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Hedge fund

Adage Capital Partners Gp, L.L.C.

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1165408

Reported value
$71.3bn
93% in companies we cover
Positions we cover
794
Largest NVDA 6.2%
Copy, a year
+14.6%
S&P 500 +13.8%
Copy Sharpe ratio
0.79
S&P 500 0.77

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $61.3k$55.9k
CopyS&P 500 $10,000 copying Adage Capital Partners Gp, L.L.C.'s filed holdings in companies we cover from July 19, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −33.3% (S&P 500 −31.8%); beta 1.02; alpha +0.5% a year (t = 0.67); last 12 months +14.1% against +12.1%.

Reported value by quarter

Adage Capital Partners Gp, L.L.C.: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $20T $40T $60T Reported value, 2013-03-31: $30B Reported value, 2013-06-30: $32.2B Reported value, 2013-09-30: $34.5B Reported value, 2013-12-31: $37.6B Reported value, 2014-03-31: $36.4B Reported value, 2014-06-30: $38.5B Reported value, 2014-09-30: $40.2B Reported value, 2014-12-31: $40.6B Reported value, 2015-03-31: $40.8B Reported value, 2015-06-30: $39.9B Reported value, 2015-09-30: $35.9B Reported value, 2015-12-31: $38.1B Reported value, 2016-03-31: $36.8B Reported value, 2016-06-30: $36.6B Reported value, 2016-09-30: $36.3B Reported value, 2016-12-31: $36.6B Reported value, 2017-03-31: $39.7B Reported value, 2017-06-30: $40.8B Reported value, 2017-09-30: $41.1B Reported value, 2017-12-31: $44.2B Reported value, 2018-03-31: $43B Reported value, 2018-06-30: $43.7B Reported value, 2018-09-30: $44.8B Reported value, 2018-12-31: $36.1B Reported value, 2019-03-31: $40B Reported value, 2019-06-30: $40.2B Reported value, 2019-09-30: $40.7B Reported value, 2019-12-31: $40.7B Reported value, 2020-03-31: $33.5B Reported value, 2020-06-30: $39.1B Reported value, 2020-09-30: $39.9B Reported value, 2020-12-31: $45.9B Reported value, 2021-03-31: $49B Reported value, 2021-06-30: $51.1B Reported value, 2021-09-30: $50.8B Reported value, 2021-12-31: $55.5B Reported value, 2022-03-31: $52.6B Reported value, 2022-06-30: $43.5B Reported value, 2022-09-30: $40.2B Reported value, 2022-12-31: $41.7T Reported value, 2023-03-31: $44.6B Reported value, 2023-06-30: $46B Reported value, 2023-09-30: $44.1B Reported value, 2023-12-31: $48.3B Reported value, 2024-03-31: $52.9B Reported value, 2024-06-30: $54B Reported value, 2024-09-30: $56.6B Reported value, 2024-12-31: $57.2B Reported value, 2025-03-31: $54B Reported value, 2025-06-30: $59.3B Reported value, 2025-09-30: $63.1B Reported value, 2025-12-31: $66B Reported value, 2026-03-31: $64.8B Reported value, 2026-06-30: $71.3B 2013-03-31 2015-12-31 2018-09-30 2021-06-30 2024-03-31 2026-06-30 $71.3B
View chart data
Period Reported value
