2024 Q1 Smart Money Report

Largest fresh entries initiated this quarter by dollar value.

Fund	Stock	Value	Weight	Conviction
BANK OF AMERICA CORP /DE/	APPLE INC	$6.8B	+20.3%	98
BERKSHIRE HATHAWAY INC	CHUBB LTD SWITZ	$6.7B	+2.0%	84
BANK OF AMERICA CORP /DE/	AMAZON COM INC	$6.1B	+18.4%	98
M&G Plc	FERGUSON PLC	$5.8B	+21.7%	98
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	ISHARES TR	$4.2B	+1.5%	73
Capital World Investors	FLUTTER ENTMT PLC	$2.9B	+0.5%	53
ENVESTNET ASSET MANAGEMENT INC	BLACKROCK ETF TRUST	$2.5B	+0.9%	62
Capital Research Global Investors	FLUTTER ENTMT PLC	$2.4B	+0.5%	62
DANSKE BANK A/S	MICROSOFT CORP	$2.3B	+7.1%	98
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	ISHARES TR	$2.3B	+0.8%	62

Positions completely sold this quarter, ranked by previous value.

Fund	Stock	Previous Value
MANUFACTURERS LIFE INSURANCE COMPANY, THE	SHSHOPIFY INC	$12.4B
MANUFACTURERS LIFE INSURANCE COMPANY, THE	ZSZSCALER INC	$10.6B
MANUFACTURERS LIFE INSURANCE COMPANY, THE	DADAYFORCE INC	$6.7B
Swedbank AB	MICROSOFT CORP	$4.9B
MANUFACTURERS LIFE INSURANCE COMPANY, THE	DODOCUSIGN INC	$4.5B
MANUFACTURERS LIFE INSURANCE COMPANY, THE	SHSHIFT4 PMTS INC	$4.3B
GQG Partners LLC	ALPHABET INC	$2.8B
Swedbank AB	BROADCOM INC	$2.7B
Swedbank AB	APPLE INC	$2.6B
Swedbank AB	NVIDIA CORPORATION	$2.5B

Funds increasing positions into price weakness - contrarian conviction.

Fund	Stock	Position Increase	Price Drop	DD Score
National Pension Service	SNAP INC	+591.1Kx	-32.2%	1,902,855,857
Schonfeld Strategic Advisors LLC	SIRIUS XM HOLDINGS INC	+172.5Kx	-28.7%	495,087,224
Qube Research & Technologies Ltd	SPSPRUCE BIOSCIENCES INC	+19.8Kx	-73.2%	144,862,689
UBS Group AG	CANAAN INC	+41.7Kx	-34.2%	142,471,883
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	GOODYEAR TIRE & RUBR CO	+340.7Kx	-4.1%	140,352,018
UBS Group AG	ASCENT SOLAR TECHNOLOGIES IN	+13.6Kx	-54.8%	74,351,690
ASSETMARK, INC	RAMBUS INC DEL	+56.9Kx	-9.4%	53,702,838
LAZARD ASSET MANAGEMENT LLC	CHEWY INC	+13.0Kx	-32.7%	42,531,364
LAZARD ASSET MANAGEMENT LLC	RIVIAN AUTOMOTIVE INC	+5774x	-53.3%	30,791,166
CITADEL ADVISORS LLC	HUT 8 CORP	+15.4Kx	-17.2%	26,532,069

The positions funds are most committed to this quarter.

Fund	Stock	Type	Value	Conviction
Elliott Investment Management L.P.	SUNCOR ENERGY INC NEW	Increased	$1.9B	100
COATUE MANAGEMENT LLC	TAIWAN SEMICONDUCTOR MANUFAC	Increased	$1.4B	100
COATUE MANAGEMENT LLC	SALESFORCE INC	Increased	$1.4B	100
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	ISHARES TR	Increased	$5.9B	100
TIGER GLOBAL MANAGEMENT LLC	ALPHABET INC	Increased	$1.6B	100
Whale Rock Capital Management LLC	AMAZON COM INC	Increased	$656.3M	100
PRUDENTIAL PLC	VANGUARD SCOTTSDALE FDS	Increased	$1B	100
CI INVESTMENTS INC.	iShares Trust CORE S&P500 ETF	Increased	$4.3B	100
ALAlphabet Inc.	GITLAB INC	Increased	$569.1M	100
Egerton Capital (UK) LLP	GE HEALTHCARE TECHNOLOGIES I	Increased	$791.5M	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