13F holdings
CIBC WORLD MARKET INC. portfolio
Managed by . 1,398 reported positions worth $56.9B as of 2026-03-31, filed with the SEC on 2026-05-14. Parsed from the filing itself, not a reseller.
$56.9B
Book value
1,398
Positions
33%
Top 10 weight
+166
New this quarter
-116
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 (166)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| FLUT | FLUTTER ENTMT PLC | $316.0M | 3,100,010 | 0.56% |
| NEOG | NEOGEN CORP | $55.4M | 5,961,600 | 0.10% |
| DINO | HF SINCLAIR CORP | $10.9M | 175,326 | 0.02% |
| BKLN | INVESCO EXCH TRADED FD TR II | $10.0M | 489,920 | 0.02% |
| CENX | CENTURY ALUM CO | $9.4M | 160,632 | 0.02% |
| AZN | ASTRAZENECA PLC | $9.1M | 46,683 | 0.02% |
| DAN | DANA INC | $7.8M | 232,582 | 0.01% |
| SFM | SPROUTS FMRS MKT INC | $7.7M | 99,718 | 0.01% |
| REET | ISHARES TR | $7.1M | 281,290 | 0.01% |
| GPN | GLOBAL PMTS INC | $6.6M | 97,394 | 0.01% |
| SCHZ | SCHWAB STRATEGIC TR | $5.8M | 250,000 | 0.01% |
| EMLC | VANECK ETF TRUST | $5.1M | 203,300 | 0.01% |
| PSQ | PROSHARES TR | $4.6M | 143,101 | 0.01% |
| PFG | PRINCIPAL FINANCIAL GROUP IN | $4.5M | 49,798 | 0.01% |
| MDA | MDA SPACE LTD | $4.4M | 174,928 | 0.01% |
| SAIA | SAIA INC | $3.7M | 10,558 | 0.01% |
| JIVE | J P MORGAN EXCHANGE TRADED F | $3.6M | 42,408 | 0.01% |
| CRON | CRONOS GROUP INC | $3.4M | 1,346,820 | 0.01% |
| BBY | BEST BUY INC | $3.3M | 51,379 | 0.01% |
| ACHC | ACADIA HEALTHCARE COMPANY IN | $3.2M | 134,911 | 0.01% |
| RNST | RENASANT CORP | $3.1M | 85,656 | 0.01% |
| AVUV | AMERICAN CENTY ETF TR | $3.0M | 27,256 | 0.01% |
| GWW | WW GRAINGER INC | $2.9M | 2,669 | 0.01% |
| FUL | FULLER H B CO | $2.7M | 43,944 | 0.00% |
| VDE | VANGUARD WORLD FD | $2.5M | 14,525 | 0.00% |
Closed out (116)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| GRTUF | GRANITE REAL ESTATE INVT TR | $38.6M | 648,415 | 0.00% |
| NGDN | NEW GOLD INC CDA | $34.6M | 3,976,310 | 0.00% |
| VISN | COMMSCOPE HLDG CO INC | $8.1M | 444,348 | 0.00% |
| TEX | TEREX CORP NEW | $7.8M | 146,572 | 0.00% |
| CPA | COPA HOLDINGS SA | $7.0M | 57,780 | 0.00% |
| AZNN | ASTRAZENECA PLC | $6.5M | 71,060 | 0.00% |
| CATY | CATHAY GEN BANCORP | $6.4M | 131,335 | 0.00% |
| MEDP | MEDPACE HLDGS INC | $6.2M | 11,013 | 0.00% |
| BROOKFIELD BUSINESS PART | BROOKFIELD BUSINESS PARTNERS | $5.9M | 167,700 | 0.00% |
| NWSA | NEWS CORP NEW | $5.8M | 223,200 | 0.00% |
| WDAY | WORKDAY INC | $5.1M | 23,601 | 0.00% |
| KIM | KIMCO RLTY CORP | $5.0M | 247,900 | 0.00% |
