DaveManuel.com · Institutional Ownership · 13F Holdings

Bank Julius Baer & Co. Ltd, Zurich

Reported holdings as of Q3 2026, from 27 quarterly filings.

CIK

1544599

Reported value

$39.3B

Positions

669

Top 10 weight

39.8%

Filed

2026-10-29

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
MICROSOFT CORP	MSFT	$2.7B	5,201,423	6.78%	+2.22pp	27q	+10.0%+$243.2M
ALPHABET INC	GOOGL	$2.1B	6,257,168	5.47%	-0.30pp	27q	HELD
NVIDIA CORPORATION	NVDA	$2.1B	9,322,778	5.42%	+0.27pp	27q	-6.4%-$145.2M
APPLE INC	AAPL	$1.9B	5,705,753	4.83%	+0.60pp	27q	+0.7%+$13.5M
META PLATFORMS INC	META	$1.7B	2,283,132	4.23%	+1.09pp	27q	+6.0%+$93.5M
STATE STR SPDR S&P 500 ETF T	SPY	$1.2B	1,587,880	3.09%	+0.10pp	27q	+2.1%+$24.7M
BROADCOM INC	AVGO	$1.2B	3,294,961	2.95%	+0.04pp	27q	+10.5%+$110.2M
ELI LILLY & CO	LLY	$1.1B	914,092	2.70%	-0.15pp	27q	HELD
AMAZON COM INC	AMZN	$929.5M	3,737,070	2.37%	+0.07pp	27q	+0.7%+$6.4M
JOHNSON & JOHNSON	JNJ	$771.0M	2,906,056	1.96%	+0.16pp	27q	+6.7%+$48.6M
JPMORGAN CHASE & CO	JPM	$648.6M	1,958,610	1.65%	+0.01pp	27q	+1.4%+$8.9M
VISA INC	V	$625.8M	1,735,366	1.59%	+0.03pp	27q	-1.1%-$6.9M
APPLIED MATLS INC	AMAT	$565.8M	1,106,374	1.44%	-1.34pp	27q	-26.0%-$199.2M
TAIWAN SEMICONDUCTOR MANUFAC	TSM	$552.1M	1,210,323	1.41%	+0.22pp	12q	+25.1%+$110.7M
LAM RESEARCH CORP	LRCX	$540.7M	1,650,876	1.38%	-1.03pp	8q	-23.5%-$166.3M
CISCO SYS INC	CSCO	$520.0M	4,837,623	1.32%	-0.47pp	27q	-17.8%-$112.7M
MERCK & CO INC	MRK	$480.5M	3,287,708	1.22%	-0.02pp	27q	-11.9%-$64.6M
MASTERCARD INCORPORATED	MA	$459.9M	831,824	1.17%	+0.05pp	27q	-0.9%-$4.3M
COSTCO WHOLESALE CORPORATION	COST	$449.0M	492,084	1.14%	-0.04pp	27q	+1.1%+$5.1M
GE AEROSPACE	GE	$447.1M	1,428,384	1.14%	-0.21pp	18q	+2.5%+$11.0M
CATERPILLAR INC	CAT	$445.9M	548,242	1.14%	-0.54pp	27q	-10.2%-$50.4M
PROCTER & GAMBLE CO	PG	$441.7M	3,030,794	1.13%	-0.03pp	27q	HELD
NETFLIX INC.	NFLX	$416.6M	5,980,201	1.06%	+0.08pp	27q	+13.4%+$49.2M
WALMART INC	WMT	$376.9M	3,610,038	0.96%	-0.12pp	27q	-1.5%-$5.8M
EXXONMOBIL HOLDINGS CORP	XOM	$366.2M	2,253,880	0.93%	-	new	NEW
KLA CORP	KLAC	$347.8M	1,780,926	0.89%	-0.46pp	24q	+1.5%+$5.2M
COCA COLA CO	KO	$340.7M	3,950,770	0.87%	+0.07pp	27q	+5.1%+$16.5M
EATON CORP PLC	ETN	$327.7M	761,287	0.83%	-0.01pp	16q	-1.8%-$6.1M
WELLS FARGO & CO	WFC	$324.2M	4,045,890	0.83%	+0.11pp	9q	+20.9%+$56.1M
CONOCOPHILLIPS	COP	$317.6M	2,536,805	0.81%	+0.07pp	27q	-6.9%-$23.4M
ASTRAZENECA PLC	AZN	$314.4M	1,929,102	0.80%	-0.15pp	3q	-1.0%-$3.2M
AMPHENOL CORP	APH	$313.5M	3,720,515	0.80%	-0.04pp	27q	+0.8%+$2.5M
LINDE PLC	LIN	$305.4M	643,424	0.78%	+0.06pp	15q	+20.6%+$52.2M
CME GROUP INC	CME	$305.1M	1,164,492	0.78%	+0.11pp	27q	HELD
ISHARES TR	IEF	$304.0M	3,399,251	0.77%	-0.04pp	27q	+2.2%+$6.6M
MICRON TECHNOLOGY INC	MU	$296.4M	278,277	0.75%	+0.01pp	27q	+11.4%+$30.3M
INVESCO QQQ TR	QQQ	$294.6M	398,824	0.75%	+0.03pp	27q	+4.1%+$11.6M
INTUITIVE SURGICAL INC	ISRG	$285.5M	701,589	0.73%	+0.01pp	27q	+1.5%+$4.1M
ISHARES TR	IEI	$283.5M	2,498,166	0.72%	-0.02pp	27q	+2.2%+$6.0M
PROGRESSIVE CORP	PGR	$281.2M	1,354,176	0.72%	-0.04pp	27q	+1.5%+$4.3M
UBS GROUP AG	UBS	$274.3M	5,685,219	0.70%	-0.02pp	12q	+1.5%+$4.1M
BERKSHIRE HATHAWAY INC DEL	BRKB	$266.5M	535,298	0.68%	flat	27q	+2.2%+$5.7M
BANK OF AMER CORP	BAC	$248.1M	4,558,552	0.63%	-0.01pp	27q	+5.3%+$12.6M
ARISTA NETWORKS INC	ANET	$229.7M	1,129,184	0.59%	+0.10pp	8q	+1.6%+$3.7M
PALO ALTO NETWORKS INC	PANW	$197.1M	497,413	0.50%	-0.21pp	27q	-38.4%-$123.1M
PALANTIR TECHNOLOGIES INC	PLTR	$184.2M	984,651	0.47%	+0.17pp	25q	HELD
HILTON WORLDWIDE HLDGS INC	HLT	$181.8M	569,430	0.46%	-0.01pp	10q	+3.7%+$6.5M
TRANE TECHNOLOGIES PLC	TT	$179.0M	396,562	0.46%	-0.04pp	12q	+1.5%+$2.7M
CHARLES SCHWAB CORP (THE)	SCHW	$172.1M	1,754,953	0.44%	+0.02pp	27q	+0.7%+$1.2M
