13F holdings
JENNISON ASSOCIATES LLC portfolio
Managed by . 562 reported positions worth $145.4B as of 2026-03-31, filed with the SEC on 2026-05-06. Parsed from the filing itself, not a reseller.
$145.4B
Book value
562
Positions
46%
Top 10 weight
+81
New this quarter
-93
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 36 days old on 2026-05-06, 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 (81)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| PLTR | PALANTIR TECHNOLOGIES INC | $1.6B | 10,760,942 | 1.08% |
| KLAC | KLA CORP | $566.1M | 384,456 | 0.39% |
| CRS | CARPENTER TECHNOLOGY CORP | $317.4M | 805,306 | 0.22% |
| NBIS | NEBIUS GROUP N.V. | $176.4M | 1,700,223 | 0.12% |
| AZN | ASTRAZENECA PLC | $130.9M | 663,945 | 0.09% |
| ESLT | ELBIT SYS LTD | $128.1M | 150,909 | 0.09% |
| MU | MICRON TECHNOLOGY INC | $116.2M | 344,048 | 0.08% |
| CVNA | CARVANA CO | $98.4M | 313,110 | 0.07% |
| CRWV | COREWEAVE INC | $95.1M | 1,228,027 | 0.07% |
| REGN | REGENERON PHARMACEUTICALS | $89.0M | 115,199 | 0.06% |
| CHRD | CHORD ENERGY CORPORATION | $60.2M | 423,338 | 0.04% |
| DOW | DOW HLDGS INC | $57.8M | 1,386,562 | 0.04% |
| WULF | TERAWULF INC | $53.4M | 3,701,895 | 0.04% |
| GKOS | GLAUKOS CORP | $52.4M | 487,020 | 0.04% |
| AUGO | AURA MINERALS INC | $50.4M | 617,378 | 0.03% |
| DNTH | DIANTHUS THERAPEUTICS INC | $40.7M | 485,136 | 0.03% |
| NIC | NICOLET BANKSHARES INC | $31.8M | 213,927 | 0.02% |
| 430 | TERNS PHARMACEUTICALS INC | $26.4M | 501,419 | 0.02% |
| MWH | SOLV ENERGY INC | $26.0M | 864,823 | 0.02% |
| TYRA | TYRA BIOSCIENCES INC | $24.2M | 632,432 | 0.02% |
| VIAV | VIAVI SOLUTIONS INC | $22.8M | 684,480 | 0.02% |
| TDG | TRANSDIGM GROUP INC | $20.5M | 17,697 | 0.01% |
| ABT | ABBOTT LABORATORIES | $19.5M | 189,890 | 0.01% |
| VG | VENTURE GLOBAL INC | $14.5M | 917,509 | 0.01% |
| BG | BUNGE GLOBAL SA | $14.3M | 112,699 | 0.01% |
Closed out (93)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| AZNN | ASTRAZENECA PLC | $309.1M | 3,362,846 | 0.00% |
| SE | SEA LTD | $206.6M | 1,619,291 | 0.00% |
| CYBR | CYBERARK SOFTWARE LTD | $191.8M | 429,883 | 0.00% |
| ICLR | ICON PLC | $123.5M | 677,981 | 0.00% |
| ALNY | ALNYLAM PHARMACEUTICALS INC | $110.5M | 277,759 | 0.00% |
| RYTM | RHYTHM PHARMACEUTICALS INC | $98.3M | 918,567 | 0.00% |
| VEEV | VEEVA SYS INC | $92.4M | 413,826 | 0.00% |
| MAKEMYTRIP LIMITED MAURI | MAKEMYTRIP LIMITED MAURITIUS | $66.9M | 814,722 | 0.00% |
| FOUR | SHIFT4 PMTS INC | $58.3M | 925,232 | 0.00% |
