M&G PLC
Reported holdings as of Q2 2026, from 10 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| AMCOR PLC | AMCR | $1.2B | 27,732,908 | +0.72pp | 2q | +10.1%+$109.6M | |
| MICROSOFT CORP | MSFT | $910.2M | 2,440,195 | -0.94pp | 10q | -14.7%-$157.1M | |
| ASTRAZENECA PLC | AZN | $838.2M | 4,482,712 | -0.05pp | 2q | +6.6%+$52.1M | |
| BROADCOM INC | AVGO | $607.2M | 1,606,343 | +1.12pp | 10q | +35.2%+$158.1M | |
| METHANEX CORP | MEOH | $567.9M | 12,345,576 | -1.04pp | 10q | -0.9%-$5.0M | |
| META PLATFORMS INC | META | $489.7M | 869,789 | -0.32pp | 10q | -6.6%-$34.5M | |
| ALPHABET INC | GOOGL | $474.5M | 1,329,240 | -0.04pp | 10q | -17.7%-$102.2M | |
| V F CORP | VFC | $439.2M | 25,834,522 | -0.08pp | 10q | HELD | |
| NEXTERA ENERGY INC | NEE | $361.4M | 4,106,761 | -0.14pp | 10q | +1.8%+$6.4M | |
| WELLS FARGO & CO | WFC | $322.1M | 3,881,118 | -0.01pp | 10q | -0.7%-$2.1M | |
| UNITEDHEALTH GROUP INC | UNH | $310.0M | 745,287 | +0.35pp | 10q | -12.1%-$42.6M | |
| BRISTOL-MYERS SQUIBB CO | BMY | $306.9M | 5,292,229 | -0.29pp | 10q | -8.2%-$27.4M | |
| MEDTRONIC PLC | MDT | $304.3M | 3,901,694 | flat | 10q | +16.1%+$42.3M | |
| VISA INC | V | $289.5M | 843,989 | +0.08pp | 10q | -3.4%-$10.1M | |
| APPLE INC | AAPL | $287.0M | 993,209 | -0.01pp | 10q | -9.3%-$29.3M | |
| JOHNSON CONTROLS INTERNATION | JCI | $285.8M | 1,957,386 | +0.07pp | 10q | -2.2%-$6.4M | |
| NVIDIA CORPORATION | NVDA | $281.2M | 1,406,203 | +0.09pp | 10q | -3.7%-$10.8M | |
| UBS GROUP AG | UBS | $262.7M | 5,307,939 | +0.31pp | 10q | +6.6%+$16.2M | |
| REPUBLIC SVCS INC | RSG | $262.3M | 1,231,547 | +0.01pp | 10q | +7.7%+$18.7M | |
| MAGNUM ICE CREAM CO NV | MICC | $261.2M | 15,244,068 | +0.20pp | 3q | +7.6%+$18.4M | |
| H WORLD GROUP LTD | HTHT | $255.8M | 6,091,469 | +0.06pp | 10q | +30.2%+$59.4M | |
| CME GROUP INC | CME | $244.8M | 1,107,790 | +0.17pp | 10q | +61.9%+$93.6M | |
| EQUINIX INC | EQIX | $236.0M | 226,467 | -0.26pp | 10q | -19.9%-$58.7M | |
| EBAY INC. | EBAY | $232.4M | 2,075,192 | +0.10pp | 10q | -7.6%-$19.1M | |
| FRANCO NEV CORP | FNV | $230.5M | 1,055,680 | +0.01pp | 10q | +18.6%+$36.2M | |
| TOTALENERGIES SE | TTE | $229.5M | 2,954,272 | -0.37pp | 3q | -5.3%-$12.8M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $216.0M | 451,917 | +0.44pp | 10q | +24.9%+$43.1M | |
| THERMO FISHER SCIENTIFIC INC | TMO | $214.8M | 428,783 | +0.11pp | 10q | +13.8%+$26.1M | |
| SYNOPSYS INC | SNPS | $196.1M | 439,688 | flat | 10q | -7.7%-$16.3M | |
| ON SEMICONDUCTOR CORP | ON | $181.5M | 1,910,491 | +0.11pp | 10q | -22.6%-$52.9M | |
| ARES MANAGEMENT CORPORATION | ARES | $181.4M | 1,634,051 | +0.03pp | 10q | +5.5%+$9.5M | |
| AMERICAN TOWER CORP | AMT | $174.1M | 1,061,449 | -0.13pp | 10q | -4.8%-$8.9M | |
| ISHARES INC | EWW | $169.9M | 2,257,723 | -0.03pp | 6q | HELD | |
| HDFC BANK LTD | HDB | $168.7M | 6,490,200 | -0.01pp | 10q | -0.8%-$1.4M | |
| QUEST DIAGNOSTICS INC | DGX | $168.7M | 795,650 | +0.02pp | 10q | -1.2%-$2.1M | |
| ACCENTURE PLC IRELAND | ACN | $164.4M | 1,325,645 | -0.29pp | 10q | +22.9%+$30.6M | |
| QUALCOMM INC | QCOM | $162.7M | 879,560 | -0.31pp | 10q | -47.5%-$147.1M | |
| AMAZON COM INC | AMZN | $157.0M | 659,488 | +0.06pp | 10q | -1.8%-$2.8M | |
| SEAGATE TECHNOLOGY HLDNGS PL OPT | STX | $146.2M | 139,501 | +0.22pp | 10q | -37.1%-$86.4M | |
| ATOUR LIFESTYLE HLDGS LTD | ATAT | $146.1M | 4,567,124 | +0.19pp | 9q | +62.5%+$56.2M | |
| ABBVIE INC | ABBV | $146.0M | 579,447 | +0.43pp | 10q | +121.0%+$79.9M | |
| BALL CORP | BALL | $145.1M | 2,340,167 | -0.02pp | 10q | -3.2%-$4.8M | |
| CHENIERE ENERGY INC | LNG | $143.1M | 598,659 | +0.03pp | 10q | +28.1%+$31.4M | |
| CSX CORP | CSX | $140.8M | 2,933,665 | +0.02pp | 10q | -9.2%-$14.2M | |
