Hedge fund

Renaissance Technologies LLC

13F for June 30, 2026, filed August 13, 2026 · SEC CIK 1037389 · Holdings history from September 30, 1999

Reported value: $72.6bn
Positions we cover: 2,619
Copy, a year: +14.4%
Copy Sharpe ratio: 0.78

Copy-performance statistics: August 16, 2013 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.

Holdings date Find a security

3,140 reported entries for June 30, 2026.

Issuer	Class / type	Reported value	Quantity
UTAH MED PRODS INC917488108 · UTMD	COM	$12.1m	175,814
UTSTARCOM HOLDINGS CORPG9310A122 · UTSI	ORDINARY SHARES	$133,185	53,488
UTZ BRANDS INC918090101 · UTZ	COM CL A	$1.2m	161,600
UWM HOLDINGS CORPORATION91823B109 · UWMC	COM CL A	$9.4m	4,106,460
V2X INC92242T101 · VVX	COM	$9.4m	125,500
VAALCO ENERGY INC91851C201 · EGY	COM NEW	$6.0m	1,181,526
VALARIS LTDG9460G101 · VAL	CL A	$4.9m	67,400
VALENS SEMICONDUCTOR LTDM9607U115 · VLN	ORDINARY SHARES	$3.3m	1,468,229
VALERO ENERGY CORP91913Y100 · VLO	COM	$34.1m	130,988
VALE S A91912E105 · VALE	SPONSORED ADS	$67.0m	4,452,159
VALHI INC NEW918905209 · VHI	COM	$1.9m	129,117
VALKYRIE ETF TRUST II91917A207	COINSHARES BITCN	$3.0m	47,544
VALMONT INDS INC920253101 · VMI	COM	$45.2m	78,320
VALUE LINE INC920437100 · VALU	COM	$429,088	10,600
VANDA PHARMACEUTICALS INC921659108 · VNDA	COM	$21.1m	3,441,361
VANECK BITCOIN ETF92189K105	SH BEN INT	$1.5m	91,200
VANECK ETF TRUST92189F106	GOLD MINERS ETF	$106.0m	1,405,199
VANECK ETF TRUST92189H409	HIGH YLD MUNIETF	$9.7m	188,097
VANECK ETF TRUST92189F791	JUNIOR GOLD MINE	$34.9m	355,276
VANECK ETF TRUST92189H607	OIL SERVICES ETF	$10.7m	28,806
VANECK MERK GOLD ETF921078101	GOLD SHS	$544,119	14,100
VANGUARD ADMIRAL FDS INC921932505	500 GRTH IDX F	$1.1m	13,613
VANGUARD ADMIRAL FDS INC921932703	500 VAL IDX FD	$789,156	3,600
VANGUARD BD INDEX FDS921937819	INTERMED TERM	$3.1m	40,542
VANGUARD BD INDEX FDS921937827	SHORT TRM BOND	$7.1m	91,055
VANGUARD BD INDEX FDS921937835	TOTAL BND MRKT	$23.7m	323,400
INVESCO EXCHANGE TRADED FD T46137V241	S&P500 QUALITY	$1.1m	12,535
INVESCO EXCHANGE TRADED FD T46137V233	S&P 500 TOP 50	$3.3m	53,300
INVESCO EXCHANGE TRADED FD T46137V464	S&P MDCP MOMNTUM	$3.8m	22,352
INVESCO EXCHANGE TRADED FD T46137V134	WILDERHIL CLAN	$1.6m	42,087
INVESCO EXCH TRADED FD TR II46138E628	KBW BK ETF	$7.5m	81,040
INVESCO EXCH TRADED FD TR II46138G649	NASDAQ 100 ETF	$18.5m	61,000
INVESCO EXCH TRADED FD TR II46138E537	NATL AMT MUNI	$7.6m	322,300
INVESCO EXCH TRADED FD TR II46138G706	SOLAR ETF	$3.0m	50,955
INVESCO EXCH TRADED FD TR II46138E370	S&P 500 HB ETF	$373,416	2,400
INVESCO EXCH TRADED FD TR II46138G698	S&P 500 REVENUE	$1.1m	8,600
INVESCO MORTGAGE CAPITAL INC46131B704 · IVR	COM	$2.3m	288,700
INVESCO QQQ TR46090E103	UNIT SER 1	$150.7m	204,600
INVESTAR HOLDING CORP46134L105 · ISTR	COM	$3.9m	131,675
INVESTMENT MANAGERS SER TR I46092D665	TRAD 2X APLD ETF	$233,458	11,300
INVESTMENT MANAGERS SER TR I46152A494	TRADR 2X LONG	$388,772	16,600
INVESTMENT MANAGERS SER TR I46152A452	TRADR 2X LONG	$420,810	49,800
INVESTMENT MANAGERS SER TR I46152A528	TRADR 2X LONG	$711,630	7,494
