13F holdings
BROWN ADVISORY INC portfolio
Managed by . 1,393 reported positions worth $60.9B as of 2026-03-31, filed with the SEC on 2026-05-15. Parsed from the filing itself, not a reseller.
$60.9B
Book value
1,393
Positions
30%
Top 10 weight
+102
New this quarter
-90
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 (102)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| BAIV | ADVISORS INNER CIRCLE FD III | $66.3M | 2,780,270 | 0.11% |
| LNTH | LANTHEUS HLDGS INC | $52.2M | 687,607 | 0.09% |
| VVV | VALVOLINE INC | $41.9M | 1,242,970 | 0.07% |
| FCN | FTI CONSULTING INC | $34.5M | 195,208 | 0.06% |
| GH | GUARDANT HEALTH INC | $30.4M | 329,564 | 0.05% |
| FFBC | 1ST FINL BANCORP | $29.9M | 1,070,900 | 0.05% |
| SMPL | SIMPLY GOOD FOODS CO | $16.6M | 1,159,380 | 0.03% |
| LMRI | LUMEXA IMAGING HOLDINGS INC | $14.7M | 1,705,077 | 0.02% |
| KNF | KNIFE RIVER CORP | $12.5M | 152,653 | 0.02% |
| QTWO | Q2 HLDGS INC | $10.4M | 220,600 | 0.02% |
| RYN | RAYONIER INC | $7.2M | 347,310 | 0.01% |
| IDEV | ISHARES TR | $3.7M | 44,270 | 0.01% |
| TBLA | TABOOLA.COM LTD | $2.7M | 872,519 | 0.00% |
| RDDT | REDDIT INC | $2.6M | 19,630 | 0.00% |
| AZN | ASTRAZENECA PLC | $2.0M | 10,380 | 0.00% |
| WDFC | WD 40 CO | $1.8M | 8,681 | 0.00% |
| PNFP | PINNACLE FINL PARTNERS INC | $1.7M | 19,643 | 0.00% |
| NICE | NICE LTD | $1.5M | 13,575 | 0.00% |
| PBR/A | PETROLEO BRASILEIRO S A | $1.3M | 69,828 | 0.00% |
| TX | TERNIUM SA | $998,611 | 24,872 | 0.00% |
| TCBX | THIRD COAST BANCSHARES INC | $859,800 | 22,728 | 0.00% |
| SNDK | SANDISK CORP | $812,982 | 1,280 | 0.00% |
| STRL | STERLING INFRASTRUCTURE INC | $792,026 | 1,945 | 0.00% |
| DFSE | DIMENSIONAL ETF TRUST | $705,201 | 16,644 | 0.00% |
| ORA | ORMAT TECHNOLOGIES INC | $663,102 | 5,925 | 0.00% |
Closed out (90)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| 8QR | CONFLUENT INC | $89.0M | 2,942,245 | 0.00% |
| CWAN | CLEARWATER ANALYTICS HLDGS I | $62.3M | 2,581,022 | 0.00% |
| K4F | ONESTREAM INC | $62.1M | 3,376,401 | 0.00% |
| PPLI | IAC INC | $24.7M | 630,495 | 0.00% |
| GLOB | GLOBANT S A | $23.0M | 352,606 | 0.00% |
| WHD | CACTUS INC | $19.7M | 431,882 | 0.00% |
| SAIL | SAILPOINT INC | $16.0M | 793,125 | 0.00% |
| PHR | PHREESIA INC | $8.6M | 510,858 | 0.00% |
| PCH | POTLATCHDELTIC CORPORATION | $7.6M | 190,216 | 0.00% |
| SUSA | ISHARES TR | $5.3M | 38,289 | 0.00% |
| ASCENDIS PHARMA A/S | ASCENDIS PHARMA A/S | $5.2M | 24,544 | 0.00% |
| LFST | LIFESTANCE HEALTH GROUP INC | $2.7M | 389,122 | 0.00% |
