13F holdings
SCHRODER INVESTMENT MANAGEMENT GROUP portfolio
Managed by . 1,178 reported positions worth $122.0B as of 2026-03-31, filed with the SEC on 2026-05-14. Parsed from the filing itself, not a reseller.
$122.0B
Book value
1,178
Positions
33%
Top 10 weight
+135
New this quarter
-99
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 (135)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| RTX CORPORATION | RTX CORPORATION | $345.7M | 1,847,362 | 0.28% |
| FORTINET INC | FORTINET INC | $248.3M | 3,038,390 | 0.20% |
| ROKU | ROKU INC | $218.4M | 2,308,014 | 0.18% |
| IXC | ISHARES TR | $192.8M | 3,320,569 | 0.16% |
| NEXTPOWER INC | NEXTPOWER INC | $181.6M | 1,506,814 | 0.15% |
| VERISIGN INC | VERISIGN INC | $160.5M | 642,862 | 0.13% |
| SALLY BEAUTY HLDGS INC | SALLY BEAUTY HLDGS INC | $115.2M | 8,315,909 | 0.09% |
| CENCORA INC | CENCORA INC | $105.5M | 335,750 | 0.09% |
| KT | KT CORP | $80.0M | 3,781,943 | 0.07% |
| EDWARDS LIFESCIENCES COR | EDWARDS LIFESCIENCES CORP | $65.3M | 821,118 | 0.05% |
| QUANTA SVCS INC | QUANTA SVCS INC | $56.8M | 103,543 | 0.05% |
| SOUTHSTATE BK CORP | SOUTHSTATE BK CORP | $54.6M | 604,856 | 0.04% |
| XLV | SELECT SECTOR SPDR TR | $48.3M | 335,996 | 0.04% |
| WLK | WESTLAKE CORPORATION | $43.4M | 374,508 | 0.04% |
| WPM | WHEATON PRECIOUS METALS CORP | $40.4M | 327,480 | 0.03% |
| VALE S A | VALE S A | $38.5M | 2,417,169 | 0.03% |
| SOXX | ISHARES TR | $36.0M | 116,200 | 0.03% |
| CWST | CASELLA WASTE SYS INC | $35.1M | 448,049 | 0.03% |
| SPSM | SPDR SERIES TRUST | $32.9M | 699,363 | 0.03% |
| EBND | SPDR SERIES TRUST | $29.4M | 1,440,804 | 0.02% |
| MAC | MACERICH CO | $29.4M | 1,588,824 | 0.02% |
| ESSENTIAL PPTYS RLTY TR | ESSENTIAL PPTYS RLTY TR INC | $27.2M | 892,138 | 0.02% |
| GLOBE LIFE INC | GLOBE LIFE INC | $26.6M | 195,025 | 0.02% |
| TRAVELERS COMPANIES INC | TRAVELERS COMPANIES INC | $26.1M | 89,326 | 0.02% |
| RBA | RB GLOBAL INC | $25.5M | 270,226 | 0.02% |
Closed out (99)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| STRUCTURE THERAPEUTICS I | STRUCTURE THERAPEUTICS INC | $1.5B | 23,669,250 | 0.00% |
| BIDU | BAIDU INC | $153.2M | 1,157,374 | 0.00% |
| M | MACYS INC | $110.7M | 5,019,982 | 0.00% |
| EFV | ISHARES TR | $101.2M | 1,412,071 | 0.00% |
| MTCH | MATCH GROUP INC NEW | $42.1M | 1,309,475 | 0.00% |
| ESAB | ESAB CORPORATION | $34.3M | 302,900 | 0.00% |
| NGDN | NEW GOLD INC CDA | $27.2M | 3,091,877 | 0.00% |
| EHC | ENCOMPASS HEALTH CORP | $23.2M | 215,507 | 0.00% |