| BECTON DICKINSON & CO | BDX | $134.0M | 887,713 | -0.05pp | 10q | +0.5%+$703.7K | |
| AMERICAN EXPRESS CO | AXP | $122.1M | 361,273 | flat | 10q | -6.6%-$8.6M | |
| MSA SAFETY INC | MSA | $120.8M | 690,334 | +0.01pp | 10q | -1.1%-$1.3M | |
| ABBOTT LABORATORIES | ABT | $120.6M | 1,325,439 | +0.38pp | 4q | +225.0%+$83.5M | |
| AMERICAN WTR WKS CO INC NEW | AWK | $116.3M | 881,347 | +0.03pp | 10q | +13.4%+$13.8M | |
| ELEVANCE HEALTH INC FORMERLY | ELV | $114.2M | 295,118 | +0.12pp | 10q | HELD | |
| INTUIT | INTU | $113.6M | 435,218 | -0.36pp | 10q | +4.6%+$5.0M | |
| LINDE PLC | LIN | $106.8M | 205,681 | -0.01pp | 10q | -2.9%-$3.2M | |
| AMGEN INC | AMGN | $104.9M | 289,819 | -0.28pp | 10q | -34.0%-$54.0M | |
| ENBRIDGE INC | ENB | $103.9M | 1,937,470 | -0.16pp | 10q | -20.8%-$27.2M | |
| CYBERARK SOFTWARE LTD | $102.3M | 61,600,000 | - | new | DEBT | ||
| INTERNATIONAL PAPER CO | IP | $96.5M | 2,558,836 | +0.01pp | 6q | HELD | |
| AGILENT TECHNOLOGIES INC | A | $95.4M | 717,273 | +0.05pp | 10q | -0.5%-$510.9K | |
| MASTERCARD INCORPORATED | MA | $93.7M | 182,375 | -0.03pp | 10q | -4.4%-$4.3M | |
| CONSTELLATION ENERGY CORP | CEG | $93.1M | 375,534 | +0.27pp | 10q | +173.9%+$59.1M | |
| JPMORGAN CHASE & CO | JPM | $88.3M | 270,161 | +0.01pp | 10q | -5.2%-$4.8M | |
| LOWES COS INC | LOW | $86.2M | 391,828 | -0.49pp | 10q | -48.1%-$79.8M | |
| EXELON CORP | EXC | $85.5M | 1,818,468 | +0.02pp | 10q | +14.4%+$10.7M | |
| BROOKFIELD CORP | BN | $84.7M | 1,970,431 | -0.01pp | 10q | -6.1%-$5.5M | |
| TETRA TECH INC NEW | TTEK | $80.5M | 2,776,344 | +0.04pp | 7q | +19.7%+$13.3M | |
| GARMIN LTD | GRMN | $79.5M | 334,033 | -0.03pp | 10q | -6.5%-$5.5M | |
| SALESFORCE INC | CRM | $76.0M | 484,068 | -0.12pp | 10q | -6.4%-$5.2M | |
| UBER TECHNOLOGIES INC | $73.0M | 61,316,000 | +0.05pp | 7q | DEBT | ||
| AUTOHOME INC | ATHM | $71.9M | 3,781,695 | +0.05pp | 10q | +8.9%+$5.9M | |
| ILLUMINA INC | ILMN | $71.1M | 404,208 | +0.09pp | 10q | -1.8%-$1.3M | |
| IPG PHOTONICS CORP | IPGP | $69.8M | 596,441 | -0.01pp | 10q | HELD | |
| BANK OF NY MELLON CORP | BNY | $69.5M | 479,257 | +0.01pp | 10q | -12.9%-$10.3M | |
| MICRON TECHNOLOGY INC | MU | $69.3M | 60,062 | +0.06pp | 10q | -63.1%-$118.7M | |
| SEAGATE HDD CAYMAN | $68.7M | 5,871,000 | +0.11pp | 8q | DEBT | ||
| BRUKER CORP | BRKR | $67.5M | 1,125,556 | +0.03pp | 6q | -32.0%-$31.8M | |
| WEYERHAEUSER CO | WY | $65.1M | 2,711,209 | flat | 10q | +4.8%+$3.0M | |
| BEONE MEDICINES LTD | ONC | $63.7M | 223,445 | +0.10pp | 10q | +61.7%+$24.3M | |
| EVERSOURCE ENERGY | ES | $62.3M | 865,942 | flat | 10q | -1.7%-$1.1M | |
| KENVUE INC | KVUE | $61.8M | 3,251,650 | -0.36pp | 10q | -57.1%-$82.2M | |
| MOTOROLA SOLUTIONS INC | MSI | $61.6M | 148,446 | -0.12pp | 10q | -21.1%-$16.5M | |
| SEMPRA | SRE | $61.4M | 659,782 | -0.01pp | 10q | +6.2%+$3.6M | |
| AMPHENOL CORP | APH | $60.8M | 345,661 | - | new | NEW | |
| ROYAL CARIBBEAN GROUP | RCL | $56.7M | 178,389 | +0.03pp | 7q | HELD | |
| LULULEMON ATHLETICA INC | LULU | $55.6M | 488,048 | +0.05pp | 10q | +72.6%+$23.4M | |
| AUTODESK INC | ADSK | $54.6M | 281,558 | flat | 10q | +29.7%+$12.5M | |
| ONEOK INC NEW | OKE | $49.2M | 565,430 | -0.11pp | 10q | -24.9%-$16.3M | |
| CITIGROUP INC | C | $48.0M | 343,138 | +0.04pp | 10q | +1.9%+$886.3K | |
| MERCADOLIBRE INC | MELI | $47.7M | 28,104 | -0.02pp | 6q | -2.9%-$1.4M | |
| ALCON AG | ALC | $46.9M | 689,802 | -0.03pp | 10q | -1.2%-$563.2K | |
| TC ENERGY CORP | TRP | $44.9M | 680,856 | -0.07pp | 10q | -25.3%-$15.2M | |
| RIVIAN AUTOMOTIVE INC | $44.8M | 41,905,000 | +0.04pp | 7q | DEBT | ||
| LANTHEUS HLDGS INC | $44.8M | 30,447,000 | +0.04pp | 10q | DEBT | ||
| ALIBABA GROUP HLDG LTD | BABA | $44.1M | 459,843 | flat | 10q | +38.1%+$12.2M | |
