13F holdings
STIFEL FINANCIAL CORP portfolio
Managed by . 3,624 reported positions worth $108.8B as of 2026-03-31, filed with the SEC on 2026-05-12. Parsed from the filing itself, not a reseller.
$108.8B
Book value
3,624
Positions
16%
Top 10 weight
+215
New this quarter
-156
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 42 days old on 2026-05-12, 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 (215)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| AZN | ASTRAZENECA PLC | $135.0M | 684,404 | 0.12% |
| IDEF | BLACKROCK ETF TRUST | $29.3M | 895,284 | 0.03% |
| AMCR | AMCOR PLC | $29.0M | 729,291 | 0.03% |
| BLCR | BLACKROCK ETF TRUST | $28.9M | 704,827 | 0.03% |
| MANE | VERADERMICS INC | $18.6M | 294,117 | 0.02% |
| LMUB | ISHARES TR | $9.2M | 183,495 | 0.01% |
| SUNB | SUNBELT RENTALS HOLDINGS INC | $7.2M | 111,048 | 0.01% |
| PNFP | PINNACLE FINL PARTNERS INC | $6.4M | 74,286 | 0.01% |
| HDGE | ADVISORSHARES TR | $5.3M | 293,147 | 0.00% |
| XSSPX | NUVEEN S&P 500 DYNAMIC OVERW | $5.2M | 324,292 | 0.00% |
| CC | CHEMOURS CO | $3.4M | 156,501 | 0.00% |
| PIPR | PIPER SANDLER COMPANIES | $3.0M | 39,464 | 0.00% |
| NIC | NICOLET BANKSHARES INC | $2.9M | 19,231 | 0.00% |
| HECA | ETF OPPORTUNITIES TRUST | $2.8M | 97,362 | 0.00% |
| FIXT | TCW ETF TRUST | $2.5M | 66,642 | 0.00% |
| HG | HAMILTON INSURANCE GROUP LTD | $2.5M | 82,999 | 0.00% |
| ILDR | FIRST TR EXCHNG TRADED FD VI | $2.5M | 82,514 | 0.00% |
| AUPH | AURINIA PHARMACEUTICALS INC | $2.5M | 165,401 | 0.00% |
| APC | ARKO PETE CORP | $2.4M | 133,711 | 0.00% |
| KC | KINGSOFT CLOUD HLDGS LTD | $2.1M | 156,497 | 0.00% |
| FMS | FRESENIUS MEDICAL CARE AG | $1.8M | 80,664 | 0.00% |
| JOYY | JOYY INC | $1.8M | 30,704 | 0.00% |
| 8TG | THERMON GROUP HLDGS INC | $1.7M | 34,416 | 0.00% |
| LIVN | LIVANOVA PLC | $1.6M | 25,287 | 0.00% |
| SPB | SPECTRUM BRANDS HOLDINGS INC | $1.6M | 21,393 | 0.00% |
Closed out (156)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| AZNN | ASTRAZENECA PLC | $118.5M | 1,288,855 | 0.00% |
| AMCR | AMCOR PLC | $22.2M | 2,667,488 | 0.00% |
| CMA | COMERICA INC | $21.0M | 241,005 | 0.00% |
| CYBR | CYBERARK SOFTWARE LTD | $11.8M | 26,379 | 0.00% |
| NATL | NCR ATLEOS CORPORATION | $7.4M | 193,746 | 0.00% |
| FLYW | FLYWIRE CORPORATION | $6.8M | 479,241 | 0.00% |
| SYU1 | SYNOVUS FINL CORP | $6.2M | 124,155 | 0.00% |
| CWAN | CLEARWATER ANALYTICS HLDGS I | $5.7M | 237,009 | 0.00% |
| ISSC | INNOVATIVE SOLUTIONS & SUPPO | $5.5M | 291,945 | 0.00% |