TOTALENERGIES SE	TTE	$165.2M	1,919,591	0.42%	+0.04pp	4q	+1.1%+$1.7M
QUALCOMM INC	QCOM	$164.8M	895,323	0.42%	+0.05pp	26q	+17.0%+$24.0M
MARKEL GROUP INC	MKL	$163.1M	94,927	0.42%	-0.05pp	23q	+2.5%+$4.0M
EMERSON ELEC CO	EMR	$162.7M	1,045,936	0.41%	+0.03pp	27q	+2.3%+$3.6M
AUTOMATIC DATA PROCESSING IN	ADP	$160.6M	621,487	0.41%	+0.18pp	27q	+57.5%+$58.7M
VERTEX PHARMACEUTICALS INC	VRTX	$159.2M	303,964	0.41%	-0.01pp	27q	-4.8%-$8.1M
GILEAD SCIENCES INC	GILD	$155.2M	1,038,316	0.40%	+0.12pp	27q	+22.3%+$28.3M
ABBVIE INC	ABBV	$142.2M	543,272	0.36%	+0.06pp	27q	+19.2%+$22.9M
ADVANCED MICRO DEVICES INC	AMD	$142.2M	232,673	0.36%	+0.01pp	25q	-2.1%-$3.0M
AMETEK INC	AME	$139.8M	562,968	0.36%	+0.11pp	27q	+40.4%+$40.2M
DISNEY WALT CO	DIS	$139.5M	1,328,723	0.36%	+0.03pp	27q	+2.8%+$3.7M
CADENCE DESIGN SYSTEM INC	CDNS	$138.9M	421,921	0.35%	-0.10pp	27q	-10.4%-$16.1M
WESTERN DIGITAL CORP	WDC	$138.3M	304,542	0.35%	-0.15pp	3q	+1.6%+$2.2M
MORGAN STANLEY	MS	$137.8M	728,658	0.35%	-0.03pp	27q	+3.8%+$5.1M
ABBOTT LABORATORIES	ABT	$134.7M	1,362,466	0.34%	+0.02pp	27q	-1.8%-$2.5M
TEXAS INSTRS INC	TXN	$129.6M	462,102	0.33%	flat	27q	+7.6%+$9.1M
UBER TECHNOLOGIES INC	UBER	$127.7M	1,864,652	0.33%	-0.02pp	27q	+2.1%+$2.7M
CHEVRON CORPORATION	CVX	$125.2M	613,470	0.32%	+0.06pp	27q	HELD
DELL TECHNOLOGIES INC	DELL	$124.5M	231,248	0.32%	-0.02pp	27q	-24.1%-$39.5M
MCDONALDS CORP	MCD	$121.4M	524,341	0.31%	+0.16pp	27q	+141.5%+$71.1M
ALCON AG	ALC	$119.0M	1,840,621	0.30%	-0.01pp	12q	+3.3%+$3.8M
FASTENAL CO	FAST	$115.1M	2,320,364	0.29%	+0.01pp	7q	+0.5%+$614.2K
GALLAGHER ARTHUR J CO	AJG	$114.9M	504,047	0.29%	-0.01pp	20q	HELD
TERADYNE INC	TER	$114.5M	285,186	0.29%	-0.36pp	5q	-45.9%-$97.0M
EOG RES INC	EOG	$113.9M	824,699	0.29%	+0.02pp	27q	+2.1%+$2.4M
FERRARI N V	RACE	$112.9M	287,443	0.29%	flat	12q	-4.7%-$5.6M
ISHARES TR	MCHI	$108.3M	2,076,858	0.28%	flat	27q	+0.8%+$867.5K
ISHARES INC	EWH	$106.6M	4,801,453	0.27%	+0.01pp	6q	+1.5%+$1.5M
SNOWFLAKE INC	SNOW	$105.5M	312,395	0.27%	-0.09pp	25q	-42.8%-$78.9M
LUMENTUM HLDGS INC	LITE	$105.1M	108,199	0.27%	+0.03pp	2q	HELD
TJX COS INC NEW	TJX	$103.0M	776,162	0.26%	-0.03pp	27q	+2.8%+$2.8M
MARRIOTT INTL INC NEW	MAR	$101.6M	286,164	0.26%	-0.01pp	9q	+2.2%+$2.2M
NXP SEMICONDUCTORS N V	NXPI	$99.9M	420,951	0.25%	+0.14pp	12q	+172.3%+$63.2M
T MOBILE US INC	TMUS	$99.4M	609,865	0.25%	-	new	NEW
SERVICENOW INC	NOW	$98.2M	736,917	0.25%	+0.25pp	27q	+3959.0%+$95.8M
STRYKER CORPORATION	SYK	$96.1M	348,155	0.24%	-0.06pp	27q	-6.2%-$6.4M
VERIZON COMMUNICATIONS INC	VZ	$95.8M	2,087,594	0.24%	-0.06pp	27q	-23.9%-$30.1M
NEXTERA ENERGY INC	NEE	$93.5M	1,234,157	0.24%	-0.04pp	27q	+1.9%+$1.8M
ORACLE CORP	ORCL	$93.0M	676,936	0.24%	-0.01pp	27q	+2.5%+$2.2M
PUBLIC STORAGE	PSA	$92.9M	328,055	0.24%	-0.03pp	27q	+2.0%+$1.8M
MEDTRONIC PLC	MDT	$89.5M	1,035,862	0.23%	+0.02pp	12q	+1.1%+$944.5K
NASDAQ INC	NDAQ	$88.9M	966,378	0.23%	+0.04pp	21q	+5.5%+$4.6M
WATERS CORP	WAT	$87.4M	198,542	0.22%	+0.21pp	9q	+1510.8%+$82.0M
GE VERNOVA INC	GEV	$86.2M	90,519	0.22%	-0.08pp	10q	-8.6%-$8.1M
COMFORT SYS USA INC	FIX	$86.2M	52,064	0.22%	-0.05pp	4q	-0.8%-$694.1K
MOODYS CORP	MCO	$85.0M	187,129	0.22%	+0.22pp	27q	+27622.8%+$84.7M
SOUTHERN COPPER CORP	SCCO	$84.5M	417,170	0.22%	+0.03pp	3q	HELD
WABTEC	WAB	$84.3M	292,736	0.21%	+0.01pp	9q	HELD
HUNTINGTON BANCSHARES INC	HBAN	$84.2M	5,514,427	0.21%	-0.03pp	21q	+2.8%+$2.3M
KEURIG DR PEPPER INC	KDP	$81.8M	2,686,299	0.21%	-0.01pp	10q	+3.5%+$2.8M
CAPITAL ONE FINL CORP	COF	$80.4M	415,178	0.20%	+0.01pp	8q	+8.5%+$6.3M
BRISTOL-MYERS SQUIBB CO	BMY	$80.4M	1,286,191	0.20%	+0.02pp	27q	+6.0%+$4.6M
TE CONNECTIVITY PLC	TEL	$80.2M	379,031	0.20%	flat	9q	-1.9%-$1.6M
FERGUSON ENTERPRISES INC	FERG	$79.4M	356,261	0.20%	-0.02pp	9q	HELD
AMRIZE LTD	AMRZ	$79.0M	2,102,975	0.20%	-0.06pp	6q	+8.8%+$6.4M