| CISCO SYS INC | CSCO | $43.5M | 371,882 | +0.02pp | 10q | -24.2%-$13.9M | |
| HALOZYME THERAPEUTICS INC | $43.3M | 39,036,000 | +0.02pp | 4q | DEBT | ||
| STELLANTIS N.V | STLA | $40.7M | 7,118,488 | -0.05pp | 10q | +1.6%+$659.1K | |
| CAMECO CORP | CCJ | $38.8M | 523,054 | -0.11pp | 8q | -3.9%-$1.6M | |
| COGNIZANT TECHNOLOGY SOLUTIO | CTSH | $37.2M | 953,221 | +0.15pp | 2q | +824.2%+$33.2M | |
| FERROVIAL NV | FER | $36.8M | 537,348 | flat | 9q | -4.3%-$1.7M | |
| BOX INC | $36.7M | 37,455,000 | flat | 4q | DEBT | ||
| T-MOBILE US INC | TMUS | $36.2M | 215,578 | -0.03pp | 3q | +13.6%+$4.3M | |
| ATMOS ENERGY CORP | ATO | $35.5M | 206,179 | -0.02pp | 10q | +2.4%+$818.9K | |
| CAPITAL ONE FINL CORP | COF | $35.1M | 174,646 | flat | 5q | -7.8%-$3.0M | |
| CARRIER GLOBAL CORPORATION | CARR | $33.4M | 457,692 | +0.04pp | 7q | +4.5%+$1.4M | |
| EDISON INTL | EIX | $33.0M | 446,485 | -0.02pp | 10q | -8.9%-$3.2M | |
| SNOWFLAKE INC | $32.3M | 18,336,000 | - | new | DEBT | ||
| INTEL CORP | INTC | $32.1M | 229,289 | +0.08pp | 10q | -35.1%-$17.3M | |
| CHECK POINT SOFTWARE TECH LT | CHKP | $30.9M | 235,913 | +0.01pp | 10q | +21.1%+$5.4M | |
| 3M CO | MMM | $29.4M | 181,394 | +0.04pp | 10q | +31.9%+$7.1M | |
| JAZZ INVESTMENTS I LTD | $29.2M | 17,166,000 | +0.01pp | 3q | DEBT | ||
| INTERCONTINENTAL EXCHANGE IN | ICE | $28.8M | 233,823 | -0.06pp | 8q | -6.1%-$1.9M | |
| NUTANIX INC | $28.3M | 25,512,000 | +0.01pp | 8q | DEBT | ||
| KROGER CO | KR | $28.2M | 502,909 | +0.01pp | 10q | +43.9%+$8.6M | |
| BOSTON SCIENTIFIC CORP | BSX | $27.9M | 649,784 | +0.09pp | 8q | +353.6%+$21.8M | |
| MANHATTAN ASSOCIATES INC | MANH | $27.3M | 196,407 | -0.01pp | 10q | -7.8%-$2.3M | |
| SEA LTD | SE | $27.2M | 283,627 | +0.05pp | 2q | +45.3%+$8.5M | |
| MERCK & CO INC | MRK | $27.2M | 210,965 | -0.05pp | 10q | -29.2%-$11.2M | |
| SOUTHWEST AIRLS CO | LUV | $25.9M | 507,343 | +0.04pp | 10q | +10.9%+$2.5M | |
| ADVANCED ENERGY INDS | $25.8M | 9,430,000 | -0.01pp | 8q | DEBT | ||
| LIVE NATION ENTERTAINMENT IN | $25.7M | 21,424,000 | - | new | DEBT | ||
| VERIZON COMMUNICATIONS INC | VZ | $25.5M | 607,943 | -0.03pp | 10q | +2.0%+$503.6K | |
| PROGRESSIVE CORP | PGR | $25.4M | 116,631 | flat | 10q | -4.8%-$1.3M | |
| HIGHWOODS PPTYS INC | HIW | $24.7M | 823,728 | +0.05pp | 10q | +22.3%+$4.5M | |
| DIVERSIFIED ENERGY CO | DEC | $24.6M | 1,759,706 | -0.05pp | 3q | HELD | |
| OSHKOSH CORP | OSK | $23.9M | 156,000 | +0.02pp | 10q | +24.8%+$4.7M | |
| TRIP COM GROUP LTD OPT | TCOM | $22.4M | 424,945 | +0.04pp | 10q | +62.4%+$8.6M | |
| MCKESSON CORP | MCK | $21.4M | 28,273 | -0.02pp | 9q | -3.7%-$825.6K | |
| BRIDGEBIO PHARMA INC | $21.1M | 11,879,000 | -0.01pp | 6q | DEBT | ||
| TUTOR PERINI CORP | TPC | $20.8M | 250,071 | flat | 4q | -4.7%-$1.0M | |
| ZOETIS INC | ZTS | $20.6M | 286,115 | flat | 10q | +64.8%+$8.1M | |
| HARTFORD INSURANCE GROUP INC | HIG | $20.6M | 154,615 | flat | 10q | +8.2%+$1.6M | |
| VERALTO CORP | VLTO | $20.1M | 226,382 | +0.10pp | 7q | +4858.0%+$19.7M | |
| SPIRIT AEROSYSTEMS INC | $20.0M | 12,924,000 | flat | 2q | DEBT | ||
| GE AEROSPACE | GE | $19.9M | 53,318 | +0.09pp | 4q | +953.1%+$18.0M | |
| EVEREST GROUP LTD | EG | $19.8M | 55,510 | +0.02pp | 5q | +18.5%+$3.1M | |
| BAIDU INC | BIDU | $19.8M | 173,656 | +0.03pp | 10q | +37.4%+$5.4M | |
| ADOBE INC | ADBE | $19.7M | 96,004 | -0.04pp | 10q | -12.8%-$2.9M | |
| SILICON MOTION TECHNOLOGY CO | SIMO | $19.5M | 58,576 | +0.04pp | 7q | -36.5%-$11.2M | |
| PDD HOLDINGS INC | PDD | $18.9M | 248,616 | -0.03pp | 10q | +5.1%+$910.6K | |
| CENOVUS ENERGY INC | CVE | $18.9M | 849,098 | -0.11pp | 10q | -42.6%-$14.0M | |
| BLACKBERRY LTD | BB | $18.9M | 1,451,539 | +0.06pp | 2q | -26.8%-$6.9M | |
