13F holdings
SEI INVESTMENTS CO portfolio
Managed by . 3,228 reported positions worth $108.4B as of 2026-03-31, filed with the SEC on 2026-05-13. Parsed from the filing itself, not a reseller.
$108.4B
Book value
3,228
Positions
19%
Top 10 weight
+254
New this quarter
-144
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 (254)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| PAAA | PGIM ETF TR | $311.6M | 6,088,840 | 0.29% |
| AZN | ASTRAZENECA PLC | $134.8M | 683,752 | 0.12% |
| QGEN | QIAGEN NV | $70.7M | 1,766,782 | 0.07% |
| TFLR | T ROWE PRICE ETF INC | $65.2M | 1,294,767 | 0.06% |
| PIPR | PIPER SANDLER COMPANIES | $28.1M | 366,575 | 0.03% |
| AMCR | AMCOR PLC | $24.3M | 610,384 | 0.02% |
| SUNB | SUNBELT RENTALS HOLDINGS INC | $21.4M | 328,756 | 0.02% |
| PNFP | PINNACLE FINL PARTNERS INC | $20.6M | 239,438 | 0.02% |
| SPTS | SPDR SERIES TRUST | $11.6M | 398,443 | 0.01% |
| VSNT | VERSANT MEDIA GROUP INC | $11.5M | 310,308 | 0.01% |
| YSS | YORK SPACE SYSTEMS INC | $9.2M | 415,456 | 0.01% |
| TRMD | TORM PLC | $7.7M | 276,155 | 0.01% |
| ITGR 1.875 03/15/30 | INTEGER HLDGS CORP | $6.5M | 6,782,000 | 0.01% |
| SPTI | SPDR SERIES TRUST | $6.3M | 220,000 | 0.01% |
| SEIE | SEI EXCHANGE TRADED FUNDS | $5.7M | 174,800 | 0.01% |
| VCSH | VANGUARD SCOTTSDALE FDS | $5.7M | 71,460 | 0.01% |
| SPTL | SPDR SERIES TRUST | $5.3M | 200,069 | 0.00% |
| SHLD | GLOBAL X FDS | $5.1M | 71,610 | 0.00% |
| INDV | INDIVIOR PHARMACEUTICALS INC | $5.0M | 164,214 | 0.00% |
| SEIS | SEI EXCHANGE TRADED FUNDS | $3.4M | 122,804 | 0.00% |
| BOBS | BOBS DISC FURNITURE INC | $3.2M | 269,088 | 0.00% |
| GCT | GIGACLOUD TECHNOLOGY INC | $2.8M | 61,402 | 0.00% |
| IBTH | ISHARES TR | $2.7M | 121,375 | 0.00% |
| ETOR | ETORO GROUP LTD | $2.6M | 85,873 | 0.00% |
| MITK | MITEK SYS INC | $2.5M | 187,481 | 0.00% |
Closed out (144)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| AZNN | ASTRAZENECA PLC | $88.8M | 966,235 | 0.00% |
| QGEN | QIAGEN NV | $88.1M | 1,959,368 | 0.00% |
| AMCR | AMCOR PLC | $27.5M | 3,291,494 | 0.00% |
| 62C | PIPER SANDLER COMPANIES | $20.6M | 60,785 | 0.00% |
| PCH | POTLATCHDELTIC CORPORATION | $18.1M | 455,041 | 0.00% |
| PINNACLE FINL PARTNERS I | PINNACLE FINL PARTNERS INC | $11.8M | 123,229 | 0.00% |
| EXK | EXACT SCIENCES CORP | $9.7M | 95,573 | 0.00% |
| 8QR | CONFLUENT INC | $8.4M | 276,529 | 0.00% |
| INDV | INDIVIOR PLC | $7.0M | 196,051 | 0.00% |
| CYBR | CYBERARK SOFTWARE LTD | $6.4M | 14,451 | 0.00% |
