13F holdings
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ portfolio
Managed by . 944 reported positions worth $297.5B as of 2026-03-31, filed with the SEC on 2026-05-14. Parsed from the filing itself, not a reseller.
$297.5B
Book value
944
Positions
21%
Top 10 weight
+90
New this quarter
-60
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 (90)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| APTV-W | APTIV PLC | $475.7M | 7,985,744 | 0.16% |
| CMCSA | COMCAST CORP NEW | $305.5M | 10,486,288 | 0.10% |
| TSN | TYSON FOODS INC | $229.1M | 3,554,478 | 0.08% |
| RBC | RBC BEARINGS INC | $166.9M | 307,380 | 0.06% |
| WWD | WOODWARD INC | $117.4M | 328,124 | 0.04% |
| AMCR | AMCOR PLC | $110.6M | 2,783,448 | 0.04% |
| JAN | JANUS LIVING INC | $110.3M | 4,369,804 | 0.04% |
| TEX | TEREX CORP NEW | $104.9M | 1,774,448 | 0.04% |
| MMED | MINIMED GROUP INC | $102.6M | 6,878,460 | 0.03% |
| BRO | BROWN & BROWN INC | $100.2M | 1,537,185 | 0.03% |
| HII | HUNTINGTON INGALLS INDS INC | $91.9M | 241,938 | 0.03% |
| VGNT | VERSIGENT LTD | $86.3M | 2,661,893 | 0.03% |
| EQR | EQUITY RESIDENTIAL | $80.3M | 1,259,931 | 0.03% |
| AIT | APPLIED INDL TECHNOLOGIES IN | $79.5M | 299,596 | 0.03% |
| DTM | DT MIDSTREAM INC | $73.2M | 543,107 | 0.02% |
| SSRM | SSR MINING IN | $71.8M | 2,300,783 | 0.02% |
| LECO | LINCOLN ELEC HLDGS INC | $63.8M | 256,120 | 0.02% |
| OVV | OVINTIV INC | $62.0M | 1,044,654 | 0.02% |
| BNTX | BIONTECH SE | $59.6M | 670,514 | 0.02% |
| DRS | LEONARDO DRS INC | $57.7M | 1,245,246 | 0.02% |
| DCI | DONALDSON INC | $56.2M | 662,358 | 0.02% |
| ES | EVERSOURCE ENERGY | $53.7M | 775,238 | 0.02% |
| GAP | GAP INC | $51.8M | 2,139,198 | 0.02% |
| AA | ALCOA CORP | $49.0M | 738,815 | 0.02% |
| WAY | WAYSTAR HLDG CORP | $38.2M | 1,582,658 | 0.01% |
Closed out (60)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| QGEN | QIAGEN NV | $1.1B | 24,205,881 | 0.00% |
| COMCAST CORP NEW | COMCAST CORP NEW | $412.3M | 14,739,219 | 0.00% |
| EXK | EXACT SCIENCES CORP | $276.6M | 2,723,434 | 0.00% |
| NOW | SERVICENOW INC | $161.3M | 1,052,936 | 0.00% |
| JCI | JOHNSON CTLS INTL PLC | $141.5M | 1,181,795 | 0.00% |
| MANH | MANHATTAN ASSOCIATES INC | $136.0M | 784,835 | 0.00% |
| HSY | HERSHEY CO | $128.4M | 705,533 | 0.00% |
| U | UNITY SOFTWARE INC | $128.4M | 2,905,820 | 0.00% |
| AMCR | AMCOR PLC | $119.6M | 14,338,975 | 0.00% |
| MAT | MATTEL INC | $106.7M | 5,377,254 | 0.00% |
| TEAM | ATLASSIAN CORPORATION | $62.7M | 386,497 | 0.00% |
