13F holdings
TRUIST FINANCIAL CORP portfolio
Managed by . 2,774 reported positions worth $74.1B as of 2026-03-31, filed with the SEC on 2026-04-27. Parsed from the filing itself, not a reseller.
$74.1B
Book value
2,774
Positions
25%
Top 10 weight
+197
New this quarter
-157
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 27 days old on 2026-04-27, 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 (197)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| AZN | ASTRAZENECA PLC | $148.7M | 754,121 | 0.20% |
| UBND | VICTORY PORTFOLIOS II | $33.6M | 1,537,657 | 0.05% |
| HECA | ETF OPPORTUNITIES TRUST | $18.5M | 639,427 | 0.02% |
| IDEF | BLACKROCK ETF TRUST | $17.4M | 530,879 | 0.02% |
| BLCR | BLACKROCK ETF TRUST | $17.3M | 411,868 | 0.02% |
| AMCR | AMCOR PLC | $10.9M | 274,480 | 0.01% |
| BBSGX | STERLING CAP FDS | $10.8M | 429,681 | 0.01% |
| PXH | INVESCO EXCH TRADED FD TR II | $9.6M | 357,262 | 0.01% |
| HEFT | ETF OPPORTUNITIES TRUST | $7.9M | 297,117 | 0.01% |
| GCT | GIGACLOUD TECHNOLOGY INC | $7.2M | 157,707 | 0.01% |
| SMIZ | ZACKS TRUST | $6.3M | 167,134 | 0.01% |
| DFNL | DAVIS FUNDAMENTAL ETF TR | $6.2M | 138,949 | 0.01% |
| HFSI | HARTFORD FDS EXCHANGE TRADED | $5.6M | 161,539 | 0.01% |
| BKDV | BNY MELLON ETF TRUST II | $5.4M | 183,048 | 0.01% |
| SCMC | STERLING CAP FDS | $5.3M | 211,395 | 0.01% |
| DYNB | HARTFORD FDS EXCHANGE TRADED | $4.9M | 125,542 | 0.01% |
| MIAX | MIAMI INTL HLDGS INC | $4.6M | 117,767 | 0.01% |
| ORCL 6.5 01/15/29 D | ORACLE CORP | $4.3M | 96,285 | 0.01% |
| SCEP | STERLING CAP FDS | $4.0M | 169,397 | 0.01% |
| HEEM | ISHARES INC | $3.9M | 105,643 | 0.01% |
| PBD | INVESCO EXCH TRADED FD TR II | $3.7M | 209,137 | 0.01% |
| BHE | BENCHMARK ELECTRS INC | $3.7M | 66,822 | 0.01% |
| GROZ | ZACKS TRUST | $3.7M | 133,537 | 0.00% |
| FERROVIAL SE | FERROVIAL SE | $3.1M | 48,306 | 0.00% |
| GHM | GRAHAM CORP | $3.1M | 38,174 | 0.00% |
Closed out (157)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| AZNN | ASTRAZENECA PLC | $141.5M | 1,538,680 | 0.00% |
| AMCR | AMCOR PLC | $9.3M | 1,113,136 | 0.00% |
| VAC 0 01/15/26 | MARRIOTT VACATIONS WORLDWIDE | $8.1M | 8,100,000 | 0.00% |
| HTRB | HARTFORD FDS EXCHANGE TRADED | $8.1M | 236,151 | 0.00% |
| RHLD | RESOLUTE HLDGS MGMT INC | $6.1M | 29,743 | 0.00% |
| CLOZ | SERIES PORTFOLIOS TR | $5.2M | 196,507 | 0.00% |
| PNQI | INVESCO EXCHANGE TRADED FD T | $4.0M | 73,406 | 0.00% |
| PTF | INVESCO EXCHANGE TRADED FD T | $3.7M | 48,859 | 0.00% |
| 62C | PIPER SANDLER COMPANIES | $3.4M | 10,137 | 0.00% |
