2020 Q2 Smart Money Report

Largest fresh entries initiated this quarter by dollar value.

Fund	Stock	Value	Weight	Conviction
SOSOFTBANK GROUP CORP.	T-MOBILE US INC	$13.6B	+77.9%	99
Carlyle Group Inc.	ZOOMINFO TECHNOLOGIES INC	$5.4B	+61.4%	100
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	AON PLC	$4.2B	+1.6%	73
Temasek Holdings (Private) Ltd	BLACKROCK INC	$3.2B	+19.3%	98
PRINCIPAL FINANCIAL GROUP INC	MICROSOFT CORP	$3.1B	+2.7%	83
PUBLIC INVESTMENT FUND	SELECT SECTOR SPDR TR	$2.8B	+27.6%	100
PRINCIPAL FINANCIAL GROUP INC	AMAZON COM INC	$2.7B	+2.4%	83
PRINCIPAL FINANCIAL GROUP INC	APPLE INC	$2.6B	+2.3%	83
BROOKFIELD Corp /ON/	TETERRAFORM PWR INC	$2.6B	+15.3%	98
AGADAGE CAPITAL PARTNERS GP, L.L.C.	ROYALTY PHARMA PLC	$2.2B	+5.7%	98

Positions completely sold this quarter, ranked by previous value.

Fund	Stock	Previous Value
SOSOFTBANK GROUP CORP.	SentinelOne, Inc.	$29.7B
LMR Partners LLP	MIMICROCHIP TECHNOLOGY INC.	$5.8B
LMR Partners LLP	CYCYPRESS SEMICONDUCTOR CO	$4.3B
LMR Partners LLP	SESEA LTD	$4.2B
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	AON PLC	$3.5B
LMR Partners LLP	WOWORKDAY INC	$3.4B
LMR Partners LLP	DEDEXCOM INC	$3.3B
LMR Partners LLP	CTCTRIP COM INTL LTD	$2.9B
Pacer Advisors, Inc.	UNUNITED STATES TREAS BILLS	$2.5B
BROOKFIELD Corp /ON/	TETERRAFORM POWER INC	$2.2B

Funds increasing positions into price weakness - contrarian conviction.

Fund	Stock	Position Increase	Price Drop	DD Score
OSAIC HOLDINGS, INC.	TOP SHIPS INC	+33.0Kx	-74.1%	244,444,444
CENTERSQUARE INVESTMENT MANAGEMENT LLC	RYMAN HOSPITALITY PPTYS INC	+68.1Kx	-5.0%	34,173,877
CENTERSQUARE INVESTMENT MANAGEMENT LLC	XENIA HOTELS & RESORTS INC	+36.0Kx	-3.8%	13,588,180
FEDERATED HERMES, INC.	MISTRAS GROUP INC	+3477x	-10.8%	3,754,530
DEUTSCHE BANK AG\	Orion Energy Systems, Inc.	+4098x	-8.8%	3,592,475
EXCHANGE TRADED CONCEPTS, LLC	WELLS FARGO & CO	+2696x	-12.3%	3,326,165
Federation des caisses Desjardins du Quebec	USA TODAY CO INC	+893x	-24.7%	2,209,131
UBS Group AG	ERDirexion Daily Energy Bear 2X E	+341x	-57.5%	1,957,961
Federation des caisses Desjardins du Quebec	ProShares UltraShort Silver	+463x	-42.1%	1,946,829
NEW YORK STATE COMMON RETIREMENT FUND	Evofem Biosciences, Inc.	+428x	-44.2%	1,890,803

The positions funds are most committed to this quarter.

Fund	Stock	Type	Value	Conviction
Carlyle Group Inc.	ZOOMINFO TECHNOLOGIES INC	New	$5.4B	100
Wealthfront Advisers LLC	VANGUARD TAX-MANAGED FDS	Increased	$2B	100
COATUE MANAGEMENT LLC	DISNEY WALT CO	Increased	$1B	100
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	ALIBABA GROUP HLDG LTD	Increased	$1.1B	100
PUBLIC INVESTMENT FUND	SELECT SECTOR SPDR TR	New	$2.8B	100
PRUDENTIAL PLC	ISHARES TR	Increased	$2.3B	100
Soroban Capital Partners LP	RTX CORPORATION	New	$761.4M	100
AKRE CAPITAL MANAGEMENT LLC	COSTAR GROUP INC	Increased	$678.9M	100
RLRokos Capital Management LLP	ALIBABA GROUP HLDG LTD	New	$491.2M	100
Third Point LLC	DISNEY WALT CO	Increased	$613.3M	100

Top 5 winners and losers by estimated P&L.

Top Winners

GPAEFSteward Partners Investment Advisory, LLC

+532x

JDJDZGUBS Group AG

+384x

WINGBLACKROCK ADVISORS LLC

+332x

NVDABLACKROCK ADVISORS LLC

+296x

GSIWJANE STREET GROUP, LLC

+197x

Top Losers

VCIGCITADEL ADVISORS LLC

-100.0%

EVFMPentwater Capital Management LP

-100.0%

WLWLGSFCITADEL ADVISORS LLC

-100.0%

FRGTSUSQUEHANNA INTERNATIONAL GROUP, LLP

-100.0%

GMBLSUSQUEHANNA INTERNATIONAL GROUP, LLP

-100.0%

Stocks where members of Congress AND institutional investors both bought — disclosed in Q1 2026. 73 stocks overlapped this quarter.

Stock	Congress	Funds
WATWATERS CORP	2 members	275 funds
AZNASTRAZENECA PLC	2 members	272 funds
TSLATESLA INC	3 members	228 funds
WELLWELLTOWER INC	2 members	227 funds
HBANHUNTINGTON BANCSHARES INC	1 members	225 funds
EXEEXPAND ENERGY CORPORATION	1 members	203 funds
PFEPFIZER INC	1 members	202 funds
GOOGALPHABET INC	4 members	198 funds
TSMTAIWAN SEMICONDUCTOR MANUFAC	4 members	192 funds
KVUEKENVUE INC	3 members	184 funds