13F holdings
TUDOR INVESTMENT CORP ET AL portfolio
Managed by . 1,648 reported positions worth $18.6B as of 2026-03-31, filed with the SEC on 2026-05-15. Parsed from the filing itself, not a reseller.
$18.6B
Book value
1,648
Positions
14%
Top 10 weight
+606
New this quarter
-515
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 45 days old on 2026-05-15, 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 (606)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| WBD | Warner Bros Discovery Inc - A | $193.7M | 7,055,087 | 1.04% |
| TECK | Teck Resources Ltd - US Class B | $147.4M | 2,848,651 | 0.79% |
| PEN | Penumbra Inc - US | $135.0M | 411,118 | 0.73% |
| META | Meta Platforms Inc - US | $121.3M | 211,995 | 0.65% |
| MU | Micron Technology Inc - US | $120.1M | 355,468 | 0.65% |
| WFC | Wells Fargo & Co - US | $105.9M | 1,330,271 | 0.57% |
| COF | Capital One Financial Corp - US | $99.2M | 543,608 | 0.53% |
| AVGO | Broadcom Inc - US | $96.5M | 311,764 | 0.52% |
| CMI | Cummins Inc - US | $88.9M | 165,221 | 0.48% |
| DHR | Danaher Corp - US | $84.8M | 447,231 | 0.46% |
| APH | Amphenol Corp - US | $77.6M | 613,970 | 0.42% |
| PH | Parker-Hannifin Corp - US | $68.4M | 76,384 | 0.37% |
| WTRG | Essential Utilities Inc - US | $55.8M | 1,385,895 | 0.30% |
| ITGR 1.875 03/15/30 | Integer Holdings Corp - US | $48.4M | 50,500,000 | 0.26% |
| CRWD | Crowdstrike Holdings Inc - US | $46.5M | 119,119 | 0.25% |
| MMM | 3M Co - US | $46.4M | 319,347 | 0.25% |
| EEM | Ishares Msci Emerging Markets Etf | $42.7M | 751,981 | 0.23% |
| RTX | RTX Corp - US | $42.6M | 220,795 | 0.23% |
| SNDK | Sandisk Corp/DE - US | $42.1M | 66,205 | 0.23% |
| LRCX | Lam Research Corp - US | $40.3M | 188,579 | 0.22% |
| STX | Seagate Technology Holdings Plc - | $40.0M | 102,041 | 0.22% |
| AIG | American International Group Inc - | $38.0M | 505,602 | 0.20% |
| FDX | Fedex Corp - US | $37.7M | 105,900 | 0.20% |
| DWDPEUR | Dupont De Nemours Inc - US | $37.2M | 811,858 | 0.20% |
| CAKE 2 03/15/30 | Cheesecake Factory Inc/The - US | $33.6M | 33,000,000 | 0.18% |
Closed out (515)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| EXK | Exact Sciences Corp - US | $200.9M | 1,978,628 | 0.00% |
| CYBR | Cyberark Software Ltd - US | $158.5M | 355,361 | 0.00% |
| 8QR | Confluent Inc - US | $119.4M | 3,950,025 | 0.00% |
| CMA | Comerica Inc - US | $96.2M | 1,106,871 | 0.00% |
| LIN | New Linde Plc - US | $85.6M | 200,841 | 0.00% |
| FISV | Fiserv Inc - US | $68.0M | 1,011,917 | 0.00% |
| WDAY | Workday Inc - US | $64.4M | 300,000 | 0.00% |
| AVDL | Avadel Pharmaceuticals Plc - US | $64.3M | 2,983,541 | 0.00% |
| GS | Goldman Sachs Group Inc/The - US | $57.1M | 65,000 | 0.00% |
| BLK | Blackrock Funding Inc/De - US | $55.5M | 51,897 | 0.00% |