| EXPE 0 02/15/26 | EXPEDIA GROUP INC | $3.3M | 2,893,000 | 0.00% |
| GGME | INVESCO EXCHANGE TRADED FD T | $3.1M | 52,737 | 0.00% |
| ITRI 0 03/15/26 | ITRON INC | $2.6M | 124,000 | 0.00% |
| JPEF | J P MORGAN EXCHANGE TRADED F | $2.4M | 32,644 | 0.00% |
| PINNACLE FINL PARTNERS I | PINNACLE FINL PARTNERS INC | $2.4M | 25,512 | 0.00% |
| CYBR | CYBERARK SOFTWARE LTD | $2.4M | 5,269 | 0.00% |
| MAGS | LISTED FDS TR | $2.2M | 33,332 | 0.00% |
| ABNB 0 03/15/26 | AIRBNB INC | $2.2M | 2,113,000 | 0.00% |
| BL 0 03/15/26 | BLACKLINE INC | $1.6M | 1,629,000 | 0.00% |
| ILTB | ISHARES TR | $1.6M | 32,205 | 0.00% |
| NEE 3 03/01/27 | NEXTERA ENERGY CAP HLDGS INC | $1.5M | 1,200,000 | 0.00% |
| EXK | EXACT SCIENCES CORP | $1.1M | 11,091 | 0.00% |
| TPG | TPG INC | $1.1M | 17,228 | 0.00% |
| GPGI | COMPOSECURE INC | $921,333 | 47,787 | 0.00% |
| DDWM | WISDOMTREE TR | $880,945 | 20,233 | 0.00% |
| NXP | NUVEEN SELECT TAX-FREE INCOM | $861,722 | 61,115 | 0.00% |
Added to (1135)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| IEFA | ISHARES TR | $1.7B | 19,125,357 | 2.34% | +9% |
| GOVT | ISHARES TR | $1.7B | 75,290,882 | 2.33% | +6% |
| GOOG | ALPHABET INC | $1.1B | 3,754,499 | 1.45% | +4% |
| JPM | JPMORGAN CHASE & CO | $914.4M | 3,108,545 | 1.23% | +3% |
| IEMG | ISHARES INC | $802.3M | 11,502,715 | 1.08% | +73% |
| IJH | ISHARES TR | $672.2M | 9,954,225 | 0.91% | +7% |
| RSP | INVESCO EXCHANGE TRADED FD T | $614.2M | 3,200,453 | 0.83% | +16% |
| IJR | ISHARES TR | $611.3M | 4,917,393 | 0.83% | +6% |
| USIG | ISHARES TR | $550.7M | 10,749,955 | 0.74% | +8% |
| MBB | ISHARES TR | $548.8M | 5,779,539 | 0.74% | +47% |
| EFA | ISHARES TR | $463.9M | 4,775,989 | 0.63% | +12% |
| RTX | RTX CORPORATION | $452.5M | 2,345,547 | 0.61% | +1% |
| PM | PHILIP MORRIS INTL INC | $417.1M | 2,522,798 | 0.56% | +2% |
| ADI | ANALOG DEVICES INC | $410.4M | 1,290,000 | 0.55% | +42% |
| CSCO | CISCO SYS INC | $379.9M | 4,896,565 | 0.51% | +14% |
Trimmed (1027)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| EG | EVEREST GROUP LTD | $363,906 | 1,113 | 0.00% | -98% |
| PTRB | PGIM ETF TR | $238,247 | 5,740 | 0.00% | -97% |
| XAUG | FIRST TR EXCHNG TRADED FD VI | $228,509 | 6,156 | 0.00% | -93% |
| BGR | BLACKROCK ENERGY & RES TR | $217,085 | 12,541 | 0.00% | -92% |
| BOXX | EA SERIES TRUST | $475,859 | 4,092 | 0.00% | -91% |
| BAH | BOOZ ALLEN HAMILTON HLDG COR | $1.4M | 18,401 | 0.00% | -91% |
| BAC 7.25 PERP L | BANK AMERICA CORP | $610,079 | 512 | 0.00% | -91% |
