HolderBook

Lombard Odier Asset Management (Europe) Ltd

Reported holdings as of Q2 2026, from 31 quarterly filings.

CIK
1535784
Reported value
$2.4B
Positions
211
Top 10 weight
21.6%
Filed
2026-08-14
Days after quarter end
45

Holdings

SecurityTickerValue SharesWeightWeight change Held Change
NVIDIA CORPORATIONNVDA$93.0M465,0303.92%-0.30pp19q+4.8%+$4.3M
ALPHABET INC OPTGOOGL$78.5M208,6593.31%-0.76pp3q-16.0%-$14.9M
SNOWFLAKE INC$62.1M35,105,0002.62%+1.78pp2qDEBT
CYBERARK SOFTWARE LTD$53.5M32,100,0002.26%-newDEBT
CLOUDFLARE INC$45.2M35,622,0001.91%-newDEBT
AKAMAI TECHNOLOGIES INC$43.6M29,787,0001.84%-newDEBT
AMAZON COM INCAMZN$36.2M151,8421.53%+0.42pp3q+56.6%+$13.1M
JD.COM INC$35.0M35,542,0001.47%-newDEBT
UBER TECHNOLOGIES INC$34.4M28,648,0001.45%-0.45pp4qDEBT
MICRON TECHNOLOGY INCMU$31.6M27,3341.33%+0.91pp2q+20.9%+$5.5M
CENTERPOINT ENERGY INC$30.1M24,602,0001.27%-0.94pp3qDEBT
HALOZYME THERAPEUTICS INC$29.1M19,789,0001.23%-0.18pp3qDEBT
LIVE NATION ENTERTAINMENT IN$28.5M23,477,0001.20%-0.21pp3qDEBT
DATADOG INC$28.2M19,876,0001.19%+0.06pp3qDEBT
WASTE MGMT INC DELWM$26.8M120,2101.13%+0.09pp3q+45.2%+$8.3M
NEXTERA ENERGY CAP HLDGS INC$26.5M19,985,0001.12%-0.40pp3qDEBT
MERCK & CO INC OPTMRK$25.9M172,6541.09%-0.35pp3q-9.7%-$2.8M
PG&E CORP$25.9M25,136,0001.09%-0.57pp3qDEBT
CMS ENERGY CORP$25.7M22,909,0001.08%+0.21pp3qDEBT
NEXXEN INTL LTDNEXN$24.1M2,667,5521.02%-newNEW
EBAY INC.EBAY$23.4M209,3370.99%+0.66pp9q+216.3%+$16.0M
ELI LILLY & COLLY$23.1M19,2990.98%+0.16pp3q+19.3%+$3.7M
OWENS CORNING NEWOC$22.9M143,9450.96%-newNEW
ON SEMICONDUCTOR CORP$22.8M12,701,0000.96%-0.48pp2qDEBT
RIVIAN AUTOMOTIVE INC$22.1M20,536,0000.93%-0.57pp3qDEBT
CROWN HLDGS INCCCK$21.9M195,5580.92%+0.02pp26q+18.7%+$3.4M
ROCKWELL AUTOMATION INCROK$21.6M43,5820.91%+0.20pp6q+20.4%+$3.6M
BROADCOM INCAVGO$21.5M56,9140.91%+0.41pp3q+93.4%+$10.4M
PALO ALTO NETWORKS INCPANW$21.2M62,2580.90%+0.23pp3q-18.4%-$4.8M
GAMESTOP CORP$21.2M20,713,0000.89%-newDEBT
PARSONS CORP DEL$21.2M21,228,0000.89%-0.02pp6qDEBT
JOHNSON & JOHNSONJNJ$21.0M82,8820.89%+0.13pp3q+45.5%+$6.6M
OREILLY AUTOMOTIVE INCORLY$20.7M225,3210.87%+0.44pp3q+160.6%+$12.8M
NEXTERA ENERGY INCNEE$20.6M234,5890.87%-0.58pp31q-17.9%-$4.5M
REPUBLIC SVCS INCRSG$19.9M93,4100.84%-0.02pp3q+29.7%+$4.6M