| K4F | ONESTREAM INC | $5.5M | 301,913 | 0.00% |
| CMA | COMERICA INC | $3.9M | 45,192 | 0.00% |
| SYU1 | SYNOVUS FINL CORP | $3.6M | 72,127 | 0.00% |
| VITL | VITAL FARMS INC | $3.2M | 101,291 | 0.00% |
| ANYWHERE REAL ESTATE INC | ANYWHERE REAL ESTATE INC | $3.0M | 208,811 | 0.00% |
| CADE | CADENCE BANK | $2.7M | 62,233 | 0.00% |
| 1RG | REV GROUP INC | $2.6M | 43,004 | 0.00% |
| GDEN | GOLDEN ENTMT INC | $2.6M | 95,114 | 0.00% |
| CDTX | CIDARA THERAPEUTICS INC | $2.5M | 11,335 | 0.00% |
| CLW | CLEARWATER PAPER CORP | $2.2M | 128,381 | 0.00% |
| CIVI | CIVITAS RESOURCES INC | $2.0M | 74,931 | 0.00% |
| THS | TREEHOUSE FOODS INC | $1.7M | 73,240 | 0.00% |
| EZA | ISHARES INC | $1.5M | 22,500 | 0.00% |
| BBNX | BETA BIONICS INC | $1.5M | 48,074 | 0.00% |
| DQ | DAQO NEW ENERGY CORP | $1.5M | 49,156 | 0.00% |
Added to (2001)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPORATION | $3.8B | 21,684,924 | 3.49% | +13% |
| AAPL | APPLE INC | $2.9B | 11,250,613 | 2.63% | +19% |
| AMZN | AMAZON COM INC | $2.2B | 10,492,826 | 2.02% | +10% |
| GOOG | ALPHABET INC | $1.7B | 5,860,888 | 1.55% | +29% |
| AVGO | BROADCOM INC | $1.6B | 5,075,086 | 1.45% | +23% |
| SCHG | SCHWAB STRATEGIC TR | $1.4B | 47,564,768 | 1.28% | +8% |
| BND | VANGUARD BD INDEX FDS | $1.4B | 18,628,006 | 1.26% | +4% |
| GOOGL | ALPHABET INC | $1.2B | 4,169,123 | 1.11% | +9% |
| META | META PLATFORMS INC | $1.1B | 1,971,374 | 1.04% | +15% |
| IDEV | ISHARES TR | $1.0B | 12,439,499 | 0.96% | +2% |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $875.8M | 2,591,510 | 0.81% | +12% |
| SCHX | SCHWAB STRATEGIC TR | $834.0M | 32,528,571 | 0.77% | +5% |
| VTV | VANGUARD INDEX FDS | $753.1M | 3,838,454 | 0.69% | +2% |
| VTEB | VANGUARD MUN BD FDS | $706.7M | 14,164,689 | 0.65% | +5% |
| LLY | ELI LILLY & CO | $705.8M | 767,347 | 0.65% | +19% |
Trimmed (709)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| EWT | ISHARES INC | $577,270 | 8,139 | 0.00% | -96% |
| CWAN | CLEARWATER ANALYTICS HLDGS I | $1.7M | 71,883 | 0.00% | -95% |
| BKLN | INVESCO EXCH TRADED FD TR II | $3.6M | 174,530 | 0.00% | -95% |
| COUR | COURSERA INC | $101,367 | 17,417 | 0.00% | -93% |
| ABR | ARBOR REALTY TRUST INC | $90,299 | 11,710 | 0.00% | -92% |
| CLAR | CLARUS CORP NEW | $44,873 | 16,497 | 0.00% | -91% |
| WF | WOORI FINL GROUP INC | $340,530 | 5,112 | 0.00% | -91% |
| PAYC | PAYCOM SOFTWARE INC | $1.9M | 15,510 | 0.00% | -90% |
| ATAT | ATOUR LIFESTYLE HLDGS LTD | $777,600 | 21,125 | 0.00% | -88% |
