What the whales actually own — parsed from EDGAR, not resold

Every position on this page is a snapshot of 2026-03-31. It was already about 45 days old the day it first became public. Today it is 134 days old.

That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.

A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:

• No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
• No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
• No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
• Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
• Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.

We parse the filings ourselves. For each manager we read EDGAR's submissions index, pull the 13F-HR info table for the quarter, and aggregate every row by CUSIP — funds file the same security several times when different internal managers hold it, and summing rows without aggregating double-counts a position.

Ticker coverage is measured, not assumed, and we publish both numbers rather than the flattering one. Across every row rendered on this site, 8,752 of 9,513 identifiers resolve to a US listing — 92.0%. Among the twenty largest positions in each fund, the part anyone actually reads, it is 99.4%. The gap is a long tail of obscure identifiers sitting deep in big books, and it closes as our identifier map fills in. Anything unresolved is shown under its issuer name rather than dropped, so a table never looks complete by hiding what it could not read.

And the totals are checked against the filers themselves. Every 13F carries the manager's own declared portfolio total on its summary page. We add up the holdings independently and compare: 99.6% of 8,655 filers reconcile to their own number. That check is what caught the quirk below — about 4% of managers still report position values in thousands rather than dollars, years after the rule required otherwise, and reading those at face value would understate a fund by a factor of a thousand.

Every fund page links to the exact EDGAR document it was built from. If a number here disagrees with the filing, the filing is right — go check it.