13F holdings
ADAGE CAPITAL PARTNERS GP, L.L.C. portfolio
Managed by . 954 reported positions worth $64.8B as of 2026-03-31, filed with the SEC on 2026-05-15. Parsed from the filing itself, not a reseller.
$64.8B
Book value
954
Positions
28%
Top 10 weight
+213
New this quarter
-163
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 45 days old on 2026-05-15, 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 (213)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| TAK | TAKEDA PHARMACEUTICAL CO LTD | $119.0M | 6,424,984 | 0.18% |
| SO | SOUTHERN CO | $114.6M | 1,186,900 | 0.18% |
| VOYA | VOYA FINANCIAL INC | $102.5M | 1,500,000 | 0.16% |
| AEP | AMERICAN ELEC PWR CO INC | $95.6M | 729,506 | 0.15% |
| ITT | ITT INC | $83.6M | 438,948 | 0.13% |
| VRT | VERTIV HOLDINGS CO | $73.3M | 292,700 | 0.11% |
| MANE | VERADERMICS INC | $69.5M | 1,100,000 | 0.11% |
| ARGX | ARGENX SE | $65.7M | 90,000 | 0.10% |
| MRSH | MARSH & MCLENNAN COS INC | $61.3M | 353,661 | 0.09% |
| WCN | WASTE CONNECTIONS INC | $50.4M | 310,000 | 0.08% |
| CIEN | CIENA CORP | $45.1M | 116,200 | 0.07% |
| AEE | AMEREN CORP | $41.5M | 377,590 | 0.06% |
| WBS | WEBSTER FINL CORP | $38.9M | 561,000 | 0.06% |
| BDX | BECTON DICKINSON & CO | $37.9M | 241,115 | 0.06% |
| SUNB | SUNBELT RENTALS HOLDINGS INC | $36.8M | 565,000 | 0.06% |
| FITB | FIFTH THIRD BANCORP | $36.1M | 776,297 | 0.06% |
| MAZE | MAZE THERAPEUTICS INC | $35.2M | 1,178,000 | 0.05% |
| SRRK | SCHOLAR ROCK HLDG CORP | $34.4M | 700,000 | 0.05% |
| ERAS | ERASCA INC | $34.0M | 2,100,000 | 0.05% |
| RSG | REPUBLIC SVCS INC | $33.6M | 153,316 | 0.05% |
| DUK | DUKE ENERGY CORP NEW | $30.1M | 230,113 | 0.05% |
| FTW | PRESIDIO PRODTN CO | $29.9M | 2,717,391 | 0.05% |
| CCXI | CHURCHILL CAP CORP XI | $27.4M | 2,700,000 | 0.04% |
| KBON | KARBON CAP PARTNERS CORP | $27.2M | 2,700,000 | 0.04% |
| CGON | CG ONCOLOGY INC | $27.1M | 399,858 | 0.04% |
Closed out (163)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| RNAGBP | AVIDITY BIOSCIENCES INC | $189.8M | 2,630,966 | 0.00% |
| D | DOMINION ENERGY INC | $125.5M | 2,141,911 | 0.00% |
| EXK | EXACT SCIENCES CORP | $108.4M | 1,067,342 | 0.00% |
| JAZZ | JAZZ PHARMACEUTICALS PLC | $93.2M | 548,000 | 0.00% |
| RYAN | RYAN SPECIALTY HOLDINGS INC | $83.1M | 1,610,000 | 0.00% |
| AYI | ACUITY INC | $78.2M | 217,335 | 0.00% |
| PEG | PUBLIC SVC ENTERPRISE GRP IN | $72.9M | 907,750 | 0.00% |
| CYBR | CYBERARK SOFTWARE LTD | $69.6M | 156,078 | 0.00% |
| CDTX | CIDARA THERAPEUTICS INC | $58.2M | 263,332 | 0.00% |
| OCUL | OCULAR THERAPEUTIX INC | $56.1M | 4,625,050 | 0.00% |