| ALNY | ALNYLAM PHARMACEUTICALS INC | $4.9M | 12,225 | 0.00% |
| LGND | LIGAND PHARMACEUTICALS INC | $4.8M | 25,630 | 0.00% |
| CNK | CINEMARK HLDGS INC | $4.8M | 206,499 | 0.00% |
| SAN | BANCO SANTANDER SA | $4.8M | 405,991 | 0.00% |
| MTCH | MATCH GROUP INC NEW | $4.1M | 128,250 | 0.00% |
| BROOKFIELD BUSINESS CORP | BROOKFIELD BUSINESS CORP | $4.1M | 115,493 | 0.00% |
| NLY | ANNALY CAPITAL MANAGEMENT IN | $4.1M | 182,776 | 0.00% |
| SITM | SITIME CORP | $3.8M | 10,751 | 0.00% |
| CPT | CAMDEN PPTY TR | $3.7M | 34,000 | 0.00% |
| TELFY | TELEFONICA S A | $3.0M | 748,893 | 0.00% |
| IVZ | INVESCO LTD | $3.0M | 114,000 | 0.00% |
| YUMC | YUM CHINA HLDGS INC | $3.0M | 62,028 | 0.00% |
| CHWY | CHEWY INC | $2.6M | 78,327 | 0.00% |
Added to (550)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| TD | TORONTO DOMINION BK ONT | $3.7B | 39,319,985 | 6.45% | +2% |
| CNQ | CANADIAN NAT RES LTD MED TER | $2.2B | 44,886,474 | 3.85% | +2% |
| BMO | BANK MONTREAL MEDIUM | $1.8B | 13,185,798 | 3.14% | +5% |
| SPY | STATE STR SPDR S&P 500 ETF T | $1.2B | 1,807,103 | 2.06% | +326% |
| CM | CANADIAN IMPERIAL BANK OF CO | $1.2B | 12,136,889 | 2.05% | +1% |
| NVDA | NVIDIA CORPORATION | $1.1B | 6,227,509 | 1.91% | +38% |
| AAPL | APPLE INC | $889.3M | 3,504,009 | 1.56% | +13% |
| AEM | AGNICO EAGLE MINES LTD | $844.6M | 4,161,958 | 1.48% | +18% |
| QQQ | INVESCO QQQ TR | $814.4M | 1,411,039 | 1.43% | +74% |
| BN | BROOKFIELD CORP | $796.3M | 19,676,746 | 1.40% | +10% |
| JPM | JPMORGAN CHASE & CO | $791.5M | 2,690,763 | 1.39% | +36% |
| B | BARRICK MNG CORP | $647.3M | 15,840,819 | 1.14% | +4% |
| EMA | EMERA INC | $641.5M | 12,377,601 | 1.13% | +5% |
| TU | TELUS CORPORATION | $625.2M | 48,654,761 | 1.10% | +13% |
| SLF | SUN LIFE FINANCIAL INC. | $583.5M | 9,316,439 | 1.03% | +39% |
Trimmed (508)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| XLC | SELECT SECTOR SPDR TR | $1.6M | 14,556 | 0.00% | -99% |
| VLUE | ISHARES TR | $301,301 | 2,119 | 0.00% | -98% |
| PRKS | UNITED PARKS & RESORTS INC | $411,843 | 12,610 | 0.00% | -97% |
| NCLH | NORWEGIAN CRUISE LINE HLDGS | $1.2M | 61,717 | 0.00% | -97% |
| BRX | BRIXMOR PPTY GROUP INC | $513,648 | 17,835 | 0.00% | -96% |
| XEL | XCEL ENERGY INC | $283,204 | 3,565 | 0.00% | -96% |
| REXR | REXFORD INDL RLTY INC | $1.3M | 40,830 | 0.00% | -96% |
| ICE | INTERCONTINENTAL EXCHANGE IN | $1.2M | 7,374 | 0.00% | -96% |
| NTNX | NUTANIX INC | $350,984 | 9,234 | 0.00% | -95% |
| ON | ON SEMICONDUCTOR CORP | $212,200 | 3,427 | 0.00% | -95% |
