Institution

Nuveen Asset Management, LLC

13F for December 31, 2024, filed February 14, 2025 · SEC CIK 1521019 · Holdings history from March 31, 2011

The latest available holdings for this manager are dated December 31, 2024.

Reported value: $354.1bn
Positions we cover: 2,750
Copy, a year: +13.9%
Copy Sharpe ratio: 0.77

Copy-performance statistics: August 19, 2011 to May 30, 2025. Holdings history can start earlier than the price data used for performance.

Historical holdings

Holdings across the available history, including securities outside our stock coverage. Select a date to view the holdings for that period.

Related reporting managers

SEC notices identify these reporting relationships. Each manager retains its own holdings history; changes in reporting scope can involve several managers.

Reports holdings for TIAA Cref Investment Management LLC · SEC notice for June 30, 2019
Reports holdings for Teachers Advisors, LLC · SEC notice for June 30, 2019
Reports holdings for Santa Barbara Asset Management, LLC · SEC notice for September 30, 2019
Reports holdings for Teachers Insurance & Annuity Association Of America · SEC notice for December 31, 2020
Reports holdings for Nwq Investment Management Company, LLC · SEC notice for December 31, 2020
Holdings reported by Nuveen, LLC · SEC notice for March 31, 2025

Holdings date Find a security

3,324 reported entries for December 31, 2024.

