13F holdings
BARROW HANLEY MEWHINNEY & STRAUSS LLC portfolio
Managed by . 377 reported positions worth $30.5B as of 2026-03-31, filed with the SEC on 2026-05-13. Parsed from the filing itself, not a reseller.
$30.5B
Book value
377
Positions
25%
Top 10 weight
+56
New this quarter
-46
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 (56)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| PGR | PROGRESSIVE CORP | $264.5M | 1,334,140 | 0.87% |
| URTH | ISHARES INC | $210.0M | 1,166,433 | 0.69% |
| UBER | UBER TECHNOLOGIES INC | $148.5M | 2,064,212 | 0.49% |
| SFM | SPROUTS FMRS MKT INC | $128.5M | 1,666,138 | 0.42% |
| DLR | DIGITAL RLTY TR INC | $125.3M | 695,077 | 0.41% |
| AMCR | AMCOR PLC | $112.6M | 2,831,570 | 0.37% |
| SCHW | SCHWAB CHARLES CORP | $101.1M | 1,075,389 | 0.33% |
| CNH | CNH INDL N V | $90.0M | 8,182,121 | 0.29% |
| OII | OCEANEERING INTL INC | $50.4M | 1,420,954 | 0.17% |
| AMSC | AMERICAN SUPERCONDUCTOR CORP | $38.6M | 1,139,793 | 0.13% |
| PDFS | PDF SOLUTIONS INC | $37.3M | 1,140,547 | 0.12% |
| AWK | AMERICAN WTR WKS CO INC NEW | $36.8M | 270,335 | 0.12% |
| TRNS | TRANSCAT INC | $24.1M | 327,442 | 0.08% |
| HTO | H2O AMERICA | $24.0M | 409,650 | 0.08% |
| SYY | SYSCO CORP | $17.1M | 239,173 | 0.06% |
| CLX | CLOROX CO DEL | $11.5M | 110,863 | 0.04% |
| SN | SHARKNINJA INC | $8.4M | 79,319 | 0.03% |
| QXO | QXO INC | $21,284 | 1,096 | 0.00% |
| TGT | TARGET CORP | $20,240 | 167 | 0.00% |
| VECO | VEECO INSTRS INC DEL | $8,160 | 241 | 0.00% |
| ATEN | A10 NETWORKS INC | $8,069 | 349 | 0.00% |
| BHE | BENCHMARK ELECTRS INC | $7,512 | 134 | 0.00% |
| EXPO | EXPONENT INC | $5,351 | 82 | 0.00% |
| ACLS | AXCELIS TECHNOLOGIES INC | $5,306 | 57 | 0.00% |
| FORM | FORMFACTOR INC | $4,559 | 47 | 0.00% |
Closed out (46)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| AIG | American International Group I | $640.1M | 7,482,558 | 0.00% |
| CTSH | Cognizant Technology Solutions | $224.8M | 2,708,542 | 0.00% |
| AMCR | Amcor PLC | $103.7M | 12,435,659 | 0.00% |
| TSEM | Tower Semiconductor Ltd | $99.4M | 846,953 | 0.00% |
| INDA | iShares MSCI India ETF | $59.4M | 1,098,714 | 0.00% |
| PRKS | United Parks & Resorts Inc | $54.0M | 1,486,928 | 0.00% |
| HAE | Haemonetics Corp | $41.9M | 523,113 | 0.00% |
| STKL | SunOpta Inc | $16.2M | 4,274,152 | 0.00% |
| TAP | Molson Coors Beverage Co | $13.9M | 298,302 | 0.00% |
| MICC | Magnum Ice Cream Co NV/The | $12.9M | 811,211 | 0.00% |
| AXS | Axis Capital Holdings Ltd | $3.5M | 32,871 | 0.00% |