LOGITECH INTL S A	LOGI	$78.0M	771,787	0.20%	-0.01pp	12q	-10.3%-$8.9M
VANGUARD INTL EQUITY INDEX F	VT	$76.6M	485,586	0.20%	+0.01pp	9q	+4.4%+$3.2M
US BANCORP	USB	$74.6M	1,289,432	0.19%	-0.01pp	27q	+2.0%+$1.4M
HOWMET AEROSPACE INC	HWM	$71.9M	316,514	0.18%	-0.02pp	10q	+8.8%+$5.8M
PARKER HANNIFIN CORP	PH	$70.4M	73,432	0.18%	flat	6q	+2.8%+$1.9M
IDEXX LABS INC	IDXX	$64.0M	122,075	0.16%	-0.01pp	27q	-0.6%-$380.8K
SOUTHERN CO	SO	$63.5M	765,144	0.16%	-0.02pp	8q	+2.6%+$1.6M
AUTODESK INC	ADSK	$61.4M	295,565	0.16%	+0.01pp	8q	HELD
DUKE ENERGY CORP NEW	DUK	$60.1M	526,854	0.15%	-0.02pp	8q	+2.1%+$1.2M
S&P GLOBAL INC	SPGI	$59.1M	149,878	0.15%	-0.03pp	27q	-11.1%-$7.4M
VISTRA CORP	VST	$58.6M	422,066	0.15%	-0.02pp	4q	+3.1%+$1.8M
INTERNATIONAL BUSINESS MACHS	IBM	$58.1M	264,092	0.15%	-0.22pp	27q	-48.4%-$54.4M
VANECK ETF TRUST	BIZD	$53.2M	4,104,428	0.14%	+0.01pp	5q	+5.4%+$2.7M
ALPHABET INC	GOOG	$52.8M	155,201	0.13%	-0.01pp	27q	-0.7%-$387.1K
CITIGROUP INC	C	$50.4M	388,803	0.13%	-0.06pp	27q	-23.0%-$15.0M
APPLOVIN CORP	APP	$49.4M	168,313	0.13%	-0.09pp	8q	+1.3%+$640.9K
VANGUARD WHITEHALL FDS	VWOB	$47.7M	755,441	0.12%	-0.01pp	9q	HELD
EQT Corp	EQT	$47.2M	970,699	0.12%	-0.01pp	4q	+2.4%+$1.1M
MONOLITHIC PWR SYS INC	MPWR	$45.4M	33,643	0.12%	flat	12q	+1.0%+$434.5K
EXPAND ENERGY CORPORATION	EXE	$45.2M	537,137	0.12%	-0.01pp	4q	+1.7%+$766.4K
TESLA INC	TSLA	$44.5M	125,796	0.11%	-0.02pp	27q	+1.3%+$587.3K
HALEON PLC	HLN	$42.4M	4,701,182	0.11%	flat	8q	+4.9%+$2.0M
ANALOG DEVICES INC	ADI	$41.2M	103,608	0.10%	flat	27q	-2.5%-$1.1M
ISHARES INC	EEMA	$40.4M	348,960	0.10%	flat	17q	+3.3%+$1.3M
SPDR SERIES TRUST	JNK	$39.0M	420,648	0.10%	-0.01pp	27q	HELD
HOME DEPOT INC	HD	$36.4M	127,957	0.09%	-0.02pp	27q	+7.1%+$2.4M
QUANTA SVCS INC	PWR	$35.1M	54,528	0.09%	-0.01pp	20q	HELD
CROWDSTRIKE HLDGS INC	CRWD	$32.5M	122,816	0.08%	flat	26q	-22.1%-$9.2M
ISHARES INC	EWL	$32.2M	543,702	0.08%	-0.01pp	27q	-3.8%-$1.3M
REPUBLIC SVCS INC	RSG	$31.7M	150,759	0.08%	-0.01pp	27q	-12.0%-$4.3M
BHP BILLITON LIMITED	BHP	$31.5M	371,895	0.08%	-0.02pp	8q	-20.2%-$8.0M
GLOBAL X FDS	ARGT	$30.1M	349,133	0.08%	-0.01pp	8q	+0.9%+$260.7K
VANECK ETF TRUST	SMH	$29.5M	48,500	0.08%	flat	9q	+5.7%+$1.6M
ISHARES TR	HYG	$29.3M	378,759	0.07%	flat	27q	HELD
PFIZER INC	PFE	$28.5M	997,814	0.07%	+0.02pp	27q	+9.7%+$2.5M
ISHARES TR	IEUR	$28.1M	376,182	0.07%	+0.01pp	27q	+11.3%+$2.8M
VANECK ETF TRUST	EMLC	$26.1M	1,049,778	0.07%	flat	3q	HELD
ISHARES TR	LQD	$25.8M	252,678	0.07%	-0.02pp	27q	-16.0%-$4.9M
ISHARES TR	AAXJ	$25.7M	218,521	0.07%	-0.02pp	27q	-18.2%-$5.7M
PEPSICO INC	PEP	$24.2M	191,162	0.06%	flat	27q	+7.7%+$1.7M
SEMPRA	SRE	$23.8M	304,576	0.06%	-0.01pp	12q	+1.7%+$404.1K
ARM HOLDINGS PLC	ARM	$23.2M	79,931	0.06%	-0.01pp	13q	+1.4%+$329.5K
INTERACTIVE BROKERS GROUP IN	IBKR	$22.9M	267,356	0.06%	+0.02pp	4q	+74.3%+$9.8M
NEBIUS GROUP N.V.	NBIS	$22.8M	96,165	0.06%	-0.01pp	8q	HELD
MARVELL TECHNOLOGY INC	MRVL	$22.8M	86,275	0.06%	-0.01pp	18q	+3.0%+$657.3K
BERKSHIRE HATHAWAY INC DEL	BRKA	$22.6M	30	0.06%	-0.02pp	2q	-25.0%-$7.5M
DANAHER CORP DEL	DHR	$22.6M	101,849	0.06%	-0.10pp	27q	-67.5%-$47.0M
ISHARES INC	CEMB	$21.8M	495,418	0.06%	flat	27q	+1.0%+$213.6K
ISHARES INC	PICK	$21.8M	363,424	0.06%	flat	3q	HELD
ISHARES GOLD TR	IAU	$21.2M	271,525	0.05%	-0.01pp	18q	-12.9%-$3.1M
AT&T INC	T	$19.9M	816,612	0.05%	+0.01pp	27q	+6.8%+$1.3M
BLACKROCK INC	BLK	$19.6M	18,482	0.05%	+0.01pp	8q	+4.1%+$767.0K
CBOE GLOBAL MKTS INC	CBOE	$19.2M	71,245	0.05%	flat	10q	-2.1%-$414.5K
ISHARES TR	IPAC	$19.2M	225,182	0.05%	flat	3q	HELD
HONEYWELL INTL INC	HON	$18.4M	87,200	0.05%	-0.06pp	2q	-53.5%-$21.2M
ROYAL BK CDA	RY	$17.9M	90,511	0.05%	flat	12q	+4.8%+$812.6K
GOLDMAN SACHS GROUP INC	GS	$17.6M	19,544	0.04%	+0.01pp	27q	+49.1%+$5.8M