INVESTMENT MANAGERS SER TR I46092D384	TRADR 2X SHORT	$1.1m	65,504
INVESTMENT MANAGERS SER TR46143U542	TRADR 2X LONG	$518,974	18,800
INVESTORS TITLE CO NC461804106 · ITIC	COM	$494,540	1,807
INVITATION HOMES INC46187W107 · INVH	COM	$31.8m	1,051,283
INVIVYD INC00534A102 · IVVD	COM	$868,329	995,334
IONIS PHARMACEUTICALS INC462222100 · IONS	COM	$44.4m	559,414
IPG PHOTONICS CORP44980X109 · IPGP	COM	$14.3m	122,200
IRADIMED CORP46266A109 · IRMD	COM	$37.7m	394,412
IRHYTHM HOLDINGS INC450056106 · IRTC	COM	$4.6m	38,500
IRIDEX CORP462684101 · IRIX	COM	$484,958	423,542
IRIDIUM COMMUNICATIONS INC46269C102 · IRDM	COM	$33.4m	609,799
IRON MTN INC DEL46284V101 · IRM	COM	$972,587	7,700
IRONWOOD PHARMACEUTICALS INC46333X108 · IRWD	COM CL A	$33.7m	7,993,226
ISHARES BITCOIN TRUST ETF46438F101	SHS BEN INT	$46.7m	1,403,942
ISHARES ETHEREUM TR46438R105	SHS	$6.5m	549,000
ISHARES GOLD TR464285204	ISHARES NEW	$14.8m	195,400
ISHARES GOLD TRUST MICRO46436F103	SHS REPSTG UN TR	$3.3m	81,791
ISHARES INC46434G863	ESG AWR MSCI EM	$1.5m	27,600
ISHARES INC464286400	MSCI BRAZIL ETF	$10.7m	311,007
ISHARES INC464286533	MSCI EMERG MRKT	$2.0m	26,400
ISHARES INC46434G848	MSCI GBL ETF NEW	$895,510	15,400
ISHARES INC46434G855	MSCI GBL GOLD MN	$342,251	5,298
ISHARES INC46434G822	MSCI JAPAN ETF	$2.3m	25,131
ISHARES INC464286772	MSCI STH KOR ETF	$6.2m	30,641
ISHARES INC464286749	MSCI SWITZERLAND	$414,810	6,600
ISHARES INC464286392	MSCI WORLD ETF	$5.7m	28,200
ISHARES SILVER TR46428Q109	ISHARES	$28.8m	537,900
ISHARES TR464287432	20 YR TR BD ETF	$13.9m	161,086
ISHARES TR464288661	3 7 YR TREAS BD	$8.9m	75,500
ISHARES TR464287440	7-10 YR TRSY BD	$4.1m	43,108
ISHARES TR464288430	ASIA 50 ETF	$623,304	4,400
ISHARES TR464288356	CALIF MUN BD ETF	$6.4m	111,073
ISHARES TR46435G102	CONV BD ETF	$1.8m	14,700
ISHARES TR464289867	CORE 60 BALA ETF	$924,350	13,300
ISHARES TR46434V621	CORE DIV GRWTH	$5.1m	66,700
ISHARES TR46429B663	CORE HIGH DV ETF	$630,430	23,000
ISHARES TR46435G672	CORE INTL AGGR	$5.6m	110,296
ISHARES TR46432F842	CORE MSCI EAFE	$1.6m	16,700
ISHARES TR464287200	CORE S&P500 ETF	$14.2m	18,980
ISHARES TR464287150	CORE S&P TTL STK	$7.5m	45,800
ISHARES TR464287663	CORE S&P US VLU	$2.7m	24,500
ISHARES TR46434V613	CORE UNIVRSL USD	$4.0m	87,500
ISHARES TR464287226	CORE US AGGBD ET	$16.8m	169,699
ISHARES TR464288521	CRE U S REIT ETF	$3.1m	46,219
ISHARES TR464288885	EAFE GRWTH ETF	$236,398	1,900
LINEAGE CELL THERAPEUTICS IN53566P109 · LCTX	COM	$1.8m	1,344,829
LINEAGE INC53566V106 · LINE	COM	$1.8m	40,900
LIONSGATE STUDIOS CORP53626N102 · LION	COM	$342,944	22,400
LIPOCINE INC NEW53630X203 · LPCN	COM NEW	$177,175	69,209
LIQUIDIA CORPORATION53635D202 · LQDA	COM NEW	$18.5m	232,353
LIQUIDITY SVCS INC53635B107 · LQDT	COM	$56.3m	1,439,987
LITE STRATEGY INC55279B301 · LITS	COM	$1.2m	1,247,350
LIVANOVA PLCG5509L101 · LIVN	SHS	$9.3m	113,400
LIVEONE INC53814X300 · LVO	COM NEW	$410,227	64,098
LIVEPERSON INC538146309	COM	$26,811	14,111
LIVERAMP HLDGS INC53815P108 · RAMP	COM	$12.2m	323,399
LIVE VENTURES INC538142308 · LIVE	COM NEW	$263,987	26,399

