Asset manager

Bridgeway Capital Management, LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1107261

Reported value: $5.7bn
Positions we cover: 1,181
Copy, a year: +12.3%
Copy Sharpe ratio: 0.61

How copying its 13F would have done

CopyS&P 500 $10,000 copying Bridgeway Capital Management, LLC's filed holdings in companies we cover from August 16, 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 −39.7% (S&P 500 −31.8%); beta 1.04; alpha −1.6% a year (t = −0.69); last 12 months +25.8% against +12.1%.

Reported value by quarter

Bridgeway Capital Management, LLC: 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).

View chart data

Period	Reported value
2013-06-30	$2.5B
2013-09-30	$2.9B
2013-12-31	$3.3B
2014-03-31	$3.5B
2014-06-30	$3.8B
2014-09-30	$4B
2014-12-31	$4.4B
2015-03-31	$4.8B
2015-06-30	$5.1B
2015-09-30	$4.8B
2015-12-31	$5.4B
2016-03-31	$5.9B
2016-06-30	$6.5B
2016-09-30	$6.7B
2016-12-31	$7.7B
2017-03-31	$8.3B
2017-06-30	$8.3B
2017-09-30	$8.8B
2017-12-31	$9.3B
2018-03-31	$9.3B
2018-06-30	$9.9B
2018-09-30	$10.3B
2018-12-31	$7.5B
2019-03-31	$8B
2019-06-30	$7.8B
2019-09-30	$7.2B
2019-12-31	$7.4B
2020-03-31	$4.4B
2020-06-30	$4.9B
2020-09-30	$4.4B
2020-12-31	$4.7B
2021-03-31	$5.3B
2021-06-30	$5.6B
2021-09-30	$5.2B
2021-12-31	$5.4B
2022-03-31	$5.2B
2022-06-30	$4.4B
2022-09-30	$3.7B
2022-12-31	$3.9T
2023-03-31	$3.8B
2023-06-30	$4.2B
2023-09-30	$4.1B
2023-12-31	$4.7B
2024-03-31	$4.9B
2024-06-30	$4.3B
2024-09-30	$4.6B
2024-12-31	$4.5B
2025-03-31	$4B
2025-06-30	$4.2B
2025-09-30	$4.7B
2025-12-31	$4.8B
2026-03-31	$5B
2026-06-30	$5.7B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	0.99%	$56.3m	281.3K	+1.0% Added
AMDAdvanced Micro Devices	0.84%	$47.7m	82.0K	−44.8% Reduced
AVGOBroadcom	0.83%	$47.1m	124.6K	+1.0% Added
AAPLApple Inc.	0.82%	$46.9m	162.3K	+1.6% Added
VSATViasat Inc	0.79%	$44.9m	499.7K	−24.3% Reduced
JPMJPMorgan Chase	0.73%	$41.4m	126.6K	+2.6% Added
VSXYVictoria's Secret & Co.	0.72%	$40.7m	488.0K	−5.4% Reduced
UNHUnitedHealth Group	0.69%	$39.0m	93.8K	+4.1% Added
CSCOCisco	0.66%	$37.5m	319.4K	+1.3% Added
MSFTMicrosoft Corporation	0.64%	$36.3m	97.2K	+5.4% Added
ENVAEnova International, Inc.	0.63%	$35.5m	147.6K	−9.1% Reduced
GOOGLAlphabet Inc. (Class A)	0.61%	$34.8m	97.4K	0.0%
LLYLilly (Eli)	0.58%	$33.1m	27.6K	−5.4% Reduced
BFHBread Financial Holdings, Inc.	0.58%	$32.9m	303.4K	−8.2% Reduced
AMZNAmazon	0.57%	$32.7m	137.3K	−1.0% Reduced
SPHRSphere Entertainment Co.	0.57%	$32.3m	186.7K	−26.8% Reduced