| ODD | ODDITY TECH LTD | $54.7M | 1,360,977 | 0.00% |
| VERX | VERTEX INC | $53.9M | 2,698,276 | 0.00% |
| DBRG | DIGITALBRIDGE GROUP INC | $50.3M | 3,276,959 | 0.00% |
| NATL | NCR ATLEOS CORPORATION | $47.9M | 1,255,678 | 0.00% |
| ACVA | ACV AUCTIONS INC | $44.4M | 5,535,465 | 0.00% |
| STEP | STEPSTONE GROUP INC | $29.6M | 461,037 | 0.00% |
| HAS | HASBRO INC | $29.1M | 355,468 | 0.00% |
| TOL | TOLL BROTHERS INC | $20.5M | 151,406 | 0.00% |
| K4F | ONESTREAM INC | $19.3M | 1,050,802 | 0.00% |
| FIG | FIGMA INC | $15.2M | 407,270 | 0.00% |
| HQY | HEALTHEQUITY INC | $13.7M | 149,122 | 0.00% |
| ZS | ZSCALER INC | $11.5M | 51,246 | 0.00% |
| SNY | SANOFI SA | $10.3M | 213,447 | 0.00% |
| MARA | MARA HOLDINGS INC | $10.2M | 1,135,956 | 0.00% |
Added to (264)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| AAPL | APPLE INC | $7.8B | 30,317,142 | 2.64% | +13% |
| AVGO | BROADCOM INC | $3.4B | 8,980,922 | 1.15% | +11% |
| MDT | MEDTRONIC PLC | $2.7B | 21,437,599 | 0.89% | +2% |
| HONGBP | HONEYWELL INTL INC | $2.5B | 8,707,049 | 0.85% | +27% |
| AEM | AGNICO EAGLE MINES LTD | $2.5B | 11,867,001 | 0.84% | +2% |
| NDAQ | NASDAQ INC | $2.5B | 29,060,439 | 0.83% | +5% |
| WAT | WATERS CORP | $2.1B | 4,630,118 | 0.69% | +76% |
| PFE | PFIZER INC | $1.6B | 56,911,830 | 0.54% | +2% |
| ABT | ABBOTT LABORATORIES | $1.6B | 15,499,870 | 0.54% | +7% |
| CRH | CRH PLC | $1.5B | 13,507,797 | 0.49% | +9% |
| NEE | NEXTERA ENERGY INC | $1.2B | 13,192,071 | 0.41% | +103% |
| LPLA | LPL FINL HLDGS INC | $1.2B | 3,869,359 | 0.39% | +4% |
| RBA | RB GLOBAL INC | $1.1B | 11,240,652 | 0.37% | +3% |
| STX | SEAGATE TECHNOLOGY HLDNGS PL | $1.0B | 2,536,122 | 0.34% | +26% |
| CRM | SALESFORCE INC | $933.0M | 4,882,551 | 0.31% | +72% |
Trimmed (526)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| RRX | REGAL REXNORD CORPORATION | $556,683 | 2,137 | 0.00% | -100% |
| TTE | TOTALENERGIES SE | $35.2M | 382,869 | 0.01% | -99% |
| CNH | CNH INDL N V | $297,264 | 27,024 | 0.00% | -99% |
| NTSK | NETSKOPE INC | $324,233 | 38,190 | 0.00% | -99% |
| AVTR | AVANTOR INC | $648,728 | 82,746 | 0.00% | -99% |
| THRY | THRYV HLDGS INC | $245,904 | 89,746 | 0.00% | -97% |
| CSX | CSX CORP | $3.5M | 68,458 | 0.00% | -96% |
| S | SENTINELONE INC | $1.2M | 91,803 | 0.00% | -96% |
| YUMC | YUM CHINA HLDGS INC | $18.2M | 209,519 | 0.01% | -96% |
| EA* | ELECTRONIC ARTS INC | $9.1M | 44,847 | 0.00% | -95% |
| MRK | MERCK & CO INC | $35.6M | 271,829 | 0.01% | -94% |