| SOLV | SOLVENTUM CORP | $49.6M | 625,764 | 0.00% |
| ACVA | ACV AUCTIONS INC | $46.2M | 5,766,578 | 0.00% |
| PINS | PINTEREST INC | $45.8M | 1,768,597 | 0.00% |
| BX | BLACKSTONE INC | $40.3M | 261,761 | 0.00% |
| WGS | GENEDX HOLDINGS CORP | $39.3M | 302,149 | 0.00% |
| BZ | KANZHUN LIMITED | $38.5M | 1,891,265 | 0.00% |
| APLSUSD | APELLIS PHARMACEUTICALS INC | $37.8M | 1,504,299 | 0.00% |
| CWAN | CLEARWATER ANALYTICS HLDGS I | $36.2M | 1,501,384 | 0.00% |
| STEVANATO GROUP S P A | STEVANATO GROUP S P A | $35.7M | 1,772,896 | 0.00% |
| VRNS | VARONIS SYS INC | $34.0M | 1,036,934 | 0.00% |
| PLYM | PLYMOUTH INDL REIT INC | $33.5M | 1,532,682 | 0.00% |
| NAVN | NAVAN INC | $31.2M | 1,826,419 | 0.00% |
| TCOM | TRIP COM GROUP LTD | $26.6M | 369,952 | 0.00% |
| TME | TENCENT MUSIC ENTMT GROUP | $26.5M | 1,508,978 | 0.00% |
| PDD | PDD HOLDINGS INC | $24.2M | 213,348 | 0.00% |
| MOFG | MIDWESTONE FINL GROUP INC NE | $19.9M | 517,960 | 0.00% |
Added to (191)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| AVGO | BROADCOM INC | $7.1B | 22,783,092 | 4.85% | +4% |
| GE | GE AEROSPACE | $3.1B | 11,026,006 | 2.15% | +38% |
| MA | MASTERCARD INCORPORATED | $2.6B | 5,123,041 | 1.76% | +10% |
| COST | COSTCO WHOLESALE CORPORATION | $2.3B | 2,312,440 | 1.58% | +4% |
| NET | CLOUDFLARE INC | $906.8M | 4,394,484 | 0.62% | +136% |
| GEV | GE VERNOVA INC | $789.7M | 904,703 | 0.54% | +40% |
| MRK | MERCK & CO INC | $751.7M | 6,249,337 | 0.52% | +12% |
| LRCX | LAM RESEARCH CORP | $720.7M | 3,373,306 | 0.50% | +297% |
| TJX | TJX COS INC NEW | $526.6M | 3,297,139 | 0.36% | +83% |
| TXN | TEXAS INSTRS INC | $448.8M | 2,311,547 | 0.31% | +13% |
| ABNB | AIRBNB INC | $400.7M | 3,172,959 | 0.28% | +9331% |
| BE | BLOOM ENERGY CORP | $364.1M | 2,687,029 | 0.25% | +20074% |
| PNC | PNC FINL SVCS GROUP INC | $292.1M | 1,403,630 | 0.20% | +15% |
| RTX | RTX CORPORATION | $266.0M | 1,378,798 | 0.18% | +37% |
| PH | PARKER-HANNIFIN CORP | $234.5M | 261,912 | 0.16% | +152% |
Trimmed (258)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| EXE | EXPAND ENERGY CORPORATION | $353,721 | 3,222 | 0.00% | -100% |
| NOW | SERVICENOW INC | $7.3M | 70,061 | 0.01% | -99% |
| KKR | KKR & CO INC | $2.3M | 24,502 | 0.00% | -99% |
| MAA | MID-AMER APT CMNTYS INC | $583,245 | 4,776 | 0.00% | -98% |
| VRDN | VIRIDIAN THERAPEUTICS INC | $548,834 | 28,059 | 0.00% | -98% |
| C | CITIGROUP INC | $2.2M | 19,352 | 0.00% | -97% |
| FSLR | FIRST SOLAR INC | $477,677 | 2,422 | 0.00% | -96% |
