13F holdings
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. portfolio
Managed by . 726 reported positions worth $14.3B as of 2026-03-31, filed with the SEC on 2026-05-14. Parsed from the filing itself, not a reseller.
$14.3B
Book value
726
Positions
45%
Top 10 weight
+41
New this quarter
-39
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 44 days old on 2026-05-14, 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 (41)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| PSNY | POLESTAR AUTOMOTIVE HLDG UK | $134.6M | 7,755,946 | 0.94% |
| CIEN | CIENA CORP | $10.4M | 27,164 | 0.07% |
| POH3 | CARNIVAL PLC | $9.8M | 381,380 | 0.07% |
| GDX | VANECK VECTORS GOLD MINERS ETF | $9.6M | 107,540 | 0.07% |
| BP | BP PLC | $9.2M | 196,553 | 0.06% |
| TBBB | BBB FOODS INC | $9.0M | 254,945 | 0.06% |
| QTEC | FIRST TR NASDAQ 100 TECH IND | $5.9M | 28,000 | 0.04% |
| IGF | ISHARES GLOBAL INFRASTRUCTURE ETF | $5.2M | 77,781 | 0.04% |
| AVAV | AEROVIRONMENT INC | $4.5M | 25,516 | 0.03% |
| ARM | ARM HOLDINGS PLC | $4.0M | 27,708 | 0.03% |
| ALAB | ASTERA LABS INC | $4.0M | 38,449 | 0.03% |
| SUNB | SUNBELT RENTALS HOLDINGS INC | $3.9M | 57,084 | 0.03% |
| VRT | VERTIV HOLDINGS CO | $3.5M | 14,075 | 0.02% |
| IHF | ISHARES TR | $3.4M | 81,774 | 0.02% |
| COHR | COHERENT CORP | $2.1M | 9,253 | 0.01% |
| ROKU | ROKU INC | $1.9M | 20,191 | 0.01% |
| LITE | LUMENTUM HLDGS INC | $1.7M | 2,456 | 0.01% |
| DQ | DAQO NEW ENERGY CORP | $1.3M | 62,000 | 0.01% |
| PAAS | PAN AMERN SILVER CORP | $1.2M | 22,963 | 0.01% |
| RDDT | REDDIT INC | $1.2M | 9,611 | 0.01% |
| THD | ISHARES INC | $1.1M | 16,078 | 0.01% |
| MFC | MANULIFE FINL CORP | $1.1M | 31,164 | 0.01% |
| TECK | TECK RESOURCES LTD | $1.0M | 19,978 | 0.01% |
| BN | BROOKFIELD CORP | $849,870 | 21,000 | 0.01% |
| CZR | CAESARS ENTERTAINMENT INC NE | $797,961 | 30,490 | 0.01% |
Closed out (39)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| POLESTAR AUTOMOTIVE HLDG | POLESTAR AUTOMOTIVE HLDG UK | $160.2M | 7,755,946 | 0.00% |
| GMED | GLOBUS MED INC | $10.3M | 117,585 | 0.00% |
| ALNY | ALNYLAM PHARMACEUTICALS INC | $8.7M | 21,926 | 0.00% |
| CQQQ | INVESCO CHINA TECHNOLOGY ETF | $5.6M | 107,292 | 0.00% |
| EMXC | ISHARES INC | $5.5M | 75,850 | 0.00% |
| LW | LAMB WESTON HLDGS INC | $1.8M | 43,484 | 0.00% |
| KD | KYNDRYL HLDGS INC | $897,671 | 33,707 | 0.00% |
| CELH | CELSIUS HLDGS INC | $767,275 | 16,678 | 0.00% |
| BUD | ANHEUSER BUSCH INBEV SA/NV | $646,250 | 10,074 | 0.00% |
| XRT | SPDR S&P RETAIL ETF | $498,200 | 5,824 | 0.00% |