| POST | POST HLDGS INC | $19.1M | 192,517 | 0.00% |
| AG | FIRST MAJESTIC SILVER CORP | $16.9M | 1,017,370 | 0.00% |
| SLGN | SILGAN HLDGS INC | $16.8M | 413,368 | 0.00% |
| XME | SPDR SERIES TRUST | $16.3M | 156,000 | 0.00% |
| RYAAY | RYANAIR HOLDINGS PLC | $16.0M | 219,313 | 0.00% |
| DBX | DROPBOX INC | $10.8M | 389,925 | 0.00% |
| SONO | SONOS INC | $9.8M | 551,495 | 0.00% |
| MTG | MGIC INVT CORP WIS | $8.9M | 300,931 | 0.00% |
| FXI | ISHARES TR | $8.4M | 216,500 | 0.00% |
| THC | TENET HEALTHCARE CORP | $8.4M | 41,582 | 0.00% |
| SEIC | SEI INVTS CO | $8.3M | 100,359 | 0.00% |
| APLSUSD | APELLIS PHARMACEUTICALS INC | $8.3M | 329,134 | 0.00% |
| AN | AUTONATION INC | $8.0M | 38,301 | 0.00% |
| DYN | DYNE THERAPEUTICS INC | $7.4M | 386,953 | 0.00% |
| CC | CHEMOURS CO | $7.3M | 616,609 | 0.00% |
| CSG SYS INTL INC | CSG SYS INTL INC | $7.0M | 91,662 | 0.00% |
| NXST | NEXSTAR MEDIA GROUP INC | $6.7M | 32,811 | 0.00% |
Added to (477)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPORATION | $7.6B | 46,181,405 | 6.25% | +4% |
| AAPL | APPLE INC | $5.1B | 19,929,692 | 4.15% | +22% |
| AVGO | BROADCOM INC | $3.4B | 10,967,724 | 2.78% | +4% |
| ANET | ARISTA NETWORKS INC | $1.1B | 9,757,153 | 0.93% | +12% |
| MELI | MERCADOLIBRE INC | $1.1B | 697,086 | 0.93% | +40% |
| NEE | NEXTERA ENERGY INC | $1.1B | 12,110,984 | 0.92% | +8% |
| KO | COCA COLA CO | $1.0B | 13,731,095 | 0.86% | +5% |
| JNJ | JOHNSON & JOHNSON | $939.7M | 3,844,298 | 0.77% | +57% |
| PH | PARKER-HANNIFIN CORP | $879.9M | 982,854 | 0.72% | +11% |
| GOOG | ALPHABET INC | $795.0M | 2,771,464 | 0.65% | +3% |
| MDT | MEDTRONIC PLC | $745.8M | 8,606,604 | 0.61% | +2% |
| MNST | MONSTER BEVERAGE CORP NEW | $744.7M | 10,441,575 | 0.61% | +8% |
| VOO | VANGUARD INDEX FDS | $707.2M | 1,217,426 | 0.58% | +16% |
| KLAC | KLA CORP | $631.0M | 428,583 | 0.52% | +7% |
| CDNS | CADENCE DESIGN SYSTEM INC | $610.9M | 2,198,452 | 0.50% | +3% |
Trimmed (465)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| XP | XP INC | $647,493 | 34,007 | 0.00% | -100% |
| CUZ | COUSINS PPTYS INC | $301,661 | 13,844 | 0.00% | -99% |
| HPE | HEWLETT PACKARD ENTERPRISE C | $3.4M | 152,354 | 0.00% | -98% |
| CHKP | CHECK POINT SOFTWARE TECH LT | $3.5M | 24,294 | 0.00% | -97% |
| DOCU | DOCUSIGN INC | $1.1M | 22,971 | 0.00% | -97% |
| WCN | WASTE CONNECTIONS INC | $3.1M | 19,307 | 0.00% | -96% |
| HMY | HARMONY GOLD MNG LTD | $164,058 | 11,586 | 0.00% | -96% |
| VGIT | VANGUARD SCOTTSDALE FDS | $902,504 | 15,186 | 0.00% | -96% |