| KE HLDGS INC | BEKE | $18.9M | 1,257,314 | +0.04pp | 10q | +85.2%+$8.7M | |
| TRIP COM GROUP LTD | $18.8M | 19,142,000 | flat | 2q | DEBT | ||
| BURFORD CAPITAL LIMITED | BUR | $18.3M | 4,517,728 | +0.05pp | 10q | +173.2%+$11.6M | |
| ITRON INC | $18.2M | 18,161,000 | flat | 5q | DEBT | ||
| GE VERNOVA INC | GEV | $18.1M | 15,441 | +0.02pp | 2q | -4.7%-$897.7K | |
| MOLSON COORS BEVERAGE CO | TAP | $18.0M | 460,681 | flat | 10q | +19.8%+$3.0M | |
| MOBILEYE GLOBAL INC | MBLY | $17.9M | 1,791,483 | +0.02pp | 2q | -1.9%-$344.3K | |
| SNOWFLAKE INC | SNOW | $17.7M | 69,457 | +0.03pp | 10q | -11.7%-$2.3M | |
| BLUE OWL CAPITAL INC | OWL | $17.1M | 1,901,662 | -0.01pp | 8q | -2.1%-$372.0K | |
| SERVICENOW INC | NOW | $17.1M | 172,563 | +0.04pp | 10q | +121.9%+$9.4M | |
| PONY AI INC | PONY | $17.0M | 2,432,769 | +0.01pp | 3q | +48.5%+$5.6M | |
| COCA-COLA EUROPACIFIC PARTNE | CCEP | $16.8M | 168,317 | +0.02pp | 10q | +28.0%+$3.7M | |
| ROKU INC | ROKU | $16.7M | 121,215 | +0.02pp | 2q | -4.6%-$801.9K | |
| POPULAR INC | BPOP | $16.7M | 101,913 | +0.01pp | 4q | -4.6%-$813.4K | |
| VOYA FINANCIAL INC | VOYA | $16.6M | 182,785 | +0.02pp | 10q | +0.7%+$112.0K | |
| TRAVERE THERAPEUTICS INC | $16.4M | 14,000,000 | - | new | DEBT | ||
| AEROVIRONMENT INC | $16.3M | 17,547,000 | -0.01pp | 4q | DEBT | ||
| PAYPAL HLDGS INC | PYPL | $16.2M | 377,460 | -0.05pp | 10q | -32.2%-$7.7M | |
| COMCAST CORP NEW | CMCSA | $15.8M | 631,108 | flat | 10q | +24.2%+$3.1M | |
| BOFA FIN LLC | $15.8M | 12,620,000 | flat | 8q | DEBT | ||
| MONDELEZ INTL INC | MDLZ | $15.6M | 269,080 | flat | 10q | +10.8%+$1.5M | |
| ASTRONICS CORP | ATRO | $15.4M | 189,691 | +0.01pp | 2q | -4.5%-$730.3K | |
| ADVANCED ENERGY INDS OPT | AEIS | $15.1M | 26,734 | +0.02pp | 3q | +72.9%+$6.4M | |
| GLOBANT S A | GLOB | $14.9M | 514,821 | flat | 3q | +61.9%+$5.7M | |
| NEUROCRINE BIOSCIENCES INC | NBIX | $14.9M | 88,261 | +0.01pp | 4q | -4.6%-$725.5K | |
| HILTON WORLDWIDE HLDGS INC | HLT | $14.9M | 45,102 | flat | 4q | -4.6%-$719.7K | |
| KOSMOS ENERGY LTD | KOS | $14.8M | 7,409,687 | -0.04pp | 10q | +5.4%+$755.6K | |
| FTAI AVIATION LTD | FTAI | $14.8M | 54,518 | flat | 2q | -4.6%-$713.5K | |
| HCA HEALTHCARE INC | HCA | $14.7M | 37,801 | - | new | NEW | |
| ALIBABA GROUP HLDG LTD | $14.7M | 15,343,000 | -0.03pp | 4q | DEBT | ||
| IDACORP INC | IDA | $14.6M | 96,949 | - | new | NEW | |
| CIENA CORP | CIEN | $14.6M | 29,807 | - | new | NEW | |
| PG&E CORP | PCG | $14.6M | 856,637 | flat | 6q | +5.5%+$763.2K | |
| FLUTTER ENTMT PLC | FLUT | $14.5M | 141,923 | flat | 2q | +10.6%+$1.4M | |
| AXSOME THERAPEUTICS INC | AXSM | $14.4M | 58,976 | -0.01pp | 3q | -35.4%-$7.9M | |
| OWENS CORNING NEW | OC | $14.3M | 89,832 | +0.03pp | 10q | +12.3%+$1.6M | |
| TEXAS ROADHOUSE INC | TXRH | $14.3M | 73,952 | flat | 8q | -5.2%-$781.6K | |
| WILLIS TOWERS WATSON PLC LTD | WTW | $13.8M | 52,988 | +0.02pp | 10q | +50.7%+$4.7M | |
| MOSAIC CO | MOS | $13.8M | 657,974 | +0.02pp | 4q | +66.6%+$5.5M | |
| FREIGHTOS LTD | CRGO | $13.7M | 6,871,094 | flat | 10q | HELD | |
| MARKETAXESS HLDGS INC | MKTX | $13.7M | 121,309 | - | new | NEW | |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $13.6M | 157,963 | flat | 10q | +11.5%+$1.4M | |
| LAM RESEARCH CORP | LRCX | $13.4M | 31,035 | -0.26pp | 7q | -89.6%-$115.3M | |
| GENPACT LIMITED | G | $13.4M | 479,138 | - | new | NEW | |
| AMDOCS LTD | DOX | $13.4M | 262,980 | - | new | NEW | |
| CENTENE CORP DEL | CNC | $13.4M | 208,857 | - | new | NEW | |
| SCHWAB CHARLES CORP | SCHW | $13.4M | 145,187 | +0.01pp | 10q | +20.8%+$2.3M | |
| JOHNSON & JOHNSON | JNJ | $13.3M | 52,505 | -0.03pp | 10q | -30.9%-$6.0M | |
| ALKAMI TECHNOLOGY INC | $13.3M | 14,062,000 | - | new | DEBT | ||