| EXK | EXACT SCIENCES CORP | $5.2M | 51,139 | 0.00% |
| XBXMX | NUVEEN S&P 500 BUY-WRITE INC | $4.8M | 326,600 | 0.00% |
| BLACKROCK MUN INCOME QUA | BLACKROCK MUN INCOME QUALITY | $4.6M | 418,389 | 0.00% |
| DVAX | DYNAVAX TECHNOLOGIES CORP | $4.1M | 268,108 | 0.00% |
| EWW | ISHARES INC | $4.0M | 57,029 | 0.00% |
| CGAU | CENTERRA GOLD INC | $3.7M | 254,984 | 0.00% |
| PRGS | PROGRESS SOFTWARE CORP | $3.6M | 84,786 | 0.00% |
| NYM | AB ACTIVE ETFS INC | $2.9M | 117,283 | 0.00% |
| 62C | PIPER SANDLER COMPANIES | $2.8M | 8,350 | 0.00% |
| MOFG | MIDWESTONE FINL GROUP INC NE | $2.8M | 72,812 | 0.00% |
| SIG | SIGNET JEWELERS LIMITED | $2.6M | 30,975 | 0.00% |
| CRAI | CRA INTL INC | $2.4M | 12,178 | 0.00% |
| STAA | STAAR SURGICAL CO | $2.4M | 102,835 | 0.00% |
| MNDY | MONDAY COM LTD | $2.3M | 15,294 | 0.00% |
| AL | AIR LEASE CORP | $2.0M | 31,144 | 0.00% |
| AHRT | ARMADA HOFFLER PPTYS INC | $2.0M | 299,960 | 0.00% |
Added to (1648)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| IEFA | ISHARES TR | $1.0B | 11,481,025 | 0.96% | +3% |
| VOO | VANGUARD INDEX FDS | $945.5M | 1,582,234 | 0.87% | +1% |
| IVW | ISHARES TR | $824.7M | 7,291,428 | 0.76% | +5% |
| ABBV | ABBVIE INC | $811.7M | 3,732,204 | 0.75% | +51% |
| PG | PROCTER & GAMBLE CO | $661.4M | 4,578,841 | 0.61% | +1% |
| QQQ | INVESCO QQQ TR | $626.5M | 1,085,239 | 0.58% | +9% |
| ETN | EATON CORP PLC | $516.4M | 1,443,704 | 0.47% | +2% |
| NFLX | NETFLIX INC. | $487.1M | 5,065,651 | 0.45% | +4% |
| APD | AIR PRODUCTS AND CHEMICALS I | $477.7M | 1,644,429 | 0.44% | +4% |
| IVV | ISHARES TR | $469.8M | 719,143 | 0.43% | +5% |
| APH | AMPHENOL CORP | $468.5M | 3,707,682 | 0.43% | +2% |
| BIL | SPDR SERIES TRUST | $439.7M | 4,797,901 | 0.40% | +3% |
| VMBS | VANGUARD SCOTTSDALE FDS | $408.1M | 8,691,596 | 0.38% | +5% |
| HONGBP | HONEYWELL INTL INC | $404.0M | 1,787,117 | 0.37% | +5% |
| MRSH | MARSH & MCLENNAN COS INC | $400.2M | 2,307,361 | 0.37% | +7% |
Trimmed (1338)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| DAKT | DAKTRONICS INC | $260,234 | 13,311 | 0.00% | -93% |
| FSCO | FS CREDIT OPPORTUNITIES CORP | $204,098 | 40,019 | 0.00% | -93% |
| IYC | ISHARES TR | $1.5M | 15,329 | 0.00% | -91% |
| FDV | FEDERATED HERMES ETF TRUST | $485,742 | 15,771 | 0.00% | -90% |
| OEF | ISHARES TR | $7.8M | 24,459 | 0.01% | -90% |
| MGMT | UNIFIED SER TR | $502,389 | 11,135 | 0.00% | -89% |
| MDIV | FIRST TR EXCHANGE TRADED FD | $1.1M | 67,498 | 0.00% | -88% |
| EG | EVEREST GROUP LTD | $564,217 | 1,726 | 0.00% | -86% |