| PTLC | PACER FDS TR | $1.1M | 20,432 | 0.00% | -91% |
| ON 0 05/01/27 | ON SEMICONDUCTOR CORP | $230,170 | 172,000 | 0.00% | -90% |
| RMBS | RAMBUS INC DEL | $249,659 | 2,902 | 0.00% | -89% |
| EWG | ISHARES INC | $232,903 | 5,871 | 0.00% | -86% |
| DSU | BLACKROCK DEBT STRATEGIES FD | $112,227 | 11,702 | 0.00% | -81% |
| EXLS | EXLSERVICE HLDGS INC | $319,543 | 10,494 | 0.00% | -79% |
| SPTM | SPDR SERIES TRUST | $2.1M | 26,541 | 0.00% | -78% |
| L | LOEWS CORP | $334,291 | 3,132 | 0.00% | -77% |
The book
Largest 150 of 2,774 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| IVV | ISHARES TR | $4.6B | 6,988,930 | 6.16% | — |
| SPY | STATE STR SPDR S&P 500 ETF T | $2.0B | 3,149,164 | 2.77% | — |
| NVDA | NVIDIA CORPORATION | $1.8B | 10,098,394 | 2.38% | — |
| AAPL | APPLE INC | $1.7B | 6,858,756 | 2.35% | — |
| IEFA | ISHARES TR | $1.7B | 19,125,357 | 2.34% | — |
| GOVT | ISHARES TR | $1.7B | 75,290,882 | 2.33% | — |
| MSFT | MICROSOFT CORP | $1.6B | 4,269,343 | 2.13% | — |
| KO | COCA COLA CO | $1.1B | 14,910,034 | 1.53% | — |
| GOOG | ALPHABET INC | $1.1B | 3,754,499 | 1.45% | — |
| JPM | JPMORGAN CHASE & CO | $914.4M | 3,108,545 | 1.23% | — |
| AMZN | AMAZON COM INC | $886.6M | 4,256,979 | 1.20% | — |
| AVGO | BROADCOM INC | $881.4M | 2,847,705 | 1.19% | — |
| IWF | ISHARES TR | $871.2M | 2,043,098 | 1.18% | — |
| IEMG | ISHARES INC | $802.3M | 11,502,715 | 1.08% | — |
| AGG | ISHARES TR | $745.5M | 7,510,131 | 1.01% | — |
| GOOGL | ALPHABET INC | $731.4M | 2,543,314 | 0.99% | — |
| VOO | VANGUARD INDEX FDS | $678.0M | 1,134,608 | 0.92% | — |
| IJH | ISHARES TR | $672.2M | 9,954,225 | 0.91% | — |
| XLK | SELECT SECTOR SPDR TR | $627.4M | 4,720,619 | 0.85% | — |
| RSP | INVESCO EXCHANGE TRADED FD T | $614.2M | 3,200,453 | 0.83% | — |
| IJR | ISHARES TR | $611.3M | 4,917,393 | 0.83% | — |
| QQQ | INVESCO QQQ TR | $577.1M | 999,907 | 0.78% | — |
| USIG | ISHARES TR | $550.7M | 10,749,955 | 0.74% | — |
| MBB | ISHARES TR | $548.8M | 5,779,539 | 0.74% | — |
| META | META PLATFORMS INC | $527.1M | 921,296 | 0.71% | — |
| ABBV | ABBVIE INC | $523.0M | 2,404,493 | 0.71% | — |
| JNJ | JOHNSON & JOHNSON | $499.7M | 2,044,092 | 0.67% | — |
| XLF | SELECT SECTOR SPDR TR | $483.4M | 9,792,228 | 0.65% | — |
| V | VISA INC | $473.6M | 1,566,936 | 0.64% | — |
| VTV | VANGUARD INDEX FDS | $472.0M | 2,405,835 | 0.64% | — |
| WMT | WALMART INC | $470.5M | 3,785,445 | 0.64% | — |
| EFA | ISHARES TR | $463.9M | 4,775,989 | 0.63% | — |
| IWD | ISHARES TR | $461.9M | 2,161,770 | 0.62% | — |