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 Renaissance Technologies LLC's usable filed holdings in companies we cover from August 16, 2013, 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 −33.1% (S&P 500 −31.8%); beta 0.97; alpha +0.6% a year (t = 0.46); last 12 months +10.7% against +12.1%.

Reported value by quarter

Renaissance Technologies 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
2009-12-31	$918B
2013-06-30	$38.1B
2013-09-30	$41.2B
2013-12-31	$41.8B
2014-03-31	$41.7B
2014-06-30	$42.9B
2014-09-30	$36.5B
2014-12-31	$41.4B
2015-03-31	$47B
2015-06-30	$43.9B
2015-09-30	$41.9B
2015-12-31	$45.9B
2016-03-31	$52.6B
2016-06-30	$52.5B
2016-09-30	$56.6B
2016-12-31	$63.2B
2017-03-31	$71.6B
2017-06-30	$78.4B
2017-09-30	$85B
2017-12-31	$90.7B
2018-03-31	$91.4B
2018-06-30	$91.7B
2018-09-30	$97.3B
2018-12-31	$91.3B
2019-03-31	$110B
2019-06-30	$113.6B
2019-09-30	$118.1B
2019-12-31	$130.1B
2020-03-31	$103B
2020-06-30	$115.8B
2020-09-30	$100.2B
2020-12-31	$92.1B
2021-03-31	$80.4B
2021-06-30	$80.1B
2021-09-30	$77.4B
2021-12-31	$80.4B
2022-03-31	$85.2B
2022-06-30	$84.5B
2022-09-30	$70.7B
2024-06-30	$59B
2024-09-30	$66.5B
2024-12-31	$67.6B
2025-03-31	$66.1B
2025-06-30	$75.2B
2025-09-30	$75.8B
2025-12-31	$64.5B
2026-03-31	$63.9B
2026-06-30	$72.6B

Latest covered holdings and moves

Covered holdings as of June 30, 2026.