2013-03-31 $30B
2013-06-30 $32.2B
2013-09-30 $34.5B
2013-12-31 $37.6B
2014-03-31 $36.4B
2014-06-30 $38.5B
2014-09-30 $40.2B
2014-12-31 $40.6B
2015-03-31 $40.8B
2015-06-30 $39.9B
2015-09-30 $35.9B
2015-12-31 $38.1B
2016-03-31 $36.8B
2016-06-30 $36.6B
2016-09-30 $36.3B
2016-12-31 $36.6B
2017-03-31 $39.7B
2017-06-30 $40.8B
2017-09-30 $41.1B
2017-12-31 $44.2B
2018-03-31 $43B
2018-06-30 $43.7B
2018-09-30 $44.8B
2018-12-31 $36.1B
2019-03-31 $40B
2019-06-30 $40.2B
2019-09-30 $40.7B
2019-12-31 $40.7B
2020-03-31 $33.5B
2020-06-30 $39.1B
2020-09-30 $39.9B
2020-12-31 $45.9B
2021-03-31 $49B
2021-06-30 $51.1B
2021-09-30 $50.8B
2021-12-31 $55.5B
2022-03-31 $52.6B
2022-06-30 $43.5B
2022-09-30 $40.2B
2022-12-31 $41.7T
2023-03-31 $44.6B
2023-06-30 $46B
2023-09-30 $44.1B
2023-12-31 $48.3B
2024-03-31 $52.9B
2024-06-30 $54B
2024-09-30 $56.6B
2024-12-31 $57.2B
2025-03-31 $54B
2025-06-30 $59.3B
2025-09-30 $63.1B
2025-12-31 $66B
2026-03-31 $64.8B
2026-06-30 $71.3B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
NVDANVIDIA Corporation6.16%$4.4bn21.94M−0.7% Reduced
AAPLApple Inc.5.27%$3.8bn12.99M−0.4%
MSFTMicrosoft Corporation3.44%$2.5bn6.58M+0.1%
AMZNAmazon2.93%$2.1bn8.76M−4.4% Reduced
GOOGLAlphabet Inc. (Class A)2.61%$1.9bn5.21M−0.1%
AVGOBroadcom2.22%$1.6bn4.20M+2.1% Added
MUMicron Technology1.67%$1.2bn1.03M−6.5% Reduced
METAMeta Platforms1.63%$1.2bn2.06M0.0%
TSLATesla, Inc.1.46%$1.0bn2.48M+2.6% Added
LLYLilly (Eli)1.22%$871.0m726.2K−24.1% Reduced
AMDAdvanced Micro Devices1.18%$838.9m1.44M+8.9% Added
JPMJPMorgan Chase1.10%$782.2m2.39M−1.1% Reduced
COPConocoPhillips1.00%$711.3m6.84M+13.7% Added
JNJJohnson & Johnson0.91%$651.8m2.57M+4.2% Added
INTCIntel0.80%$567.4m4.06M−2.4% Reduced
LRCXLam Research0.72%$513.8m1.19M+2.4% Added
VVisa Inc.0.71%$503.0m1.47M−1.5% Reduced
UNHUnitedHealth Group0.65%$461.4m1.11M+16.1% Added
WMTWalmart0.58%$413.3m3.65M−0.4%
AMATApplied Materials0.58%$410.5m567.7K−14.8% Reduced
CSCOCisco0.57%$406.7m3.46M−10.9% Reduced
ABBVAbbVie0.56%$402.3m1.60M+8.7% Added
CATCaterpillar Inc.0.55%$391.6m367.7K−4.9% Reduced
COSTCostco0.52%$370.1m395.7K−0.5% Reduced
BACBank of America0.52%$370.0m6.49M+1.5% Added
ROIVRoivant Sciences Ltd.0.51%$366.3m10.35M−19.1% Reduced
MAMastercard0.51%$364.5m709.6K−0.6% Reduced
DVNDevon Energy0.49%$349.1m8.45M+904.3% Added
PRAXPraxis Precision Medicines, Inc.0.48%$340.0m1.02M+24.5% Added
GEGE Aerospace0.46%$329.5m881.7K−14.8% Reduced
PGProcter & Gamble0.44%$310.9m2.12M−24.7% Reduced
HDThe Home Depot0.41%$295.3m837.3K−12.2% Reduced
CVXChevron Corporation0.40%$285.9m1.72M−31.0% Reduced
KOThe Coca-Cola Company0.39%$280.7m3.45M−9.2% Reduced
KLACKLA Corporation0.39%$276.0m914.8K+863.5% Added
GEVGE Vernova0.39%$275.7m234.7K+4.5% Added
DOVDover Corporation0.39%$274.6m1.22M+69.7% Added
RTXRTX Corporation0.38%$272.1m1.43M+1.5% Added