| AZNN | ASTRAZENECA PLC | $1.8M | 20,121 | 0.00% |
| PINNACLE FINL PARTNERS I | PINNACLE FINL PARTNERS INC | $1.3M | 14,043 | 0.00% |
| NTRA | NATERA INC | $1.1M | 4,658 | 0.00% |
| BTCI | NEOS ETF TRUST | $917,597 | 20,845 | 0.00% |
| EXK | EXACT SCIENCES CORP | $818,472 | 8,059 | 0.00% |
| STE | STERIS PLC | $783,630 | 3,091 | 0.00% |
| VIK | VIKING HOLDINGS LTD | $758,588 | 10,623 | 0.00% |
| CDW | CDW CORP | $757,000 | 5,558 | 0.00% |
| EPI | WISDOMTREE TR | $650,143 | 14,045 | 0.00% |
| XRAY | DENTSPLY SIRONA INC | $642,526 | 56,214 | 0.00% |
| EPAM | EPAM SYS INC | $609,928 | 2,977 | 0.00% |
| SYU1 | SYNOVUS FINL CORP | $540,841 | 10,806 | 0.00% |
| MIDD | MIDDLEBY CORP | $523,764 | 3,523 | 0.00% |
Added to (406)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| V | VISA INC | $2.3B | 7,595,390 | 3.77% | +3% |
| MA | MASTERCARD INCORPORATED | $1.7B | 3,490,102 | 2.87% | +10% |
| BAFE | ADVISORS INNER CIRCLE FD III | $1.4B | 56,200,198 | 2.34% | +3% |
| IVV | ISHARES TR | $1.1B | 1,721,246 | 1.85% | +21% |
| AAPL | APPLE INC | $1.0B | 4,014,257 | 1.67% | +3% |
| VTI | VANGUARD INDEX FDS | $708.7M | 2,209,084 | 1.16% | +2% |
| EFX | EQUIFAX INC | $657.0M | 3,648,819 | 1.08% | +30% |
| SPY | STATE STR SPDR S&P 500 ETF T | $630.0M | 968,768 | 1.04% | +5% |
| ADSK | AUTODESK INC | $614.0M | 2,564,864 | 1.01% | +12% |
| BKNG | BOOKING HOLDINGS INC | $506.8M | 120,372 | 0.83% | +14% |
| ZTS | ZOETIS INC | $495.1M | 4,188,438 | 0.81% | +3% |
| SPOT | SPOTIFY TECHNOLOGY S A | $452.0M | 932,151 | 0.74% | +12% |
| MELI | MERCADOLIBRE INC | $415.0M | 240,019 | 0.68% | +1462% |
| EAGL | 2023 ETF SERIES TRUST | $353.1M | 11,607,059 | 0.58% | +71% |
| CTAS | CINTAS CORP | $320.5M | 1,894,787 | 0.53% | +118% |
Trimmed (546)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| TTD | THE TRADE DESK INC | $337,196 | 14,861 | 0.00% | -99% |
| FIBK | FIRST INTST BANCSYSTEM INC | $292,050 | 8,744 | 0.00% | -99% |
| OEC | ORION S.A. | $192,621 | 29,634 | 0.00% | -99% |
| 8TG | THERMON GROUP HLDGS INC | $383,191 | 7,603 | 0.00% | -98% |
| VRSK | VERISK ANALYTICS INC | $7.1M | 37,378 | 0.01% | -98% |
| TTWO | TAKE-TWO INTERACTIVE SOFTWAR | $860,526 | 4,357 | 0.00% | -97% |
| MOD | MODINE MFG CO | $2.0M | 9,191 | 0.00% | -92% |
| FICO | FAIR ISAAC CORP | $8.0M | 7,531 | 0.01% | -91% |
| VOYG | VOYAGER TECHNOLOGIES INC | $224,755 | 9,609 | 0.00% | -89% |
| VEEV | VEEVA SYS INC | $8.0M | 45,420 | 0.01% | -87% |
