13F holdings
ACADIAN ASSET MANAGEMENT LLC portfolio
Managed by . 2,011 reported positions worth $70.5B as of 2026-03-31, filed with the SEC on 2026-05-13. Parsed from the filing itself, not a reseller.
$70.5B
Book value
2,011
Positions
24%
Top 10 weight
+347
New this quarter
-295
Exited
134 days
Age today
How old this actually is
Every position on this page is a snapshot of 2026-03-31. It was already 43 days old on 2026-05-13, 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.
What changed
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
New positions (347)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| AZN | ASTRAZENECA PLC | $456.6M | 2,330,171 | 0.65% |
| EWT | ISHARES INC | $66.7M | 941,188 | 0.09% |
| RF | REGIONS FINANCIAL CORP NEW | $51.0M | 1,951,620 | 0.07% |
| INDV | INDIVIOR PHARMACEUTICALS INC | $42.4M | 1,391,612 | 0.06% |
| CF | CF INDUSTRIES HOLD | $38.8M | 298,866 | 0.06% |
| ICE | INTERCONTINENTAL EXCHANGE IN | $38.2M | 242,897 | 0.05% |
| FRO | FRONTLINE PLC | $34.2M | 980,773 | 0.05% |
| VSNT | VERSANT MEDIA GROUP INC | $33.5M | 904,490 | 0.05% |
| COP | CONOCOPHILLIPS | $33.2M | 251,321 | 0.05% |
| OXY | OCCIDENTAL PETE CORP | $32.3M | 497,486 | 0.05% |
| TRMD | TORM PLC | $31.7M | 1,137,885 | 0.05% |
| LYB | LYONDELLBASELL INDS N SHRS A | $29.1M | 361,413 | 0.04% |
| NWSA | NEWS CORP NEW | $28.3M | 1,135,579 | 0.04% |
| AEE | AMEREN CORP | $24.6M | 223,994 | 0.03% |
| TFC | TRUIST FINL CORP | $23.7M | 514,880 | 0.03% |
| ECO | OKEANIS ECO TANKERS COR | $18.9M | 367,253 | 0.03% |
| DAR | DARLING INGREDIENTS INC | $18.5M | 299,494 | 0.03% |
| YUMC | YUM CHINA HLDGS INC | $16.2M | 333,015 | 0.02% |
| BW LPG LTD | BW LPG LTD | $14.7M | 837,212 | 0.02% |
| FMX | FOMENTO ECONOMICO MEXICANO SA | $12.7M | 114,089 | 0.02% |
| NDSN | NORDSON CORP | $12.3M | 46,131 | 0.02% |
| ACM | AECOM | $10.9M | 128,031 | 0.02% |
| NAVIOS MARITIME PARTNERS | NAVIOS MARITIME PARTNERS LP | $9.0M | 132,713 | 0.01% |
| ZIM | ZIM INTEGRATED SHIPPING SERV | $8.5M | 323,704 | 0.01% |
| OBE | OBSIDIAN ENERGY LTD | $8.0M | 845,305 | 0.01% |
Closed out (295)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| AZNN | ASTRAZENECA PLC | $200.2M | 2,178,578 | 0.00% |
| ACWX | ISHARES TR | $151.2M | 2,252,690 | 0.00% |
| INDV | INDIVIOR PLC | $109.5M | 3,085,113 | 0.00% |
| ARGX | ARGENX SE | $99.1M | 117,887 | 0.00% |
| KOD | KODIAK SCIENCES INC | $19.8M | 709,818 | 0.00% |
| RYAAY | RYANAIR HOLDINGS PLC | $15.3M | 212,032 | 0.00% |
| CSG SYS INTL INC | CSG SYS INTL INC | $11.9M | 155,771 | 0.00% |
| AAUC | ALLIED GOLD CORP | $11.3M | 494,192 | 0.00% |
| AEG | AEGON LTD | $10.5M | 1,362,895 | 0.00% |
| CLBT | CELLEBRITE DI LTD | $10.2M | 566,308 | 0.00% |