Issuer	Class / type	Reported value	Quantity
YUM BRANDS INC988498101 · YUM	COM	$92.3m	687,886
YUM CHINA HLDGS INC98850P109 · YUMC	COM	$58.7m	1,218,486
ZIMVIE INC98888T107	COM	$1.2m	83,423
ZEBRA TECHNOLOGIES CORPORATI989207105 · ZBRA	CL A	$54.9m	142,104
ZENAS BIOPHARMA INC98937L105 · ZBIO	COM	$163,055	19,909
ZENTALIS PHARMACEUTICALS INC98943L107 · ZNTL	COM	$1.9m	641,407
ZILLOW GROUP INC98954M101 · Z	CL A	$10.0m	140,732
ZILLOW GROUP INC98954M200 · Z	CL C CAP STK	$29.1m	392,366
MAXIMUS INC577933104 · MMS	COM	$20.7m	277,944
BLACKROCK MUNIHOLDINGS QUALI09254C107	COM	$149,180	14,918
BLACKROCK MUNIYILD QULT FD I09254F100	COM	$984,753	85,482
BLACKROCK MUNIYIELD QUALITY09254G108	COM	$474,986	48,173
BLACKROCK MUNIHLDGS NJ QLTY09254X101	COM	$128,412	11,600
BLACKSTONE MTG TR INC09257W100 · BXMT	COM CL A	$14.2m	813,466
BLACKSTONE INC09260D107 · BX	COM	$389.1m	2,256,604
BLACKSKY TECHNOLOGY INC09263B207 · BKSY	CL A NEW	$786,483	72,890
BLADE AIR MOBILITY INC092667104 · SRTA	CL A COM	$4.6m	1,081,180
BLACKROCK INC09290D101 · BLK	COM	$615.4m	600,283
BLEND LABS INC09352U108 · BLND	CL A	$2.7m	642,840
BLINK CHARGING CO09354A100 · BLNK	COM	$1.0m	729,031
BLOCK H & R INC093671105 · HRB	COM	$34.3m	649,361
BLOOM ENERGY CORP093712107 · BE	COM CL A	$11.7m	525,121
PENNYMAC FINL SVCS INC NEW70932M107 · PFSI	COM	$10.8m	105,969
PENSKE AUTOMOTIVE GRP INC70959W103 · PAG	COM	$5.8m	37,720
PENUMBRA INC70975L107 · PEN	COM	$23.6m	99,176
PEOPLES BANCORP INC709789101 · PEBO	COM	$5.8m	184,074
PEOPLES BANCORP N C INC710577107 · PEBK	COM	$277,375	8,876
PEOPLES FINL SVCS CORP711040105 · PFIS	COM	$1.4m	28,321
PEPGEN INC713317105 · PEPG	COM	$108,231	28,557
PEPSICO INC713448108 · PEP	COM	$1.2bn	7,998,264
PERDOCEO ED CORP71363P106 · PRDO	COM	$11.3m	427,832
PERELLA WEINBERG PARTNERS71367G102 · PWP	CLASS A COM	$5.1m	213,893
D-WAVE QUANTUM INC26740W109 · QBTS	COM	$4.0m	481,708
DYCOM INDS INC267475101 · DY	COM	$28.6m	164,516
DYNATRACE INC268150109 · DT	COM NEW	$67.4m	1,240,119
FIDELITY NATIONAL FINANCIAL31620R303 · FNF	FNF GROUP COM	$153.8m	2,739,726
AMERICAN SUPERCONDUCTOR CORP030111207 · AMSC	SHS NEW	$21.6m	878,624
AMERICAN TOWER CORP NEW03027X100 · AMT	COM	$875.5m	4,773,571
AMERICAN VANGUARD CORP030371108 · AVD	COM	$464,634	100,353
AMERICAN WTR WKS CO INC NEW030420103 · AWK	COM	$86.6m	695,392
AMERICAN WOODMARK CORPORATIO030506109	COM	$3.4m	43,135
AMERICAS CAR-MART INC03062T105 · CRMT	COM	$863,101	16,841
AMERICOLD REALTY TRUST INC03064D108 · COLD	COM	$37.9m	1,772,242
AMERISAFE INC03071H100 · AMSF	COM	$8.3m	161,815
CENCORA INC03073E105 · COR	COM	$153.8m	684,455
AMERIPRISE FINL INC03076C106 · AMP	COM	$605.0m	1,136,220
AMERIS BANCORP03076K108 · ABCB	COM	$66.4m	1,061,890
AMES NATL CORP031001100 · ATLO	COM	$239,681	14,588
AMETEK INC031100100 · AME	COM	$157.5m	873,475
AMGEN INC031162100 · AMGN	COM	$631.6m	2,423,275
AMICUS THERAPEUTICS INC03152W109	COM	$35.9m	3,807,420
AMKOR TECHNOLOGY INC031652100 · AMKR	COM	$7.3m	282,485
AMNEAL PHARMACEUTICALS INC03168L105 · AMRX	COM STK CL A	$21.7m	2,735,743
SYNOPSYS INC871607107 · SNPS	COM	$821.0m	1,691,501
SYNOVUS FINL CORP87161C501	COM NEW	$16.1m	314,342
TD SYNNEX CORPORATION87162W100 · SNX	COM	$141.9m	1,210,036
SYNDAX PHARMACEUTICALS INC87164F105 · SNDX	COM	$5.7m	434,058
SYNCHRONY FINANCIAL87165B103 · SYF	COM	$153.2m	2,356,862
TRAVELERS COMPANIES INC89417E109 · TRV	COM	$294.4m	1,222,053
TRAVERE THERAPEUTICS INC89422G107 · TVTX	COM	$30.4m	1,743,190
TREACE MED CONCEPTS INC89455T109 · TMCI	COM	$3.5m	472,840
TREDEGAR CORP894650100 · TG	COM	$1.8m	240,720
TREEHOUSE FOODS INC89469A104	COM	$4.9m	140,547
TREX CO INC89531P105 · TREX	COM	$19.6m	283,437
TREVI THERAPEUTICS INC89532M101 · TRVI	COM	$396,962	96,350
TRICO BANCSHARES896095106 · TCBK	COM	$3.9m	89,264
TRIMAS CORP896215209 · TRS	COM NEW	$2.8m	114,974
TRIMBLE INC896239100 · TRMB	COM	$132.8m	1,878,991
TRINET GROUP INC896288107 · TNET	COM	$19.2m	211,228
TRINITY INDS INC896522109 · TRN	COM	$28.8m	819,337
TRIUMPH FINANCIAL INC89679E300 · TFIN	COM	$5.4m	58,977
TRIPLE FLAG PRECIOUS METAL89679M104 · TFPM	COM	$617,227	41,097
TRIUMPH GROUP INC NEW896818101	COM	$4.6m	248,644
TRIPADVISOR INC896945201 · TRIP	COM	$23.7m	1,607,302
TRUECAR INC89785L107	COM	$941,288	252,356
KEYSIGHT TECHNOLOGIES INC49338L103 · KEYS	COM	$184.3m	1,147,577
KFORCE INC493732101 · KFRC	COM	$5.2m	91,712
KILROY RLTY CORP49427F108 · KRC	COM	$19.8m	490,078
KIMBALL ELECTRONICS INC49428J109 · KE	COM	$1.6m	86,425
KIMBERLY-CLARK CORP494368103 · KMB	COM	$93.5m	713,424
KIMCO RLTY CORP49446R109 · KIM	COM	$351.5m	15,000,185
KIMCO RLTY CORP49446R687	DP CV CL N 7.25%	$2.5m	41,140
KINDER MORGAN INC DEL49456B101 · KMI	COM	$213.4m	7,788,045
KINDERCARE LEARNING COMPANIE49456W105 · KLC	COM	$638,895	35,893
KINROSS GOLD CORP496902404	COM	$9.7m	1,040,834
KINGSWAY FINL SVCS INC496904202 · KWY	COM NEW	$129,978	15,529
KINSALE CAP GROUP INC49714P108 · KNSL	COM	$48.1m	103,497
KIRBY CORP497266106 · KEX	COM	$28.2m	266,102
KITE RLTY GROUP TR49803T300 · KRG	COM NEW	$81.8m	3,240,179
KLAVIYO INC49845K101 · KVYO	COM SER A	$12.5m	304,126
KNIFE RIVER CORP498894104 · KNF	COMMON STOCK	$51.8m	509,408
KNIGHT-SWIFT TRANSN HLDGS IN499049104 · KNX	CL A	$24.9m	469,278
NEWMARK GROUP INC65158N102 · NMRK	CL A	$19.1m	1,488,470
PBF ENERGY INC69318G106 · PBF	CL A	$15.1m	568,901
PC CONNECTION INC69318J100 · CNXN	COM	$7.8m	113,261
PCB BANCORP69320M109 · PCB	COM	$411,095	20,311
PDF SOLUTIONS INC693282105 · PDFS	COM	$3.7m	137,410
PG&E CORP69331C108 · PCG	COM	$161.0m	7,979,868
PG&E CORP69331C306	PFD CONV SER A	$3.5m	70,000
PJT PARTNERS INC69343T107 · PJT	COM CL A	$14.5m	91,795