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	1.95%	$1.4bn	7.09M	+180.6% Added
METAMeta Platforms	1.57%	$1.1bn	2.02M	+698.5% Added
INTCIntel	1.41%	$1.0bn	7.32M	−1.0% Reduced
UTHRUnited Therapeutics Corp	1.27%	$925.8m	1.71M	−4.4% Reduced
PLTRPalantir Technologies Inc.	1.22%	$883.0m	7.57M	+8.3% Added
GOOGLAlphabet Inc. (Class A)	1.14%	$828.2m	2.32M	+327.2% Added
EXELExelixis, Inc.	1.01%	$730.6m	13.43M	−2.2% Reduced
VRSNVerisign Inc	0.85%	$616.3m	2.45M	−13.1% Reduced
CRWDCrowdStrike	0.79%	$571.6m	749.0K	New
STRLSterling Infrastructure, Inc.	0.78%	$564.2m	672.2K	−12.4% Reduced
AMZNAmazon	0.75%	$546.0m	2.29M	New
AGXArgan Inc	0.71%	$517.8m	648.4K	+6.1% Added
NFLXNetflix	0.67%	$484.7m	6.79M	+275718.1% Added
CVXChevron Corporation	0.66%	$475.8m	2.87M	+42.4% Added
TSLATesla, Inc.	0.64%	$467.3m	1.11M	+425.8% Added
AMDAdvanced Micro Devices	0.64%	$463.8m	829.7K	+282.4% Added
AAPLApple Inc.	0.63%	$459.1m	1.59M	−48.4% Reduced
CORTCorcept Therapeutics Inc	0.63%	$457.5m	5.26M	−7.4% Reduced
ETSYEtsy Inc	0.62%	$451.3m	5.99M	+0.5%
STXSeagate Technology	0.61%	$441.3m	457.4K	+47.3% Added
FNVFranco Nevada Corp	0.58%	$424.6m	2.04M	−8.2% Reduced
TXNTexas Instruments	0.58%	$417.9m	1.40M	+64.7% Added
WWayfair Inc.	0.57%	$417.2m	4.51M	−9.2% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD	0.56%	$405.5m	849.1K	+49.5% Added
INCYIncyte	0.55%	$398.1m	3.51M	−3.8% Reduced
NBIXNeurocrine Biosciences Inc	0.54%	$393.7m	2.34M	−3.4% Reduced
RBLXRoblox Corp	0.51%	$370.5m	6.81M	−4.4% Reduced
WDCWestern Digital	0.47%	$343.3m	537.5K	−53.1% Reduced
ALKSAlkermes plc.	0.47%	$338.5m	6.46M	+4.9% Added
CVNACarvana	0.46%	$337.2m	5.12M	+326.4% Added
AVGOBroadcom	0.44%	$321.0m	849.8K	+7.1% Added
PEverpure	0.40%	$288.0m	3.66M	−2.8% Reduced
GILDGilead Sciences	0.39%	$280.1m	2.22M	+3.0% Added
DELLDell Technologies	0.38%	$279.0m	646.7K	−10.4% Reduced
MCKMcKesson	0.38%	$272.8m	361.1K	+208.0% Added
AZOAutoZone	0.37%	$269.3m	84.3K	+146.4% Added
TJXTJX Companies	0.36%	$262.0m	1.73M	+625.1% Added
RDDTReddit, Inc.	0.35%	$251.7m	1.45M	−7.4% Reduced
CBOECboe Global Markets	0.34%	$249.1m	1.03M	−6.7% Reduced
MDTMedtronic	0.34%	$247.8m	3.17M	New
MUMicron Technology	0.34%	$244.2m	211.6K	−90.2% Reduced
NVMINova LTD.	0.34%	$243.6m	448.6K	−12.2% Reduced
CRDOCredo Technology Group Holding Ltd	0.32%	$229.6m	844.2K	+133.0% Added
MSTRStrategy Inc	0.31%	$222.0m	2.55M	+19.8% Added
ABNBAirbnb	0.30%	$220.8m	1.54M	−15.7% Reduced
HOODRobinhood Markets	0.30%	$220.2m	2.20M	−57.0% Reduced
MEDPMedpace Holdings, Inc.	0.30%	$220.1m	415.6K	−17.7% Reduced
ALSNAllison Transmission Holdings Inc	0.30%	$218.6m	1.94M	−14.2% Reduced
COPConocoPhillips	0.29%	$210.3m	2.02M	New
SHELShell plc	0.29%	$209.0m	2.70M	New