| CCL1EUR | Carnival Corp - US | $54.3M | 1,777,104 | 0.00% |
| RNAGBP | Avidity Biosciences Inc - US | $52.9M | 733,010 | 0.00% |
| CDNS | Cadence Design Systems Inc - US | $48.4M | 154,837 | 0.00% |
| GWRE 1.25 11/01/29 | Guidewire Software Inc - US | $47.7M | 43,250,000 | 0.00% |
| SNOW 0 10/01/27 | Snowflake Inc - US | $46.1M | 31,000,000 | 0.00% |
| MRSH | Marsh & Mclennan Cos Inc - US | $40.8M | 220,096 | 0.00% |
| CBSH | Commerce Bancshares Inc/Mo - US | $37.7M | 720,493 | 0.00% |
| EOG | Eog Resources Inc - US | $37.3M | 355,300 | 0.00% |
| SNAP | Snap Inc - US | $35.8M | 4,437,521 | 0.00% |
| NXT | Nextpower Inc - US | $35.1M | 403,073 | 0.00% |
| BYD | Boyd Gaming Corp - US | $34.7M | 407,575 | 0.00% |
| ABNB | Airbnb Inc - US | $34.3M | 253,000 | 0.00% |
| ADSK | Autodesk Inc - US | $33.2M | 112,000 | 0.00% |
| PFE | Pfizer Inc - US | $32.4M | 1,301,716 | 0.00% |
| DOC | Healthpeak Properties Inc - US REI | $32.0M | 1,988,328 | 0.00% |
Added to (530)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| SPY | State Street SPDR S&P 500 ETF Trus | $727.8M | 1,119,113 | 3.92% | +152% |
| EA* | Electronic Arts Inc - US | $275.7M | 1,352,130 | 1.48% | +52% |
| TSLA | Tesla Inc - US | $217.4M | 584,718 | 1.17% | +875% |
| WBS | Webster Financial Corp - US | $213.8M | 3,079,817 | 1.15% | +2314% |
| AAPL | Apple Inc - US | $203.4M | 801,529 | 1.09% | +27% |
| KVUE | Kenvue Inc - US | $191.9M | 11,128,599 | 1.03% | +63% |
| NSC | Norfolk Southern Corp - US | $181.3M | 631,675 | 0.98% | +58% |
| SDA | Sealed Air Corp - US | $179.5M | 4,267,942 | 0.97% | +2% |
| HO1 | Hologic Inc - US | $166.1M | 2,196,804 | 0.89% | +36% |
| JPM | Jpmorgan Chase & Co - US | $143.6M | 488,304 | 0.77% | +62% |
| UNH | Unitedhealth Group Inc - US | $131.6M | 486,375 | 0.71% | +40% |
| LLY | Eli Lilly & Co - US | $114.7M | 124,672 | 0.62% | +167% |
| TJX | Tjx Cos Inc/The - US | $112.6M | 705,328 | 0.61% | +4186% |
| AMD | Advanced Micro Devices Inc - US | $109.0M | 535,596 | 0.59% | +23% |
| LBRDK | Liberty Broadband C | $107.4M | 2,135,654 | 0.58% | +1% |
Trimmed (460)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| ETN | Eaton Corp Plc - US | $233,201 | 652 | 0.00% | -100% |
| SYK | Stryker Corp - US | $450,168 | 1,370 | 0.00% | -99% |
| CDE | Coeur Mining Inc - US | $219,496 | 11,694 | 0.00% | -99% |
| USMV | Ishares Msci Usa Min Vol Factor Et | $232,406 | 2,506 | 0.00% | -98% |
| IWM | Ishares Russell 2000 Etf - US ETP | $2.4M | 9,559 | 0.01% | -98% |
| PL | Planet Labs PBC - US | $1.1M | 39,100 | 0.01% | -97% |
| KMI | Kinder Morgan Inc - US | $2.1M | 62,677 | 0.01% | -97% |
| RNR | Renaissancere Holdings Ltd - US | $407,205 | 1,370 | 0.00% | -96% |
| IRDM | Iridium Communications Inc - US | $663,180 | 23,907 | 0.00% | -96% |