| MAS | MASCO CORP | $9.8M | 154,202 | 0.00% |
| ONTF | ON24 INC | $9.5M | 1,189,707 | 0.00% |
| AM6 | AMICUS THERAPEUTICS INC | $8.2M | 576,762 | 0.00% |
| XERS | XERIS BIOPHARMA HOLDINGS INC | $7.6M | 971,598 | 0.00% |
| LOPE | GRAND CANYON ED INC | $7.2M | 43,116 | 0.00% |
| VTYXUSD | VENTYX BIOSCIENCES INC | $7.0M | 773,512 | 0.00% |
| DQ | DAQO NEW ENERGY CORP | $6.8M | 229,490 | 0.00% |
| 5TC | TRUECAR INC | $6.4M | 2,831,363 | 0.00% |
| ARIS | ARIS MNG CORP | $5.6M | 346,520 | 0.00% |
| 8QR | CONFLUENT INC | $5.3M | 175,235 | 0.00% |
| AWK | AMERICAN WTR WKS CO INC NEW | $5.2M | 39,708 | 0.00% |
| MGIC | MAGIC SOFTWARE ENTERPRISES LTD | $4.9M | 189,384 | 0.00% |
| ONON | ON HLDG AG | $4.8M | 102,986 | 0.00% |
| MLCO | MELCO RESORTS AND ENTMNT LTD | $4.6M | 606,063 | 0.00% |
| FL8 | FLUSHING FINL CORP | $4.6M | 300,745 | 0.00% |
Added to (873)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| AAPL | APPLE INC | $3.9B | 15,340,172 | 5.52% | +40% |
| NVDA | NVIDIA CORPORATION | $3.3B | 18,653,828 | 4.62% | +8% |
| GOOGL | ALPHABET INC | $2.4B | 8,180,721 | 3.34% | +38% |
| MSFT | MICROSOFT CORP | $1.9B | 5,014,413 | 2.63% | +27% |
| AMZN | AMAZON COM INC | $1.3B | 6,136,480 | 1.81% | +26% |
| BNS | BANK NOVA SCOTIA B C | $1.0B | 15,020,030 | 1.47% | +17% |
| GOOG | ALPHABET INC | $941.0M | 3,280,292 | 1.33% | +76% |
| JPM | JPMORGAN CHASE & CO | $919.9M | 3,127,513 | 1.31% | +7% |
| PEP | PEPSICO INC | $869.6M | 5,599,960 | 1.23% | +385% |
| AVGO | BROADCOM LTD | $846.1M | 2,733,793 | 1.20% | +29% |
| BP | BP PLC | $838.0M | 17,831,964 | 1.19% | +72% |
| COST | COSTCO WHOLESALE CORPORATION | $812.3M | 815,308 | 1.15% | +28% |
| ASML | ASML HLDG NV | $797.4M | 603,781 | 1.13% | +62% |
| SU | SUNCOR ENERGY INC NEW | $769.6M | 11,673,670 | 1.09% | +17% |
| AMAT | APPLIED MATLS INC | $730.5M | 2,137,520 | 1.04% | +770% |
Trimmed (615)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| 430 | TERNS PHARMACEUTICALS INC | $5,000 | 98 | 0.00% | -100% |
| AXTI | AXT INC | $19,000 | 334 | 0.00% | -100% |
| MHO | M | $22,000 | 182 | 0.00% | -100% |
| PDS | PRECISION DRILLING CORP | $29,000 | 300 | 0.00% | -100% |
| STM | STMICROELECTRONICS N V | $91,000 | 2,667 | 0.00% | -100% |
| FIVE | FIVE BELOW INC | $48,000 | 214 | 0.00% | -99% |
| TME | TENCENT MUSIC ENTMT GROUP | $29,000 | 3,160 | 0.00% | -99% |
| FUTU | FUTU HLDGS LTD | $500,000 | 3,667 | 0.00% | -99% |
| AUGO | AURA MINERALS INC | $62,000 | 768 | 0.00% | -99% |
| RGNX | REGENXBIO INC | $27,000 | 3,233 | 0.00% | -99% |
| BN | BROOKFIELD CORP | $21,000 | 529 | 0.00% | -99% |
| CRWD | CROWDSTRIKE HLDGS INC | $138,000 | 354 | 0.00% | -99% |
