13F holdings
Jefferies Financial Group Inc. portfolio
Managed by . 1,376 reported positions worth $8.2B as of 2026-03-31, filed with the SEC on 2026-05-08. Parsed from the filing itself, not a reseller.
$8.2B
Book value
1,376
Positions
23%
Top 10 weight
+416
New this quarter
-468
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 38 days old on 2026-05-08, 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 (416)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| XRT | SPDR SERIES TRUST | $99.0M | 1,230,000 | 1.21% |
| ALLE | ALLEGION PLC | $48.7M | 335,391 | 0.59% |
| PNFP | PINNACLE FINL PARTNERS INC | $37.6M | 436,754 | 0.46% |
| GRAL | GRAIL INC | $34.0M | 657,500 | 0.41% |
| VO | VANGUARD INDEX FDS | $20.1M | 70,000 | 0.25% |
| ARKG | ARK ETF TR | $19.8M | 750,821 | 0.24% |
| HPE | HEWLETT PACKARD ENTERPRISE C | $19.7M | 826,500 | 0.24% |
| IEF | ISHARES TR | $17.3M | 181,439 | 0.21% |
| DNTH | DIANTHUS THERAPEUTICS INC | $17.0M | 202,410 | 0.21% |
| PR | PERMIAN RESOURCES CORP | $15.5M | 728,397 | 0.19% |
| INDV | INDIVIOR PHARMACEUTICALS INC | $15.5M | 507,909 | 0.19% |
| ACWI | ISHARES TR | $14.1M | 102,058 | 0.17% |
| XME | SPDR SERIES TRUST | $11.3M | 104,700 | 0.14% |
| APLD | APPLIED DIGITAL CORP | $10.9M | 459,504 | 0.13% |
| ABCL | ABCELLERA BIOLOGICS INC | $9.6M | 2,746,200 | 0.12% |
| ABUS | ARBUTUS BIOPHARMA CORP | $8.5M | 1,894,067 | 0.10% |
| NOK | NOKIA CORP | $8.2M | 1,024,226 | 0.10% |
| IEMG | ISHARES INC | $7.6M | 109,163 | 0.09% |
| TLT | ISHARES TR | $7.4M | 85,050 | 0.09% |
| CRBG | COREBRIDGE FINL INC | $6.8M | 283,260 | 0.08% |
| IYR | ISHARES TR | $6.6M | 69,995 | 0.08% |
| VTR 3.75 06/01/26 | VENTAS RLTY LTD PARTNERSHIP | $6.1M | 4,041,000 | 0.07% |
| ITT | ITT INC | $6.1M | 31,796 | 0.07% |
| 4XC1 | KALVISTA PHARMACEUTICALS INC | $5.8M | 286,046 | 0.07% |
| ZBIO 2.5 04/01/32 | ZENAS BIOPHARMA INC | $5.8M | 5,548,000 | 0.07% |
Closed out (468)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| CDTX | CIDARA THERAPEUTICS INC | $169.3M | 766,520 | 0.00% |
| CMA | COMERICA INC | $87.5M | 1,006,259 | 0.00% |
| VICI | VICI PPTYS INC | $69.2M | 2,462,331 | 0.00% |
| RY | ROYAL BK CDA | $68.7M | 403,000 | 0.00% |
| LYB | LYONDELLBASELL INDUSTRIES N | $21.3M | 492,372 | 0.00% |
| BG | BUNGE GLOBAL SA | $21.1M | 236,830 | 0.00% |
| INDV | INDIVIOR PLC | $17.5M | 486,826 | 0.00% |
| MFC | MANULIFE FINL CORP | $17.5M | 481,400 | 0.00% |
| MNST | MONSTER BEVERAGE CORP NEW | $17.1M | 222,757 | 0.00% |
| BX | BLACKSTONE INC | $16.2M | 105,246 | 0.00% |
