13F holdings
Rockefeller Capital Management L.P. portfolio
Managed by . 4,684 reported positions worth $56.4B as of 2026-03-31, filed with the SEC on 2026-05-14. Parsed from the filing itself, not a reseller.
$56.4B
Book value
4,684
Positions
22%
Top 10 weight
+269
New this quarter
-258
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 (269)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| AZN | ASTRAZENECA PLC | $93.2M | 473,389 | 0.17% |
| EVSD | MORGAN STANLEY ETF TRUST | $17.2M | 337,629 | 0.03% |
| CECO | CECO ENVIRONMENTAL CORP | $15.2M | 254,321 | 0.03% |
| AMCR | AMCOR PLC | $12.0M | 301,019 | 0.02% |
| VSNT | VERSANT MEDIA GROUP INC | $8.7M | 235,125 | 0.02% |
| CSPF | COHEN & STEERS ETF TRUST | $8.5M | 331,589 | 0.02% |
| FLXR | TCW ETF TRUST | $7.6M | 192,820 | 0.01% |
| SOC | SABLE OFFSHORE CORP | $4.4M | 263,750 | 0.01% |
| BDYN | BLACKROCK ETF TRUST | $2.9M | 120,612 | 0.01% |
| BDVL | BLACKROCK ETF TRUST | $2.0M | 82,295 | 0.00% |
| BLCR | BLACKROCK ETF TRUST | $1.1M | 26,141 | 0.00% |
| DFTX | DEFINIUM THERAPEUTICS INC | $1.0M | 55,206 | 0.00% |
| PNFP | PINNACLE FINL PARTNERS INC | $882,918 | 10,249 | 0.00% |
| IDEF | BLACKROCK ETF TRUST | $874,017 | 26,712 | 0.00% |
| XSSPX | NUVEEN S&P 500 DYNAMIC OVERW | $747,966 | 46,544 | 0.00% |
| AGIX | KRANESHARES TRUST | $653,106 | 19,930 | 0.00% |
| HELO | J P MORGAN EXCHANGE TRADED F | $645,491 | 10,100 | 0.00% |
| ATAI | ATAIBECKLEY INC | $633,660 | 179,000 | 0.00% |
| NBSD | NEUBERGER BERMAN ETF TRUST | $491,129 | 9,685 | 0.00% |
| TRUC | VANECK ETF TRUST | $486,925 | 20,158 | 0.00% |
| BKGI | BNY MELLON ETF TRUST | $477,112 | 10,712 | 0.00% |
| TLG | TOUCHSTONE ETF TRUST | $460,183 | 19,703 | 0.00% |
| UMC | UNITED MICROELECTRONICS CORP | $451,622 | 50,292 | 0.00% |
| SCHQ | SCHWAB STRATEGIC TR | $393,504 | 12,520 | 0.00% |
| SPHB | INVESCO EXCH TRADED FD TR II | $341,829 | 2,948 | 0.00% |
Closed out (258)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| AZNN | ASTRAZENECA PLC | $60.2M | 654,462 | 0.00% |
| AMCR | AMCOR PLC | $10.9M | 1,308,988 | 0.00% |
| CYBR | CYBERARK SOFTWARE LTD | $7.7M | 17,306 | 0.00% |
| CCOR | LISTED FDS TR | $4.2M | 160,195 | 0.00% |
| XBNYX | BLACKROCK N Y MUN INCOME TRU | $1.8M | 179,595 | 0.00% |
| XMYDX | BLACKROCK MUNIYIELD FD INC | $1.8M | 172,255 | 0.00% |
| 8QR | CONFLUENT INC | $1.4M | 292,267 | 0.00% |
| XMVTX | BLACKROCK MUNIVEST FD II INC | $1.4M | 127,932 | 0.00% |
| PNNT | PENNANTPARK INVT CORP | $1.2M | 195,676 | 0.00% |