| CHD | CHURCH & DWIGHT CO INC | $302,543 | 3,242 | 0.00% | -95% |
| ADM | ARCHER DANIELS MIDLAND CO | $1.1M | 14,976 | 0.00% | -90% |
| TGT | TARGET CORP | $2.9M | 23,954 | 0.01% | -89% |
| PHO | INVESCO EXCHANGE TRADED FD T | $246,513 | 3,687 | 0.00% | -89% |
| HUBB | HUBBELL INC | $569,749 | 1,161 | 0.00% | -89% |
The book
Largest 150 of 1,398 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| TD | TORONTO DOMINION BK ONT | $3.7B | 39,319,985 | 6.45% | — |
| RY | ROYAL BK CDA | $3.2B | 19,920,248 | 5.66% | — |
| CNQ | CANADIAN NAT RES LTD MED TER | $2.2B | 44,886,474 | 3.85% | — |
| BNS | BANK NOVA SCOTIA B C | $1.8B | 25,977,781 | 3.16% | — |
| BMO | BANK MONTREAL MEDIUM | $1.8B | 13,185,798 | 3.14% | — |
| ENB | ENBRIDGE INC | $1.4B | 25,325,643 | 2.41% | — |
| SPY | STATE STR SPDR S&P 500 ETF T | $1.2B | 1,807,103 | 2.06% | — |
| CM | CANADIAN IMPERIAL BANK OF CO | $1.2B | 12,136,889 | 2.05% | — |
| NVDA | NVIDIA CORPORATION | $1.1B | 6,227,509 | 1.91% | — |
| SHOP | SHOPIFY INC | $1.0B | 8,749,299 | 1.82% | — |
| TRP | TC ENERGY CORP | $957.8M | 15,298,592 | 1.68% | — |
| AAPL | APPLE INC | $889.3M | 3,504,009 | 1.56% | — |
| AEM | AGNICO EAGLE MINES LTD | $844.6M | 4,161,958 | 1.48% | — |
| QQQ | INVESCO QQQ TR | $814.4M | 1,411,039 | 1.43% | — |
| SU | SUNCOR ENERGY INC NEW | $809.1M | 12,234,317 | 1.42% | — |
| BN | BROOKFIELD CORP | $796.3M | 19,676,746 | 1.40% | — |
| JPM | JPMORGAN CHASE & CO | $791.5M | 2,690,763 | 1.39% | — |
| MSFT | MICROSOFT CORP | $757.0M | 2,045,058 | 1.33% | — |
| AMZN | AMAZON COM INC | $726.7M | 3,489,093 | 1.28% | — |
| B | BARRICK MNG CORP | $647.3M | 15,840,819 | 1.14% | — |
| EMA | EMERA INC | $641.5M | 12,377,601 | 1.13% | — |
| TU | TELUS CORPORATION | $625.2M | 48,654,761 | 1.10% | — |
| CP | CANADIAN PACIFIC KANSAS CITY | $613.5M | 7,797,187 | 1.08% | — |
| CLS | CELESTICA INC | $593.0M | 2,102,576 | 1.04% | — |
| BCE | BCE INC | $589.4M | 23,359,992 | 1.04% | — |
| SLF | SUN LIFE FINANCIAL INC. | $583.5M | 9,316,439 | 1.03% | — |
| MFC | MANULIFE FINL CORP | $579.0M | 16,811,222 | 1.02% | — |
| AVGO | BROADCOM INC | $564.0M | 1,822,167 | 0.99% | — |
| PBA | PEMBINA PIPELINE CORP | $549.6M | 12,280,619 | 0.97% | — |
| CNI | CANADIAN NATL RY CO | $526.5M | 5,099,397 | 0.93% | — |
| GOOGL | ALPHABET INC | $516.0M | 1,794,316 | 0.91% | — |
| RCI | ROGERS COMMUNICATIONS INC | $515.6M | 13,409,028 | 0.91% | — |
| QSR | RESTAURANT BRANDS INTL INC | $499.6M | 6,760,192 | 0.88% | — |