| EXC | EXELON CORP | $51.8M | 1,043,562 | 0.02% | -93% |
| APTV | APTIV PLC | $66.4M | 846,448 | 0.02% | -91% |
| DIS | DISNEY WALT CO | $15.8M | 155,598 | 0.01% | -86% |
| PLTR | PALANTIR TECHNOLOGIES INC | $5.0M | 33,907 | 0.00% | -86% |
The book
Largest 150 of 944 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPORATION | $11.6B | 65,275,558 | 3.89% | — |
| MSFT | MICROSOFT CORP | $10.7B | 25,473,981 | 3.59% | — |
| AAPL | APPLE INC | $7.8B | 30,317,142 | 2.64% | — |
| GOOGL | ALPHABET INC | $7.0B | 23,413,232 | 2.34% | — |
| AMZN | AMAZON COM INC | $6.6B | 25,952,500 | 2.21% | — |
| JPM | JPMORGAN CHASE & CO | $4.3B | 14,662,099 | 1.46% | — |
| AVGO | BROADCOM INC | $3.4B | 8,980,922 | 1.15% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $3.4B | 9,677,855 | 1.14% | — |
| JNJ | JOHNSON & JOHNSON | $3.3B | 13,434,302 | 1.11% | — |
| CI | THE CIGNA GROUP | $3.1B | 11,595,182 | 1.05% | — |
| EXMOC | EXXON MOBIL CORP | $3.0B | 17,922,157 | 1.02% | — |
| LIN | LINDE PLC | $3.0B | 4,757,686 | 1.02% | — |
| MA | MASTERCARD INCORPORATED | $2.8B | 5,521,696 | 0.95% | — |
| FNV | FRANCO NEV CORP | $2.8B | 11,093,148 | 0.95% | — |
| RTX | RTX CORPORATION | $2.8B | 14,147,863 | 0.93% | — |
| AON | AON PLC | $2.8B | 8,358,097 | 0.93% | — |
| COP | CONOCOPHILLIPS | $2.7B | 20,267,161 | 0.91% | — |
| MDT | MEDTRONIC PLC | $2.7B | 21,437,599 | 0.89% | — |
| UBS | UBS GROUP AG | $2.6B | 65,542,061 | 0.87% | — |
| WTW | WILLIS TOWERS WATSON PLC LTD | $2.6B | 5,867,533 | 0.87% | — |
| META | META PLATFORMS INC | $2.6B | 4,407,235 | 0.86% | — |
| MCK | MCKESSON CORP | $2.5B | 2,900,233 | 0.85% | — |
| ACN | ACCENTURE PLC IRELAND | $2.5B | 9,828,861 | 0.85% | — |
| HONGBP | HONEYWELL INTL INC | $2.5B | 8,707,049 | 0.85% | — |
| AEM | AGNICO EAGLE MINES LTD | $2.5B | 11,867,001 | 0.84% | — |
| NDAQ | NASDAQ INC | $2.5B | 29,060,439 | 0.83% | — |
| KLAC | KLA CORP | $2.4B | 1,641,635 | 0.82% | — |
| PGR | PROGRESSIVE CORP | $2.4B | 12,099,655 | 0.81% | — |
| V | VISA INC | $2.3B | 4,165,473 | 0.78% | — |
| SCHW | SCHWAB CHARLES CORP | $2.3B | 14,521,887 | 0.76% | — |
| TMO | THERMO FISHER SCIENTIFIC INC | $2.3B | 3,013,109 | 0.76% | — |
| BDX | BECTON DICKINSON & CO | $2.2B | 9,101,454 | 0.75% | — |
| CB | CHUBB LTD SWITZ | $2.1B | 6,514,984 | 0.72% | — |
| WAT | WATERS CORP | $2.1B | 4,630,118 | 0.69% | — |
| ADI | ANALOG DEVICES INC | $2.0B | 6,216,638 | 0.67% | — |
| GD | GENERAL DYNAMICS CORP | $2.0B | 5,702,629 | 0.66% | — |