| NETAPP INC | NTAP | $13.3M | 85,604 | -0.01pp | 2q | -37.7%-$8.0M | |
| TECHNIPFMC PLC | FTI | $13.2M | 199,260 | -0.01pp | 2q | -4.6%-$634.7K | |
| POLARIS INC | PII | $13.1M | 192,884 | +0.01pp | 3q | -4.6%-$637.1K | |
| OVINTIV INC | OVV | $13.0M | 245,556 | -0.02pp | 2q | -11.7%-$1.7M | |
| VERSANT MEDIA GROUP INC | VSNT | $12.9M | 359,639 | +0.01pp | 2q | +35.7%+$3.4M | |
| PINTEREST INC | PINS | $12.8M | 609,956 | +0.02pp | 4q | +18.5%+$2.0M | |
| NNN REIT INC | NNN | $12.8M | 271,663 | +0.01pp | 10q | +2.9%+$356.4K | |
| CHEVRON CORPORATION | CVX | $12.5M | 75,230 | -0.02pp | 10q | +4.2%+$501.0K | |
| SMURFIT WESTROCK PLC | SW | $12.4M | 270,113 | +0.01pp | 8q | +16.4%+$1.7M | |
| NEBIUS GROUP N.V. | NBIS | $12.4M | 45,000 | - | new | NEW | |
| BIOMARIN PHARMACEUTICAL INC | BMRN | $12.3M | 216,096 | flat | 5q | -4.6%-$595.4K | |
| HALLIBURTON CO | HAL | $12.3M | 362,089 | -0.03pp | 6q | -21.5%-$3.4M | |
| FMC CORP | FMC | $11.5M | 955,035 | -0.03pp | 3q | -4.5%-$544.5K | |
| IONIS PHARMACEUTICALS INC | $11.4M | 7,331,000 | flat | 4q | DEBT | ||
| REXFORD INDL RLTY INC | REXR | $11.4M | 336,332 | -0.04pp | 10q | -41.1%-$8.0M | |
| LEIDOS HOLDINGS INC | LDOS | $11.3M | 109,802 | - | new | NEW | |
| WORKDAY INC | WDAY | $11.1M | 90,954 | -0.01pp | 2q | -4.7%-$544.4K | |
| EAGLE MATLS INC | EXP | $11.0M | 49,025 | +0.01pp | 10q | +10.0%+$1.0M | |
| ENERGIZER HLDGS INC | ENR | $11.0M | 521,867 | +0.02pp | 10q | +23.5%+$2.1M | |
| LOMA NEGRA CORP | LOMA | $11.0M | 995,598 | flat | 4q | +0.7%+$74.0K | |
| THOMSON REUTERS CORP | TRI | $10.9M | 133,993 | - | new | NEW | |
| VEEVA SYS INC | VEEV | $10.9M | 61,362 | -0.01pp | 10q | -9.0%-$1.1M | |
| BEST BUY INC | BBY | $10.8M | 142,744 | +0.01pp | 10q | +7.7%+$780.1K | |
| ALNYLAM PHARMACEUTICALS INC | ALNY | $10.8M | 35,912 | -0.01pp | 2q | -4.6%-$524.9K | |
| VERTEX INC | $10.8M | 12,085,000 | flat | 5q | DEBT | ||
| VERTIV HOLDINGS CO | VRT | $10.6M | 31,766 | flat | 8q | -22.2%-$3.0M | |
| DISNEY WALT CO | DIS | $10.6M | 110,346 | flat | 2q | +12.1%+$1.1M | |
| REVOLUTION MEDICINES INC | $10.5M | 8,410,000 | - | new | DEBT | ||
| STRYKER CORPORATION | SYK | $10.4M | 32,904 | flat | 10q | +8.2%+$781.2K | |
| PFIZER INC | PFE | $10.0M | 418,626 | -0.03pp | 10q | -23.4%-$3.1M | |
| GILEAD SCIENCES INC | GILD | $9.9M | 78,527 | -0.02pp | 10q | -18.0%-$2.2M | |
| UNIVERSAL DISPLAY CORP | OLED | $9.5M | 109,298 | -0.01pp | 3q | -4.6%-$462.7K | |
| INSMED INC | INSM | $9.4M | 88,008 | -0.04pp | 2q | -10.4%-$1.1M | |
| KENNAMETAL INC | KMT | $9.3M | 266,939 | flat | 5q | +2.8%+$258.8K | |
| ELI LILLY & CO | LLY | $9.3M | 7,792 | +0.01pp | 10q | HELD | |
| ROCKWELL AUTOMATION INC | ROK | $9.3M | 18,829 | +0.01pp | 5q | +4.5%+$403.4K | |
| BANK OF AMER CORP | BAC | $9.0M | 157,413 | -0.06pp | 10q | -63.2%-$15.4M | |
| TRACTOR SUPPLY CO | TSCO | $8.9M | 278,542 | +0.01pp | 10q | +68.7%+$3.6M | |
| AMKOR TECHNOLOGY INC | AMKR | $8.9M | 103,339 | flat | 10q | -48.4%-$8.3M | |
| ICICI BANK LIMITED | IBN | $8.0M | 275,428 | +0.02pp | 10q | +57.5%+$2.9M | |
| WARNER BROS DISCOVERY INC | WBD | $7.9M | 292,479 | -0.01pp | 10q | -19.5%-$1.9M | |
| APTIV PLC | APTV | $7.6M | 123,820 | -0.01pp | 7q | HELD | |
| GENERAL MTRS CO | GM | $7.5M | 97,932 | flat | 10q | +2.8%+$207.4K | |
| HUNTINGTON BANCSHARES INC | HBAN | $7.5M | 418,752 | +0.01pp | 2q | +32.5%+$1.8M | |
| SMITHFIELD FOODS INC | SFD | $7.5M | 312,459 | -0.01pp | 3q | +2.6%+$188.4K | |
| AMERISAFE INC | AMSF | $7.3M | 216,025 | flat | 10q | -4.3%-$331.9K | |
| WEATHERFORD INTL PLC | WFRD | $7.3M | 88,676 | - | new | NEW | |
| INSULET CORP | PODD | $7.0M | 46,079 | -0.02pp | 7q | -4.6%-$340.0K | |
