DaveManuel.com · Institutional Ownership · 13F Holdings

Boston Common Asset Management, LLC

Reported holdings as of Q3 2026, from 32 quarterly filings.

CIK

1409427

Reported value

$1.7B

Positions

181

Top 10 weight

34.0%

Filed

2026-10-13

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$116.2M	254,658	6.74%	-0.77pp	32q	-4.0%-$4.8M
MICROSOFT CORP	MSFT	$86.0M	167,723	4.99%	+1.50pp	32q	+6.3%+$5.1M
NVIDIA CORPORATION	NVDA	$82.4M	360,821	4.78%	+0.45pp	12q	-1.1%-$918.8K
APPLE INC	AAPL	$77.8M	233,653	4.51%	+0.65pp	32q	+3.8%+$2.9M
ALPHABET INC	GOOGL	$51.0M	148,215	2.96%	-0.06pp	32q	+4.0%+$2.0M
BROADCOM INC	AVGO	$42.7M	121,497	2.47%	-0.06pp	15q	+7.4%+$3.0M
ALPHABET INC	GOOG	$36.3M	106,431	2.10%	-0.20pp	32q	-3.4%-$1.3M
VISA INC	V	$32.9M	91,514	1.91%	+0.10pp	32q	+3.0%+$967.3K
MERCK & CO INC	MRK	$31.2M	214,998	1.81%	+0.30pp	32q	+8.5%+$2.4M
MICRON TECHNOLOGY INC	MU	$30.0M	28,208	1.74%	+0.13pp	10q	+19.6%+$4.9M
MORGAN STANLEY	MS	$29.1M	154,972	1.69%	-0.27pp	32q	-1.9%-$576.8K
ELI LILLY & CO	LLY	$28.0M	24,195	1.62%	+0.02pp	14q	+7.3%+$1.9M
QUEST DIAGNOSTICS INC	DGX	$23.8M	102,025	1.38%	+0.18pp	6q	+6.6%+$1.5M
WABTEC	WAB	$21.5M	74,922	1.25%	+0.09pp	29q	+3.2%+$674.6K
COLGATE PALMOLIVE CO	CL	$21.1M	247,061	1.22%	-0.03pp	32q	+7.0%+$1.4M
HUBBELL INC	HUBB	$21.0M	46,350	1.22%	-0.12pp	7q	+7.0%+$1.4M
SPOTIFY TECHNOLOGY S A	SPOT	$20.5M	41,963	1.19%	-0.17pp	4q	-16.0%-$3.9M
NUSHARES ETF TR	NUSC	$19.9M	409,886	1.15%	-0.14pp	4q	-2.3%-$472.8K
NETFLIX INC.	NFLX	$19.7M	282,732	1.14%	-0.20pp	26q	-10.7%-$2.3M
HEWLETT PACKARD ENTERPRISE C	HPE	$18.7M	292,579	1.08%	+0.96pp	2q	+539.1%+$15.8M
ROCHE HLDG LTD SPONSORED ADR	RHHBY	$18.2M	350,571	1.05%	+0.14pp	32q	+16.8%+$2.6M
VERTIV HOLDINGS CO	VRT	$18.1M	75,065	1.05%	-0.42pp	11q	+1.6%+$280.4K
AMERICAN WTR WKS CO INC NEW	AWK	$17.4M	134,519	1.01%	+0.02pp	32q	+6.3%+$1.0M
BANK OF NY MELLON CORP	BNY	$17.0M	117,603	0.99%	+0.05pp	12q	+7.7%+$1.2M
CHUBB LIMITED	CB	$16.3M	50,193	0.95%	-0.09pp	11q	-2.1%-$355.2K
VERIZON COMMUNICATIONS INC	VZ	$15.8M	344,081	0.92%	+0.15pp	32q	+12.2%+$1.7M
XYLEM INC	XYL	$15.2M	150,056	0.88%	-0.12pp	32q	+5.0%+$718.8K
