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Hedge fund

Marshall Wace, LLP

13F for the quarter to June 30, 2026, filed August 13, 2026 · SEC CIK 1318757

Reported value
$117.9bn
67% in companies we cover
Positions we cover
2,379
Largest AAPL 2.2%
Copy, a year
+13.4%
S&P 500 +13.9%
Copy Sharpe ratio
0.68
S&P 500 0.77

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $55.9k$52.8k
CopyS&P 500 $10,000 copying Marshall Wace, LLP's filed holdings in companies we cover from August 9, 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 −35.0% (S&P 500 −31.8%); beta 1.07; alpha −1.0% a year (t = −0.73); last 12 months +7.5% against +12.1%.

Reported value by quarter

Marshall Wace, LLP: 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 $10T $20T $30T $40T Reported value, 2013-06-30: $1.7B Reported value, 2014-03-31: $5.5B Reported value, 2014-06-30: $6.8B Reported value, 2014-09-30: $6.9B Reported value, 2014-12-31: $7.6B Reported value, 2015-03-31: $7.7B Reported value, 2015-06-30: $7.7B Reported value, 2015-09-30: $8.1B Reported value, 2015-12-31: $10.7B Reported value, 2016-03-31: $10.4B Reported value, 2016-06-30: $11.6B Reported value, 2016-09-30: $14B Reported value, 2016-12-31: $15.2B Reported value, 2017-03-31: $2.1B Reported value, 2017-06-30: $2.3B Reported value, 2017-09-30: $2.2B Reported value, 2017-12-31: $2.4B Reported value, 2018-03-31: $2.4B Reported value, 2018-06-30: $6.7B Reported value, 2018-09-30: $23.5B Reported value, 2018-12-31: $9.7B Reported value, 2019-03-31: $21.1B Reported value, 2019-06-30: $11.9B Reported value, 2019-09-30: $12B Reported value, 2019-12-31: $13.5B Reported value, 2020-03-31: $9.9B Reported value, 2020-06-30: $12.8B Reported value, 2020-09-30: $13.6B Reported value, 2020-12-31: $15.8B Reported value, 2021-03-31: $19B Reported value, 2021-06-30: $18.8B Reported value, 2021-09-30: $20B Reported value, 2021-12-31: $49.7B Reported value, 2022-03-31: $47.8B Reported value, 2022-06-30: $43.5B Reported value, 2022-09-30: $39.4B Reported value, 2022-12-31: $38.3T Reported value, 2023-03-31: $40.1B Reported value, 2023-06-30: $45.8B Reported value, 2023-09-30: $46.1B Reported value, 2023-12-31: $51.9B Reported value, 2024-03-31: $59.8B Reported value, 2024-06-30: $70B Reported value, 2024-09-30: $76.3B Reported value, 2024-12-31: $78.9B Reported value, 2025-03-31: $74.2B Reported value, 2025-06-30: $83.4B Reported value, 2025-09-30: $90.3B Reported value, 2025-12-31: $103B Reported value, 2026-03-31: $92.7B Reported value, 2026-06-30: $117.9B 2013-06-30 2016-06-30 2018-12-31 2021-06-30 2023-12-31 2026-06-30 $117.9B
View chart data
Period Reported value
2013-06-30 $1.7B
2014-03-31 $5.5B
2014-06-30 $6.8B
2014-09-30 $6.9B
2014-12-31 $7.6B
2015-03-31 $7.7B
2015-06-30 $7.7B
2015-09-30 $8.1B
2015-12-31 $10.7B
2016-03-31 $10.4B
2016-06-30 $11.6B