| CBRE | CBRE GROUP INC | $126,000 | 935 | 0.00% | -99% |
| ILMN | ILLUMINA INC | $186,000 | 1,523 | 0.00% | -99% |
| AUTL | AUTOLUS THERAPEUTICS LTD | $38,000 | 27,597 | 0.00% | -98% |
The book
Largest 150 of 2,011 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| AAPL | APPLE INC | $3.9B | 15,340,172 | 5.52% | — |
| NVDA | NVIDIA CORPORATION | $3.3B | 18,653,828 | 4.62% | — |
| GOOGL | ALPHABET INC | $2.4B | 8,180,721 | 3.34% | — |
| MSFT | MICROSOFT CORP | $1.9B | 5,014,413 | 2.63% | — |
| AMZN | AMAZON COM INC | $1.3B | 6,136,480 | 1.81% | — |
| BNS | BANK NOVA SCOTIA B C | $1.0B | 15,020,030 | 1.47% | — |
| GOOG | ALPHABET INC | $941.0M | 3,280,292 | 1.33% | — |
| JPM | JPMORGAN CHASE & CO | $919.9M | 3,127,513 | 1.31% | — |
| PEP | PEPSICO INC | $869.6M | 5,599,960 | 1.23% | — |
| AVGO | BROADCOM LTD | $846.1M | 2,733,793 | 1.20% | — |
| BP | BP PLC | $838.0M | 17,831,964 | 1.19% | — |
| COST | COSTCO WHOLESALE CORPORATION | $812.3M | 815,308 | 1.15% | — |
| ASML | ASML HLDG NV | $797.4M | 603,781 | 1.13% | — |
| SU | SUNCOR ENERGY INC NEW | $769.6M | 11,673,670 | 1.09% | — |
| META | META PLATFORMS INC | $768.7M | 1,343,709 | 1.09% | — |
| AMAT | APPLIED MATLS INC | $730.5M | 2,137,520 | 1.04% | — |
| ERIC | TELEFONAKTIEBOLAGET LM ERICS | $730.4M | 64,816,105 | 1.04% | — |
| TJX | TJX COS INC NEW | $729.7M | 4,569,592 | 1.04% | — |
| BMY | BRISTOL-MYERS SQUIBB CO | $720.9M | 11,887,668 | 1.02% | — |
| BKNG | BOOKING HOLDINGS INC | $709.9M | 168,618 | 1.01% | — |
| KLAC | KLA CORP | $689.3M | 468,189 | 0.98% | — |
| CL | COLGATE PALMOLIVE CO | $676.5M | 7,937,403 | 0.96% | — |
| GSK | GSK PLC | $651.0M | 11,797,085 | 0.92% | — |
| CM | CANADIAN IMPERIAL BANK OF CO | $645.1M | 6,828,789 | 0.92% | — |
| LRCX | LAM RESEARCH CORP | $639.2M | 2,991,882 | 0.91% | — |
| MCK | MCKESSON CORP | $624.0M | 721,091 | 0.89% | — |
| ABNB | AIRBNB INC | $619.3M | 4,904,261 | 0.88% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $604.6M | 1,261,646 | 0.86% | — |
| CVX | CHEVRON CORPORATION | $583.4M | 2,819,681 | 0.83% | — |
| EXMOC | EXXON MOBIL CORP | $514.1M | 3,030,339 | 0.73% | — |
| MU | MICRON TECHNOLOGY INC | $512.3M | 1,516,435 | 0.73% | — |
| TD | TORONTO DOMINION BK ONT | $510.1M | 5,480,221 | 0.72% | — |
| MRK | MERCK & CO INC | $505.5M | 4,202,381 | 0.72% | — |
| LLY | ELI LILLY & CO | $491.1M | 534,020 | 0.70% | — |
| JNJ | JOHNSON & JOHNSON | $465.8M | 1,905,647 | 0.66% | — |
| AZN | ASTRAZENECA PLC | $456.6M | 2,330,171 | 0.65% | — |
| ABBV | ABBVIE INC | $455.7M | 2,095,605 | 0.65% | — |
| C | CITIGROUP INC | $450.1M | 3,969,463 | 0.64% | — |
| LOGI | LOGITECH INTL S A | $411.7M | 4,572,440 | 0.58% | — |
| TSLA | TESLA INC | $397.6M | 1,069,705 | 0.56% | — |