| NBIX | NEUROCRINE BIOSCIENCES INC | $4.6M | 34,552 | 0.01% | -85% |
| TEAM | ATLASSIAN CORPORATION | $363,552 | 5,327 | 0.00% | -83% |
| CSGP | COSTAR GROUP INC | $13.6M | 337,021 | 0.02% | -82% |
| EQH | EQUITABLE HLDGS INC | $2.1M | 55,745 | 0.00% | -81% |
| GLBE | GLOBAL E ONLINE LTD | $200,679 | 6,505 | 0.00% | -79% |
The book
Largest 150 of 1,393 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| MSFT | MICROSOFT CORP | $3.6B | 9,717,825 | 5.91% | — |
| V | VISA INC | $2.3B | 7,595,390 | 3.77% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $2.1B | 6,140,795 | 3.41% | — |
| GOOG | ALPHABET INC | $1.9B | 6,764,340 | 3.19% | — |
| MA | MASTERCARD INCORPORATED | $1.7B | 3,490,102 | 2.87% | — |
| NVDA | NVIDIA CORPORATION | $1.7B | 9,740,662 | 2.79% | — |
| AMZN | AMAZON COM INC | $1.6B | 7,644,464 | 2.62% | — |
| BAFE | ADVISORS INNER CIRCLE FD III | $1.4B | 56,200,198 | 2.34% | — |
| IVV | ISHARES TR | $1.1B | 1,721,246 | 1.85% | — |
| AAPL | APPLE INC | $1.0B | 4,014,257 | 1.67% | — |
| SCHW | SCHWAB CHARLES CORP | $859.2M | 9,142,065 | 1.41% | — |
| AVGO | BROADCOM INC | $750.7M | 2,425,317 | 1.23% | — |
| DSPY | TEMA ETF TRUST | $749.9M | 13,145,432 | 1.23% | — |
| GE | GE AEROSPACE | $744.6M | 2,624,001 | 1.22% | — |
| VTI | VANGUARD INDEX FDS | $708.7M | 2,209,084 | 1.16% | — |
| EFX | EQUIFAX INC | $657.0M | 3,648,819 | 1.08% | — |
| SPY | STATE STR SPDR S&P 500 ETF T | $630.0M | 968,768 | 1.04% | — |
| ADSK | AUTODESK INC | $614.0M | 2,564,864 | 1.01% | — |
| GOOGL | ALPHABET INC | $594.8M | 2,068,419 | 0.98% | — |
| ISRG | INTUITIVE SURGICAL INC | $585.0M | 1,268,966 | 0.96% | — |
| EW | EDWARDS LIFESCIENCES CORP | $562.9M | 7,029,512 | 0.93% | — |
| KKR | KKR & CO INC | $558.1M | 6,032,964 | 0.92% | — |
| DHR | DANAHER CORP DEL | $554.9M | 2,926,636 | 0.91% | — |
| FERG | FERGUSON ENTERPRISES INC | $509.3M | 2,183,407 | 0.84% | — |
| BKNG | BOOKING HOLDINGS INC | $506.8M | 120,372 | 0.83% | — |
| META | META PLATFORMS INC | $495.9M | 866,719 | 0.81% | — |
| ZTS | ZOETIS INC | $495.1M | 4,188,438 | 0.81% | — |
| MRVL | MARVELL TECHNOLOGY INC | $492.7M | 4,974,027 | 0.81% | — |
| INTU | INTUIT | $486.4M | 1,124,863 | 0.80% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $485.2M | 1,012,512 | 0.80% | — |
| CARR | CARRIER GLOBAL CORPORATION | $455.8M | 8,093,705 | 0.75% | — |
| UBER | UBER TECHNOLOGIES INC | $455.7M | 6,335,177 | 0.75% | — |
| SPOT | SPOTIFY TECHNOLOGY S A | $452.0M | 932,151 | 0.74% | — |
| ASML | ASML HLDG NV | $436.6M | 330,565 | 0.72% | — |
