Hedge fund

Qube Research & Technologies Ltd

13F for June 30, 2026, filed August 14, 2026 · SEC CIK 1729829 · Holdings history from March 31, 2018

Reported value: $107.6bn
Positions we cover: 1,805
Copy, a year: +12.1%
Copy Sharpe ratio: 0.54

Copy-performance statistics: May 18, 2018 to November 2, 2026. 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.

3,406 reported entries for June 30, 2026.

Issuer	Class / type	Reported value	Quantity
INVESCO EXCH TRADED FD TR II46138G631	NASDAQNXTGEN100	$189,530	4,171
INVESCO EXCH TRADED FD TR II46138G649	NASDAQ 100 ETF	$174,208	575
INVESCO EXCH TRADED FD TR II46138G698	S&P 500 REVENUE	$8.7m	67,980
INVESCO EXCH TRADED FD TR II46138G706	SOLAR ETF	$4.1m	69,033
INVESCO EXCH TRADED FD TR II46138G870	VAR RATE PFD	$211,205	8,688
INVESCO EXCH TRD SLF IDX FD46138J619	RUSL 1000 DYNM	$1.0m	15,119
INVESCO EXCHANGE TRADED FD T46137V100	AEROSPACE DEFN	$4.5m	25,270
INVESCO EXCHANGE TRADED FD T46137V134	WILDERHIL CLAN	$11.2m	287,500
INVESCO EXCHANGE TRADED FD T46137V225	S&P MIDCAP 400	$17,052	131
INVESCO EXCHANGE TRADED FD T46137V233	S&P 500 TOP 50	$16.7m	272,205
INVESCO EXCHANGE TRADED FD T46137V241	S&P500 QUALITY	$8.6m	95,215
INVESCO EXCHANGE TRADED FD T46137V258	S&P500 PUR VAL	$4.0m	35,266
INVESCO EXCHANGE TRADED FD T46137V274	S&P500 EQL UTL	$4,868	60
INVESCO EXCHANGE TRADED FD T46137V282	S&P500 EQL TEC	$2.3m	35,893
INVESCO EXCHANGE TRADED FD T46137V308	BUYBACK ACHIEV	$6,375	45
INVESCO EXCHANGE TRADED FD T46137V316	S&P500 EQL MAT	$2,434	63
INVESCO EXCHANGE TRADED FD T46137V332	S&P500 EQL HLT	$3,385	102
INVESCO EXCHANGE TRADED FD T46137V340	S&P500 EQL FIN	$4,653	60
INVESCO EXCHANGE TRADED FD T46137V365	S&P500 EQL ENR	$245,782	2,509
INVESCO EXCHANGE TRADED FD T46137V373	S&P500 EQL STP	$13,431	448
INVESCO EXCHANGE TRADED FD T46137V449	S&P 100 EQL WIGH	$820,954	6,363
INVESCO EXCHANGE TRADED FD T46137V464	S&P MDCP MOMNTUM	$2.6m	15,373
INVESCO EXCHANGE TRADED FD T46137V530	NASDAQ INTERNT	$6,289	138
INVESCO EXCHANGE TRADED FD T46137V571	GLOBAL DRGN CN	$1,354	60
INVESCO EXCHANGE TRADED FD T46137V597	RAFI US 1500	$180,249	3,232
INVESCO EXCHANGE TRADED FD T46137V613	RAFI US 1000 ETF	$427,377	7,910
INVESCO EXCHANGE TRADED FD T46137V621	FINL PFD ETF	$8,226	600
INVESCO EXCHANGE TRADED FD T46137V639	AI AND NEXT GEN	$28,523	274
PROSHARES TR74347R214	PSHS ULT NASB	$4,936	49
PROSHARES TR74347R404	PSHS ULT MCAP400	$10,403	113
PROSHARES TR74347X799	ULTR RUSSL2000	$10,219	117
PROSHARES TR74347X815	ULTRA MDCAP400	$4,316	115
PROSHARES TR74347X823	ULTRPRO DOW30	$242,441	3,459
PROSHARES TR74347X831	ULTRAPRO QQQ	$16,200	200
PROSHARES TR74347X849	SHRT 20+YR TRE	$3,998	165
PROSHARES TR74347X864	ULTRPRO S&P500	$372,908	2,630
PROSHARES TR74348A210	SHRT RUSSELL2000	$315,850	23,766
PROSHARES TR74348A608	SHT 7-10 YR TR	$57	2
PROSHARES TR74350P436	PSHS SH MSCI EAF	$230	10
PROSHARES TR74350P642	ULTRAPRO SHRT RU	$55,978	2,617
PROSHARES TR74350P675	ULTRAPRO SHORT	$19,862	547
PROTARA THERAPEUTICS INC74365U107 · TARA	COM STK	$4.0m	1,045,516
PROTHENA CORP PLCG72800108 · PRTA	SHS	$7.7m	791,169