| IHAK | ISHARES CYBERSECURITY AND TECH ETF | $485,562 | 10,000 | 0.00% |
| PTON | PELOTON INTERACTIVE INC | $421,825 | 67,692 | 0.00% |
| IYW | ISHARES US TECHNOLOGY ETF | $403,075 | 2,000 | 0.00% |
| DAY | DAYFORCE INC | $340,544 | 4,924 | 0.00% |
| TTEN | TOTALENERGIES SE | $260,044 | 4,001 | 0.00% |
| THO | THOR INDS INC | $258,500 | 2,503 | 0.00% |
| SGI | SOMNIGROUP INTERNATIONAL INC | $258,500 | 2,876 | 0.00% |
| IXJ | ISHARES TR | $255,535 | 2,613 | 0.00% |
| EWA | ISHARES INC | $253,835 | 9,666 | 0.00% |
| MOH | MOLINA HEALTHCARE INC | $253,542 | 1,461 | 0.00% |
| MAT | MATTEL INC | $226,775 | 11,374 | 0.00% |
| BRKR | BRUKER CORP | $224,425 | 4,746 | 0.00% |
| GMAB | GENMAB A/S | $222,926 | 7,180 | 0.00% |
| TFX | TELEFLEX INCORPORATED | $222,075 | 1,828 | 0.00% |
| ESGE | ISHARES INC ISHARES ESG AWARE MSCI | $221,420 | 5,000 | 0.00% |
Added to (227)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| SPY | SPDR S&P 500 ETF TRUST | $2.7B | 4,269,557 | 19.16% | +34% |
| NVDA | NVIDIA CORPORATION | $837.1M | 4,842,216 | 5.86% | +7% |
| MSFT | MICROSOFT CORP | $523.3M | 1,417,836 | 3.66% | +19% |
| BIL | SPDR BLOOMBERG BARCLAYS 1-3 MONTH | $325.1M | 3,564,358 | 2.28% | +30% |
| AMZN | AMAZON COM INC | $324.9M | 1,567,542 | 2.27% | +18% |
| AVGO | BROADCOM INC | $315.4M | 1,020,928 | 2.21% | +17% |
| META | META PLATFORMS INC | $310.9M | 548,272 | 2.18% | +15% |
| GLD | SPDR GOLD SHARES | $198.6M | 469,933 | 1.39% | +16% |
| IVV | ISHARES CORE S&P 500 ETF | $188.4M | 290,998 | 1.32% | +23% |
| VCSH | VANGUARD SHORT-TERM CORPORATE BOND | $173.2M | 2,195,726 | 1.21% | +11% |
| SHV | ISHARES SHORT TREASURY BOND ETF | $157.4M | 1,432,889 | 1.10% | +8% |
| NFLX | NETFLIX INC | $132.1M | 1,381,520 | 0.92% | +27% |
| PLTR | PALANTIR TECHNOLOGIES INC | $108.9M | 749,328 | 0.76% | +28% |
| V | VISA INC | $108.1M | 358,526 | 0.76% | +23% |
| MU | MICRON TECHNOLOGY INC | $105.4M | 315,209 | 0.74% | +70% |
Trimmed (360)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| NBIX | NEUROCRINE BIOSCIENCES INC | $203,919 | 1,540 | 0.00% | -99% |
| CCI | CROWN CASTLE INC | $1.0M | 12,755 | 0.01% | -95% |
| VALE | VALE S A | $197,230 | 12,468 | 0.00% | -94% |
| KVUE | KENVUE INC | $944,338 | 54,776 | 0.01% | -94% |
| XLK | TECHNOLOGY SELECT SECTOR SPDR FUND | $6.2M | 47,059 | 0.04% | -93% |
| LEN | LENNAR CORP | $778,129 | 8,976 | 0.01% | -93% |
| XLC | COMMUNICATION SERVICES SELECT SECT | $5.9M | 53,790 | 0.04% | -92% |
| VTIP | VANGUARD MALVERN FDS | $2.2M | 43,311 | 0.02% | -92% |