ORCLOracle Corporation0.38%$270.6m1.85M−3.8% Reduced
PANWPalo Alto Networks0.37%$262.0m768.3K−8.4% Reduced
SNDKSandisk0.37%$261.7m115.1K+2.6% Added
MRKMerck & Co.0.37%$260.9m2.03M−24.5% Reduced
NFLXNetflix0.36%$257.2m3.60M−0.8% Reduced
IBMIBM0.35%$252.6m898.2K−4.2% Reduced
PMPhilip Morris International0.35%$251.5m1.39M−0.3%
APHAmphenol0.35%$250.9m1.42M−20.3% Reduced
NSCNorfolk Southern0.34%$241.1m766.5K−10.2% Reduced
PLTRPalantir Technologies Inc.0.34%$238.9m2.05M+0.1%
JCIJohnson Controls0.33%$238.4m1.63M+7.7% Added
LINLinde plc0.33%$234.7m452.3K−0.2%
OVVOvintiv Inc.0.32%$230.2m4.37M−10.9% Reduced
VNOMViper Energy, Inc.0.32%$230.1m5.43M+8.4% Added
WFCWells Fargo0.32%$225.5m2.73M−1.5% Reduced
MRVLMarvell Technology0.31%$222.2m745.8KNew
GSGoldman Sachs0.31%$218.5m216.1K+0.4%
TXNTexas Instruments0.30%$215.1m721.6K−9.0% Reduced
ABTAbbott Laboratories0.30%$211.6m2.33M+36.6% Added
TMOThermo Fisher Scientific0.29%$203.6m406.2K−25.6% Reduced
WDCWestern Digital0.28%$196.4m307.4K+4.7% Added
VRTXVertex Pharmaceuticals0.28%$195.7m394.0K+56.3% Added
MSMorgan Stanley0.27%$194.2m929.0K−4.5% Reduced
STXSeagate Technology0.27%$193.0m200.0K+7.9% Added
ANETArista Networks0.26%$187.9m1.11M+19.5% Added
AJGArthur J. Gallagher & Co.0.26%$183.4m799.0K+134.5% Added
TNGXTango Therapeutics, Inc.0.25%$175.1m5.60M−56.3% Reduced
CRWDCrowdStrike0.24%$171.2m224.4K+9.0% Added
AMGNAmgen0.24%$170.9m471.8K+37.8% Added
CVSCVS Health0.24%$169.6m1.64M+2.7% Added
QCOMQualcomm0.24%$168.2m910.0K−4.8% Reduced
BBIOBridgebio Pharma, Inc.0.23%$167.7m2.25M+276.0% Added
UALUnited Airlines Holdings0.23%$162.9m1.20M+458.1% Added
CCitigroup0.22%$159.0m1.14M+26.9% Added
ADIAnalog Devices0.22%$158.5m399.0K+21.8% Added
MTDRMatador Resources Co0.22%$158.4m3.18M+4.8% Added
VZVerizon0.22%$157.7m3.72M−5.2% Reduced
SYRESpyre Therapeutics, Inc.0.21%$152.9m1.72MNew
CBChubb Limited0.21%$150.4m441.5K−25.9% Reduced
XELXcel Energy0.21%$149.3m1.86M+18.1% Added
ASMLAsml Holding NV0.21%$149.2m75.0K+36.4% Added
BABoeing0.21%$147.9m683.1K−14.6% Reduced
TVTXTravere Therapeutics, Inc.0.20%$146.0m2.57M+163.0% Added
EQIXEquinix0.20%$145.9m140.0K−11.5% Reduced
DISThe Walt Disney Company0.20%$142.8m1.48M−14.6% Reduced
ARAntero Resources Corp0.20%$142.8m4.06M+12.3% Added
GLWCorning Inc.0.20%$142.6m558.4K+17.7% Added
TRVThe Travelers Companies0.20%$141.3m428.1K+27.7% Added
RPRXRoyalty Pharma plc0.20%$140.2m2.50M−66.6% Reduced
MMM3M0.20%$139.8m863.5K+208.4% Added
TJXTJX Companies0.20%$139.7m922.2K+0.7% Added
SWKStanley Black & Decker0.19%$138.2m1.47M−36.2% Reduced
CRMSalesforce0.19%$137.7m879.1K−19.3% Reduced
AEPAmerican Electric Power0.19%$137.2m1.00M+37.5% Added
GILDGilead Sciences0.19%$135.4m1.07M+17.0% Added
WELLWelltower0.19%$133.8m589.6K−5.7% Reduced
MPWRMonolithic Power Systems, Inc.0.19%$133.2m96.4K+30.8% Added