EDWARDS LIFESCIENCES CORP	EW	$15.0M	173,996	0.87%	+0.01pp	15q	+8.2%+$1.1M
GILEAD SCIENCES INC	GILD	$14.8M	99,047	0.86%	+0.22pp	30q	+17.3%+$2.2M
TJX COS INC NEW	TJX	$14.3M	108,085	0.83%	-0.15pp	32q	HELD
PALO ALTO NETWORKS INC	PANW	$14.1M	35,393	0.82%	-0.05pp	7q	-16.9%-$2.8M
CHARLES SCHWAB CORP (THE)	SCHW	$13.9M	141,980	0.80%	+0.17pp	32q	+21.4%+$2.4M
ANALOG DEVICES INC	ADI	$13.7M	34,458	0.79%	-0.11pp	32q	-9.7%-$1.5M
FIFTH THIRD BANCORP	FITB	$13.5M	266,083	0.78%	-0.01pp	23q	+12.7%+$1.5M
APPLIED MATLS INC	AMAT	$13.4M	26,238	0.78%	-1.33pp	32q	-46.7%-$11.7M
T MOBILE US INC	TMUS	$13.3M	81,585	0.77%	+0.02pp	13q	+8.5%+$1.0M
METLIFE INC	MET	$13.3M	140,761	0.77%	+0.23pp	17q	+30.0%+$3.1M
ECOLAB INC	ECL	$13.2M	48,177	0.77%	-0.03pp	32q	HELD
EMERSON ELEC CO	EMR	$13.2M	85,188	0.77%	+0.10pp	32q	+8.8%+$1.1M
HA SUSTAINABLE INFRA CAP INC	HASI	$12.9M	358,948	0.75%	-0.04pp	32q	+6.3%+$760.6K
HDFC BANK LTD	HDB	$12.5M	561,298	0.73%	-0.06pp	32q	+9.1%+$1.0M
WASTE MGMT INC DEL	WM	$12.5M	61,131	0.72%	-0.02pp	5q	+9.4%+$1.1M
EBAY INC.	EBAY	$12.4M	116,985	0.72%	+0.04pp	3q	+14.1%+$1.5M
CBRE GROUP INC	CBRE	$12.3M	95,905	0.71%	-0.01pp	11q	+5.8%+$672.9K
DANAHER CORP DEL	DHR	$12.1M	54,806	0.70%	+0.15pp	32q	+10.9%+$1.2M
VERTEX PHARMACEUTICALS INC	VRTX	$12.1M	23,215	0.70%	+0.13pp	23q	+19.1%+$1.9M
MITSUBISHI UFJ FINANCIAL GRO	MUFG	$11.5M	497,504	0.67%	+0.09pp	25q	+2.1%+$231.2K
BANK OF AMER CORP	BAC	$11.3M	207,821	0.66%	-0.06pp	10q	-1.3%-$148.9K
CME GROUP INC	CME	$11.2M	42,877	0.65%	+0.15pp	32q	+11.7%+$1.2M
ASML HLDG NV	ASML	$10.7M	5,898	0.62%	+0.11pp	3q	+37.2%+$2.9M
COSTCO WHOLESALE CORPORATION	COST	$10.3M	11,297	0.60%	-0.04pp	19q	-1.4%-$149.3K
SAP SE	SAP	$10.1M	48,636	0.59%	+0.15pp	32q	+2.1%+$206.2K
ITAU UNIBANCO HLDG S A	ITUB	$10.0M	1,170,891	0.58%	+0.01pp	32q	HELD
CUMMINS INC	CMI	$9.9M	19,252	0.58%	-0.17pp	32q	+8.3%+$766.1K
ADVANCED MICRO DEVICES INC	AMD	$9.6M	15,749	0.56%	+0.01pp	2q	-1.3%-$127.9K
UNILEVER PLC	UL	$9.3M	152,611	0.54%	-0.01pp	4q	HELD
RALPH LAUREN CORP	RL	$9.2M	25,916	0.53%	-0.09pp	17q	-1.4%-$128.2K
TRANE TECHNOLOGIES PLC	TT	$9.1M	20,065	0.53%	-0.02pp	5q	+6.9%+$587.6K
