# XPONANCE LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1637541. Source: https://holderbook.com/funds/1637541-xponance-llc/

- Reported value: $16.3B
- Positions: 1,841
- Weight of the ten largest: 37.3%
- Filed: 2026-08-10

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.3B | 6,686,846 | 8.2% | 25 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.0B | 3,521,915 | 6.3% | 25 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $657.7M | 1,763,288 | 4.0% | 25 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $597.9M | 1,673,110 | 3.7% | 25 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $499.7M | 1,322,921 | 3.1% | 25 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $478.4M | 1,353,965 | 2.9% | 25 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $462.0M | 1,938,527 | 2.8% | 25 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $365.0M | 316,243 | 2.2% | 25 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $338.6M | 805,044 | 2.1% | 25 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $331.1M | 587,820 | 2.0% | 25 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $268.1M | 461,498 | 1.6% | 25 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $266.9M | 222,559 | 1.6% | 25 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $165.8M | 229,388 | 1.0% | 25 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $162.4M | 495,998 | 1.0% | 25 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $160.2M | 466,935 | 1.0% | 25 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $157.8M | 364,140 | 1.0% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $144.8M | 289,301 | 0.9% | 25 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $130.0M | 122,094 | 0.8% | 25 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $118.6M | 466,851 | 0.7% | 25 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $118.2M | 846,607 | 0.7% | 25 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $118.0M | 229,675 | 0.7% | 25 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $112.5M | 372,746 | 0.7% | 25 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $105.6M | 282,483 | 0.6% | 20 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $99.0M | 105,848 | 0.6% | 25 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $92.8M | 790,433 | 0.6% | 25 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $92.4M | 676,075 | 0.6% | 25 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $91.2M | 805,607 | 0.6% | 25 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $89.0M | 252,265 | 0.5% | 25 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $88.3M | 350,912 | 0.5% | 25 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $86.5M | 73,600 | 0.5% | 9 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $85.8M | 1,202,237 | 0.5% | 25 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $77.5M | 227,199 | 0.5% | 25 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $76.8M | 257,606 | 0.5% | 25 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $76.4M | 1,340,036 | 0.5% | 25 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $71.9M | 31,607 | 0.4% | 6 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $70.6M | 169,888 | 0.4% | 25 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $70.5M | 481,306 | 0.4% | 25 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $70.2M | 235,774 | 0.4% | 21 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $70.0M | 600,374 | 0.4% | 21 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $64.2M | 790,189 | 0.4% | 25 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $63.5M | 99,343 | 0.4% | 25 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $60.8M | 473,483 | 0.4% | 25 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $60.8M | 414,347 | 0.4% | 25 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $58.6M | 332,227 | 0.4% | 25 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $56.5M | 340,626 | 0.3% | 25 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $55.8M | 73,082 | 0.3% | 25 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $55.2M | 216,192 | 0.3% | 25 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $53.5M | 52,892 | 0.3% | 25 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $51.1M | 301,093 | 0.3% | 7 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $48.7M | 173,070 | 0.3% | 25 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $48.5M | 133,818 | 0.3% | 25 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $47.4M | 338,969 | 0.3% | 25 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $46.5M | 562,844 | 0.3% | 25 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $46.2M | 89,081 | 0.3% | 14 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $46.1M | 254,991 | 0.3% | 25 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $45.8M | 218,953 | 0.3% | 25 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $42.1M | 222,008 | 0.3% | 25 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $41.3M | 231,453 | 0.3% | 25 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $40.6M | 102,183 | 0.2% | 25 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $38.9M | 97,936 | 0.2% | 25 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $37.9M | 249,942 | 0.2% | 25 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $37.8M | 111,774 | 0.2% | 25 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $36.6M | 169,008 | 0.2% | 25 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $36.5M | 109,005 | 0.2% | 25 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $35.8M | 264,243 | 0.2% | 25 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $35.3M | 68,608 | 0.2% | 17 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $35.1M | 190,024 | 0.2% | 25 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $35.0M | 129,425 | 0.2% | 25 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $34.5M | 68,808 | 0.2% | 25 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $33.0M | 77,515 | 0.2% | 25 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $32.8M | 355,562 | 0.2% | 25 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $32.4M | 764,188 | 0.2% | 25 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $32.3M | 335,647 | 0.2% | 25 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $32.0M | 364,317 | 0.2% | 25 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $31.8M | 118,125 | 0.2% | 25 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $31.4M | 63,945 | 0.2% | 25 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $30.5M | 134,538 | 0.2% | 25 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $30.1M | 238,168 | 0.2% | 25 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $30.0M | 110,350 | 0.2% | 25 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $29.4M | 40,883 | 0.2% | 25 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $29.4M | 46,342 | 0.2% | 25 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $29.4M | 38,853 | 0.2% | 25 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $28.8M | 76,835 | 0.2% | 25 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $28.5M | 314,309 | 0.2% | 25 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $28.0M | 282,238 | 0.2% | 25 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $27.7M | 1,336,382 | 0.2% | 25 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $27.4M | 125,405 | 0.2% | 25 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $27.2M | 263,078 | 0.2% | 25 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $27.0M | 62,558 | 0.2% | 10 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $26.9M | 263,075 | 0.2% | 25 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $26.7M | 370,362 | 0.2% | 25 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $26.7M | 1,108,420 | 0.2% | 25 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $26.4M | 51,837 | 0.2% | 25 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $26.2M | 27,231 | 0.2% | 7 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $26.1M | 169,635 | 0.2% | 25 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $25.6M | 444,025 | 0.2% | 25 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $25.6M | 114,335 | 0.2% | 25 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $25.6M | 163,120 | 0.2% | 25 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $25.2M | 350,545 | 0.2% | 25 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $24.6M | 94,522 | 0.2% | 25 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +15.1% | +14.8% | +0.3% | 100% |
| Q1 2026 | -5.8% | -4.6% | -1.2% | 100% |
| Q4 2025 | +1.9% | +2.4% | -0.5% | 100% |
| Q3 2025 | +8.4% | +7.8% | +0.6% | 100% |
| Q2 2025 | +12.3% | +10.5% | +1.8% | 100% |
| Q1 2025 | -6.3% | -4.6% | -1.7% | 100% |
| Q4 2024 | +3.4% | +2.1% | +1.2% | 100% |
| Q3 2024 | +5.0% | +5.4% | -0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $16.3B | 1,841 |
| Q1 2026 | $14.1B | 1,686 |
| Q4 2025 | $13.3B | 1,570 |
| Q3 2025 | $12.6B | 1,526 |
| Q2 2025 | $12.0B | 1,508 |
| Q1 2025 | $10.3B | 1,445 |
| Q4 2024 | $11.0B | 1,443 |
| Q3 2024 | $10.4B | 1,389 |
| Q2 2024 | $9.8B | 1,316 |
| Q1 2024 | $9.5B | 1,310 |
| Q4 2023 | $8.3B | 1,275 |
| Q3 2023 | $7.4B | 1,242 |