| UWMC | UWM HOLDINGS CORPORATION | $76,891 | 21,238 | 0.00% | -88% |
| AQST | AQUESTIVE THERAPEUTICS INC | $103,107 | 24,845 | 0.00% | -87% |
| ALITEUR | ALIGHT INC | $63,123 | 108,294 | 0.00% | -87% |
| LUNR | INTUITIVE MACHINES INC | $274,855 | 14,809 | 0.00% | -87% |
| GOSS | GOSSAMER BIO INC | $10,354 | 31,520 | 0.00% | -86% |
| INVZ | INNOVIZ TECHNOLOGIES LTD | $20,590 | 32,590 | 0.00% | -86% |
The book
Largest 150 of 3,228 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPORATION | $3.8B | 21,684,924 | 3.49% | — |
| AAPL | APPLE INC | $2.9B | 11,250,613 | 2.63% | — |
| MSFT | MICROSOFT CORP | $2.6B | 7,000,712 | 2.39% | — |
| AMZN | AMAZON COM INC | $2.2B | 10,492,826 | 2.02% | — |
| GOOG | ALPHABET INC | $1.7B | 5,860,888 | 1.55% | — |
| VEA | VANGUARD TAX-MANAGED FDS | $1.6B | 24,732,041 | 1.46% | — |
| AVGO | BROADCOM INC | $1.6B | 5,075,086 | 1.45% | — |
| SCHG | SCHWAB STRATEGIC TR | $1.4B | 47,564,768 | 1.28% | — |
| BND | VANGUARD BD INDEX FDS | $1.4B | 18,628,006 | 1.26% | — |
| SCHV | SCHWAB STRATEGIC TR | $1.4B | 44,768,506 | 1.26% | — |
| GOOGL | ALPHABET INC | $1.2B | 4,169,123 | 1.11% | — |
| META | META PLATFORMS INC | $1.1B | 1,971,374 | 1.04% | — |
| IDEV | ISHARES TR | $1.0B | 12,439,499 | 0.96% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $875.8M | 2,591,510 | 0.81% | — |
| SCHX | SCHWAB STRATEGIC TR | $834.0M | 32,528,571 | 0.77% | — |
| VTV | VANGUARD INDEX FDS | $753.1M | 3,838,454 | 0.69% | — |
| VTEB | VANGUARD MUN BD FDS | $706.7M | 14,164,689 | 0.65% | — |
| LLY | ELI LILLY & CO | $705.8M | 767,347 | 0.65% | — |
| NXUS | NUSHARES ETF TR | $646.9M | 26,093,255 | 0.60% | — |
| VUG | VANGUARD INDEX FDS | $643.0M | 1,472,034 | 0.59% | — |
| IEMG | ISHARES INC | $633.0M | 9,074,872 | 0.58% | — |
| MA | MASTERCARD INCORPORATED | $621.4M | 1,243,557 | 0.57% | — |
| SEIV | SEI EXCHANGE TRADED FUNDS | $620.9M | 14,939,112 | 0.57% | — |
| SEIM | SEI EXCHANGE TRADED FUNDS | $613.5M | 13,469,751 | 0.57% | — |
| VWO | VANGUARD INTL EQUITY INDEX F | $610.6M | 11,297,600 | 0.56% | — |
| BNDX | VANGUARD CHARLOTTE FDS | $588.6M | 12,250,083 | 0.54% | — |
| MUB | ISHARES TR | $559.9M | 5,274,695 | 0.52% | — |
| V | VISA INC | $558.2M | 1,846,896 | 0.51% | — |
| TSLA | TESLA INC | $557.5M | 1,499,674 | 0.51% | — |
| WELL | WELLTOWER INC | $525.6M | 2,658,479 | 0.48% | — |
| NFLX | NETFLIX INC. | $502.5M | 5,226,023 | 0.46% | — |
| JNJ | JOHNSON & JOHNSON | $479.5M | 1,961,422 | 0.44% | — |
| SPHY | SPDR SERIES TRUST | $462.5M | 19,832,325 | 0.43% | — |