| TEAM | ATLASSIAN CORPORATION | $327,691 | 4,814 | 0.00% | -88% |
| IRM | IRON MTN INC DEL | $958,475 | 9,386 | 0.01% | -87% |
| PSA | PUBLIC STORAGE OPER CO | $1.4M | 5,023 | 0.01% | -87% |
| EXR | EXTRA SPACE STORAGE INC | $886,506 | 6,763 | 0.01% | -87% |
| EWP | ISHARES MSCI SPAIN ETF | $13.2M | 243,942 | 0.09% | -87% |
| DVN | DEVON ENERGY CORP NEW | $1.5M | 29,865 | 0.01% | -85% |
| SPG | SIMON PPTY GROUP INC NEW | $1.8M | 9,665 | 0.01% | -84% |
The book
Largest 150 of 726 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| SPY | SPDR S&P 500 ETF TRUST | $2.7B | 4,269,557 | 19.16% | — |
| NVDA | NVIDIA CORPORATION | $837.1M | 4,842,216 | 5.86% | — |
| AAPL | APPLE INC | $528.8M | 2,087,181 | 3.70% | — |
| MSFT | MICROSOFT CORP | $523.3M | 1,417,836 | 3.66% | — |
| GOOGL | ALPHABET INC | $362.8M | 1,266,078 | 2.54% | — |
| BIL | SPDR BLOOMBERG BARCLAYS 1-3 MONTH | $325.1M | 3,564,358 | 2.28% | — |
| AMZN | AMAZON COM INC | $324.9M | 1,567,542 | 2.27% | — |
| AVGO | BROADCOM INC | $315.4M | 1,020,928 | 2.21% | — |
| META | META PLATFORMS INC | $310.9M | 548,272 | 2.18% | — |
| GLD | SPDR GOLD SHARES | $198.6M | 469,933 | 1.39% | — |
| GOOG | ALPHABET INC | $195.4M | 681,427 | 1.37% | — |
| IVV | ISHARES CORE S&P 500 ETF | $188.4M | 290,998 | 1.32% | — |
| VCSH | VANGUARD SHORT-TERM CORPORATE BOND | $173.2M | 2,195,726 | 1.21% | — |
| SHV | ISHARES SHORT TREASURY BOND ETF | $157.4M | 1,432,889 | 1.10% | — |
| PSNY | POLESTAR AUTOMOTIVE HLDG UK | $134.6M | 7,755,946 | 0.94% | — |
| NFLX | NETFLIX INC | $132.1M | 1,381,520 | 0.92% | — |
| PLTR | PALANTIR TECHNOLOGIES INC | $108.9M | 749,328 | 0.76% | — |
| V | VISA INC | $108.1M | 358,526 | 0.76% | — |
| MU | MICRON TECHNOLOGY INC | $105.4M | 315,209 | 0.74% | — |
| SLV | ISHARES SILVER TRUST | $97.5M | 1,467,559 | 0.68% | — |
| ACWI | ISHARES MSCI ACWI ETF | $93.2M | 679,655 | 0.65% | — |
| SIVR | ABRDN SILVER ETF TRUST | $92.3M | 1,321,475 | 0.65% | — |
| LLY | ELI LILLY & CO | $91.7M | 100,075 | 0.64% | — |
| EWZ | ISHARES MSCI BRAZIL ETF | $89.0M | 2,347,600 | 0.62% | — |
| WMT | WALMART INC | $84.4M | 680,114 | 0.59% | — |
| MA | MASTERCARD INCORPORATED | $81.8M | 164,232 | 0.57% | — |
| LRCX | LAM RESEARCH CORP | $81.0M | 379,762 | 0.57% | — |
| JPM | JPMORGAN CHASE & CO. | $76.8M | 261,154 | 0.54% | — |
| ABBV | ABBVIE INC | $73.1M | 336,329 | 0.51% | — |
| DIS | DISNEY WALT CO | $72.5M | 754,635 | 0.51% | — |
| KLAC | KLA CORP | $71.7M | 48,817 | 0.50% | — |