| LQDH | ISHARES U S ETF TR | $202,686 | 2,195 | 0.00% | -86% |
| JPSE | J P MORGAN EXCHANGE TRADED F | $447,333 | 8,532 | 0.00% | -86% |
| SM | SM ENERGY COMPANY | $326,053 | 10,457 | 0.00% | -85% |
| VOYA | VOYA FINANCIAL INC | $447,292 | 6,547 | 0.00% | -84% |
| HL | HECLA MINING COMPANY | $361,962 | 19,429 | 0.00% | -83% |
| WK | WORKIVA INC | $402,859 | 6,756 | 0.00% | -83% |
| LNKB | LINKBANCORP INC | $83,400 | 10,000 | 0.00% | -83% |
The book
Largest 150 of 3,624 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPORATION | $2.9B | 16,569,037 | 2.66% | — |
| AAPL | APPLE INC | $2.8B | 11,053,456 | 2.58% | — |
| MSFT | MICROSOFT CORP | $2.5B | 6,663,492 | 2.27% | — |
| AMZN | AMAZON COM INC | $1.7B | 8,261,486 | 1.58% | — |
| GOOGL | ALPHABET INC | $1.7B | 5,849,423 | 1.55% | — |
| AVGO | BROADCOM INC | $1.4B | 4,492,789 | 1.28% | — |
| JPM | JPMORGAN CHASE & CO | $1.1B | 3,849,282 | 1.04% | — |
| JNJ | JOHNSON & JOHNSON | $1.1B | 4,489,121 | 1.01% | — |
| SPY | STATE STR SPDR S&P 500 ETF T | $1.1B | 1,627,679 | 0.97% | — |
| CSCO | CISCO SYS INC | $1.0B | 13,476,992 | 0.96% | — |
| IEFA | ISHARES TR | $1.0B | 11,481,025 | 0.96% | — |
| MRK | MERCK & CO INC | $997.4M | 8,291,826 | 0.92% | — |
| V | VISA INC | $991.1M | 3,278,999 | 0.91% | — |
| PEP | PEPSICO INC | $984.8M | 6,341,641 | 0.91% | — |
| GOOG | ALPHABET INC | $970.9M | 3,384,498 | 0.89% | — |
| VOO | VANGUARD INDEX FDS | $945.5M | 1,582,234 | 0.87% | — |
| IVW | ISHARES TR | $824.7M | 7,291,428 | 0.76% | — |
| HD | HOME DEPOT INC | $822.2M | 2,499,706 | 0.76% | — |
| ABBV | ABBVIE INC | $811.7M | 3,732,204 | 0.75% | — |
| META | META PLATFORMS INC | $795.2M | 1,389,771 | 0.73% | — |
| AGG | ISHARES TR | $726.6M | 7,319,250 | 0.67% | — |
| LMT | LOCKHEED MARTIN CORP | $723.6M | 1,197,183 | 0.67% | — |
| LLY | ELI LILLY & CO | $716.7M | 779,157 | 0.66% | — |
| COST | COSTCO WHOLESALE CORPORATION | $700.6M | 702,918 | 0.64% | — |
| IVE | ISHARES TR | $688.6M | 3,261,014 | 0.63% | — |
| PG | PROCTER & GAMBLE CO | $661.4M | 4,578,841 | 0.61% | — |
| IBM | INTERNATIONAL BUSINESS MACHS | $649.0M | 2,677,248 | 0.60% | — |
| CVX | CHEVRON CORPORATION | $638.1M | 3,084,168 | 0.59% | — |
| KO | COCA COLA CO | $634.6M | 8,344,878 | 0.58% | — |
| EXMOC | EXXON MOBIL CORP | $632.7M | 3,729,167 | 0.58% | — |
| QQQ | INVESCO QQQ TR | $626.5M | 1,085,239 | 0.58% | — |
| TXN | TEXAS INSTRS INC | $571.0M | 2,941,364 | 0.52% | — |
| AMGN | AMGEN INC | $547.2M | 1,555,021 | 0.50% | — |