ECOLAB INCECL$19.9M71,4230.84%-0.22pp9q-2.1%-$423.5K
TESLA INCTSLA$19.7M46,8970.83%+0.66pp17q+467.2%+$16.2M
FIRSTENERGY CORP$19.7M17,628,0000.83%-newDEBT
CSX CORPCSX$19.3M405,7180.81%+0.10pp3q+27.6%+$4.2M
THERMO FISHER SCIENTIFIC INCTMO$18.5M36,8120.78%-0.42pp17q-17.3%-$3.8M
S&P GLOBAL INCSPGI$18.4M45,0850.77%-0.38pp9q-9.1%-$1.8M
ADVANCED MICRO DEVICES INCAMD$18.2M31,2670.77%-0.24pp19q-65.4%-$34.4M
ALLIANT ENERGY CORP$18.1M16,526,0000.76%-newDEBT
CADENCE DESIGN SYSTEM INCCDNS$18.1M48,1440.76%-0.04pp27q-9.1%-$1.8M
SERVICENOW INCNOW$17.9M180,3580.75%+0.19pp4q+80.7%+$8.0M
FIRSTENERGY CORP$17.8M15,754,0000.75%-newDEBT
ZEBRA TECHNOLOGIES CORPORATIZBRA$17.0M64,6460.72%+0.42pp9q+151.7%+$10.3M
MANULIFE FINL CORPMFC$16.9M417,8930.71%-0.29pp9q-21.9%-$4.7M
INTEGER HLDGS CORP$16.6M17,072,0000.70%-newDEBT
ALPHABET INC$16.3M325,0000.69%-newNEW
ALPHABET INCGOOGN$16.3M325,0000.69%-newNEW
UNITY SOFTWARE INC$16.3M14,359,0000.69%-newDEBT
QXO INCQXO$15.7M910,8120.66%-0.11pp3q+24.1%+$3.1M
UNITED RENTALS INCURI$15.7M13,8330.66%+0.26pp2q+36.5%+$4.2M
MSCI INCMSCI$15.6M27,8010.66%-0.15pp5q+1.7%+$255.9K
ECHOSTAR CORP$15.4M4,926,0000.65%-newDEBT
APPLIED MATLS INCAMAT$15.2M20,9600.64%+0.14pp3q-22.3%-$4.4M
APPLIED DIGITAL CORP$15.1M3,550,0000.63%-newDEBT
QFIN HOLDINGS INC$14.9M16,794,0000.63%-newDEBT
UBER TECHNOLOGIES INCUBER$14.9M206,0680.63%-0.19pp9qHELD
NEXTPOWER INCNXT$14.9M124,8080.63%-0.21pp4q-2.1%-$311.3K
EATON CORP PLCETN$14.3M33,6060.60%flat3q+8.5%+$1.1M
PRICESMART INCPSMT$14.3M72,9510.60%+0.10pp3q+18.6%+$2.2M
LIBERTY MEDIA CORP DEL$14.2M11,442,0000.60%-0.12pp3qDEBT
MARSH & MCLENNAN COS INCMRSH$14.2M85,2230.60%-0.20pp2q+1.4%+$194.5K
BANK OF AMER CORPBACPRL$14.2M11,3170.60%-newNEW
DEERE & CODE$14.1M22,2930.60%+0.20pp12q+72.0%+$5.9M
NUTANIX INC$13.8M14,045,0000.58%-0.11pp3qDEBT
BOOKING HOLDINGS INCBKNG$13.7M76,7010.58%+0.17pp2q+4260.5%+$13.4M
APPLE INCAAPL$13.6M46,9970.57%-0.06pp4q+3.3%+$440.4K
CYTOKINETICS INC OPTCYTK$13.5Moptions only0.57%+0.20pp3qOPTIONS
PULTE GROUP INCPHM$13.4M97,9190.57%+0.42pp2q+343.1%+$10.4M
ETSY INC$13.4M14,625,0000.56%+0.26pp4qDEBT
ADVANCED DRAIN SYS INC DELWMS$12.9M82,0320.54%-0.29pp23q-26.2%-$4.6M
MICROCHIP TECHNOLOGY INC.$12.7M13,258,0000.54%-0.44pp3qDEBT
STEEL DYNAMICS INCSTLD$12.3M53,7860.52%-0.56pp3q-51.0%-$12.8M
