2025 Q1 Smart Money Report

Largest fresh entries initiated this quarter by dollar value.

Fund	Stock	Value	Weight	Conviction
BROOKFIELD Corp /ON/	BROOKFIELD ASSET MANAGMT LTD	$57.8B	+76.7%	98
Capula Management Ltd	ISHARES TR	$8.6B	+48.1%	98
Pershing Square Capital Management, L.P.	UBER TECHNOLOGIES INC	$2.2B	+18.5%	100
GQG Partners LLC	GE AEROSPACE	$1.6B	+2.6%	83
GQG Partners LLC	CHEVRON CORPORATION	$1.5B	+2.3%	83
USS Investment Management Ltd	SPDR SERIES TRUST	$1.4B	+10.2%	98
Mastercard Foundation Asset Management Corp	ISHARES TR	$1.4B	+3.0%	91
Capital International Investors	INTERNATIONAL PAPER CO	$1.2B	+0.2%	53
Fisher Asset Management, LLCKen Fisher (Founder)	SPOTIFY TECHNOLOGY S A	$1.1B	+0.5%	53
GQG Partners LLC	INTERNATIONAL BUSINESS MACHS	$1B	+1.7%	73

The stocks the most tracked funds bought as new positions in 2025 Q1.

Stock	Funds Opened	Funds Sold Out	Funds Holding
RDDTREDDIT INC	6123 sold out	23	228
TEMTEMPUS AI INC	5319 sold out	19	123
TIGOMillicom Intl Cellular Sa	482 sold out	2	96
EXEEXPAND ENERGY CORPORATION	428 sold out	8	272
RGTIRIGETTI COMPUTING INC	4210 sold out	10	130
HEHEESH & E EQUIPMENT SERVICES INC	4224 sold out	24	129
UALUNITED AIRLS HLDGS INC	4118 sold out	18	286
TLNTALEN ENERGY CORP	4116 sold out	16	165
SWTXSPRINGWORKS THERAPEUTICS INC	405 sold out	5	151
IBKRINTERACTIVE BROKERS GROUP IN	3812 sold out	12	273

4 stocks drew buying from all three in 2025 Q1: more tracked funds bought than sold, company insiders bought on the open market, and a member of Congress disclosed a purchase.

Stock	Funds Bought	Funds Sold	Insiders Bought	Congress Bought
HDHOME DEPOT INC	193180 sold	180	$1M	5 members$34,006 to $160,000
ADSKAUTODESK INC	190149 sold	149	$534K	Byron Donalds$2,002 to $30,0002 purchases
CMECME GROUP INC	185163 sold	163	$396K	Carol Devine Miller$1,001 to $15,000
LUVSOUTHWEST AIRLS CO	138123 sold	123	$366K	Gilbert Cisneros$1,001 to $15,000

Positions completely sold this quarter, ranked by previous value.

Fund	Stock	Previous Value
GQG Partners LLC	UNITEDHEALTH GROUP INC	$1.7B
Capital World Investors	DELL TECHNOLOGIES INC	$1.4B
Pershing Square Capital Management, L.P.	NIKE INC	$1.4B
Capital World Investors	EATON CORP PLC	$1.4B
RLRokos Capital Management LLP	INVESCO QQQ TR	$1.2B
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	VANGUARD INDEX FDS	$1.1B
BERKSHIRE HATHAWAY INCWarren Buffett (Chairman Emeritus)	CITIGROUP INC	$1B
DED. E. Shaw & Co., Inc.	ISHARES TR	$951.4M
SC US (TTGP), LTD.	SNOWFLAKE INC	$918.6M
Fundsmith LLPTerry Smith	PEPSICO INC	$861.2M

The stocks the most tracked funds sold out of completely in 2025 Q1.