| SCHA | SCHWAB STRATEGIC TR | $428.5M | 14,734,817 | 0.40% | — |
| SCHO | SCHWAB STRATEGIC TR | $406.3M | 16,741,000 | 0.37% | — |
| GE | GE AEROSPACE | $382.9M | 1,349,422 | 0.35% | — |
| JPM | JPMORGAN CHASE & CO | $382.0M | 1,298,620 | 0.35% | — |
| GEV | GE VERNOVA INC | $380.5M | 435,878 | 0.35% | — |
| ASML | ASML HLDG NV | $379.4M | 287,225 | 0.35% | — |
| SPOT | SPOTIFY TECHNOLOGY S A | $363.4M | 749,495 | 0.34% | — |
| AMD | ADVANCED MICRO DEVICES INC | $354.9M | 1,744,530 | 0.33% | — |
| BKNG | BOOKING HOLDINGS INC | $352.0M | 83,598 | 0.32% | — |
| SCHP | SCHWAB STRATEGIC TR | $344.7M | 12,955,292 | 0.32% | — |
| EXMOC | EXXON MOBIL CORP | $335.2M | 1,975,677 | 0.31% | — |
| WWD | WOODWARD INC | $323.7M | 904,404 | 0.30% | — |
| VBR | VANGUARD INDEX FDS | $323.0M | 1,486,561 | 0.30% | — |
| SHOP | SHOPIFY INC | $320.8M | 2,704,618 | 0.30% | — |
| IEFA | ISHARES TR | $320.6M | 3,541,623 | 0.30% | — |
| ACWV | ISHARES INC | $317.5M | 2,656,828 | 0.29% | — |
| PAAA | PGIM ETF TR | $311.6M | 6,088,840 | 0.29% | — |
| PLTR | PALANTIR TECHNOLOGIES INC | $310.5M | 2,122,880 | 0.29% | — |
| SUB | ISHARES TR | $304.6M | 2,860,129 | 0.28% | — |
| SEIQ | SEI EXCHANGE TRADED FUNDS | $299.0M | 8,212,136 | 0.28% | — |
| VBK | VANGUARD INDEX FDS | $297.6M | 984,721 | 0.27% | — |
| DLR | DIGITAL RLTY TR INC | $296.6M | 1,645,851 | 0.27% | — |
| CBRE | CBRE GROUP INC | $295.5M | 2,181,413 | 0.27% | — |
| PLD | PROLOGIS INC. | $295.2M | 2,233,173 | 0.27% | — |
| PH | PARKER-HANNIFIN CORP | $294.9M | 329,345 | 0.27% | — |
| ISRG | INTUITIVE SURGICAL INC | $292.1M | 633,666 | 0.27% | — |
| VZ | VERIZON COMMUNICATIONS INC | $287.1M | 5,718,859 | 0.26% | — |
| VTIP | VANGUARD MALVERN FDS | $286.1M | 5,727,635 | 0.26% | — |
| RTX | RTX CORPORATION | $285.1M | 1,478,164 | 0.26% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $283.4M | 591,360 | 0.26% | — |
| NHYB | NUSHARES ETF TR | $274.9M | 11,161,019 | 0.25% | — |
| PM | PHILIP MORRIS INTL INC | $274.8M | 1,661,815 | 0.25% | — |
| T | AT&T INC | $271.6M | 9,367,726 | 0.25% | — |
| MU | MICRON TECHNOLOGY INC | $271.0M | 802,106 | 0.25% | — |
| VWOB | VANGUARD WHITEHALL FDS | $269.2M | 4,097,342 | 0.25% | — |
| BCI | ABRDN ETFS | $260.2M | 10,712,681 | 0.24% | — |
| EQIX | EQUINIX INC | $256.6M | 261,732 | 0.24% | — |
| MRK | MERCK & CO INC | $252.9M | 2,102,456 | 0.23% | — |
| TDY | TELEDYNE TECHNOLOGIES INC | $251.1M | 414,989 | 0.23% | — |
| BAC | BANK AMERICA CORP | $247.7M | 5,081,517 | 0.23% | — |