ISHARES TR	ILF	$17.6M	510,706	0.04%	flat	3q	HELD
ISHARES TR	INDA	$16.9M	360,858	0.04%	flat	8q	-0.6%-$104.1K
ISHARES TR	HYBB	$16.8M	373,441	0.04%	flat	18q	HELD
ISHARES TR	IWM	$15.7M	56,513	0.04%	flat	27q	HELD
KEYSIGHT TECHNOLOGIES INC	KEYS	$15.3M	42,102	0.04%	-0.01pp	6q	-25.3%-$5.2M
ISHARES INC	EWJ	$15.3M	157,758	0.04%	+0.01pp	27q	+38.9%+$4.3M
INVESCO EXCHANGE TRADED FD T	RSP	$15.2M	73,087	0.04%	flat	13q	-2.8%-$436.6K
ISHARES INC	EZU	$14.1M	208,284	0.04%	flat	27q	-1.4%-$203.7K
CLOUDFLARE INC	NET	$13.9M	40,045	0.04%	flat	27q	-26.4%-$5.0M
ROCKWELL AUTOMATION INC	ROK	$13.9M	31,881	0.04%	-0.01pp	27q	-5.5%-$800.2K
ISHARES TR	IVV	$13.8M	18,055	0.04%	flat	27q	-4.1%-$592.8K
SPDR GOLD TR	GLD	$13.6M	35,573	0.03%	flat	27q	+3.8%+$502.6K
ISHARES TR	SLQD	$13.3M	269,274	0.03%	flat	27q	+1.3%+$173.2K
ISHARES TR	EMB	$13.1M	143,821	0.03%	flat	27q	HELD
ECOLAB INC	ECL	$13.1M	47,615	0.03%	+0.02pp	27q	+160.1%+$8.1M
ISHARES INC	URTH	$13.0M	63,145	0.03%	flat	21q	-8.7%-$1.2M
BANK OF NY MELLON CORP	BNY	$12.7M	86,857	0.03%	flat	27q	-5.8%-$783.8K
ILLINOIS TOOL WKS INC	ITW	$12.2M	47,232	0.03%	flat	27q	+5.0%+$580.6K
EA SERIES TRUST	FRDM	$12.1M	172,900	0.03%	-0.01pp	3q	-17.0%-$2.5M
TOLL BROTHERS INC	TOL	$12.1M	89,596	0.03%	flat	27q	+9.9%+$1.1M
XYLEM INC	XYL	$11.8M	116,885	0.03%	flat	27q	+9.5%+$1.0M
MODERNA INC	MRNA	$11.8M	61,075	0.03%	+0.01pp	27q	-35.0%-$6.3M
VANGUARD INDEX FDS	VOO	$11.6M	16,573	0.03%	+0.01pp	27q	+83.3%+$5.3M
F5 INC	FFIV	$11.3M	25,531	0.03%	+0.01pp	5q	+68.2%+$4.6M
SEAGATE TECHNOLOGY HLDNGS PL	STX	$11.3M	12,216	0.03%	flat	4q	HELD
ROBINHOOD MKTS INC	HOOD	$11.2M	99,599	0.03%	flat	8q	+9.1%+$941.3K
PACER FDS TR	GCOW	$11.0M	247,000	0.03%	-	new	NEW
CHENIERE ENERGY INC	LNG	$11.0M	41,060	0.03%	flat	20q	-0.9%-$95.3K
ISHARES INC	LEMB	$11.0M	260,044	0.03%	flat	27q	HELD
ISHARES TR	EUFN	$11.0M	276,161	0.03%	flat	15q	HELD
WELLTOWER INC	WELL	$10.9M	47,356	0.03%	-0.01pp	19q	-16.0%-$2.1M
AMGEN INC	AMGN	$10.9M	25,809	0.03%	+0.01pp	27q	+15.9%+$1.5M
HEICO CORP NEW	HEI	$10.8M	35,563	0.03%	-0.01pp	10q	-12.2%-$1.5M
INTEL CORP	INTC	$10.5M	87,866	0.03%	-0.01pp	27q	-15.5%-$1.9M
ISHARES TR	SOXX	$10.4M	18,288	0.03%	+0.02pp	2q	+370.1%+$8.2M
ROSS STORES INC	ROST	$10.4M	44,294	0.03%	flat	5q	-1.6%-$167.1K
HOST HOTELS & RESORTS INC	HST	$10.4M	461,676	0.03%	-0.01pp	3q	-8.2%-$925.7K
NATERA INC	NTRA	$10.3M	25,022	0.03%	flat	7q	-31.1%-$4.7M
CHUBB LIMITED	CB	$10.1M	30,502	0.03%	flat	8q	-2.0%-$207.8K
ISHARES TR	EEM	$10.1M	151,335	0.03%	flat	27q	HELD
SIMON PPTY GROUP INC NEW	SPG	$10.0M	49,800	0.03%	flat	27q	+13.4%+$1.2M
UNITEDHEALTH GROUP INC	UNH	$10.0M	27,239	0.03%	-0.01pp	27q	-6.5%-$700.5K
HONEYWELL AEROSPACE INC	HONA	$10.0M	64,441	0.03%	-0.08pp	2q	-64.0%-$17.8M
NEXTPOWER INC	NXT	$9.9M	127,406	0.03%	-0.01pp	2q	-1.9%-$190.3K
BOOKING HOLDINGS INC	BKNG	$9.9M	60,962	0.03%	flat	27q	-1.7%-$168.8K
FREEPORT-MCMORAN INC	FCX	$9.8M	139,154	0.02%	flat	15q	-18.8%-$2.3M
ISHARES INC	EMHY	$9.6M	248,903	0.02%	flat	17q	HELD
CAMECO CORP	CCJ	$9.4M	108,698	0.02%	flat	3q	+1.8%+$167.3K
SALESFORCE INC	CRM	$8.9M	38,979	0.02%	+0.01pp	26q	-1.3%-$121.0K
ATI INC	ATI	$8.8M	46,671	0.02%	+0.02pp	3q	+498.4%+$7.4M
MONSTER BEVERAGE CORP NEW	MNST	$8.7M	209,034	0.02%	+0.02pp	6q	+714.3%+$7.7M
WW GRAINGER INC	GWW	$8.4M	6,759	0.02%	flat	5q	+3.9%+$317.8K
SPOTIFY TECHNOLOGY S A	SPOT	$8.3M	16,967	0.02%	flat	9q	+15.6%+$1.1M
BORGWARNER INC	BWA	$8.2M	137,002	0.02%	flat	27q	HELD
AGILENT TECHNOLOGIES INC	A	$8.2M	47,723	0.02%	flat	27q	-7.5%-$668.4K
Fabrinet	FN	$8.0M	18,964	0.02%	-0.01pp	4q	-0.5%-$41.2K
TOWER SEMICONDUCTOR LTD	TSEM	$8.0M	35,237	0.02%	flat	5q	HELD
UNION PAC CORP	UNP	$7.9M	29,089	0.02%	-0.01pp	27q	-37.1%-$4.7M
VERTIV HOLDINGS CO	VRT	$7.9M	32,659	0.02%	-0.03pp	9q	-37.8%-$4.8M