JNJJohnson & Johnson	0.55%	$31.3m	123.2K	+2.3% Added
METAMeta Platforms	0.54%	$30.5m	54.2K	+26.4% Added
COSTCostco	0.52%	$29.8m	31.8K	+18.5% Added
PLTRPalantir Technologies Inc.	0.52%	$29.6m	253.5K	+37.0% Added
BHEBenchmark Electronics Inc	0.50%	$28.7m	290.9K	+5.1% Added
CALYCallaway Golf Co	0.49%	$28.2m	1.50M	+8.8% Added
INSWInternational Seaways, Inc.	0.49%	$28.1m	366.9K	−11.5% Reduced
TPCTutor Perini Corp	0.49%	$27.8m	335.1K	+0.3%
BACBank of America	0.49%	$27.7m	486.6K	−3.1% Reduced
TSLATesla, Inc.	0.49%	$27.7m	65.8K	+0.1%
RTXRTX Corporation	0.49%	$27.7m	145.8K	+15.1% Added
MAMastercard	0.49%	$27.6m	53.8K	+9.9% Added
IBMIBM	0.48%	$27.6m	98.2K	−2.6% Reduced
MCDMcDonald's	0.48%	$27.6m	102.1K	+30.0% Added
KOThe Coca-Cola Company	0.48%	$27.6m	339.6K	+5.7% Added
MRKMerck & Co.	0.48%	$27.6m	214.8K	−4.6% Reduced
VVisa Inc.	0.48%	$27.6m	80.4K	−0.9% Reduced
ORCLOracle Corporation	0.48%	$27.6m	188.3K	+12.7% Added
PGProcter & Gamble	0.48%	$27.6m	188.1K	+10.9% Added
WMTWalmart	0.48%	$27.6m	243.6K	+24.1% Added
ABBVAbbVie	0.48%	$27.6m	109.5K	−2.3% Reduced
HDThe Home Depot	0.48%	$27.6m	78.1K	+5.3% Added
DISThe Walt Disney Company	0.48%	$27.5m	286.2K	+12.8% Added
VZVerizon	0.48%	$27.5m	650.0K	+6.3% Added
CVXChevron Corporation	0.48%	$27.5m	165.8K	+1.2% Added
NFLXNetflix	0.48%	$27.5m	384.6K	+51.2% Added
WFCWells Fargo	0.48%	$27.4m	331.1K	+7.6% Added
FFBCFirst Financial Bancorp	0.48%	$27.3m	807.2K	+3.7% Added
NTCTNetscout Systems Inc	0.47%	$26.7m	613.5K	−3.2% Reduced
PHINPhinia Inc.	0.47%	$26.5m	322.0K	−3.5% Reduced
BKUBankunited, Inc.	0.46%	$26.1m	539.7K	+8.7% Added
SIGSignet Jewelers LTD	0.44%	$24.8m	287.7K	+4.3% Added
LBRTLiberty Energy Inc.	0.43%	$24.4m	932.4K	−14.3% Reduced
WSBCWesbanco Inc	0.42%	$24.0m	614.9K	+5.1% Added
HGHamilton Insurance Group, Ltd.	0.42%	$23.7m	699.6K	+2.7% Added
RNSTRenasant Corp	0.41%	$23.3m	548.2K	+4.8% Added
PFSProvident Financial Services Inc	0.41%	$23.3m	984.6K	+3.3% Added
PTENPatterson UTI Energy Inc	0.40%	$22.7m	2.47M	+1.7% Added
NESRNational Energy Services Reunited Corp.	0.39%	$22.3m	745.3K	+0.9% Added
VACMarriott Vacations Worldwide Corp	0.39%	$21.9m	214.8K	+4.7% Added
DANDana Inc	0.38%	$21.5m	788.7K	−2.5% Reduced
SPNTSiriuspoint Ltd	0.38%	$21.3m	889.1K	−5.6% Reduced
KMTKennametal Inc	0.37%	$21.3m	606.8K	−9.3% Reduced
UNFIUnited Natural Foods Inc	0.37%	$20.8m	456.2K	−4.8% Reduced
CUBICustomers Bancorp, Inc.	0.37%	$20.8m	263.3K	+52.6% Added
ALGTAllegiant Travel Co	0.36%	$20.8m	176.7K	+34.3% Added
WAFDWafd Inc	0.36%	$20.6m	538.1K	+2.7% Added
