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
IMMUNOCORE HLDGS PLC45258D105 · IMCR	ADS	$7.1m	223,124
IMMUNOME INC45257U108 · IMNM	COM	$9.3m	439,186
IMPERIAL OIL LTD453038408 · IMO	COM NEW	$740,512	6,607
IMPERIAL PETE INCY3894J187 · IMPP	COM NEW	$282,261	61,228
INDEPENDENCE RLTY TR INC45378A106 · IRT	COM	$3.4m	205,234
INDEPENDENT BK CORP MICH453838609 · IBCP	COM NEW	$12.2m	338,633
INDIVIOR PHARMACEUTICALS INC45579U109 · INDV	COM	$14.2m	346,014
INDUSTRIAL LOGISTICS PPTYS T456237106 · ILPT	COM SHS BEN INT	$726,143	81,865
INFINITE EAGLE ACQUISITION CG4802J129	UNIT 01/13/2031	$3.1m	299,576
INFLARX NVN44821101 · IFRX	COM	$601,030	268,317
INFORMATION SVCS GROUP INC45675Y104 · III	COM	$44,910	10,927
INFUSYSTEM HLDGS INC45685K102 · INFU	COM	$252,569	26,173
ING GROEP N.V.456837103	SPONSORED ADR	$45.9m	1,461,399
INGLES MKTS INC457030104 · IMKTA	CL A	$12.6m	142,690
INGRAM MICRO HLDG CORP457152106 · INGM	COM	$38.6m	1,406,247
INGREDION INC457187102 · INGR	COM	$1.3m	14,056
INHIBRX BIOSCIENCES INC45720N103 · INBX	COM	$509,566	5,378
INMUNE BIO INC45782T105 · INMB	COM	$66,460	40,773
INNODATA INC457642205 · INOD	COM NEW	$1.1m	14,083
INNOSPEC INC45768S105 · IOSP	COM	$23.3m	285,849
INNOVAGE HLDG CORP45784A104 · INNV	COM	$1.9m	156,641
INNOVATIVE SOLUTIONS & SUPPO45769N105 · IA	COM	$4.7m	261,417
INNOVIVA INC45781M101 · INVA	COM	$22.1m	974,124
INNOVIZ TECHNOLOGIES LTDM5R635108 · INVZ	SHS	$337,170	442,946
INSIGHT ENTERPRISES INC45765U103 · NSIT	COM	$10.4m	85,091
INSMED INC457669307 · INSM	COM PAR $.01	$179.4m	1,682,334
INSTEEL INDS INC45774W108 · IIIN	COM	$11.2m	371,738
INSULET CORP45784P101 · PODD	COM	$101.1m	663,968
INTAPP INC45827U109 · INTA	COM	$7.1m	279,898
INTEGRA RES CORP45826T509 · ITRG	COM	$221,525	97,588
INTEL CORP458140100 · INTC	COM	$662.1m	4,741,620
INTEL CORP458140100 · INTC	COMCall	$120.5m	862,900
INTEL CORP458140100 · INTC	COMPut	$162.3m	1,162,400
INTER & CO INCG4R20B107 · INTR	CLASS A COM	$14.5m	2,663,407
INTERACTIVE BROKERS GROUP IN45841N107 · IBKR	COM CL A	$125.6m	1,442,839
INTERACTIVE BROKERS GROUP IN45841N107 · IBKR	COM CL ACall	$678,912	7,800
INTERACTIVE BROKERS GROUP IN45841N107 · IBKR	COM CL APut	$792,064	9,100
INTERCONTINENTAL EXCHANGE IN45866F104 · ICE	COM	$399.2m	3,242,299
INTERCONTINENTAL EXCHANGE IN45866F104 · ICE	COMCall	$1.2m	9,500
INTERCONTINENTAL EXCHANGE IN45866F104 · ICE	COMPut	$283,153	2,300
INTERCORP FINL SVCS INCP5626F128	SHS	$18.9m	331,336
INTERDIGITAL INC45867G101 · IDCC	COM	$340,605	1,203
INTERFACE INC458665304 · TILE	COM	$12.4m	346,603
INTERNATIONAL BUSINESS MACHS459200101 · IBM	COM	$436,438	1,552
INTERNATIONAL BUSINESS MACHS459200101 · IBM	COMCall	$38.0m	135,000
INTERNATIONAL BUSINESS MACHS459200101 · IBM	COMPut	$42.2m	150,200
INTERNATIONAL MONEY EXPRESS46005L101 · IMXI	COM	$16.6m	1,149,315
INTERNATIONAL TOWER HILL MIN46050R102 · THM	COM	$86,002	43,217
INTREPID POTASH INC46121Y201 · IPI	COM	$671,072	20,472
INTUIT461202103 · INTU	COM	$355.0m	1,360,061
