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
STELLANTIS N.VN82405106 · STLA	SHSPut	$45.5m	8,000,000
STELLAR BANCORP INC858927106	COM	$38.4m	977,587
STELLUS CAP INVT CORP858568108 · SCM	COM	$163,887	19,464
STEPSTONE GROUP INC85914M107 · STEP	COM CL A	$4.8m	117,256
STERIS PLCG8473T100 · STE	SHS USD	$39.6m	188,020
STERLING INFRASTRUCTURE INC859241101 · STRL	COM	$135.2m	161,101
STEVANATO GROUP S P AT9224W109 · STVN	ORD SHS	$8.9m	493,945
STIFEL FINL CORP860630102 · SF	COM	$106.3m	1,523,529
STITCH FIX INC860897107 · SFIX	COM CL A	$4.8m	1,172,208
STMICROELECTRONICS N V861012102 · STM	NY REGISTRY	$46.5m	621,004
STONERIDGE INC86183P102 · SRI	COM	$591,771	80,843
STRATA CRITICAL MEDICAL INC092667104 · SRTA	CL A COM	$2.8m	524,627
STRATASYS LTDM85548101 · SSYS	SHS	$270,505	31,601
STRATEGIC ED INC86272C103 · STRA	COM	$31.7m	413,080
STRATEGY INC594972408 · MSTR	CL A NEWCall	$50.0m	575,600
STRATEGY INC594972408 · MSTR	CL A NEWPut	$52.9m	609,000
STRATTEC SEC CORP863111100 · STRT	COM	$2.6m	32,323
STRIDE INC86333M108 · LRN	COM	$982,101	11,388
STRUCTURE THERAPEUTICS INC86366E106 · GPCR	SPONSORED ADS	$5.0m	93,403
STRYKER CORPORATION863667101 · SYK	COMCall	$2.5m	7,800
STRYKER CORPORATION863667101 · SYK	COMPut	$5.0m	16,000
STURM RUGER & CO INC864159108 · RGR	COM	$1.2m	32,343
SUMMIT HOTEL PPTYS866082100 · INN	COM	$6.0m	859,719
SUN CMNTYS INC866674104 · SUI	COM	$46.9m	391,465
SUN LIFE FINANCIAL INC.866796105 · SLF	COM	$1.2m	14,767
SUNBELT RENTALS HOLDINGS INC866966104 · SUNB	SHS	$3.0m	40,020
SUNCOKE ENERGY INC86722A103 · SXC	COM	$11.9m	1,472,273
SUNCOR ENERGY INC NEW867224107 · SU	COM	$119.8m	2,230,809
SUNOCOCORP LLC86765Q106	COM SHS LLC	$65.2m	962,908
SUNPOWER INC20460L104 · SPWR	COM	$419,942	611,002
SUNRISE RLTY TR INC867981102 · SUNS	COM	$167,788	21,239
SUNRUN INC86771W105 · RUN	COM	$2.4m	177,991
SUNRUN INC86771W105 · RUN	COMCall	$9,366	700
SUNRUN INC86771W105 · RUN	COMPut	$9,366	700
SUNSHINE SILVER MNG & REFNG867866105 · SSMR	COMMON STOCK	$156,816	11,862
SUNSTONE HOTEL INVS INC NEW867892101 · SHO	COM	$35.7m	3,115,099
SUPER MICRO COMPUTER INC86800U302 · SMCI	COM NEW	$63,206	2,155
SUPER MICRO COMPUTER INC86800U302 · SMCI	COM NEWCall	$16.9m	577,200
AXOGEN INC05463X106 · AXGN	COM	$216,770	4,693
AXON ENTERPRISE INC05464C101 · AXON	COMCall	$4.8m	8,600
AXON ENTERPRISE INC05464C101 · AXON	COMPut	$5.3m	9,400
AXOS FINANCIAL INC05465C100 · AX	COM	$502,045	5,155
AXSOME THERAPEUTICS INC.05464T104 · AXSM	COM	$104.4m	426,336
AZZ INC002474104 · AZZ	COM	$21.7m	139,686
B2GOLD CORP11777Q209 · BTG	COM	$13.4m	3,572,200
BACKBLAZE INC05637B105 · BLZE	COM CL A	$12.2m	766,200
BAIDU INC056752108 · BIDU	SPON ADR REP ACall	$15.6m	136,100
BAIDU INC056752108 · BIDU	SPON ADR REP APut	$9.6m	83,600
BAKER HUGHES COMPANY05722G100 · BKR	CL A	$66.8m	1,203,313
BAKER HUGHES COMPANY05722G100 · BKR	CL ACall	$38,850	700