LANTHEUS HLDGS INC$12.2M8,354,0000.52%+0.04pp3qDEBT
MICROSOFT CORPMSFT$12.2M32,6050.51%-0.23pp31q+149.4%+$7.3M
VERISK ANALYTICS INCVRSK$12.2M67,6850.51%-0.29pp3q-12.4%-$1.7M
SPOTIFY TECHNOLOGY S ASPOT$12.1M26,3210.51%+0.08pp2q+62.9%+$4.7M
UBER TECHNOLOGIES INC$12.0M10,411,0000.51%-newDEBT
CAMECO CORPCCJ$11.8M116,2730.50%-0.21pp3q-2.8%-$342.1K
SUNBELT RENTALS HOLDINGS INCSUNB$11.8M158,1610.50%-newNEW
IQVIA HLDGS INCIQV$11.7M60,4940.49%-0.15pp9q-13.1%-$1.8M
AUTODESK INCADSK$11.7M59,9290.49%-0.26pp3q+4.4%+$493.4K
ENPHASE ENERGY INCENPH$11.5M233,7880.49%-0.01pp2q-3.5%-$414.4K
CLEANSPARK INC$11.1M8,500,0000.47%-newDEBT
NU HLDGS LTDNU$10.7M803,0670.45%+0.11pp2q+83.2%+$4.9M
MEDTRONIC PLCMDT$10.6M135,9890.45%-0.24pp4q-6.5%-$739.6K
PINNACLE WEST CAP CORP$10.4M8,662,0000.44%-0.11pp5qDEBT
MERIT MED SYS INC$10.2M9,396,0000.43%-newDEBT
ARROWHEAD PHARMACEUTICALS IN$10.1M8,452,0000.43%-newDEBT
GUIDEWIRE SOFTWARE INC$10.1M10,503,0000.43%-0.14pp3qDEBT
HAEMONETICS CORP MASS$10.1M9,985,0000.43%flat3qDEBT
VERALTO CORPVLTO$10.1M113,6900.43%-0.23pp8q-16.1%-$1.9M
TJX COS INC NEWTJX$9.8M64,8280.41%-0.24pp9q-13.5%-$1.5M
INTERCONTINENTAL EXCHANGE INICE$9.6M78,2070.41%-0.22pp2q+7.0%+$628.2K
CARPENTER TECHNOLOGY CORPCRS$9.6M15,5830.41%+0.20pp2q+60.0%+$3.6M
NUTANIX INC$9.6M8,491,0000.40%-0.09pp3qDEBT
SPROUTS FMRS MKT INCSFM$9.4M110,6380.39%-newNEW
CANADIAN PACIFIC KANSAS CITYCP$9.2M106,4590.39%+0.01pp3q+21.3%+$1.6M
REPLIGEN CORP$8.7M8,437,0000.36%-0.04pp3qDEBT
ON HLDG AGONON$8.6M241,6480.36%+0.25pp2q+311.4%+$6.5M
BOEING COBAPRA$8.4M125,0000.35%-newNEW
CORTEVA INCCTVA$8.3M98,1650.35%-0.41pp16q-40.9%-$5.7M
DATADOG INCDDOG$8.3M31,8510.35%+0.05pp3q-31.0%-$3.7M
COLGATE PALMOLIVE COCL$8.0M87,3360.34%-0.11pp3q-9.9%-$878.9K
BIRKENSTOCK HOLDING PLCBIRK$7.9M183,5410.33%+0.05pp5q+26.0%+$1.6M
STRATEGY INC$7.6M7,400,0000.32%-newDEBT
ALBEMARLE CORPALBPRA$7.5M136,3500.32%-newNEW
FLEX LTDFLEX$7.3M44,7770.31%+0.04pp2q-40.8%-$5.0M
SALESFORCE INCCRM$7.2M46,2690.31%-0.11pp5q+13.0%+$831.9K
XYLEM INCXYL$6.7M56,7810.28%-0.30pp14q-36.5%-$3.9M
MERCADOLIBRE INCMELI$6.7M3,9260.28%+0.03pp2q+49.7%+$2.2M
IRHYTHM HOLDINGS INC$6.5M5,828,0000.27%-0.08pp2qDEBT
DARLING INGREDIENTS INCDAR$6.3M114,7840.26%-0.35pp9q-37.4%-$3.7M
POST HLDGS INC$5.9M5,636,0000.25%-0.08pp3qDEBT
IREN LIMITED OPTIREN$5.9Moptions only0.25%-newOPTIONS