INTUIT461202103 · INTU	COMCall	$19.3m	73,800
INTUIT461202103 · INTU	COMPut	$21.5m	82,500
INTUITIVE SURGICAL INC46120E602 · ISRG	COM NEW	$160.4m	403,350
INTUITIVE SURGICAL INC46120E602 · ISRG	COM NEWCall	$27.2m	68,400
INTUITIVE SURGICAL INC46120E602 · ISRG	COM NEWPut	$29.0m	73,000
INVENTIVA SA46124U107 · IVA	ADS	$1.5m	397,558
INVENTRUST PPTYS CORP46124J201 · IVT	COM NEW	$1.4m	40,177
INVESCO ACTVELY MNGD ETC FD46090F100	OPTIMUM YIELD	$630,150	39,682
ISHARES TR46435U861	CORE DIVID ETF	$406,806	6,604
ISHARES TR46436E403	MSCI US GARP ETF	$454,603	5,507
ISHARES TR46436E619	ESG ADVAN ETF	$2,955	68
ISHARES TR46436E767	ESG MSCI USA ETF	$3,681	53
ISHARES TR46438G562	NASDAQ TOP 30	$2,780	72
ISHARES TR46438G570	TOP 20 U S ETF	$11,193	340
ISHARES U S ETF TR46431W705	INT RT HDG C B	$33,435	359
ISHARES U S ETF TR46431W853	GSCI CMDTY STGY	$1.4m	46,170
ISPIRE TECHNOLOGY INC46501C100 · ISPR	COM	$40,843	36,467
ITAU UNIBANCO HLDG S A465562106	SPON ADR REP PFD	$59.9m	7,333,642
ITT INC45073V108 · ITT	COM	$66.5m	336,423
ITURAN LOCATION AND CONTROLM6158M104 · ITRN	SHS	$7.4m	120,959
IVANHOE ELECTRIC INC46578C108 · IE	COM	$475,868	49,518
J & J SNACK FOODS CORP466032109 · JJSF	COM	$19.4m	264,557
J P MORGAN EXCHANGE TRADED F46641Q191	BETA EURO ET NE	$48,295	621
J P MORGAN EXCHANGE TRADED F46641Q209	DIV RTN INT EQ	$7,737	107
J P MORGAN EXCHANGE TRADED F46641Q225	BETA CDA ETF NEW	$445,610	4,483
J P MORGAN EXCHANGE TRADED F46641Q266	ACTIVEBLDRS EMER	$210,932	3,302
J P MORGAN EXCHANGE TRADED F46641Q332	EQUITY PREMIUM	$410,384	7,266
J P MORGAN EXCHANGE TRADED F46641Q373	BETABUILDERS I	$116,105	1,487
J P MORGAN EXCHANGE TRADED F46641Q399	BETABUILDRS US	$92,957	690
J P MORGAN EXCHANGE TRADED F46641Q407	JPMORGAN DIVER	$140	1
J P MORGAN EXCHANGE TRADED F46641Q647	MUNICIPAL ETF	$433,556	8,559
J P MORGAN EXCHANGE TRADED F46641Q670	CORE PLUS BD ETF	$1.0m	21,568
MARCUS & MILLICHAP INC566324109 · MMI	COM	$4.0m	128,439
MARCUS CORP DEL566330106 · MCS	COM	$6.1m	261,048
MAREX GROUP PLCG5S37H101	ORD	$27.4m	449,433
MARKEL GROUP INC570535104 · MKL	COM	$65.2m	33,395
MARQETA INC57142B104	CLASS A COM	$8.3m	2,050,948
MARRIOTT INTL INC NEW571903202 · MAR	CL A	$84.7m	228,457
MARRIOTT INTL INC NEW571903202 · MAR	CL ACall	$1.0m	2,700
MARRIOTT INTL INC NEW571903202 · MAR	CL APut	$1.2m	3,200
MARSH & MCLENNAN COS INC571748102 · MRSH	COM	$3.3m	19,501
MARVELL TECHNOLOGY INC573874104 · MRVL	COMCall	$126.5m	424,800
MARVELL TECHNOLOGY INC573874104 · MRVL	COMPut	$107.5m	360,800
MASTEC INC576323109 · MTZ	COM	$170.3m	409,202
MASTERCARD INCORPORATED57636Q104 · MA	CL A	$401.6m	781,907
MASTERCARD INCORPORATED57636Q104 · MA	CL ACall	$31.7m	61,800
MASTERCARD INCORPORATED57636Q104 · MA	CL APut	$35.6m	69,300
MATADOR RES CO576485205 · MTDR	COM	$38.1m	765,922
MATCH GROUP INC NEW57667L107 · MTCH	COM	$105.5m	2,772,316
MATCH GROUP INC NEW57667L107 · MTCH	COMCall	$205,470	5,400

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.