ETNEaton Corporation0.18%$131.7m309.1K−4.3% Reduced
CHRDChord Energy Corp0.18%$131.2m1.15M−3.4% Reduced
ISRGIntuitive Surgical0.18%$130.3m327.7K−13.7% Reduced
UBERUber0.18%$128.0m1.77M−7.7% Reduced
TTTrane Technologies0.18%$126.5m257.6K+7.2% Added
AONAon plc0.18%$126.2m380.4K+71.2% Added
COHRCoherent Corp.0.18%$126.0m319.4K+28.8% Added
TAT&T0.17%$124.0m5.99M−2.1% Reduced
APPApplovin Corp0.17%$123.6m239.8K−1.2% Reduced
CMICummins0.17%$123.4m173.0K+39.8% Added
DEDeere & Company0.17%$122.8m193.7K+19.1% Added
AXPAmerican Express0.17%$121.3m358.7K+9.9% Added
VTRVentas0.17%$121.1m1.36M+1.3% Added
MCDMcDonald's0.17%$120.2m444.7K−12.5% Reduced
SWXSouthwest Gas Holdings, Inc.0.17%$120.1m1.35M−8.2% Reduced
BKNGBooking Holdings0.17%$117.7m660.6K+2355.8% Added
NRGNRG Energy0.16%$116.1m794.6K+80.5% Added
BLKBlackRock0.16%$116.0m120.7K+8.8% Added
CVECenovus Energy Inc.0.16%$115.6m4.66M+1.7% Added
LOWLowe's0.16%$115.2m522.6K−35.7% Reduced
VRTVertiv0.16%$114.6m342.3K+16.9% Added
RVMDRevolution Medicines, Inc.0.16%$111.8m597.2K−89.1% Reduced
PEPPepsiCo0.15%$110.5m816.0K−7.2% Reduced
COFCapital One0.15%$110.2m549.5K+14.2% Added
SPGIS&P Global0.15%$110.0m270.2K−1.4% Reduced
RCLRoyal Caribbean Group0.15%$109.6m345.3K−23.0% Reduced
PNWPinnacle West Capital0.15%$109.2m1.02M+194.4% Added
DDominion Energy0.15%$108.2m1.58MNew
JBTMJBT Marel Corp0.15%$107.6m742.2K+34.1% Added
MOAltria0.15%$107.1m1.49M−1.0% Reduced
DDOGDatadog, Inc.0.15%$105.4m404.8K−8.8% Reduced
PGRProgressive Corporation0.15%$105.0m480.8K−5.7% Reduced
PHParker Hannifin0.15%$104.0m106.4K−27.2% Reduced
FBINFortune Brands Innovations, Inc.0.14%$103.4m1.88M−21.8% Reduced
SCHWCharles Schwab Corporation0.14%$103.1m1.12M−33.0% Reduced
TELTE Connectivity0.14%$102.9m510.1K+23.6% Added
ETREntergy0.14%$101.2m881.1K−12.6% Reduced
IDYAIdeaya Biosciences, Inc.0.14%$101.2m2.72M−3.8% Reduced
GDGeneral Dynamics0.14%$101.0m285.2K+15.5% Added
DELLDell Technologies0.14%$100.4m232.8K+10.2% Added
CSXCSX Corporation0.14%$100.2m2.11M−70.2% Reduced
BMYBristol Myers Squibb0.14%$98.9m1.72M+17.0% Added
KDPKeurig Dr Pepper0.14%$97.3m2.97M+144.2% Added
SYKStryker Corporation0.14%$96.8m307.5KNew
PSXPhillips 660.14%$96.7m572.3K−26.7% Reduced
HWMHowmet Aerospace0.13%$95.9m356.6K+27.7% Added
SRRKScholar Rock Holding Corp0.13%$95.2m1.73M+147.3% Added
PWRQuanta Services0.13%$94.9m131.8K+4.1% Added
ORLYO'Reilly Automotive0.13%$93.3m1.01M+56.9% Added
PFEPfizer0.13%$91.5m3.80M+535.4% Added
PCGPG&E Corporation0.13%$91.5m5.44M+32.1% Added
INSMInsmed Inc0.13%$90.6m850.0K−5.6% Reduced
PLDPrologis0.13%$89.5m660.9K+5.2% Added
IEXIDEX Corporation0.13%$89.4m393.9K+489.8% Added
JBLJabil0.13%$89.2m231.4K+12.4% Added
CompanyBought (value)Shares
DVNDevon Energy$314.3m7.61M
KLACKLA Corporation$247.4m819.9K
MRVLMarvell Technology$222.2m745.8K