2016-09-30 $14B
2016-12-31 $15.2B
2017-03-31 $2.1B
2017-06-30 $2.3B
2017-09-30 $2.2B
2017-12-31 $2.4B
2018-03-31 $2.4B
2018-06-30 $6.7B
2018-09-30 $23.5B
2018-12-31 $9.7B
2019-03-31 $21.1B
2019-06-30 $11.9B
2019-09-30 $12B
2019-12-31 $13.5B
2020-03-31 $9.9B
2020-06-30 $12.8B
2020-09-30 $13.6B
2020-12-31 $15.8B
2021-03-31 $19B
2021-06-30 $18.8B
2021-09-30 $20B
2021-12-31 $49.7B
2022-03-31 $47.8B
2022-06-30 $43.5B
2022-09-30 $39.4B
2022-12-31 $38.3T
2023-03-31 $40.1B
2023-06-30 $45.8B
2023-09-30 $46.1B
2023-12-31 $51.9B
2024-03-31 $59.8B
2024-06-30 $70B
2024-09-30 $76.3B
2024-12-31 $78.9B
2025-03-31 $74.2B
2025-06-30 $83.4B
2025-09-30 $90.3B
2025-12-31 $103B
2026-03-31 $92.7B
2026-06-30 $117.9B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
AAPLApple Inc.2.23%$2.6bn9.08M+8.4% Added
AMZNAmazon1.92%$2.3bn9.51M+7.5% Added
AMDAdvanced Micro Devices1.92%$2.3bn3.90M+2.8% Added
NVDANVIDIA Corporation1.47%$1.7bn8.64M−36.8% Reduced
MUMicron Technology1.32%$1.6bn1.35M+49.6% Added
MSFTMicrosoft Corporation1.06%$1.2bn3.34M−0.9% Reduced
COSTCostco0.93%$1.1bn1.17M+345.3% Added
MSMorgan Stanley0.82%$971.8m4.65M+10.8% Added
TSLATesla, Inc.0.78%$920.4m2.19M+4.8% Added
TSMTaiwan Semiconductor Manufacturing Co LTD0.73%$864.6m1.81M−19.2% Reduced
GOOGLAlphabet Inc. (Class A)0.67%$790.1m2.21M−30.2% Reduced
HLTHilton Worldwide0.65%$766.4m2.32M−8.1% Reduced
UNHUnitedHealth Group0.65%$761.9m1.83M+30.0% Added
JNJJohnson & Johnson0.64%$759.3m2.99M+25.7% Added
ABBVAbbVie0.64%$752.5m2.99M+281757.9% Added
BACBank of America0.60%$711.3m12.48M+581.8% Added
KOThe Coca-Cola Company0.57%$669.7m8.24M+47.3% Added
JPMJPMorgan Chase0.55%$647.5m1.98M+11481.2% Added
ABTAbbott Laboratories0.43%$502.9m5.54M+175.6% Added
METAMeta Platforms0.43%$502.2m891.6K−7.9% Reduced
CMECME Group0.42%$494.9m2.24M+178.7% Added
BEBloom Energy0.42%$490.1m1.62M+56.9% Added
AXPAmerican Express0.41%$483.4m1.43M+1033.9% Added
IBMIBM0.41%$478.9m1.70M+491.2% Added
TXNTexas Instruments0.41%$477.8m1.60M+1004.6% Added
SNDKSandisk0.40%$475.7m209.2K−62.9% Reduced
FERGFerguson Enterprises0.40%$475.0m2.00M+145.7% Added
QCOMQualcomm0.39%$458.7m2.48M+10156.6% Added
AVGOBroadcom0.38%$446.5m1.18M−52.0% Reduced
MNSTMonster Beverage0.36%$422.6m4.40M+323.6% Added
CVXChevron Corporation0.36%$420.3m2.54M−39.3% Reduced
CSCOCisco0.35%$418.8m3.57M+783.7% Added
AMATApplied Materials0.35%$418.7m579.2K−48.2% Reduced
LLYLilly (Eli)0.34%$401.4m334.6K−41.9% Reduced
ADPAutomatic Data Processing0.34%$396.7m1.77M+274.8% Added
UBERUber0.33%$392.9m5.44M+144.1% Added
GLWCorning Inc.0.33%$386.3m1.51M−17.6% Reduced
GFSGlobalfoundries Inc.0.32%$377.6m4.58M−9.3% Reduced
UPSUnited Parcel Service0.31%$370.5m3.45M+205.0% Added
MOAltria0.31%$360.2m5.01M+43.5% Added
PHParker Hannifin0.30%$359.3m367.3K+2267.2% Added
TMUST-Mobile US0.30%$355.6m2.12M−10.5% Reduced
INTCIntel0.29%$348.2m2.49M−65.6% Reduced