| MET | METLIFE INC | $47.3M | 599,626 | 0.00% |
| CR | CRANE COMPANY | $46.3M | 251,000 | 0.00% |
| DAY | DAYFORCE INC | $41.1M | 594,500 | 0.00% |
| SYK | STRYKER CORPORATION | $38.6M | 109,720 | 0.00% |
| ESI | ELEMENT SOLUTIONS INC | $37.8M | 1,513,000 | 0.00% |
| ARWR | ARROWHEAD PHARMACEUTICALS IN | $36.5M | 550,000 | 0.00% |
| RDNT | RADNET INC | $34.0M | 476,626 | 0.00% |
| CIVI | CIVITAS RESOURCES INC | $32.5M | 1,200,000 | 0.00% |
| GATES INDL CORP PLC | GATES INDL CORP PLC | $29.3M | 1,365,000 | 0.00% |
| ATAI BECKLEY NV | ATAI BECKLEY NV | $29.0M | 7,079,846 | 0.00% |
| CCXIU | CHURCHILL CAP CORP XI | $27.6M | 2,700,000 | 0.00% |
| AZNN | ASTRAZENECA PLC | $27.4M | 297,943 | 0.00% |
| CL | COLGATE PALMOLIVE CO | $27.3M | 345,720 | 0.00% |
| CRANU | CRANE HBR ACQUISITION CORP I | $27.2M | 2,700,000 | 0.00% |
| KBONU | KARBON CAP PARTNERS CORP | $27.2M | 2,700,000 | 0.00% |
Added to (270)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| AMZN | AMAZON COM INC | $1.9B | 9,156,260 | 2.94% | +1% |
| META | META PLATFORMS INC | $1.2B | 2,059,335 | 1.82% | +2% |
| LLY | ELI LILLY & CO | $880.1M | 956,817 | 1.36% | +15% |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $804.0M | 1,677,769 | 1.24% | +2% |
| JNJ | JOHNSON & JOHNSON | $602.1M | 2,463,008 | 0.93% | +11% |
| RVMD | REVOLUTION MEDICINES INC | $532.5M | 5,475,611 | 0.82% | +148% |
| CVX | CHEVRON CORPORATION | $517.4M | 2,500,766 | 0.80% | +40% |
| COST | COSTCO WHOLESALE CORPORATION | $396.3M | 397,677 | 0.61% | +2% |
| ROIV | ROIVANT SCIENCES LTD | $354.4M | 12,794,097 | 0.55% | +20% |
| GE | GE AEROSPACE | $293.6M | 1,034,763 | 0.45% | +17% |
| CSX | CSX CORP | $290.9M | 7,085,533 | 0.45% | +85% |
| BSX | BOSTON SCIENTIFIC CORP | $290.7M | 4,633,237 | 0.45% | +122% |
| KO | COCA COLA CO | $289.2M | 3,802,182 | 0.45% | +11% |
| CTRA | COTERRA ENERGY INC | $288.8M | 8,219,512 | 0.45% | +649% |
| ORCL | ORACLE CORP | $282.3M | 1,919,116 | 0.44% | +3% |
Trimmed (340)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| STWD | STARWOOD PPTY TR INC | $688,800 | 40,000 | 0.00% | -96% |
| MAREX GROUP PLC | MAREX GROUP PLC | $2.1M | 48,107 | 0.00% | -96% |
| WLTH | WEALTHFRONT CORP | $308,950 | 33,400 | 0.00% | -96% |
| AFG | AMERICAN FINANCIAL GROUP INC | $1.9M | 15,000 | 0.00% | -95% |
| IRTC | IRHYTHM HOLDINGS INC | $978,268 | 8,289 | 0.00% | -93% |
| BORR | BORR DRILLING LTD | $577,000 | 100,000 | 0.00% | -93% |
| FDS | FACTSET RESH SYS INC | $455,679 | 2,100 | 0.00% | -91% |
| URI | UNITED RENTALS INC | $3.4M | 4,621 | 0.01% | -91% |