MONOLITHIC PWR SYS INCMPWR$5.8M4,1810.24%-0.54pp6q-68.0%-$12.3M
ITRON INC$5.6M5,579,0000.24%-0.07pp5qDEBT
CHIPOTLE MEXICAN GRILL INCCMG$5.5M163,0000.23%-0.08pp5q-10.0%-$613.6K
AGILENT TECHNOLOGIES INCA$5.1M38,7070.22%-0.16pp9q-36.1%-$2.9M
AIRBNB INCABNB$4.9M34,1900.21%-0.06pp3q-10.4%-$568.1K
ARRAY TECHNOLOGIES INC$4.8M5,127,0000.20%-0.05pp4qDEBT
AMERICAN WTR WKS CO INC NEWAWK$4.8M36,2050.20%-0.40pp25q-54.9%-$5.8M
ON SEMICONDUCTOR CORP$4.6M3,830,0000.20%+0.06pp2qDEBT
QUANTA SVCS INCPWR$4.6M6,4100.19%-0.30pp3q-61.3%-$7.3M
WEYERHAEUSER COWY$4.6M191,5310.19%-newNEW
SEA LTD$4.5M4,551,0000.19%-newDEBT
CLEAN HARBORS INCCLH$4.4M14,6000.18%-0.06pp9q-7.5%-$354.3K
SMURFIT WESTROCK PLCSW$4.3M92,8230.18%-0.36pp8q-62.5%-$7.2M
ROLLINS INCROL$4.3M102,3000.18%-newNEW
BILL HOLDINGS INC$4.2M4,901,0000.18%+0.13pp3qDEBT
DROPBOX INC$4.2M4,154,0000.18%-0.04pp3qDEBT
AECOMACM$4.2M60,0570.18%-0.49pp18q-58.4%-$5.9M
ALARM COM HLDGS INC$4.2M4,402,0000.18%-0.05pp3qDEBT
REGENERON PHARMACEUTICALSREGN$3.7M5,9580.16%-0.60pp3q-66.7%-$7.4M
HP INCHPQ$3.6M163,5920.15%+0.01pp3q+23.8%+$688.9K
GROUPON INCGRPN$3.5M147,2460.15%+0.08pp4q+44.2%+$1.1M
ALCOA CORPAA$3.5M67,8420.15%-0.18pp3q-24.8%-$1.2M
ENPHASE ENERGY INC$3.5M3,750,0000.15%-0.04pp4qDEBT
XPEL INCXPEL$3.5M70,2330.15%+0.02pp3q+37.3%+$946.5K
PTC INCPTC$3.5M30,6510.15%+0.06pp20q+172.1%+$2.2M
WHEATON PRECIOUS METALS CORPWPM$3.5M30,7630.15%-0.87pp3q-78.4%-$12.5M
TRIP COM GROUP LTD$3.4M3,500,0000.15%-newDEBT
CAPITAL ONE FINL CORPCOF$3.4M16,7180.14%-newNEW
API GROUP CORPAPG$3.3M78,0460.14%-0.02pp2q+10.9%+$325.4K
FIVE9 INC$3.3M3,659,0000.14%-0.04pp3qDEBT
JAZZ PHARMACEUTICALS PLC OPTJAZZ$3.2Moptions only0.14%-newOPTIONS
ON SEMICONDUCTOR CORPON$3.2M34,0090.14%-0.07pp2q-43.5%-$2.5M
FTAI AVIATION LTDFTAI$3.2M11,8070.13%+0.07pp2q+151.4%+$1.9M
SNAP INC$3.1M3,795,0000.13%-0.04pp3qDEBT
SANDISK CORPSNDK$3.0M1,3180.13%-newNEW
COPART INCCPRT$2.9M104,3090.12%-0.04pp9q+18.4%+$457.4K
GOLDMAN SACHS GROUP INCGS$2.9M2,8860.12%-newNEW
ACCENTURE PLC IRELANDACN$2.9M23,1150.12%-0.10pp3q+11.8%+$303.9K
VISTANCE NETWORKS INCVISN$2.8M221,8010.12%-0.11pp4q-4.9%-$144.9K
NASDAQ INCNDAQ$2.8M35,3890.12%-0.10pp3q-25.2%-$938.7K
ETSY INCETSY$2.8M36,8210.12%-newNEW
BOSTON SCIENTIFIC CORPBSX$2.6M61,3490.11%-0.41pp3q-59.5%-$3.8M