| MS | MORGAN STANLEY | $1.9B | 11,749,856 | 0.65% | — |
| PCG | PG&E CORP | $1.9B | 109,393,836 | 0.65% | — |
| DUK | DUKE ENERGY CORP NEW | $1.9B | 14,391,296 | 0.64% | — |
| PLD | PROLOGIS INC. | $1.9B | 14,063,332 | 0.63% | — |
| APH | AMPHENOL CORP | $1.8B | 13,964,627 | 0.62% | — |
| HWM | HOWMET AEROSPACE INC | $1.8B | 7,624,700 | 0.60% | — |
| UNP | UNION PAC CORP | $1.7B | 7,029,932 | 0.59% | — |
| BA | BOEING CO | $1.7B | 8,733,419 | 0.58% | — |
| ETN | EATON CORP PLC | $1.7B | 4,688,364 | 0.58% | — |
| D | DOMINION ENERGY INC | $1.6B | 26,621,442 | 0.55% | — |
| PFE | PFIZER INC | $1.6B | 56,911,830 | 0.54% | — |
| ABT | ABBOTT LABORATORIES | $1.6B | 15,499,870 | 0.54% | — |
| TRU | TRANSUNION | $1.6B | 13,146,925 | 0.54% | — |
| PNC | PNC FINL SVCS GROUP INC | $1.6B | 7,528,295 | 0.53% | — |
| AXP | AMERICAN EXPRESS CO | $1.6B | 5,067,655 | 0.52% | — |
| C | CITIGROUP INC | $1.5B | 13,354,702 | 0.51% | — |
| SO | SOUTHERN CO | $1.5B | 15,595,800 | 0.51% | — |
| NXPI | NXP SEMICONDUCTORS N V | $1.5B | 7,574,965 | 0.50% | — |
| CVX | CHEVRON CORPORATION | $1.5B | 7,109,419 | 0.50% | — |
| A | AGILENT TECHNOLOGIES INC | $1.5B | 12,624,090 | 0.49% | — |
| CRH | CRH PLC | $1.5B | 13,507,797 | 0.49% | — |
| XEL | XCEL ENERGY INC | $1.4B | 18,078,640 | 0.49% | — |
| TD | TORONTO DOMINION BK ONT | $1.4B | 14,219,093 | 0.49% | — |
| PM | PHILIP MORRIS INTL INC | $1.4B | 8,631,772 | 0.49% | — |
| GEV | GE VERNOVA INC | $1.4B | 1,629,084 | 0.49% | — |
| TRV | TRAVELERS COMPANIES INC | $1.4B | 4,903,665 | 0.48% | — |
| MRSH | MARSH & MCLENNAN COS INC | $1.4B | 8,200,309 | 0.48% | — |
| LOW | LOWES COS INC | $1.4B | 6,022,364 | 0.48% | — |
| RYAAY | RYANAIR HOLDINGS PLC | $1.4B | 24,120,294 | 0.48% | — |
| MAR | MARRIOTT INTL INC NEW | $1.4B | 4,266,493 | 0.47% | — |
| KKR | KKR & CO INC | $1.3B | 14,350,033 | 0.45% | — |
| ABBV | ABBVIE INC | $1.2B | 5,610,330 | 0.41% | — |
| NEE | NEXTERA ENERGY INC | $1.2B | 13,192,071 | 0.41% | — |
| WFC | WELLS FARGO & CO | $1.2B | 15,105,182 | 0.41% | — |
| PCAR | PACCAR INC | $1.2B | 10,316,053 | 0.40% | — |
| CHKP | CHECK POINT SOFTWARE TECH LT | $1.2B | 7,942,280 | 0.40% | — |
| LPLA | LPL FINL HLDGS INC | $1.2B | 3,869,359 | 0.39% | — |
| PEP | PEPSICO INC | $1.1B | 7,276,739 | 0.39% | — |
| CAT | CATERPILLAR INC | $1.1B | 1,583,565 | 0.38% | — |
| RBA | RB GLOBAL INC | $1.1B | 11,240,652 | 0.37% | — |
| HLT | HILTON WORLDWIDE HLDGS INC | $1.1B | 3,450,856 | 0.36% | — |
| BLK | BLACKROCK INC | $1.1B | 1,095,157 | 0.36% | — |