PROVIDENT FINL SVCS INC74386T105 · PFS	COM	$18.6m	787,548
PRUDENTIAL FINL INC744320102 · PRU	COMCall	$474,892	4,400
PRUDENTIAL FINL INC744320102 · PRU	COMPut	$1.9m	17,600
PTC INC69370C100 · PTC	COM	$38.0m	334,450
PTC THERAPEUTICS INC69366J200 · PTCT	COM	$25.4m	311,374
PUBLIC SVC ENTERPRISE GROUP744573106 · PEG	COM	$60.0m	739,111
PULMONX CORP745848101 · LUNG	COM	$64,840	49,877
PULTE GROUP INC745867101 · PHM	COMCall	$27,442	200
PULTE GROUP INC745867101 · PHM	COMPut	$288,141	2,100
PURPLE INNOVATION INC74640Y106	COM	$42,252	118,352
PURSUIT ATTRACTIONS AND HOSP92552R406 · PRSU	COM	$13.0m	232,731
PUTNAM ETF TRUST746729300	FOCUSED LAR CAP	$13.6m	265,977
PYXIS ONCOLOGY INC747324101 · PYXS	COMMON STOCK	$150,295	49,932
Q2 HLDGS INC74736L109 · QTWO	COM	$8.1m	168,470
QCR HLDGS INC74727A104 · QCRH	COM	$20.7m	212,146
QDRO ACQUISITION CORPG7310E128	UNIT 01/28/2031	$1.5m	150,000
QFIN HOLDINGS INC88557W101 · QFIN	AMERICAN DEP	$1.8m	115,301
QNITY ELECTRONICS INC74743L100 · Q	COMMON STOCK	$85.4m	522,811
QORVO INC74736K101	COM	$126.6m	1,356,977
QUALCOMM INC747525103 · QCOM	COM	$350.5m	1,896,843
QUALCOMM INC747525103 · QCOM	COMCall	$42.6m	230,700
QUALCOMM INC747525103 · QCOM	COMPut	$83.2m	450,400
QUANTA SVCS INC74762E102 · PWR	COMCall	$2.0m	2,800
QUANTA SVCS INC74762E102 · PWR	COMPut	$576,032	800
QUANTERIX CORP74766Q101 · QTRX	COM	$51,784	11,987
QUANTUM CORP747906600 · QMCO	COM	$890,747	80,977
QUEST DIAGNOSTICS INC74834L100 · DGX	COM	$72.8m	343,398
QUEST RESOURCE HLDG CORP74836W203 · QRHC	COM NEW	$45,005	35,718
QUICKLOGIC CORP74837P405 · QUIK	COM NEW	$1.5m	72,612
QUINSTREET INC74874Q100 · QNST	COM	$4.4m	296,955
RADCOM LTDM81865111 · RDCM	SHS NEW	$1.1m	77,207
RADIAN GROUP INC750236101 · RDN	COM	$43.0m	1,140,174
RADWARE LTDM81873107 · RDWR	ORD	$5.9m	191,302
RALLIANT CORP750940108 · RAL	COM	$37.4m	507,736
RALPH LAUREN CORP751212101 · RL	CL A	$253.8m	632,339
RAMBUS INC DEL750917106 · RMBS	COM	$11.9m	89,539
RANGE RES CORP75281A109 · RRC	COM	$11.9m	318,906
RANGER ENERGY SVCS INC75282U104 · RNGR	COM CL A	$2.8m	173,468
RAPID7 INC753422104 · RPD	COM	$2.6m	324,278
RBB BANCORP74930B105 · RBB	COM	$5.4m	195,579
RBC BEARINGS INC75524B104 · RBC	COM	$92.7m	143,894
RCI HOSPITALITY HLDGS INC74934Q108 · RICK	COM	$296,313	10,846
READY CAPITAL CORP75574U101 · RC	COM	$2.1m	1,209,540
REALTY INCOME CORP756109104 · O	COMCall	$3.1m	50,000
REALTY INCOME CORP756109104 · O	COMPut	$3.5m	56,200
REDDIT INC75734B100 · RDDT	CL A	$105.5m	607,767
REDWIRE CORPORATION75776W103 · RDW	COM	$880,976	72,034
REDWOOD TRUST INC758075402 · RWT	COM	$4.3m	908,290
REGENCY CTRS CORP758849103 · REG	COM	$149.1m	1,869,861
REGENERON PHARMACEUTICALS75886F107 · REGN	COM	$138.2m	221,607
REGENERON PHARMACEUTICALS75886F107 · REGN	COMCall	$3.3m	5,300
WISDOMTREE TR97717X263	DYNAMIC INTL EQT	$369,117	7,993
WISDOMTREE TR97717X669	US QTLY DIV GRT	$5.4m	56,930
WISDOMTREE TR97717X701	EUROPE HEDGED EQ	$33,231	583
WISDOMTREE TR97717Y477	US QUALITY GROW	$22,780	345
WISDOMTREE TR97717Y550	EFFICIENT GLD PL	$57,638	796
WOLVERINE WORLD WIDE INC978097103 · WWW	COM	$27.9m	1,687,837

