13F holdings
Lido Advisors, LLC portfolio
Managed by . 1,743 reported positions worth $25.5B as of 2026-03-31, filed with the SEC on 2026-05-13. Parsed from the filing itself, not a reseller.
$25.5B
Book value
1,743
Positions
38%
Top 10 weight
+211
New this quarter
-137
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 (211)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| DFAU | DIMENSIONAL ETF TRUST | $16.2M | 358,487 | 0.06% |
| CRCL | CIRCLE INTERNET GROUP INC | $10.3M | 108,422 | 0.04% |
| IAT | ISHARES TR | $10.3M | 190,938 | 0.04% |
| AKRE | PROFESIONALLY MANAGED PORTFO | $8.7M | 164,419 | 0.03% |
| AZN | ASTRAZENECA PLC | $8.3M | 42,073 | 0.03% |
| BBBS | BONDBLOXX ETF TRUST | $6.6M | 129,558 | 0.03% |
| PB | PROSPERITY BANCSHARES INC | $4.6M | 68,141 | 0.02% |
| AM | ANTERO MIDSTREAM CORP | $4.1M | 178,939 | 0.02% |
| NU | NU HLDGS LTD | $3.6M | 253,280 | 0.01% |
| BPRE | BLUEROCK PVT REAL ESTATE FD | $3.6M | 216,137 | 0.01% |
| IBMS | ISHARES TR | $3.2M | 124,598 | 0.01% |
| DFAE | DIMENSIONAL ETF TRUST | $2.6M | 77,311 | 0.01% |
| ET 9.25 PERP I | ENERGY TRANSFER L P | $2.4M | 204,771 | 0.01% |
| AES | AES CORP | $2.2M | 153,270 | 0.01% |
| FBND | FIDELITY MERRIMACK STR TR | $2.0M | 43,578 | 0.01% |
| XVV | ISHARES TR | $1.9M | 39,312 | 0.01% |
| MUSA | MURPHY USA INC | $1.9M | 3,867 | 0.01% |
| TARS | TARSUS PHARMACEUTICALS INC | $1.7M | 24,374 | 0.01% |
| BCTK | BARON ETF TR | $1.4M | 60,245 | 0.01% |
| RPAR | TIDAL TRUST I | $1.4M | 61,018 | 0.01% |
| FLMI | FRANKLIN TEMPLETON ETF TR | $1.3M | 54,252 | 0.01% |
| LMND | LEMONADE INC | $1.3M | 21,020 | 0.01% |
| DAR | DARLING INGREDIENTS INC | $1.2M | 20,135 | 0.00% |
| DMXF | ISHARES TR | $1.2M | 16,071 | 0.00% |
| NCLH | NORWEGIAN CRUISE LINE HLDGS | $1.1M | 58,853 | 0.00% |
Closed out (137)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| AZNN | ASTRAZENECA PLC | $11.0M | 131,762 | 0.00% |
| MSTR | STRATEGY INC | $7.3M | 22,799 | 0.00% |
| DUOL | DUOLINGO INC | $3.3M | 10,387 | 0.00% |
| CMA | COMERICA INC | $3.1M | 36,651 | 0.00% |
| INOD | INNODATA INC | $2.5M | 32,020 | 0.00% |
| 62C | PIPER SANDLER COMPANIES | $2.1M | 6,075 | 0.00% |
| HUBS | HUBSPOT INC | $2.0M | 4,390 | 0.00% |
| SCHH | SCHWAB STRATEGIC TR | $1.8M | 83,161 | 0.00% |
| TTD | THE TRADE DESK INC | $1.6M | 33,709 | 0.00% |
| SPTI | SPDR SERIES TRUST | $1.5M | 50,247 | 0.00% |
| XAI OCTAGN FLT RAT & ALT | XAI OCTAGN FLT RAT & ALT INM | $1.3M | 247,782 | 0.00% |