| WIX | WIX COM LTD | $296,257 | 3,375 | 0.00% | -96% |
| AFG | AMERICAN FINANCIAL GROUP INC | $226,813 | 1,776 | 0.00% | -94% |
| DAL | DELTA AIR LINES INC | $260,668 | 3,921 | 0.00% | -94% |
| UMC | UNITED MICROELECTRONICS CORP | $2.5M | 293,095 | 0.00% | -93% |
| GEN | GEN DIGITAL INC | $562,040 | 30,679 | 0.00% | -88% |
| ASX | ASE TECHNOLOGY HLDG CO LTD | $22.4M | 1,074,595 | 0.02% | -85% |
| AYI | ACUITY INC | $4.2M | 15,396 | 0.00% | -84% |
The book
Largest 150 of 1,178 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPORATION | $7.6B | 46,181,405 | 6.25% | — |
| GOOGL | ALPHABET INC | $6.5B | 22,697,348 | 5.35% | — |
| MSFT | MICROSOFT CORP | $5.7B | 15,440,474 | 4.69% | — |
| AAPL | APPLE INC | $5.1B | 19,929,692 | 4.15% | — |
| AVGO | BROADCOM INC | $3.4B | 10,967,724 | 2.78% | — |
| AMZN | AMAZON COM INC | $3.0B | 14,263,335 | 2.44% | — |
| META | META PLATFORMS INC | $3.0B | 5,160,323 | 2.42% | — |
| V | VISA INC | $2.1B | 6,909,927 | 1.71% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $2.0B | 5,964,169 | 1.65% | — |
| JPM | JPMORGAN CHASE & CO | $1.9B | 6,540,446 | 1.52% | — |
| MS | MORGAN STANLEY | $1.7B | 10,244,669 | 1.38% | — |
| ANET | ARISTA NETWORKS INC | $1.1B | 9,757,153 | 0.93% | — |
| MELI | MERCADOLIBRE INC | $1.1B | 697,086 | 0.93% | — |
| NEE | NEXTERA ENERGY INC | $1.1B | 12,110,984 | 0.92% | — |
| LLY | ELI LILLY & CO | $1.1B | 1,169,027 | 0.88% | — |
| KO | COCA COLA CO | $1.0B | 13,731,095 | 0.86% | — |
| MA | MASTERCARD INCORPORATED | $1.0B | 2,028,219 | 0.83% | — |
| TPR | TAPESTRY INC | $998.0M | 7,072,496 | 0.82% | — |
| JNJ | JOHNSON & JOHNSON | $939.7M | 3,844,298 | 0.77% | — |
| PH | PARKER-HANNIFIN CORP | $879.9M | 982,854 | 0.72% | — |
| TMO | THERMO FISHER SCIENTIFIC INC | $849.6M | 1,728,440 | 0.70% | — |
| GOOG | ALPHABET INC | $795.0M | 2,771,464 | 0.65% | — |
| EMR | EMERSON ELEC CO | $755.0M | 5,762,140 | 0.62% | — |
| MDT | MEDTRONIC PLC | $745.8M | 8,606,604 | 0.61% | — |
| MNST | MONSTER BEVERAGE CORP NEW | $744.7M | 10,441,575 | 0.61% | — |
| BMY | BRISTOL-MYERS SQUIBB CO | $742.1M | 12,235,494 | 0.61% | — |
| TME | TENCENT MUSIC ENTMT GROUP | $713.0M | 76,829,728 | 0.58% | — |
| VOO | VANGUARD INDEX FDS | $707.2M | 1,217,426 | 0.58% | — |
| CRM | SALESFORCE INC | $678.1M | 3,632,811 | 0.56% | — |
| NFLX | NETFLIX INC. | $672.1M | 6,990,309 | 0.55% | — |
| KLAC | KLA CORP | $631.0M | 428,583 | 0.52% | — |
| TJX | TJX COS INC NEW | $628.4M | 3,934,984 | 0.52% | — |
| TSLA | TESLA INC | $611.5M | 1,645,001 | 0.50% | — |