SPROUTS FMRS MKT INC	SFM	$8.3M	125,386	0.48%	-0.08pp	23q	+12.4%+$914.9K
STANDARD CHARTERED PLC UNSPON	SCBFY	$8.2M	133,591	0.47%	+0.05pp	4q	+2.1%+$169.2K
SIEMENS AG-SPONS ADR	SIEGY	$8.0M	51,274	0.46%	-0.02pp	7q	+1.8%+$140.2K
STATE STR CORP	STT	$7.9M	45,485	0.46%	+0.10pp	5q	+27.8%+$1.7M
ASTRAZENECA PLC	AZN	$7.6M	47,010	0.44%	+0.02pp	15q	+25.5%+$1.5M
ING GROEP N.V.	ING	$7.5M	212,579	0.44%	+0.06pp	32q	+4.1%+$299.5K
ABBOTT LABORATORIES	ABT	$7.5M	75,485	0.43%	+0.24pp	6q	+108.2%+$3.9M
Advantest Corporation - ADR	ATEYY	$7.4M	33,638	0.43%	+0.03pp	6q	+3.7%+$264.8K
SCHNEIDER ELECTRIC SE	SBGSY	$7.3M	110,809	0.42%	flat	32q	+2.0%+$139.8K
LINDE PLC	LIN	$7.3M	15,297	0.42%	+0.03pp	3q	+21.8%+$1.3M
SONY GROUP CORP	SONY	$7.2M	307,055	0.42%	+0.06pp	21q	+0.8%+$56.0K
MITSUBISHI	MIELY	$7.1M	107,291	0.41%	-0.04pp	10q	+2.2%+$152.2K
BOOKING HOLDINGS INC	BKNG	$7.0M	42,720	0.40%	-0.05pp	32q	-1.0%-$73.8K
AMGEN INC	AMGN	$6.9M	16,374	0.40%	+0.11pp	32q	+19.5%+$1.1M
OVERSEA-CH	OVCHY	$6.9M	137,746	0.40%	+0.08pp	23q	-2.7%-$188.0K
FIRST SOLAR INC	FSLR	$6.6M	37,805	0.38%	-0.07pp	32q	+17.1%+$965.1K
STEEL DYNAMICS INC	STLD	$6.6M	29,764	0.38%	-0.17pp	24q	-26.8%-$2.4M
PRYSMIAN SPA UNSPONSORD ADR	PRYMF	$6.4M	91,541	0.37%	-0.09pp	24q	-1.1%-$72.2K
SSE Plc. - ADR	SSEZY	$6.4M	195,129	0.37%	flat	18q	+1.8%+$113.7K
CROWN HLDGS INC	CCK	$6.3M	59,848	0.37%	+0.17pp	2q	+100.7%+$3.2M
BANCO BILBAO VIZCAYA ARGENTA	BBVA	$6.2M	221,016	0.36%	+0.02pp	3q	-2.7%-$171.8K
GRUPO CIBEST SA	CIB	$6.0M	64,602	0.35%	+0.03pp	6q	-3.7%-$232.1K
LOWES COS INC	LOW	$5.9M	32,158	0.34%	+0.09pp	13q	+66.0%+$2.4M
nan	MELI	$5.9M	3,418	0.34%	-0.01pp	15q	-3.7%-$224.7K
DEERE CO	DE	$5.8M	8,616	0.34%	+0.06pp	26q	+19.3%+$935.5K
Singapore Telecommunications L	SGAPY	$5.7M	172,296	0.33%	-0.01pp	32q	+3.7%+$203.5K
AUTOZONE INC	AZO	$5.7M	2,010	0.33%	-0.06pp	4q	-1.4%-$79.2K
PROCTER & GAMBLE CO	PG	$5.7M	39,104	0.33%	+0.07pp	32q	+33.5%+$1.4M
ORIX CORP	IX	$5.7M	150,353	0.33%	-0.05pp	32q	-9.4%-$588.1K
Deutsche Telekom Ag	DTEGY	$5.6M	190,991	0.33%	+0.03pp	32q	+3.2%+$175.9K
HOME DEPOT INC	HD	$5.5M	19,435	0.32%	-0.09pp	32q	-1.2%-$64.6K
ATLAS COPCO AB SP ADR B NEW	ATLCY	$5.5M	309,298	0.32%	+0.03pp	32q	+12.8%+$621.7K