| EWY | iShares MSCI South Korea ETF | $26,055 | 268 | 0.00% |
| DOX | Amdocs Ltd | $12,318 | 153 | 0.00% |
| THS | TreeHouse Foods Inc | $11,465 | 486 | 0.00% |
| MED | Medifast Inc | $10,349 | 969 | 0.00% |
| GT | Goodyear Tire & Rubber Co/The | $10,197 | 1,164 | 0.00% |
| ALITEUR | Alight Inc | $9,329 | 4,784 | 0.00% |
| MATX | Matson Inc | $8,772 | 71 | 0.00% |
| PCH | PotlatchDeltic Corp | $7,837 | 197 | 0.00% |
| JXN | Jackson Financial Inc | $6,079 | 57 | 0.00% |
| NICE | Nice Ltd- ADR | $5,652 | 50 | 0.00% |
| DBI | Designer Brands Inc | $4,458 | 600 | 0.00% |
| CRC | California Resources Corp | $4,337 | 97 | 0.00% |
| SMPL | Simply Good Foods Co/The | $4,277 | 213 | 0.00% |
| KOS | Kosmos Energy Ltd | $3,989 | 4,396 | 0.00% |
Added to (109)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| MRK | MERCK & CO INC | $952.4M | 7,917,866 | 3.12% | +2% |
| CVX | CHEVRON CORPORATION | $874.8M | 4,228,105 | 2.87% | +5% |
| GEHC | GE HEALTHCARE TECHNOLOGIES I | $845.9M | 11,884,588 | 2.77% | +83% |
| CCL1EUR | CARNIVAL CORP | $766.9M | 29,632,847 | 2.51% | +2% |
| PR | PERMIAN RESOURCES CORP | $737.1M | 34,573,010 | 2.42% | +12% |
| PNW | PINNACLE WEST CAP CORP | $705.3M | 7,000,617 | 2.31% | +5% |
| MCHP | MICROCHIP TECHNOLOGY INC. | $682.3M | 10,560,144 | 2.24% | +4% |
| HPE | HEWLETT PACKARD ENTERPRISE C | $674.6M | 28,333,485 | 2.21% | +57% |
| APD | AIR PRODUCTS AND CHEMICALS I | $636.8M | 2,192,291 | 2.09% | +3% |
| FCX | FREEPORT MCMORAN INC | $577.8M | 9,829,134 | 1.89% | +169% |
| KDP | KEURIG DR PEPPER INC | $575.9M | 21,871,212 | 1.89% | +3% |
| PSA | PUBLIC STORAGE OPER CO | $510.0M | 1,882,785 | 1.67% | +5% |
| PCG | PG&E CORP | $508.6M | 28,949,408 | 1.67% | +8% |
| FTV | FORTIVE CORP | $507.6M | 9,181,833 | 1.66% | +11% |
| AXTA | AXALTA COATING SYS LTD | $505.8M | 18,261,518 | 1.66% | +5% |
Trimmed (97)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| GEO | GEO GROUP INC | $1,799 | 107 | 0.00% | -100% |
| ECG | EVERUS CONSTR GROUP | $12,869 | 109 | 0.00% | -100% |
| PLAB | PHOTRONICS INC | $5,375 | 133 | 0.00% | -100% |
| HLIO | HELIOS TECHNOLOGIES INC | $1.3M | 19,800 | 0.00% | -98% |
| CIB | GRUPO CIBEST SA | $3.9M | 53,685 | 0.01% | -93% |
| AEO | AMERICAN EAGLE OUTFITTERS IN | $1,052 | 63 | 0.00% | -90% |
| KHC | KRAFT HEINZ CO | $1.4M | 63,357 | 0.00% | -86% |
| NATL | NCR ATLEOS CORPORATION | $2,528 | 58 | 0.00% | -84% |
| SKY | CHAMPION HOMES INC | $1,785 | 24 | 0.00% | -72% |
| WTW | WILLIS TOWERS WATSON PLC LTD | $62.8M | 216,026 | 0.21% | -71% |