| 1U5 | WAVE LIFE SCIENCES LTD | $7.2M | 1,000,000 | 0.01% | -90% |
| COO | COOPER COS INC | $1.8M | 24,860 | 0.00% | -86% |
| POOL | POOL CORP | $10.0M | 49,200 | 0.02% | -86% |
| SIMO | SILICON MOTION TECHNOLOGY CO | $6.1M | 54,687 | 0.01% | -85% |
| BAERW | BRIDGER AEROSPACE GRP HLDGS | $11,135 | 28,551 | 0.00% | -84% |
| REPL | REPLIMUNE GROUP INC | $2.4M | 307,368 | 0.00% | -83% |
| TECH | BIO-TECHNE CORP | $3.5M | 67,600 | 0.01% | -82% |
The book
Largest 150 of 954 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPORATION | $3.9B | 22,098,810 | 5.95% | — |
| AAPL | APPLE INC | $3.3B | 13,046,454 | 5.11% | — |
| MSFT | MICROSOFT CORP | $2.4B | 6,575,643 | 3.76% | — |
| AMZN | AMAZON COM INC | $1.9B | 9,156,260 | 2.94% | — |
| GOOGL | ALPHABET INC | $1.5B | 5,215,600 | 2.31% | — |
| AVGO | BROADCOM INC | $1.3B | 4,112,056 | 1.96% | — |
| META | META PLATFORMS INC | $1.2B | 2,059,335 | 1.82% | — |
| GOOG | ALPHABET INC | $1.2B | 4,104,520 | 1.82% | — |
| TSLA | TESLA INC | $897.6M | 2,414,500 | 1.39% | — |
| LLY | ELI LILLY & CO | $880.1M | 956,817 | 1.36% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $804.0M | 1,677,769 | 1.24% | — |
| COP | CONOCOPHILLIPS | $794.5M | 6,019,177 | 1.23% | — |
| JPM | JPMORGAN CHASE & CO | $710.5M | 2,415,266 | 1.10% | — |
| JNJ | JOHNSON & JOHNSON | $602.1M | 2,463,008 | 0.93% | — |
| RVMD | REVOLUTION MEDICINES INC | $532.5M | 5,475,611 | 0.82% | — |
| CVX | CHEVRON CORPORATION | $517.4M | 2,500,766 | 0.80% | — |
| WMT | WALMART INC | $455.1M | 3,662,026 | 0.70% | — |
| V | VISA INC | $450.0M | 1,489,040 | 0.69% | — |
| PG | PROCTER & GAMBLE CO | $406.9M | 2,816,973 | 0.63% | — |
| COST | COSTCO WHOLESALE CORPORATION | $396.3M | 397,677 | 0.61% | — |
| EXMOC | EXXON MOBIL CORP | $376.5M | 2,218,922 | 0.58% | — |
| MU | MICRON TECHNOLOGY INC | $373.5M | 1,105,603 | 0.58% | — |
| RPRX | ROYALTY PHARMA PLC | $358.8M | 7,480,633 | 0.55% | — |
| MA | MASTERCARD INCORPORATED | $356.6M | 713,610 | 0.55% | — |
| 260 | CENTESSA PHARMACEUTICALS PLC | $354.5M | 8,925,010 | 0.55% | — |
| ROIV | ROIVANT SCIENCES LTD | $354.4M | 12,794,097 | 0.55% | — |
| NFLX | NETFLIX INC. | $349.3M | 3,632,430 | 0.54% | — |
| MRK | MERCK & CO INC | $323.3M | 2,687,439 | 0.50% | — |
| ABBV | ABBVIE INC | $319.8M | 1,470,271 | 0.49% | — |
| HD | HOME DEPOT INC | $313.7M | 953,856 | 0.48% | — |
| BAC | BANK AMERICA CORP | $312.0M | 6,399,373 | 0.48% | — |
| CSCO | CISCO SYS INC | $301.4M | 3,884,521 | 0.47% | — |
| PLTR | PALANTIR TECHNOLOGIES INC | $299.3M | 2,046,400 | 0.46% | — |
| GE | GE AEROSPACE | $293.6M | 1,034,763 | 0.45% | — |