| BAC | BANK AMERICA CORP | $375.5M | 7,703,316 | 0.53% | — |
| CAH | CARDINAL HEALTH INC | $366.9M | 1,736,431 | 0.52% | — |
| TEL | TE CONNECTIVITY PLC | $346.6M | 1,658,636 | 0.49% | — |
| BCS | BARCLAYS PLC | $333.9M | 15,781,238 | 0.47% | — |
| ABT | ABBOTT LABORATORIES | $330.8M | 3,222,118 | 0.47% | — |
| SCCO | SOUTHERN COPPER CORP | $318.6M | 1,851,985 | 0.45% | — |
| ZM | ZOOM COMMUNICATIONS INC | $316.5M | 3,938,007 | 0.45% | — |
| EXPE | EXPEDIA GROUP INC | $306.7M | 1,328,401 | 0.44% | — |
| AU | ANGLOGOLD ASHANTI PLC | $300.4M | 3,085,628 | 0.43% | — |
| GS | GOLDMAN SACHS GROUP INC | $293.6M | 347,116 | 0.42% | — |
| NFLX | NETFLIX INC. | $293.5M | 3,053,214 | 0.42% | — |
| EBAY | EBAY INC. | $287.4M | 3,157,558 | 0.41% | — |
| VEEV | VEEVA SYS INC | $286.5M | 1,631,460 | 0.41% | — |
| ADBE | ADOBE INC | $284.1M | 1,169,059 | 0.40% | — |
| PLD | PROLOGIS INC. | $281.7M | 2,131,166 | 0.40% | — |
| ROST | ROSS STORES INC | $278.9M | 1,287,678 | 0.40% | — |
| VLO | VALERO ENERGY CORP | $268.8M | 1,088,182 | 0.38% | — |
| TER | TERADYNE INC | $258.6M | 872,377 | 0.37% | — |
| ANET | ARISTA NETWORKS INC | $258.2M | 2,102,893 | 0.37% | — |
| VIPS | VIPSHOP HLDGS LTD | $250.1M | 15,912,680 | 0.35% | — |
| INFY | INFOSYS LTD | $238.6M | 17,666,432 | 0.34% | — |
| ROKU | ROKU INC | $238.5M | 2,521,078 | 0.34% | — |
| STX | SEAGATE TECHNOLOGY HLDNGS PL | $236.9M | 604,893 | 0.34% | — |
| PFE | PFIZER INC | $235.9M | 8,401,716 | 0.33% | — |
| CHKP | CHECK POINT SOFTWARE TECH LTD | $228.2M | 1,598,198 | 0.32% | — |
| MS | MORGAN STANLEY | $227.5M | 1,382,293 | 0.32% | — |
| GE | GE AEROSPACE | $225.3M | 794,118 | 0.32% | — |
| HBM | HUDBAY MINERALS INC | $224.0M | 10,735,919 | 0.32% | — |
| BAP | CREDICORP LTD | $222.4M | 655,818 | 0.32% | — |
| GDDY | GODADDY INC | $221.5M | 2,680,070 | 0.31% | — |
| PG | PROCTER & GAMBLE CO | $214.3M | 1,483,741 | 0.30% | — |
| FTI | TECHNIPFMC PLC | $203.5M | 2,944,045 | 0.29% | — |
| CMI | CUMMINS INC | $201.1M | 373,800 | 0.29% | — |
| BNY | BANK NEW YORK MELLON CORP | $199.7M | 1,683,589 | 0.28% | — |
| EEM | ISHARES TR | $198.7M | 3,499,605 | 0.28% | — |
| NOW | SERVICENOW INC | $185.9M | 1,778,720 | 0.26% | — |
| T | AT&T INC | $184.0M | 6,348,395 | 0.26% | — |
| INCY | INCYTE CORP | $178.9M | 1,900,824 | 0.25% | — |
| AMD | ADVANCED MICRO DEVICES INC | $178.3M | 876,643 | 0.25% | — |
| BVN | COMPANIA DE MINAS BUENAVENTURA | $178.3M | 4,947,755 | 0.25% | — |
| UTHR | UNITED THERAPEUTICS CORP DEL | $178.0M | 300,204 | 0.25% | — |
| CSCO | CISCO SYS INC | $177.8M | 2,292,580 | 0.25% | — |
| HTHT | H WORLD GROUP LTD | $176.9M | 3,519,097 | 0.25% | — |
| INTU | INTUIT | $175.5M | 406,065 | 0.25% | — |