Values use the units disclosed in the source. Where a dollar scale cannot be established, the original amount is shown as filed. Rows may include separate allocations, options and principal amounts; these are kept separate from the covered-stock portfolio used for performance.

How copying its 13F would have done

CopyS&P 500 $10,000 copying Nuveen Asset Management, LLC's usable filed holdings in companies we cover from August 19, 2011, rebalancing at the first weekly close after each usable filing and holding until the next, against the S&P 500 (total return). Missing prices carry their last observed value. 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 −33.4% (S&P 500 −31.8%); beta 1.02; alpha −0.9% a year (t = −0.96); last 12 months +12.6% against +12.7%.

Reported value by quarter

Nuveen Asset Management, LLC: 13F reported value Total reported value where the source's dollar units can be established. Earlier filings in thousands of dollars are converted; dates with unresolved value units are omitted.

View chart data

Period	Reported value
2013-06-30	$14.9B
2013-09-30	$15.4B
2013-12-31	$15.5B
2014-03-31	$16.7B
2014-06-30	$16.5B
2014-09-30	$16.3B
2014-12-31	$17.8B
2015-03-31	$18.2B
2015-06-30	$18.7B
2015-09-30	$17.6B
2015-12-31	$19.4B
2016-03-31	$19.1B
2016-06-30	$16.3B
2016-09-30	$17.1B
2016-12-31	$19.7B
2017-03-31	$16.8B
2017-06-30	$15.6B
2017-09-30	$15.3B
2017-12-31	$15.6B
2018-03-31	$15.3B
2018-06-30	$15.9B
2018-09-30	$18.8B
2018-12-31	$15.8B
2019-03-31	$18.7B
2019-06-30	$253.9B
2019-09-30	$247.1B
2019-12-31	$263.7B
2020-03-31	$205.4B
2020-06-30	$245.7B
2020-09-30	$260.1B
2020-12-31	$295.4B
2021-03-31	$314.5B
2021-06-30	$335.5B
2021-09-30	$324.7B
2021-12-31	$338B
2022-03-31	$308.6B
2022-06-30	$258.5B
2022-09-30	$246.8B
2023-06-30	$287.4B
2023-09-30	$284B
2023-12-31	$311B
2024-03-31	$337B
2024-06-30	$342B
2024-09-30	$356.2B
2024-12-31	$354.1B

Latest covered holdings and moves

Covered holdings as of December 31, 2024.