| ANF | Abercrombie & Fitch Co - US | $537,712 | 5,885 | 0.00% | -96% |
| IUSV | Ishares Core S&P U.S. Value Etf - | $226,995 | 2,220 | 0.00% | -96% |
| SSB | SouthState Bank Corp - US | $269,788 | 2,916 | 0.00% | -96% |
| AMR | Alpha Metallurgical Resources Inc | $430,862 | 2,099 | 0.00% | -96% |
| XLC | State Street Communication Service | $1.8M | 16,398 | 0.01% | -96% |
| MHK | Mohawk Industries Inc - US | $482,454 | 4,900 | 0.00% | -96% |
The book
Largest 150 of 1,648 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| SPY | State Street SPDR S&P 500 ETF Trus | $727.8M | 1,119,113 | 3.92% | — |
| EA* | Electronic Arts Inc - US | $275.7M | 1,352,130 | 1.48% | — |
| MSFT | Microsoft Corp - US | $249.6M | 674,335 | 1.34% | — |
| TSLA | Tesla Inc - US | $217.4M | 584,718 | 1.17% | — |
| WBS | Webster Financial Corp - US | $213.8M | 3,079,817 | 1.15% | — |
| AAPL | Apple Inc - US | $203.4M | 801,529 | 1.09% | — |
| WBD | Warner Bros Discovery Inc - A | $193.7M | 7,055,087 | 1.04% | — |
| KVUE | Kenvue Inc - US | $191.9M | 11,128,599 | 1.03% | — |
| AMZN | Amazon.Com Inc - US | $185.8M | 892,105 | 1.00% | — |
| NSC | Norfolk Southern Corp - US | $181.3M | 631,675 | 0.98% | — |
| SDA | Sealed Air Corp - US | $179.5M | 4,267,942 | 0.97% | — |
| NVDA | Nvidia Corp - US | $171.7M | 984,583 | 0.92% | — |
| HO1 | Hologic Inc - US | $166.1M | 2,196,804 | 0.89% | — |
| GOOGL | Alphabet, Inc. | $162.0M | 563,459 | 0.87% | — |
| TECK | Teck Resources Ltd - US Class B | $147.4M | 2,848,651 | 0.79% | — |
| JPM | Jpmorgan Chase & Co - US | $143.6M | 488,304 | 0.77% | — |
| QQQ | Invesco Qqq Trust Series 1 - US ET | $139.8M | 242,238 | 0.75% | — |
| PEN | Penumbra Inc - US | $135.0M | 411,118 | 0.73% | — |
| UNH | Unitedhealth Group Inc - US | $131.6M | 486,375 | 0.71% | — |
| IVV | Ishares Core S&P 500 Etf - US ETP | $127.1M | 194,559 | 0.68% | — |
| META | Meta Platforms Inc - US | $121.3M | 211,995 | 0.65% | — |
| MU | Micron Technology Inc - US | $120.1M | 355,468 | 0.65% | — |
| GLD | Spdr Gold Shares - US ETP | $116.1M | 269,902 | 0.62% | — |
| LLY | Eli Lilly & Co - US | $114.7M | 124,672 | 0.62% | — |
| TJX | Tjx Cos Inc/The - US | $112.6M | 705,328 | 0.61% | — |
| AMD | Advanced Micro Devices Inc - US | $109.0M | 535,596 | 0.59% | — |
| LBRDK | Liberty Broadband C | $107.4M | 2,135,654 | 0.58% | — |
| WFC | Wells Fargo & Co - US | $105.9M | 1,330,271 | 0.57% | — |
| TSM | Taiwan Semiconductor Manufacturing | $105.1M | 310,947 | 0.57% | — |
| COF | Capital One Financial Corp - US | $99.2M | 543,608 | 0.53% | — |
| AVGO | Broadcom Inc - US | $96.5M | 311,764 | 0.52% | — |
| AMAT | Applied Materials Inc - US | $89.7M | 262,413 | 0.48% | — |
| CMI | Cummins Inc - US | $88.9M | 165,221 | 0.48% | — |