| WDC | WESTERN DIGITAL CORP | $170.3M | 629,886 | 0.24% | — |
| MSI | MOTOROLA SOLUTIONS INC | $165.8M | 382,182 | 0.24% | — |
| HCA | HCA HEALTHCARE INC | $165.1M | 349,061 | 0.23% | — |
| V | VISA INC | $163.8M | 541,882 | 0.23% | — |
| AYI | ACUITY INC | $163.3M | 583,045 | 0.23% | — |
| BMO | BANK MONTREAL MEDIUM | $161.4M | 1,195,281 | 0.23% | — |
| ASX | ASE TECHNOLOGY HLDG CO LTD | $159.8M | 7,370,434 | 0.23% | — |
| MNST | MONSTER BEVERAGE CORP | $159.6M | 2,202,522 | 0.23% | — |
| CNC | CENTENE CORP DEL | $157.5M | 4,811,551 | 0.22% | — |
| PBR | PETROLEO BRASILEIRO S A | $155.0M | 7,470,000 | 0.22% | — |
| NEM | NEWMONT CORP | $154.9M | 1,431,044 | 0.22% | — |
| DB | DEUTSCHE BK AG | $153.0M | 5,286,588 | 0.22% | — |
| UNH | UNITEDHEALTH GROUP INC | $151.7M | 560,512 | 0.22% | — |
| EA* | ELECTRONIC ARTS INC | $150.1M | 736,439 | 0.21% | — |
| QCOM | QUALCOMM INC | $149.8M | 1,163,818 | 0.21% | — |
| RY | ROYAL BK CDA | $149.5M | 927,933 | 0.21% | — |
| SYK | STRYKER CORPORATION | $147.5M | 449,052 | 0.21% | — |
| CX | CEMEX SA EURO MTN BE 144A | $146.5M | 12,805,952 | 0.21% | — |
| MRSH | MARSH & MCLENNAN COS INC | $146.4M | 844,067 | 0.21% | — |
| ROP | ROPER TECHNOLOGIES INC | $145.5M | 411,149 | 0.21% | — |
| SIMO | SILICON MOTION TECHNOLOGY CO | $145.2M | 1,293,710 | 0.21% | — |
| GEV | GE VERNOVA INC | $144.3M | 165,372 | 0.20% | — |
| MA | MASTERCARD INCORPORATED | $142.7M | 285,597 | 0.20% | — |
| JXN | JACKSON FINANCIAL INC | $141.2M | 1,335,793 | 0.20% | — |
| NYT | NEW YORK TIMES CO MTN BE | $140.0M | 1,672,694 | 0.20% | — |
| PLTR | PALANTIR TECHNOLOGIES INC | $139.1M | 950,716 | 0.20% | — |
| CTAS | CINTAS CORP | $138.5M | 819,196 | 0.20% | — |
| CGAU | CENTERRA GOLD INC | $136.6M | 7,710,584 | 0.19% | — |
| BZ | KANZHUN LIMITED | $135.3M | 10,110,270 | 0.19% | — |
| CTVA | CORTEVA INC | $132.9M | 1,587,772 | 0.19% | — |
| KO | COCA COLA CO | $131.9M | 1,734,804 | 0.19% | — |
| GRMN | GARMIN LTD | $131.8M | 568,115 | 0.19% | — |
| MPC | MARATHON PETE CORP | $129.5M | 530,588 | 0.18% | — |
| DBX | DROPBOX INC | $129.3M | 5,690,985 | 0.18% | — |
| CIEN | CIENA CORP | $128.1M | 330,121 | 0.18% | — |
| PSX | PHILLIPS 66 | $128.1M | 703,241 | 0.18% | — |
| AMT | AMERICAN TOWER CORP | $126.9M | 735,606 | 0.18% | — |
| KEYS | KEYSIGHT TECHNOLOGIES INC | $123.2M | 436,381 | 0.17% | — |
| ED | CONSOLIDATED EDISON INC | $123.1M | 1,087,843 | 0.17% | — |
| CRUS | CIRRUS LOGIC INC | $120.6M | 834,284 | 0.17% | — |
| MMM | 3M CO | $120.4M | 828,844 | 0.17% | — |
| ORCL | ORACLE CORP | $120.3M | 817,947 | 0.17% | — |
| AME | AMETEK INC | $120.1M | 560,118 | 0.17% | — |
| FSM | FORTUNA MNG CORP | $118.7M | 11,983,849 | 0.17% | — |