| APO | APOLLO GLOBAL MGMT INC | $547,782 | 4,916 | 0.00% | -94% |
| RSKD | RISKIFIED LTD | $2.8M | 702,906 | 0.00% | -85% |
| BSX | BOSTON SCIENTIFIC CORP | $56.3M | 897,775 | 0.04% | -84% |
| GH | GUARDANT HEALTH INC | $18.8M | 203,778 | 0.01% | -83% |
| DXCM | DEXCOM INC | $65.8M | 1,048,097 | 0.05% | -82% |
| VT | VANGUARD INTL EQUITY INDEX F | $1.2M | 8,802 | 0.00% | -82% |
| TOST | TOAST INC | $85.5M | 3,226,502 | 0.06% | -79% |
| RSG | REPUBLIC SVCS INC | $10.2M | 46,501 | 0.01% | -74% |
The book
Largest 150 of 562 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPORATION | $12.9B | 73,978,086 | 8.87% | — |
| AMZN | AMAZON COM INC | $8.6B | 41,507,558 | 5.94% | — |
| AAPL | APPLE INC | $8.5B | 33,589,491 | 5.86% | — |
| AVGO | BROADCOM INC | $7.1B | 22,783,092 | 4.85% | — |
| MSFT | MICROSOFT CORP | $6.6B | 17,883,560 | 4.55% | — |
| GOOGL | ALPHABET INC | $5.7B | 19,856,010 | 3.93% | — |
| LLY | ELI LILLY & CO | $4.7B | 5,060,878 | 3.20% | — |
| META | META PLATFORMS INC | $4.5B | 7,865,939 | 3.09% | — |
| GOOG | ALPHABET INC | $4.1B | 14,315,477 | 2.82% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $4.1B | 12,021,825 | 2.79% | — |
| TSLA | TESLA INC | $3.7B | 9,969,940 | 2.55% | — |
| GE | GE AEROSPACE | $3.1B | 11,026,006 | 2.15% | — |
| NFLX | NETFLIX INC. | $2.7B | 27,996,134 | 1.85% | — |
| MA | MASTERCARD INCORPORATED | $2.6B | 5,123,041 | 1.76% | — |
| WMT | WALMART INC | $2.5B | 19,951,179 | 1.71% | — |
| COST | COSTCO WHOLESALE CORPORATION | $2.3B | 2,312,440 | 1.58% | — |
| V | VISA INC | $2.1B | 6,922,544 | 1.44% | — |
| BA | BOEING CO | $2.0B | 10,232,501 | 1.40% | — |
| SHOP | SHOPIFY INC | $1.9B | 16,299,259 | 1.33% | — |
| AMD | ADVANCED MICRO DEVICES INC | $1.9B | 9,427,377 | 1.32% | — |
| CEG | CONSTELLATION ENERGY CORP | $1.8B | 6,604,433 | 1.27% | — |
| CDNS | CADENCE DESIGN SYSTEM INC | $1.6B | 5,761,905 | 1.10% | — |
| PLTR | PALANTIR TECHNOLOGIES INC | $1.6B | 10,760,942 | 1.08% | — |
| CRWD | CROWDSTRIKE HLDGS INC | $1.5B | 3,829,124 | 1.03% | — |
| ISRG | INTUITIVE SURGICAL INC | $1.4B | 3,041,010 | 0.96% | — |
| SPOT | SPOTIFY TECHNOLOGY S A | $1.3B | 2,778,849 | 0.93% | — |
| DIS | DISNEY WALT CO | $1.3B | 13,826,532 | 0.92% | — |
| APH | AMPHENOL CORP | $1.3B | 10,238,520 | 0.89% | — |
| VRTX | VERTEX PHARMACEUTICALS INC | $1.2B | 2,740,059 | 0.84% | — |
| GS | GOLDMAN SACHS GROUP INC | $1.1B | 1,322,121 | 0.77% | — |
| SNOW | SNOWFLAKE INC | $1.1B | 7,164,080 | 0.74% | — |
| EW | EDWARDS LIFESCIENCES CORP | $1.0B | 13,066,274 | 0.72% | — |