| OVV | OVINTIV INC | $291.3M | 4,907,109 | 0.45% | — |
| CSX | CSX CORP | $290.9M | 7,085,533 | 0.45% | — |
| BSX | BOSTON SCIENTIFIC CORP | $290.7M | 4,633,237 | 0.45% | — |
| KO | COCA COLA CO | $289.2M | 3,802,182 | 0.45% | — |
| CTRA | COTERRA ENERGY INC | $288.8M | 8,219,512 | 0.45% | — |
| ORCL | ORACLE CORP | $282.3M | 1,919,116 | 0.44% | — |
| CAT | CATERPILLAR INC | $274.0M | 386,804 | 0.42% | — |
| RTX | RTX CORPORATION | $272.5M | 1,412,457 | 0.42% | — |
| AMD | ADVANCED MICRO DEVICES INC | $269.7M | 1,325,594 | 0.42% | — |
| TMO | THERMO FISHER SCIENTIFIC INC | $268.3M | 545,832 | 0.41% | — |
| TNGX | TANGO THERAPEUTICS INC | $268.0M | 12,809,485 | 0.41% | — |
| PRAX | PRAXIS PRECISION MEDICINES I | $262.8M | 815,739 | 0.41% | — |
| UNH | UNITEDHEALTH GROUP INC | $258.8M | 956,506 | 0.40% | — |
| LRCX | LAM RESEARCH CORP | $247.4M | 1,158,120 | 0.38% | — |
| NSC | NORFOLK SOUTHN CORP | $245.1M | 854,036 | 0.38% | — |
| VNOM | VIPER ENERGY INC | $235.2M | 5,004,690 | 0.36% | — |
| PM | PHILIP MORRIS INTL INC | $230.6M | 1,394,554 | 0.36% | — |
| AMAT | APPLIED MATLS INC | $227.6M | 666,026 | 0.35% | — |
| IBM | INTERNATIONAL BUSINESS MACHS | $227.2M | 937,390 | 0.35% | — |
| APH | AMPHENOL CORP | $225.5M | 1,784,888 | 0.35% | — |
| LIN | LINDE PLC | $224.7M | 453,335 | 0.35% | — |
| WFC | WELLS FARGO & CO | $220.5M | 2,769,496 | 0.34% | — |
| RBA | RB GLOBAL INC | $216.6M | 2,260,145 | 0.33% | — |
| CRM | SALESFORCE INC | $203.4M | 1,089,439 | 0.31% | — |
| JCI | JOHNSON CONTROLS INTERNATION | $198.5M | 1,515,676 | 0.31% | — |
| VZ | VERIZON COMMUNICATIONS INC | $197.2M | 3,927,772 | 0.30% | — |
| GEV | GE VERNOVA INC | $196.0M | 224,499 | 0.30% | — |
| CB | CHUBB LTD SWITZ | $194.2M | 595,883 | 0.30% | — |
| LOW | LOWES COS INC | $192.0M | 812,505 | 0.30% | — |
| MTDR | MATADOR RES CO | $191.8M | 3,035,997 | 0.30% | — |
| INTC | INTEL CORP | $183.7M | 4,163,354 | 0.28% | — |
| GS | GOLDMAN SACHS GROUP INC | $182.2M | 215,328 | 0.28% | — |
| T | AT&T INC | $177.5M | 6,121,439 | 0.27% | — |
| WBD | WARNER BROS DISCOVERY INC | $176.2M | 6,416,487 | 0.27% | — |
| ABT | ABBOTT LABORATORIES | $175.3M | 1,707,764 | 0.27% | — |
| ISRG | INTUITIVE SURGICAL INC | $175.1M | 379,858 | 0.27% | — |
| EA* | ELECTRONIC ARTS INC | $172.4M | 845,408 | 0.27% | — |
| CHRD | CHORD ENERGY CORPORATION | $168.9M | 1,188,151 | 0.26% | — |
| DIS | DISNEY WALT CO | $167.4M | 1,737,025 | 0.26% | — |
| FERG | FERGUSON ENTERPRISES INC | $164.8M | 706,340 | 0.25% | — |
| SWK | STANLEY BLACK & DECKER INC | $163.5M | 2,300,421 | 0.25% | — |