NEWMONT CORP	NEM	$7.6M	65,792	0.02%	flat	27q	-16.1%-$1.5M
ACCENTURE PLC IRELAND	ACN	$7.5M	40,952	0.02%	flat	13q	-8.8%-$723.0K
VANECK ETF TRUST	GDX	$7.5M	84,917	0.02%	flat	3q	HELD
QNITY ELECTRONICS INC	Q	$7.4M	58,601	0.02%	-0.01pp	4q	-1.8%-$137.5K
WASTE MGMT INC DEL	WM	$7.2M	35,185	0.02%	-0.01pp	27q	-27.2%-$2.7M
SHOPIFY INC	SHOP	$7.0M	47,038	0.02%	flat	8q	+8.3%+$534.6K
MARSH & MCLENNAN COS INC	MRSH	$6.8M	39,939	0.02%	flat	27q	-1.4%-$94.1K
ADOBE INC	ADBE	$6.7M	27,892	0.02%	flat	27q	+6.6%+$416.3K
VEEVA SYS INC	VEEV	$6.4M	22,498	0.02%	+0.01pp	9q	-1.1%-$72.2K
MP MATERIALS CORP	MP	$6.4M	135,652	0.02%	flat	3q	+0.8%+$53.3K
MCKESSON CORP	MCK	$6.2M	7,203	0.02%	-	new	NEW
MACOM TECH SOLUTIONS HLDGS I	MTSI	$6.1M	21,589	0.02%	-0.02pp	3q	-40.0%-$4.1M
BIONTECH SE	BNTX	$6.1M	61,765	0.02%	flat	8q	HELD
ROUNDHILL ETF TRUST	DRAM	$5.9M	98,000	0.02%	-	new	NEW
BWX TECHNOLOGIES INC	BWXT	$5.9M	43,115	0.02%	-0.02pp	16q	-44.8%-$4.8M
GARMIN LTD	GRMN	$5.9M	20,387	0.01%	flat	8q	+7.1%+$386.5K
MARTIN MARIETTA MATLS INC	MLM	$5.8M	12,010	0.01%	-0.01pp	10q	-19.7%-$1.4M
TEVA PHARMACEUTICAL INDS LTD	TEVA	$5.7M	144,783	0.01%	-	new	NEW
SPACE EXPLORATION TECHN CORP	SPCX	$5.6M	37,327	0.01%	-	new	NEW
CARPENTER TECHNOLOGY CORP	CRS	$5.6M	14,323	0.01%	-0.02pp	3q	-28.8%-$2.3M
Rio Tinto PLC	RIO	$5.5M	58,580	0.01%	flat	8q	+2.6%+$139.4K
DEUTSCHE BK AG	DB	$5.5M	152,408	0.01%	flat	8q	-13.1%-$833.1K
FORTINET INC	FTNT	$5.4M	30,419	0.01%	flat	27q	+2.4%+$128.1K
THERMO FISHER SCIENTIFIC INC	TMO	$5.3M	7,904	0.01%	-0.02pp	27q	-65.6%-$10.2M
AFLAC INC	AFL	$5.2M	46,919	0.01%	flat	27q	-5.4%-$300.4K
HERSHEY CO	HSY	$5.2M	33,268	0.01%	-0.01pp	27q	-37.4%-$3.1M
NIKE INC	NKE	$5.2M	146,083	0.01%	flat	27q	-4.7%-$256.2K
AMERICAN TOWER CORP	AMT	$5.1M	31,169	0.01%	flat	27q	-0.6%-$30.1K
SOLSTICE ADVANCED MATLS INC	SOLS	$5.0M	89,270	0.01%	-0.01pp	4q	-10.4%-$583.6K
CONSTELLATION ENERGY CORP	CEG	$5.0M	19,590	0.01%	flat	3q	+0.8%+$40.8K
EMCOR GROUP INC	EME	$4.9M	6,461	0.01%	flat	5q	-10.0%-$543.7K
ISHARES U S ETF TR	CMDY	$4.9M	77,060	0.01%	-	new	NEW
DEERE CO	DE	$4.9M	7,220	0.01%	-0.02pp	27q	-67.6%-$10.1M
EXPEDITORS INTL WASH INC	EXPD	$4.8M	26,045	0.01%	flat	26q	+8.2%+$366.6K
ROLLINS INC	ROL	$4.7M	154,501	0.01%	-0.02pp	10q	-45.6%-$3.9M
ISHARES TR	EWU	$4.7M	99,996	0.01%	flat	27q	-5.2%-$256.0K
SPDR SERIES TRUST	XBI	$4.6M	29,480	0.01%	flat	27q	+6.4%+$281.6K
EDWARDS LIFESCIENCES CORP	EW	$4.6M	53,415	0.01%	flat	27q	+4.7%+$207.1K
KT CORP	KT	$4.6M	240,109	0.01%	flat	3q	+22.8%+$844.6K
AMKOR TECHNOLOGY INC	AMKR	$4.5M	85,274	0.01%	-0.02pp	3q	-47.9%-$4.1M
PAYCHEX INC	PAYX	$4.4M	44,806	0.01%	+0.01pp	2q	+83.4%+$2.0M
VERALTO CORP	VLTO	$4.3M	45,742	0.01%	flat	9q	-4.6%-$209.0K
AKAMAI TECHNOLOGIES INC	AKAM	$4.3M	40,441	0.01%	-	new	NEW
HARTFORD INSURANCE GROUP INC	HIG	$4.3M	35,103	0.01%	flat	18q	-17.8%-$930.7K
BLACKBERRY LTD	BB	$4.3M	470,700	0.01%	flat	8q	HELD
ALNYLAM PHARMACEUTICALS INC	ALNY	$4.1M	16,548	0.01%	flat	3q	HELD
CORNING INC	GLW	$4.1M	26,508	0.01%	-0.05pp	5q	-73.1%-$11.1M
ISHARES TR	IGV	$3.9M	37,110	0.01%	+0.01pp	2q	+181.3%+$2.5M
DBX ETF TR	ASHR	$3.9M	119,408	0.01%	flat	2q	HELD
ISHARES INC	IEMG	$3.9M	47,541	0.01%	-0.01pp	6q	-57.9%-$5.3M
WILLIAMS SONOMA INC	WSM	$3.8M	16,690	0.01%	flat	6q	-11.2%-$477.7K
ZSCALER INC	ZS	$3.8M	19,040	0.01%	+0.01pp	9q	+268.4%+$2.8M
WEST PHARMACEUTICAL SVSC INC	WST	$3.8M	10,169	0.01%	flat	9q	+39.8%+$1.1M
RESMED INC	RMD	$3.8M	16,980	0.01%	flat	8q	-8.1%-$332.4K
ROBERT HALF INC.	RHI	$3.7M	101,265	0.01%	flat	27q	+5.4%+$191.5K
CRH PLC	CRH	$3.7M	44,801	0.01%	flat	12q	-6.2%-$243.3K
COGNIZANT TECHNOLOGY SOLUTIO	CTSH	$3.7M	64,718	0.01%	+0.01pp	27q	+404.1%+$3.0M
DEXCOM INC	DXCM	$3.7M	42,669	0.01%	flat	25q	+23.2%+$693.8K
NRG ENERGY INC	NRG	$3.6M	37,809	0.01%	flat	12q	+15.1%+$475.6K