ZMZoom Communications, Inc.	0.28%	$205.5m	2.38M	−3.2% Reduced
BEBloom Energy	0.28%	$204.5m	675.7K	+26.1% Added
ISRGIntuitive Surgical	0.28%	$200.6m	504.4K	+261.9% Added
INTUIntuit	0.28%	$199.7m	765.0K	New
SMCISupermicro	0.27%	$199.0m	6.79M	+11323.6% Added
DBXDropbox, Inc.	0.27%	$198.2m	7.21M	−6.6% Reduced
MELIMercadolibre Inc	0.27%	$197.7m	116.5K	−3.2% Reduced
ROKURoku, Inc	0.27%	$196.8m	1.42M	−9.0% Reduced
NEMNewmont	0.26%	$188.6m	2.02M	+20.8% Added
ENVAEnova International, Inc.	0.26%	$187.1m	777.3K	+3.6% Added
BXBlackstone Inc.	0.25%	$184.8m	1.57M	+9.7% Added
MUSAMurphy USA Inc.	0.25%	$183.3m	340.2K	+46.7% Added
SCHWCharles Schwab Corporation	0.24%	$176.3m	1.91M	New
KVUEKenvue	0.24%	$172.5m	9.02M	+117.9% Added
LNGCheniere Energy, Inc.	0.24%	$171.9m	719.4K	+128.9% Added
LITELumentum	0.24%	$171.3m	199.6K	−1.6% Reduced
LOGILogitech International S.a.	0.24%	$171.0m	1.82M	−12.2% Reduced
VIRTVirtu Financial, Inc.	0.23%	$170.9m	2.87M	−2.1% Reduced
SFMSprouts Farmers Market, Inc.	0.23%	$170.3m	2.01M	−17.4% Reduced
NKENike, Inc.	0.23%	$167.1m	4.07M	+1191.7% Added
KMBKimberly-Clark	0.23%	$164.6m	1.50M	+13.8% Added
DASHDoorDash	0.23%	$164.1m	889.5K	−37.6% Reduced
GDGeneral Dynamics	0.22%	$160.7m	453.7K	+1403.4% Added
VRTXVertex Pharmaceuticals	0.22%	$159.0m	320.0K	−24.1% Reduced
NYTNEW York Times Co	0.21%	$156.4m	2.23M	−18.9% Reduced
ICEIntercontinental Exchange	0.21%	$156.3m	1.27M	New
EATBrinker International, Inc	0.21%	$153.4m	913.3K	−1.0% Reduced
UNHUnitedHealth Group	0.21%	$152.5m	367.0K	−68.3% Reduced
LMTLockheed Martin	0.21%	$152.1m	298.5K	+53.4% Added
FIXComfort Systems USA	0.21%	$150.9m	76.2K	+34.4% Added
MRVLMarvell Technology	0.21%	$150.6m	505.4K	New
CMECME Group	0.21%	$150.2m	680.0K	+1854.2% Added
HLHecla Mining Co	0.21%	$150.2m	9.73M	+149.5% Added
FTDRFrontdoor, Inc.	0.20%	$145.7m	1.88M	+1.5% Added
NVONovo Nordisk A S	0.20%	$145.4m	3.03M	−10.7% Reduced
ILMNIllumina, Inc.	0.20%	$145.3m	826.6K	−15.0% Reduced
DHRDanaher Corporation	0.20%	$144.9m	760.6K	+12.1% Added
AGIAlamos Gold Inc	0.20%	$144.8m	4.77M	−6.7% Reduced
PBRPetrobras - Petroleo Brasileiro SA	0.20%	$141.9m	8.78M	+14.6% Added
CNCCentene Corporation	0.19%	$140.7m	2.19M	+30.1% Added
PRPermian Resources Corp	0.19%	$140.0m	7.61M	−2.9% Reduced
DAVEDave Inc.	0.19%	$136.9m	367.4K	−14.9% Reduced
DOCUDocusign, Inc.	0.19%	$136.6m	3.08M	−3.0% Reduced
MTCHMatch Group, Inc.	0.19%	$136.6m	3.59M	+12.4% Added
JAZZJazz Pharmaceuticals plc	0.19%	$135.4m	562.1K	−31.4% Reduced
RIVNRivian Automotive, Inc. / DE	0.18%	$131.9m	7.60M	−30.4% Reduced
FROGJfrog Ltd	0.18%	$131.3m	1.45M	−8.3% Reduced
EDUNew Oriental Education & Technology Group Inc.	0.18%	$131.2m	2.86M	−3.1% Reduced
ROSTRoss Stores	0.18%	$131.1m	615.7K	+1390.9% Added
CAHCardinal Health	0.18%	$130.7m	550.1K	+59.5% Added