| MANPOWERGROUP INC WIS | MAN | $6.8M | 201,447 | +0.01pp | 10q | +21.6%+$1.2M | |
| COTY INC | COTY | $6.8M | 3,406,410 | +0.02pp | 10q | +116.3%+$3.7M | |
| IMMUNOCORE HLDGS PLC | $6.6M | 7,219,000 | flat | 6q | DEBT | ||
| KKR & CO INC | KKR | $6.5M | 70,500 | -0.01pp | 7q | -10.8%-$782.0K | |
| DOXIMITY INC | DOCS | $6.2M | 293,900 | -0.01pp | 3q | -4.6%-$295.1K | |
| VISHAY INTERTECHNOLOGY INC | VSH | $6.1M | 113,462 | flat | 10q | -68.9%-$13.6M | |
| PROLOGIS INC. | PLD | $5.9M | 43,498 | -0.01pp | 10q | -13.9%-$949.7K | |
| ZSCALER INC | ZS | $5.7M | 40,596 | -0.01pp | 4q | -28.0%-$2.2M | |
| TECK RESOURCES LTD | TECK | $5.7M | 96,242 | -0.10pp | 10q | -80.6%-$23.6M | |
| NICE LTD | NICE | $5.6M | 61,337 | -0.01pp | 9q | HELD | |
| HUMANA INC | HUM | $5.5M | 13,951 | -0.05pp | 10q | -84.6%-$30.5M | |
| DEVON ENERGY CORP NEW | DVN | $5.5M | 134,991 | -0.01pp | 10q | +3.7%+$195.0K | |
| MARSH & MCLENNAN COS INC | MRSH | $5.4M | 32,620 | flat | 10q | HELD | |
| BLACKSTONE SECD LENDING FD | BXSL | $5.4M | 225,000 | -0.01pp | 4q | -25.0%-$1.8M | |
| DLOCAL LTD | DLO | $5.4M | 413,062 | - | new | NEW | |
| BARINTHUS BIOTHERAPEUTICS PL | BRNS | $5.2M | 5,197,349 | flat | 10q | HELD | |
| ORACLE CORP | ORCL | $5.1M | 34,611 | -0.01pp | 10q | -33.5%-$2.6M | |
| STEEL DYNAMICS INC | STLD | $5.1M | 22,174 | -0.01pp | 10q | -39.4%-$3.3M | |
| TESLA INC | TSLA | $5.0M | 11,900 | -0.02pp | 10q | -51.7%-$5.4M | |
| THE CIGNA GROUP | CI | $5.0M | 18,033 | flat | 10q | HELD | |
| PATTERSON-UTI ENERGY INC | PTEN | $5.0M | 552,287 | +0.01pp | 2q | +59.6%+$1.9M | |
| BLACKSTONE INC | BX | $4.6M | 38,800 | flat | 10q | -3.0%-$141.6K | |
| CATERPILLAR INC | CAT | $4.5M | 4,224 | -0.01pp | 10q | -55.3%-$5.6M | |
| CONOCOPHILLIPS | COP | $4.5M | 43,092 | -0.01pp | 10q | +3.4%+$145.8K | |
| WESTERN ALLIANCE BANCORP | WAL | $4.4M | 54,208 | flat | 7q | +5.1%+$215.2K | |
| WHIRLPOOL CORP | WHR | $4.4M | 113,041 | -0.01pp | 7q | +16.1%+$611.4K | |
| ALLEGION PLC | ALLE | $4.3M | 31,069 | - | new | NEW | |
| CLOROX CO DEL | CLX | $4.3M | 44,970 | - | new | NEW | |
| APOLLO GLOBAL MGMT INC | APO | $4.2M | 36,000 | flat | 7q | -13.8%-$678.5K | |
| NETFLIX INC | NFLX | $3.8M | 53,589 | -0.03pp | 10q | -40.9%-$2.6M | |
| SHIFT4 PMTS INC OPT | FOUR | $3.8M | options only | flat | 2q | OPTIONS | |
| NEXTRACKER INC UNVERIFIED ID | $3.6M | 30,384 | +0.02pp | 2q | +1917.5%+$3.4M | ||
| EXXON MOBIL CORP | XOMXXXX | $3.4M | 24,601 | -0.02pp | 10q | -43.8%-$2.6M | |
| HOME DEPOT INC | HD | $3.1M | 8,740 | flat | 10q | +8.6%+$245.3K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $2.9M | 5,866 | flat | 4q | +28.4%+$648.5K | |
| DEERE & CO | DE | $2.9M | 4,549 | -0.01pp | 10q | -44.3%-$2.3M | |
| BILL HOLDINGS INC | BILL | $2.8M | 78,904 | flat | 6q | HELD | |
| ENPHASE ENERGY INC | ENPH | $2.8M | 57,933 | flat | 10q | -0.6%-$16.6K | |
| ADVANCED MICRO DEVICES INC | AMD | $2.8M | 4,854 | +0.01pp | 8q | HELD | |
| SIMON PPTY GROUP INC NEW | SPG | $2.7M | 12,066 | flat | 6q | HELD | |
| HUTCHMED CHINA LTD | HCM | $2.7M | 242,791 | -0.01pp | 10q | -5.0%-$139.4K | |
| APPLIED MATLS INC | AMAT | $2.7M | 3,686 | -0.02pp | 10q | -78.7%-$9.8M | |
| COLGATE PALMOLIVE CO | CL | $2.6M | 28,777 | flat | 10q | -25.3%-$895.3K | |
| MORGAN STANLEY | MS | $2.6M | 12,635 | flat | 4q | HELD | |
| SOUTHERN CO | SO | $2.6M | 26,957 | flat | 4q | +23.4%+$491.5K | |
| ORGANON & CO | OGN | $2.6M | 183,973 | -0.02pp | 10q | -81.7%-$11.5M | |
| RAYTHEON TECHNOLOGIES CORP UNVERIFIED ID | $2.5M | 13,122 | flat | 2q | +34.6%+$640.7K | ||
| TEXAS INSTRS INC | TXN | $2.5M | 8,223 | flat | 10q | HELD | |
| INTERNATIONAL BUSINESS MACHS | IBM | $2.4M | 8,694 | flat | 10q | +21.9%+$439.5K | |