| IAU | ISHARES GOLD TR | $460.0M | 5,217,656 | 0.62% | — |
| VUG | VANGUARD INDEX FDS | $453.0M | 1,037,216 | 0.61% | — |
| RTX | RTX CORPORATION | $452.5M | 2,345,547 | 0.61% | — |
| CCEP | COCA-COLA EUROPACIFIC PARTNE | $430.3M | 4,745,799 | 0.58% | — |
| PM | PHILIP MORRIS INTL INC | $417.1M | 2,522,798 | 0.56% | — |
| ADI | ANALOG DEVICES INC | $410.4M | 1,290,000 | 0.55% | — |
| IWR | ISHARES TR | $406.2M | 4,177,265 | 0.55% | — |
| XLC | SELECT SECTOR SPDR TR | $388.2M | 3,501,759 | 0.52% | — |
| CSCO | CISCO SYS INC | $379.9M | 4,896,565 | 0.51% | — |
| LRCX | LAM RESEARCH CORP | $365.9M | 1,712,540 | 0.49% | — |
| EXMOC | EXXON MOBIL CORP | $344.2M | 2,028,907 | 0.46% | — |
| XLV | SELECT SECTOR SPDR TR | $340.6M | 2,323,059 | 0.46% | — |
| LLY | ELI LILLY & CO | $339.9M | 369,521 | 0.46% | — |
| HD | HOME DEPOT INC | $335.5M | 1,020,000 | 0.45% | — |
| KLAC | KLA CORP | $330.1M | 224,169 | 0.45% | — |
| TSLA | TESLA INC | $300.7M | 808,931 | 0.41% | — |
| IWM | ISHARES TR | $293.3M | 1,182,855 | 0.40% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $290.8M | 606,871 | 0.39% | — |
| COST | COSTCO WHOLESALE CORPORATION | $288.0M | 289,081 | 0.39% | — |
| CVX | CHEVRON CORPORATION | $280.6M | 1,356,222 | 0.38% | — |
| BNY | BANK NEW YORK MELLON CORP | $279.0M | 2,352,077 | 0.38% | — |
| PWR | QUANTA SVCS INC | $270.3M | 492,355 | 0.36% | — |
| PNC | PNC FINL SVCS GROUP INC | $267.8M | 1,287,094 | 0.36% | — |
| MRK | MERCK & CO INC | $267.2M | 2,221,085 | 0.36% | — |
| ETR | ENTERGY CORP NEW | $267.0M | 2,376,207 | 0.36% | — |
| UNP | UNION PAC CORP | $263.8M | 1,087,484 | 0.36% | — |
| VEA | VANGUARD TAX-MANAGED FDS | $263.4M | 4,110,119 | 0.36% | — |
| TRGP | TARGA RES CORP | $262.7M | 1,047,666 | 0.35% | — |
| ORCL | ORACLE CORP | $262.4M | 1,783,538 | 0.35% | — |
| VTI | VANGUARD INDEX FDS | $260.1M | 810,869 | 0.35% | — |
| SPYG | SPDR SERIES TRUST | $252.2M | 2,575,653 | 0.34% | — |
| XLP | SELECT SECTOR SPDR TR | $249.4M | 3,042,764 | 0.34% | — |
| ETN | EATON CORP PLC | $247.1M | 690,956 | 0.33% | — |
| GLD | SPDR GOLD TR | $247.1M | 574,274 | 0.33% | — |
| MDT | MEDTRONIC PLC | $239.7M | 2,766,082 | 0.32% | — |
| IEI | ISHARES TR | $236.7M | 1,995,728 | 0.32% | — |
| BLK | BLACKROCK INC | $235.8M | 245,216 | 0.32% | — |
| VONG | VANGUARD SCOTTSDALE FDS | $214.4M | 1,954,543 | 0.29% | — |
| WFC | WELLS FARGO & CO | $211.6M | 2,658,053 | 0.29% | — |
| DGRO | ISHARES TR | $206.1M | 2,937,418 | 0.28% | — |
| TFC | TRUIST FINL CORP | $204.1M | 4,440,501 | 0.28% | — |