| EA* | ELECTRONIC ARTS INC | $16.1M | 78,863 | 0.00% |
| MAGN | MAGNERA CORP | $15.1M | 994,619 | 0.00% |
| LPX | LOUISIANA PAC CORP | $14.5M | 179,199 | 0.00% |
| MGY | MAGNOLIA OIL & GAS CORP | $13.5M | 614,682 | 0.00% |
| PINS | PINTEREST INC | $12.8M | 494,859 | 0.00% |
| REG | REGENCY CTRS CORP | $12.6M | 181,996 | 0.00% |
| ATEC | ALPHATEC HLDGS INC | $12.5M | 595,937 | 0.00% |
| BSY 0.125 01/15/26 | BENTLEY SYS INC | $11.5M | 11,492,000 | 0.00% |
| TYL 0.25 03/15/26 | TYLER TEX INDPT SCH DIST | $11.4M | 11,317,000 | 0.00% |
| GU9 | GUESS INC | $11.2M | 667,631 | 0.00% |
| PINNACLE FINL PARTNERS I | PINNACLE FINL PARTNERS INC | $11.0M | 115,632 | 0.00% |
| SW | SMURFIT WESTROCK PLC | $10.7M | 277,935 | 0.00% |
| DAWNGBX | DAY ONE BIOPHARMACEUTICALS I | $10.5M | 1,121,502 | 0.00% |
| VLTO | VERALTO CORP | $10.2M | 102,011 | 0.00% |
| ATEX | ANTERIX INC | $9.9M | 454,508 | 0.00% |
Added to (393)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| XBI | SPDR SERIES TRUST | $295.7M | 2,314,720 | 3.61% | +35% |
| MA | MASTERCARD INCORPORATED | $113.5M | 227,064 | 1.38% | +116% |
| AVGO | BROADCOM INC | $106.0M | 342,431 | 1.29% | +1013% |
| META | META PLATFORMS INC | $103.0M | 180,070 | 1.26% | +356% |
| ACHC | ACADIA HEALTHCARE COMPANY IN | $84.5M | 3,611,883 | 1.03% | +7% |
| ADP | AUTOMATIC DATA PROCESSING IN | $79.7M | 392,507 | 0.97% | +665% |
| WMT | WALMART INC | $78.5M | 631,267 | 0.96% | +25% |
| VNQ | VANGUARD INDEX FDS | $71.1M | 802,137 | 0.87% | +123% |
| JCI | JOHNSON CONTROLS INTERNATION | $68.7M | 524,615 | 0.84% | +21943% |
| ADI | ANALOG DEVICES INC | $68.2M | 214,282 | 0.83% | +5264% |
| APH | AMPHENOL CORP | $67.1M | 531,298 | 0.82% | +126% |
| HYG | ISHARES TR | $66.5M | 836,081 | 0.81% | +15699% |
| CAT | CATERPILLAR INC | $59.3M | 83,728 | 0.72% | +696% |
| COR | CENCORA INC | $57.0M | 181,340 | 0.69% | +52% |
| PPL | PPL CORP | $56.3M | 1,474,771 | 0.69% | +18339% |
Trimmed (484)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| BN | BROOKFIELD CORP | $71,794 | 1,774 | 0.00% | -100% |
| ROIV | ROIVANT SCIENCES LTD | $201,268 | 7,266 | 0.00% | -100% |
| RVMD | REVOLUTION MEDICINES INC | $242,153 | 2,490 | 0.00% | -100% |
| CORZ | CORE SCIENTIFIC INC NEW | $22,440 | 1,500 | 0.00% | -100% |
| INSM | INSMED INC | $572,320 | 3,500 | 0.01% | -100% |
| VNET | VNET GROUP INC | $67,120 | 8,000 | 0.00% | -100% |
| ZIM | ZIM INTEGRATED SHIPPING SERV | $153,700 | 5,833 | 0.00% | -99% |
| ARRY 1 12/01/28 | ARRAY TECHNOLOGIES INC | $11,684 | 13,000 | 0.00% | -99% |