Company	Share of portfolio	Value	Shares	Change in shares
MSFTMicrosoft Corporation	6.00%	$21.3bn	50.43M	−1.5% Reduced
NVDANVIDIA Corporation	5.79%	$20.5bn	152.75M	−6.6% Reduced
AAPLApple Inc.	5.67%	$20.1bn	80.18M	−2.9% Reduced
AMZNAmazon	3.89%	$13.8bn	62.74M	−3.1% Reduced
AVGOBroadcom	2.55%	$9.0bn	39.00M	−2.1% Reduced
METAMeta Platforms	2.33%	$8.3bn	14.11M	−12.2% Reduced
TSLATesla, Inc.	1.50%	$5.3bn	13.11M	+19.8% Added
GOOGLAlphabet Inc. (Class A)	1.42%	$5.0bn	26.48M	−4.9% Reduced
LLYLilly (Eli)	1.13%	$4.0bn	5.20M	+2.7% Added
MAMastercard	1.13%	$4.0bn	7.61M	+1.0% Added
JPMJPMorgan Chase	1.08%	$3.8bn	15.97M	−2.1% Reduced
UNHUnitedHealth Group	1.02%	$3.6bn	7.13M	+2.0% Added
COSTCostco	0.91%	$3.2bn	3.50M	−0.5%
VVisa Inc.	0.90%	$3.2bn	10.10M	−4.3% Reduced
CRMSalesforce	0.81%	$2.9bn	8.60M	+1.3% Added
WMTWalmart	0.76%	$2.7bn	29.84M	+0.8% Added
NOWServiceNow	0.70%	$2.5bn	2.34M	+4.9% Added
HDThe Home Depot	0.64%	$2.2bn	5.78M	−1.5% Reduced
NFLXNetflix	0.58%	$2.1bn	2.31M	−5.3% Reduced
LINLinde plc	0.58%	$2.1bn	4.90M	−8.0% Reduced
BKNGBooking Holdings	0.56%	$2.0bn	401.1K	−11.9% Reduced
PGProcter & Gamble	0.54%	$1.9bn	11.41M	−3.2% Reduced
ISRGIntuitive Surgical	0.51%	$1.8bn	3.43M	−2.2% Reduced
WFCWells Fargo	0.49%	$1.7bn	24.76M	−16.9% Reduced
AXPAmerican Express	0.48%	$1.7bn	5.69M	−0.2%
DISThe Walt Disney Company	0.46%	$1.6bn	14.56M	−3.5% Reduced
ABBVAbbVie	0.46%	$1.6bn	9.09M	−4.4% Reduced
ETNEaton Corporation	0.44%	$1.6bn	4.67M	+4.3% Added
NEENextEra Energy	0.41%	$1.4bn	20.01M	−0.5%
FISVFiserv	0.40%	$1.4bn	6.94M	+5.2% Added
PLDPrologis	0.40%	$1.4bn	13.34M	−3.7% Reduced
ORCLOracle Corporation	0.39%	$1.4bn	8.25M	−3.8% Reduced
ACNAccenture	0.38%	$1.3bn	3.82M	+16.6% Added
TJXTJX Companies	0.38%	$1.3bn	11.07M	−3.6% Reduced
MCDMcDonald's	0.38%	$1.3bn	4.60M	+5.2% Added
PGRProgressive Corporation	0.36%	$1.3bn	5.36M	−3.8% Reduced
PMPhilip Morris International	0.36%	$1.3bn	10.56M	−4.2% Reduced
JNJJohnson & Johnson	0.36%	$1.3bn	8.72M	−5.0% Reduced
SBUXStarbucks	0.35%	$1.3bn	13.73M	−4.4% Reduced
ABTAbbott Laboratories	0.35%	$1.3bn	11.06M	−0.3%
ANETArista Networks	0.35%	$1.2bn	11.29M	+330.8% Added
BABoeing	0.35%	$1.2bn	6.96M	+8.1% Added
BACBank of America	0.35%	$1.2bn	27.84M	−3.1% Reduced
PEPPepsiCo	0.34%	$1.2bn	8.00M	+0.9% Added
MRKMerck & Co.	0.34%	$1.2bn	12.09M	−8.9% Reduced
CVXChevron Corporation	0.32%	$1.1bn	7.84M	+3.1% Added
PANWPalo Alto Networks	0.32%	$1.1bn	6.16M	+98.0% Added
SWSmurfit Westrock	0.32%	$1.1bn	20.72M	+51.6% Added
SPGIS&P Global	0.31%	$1.1bn	2.18M	+11.4% Added
INTUIntuit	0.30%	$1.1bn	1.69M	−13.2% Reduced
KOThe Coca-Cola Company	0.30%	$1.1bn	17.07M	−4.9% Reduced