BANCBanc Of California, Inc.	0.35%	$20.2m	989.7K	+3.0% Added
HPHelmerich & Payne, Inc.	0.35%	$20.2m	615.8K	−3.0% Reduced
PARRPAR Pacific Holdings, Inc.	0.35%	$19.7m	351.7K	−2.7% Reduced
TRNTrinity Industries Inc	0.35%	$19.7m	569.6K	+4.7% Added
KALUKaiser Aluminum Corp	0.34%	$19.6m	100.4K	−23.5% Reduced
VCVisteon Corp	0.34%	$19.6m	197.1K	+0.6% Added
ANDEAndersons, Inc.	0.34%	$19.3m	282.1K	−3.9% Reduced
MDPediatrix Medical Group, Inc.	0.34%	$19.3m	761.6K	+1.3% Added
EFSCEnterprise Financial Services Corp	0.34%	$19.3m	292.3K	−1.2% Reduced
ATKRAtkore Inc.	0.34%	$19.2m	252.4K	+3.4% Added
BTUPeabody Energy Corp	0.34%	$19.1m	827.3K	+3.8% Added
SFNCSimmons First National Corp	0.34%	$19.1m	844.2K	+4.8% Added
PENNPenn Entertainment, Inc.	0.34%	$19.1m	892.1K	+12.2% Added
BUSEFirst Busey Corp	0.33%	$19.0m	644.1K	+1.8% Added
WTTRSelect Water Solutions, Inc.	0.33%	$19.0m	950.3K	−0.6% Reduced
SAHSonic Automotive Inc	0.33%	$19.0m	223.8K	+13.0% Added
AEOAmerican Eagle Outfitters Inc	0.33%	$18.9m	1.10M	+1274.2% Added
TRMKTrustmark Corp	0.33%	$18.8m	408.9K	+2.7% Added
FRMEFirst Merchants Corp	0.33%	$18.8m	429.6K	+8.4% Added
TNKTeekay Tankers LTD.	0.33%	$18.7m	288.3K	−1.4% Reduced
WERNWerner Enterprises Inc	0.33%	$18.6m	425.4K	+0.9% Added
BANRBanner Corp	0.32%	$18.1m	272.3K	+0.5%
LCIILCI Industries	0.31%	$17.9m	168.6K	+1.8% Added
SRCE1st Source Corp	0.31%	$17.8m	218.4K	+2.0% Added
BBTBeacon Financial Corp	0.31%	$17.5m	574.0K	+8.9% Added
PLGOPelagos Insurance Capital Ltd	0.31%	$17.4m	713.9K	−3.0% Reduced
CXWCorecivic, Inc.	0.30%	$17.3m	567.8K	+11.4% Added
CRGYCrescent Energy Co	0.30%	$17.2m	1.75M	+5.1% Added
HOGHarley-davidson, Inc.	0.30%	$17.2m	702.1K	+0.6% Added
VISNVistance Networks, Inc.	0.30%	$17.1m	1.34M	+1478.5% Added
HTHHilltop Holdings Inc.	0.29%	$16.7m	430.8K	+1.8% Added
HMNHorace Mann Educators Corp	0.29%	$16.5m	319.3K	−5.2% Reduced
ECPGEncore Capital Group Inc	0.29%	$16.5m	176.5K	+1.4% Added
TALOTalos Energy Inc.	0.28%	$16.1m	1.24M	−4.9% Reduced
KSSKohls Corp	0.28%	$16.0m	904.9K	+2.8% Added
BYByline Bancorp, Inc.	0.28%	$16.0m	424.3K	+0.2%
EZPWEzcorp Inc	0.28%	$15.8m	458.0K	−7.5% Reduced
OFGOFG Bancorp	0.28%	$15.7m	320.0K	−2.2% Reduced
PRGProg Holdings, Inc.	0.28%	$15.7m	336.5K	+2.8% Added
CMRECostamare Inc.	0.27%	$15.6m	1.11M	−5.3% Reduced
SPBSpectrum Brands Holdings, Inc.	0.27%	$15.2m	177.4K	+4.2% Added
QCRHQCR Holdings Inc	0.26%	$15.0m	154.3K	−1.3% Reduced
BANDBandwidth Inc.	0.26%	$14.9m	236.0K	+2.9% Added
OLNOlin Corp	0.26%	$14.8m	744.6K	+12.0% Added