| IWF | ISHARES TR | $535.2M | 1,255,151 | 0.49% | — |
| UNP | UNION PAC CORP | $525.1M | 2,164,416 | 0.48% | — |
| VEA | VANGUARD TAX-MANAGED FDS | $517.8M | 8,080,270 | 0.48% | — |
| ETN | EATON CORP PLC | $516.4M | 1,443,704 | 0.47% | — |
| MDT | MEDTRONIC PLC | $499.0M | 5,758,966 | 0.46% | — |
| WM | WASTE MGMT INC DEL | $491.3M | 2,138,041 | 0.45% | — |
| NFLX | NETFLIX INC. | $487.1M | 5,065,651 | 0.45% | — |
| TJX | TJX COS INC NEW | $479.7M | 3,003,930 | 0.44% | — |
| APD | AIR PRODUCTS AND CHEMICALS I | $477.7M | 1,644,429 | 0.44% | — |
| IVV | ISHARES TR | $469.8M | 719,143 | 0.43% | — |
| APH | AMPHENOL CORP | $468.5M | 3,707,682 | 0.43% | — |
| CMI | CUMMINS INC | $452.5M | 840,971 | 0.42% | — |
| BIL | SPDR SERIES TRUST | $439.7M | 4,797,901 | 0.40% | — |
| ACN | ACCENTURE PLC IRELAND | $436.7M | 2,202,108 | 0.40% | — |
| CL | COLGATE PALMOLIVE CO | $423.3M | 4,966,975 | 0.39% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $423.0M | 882,806 | 0.39% | — |
| WMT | WALMART INC | $421.3M | 3,389,564 | 0.39% | — |
| ITW | ILLINOIS TOOL WKS INC | $412.3M | 1,584,113 | 0.38% | — |
| CAT | CATERPILLAR INC | $409.1M | 577,396 | 0.38% | — |
| VMBS | VANGUARD SCOTTSDALE FDS | $408.1M | 8,691,596 | 0.38% | — |
| RTX | RTX CORPORATION | $407.0M | 2,110,075 | 0.37% | — |
| HONGBP | HONEYWELL INTL INC | $404.0M | 1,787,117 | 0.37% | — |
| CHD | CHURCH & DWIGHT CO INC | $400.4M | 4,290,136 | 0.37% | — |
| MRSH | MARSH & MCLENNAN COS INC | $400.2M | 2,307,361 | 0.37% | — |
| ABT | ABBOTT LABORATORIES | $396.9M | 3,865,545 | 0.36% | — |
| GWW | WW GRAINGER INC | $391.2M | 358,629 | 0.36% | — |
| VZ | VERIZON COMMUNICATIONS INC | $375.8M | 7,486,988 | 0.35% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $372.9M | 1,103,264 | 0.34% | — |
| ADP | AUTOMATIC DATA PROCESSING IN | $372.4M | 1,832,880 | 0.34% | — |
| USIG | ISHARES TR | $364.2M | 7,108,900 | 0.33% | — |
| GLW | CORNING INC | $363.5M | 2,672,986 | 0.33% | — |
| RSG | REPUBLIC SVCS INC | $353.0M | 1,611,627 | 0.32% | — |
| MCD | MCDONALDS CORP | $352.4M | 1,133,558 | 0.32% | — |
| MBB | ISHARES TR | $352.0M | 3,707,598 | 0.32% | — |
| PANW | PALO ALTO NETWORKS INC | $347.3M | 2,166,129 | 0.32% | — |
| IEMG | ISHARES INC | $345.4M | 4,951,901 | 0.32% | — |
| MA | MASTERCARD INCORPORATED | $337.9M | 676,186 | 0.31% | — |
| VWO | VANGUARD INTL EQUITY INDEX F | $334.1M | 6,181,354 | 0.31% | — |
| TSCO | TRACTOR SUPPLY CO | $332.0M | 7,329,552 | 0.31% | — |
| VTV | VANGUARD INDEX FDS | $331.8M | 1,691,366 | 0.31% | — |