| CDNS | CADENCE DESIGN SYSTEM INC | $610.9M | 2,198,452 | 0.50% | — |
| SPOT | SPOTIFY TECHNOLOGY S A | $599.3M | 1,235,814 | 0.49% | — |
| COP | CONOCOPHILLIPS | $596.4M | 4,517,954 | 0.49% | — |
| ARM | ARM HOLDINGS PLC | $578.5M | 3,824,345 | 0.47% | — |
| EXMOC | EXXON MOBIL CORP | $577.0M | 3,400,741 | 0.47% | — |
| IVV | ISHARES TR | $574.2M | 904,364 | 0.47% | — |
| GEV | GE VERNOVA INC | $570.3M | 697,707 | 0.47% | — |
| HDB | HDFC BANK LTD | $560.1M | 22,513,235 | 0.46% | — |
| PG | PROCTER & GAMBLE CO | $550.5M | 3,811,144 | 0.45% | — |
| EL | LAUDER ESTEE COS INC | $545.1M | 8,018,556 | 0.45% | — |
| CB | CHUBB LTD SWITZ | $542.5M | 1,667,429 | 0.44% | — |
| VRT | VERTIV HOLDINGS CO | $519.3M | 2,072,504 | 0.43% | — |
| SE | SEA LTD | $519.3M | 6,270,387 | 0.43% | — |
| ITUB | ITAU UNIBANCO HLDG S A | $509.1M | 64,691,459 | 0.42% | — |
| HWM | HOWMET AEROSPACE INC | $503.4M | 2,257,509 | 0.41% | — |
| BKNG | BOOKING HOLDINGS INC | $493.8M | 117,272 | 0.40% | — |
| GE | GE AEROSPACE | $476.1M | 1,742,235 | 0.39% | — |
| AXP | AMERICAN EXPRESS CO | $473.6M | 1,565,565 | 0.39% | — |
| ABBV | ABBVIE INC | $472.3M | 2,216,285 | 0.39% | — |
| AMD | ADVANCED MICRO DEVICES INC | $466.1M | 2,291,343 | 0.38% | — |
| UBER | UBER TECHNOLOGIES INC | $465.8M | 6,475,051 | 0.38% | — |
| HTHT | H WORLD GROUP LTD | $457.7M | 9,101,227 | 0.38% | — |
| BSX | BOSTON SCIENTIFIC CORP | $455.1M | 7,252,007 | 0.37% | — |
| SYK | STRYKER CORPORATION | $447.9M | 1,377,172 | 0.37% | — |
| LITE | LUMENTUM HLDGS INC | $425.9M | 606,056 | 0.35% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $424.3M | 885,528 | 0.35% | — |
| ITW | ILLINOIS TOOL WKS INC | $414.9M | 1,629,820 | 0.34% | — |
| ETN | EATON CORP PLC | $409.6M | 1,192,472 | 0.34% | — |
| VZ | VERIZON COMMUNICATIONS INC | $408.1M | 8,128,813 | 0.33% | — |
| EWBC | EAST WEST BANCORP INC | $401.2M | 3,864,877 | 0.33% | — |
| VT | VANGUARD INTL EQUITY INDEX F | $400.4M | 2,983,473 | 0.33% | — |
| KGC | KINROSS GOLD CORP | $398.6M | 13,060,236 | 0.33% | — |
| MCO | MOODYS CORP | $384.8M | 890,699 | 0.32% | — |
| HD | HOME DEPOT INC | $381.8M | 1,180,247 | 0.31% | — |
| PANW | PALO ALTO NETWORKS INC | $381.5M | 2,379,617 | 0.31% | — |
| PBR | PETROLEO BRASILEIRO S A | $380.0M | 18,314,316 | 0.31% | — |
| CSCO | CISCO SYS INC | $378.3M | 4,875,969 | 0.31% | — |
| CTRA | COTERRA ENERGY INC | $358.8M | 10,210,977 | 0.29% | — |
| BZ | KANZHUN LIMITED | $356.4M | 26,614,992 | 0.29% | — |
| PFE | PFIZER INC | $353.7M | 12,595,834 | 0.29% | — |
