Institution

Gradient Investments LLC

13F for the quarter to June 30, 2026, filed July 8, 2026 · SEC CIK 1542265

Reported value: $7.2bn
Positions we cover: 271
Copy, a year: +13.1%
Copy Sharpe ratio: 0.66

How copying its 13F would have done

CopyS&P 500 $10,000 copying Gradient Investments LLC's filed holdings in companies we cover from October 14, 2016, 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 −33.0% (S&P 500 −31.8%); beta 0.98; alpha −1.5% a year (t = −1.22); last 12 months +13.1% against +12.1%.

Reported value by quarter

Gradient Investments 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
2016-09-30	$1B
2016-12-31	$1.1B
2017-03-31	$1.3B
2017-06-30	$1.4B
2017-09-30	$1.6B
2017-12-31	$1.7B
2018-03-31	$1.8B
2018-06-30	$1.9B
2018-09-30	$1.9B
2018-12-31	$1.7B
2019-03-31	$1.5B
2019-06-30	$1.9B
2019-09-30	$2B
2019-12-31	$2.2B
2020-03-31	$1.9B
2020-06-30	$2.2B
2020-09-30	$2.4B
2020-12-31	$2.4B
2021-03-31	$3.1B
2021-06-30	$3.4B
2021-09-30	$3.6B
2021-12-31	$3.9B
2022-03-31	$3.9B
2022-06-30	$3.4B
2022-09-30	$3.3B
2022-12-31	$3.2T
2023-03-31	$3.7B
2023-06-30	$3.9B
2023-09-30	$3.8B
2023-12-31	$4.1B
2024-03-31	$4.3B
2024-06-30	$4.5B
2024-09-30	$4.8B
2024-12-31	$4.9B
2025-03-31	$5B
2025-06-30	$5.5B
2025-09-30	$6B
2025-12-31	$6.3B
2026-03-31	$6.5B
2026-06-30	$7.2B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	2.65%	$192.1m	960.2K	+29.5% Added
AAPLApple Inc.	2.00%	$145.3m	502.0K	+1.8% Added
AMZNAmazon	1.96%	$142.3m	597.0K	−3.2% Reduced
MSFTMicrosoft Corporation	1.57%	$113.7m	304.9K	−4.6% Reduced
METAMeta Platforms	1.14%	$82.7m	146.9K	+4.0% Added
AVGOBroadcom	1.07%	$77.6m	205.4K	+8.8% Added
GSGoldman Sachs	0.99%	$71.5m	70.7K	+0.8% Added
JPMJPMorgan Chase	0.93%	$67.4m	205.9K	+6.4% Added
MSMorgan Stanley	0.92%	$66.6m	318.7K	−2.7% Reduced
LRCXLam Research	0.90%	$65.1m	150.2K	+4.4% Added
PANWPalo Alto Networks	0.82%	$59.8m	175.2K	−2.3% Reduced
UNHUnitedHealth Group	0.80%	$58.1m	139.8K	−8.0% Reduced
CVXChevron Corporation	0.74%	$53.9m	324.9K	+5.3% Added
TGTTarget Corporation	0.69%	$49.9m	381.7K	−10.4% Reduced
ETNEaton Corporation	0.68%	$49.6m	116.3K	+5.2% Added
VVisa Inc.	0.65%	$47.0m	136.9K	+9.1% Added
KOThe Coca-Cola Company	0.63%	$45.8m	563.1K	−0.1%
URIUnited Rentals	0.62%	$44.8m	39.5K	+7.8% Added
WMTWalmart	0.61%	$43.9m	387.8K	+1.2% Added
APHAmphenol	0.56%	$40.6m	230.1K	+13.4% Added
BACBank of America	0.56%	$40.3m	707.8K	+1.7% Added
PGProcter & Gamble	0.54%	$39.2m	267.2K	+6.8% Added
MDTMedtronic	0.54%	$38.8m	496.5K	+3.9% Added
JNJJohnson & Johnson	0.54%	$38.8m	152.8K	+9.9% Added
GOOGLAlphabet Inc. (Class A)	0.47%	$34.3m	95.9K	+29.8% Added
CRWDCrowdStrike	0.46%	$33.5m	43.9K	New
MCDMcDonald's	0.46%	$33.1m	122.6K	−2.1% Reduced
LLYLilly (Eli)	0.45%	$32.8m	27.3K	+39.6% Added
PWRQuanta Services	0.44%	$32.1m	44.5K	−11.6% Reduced
LOWLowe's	0.42%	$30.7m	139.1K	−1.7% Reduced
SBUXStarbucks	0.42%	$30.2m	295.2K	−4.4% Reduced
COPConocoPhillips	0.40%	$29.3m	281.6K	+10.6% Added
MLMMartin Marietta Materials	0.39%	$28.6m	49.6K	+18.6% Added
LUVSouthwest Airlines	0.38%	$27.7m	539.6K	+19.3% Added