HOYA CORP SPONSORED ADR	HOCPY	$5.5M	36,527	0.32%	-0.08pp	32q	-13.1%-$827.4K
Intesa Sanpaolo S P A Sponsored ADR	ISNPY	$5.4M	120,354	0.31%	+0.02pp	10q	+0.9%+$46.4K
COMPANHIA DE SANEAMENTO BASI	SBS	$5.1M	964,141	0.30%	-0.04pp	2q	HELD
CITIZENS FINL GROUP INC	CFG	$5.0M	78,701	0.29%	+0.07pp	3q	+48.9%+$1.6M
KIMCO REALTY CORP	KIM	$5.0M	225,340	0.29%	+0.17pp	2q	+173.1%+$3.2M
INDITEX (IND.DE DISENO TEXTIL	IDEXY	$4.9M	322,763	0.28%	-0.01pp	15q	+2.5%+$118.3K
Air Liquide ADR	AIQUY	$4.8M	125,482	0.28%	-0.01pp	32q	+1.3%+$61.3K
NESTLE SA SPONSORED ADR	NSRGY	$4.6M	50,304	0.26%	flat	5q	+16.6%+$650.8K
SALESFORCE INC	CRM	$4.6M	19,866	0.26%	-0.15pp	25q	-55.8%-$5.8M
ASM INTERN	ASMIY	$4.5M	4,509	0.26%	-0.04pp	8q	+2.0%+$87.4K
AMERICAN EXPRESS CO	AXP	$4.4M	14,521	0.26%	+0.03pp	23q	+27.5%+$953.0K
ARGENX SE	ARGX	$4.4M	4,604	0.26%	+0.06pp	3q	+28.2%+$972.3K
QUALCOMM INC	QCOM	$4.2M	22,890	0.24%	+0.10pp	2q	+72.2%+$1.8M
OTSUKA HLDGS CO LTD UNSP ADR EACH REP 0.5 ORD SHS	OTSKY	$4.2M	113,717	0.24%	+0.08pp	2q	+37.2%+$1.1M
Kingspan Group Unsp Adr Each Repr 1 Ord	KGSPY	$4.1M	36,167	0.24%	+0.05pp	3q	+3.1%+$123.8K
TDK Corporation ADR	TTDKY	$4.1M	217,431	0.24%	-0.04pp	32q	+4.5%+$179.5K
VEOLIA ENVIRONNEMENT FSPONSORED ADR 1 ADR REPS 05 ORD SHS	VEOEY	$4.0M	230,169	0.23%	-0.05pp	26q	HELD
INFINEON TECHNOLOGIES AG	IFNNY	$4.0M	59,127	0.23%	-0.02pp	2q	+32.4%+$974.7K
VESTAS WIND SYSTEMS-UNSP ADR	VWDRY	$3.9M	401,399	0.23%	+0.06pp	32q	+29.9%+$908.1K
TRIP COM GROUP LTD	TCOM	$3.9M	100,137	0.23%	-0.01pp	29q	+1.1%+$43.0K
MACQUARIE GROUP LIMITED ADR NEW	MQBKY	$3.9M	23,012	0.23%	-0.02pp	32q	-3.2%-$128.6K
ROCKWELL AUTOMATION INC	ROK	$3.9M	8,863	0.22%	+0.02pp	10q	+27.1%+$823.6K
DIGITAL RLTY TR INC	DLR	$3.8M	21,671	0.22%	+0.03pp	14q	+23.5%+$723.0K
SOCIEDAD QUIMICA Y MINERA DE	SQM	$3.8M	57,918	0.22%	-0.04pp	5q	HELD
ASICS Corporation (ASCCY)	ASCCY	$3.7M	138,065	0.21%	+0.07pp	2q	+49.2%+$1.2M
Givaudan Sa Adr Each 50 Repr 1 Ord	GVDNY	$3.6M	44,883	0.21%	-	new	NEW
GXO LOGISTICS INCORPORATED	GXO	$3.6M	80,439	0.21%	+0.02pp	7q	+27.3%+$766.9K
SK TELECOM CO LTD	SKM	$3.5M	100,015	0.20%	+0.03pp	20q	+8.0%+$258.3K