| NPB | NORTHPOINTE BANCSHARES INC. | $965,488 | 57,538 | 0.00% |
| WTPI | WISDOMTREE TR | $813,680 | 24,568 | 0.00% |
| ATAI BECKLEY NV | ATAI BECKLEY NV | $732,110 | 179,000 | 0.00% |
| XMVFX | BLACKROCK MUNIVEST FD INC | $691,712 | 99,814 | 0.00% |
| SYU1 | SYNOVUS FINL CORP | $672,672 | 13,439 | 0.00% |
| GRNJ | TIDAL TRUST III | $641,177 | 25,095 | 0.00% |
| EXK | EXACT SCIENCES CORP | $619,848 | 6,102 | 0.00% |
| XBXMX | NUVEEN S&P 500 BUY-WRITE INC | $583,299 | 39,680 | 0.00% |
| CMA | COMERICA INC | $560,698 | 6,449 | 0.00% |
| CILUSD | VICTORY PORTFOLIOS II | $553,400 | 10,252 | 0.00% |
| NGDN | NEW GOLD INC CDA | $518,245 | 59,500 | 0.00% |
| CADE | CADENCE BANK | $462,475 | 10,795 | 0.00% |
| GEG | GREAT ELM GROUP INC | $446,620 | 175,145 | 0.00% |
| GBTC | GRAYSCALE BITCOIN TRUST ETF | $443,520 | 6,488 | 0.00% |
| BLACKROCK MUNIHOLDINGS Q | BLACKROCK MUNIHOLDINGS QUALI | $414,420 | 41,318 | 0.00% |
| MOTI | VANECK ETF TRUST | $290,579 | 7,922 | 0.00% |
Added to (2367)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| IVV | ISHARES TR | $750.1M | 1,148,258 | 1.33% | +6% |
| RSMC | TIDAL TRUST III | $536.1M | 21,580,505 | 0.95% | +4% |
| IWF | ISHARES TR | $484.7M | 1,136,766 | 0.86% | +6% |
| LLY | ELI LILLY & CO | $463.3M | 503,731 | 0.82% | +10% |
| VTI | VANGUARD INDEX FDS | $353.9M | 1,103,126 | 0.63% | +3% |
| EXMOC | EXXON MOBIL CORP | $346.7M | 2,043,449 | 0.61% | +6% |
| GEV | GE VERNOVA INC | $334.3M | 382,869 | 0.59% | +6% |
| IWD | ISHARES TR | $328.8M | 1,538,757 | 0.58% | +7% |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $320.2M | 946,307 | 0.57% | +9% |
| EFA | ISHARES TR | $300.0M | 3,088,405 | 0.53% | +45% |
| VTV | VANGUARD INDEX FDS | $285.4M | 1,454,595 | 0.51% | +8% |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $274.9M | 573,746 | 0.49% | +5% |
| VUG | VANGUARD INDEX FDS | $268.5M | 614,604 | 0.48% | +4% |
| XLK | SELECT SECTOR SPDR TR | $264.1M | 1,987,473 | 0.47% | +6% |
| IEFA | ISHARES TR | $260.5M | 2,876,994 | 0.46% | +10% |
Trimmed (1285)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| FTMS | PUTNAM ETF TRUST | $0 | 0 | 0.00% | -100% |
| BSCQ | INVESCO EXCH TRD SLF IDX FD | $15 | 0 | 0.00% | -100% |
| FIIG | FIRST TR EXCHANGE-TRADED FD | $36 | 1 | 0.00% | -100% |
| CWAN | CLEARWATER ANALYTICS HLDGS I | $23,816 | 1,007 | 0.00% | -100% |
| STELLAR BANCORP INC | STELLAR BANCORP INC | $2,051 | 56 | 0.00% | -100% |
| SIG | SIGNET JEWELERS LIMITED | $87,349 | 1,032 | 0.00% | -99% |
| IMCR | IMMUNOCORE HLDGS PLC | $241 | 8 | 0.00% | -99% |