| ALPHABET INC | GOOG | $2.4M | 6,717 | flat | 8q | HELD | |
| GOLDMAN SACHS GROUP INC | GS | $2.3M | 2,253 | flat | 4q | HELD | |
| METLIFE INC | MET | $2.2M | 26,461 | flat | 9q | HELD | |
| PROCTER & GAMBLE CO | PG | $2.2M | 15,204 | flat | 2q | HELD | |
| ARES CAPITAL CORP | ARCC | $2.2M | 115,000 | -0.01pp | 7q | -42.5%-$1.6M | |
| FISERV INC | FISV | $2.2M | 44,310 | flat | 10q | +1.5%+$32.3K | |
| US BANCORP | USB | $2.1M | 34,826 | flat | 10q | +6.7%+$131.5K | |
| EMERSON ELEC CO | EMR | $2.0M | 13,822 | -0.01pp | 9q | -54.5%-$2.4M | |
| BLUE OWL CAPITAL CORPORATION | OBDC | $1.9M | 176,000 | -0.01pp | 7q | -41.3%-$1.4M | |
| BIOGEN INC | BIIB | $1.9M | 8,593 | flat | 10q | HELD | |
| FERRARI N V | RACE | $1.9M | 4,986 | flat | 4q | HELD | |
| FIRST SOLAR INC | FSLR | $1.8M | 7,683 | flat | 3q | +33.0%+$450.3K | |
| CVS HEALTH CORP | CVS | $1.8M | 17,469 | flat | 10q | +13.8%+$217.6K | |
| PEPSICO INC | PEP | $1.7M | 12,867 | flat | 10q | HELD | |
| VERSIGENT PLC | VGNT | $1.7M | 41,271 | - | new | NEW | |
| ORMAT TECHNOLOGIES INC | ORA | $1.7M | 15,820 | flat | 3q | +17.6%+$258.2K | |
| COSTCO WHOLESALE CORPORATION | COST | $1.7M | 1,773 | flat | 4q | +22.7%+$306.7K | |
| WALMART INC | WMT | $1.5M | 13,302 | -0.02pp | 10q | -68.6%-$3.3M | |
| STARBUCKS CORP | SBUX | $1.5M | 14,312 | flat | 8q | +25.1%+$292.4K | |
| WELLTOWER INC | WELL | $1.4M | 6,047 | flat | 9q | +26.3%+$286.2K | |
| BRIGHT HORIZONS FAM SOL IN D | BFAM | $1.3M | 18,761 | flat | 10q | HELD | |
| PALO ALTO NETWORKS INC | PANW | $1.2M | 3,657 | -0.01pp | 10q | -78.6%-$4.6M | |
| ARBE ROBOTICS LTD | ARBE | $1.2M | 1,219,379 | flat | 10q | HELD | |
| PALANTIR TECHNOLOGIES INC | PLTR | $1.1M | 9,346 | flat | 4q | -18.8%-$253.0K | |
| ECOLAB INC | ECL | $1.1M | 3,874 | flat | 10q | -3.9%-$44.4K | |
| TERADYNE INC | TER | $1.1M | 2,229 | -0.01pp | 6q | -78.7%-$4.0M | |
| TARGET CORP | TGT | $1.1M | 8,077 | flat | 9q | HELD | |
| XYLEM INC | XYL | $1.0M | 8,865 | flat | 10q | +174.5%+$665.0K | |
| ADVANCED DRAIN SYS INC DEL | WMS | $996.2K | 6,345 | flat | 7q | +186.1%+$647.9K | |
| ANALOG DEVICES INC | ADI | $894.0K | 2,252 | -0.01pp | 10q | -78.6%-$3.3M | |
| CROWDSTRIKE HLDGS INC | CRWD | $863.7K | 1,132 | -0.01pp | 2q | -78.6%-$3.2M | |
| S&P GLOBAL INC | SPGI | $837.2K | 2,057 | -0.01pp | 10q | -52.5%-$927.1K | |
| MESOBLAST LTD | MESO | $827.4K | 59,100 | flat | 2q | HELD | |
| REVOLUTION MEDICINES INC | RVMD | $803.4K | 4,296 | -0.03pp | 3q | -94.3%-$13.2M | |
| SPACE EXPLORATION TECHN CORP | SPCX | $697.7K | 4,080 | - | new | NEW | |
| IRON MTN INC DEL | IRM | $654.3K | 5,193 | flat | 3q | HELD | |
| ARISTA NETWORKS INC | ANET | $636.8K | 3,746 | -0.01pp | 7q | -78.6%-$2.3M | |
| DEUTSCHE BK AG | DB | $610.4K | 17,813 | -0.06pp | 4q | -96.0%-$14.6M | |
| SUNRUN INC | RUN | $589.4K | 45,341 | flat | 3q | +64.0%+$229.9K | |
| ROBINHOOD MKTS INC | HOOD | $536.5K | 5,365 | -0.07pp | 2q | -97.5%-$20.6M | |
| DIGITAL RLTY TR INC | DLR | $529.7K | 2,943 | flat | 6q | +95.3%+$258.5K | |
| REALTY INCOME CORP | O | $524.3K | 8,457 | flat | 7q | HELD | |
| BOOKING HOLDINGS INC | BKNG | $523.1K | 2,939 | -0.02pp | 10q | +212.7%+$355.8K | |
| REDDIT INC | RDDT | $515.4K | 2,962 | -0.02pp | 6q | -89.6%-$4.5M | |
| NXP SEMICONDUCTORS N V | NXPI | $509.7K | 1,814 | -0.01pp | 10q | -78.7%-$1.9M | |
| VICI PPTYS INC | VICI | $415.9K | 15,403 | flat | 8q | HELD | |
| PROGYNY INC | PGNY | $389.2K | 13,420 | flat | 10q | -52.2%-$425.2K | |
| ROPER TECHNOLOGIES INC | ROP | $326.2K | 965 | flat | 2q | -52.8%-$365.4K | |
| YUM CHINA HLDGS INC | YUMC | $320.9K | 7,826 | flat | 10q | HELD | |
| INNOVATIVE INDL PPTYS INC | IIPR | $319.1K | 5,147 | - | new | NEW | |
| ENTERGY CORP NEW | ETR | $307.2K | 2,671 | flat | 3q | +7.6%+$21.7K | |
