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
PAYCOM SOFTWARE INC70432V102 · PAYC	COM	$25.8m	125,919
PAYCOR HCM INC70435P102	COM	$15.2m	818,096
RANGE RES CORP75281A109 · RRC	COM	$16.2m	449,622
RANGER ENERGY SVCS INC75282U104 · RNGR	COM CL A	$1.8m	113,312
RANPAK HOLDINGS CORP75321W103 · PACK	COM CL A	$1.1m	155,704
RAPID7 INC753422104 · RPD	COM	$17.2m	428,423
WENDYS CO95058W100 · WEN	COM	$13.1m	801,536
WERNER ENTERPRISES INC950755108 · WERN	COM	$6.1m	170,609
WEREWOLF THERAPEUTICS INC95075A107 · HOWL	COM	$108,588	73,370
WESBANCO INC950810101 · WSBC	COM	$16.0m	492,167
WESCO INTL INC95082P105 · WCC	COM	$70.5m	389,659
WEST BANCORPORATION INC95123P106 · WTBA	CAP STK	$991,722	45,807
WEST FRASER TIMBER CO LTD952845105 · WFG	COM	$4.8m	55,341
WEST PHARMACEUTICAL SVSC INC955306105 · WST	COM	$205.0m	625,879
WESTAMERICA BANCORPORATION957090103 · WABC	COM	$17.6m	334,637
WESTERN ALLIANCE BANCORP957638109 · WAL	COM	$48.8m	583,558
WESTERN ASSET MANAGED MUNS F95766M105	COM	$1.3m	122,946
WESTERN DIGITAL CORP958102105 · WDC	COM	$58.7m	984,643
WESTERN DIGITAL CORP958102AT2	NOTE 3.000%11/1	$33.5m	25,275,000
WESTERN MIDSTREAM PARTNERS L958669103 · WES	COM UNIT LP INT	$274,275	7,137
WESTERN UN CO959802109 · WU	COM	$5.5m	520,661
WESTLAKE CORPORATION960413102 · WLK	COM	$112.7m	983,090
WESTROCK COFFEE CO96145W103 · WEST	COM	$604,861	94,215
WEX INC96208T104 · WEX	COM	$21.6m	122,977
WEYCO GROUP INC962149100 · WEYS	COM	$341,480	9,094
WEYERHAEUSER CO MTN BE962166104 · WY	COM NEW	$107.7m	3,827,482
WHEATON PRECIOUS METALS CORP962879102 · WPM	COM	$21.5m	383,034
WHEELS UP EXPERIENCE INC96328L205	COM CL A	$242,590	147,024
WHIRLPOOL CORP963320106 · WHR	COM	$138.4m	1,208,741
WHITESTONE REIT966084204	COM	$5.3m	371,032
WIDEOPENWEST INC96758W101	COM	$719,706	145,102
ACCEL ENTERTAINMENT INC00436Q106 · ACEL	COM CL A1	$1.4m	131,312
ACCOLADE INC00437E102	COM	$747,742	218,638
ACCURAY INC004397105 · ARAY	COM	$554,524	280,062
ACELYRIN INC00445A100	COM	$635,030	202,239
ACHIEVE LIFE SCIENCES INC004468500 · ACHV	COM	$164,271	46,668
ACI WORLDWIDE INC004498101 · ACIW	COM	$24.1m	463,662
ADTRAN HOLDINGS INC00486H105 · ADTN	COM	$1.9m	228,200
ACRIVON THERAPEUTICS INC004890109 · ACRV	COMMON STOCK	$80,680	13,402
ANGIODYNAMICS INC03475V101 · ANGO	COM	$11.9m	1,296,366
ANHEUSER BUSCH INBEV SA/NV03524A108 · BUD	SPONSORED ADR	$52.7m	1,052,935
ANIKA THERAPEUTICS INC035255108 · ANIK	COM	$680,045	41,315
ANNALY CAPITAL MANAGEMENT IN035710839 · NLY	COM NEW	$32.9m	1,799,840
ANNEXON INC03589W102 · ANNX	COM	$14.0m	2,720,485
ANSYS INC03662Q105	COM	$127.3m	377,411
ANTERO RESOURCES CORP03674X106 · AR	COM	$20.4m	581,290
ELEVANCE HEALTH INC036752103 · ELV	COM	$746.0m	2,022,363
ANTERO MIDSTREAM CORP03676B102	COM	$17.4m	1,155,695
ANTERIX INC03676C100 · ATEX	COM	$5.7m	185,573
APA CORPORATION03743Q108 · APA	COM	$15.0m	648,692