| HO1 | HOLOGIC INC | $1.3M | 19,447 | 0.00% |
| EMN | EASTMAN CHEM CO | $1.3M | 20,313 | 0.00% |
| BLACKROCK MUNIHLDGS NY Q | BLACKROCK MUNIHLDGS NY QLTY | $1.2M | 117,123 | 0.00% |
| FOUR | SHIFT4 PMTS INC | $1.2M | 15,488 | 0.00% |
| NMRK | NEWMARK GROUP INC | $1.2M | 64,089 | 0.00% |
| CELH | CELSIUS HLDGS INC | $1.2M | 21,598 | 0.00% |
| EXK | EXACT SCIENCES CORP | $1.1M | 12,382 | 0.00% |
| IAGG | ISHARES TR | $1.1M | 21,295 | 0.00% |
| DDD | 3-D SYS CORP DEL | $976,882 | 336,856 | 0.00% |
| QQQI | NEOS ETF TRUST | $860,427 | 15,875 | 0.00% |
| CYBR | CYBERARK SOFTWARE LTD | $842,901 | 1,745 | 0.00% |
| PFD | FLAHERTY & CRUMRINE PFD INCO | $803,898 | 66,880 | 0.00% |
| SOUN | SOUNDHOUND AI INC | $795,520 | 49,967 | 0.00% |
| QLTY | GMO ETF TRUST | $768,888 | 21,200 | 0.00% |
Added to (629)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| SPY | STATE STR SPDR S&P 500 ETF T | $2.8B | 4,336,222 | 11.09% | +26% |
| BSCR | INVESCO EXCH TRD SLF IDX FD | $1.4B | 70,691,925 | 5.49% | +6% |
| MSFT | MICROSOFT CORP | $709.6M | 1,917,002 | 2.78% | +3% |
| FTEC | FIDELITY COVINGTON TRUST | $452.7M | 2,175,818 | 1.78% | +4% |
| IVW | ISHARES TR | $438.2M | 3,873,907 | 1.72% | +2% |
| IVE | ISHARES TR | $410.5M | 1,944,079 | 1.61% | +4% |
| MYCH | SSGA ACTIVE TR | $306.7M | 12,291,898 | 1.20% | +5491% |
| QQQ | INVESCO QQQ TR | $259.0M | 448,675 | 1.02% | +15% |
| TEND | ISHARES TR | $172.4M | 6,967,513 | 0.68% | +12547% |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $155.8M | 325,156 | 0.61% | +1% |
| VGT | VANGUARD WORLD FD | $152.5M | 218,616 | 0.60% | +9% |
| FHLC | FIDELITY COVINGTON TRUST | $152.0M | 2,160,071 | 0.60% | +6% |
| BSCU | INVESCO EXCH TRD SLF IDX FD | $141.1M | 8,438,015 | 0.55% | +7% |
| FDIS | FIDELITY COVINGTON TRUST | $140.2M | 1,503,754 | 0.55% | +1% |
| COST | COSTCO WHOLESALE CORPORATION | $119.9M | 120,300 | 0.47% | +5% |
Trimmed (699)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| TENM | ISHARES TR | $3.0M | 120,045 | 0.01% | -98% |
| OMC | OMNICOM GROUP INC | $597,473 | 7,863 | 0.00% | -92% |
| QQQM | INVESCO EXCH TRADED FD TR II | $1.3M | 5,292 | 0.00% | -91% |
| REM | ISHARES TR | $282,222 | 13,145 | 0.00% | -91% |
| NVO | NOVO-NORDISK A S | $1.0M | 27,574 | 0.00% | -88% |
| AFB | ALLIANCEBERNSTEIN NATL MUN I | $401,288 | 37,538 | 0.00% | -88% |
| SPMB | SPDR SERIES TRUST | $608,224 | 27,165 | 0.00% | -88% |
| HST | HOST HOTELS & RESORTS INC | $194,593 | 10,086 | 0.00% | -87% |