| AZO | AUTOZONE INC | $352.0M | 105,318 | 0.29% | — |
| CAT | CATERPILLAR INC | $350.6M | 494,926 | 0.29% | — |
| COST | COSTCO WHOLESALE CORPORATION | $349.6M | 350,849 | 0.29% | — |
| RTX CORPORATION | RTX CORPORATION | $345.7M | 1,847,362 | 0.28% | — |
| MCD | MCDONALDS CORP | $342.0M | 1,100,480 | 0.28% | — |
| LRCX | LAM RESEARCH CORP | $338.1M | 1,582,367 | 0.28% | — |
| CVX | CHEVRON CORPORATION | $334.5M | 1,587,512 | 0.27% | — |
| LOW | LOWES COS INC | $329.7M | 1,395,516 | 0.27% | — |
| HCA | HCA HEALTHCARE INC | $324.5M | 685,657 | 0.27% | — |
| TT | TRANE TECHNOLOGIES PLC | $316.8M | 784,265 | 0.26% | — |
| FMX | FOMENTO ECONOMICO MEXICANO S | $311.9M | 2,884,741 | 0.26% | — |
| ECL | ECOLAB INC | $307.0M | 1,169,673 | 0.25% | — |
| PDD | PDD HOLDINGS INC | $305.2M | 2,986,687 | 0.25% | — |
| CX | CEMEX SA EURO MTN BE 144A | $304.9M | 26,651,405 | 0.25% | — |
| WELL | WELLTOWER INC | $302.2M | 1,528,544 | 0.25% | — |
| VEEV | VEEVA SYS INC | $300.8M | 1,712,507 | 0.25% | — |
| TXN | TEXAS INSTRS INC | $297.0M | 1,529,778 | 0.24% | — |
| ORLY | OREILLY AUTOMOTIVE INC | $292.2M | 3,165,002 | 0.24% | — |
| BAP | CREDICORP LTD | $291.9M | 860,725 | 0.24% | — |
| FWONK | LIBERTY MEDIA CORP DEL | $291.9M | 3,433,167 | 0.24% | — |
| BLK | BLACKROCK INC | $290.1M | 310,568 | 0.24% | — |
| BKR | BAKER HUGHES COMPANY | $289.2M | 4,766,052 | 0.24% | — |
| YMM | FULL TRUCK ALLIANCE CO LTD | $288.6M | 34,765,474 | 0.24% | — |
| WMT | WALMART INC | $280.2M | 2,254,602 | 0.23% | — |
| NEM | NEWMONT CORP | $277.4M | 2,562,427 | 0.23% | — |
| CARR | CARRIER GLOBAL CORPORATION | $271.3M | 4,990,296 | 0.22% | — |
| BBY | BEST BUY INC | $266.2M | 4,146,042 | 0.22% | — |
| MU | MICRON TECHNOLOGY INC | $262.0M | 775,430 | 0.21% | — |
| EOG | EOG RES INC | $259.1M | 1,728,429 | 0.21% | — |
| FORTINET INC | FORTINET INC | $248.3M | 3,038,390 | 0.20% | — |
| BAC | BANK AMERICA CORP | $247.7M | 5,081,740 | 0.20% | — |
| NOW | SERVICENOW INC | $237.1M | 2,267,541 | 0.19% | — |
| MAKEMYTRIP LIMITED MAURI | MAKEMYTRIP LIMITED MAURITIUS | $234.9M | 6,298,409 | 0.19% | — |
| PGR | PROGRESSIVE CORP | $229.9M | 1,159,882 | 0.19% | — |
| LQD | ISHARES TR | $226.7M | 2,092,710 | 0.19% | — |
| GILD | GILEAD SCIENCES INC | $221.0M | 1,585,507 | 0.18% | — |
| QCOM | QUALCOMM INC | $219.4M | 1,726,450 | 0.18% | — |
| CSX | CSX CORP | $218.6M | 5,325,102 | 0.18% | — |
| ROKU | ROKU INC | $218.4M | 2,308,014 | 0.18% | — |
| IBN | ICICI BANK LIMITED | $216.7M | 8,366,632 | 0.18% | — |