| AZO | AUTOZONE INC | $419.5M | 124,201 | 0.69% | — |
| MPWR | MONOLITHIC PWR SYS INC | $415.4M | 379,897 | 0.68% | — |
| MELI | MERCADOLIBRE INC | $415.0M | 240,019 | 0.68% | — |
| BASG | ADVISORS INNER CIRCLE FD III | $387.3M | 17,045,458 | 0.64% | — |
| JPM | JPMORGAN CHASE & CO | $358.9M | 1,220,005 | 0.59% | — |
| EAGL | 2023 ETF SERIES TRUST | $353.1M | 11,607,059 | 0.58% | — |
| AJG | GALLAGHER ARTHUR J & CO | $342.3M | 1,580,307 | 0.56% | — |
| WST | WEST PHARMACEUTICAL SVSC INC | $336.1M | 1,340,877 | 0.55% | — |
| CDNS | CADENCE DESIGN SYSTEM INC | $332.7M | 1,197,183 | 0.55% | — |
| DDOG | DATADOG INC | $331.4M | 2,807,433 | 0.54% | — |
| CTAS | CINTAS CORP | $320.5M | 1,894,787 | 0.53% | — |
| IOT | SAMSARA INC | $320.0M | 10,098,893 | 0.53% | — |
| BASV | ADVISORS INNER CIRCLE FD III | $318.5M | 11,820,173 | 0.52% | — |
| COST | COSTCO WHOLESALE CORPORATION | $316.6M | 317,765 | 0.52% | — |
| EXMOC | EXXON MOBIL CORP | $313.2M | 1,846,002 | 0.51% | — |
| PGR | PROGRESSIVE CORP | $307.2M | 1,549,684 | 0.50% | — |
| ABNB | AIRBNB INC | $290.5M | 2,300,743 | 0.48% | — |
| ECL | ECOLAB INC | $288.5M | 1,084,615 | 0.47% | — |
| ALLE | ALLEGION PLC | $282.2M | 1,942,601 | 0.46% | — |
| PANW | PALO ALTO NETWORKS INC | $280.2M | 1,747,857 | 0.46% | — |
| WCN | WASTE CONNECTIONS INC | $276.2M | 1,700,377 | 0.45% | — |
| VOO | VANGUARD INDEX FDS | $270.2M | 452,121 | 0.44% | — |
| VLTO | VERALTO CORP | $266.0M | 3,008,109 | 0.44% | — |
| WDAY | WORKDAY INC | $252.0M | 1,939,286 | 0.41% | — |
| SNOW | SNOWFLAKE INC | $246.6M | 1,634,938 | 0.41% | — |
| JNJ | JOHNSON & JOHNSON | $244.4M | 999,639 | 0.40% | — |
| IWM | ISHARES TR | $243.5M | 981,679 | 0.40% | — |
| HDB | HDFC BANK LTD | $238.0M | 9,564,490 | 0.39% | — |
| VEU | VANGUARD INTL EQUITY INDEX F | $215.5M | 2,869,966 | 0.35% | — |
| IWF | ISHARES TR | $214.1M | 502,077 | 0.35% | — |
| ARES | ARES MANAGEMENT CORPORATION | $212.9M | 1,951,264 | 0.35% | — |
| VIG | VANGUARD SPECIALIZED FUNDS | $212.1M | 986,330 | 0.35% | — |
| OII | OCEANEERING INTL INC | $205.3M | 5,788,601 | 0.34% | — |
| UNH | UNITEDHEALTH GROUP INC | $195.2M | 721,553 | 0.32% | — |
| URI | UNITED RENTALS INC | $194.4M | 266,803 | 0.32% | — |
| ABBV | ABBVIE INC | $190.2M | 874,731 | 0.31% | — |
| SU | SUNCOR ENERGY INC NEW | $185.1M | 2,799,806 | 0.30% | — |
| BAC | BANK AMERICA CORP | $183.2M | 3,758,318 | 0.30% | — |
| RSP | INVESCO EXCHANGE TRADED FD T | $182.1M | 948,859 | 0.30% | — |