| SHOO | MADDEN STEVEN LTD | $1,323 | 39 | 0.00% | -70% |
| CMC | COMMERCIAL METALS CO | $5,222 | 85 | 0.00% | -70% |
| TMHC* | TAYLOR MORRISON HOME CORP | $5,591 | 96 | 0.00% | -66% |
| SLM | SLM CORP | $112.0M | 5,230,959 | 0.37% | -64% |
| WAL | WESTERN ALLIANCE BANCORP | $167.4M | 2,362,939 | 0.55% | -63% |
The book
Largest 150 of 377 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| MRK | MERCK & CO INC | $952.4M | 7,917,866 | 3.12% | — |
| CVX | CHEVRON CORPORATION | $874.8M | 4,228,105 | 2.87% | — |
| GEHC | GE HEALTHCARE TECHNOLOGIES I | $845.9M | 11,884,588 | 2.77% | — |
| CCL1EUR | CARNIVAL CORP | $766.9M | 29,632,847 | 2.51% | — |
| ETR | ENTERGY CORP NEW | $750.8M | 6,681,876 | 2.46% | — |
| PR | PERMIAN RESOURCES CORP | $737.1M | 34,573,010 | 2.42% | — |
| PNW | PINNACLE WEST CAP CORP | $705.3M | 7,000,617 | 2.31% | — |
| EXMOC | EXXON MOBIL CORP | $687.6M | 4,052,608 | 2.25% | — |
| MCHP | MICROCHIP TECHNOLOGY INC. | $682.3M | 10,560,144 | 2.24% | — |
| HPE | HEWLETT PACKARD ENTERPRISE C | $674.6M | 28,333,485 | 2.21% | — |
| ENTG | ENTEGRIS INC | $641.7M | 5,473,446 | 2.10% | — |
| APD | AIR PRODUCTS AND CHEMICALS I | $636.8M | 2,192,291 | 2.09% | — |
| FCX | FREEPORT MCMORAN INC | $577.8M | 9,829,134 | 1.89% | — |
| KDP | KEURIG DR PEPPER INC | $575.9M | 21,871,212 | 1.89% | — |
| BAC | BANK AMERICA CORP | $547.4M | 11,229,035 | 1.79% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $513.5M | 1,071,594 | 1.68% | — |
| PSA | PUBLIC STORAGE OPER CO | $510.0M | 1,882,785 | 1.67% | — |
| PCG | PG&E CORP | $508.6M | 28,949,408 | 1.67% | — |
| FTV | FORTIVE CORP | $507.6M | 9,181,833 | 1.66% | — |
| AXTA | AXALTA COATING SYS LTD | $505.8M | 18,261,518 | 1.66% | — |
| JCI | JOHNSON CONTROLS INTERNATION | $502.8M | 3,839,851 | 1.65% | — |
| QCOM | QUALCOMM INC | $481.2M | 3,736,239 | 1.58% | — |
| PLD | PROLOGIS INC. | $466.8M | 3,531,211 | 1.53% | — |
| XEL | XCEL ENERGY INC | $442.7M | 5,572,658 | 1.45% | — |
| HAL | HALLIBURTON CO | $423.3M | 10,856,543 | 1.39% | — |
| WYNN | WYNN RESORTS LTD | $370.1M | 3,644,717 | 1.21% | — |
| APTV | APTIV PLC | $361.5M | 5,206,523 | 1.18% | — |
| UNH | UNITEDHEALTH GROUP INC | $360.5M | 1,332,292 | 1.18% | — |
| MDT | MEDTRONIC PLC | $352.8M | 4,071,177 | 1.16% | — |
| WFC | WELLS FARGO & CO | $337.2M | 4,235,470 | 1.10% | — |
| EG | EVEREST GROUP LTD | $336.1M | 1,028,240 | 1.10% | — |
| GOOG | ALPHABET INC | $335.7M | 1,170,087 | 1.10% | — |