| DHR | Danaher Corp - US | $84.8M | 447,231 | 0.46% | — |
| BKNG | Booking Holdings Inc - US | $80.5M | 19,116 | 0.43% | — |
| PCG | Pg&E Corp - US | $78.7M | 4,477,427 | 0.42% | — |
| APH | Amphenol Corp - US | $77.6M | 613,970 | 0.42% | — |
| MCHP 0.75 06/01/30 | Microchip Technology Inc - US | $75.9M | 76,500,000 | 0.41% | — |
| IREN 3.25 06/15/30 | IREN Ltd - US | $72.9M | 31,803,000 | 0.39% | — |
| UBER 0.875 12/01/28 2028 | Uber Technologies Inc - US | $71.1M | 59,000,000 | 0.38% | — |
| PH | Parker-Hannifin Corp - US | $68.4M | 76,384 | 0.37% | — |
| CBRE | Cbre Group Inc - US | $67.7M | 500,068 | 0.36% | — |
| ORLY | O'Reilly Automotive Inc - US | $65.4M | 708,749 | 0.35% | — |
| SMCI 3.5 03/01/29 | Super Micro Computer Inc - US | $65.0M | 80,850,000 | 0.35% | — |
| CVX | Chevron Corp - US | $64.9M | 313,717 | 0.35% | — |
| TDG | Transdigm Group Inc - US | $64.8M | 55,940 | 0.35% | — |
| DXCM 0.375 05/15/28 | Dexcom Inc - US | $63.8M | 69,150,000 | 0.34% | — |
| DKNG 0 03/15/28 | DraftKings Inc - US | $61.5M | 68,000,000 | 0.33% | — |
| TER | Teradyne Inc - US | $61.4M | 207,134 | 0.33% | — |
| BRK/B | Berkshire Hathaway Inc - US Class | $60.8M | 126,935 | 0.33% | — |
| DIS | Walt Disney Co/The - US | $60.5M | 627,767 | 0.33% | — |
| TEL | Te Connectivity Ltd - US | $59.9M | 286,557 | 0.32% | — |
| NTNX 0.5 12/15/29 | Nutanix Inc - US | $58.3M | 64,500,000 | 0.31% | — |
| AKAM 0.375 09/01/27 | Akamai Technologies Inc - US | $58.2M | 50,203,000 | 0.31% | — |
| SPGI | S&P Global Inc - US | $57.3M | 134,631 | 0.31% | — |
| ALLE | Allegion Plc - US | $57.2M | 393,773 | 0.31% | — |
| DOCU | Docusign Inc - US | $55.8M | 1,177,425 | 0.30% | — |
| WTRG | Essential Utilities Inc - US | $55.8M | 1,385,895 | 0.30% | — |
| CNC | Centene Corp - US | $54.1M | 1,653,532 | 0.29% | — |
| STT | State Street Corp - US | $53.9M | 426,078 | 0.29% | — |
| ACLXGBX | Arcellx Inc - US | $53.1M | 462,588 | 0.29% | — |
| CGDV | Capital Group Dividend Value ETF - | $53.0M | 1,246,887 | 0.29% | — |
| HWM | Howmet Aerospace Inc - US | $52.0M | 225,806 | 0.28% | — |
| NEM | Newmont Corp - US | $51.5M | 475,346 | 0.28% | — |
| BKR | Baker Hughes Co - US | $50.5M | 827,783 | 0.27% | — |
| CVS | Cvs Health Corp - US | $49.0M | 681,806 | 0.26% | — |
| ALB | Albemarle Corp - US | $48.5M | 270,140 | 0.26% | — |
| ITGR 1.875 03/15/30 | Integer Holdings Corp - US | $48.4M | 50,500,000 | 0.26% | — |
| SLV | Ishares Silver Trust - US ETP | $47.9M | 702,630 | 0.26% | — |
| CME | Cme Group Inc - US | $47.6M | 161,145 | 0.26% | — |
| CRWD | Crowdstrike Holdings Inc - US | $46.5M | 119,119 | 0.25% | — |
| NOW | Servicenow Inc - US | $46.5M | 444,628 | 0.25% | — |
| MMM | 3M Co - US | $46.4M | 319,347 | 0.25% | — |
| EXE | Expand Energy Corp - US | $44.9M | 408,643 | 0.24% | — |