MRVLMarvell Technology	0.29%	$1.0bn	9.36M	+232.2% Added
UNPUnion Pacific Corporation	0.28%	$997.1m	4.37M	+2.1% Added
CMCSAComcast	0.28%	$977.9m	26.06M	+1.9% Added
KKRKKR & Co.	0.28%	$973.9m	6.58M	+106.2% Added
MRSHMarsh McLennan	0.28%	$973.2m	4.58M	+7.2% Added
CCitigroup	0.27%	$947.1m	13.45M	+0.3%
GSGoldman Sachs	0.27%	$941.4m	1.64M	−8.6% Reduced
DHRDanaher Corporation	0.26%	$934.0m	4.07M	+2.8% Added
CSCOCisco	0.26%	$917.4m	15.50M	+19.1% Added
UBERUber	0.26%	$913.3m	15.14M	−7.0% Reduced
TAT&T	0.26%	$912.4m	40.07M	−1.4% Reduced
AMATApplied Materials	0.26%	$907.0m	5.58M	−31.3% Reduced
BSXBoston Scientific	0.25%	$886.9m	9.93M	−12.4% Reduced
AMTAmerican Tower	0.25%	$875.5m	4.77M	−4.1% Reduced
TTTrane Technologies	0.24%	$861.6m	2.33M	+1.6% Added
PHParker Hannifin	0.24%	$843.6m	1.33M	−8.5% Reduced
EMREmerson Electric	0.23%	$827.6m	6.68M	−12.9% Reduced
SNPSSynopsys Inc	0.23%	$821.0m	1.69M	+12.1% Added
RTXRTX Corporation	0.23%	$803.9m	6.95M	+0.5% Added
LOWLowe's	0.23%	$801.7m	3.25M	−10.6% Reduced
CATCaterpillar Inc.	0.23%	$797.5m	2.20M	−6.4% Reduced
BNYBNY Mellon	0.22%	$785.1m	10.22M	−2.0% Reduced
EQIXEquinix	0.22%	$781.9m	829.3K	−0.2%
TSMTaiwan Semiconductor Manufacturing Co LTD	0.22%	$778.8m	3.94M	+11.6% Added
TXNTexas Instruments	0.21%	$759.6m	4.05M	+1.2% Added
ELVElevance Health	0.21%	$746.0m	2.02M	−22.5% Reduced
SHOPShopify Inc.	0.21%	$743.7m	6.99M	−7.6% Reduced
ADBEAdobe Inc.	0.21%	$737.7m	1.66M	−3.1% Reduced
IBMIBM	0.21%	$735.3m	3.34M	−4.6% Reduced
MSIMotorola Solutions	0.20%	$718.4m	1.55M	+15.7% Added
PYPLPayPal	0.20%	$712.3m	8.35M	−1.5% Reduced
MSMorgan Stanley	0.20%	$688.8m	5.48M	−5.6% Reduced
CMGChipotle Mexican Grill	0.19%	$687.1m	11.39M	−1.2% Reduced
ADIAnalog Devices	0.19%	$684.3m	3.22M	+9.0% Added
CICigna	0.19%	$672.8m	2.44M	−3.8% Reduced
CARRCarrier Global	0.19%	$670.6m	9.82M	−15.9% Reduced
COPConocoPhillips	0.19%	$665.1m	6.71M	−8.0% Reduced
MDLZMondelez International	0.18%	$651.0m	10.90M	−8.8% Reduced
ZTSZoetis	0.18%	$642.1m	3.94M	−15.7% Reduced
VLOValero Energy	0.18%	$635.9m	5.19M	−9.0% Reduced
DXCMDexcom	0.18%	$632.9m	8.14M	+0.6% Added
AMGNAmgen	0.18%	$631.6m	2.42M	−34.2% Reduced
BLKBlackRock	0.17%	$615.4m	600.3K	−1.5% Reduced
CRHCRH plc	0.17%	$613.7m	6.63M	−1.3% Reduced
SPGSimon Property Group	0.17%	$612.4m	3.56M	−16.6% Reduced
VZVerizon	0.17%	$609.2m	15.23M	−1.4% Reduced
CTVACorteva, Inc.	0.17%	$605.8m	10.64M	−24.6% Reduced
AMPAmeriprise Financial	0.17%	$605.0m	1.14M	−15.8% Reduced
WELLWelltower	0.17%	$603.8m	4.79M	−1.0% Reduced
TMOThermo Fisher Scientific	0.17%	$589.8m	1.13M	−8.5% Reduced
BMYBristol Myers Squibb	0.17%	$589.4m	10.42M	+16.1% Added