| PB | PROSPERITY BANCSHARES INC | $331.7M | 4,937,028 | 1.09% | — |
| LPLA | LPL FINL HLDGS INC | $328.9M | 1,093,406 | 1.08% | — |
| AXP | AMERICAN EXPRESS CO | $326.1M | 1,078,158 | 1.07% | — |
| COHR | COHERENT CORP | $301.9M | 1,267,469 | 0.99% | — |
| GOOGL | ALPHABET INC | $291.0M | 1,011,791 | 0.95% | — |
| VICI | VICI PPTYS INC | $289.6M | 10,598,950 | 0.95% | — |
| MDU | MDU RES GROUP INC | $285.1M | 13,760,167 | 0.93% | — |
| SNY | SANOFI SA | $283.7M | 5,887,466 | 0.93% | — |
| ORCL | ORACLE CORP | $277.1M | 1,883,362 | 0.91% | — |
| AMT | AMERICAN TOWER CORP | $273.6M | 1,585,600 | 0.90% | — |
| FIS | FIDELITY NATL INFORMATION SV | $268.3M | 5,720,440 | 0.88% | — |
| PGR | PROGRESSIVE CORP | $264.5M | 1,334,140 | 0.87% | — |
| NEM | NEWMONT CORP | $252.5M | 2,332,859 | 0.83% | — |
| ACM | AECOM | $242.0M | 2,852,722 | 0.79% | — |
| WMG | WARNER MUSIC GROUP CORP | $236.5M | 9,261,674 | 0.78% | — |
| JBHT | HUNT J B TRANS SVCS INC | $233.3M | 1,100,952 | 0.76% | — |
| VRT | VERTIV HOLDINGS CO | $228.5M | 911,930 | 0.75% | — |
| BNS | BANK NOVA SCOTIA B C | $223.1M | 3,219,293 | 0.73% | — |
| COF | CAPITAL ONE FINL CORP | $211.6M | 1,159,750 | 0.69% | — |
| URTH | ISHARES INC | $210.0M | 1,166,433 | 0.69% | — |
| UL | UNILEVER PLC | $208.5M | 3,659,488 | 0.68% | — |
| JEF | JEFFERIES FINANCIAL GROUP IN | $204.3M | 4,951,027 | 0.67% | — |
| PSX | PHILLIPS 66 | $178.8M | 981,432 | 0.59% | — |
| AVTR | AVANTOR INC | $175.3M | 22,358,399 | 0.57% | — |
| Q | QNITY ELECTRONICS INC | $172.2M | 1,492,241 | 0.56% | — |
| KNF | KNIFE RIVER CORP | $167.4M | 2,050,789 | 0.55% | — |
| WAL | WESTERN ALLIANCE BANCORP | $167.4M | 2,362,939 | 0.55% | — |
| CNP | CENTERPOINT ENERGY INC | $158.7M | 3,677,534 | 0.52% | — |
| LFUS | LITTELFUSE INC | $155.1M | 457,166 | 0.51% | — |
| MAA | MID-AMER APT CMNTYS INC | $152.9M | 1,252,190 | 0.50% | — |
| WCC | WESCO INTL INC | $152.9M | 558,661 | 0.50% | — |
| UBER | UBER TECHNOLOGIES INC | $148.5M | 2,064,212 | 0.49% | — |
| DAR | DARLING INGREDIENTS INC | $148.0M | 2,392,510 | 0.48% | — |
| ST | SENSATA TECHNOLOGIES HLDG PL | $146.2M | 4,149,977 | 0.48% | — |
| CACI | CACI INTL INC | $143.2M | 263,294 | 0.47% | — |
| DWDPEUR | DUPONT DE NEMOURS INC | $131.0M | 2,860,991 | 0.43% | — |
| SFM | SPROUTS FMRS MKT INC | $128.5M | 1,666,138 | 0.42% | — |
| CB | CHUBB LTD SWITZ | $126.7M | 388,812 | 0.42% | — |
| DLR | DIGITAL RLTY TR INC | $125.3M | 695,077 | 0.41% | — |
| SXI | STANDEX INTL CORP | $120.8M | 474,027 | 0.40% | — |