| OIH | VANECK ETF TRUST | $431,837 | 1,068 | 0.00% | -86% |
| SBAC | SBA COMMUNICATIONS CORP | $1.9M | 11,210 | 0.01% | -86% |
| SPTL | SPDR SERIES TRUST | $429,231 | 16,320 | 0.00% | -83% |
| PSKY | PARAMOUNT SKYDANCE CORP | $92,913 | 10,242 | 0.00% | -82% |
| QTAP | INNOVATOR ETFS TRUST | $443,688 | 9,783 | 0.00% | -82% |
| KOMP | SPDR SERIES TRUST | $419,694 | 7,177 | 0.00% | -81% |
| TGT | TARGET CORP | $6.8M | 55,819 | 0.03% | -80% |
The book
Largest 150 of 1,743 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| SPY | STATE STR SPDR S&P 500 ETF T | $2.8B | 4,336,222 | 11.09% | — |
| BSCR | INVESCO EXCH TRD SLF IDX FD | $1.4B | 70,691,925 | 5.49% | — |
| BSCQ | INVESCO EXCH TRD SLF IDX FD | $1.0B | 53,572,236 | 4.10% | — |
| AAPL | APPLE INC | $975.2M | 3,842,432 | 3.83% | — |
| NVDA | NVIDIA CORPORATION | $939.2M | 5,384,910 | 3.68% | — |
| MSFT | MICROSOFT CORP | $709.6M | 1,917,002 | 2.78% | — |
| FTEC | FIDELITY COVINGTON TRUST | $452.7M | 2,175,818 | 1.78% | — |
| IVW | ISHARES TR | $438.2M | 3,873,907 | 1.72% | — |
| IVE | ISHARES TR | $410.5M | 1,944,079 | 1.61% | — |
| AMZN | AMAZON COM INC | $372.1M | 1,786,772 | 1.46% | — |
| MYCH | SSGA ACTIVE TR | $306.7M | 12,291,898 | 1.20% | — |
| GOOGL | ALPHABET INC | $298.5M | 1,037,861 | 1.17% | — |
| IVV | ISHARES TR | $274.6M | 420,398 | 1.08% | — |
| QQQ | INVESCO QQQ TR | $259.0M | 448,675 | 1.02% | — |
| ITOT | ISHARES TR | $243.7M | 1,711,050 | 0.96% | — |
| VOO | VANGUARD INDEX FDS | $240.1M | 401,695 | 0.94% | — |
| AVGO | BROADCOM INC | $224.6M | 725,801 | 0.88% | — |
| GOOG | ALPHABET INC | $211.9M | 738,810 | 0.83% | — |
| FNCL | FIDELITY COVINGTON TRUST | $187.4M | 2,670,135 | 0.74% | — |
| TEND | ISHARES TR | $172.4M | 6,967,513 | 0.68% | — |
| JPM | JPMORGAN CHASE & CO | $158.6M | 539,119 | 0.62% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $155.8M | 325,156 | 0.61% | — |
| VGT | VANGUARD WORLD FD | $152.5M | 218,616 | 0.60% | — |
| FHLC | FIDELITY COVINGTON TRUST | $152.0M | 2,160,071 | 0.60% | — |
| FIDU | FIDELITY COVINGTON TRUST | $150.4M | 1,738,015 | 0.59% | — |
| VTI | VANGUARD INDEX FDS | $144.7M | 451,161 | 0.57% | — |
| BSCU | INVESCO EXCH TRD SLF IDX FD | $141.1M | 8,438,015 | 0.55% | — |
| FDIS | FIDELITY COVINGTON TRUST | $140.2M | 1,503,754 | 0.55% | — |
| IWF | ISHARES TR | $139.1M | 326,296 | 0.55% | — |
| FCOM | FIDELITY COVINGTON TRUST | $138.8M | 2,037,547 | 0.54% | — |
| TSLA | TESLA INC | $135.6M | 364,691 | 0.53% | — |