TMUST-Mobile US	0.17%	$588.1m	2.66M	−8.2% Reduced
CRWDCrowdStrike	0.16%	$576.9m	1.69M	+4.0% Added
GEGE Aerospace	0.16%	$576.0m	3.45M	+32.1% Added
HCAHCA Healthcare	0.16%	$560.0m	1.87M	+4.5% Added
ICEIntercontinental Exchange	0.16%	$557.4m	3.74M	−9.2% Reduced
AMDAdvanced Micro Devices	0.15%	$540.4m	4.47M	−42.4% Reduced
NVONovo Nordisk A S	0.15%	$537.2m	6.24M	+73.2% Added
APHAmphenol	0.15%	$528.8m	7.61M	+20.8% Added
ADPAutomatic Data Processing	0.15%	$526.5m	1.80M	−4.8% Reduced
SYKStryker Corporation	0.15%	$525.8m	1.46M	−11.4% Reduced
DUKDuke Energy	0.15%	$521.3m	4.84M	+14.8% Added
DOVDover Corporation	0.14%	$513.6m	2.74M	−4.4% Reduced
ROPRoper Technologies	0.14%	$513.1m	986.9K	−10.4% Reduced
DEDeere & Company	0.14%	$502.8m	1.19M	−6.7% Reduced
PTCPTC Inc.	0.14%	$495.8m	2.70M	−0.7% Reduced
DLRDigital Realty	0.14%	$490.9m	2.77M	−5.0% Reduced
NKENike, Inc.	0.14%	$486.5m	6.43M	+20.4% Added
AIGAmerican International Group	0.14%	$484.7m	6.66M	−26.2% Reduced
GILDGilead Sciences	0.14%	$481.1m	5.21M	+16.2% Added
LNTAlliant Energy	0.14%	$477.4m	8.07M	−2.1% Reduced
SCHWCharles Schwab Corporation	0.13%	$474.4m	6.41M	−50.9% Reduced
PWRQuanta Services	0.13%	$465.7m	1.47M	−1.6% Reduced
FANGDiamondback Energy	0.13%	$464.8m	2.84M	−27.6% Reduced
WDAYWorkday, Inc.	0.13%	$463.7m	1.80M	−12.4% Reduced
LRCXLam Research	0.13%	$456.3m	6.32M	+417.5% Added
CBChubb Limited	0.13%	$456.1m	1.65M	−25.0% Reduced
ORLYO'Reilly Automotive	0.13%	$454.9m	383.6K	−8.2% Reduced
FLUTFlutter Entertainment plc	0.13%	$454.5m	1.75M	−4.2% Reduced
SOSouthern Company	0.13%	$451.9m	5.49M	−11.4% Reduced
ACGLArch Capital Group	0.13%	$451.5m	4.89M	+1.9% Added
QCOMQualcomm	0.13%	$450.5m	2.93M	−23.7% Reduced
VRSKVerisk Analytics, Inc.	0.13%	$445.5m	1.62M	−10.3% Reduced
INTCIntel	0.13%	$445.1m	22.20M	+2.7% Added
AEPAmerican Electric Power	0.12%	$435.3m	4.72M	0.0%
APOApollo Global Management	0.12%	$429.4m	2.60M	+71.4% Added
VRTXVertex Pharmaceuticals	0.12%	$423.3m	1.05M	+33.2% Added
URIUnited Rentals	0.12%	$422.1m	599.2K	−3.4% Reduced
NOCNorthrop Grumman	0.12%	$413.0m	880.0K	+15.3% Added
EOGEOG Resources	0.12%	$410.3m	3.35M	−0.4%
MCKMcKesson	0.11%	$404.2m	709.2K	−4.3% Reduced
PFEPfizer	0.11%	$402.2m	15.16M	−3.9% Reduced
UPSUnited Parcel Service	0.11%	$401.3m	3.18M	−10.3% Reduced
TEAMAtlassian Corp	0.11%	$397.3m	1.63M	−11.2% Reduced
GWWW. W. Grainger	0.11%	$396.9m	376.6K	−6.6% Reduced
OKEOneok	0.11%	$395.7m	3.94M	−0.8% Reduced
PLTRPalantir Technologies Inc.	0.11%	$394.8m	5.22M	+6.8% Added
FITBFifth Third Bancorp	0.11%	$392.9m	9.29M	−0.1%
BXBlackstone Inc.	0.11%	$389.1m	2.26M	+20.2% Added