| SHOP | SHOPIFY INC | $176.8M | 1,490,532 | 0.29% | — |
| ADI | ANALOG DEVICES INC | $176.6M | 555,192 | 0.29% | — |
| TJX | TJX COS INC NEW | $174.6M | 1,093,126 | 0.29% | — |
| TKR | TIMKEN CO | $172.3M | 1,712,816 | 0.28% | — |
| FCNCA | FIRST CTZNS BANCSHARES INC D | $164.2M | 87,124 | 0.27% | — |
| IJR | ISHARES TR | $163.0M | 1,310,877 | 0.27% | — |
| MRK | MERCK & CO INC | $161.3M | 1,341,293 | 0.27% | — |
| ELV | ELEVANCE HEALTH INC FORMERLY | $158.3M | 540,600 | 0.26% | — |
| IWD | ISHARES TR | $157.9M | 738,840 | 0.26% | — |
| NOW | SERVICENOW INC | $152.8M | 1,461,173 | 0.25% | — |
| IJT | ISHARES TR | $151.3M | 1,045,467 | 0.25% | — |
| HLT | HILTON WORLDWIDE HLDGS INC | $146.1M | 480,484 | 0.24% | — |
| LOW | LOWES COS INC | $145.0M | 613,577 | 0.24% | — |
| VT | VANGUARD INTL EQUITY INDEX F | $141.8M | 1,025,373 | 0.23% | — |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | $141.5M | 197 | 0.23% | — |
| KLAC | KLA CORP | $141.0M | 95,741 | 0.23% | — |
| GOVT | ISHARES TR | $139.8M | 6,100,423 | 0.23% | — |
| BX | BLACKSTONE INC | $135.5M | 1,177,958 | 0.22% | — |
| NFLX | NETFLIX INC. | $131.9M | 1,371,425 | 0.22% | — |
| PG | PROCTER & GAMBLE CO | $131.6M | 910,970 | 0.22% | — |
| MDLZ | MONDELEZ INTL INC | $127.3M | 2,209,254 | 0.21% | — |
| BIPC | BROOKFIELD INFRASTRUCTURE CO | $122.3M | 3,095,540 | 0.20% | — |
| HQY | HEALTHEQUITY INC | $118.1M | 1,412,784 | 0.19% | — |
| AS | AMER SPORTS INC | $117.4M | 3,565,934 | 0.19% | — |
| ACGL | ARCH CAP GROUP LTD | $111.6M | 1,162,478 | 0.18% | — |
| LLY | ELI LILLY & CO | $109.8M | 119,391 | 0.18% | — |
| GLD | SPDR GOLD TR | $105.8M | 245,846 | 0.17% | — |
| PB | PROSPERITY BANCSHARES INC | $105.2M | 1,565,282 | 0.17% | — |
| VEA | VANGUARD TAX-MANAGED FDS | $101.9M | 1,589,470 | 0.17% | — |
| NPO | ENPRO INC | $100.2M | 399,824 | 0.16% | — |
| HD | HOME DEPOT INC | $99.5M | 302,493 | 0.16% | — |
| SPGI | S&P GLOBAL INC | $97.4M | 229,023 | 0.16% | — |
| EFA | ISHARES TR | $97.3M | 1,001,755 | 0.16% | — |
| CCC | CCC INTELLIGENT SOLUTIONS HL | $97.2M | 16,192,083 | 0.16% | — |
| IEMG | ISHARES INC | $97.1M | 1,392,402 | 0.16% | — |
| AIG | AMERICAN INTL GROUP INC | $97.0M | 1,288,568 | 0.16% | — |
| ACWI | ISHARES TR | $95.8M | 692,578 | 0.16% | — |
| DT | DYNATRACE INC | $94.4M | 2,553,198 | 0.16% | — |
| BTSG | BRIGHTSPRING HEALTH SVCS INC | $92.3M | 2,166,725 | 0.15% | — |
| CEG | CONSTELLATION ENERGY CORP | $88.6M | 317,385 | 0.15% | — |
| ESTA | ESTABLISHMENT LABS HLDGS INC | $86.7M | 1,526,872 | 0.14% | — |