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 Qube Research & Technologies Ltd's usable filed holdings in companies we cover from May 18, 2018, 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 −37.7% (S&P 500 −31.8%); beta 1.04; alpha −2.4% a year (t = −1.24); last 12 months +14.8% against +12.1%.

Reported value by quarter

Qube Research & Technologies Ltd: 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
2018-03-31	$260.2M
2018-06-30	$158.5M
2018-09-30	$752.2M
2018-12-31	$231.8M
2019-03-31	$757.2M
2019-06-30	$420M
2019-09-30	$150.1M
2019-12-31	$3.2B
2020-03-31	$2.4B
2020-06-30	$6.8B
2020-09-30	$7B
2020-12-31	$7B
2021-03-31	$6.3B
2021-06-30	$8.8B
2021-09-30	$8B
2021-12-31	$13B
2022-03-31	$11.8B
2022-06-30	$13.6B
2022-09-30	$16.8B
2022-12-31	$18.7B
2023-03-31	$23.2B
2023-06-30	$27.5B
2023-09-30	$38.3B
2023-12-31	$51.4B
2024-03-31	$63.1B
2024-06-30	$63.3B
2024-09-30	$67.8B
2024-12-31	$76.3B
2025-03-31	$86.2B
2025-06-30	$98.4B
2025-09-30	$96.8B
2025-12-31	$98.4B
2026-03-31	$89.9B
2026-06-30	$107.6B

Latest covered holdings and moves

Covered holdings as of June 30, 2026.

