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
ESSENTIAL UTILS INC29670G102 · WTRG	COM	$68.0m	1,774,130
ESTABLISHMENT LABS HLDGS INCG31249108 · ESTA	COM	$2.0m	23,100
ETF OPPORTUNITIES TRUST26923N512	SMI FULL ETF	$4,177	143
ETF OPPORTUNITIES TRUST26923N538	REX AI EQUIT ETF	$2.1m	57,170
ETF OPPORTUNITIES TRUST26923Q747	HEDGEYE CAPITAL	$55,583	2,036
ETF SER SOLUTIONS26922A321	DISTILLATE US	$2.7m	44,361
ETF SER SOLUTIONS26922A420	DEFIA QUANT ETF	$1.3m	8,143
ETORO GROUP LTDG32089107 · ETOR	SHS CL A	$12.5m	315,831
ETSY INC29786A106 · ETSY	COMCall	$2.9m	38,700
ETSY INC29786A106 · ETSY	COMPut	$715,635	9,500
EUPRAXIA PHARMACEUTICALS INC29842P105 · EPRX	COM	$226,307	34,237
EUROSEAS LTDY23592135 · ESEA	SHS	$1.3m	20,128
EVERCORE INC29977A105 · EVR	CLASS A	$85.4m	250,095
EVERPURE INC74624M102 · P	CL A	$3.6m	45,699
EVERPURE INC74624M102 · P	CL ACall	$267,886	3,400
EVERPURE INC74624M102 · P	CL APut	$2.2m	28,100
EVERQUOTE INC30041R108 · EVER	COM CL A	$425,651	17,892
EVERUS CONSTR GROUP300426103 · ECG	COM	$41.3m	248,720
EVGO INC30052F100 · EVGO	CL A COM	$5.8m	3,036,133
MERCK & CO INC58933Y105 · MRK	COM	$134.2m	1,044,210
MERCK & CO INC58933Y105 · MRK	COMCall	$22.5m	175,100
MERCK & CO INC58933Y105 · MRK	COMPut	$47.8m	371,600
MERCURY GENL CORP NEW589400100 · MCY	COM	$7.8m	73,570
MERIDIAN CORP58958P104 · MRBK	COM	$4.4m	217,353
MERIT MED SYS INC589889104 · MMSI	COM	$832,704	12,009
MERITAGE HOMES CORP59001A102 · MTH	COM	$16.8m	200,476
MESA LABS INC59064R109 · MLAB	COM	$3.7m	37,402
META PLATFORMS INC30303M102 · META	CL A	$105.4m	187,080
META PLATFORMS INC30303M102 · META	CL ACall	$110.6m	196,300
META PLATFORMS INC30303M102 · META	CL APut	$142.0m	252,100
METAGENOMI THERAPEUTICS INC59102M104 · MGX	COM	$20,052	16,850
METALLA RTY & STREAMING LTD59124U605 · MTA	COM NEW	$225,789	29,670
METALLUS INC887399103 · MTUS	COM	$615,910	32,954
METHANEX CORP59151K108 · MEOH	COM	$18.6m	401,973
METLIFE INC59156R108 · MET	COM	$6.1m	71,580
METLIFE INC59156R108 · MET	COMCall	$42,305	500
METLIFE INC59156R108 · MET	COMPut	$8,461	100
METROPOLITAN BK HLDG CORP591774104 · MCB	COM	$15.7m	158,921
MGE ENERGY INC55277P104 · MGEE	COM	$26.9m	329,710
MGM RESORTS INTERNATIONAL552953101 · MGM	COM	$8.5m	177,635
MGM RESORTS INTERNATIONAL552953101 · MGM	COMCall	$1.3m	27,500
MGM RESORTS INTERNATIONAL552953101 · MGM	COMPut	$1.9m	40,000
MIAMI INTL HLDGS INC59356Q108 · MIAX	COM	$3.8m	101,105
MICROBOT MED INC59503A204 · MBOT	COM NEW	$26,313	13,494
MICROCHIP TECHNOLOGY INC.595017104 · MCHP	COM	$142.0m	1,557,339
MICROCHIP TECHNOLOGY INC.595017104 · MCHP	COMCall	$611,040	6,700
MICROCHIP TECHNOLOGY INC.595017104 · MCHP	COMPut	$5.4m	59,500
MICRON TECHNOLOGY INC595112103 · MU	COM	$871.0m	754,752
MICRON TECHNOLOGY INC595112103 · MU	COMPut	$683.3m	592,000
MICRON TECHNOLOGY INC595112103 · MU	COMCall	$265.7m	230,200