ASMLAsml Holding NV	0.37%	$26.9m	13.5K	−7.7% Reduced
NEENextEra Energy	0.36%	$26.4m	300.6K	+21.4% Added
COSTCostco	0.36%	$25.8m	27.6K	+9.0% Added
NOWServiceNow	0.36%	$25.8m	259.6K	+39.9% Added
DXCMDexcom	0.35%	$25.1m	372.5K	+16.7% Added
KLACKLA Corporation	0.34%	$24.8m	82.1K	+868.2% Added
EQIXEquinix	0.32%	$23.5m	22.6K	−0.4%
ECLEcolab	0.31%	$22.2m	79.7K	−14.1% Reduced
KEYKeyCorp	0.30%	$22.1m	959.8K	+1.0% Added
WCNWaste Connections, Inc.	0.30%	$22.1m	132.6K	−8.5% Reduced
TXNTexas Instruments	0.30%	$21.9m	73.6K	−3.4% Reduced
EXRExtra Space Storage	0.30%	$21.8m	150.4K	−7.7% Reduced
ROKRockwell Automation	0.30%	$21.6m	43.7K	−7.4% Reduced
CSCOCisco	0.30%	$21.6m	184.1K	−1.1% Reduced
CTASCintas	0.30%	$21.6m	126.8K	+21.8% Added
ABTAbbott Laboratories	0.30%	$21.4m	236.3K	−34.9% Reduced
PYPLPayPal	0.29%	$21.2m	491.7K	+14.5% Added
CCitigroup	0.29%	$20.9m	149.5K	−1.5% Reduced
TJXTJX Companies	0.28%	$20.6m	135.9K	+5.1% Added
AZNAstrazeneca PLC	0.28%	$20.5m	108.1K	+3.2% Added
BSXBoston Scientific	0.28%	$20.0m	468.3K	+82.0% Added
ABBVAbbVie	0.27%	$19.5m	77.6K	+5.0% Added
BKRBaker Hughes	0.26%	$19.2m	345.4K	−12.0% Reduced
ISRGIntuitive Surgical	0.26%	$18.9m	47.6K	+30.0% Added
SNPSSynopsys Inc	0.26%	$18.8m	42.2K	+0.1%
EIXEdison International	0.26%	$18.7m	251.3K	−0.5% Reduced
NFLXNetflix	0.26%	$18.5m	259.0K	−23.6% Reduced
EOGEOG Resources	0.23%	$17.0m	130.9K	−0.6% Reduced
MOAltria	0.23%	$16.9m	234.9K	+1.5% Added
USBU.S. Bancorp	0.23%	$16.9m	279.3K	+1.7% Added
ITWIllinois Tool Works	0.23%	$16.8m	62.1K	+3.2% Added
ALLAllstate	0.23%	$16.8m	70.4K	+1.5% Added
HDThe Home Depot	0.23%	$16.7m	47.3K	+21.0% Added
AEPAmerican Electric Power	0.23%	$16.6m	121.2K	+0.8% Added
AMGNAmgen	0.23%	$16.4m	45.3K	+1.4% Added
KMIKinder Morgan	0.22%	$15.9m	498.1K	+0.7% Added
TSCOTractor Supply	0.21%	$15.6m	492.5K	New
JEFJefferies Financial Group Inc.	0.21%	$15.4m	308.9K	+2.5% Added
RTXRTX Corporation	0.21%	$15.4m	81.0K	+4.2% Added
SJMThe J.M. Smucker Company	0.21%	$15.2m	134.7K	+3.1% Added
UPSUnited Parcel Service	0.21%	$14.9m	138.7K	+2.2% Added
WFCWells Fargo	0.21%	$14.9m	180.3K	+4.5% Added
AREAlexandria Real Estate Equities	0.20%	$14.6m	276.9K	+5.0% Added
PRUPrudential Financial	0.20%	$14.4m	133.9K	+3.1% Added
IBMIBM	0.20%	$14.4m	51.2K	+6.3% Added
LYBLyondellBasell	0.20%	$14.1m	268.7K	−1.0% Reduced
KHCKraft Heinz	0.20%	$14.1m	597.3K	+3.8% Added
HIIHuntington Ingalls Industries	0.19%	$13.6m	48.5K	+14.6% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.10%	$7.3m	15.3K	+2.5% Added
CMCanadian Imperial Bank Of Commerce	0.09%	$6.7m	58.0K	+2.9% Added
RYRoyal Bank Of Canada	0.09%	$6.7m	32.2K	+3.9% Added
UBSUBS Group AG	0.09%	$6.6m	132.5K	+4.1% Added
SUSuncor Energy Inc	0.09%	$6.4m	119.1K	+2.9% Added
LMTLockheed Martin	0.09%	$6.2m	12.2K	+0.6% Added
NWGNatwest Group plc	0.09%	$6.2m	349.9K	+5.8% Added
LINLinde plc	0.08%	$6.1m	11.8K	+3.9% Added
HSBCHsbc Holdings PLC	0.08%	$6.0m	63.6K	+4.9% Added
CCEPCoca-cola Europacific Partners plc	0.08%	$5.9m	58.8K	+5.8% Added