| CNI | CANADIAN NATL RY CO | $1.1B | 3,750,670 | 0.35% | — |
| NOC | NORTHROP GRUMMAN CORP | $1.0B | 1,519,496 | 0.35% | — |
| TXN | TEXAS INSTRS INC | $1.0B | 5,320,294 | 0.35% | — |
| SPOT | SPOTIFY TECHNOLOGY S A | $1.0B | 2,059,978 | 0.34% | — |
| STX | SEAGATE TECHNOLOGY HLDNGS PL | $1.0B | 2,536,122 | 0.34% | — |
| BAP | CREDICORP LTD | $952.5M | 2,787,217 | 0.32% | — |
| STE | STERIS PLC | $936.6M | 4,010,349 | 0.31% | — |
| CRM | SALESFORCE INC | $933.0M | 4,882,551 | 0.31% | — |
| ANET | ARISTA NETWORKS INC | $926.9M | 7,227,921 | 0.31% | — |
| GILD | GILEAD SCIENCES INC | $909.7M | 6,281,609 | 0.31% | — |
| GE | GE AEROSPACE | $901.9M | 3,128,414 | 0.30% | — |
| LNG | CHENIERE ENERGY INC | $873.2M | 3,047,277 | 0.29% | — |
| KVUE | KENVUE INC | $866.1M | 49,743,984 | 0.29% | — |
| TTWO | TAKE-TWO INTERACTIVE SOFTWAR | $864.7M | 4,351,426 | 0.29% | — |
| WPM | WHEATON PRECIOUS METALS CORP | $863.3M | 6,297,084 | 0.29% | — |
| ITW | ILLINOIS TOOL WKS INC | $859.6M | 3,310,000 | 0.29% | — |
| EFX | EQUIFAX INC | $856.4M | 4,699,910 | 0.29% | — |
| GS | GOLDMAN SACHS GROUP INC | $852.0M | 970,662 | 0.29% | — |
| CDNS | CADENCE DESIGN SYSTEM INC | $838.7M | 2,974,520 | 0.28% | — |
| ADSK | AUTODESK INC | $836.9M | 3,419,138 | 0.28% | — |
| NTRS | NORTHERN TR CORP | $821.1M | 5,805,716 | 0.28% | — |
| DHR | DANAHER CORP DEL | $815.2M | 4,165,769 | 0.27% | — |
| SHOP | SHOPIFY INC | $789.3M | 6,031,360 | 0.27% | — |
| HUBB | HUBBELL INC | $776.9M | 1,537,597 | 0.26% | — |
| HUM | HUMANA INC | $775.2M | 4,482,370 | 0.26% | — |
| KMB | KIMBERLY-CLARK CORP | $738.2M | 7,644,811 | 0.25% | — |
| LRCX | LAM RESEARCH CORP | $725.9M | 3,309,521 | 0.24% | — |
| ARMK | ARAMARK | $725.0M | 17,557,328 | 0.24% | — |
| APD | AIR PRODUCTS AND CHEMICALS I | $719.2M | 583,754 | 0.24% | — |
| TKO | TKO GROUP HOLDINGS INC | $718.0M | 3,543,396 | 0.24% | — |
| BSX | BOSTON SCIENTIFIC CORP | $716.9M | 10,996,572 | 0.24% | — |
| EOG | EOG RES INC | $686.4M | 4,729,555 | 0.23% | — |
| ORLY | OREILLY AUTOMOTIVE INC | $681.9M | 7,269,299 | 0.23% | — |
| TT | TRANE TECHNOLOGIES PLC | $680.3M | 1,615,064 | 0.23% | — |
| OMC | OMNICOM GROUP INC | $664.9M | 8,736,665 | 0.22% | — |
| ELV | ELEVANCE HEALTH INC FORMERLY | $657.3M | 2,236,129 | 0.22% | — |
| VMC | VULCAN MATLS CO | $626.1M | 2,278,025 | 0.21% | — |
| MPWR | MONOLITHIC PWR SYS INC | $620.7M | 567,769 | 0.21% | — |
| CMS | CMS ENERGY CORP | $614.3M | 7,630,373 | 0.21% | — |