| CSCO | CISCO SYS INC | $69.2M | 892,704 | 0.48% | — |
| COIN | COINBASE GLOBAL INC | $66.3M | 388,812 | 0.46% | — |
| AMAT | APPLIED MATLS INC | $66.1M | 193,993 | 0.46% | — |
| AMD | ADVANCED MICRO DEVICES INC | $62.9M | 309,869 | 0.44% | — |
| IEI | ISHARES 3-7 YEAR TREASURY BOND ETF | $62.5M | 529,872 | 0.44% | — |
| WFC | WELLS FARGO CO NEW | $61.3M | 771,091 | 0.43% | — |
| IBM | INTERNATIONAL BUSINESS MACHS | $60.6M | 250,184 | 0.42% | — |
| TSLA | TESLA INC | $57.7M | 156,542 | 0.40% | — |
| GLW | CORNING INC | $57.4M | 423,649 | 0.40% | — |
| GS | GOLDMAN SACHS GROUP INC | $56.4M | 67,035 | 0.39% | — |
| QQQ | INVESCO QQQ TRUST SERIES 1 | $56.2M | 99,001 | 0.39% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $55.4M | 115,823 | 0.39% | — |
| ORCL | ORACLE CORP | $54.7M | 374,824 | 0.38% | — |
| BABA | ALIBABA GROUP HLDG LTD | $51.9M | 418,303 | 0.36% | — |
| GILD | GILEAD SCIENCES INC | $51.3M | 368,566 | 0.36% | — |
| MELI | MERCADOLIBRE INC | $50.9M | 30,008 | 0.36% | — |
| ADI | ANALOG DEVICES INC | $49.7M | 156,400 | 0.35% | — |
| MRK | MERCK & CO INC | $49.0M | 407,269 | 0.34% | — |
| INTC | INTEL CORP | $48.2M | 1,109,125 | 0.34% | — |
| BAC | BANK AMERICA CORP | $46.9M | 966,251 | 0.33% | — |
| NVO | NOVO-NORDISK A S | $45.1M | 1,259,409 | 0.32% | — |
| ANET | ARISTA NETWORKS INC | $44.1M | 359,430 | 0.31% | — |
| C | CITIGROUP INC | $43.7M | 387,092 | 0.31% | — |
| BKNG | BOOKING HOLDINGS INC | $40.3M | 9,591 | 0.28% | — |
| NEE | NEXTERA ENERGY INC | $39.2M | 423,542 | 0.27% | — |
| T | AT&T INC | $39.2M | 1,351,420 | 0.27% | — |
| SOXX | ISHARES PHLX SEMICONDUCTOR ETF | $38.6M | 121,364 | 0.27% | — |
| INTU | INTUIT INC | $37.8M | 87,643 | 0.26% | — |
| CRM | SALESFORCE INC | $35.9M | 193,067 | 0.25% | — |
| TJX | TJX COS INC NEW | $35.5M | 222,695 | 0.25% | — |
| QCOM | QUALCOMM INC | $35.1M | 272,699 | 0.25% | — |
| VZ | VERIZON COMMUNICATIONS INC | $35.1M | 699,340 | 0.25% | — |
| AGG | ISHARES CORE U.S. AGGREGATE BOND E | $35.1M | 355,184 | 0.25% | — |
| COST | COSTCO WHSL CORP NEW | $34.8M | 35,006 | 0.24% | — |
| BBUS | J P MORGAN EXCHANGE TRADED F | $34.0M | 292,172 | 0.24% | — |
| AMGN | AMGEN INC | $33.5M | 95,216 | 0.23% | — |
| VT | VANGUARD INTL EQUITY INDEX F | $33.5M | 242,000 | 0.23% | — |
| CEG | CONSTELLATION ENERGY CORP | $33.4M | 120,799 | 0.23% | — |
| PFE | PFIZER INC | $33.0M | 1,177,115 | 0.23% | — |
| BMY | BRISTOL-MYERS SQUIBB CO | $32.9M | 543,291 | 0.23% | — |
| VCEB | VANGUARD WORLD FD | $32.5M | 519,584 | 0.23% | — |