Company	Share of portfolio	Value	Shares	Change in shares
AMZNAmazon	1.03%	$1.1bn	4.66M	+58.6% Added
AAPLApple Inc.	0.98%	$1.1bn	3.65M	−34.2% Reduced
CVXChevron Corporation	0.88%	$941.5m	5.68M	+180.6% Added
SNDKSandisk	0.86%	$931.4m	409.6K	−51.5% Reduced
MUMicron Technology	0.81%	$871.0m	754.8K	−65.6% Reduced
JPMJPMorgan Chase	0.78%	$840.1m	2.57M	+4.0% Added
GSGoldman Sachs	0.68%	$728.9m	720.7K	+338.5% Added
NVDANVIDIA Corporation	0.63%	$677.9m	3.39M	+66.2% Added
INTCIntel	0.61%	$662.1m	4.74M	New
AMDAdvanced Micro Devices	0.59%	$631.2m	1.09M	+55537.4% Added
WFCWells Fargo	0.59%	$630.9m	7.63M	+143.8% Added
CCitigroup	0.56%	$602.0m	4.30M	+34.6% Added
MSFTMicrosoft Corporation	0.55%	$586.9m	1.57M	−34.8% Reduced
WDCWestern Digital	0.54%	$585.0m	915.9K	New
UNHUnitedHealth Group	0.54%	$584.3m	1.41M	New
CRMSalesforce	0.51%	$543.7m	3.47M	+2679.4% Added
STXSeagate Technology	0.50%	$533.4m	552.8K	+34043.3% Added
PEPPepsiCo	0.44%	$477.3m	3.53M	+154.7% Added
PHParker Hannifin	0.44%	$472.3m	482.9K	+3.8% Added
HPEHewlett Packard Enterprise	0.42%	$450.5m	9.99M	New
BEBloom Energy	0.41%	$445.6m	1.47M	New
ATIATI Inc	0.39%	$422.6m	2.14M	+149.6% Added
LLYLilly (Eli)	0.39%	$415.6m	346.5K	−51.5% Reduced
MAMastercard	0.37%	$401.6m	781.9K	+115.3% Added
ICEIntercontinental Exchange	0.37%	$399.2m	3.24M	+311.0% Added
CSCOCisco	0.37%	$397.9m	3.39M	+445.2% Added
MCKMcKesson	0.37%	$394.1m	521.6K	+72.8% Added
GILDGilead Sciences	0.36%	$389.9m	3.09M	+2449.5% Added
BSXBoston Scientific	0.35%	$381.7m	8.94M	+60.6% Added
HALHalliburton	0.35%	$377.8m	11.13M	New
ATOAtmos Energy	0.34%	$368.1m	2.14M	+2485.6% Added
AMEAmetek	0.34%	$367.0m	1.52M	+5.5% Added
CRDOCredo Technology Group Holding Ltd	0.34%	$365.0m	1.34M	New
HLTHilton Worldwide	0.33%	$358.2m	1.08M	New
MMM3M	0.33%	$357.0m	2.21M	+12.3% Added
CMECME Group	0.33%	$355.8m	1.61M	+781.6% Added
INTUIntuit	0.33%	$355.0m	1.36M	New
QCOMQualcomm	0.33%	$350.5m	1.90M	New
ORCLOracle Corporation	0.33%	$349.7m	2.39M	+2155.5% Added
JBLJabil	0.32%	$347.9m	902.4K	+95.5% Added
TXNTexas Instruments	0.32%	$345.2m	1.16M	+1281.1% Added
NOCNorthrop Grumman	0.32%	$341.8m	671.2K	+257.2% Added
PPLPPL Corporation	0.32%	$340.9m	9.38M	+402.7% Added
COFCapital One	0.31%	$328.9m	1.64M	−24.4% Reduced
GMGeneral Motors	0.30%	$328.1m	4.26M	−20.4% Reduced
TMUST-Mobile US	0.30%	$326.4m	1.95M	+70.0% Added
HIGThe Hartford	0.30%	$323.7m	2.44M	+312.0% Added
DVNDevon Energy	0.30%	$319.7m	7.74M	+240.8% Added
LMTLockheed Martin	0.29%	$317.2m	622.6K	−4.2% Reduced
BACBank of America	0.29%	$312.8m	5.49M	−33.1% Reduced
LRCXLam Research	0.29%	$309.9m	715.2K	−20.6% Reduced