| ASML | ASML HLDG NV | $328.7M | 248,817 | 0.30% | — |
| VUG | VANGUARD INDEX FDS | $322.6M | 738,592 | 0.30% | — |
| TMO | THERMO FISHER SCIENTIFIC INC | $319.1M | 649,147 | 0.29% | — |
| IWD | ISHARES TR | $313.2M | 1,465,808 | 0.29% | — |
| QUAL | ISHARES TR | $313.1M | 1,632,084 | 0.29% | — |
| VB | VANGUARD INDEX FDS | $307.5M | 1,173,969 | 0.28% | — |
| MSI | MOTOROLA SOLUTIONS INC | $304.7M | 702,015 | 0.28% | — |
| FERG | FERGUSON ENTERPRISES INC | $298.0M | 1,277,688 | 0.27% | — |
| YUM | YUM BRANDS INC | $296.3M | 1,905,464 | 0.27% | — |
| GLD | SPDR GOLD TR | $292.6M | 679,933 | 0.27% | — |
| MCO | MOODYS CORP | $286.2M | 655,920 | 0.26% | — |
| VGT | VANGUARD WORLD FD | $285.9M | 409,700 | 0.26% | — |
| IEI | ISHARES TR | $285.1M | 2,403,767 | 0.26% | — |
| TSLA | TESLA INC | $279.6M | 752,064 | 0.26% | — |
| SF | STIFEL FINL CORP | $279.1M | 3,775,258 | 0.26% | — |
| LIN | LINDE PLC | $276.1M | 556,789 | 0.25% | — |
| WMB | WILLIAMS COS INC | $274.6M | 3,772,490 | 0.25% | — |
| PFE | PFIZER INC | $274.3M | 9,769,180 | 0.25% | — |
| MS | MORGAN STANLEY | $269.7M | 1,638,520 | 0.25% | — |
| GS | GOLDMAN SACHS GROUP INC | $268.8M | 317,678 | 0.25% | — |
| GEV | GE VERNOVA INC | $268.5M | 307,565 | 0.25% | — |
| VEU | VANGUARD INTL EQUITY INDEX F | $267.7M | 3,564,351 | 0.25% | — |
| CB | CHUBB LTD SWITZ | $267.1M | 819,509 | 0.25% | — |
| PLD | PROLOGIS INC. | $266.8M | 2,018,566 | 0.25% | — |
| NEE | NEXTERA ENERGY INC | $264.7M | 2,849,628 | 0.24% | — |
| CGDV | CAPITAL GROUP DIVIDEND VALUE | $260.3M | 6,118,616 | 0.24% | — |
| ADI | ANALOG DEVICES INC | $257.2M | 808,306 | 0.24% | — |
| EQAL | INVESCO EXCH TRADED FD TR II | $255.8M | 4,641,592 | 0.24% | — |
| HSY | HERSHEY CO | $253.5M | 1,219,598 | 0.23% | — |
| BAC | BANK AMERICA CORP | $250.7M | 5,143,451 | 0.23% | — |
| AMAT | APPLIED MATLS INC | $244.4M | 714,857 | 0.22% | — |
| TGT | TARGET CORP | $241.7M | 1,994,233 | 0.22% | — |
| ITOT | ISHARES TR | $239.8M | 1,683,425 | 0.22% | — |
| DE | DEERE & CO | $238.9M | 423,985 | 0.22% | — |
| VTI | VANGUARD INDEX FDS | $237.0M | 738,795 | 0.22% | — |
| SPDW | SPDR INDEX SHS FDS | $235.3M | 5,153,537 | 0.22% | — |
| BR | BROADRIDGE FINL SOLUTIONS IN | $232.0M | 1,427,892 | 0.21% | — |
| XLK | SELECT SECTOR SPDR TR | $229.5M | 1,726,887 | 0.21% | — |
| PH | PARKER-HANNIFIN CORP | $228.0M | 254,630 | 0.21% | — |
| PM | PHILIP MORRIS INTL INC | $227.1M | 1,373,401 | 0.21% | — |
| BX | BLACKSTONE INC | $224.1M | 1,948,494 | 0.21% | — |
