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
AMERICAN AXLE & MFG HLDGS IN024061103 · DCH	COM	$1.8m	308,972
AMERICAN ELEC PWR CO INC025537101 · AEP	COM	$435.3m	4,719,415
NETGEAR INC64111Q104 · NTGR	COM	$3.2m	113,356
NETSCOUT SYS INC64115T104 · NTCT	COM	$14.4m	666,681
NETSTREIT CORP64119V303 · NTST	COM	$30.5m	2,155,193
NEUBERGER BERMAN MUN FD INC64124P101	COM	$391,944	37,869
NEUROCRINE BIOSCIENCES INC64125C109 · NBIX	COM	$36.6m	267,980
NEUROPACE INC641288105 · NPCE	COM	$206,120	18,420
NEUROGENE INC64135M105 · NGNE	COM	$628,239	27,482
NEVRO CORP64157F103	COM	$1.4m	369,554
ATLAS ENERGY SOLUTIONS INC642045108 · AESI	COM NEW	$38.8m	1,750,439
NEW FORTRESS ENERGY INC644393100 · NFE	COM CL A	$2.4m	162,029
NEW GOLD INC CDA644535106 · USAU	COM	$1.5m	618,451
NEW JERSEY RES CORP646025106 · NJR	COM	$22.2m	475,830
RITHM CAPITAL CORP64828T201 · RITM	COM NEW	$11.6m	1,074,661
NEW YORK COMMUNITY BANCORP649445400 · FLG	COM NEW	$6.3m	674,535
BIGCOMMERCE HLDGS INC08975P108 · CMRC	COM SER 1	$954,346	155,939
BIGLARI HLDGS INC08986R309	COM STK CL B	$4.3m	16,821
BILL HOLDINGS INC090043100 · BILL	COM	$26.6m	314,340
BIO RAD LABS INC090572207 · BIO	CL A	$13.0m	39,505
BIOCRYST PHARMACEUTICALS INC09058V103 · BCRX	COM	$25.7m	3,419,046
BIOMARIN PHARMACEUTICAL INC09061G101 · BMRN	COM	$66.2m	1,006,922
BIOLIFE SOLUTIONS INC09062W204	COM NEW	$2.1m	80,160
BIOGEN INC09062X103 · BIIB	COM	$46.0m	300,741
BIOTE CORP090683103 · BTMD	CLASS A COM	$303,927	49,179
BIO-TECHNE CORP09073M104 · TECH	COM	$23.5m	326,892
BIOVENTUS INC09075A108 · BVS	COM CL A	$8.2m	782,137
HONEST CO INC438333106 · HNST	COM	$14.2m	2,046,868
HONEYWELL INTL INC438516106	COM	$1.6bn	7,091,007
HOOKER FURNISHINGS CORPORATI439038100 · HOFT	COM	$316,682	22,604
HOPE BANCORP INC43940T109 · HOPE	COM	$4.1m	329,588
HORACE MANN EDUCATORS CORP N440327104 · HMN	COM	$3.4m	86,883
HORIZON BANCORP INC440407104 · HBNC	COM	$5.6m	344,716
HORMEL FOODS CORP440452100 · HRL	COM	$24.7m	788,071
HOST HOTELS & RESORTS INC44107P104 · HST	COM	$112.0m	6,393,759
HOULIHAN LOKEY INC441593100 · HLI	CL A	$21.9m	126,106
RESOURCES CONNECTION INC76122Q105 · RGP	COM	$4.4m	518,019
SELECT MED HLDGS CORP81619Q105	COM	$15.6m	826,387
CARTESIAN THERAPEUTICS INC816212302 · RNAC	COM NEW	$1.3m	72,099
SELECTIVE INS GROUP INC816300107 · SIGI	COM	$48.0m	513,108
SELECTQUOTE INC816307300 · SLQT	COM	$1.4m	370,796
GENEDX HOLDINGS CORP81663L200 · WGS	COM CL A	$15.2m	197,365
SEMLER SCIENTIFIC INC81684M104	COM	$6.7m	124,548
SEMTECH CORP816850101 · SMTC	COM	$35.2m	569,339
SEMPRA816851109 · SRE	COM	$243.4m	2,774,326
SEMRUSH HLDGS INC81686C104	CL A COM	$6.9m	578,311
SENECA FOODS CORP NEW817070501 · SENEA	CL A	$1.2m	15,639
SENSIENT TECHNOLOGIES CORP81725T100 · SXT	COM	$23.5m	330,383
SENTINELONE INC81730H109 · S	CL A	$47.2m	2,125,415
SEPTERNA INC81734D104 · SEPN	COM	$548,707	23,961
SERA PROGNOSTICS INC81749D107 · SERA	CLASS A COM	$304,574	37,417