| LIN | LINDE PLC | $245.4M | 494,915 | 0.23% | — |
| C | CITIGROUP INC | $245.0M | 2,160,350 | 0.23% | — |
| MCK | MCKESSON CORP | $244.9M | 283,014 | 0.23% | — |
| EMLC | VANECK ETF TRUST | $242.2M | 9,646,081 | 0.22% | — |
| LRCX | LAM RESEARCH CORP | $238.1M | 1,114,239 | 0.22% | — |
| MS | MORGAN STANLEY | $232.1M | 1,410,293 | 0.21% | — |
| CI | THE CIGNA GROUP | $231.0M | 865,893 | 0.21% | — |
| LHX | L3HARRIS TECHNOLOGIES INC | $230.1M | 666,545 | 0.21% | — |
| INSM | INSMED INC | $228.2M | 1,395,794 | 0.21% | — |
| SE | SEA LTD | $226.9M | 2,739,851 | 0.21% | — |
| WMT | WALMART INC | $226.6M | 1,823,413 | 0.21% | — |
| CSCO | CISCO SYS INC | $225.9M | 2,911,194 | 0.21% | — |
| AMAT | APPLIED MATLS INC | $223.8M | 654,891 | 0.21% | — |
| COST | COSTCO WHOLESALE CORPORATION | $222.2M | 223,003 | 0.20% | — |
| CVX | CHEVRON CORPORATION | $221.6M | 1,071,141 | 0.20% | — |
| HCA | HCA HEALTHCARE INC | $221.4M | 467,796 | 0.20% | — |
| BKR | BAKER HUGHES COMPANY | $219.0M | 3,587,271 | 0.20% | — |
| MELI | MERCADOLIBRE INC | $218.2M | 126,189 | 0.20% | — |
| VTI | VANGUARD INDEX FDS | $212.2M | 661,433 | 0.20% | — |
| WFC | WELLS FARGO & CO | $210.5M | 2,643,920 | 0.19% | — |
| ARGX | ARGENX SE | $209.6M | 286,966 | 0.19% | — |
| MBB | ISHARES TR | $208.3M | 2,194,447 | 0.19% | — |
| COF | CAPITAL ONE FINL CORP | $206.7M | 1,132,858 | 0.19% | — |
| CF | CF INDUSTRIES HOLD | $206.4M | 1,589,552 | 0.19% | — |
| ADI | ANALOG DEVICES INC | $204.8M | 643,745 | 0.19% | — |
| SNOW | SNOWFLAKE INC | $199.9M | 1,325,410 | 0.18% | — |
| UNH | UNITEDHEALTH GROUP INC | $197.1M | 728,275 | 0.18% | — |
| PG | PROCTER & GAMBLE CO | $194.3M | 1,345,183 | 0.18% | — |
| HLT | HILTON WORLDWIDE HLDGS INC | $194.0M | 638,021 | 0.18% | — |
| ABBV | ABBVIE INC | $192.4M | 884,601 | 0.18% | — |
| MOG/A | MOOG INC | $192.3M | 657,286 | 0.18% | — |
| SPGI | S&P GLOBAL INC | $188.9M | 444,101 | 0.17% | — |
| APP | APPLOVIN CORP | $187.8M | 471,774 | 0.17% | — |
| AEP | AMERICAN ELEC PWR CO INC | $185.1M | 1,411,734 | 0.17% | — |
| TJX | TJX COS INC NEW | $184.7M | 1,156,523 | 0.17% | — |
| QCOM | QUALCOMM INC | $184.1M | 1,429,355 | 0.17% | — |
| SCHW | SCHWAB CHARLES CORP | $180.8M | 1,924,005 | 0.17% | — |
| HII | HUNTINGTON INGALLS INDS INC | $179.1M | 471,429 | 0.17% | — |
| UBER | UBER TECHNOLOGIES INC | $176.5M | 2,454,287 | 0.16% | — |
| HYD | VANECK ETF TRUST | $175.9M | 3,507,629 | 0.16% | — |
| CRM | SALESFORCE INC | $174.3M | 933,983 | 0.16% | — |