| MCO | MOODYS CORP | $605.3M | 1,328,012 | 0.20% | — |
| OTIS | OTIS WORLDWIDE CORP | $597.7M | 7,600,270 | 0.20% | — |
| VST | VISTRA CORP | $596.3M | 3,951,789 | 0.20% | — |
| AEP | AMERICAN ELEC PWR CO INC | $591.4M | 4,493,458 | 0.20% | — |
| VIK | VIKING HOLDINGS LTD | $583.1M | 7,895,685 | 0.20% | — |
| SBUX | STARBUCKS CORP | $548.0M | 5,993,824 | 0.18% | — |
| FTI | TECHNIPFMC PLC | $541.0M | 7,707,068 | 0.18% | — |
| CW | CURTISS WRIGHT CORP | $528.8M | 771,508 | 0.18% | — |
| PWR | QUANTA SVCS INC | $526.0M | 958,099 | 0.18% | — |
| MDLN | MEDLINE INC | $518.1M | 11,569,316 | 0.17% | — |
| LNT | ALLIANT ENERGY CORP | $509.9M | 7,047,237 | 0.17% | — |
| CVE | CENOVUS ENERGY INC | $508.3M | 17,388,159 | 0.17% | — |
| SHW | SHERWIN WILLIAMS CO | $506.4M | 1,536,040 | 0.17% | — |
| VLO | VALERO ENERGY CORP | $504.1M | 2,015,769 | 0.17% | — |
| VRSK | VERISK ANALYTICS INC | $503.3M | 2,543,490 | 0.17% | — |
| GWW | WW GRAINGER INC | $499.6M | 453,353 | 0.17% | — |
| TJX | TJX COS INC NEW | $499.3M | 3,000,374 | 0.17% | — |
| CBRE | CBRE GROUP INC | $498.2M | 3,651,396 | 0.17% | — |
| MNST | MONSTER BEVERAGE CORP NEW | $497.2M | 6,770,457 | 0.17% | — |
| BAC | BANK AMERICA CORP | $486.5M | 9,833,307 | 0.16% | — |
| LYV | LIVE NATION ENTERTAINMENT IN | $485.0M | 3,182,424 | 0.16% | — |
| GFL | GFL ENVIRONMENTAL INC | $479.8M | 10,946,130 | 0.16% | — |
| RY | ROYAL BK CDA | $476.8M | 2,157,232 | 0.16% | — |
| APTV-W | APTIV PLC | $475.7M | 7,985,744 | 0.16% | — |
| UBER | UBER TECHNOLOGIES INC | $469.0M | 6,408,272 | 0.16% | — |
| CP | CANADIAN PACIFIC KANSAS CITY | $459.5M | 4,838,509 | 0.15% | — |
| CME | CME GROUP INC | $454.8M | 1,479,514 | 0.15% | — |
| SRE | SEMPRA | $454.2M | 4,673,880 | 0.15% | — |
| GWRE | GUIDEWIRE SOFTWARE INC | $452.2M | 2,995,337 | 0.15% | — |
| FERG | FERGUSON ENTERPRISES INC | $434.1M | 1,850,530 | 0.15% | — |
| AXON | AXON ENTERPRISE INC | $433.3M | 1,014,829 | 0.15% | — |
| COHR | COHERENT CORP | $432.2M | 1,813,256 | 0.15% | — |
| EMR | EMERSON ELEC CO | $426.9M | 3,173,181 | 0.14% | — |
This table is the 150 largest positions by value, out of 944 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 2 options positions with a combined notional of $5.2M. 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 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ (CIK 912938, accession 0000912938-26-000604). 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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