| PRPLGBP | PURPLE INNOVATION INC | $20 | 30 | 0.00% | -99% |
| ROP | ROPER TECHNOLOGIES INC | $10.0M | 28,214 | 0.02% | -99% |
| AXSM | AXSOME THERAPEUTICS INC. | $629,093 | 3,722 | 0.00% | -99% |
| ALKT | ALKAMI TECHNOLOGY INC | $25,338 | 1,617 | 0.00% | -99% |
| OXLC | OXFORD LANE CAP CORP | $2,337 | 239 | 0.00% | -99% |
| RYTM | RHYTHM PHARMACEUTICALS INC | $421,282 | 4,844 | 0.00% | -99% |
| XGLQX | CLOUGH GLOBAL EQUITY FD | $474 | 63 | 0.00% | -99% |
| INSM | INSMED INC | $1.2M | 7,429 | 0.00% | -99% |
The book
Largest 150 of 4,684 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| SPY | STATE STR SPDR S&P 500 ETF T | $1.9B | 2,946,267 | 3.40% | — |
| AAPL | APPLE INC | $1.7B | 6,683,923 | 3.01% | — |
| NVDA | NVIDIA CORPORATION | $1.6B | 9,029,958 | 2.79% | — |
| MSFT | MICROSOFT CORP | $1.5B | 4,033,392 | 2.65% | — |
| GOOGL | ALPHABET INC | $1.2B | 4,297,315 | 2.19% | — |
| AMZN | AMAZON COM INC | $1.2B | 5,897,727 | 2.18% | — |
| AVGO | BROADCOM INC | $927.4M | 2,996,496 | 1.64% | — |
| VOO | VANGUARD INDEX FDS | $834.6M | 1,396,649 | 1.48% | — |
| IVV | ISHARES TR | $750.1M | 1,148,258 | 1.33% | — |
| JPM | JPMORGAN CHASE & CO | $708.8M | 2,409,554 | 1.26% | — |
| QQQ | INVESCO QQQ TR | $652.3M | 1,130,072 | 1.16% | — |
| GOOG | ALPHABET INC | $614.5M | 2,142,274 | 1.09% | — |
| META | META PLATFORMS INC | $603.6M | 1,054,928 | 1.07% | — |
| RGEF | TIDAL TRUST III | $581.7M | 19,357,317 | 1.03% | — |
| RSMC | TIDAL TRUST III | $536.1M | 21,580,505 | 0.95% | — |
| IWF | ISHARES TR | $484.7M | 1,136,766 | 0.86% | — |
| LLY | ELI LILLY & CO | $463.3M | 503,731 | 0.82% | — |
| COST | COSTCO WHOLESALE CORPORATION | $423.0M | 424,493 | 0.75% | — |
| V | VISA INC | $409.7M | 1,355,559 | 0.73% | — |
| GLD | SPDR GOLD TR | $398.8M | 926,830 | 0.71% | — |
| VTI | VANGUARD INDEX FDS | $353.9M | 1,103,126 | 0.63% | — |
| EXMOC | EXXON MOBIL CORP | $346.7M | 2,043,449 | 0.61% | — |
| GEV | GE VERNOVA INC | $334.3M | 382,869 | 0.59% | — |
| IWD | ISHARES TR | $328.8M | 1,538,757 | 0.58% | — |
| HD | HOME DEPOT INC | $324.0M | 985,007 | 0.57% | — |
| CVX | CHEVRON CORPORATION | $322.1M | 1,556,994 | 0.57% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $320.2M | 946,307 | 0.57% | — |
| RSP | INVESCO EXCHANGE TRADED FD T | $306.9M | 1,599,136 | 0.54% | — |
| VEA | VANGUARD TAX-MANAGED FDS | $305.2M | 4,762,512 | 0.54% | — |
| EFA | ISHARES TR | $300.0M | 3,088,405 | 0.53% | — |
