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
ENERSYS29275Y102 · ENS	COM	$21.5m	232,094
ENERPAC TOOL GROUP CORP292765104 · EPAC	CL A COM	$23.4m	569,683
ENERGY VAULT HOLDINGS INC29280W109 · NRGV	COM	$622,180	272,886
ENFUSION INC292812104	CL A	$986,988	95,824
EDGEWELL PERS CARE CO28035Q102 · EPC	COM	$3.9m	116,488
EDGEWISE THERAPEUTICS INC28036F105 · EWTX	COM	$11.5m	428,858
EDISON INTL281020107 · EIX	COM	$62.1m	777,848
EDITAS MEDICINE INC28106W103 · EDIT	COM	$402,100	316,614
EDWARDS LIFESCIENCES CORP28176E108 · EW	COM	$234.7m	3,169,898
MAGNOLIA OIL & GAS CORP559663109 · MGY	CL A	$22.1m	944,221
MALIBU BOATS INC56117J100 · MBUU	COM CL A	$3.0m	80,431
MAMAS CREATIONS INC56146T103 · MAMA	COM	$474,065	59,556
MAMMOTH ENERGY SVCS INC56155L108 · TUSK	COM	$110,529	36,843
MANHATTAN ASSOCIATES INC562750109 · MANH	COM	$62.7m	231,901
MANITOWOC CO INC563571405 · MTW	COM NEW	$904,007	99,015
NATIONAL HEALTHCARE CORP635906100 · NHC	COM	$3.2m	29,322
NATIONAL FUEL GAS CO636180101 · NFG	COM	$8.8m	144,708
NATIONAL GRID PLC636274409	SPONSORED ADR NE	$30.3m	509,369
NATIONAL HEALTH INVS INC63633D104 · NHI	COM	$10.9m	156,838
NATIONAL PRESTO INDS INC637215104 · NPK	COM	$1.5m	14,926
NATIONAL RESH CORP637372202 · NRC	COM NEW	$692,106	39,235
FARO TECHNOLOGIES INC311642102	COM	$1.3m	51,138
FASTLY INC31188V100 · FSLY	CL A	$3.5m	375,215
FATE THERAPEUTICS INC31189P102 · FATE	COM	$523,496	317,271
FASTENAL CO311900104 · FAST	COM	$114.1m	1,586,124
VITESSE ENERGY INC92852X103 · VTS	COMMON STOCK	$10.5m	419,818
VIVID SEATS INC92854T100	COM CL A	$513,772	110,966
VONTIER CORPORATION928881101 · VNT	COM	$115.2m	3,160,018
VORNADO RLTY TR929042109 · VNO	SH BEN INT	$42.0m	999,403
VOYA FINANCIAL INC929089100 · VOYA	COM	$27.0m	392,292
VOYAGER THERAPEUTICS INC92915B106 · VYGR	COM	$616,834	108,789
VULCAN MATLS CO929160109 · VMC	COM	$76.5m	297,384
W & T OFFSHORE INC92922P106 · WTI	COM	$505,757	304,673
WD 40 CO929236107 · WDFC	COM	$11.7m	48,309
WSFS FINL CORP929328102 · WSFS	COM	$12.4m	232,944
WP CAREY INC92936U109 · WPC	COM	$25.0m	458,323
WEC ENERGY GROUP INC92939U106 · WEC	COM	$370.1m	3,935,857
WK KELLOGG CO92942W107	COM SHS	$3.2m	177,760
WABASH NATL CORP929566107 · WNC	COM	$3.1m	179,618
WM TECHNOLOGY INC92971A109	COM	$154,328	111,832
WABTEC929740108 · WAB	COM	$166.7m	879,092
WALMART INC931142103 · WMT	COM	$2.7bn	29,843,892
WALGREENS BOOTS ALLIANCE INC931427108	COM	$15.6m	1,667,690
WALKER & DUNLOP INC93148P102 · WD	COM	$12.8m	131,569
WARBY PARKER INC93403J106 · WRBY	CL A COM	$51.1m	2,109,103
WARNER BROS DISCOVERY INC934423104	COM SER A	$124.7m	11,799,864
C H ROBINSON WORLDWIDE INC12541W209 · CHRW	COM NEW	$42.0m	406,243
CHEESECAKE FACTORY INC163072101 · CAKE	COM	$5.8m	122,530
CHEESECAKE FACTORY INC163072AA9	NOTE 0.375% 6/1	$1.9m	1,973,000
CHEFS WHSE INC163086101 · CHEF	COM	$23.7m	480,813