| ORCL | ORACLE CORP | $1.0B | 6,935,065 | 0.70% | — |
| HLT | HILTON WORLDWIDE HLDGS INC | $986.9M | 3,245,568 | 0.68% | — |
| APP | APPLOVIN CORP | $915.8M | 2,300,905 | 0.63% | — |
| NET | CLOUDFLARE INC | $906.8M | 4,394,484 | 0.62% | — |
| ORLY | OREILLY AUTOMOTIVE INC | $854.2M | 9,253,729 | 0.59% | — |
| GEV | GE VERNOVA INC | $789.7M | 904,703 | 0.54% | — |
| MRK | MERCK & CO INC | $751.7M | 6,249,337 | 0.52% | — |
| LRCX | LAM RESEARCH CORP | $720.7M | 3,373,306 | 0.50% | — |
| DDOG | DATADOG INC | $699.2M | 5,922,887 | 0.48% | — |
| KLAC | KLA CORP | $566.1M | 384,456 | 0.39% | — |
| MELI | MERCADOLIBRE INC | $551.1M | 318,708 | 0.38% | — |
| NEE | NEXTERA ENERGY INC | $546.9M | 5,888,264 | 0.38% | — |
| TJX | TJX COS INC NEW | $526.6M | 3,297,139 | 0.36% | — |
| NU | NU HLDGS LTD | $515.2M | 35,850,092 | 0.35% | — |
| TXN | TEXAS INSTRS INC | $448.8M | 2,311,547 | 0.31% | — |
| NI | NISOURCE INC | $430.3M | 9,221,560 | 0.30% | — |
| JPM | JPMORGAN CHASE & CO | $407.0M | 1,383,648 | 0.28% | — |
| ABNB | AIRBNB INC | $400.7M | 3,172,959 | 0.28% | — |
| BE | BLOOM ENERGY CORP | $364.1M | 2,687,029 | 0.25% | — |
| AXON | AXON ENTERPRISE INC | $351.1M | 826,680 | 0.24% | — |
| CNP | CENTERPOINT ENERGY INC | $324.4M | 7,517,003 | 0.22% | — |
| SHEL | SHELL PLC | $320.3M | 3,444,210 | 0.22% | — |
| EMBJ | EMBRAER S.A. | $319.5M | 5,383,720 | 0.22% | — |
| CRS | CARPENTER TECHNOLOGY CORP | $317.4M | 805,306 | 0.22% | — |
| PNC | PNC FINL SVCS GROUP INC | $292.1M | 1,403,630 | 0.20% | — |
| CSCO | CISCO SYS INC | $277.8M | 3,580,283 | 0.19% | — |
| UBER | UBER TECHNOLOGIES INC | $272.1M | 3,782,456 | 0.19% | — |
| RTX | RTX CORPORATION | $266.0M | 1,378,798 | 0.18% | — |
| EGO | ELDORADO GOLD CORP NEW | $256.8M | 7,480,848 | 0.18% | — |
| LNG | CHENIERE ENERGY INC | $235.3M | 829,221 | 0.16% | — |
| PH | PARKER-HANNIFIN CORP | $234.5M | 261,912 | 0.16% | — |
| ABBV | ABBVIE INC | $231.1M | 1,062,732 | 0.16% | — |
| VST | VISTRA CORP | $228.9M | 1,522,432 | 0.16% | — |
| NOC | NORTHROP GRUMMAN CORP | $228.6M | 335,065 | 0.16% | — |
| KEYS | KEYSIGHT TECHNOLOGIES INC | $225.0M | 796,930 | 0.15% | — |
| ETR | ENTERGY CORP NEW | $220.8M | 1,965,259 | 0.15% | — |
| IDA | IDACORP INC | $214.1M | 1,497,342 | 0.15% | — |
| SRE | SEMPRA | $205.2M | 2,112,069 | 0.14% | — |
| RL | RALPH LAUREN CORP | $204.2M | 593,537 | 0.14% | — |
| EXMOC | EXXON MOBIL CORP | $204.1M | 1,202,981 | 0.14% | — |
| MTB | M & T BK CORP | $201.6M | 975,309 | 0.14% | — |
| WMB | WILLIAMS COS INC | $200.5M | 2,754,878 | 0.14% | — |