| VTV | VANGUARD INDEX FDS | $285.4M | 1,454,595 | 0.51% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $274.9M | 573,746 | 0.49% | — |
| VUG | VANGUARD INDEX FDS | $268.5M | 614,604 | 0.48% | — |
| XLK | SELECT SECTOR SPDR TR | $264.1M | 1,987,473 | 0.47% | — |
| SHEL | SHELL PLC | $262.1M | 2,817,779 | 0.46% | — |
| IEFA | ISHARES TR | $260.5M | 2,876,994 | 0.46% | — |
| JNJ | JOHNSON & JOHNSON | $257.9M | 1,054,990 | 0.46% | — |
| UBER | UBER TECHNOLOGIES INC | $257.3M | 3,577,295 | 0.46% | — |
| NEE | NEXTERA ENERGY INC | $237.8M | 2,560,302 | 0.42% | — |
| MCD | MCDONALDS CORP | $236.4M | 760,718 | 0.42% | — |
| RMOP | TIDAL TRUST III | $229.9M | 9,244,531 | 0.41% | — |
| VO | VANGUARD INDEX FDS | $229.4M | 798,721 | 0.41% | — |
| AMGN | AMGEN INC | $226.6M | 643,944 | 0.40% | — |
| TJX | TJX COS INC NEW | $224.1M | 1,403,460 | 0.40% | — |
| KO | COCA COLA CO | $224.0M | 2,945,437 | 0.40% | — |
| CRWD | CROWDSTRIKE HLDGS INC | $221.2M | 566,535 | 0.39% | — |
| IJR | ISHARES TR | $219.5M | 1,765,464 | 0.39% | — |
| BLK | BLACKROCK INC | $216.2M | 224,843 | 0.38% | — |
| MRK | MERCK & CO INC | $210.9M | 1,752,898 | 0.37% | — |
| IJH | ISHARES TR | $210.3M | 3,114,696 | 0.37% | — |
| TMO | THERMO FISHER SCIENTIFIC INC | $210.0M | 427,331 | 0.37% | — |
| VGT | VANGUARD WORLD FD | $209.1M | 299,677 | 0.37% | — |
| CAT | CATERPILLAR INC | $208.4M | 294,176 | 0.37% | — |
| LIN | LINDE PLC | $206.1M | 415,786 | 0.37% | — |
| WMT | WALMART INC | $205.0M | 1,649,694 | 0.36% | — |
| ABBV | ABBVIE INC | $198.3M | 911,994 | 0.35% | — |
| IWM | ISHARES TR | $191.2M | 770,766 | 0.34% | — |
| LHX | L3HARRIS TECHNOLOGIES INC | $186.1M | 539,205 | 0.33% | — |
| PH | PARKER-HANNIFIN CORP | $180.8M | 201,985 | 0.32% | — |
| CSCO | CISCO SYS INC | $178.9M | 2,305,742 | 0.32% | — |
| AMD | ADVANCED MICRO DEVICES INC | $178.6M | 878,036 | 0.32% | — |
| VIG | VANGUARD SPECIALIZED FUNDS | $177.3M | 824,486 | 0.31% | — |
| CRM | SALESFORCE INC | $176.4M | 944,765 | 0.31% | — |
| TSLA | TESLA INC | $174.5M | 469,357 | 0.31% | — |
| IAU | ISHARES GOLD TR | $173.6M | 1,969,602 | 0.31% | — |
| T | AT&T INC | $173.4M | 5,982,098 | 0.31% | — |
| PG | PROCTER & GAMBLE CO | $172.8M | 1,196,415 | 0.31% | — |
| ANET | ARISTA NETWORKS INC | $171.3M | 1,394,828 | 0.30% | — |
| VWO | VANGUARD INTL EQUITY INDEX F | $169.4M | 3,134,644 | 0.30% | — |
| PLTR | PALANTIR TECHNOLOGIES INC | $165.4M | 1,130,725 | 0.29% | — |
| PANW | PALO ALTO NETWORKS INC | $162.2M | 1,011,857 | 0.29% | — |
| EMR | EMERSON ELEC CO | $161.1M | 1,229,543 | 0.29% | — |