| BND | VANGUARD BD INDEX FDS | $191.2M | 2,596,461 | 0.26% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $190.5M | 563,660 | 0.26% | — |
| SHY | ISHARES TR | $190.2M | 2,303,377 | 0.26% | — |
| LMT | LOCKHEED MARTIN CORP | $187.6M | 310,475 | 0.25% | — |
| IEF | ISHARES TR | $182.7M | 1,913,814 | 0.25% | — |
| MO | ALTRIA GROUP INC | $182.4M | 2,764,777 | 0.25% | — |
| VIG | VANGUARD SPECIALIZED FUNDS | $178.8M | 831,224 | 0.24% | — |
| EFV | ISHARES TR | $177.9M | 2,392,672 | 0.24% | — |
| NFLX | NETFLIX INC. | $175.9M | 1,829,693 | 0.24% | — |
| T | AT&T INC | $172.6M | 5,954,925 | 0.23% | — |
| PG | PROCTER & GAMBLE CO | $171.9M | 1,190,159 | 0.23% | — |
| XLU | SELECT SECTOR SPDR TR | $166.9M | 3,636,324 | 0.23% | — |
| DVY | ISHARES TR | $166.4M | 1,099,024 | 0.22% | — |
| TT | TRANE TECHNOLOGIES PLC | $164.6M | 394,855 | 0.22% | — |
| EMR | EMERSON ELEC CO | $159.3M | 1,215,818 | 0.22% | — |
| PEP | PEPSICO INC | $158.8M | 1,022,738 | 0.21% | — |
| PH | PARKER-HANNIFIN CORP | $158.8M | 177,335 | 0.21% | — |
| EVRG | EVERGY INC | $156.3M | 1,908,444 | 0.21% | — |
| VEU | VANGUARD INTL EQUITY INDEX F | $155.2M | 2,066,356 | 0.21% | — |
| IBM | INTERNATIONAL BUSINESS MACHS | $154.0M | 635,205 | 0.21% | — |
| IWB | ISHARES TR | $153.2M | 429,657 | 0.21% | — |
| IEUR | ISHARES TR | $151.5M | 2,155,955 | 0.20% | — |
| GS | GOLDMAN SACHS GROUP INC | $150.2M | 177,602 | 0.20% | — |
| AZN | ASTRAZENECA PLC | $148.7M | 754,121 | 0.20% | — |
| WMB | WILLIAMS COS INC | $148.2M | 2,036,334 | 0.20% | — |
| CAT | CATERPILLAR INC | $148.2M | 209,163 | 0.20% | — |
| BSV | VANGUARD BD INDEX FDS | $147.2M | 1,876,808 | 0.20% | — |
| VALE | VALE S A | $145.2M | 9,124,267 | 0.20% | — |
| NVS | NOVARTIS AG | $143.9M | 941,818 | 0.19% | — |
| AMGN | AMGEN INC | $143.3M | 407,214 | 0.19% | — |
| BAC | BANK AMERICA CORP | $141.8M | 2,908,477 | 0.19% | — |
| EBAY | EBAY INC. | $140.2M | 1,539,802 | 0.19% | — |
| VYM | VANGUARD WHITEHALL FDS | $139.6M | 942,329 | 0.19% | — |
| IVW | ISHARES TR | $138.4M | 1,223,953 | 0.19% | — |
| VCSH | VANGUARD SCOTTSDALE FDS | $136.6M | 1,722,881 | 0.18% | — |
| RL | RALPH LAUREN CORP | $135.8M | 394,883 | 0.18% | — |
| SPDW | SPDR INDEX SHS FDS | $133.7M | 2,929,518 | 0.18% | — |
| VO | VANGUARD INDEX FDS | $133.1M | 463,622 | 0.18% | — |
| QCOM | QUALCOMM INC | $130.7M | 1,014,805 | 0.18% | — |
| XLY | SELECT SECTOR SPDR TR | $129.8M | 1,190,660 | 0.18% | — |
| VONV | VANGUARD SCOTTSDALE FDS | $128.4M | 1,370,202 | 0.17% | — |