| WPM | WHEATON PRECIOUS METALS CORP | $489.8M | 3,732,434 | 0.86% | — |
| GOOG | ALPHABET INC | $450.1M | 1,569,188 | 0.79% | — |
| FTS | FORTIS INC | $437.1M | 7,835,890 | 0.77% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $435.7M | 909,220 | 0.77% | — |
| CCJ | CAMECO CORP | $406.7M | 3,740,424 | 0.71% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $402.2M | 1,190,137 | 0.71% | — |
| NTR | NUTRIEN LTD | $392.0M | 5,194,538 | 0.69% | — |
| IWM | ISHARES TR | $342.7M | 1,381,744 | 0.60% | — |
| EXMOC | EXXON MOBIL CORP | $336.4M | 1,982,781 | 0.59% | — |
| WCN | WASTE CONNECTIONS INC | $332.7M | 2,048,147 | 0.58% | — |
| CVE | CENOVUS ENERGY INC | $327.5M | 12,343,360 | 0.58% | — |
| FNV | FRANCO NEV CORP | $327.0M | 1,320,804 | 0.57% | — |
| META | META PLATFORMS INC | $325.0M | 568,105 | 0.57% | — |
| FLUT | FLUTTER ENTMT PLC | $316.0M | 3,100,010 | 0.56% | — |
| COST | COSTCO WHOLESALE CORPORATION | $312.5M | 313,653 | 0.55% | — |
| V | VISA INC | $286.4M | 947,627 | 0.50% | — |
| MA | MASTERCARD INCORPORATED | $275.5M | 551,370 | 0.48% | — |
| KGC | KINROSS GOLD CORP | $265.3M | 8,679,915 | 0.47% | — |
| XLI | SELECT SECTOR SPDR TR | $261.0M | 1,613,699 | 0.46% | — |
| WMT | WALMART INC | $254.0M | 2,043,683 | 0.45% | — |
| LLY | ELI LILLY & CO | $235.3M | 255,820 | 0.41% | — |
| XLP | SELECT SECTOR SPDR TR | $234.5M | 2,860,644 | 0.41% | — |
| XLE | SELECT SECTOR SPDR TR | $233.5M | 3,811,299 | 0.41% | — |
| BIP | BROOKFIELD INFRASTRUCTURE PA | $221.8M | 6,140,749 | 0.39% | — |
| BAC | BANK AMERICA CORP | $218.7M | 4,485,581 | 0.38% | — |
| TECK | TECK RESOURCES LTD | $214.5M | 4,139,390 | 0.38% | — |
| CVX | CHEVRON CORPORATION | $205.9M | 995,292 | 0.36% | — |
| XLY | SELECT SECTOR SPDR TR | $205.4M | 1,884,389 | 0.36% | — |
| XLU | SELECT SECTOR SPDR TR | $199.6M | 4,350,271 | 0.35% | — |
| GS | GOLDMAN SACHS GROUP INC | $189.8M | 224,307 | 0.33% | — |
| SCHD | SCHWAB STRATEGIC TR | $188.9M | 6,157,767 | 0.33% | — |
| JNJ | JOHNSON & JOHNSON | $176.5M | 722,164 | 0.31% | — |
| BAM | BROOKFIELD ASSET MANAGMT LTD | $163.9M | 3,686,583 | 0.29% | — |
| MGA | MAGNA INTL INC | $159.6M | 2,858,777 | 0.28% | — |
| AMD | ADVANCED MICRO DEVICES INC | $155.1M | 762,533 | 0.27% | — |
| GIB | CGI INC | $150.9M | 2,064,962 | 0.27% | — |
| MRK | MERCK & CO INC | $149.2M | 1,239,951 | 0.26% | — |
| IMO | IMPERIAL OIL LTD | $148.1M | 1,130,795 | 0.26% | — |
| ABBV | ABBVIE INC | $145.9M | 670,994 | 0.26% | — |
| MS | MORGAN STANLEY | $140.8M | 855,631 | 0.25% | — |