| JLL | JONES LANG LASALLE INC | $2,435 | 8 | 0.00% | -99% |
| FRMI | FERMI INC | $156,454 | 26,790 | 0.00% | -99% |
| AON | AON PLC | $324,071 | 1,004 | 0.00% | -99% |
| PRGS | PROGRESS SOFTWARE CORP | $89,159 | 3,476 | 0.00% | -99% |
| BAM | BROOKFIELD ASSET MANAGMT LTD | $203,403 | 4,576 | 0.00% | -99% |
| CLSK | CLEANSPARK INC | $88,964 | 10,454 | 0.00% | -99% |
| SPOT | SPOTIFY TECHNOLOGY S A | $277,369 | 572 | 0.00% | -99% |
The book
Largest 150 of 1,376 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| SPY | STATE STR SPDR S&P 500 ETF T | $410.4M | 631,073 | 5.01% | — |
| XBI | SPDR SERIES TRUST | $295.7M | 2,314,720 | 3.61% | — |
| QQQ | INVESCO QQQ TR | $250.1M | 433,345 | 3.05% | — |
| IWM | ISHARES TR | $219.3M | 884,238 | 2.68% | — |
| NVDA | NVIDIA CORPORATION | $129.5M | 742,295 | 1.58% | — |
| AMZN | AMAZON COM INC | $115.3M | 553,735 | 1.41% | — |
| MA | MASTERCARD INCORPORATED | $113.5M | 227,064 | 1.38% | — |
| ASH | ASHLAND INC | $106.1M | 1,908,142 | 1.29% | — |
| AVGO | BROADCOM INC | $106.0M | 342,431 | 1.29% | — |
| META | META PLATFORMS INC | $103.0M | 180,070 | 1.26% | — |
| XRT | SPDR SERIES TRUST | $99.0M | 1,230,000 | 1.21% | — |
| PTCT | PTC THERAPEUTICS INC | $92.3M | 1,354,459 | 1.13% | — |
| ACHC | ACADIA HEALTHCARE COMPANY IN | $84.5M | 3,611,883 | 1.03% | — |
| ADP | AUTOMATIC DATA PROCESSING IN | $79.7M | 392,507 | 0.97% | — |
| WMT | WALMART INC | $78.5M | 631,267 | 0.96% | — |
| VNQ | VANGUARD INDEX FDS | $71.1M | 802,137 | 0.87% | — |
| JCI | JOHNSON CONTROLS INTERNATION | $68.7M | 524,615 | 0.84% | — |
| ADI | ANALOG DEVICES INC | $68.2M | 214,282 | 0.83% | — |
| APH | AMPHENOL CORP | $67.1M | 531,298 | 0.82% | — |
| HYG | ISHARES TR | $66.5M | 836,081 | 0.81% | — |
| HLMN | HILLMAN SOLUTIONS CORP | $66.5M | 7,988,203 | 0.81% | — |
| CAT | CATERPILLAR INC | $59.3M | 83,728 | 0.72% | — |
| COR | CENCORA INC | $57.0M | 181,340 | 0.69% | — |
| PPL | PPL CORP | $56.3M | 1,474,771 | 0.69% | — |
| TRS | TRIMAS CORP | $55.7M | 1,549,662 | 0.68% | — |
| LION | LIONSGATE STUDIOS CORP | $55.7M | 5,805,850 | 0.68% | — |
| TTE | TOTALENERGIES SE | $54.5M | 583,442 | 0.66% | — |
| AAPL | APPLE INC | $54.5M | 214,590 | 0.66% | — |
| TPR | TAPESTRY INC | $53.3M | 377,698 | 0.65% | — |
| VOO | VANGUARD INDEX FDS | $52.4M | 87,668 | 0.64% | — |
| BIL | SPDR SERIES TRUST | $51.3M | 559,760 | 0.63% | — |
| IBB | ISHARES TR | $51.0M | 302,307 | 0.62% | — |
| IMMATICS N.V | IMMATICS N.V | $49.8M | 5,059,551 | 0.61% | — |