MOAltria	0.18%	$128.2m	1.78M	+6.3% Added
MSIMotorola Solutions	0.17%	$127.4m	306.9K	−24.3% Reduced
CRCLCircle Internet Group, Inc.	0.17%	$127.3m	2.03M	+13.5% Added
TTDTrade Desk, Inc.	0.17%	$127.0m	7.02M	+29.1% Added
CALMCal-maine Foods Inc	0.17%	$126.4m	1.57M	−11.8% Reduced
JPMJPMorgan Chase	0.17%	$126.2m	385.7K	−44.0% Reduced
NTESNetease, Inc.	0.17%	$124.5m	971.8K	−28.7% Reduced
BTUPeabody Energy Corp	0.17%	$122.8m	5.31M	−10.4% Reduced
VSTVistra Corp.	0.17%	$121.4m	765.3K	−27.9% Reduced
CVLTCommvault Systems Inc	0.17%	$120.3m	848.9K	−22.7% Reduced
CNKCinemark Holdings, Inc.	0.17%	$119.7m	3.77M	−5.6% Reduced
LYFTLyft, Inc.	0.17%	$119.6m	8.19M	−10.6% Reduced
COFCapital One	0.16%	$118.7m	591.5K	−20.0% Reduced
NTNXNutanix, Inc.	0.16%	$115.1m	2.26M	−17.1% Reduced
RDWRedwire Corp	0.16%	$115.0m	9.40M	New
GEGE Aerospace	0.16%	$114.7m	306.8K	−25.9% Reduced
CMGChipotle Mexican Grill	0.16%	$114.4m	3.36M	+272.6% Added
BLKBlackRock	0.16%	$114.2m	118.7K	New
CHTChunghwa Telecom Co LTD	0.16%	$113.6m	2.57M	−7.2% Reduced
OTISOtis Worldwide	0.16%	$113.4m	1.58M	−6.3% Reduced
CNQCanadian Natural Resources Ltd	0.16%	$113.0m	2.86M	New
MNDYMonday.com Ltd.	0.15%	$112.7m	1.56M	−28.6% Reduced
DXCMDexcom	0.15%	$109.8m	1.63M	+3.0% Added
RPRXRoyalty Pharma plc	0.15%	$108.5m	1.94M	+144.7% Added
WYNNWynn Resorts	0.15%	$107.7m	1.11M	−10.5% Reduced
BBarrick Mining Corp	0.15%	$106.8m	2.91M	−46.9% Reduced
UIUbiquiti Inc.	0.15%	$105.9m	198.3K	−9.4% Reduced
PRDOPerdoceo Education Corp	0.14%	$105.6m	3.30M	−5.8% Reduced
TERTeradyne	0.14%	$105.5m	218.1K	+32.3% Added
TVTXTravere Therapeutics, Inc.	0.14%	$104.1m	1.83M	−6.8% Reduced
BBBlackberry Ltd	0.14%	$103.7m	8.19M	+131.1% Added
NOCNorthrop Grumman	0.14%	$103.6m	203.4K	+1933.8% Added
HPQHP Inc.	0.14%	$103.1m	4.70M	−36.7% Reduced
ITWIllinois Tool Works	0.14%	$103.1m	381.2K	−42.2% Reduced
BSXBoston Scientific	0.14%	$102.9m	2.41M	−23.5% Reduced
RYAAYRyanair Holdings PLC	0.14%	$101.5m	1.57M	−13.8% Reduced
TMUST-Mobile US	0.14%	$101.4m	604.6K	+115.3% Added
PAASPAN American Silver Corp	0.14%	$101.3m	2.26M	+73.7% Added
ZTSZoetis	0.14%	$100.8m	1.40M	+456.9% Added
LGNLegence Corp.	0.14%	$100.6m	1.18M	+103.6% Added
TTCToro Co	0.14%	$100.1m	1.03M	+1.8% Added
TDToronto Dominion Bank	0.14%	$99.0m	815.3K	+747.7% Added
WSMWilliams-Sonoma, Inc.	0.14%	$97.9m	419.9K	−38.3% Reduced
BKDBrookdale Senior Living Inc.	0.13%	$95.8m	5.95M	−22.3% Reduced
VLTOVeralto	0.13%	$95.7m	1.08M	−22.5% Reduced
CRVLCorvel Corp	0.13%	$95.6m	1.53M	−5.5% Reduced
MCHPMicrochip Technology Inc	0.13%	$95.4m	1.05M	+3588.7% Added
CICigna	0.13%	$95.2m	345.5K	+57.8% Added
MCDMcDonald's	0.13%	$94.9m	351.1K	−35.3% Reduced
TGTTarget Corporation	0.13%	$94.8m	725.6K	+76.8% Added