| CTO RLTY GROWTH INC NEW | CTO | $305.7K | 13,894 | flat | 2q | HELD | |
| VENTAS INC | VTR | $303.3K | 3,408 | flat | 3q | +3.6%+$10.5K | |
| PUBLIC STORAGE | PSA | $282.7K | 889 | flat | 6q | HELD | |
| SL GREEN RLTY CORP | SLG | $278.0K | 5,347 | - | new | NEW | |
| DARLING INGREDIENTS INC | DAR | $276.6K | 5,030 | flat | 6q | -12.8%-$40.7K | |
| ESSENTIAL PPTYS RLTY TR INC | EPRT | $274.6K | 9,154 | - | new | NEW | |
| NATIONAL HEALTH INVS INC | NHI | $274.2K | 3,608 | - | new | NEW | |
| FOUR CORNERS PPTY TR INC | FCPT | $271.5K | 10,859 | - | new | NEW | |
| EPR PPTYS | EPR | $269.6K | 4,649 | flat | 2q | HELD | |
| STAG INDUSTRIAL INC | STAG | $265.8K | 6,995 | - | new | NEW | |
| BAKER HUGHES COMPANY | BKR | $261.4K | 4,667 | -0.01pp | 2q | -78.6%-$961.1K | |
| CROWN CASTLE INC | CCI | $256.5K | 3,375 | - | new | NEW | |
| MID-AMER APT CMNTYS INC | MAA | $253.1K | 1,821 | flat | 3q | HELD | |
| UNION PAC CORP | UNP | $251.9K | 926 | flat | 3q | +43.6%+$76.4K | |
| ATLASSIAN CORPORATION | TEAM | $249.4K | 3,197 | flat | 2q | -78.7%-$919.5K | |
| IONIS PHARMACEUTICALS INC | IONS | $244.1K | 3,090 | flat | 3q | -78.6%-$895.3K | |
| UMH PPTYS INC | UMH | $243.9K | 16,263 | flat | 2q | HELD | |
| MASTEC INC | MTZ | $242.5K | 583 | - | new | NEW | |
| BRIDGEBIO PHARMA INC | BBIO | $238.5K | 3,223 | flat | 3q | -78.6%-$874.5K | |
| SLB LIMITED | SLB | $238.3K | 5,180 | -0.01pp | 2q | -78.6%-$876.3K | |
| DOMINION ENERGY INC | D | $223.9K | 3,293 | flat | 3q | HELD | |
| AXON ENTERPRISE INC | AXON | $197.5K | 352 | flat | 10q | -78.7%-$728.7K | |
| TRIMBLE INC | TRMB | $186.7K | 3,660 | flat | 10q | HELD | |
| TREX INC | TREX | $175.6K | 3,511 | flat | 10q | HELD | |
| KLAVIYO INC | KVYO | $136.5K | 9,103 | flat | 4q | -78.7%-$505.7K | |
| LYONDELLBASELL INDUSTRIES NV | LYB | $134.2K | 2,532 | flat | 2q | +31.7%+$32.3K | |
| HONEYWELL INTL INC | HON | $131.5K | 587 | - | new | NEW | |
| FERMI INC | FRMI | $131.0K | 14,552 | -0.04pp | 3q | -99.0%-$13.1M | |
| ECHOSTAR CORP | ECHO | $122.6K | 1,202 | flat | 2q | -78.6%-$451.0K | |
| POWER SOLUTIONS INTL INC | PSIX | $94.6K | 2,426 | flat | 2q | +7.6%+$6.7K | |
| PTC INC | PTC | $64.6K | 567 | flat | 3q | -58.1%-$89.5K | |
| RAMACO RES INC | METC | $51.1K | 3,931 | - | new | NEW | |
| FREIGHTOS LTD | CRGOW | $24.7K | 495,000 | flat | 4q | HELD | |
| REE AUTOMOTIVE LTD | REEAF | $0 | 4,248,429 | -0.02pp | 10q | HELD |
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.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $2.7B | 13.6% |
| Biotech & Pharma | $2.0B | 9.8% |
| Semiconductors & Electronics | $1.9B | 9.4% |
| Industrials | $1.8B | 9.0% |
| Business Services | $1.5B | 7.5% |
| Banks & Lending | $1.2B | 5.9% |
| Utilities | $1.1B | 5.5% |
| Retail & Consumer | $809.3M | 4.0% |
| Chemicals | $779.9M | 3.9% |
| Medical Devices | $694.4M | 3.5% |
| Real Estate | $643.4M | 3.2% |
| Energy | $613.5M | 3.0% |
| Other sectors | $3.4B | 17.0% |
| Not classified | $929.1M | 4.6% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $20.1B | 371 | 33 | 128 | 154 | 40 | 30.8% | 37 |
| Q1 2026 | $19.4B | 378 | 53 | 133 | 127 | 52 | 31.8% | 43 |
| Q4 2025 | $19.5B | 377 | 59 | 149 | 99 | 52 | 28.3% | 43 |
| Q3 2025 | $18.8B | 370 | 60 | 126 | 127 | 103 | 28.1% | 38 |
| Q2 2025 | $18.2B | 413 | 51 | 124 | 153 | 72 | 28.4% | 39 |
| Q1 2025 | $20.9B | 434 | 64 | 113 | 163 | 48 | 45.1% | 43 |
| Q4 2024 | $16.2B | 418 | 60 | 97 | 169 | 50 | 28.8% | 42 |
| Q3 2024 | $27.7B | 408 | 51 | 153 | 156 | 36 | 50.4% | 31 |
| Q2 2024 | $25.4B | 393 | 85 | 146 | 132 | 57 | 52.4% | 16 |
| Q1 2024 | $26.5B | 365 | 0 | 0 | 0 | 0 | 55.4% | 40 |
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.