| UPS | UNITED PARCEL SVCS INC | $223.1M | 2,267,579 | 0.21% | — |
| VIG | VANGUARD SPECIALIZED FUNDS | $222.7M | 1,035,284 | 0.20% | — |
| ADBE | ADOBE INC | $217.4M | 894,420 | 0.20% | — |
| IGSB | ISHARES TR | $217.4M | 4,135,787 | 0.20% | — |
| HYG | ISHARES TR | $217.0M | 2,727,066 | 0.20% | — |
| AXP | AMERICAN EXPRESS CO | $216.6M | 715,950 | 0.20% | — |
| IJR | ISHARES TR | $213.9M | 1,720,938 | 0.20% | — |
| SPGI | S&P GLOBAL INC | $212.2M | 498,981 | 0.20% | — |
| ORLY | OREILLY AUTOMOTIVE INC | $212.2M | 2,299,145 | 0.20% | — |
| EUSA | ISHARES INC | $210.9M | 2,072,745 | 0.19% | — |
| VO | VANGUARD INDEX FDS | $208.4M | 725,600 | 0.19% | — |
| SYK | STRYKER CORPORATION | $207.2M | 630,431 | 0.19% | — |
| WFC | WELLS FARGO & CO | $206.6M | 2,594,764 | 0.19% | — |
| CTAS | CINTAS CORP | $205.1M | 1,212,775 | 0.19% | — |
| VYM | VANGUARD WHITEHALL FDS | $203.7M | 1,375,466 | 0.19% | — |
| BA | BOEING CO | $203.6M | 1,022,849 | 0.19% | — |
| MET | METLIFE INC | $200.6M | 2,836,461 | 0.18% | — |
| C | CITIGROUP INC | $200.3M | 1,766,264 | 0.18% | — |
| TLT | ISHARES TR | $199.5M | 2,301,407 | 0.18% | — |
| GE | GE AEROSPACE | $199.5M | 702,987 | 0.18% | — |
| ISRG | INTUITIVE SURGICAL INC | $199.0M | 431,688 | 0.18% | — |
| NOW | SERVICENOW INC | $198.6M | 1,899,225 | 0.18% | — |
| IAU | ISHARES GOLD TR | $196.2M | 2,225,073 | 0.18% | — |
| RSP | INVESCO EXCHANGE TRADED FD T | $195.2M | 1,017,191 | 0.18% | — |
| DGRO | ISHARES TR | $194.4M | 2,770,076 | 0.18% | — |
| PWR | QUANTA SVCS INC | $192.3M | 350,167 | 0.18% | — |
| GVI | ISHARES TR | $190.5M | 1,785,629 | 0.18% | — |
| CRM | SALESFORCE INC | $190.3M | 1,019,541 | 0.17% | — |
| SCHR | SCHWAB STRATEGIC TR | $189.9M | 7,622,548 | 0.17% | — |
| SLB | SLB LIMITED | $187.0M | 3,638,243 | 0.17% | — |
| UBER | UBER TECHNOLOGIES INC | $185.8M | 2,583,133 | 0.17% | — |
| MRVL | MARVELL TECHNOLOGY INC | $177.6M | 1,792,681 | 0.16% | — |
| UNH | UNITEDHEALTH GROUP INC | $176.1M | 650,763 | 0.16% | — |
| SPMB | SPDR SERIES TRUST | $176.0M | 7,861,710 | 0.16% | — |
| SPYG | SPDR SERIES TRUST | $175.0M | 1,786,967 | 0.16% | — |
| RDVY | FIRST TR EXCHANGE TRADED FD | $174.3M | 2,553,066 | 0.16% | — |
This table is the 150 largest positions by value, out of 3,624 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 STIFEL FINANCIAL CORP (CIK 720672, accession 0000720672-26-000007). 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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