| WFC | WELLS FARGO & CO | $140.2M | 1,761,497 | 0.25% | — |
| HD | HOME DEPOT INC | $138.5M | 421,044 | 0.24% | — |
| C | CITIGROUP INC | $134.4M | 1,185,094 | 0.24% | — |
| MCD | MCDONALDS CORP | $134.1M | 431,493 | 0.24% | — |
| KO | COCA COLA CO | $132.7M | 1,745,081 | 0.23% | — |
| MU | MICRON TECHNOLOGY INC | $127.9M | 378,556 | 0.22% | — |
| NFLX | NETFLIX INC. | $127.5M | 1,325,663 | 0.22% | — |
| CAT | CATERPILLAR INC | $119.2M | 168,312 | 0.21% | — |
| SOBO | SOUTH BOW CORP | $114.4M | 3,439,260 | 0.20% | — |
| GLD | SPDR GOLD TR | $113.9M | 264,780 | 0.20% | — |
| UNH | UNITEDHEALTH GROUP INC | $106.8M | 394,678 | 0.19% | — |
| TSLA | TESLA INC | $105.2M | 283,102 | 0.18% | — |
| VZ | VERIZON COMMUNICATIONS INC | $105.2M | 2,094,906 | 0.18% | — |
| CAR | AVIS BUDGET GROUP INC | $102.1M | 700,000 | 0.18% | — |
| CSCO | CISCO SYS INC | $100.2M | 1,291,521 | 0.18% | — |
| IVV | ISHARES TR | $90.8M | 138,950 | 0.16% | — |
| GEV | GE VERNOVA INC | $89.6M | 102,689 | 0.16% | — |
| TRI4EUR | THOMSON REUTERS CORP | $89.6M | 992,791 | 0.16% | — |
| BEP | BROOKFIELD RENEWABLE ENERGY | $88.8M | 2,723,808 | 0.16% | — |
| AMAT | APPLIED MATLS INC | $87.1M | 254,940 | 0.15% | — |
| SCHW | SCHWAB CHARLES CORP | $85.5M | 910,142 | 0.15% | — |
| LRCX | LAM RESEARCH CORP | $84.3M | 394,552 | 0.15% | — |
| UBER | UBER TECHNOLOGIES INC | $82.7M | 1,149,071 | 0.15% | — |
| PFE | PFIZER INC | $81.1M | 2,888,310 | 0.14% | — |
| XLV | SELECT SECTOR SPDR TR | $81.1M | 553,159 | 0.14% | — |
| ORCL | ORACLE CORP | $78.5M | 533,737 | 0.14% | — |
| COP | CONOCOPHILLIPS | $76.9M | 582,598 | 0.14% | — |
| ACWI | ISHARES TR | $74.8M | 540,262 | 0.13% | — |
| ASML | ASML HLDG NV | $72.8M | 55,095 | 0.13% | — |
| BLK | BLACKROCK INC | $70.8M | 73,592 | 0.12% | — |
| TJX | TJX COS INC NEW | $70.5M | 441,505 | 0.12% | — |
| TFII | TRANSFORCE INC | $68.6M | 630,196 | 0.12% | — |
| T | AT&T INC | $64.2M | 2,215,757 | 0.11% | — |
| SLB | SLB LIMITED | $64.1M | 1,248,053 | 0.11% | — |
| HONGBP | HONEYWELL INTL INC | $64.1M | 283,674 | 0.11% | — |
| FSV | FIRSTSERVICE CORP NEW | $63.9M | 459,286 | 0.11% | — |
| IBM | INTERNATIONAL BUSINESS MACHS | $63.8M | 263,246 | 0.11% | — |
| SEA1EUR | SEABRIDGE GOLD INC | $62.7M | 2,212,943 | 0.11% | — |
| PEP | PEPSICO INC | $62.6M | 402,982 | 0.11% | — |
| GIL | GILDAN ACTIVEWEAR INC | $62.3M | 1,118,435 | 0.11% | — |
| VLO | VALERO ENERGY CORP | $62.3M | 252,032 | 0.11% | — |
| NEM | NEWMONT CORP | $61.3M | 566,630 | 0.11% | — |