HOODRobinhood Markets0.29%$343.9m3.43M+272.2% Added
CASYCasey's0.29%$338.7m426.1K−1.0% Reduced
CRMSalesforce0.27%$322.3m2.06M+255.4% Added
VRTVertiv0.27%$318.1m950.0K+2208.4% Added
PLTRPalantir Technologies Inc.0.26%$304.4m2.61M−11.8% Reduced
TPRTapestry, Inc.0.26%$300.4m2.05M+25.3% Added
WMTWalmart0.25%$297.5m2.63M+24.1% Added
CCitigroup0.25%$297.0m2.12M+302.6% Added
NEENextEra Energy0.25%$295.9m3.37M+349.3% Added
ADIAnalog Devices0.25%$295.2m743.3K−20.8% Reduced
LITELumentum0.25%$290.4m338.5K+13.0% Added
FIVEFive Below, Inc0.23%$276.4m1.54M+15.3% Added
LPLALPL Financial Holdings Inc.0.23%$274.8m975.6KNew
VRTXVertex Pharmaceuticals0.23%$270.2m543.9K+71.5% Added
SESea Ltd0.23%$266.6m2.78M+12.5% Added
LINLinde plc0.22%$264.1m509.0K+120.4% Added
NETCloudflare, Inc.0.22%$261.4m1.07M+8.0% Added
ASMLAsml Holding NV0.22%$259.2m130.3K−40.9% Reduced
WDCWestern Digital0.22%$255.7m400.3K−57.0% Reduced
NFLXNetflix0.22%$255.3m3.58M+6.7% Added
RDDTReddit, Inc.0.21%$253.0m1.46M−41.6% Reduced
PLDPrologis0.20%$237.9m1.76M+131.5% Added
SNOWSnowflake Inc.0.20%$232.3m912.8K+9389.9% Added
RTXRTX Corporation0.19%$227.5m1.20M+64.9% Added
NSCNorfolk Southern0.19%$223.8m711.5K+10.6% Added
FCXFreeport-McMoRan0.19%$223.1m3.55M+137.5% Added
AMTAmerican Tower0.19%$219.7m1.34M+78.8% Added
WATWaters Corporation0.18%$218.0m581.3K+156.2% Added
HUMHumana0.18%$216.9m546.0KNew
SOFISoFi Technologies, Inc.0.18%$209.7m11.70M+79.4% Added
DASHDoorDash0.17%$203.1m1.10M−9.3% Reduced
TSEMTower Semiconductor LTD0.17%$202.8m778.2K+83.5% Added
MARMarriott International0.17%$202.4m546.1K−47.2% Reduced
BTIBritish American Tobacco P.l.c.0.17%$202.0m3.27M−1.1% Reduced
CPRTCopart0.17%$201.8m7.16M+436.4% Added
MMM3M0.17%$198.3m1.22M+15.4% Added
LOWLowe's0.17%$196.4m890.7K+79.1% Added
RSGRepublic Services0.17%$196.0m919.6KNew
ASAmer Sports, Inc.0.17%$195.1m5.76M+17.0% Added
COFCapital One0.17%$194.4m969.1K−37.6% Reduced
SHOPShopify Inc.0.16%$186.5m1.63M−35.7% Reduced
PEPPepsiCo0.16%$185.4m1.37M+405.8% Added
FOXAFox Corporation (Class A)0.16%$183.9m3.53M+7111.2% Added
BTSGBrightspring Health Services, Inc.0.16%$183.8m2.64M−0.7% Reduced
PSXPhillips 660.16%$183.7m1.09M+40.8% Added
IRIngersoll Rand0.15%$182.1m2.22M+241.1% Added
CRCLCircle Internet Group, Inc.0.15%$181.7m2.90M−50.0% Reduced
APDAir Products0.15%$181.4m618.7K+70.2% Added
MRVLMarvell Technology0.15%$180.3m605.4K−80.4% Reduced
ABNBAirbnb0.15%$178.0m1.24M−59.0% Reduced
MRSHMarsh McLennan0.15%$173.9m1.04M+72.4% Added
CVNACarvana0.15%$172.9m2.63M+5624.6% Added
WINGWingstop Inc.0.14%$166.7m961.3KNew
PANWPalo Alto Networks0.14%$165.4m485.1K−15.7% Reduced
ACNAccenture0.14%$163.6m1.31M−13.0% Reduced
HPEHewlett Packard Enterprise0.14%$161.8m3.59M+2321.3% Added
FDXFedEx0.14%$161.2m514.7K+135.6% Added
AZNAstrazeneca PLC0.14%$159.5m841.2K+70.8% Added
DOWDow Inc.0.14%$159.3m5.82M+1.6% Added