BAKER HUGHES COMPANY05722G100 · BKR	CL APut	$210,900	3,800
BALCHEM CORP057665200 · BCPC	COM	$13.8m	81,692
BALLARD PWR SYS INC NEW058586108 · BLDP	COM	$6.3m	1,617,912
BANC OF CALIFORNIA INC05990K106 · BANC	COM	$26.4m	1,291,403
BANCO BRADESCO S A059460303 · BBD	SP ADR PFD NEW	$30.9m	8,902,294
BANCO DE CHILE059520106	SPONSORED ADS	$424,040	10,665
BANCO SANTANDER BRASIL S A05967A107	ADS REP 1 UNIT	$2.0m	385,188
BANCO SANTANDER CHILE NEW05965X109	SP ADR REP COM	$8.7m	264,795
BANCORP INC DEL05969A105 · TBBK	COM	$8.4m	133,981
BANK HAWAII CORP062540109 · BOH	COM	$32.2m	395,610
BANK MONTREAL MEDIUM063671101 · BMO	COM	$22.6m	127,638
BANK NOVA SCOTIA B C064149107 · BNS	COM	$62.5m	719,648
BANK OF AMER CORP060505104 · BAC	COM	$312.8m	5,489,391
BANK OF AMER CORP060505104 · BAC	COMCall	$9.7m	170,700
BANK OF AMER CORP060505104 · BAC	COMPut	$26.6m	467,000
BANK OF MARIN BANCORP063425102 · BMRC	COM	$5.1m	183,331
BANK OF N T BUTTERFIELD & SOG0772R208 · NTB	SHS NEW	$9.8m	165,544
BANK OF NY MELLON CORP064058100 · BNY	COM	$253.6m	1,753,835
BANK OZK LITTLE ROCK ARK06417N103	COM	$2.3m	43,759
BANKUNITED INC06652K103 · BKU	COM	$50.7m	1,047,443
BANKWELL FINL GROUP INC06654A103 · BWFG	COM	$4.4m	74,260
BANNER CORP06652V208 · BANR	COM NEW	$28.9m	435,298
BAOZUN INC06684L103 · BZUN	SPONSORED ADR	$369,847	130,688
BAR HBR BANKSHARES066849100 · BHB	COM	$766,490	20,299
BARCLAYS PLC06738E204	ADR	$11.5m	426,997
BARRICK MNG CORP06849F108 · B	COM SHS	$43.2m	1,175,555
BARRICK MNG CORP06849F108 · B	COM SHSCall	$3.5m	94,600
BARRICK MNG CORP06849F108 · B	COM SHSPut	$3.1m	84,600
BASSETT FURNITURE INDS INC070203104 · BSET	COM	$285,540	16,114
BATH & BODY WORKS INC070830104 · BBWI	COM	$17.3m	749,163
BAUSCH HEALTH COS INC071734107 · BHC	COM	$8.3m	1,681,918
BAUSCH PLUS LOMB CORP071705107 · BLCO	COMMON SHARES	$2.6m	159,559
BAYCOM CORP07272M107 · BCML	COM	$3.2m	98,212
BAYTEX ENERGY CORP07317Q105 · BTE	COM	$8.4m	2,089,763
BEACON FINANCIAL CORP.084680107 · BBT	COM	$1.3m	43,234
BEAM THERAPEUTICS INC07373V105 · BEAM	COM	$6.7m	194,083
BECTON DICKINSON & CO075887109 · BDX	COMCall	$635,586	4,200
BECTON DICKINSON & CO075887109 · BDX	COMPut	$90,798	600
BEL FUSE INC077347201 · BELFA	CL A	$12.4m	42,480
BEL FUSE INC077347300 · BELFA	CL B	$3.8m	11,274
BELDEN INC077454106 · BDC	COM	$18.1m	150,885
BELITE BIO INC07782B104 · BLTE	SPONSORED ADS	$1.9m	12,171
BELLRING BRANDS INC07831C103 · BRBR	COMMON STOCK	$6.1m	471,396
BENCHMARK ELECTRS INC08160H101 · BHE	COM	$22.7m	230,094
BEONE MEDICINES LTD07725L102 · ONC	SPONSORED ADS	$23.2m	81,279
BERKSHIRE HATHAWAY INC DEL084670108	CL A	$89.9m	120
AIRBNB INC009066101 · ABNB	COM CL A	$120.1m	839,388
AIRBNB INC009066101 · ABNB	COM CL ACall	$13.4m	93,500
AIRBNB INC009066101 · ABNB	COM CL APut	$5.9m	41,300
AKAMAI TECHNOLOGIES INC00971T101 · AKAM	COM	$107.5m	909,636

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.