| GLPI | GAMING & LEISURE P | $194.3M | 4,378,409 | 0.13% | — |
| TOL | TOLL BROTHERS INC | $193.6M | 1,418,543 | 0.13% | — |
| PLD | PROLOGIS INC. | $187.0M | 1,414,743 | 0.13% | — |
| SO | SOUTHERN CO | $186.3M | 1,930,415 | 0.13% | — |
| TFC | TRUIST FINL CORP | $185.0M | 4,024,305 | 0.13% | — |
| MET | METLIFE INC | $183.6M | 2,596,458 | 0.13% | — |
| UNH | UNITEDHEALTH GROUP INC | $178.1M | 658,056 | 0.12% | — |
| NBIS | NEBIUS GROUP N.V. | $176.4M | 1,700,223 | 0.12% | — |
| GILD | GILEAD SCIENCES INC | $176.2M | 1,264,546 | 0.12% | — |
| GM | GENERAL MTRS CO | $175.6M | 2,356,882 | 0.12% | — |
| ARGX | ARGENX SE | $173.4M | 237,468 | 0.12% | — |
| CB | CHUBB LTD SWITZ | $169.6M | 520,383 | 0.12% | — |
| UNP | UNION PAC CORP | $168.2M | 693,249 | 0.12% | — |
| SRRK | SCHOLAR ROCK HLDG CORP | $164.2M | 3,340,492 | 0.11% | — |
| PCG | PG&E CORP | $157.1M | 8,942,524 | 0.11% | — |
| AEE | AMEREN CORP | $154.9M | 1,409,566 | 0.11% | — |
| IBM | INTERNATIONAL BUSINESS MACHS | $154.2M | 636,258 | 0.11% | — |
| XEL | XCEL ENERGY INC | $152.6M | 1,921,483 | 0.10% | — |
| ASML | ASML HLDG NV | $152.6M | 115,553 | 0.10% | — |
| JCI | JOHNSON CONTROLS INTERNATION | $151.2M | 1,154,315 | 0.10% | — |
| DELL | DELL TECHNOLOGIES INC | $140.4M | 855,260 | 0.10% | — |
| BAC | BANK AMERICA CORP | $140.0M | 2,872,458 | 0.10% | — |
| MKL | MARKEL GROUP INC | $136.7M | 71,444 | 0.09% | — |
| LNC | LINCOLN NATL CORP IND | $135.7M | 3,823,152 | 0.09% | — |
| EBC | EASTERN BANKSHARES INC | $133.9M | 6,846,216 | 0.09% | — |
| COR | CENCORA INC | $133.9M | 426,092 | 0.09% | — |
| PR | PERMIAN RESOURCES CORP | $132.8M | 6,230,034 | 0.09% | — |
| GPOR | GULFPORT ENERGY CORP | $131.4M | 620,847 | 0.09% | — |
| AZN | ASTRAZENECA PLC | $130.9M | 663,945 | 0.09% | — |
| EWBC | EAST WEST BANCORP INC | $130.8M | 1,225,115 | 0.09% | — |
| FIVE | FIVE BELOW INC | $128.6M | 562,950 | 0.09% | — |
| ESLT | ELBIT SYS LTD | $128.1M | 150,909 | 0.09% | — |
| LSCC | LATTICE SEMICONDUCTOR CORP | $127.3M | 1,372,584 | 0.09% | — |
| LNT | ALLIANT ENERGY CORP | $126.7M | 1,766,167 | 0.09% | — |
| CMS | CMS ENERGY CORP | $123.2M | 1,587,659 | 0.08% | — |
| PEG | PUBLIC SVC ENTERPRISE GROUP | $121.6M | 1,502,604 | 0.08% | — |
| TARS | TARSUS PHARMACEUTICALS INC | $120.1M | 1,712,124 | 0.08% | — |
| WTFC | WINTRUST FINL CORP | $117.9M | 848,645 | 0.08% | — |
| CPT | CAMDEN PPTY TR | $117.9M | 1,206,854 | 0.08% | — |
| ARQT | ARCUTIS BIOTHERAPEUTICS INC | $117.3M | 4,980,770 | 0.08% | — |