CBRECBRE Group0.13%$157.2m1.17M+791.4% Added
ODFLOld Dominion0.13%$154.6m713.7K+1773.7% Added
GRMNGarmin0.13%$154.3m649.5K+15.2% Added
BCBrunswick Corp0.13%$154.2m1.83M+22.6% Added
FTNTFortinet0.13%$148.7m967.9K0.0%
INCYIncyte0.13%$148.5m1.31M+4.5% Added
DGDollar General0.13%$147.9m1.28M−42.4% Reduced
FTVFortive0.13%$147.9m2.42M+199.5% Added
SOLSSolstice Advanced Materials Inc.0.13%$147.8m1.67M+25.1% Added
APOApollo Global Management0.12%$146.3m1.24M+460.0% Added
HIMSHims & Hers Health, Inc.0.12%$146.2m4.22M+482.4% Added
KDPKeurig Dr Pepper0.12%$145.3m4.44M+377.0% Added
DTEDTE Energy0.12%$144.6m948.9K−30.6% Reduced
ORCLOracle Corporation0.12%$141.9m968.1K+64.6% Added
ATIATI Inc0.12%$139.9m709.6K+32.3% Added
BOOTBoot Barn Holdings, Inc.0.12%$138.2m841.1K+145.3% Added
RPRXRoyalty Pharma plc0.12%$137.4m2.45M+15.6% Added
SHWSherwin-Williams0.12%$137.2m398.6K+66.5% Added
QGENQiagen N.V.0.12%$135.9m3.49M+342.0% Added
SMCISupermicro0.12%$135.5m4.62M−35.7% Reduced
WHWyndham Hotels & Resorts, Inc.0.11%$133.8m1.59M+112.3% Added
ADBEAdobe Inc.0.11%$133.1m649.4K+78.9% Added
MUSAMurphy USA Inc.0.11%$132.5m245.8K+20.2% Added
HHyatt Hotels Corp0.11%$131.8m679.8K−5.7% Reduced
IPInternational Paper0.11%$130.8m3.43M+340.6% Added
AVTRAvantor, Inc.0.11%$130.0m13.13M+281.9% Added
CCLCarnival Corporation0.11%$129.2m4.52M+41.6% Added
URIUnited Rentals0.11%$127.8m112.8K+14.9% Added
DKSDick's Sporting Goods, Inc.0.11%$126.6m558.2K+2702.1% Added
FFord Motor Company0.11%$124.8m8.98M+61.7% Added
LYVLive Nation Entertainment0.11%$124.6m680.2K+9628.2% Added
RIVNRivian Automotive, Inc. / DE0.11%$124.4m7.17M+96.1% Added
IONQIonQ, Inc.0.10%$124.0m2.33M+24926.1% Added
ONONOn Holding AG0.10%$123.7m3.49M+176.3% Added
GLBEGlobal-e Online Ltd.0.10%$123.7m3.56M+14.5% Added
BLKBlackRock0.10%$123.1m128.1KNew
STZConstellation Brands0.10%$122.8m883.1K−20.1% Reduced
VVVValvoline Inc0.10%$122.5m3.10M+83.4% Added
EQHEquitable Holdings, Inc.0.10%$122.0m2.78M+37.5% Added
NUNu Holdings Ltd.0.10%$121.6m9.10M−10.4% Reduced
PPGPPG Industries0.10%$121.3m1.00M−19.6% Reduced
PWRQuanta Services0.10%$118.7m164.8K+434.7% Added
NEMNewmont0.10%$118.2m1.27M+265.5% Added
WFCWells Fargo0.10%$116.9m1.41M+2839.8% Added
OLEDUniversal Display Corp \pa\0.10%$116.0m1.34M+101.3% Added
ENTGEntegris Inc0.10%$112.2m623.8K+55.1% Added
WELLWelltower0.10%$111.6m491.6K−27.3% Reduced
ROKURoku, Inc0.09%$109.9m795.7K−20.3% Reduced
CompanyBought (value)Shares
COSTCostco$852.0m910.7K
ABBVAbbVie$752.3m2.99M
JPMJPMorgan Chase$641.9m1.96M
BACBank of America$607.0m10.65M
MUMicron Technology$516.3m447.3K
QCOMQualcomm$454.2m2.46M
AXPAmerican Express$440.8m1.30M
TXNTexas Instruments$434.5m1.46M
IBMIBM$397.9m1.41M
CSCOCisco$371.4m3.16M
PHParker Hannifin$344.1m351.8K
MNSTMonster Beverage$322.8m3.36M
ABTAbbott Laboratories$320.4m3.53M
CMECME Group$317.4m1.44M
VRTVertiv$304.3m908.8K