TPRTapestry, Inc.	0.29%	$309.8m	2.12M	−12.9% Reduced
KEYSKeysight Technologies	0.28%	$302.1m	863.1K	+26.4% Added
MTSIMacom Technology Solutions Holdings, Inc.	0.28%	$300.8m	790.7K	New
ORLYO'Reilly Automotive	0.28%	$299.5m	3.25M	+94.8% Added
MSMorgan Stanley	0.28%	$297.7m	1.42M	+32.6% Added
FERGFerguson Enterprises	0.27%	$293.0m	1.23M	+2.1% Added
NSCNorfolk Southern	0.26%	$281.6m	895.2K	−2.5% Reduced
CASYCasey's	0.26%	$278.4m	350.3K	New
NUENucor	0.26%	$277.8m	1.25M	+87.5% Added
COPConocoPhillips	0.26%	$275.2m	2.65M	+1243.9% Added
EMEEmcor	0.25%	$272.2m	328.0K	+93.6% Added
UBSUBS Group AG	0.25%	$271.3m	5.47M	−28.1% Reduced
OXYOccidental Petroleum	0.25%	$271.3m	5.59M	New
MKSIMKS Inc	0.25%	$269.6m	606.1K	+715.0% Added
COSTCostco	0.25%	$268.0m	286.4K	+58.4% Added
LNGCheniere Energy, Inc.	0.24%	$256.9m	1.07M	+1.2% Added
APHAmphenol	0.24%	$256.7m	1.46M	−42.9% Reduced
FLEXFlex Ltd.	0.24%	$255.5m	1.58M	New
RLRalph Lauren Corporation	0.24%	$253.8m	632.3K	−14.0% Reduced
BNYBNY Mellon	0.24%	$253.6m	1.75M	+240.3% Added
WWDWoodward, Inc.	0.23%	$250.0m	587.6K	+22.4% Added
EQIXEquinix	0.23%	$249.6m	239.4K	+0.6% Added
ELVElevance Health	0.23%	$247.6m	640.2K	+468.0% Added
TMOThermo Fisher Scientific	0.23%	$247.0m	492.6K	+160.9% Added
ROSTRoss Stores	0.23%	$245.6m	1.15M	−6.3% Reduced
LOWLowe's	0.23%	$242.3m	1.10M	New
FDXFedEx	0.23%	$242.2m	773.5K	−11.0% Reduced
NEMNewmont	0.22%	$240.8m	2.58M	−15.4% Reduced
HWMHowmet Aerospace	0.22%	$240.5m	894.6K	+39.2% Added
ALNYAlnylam Pharmaceuticals, Inc.	0.22%	$240.4m	798.7K	−4.7% Reduced
NVTnVent Electric plc	0.22%	$232.8m	1.37M	+207.2% Added
EBAYeBay Inc.	0.21%	$230.3m	2.06M	+71.3% Added
JCIJohnson Controls	0.21%	$229.9m	1.57M	−21.3% Reduced
ROKURoku, Inc	0.21%	$227.1m	1.64M	+23.3% Added
TTTrane Technologies	0.21%	$225.0m	458.0K	+83.5% Added
ALBAlbemarle Corporation	0.21%	$224.7m	1.66M	+114.5% Added
RSGRepublic Services	0.20%	$219.9m	1.03M	+24.6% Added
ZMZoom Communications, Inc.	0.20%	$217.5m	2.52M	+321.1% Added
MDTMedtronic	0.20%	$216.7m	2.77M	+3521.8% Added
GOOGLAlphabet Inc. (Class A)	0.20%	$213.8m	598.3K	−72.6% Reduced
AIGAmerican International Group	0.20%	$211.9m	2.84M	−14.5% Reduced
GEGE Aerospace	0.20%	$211.7m	566.5K	−60.3% Reduced
WECWEC Energy Group	0.19%	$206.9m	1.77M	−2.2% Reduced
AFLAflac	0.19%	$200.4m	1.71M	+69.3% Added
TJXTJX Companies	0.18%	$197.7m	1.30M	−30.8% Reduced
ABTAbbott Laboratories	0.18%	$194.4m	2.14M	+540.1% Added
PGProcter & Gamble	0.18%	$191.6m	1.31M	+307.1% Added
JNJJohnson & Johnson	0.18%	$191.1m	752.3K	New
SSNCSS&C Technologies Holdings Inc	0.18%	$191.1m	3.08M	+37.9% Added
AMATApplied Materials	0.18%	$190.1m	263.0K	−67.0% Reduced