SERVICE CORP INTL817565104 · SCI	COM	$29.2m	365,256
SERVICE PPTYS TR81761L102	COM SH BEN INT	$1.2m	483,107
SERVICENOW INC81762P102 · NOW	COM	$2.5bn	2,343,840
SERVICETITAN INC81764X103 · TTAN	SHS CL A	$7.8m	75,756
SERVISFIRST BANCSHARES INC81768T108 · SFBS	COM	$11.6m	137,115
SEVEN HILLS REALTY TRUST81784E101 · SEVN	COM	$217,442	16,624
SHAKE SHACK INC819047101 · SHAK	CL A	$63.3m	487,451
REVOLVE GROUP INC76156B107 · RVLV	CL A	$3.4m	100,216
REX AMERICAN RES CORP761624105 · REX	COM	$3.7m	89,502
REXFORD INDL RLTY INC76169C100 · REXR	COM	$103.0m	2,663,969
REYNOLDS CONSUMER PRODS INC76171L106 · REYN	COM	$1.7m	62,877
RHYTHM PHARMACEUTICALS INC76243J105 · RYTM	COM	$8.2m	146,903
RIBBON COMMUNICATIONS INC762544104 · RBBN	COM	$1.4m	330,620
RICHARDSON ELECTRS LTD763165107 · RELL	COM	$300,326	21,406
RIGEL PHARMACEUTICALS INC766559702 · RIGL	COM	$387,751	23,053
RIGETTI COMPUTING INC76655K103 · RGTI	COMMON STOCK	$15.3m	999,617
RILEY EXPLORATION PERMIAN IN76665T102 · REPX	COM	$1.0m	31,761
RIMINI STR INC DEL76674Q107 · RMNI	COM	$363,043	135,971
RINGCENTRAL INC76680R206 · RNG	CL A	$7.2m	206,334
RING ENERGY INC76680V108 · REI	COM	$594,880	437,412
RIOT PLATFORMS INC767292105 · RIOT	COM	$7.9m	777,925
RIVIAN AUTOMOTIVE INC76954A103 · RIVN	COM CL A	$37.9m	2,847,211
ROBERT HALF INC.770323103 · RHI	COM	$21.5m	305,216
ROBINHOOD MKTS INC770700102 · HOOD	COM CL A	$88.4m	2,371,786
ROBLOX CORP771049103 · RBLX	CL A	$73.9m	1,277,835
ROCKET COS INC77311W101 · RKT	COM CL A	$91.5m	8,122,148
ROCKET LAB USA INC773122106	COM	$50.9m	1,999,363
FIRST BK WILLIAMSTOWN NEW JE31931U102	COM	$474,722	33,740
FIRST BUSEY CORP319383204 · BUSE	COM NEW	$9.2m	391,478
FIRST BUSINESS FINL SVCS INC319390100 · FBIZ	COM	$1.1m	23,004
FIRST CTZNS BANCSHARES INC N31946M103 · FCNCA	CL A	$192.9m	91,314
FIRST COMWLTH FINL CORP PA319829107 · FCF	COM	$5.6m	331,459
FIRST CMNTY BANKSHARES INC V31983A103 · FCBC	COM	$2.1m	51,489
FIRST FINL BANCORP OH320209109 · FFBC	COM	$18.0m	669,409
FIRST FINL BANKSHARES INC32020R109 · FFIN	COM	$39.4m	1,094,146
FIRST FINL CORP IND320218100 · THFF	COM	$8.5m	184,814
FIRST FINANCIAL NORTHWEST IN32022K102	COM	$219,344	10,108
FIRST FNDTN INC32026V104	COM	$1.4m	224,739
FIRST HORIZON CORPORATION320517105 · FHN	COM	$51.2m	2,543,635
FIRST HAWAIIAN INC32051X108 · FHB	COM	$17.1m	659,583
FIRST INDL RLTY TR INC32054K103 · FR	COM	$28.1m	561,274
1STDIBS COM INC320551104 · DIBS	COM	$119,744	33,826
FIRST INTERNET BANCORP320557101 · INBK	COM	$579,691	16,107
FIRST INTST BANCSYSTEM INC32055Y201 · FIBK	COM	$35.8m	1,103,541
FIRST LONG IS CORP320734106	COM	$693,500	59,375
FIRST MAJESTIC SILVER CORP32076V103 · AG	COM	$1.3m	228,002
FIRST MERCHANTS CORP320817109 · FRME	COM	$25.0m	626,508
FIRST MID ILL BANCSHARES INC320866106 · FMBH	COM	$2.0m	54,480
VAIL RESORTS INC91879Q109 · MTN	COM	$19.4m	103,665

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.