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

CompanySold (value)Shares
NVDANVIDIA Corporation−$1.0bn−5.03M
SNDKSandisk−$808.0m−355.4K
MRVLMarvell Technology−$741.7m−2.49M
INTCIntel−$664.9m−4.76M
MELIMercadolibre Inc−$524.9m−309.3K
AVGOBroadcom−$484.1m−1.28M
APHAmphenol−$392.8m−2.23M
AMATApplied Materials−$389.8m−539.1K
PFEPfizer−$368.0m−15.28M
GOOGLAlphabet Inc. (Class A)−$341.3m−955.2K
WDCWestern Digital−$339.2m−531.0K
ROSTRoss Stores−$336.7m−1.58M
MRKMerck & Co.−$334.2m−2.78M
LLYLilly (Eli)−$289.7m−241.5K
CVXChevron Corporation−$271.7m−1.64M

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

CompanyValue last quarterShares
MRKMerck & Co.$334.2m2.78M
SRESempra$132.0m1.36M
PODDInsulet Corporation$127.3m606.5K
RKLBRocket Lab Corp$120.8m1.88M
KMBKimberly-Clark$114.1m1.18M
JBLJabil$84.7m318.8K
CHWYChewy, Inc.$83.9m3.11M
WMBWilliams Companies$75.1m1.03M
TIGOMillicom International Cellular SA$69.3m924.1K
CECelanese Corp$68.6m1.04M
HEIHeico Corp$65.5m239.1K
GEGE Aerospace$65.4m230.4K
MCKMcKesson$64.5m74.5K
USBU.S. Bancorp$62.5m1.20M
MTBM&T Bank$62.4m301.6K
ETNEaton Corporation$48.0m134.1K
OTISOtis Worldwide$46.9m607.9K
EDConsolidated Edison$46.3m409.3K
AWKAmerican Water Works$43.6m320.3K
PAASPAN American Silver Corp$42.7m781.3K
PGRProgressive Corporation$42.7m215.2K
TERTeradyne$38.8m131.0K
SWKSSkyworks Solutions, Inc.$37.2m694.9K
RRCRange Resources Corp$36.9m816.7K
CTASCintas$35.2m208.0K
VRSNVerisign Inc$35.2m141.5K
EVREvercore Inc.$32.7m109.6K
CINFCincinnati Financial$32.5m206.6K
ALLAllstate$32.3m156.0K
HTHTH World Group Ltd$31.5m627.1K
  • Technology30.7%
  • Consumer Discretionary13.4%
  • Health Care12.9%
  • Financials11.5%
  • Industrials11.3%
  • Consumer Staples6.2%
  • Communication Services4.8%
  • Materials3.3%
  • Energy2.3%
  • Real Estate2.2%
  • Utilities1.4%

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

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 9, 2013 to November 2, 2026+13.4%+13.9%0.680.77−35.0%1.07
2018 onwardsJanuary 5, 2018 to November 2, 2026+11.1%+13.9%0.490.66−35.0%1.07
Last three yearsNovember 3, 2023 to November 2, 2026+19.7%+21.8%0.951.16−19.3%1.06
Last yearNovember 7, 2025 to November 2, 2026+10.4%+14.2%0.490.84−11.2%1.07

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.