ICON PUB LTD CO	ICLR	$3.5M	20,762	0.01%	flat	12q	HELD
NEUROCRINE BIOSCIENCES INC	NBIX	$3.4M	24,125	0.01%	flat	4q	+1.5%+$48.9K
PETROLEO BRASILEIRO S A	PBR	$3.4M	163,600	0.01%	flat	8q	HELD
TELEDYNE TECHNOLOGIES INC	TDY	$3.4M	5,599	0.01%	-0.01pp	7q	-31.4%-$1.6M
NETAPP INC	NTAP	$3.4M	16,026	0.01%	flat	5q	-28.5%-$1.3M
MICROCHIP TECHNOLOGY INC.	MCHP	$3.3M	43,009	0.01%	-0.01pp	17q	-52.2%-$3.7M
SLB LIMITED	SLB	$3.2M	66,262	0.01%	flat	8q	+24.4%+$634.1K
LAUDER ESTEE COS INC	EL	$3.1M	33,482	0.01%	flat	27q	+7.1%+$208.8K
ALIBABA GROUP HLDG LTD	BABA	$3.1M	29,045	0.01%	flat	8q	+4.3%+$129.1K
ULTA BEAUTY INC	ULTA	$3.1M	5,708	0.01%	flat	27q	-12.4%-$443.0K
JABIL INC	JBL	$3.1M	10,738	0.01%	-0.01pp	5q	-21.8%-$863.0K
OLD DOMINION FREIGHT LINE IN	ODFL	$3.1M	17,690	0.01%	flat	7q	-12.8%-$450.0K
TRAVELERS COMPANIES INC	TRV	$3.1M	8,510	0.01%	-	new	NEW
TOYOTA MOTOR CORP	TM	$3.0M	16,039	0.01%	flat	8q	HELD
ICICI BK LTD	IBN	$3.0M	108,776	0.01%	flat	8q	-5.4%-$171.5K
RTX CORPORATION	RTX	$2.9M	15,782	0.01%	flat	8q	HELD
HDFC BANK LTD	HDB	$2.9M	130,020	0.01%	-0.01pp	8q	-33.4%-$1.5M
BOEING CO	BA	$2.9M	15,559	0.01%	-0.01pp	27q	-34.9%-$1.6M
KB FINL GROUP INC	KB	$2.8M	22,150	0.01%	flat	8q	+1.1%+$29.6K
ISHARES TR	VLUE	$2.8M	14,225	0.01%	flat	27q	-6.0%-$178.3K
MOSAIC CO	MOS	$2.7M	125,000	0.01%	flat	27q	-0.6%-$15.8K
RAYMOND JAMES FINL INC	RJF	$2.7M	17,082	0.01%	flat	5q	-10.9%-$329.1K
CHURCH & DWIGHT CO INC	CHD	$2.7M	28,199	0.01%	flat	27q	+6.8%+$169.5K
GE HEALTHCARE TECHNOLOGIES I	GEHC	$2.6M	40,354	0.01%	flat	15q	-12.3%-$371.6K
VANGUARD INDEX FDS	VNQ	$2.6M	28,500	0.01%	flat	9q	HELD
ISHARES TR	STIP	$2.6M	25,687	0.01%	flat	3q	HELD
LULULEMON ATHLETICA INC	LULU	$2.6M	26,361	0.01%	flat	27q	-2.6%-$69.2K
STATE STR CORP	STT	$2.5M	14,370	0.01%	-	new	NEW
DOORDASH INC	DASH	$2.5M	13,728	0.01%	-	new	NEW
ARCH CAP GROUP LTD	ACGL	$2.5M	27,223	0.01%	flat	12q	-11.1%-$313.9K
EVERPURE INC	P	$2.5M	18,842	0.01%	flat	15q	-5.5%-$142.6K
KARMAN HLDGS INC	KRMN	$2.4M	75,426	0.01%	-0.01pp	5q	-40.9%-$1.7M
UNITED THERAPEUTICS CORP DEL	UTHR	$2.4M	4,538	0.01%	flat	5q	-25.0%-$815.2K
DATADOG INC	DDOG	$2.4M	8,758	0.01%	flat	27q	-37.2%-$1.4M
ISHARES INC	EWZ	$2.4M	64,203	0.01%	-0.10pp	7q	-94.7%-$42.4M
DOVER CORP	DOV	$2.4M	12,722	0.01%	flat	27q	-24.5%-$774.5K
HUBBELL INC	HUBB	$2.4M	5,203	0.01%	-0.02pp	10q	-68.4%-$5.1M
WILLIS TOWERS WATSON PLC LTD	WTW	$2.3M	8,101	0.01%	flat	4q	-4.9%-$119.9K
ARCHER DANIELS MIDLAND CO	ADM	$2.3M	29,226	0.01%	flat	27q	-4.8%-$117.1K
WARNER BROS DISCOVERY INC	WBD	$2.3M	74,694	0.01%	flat	9q	HELD
CARDINAL HEALTH INC	CAH	$2.3M	10,250	0.01%	flat	27q	-39.9%-$1.5M
SHARKNINJA INC	SN	$2.2M	12,374	0.01%	flat	2q	-24.1%-$709.1K
CREDO TECHNOLOGY GROUP HOLDI	CRDO	$2.2M	11,286	0.01%	flat	4q	+48.2%+$714.9K
nan	MELI	$2.2M	1,269	0.01%	flat	8q	-0.8%-$17.3K
VANGUARD WHITEHALL FDS	VYM	$2.2M	14,000	0.01%	flat	3q	+55.6%+$776.0K
ISHARES TR	AGG	$2.2M	22,907	0.01%	flat	27q	-3.8%-$85.1K
BROADRIDGE FINL SOLUTIONS IN	BR	$2.2M	13,429	0.01%	flat	6q	+58.6%+$799.0K
NUCOR CORP	NUE	$2.2M	9,205	0.01%	flat	2q	+102.5%+$1.1M
SNAP ON INC	SNA	$2.2M	5,944	0.01%	flat	5q	-5.7%-$131.6K
LEIDOS HOLDINGS INC	LDOS	$2.1M	17,549	0.01%	flat	6q	+9.3%+$182.7K
DOLLAR TREE INC	DLTR	$2.1M	18,756	0.01%	-	new	NEW
ISHARES TR	IVLU	$2.1M	49,587	0.01%	flat	27q	HELD
PULTEGROUP INC	PHM	$2.1M	18,266	0.01%	flat	11q	-17.3%-$443.1K
DIGITALOCEAN HLDGS INC	DOCN	$2.1M	15,852	0.01%	flat	19q	+49.6%+$702.1K
LPL FINL HLDGS INC	LPLA	$2.1M	6,844	0.01%	-	new	NEW
UNITED RENTALS INC	URI	$2.1M	2,078	0.01%	flat	5q	-22.1%-$591.7K
ON HLDG AG	ONON	$2.1M	69,606	0.01%	flat	8q	+27.0%+$436.7K
COPART INC	CPRT	$2.0M	73,961	0.01%	flat	24q	+3464.4%+$2.0M
SELECT SECTOR SPDR TR	XLK	$2.0M	10,122	0.01%	flat	18q	-2.3%-$47.0K
UPSTART HLDGS INC	UPST	$2.0M	85,480	0.01%	flat	8q	HELD