CHEGG INC163092109 · CHGG	COM	$535,068	332,341
CHEMED CORP NEW16359R103 · CHE	COM	$20.9m	39,451
CHEMOURS CO163851108 · CC	COM	$4.1m	243,437
CHEMUNG FINL CORP164024101 · CHMG	COM	$234,044	4,795
CHENIERE ENERGY INC16411R208 · LNG	COM NEW	$353.9m	1,647,054
EXPAND ENERGY CORPORATION165167735 · EXE	COM	$100.0m	1,004,371
CHESAPEAKE UTILS CORP165303108 · CPK	COM	$11.0m	90,329
CHEVRON CORP NEW166764100 · CVX	COM	$1.1bn	7,842,230
CHICAGO ATLANTIC REAL ESTATE167239102 · REFI	COM	$490,202	31,790
CHIMERA INVT CORP16934Q802 · CIM	COM SHS	$2.9m	210,664
CHIPOTLE MEXICAN GRILL INC169656105 · CMG	COM	$687.1m	11,393,996
CHOICE HOTELS INTL INC169905106 · CHH	COM	$10.8m	75,864
CHOICEONE FINL SVCS INC170386106 · COFS	COM	$569,064	15,967
CHROMADEX CORP171077407 · NAGE	COM NEW	$350,735	66,114
CHURCH & DWIGHT CO INC171340102 · CHD	COM	$136.0m	1,299,194
CHURCHILL DOWNS INC171484108 · CHDN	COM	$18.9m	141,532
CIBUS INC17166A101 · CBUS	CL A COM STK	$105,579	37,978
CIENA CORP171779309 · CIEN	COM NEW	$117.4m	1,383,804
STANDARD MTR PRODS INC853666105 · SMP	COM	$2.5m	80,723
STANDEX INTL CORP854231107 · SXI	COM	$5.4m	29,019
STANDARDAERO INC85423L103 · SARO	COM	$2.7m	108,504
STANLEY BLACK & DECKER INC854502101 · SWK	COM	$34.4m	428,442
STANTEC INC85472N109 · STN	COM	$7.6m	96,698
STAR HLDGS85512G106 · STHO	SHS BEN INT	$467,001	47,996
STARBUCKS CORP855244109 · SBUX	COM	$1.3bn	13,733,302
SSGA ACTIVE TR78470P705	SPDR NUVEEN MUN	$26.0m	943,200
SSR MINING IN784730103 · SSRM	COM	$4.8m	686,728
SPX TECHNOLOGIES INC78473E103 · SPXC	COM	$102.7m	705,843
SABRA HEALTH CARE REIT INC78573L106 · SBRA	COM	$58.5m	3,378,733
SABRE CORP78573M104 · SABR	COM	$4.3m	1,165,383
SABLE OFFSHORE CORP78574H104 · SOC	COM SHS	$5.1m	221,409
SAFEHOLD INC78646V107 · SAFE	COM	$2.5m	134,552
SAFETY INS GROUP INC78648T100 · SAFT	COM	$3.1m	37,228
SAGA COMMUNICATIONS INC786598300 · SGA	CL A NEW	$467,595	42,393
SAGE THERAPEUTICS INC78667J108	COM	$774,829	142,694
SAIA INC78709Y105 · SAIA	COM	$32.7m	71,856
ST JOE CO790148100 · JOE	COM	$7.0m	155,680
SALESFORCE INC79466L302 · CRM	COM	$2.9bn	8,598,989
SALLY BEAUTY HLDGS INC79546E104 · SBH	COM	$10.5m	1,001,507
SANA BIOTECHNOLOGY INC799566104 · SANA	COM	$571,378	350,539
AUTONATION INC05329W102 · AN	COM	$41.0m	241,513
AUTOZONE INC053332102 · AZO	COM	$142.7m	44,565
AVALONBAY CMNTYS INC053484101	COM	$343.7m	1,562,294
AVANOS MED INC05350V106	COM	$2.0m	128,365
AVANTOR INC05352A100 · AVTR	COM	$29.1m	1,381,854
AVEANNA HEALTHCARE HLDGS INC05356F105 · AVAH	COM	$1.1m	249,820
AVEPOINT INC053604104 · AVPT	COM CL A	$17.0m	1,030,872
AVERY DENNISON CORP053611109 · AVY	COM	$79.7m	426,136
AVIAT NETWORKS INC05366Y201 · AVNW	COM NEW	$515,700	28,476
AVID BIOSERVICES INC05368M106	COM	$9.8m	792,433

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.