| TT | TRANE TECHNOLOGIES PLC | $85.4M | 205,021 | 0.14% | — |
| GNRC | GENERAC HLDGS INC | $85.3M | 436,736 | 0.14% | — |
| CSCO | CISCO SYS INC | $84.6M | 1,090,028 | 0.14% | — |
| USFD | US FOODS HLDG CORP | $84.3M | 914,483 | 0.14% | — |
| QQQ | INVESCO QQQ TR | $83.3M | 144,306 | 0.14% | — |
| SLB | SLB LIMITED | $83.2M | 1,619,311 | 0.14% | — |
| AXP | AMERICAN EXPRESS CO | $82.1M | 271,473 | 0.13% | — |
| VGT | VANGUARD WORLD FD | $81.0M | 116,061 | 0.13% | — |
| TLN | TALEN ENERGY CORP | $79.7M | 249,555 | 0.13% | — |
| CW | CURTISS WRIGHT CORP | $78.1M | 114,642 | 0.13% | — |
| IEFA | ISHARES TR | $77.7M | 857,798 | 0.13% | — |
| ODFL | OLD DOMINION FREIGHT LINE IN | $77.1M | 394,718 | 0.13% | — |
| TECH | BIO-TECHNE CORP | $75.8M | 1,451,048 | 0.12% | — |
| VWO | VANGUARD INTL EQUITY INDEX F | $75.5M | 1,397,623 | 0.12% | — |
| ALGN | ALIGN TECHNOLOGY INC | $74.4M | 434,105 | 0.12% | — |
| SARO | STANDARDAERO INC | $74.0M | 2,864,638 | 0.12% | — |
| SAP | SAP SE | $73.1M | 427,152 | 0.12% | — |
| ILMN | ILLUMINA INC | $73.0M | 592,376 | 0.12% | — |
| IWB | ISHARES TR | $72.7M | 203,909 | 0.12% | — |
| ENTG | ENTEGRIS INC | $72.4M | 617,806 | 0.12% | — |
| NGVT | INGEVITY CORP | $70.7M | 992,016 | 0.12% | — |
| MDY | STATE STR SPDR S&P MIDCAP 40 | $68.7M | 111,398 | 0.11% | — |
| SCHB | SCHWAB STRATEGIC TR | $68.0M | 2,711,077 | 0.11% | — |
| VMI | VALMONT INDS INC | $68.0M | 170,195 | 0.11% | — |
| IBM | INTERNATIONAL BUSINESS MACHS | $67.9M | 279,947 | 0.11% | — |
| EHC | ENCOMPASS HEALTH CORP | $67.0M | 693,149 | 0.11% | — |
| ANDG | ANDERSEN GROUP INC | $66.3M | 2,439,328 | 0.11% | — |
| BAIV | ADVISORS INNER CIRCLE FD III | $66.3M | 2,780,270 | 0.11% | — |
| TMUS | T-MOBILE US INC | $65.9M | 313,634 | 0.11% | — |
| EXP | EAGLE MATLS INC | $65.0M | 343,276 | 0.11% | — |
| LSCC | LATTICE SEMICONDUCTOR CORP | $65.0M | 700,738 | 0.11% | — |
| GWRE | GUIDEWIRE SOFTWARE INC | $64.9M | 433,818 | 0.11% | — |
| AKRE | PROFESIONALLY MANAGED PORTFO | $64.4M | 1,219,004 | 0.11% | — |
| BRKR | BRUKER CORP | $64.3M | 1,780,528 | 0.11% | — |
| HEI/A | HEICO CORP NEW | $63.6M | 301,118 | 0.10% | — |
| OPLN | OPENLANE INC | $63.2M | 2,167,305 | 0.10% | — |
This table is the 150 largest positions by value, out of 1,393 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 BROWN ADVISORY INC (CIK 1345929, accession 0001345929-26-000028). 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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