MEDPACE HLDGS INC	MEDP	$1.9M	3,120	0.00%	flat	7q	-4.7%-$95.5K
NVR INC	NVR	$1.9M	308	0.00%	flat	9q	-11.5%-$246.3K
LENNOX INTL INC	LII	$1.9M	5,225	0.00%	-0.01pp	7q	-21.8%-$516.7K
TEXAS ROADHOUSE INC	TXRH	$1.8M	11,812	0.00%	flat	10q	-7.2%-$143.1K
CF INDUSTRIES HOLD	CF	$1.8M	15,642	0.00%	flat	27q	+21.9%+$323.9K
CURTISS WRIGHT CORP	CW	$1.8M	3,267	0.00%	-0.01pp	2q	-34.8%-$948.9K
NORDSON CORP	NDSN	$1.8M	5,392	0.00%	-	new	NEW
SPDR INDEX SHS FDS	GMF	$1.8M	11,300	0.00%	flat	27q	-38.3%-$1.1M
C H ROBINSON WORLDWIDE IN	CHRW	$1.8M	11,921	0.00%	flat	4q	-9.0%-$174.2K
ILLUMINA INC	ILMN	$1.7M	6,203	0.00%	flat	8q	+1901.0%+$1.6M
CUMMINS INC	CMI	$1.7M	3,232	0.00%	flat	5q	-25.7%-$578.2K
ISHARES SILVER TR	SLV	$1.7M	30,101	0.00%	flat	3q	+72.2%+$699.5K
SEA LTD	SE	$1.7M	16,837	0.00%	flat	8q	+0.9%+$14.4K
ISHARES TR	IJR	$1.6M	12,035	0.00%	flat	5q	-16.0%-$314.9K
COINBASE GLOBAL INC	COIN	$1.6M	8,616	0.00%	flat	18q	-1.7%-$28.4K
PACKAGING CORP AMER	PKG	$1.6M	7,107	0.00%	flat	5q	-23.8%-$508.2K
ETF SER SOLUTIONS	QTUM	$1.6M	10,570	0.00%	-	new	NEW
ISHARES TR	IVE	$1.6M	6,970	0.00%	-	new	NEW
AIR PRODUCTS AND CHEMICALS I	APD	$1.6M	5,732	0.00%	flat	27q	+9956.1%+$1.6M
ALLEGION PLC	ALLE	$1.6M	10,347	0.00%	flat	8q	-3.3%-$53.8K
METTLER TOLEDO INTERNATIONAL	MTD	$1.6M	1,052	0.00%	flat	27q	-5.0%-$83.2K
BAKER HUGHES COMPANY	BKR	$1.6M	28,713	0.00%	flat	3q	+34.8%+$407.3K
UNITED PARCEL SVCS INC	UPS	$1.6M	16,876	0.00%	flat	26q	+306.4%+$1.2M
VANGUARD INTL EQUITY INDEX F	VWO	$1.6M	26,357	0.00%	flat	9q	HELD
AMERICAN WTR WKS CO INC NEW	AWK	$1.5M	11,935	0.00%	flat	27q	HELD
ISHARES TR	SUSA	$1.5M	9,735	0.00%	flat	27q	+126.7%+$848.7K
SMURFIT WESTROCK PLC	SW	$1.5M	34,400	0.00%	flat	8q	HELD
3M CO	MMM	$1.5M	8,901	0.00%	flat	27q	-11.4%-$187.4K
COEUR MNG INC	CDE	$1.5M	83,067	0.00%	-	new	NEW
BERKLEY W R CORP	WRB	$1.4M	21,403	0.00%	flat	11q	-32.3%-$691.2K
REGENERON PHARMACEUTICALS	REGN	$1.4M	1,904	0.00%	flat	26q	+165.2%+$892.8K
WOODWARD INC	WWD	$1.4M	4,328	0.00%	flat	4q	-14.3%-$236.6K
INVESCO EXCH TRADED FD TR II	CQQQ	$1.4M	31,320	0.00%	flat	27q	+1466.0%+$1.3M
GENERAL MTRS CO	GM	$1.4M	17,646	0.00%	flat	27q	HELD
NVENT ELEC PLC	NVT	$1.4M	8,528	0.00%	flat	5q	-15.8%-$257.0K
TARGA RES CORP	TRGP	$1.4M	5,015	0.00%	flat	3q	-3.6%-$50.0K
ISHARES INC	EWW	$1.4M	19,000	0.00%	flat	3q	HELD
MSCI INC	MSCI	$1.3M	2,500	0.00%	flat	27q	-2.9%-$40.4K
ASTERA LABS INC	ALAB	$1.3M	3,734	0.00%	flat	6q	+101.4%+$669.8K
PTC INC	PTC	$1.3M	9,448	0.00%	-	new	NEW
CORTEVA INC	CTVA	$1.3M	17,012	0.00%	flat	27q	-6.5%-$92.3K
VALERO ENERGY CORP	VLO	$1.3M	3,396	0.00%	flat	4q	+12.5%+$145.8K
STANDEX INTL CORP	SXI	$1.3M	4,777	0.00%	flat	2q	-2.5%-$34.1K
CASEYS GEN STORES INC	CASY	$1.3M	2,121	0.00%	flat	3q	-2.0%-$26.8K
STARBUCKS CORP	SBUX	$1.3M	13,650	0.00%	flat	27q	+2657.6%+$1.2M
CVS HEALTH CORP	CVS	$1.3M	14,770	0.00%	flat	27q	+2301.6%+$1.2M
SPDR INDEX SHS FDS	FEZ	$1.3M	18,700	0.00%	flat	27q	HELD
UL SOLUTIONS INC	ULS	$1.2M	18,971	0.00%	flat	5q	-10.7%-$149.7K
VANGUARD BD INDEX FDS	BND	$1.2M	17,700	0.00%	flat	9q	+14.9%+$161.3K
METLIFE INC	MET	$1.2M	13,020	0.00%	-	new	NEW
CHIPOTLE MEXICAN GRILL INC	CMG	$1.2M	38,763	0.00%	-0.01pp	27q	-67.7%-$2.6M
DESCARTES SYS GROUP INC	DSGX	$1.2M	15,291	0.00%	flat	9q	+29.2%+$279.0K
HSBC HLDGS PLC	HSBC	$1.2M	12,412	0.00%	-	new	NEW
KRANESHARES TRUST	KWEB	$1.2M	50,000	0.00%	flat	3q	HELD
CENTENE CORP DEL	CNC	$1.2M	19,370	0.00%	flat	27q	+264.8%+$874.5K
HUMANA INC	HUM	$1.2M	3,065	0.00%	-	new	NEW
VANGUARD INTL EQUITY INDEX F	VPL	$1.2M	10,195	0.00%	flat	3q	+13.3%+$138.4K
ITT INC	ITT	$1.2M	5,787	0.00%	flat	2q	+5.2%+$57.9K
ISHARES TR	QUAL	$1.2M	5,191	0.00%	flat	27q	HELD
ALCOA CORP	AA	$1.1M	27,000	0.00%	-0.01pp	22q	-56.0%-$1.4M
TRACTOR SUPPLY CO	TSCO	$1.1M	36,089	0.00%	flat	18q	-11.7%-$150.2K