| HCA | HCA HEALTHCARE INC | $128.4M | 271,315 | 0.17% | — |
| PSX | PHILLIPS 66 | $127.2M | 698,272 | 0.17% | — |
| IGSB | ISHARES TR | $127.0M | 2,416,319 | 0.17% | — |
| MA | MASTERCARD INCORPORATED | $126.3M | 252,732 | 0.17% | — |
| ABT | ABBOTT LABORATORIES | $126.2M | 1,229,293 | 0.17% | — |
| MCD | MCDONALDS CORP | $125.9M | 405,231 | 0.17% | — |
| SCHW | SCHWAB CHARLES CORP | $124.3M | 1,322,295 | 0.17% | — |
| VGT | VANGUARD WORLD FD | $122.5M | 175,592 | 0.17% | — |
| ECL | ECOLAB INC | $121.1M | 455,140 | 0.16% | — |
| IGM | ISHARES TR | $120.8M | 1,019,059 | 0.16% | — |
| RDVY | FIRST TR EXCHANGE TRADED FD | $120.4M | 1,763,900 | 0.16% | — |
| HONGBP | HONEYWELL INTL INC | $120.3M | 532,111 | 0.16% | — |
| TLT | ISHARES TR | $118.8M | 1,369,840 | 0.16% | — |
| IVE | ISHARES TR | $118.1M | 559,319 | 0.16% | — |
| COF | CAPITAL ONE FINL CORP | $117.1M | 642,019 | 0.16% | — |
| LOW | LOWES COS INC | $114.6M | 484,946 | 0.15% | — |
| IWY | ISHARES TR | $114.4M | 459,861 | 0.15% | — |
| VB | VANGUARD INDEX FDS | $113.8M | 434,428 | 0.15% | — |
| JAAA | JANUS DETROIT STR TR | $113.7M | 2,256,576 | 0.15% | — |
| DE | DEERE & CO | $112.8M | 200,304 | 0.15% | — |
| IBB | ISHARES TR | $112.5M | 666,343 | 0.15% | — |
| VZ | VERIZON COMMUNICATIONS INC | $110.1M | 2,193,426 | 0.15% | — |
| TLH | ISHARES TR | $109.3M | 1,085,184 | 0.15% | — |
| ANET | ARISTA NETWORKS INC | $108.4M | 882,765 | 0.15% | — |
| CRWD | CROWDSTRIKE HLDGS INC | $107.2M | 274,507 | 0.14% | — |
| GPC | GENUINE PARTS CO | $105.8M | 1,000,027 | 0.14% | — |
| SDVY | FIRST TR EXCHANGE TRADED FD | $104.6M | 2,653,798 | 0.14% | — |
| BIL | SPDR SERIES TRUST | $104.3M | 1,138,500 | 0.14% | — |
| MUB | ISHARES TR | $104.0M | 980,111 | 0.14% | — |
| SDY | SPDR SERIES TRUST | $103.6M | 709,668 | 0.14% | — |
| VCIT | VANGUARD SCOTTSDALE FDS | $103.2M | 1,247,587 | 0.14% | — |
| NEE | NEXTERA ENERGY INC | $101.3M | 1,091,056 | 0.14% | — |
| GD | GENERAL DYNAMICS CORP | $100.8M | 293,719 | 0.14% | — |
| AMAT | APPLIED MATLS INC | $100.7M | 294,529 | 0.14% | — |
| AXP | AMERICAN EXPRESS CO | $98.1M | 324,302 | 0.13% | — |
This table is the 150 largest positions by value, out of 2,774 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 14 options positions with a combined notional of $116.7M. 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 TRUIST FINANCIAL CORP (CIK 92230, accession 0000092230-26-000059). 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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