| MS | MORGAN STANLEY | $160.1M | 972,734 | 0.25% | — |
| BA | BOEING CO | $159.1M | 799,391 | 0.25% | — |
| MCD | MCDONALDS CORP | $157.9M | 508,002 | 0.24% | — |
| SCHW | SCHWAB CHARLES CORP | $156.6M | 1,666,339 | 0.24% | — |
| EQIX | EQUINIX INC | $154.9M | 158,068 | 0.24% | — |
| TXN | TEXAS INSTRS INC | $154.0M | 793,044 | 0.24% | — |
| AR | ANTERO RESOURCES CORP | $153.6M | 3,618,110 | 0.24% | — |
| DOV | DOVER CORP | $150.4M | 721,646 | 0.23% | — |
| SRE | SEMPRA | $150.2M | 1,546,170 | 0.23% | — |
| MSI | MOTOROLA SOLUTIONS INC | $148.6M | 342,320 | 0.23% | — |
| INSM | INSMED INC | $147.2M | 900,000 | 0.23% | — |
| TJX | TJX COS INC NEW | $146.3M | 915,848 | 0.23% | — |
| UNM | UNUM GROUP | $146.1M | 2,000,000 | 0.23% | — |
| BKH | BLACK HILLS CORP | $143.7M | 2,069,827 | 0.22% | — |
| PSX | PHILLIPS 66 | $142.3M | 781,001 | 0.22% | — |
| KLAC | KLA CORP | $139.8M | 94,954 | 0.22% | — |
| UBER | UBER TECHNOLOGIES INC | $138.2M | 1,921,700 | 0.21% | — |
| PEP | PEPSICO INC | $136.6M | 879,461 | 0.21% | — |
| PANW | PALO ALTO NETWORKS INC | $134.5M | 838,900 | 0.21% | — |
| PH | PARKER-HANNIFIN CORP | $130.8M | 146,068 | 0.20% | — |
| SWX | SOUTHWEST GAS HLDGS INC | $128.2M | 1,475,000 | 0.20% | — |
| GILD | GILEAD SCIENCES INC | $127.7M | 916,513 | 0.20% | — |
| XEL | XCEL ENERGY INC | $125.0M | 1,573,942 | 0.19% | — |
| AXSM | AXSOME THERAPEUTICS INC. | $124.7M | 737,578 | 0.19% | — |
| WELL | WELLTOWER INC | $123.6M | 625,106 | 0.19% | — |
| ROYAL CARIBBEAN GROUP | ROYAL CARIBBEAN GROUP | $123.4M | 448,400 | 0.19% | — |
| QCOM | QUALCOMM INC | $123.1M | 955,821 | 0.19% | — |
| LBRDK | LIBERTY BROADBAND CORP | $122.4M | 2,433,667 | 0.19% | — |
| CVE | CENOVUS ENERGY INC | $121.5M | 4,578,262 | 0.19% | — |
| AMGN | AMGEN INC | $120.5M | 342,500 | 0.19% | — |
| TAK | TAKEDA PHARMACEUTICAL CO LTD | $119.0M | 6,424,984 | 0.18% | — |
| SLAB | SILICON LABORATORIES INC | $117.9M | 566,337 | 0.18% | — |
| SPGI | S&P GLOBAL INC | $116.6M | 274,120 | 0.18% | — |
| ETN | EATON CORP PLC | $115.5M | 322,898 | 0.18% | — |
| DASH | DOORDASH INC | $114.8M | 764,900 | 0.18% | — |
| CVS | CVS HEALTH CORP | $114.7M | 1,596,630 | 0.18% | — |
| SO | SOUTHERN CO | $114.6M | 1,186,900 | 0.18% | — |
| ANET | ARISTA NETWORKS INC | $113.6M | 925,100 | 0.18% | — |
| ETR | ENTERGY CORP NEW | $113.3M | 1,008,204 | 0.17% | — |
| BKNG | BOOKING HOLDINGS INC | $113.3M | 26,900 | 0.17% | — |
| VRTX | VERTEX PHARMACEUTICALS INC | $112.5M | 251,990 | 0.17% | — |
| SDRL | SEADRILL LTD | $112.1M | 2,463,436 | 0.17% | — |