FS BANCORP INC30263Y104 · FSBW	COM	$472,313	11,503
FRP HLDGS INC30292L107 · FRPH	COM	$1.3m	40,852
FTI CONSULTING INC302941109 · FCN	COM	$23.5m	123,048
RMR GROUP INC74967R106 · RMR	CL A	$787,850	38,171
RH74967X103 · RH	COM	$10.8m	27,520
RPM INTL INC749685103 · RPM	COM	$29.0m	235,836
RLX TECHNOLOGY INC74969N103 · RLX	SPONSORED ADS	$600,264	277,900
RXO INC74982T103 · RXO	COMMON STOCK	$14.8m	619,289
RACKSPACE TECHNOLOGY INC750102105 · RXT	COM	$271,850	123,009
RADIAN GROUP INC750236101 · RDN	COM	$35.6m	1,122,176
RADIANT LOGISTICS INC75025X100 · RLGT	COM	$734,434	109,617
RADNET INC750491102 · RDNT	COM	$44.7m	640,303
RAMBUS INC DEL750917106 · RMBS	COM	$56.3m	1,064,700
RALPH LAUREN CORP751212101 · RL	CL A	$26.5m	114,552
RAMACO RES INC75134P600 · METC	COM CL A	$644,411	62,808
SCHWAB CHARLES CORP808513105 · SCHW	COM	$474.4m	6,410,491
MATIV HOLDINGS INC808541106 · MATV	COM	$1.4m	129,466
SCIENCE APPLICATIONS INTL CO808625107 · SAIC	COM	$14.0m	125,074
LIGHT & WONDER INC80874P109	COM	$17.7m	204,498
SCOTTS MIRACLE-GRO CO810186106 · SMG	CL A	$7.2m	108,314
SCPHARMACEUTICALS INC810648105	COM	$320,381	90,503
SEA LTD81141R100 · SE	SPONSORD ADS	$100.8m	949,989
SEA LTD81141RAF7	NOTE 2.375%12/0	$25.3m	20,000,000
SEABOARD CORP DEL811543107 · SEB	COM	$1.4m	586
SEACOAST BKG CORP FLA811707801 · SBCF	COM NEW	$17.8m	648,144
DANAHER CORPORATION235851102 · DHR	COM	$934.0m	4,068,948
DAQO NEW ENERGY CORP23703Q203 · DQ	SPNSRD ADS NEW	$762,048	39,200
DARDEN RESTAURANTS INC237194105 · DRI	COM	$75.8m	405,945
DARLING INGREDIENTS INC237266101 · DAR	COM	$13.5m	402,026
DATADOG INC23804L103 · DDOG	CL A COM	$157.1m	1,099,169
DAVE & BUSTERS ENTMT INC238337109 · PLAY	COM	$4.3m	145,928
DAVE INC23834J201 · DAVE	CLASS A COM NEW	$37.1m	426,801
DAVITA INC23918K108 · DVA	COM	$19.7m	131,548
DAY ONE BIOPHARMACEUTICALS I23954D109	COM	$1.8m	141,298
DECKERS OUTDOOR CORP243537107 · DECK	COM	$129.0m	635,140
DEERE & CO244199105 · DE	COM	$502.8m	1,186,741
DEFINITIVE HEALTHCARE CORP24477E103 · DH	CLASS A COM	$426,116	103,678
DELEK US HLDGS INC NEW24665A103 · DK	COM	$18.6m	1,005,309
DELL TECHNOLOGIES INC24703L202 · DELL	CL C	$241.1m	2,092,295
DELTA AIR LINES INC DEL247361702 · DAL	COM NEW	$233.2m	3,854,438
DELUXE CORP248019101 · DLX	COM	$7.7m	340,054
DENALI THERAPEUTICS INC24823R105 · DNLI	COM	$7.2m	355,057
DENISON MINES CORP248356107 · DNN	COM	$3.5m	1,914,868
DENNYS CORP24869P104	COM	$997,573	164,888
DENTSPLY SIRONA INC24906P109 · XRAY	COM	$7.9m	417,252
DESCARTES SYS GROUP INC249906108 · DSGX	COM	$26.3m	231,131
FULCRUM THERAPEUTICS INC359616109 · FULC	COM	$796,880	169,549
FULGENT GENETICS INC359664109 · FLGT	COM	$1.0m	56,330
FULL HSE RESORTS INC359678109 · FLL	COM	$527,866	129,379
FULLER H B CO359694106 · FUL	COM	$13.8m	203,916

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.