| META | META PLATFORMS INC | $132.9M | 232,238 | 0.52% | — |
| IEFA | ISHARES TR | $120.7M | 1,333,556 | 0.47% | — |
| COST | COSTCO WHOLESALE CORPORATION | $119.9M | 120,300 | 0.47% | — |
| GLD | SPDR GOLD TR | $119.4M | 277,495 | 0.47% | — |
| BSCT | INVESCO EXCH TRD SLF IDX FD | $118.4M | 6,346,510 | 0.46% | — |
| EXMOC | EXXON MOBIL CORP | $115.8M | 682,729 | 0.45% | — |
| IBDT | ISHARES TR | $113.4M | 4,475,447 | 0.44% | — |
| IBDR | ISHARES TR | $113.3M | 4,673,929 | 0.44% | — |
| IBDS | ISHARES TR | $112.7M | 4,651,050 | 0.44% | — |
| BAPR | INNOVATOR ETFS TRUST | $107.5M | 2,194,315 | 0.42% | — |
| PNC | PNC FINL SVCS GROUP INC | $106.9M | 513,633 | 0.42% | — |
| IWY | ISHARES TR | $106.1M | 426,268 | 0.42% | — |
| IWV | ISHARES TR | $101.9M | 274,951 | 0.40% | — |
| VTV | VANGUARD INDEX FDS | $101.8M | 519,060 | 0.40% | — |
| BSCS | INVESCO EXCH TRD SLF IDX FD | $100.5M | 4,921,699 | 0.39% | — |
| LLY | ELI LILLY & CO | $100.1M | 108,867 | 0.39% | — |
| WMT | WALMART INC | $98.5M | 791,815 | 0.39% | — |
| NFLX | NETFLIX INC. | $97.9M | 1,018,627 | 0.38% | — |
| IWB | ISHARES TR | $97.2M | 272,499 | 0.38% | — |
| ABBV | ABBVIE INC | $94.1M | 432,465 | 0.37% | — |
| SCHG | SCHWAB STRATEGIC TR | $90.7M | 3,114,183 | 0.36% | — |
| JNJ | JOHNSON & JOHNSON | $90.0M | 368,309 | 0.35% | — |
| IWX | ISHARES TR | $89.6M | 966,581 | 0.35% | — |
| IWR | ISHARES TR | $89.2M | 917,285 | 0.35% | — |
| GS | GOLDMAN SACHS GROUP INC | $83.1M | 98,201 | 0.33% | — |
| VEA | VANGUARD TAX-MANAGED FDS | $81.5M | 1,272,621 | 0.32% | — |
| JPST | J P MORGAN EXCHANGE TRADED F | $81.5M | 1,609,839 | 0.32% | — |
| IJR | ISHARES TR | $78.7M | 632,966 | 0.31% | — |
| PLTR | PALANTIR TECHNOLOGIES INC | $78.4M | 535,941 | 0.31% | — |
| HD | HOME DEPOT INC | $78.0M | 237,047 | 0.31% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $77.4M | 228,581 | 0.30% | — |
| SHY | ISHARES TR | $76.8M | 929,810 | 0.30% | — |
| VUG | VANGUARD INDEX FDS | $76.1M | 174,329 | 0.30% | — |
| V | VISA INC | $76.1M | 251,792 | 0.30% | — |
| IBDU | ISHARES TR | $76.0M | 3,267,016 | 0.30% | — |
| KRMN | KARMAN HLDGS INC | $74.1M | 925,999 | 0.29% | — |
| XLG | INVESCO EXCHANGE TRADED FD T | $72.4M | 1,327,458 | 0.28% | — |
| MU | MICRON TECHNOLOGY INC | $71.3M | 210,903 | 0.28% | — |
| FSTA | FIDELITY COVINGTON TRUST | $71.1M | 1,358,767 | 0.28% | — |
| AMAT | APPLIED MATLS INC | $67.0M | 196,070 | 0.26% | — |
| IWD | ISHARES TR | $66.2M | 309,810 | 0.26% | — |