| JD | JD.COM INC | $120.8M | 4,084,179 | 0.40% | — |
| ELV | ELEVANCE HEALTH INC FORMERLY | $119.2M | 407,168 | 0.39% | — |
| CIEN | CIENA CORP | $117.1M | 301,554 | 0.38% | — |
| ATI | ATI INC | $113.8M | 782,466 | 0.37% | — |
| ENB | ENBRIDGE INC | $113.4M | 2,095,152 | 0.37% | — |
| AMCR | AMCOR PLC | $112.6M | 2,831,570 | 0.37% | — |
| LITE | LUMENTUM HLDGS INC | $112.5M | 160,091 | 0.37% | — |
| SLM | SLM CORP | $112.0M | 5,230,959 | 0.37% | — |
| PAGP | PLAINS GP HLDGS L P | $108.7M | 4,478,263 | 0.36% | — |
| SCHW | SCHWAB CHARLES CORP | $101.1M | 1,075,389 | 0.33% | — |
| BLD* | TOPBUILD COR | $98.9M | 281,549 | 0.32% | — |
| GPGI | GPGI INC | $95.8M | 5,601,505 | 0.31% | — |
| HUM | HUMANA INC | $94.3M | 543,863 | 0.31% | — |
| CNH | CNH INDL N V | $90.0M | 8,182,121 | 0.29% | — |
| BWXT | BWX TECHNOLOGIES INC | $87.1M | 426,072 | 0.29% | — |
| CRH | CRH PLC | $86.2M | 819,709 | 0.28% | — |
| ELAN | ELANCO ANIMAL HEALTH INC | $85.7M | 3,582,401 | 0.28% | — |
| LEN | LENNAR CORP | $82.7M | 952,205 | 0.27% | — |
| TCBI | TEXAS CAP BANCSHARES INC | $82.3M | 867,592 | 0.27% | — |
| ICHR | ICHOR HOLDINGS | $81.1M | 1,740,646 | 0.27% | — |
| KEX | KIRBY CORP | $80.5M | 605,986 | 0.26% | — |
| RRX | REGAL REXNORD CORPORATION | $78.3M | 417,972 | 0.26% | — |
| MTRN | MATERION CORP | $76.6M | 529,841 | 0.25% | — |
| KN | KNOWLES CORP | $75.3M | 2,932,561 | 0.25% | — |
| CON | CONCENTRA GROUP HOLDINGS PAR | $68.8M | 3,207,304 | 0.23% | — |
| AIR | AAR CORP | $68.1M | 622,093 | 0.22% | — |
| KALU | KAISER ALUMINIUM CORPORATION | $64.0M | 530,671 | 0.21% | — |
| WTW | WILLIS TOWERS WATSON PLC LTD | $62.8M | 216,026 | 0.21% | — |
| TILE | INTERFACE INC | $54.6M | 2,190,314 | 0.18% | — |
| COHU | COHU INC | $54.5M | 1,779,795 | 0.18% | — |
| LOB | LIVE OAK BANCSHARES INC | $53.6M | 1,621,903 | 0.18% | — |
| OII | OCEANEERING INTL INC | $50.4M | 1,420,954 | 0.17% | — |
| OFG | OFG BANCORP | $49.4M | 1,221,702 | 0.16% | — |
| WSC | WILLSCOT HLDGS CORP | $48.7M | 2,805,762 | 0.16% | — |
| NOVT | NOVANTA INC | $48.6M | 411,514 | 0.16% | — |
| ROCK | GIBRALTAR INDS INC | $46.6M | 1,169,975 | 0.15% | — |
| DNOW | DNOW INC | $46.4M | 3,894,798 | 0.15% | — |
| TFIN | TRIUMPH FINANCIAL INC | $45.5M | 763,216 | 0.15% | — |
| AIN | ALBANY INTL CORP | $45.3M | 867,898 | 0.15% | — |
| ZGN | ERMENEGILDO ZEGNA N V | $43.7M | 4,197,254 | 0.14% | — |
| AESI | ATLAS ENERGY SOLUTIONS INC | $41.3M | 3,149,891 | 0.14% | — |
| EXTR | EXTREME NETWORKS INC | $40.0M | 2,651,815 | 0.13% | — |
