2021 Q2 Smart Money Report

Largest fresh entries initiated this quarter by dollar value.

Fund	Stock	Value	Weight	Conviction
Polar Capital Holdings Plc	FERGUSON PLC NEW	$4.7B	+20.3%	98
NMNational Mutual Insurance Federation of Agricultural Cooperatives	ISHARES TR	$1.9B	+16.1%	99
GQG Partners LLC	PETROLEO BRASILEIRO S A	$1.7B	+5.0%	88
Capital World Investors	ROCKWELL AUTOMATION INC	$1B	+0.2%	53
LMR Partners LLP	STATE STR SPDR S&P 500 ETF T	$1B	+15.3%	98
LONE PINE CAPITAL LLC	MODERNA INC	$937.8M	+3.0%	89
GQG Partners LLC	EXXON MOBIL CORP	$899.1M	+2.6%	82
Sanders Capital, LLC	PROCTER & GAMBLE CO	$888.8M	+2.0%	83
First Command Advisory Services, Inc.	ISHARES TR	$817.2M	+10.8%	98
CIBC WORLD MARKETS CORP	ISHARES TR	$785.2M	+5.5%	98

Positions completely sold this quarter, ranked by previous value.

Fund	Stock	Previous Value
NATIXIS	STATE STR SPDR S&P 500 ETF T	$2.5B
Blackstone Inc.	INVESCO QQQ TR	$1.9B
GQG Partners LLC	JD.COM INC	$1.6B
JENNISON ASSOCIATES LLC	PELOTON INTERACTIVE INC	$1.3B
PARNASSUS INVESTMENTS, LLC	AMAZON COM INC	$1.1B
Swiss National Bank	ALIBABA GROUP HLDG LTD	$1.1B
LONE PINE CAPITAL LLC	MERCADOLIBRE INC	$1.1B
LONE PINE CAPITAL LLC	NETFLIX INC.	$953.7M
Artisan Partners Limited Partnership	COGNIZANT TECHNOLOGY SOLUTIO	$922.5M
GQG Partners LLC	PROCTER & GAMBLE CO	$847.4M

Funds increasing positions into price weakness - contrarian conviction.

Fund	Stock	Position Increase	Price Drop	DD Score
TIGER GLOBAL MANAGEMENT LLC	17 ED & TECHNOLOGY GROUP INC	+875.3%	-54.0%	47,299
Legal & General Group Plc	ARRAY TECHNOLOGIES INC	+977.3%	-44.2%	43,226
DAVENPORT & Co LLC	AEMETIS INC	+780.4%	-54.5%	42,486
WELLS FARGO & COMPANY/MN	ARRAY TECHNOLOGIES INC	+935.3%	-44.2%	41,371
DEUTSCHE BANK AG\	BLACK DIAMOND THERAPEUTICS INC	+837.4%	-45.5%	38,140
SIMPLEX TRADING, LLC	TAL ED GROUP	+679.2%	-53.1%	36,098
CITADEL ADVISORS LLCKen Griffin	TAL ED GROUP	+665.2%	-53.1%	35,353
STATE STREET CORP	SANA BIOTECHNOLOGY INC	+836.0%	-41.3%	34,494
GROUP ONE TRADING LLC	TAL ED GROUP	+647.4%	-53.1%	34,408
RENAISSANCE TECHNOLOGIES LLC	CANAAN INC	+528.7%	-61.7%	32,602

The positions funds are most committed to this quarter.

Fund	Stock	Type	Value	Conviction
TCI Fund Management Ltd	CACANADIAN PACIFIC RAILWAY LTD	Increased	$4.3B	100
EDGEWOOD MANAGEMENT LLC	NVIDIA CORPORATION	Increased	$3.6B	100
WCM INVESTMENT MANAGEMENT, LLC	CACANADIAN PACIFIC RAILWAY LTD	Increased	$2.5B	100
SOSquarepoint Ops LLC	ISHARES TR	Increased	$1.6B	100
Egerton Capital (UK) LLP	CACANADIAN PACIFIC RAILWAY LTD	Increased	$1.5B	100
COATUE MANAGEMENT LLC	MODERNA INC	Increased	$1.4B	100
Veritas Asset Management LLP	CACANADIAN PACIFIC RAILWAY LTD	Increased	$1.1B	100
PRUDENTIAL PLC	SELECT SECTOR SPDR TR	Increased	$1.1B	100
VAValueAct Holdings, L.P.	FISERV INC	Increased	$658.5M	100
ALAltimeter Capital Management, LPBrad Gerstner	PELOTON INTERACTIVE INC	Increased	$644.9M	100

Top 5 winners and losers by estimated P&L.

Top Winners

GPAEFSteward Partners Investment Advisory, LLC

+556x

AGLHB Wealth Management, LLC

+125x

AGLMerit Financial Group, LLC

+125x

AGLFarther Finance Advisors, LLC

+123x

AGLLPL Financial LLC

+106x

Top Losers

VMARUBS Group AG

-100.0%

WKHSCULLEN/FROST BANKERS, INC.

-100.0%

SOBRCOMMONWEALTH EQUITY SERVICES, LLC

-100.0%

CMBMWOLVERINE ASSET MANAGEMENT LLC

-100.0%

SRNEHudson Bay Capital Management LP

-100.0%

Stocks where members of Congress AND institutional investors both bought — disclosed in Q2 2026. 22 stocks overlapped this quarter.

Stock	Congress	Funds
SPCXSPACE EXPLORATION TECHN-CL A	5 members	315 funds
DVNDEVON ENERGY CORP	1 member	275 funds
TSLATESLA INC	1 member	232 funds
GOOGALPHABET INC-CL C	2 members	216 funds
TSMTAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/	1 member	193 funds
BIIBBIOGEN IDEC INC	2 members	177 funds
KVUEKENVUE INC	1 member	163 funds
SPGSIMON PROPERTY GROUP INC	1 member	161 funds
COOCOOPER COS INC/THE	1 member	154 funds
AREALEXANDRIA REAL ESTATE EQUIT	1 member	134 funds