NWLNewell Brands Inc.	0.26%	$14.6m	2.37M	−1.6% Reduced
DNOWDnow Inc.	0.25%	$14.2m	1.09M	−21.9% Reduced
SBHSally Beauty Holdings, Inc.	0.25%	$14.1m	996.9K	+1.9% Added
NMIHNMI Holdings, Inc.	0.25%	$14.0m	341.0K	+657.8% Added
STBAS&T Bancorp Inc	0.25%	$14.0m	285.3K	+1.4% Added
ABMABM Industries Inc	0.24%	$13.7m	310.4K	New
AMALAmalgamated Financial Corp.	0.24%	$13.6m	296.5K	+2.2% Added
EVCEntravision Communications Corp	0.24%	$13.5m	1.04M	+9.3% Added
GIIIG III Apparel Group LTD	0.23%	$13.4m	396.9K	−11.0% Reduced
GLUEMonte Rosa Therapeutics, Inc.	0.23%	$13.4m	552.6K	+4.5% Added
ARCBArcbest Corp	0.23%	$13.1m	90.9K	+7.7% Added
WSWorthington Steel, Inc.	0.23%	$13.0m	386.5K	+0.8% Added
NWPXNwpx Infrastructure, Inc.	0.23%	$12.9m	86.2K	−4.0% Reduced
CCSCentury Communities, Inc.	0.22%	$12.8m	178.1K	−11.9% Reduced
ZDZiff Davis, Inc.	0.22%	$12.7m	243.2K	+3.7% Added
DCOMDime Commercial Bancshares, Inc.	0.22%	$12.7m	312.6K	−1.5% Reduced
DLXDeluxe Corp	0.22%	$12.7m	530.8K	−3.7% Reduced
HUNHuntsman Corp	0.22%	$12.6m	1.19M	+1089.1% Added
NOGNorthern OIL & GAS, Inc.	0.22%	$12.6m	693.6K	+15.9% Added
LPGDorian LPG LTD.	0.22%	$12.6m	361.1K	+10.6% Added
INVXInnovex International, Inc.	0.22%	$12.5m	504.3K	+0.9% Added
UVEUniversal Insurance Holdings, Inc.	0.22%	$12.4m	299.6K	+2.4% Added
PUMPPropetro Holding Corp.	0.22%	$12.4m	861.4K	+0.9% Added
PAGSPagseguro Digital Ltd.	0.22%	$12.3m	1.36M	New
REXREX American Resources Corp	0.21%	$12.2m	270.9K	−14.5% Reduced
WKCWorld Kinect Corp	0.21%	$12.1m	368.2K	−15.8% Reduced
TTITetra Technologies Inc	0.21%	$12.1m	1.06M	−9.6% Reduced
RBCAARepublic Bancorp Inc	0.21%	$11.9m	131.5K	+3.0% Added
NBHCNational Bank Holdings Corp	0.21%	$11.8m	264.7K	+3.1% Added
SCSCScansource, Inc.	0.20%	$11.5m	221.2K	−21.2% Reduced
STCStewart Information Services Corp	0.20%	$11.5m	174.4K	New
PLABPhotronics Inc	0.20%	$11.5m	352.8K	−2.8% Reduced
AGMFederal Agricultural Mortgage Corp	0.20%	$11.4m	57.4K	−15.9% Reduced
TDOCTeladoc Health, Inc.	0.20%	$11.3m	1.34M	+16.6% Added
CASHPathward Financial, Inc.	0.20%	$11.3m	130.3K	+20.6% Added
WLFCWillis Lease Finance Corp	0.20%	$11.3m	49.3K	0.0%
NBRNabors Industries LTD	0.20%	$11.2m	133.7K	+36.9% Added
WMKWeis Markets Inc	0.20%	$11.2m	142.6K	−9.2% Reduced
SCHLScholastic Corp	0.20%	$11.1m	240.9K	+17.0% Added
HOPEHope Bancorp Inc	0.20%	$11.1m	809.9K	0.0%
SFLSFL Corp Ltd.	0.19%	$11.0m	1.08M	+1.5% Added
OCFCOceanfirst Financial Corp	0.19%	$10.9m	555.7K	+72.1% Added
VTOLBristow Group Inc.	0.19%	$10.8m	261.5K	−6.5% Reduced