Company	Bought (value)	Shares
ANETArista Networks	$958.4m	8.67M
TSLATesla, Inc.	$876.5m	2.17M
MRVLMarvell Technology	$722.7m	6.54M
PANWPalo Alto Networks	$554.5m	3.05M
KKRKKR & Co.	$501.6m	3.39M
SWSmurfit Westrock	$379.8m	7.05M
LRCXLam Research	$368.1m	5.10M
NVONovo Nordisk A S	$227.1m	2.64M
FWONKLiberty Media Corp	$206.5m	2.23M
ACNAccenture	$190.9m	542.6K
APOApollo Global Management	$178.8m	1.08M
CSCOCisco	$147.0m	2.48M
SPOTSpotify Technology S.a.	$143.0m	319.6K
GEGE Aerospace	$139.9m	839.0K
RDDTReddit, Inc.	$123.4m	755.2K

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

Company	Sold (value)	Shares
NVDANVIDIA Corporation	−$1.5bn	−10.81M
METAMeta Platforms	−$1.1bn	−1.96M
AAPLApple Inc.	−$591.8m	−2.36M
SCHWCharles Schwab Corporation	−$490.9m	−6.63M
AMZNAmazon	−$438.1m	−2.00M
AMATApplied Materials	−$413.5m	−2.54M
AMDAdvanced Micro Devices	−$397.3m	−3.29M
WFCWells Fargo	−$352.7m	−5.02M
AMGNAmgen	−$327.7m	−1.26M
MSFTMicrosoft Corporation	−$324.9m	−770.9K
BKNGBooking Holdings	−$270.4m	−54.4K
XYZBlock, Inc.	−$262.0m	−3.08M
GOOGLAlphabet Inc. (Class A)	−$255.6m	−1.35M
ELVElevance Health	−$216.4m	−586.6K
PKGPackaging Corporation of America	−$207.6m	−922.0K

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

Company	Value last quarter	Shares
NTESNetease, Inc.	$26.1m	278.9K
BZUNBaozun Inc.	$8.9m	2.49M
MBLYMobileye Global Inc.	$4.6m	335.2K
JDJd.com, Inc.	$3.3m	82.5K
SEDGSolaredge Technologies, Inc.	$2.5m	109.4K
SSPE.w. Scripps Co	$2.0m	882.1K
CRSPCrispr Therapeutics AG	$1.0m	22.2K
AISPAirship AI Holdings, Inc.	$639,906	278.2K
OBEObsidian Energy LTD.	$319,095	57.4K
PERIPerion Network Ltd.	$307,903	38.7K
LILi Auto Inc.	$298,514	11.6K
VELVelocity Financial, Inc.	$267,402	13.6K
EMLEastern Co	$225,690	7.0K
TBLATaboola.com Ltd.	$158,001	47.0K
CPSSConsumer Portfolio Services, Inc.	$136,855	14.6K
OTLKOutlook Therapeutics, Inc.	$107,222	20.1K

Technology33.0%
Financials13.3%
Consumer Discretionary12.0%
Health Care10.1%
Industrials8.7%
Communication Services6.9%
Consumer Staples4.9%
Real Estate3.6%
Materials2.6%
Energy2.5%
Utilities2.3%

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 19, 2011 to May 30, 2025	+13.9%	+14.8%	0.77	0.84	−33.4%	1.02
2018 onwardsJanuary 5, 2018 to May 30, 2025	+11.8%	+12.7%	0.53	0.59	−33.4%	1.03
Last three yearsJune 3, 2022 to May 30, 2025	+14.9%	+14.5%	0.59	0.59	−18.0%	1.04
Last yearMay 31, 2024 to May 30, 2025	+13.5%	+13.2%	0.50	0.51	−18.0%	1.05

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.