T&D Holdings Inc	TDHOY	$3.4M	217,849	0.20%	+0.03pp	10q	+6.2%+$196.5K
ZOOM COMMUNICATIONS INC	ZM	$3.3M	36,657	0.19%	+0.05pp	4q	+27.6%+$719.4K
CANADIAN PACIFIC KANSAS CITY	CP	$3.3M	38,869	0.19%	flat	15q	+3.0%+$95.1K
TECHTRONIC INDUSTRIES-SP ADR	TTNDY	$3.3M	40,142	0.19%	flat	6q	+3.8%+$119.4K
MURATA MANUFACTURING CO LTD UN	MRAAY	$3.3M	131,364	0.19%	-0.15pp	12q	-16.0%-$621.9K
AIA Group Ltd Sp ADR	AAGIY	$3.3M	87,561	0.19%	-0.01pp	32q	-2.6%-$88.3K
LEVI STRAUSS & CO NEW	LEVI	$3.2M	164,815	0.19%	-	new	NEW
ADR KONINKLIJKE AHOLDDELHAIZE N.V.	ADRNY	$3.1M	84,820	0.18%	-0.06pp	18q	-13.8%-$492.8K
HANNOVER RUECK SE SPONSORED ADR	HVRRY	$3.0M	63,537	0.18%	+0.01pp	14q	+3.2%+$92.4K
CARLISLE COS INC	CSL	$2.9M	9,057	0.17%	+0.02pp	8q	+26.7%+$614.4K
ABBVIE INC	ABBV	$2.9M	11,064	0.17%	-	new	NEW
CONTEMPORARY AMPEREX TECHN	CYATY	$2.9M	186,459	0.17%	-0.11pp	4q	-11.1%-$357.4K
APTIV PLC	APTV	$2.8M	65,384	0.16%	-0.02pp	2q	+27.8%+$611.6K
PROSUS NV	PROSY	$2.8M	344,507	0.16%	-0.02pp	13q	-2.9%-$81.6K
London Stock Exchange Group Spon Ads Each Rep 0.25 Ord	LSEGY	$2.8M	102,549	0.16%	flat	4q	+1.3%+$36.5K
Straumann Holding AG ADR	SAUHY	$2.7M	245,955	0.15%	-0.03pp	5q	+4.4%+$112.1K
KUBOTA CORP ADR	KUBTY	$2.7M	30,842	0.15%	-	new	NEW
L OREAL S A F	LRLCY	$2.7M	31,080	0.15%	+0.03pp	16q	+26.6%+$557.3K
JACOBS SOLUTIONS INC	J	$2.5M	18,811	0.15%	+0.05pp	8q	+39.2%+$716.7K
INFOSYS LTD	INFY	$2.5M	228,879	0.14%	+0.02pp	32q	+12.2%+$266.8K
FIRST INDL RLTY TR INC	FR	$2.4M	39,722	0.14%	-0.08pp	12q	-33.9%-$1.2M
BERKSHIRE HATHAWAY INC DEL	BRKA	$2.2M	3	0.13%	flat	29q	HELD
ASE TECHNOLOGY HLDG CO LTD	ASX	$2.1M	46,783	0.12%	+0.07pp	2q	+127.1%+$1.2M
DELTA ELECTRONIC		$1.9M	6,438	0.11%	-0.03pp	13q	-18.4%-$431.1K
DSV PANALPINA A S - UNSP ADR	DSDVY	$1.6M	18,018	0.09%	-	new	NEW
NOVARTIS AG	NVS	$1.3M	9,010	0.07%	-0.78pp	32q	-90.2%-$11.8M
ALCON AG	ALC	$1.3M	19,369	0.07%	-0.11pp	30q	-58.1%-$1.7M
MAKEMYTRIP LIMITED MAURITIUS	MMYT	$1.2M	24,921	0.07%	-0.01pp	24q	HELD
Ping An Insurance (Group) Company of China, Ltd (PNGAY)	PNGAY	$1.1M	79,631	0.06%	+0.01pp	25q	+24.8%+$211.9K
TENCENT HOLDINGS LTD. - UNS AD	TCEHY	$959.3K	17,693	0.06%	+0.01pp	8q	+33.3%+$239.8K