| RTX | RTX CORPORATION | $64.7M | 335,436 | 0.25% | — |
| AGG | ISHARES TR | $61.7M | 621,215 | 0.24% | — |
| FENY | FIDELITY COVINGTON TRUST | $59.7M | 1,755,925 | 0.23% | — |
| IWL | ISHARES TR | $59.6M | 371,412 | 0.23% | — |
| IWM | ISHARES TR | $58.7M | 236,641 | 0.23% | — |
| VV | VANGUARD INDEX FDS | $58.1M | 194,297 | 0.23% | — |
| LRCX | LAM RESEARCH CORP | $57.4M | 268,197 | 0.23% | — |
| CAT | CATERPILLAR INC | $54.9M | 77,444 | 0.22% | — |
| EPS | WISDOMTREE TR | $54.4M | 798,789 | 0.21% | — |
| DGRW | WISDOMTREE TR | $53.3M | 606,427 | 0.21% | — |
| ADI | ANALOG DEVICES INC | $53.0M | 166,697 | 0.21% | — |
| MCK | MCKESSON CORP | $52.9M | 61,050 | 0.21% | — |
| UNH | UNITEDHEALTH GROUP INC | $52.3M | 193,247 | 0.21% | — |
| MA | MASTERCARD INCORPORATED | $50.8M | 101,679 | 0.20% | — |
| IJH | ISHARES TR | $49.6M | 733,999 | 0.19% | — |
| CRM | SALESFORCE INC | $48.5M | 259,594 | 0.19% | — |
| CVX | CHEVRON CORPORATION | $48.1M | 232,503 | 0.19% | — |
| SCHW | SCHWAB CHARLES CORP | $47.2M | 502,606 | 0.19% | — |
| EWJ | ISHARES INC | $47.0M | 556,904 | 0.18% | — |
| IWS | ISHARES TR | $46.8M | 321,226 | 0.18% | — |
| VO | VANGUARD INDEX FDS | $45.8M | 159,510 | 0.18% | — |
| PANW | PALO ALTO NETWORKS INC | $45.4M | 282,970 | 0.18% | — |
| USFR | WISDOMTREE TR | $45.0M | 894,474 | 0.18% | — |
| XLK | SELECT SECTOR SPDR TR | $43.5M | 327,340 | 0.17% | — |
| IBDV | ISHARES TR | $43.3M | 1,980,284 | 0.17% | — |
| JIVE | J P MORGAN EXCHANGE TRADED F | $42.5M | 496,324 | 0.17% | — |
| CSCO | CISCO SYS INC | $42.1M | 542,504 | 0.17% | — |
| ESS | ESSEX PPTY TR INC | $41.6M | 169,913 | 0.16% | — |
| XBAP | INNOVATOR ETFS TRUST | $41.0M | 1,048,212 | 0.16% | — |
| KLAC | KLA CORP | $40.4M | 27,423 | 0.16% | — |
| VFH | VANGUARD WORLD FD | $40.3M | 333,523 | 0.16% | — |
| MRK | MERCK & CO INC | $39.9M | 330,201 | 0.16% | — |
| ORCL | ORACLE CORP | $39.4M | 267,748 | 0.15% | — |
| ETN | EATON CORP PLC | $39.2M | 109,718 | 0.15% | — |
| PG | PROCTER & GAMBLE CO | $38.6M | 267,535 | 0.15% | — |
| IEMG | ISHARES INC | $38.4M | 551,029 | 0.15% | — |
| VYM | VANGUARD WHITEHALL FDS | $38.3M | 258,466 | 0.15% | — |
| VB | VANGUARD INDEX FDS | $38.3M | 146,103 | 0.15% | — |
| LHX | L3HARRIS TECHNOLOGIES INC | $38.1M | 110,249 | 0.15% | — |
| GE | GE AEROSPACE | $38.0M | 133,672 | 0.15% | — |
| COP | CONOCOPHILLIPS | $37.9M | 287,312 | 0.15% | — |
| MGK | VANGUARD WORLD FD | $37.9M | 103,174 | 0.15% | — |
| FMAT | FIDELITY COVINGTON TRUST | $37.7M | 654,663 | 0.15% | — |