AERAercap Holdings N.V.	0.08%	$5.8m	39.6K	+5.6% Added
SBSCompanhia DE Saneamento Basico DO Estado DE SAO Paulo-sabesp	0.08%	$5.7m	985.0K	+423.2% Added
AMCRAmcor	0.08%	$5.7m	130.9K	+14.4% Added
SHELShell plc	0.08%	$5.7m	73.1K	+4.8% Added
EMBJEmbraer S.a.	0.07%	$5.3m	83.5K	+9.1% Added
HUMHumana	0.07%	$5.3m	13.4K	−31.3% Reduced
JDJd.com, Inc.	0.07%	$5.2m	205.1K	+5.0% Added
ULUnilever PLC	0.07%	$5.2m	86.2K	+12.8% Added
TELTE Connectivity	0.07%	$5.1m	25.3K	+6.4% Added
CRHCRH plc	0.07%	$5.0m	46.7K	+8.0% Added
VODVodafone Group Public LTD Co	0.07%	$5.0m	375.2K	+5.8% Added
PUKPrudential PLC	0.07%	$5.0m	185.0K	+7.2% Added
PNFPPinnacle Financial Partners, Inc.	0.06%	$4.7m	46.3K	+10.6% Added
IRMIron Mountain	0.05%	$3.7m	29.6K	+12.0% Added
BABAAlibaba Group Holding Ltd	0.05%	$3.7m	38.1K	+12.2% Added
UALUnited Airlines Holdings	0.05%	$3.7m	26.9K	−3.8% Reduced
ULTAUlta Beauty	0.05%	$3.6m	7.9K	+1.2% Added
ORLYO'Reilly Automotive	0.05%	$3.5m	38.5K	−2.3% Reduced
TSLATesla, Inc.	0.05%	$3.5m	8.4K	+2.5% Added
PKPark Hotels & Resorts Inc.	0.05%	$3.5m	246.7K	+11.3% Added
EXEExpand Energy	0.05%	$3.5m	38.4K	+8.1% Added
GPNGlobal Payments	0.05%	$3.3m	45.6K	+156.9% Added
LPLALPL Financial Holdings Inc.	0.04%	$3.3m	11.7K	+7.1% Added
FLRFluor Corp	0.04%	$3.2m	61.7K	+10.0% Added
OKTAOkta, Inc.	0.04%	$3.2m	23.5K	+2.6% Added
CLHClean Harbors Inc	0.04%	$3.2m	10.7K	+5.0% Added
GBCIGlacier Bancorp, Inc.	0.04%	$3.0m	58.9K	+0.7% Added
FTNTFortinet	0.04%	$3.0m	19.6K	−6.9% Reduced
CUBECubesmart	0.04%	$3.0m	75.4K	+14.1% Added
BWXTBWX Technologies, Inc.	0.04%	$3.0m	15.4K	+9.6% Added
DOVDover Corporation	0.04%	$2.9m	13.0K	+10.6% Added
AALAmerican Airlines Group Inc.	0.04%	$2.8m	157.4K	New
TXTTextron	0.04%	$2.8m	30.7K	+11.5% Added
AYIAcuity Inc. (de)	0.04%	$2.8m	7.3K	New
COHRCoherent Corp.	0.04%	$2.6m	6.6K	−3.9% Reduced
AGCOAGCO Corp	0.04%	$2.6m	21.7K	+9.4% Added
CWSTCasella Waste Systems Inc	0.04%	$2.6m	26.7K	+3.6% Added
MCHPMicrochip Technology Inc	0.04%	$2.6m	28.2K	−16.5% Reduced
ALABAstera Labs, Inc.	0.03%	$2.5m	5.1K	+13.4% Added
AMGAffiliated Managers Group, Inc.	0.03%	$2.4m	7.1K	−26.4% Reduced
EWBCEast West Bancorp Inc	0.03%	$2.4m	18.5K	+11.0% Added
ASBAssociated Banc-corp	0.03%	$2.4m	77.3K	+11.5% Added
EXPEExpedia Group	0.03%	$2.4m	9.2K	+14.0% Added
DKSDick's Sporting Goods, Inc.	0.03%	$2.3m	10.4K	New
CNPCenterPoint Energy	0.03%	$2.3m	52.8K	+16.0% Added
ONONOn Holding AG	0.03%	$2.3m	64.8K	+14.0% Added
COOThe Cooper Companies	0.03%	$2.3m	31.8K	−22.2% Reduced
MDBMongodb, Inc.	0.03%	$2.3m	6.8K	−16.4% Reduced
FIVEFive Below, Inc	0.03%	$2.3m	12.5K	−6.9% Reduced
VSTVistra Corp.	0.03%	$2.2m	13.9K	+35.1% Added
CHKPCheck Point Software Technologies LTD	0.03%	$2.2m	16.7K	+17.4% Added
NDSNNordson Corporation	0.03%	$2.1m	7.1K	0.0%
RPMRPM International Inc	0.03%	$2.1m	18.9K	+14.2% Added
SKYDSkydance Corporation	0.03%	$2.1m	209.2K	New
RBRKRubrik, Inc.	0.03%	$2.1m	25.7K	+34.4% Added
CATCaterpillar Inc.	0.03%	$2.0m	1.9K	+19.0% Added
NBISNebius Group N.V.	0.03%	$2.0m	7.2K	+13.5% Added
CNRCore Natural Resources, Inc.	0.03%	$1.9m	24.1K	+0.1%