CFGCitizens Financial Group	0.17%	$188.8m	2.69M	+59.0% Added
FIVEFive Below, Inc	0.17%	$188.6m	1.05M	−2.0% Reduced
AMTAmerican Tower	0.17%	$188.4m	1.15M	+7134.1% Added
DOWDow Inc.	0.17%	$188.2m	6.88M	New
SCHWCharles Schwab Corporation	0.17%	$188.0m	2.04M	−0.3%
AAgilent Technologies	0.17%	$188.0m	1.42M	−37.9% Reduced
KMIKinder Morgan	0.17%	$183.5m	5.74M	+9857.2% Added
HUBSHubspot Inc	0.17%	$183.3m	1.00M	+183.3% Added
NXPINXP Semiconductors	0.17%	$182.1m	648.1K	+1162.2% Added
BRBroadridge Financial Solutions	0.17%	$179.8m	1.31M	+152.2% Added
INSMInsmed Inc	0.17%	$179.4m	1.68M	+1032.8% Added
BMYBristol Myers Squibb	0.17%	$178.3m	3.09M	−3.4% Reduced
CRSCarpenter Technology Corp	0.17%	$177.5m	287.8K	+1364.1% Added
MDBMongodb, Inc.	0.16%	$176.4m	525.2K	−13.8% Reduced
TWLOTwilio Inc	0.16%	$176.3m	854.3K	New
MSCIMSCI	0.16%	$172.5m	308.1K	+682.9% Added
GDDYGodaddy Inc.	0.16%	$172.4m	2.03M	+18.6% Added
MTZMastec Inc	0.16%	$170.3m	409.2K	−15.7% Reduced
UNMUnum Group	0.16%	$168.8m	1.89M	+118.9% Added
SNPSSynopsys Inc	0.16%	$167.5m	375.4K	+148.9% Added
TSEMTower Semiconductor LTD	0.15%	$166.3m	638.1K	+249.6% Added
CBRECBRE Group	0.15%	$165.9m	1.23M	+19.9% Added
CRWDCrowdStrike	0.15%	$165.7m	217.1K	−0.9% Reduced
ZTSZoetis	0.15%	$163.8m	2.28M	New
AVGOBroadcom	0.15%	$163.1m	431.7K	−76.9% Reduced
CCLCarnival Corporation	0.15%	$160.9m	5.63M	New
DHRDanaher Corporation	0.15%	$160.9m	844.5K	−37.4% Reduced
ISRGIntuitive Surgical	0.15%	$160.4m	403.4K	+36.8% Added
AESAES Corporation	0.15%	$160.3m	10.94M	+131.5% Added
ONTOOnto Innovation Inc.	0.15%	$159.5m	421.4K	+603.8% Added
PSXPhillips 66	0.15%	$159.4m	943.0K	+48.6% Added
SPOTSpotify Technology S.a.	0.15%	$158.4m	344.9K	New
STZConstellation Brands	0.15%	$158.1m	1.14M	New
BKNGBooking Holdings	0.15%	$157.9m	885.8K	+2188.6% Added
LHXL3Harris	0.14%	$155.7m	535.9K	+3685.0% Added
STTState Street Corporation	0.14%	$154.4m	910.4K	+55.9% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.14%	$153.0m	320.4K	−50.8% Reduced
PLTRPalantir Technologies Inc.	0.14%	$152.7m	1.31M	New
WMTWalmart	0.14%	$152.5m	1.35M	New
CMGChipotle Mexican Grill	0.14%	$150.8m	4.44M	+100.8% Added
ALABAstera Labs, Inc.	0.14%	$150.4m	311.4K	+786.7% Added
DGDollar General	0.14%	$149.6m	1.30M	−31.9% Reduced
LOGILogitech International S.a.	0.14%	$149.5m	1.60M	+41.4% Added
LYBLyondellBasell	0.14%	$149.3m	2.84M	New
REGRegency Centers	0.14%	$149.1m	1.87M	+1612.5% Added
ACMAecom	0.14%	$147.9m	2.12M	+379.7% Added
ADIAnalog Devices	0.14%	$146.4m	368.7K	−43.2% Reduced
VICIVici Properties	0.13%	$144.5m	5.44M	+93.1% Added
AAAlcoa Corp	0.13%	$144.2m	2.77M	+99.0% Added