| GEV | GE VERNOVA INC | $37.3M | 42,712 | 0.15% | — |
| MTUM | ISHARES TR | $37.3M | 155,224 | 0.15% | — |
| VONG | VANGUARD SCOTTSDALE FDS | $36.3M | 330,905 | 0.14% | — |
| DE | DEERE & CO | $34.9M | 61,760 | 0.14% | — |
| PWR | QUANTA SVCS INC | $34.6M | 63,059 | 0.14% | — |
| BLK | BLACKROCK INC | $34.6M | 35,996 | 0.14% | — |
| VHT | VANGUARD WORLD FD | $34.5M | 126,729 | 0.14% | — |
| VIS | VANGUARD WORLD FD | $34.4M | 110,050 | 0.13% | — |
| MS | MORGAN STANLEY | $34.3M | 208,195 | 0.13% | — |
| VOX | VANGUARD WORLD FD | $33.7M | 187,528 | 0.13% | — |
| FUTY | FIDELITY COVINGTON TRUST | $33.7M | 570,556 | 0.13% | — |
| MDY | STATE STR SPDR S&P MIDCAP 40 | $33.6M | 54,342 | 0.13% | — |
| USMF | WISDOMTREE TR | $33.3M | 673,645 | 0.13% | — |
| VWO | VANGUARD INTL EQUITY INDEX F | $33.1M | 612,414 | 0.13% | — |
| SPYM | SPDR SERIES TRUST | $32.6M | 426,058 | 0.13% | — |
| VCR | VANGUARD WORLD FD | $31.7M | 88,180 | 0.12% | — |
| MCD | MCDONALDS CORP | $31.5M | 101,474 | 0.12% | — |
| FREL | FIDELITY COVINGTON TRUST | $31.2M | 1,158,618 | 0.12% | — |
| IJK | ISHARES TR | $31.0M | 307,696 | 0.12% | — |
| NEE | NEXTERA ENERGY INC | $30.7M | 331,023 | 0.12% | — |
| EFA | ISHARES TR | $30.4M | 313,279 | 0.12% | — |
| ACWI | ISHARES TR | $30.4M | 219,746 | 0.12% | — |
| PFFD | GLOBAL X FDS | $30.2M | 1,642,883 | 0.12% | — |
| EWU | ISHARES TR | $30.1M | 661,451 | 0.12% | — |
| JBHT | HUNT J B TRANS SVCS INC | $30.1M | 142,073 | 0.12% | — |
| TJX | TJX COS INC NEW | $29.5M | 184,395 | 0.12% | — |
| ZBH | ZIMMER BIOMET HOLDINGS INC | $29.3M | 323,507 | 0.12% | — |
| EFV | ISHARES TR | $28.6M | 385,060 | 0.11% | — |
| GD | GENERAL DYNAMICS CORP | $28.3M | 82,494 | 0.11% | — |
| VXF | VANGUARD INDEX FDS | $27.9M | 135,801 | 0.11% | — |
| VTWO | VANGUARD SCOTTSDALE FDS | $27.7M | 276,952 | 0.11% | — |
| AMGN | AMGEN INC | $27.6M | 78,365 | 0.11% | — |
| NOW | SERVICENOW INC | $27.5M | 263,396 | 0.11% | — |
| ISRG | INTUITIVE SURGICAL INC | $27.5M | 59,713 | 0.11% | — |
| IGM | ISHARES TR | $27.2M | 229,472 | 0.11% | — |
This table is the 150 largest positions by value, out of 1,743 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 195 options positions with a combined notional of $7.2B. 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 Lido Advisors, LLC (CIK 1650150, accession 0001172661-26-001805). 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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