| HWM | HOWMET AEROSPACE INC | $172.8M | 749,623 | 0.16% | — |
| USIG | ISHARES TR | $172.3M | 3,362,627 | 0.16% | — |
| INTU | INTUIT | $171.5M | 396,692 | 0.16% | — |
| RGA | REINSURANCE GROUP AMER INC | $171.0M | 837,391 | 0.16% | — |
| MPWR | MONOLITHIC PWR SYS INC | $169.8M | 155,291 | 0.16% | — |
| HYMB | SPDR SERIES TRUST | $169.3M | 6,825,158 | 0.16% | — |
| CMCSA | COMCAST CORP NEW | $168.5M | 5,869,043 | 0.16% | — |
| SNPS | SYNOPSYS INC | $167.7M | 423,018 | 0.15% | — |
| AZO | AUTOZONE INC | $167.4M | 49,561 | 0.15% | — |
| ADBE | ADOBE INC | $166.5M | 685,015 | 0.15% | — |
| ORCL | ORACLE CORP | $166.1M | 1,129,109 | 0.15% | — |
| CCI | CROWN CASTLE INC | $165.5M | 2,035,312 | 0.15% | — |
| CB | CHUBB LTD SWITZ | $164.6M | 505,001 | 0.15% | — |
| FORM | FORMFACTOR INC | $163.2M | 1,682,322 | 0.15% | — |
| GS | GOLDMAN SACHS GROUP INC | $163.0M | 192,687 | 0.15% | — |
| BNY | BANK NEW YORK MELLON CORP | $162.1M | 1,366,331 | 0.15% | — |
| GILD | GILEAD SCIENCES INC | $161.4M | 1,158,099 | 0.15% | — |
| WMB | WILLIAMS COS INC | $160.0M | 2,197,700 | 0.15% | — |
| AMP | AMERIPRISE FINL INC | $159.6M | 359,194 | 0.15% | — |
| COR | CENCORA INC | $158.5M | 504,571 | 0.15% | — |
| CAH | CARDINAL HEALTH INC | $157.8M | 746,712 | 0.15% | — |
| ACGL | ARCH CAP GROUP LTD | $155.6M | 1,620,619 | 0.14% | — |
| GM | GENERAL MTRS CO | $155.5M | 2,086,776 | 0.14% | — |
| AROC | ARCHROCK INC | $154.3M | 4,433,355 | 0.14% | — |
| HD | HOME DEPOT INC | $152.3M | 463,128 | 0.14% | — |
| HDB | HDFC BANK LTD | $151.2M | 6,078,639 | 0.14% | — |
| LOW | LOWES COS INC | $151.2M | 639,810 | 0.14% | — |
| TMO | THERMO FISHER SCIENTIFIC INC | $149.7M | 304,642 | 0.14% | — |
| AMT | AMERICAN TOWER CORP | $149.7M | 867,418 | 0.14% | — |
| FCFS | FIRSTCASH HOLDINGS INC | $149.3M | 794,005 | 0.14% | — |
| TT | TRANE TECHNOLOGIES PLC | $148.9M | 357,337 | 0.14% | — |
| CCL1EUR | CARNIVAL CORP | $148.5M | 5,736,163 | 0.14% | — |
| CAT | CATERPILLAR INC | $148.2M | 209,230 | 0.14% | — |
| APH | AMPHENOL CORP | $147.5M | 1,167,564 | 0.14% | — |
| R | RYDER SYS INC | $146.1M | 713,617 | 0.13% | — |
| FLEXTRONICS INTL LTD | FLEXTRONICS INTL LTD | $146.0M | 2,230,622 | 0.13% | — |
This table is the 150 largest positions by value, out of 3,228 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 SEI INVESTMENTS CO (CIK 350894, accession 0002048251-26-003739). 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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