INTUITINTU$2.6M9,8160.11%-0.79pp9q-74.2%-$7.4M
SYSCO CORPSYY$2.4M29,0110.10%-0.15pp19q-54.7%-$2.9M
ETSY INC$2.4M2,500,0000.10%-0.03pp3qDEBT
UGI CORP NEW$2.4M1,750,0000.10%-0.04pp3qDEBT
DANAHER CORP DELDHR$2.3M12,1150.10%-0.17pp6q-53.6%-$2.7M
MERITAGE HOMES CORP$2.3M2,236,0000.10%-0.18pp3qDEBT
MAKEMYTRIP LIMITED MAURITIUS$2.3M2,500,0000.10%-newDEBT
WALMART INCWMT$2.2M19,4760.09%-newNEW
JPMORGAN CHASE & COJPM$2.1M6,5630.09%-newNEW
NVENT ELEC PLCNVT$2.0M11,8920.09%-0.38pp12q-83.6%-$10.2M
ICHOR HOLDINGSICHR$2.0M17,5040.08%-0.06pp2q-69.6%-$4.5M
VISA INCV$1.9M5,6070.08%-0.10pp5q-49.3%-$1.9M
MCKESSON CORPMCK$1.9M2,5410.08%-newNEW
ULTRA CLEAN HLDGS INCUCTT$1.8M12,8510.08%-0.10pp2q-75.0%-$5.5M
MARVELL TECHNOLOGY INCMRVL$1.8M5,9500.07%-0.13pp3q-84.6%-$9.7M
WEC ENERGY GROUP INC$1.7M1,400,0000.07%-0.02pp5qDEBT
DOORDASH INCDASH$1.7M9,0750.07%-newNEW
MASTEC INCMTZ$1.7M4,0000.07%-0.27pp9q-79.4%-$6.4M
COHERENT CORPCOHR$1.7M4,1930.07%-0.10pp3q-67.3%-$3.4M
AMER SPORTS INCAS$1.6M47,1320.07%-newNEW
APTIV PLCAPTV$1.5M24,9440.06%-0.48pp2q-82.6%-$7.3M
MARRIOTT VACATIONS WORLDWIDE$1.5M1,500,0000.06%-0.02pp3qDEBT
ETSY INC$1.5M1,438,0000.06%-0.02pp3qDEBT
DECKERS OUTDOOR CORPDECK$1.4M14,5870.06%-0.06pp5q-31.8%-$675.8K
VERTIV HOLDINGS COVRT$1.4M4,1220.06%-0.16pp5q-74.2%-$4.0M
NETFLIX INCNFLX$1.2M16,5780.05%-0.05pp3q-14.2%-$195.8K
CORPAY INCCPAY$1.1M3,3150.05%-newNEW
COGNEX CORPCGNX$892.9K12,3290.04%flat8q-10.0%-$99.6K
CROWN CASTLE INCCCI$846.5K11,1780.04%-newNEW
T-MOBILE US INCTMUS$705.3K4,2050.03%-newNEW
COSTCO WHOLESALE CORPORATIONCOST$610.9K6530.03%-newNEW
CAESARS ENTERTAINMENT INC NE OPTCZR$603.6Koptions only0.03%-newOPTIONS
GLOBAL PMTS INCGPN$559.2K7,7070.02%-0.51pp17q-94.7%-$9.9M
STRYKER CORPORATIONSYK$521.4K1,6560.02%-0.12pp5q-79.7%-$2.1M
UNITY SOFTWARE INC$442.7K450,0000.02%-0.15pp4qDEBT
MARKETAXESS HLDGS INCMKTX$429.3K3,7830.02%-0.17pp5q-81.9%-$1.9M
CLOUDFLARE INC OPTNET$417.0Koptions only0.02%flat2qOPTIONS
AST SPACEMOBILE INC OPTASTS$391.0Koptions only0.02%flat2qOPTIONS
ALPHABET INCGOOG$378.4K1,0710.02%flat2q-5.2%-$20.8K
PROCTER & GAMBLE COPG$352.2K2,4020.01%-newNEW
SEAGATE TECHNOLOGY HLDNGS PL OPTSTX$289.5Koptions only0.01%-newOPTIONS
SHOPIFY INCSHOP$246.8K2,1590.01%-newNEW
CISCO SYS INCCSCO$232.0K1,9750.01%-newNEW
AGCO CORPAGCO$229.9K1,9210.01%-0.02pp7q-59.0%-$331.6K