SYRESpyre Therapeutics, Inc.$152.9m1.72M
UALUnited Airlines Holdings$133.8m983.5K
BBIOBridgebio Pharma, Inc.$123.1m1.65M
BKNGBooking Holdings$113.0m633.7K
DOVDover Corporation$112.8m502.8K
DDominion Energy$108.2m1.58M
AJGArthur J. Gallagher & Co.$105.2m458.2K
SYKStryker Corporation$96.8m307.5K
MMM3M$94.5m583.5K
TVTXTravere Therapeutics, Inc.$90.5m1.59M
COPConocoPhillips$85.6m823.3K
HUMHumana$83.5m210.1K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
RVMDRevolution Medicines, Inc.−$913.6m−4.88M
RPRXRoyalty Pharma plc−$279.3m−4.98M
LLYLilly (Eli)−$276.6m−230.6K
RBARB Global Inc.−$241.7m−2.08M
CSXCSX Corporation−$236.6m−4.98M
TNGXTango Therapeutics, Inc.−$225.4m−7.21M
ALABAstera Labs, Inc.−$176.3m−365.0K
CVXChevron Corporation−$128.7m−776.2K
BSXBoston Scientific−$126.5m−2.96M
UNMUnum Group−$120.7m−1.35M
AXSMAxsome Therapeutics, Inc.−$117.1m−478.5K
SOSouthern Company−$114.6m−1.19M
VOYAVoya Financial, Inc.−$102.5m−1.50M
PGProcter & Gamble−$102.2m−696.7K
MDGLMadrigal Pharmaceuticals, Inc.−$97.0m−185.3K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
SOSouthern Company$114.6m1.19M
VOYAVoya Financial, Inc.$102.5m1.50M
MDGLMadrigal Pharmaceuticals, Inc.$97.0m185.3K
HCAHCA Healthcare$55.0m116.2K
DALDelta Air Lines$52.0m781.9K
FEFirstEnergy$44.9m886.7K
SHELShell plc$44.6m480.0K
THGHanover Insurance Group, Inc.$37.3m215.4K
SUNBSunbelt Rentals Holdings, Inc.$36.8m565.0K
FITBFifth Third Bancorp$36.1m776.3K
ERASErasca, Inc.$34.0m2.10M
EDConsolidated Edison$31.5m278.3K
DUKDuke Energy$30.1m230.1K
PTGXProtagonist Therapeutics, Inc$29.8m282.4K
SSDSimpson Manufacturing Co., Inc.$27.0m157.5K
KMPRKemper Corp$24.4m800.0K
ALGNAlign Technology$22.3m130.3K
OCSOculis Holding AG$22.2m833.2K
SHAKShake Shack Inc.$20.3m230.0K
HIGThe Hartford$20.3m149.8K
VRDNViridian Therapeutics, Inc.\de$19.0m970.0K
EQTEQT Corporation$18.7m294.1K
ALHCAlignment Healthcare, Inc.$18.5m1.05M
UMBFUMB Financial Corp$18.1m160.7K
SAIASaia Inc$17.9m51.0K
RJFRaymond James Financial$17.8m123.2K
USARUSA Rare Earth, Inc.$17.6m1.16M
KNTKKinetik Holdings Inc.$17.5m362.5K
WSCWillscot Holdings Corp$17.3m998.9K
TKRTimken Co$16.9m168.2K
  • Technology34.3%
  • Health Care14.8%
  • Financials10.3%
  • Industrials9.8%
  • Consumer Discretionary8.6%
  • Communication Services6.2%
  • Energy5.0%
  • Consumer Staples3.9%
  • Utilities2.8%
  • Real Estate2.3%
  • Materials2.0%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestJuly 19, 2013 to November 2, 2026+14.6%+13.8%0.790.77−33.3%1.02
2018 onwardsJanuary 5, 2018 to November 2, 2026+13.7%+13.9%0.630.66−33.3%1.02
Last three yearsNovember 3, 2023 to November 2, 2026+21.6%+21.8%1.151.16−17.9%0.99
Last yearNovember 7, 2025 to November 2, 2026+16.1%+14.2%1.040.84−6.9%0.88

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.