| EQIX | EQUINIX INC | $61.2M | 62,468 | 0.11% | — |
| PG | PROCTER & GAMBLE CO | $60.0M | 415,600 | 0.11% | — |
| RSP | INVESCO EXCHANGE TRADED FD T | $59.6M | 310,351 | 0.10% | — |
| VRT | VERTIV HOLDINGS CO | $57.8M | 230,663 | 0.10% | — |
| KLAC | KLA CORP | $56.1M | 38,099 | 0.10% | — |
| NEOG | NEOGEN CORP | $55.4M | 5,961,600 | 0.10% | — |
| CSX | CSX CORP | $55.1M | 1,343,461 | 0.10% | — |
| EFA | ISHARES TR | $54.8M | 564,030 | 0.10% | — |
| QCOM | QUALCOMM INC | $54.5M | 423,368 | 0.10% | — |
| AXP | AMERICAN EXPRESS CO | $54.5M | 180,068 | 0.10% | — |
| BOKF | BOK FINL CORP | $54.3M | 423,700 | 0.10% | — |
| XLF | SELECT SECTOR SPDR TR | $53.8M | 1,088,922 | 0.09% | — |
| PWR | QUANTA SVCS INC | $53.6M | 97,717 | 0.09% | — |
| WM | WASTE MGMT INC DEL | $53.6M | 233,113 | 0.09% | — |
| COF | CAPITAL ONE FINL CORP | $53.0M | 290,735 | 0.09% | — |
| WMB | WILLIAMS COS INC | $52.3M | 718,535 | 0.09% | — |
| OTEX | OPEN TEXT CORP | $51.7M | 2,321,695 | 0.09% | — |
| MPC | MARATHON PETE CORP | $51.4M | 210,483 | 0.09% | — |
| SYK | STRYKER CORPORATION | $51.4M | 156,407 | 0.09% | — |
| NEE | NEXTERA ENERGY INC | $51.4M | 552,905 | 0.09% | — |
| TRGP | TARGA RES CORP | $51.0M | 203,586 | 0.09% | — |
| CRWD | CROWDSTRIKE HLDGS INC | $50.2M | 128,486 | 0.09% | — |
| XLB | SELECT SECTOR SPDR TR | $50.1M | 1,002,353 | 0.09% | — |
| BKR | BAKER HUGHES COMPANY | $49.9M | 818,009 | 0.09% | — |
| IAG | IAMGOLD CORP | $49.8M | 2,648,685 | 0.09% | — |
| EOG | EOG RES INC | $49.6M | 343,146 | 0.09% | — |
| TMO | THERMO FISHER SCIENTIFIC INC | $49.4M | 100,534 | 0.09% | — |
| RTX | RTX CORPORATION | $49.0M | 253,826 | 0.09% | — |
| PM | PHILIP MORRIS INTL INC | $48.8M | 295,052 | 0.09% | — |
| GILD | GILEAD SCIENCES INC | $48.2M | 346,046 | 0.08% | — |
| PSX | PHILLIPS 66 | $45.8M | 251,463 | 0.08% | — |
| BIPC | BROOKFIELD INFRASTRUCTURE CO | $45.6M | 1,154,864 | 0.08% | — |
| CAE | CAE INC | $45.6M | 1,750,176 | 0.08% | — |
| TXN | TEXAS INSTRS INC | $45.1M | 232,505 | 0.08% | — |
| FIX | COMFORT SYS USA INC | $45.0M | 32,665 | 0.08% | — |
This table is the 150 largest positions by value, out of 1,398 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 65 options positions with a combined notional of $4.3B. 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 CIBC WORLD MARKET INC. (CIK 1421224, accession 0001421224-26-000004). 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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