| GS | GOLDMAN SACHS GROUP INC | $160.2M | 189,347 | 0.28% | — |
| VEU | VANGUARD INTL EQUITY INDEX F | $160.1M | 2,132,086 | 0.28% | — |
| TEL | TE CONNECTIVITY PLC | $158.3M | 757,161 | 0.28% | — |
| ABT | ABBOTT LABORATORIES | $157.5M | 1,533,594 | 0.28% | — |
| GE | GE AEROSPACE | $150.8M | 531,086 | 0.27% | — |
| IBM | INTERNATIONAL BUSINESS MACHS | $150.0M | 618,901 | 0.27% | — |
| AMAT | APPLIED MATLS INC | $149.2M | 436,403 | 0.26% | — |
| VZ | VERIZON COMMUNICATIONS INC | $146.1M | 2,910,202 | 0.26% | — |
| NFLX | NETFLIX INC. | $145.8M | 1,516,508 | 0.26% | — |
| UNP | UNION PAC CORP | $141.0M | 581,240 | 0.25% | — |
| VT | VANGUARD INTL EQUITY INDEX F | $138.4M | 1,000,602 | 0.25% | — |
| ADI | ANALOG DEVICES INC | $138.2M | 434,326 | 0.25% | — |
| BIL | SPDR SERIES TRUST | $138.1M | 1,507,147 | 0.24% | — |
| TTE | TOTALENERGIES SE | $133.9M | 1,471,551 | 0.24% | — |
| SOXX | ISHARES TR | $133.8M | 407,179 | 0.24% | — |
| IEMG | ISHARES INC | $130.4M | 1,870,152 | 0.23% | — |
| ASML | ASML HLDG NV | $127.4M | 96,481 | 0.23% | — |
| BX | BLACKSTONE INC | $124.2M | 1,079,967 | 0.22% | — |
| RTX | RTX CORPORATION | $124.0M | 642,575 | 0.22% | — |
| VB | VANGUARD INDEX FDS | $120.3M | 459,424 | 0.21% | — |
| PLD | PROLOGIS INC. | $117.2M | 886,462 | 0.21% | — |
| EQIX | EQUINIX INC | $116.8M | 119,129 | 0.21% | — |
| SMH | VANECK ETF TRUST | $116.4M | 303,533 | 0.21% | — |
| VXUS | VANGUARD STAR FDS | $116.2M | 1,507,462 | 0.21% | — |
| PEP | PEPSICO INC | $116.1M | 747,629 | 0.21% | — |
| DLR | DIGITAL RLTY TR INC | $115.6M | 641,675 | 0.21% | — |
| AER | AERCAP HOLDINGS NV | $115.0M | 838,380 | 0.20% | — |
| CDNS | CADENCE DESIGN SYSTEM INC | $114.2M | 410,904 | 0.20% | — |
| EQT | EQT CORP | $111.7M | 1,755,084 | 0.20% | — |
| TLT | ISHARES TR | $108.6M | 1,253,148 | 0.19% | — |
| MU | MICRON TECHNOLOGY INC | $107.5M | 318,244 | 0.19% | — |
| AXP | AMERICAN EXPRESS CO | $105.1M | 347,366 | 0.19% | — |
| ETN | EATON CORP PLC | $102.3M | 286,072 | 0.18% | — |
| VBR | VANGUARD INDEX FDS | $100.9M | 464,272 | 0.18% | — |
| IVW | ISHARES TR | $100.2M | 885,451 | 0.18% | — |
| ORCL | ORACLE CORP | $99.9M | 679,247 | 0.18% | — |
| ET | ENERGY TRANSFER L P | $99.1M | 5,137,141 | 0.18% | — |
| JEPI | J P MORGAN EXCHANGE TRADED F | $97.1M | 1,713,220 | 0.17% | — |
| KMI | KINDER MORGAN INC DEL | $96.6M | 2,879,525 | 0.17% | — |
| VBK | VANGUARD INDEX FDS | $96.0M | 317,705 | 0.17% | — |
| UNH | UNITEDHEALTH GROUP INC | $95.6M | 353,319 | 0.17% | — |
| BA | BOEING CO | $95.0M | 477,213 | 0.17% | — |