| SCHW | SCHWAB CHARLES CORP | $32.2M | 343,069 | 0.23% | — |
| APP | APPLOVIN CORP | $32.0M | 80,704 | 0.22% | — |
| ADBE | ADOBE INC | $31.2M | 128,601 | 0.22% | — |
| NEM | NEWMONT CORP | $30.9M | 285,740 | 0.22% | — |
| VGK | VANGUARD FTSE EUROPE ETF | $30.8M | 380,827 | 0.22% | — |
| AXP | AMERICAN EXPRESS CO | $30.7M | 102,098 | 0.22% | — |
| SLB | SCHLUMBERGER LTD | $29.6M | 577,466 | 0.21% | — |
| UBER | UBER TECHNOLOGIES INC | $29.2M | 409,665 | 0.20% | — |
| NOW | SERVICENOW INC | $28.8M | 275,788 | 0.20% | — |
| TMO | THERMO FISHER SCIENTIFIC INC | $28.7M | 58,459 | 0.20% | — |
| TXN | TEXAS INSTRS INC | $28.7M | 147,885 | 0.20% | — |
| TLT | ISHARES 20 YEAR TREASURY BOND ETF | $28.5M | 330,442 | 0.20% | — |
| SHY | ISHARES 1-3 YEAR TREASURY BOND ETF | $27.3M | 332,168 | 0.19% | — |
| MS | MORGAN STANLEY | $26.7M | 163,304 | 0.19% | — |
| APH | AMPHENOL CORP NEW | $26.4M | 209,769 | 0.19% | — |
| WBD | WARNER BROS DISCOVERY INC | $26.2M | 954,861 | 0.18% | — |
| EXMOC | EXXON MOBIL CORP | $26.0M | 152,652 | 0.18% | — |
| TGT | TARGET CORP | $25.7M | 213,066 | 0.18% | — |
| EMB | ISHARES JP MORGAN USD EMERGING MAR | $25.6M | 274,505 | 0.18% | — |
| MCD | MCDONALDS CORP | $25.3M | 81,687 | 0.18% | — |
| EWY | ISHARES MSCI SOUTH KOREA ETF | $25.3M | 212,878 | 0.18% | — |
| VLO | VALERO ENERGY CORP | $25.2M | 101,857 | 0.18% | — |
| CRWD | CROWDSTRIKE HLDGS INC | $25.1M | 64,434 | 0.18% | — |
| TTWO | TAKE-TWO INTERACTIVE SOFTWAR | $25.0M | 127,283 | 0.18% | — |
| WDC | WESTERN DIGITAL CORP | $23.8M | 88,462 | 0.17% | — |
| BKR | BAKER HUGHES COMPANY | $23.6M | 387,921 | 0.17% | — |
| MCK | MCKESSON CORP | $23.6M | 27,245 | 0.16% | — |
| FCX | FREEPORT-MCMORAN INC | $23.5M | 404,193 | 0.16% | — |
| BNY | BANK NEW YORK MELLON CORP | $23.4M | 197,024 | 0.16% | — |
| DHR | DANAHER CORPORATION | $23.3M | 123,191 | 0.16% | — |
| LOW | LOWES COS INC | $23.2M | 98,540 | 0.16% | — |
| SNPS | SYNOPSYS INC | $23.0M | 58,130 | 0.16% | — |
| ISRG | INTUITIVE SURGICAL INC | $22.8M | 49,562 | 0.16% | — |
| MCHI | ISHARES MSCI CHINA ETF | $22.7M | 405,567 | 0.16% | — |
| UNH | UNITEDHEALTH GROUP INC | $22.6M | 83,853 | 0.16% | — |
| KEYS | KEYSIGHT TECHNOLOGIES INC | $22.3M | 79,249 | 0.16% | — |
| USB | US BANCORP DEL | $22.3M | 429,604 | 0.16% | — |
| GM | GENERAL MTRS CO | $22.2M | 300,157 | 0.16% | — |
| MPC | MARATHON PETE CORP | $22.1M | 90,417 | 0.15% | — |
| PANW | PALO ALTO NETWORKS INC | $22.0M | 138,048 | 0.15% | — |
| AZO | AUTOZONE INC | $21.9M | 6,489 | 0.15% | — |