| ADBE | Adobe Inc - US | $43.9M | 180,591 | 0.24% | — |
| VICI | Vici Properties Inc - US REIT | $43.6M | 1,596,697 | 0.23% | — |
| EEM | Ishares Msci Emerging Markets Etf | $42.7M | 751,981 | 0.23% | — |
| RTX | RTX Corp - US | $42.6M | 220,795 | 0.23% | — |
| TT | Trane Technologies Plc - US | $42.2M | 101,156 | 0.23% | — |
| SNDK | Sandisk Corp/DE - US | $42.1M | 66,205 | 0.23% | — |
| ESNT | Essent Group Ltd - US | $40.5M | 693,686 | 0.22% | — |
| LRCX | Lam Research Corp - US | $40.3M | 188,579 | 0.22% | — |
| EWY | Ishares Msci South Korea Etf - US | $40.2M | 327,138 | 0.22% | — |
| STX | Seagate Technology Holdings Plc - | $40.0M | 102,041 | 0.22% | — |
| BSX | Boston Scientific Corp - US | $39.7M | 632,552 | 0.21% | — |
| PDD | PDD Holdings Inc - US ADR | $39.4M | 385,372 | 0.21% | — |
| PEG | Public Service Enterprise Group In | $38.6M | 476,502 | 0.21% | — |
| AIG | American International Group Inc - | $38.0M | 505,602 | 0.20% | — |
| FDX | Fedex Corp - US | $37.7M | 105,900 | 0.20% | — |
| AAOI | Applied Optoelectronics Inc - US | $37.5M | 442,781 | 0.20% | — |
| DWDPEUR | Dupont De Nemours Inc - US | $37.2M | 811,858 | 0.20% | — |
| SF | Stifel Financial Corp - US | $36.2M | 489,907 | 0.19% | — |
| EXLS | Exlservice Holdings Inc - US | $35.9M | 1,178,777 | 0.19% | — |
| MTG | Mgic Investment Corp - US | $35.4M | 1,349,651 | 0.19% | — |
| ABBV | Abbvie Inc - US | $35.0M | 161,053 | 0.19% | — |
| AWI | Armstrong World Industries Inc - U | $35.0M | 212,485 | 0.19% | — |
| RIG | Transocean Ltd - US | $35.0M | 5,278,418 | 0.19% | — |
| VMC | Vulcan Materials Co - US | $34.9M | 127,994 | 0.19% | — |
| PBF | Pbf Energy Inc - US | $34.8M | 730,437 | 0.19% | — |
| HL | Hecla Mining Co - US | $34.5M | 1,854,268 | 0.19% | — |
| EME | Emcor Group Inc - US | $34.5M | 46,750 | 0.19% | — |
| ADP | Automatic Data Processing Inc - US | $34.2M | 168,432 | 0.18% | — |
| PLTR | Palantir Technologies Inc - US | $33.9M | 231,907 | 0.18% | — |
| CAKE 2 03/15/30 | Cheesecake Factory Inc/The - US | $33.6M | 33,000,000 | 0.18% | — |
| T | At&T Inc - US | $33.5M | 1,156,000 | 0.18% | — |
| LYV 2.875 01/15/30 | Live Nation Entertainment Inc - US | $33.5M | 31,000,000 | 0.18% | — |
| ABT | Abbott Laboratories - US | $33.5M | 326,258 | 0.18% | — |
| SEDG | Solaredge Technologies Inc - US | $33.4M | 655,109 | 0.18% | — |
| HLI | Houlihan Lokey Inc - US | $33.4M | 232,715 | 0.18% | — |
| SHOP | Shopify Inc - US | $33.1M | 279,318 | 0.18% | — |
| LEN | Lennar Corp - US | $32.9M | 379,286 | 0.18% | — |
| AES | Aes Corp/The - US | $32.6M | 2,311,267 | 0.18% | — |
| EL | Estee Lauder Cos Inc/The - US | $32.3M | 450,222 | 0.17% | — |
| RPRX | Royalty Pharma Plc - US | $32.2M | 671,680 | 0.17% | — |
| ICE | Intercontinental Exchange Inc - US | $32.1M | 204,178 | 0.17% | — |