| ALLE | ALLEGION PLC | $48.7M | 335,391 | 0.59% | — |
| PLD | PROLOGIS INC. | $48.3M | 365,081 | 0.59% | — |
| RSP | INVESCO EXCHANGE TRADED FD T | $45.4M | 236,366 | 0.55% | — |
| ABBV | ABBVIE INC | $45.3M | 208,359 | 0.55% | — |
| GDX | VANECK ETF TRUST | $45.0M | 490,468 | 0.55% | — |
| DVN | DEVON ENERGY CORP NEW | $44.3M | 880,024 | 0.54% | — |
| AMAT | APPLIED MATLS INC | $43.6M | 127,606 | 0.53% | — |
| MRK | MERCK & CO INC | $43.5M | 361,688 | 0.53% | — |
| ROST | ROSS STORES INC | $43.3M | 199,851 | 0.53% | — |
| ELV | ELEVANCE HEALTH INC FORMERLY | $42.6M | 145,647 | 0.52% | — |
| HD | HOME DEPOT INC | $42.5M | 129,181 | 0.52% | — |
| RTX | RTX CORPORATION | $42.0M | 217,780 | 0.51% | — |
| AMD | ADVANCED MICRO DEVICES INC | $40.7M | 200,254 | 0.50% | — |
| NSC | NORFOLK SOUTHN CORP | $39.6M | 138,093 | 0.48% | — |
| URGN | UROGEN PHARMA LTD | $39.5M | 2,199,652 | 0.48% | — |
| CERT | CERTARA INC | $39.1M | 6,858,209 | 0.48% | — |
| EXMOC | EXXON MOBIL CORP | $39.0M | 229,899 | 0.48% | — |
| TSLA | TESLA INC | $39.0M | 104,846 | 0.48% | — |
| AMGN | AMGEN INC | $38.1M | 108,330 | 0.46% | — |
| PLTR | PALANTIR TECHNOLOGIES INC | $37.8M | 258,544 | 0.46% | — |
| PNFP | PINNACLE FINL PARTNERS INC | $37.6M | 436,754 | 0.46% | — |
| IQV | IQVIA HLDGS INC | $37.3M | 218,675 | 0.45% | — |
| NFLX | NETFLIX INC. | $34.5M | 358,931 | 0.42% | — |
| GRAL | GRAIL INC | $34.0M | 657,500 | 0.41% | — |
| CXM | SPRINKLR INC | $33.7M | 5,617,911 | 0.41% | — |
| JAZZ | JAZZ PHARMACEUTICALS PLC | $33.2M | 175,599 | 0.40% | — |
| TIC | TIC SOLUTIONS INC | $32.9M | 5,000,000 | 0.40% | — |
| LMT | LOCKHEED MARTIN CORP | $32.3M | 53,520 | 0.39% | — |
| HONGBP | HONEYWELL INTL INC | $30.5M | 134,777 | 0.37% | — |
| SRE | SEMPRA | $30.1M | 310,028 | 0.37% | — |
| JPM | JPMORGAN CHASE & CO | $28.7M | 97,564 | 0.35% | — |
| BILL 0 04/01/30 | BILL HOLDINGS INC | $28.6M | 32,232,000 | 0.35% | — |
| CENX | CENTURY ALUM CO | $28.4M | 484,193 | 0.35% | — |
| DAVE | DAVE INC | $27.6M | 158,277 | 0.34% | — |
| TMO | THERMO FISHER SCIENTIFIC INC | $27.0M | 54,886 | 0.33% | — |
| BMRN | BIOMARIN PHARMACEUTICAL INC | $26.4M | 468,146 | 0.32% | — |
| ARES | ARES MANAGEMENT CORPORATION | $26.1M | 238,965 | 0.32% | — |
| KRE | SPDR SERIES TRUST | $26.1M | 400,048 | 0.32% | — |
| PFE | PFIZER INC | $25.9M | 923,320 | 0.32% | — |
| IMNM | IMMUNOME INC | $25.4M | 1,160,715 | 0.31% | — |
| SPHQ | INVESCO EXCHANGE TRADED FD T | $24.6M | 326,865 | 0.30% | — |
| GOOGL | ALPHABET INC | $24.4M | 84,691 | 0.30% | — |