COINBASE GLOBAL INC OPTCOIN$219.3Koptions only0.01%-newOPTIONS
ECARX HOLDINGS INCECXWW$2.0K50,0000.00%-newNEW
STARDUST PWR INCSDSTW$1.9K16,6660.00%-newNEW
PALLADYNE AI CORPPDYNW$1.6K50,0000.00%-newNEW
BLACKSKY TECHNOLOGY INCBKSYWS$1.2K25,0000.00%-newNEW
BANZAI INTERNATIONAL INCBNZIW$49050,0000.00%-newNEW
CELULARITY INCCELUW$38284,9190.00%-newNEW

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Semiconductors & Electronics 9.8%Software & IT Services 8.3%Business Services 6.0%Retail & Consumer 4.7%Biotech & Pharma 4.5%Industrials 3.5%Utilities 3.2%Instruments & Controls 2.3%Chemicals 2.2%Construction & Building 1.8%Transport & Logistics 1.8%Computer Hardware 1.8%Other sectors 8.4%Not classified 41.8%
 
SectorValueShare
Semiconductors & Electronics$231.8M9.8%
Software & IT Services$197.2M8.3%
Business Services$141.3M6.0%
Retail & Consumer$111.2M4.7%
Biotech & Pharma$107.4M4.5%
Industrials$84.1M3.5%
Utilities$76.4M3.2%
Instruments & Controls$55.0M2.3%
Chemicals$51.1M2.2%
Construction & Building$42.6M1.8%
Transport & Logistics$42.2M1.8%
Computer Hardware$41.9M1.8%
Other sectors$199.5M8.4%
Not classified$990.4M41.8%

Quarter by quarter

QuarterValuePositions NewAddedTrimmed ExitedTop 10 Days to file
Q2 2026$2.4B2115954753521.6%45
Q1 2026$1.8B1873161793223.2%45
Q4 2025$2.0B1889532583620.9%48
Q3 2025$2.0B1294561216726.2%45
Q2 2025$1.4B1513447602425.3%45
Q1 2025$1.2B1412058566620.7%45
Q4 2024$1.6B1871360588224.9%45
Q3 2024$2.4B25644851095819.8%45
Q2 2024$2.1B2709672724121.9%45
Q1 2024$1.7B2152760883222.8%45
Q4 2023$1.7B22025431183422.9%45
Q3 2023$2.0B2293178873620.1%45
Q2 2023$2.1B23428771096322.2%45
Q1 2023$2.0B26935891243824.1%45
Q4 2022$2.5B27239801164424.4%45
Q3 2022$1.9B27757791063121.1%45
Q2 2022$2.0B25110579562522.2%46
Q1 2022$2.6B1714694294321.2%46
Q4 2021$2.3B1689730321522.9%119
Q3 2021$1.8B861225422726.5%43
Q2 2021$2.0B10121353017029.6%44
Q1 2021$1.8B25010939935933.3%47
Q4 2020$1.7B20060852421436.1%47
Q3 2020$1.7B35422945141046.2%47
Q2 2020$680.5M13516333617632.3%45
Q1 2020$1.2B295174315612536.5%45
Q4 2019$1.4B4033332221739.6%45
Q3 2019$1.2B3872236252735.7%45
Q2 2019$1.2B3924764291935.2%45
Q1 2019$1.0B3645024402938.6%45
Q4 2018$1.1B343000045.8%45

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.