| TMO | THERMO FISHER SCIENTIFIC INC | $117.2M | 238,402 | 0.08% | — |
| MU | MICRON TECHNOLOGY INC | $116.2M | 344,048 | 0.08% | — |
| ONTO | ONTO INNOVATION INC | $115.7M | 564,305 | 0.08% | — |
| PTGX | PROTAGONIST THERAPEUTICS INC | $113.0M | 1,072,011 | 0.08% | — |
| CVX | CHEVRON CORPORATION | $110.6M | 534,696 | 0.08% | — |
| AAMI | ACADIAN ASSET MANAGEMENT INC | $110.0M | 2,022,207 | 0.08% | — |
| FTI | TECHNIPFMC PLC | $109.8M | 1,588,524 | 0.08% | — |
| AXS | AXIS CAP HLDGS LTD | $108.7M | 1,071,887 | 0.07% | — |
| ABCB | AMERIS BANCORP | $108.4M | 1,390,012 | 0.07% | — |
| TSEM | TOWER SEMICONDUCTOR LTD | $108.0M | 615,216 | 0.07% | — |
| BURL | BURLINGTON STORES INC | $106.3M | 326,600 | 0.07% | — |
| T | AT&T INC | $105.7M | 3,647,490 | 0.07% | — |
| EXC | EXELON CORP | $105.4M | 2,150,558 | 0.07% | — |
| NDSN | NORDSON CORP | $103.3M | 388,110 | 0.07% | — |
| VLO | VALERO ENERGY CORP | $102.2M | 413,437 | 0.07% | — |
| CHDN | CHURCHILL DOWNS INC | $101.9M | 1,134,718 | 0.07% | — |
| GNRC | GENERAC HLDGS INC | $101.7M | 520,628 | 0.07% | — |
| ESI | ELEMENT SOLUTIONS INC | $101.7M | 2,977,958 | 0.07% | — |
| RNR | RENAISSANCERE HLDGS LTD | $101.2M | 340,577 | 0.07% | — |
| KEX | KIRBY CORP | $100.7M | 758,029 | 0.07% | — |
| HOOD | ROBINHOOD MKTS INC | $100.5M | 1,449,702 | 0.07% | — |
| AMAT | APPLIED MATLS INC | $99.9M | 292,287 | 0.07% | — |
| INSM | INSMED INC | $98.9M | 604,694 | 0.07% | — |
| PCVX | VAXCYTE INC | $98.7M | 1,698,011 | 0.07% | — |
| CVNA | CARVANA CO | $98.4M | 313,110 | 0.07% | — |
| RBC | RBC BEARINGS INC | $97.4M | 179,339 | 0.07% | — |
| HXL | HEXCEL CORP NEW | $95.8M | 1,184,316 | 0.07% | — |
| CRWV | COREWEAVE INC | $95.1M | 1,228,027 | 0.07% | — |
| CAT | CATERPILLAR INC | $92.0M | 129,906 | 0.06% | — |
| UE | URBAN EDGE PPTYS | $91.6M | 4,585,256 | 0.06% | — |
| ROK | ROCKWELL AUTOMATION INC | $89.8M | 250,085 | 0.06% | — |
| VSEC | VSE CORP | $89.4M | 484,836 | 0.06% | — |
| REGN | REGENERON PHARMACEUTICALS | $89.0M | 115,199 | 0.06% | — |
| GATES INDL CORP PLC | GATES INDL CORP PLC | $88.3M | 3,904,247 | 0.06% | — |
| NAMS | NEWAMSTERDAM PHARMA COMPANY | $88.0M | 2,750,403 | 0.06% | — |
| PPL | PPL CORP | $88.0M | 2,303,982 | 0.06% | — |
This table is the 150 largest positions by value, out of 562 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 JENNISON ASSOCIATES LLC (CIK 53417, accession 0000053417-26-000040). 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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