| 430 | TERNS PHARMACEUTICALS INC | $112.0M | 2,124,817 | 0.17% | — |
| LMT | LOCKHEED MARTIN CORP | $111.4M | 184,393 | 0.17% | — |
| VTR | VENTAS INC | $110.0M | 1,345,500 | 0.17% | — |
| SR | SPIRE INC | $108.8M | 1,201,440 | 0.17% | — |
| BLK | BLACKROCK INC | $106.7M | 110,964 | 0.16% | — |
| HUBB | HUBBELL INC | $106.3M | 216,567 | 0.16% | — |
| MDLZ | MONDELEZ INTL INC | $105.7M | 1,833,297 | 0.16% | — |
| SHW | SHERWIN WILLIAMS CO | $105.3M | 328,506 | 0.16% | — |
| DXCM | DEXCOM INC | $104.7M | 1,666,408 | 0.16% | — |
| ACN | ACCENTURE PLC IRELAND | $104.3M | 526,222 | 0.16% | — |
| ADI | ANALOG DEVICES INC | $104.3M | 327,737 | 0.16% | — |
| INTU | INTUIT | $103.5M | 239,300 | 0.16% | — |
| VOYA | VOYA FINANCIAL INC | $102.5M | 1,500,000 | 0.16% | — |
| C | CITIGROUP INC | $101.6M | 895,486 | 0.16% | — |
| PGR | PROGRESSIVE CORP | $101.1M | 510,085 | 0.16% | — |
| COR | CENCORA INC | $100.2M | 318,962 | 0.15% | — |
| TT | TRANE TECHNOLOGIES PLC | $100.1M | 240,235 | 0.15% | — |
| MO | ALTRIA GROUP INC | $99.2M | 1,503,832 | 0.15% | — |
| AXP | AMERICAN EXPRESS CO | $98.7M | 326,288 | 0.15% | — |
| TRV | TRAVELERS COMPANIES INC | $97.8M | 335,304 | 0.15% | — |
| GPOR | GULFPORT ENERGY CORP | $97.3M | 460,059 | 0.15% | — |
| MDGL | MADRIGAL PHARMACEUTICALS INC | $97.0M | 185,331 | 0.15% | — |
| APP | APPLOVIN CORP | $96.6M | 242,800 | 0.15% | — |
| AEP | AMERICAN ELEC PWR CO INC | $95.6M | 729,506 | 0.15% | — |
| AWI | ARMSTRONG WORLD INDS INC NEW | $94.8M | 575,000 | 0.15% | — |
| IDYA | IDEAYA BIOSCIENCES INC | $94.1M | 2,823,500 | 0.15% | — |
| FBIN | FORTUNE BRANDS INNOVATIONS I | $93.8M | 2,407,536 | 0.14% | — |
| ULTA | ULTA BEAUTY INC | $92.4M | 176,752 | 0.14% | — |
| HONGBP | HONEYWELL INTL INC | $92.3M | 408,451 | 0.14% | — |
| CI | THE CIGNA GROUP | $92.2M | 345,671 | 0.14% | — |
| NOW | SERVICENOW INC | $91.7M | 877,100 | 0.14% | — |
| DE | DEERE & CO | $91.6M | 162,564 | 0.14% | — |
| NEM | NEWMONT CORP | $90.7M | 837,600 | 0.14% | — |
This table is the 150 largest positions by value, out of 954 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.
This manager also disclosed 2 options positions with a combined notional of $48.2M. Notional is not ownership, so it is excluded from the book value above rather than folded in to make the fund look bigger.
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 ADAGE CAPITAL PARTNERS GP, L.L.C. (CIK 1165408, accession 0001172661-26-002029). Every other 13F site is reading the same file.
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
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