Grupo Financiero Banorte (GBOOY)	GBOOY	$892.0K	16,980	0.05%	+0.01pp	6q	+25.9%+$183.2K
ATLAS COPCO AB SP ADR A NEW	ATLKY	$878.6K	42,711	0.05%	+0.02pp	6q	+52.3%+$301.7K
TORONTO DOMINION BK ONT	TD	$687.9K	5,853	0.04%	+0.01pp	6q	+54.0%+$241.3K
DR REDDYS LABS LTD	RDY	$672.3K	53,275	0.04%	-0.01pp	23q	HELD
SK HYNIX INC	SKHY	$670.5K	3,641	0.04%	-	new	NEW
China Merchants Bank Co (CIHKY)	CIHKY	$588.0K	18,010	0.03%	+0.01pp	8q	+55.8%+$210.7K
SHINHAN FINANCIAL GROUP CO L	SHG	$577.3K	7,433	0.03%	+0.02pp	6q	+55.1%+$205.1K
ISHARES TR	IVV	$574.4K	750	0.03%	flat	5q	HELD
MANAGER DIRECTED PORTFOLIOS	VGSR	$499.2K	46,995	0.03%	flat	3q	HELD
NUSHARES ETF TR	NULV	$498.2K	9,462	0.03%	-	new	NEW
ISHARES TR	EFA	$483.4K	4,653	0.03%	flat	4q	+13.6%+$58.0K
WISDOMTREE TR	DON	$458.6K	8,500	0.03%	flat	4q	HELD
ALIBABA GROUP HLDG LTD	BABA	$447.6K	4,162	0.03%	+0.01pp	32q	+83.8%+$204.0K
STATE STR SPDR S&P 500 ETF T	SPY	$436.4K	572	0.03%	flat	12q	HELD
Terumo Adr	TRUMY	$418.4K	29,076	0.02%	-0.01pp	7q	-21.9%-$117.1K
GALLAGHER ARTHUR J CO	AJG	$398.7K	1,748	0.02%	flat	20q	HELD
BDO UNIBANK INC-SPON ADR	BDOUY	$389.4K	21,951	0.02%	+0.01pp	6q	+53.9%+$136.3K
ISHARES TR	IWM	$387.9K	1,396	0.02%	flat	4q	HELD
JPMORGAN CHASE & CO	JPM	$306.3K	926	0.02%	flat	10q	-5.9%-$19.2K
Swisscom Ord	SCMWY	$298.9K	3,919	0.02%	flat	7q	-1.1%-$3.2K
Keyence Corp Ord		$277.8K	535	0.02%	flat	16q	HELD
MASTERCARD INCORPORATED	MA	$255.3K	463	0.01%	flat	32q	HELD
SPDR GOLD TR	GLD	$231.9K	609	0.01%	flat	5q	HELD
MITSUBISHI ELEC CORP SHS		$231.4K	7,121	0.01%	flat	10q	HELD
VANGUARD TAX-MANAGED FDS	VEA	$225.9K	3,199	0.01%	flat	4q	HELD
ORIX CORP ORD		$225.4K	5,900	0.01%	flat	32q	-12.1%-$30.9K
SONOVA HOLDING AG UNSPONSORED ADR	SONVY	$218.7K	3,643	0.01%	-	new	NEW
INTESA SANPAOLO SPA SHS		$216.1K	29,004	0.01%	flat	10q	HELD
ATLAS COPCO AB		$208.2K	11,685	0.01%	flat	18q	+14.0%+$25.6K
SAMPO OYJ ADR	SAXPY	$204.9K	10,406	0.01%	flat	7q	-0.9%-$1.9K
Danone Sp ADR	DANOY	$178.3K	13,446	0.01%	flat	26q	-0.6%-$1.1K
BT GROUP PLC SHS		$89.5K	35,384	0.01%	flat	5q	HELD
Bank Rakyat Indonesia (Persero) Tbk		$4.5K	25,610	0.00%	flat	32q	HELD