Company	Bought (value)	Shares
NVDANVIDIA Corporation	$43.8m	218.7K
CRWDCrowdStrike	$33.5m	43.9K
KLACKLA Corporation	$22.2m	73.6K
TSCOTractor Supply	$15.6m	492.5K
LLYLilly (Eli)	$9.3m	7.8K
BSXBoston Scientific	$9.0m	211.1K
GOOGLAlphabet Inc. (Class A)	$7.9m	22.0K
NOWServiceNow	$7.4m	74.1K
AVGOBroadcom	$6.3m	16.6K
APHAmphenol	$4.8m	27.2K
NEENextEra Energy	$4.7m	53.1K
SBSCompanhia DE Saneamento Basico DO Estado DE SAO Paulo-sabesp	$4.6m	796.8K
MLMMartin Marietta Materials	$4.5m	7.8K
LUVSouthwest Airlines	$4.5m	87.1K
ISRGIntuitive Surgical	$4.4m	11.0K

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

Company	Sold (value)	Shares
VRTXVertex Pharmaceuticals	−$18.6m	−41.7K
QCOMQualcomm	−$15.5m	−83.7K
PODDInsulet Corporation	−$15.2m	−72.7K
FLEXFlex Ltd.	−$14.4m	−220.2K
ABTAbbott Laboratories	−$11.5m	−126.4K
TGTTarget Corporation	−$5.8m	−44.5K
NFLXNetflix	−$5.7m	−80.1K
MSFTMicrosoft Corporation	−$5.5m	−14.7K
UNHUnitedHealth Group	−$5.0m	−12.1K
AMZNAmazon	−$4.7m	−19.7K
PWRQuanta Services	−$4.2m	−5.9K
ECLEcolab	−$3.7m	−13.1K
BKRBaker Hughes	−$2.6m	−47.2K
HLTHilton Worldwide	−$2.4m	−8.1K
HUMHumana	−$2.4m	−6.1K

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

Company	Value last quarter	Shares
VRTXVertex Pharmaceuticals	$18.6m	41.7K
PODDInsulet Corporation	$15.2m	72.7K
FLEXFlex Ltd.	$14.4m	220.2K
HLTHilton Worldwide	$2.4m	8.1K
TTWOTake TWO Interactive Software Inc	$2.1m	10.9K
RDDTReddit, Inc.	$1.4m	10.7K
MECMayville Engineering Company, Inc.	$307,017	17.1K
JKHYJack Henry & Associates Inc	$237,060	1.5K
JBLJabil	$235,348	886

Technology28.5%
Financials15.5%
Industrials10.4%
Health Care10.2%
Consumer Discretionary10.1%
Consumer Staples8.3%
Energy5.0%
Communication Services4.5%
Materials2.8%
Utilities2.4%
Real Estate2.2%

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 backtestOctober 14, 2016 to November 2, 2026	+13.1%	+15.2%	0.66	0.77	−33.0%	0.98
2018 onwardsJanuary 5, 2018 to November 2, 2026	+11.6%	+13.9%	0.54	0.66	−33.0%	0.98
Last three yearsNovember 3, 2023 to November 2, 2026	+19.2%	+21.8%	1.10	1.16	−15.6%	0.86
Last yearNovember 7, 2025 to November 2, 2026	+15.2%	+14.2%	1.07	0.84	−7.2%	0.77

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.