MICROSOFT CORP594918104 · MSFT	COM	$586.9m	1,573,414
MICROSOFT CORP594918104 · MSFT	COMCall	$592.3m	1,587,900
MICROSOFT CORP594918104 · MSFT	COMPut	$351.3m	941,800
MICROVISION INC DEL594960304	COM NEW	$78,626	240,446
MID PENN BANCORP INC59540G107 · MPB	COM	$4.6m	132,679
MIDDLEBY CORP596278101 · MIDD	COM	$12.6m	73,246
MILLER INDS INC TENN600551204 · MLR	COM NEW	$1.2m	23,260
MILLROSE PPTYS INC601137102 · MRP	COM CL A	$9.1m	303,790
MIMEDX GROUP INC602496101 · MDXG	COM	$3.8m	990,228
MINERALS TECHNOLOGIES INC603158106 · MTX	COM	$13.9m	188,056
MINERALYS THERAPEUTICS INC603170101 · MLYS	COM	$6.7m	249,776
MISTRAS GROUP INC60649T107 · MG	COM	$4.8m	275,749
MITSUBISHI UFJ FINANCIAL GRO606822104	SPONSORED ADS	$7.4m	373,090
MIZUHO FINANCIAL GROUP INC60687Y109	SPONSORED ADR	$2.8m	297,365
MKS INC.55306N104 · MKSI	COM	$269.6m	606,068
MMTEC INCG6181K122 · MTC	SHS NEW	$295,715	118,286
MNTN INC55318A108 · MNTN	CL A	$1.4m	151,846
MOBILE INFRASTRUCTURE CORP60739N101 · BEEP	COM SHS	$27,872	20,197
MODERNA INC60770K107 · MRNA	COM	$63.5m	907,157
MODERNA INC60770K107 · MRNA	COMCall	$16.2m	231,200
MODERNA INC60770K107 · MRNA	COMPut	$13.7m	195,100
MODINE MFG CO607828100 · MOD	COM	$45.0m	168,341
MOLSON COORS BEVERAGE CO60871R209 · TAP	CL B	$4.6m	117,017
MONARCH CASINO & RESORT INC609027107 · MCRI	COM	$11.4m	86,983
MONDAY COM LTDM7S64H106 · MNDY	SHS	$7.3m	100,558
MONDELEZ INTL INC609207105 · MDLZ	CL A	$12.5m	215,657
MONDELEZ INTL INC609207105 · MDLZ	CL ACall	$75,192	1,300
MONDELEZ INTL INC609207105 · MDLZ	CL APut	$803,976	13,900
MONGODB INC60937P106 · MDB	CL A	$176.4m	525,212
MONGODB INC60937P106 · MDB	CL ACall	$10.2m	30,500
MONGODB INC60937P106 · MDB	CL APut	$8.1m	24,200
MONOLITHIC PWR SYS INC609839105 · MPWR	COM	$89.2m	64,548
MONOLITHIC PWR SYS INC609839105 · MPWR	COMCall	$276,472	200
MONOLITHIC PWR SYS INC609839105 · MPWR	COMPut	$1.9m	1,400
MONSTER BEVERAGE CORP NEW61174X109 · MNST	COMCall	$1.7m	17,200
SANFILIPPO JOHN B & SON INC800422107 · JBSS	COM	$2.9m	34,043
SANMINA CORP801056102 · SANM	COM	$53.1m	209,695
SANOFI SA80105N105	SPONSORED ADR	$27.1m	634,794
SAP SE803054204 · SAP	SPON ADRCall	$2.2m	14,300
SAP SE803054204 · SAP	SPON ADRPut	$1.3m	8,500
SAREPTA THERAPEUTICS INC803607100 · SRPT	COM	$11.0m	609,796
SAVERS VALUE VLG INC80517M109 · SVV	COM	$10.4m	1,030,711
SB FINL GROUP INC78408D105 · SBFG	COM	$250,704	9,921
SBA COMMUNICATIONS CORP78410G104 · SBAC	CL A	$33.3m	188,930
SCHNEIDER NATIONAL INC80689H102 · SNDR	CL B	$9.2m	250,739
SCHOLAR ROCK HLDG CORP80706P103 · SRRK	COM	$25.5m	463,730
SCHOLASTIC CORP807066105 · SCHL	COM	$18.8m	409,320
SCHWAB CHARLES CORP808513105 · SCHW	COM	$188.0m	2,037,800
SCHWAB CHARLES CORP808513105 · SCHW	COMCall	$11.3m	122,400
SCHWAB CHARLES CORP808513105 · SCHW	COMPut	$10.3m	111,700

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.