| VICI | VICI PPTYS INC | $118.6M | 4,341,393 | 0.17% | — |
| GFI | GOLD FIELDS LTD | $118.5M | 2,610,671 | 0.17% | — |
| LMT | LOCKHEED MARTIN CORP | $118.4M | 195,884 | 0.17% | — |
| CFG | CITIZENS FINL GROUP INC | $117.5M | 1,960,174 | 0.17% | — |
| IBM | INTERNATIONAL BUSINESS MACHS | $116.8M | 481,905 | 0.17% | — |
| REGN | REGENERON PHARMACEUTICALS | $116.8M | 151,191 | 0.17% | — |
| FTNT | FORTINET INC | $116.2M | 1,422,714 | 0.16% | — |
| CAT | CATERPILLAR INC | $116.1M | 163,869 | 0.16% | — |
| CHE | CHEMED CORP NEW | $115.9M | 306,886 | 0.16% | — |
| SNAP | SNAP INC | $115.1M | 25,033,425 | 0.16% | — |
| UBS | UBS GROUP AG | $113.6M | 2,971,356 | 0.16% | — |
| BOX | BOX INC | $111.7M | 4,725,486 | 0.16% | — |
| TT | TRANE TECHNOLOGIES PLC | $111.6M | 267,869 | 0.16% | — |
| CRM | SALESFORCE INC | $108.4M | 580,700 | 0.15% | — |
| VLTO | VERALTO CORP | $107.6M | 1,217,068 | 0.15% | — |
| HAL | HALLIBURTON CO | $107.0M | 2,745,090 | 0.15% | — |
| HUBS | HUBSPOT INC | $106.9M | 438,087 | 0.15% | — |
| LIN | LINDE PLC | $105.5M | 212,818 | 0.15% | — |
| INTC | INTEL CORP | $103.3M | 2,341,433 | 0.15% | — |
| SBSW | SIBANYE STILLWATER LTD | $102.1M | 8,288,269 | 0.14% | — |
| CVLT | COMMVAULT SYS INC | $97.7M | 1,254,384 | 0.14% | — |
| PNC | PNC FINL SVCS GROUP INC | $97.4M | 468,019 | 0.14% | — |
This table is the 150 largest positions by value, out of 2,011 reported. The search box only searches what is on this page — a name absent from it may still be in the filing further down the book. The full info table is here.
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
Read the original
This page was built from one document: the 2026-03-31 Form 13F info table filed by ACADIAN ASSET MANAGEMENT LLC (CIK 916542, accession 0001140361-26-020957). Every other 13F site is reading the same file.
One quirk worth naming: this manager still reports position values in thousands, although Form 13F has required whole dollars since 2023. We detect that by comparing this filing’s implied price per share against what every other manager holding the same securities reported for them this quarter — and multiply by 1,000. Figures on this page are therefore 1,000x the numbers you will read in the document itself.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
What a 13F cannot show you
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.
Tested and published by IndicatorEdge · backtest grid generated 2026-06-25 · base rates recomputed 2026-07-31 · how we test
Free · no spam
Get the weekly edge report
The best-performing indicator per asset, what changed this week, and the honest caveats — straight to your inbox.