| ZETA | ZETA GLOBAL HOLDINGS CORP | $38.8M | 2,438,763 | 0.13% | — |
| AMSC | AMERICAN SUPERCONDUCTOR CORP | $38.6M | 1,139,793 | 0.13% | — |
| PDFS | PDF SOLUTIONS INC | $37.3M | 1,140,547 | 0.12% | — |
| AWK | AMERICAN WTR WKS CO INC NEW | $36.8M | 270,335 | 0.12% | — |
| EPAC | ENERPAC TOOL GROUP CORP | $34.8M | 954,092 | 0.11% | — |
| HLMN | HILLMAN SOLUTIONS CORP | $32.6M | 3,915,227 | 0.11% | — |
| PENG | PENGUIN SOLUTIONS INC | $31.5M | 1,789,022 | 0.10% | — |
| DCH | DAUCH CORP | $27.6M | 4,661,066 | 0.09% | — |
| THRM | GENTHERM INC | $26.9M | 968,793 | 0.09% | — |
| JPM | JPMORGAN CHASE & CO | $26.9M | 91,407 | 0.09% | — |
| GSM | FERROGLOBE PLC | $25.0M | 6,075,049 | 0.08% | — |
| IQ | IQIYI INC | $24.6M | 18,214,642 | 0.08% | — |
| SYNA | SYNAPTICS INC | $24.2M | 344,964 | 0.08% | — |
| TRNS | TRANSCAT INC | $24.1M | 327,442 | 0.08% | — |
| HTO | H2O AMERICA | $24.0M | 409,650 | 0.08% | — |
| VPG | VISHAY PRECISION GROUP INC | $23.7M | 546,358 | 0.08% | — |
| FAF | FIRST AMERN FINL CORP | $23.6M | 391,650 | 0.08% | — |
| GD | GENERAL DYNAMICS CORP | $22.5M | 65,629 | 0.07% | — |
| PG | PROCTER & GAMBLE CO | $21.6M | 149,879 | 0.07% | — |
| PM | PHILIP MORRIS INTL INC | $20.2M | 121,906 | 0.07% | — |
| NTRS | NORTHERN TR CORP | $17.1M | 122,274 | 0.06% | — |
| SYY | SYSCO CORP | $17.1M | 239,173 | 0.06% | — |
| CCEP | COCA-COLA EUROPACIFIC PARTNE | $15.9M | 175,441 | 0.05% | — |
| TSN | TYSON FOODS INC | $14.8M | 231,022 | 0.05% | — |
| BUR | BURFORD CAPITAL LIMITED | $14.0M | 3,103,618 | 0.05% | — |
| LHX | L3HARRIS TECHNOLOGIES INC | $14.0M | 40,504 | 0.05% | — |
| IFF | INTERNATIONAL FLAVORS&FRAGRA | $13.8M | 190,470 | 0.05% | — |
| ESI | ELEMENT SOLUTIONS INC | $13.6M | 397,458 | 0.04% | — |
| MGY | MAGNOLIA OIL & GAS CORP | $12.1M | 381,899 | 0.04% | — |
| CLX | CLOROX CO DEL | $11.5M | 110,863 | 0.04% | — |
| CUBE | CUBESMART | $11.5M | 312,491 | 0.04% | — |
| CMCSA | COMCAST CORP NEW | $11.1M | 385,918 | 0.04% | — |
| HUBB | HUBBELL INC | $10.0M | 20,324 | 0.03% | — |
| CNK | CINEMARK HLDGS INC | $8.4M | 295,788 | 0.03% | — |
| SN | SHARKNINJA INC | $8.4M | 79,319 | 0.03% | — |
| NVT | NVENT ELEC PLC | $8.4M | 70,730 | 0.03% | — |
This table is the 150 largest positions by value, out of 377 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 BARROW HANLEY MEWHINNEY & STRAUSS LLC (CIK 313028, accession 0000313028-26-000021). 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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