| EQIX | EQUINIX INC | $214.2M | 218,556 | 0.18% | — |
| IBM | INTERNATIONAL BUSINESS MACHS | $213.1M | 879,304 | 0.17% | — |
| MRK | MERCK & CO INC | $211.3M | 1,756,247 | 0.17% | — |
| PLD | PROLOGIS INC. | $210.4M | 1,591,705 | 0.17% | — |
| HPQ | HP INC | $209.5M | 10,903,297 | 0.17% | — |
| AMAT | APPLIED MATLS INC | $208.9M | 646,497 | 0.17% | — |
| VMC | VULCAN MATLS CO | $208.1M | 764,131 | 0.17% | — |
| ADBE | ADOBE INC | $207.4M | 853,397 | 0.17% | — |
| DE | DEERE & CO | $206.7M | 373,108 | 0.17% | — |
| VTR | VENTAS INC | $205.4M | 2,511,625 | 0.17% | — |
| GS | GOLDMAN SACHS GROUP INC | $205.3M | 242,691 | 0.17% | — |
| APH | AMPHENOL CORP | $201.6M | 1,595,729 | 0.17% | — |
| LEA | LEAR CORP | $199.8M | 1,715,912 | 0.16% | — |
| AMGN | AMGEN INC | $196.9M | 564,067 | 0.16% | — |
| ISRG | INTUITIVE SURGICAL INC | $196.5M | 426,341 | 0.16% | — |
| PLTR | PALANTIR TECHNOLOGIES INC | $195.0M | 1,332,846 | 0.16% | — |
| IXC | ISHARES TR | $192.8M | 3,320,569 | 0.16% | — |
| INTU | INTUIT | $192.0M | 443,976 | 0.16% | — |
| ADI | ANALOG DEVICES INC | $191.6M | 602,328 | 0.16% | — |
| EWY | ISHARES INC | $190.4M | 1,635,317 | 0.16% | — |
| HAL | HALLIBURTON CO | $189.0M | 4,848,390 | 0.16% | — |
| FSLR | FIRST SOLAR INC | $188.2M | 1,018,826 | 0.15% | — |
| OTIS | OTIS WORLDWIDE CORP | $186.5M | 2,443,406 | 0.15% | — |
| SWK | STANLEY BLACK & DECKER INC | $186.5M | 2,624,166 | 0.15% | — |
| ICE | INTERCONTINENTAL EXCHANGE IN | $181.7M | 1,157,976 | 0.15% | — |
| NEXTPOWER INC | NEXTPOWER INC | $181.6M | 1,506,814 | 0.15% | — |
| TMUS | T-MOBILE US INC | $173.0M | 808,528 | 0.14% | — |
| UNH | UNITEDHEALTH GROUP INC | $169.8M | 627,534 | 0.14% | — |
| PEP | PEPSICO INC | $168.9M | 1,076,823 | 0.14% | — |
| FCX | FREEPORT MCMORAN INC | $167.6M | 3,066,701 | 0.14% | — |
| MSI | MOTOROLA SOLUTIONS INC | $163.5M | 376,696 | 0.13% | — |
| VERISIGN INC | VERISIGN INC | $160.5M | 642,862 | 0.13% | — |
| RING | ISHARES INC | $159.6M | 2,155,790 | 0.13% | — |
| USB | US BANCORP | $158.0M | 3,136,833 | 0.13% | — |
| T | AT&T INC | $155.3M | 5,356,616 | 0.13% | — |
| MCK | MCKESSON CORP | $155.1M | 179,196 | 0.13% | — |
| SPG | SIMON PPTY GROUP INC NEW | $153.7M | 823,874 | 0.13% | — |
This table is the 150 largest positions by value, out of 1,178 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 SCHRODER INVESTMENT MANAGEMENT GROUP (CIK 1086619, accession 0001140361-26-021232). 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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