| CMCSA | COMCAST CORP NEW | $21.6M | 752,372 | 0.15% | — |
| EA* | ELECTRONIC ARTS INC | $21.6M | 105,914 | 0.15% | — |
| HOOD | ROBINHOOD MKTS INC | $21.5M | 321,003 | 0.15% | — |
| PYPL | PAYPAL HLDGS INC | $20.9M | 464,367 | 0.15% | — |
| IWM | ISHARES RUSSELL 2000 ETF | $20.7M | 85,088 | 0.15% | — |
| CVS | CVS HEALTH CORP | $20.6M | 286,968 | 0.14% | — |
| EBAY | EBAY INC. | $20.0M | 219,711 | 0.14% | — |
| RIO | RIO TINTO PLC | $19.8M | 212,538 | 0.14% | — |
| HCA | HCA HEALTHCARE INC | $19.7M | 41,701 | 0.14% | — |
| GSK | GSK PLC | $19.4M | 350,902 | 0.14% | — |
| FTNT | FORTINET INC | $19.1M | 234,032 | 0.13% | — |
| CVX | CHEVRON CORP NEW | $18.9M | 91,489 | 0.13% | — |
| MRVL | MARVELL TECHNOLOGY INC | $18.7M | 196,819 | 0.13% | — |
| SMH | VANECK ETF TRUST | $18.7M | 50,403 | 0.13% | — |
| UPS | UNITED PARCEL SERVICE INC | $18.6M | 189,756 | 0.13% | — |
| ADSK | AUTODESK INC | $18.3M | 76,714 | 0.13% | — |
| FDX | FEDEX CORP | $18.3M | 51,360 | 0.13% | — |
| VRTX | VERTEX PHARMACEUTICALS INC | $18.1M | 40,778 | 0.13% | — |
| CTVA | CORTEVA INC | $17.6M | 209,898 | 0.12% | — |
| JNJ | JOHNSON & JOHNSON | $17.6M | 71,816 | 0.12% | — |
| COF | CAPITAL ONE FINL CORP | $17.0M | 93,227 | 0.12% | — |
| KR | KROGER CO | $16.9M | 233,734 | 0.12% | — |
| CL | COLGATE PALMOLIVE CO | $16.9M | 198,597 | 0.12% | — |
| TRV | TRAVELERS COMPANIES INC | $16.8M | 57,515 | 0.12% | — |
| DAL | DELTA AIR LINES INC DEL | $16.7M | 253,551 | 0.12% | — |
| KMI | KINDER MORGAN INC DEL | $16.2M | 482,802 | 0.11% | — |
| SHOP | SHOPIFY INC | $15.9M | 135,392 | 0.11% | — |
| MPWR | MONOLITHIC PWR SYS INC | $15.8M | 14,525 | 0.11% | — |
| CAH | CARDINAL HEALTH INC | $15.8M | 75,002 | 0.11% | — |
| LQD | ISHARES IBOXX $ INVESTMENT GRADE C | $15.8M | 145,445 | 0.11% | — |
| HIG | HARTFORD INSURANCE GROUP INC | $15.7M | 116,274 | 0.11% | — |
| TFC | TRUIST FINL CORP | $15.5M | 338,234 | 0.11% | — |
| PG | PROCTER AND GAMBLE CO | $15.4M | 106,964 | 0.11% | — |
| ALL | ALLSTATE CORP | $15.0M | 72,393 | 0.11% | — |
| CAT | CATERPILLAR INC | $15.0M | 21,226 | 0.10% | — |
| SYK | STRYKER CORPORATION | $14.7M | 44,782 | 0.10% | — |
| CDNS | CADENCE DESIGN SYSTEM INC | $14.4M | 51,825 | 0.10% | — |
This table is the 150 largest positions by value, out of 726 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 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (CIK 842180, accession 0001193125-26-222858). 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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