Company	Bought (value)	Shares
INTCIntel	$662.1m	4.74M
AMDAdvanced Micro Devices	$630.0m	1.09M
CVXChevron Corporation	$606.0m	3.66M
WDCWestern Digital	$585.0m	915.9K
UNHUnitedHealth Group	$584.3m	1.41M
GSGoldman Sachs	$562.7m	556.3K
STXSeagate Technology	$531.9m	551.2K
CRMSalesforce	$524.1m	3.35M
HPEHewlett Packard Enterprise	$450.5m	9.99M
BEBloom Energy	$445.6m	1.47M
AMZNAmazon	$410.5m	1.72M
HALHalliburton	$377.8m	11.13M
GILDGilead Sciences	$374.6m	2.97M
WFCWells Fargo	$372.1m	4.50M
CRDOCredo Technology Group Holding Ltd	$365.0m	1.34M

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

Company	Sold (value)	Shares
MUMicron Technology	−$1.7bn	−1.44M
SNDKSandisk	−$988.2m	−434.6K
GOOGLAlphabet Inc. (Class A)	−$566.0m	−1.58M
AAPLApple Inc.	−$547.0m	−1.89M
AVGOBroadcom	−$544.3m	−1.44M
LLYLilly (Eli)	−$442.1m	−368.6K
VVisa Inc.	−$437.8m	−1.28M
MRVLMarvell Technology	−$435.9m	−4.40M
AMATApplied Materials	−$385.7m	−533.5K
ASMLAsml Holding NV	−$344.6m	−173.2K
GEGE Aerospace	−$321.4m	−860.1K
METAMeta Platforms	−$316.5m	−561.9K
MSFTMicrosoft Corporation	−$313.4m	−840.3K
FTITechnipFMC plc	−$287.2m	−4.16M
WMBWilliams Companies	−$279.7m	−3.76M

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

Company	Value last quarter	Shares
MRVLMarvell Technology	$435.9m	4.40M
FTITechnipFMC plc	$287.2m	4.16M
TERTeradyne	$274.5m	925.8K
SOFISoFi Technologies, Inc.	$266.8m	16.80M
RKTRocket Companies, Inc.	$221.5m	15.54M
VEEVVeeva Systems Inc	$193.8m	1.10M
SYKStryker Corporation	$190.0m	578.2K
SNOWSnowflake Inc.	$162.8m	1.08M
ECLEcolab	$158.4m	595.4K
NOWServiceNow	$146.8m	1.40M
ADPAutomatic Data Processing	$132.7m	653.1K
TRVThe Travelers Companies	$131.3m	450.0K
RBLXRoblox Corp	$129.1m	2.28M
BURLBurlington Stores, Inc.	$124.7m	383.2K
DASHDoorDash	$122.2m	813.8K
LINLinde plc	$120.2m	242.5K
PNCPNC Financial Services	$116.6m	560.5K
TOSTToast, Inc.	$112.7m	4.25M
VTRVentas	$109.7m	1.34M
TSLATesla, Inc.	$108.7m	292.4K
FISVFiserv	$105.7m	1.89M
TRGPTarga Resources	$103.2m	411.7K
NUNu Holdings Ltd.	$99.8m	6.95M
PMPhilip Morris International	$94.5m	571.7K
HDThe Home Depot	$89.2m	271.1K
EDConsolidated Edison	$89.0m	786.4K
BXBlackstone Inc.	$88.1m	766.4K
HOODRobinhood Markets	$85.7m	1.24M
CDNSCadence Design Systems Inc	$84.8m	305.1K
SOSouthern Company	$83.6m	866.5K

Technology24.7%
Financials16.4%
Industrials15.0%
Health Care10.8%
Consumer Discretionary9.3%
Energy5.9%
Materials4.4%
Consumer Staples4.1%
Utilities3.4%
Real Estate3.1%
Communication Services3.0%

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 backtestMay 18, 2018 to November 2, 2026	+12.1%	+14.6%	0.54	0.69	−37.7%	1.04
Last three yearsNovember 3, 2023 to November 2, 2026	+19.5%	+21.8%	1.08	1.16	−15.0%	0.86
Last yearNovember 7, 2025 to November 2, 2026	+16.0%	+14.2%	1.09	0.84	−6.9%	0.73

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.