| KVUE | KENVUE INC | $24.1M | 1,400,000 | 0.29% | — |
| ORCL | ORACLE CORP | $23.7M | 161,283 | 0.29% | — |
| GFL | GFL ENVIRONMENTAL INC | $23.4M | 560,121 | 0.29% | — |
| BLK | BLACKROCK INC | $23.3M | 24,237 | 0.28% | — |
| BPOP | POPULAR INC | $23.2M | 172,947 | 0.28% | — |
| GEL | GENESIS ENERGY L P | $23.0M | 1,288,561 | 0.28% | — |
| NNN | NNN REIT INC | $22.8M | 541,675 | 0.28% | — |
| BAC | BANK AMERICA CORP | $22.7M | 465,020 | 0.28% | — |
| CTAS | CINTAS CORP | $22.7M | 133,938 | 0.28% | — |
| ARGX | ARGENX SE | $21.9M | 30,005 | 0.27% | — |
| FANG | DIAMONDBACK ENERGY INC | $21.8M | 110,404 | 0.27% | — |
| LLY | ELI LILLY & CO | $21.2M | 23,030 | 0.26% | — |
| EMBC | EMBECTA CORP | $20.8M | 2,355,162 | 0.25% | — |
| GOOG | ALPHABET INC | $20.5M | 71,311 | 0.25% | — |
| VO | VANGUARD INDEX FDS | $20.1M | 70,000 | 0.25% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $20.0M | 41,823 | 0.24% | — |
| ARKG | ARK ETF TR | $19.8M | 750,821 | 0.24% | — |
| BNY | BANK NEW YORK MELLON CORP | $19.8M | 167,002 | 0.24% | — |
| HPE | HEWLETT PACKARD ENTERPRISE C | $19.7M | 826,500 | 0.24% | — |
| WPC | WP CAREY INC | $19.5M | 287,250 | 0.24% | — |
| QUAL | ISHARES TR | $19.4M | 101,167 | 0.24% | — |
| COST | COSTCO WHOLESALE CORPORATION | $19.3M | 19,337 | 0.24% | — |
| EFA | ISHARES TR | $19.2M | 197,726 | 0.23% | — |
| PH | PARKER-HANNIFIN CORP | $18.9M | 21,096 | 0.23% | — |
| HLNE | HAMILTON LANE INC | $18.9M | 189,688 | 0.23% | — |
| OTIS | OTIS WORLDWIDE CORP | $18.6M | 241,500 | 0.23% | — |
| BHF | BRIGHTHOUSE FINL INC | $18.2M | 304,707 | 0.22% | — |
| JNJ | JOHNSON & JOHNSON | $18.2M | 74,627 | 0.22% | — |
| XLV | SELECT SECTOR SPDR TR | $18.2M | 124,130 | 0.22% | — |
| SOFI | SOFI TECHNOLOGIES INC | $18.0M | 1,134,805 | 0.22% | — |
| XLI | SELECT SECTOR SPDR TR | $17.8M | 110,225 | 0.22% | — |
| CTRA | COTERRA ENERGY INC | $17.6M | 501,945 | 0.22% | — |
| MSTR | STRATEGY INC | $17.6M | 140,751 | 0.21% | — |
| IEF | ISHARES TR | $17.3M | 181,439 | 0.21% | — |
| PRCH | PORCH GROUP INC | $17.3M | 2,412,555 | 0.21% | — |
| RIVN 4.625 03/15/29 | RIVIAN AUTOMOTIVE INC | $17.2M | 15,977,000 | 0.21% | — |
| BKNG | BOOKING HOLDINGS INC | $17.0M | 4,039 | 0.21% | — |
| DNTH | DIANTHUS THERAPEUTICS INC | $17.0M | 202,410 | 0.21% | — |
| VSTS | VESTIS CORPORATION | $17.0M | 2,161,093 | 0.21% | — |
| NIO 4.625 10/15/30 | NIO INC | $16.4M | 16,401,000 | 0.20% | — |
| XLK | SELECT SECTOR SPDR TR | $16.2M | 121,996 | 0.20% | — |