| URI | United Rentals Inc - US | $31.9M | 43,828 | 0.17% | — |
| VOO | Vanguard S&P 500 Etf - US ETP | $31.9M | 53,420 | 0.17% | — |
| KWEB | Kraneshares Csi China Internet Etf | $31.9M | 1,120,334 | 0.17% | — |
| TTEK 2.25 08/15/28 | Tetra Tech Inc - US | $31.6M | 30,120,000 | 0.17% | — |
| GD | General Dynamics Corp - US | $31.5M | 91,731 | 0.17% | — |
| GATX | Gatx Corp - US | $31.1M | 181,928 | 0.17% | — |
| LDOS | Leidos Holdings Inc - US | $30.9M | 198,781 | 0.17% | — |
| CLF | Cleveland-Cliffs Inc - US | $30.9M | 3,657,653 | 0.17% | — |
| FNB | Fnb Corp/Pa - US | $30.8M | 1,844,245 | 0.17% | — |
| DASH | Doordash Inc - US | $30.8M | 205,000 | 0.17% | — |
| CTAS | Cintas Corp - US | $30.7M | 181,451 | 0.17% | — |
| BAC | Bank Of America Corp - US | $30.6M | 628,080 | 0.16% | — |
| OZK | Bank Ozk - US | $30.6M | 666,722 | 0.16% | — |
| EPRT | Essential Properties Realty Trust | $30.6M | 1,007,076 | 0.16% | — |
| NTRA | Natera Inc - US | $30.1M | 150,693 | 0.16% | — |
| FSLY | Fastly Inc - US | $30.1M | 1,036,479 | 0.16% | — |
| DECK | Deckers Outdoor Corp - US | $29.9M | 299,183 | 0.16% | — |
| INTC | Intel Corp - US | $29.7M | 672,706 | 0.16% | — |
| HESM | Hess Midstream Lp - US | $29.7M | 763,131 | 0.16% | — |
| ROK | Rockwell Automation Inc - US | $29.6M | 82,349 | 0.16% | — |
| SSNC | Ss&C Technologies Holdings Inc - U | $29.1M | 430,647 | 0.16% | — |
| WMT | Walmart Inc - US | $29.0M | 233,473 | 0.16% | — |
| C | Citigroup Inc - US | $29.0M | 255,688 | 0.16% | — |
| XENE | Xenon Pharmaceuticals Inc - US | $28.8M | 495,591 | 0.16% | — |
| FICO | Fair Isaac Corp - US | $28.8M | 26,994 | 0.16% | — |
| VSXY | Victoria's Secret & Co - US | $28.7M | 618,002 | 0.15% | — |
| FIVE | Five Below Inc - US | $28.6M | 125,336 | 0.15% | — |
| JCI | Johnson Controls International Plc | $28.6M | 218,509 | 0.15% | — |
| STNG | Scorpio Tankers Inc - US | $28.3M | 378,732 | 0.15% | — |
| WRB | W R Berkley Corp - US | $28.3M | 426,345 | 0.15% | — |
| AMH | American Homes 4 Rent - US REIT | $28.1M | 1,007,393 | 0.15% | — |
| XLY | State Street Consumer Discretionar | $28.0M | 256,729 | 0.15% | — |
| ULTA | Ulta Beauty Inc - US | $27.8M | 53,250 | 0.15% | — |
| WAL | Western Alliance Bancorp - US | $27.6M | 390,011 | 0.15% | — |
| CMCSA | Comcast Corp - US | $27.6M | 962,219 | 0.15% | — |
This table is the 150 largest positions by value, out of 1,648 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 1866 options positions with a combined notional of $35.3B. 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 TUDOR INVESTMENT CORP ET AL (CIK 923093, accession 0000902664-26-002516). 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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