| MA | MASTERCARD INCORPORATED | $94.7M | 189,496 | 0.17% | — |
| XLF | SELECT SECTOR SPDR TR | $94.7M | 1,917,275 | 0.17% | — |
| ISRG | INTUITIVE SURGICAL INC | $94.2M | 204,351 | 0.17% | — |
| FANG | DIAMONDBACK ENERGY INC | $94.2M | 476,120 | 0.17% | — |
| C | CITIGROUP INC | $93.6M | 825,709 | 0.17% | — |
| LNG | CHENIERE ENERGY INC | $93.3M | 328,651 | 0.17% | — |
| AZN | ASTRAZENECA PLC | $93.2M | 473,389 | 0.17% | — |
| IWR | ISHARES TR | $92.3M | 949,587 | 0.16% | — |
| HONGBP | HONEYWELL INTL INC | $90.8M | 401,565 | 0.16% | — |
| BAC | BANK AMERICA CORP | $90.4M | 1,854,660 | 0.16% | — |
| IVE | ISHARES TR | $90.0M | 426,428 | 0.16% | — |
| XLE | SELECT SECTOR SPDR TR | $88.0M | 1,436,875 | 0.16% | — |
| MGK | VANGUARD WORLD FD | $87.9M | 239,281 | 0.16% | — |
| CB | CHUBB LTD SWITZ | $87.7M | 268,873 | 0.16% | — |
| CEG | CONSTELLATION ENERGY CORP | $86.3M | 308,905 | 0.15% | — |
| XLV | SELECT SECTOR SPDR TR | $85.8M | 584,921 | 0.15% | — |
| VOT | VANGUARD INDEX FDS | $84.4M | 328,146 | 0.15% | — |
| BIV | VANGUARD BD INDEX FDS | $83.9M | 1,087,410 | 0.15% | — |
| DVY | ISHARES TR | $83.5M | 551,385 | 0.15% | — |
| BABA | ALIBABA GROUP HLDG LTD | $83.4M | 664,658 | 0.15% | — |
| APH | AMPHENOL CORP | $81.7M | 646,855 | 0.14% | — |
| EPD | ENTERPRISE PRODS PARTNERS L | $81.1M | 2,144,188 | 0.14% | — |
| FITB | FIFTH THIRD BANCORP | $81.1M | 1,744,519 | 0.14% | — |
| XLI | SELECT SECTOR SPDR TR | $79.0M | 488,458 | 0.14% | — |
| WMB | WILLIAMS COS INC | $78.9M | 1,083,494 | 0.14% | — |
| VONG | VANGUARD SCOTTSDALE FDS | $78.5M | 716,080 | 0.14% | — |
| AZO | AUTOZONE INC | $77.6M | 22,984 | 0.14% | — |
| DIS | DISNEY WALT CO | $77.5M | 804,003 | 0.14% | — |
| QUAL | ISHARES TR | $77.0M | 401,444 | 0.14% | — |
| USFR | WISDOMTREE TR | $76.9M | 1,527,134 | 0.14% | — |
| SPOT | SPOTIFY TECHNOLOGY S A | $76.7M | 158,224 | 0.14% | — |
| VRT | VERTIV HOLDINGS CO | $75.8M | 302,507 | 0.13% | — |
| RGA | REINSURANCE GROUP AMER INC | $75.5M | 369,647 | 0.13% | — |
| SLV | ISHARES SILVER TR | $75.4M | 1,106,130 | 0.13% | — |
| MUB | ISHARES TR | $75.0M | 706,540 | 0.13% | — |
| ORLY | OREILLY AUTOMOTIVE INC | $74.9M | 811,160 | 0.13% | — |
This table is the 150 largest positions by value, out of 4,684 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 Rockefeller Capital Management L.P. (CIK 1739439, accession 0001739439-26-000005). 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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