| A | AGILENT TECHNOLOGIES INC | $15.8M | 138,826 | 0.19% | — |
| INSP | INSPIRE MED SYS INC | $15.8M | 306,423 | 0.19% | — |
| ABT | ABBOTT LABORATORIES | $15.7M | 152,899 | 0.19% | — |
| PR | PERMIAN RESOURCES CORP | $15.5M | 728,397 | 0.19% | — |
| INDV | INDIVIOR PHARMACEUTICALS INC | $15.5M | 507,909 | 0.19% | — |
| QCOM | QUALCOMM INC | $15.1M | 117,003 | 0.18% | — |
| GH 1.25 02/15/31 | GUARDANT HEALTH INC | $14.9M | 8,843,000 | 0.18% | — |
| FLEXTRONICS INTL LTD | FLEXTRONICS INTL LTD | $14.8M | 226,635 | 0.18% | — |
| EEM | ISHARES TR | $14.6M | 257,169 | 0.18% | — |
| JBLU 2.5 09/01/29 | JETBLUE AIRWAYS CORP | $14.5M | 14,918,000 | 0.18% | — |
| XLP | SELECT SECTOR SPDR TR | $14.5M | 176,496 | 0.18% | — |
| CTMX | CYTOMX THERAPEUTICS INC. | $14.4M | 3,067,864 | 0.18% | — |
| KDP | KEURIG DR PEPPER INC | $14.4M | 546,810 | 0.18% | — |
| COP | CONOCOPHILLIPS | $14.3M | 108,634 | 0.17% | — |
| ACWI | ISHARES TR | $14.1M | 102,058 | 0.17% | — |
| TDAY | USA TODAY CO INC | $14.1M | 2,000,000 | 0.17% | — |
| NWS | NEWS CORP NEW | $14.1M | 494,432 | 0.17% | — |
| NTNX 0.5 12/15/29 | NUTANIX INC | $13.9M | 15,377,000 | 0.17% | — |
| IWD | ISHARES TR | $13.9M | 64,927 | 0.17% | — |
| MU | MICRON TECHNOLOGY INC | $13.6M | 40,249 | 0.17% | — |
| DUK | DUKE ENERGY CORP NEW | $13.2M | 101,031 | 0.16% | — |
| GEHC | GE HEALTHCARE TECHNOLOGIES I | $13.0M | 183,188 | 0.16% | — |
| NEE | NEXTERA ENERGY INC | $12.9M | 139,373 | 0.16% | — |
| XLE | SELECT SECTOR SPDR TR | $12.7M | 207,652 | 0.16% | — |
| CEG | CONSTELLATION ENERGY CORP | $12.6M | 45,090 | 0.15% | — |
| ZD 3.625 03/01/28 | ZIFF DAVIS INC | $12.5M | 12,700,000 | 0.15% | — |
| GILD | GILEAD SCIENCES INC | $12.5M | 89,485 | 0.15% | — |
| CVX | CHEVRON CORPORATION | $12.4M | 60,153 | 0.15% | — |
| ABNB | AIRBNB INC | $12.3M | 97,339 | 0.15% | — |
| FDX | FEDEX CORP | $12.2M | 34,200 | 0.15% | — |
| AXP | AMERICAN EXPRESS CO | $11.9M | 39,502 | 0.15% | — |
| TGT | TARGET CORP | $11.4M | 93,901 | 0.14% | — |
| XME | SPDR SERIES TRUST | $11.3M | 104,700 | 0.14% | — |
| TTWO | TAKE-TWO INTERACTIVE SOFTWAR | $11.2M | 56,655 | 0.14% | — |
This table is the 150 largest positions by value, out of 1,376 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 316 options positions with a combined notional of $6.4B. 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 Jefferies Financial Group Inc. (CIK 96223, accession 0000096223-26-000018). 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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