Company	Bought (value)	Shares
AEOAmerican Eagle Outfitters Inc	$17.5m	1.02M
VISNVistance Networks, Inc.	$16.1m	1.26M
ABMABM Industries Inc	$13.7m	310.4K
PAGSPagseguro Digital Ltd.	$12.3m	1.36M
NMIHNMI Holdings, Inc.	$12.2m	296.0K
HUNHuntsman Corp	$11.6m	1.09M
STCStewart Information Services Corp	$11.5m	174.4K
PGYPagaya Technologies Ltd.	$10.7m	588.3K
NFLXNetflix	$9.3m	130.3K
NBTBNBT Bancorp Inc	$9.0m	182.2K
STRAStrategic Education, Inc.	$8.1m	106.2K
PLTRPalantir Technologies Inc.	$8.0m	68.5K
INVAInnoviva, Inc.	$7.4m	326.1K
CUBICustomers Bancorp, Inc.	$7.2m	90.8K
METAMeta Platforms	$6.4m	11.3K

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

Company	Sold (value)	Shares
AMDAdvanced Micro Devices	−$38.7m	−66.5K
VVXV2x, Inc.	−$19.0m	−255.3K
VSATViasat Inc	−$14.4m	−160.5K
SPHRSphere Entertainment Co.	−$11.9m	−68.5K
SDRLSeadrill Ltd	−$10.7m	−282.5K
JBLUJetblue Airways Corp	−$10.0m	−2.27M
MANManpowergroup Inc.	−$7.0m	−208.6K
NTBBank Of N.t. Butterfield & Son Ltd	−$6.9m	−116.4K
KALUKaiser Aluminum Corp	−$6.0m	−30.9K
AMRCAmeresco, Inc.	−$5.8m	−210.9K
CTBICommunity Trust Bancorp Inc	−$5.7m	−78.9K
TROXTronox Holdings plc	−$5.0m	−793.8K
MBWMMercantile Bank Corp	−$4.9m	−85.3K
MUXMcewen Inc.	−$4.5m	−247.1K
LBRTLiberty Energy Inc.	−$4.1m	−155.0K

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

Company	Value last quarter	Shares
JBLUJetblue Airways Corp	$10.0m	2.27M
NWBINorthwest Bancshares, Inc.	$3.7m	295.3K
GHCGraham Holdings Co	$3.1m	2.9K
TJXTJX Companies	$3.0m	18.5K
APHAmphenol	$2.9m	22.7K
HCAHCA Healthcare	$2.7m	5.7K
CTRECaretrust Reit, Inc.	$2.7m	73.0K
EOGEOG Resources	$2.6m	18.2K
PEPPepsiCo	$2.5m	16.1K
OTTROtter Tail Corp	$2.2m	24.8K
DECDiversified Energy Co	$2.2m	123.5K
MCKMcKesson	$2.1m	2.5K
CARTMaplebear Inc.	$2.1m	55.9K
GLGlobe Life	$2.0m	14.7K
LUVSouthwest Airlines	$1.9m	51.5K
NUNu Holdings Ltd.	$1.9m	130.4K
GMGeneral Motors	$1.8m	24.4K
TRNOTerreno Realty Corp	$1.8m	29.0K
ATMUAtmus Filtration Technologies Inc.	$1.7m	30.0K
AHRAmerican Healthcare Reit, Inc.	$1.7m	35.0K
EQHEquitable Holdings, Inc.	$1.6m	43.5K
TEXTerex Corp	$1.5m	26.0K
JXNJackson Financial Inc.	$1.5m	14.4K
SBRASabra Health Care Reit, Inc.	$1.5m	78.0K
PRUPrudential Financial	$1.4m	14.2K
SGRYSurgery Partners, Inc.	$1.2m	100.2K
FTAIFTAI Aviation Ltd.	$1.2m	4.9K
LAURLaureate Education, Inc.	$1.2m	34.2K
MNSTMonster Beverage	$1.1m	15.8K
AVAAvista Corp	$1.1m	28.0K

Financials29.4%
Consumer Discretionary14.1%
Technology13.1%
Industrials12.6%
Energy7.8%
Health Care7.5%
Communication Services6.0%
Consumer Staples4.7%
Materials3.9%
Real Estate0.5%
Utilities0.4%

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

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 16, 2013 to November 2, 2026	+12.3%	+14.1%	0.61	0.78	−39.7%	1.04
2018 onwardsJanuary 5, 2018 to November 2, 2026	+10.9%	+13.9%	0.46	0.66	−39.7%	1.04
Last three yearsNovember 3, 2023 to November 2, 2026	+20.7%	+21.8%	0.91	1.16	−22.3%	0.91
Last yearNovember 7, 2025 to November 2, 2026	+26.5%	+14.2%	1.64	0.84	−7.5%	0.55

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.