Showing the largest 400 of 669 positions.

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
Software & IT Services	$7.5B	19.2%
Semiconductors & Electronics	$6.6B	16.7%
Biotech & Pharma	$3.5B	9.0%
Computer Hardware	$3.3B	8.3%
Retail & Consumer	$2.2B	5.5%
Banks & Lending	$1.8B	4.7%
Business Services	$1.7B	4.3%
Industrials	$1.4B	3.7%
Funds & ETFs	$1.2B	3.1%
Energy	$1.2B	3.1%
Insurance	$898.9M	2.3%
Instruments & Controls	$844.2M	2.2%
Other sectors	$5.0B	12.8%
Not classified	$2.0B	5.1%

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	+0.9%	+2.1%	-1.3%	100%
Q2 2026	+13.1%	+14.8%	-1.7%	101%
Q1 2026	-4.7%	-4.6%	-0.0%	100%
Q4 2025	+1.8%	+2.4%	-0.6%	100%
Q3 2025	+4.9%	+7.8%	-2.9%	100%
Q2 2025	+10.6%	+10.5%	+0.1%	100%
Q1 2025	-4.0%	-4.6%	+0.6%	93%
Q4 2024	+1.1%	+2.1%	-1.1%	87%

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	$39.3B	669	60	209	236	52	39.8%	29
Q2 2026	$38.6B	661	54	219	229	71	36.8%	41
Q1 2026	$33.2B	678	83	158	295	49	34.7%	35
Q4 2025	$36.2B	644	54	170	271	79	38.1%	36
Q3 2025	$35.5B	669	92	221	216	33	38.7%	44
Q2 2025	$33.7B	610	30	147	247	32	36.6%	45
Q1 2025	$30.8B	612	51	407	146	71	34.0%	170
Q4 2024	$32.4B	632	149	378	94	26	36.7%	38
Q3 2024	$29.7B	509	56	115	325	37	39.4%	45
Q2 2024	$26.1B	490	45	62	372	80	42.4%	45
Q1 2024	$26.1B	525	32	142	211	47	37.0%	44
Q4 2023	$23.7B	540	58	208	260	43	35.4%	137
Q3 2023	$17.2B	525	28	332	152	62	36.3%	44
Q2 2023	$16.8B	559	33	132	349	57	36.8%	24
Q1 2023	$15.7B	583	49	211	199	38	34.2%	41
Q4 2022	$14.6B	572	38	368	140	36	32.6%	24
Q3 2022	$13.2B	570	44	124	371	71	34.4%	35
Q2 2022	$14.2B	597	63	200	197	43	34.4%	22
Q1 2022	$16.7B	577	39	192	246	288	38.4%	39
Q4 2021	$18.7B	826	116	284	286	97	36.9%	46
Q3 2021	$16.1B	807	73	301	285	84	35.0%	43
Q2 2021	$15.8B	818	83	346	266	78	33.5%	23
Q1 2021	$13.4B	813	129	278	329	117	33.0%	40
Q4 2020	$12.2B	801	150	329	218	83	35.7%	55
Q3 2020	$10.2B	734	110	275	174	63	36.6%	41
Q2 2020	$8.7B	687	134	206	272	83	36.3%	43
Q1 2020	$4.3B	636	0	0	0	0	35.8%	43

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.