Company	Bought (value)	Shares
METAMeta Platforms	$996.9m	1.77M
NVDANVIDIA Corporation	$913.3m	4.56M
GOOGLAlphabet Inc. (Class A)	$634.3m	1.77M
CRWDCrowdStrike	$571.6m	749.0K
AMZNAmazon	$546.0m	2.29M
NFLXNetflix	$484.5m	6.79M
TSLATesla, Inc.	$378.4m	899.7K
AMDAdvanced Micro Devices	$342.5m	612.8K
CVNACarvana	$258.1m	3.92M
MDTMedtronic	$247.8m	3.17M
TJXTJX Companies	$225.9m	1.49M
COPConocoPhillips	$210.3m	2.02M
SHELShell plc	$209.0m	2.70M
INTUIntuit	$199.7m	765.0K
SMCISupermicro	$197.3m	6.73M

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

Company	Sold (value)	Shares
MUMicron Technology	−$2.3bn	−1.95M
SNDKSandisk	−$1.8bn	−794.6K
AAPLApple Inc.	−$430.9m	−1.49M
WDCWestern Digital	−$388.8m	−608.7K
UNHUnitedHealth Group	−$328.9m	−791.4K
LINLinde plc	−$324.2m	−624.7K
VRTVertiv	−$313.8m	−937.2K
HOODRobinhood Markets	−$291.6m	−2.91M
VVisa Inc.	−$189.9m	−553.5K
NUNu Holdings Ltd.	−$179.6m	−13.44M
AXPAmerican Express	−$174.6m	−516.3K
APPApplovin Corp	−$173.7m	−436.5K
BABoeing	−$170.7m	−788.7K
VALEVale S.a.	−$144.4m	−9.60M
FCXFreeport-McMoRan	−$143.7m	−2.29M

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

Company	Value last quarter	Shares
APPApplovin Corp	$173.7m	436.5K
UBERUber	$129.2m	1.80M
NOWServiceNow	$126.1m	1.21M
UPSUnited Parcel Service	$121.5m	1.23M
PDDPDD Holdings Inc.	$113.7m	1.11M
MSMorgan Stanley	$110.9m	674.1K
AALAmerican Airlines Group Inc.	$104.0m	9.69M
DEDeere & Company	$102.5m	181.9K
MAMastercard	$97.3m	194.7K
FUTUFutu Holdings Ltd	$91.8m	671.0K
VZVerizon	$86.0m	1.71M
HPEHewlett Packard Enterprise	$85.3m	3.58M
ECLEcolab	$83.4m	313.4K
CRHCRH plc	$79.1m	752.7K
ZIMZIM Integrated Shipping Services Ltd.	$77.4m	2.94M
CCitigroup	$76.5m	674.7K
TMOThermo Fisher Scientific	$68.3m	139.0K
QCOMQualcomm	$68.3m	530.3K
BACBank of America	$67.5m	1.38M
ALLAllstate	$65.9m	317.7K
MRSHMarsh McLennan	$63.4m	365.5K
BMYBristol Myers Squibb	$59.3m	977.1K
SMRNuscale Power Corp	$59.1m	5.46M
RFRegions Financial Corporation	$56.0m	2.14M
FTAIFTAI Aviation Ltd.	$52.2m	212.9K
BAMBrookfield Asset Management Ltd.	$49.0m	1.10M
AAOIApplied Optoelectronics, Inc.	$47.8m	565.3K
MRNAModerna	$44.8m	881.2K
CDNSCadence Design Systems Inc	$44.6m	160.5K
HIMSHims & Hers Health, Inc.	$44.0m	2.12M

Technology25.1%
Health Care15.7%
Industrials12.2%
Consumer Discretionary11.8%
Financials9.3%
Communication Services8.5%
Energy5.2%
Materials4.7%
Consumer Staples3.1%
Real Estate2.2%
Utilities2.1%

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 16, 2013 to November 2, 2026	+14.4%	+14.1%	0.78	0.78	−33.1%	0.97
2018 onwardsJanuary 5, 2018 to November 2, 2026	+13.2%	+13.9%	0.61	0.66	−33.1%	0.98
Last three yearsNovember 3, 2023 to November 2, 2026	+21.5%	+21.8%	1.07	1.16	−17.2%	0.97
Last yearNovember 7, 2025 to November 2, 2026	+13.1%	+14.2%	0.69	0.84	−8.2%	0.93

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.