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Semiconductors & Electronics	$392.6M	22.8%
Software & IT Services	$193.8M	11.2%
Banks & Lending	$120.1M	7.0%
Biotech & Pharma	$117.4M	6.8%
Computer Hardware	$110.6M	6.4%
Telecom & Media	$78.6M	4.6%
Retail & Consumer	$62.5M	3.6%
Chemicals	$59.4M	3.4%
Business Services	$55.8M	3.2%
Capital Markets	$54.5M	3.2%
Industrials	$47.9M	2.8%
Utilities	$35.0M	2.0%
Other sectors	$198.4M	11.5%
Not classified	$198.1M	11.5%

What the disclosed book did

This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.

Quarter	Book	Market	Difference	Priced
Q3 2026	-0.5%	+2.1%	-2.6%	94%
Q2 2026	+13.2%	+14.8%	-1.7%	99%
Q1 2026	-3.2%	-4.6%	+1.4%	99%
Q1 2023	+3.6%	+7.0%	-3.5%	98%
Q4 2022	+11.0%	+7.1%	+4.0%	98%
Q3 2022	-4.9%	-5.3%	+0.5%	98%
Q2 2022	-18.1%	-16.5%	-1.6%	103%
Q1 2022	-9.8%	-4.9%	-4.9%	106%

Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q3 2026	$1.7B	181	8	106	43	13	34.0%	13
Q2 2026	$1.7B	186	13	43	112	13	32.9%	21
Q1 2026	$1.6B	186	8	41	122	17	31.3%	37
Q4 2025	$1.7B	195	17	20	142	121	32.8%	127
Q3 2025	$3.6B	299	21	84	161	21	16.8%	30
Q2 2025	$3.6B	299	36	79	163	29	15.4%	22
Q1 2025	$3.3B	292	12	146	114	20	15.2%	3
Q4 2024	$3.4B	300	14	73	189	27	15.6%	15
Q3 2024	$3.8B	313	15	56	191	16	15.1%	9
Q2 2024	$3.9B	314	25	53	214	15	15.5%	8
Q1 2024	$4.2B	304	17	66	183	18	14.5%	11
Q4 2023	$4.4B	305	16	32	236	16	13.5%	9
Q3 2023	$4.2B	305	24	67	190	20	13.8%	11
Q2 2023	$4.7B	301	16	78	163	11	14.2%	24
Q1 2023	$4.8B	296	103	87	87	65	14.0%	47
Q4 2022	$2.1B	258	13	102	118	11	20.0%	26
Q3 2022	$1.9B	256	8	96	106	16	19.9%	20
Q2 2022	$2.0B	264	11	153	75	11	21.0%	41
Q1 2022	$2.3B	264	16	134	99	14	21.5%	46
Q4 2021	$2.5B	262	17	142	77	9	21.2%	31
Q3 2021	$2.3B	254	7	129	70	9	21.1%	43
Q2 2021	$2.3B	256	12	201	26	10	21.2%	50
Q1 2021	$1.6B	254	19	124	76	6	24.1%	44
Q4 2020	$1.4B	241	56	126	51	31	24.8%	36
Q3 2020	$1.1B	216	10	113	67	9	28.3%	41
Q2 2020	$937.3M	215	21	100	66	9	26.8%	41
Q1 2020	$709.1M	203	13	103	49	20	28.0%	38
Q4 2019	$858.2M	210	41	68	93	17	25.7%	28
Q3 2019	$809.9M	186	15	51	87	11	26.3%	38
Q2 2019	$802.6M	182	6	71	84	8	26.3%	26
Q1 2019	$770.3M	184	13	84	74	14	26.7%	33
Q4 2018	$685.8M	185	0	0	0	0	27.0%	25

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.