Stock	Funds Sold Out	Funds Opened	Funds Holding
CECELANESE CORP DEL	6114 opened	14	196
TFXTELEFLEX INCORPORATED	6020 opened	20	192
ITCIINTRA-CELLULAR THERAPIES INC	5638 opened	38	177
FMCFMC CORP	4820 opened	20	203
QRVOQORVO INC	4519 opened	19	200
LWLAMB WESTON HLDGS INC	4411 opened	11	233
KNXKNIGHT-SWIFT TRANSN HLDGS IN	4233 opened	33	204
DINOHF SINCLAIR CORP	4012 opened	12	209
BWABORGWARNER INC	3912 opened	12	221
TTCTORO CO	3922 opened	22	215

Funds increasing positions into price weakness - contrarian conviction.

Fund	Stock	Position Increase	Price Drop	DD Score
BNP PARIBAS FINANCIAL MARKETS	FLUENCE ENERGY INC	+877.7%	-69.7%	61,152
CITADEL ADVISORS LLCKen Griffin	DIREXION SHS ETF TR	+909.4%	-65.2%	59,254
BANK OF AMERICA CORP /DE/	PLIANT THERAPEUTICS INC	+661.1%	-88.5%	58,510
SIMPLEX TRADING, LLC	INTUITIVE MACHINES INC	+967.3%	-59.0%	57,047
TWO SIGMA ADVISERS, LP	MARAVAI LIFESCIENCES HLDGS I	+933.7%	-59.5%	55,509
BANK OF AMERICA CORP /DE/	SOUNDHOUND AI INC	+877.4%	-62.5%	54,857
NewEdge Advisors, LLC	ELECTROCORE INC	+857.9%	-62.0%	53,199
VIRGINIA RETIREMENT SYSTEMS ET Al	AVIS BUDGET GROUP INC	+927.8%	-55.5%	51,531
MORGAN STANLEY	TECTONIC THERAPEUTIC INC	+843.1%	-60.1%	50,703
HRT FINANCIAL LP	DIREXION SHS ETF TR	+774.3%	-65.2%	50,453

The positions funds are most committed to this quarter.

Fund	Stock	Type	Value	Conviction
Assenagon Asset Management S.A.	NVIDIA CORPORATION	Increased	$3.9B	100
Kestra Advisory Services, LLC	BERKSHIRE HATHAWAY INC DEL	Increased	$3.6B	100
Carlyle Group Inc.	STANDARDAERO INC	Increased	$3.6B	100
SOSOFTBANK GROUP CORP.	NVIDIA CORPORATION	Increased	$3.3B	100
WAWealthspire Advisors, LLC	ISHARES TR	Increased	$2.9B	100
Pershing Square Capital Management, L.P.	UBER TECHNOLOGIES INC	New	$2.2B	100
Elliott Investment Management L.P.	PHILLIPS 66	Increased	$1.9B	100
NATIXIS	APPLE INC	Increased	$1.4B	100
NATIXIS	MICROSOFT CORP	Increased	$1.3B	100
WAWealthspire Advisors, LLC	VANGUARD INDEX FDS	Increased	$1.2B	100

Top 5 winners and losers by estimated P&L.

Top Winners

GPAEFSteward Partners Investment Advisory, LLC

+500x

AGLHB Wealth Management, LLC

+119x

AGLMerit Financial Group, LLC

+119x

AGLFarther Finance Advisors, LLC

+116x

AGLLPL Financial LLC

+101x

Top Losers

EVFMCITADEL ADVISORS LLC

-100.0%

SOBRHudson Bay Capital Management LP

-100.0%

TWNPQMILLENNIUM MANAGEMENT LLC

-100.0%

DLAPQQube Research & Technologies Ltd

-100.0%

QCLSCandriam S.C.A.

-100.0%

Stocks where members of Congress AND institutional investors both bought — disclosed in Q2 2026. 10 stocks overlapped this quarter.

Stock	Congress	Funds
DVNDEVON ENERGY CORP	1 member	275 funds
TSLATESLA INC	1 member	232 funds
KVUEKENVUE INC	1 member	163 funds
SPGSIMON PROPERTY GROUP INC	1 member	161 funds
COOCOOPER COS INC/THE	1 member	154 funds
TCBITEXAS CAPITAL BANCSHARES INC	1 member	106 funds
SPHRSPHERE ENTERTAINMENT CO	1 member	106 funds
QNTQUANTINUUM INC	1 member	90 funds
MTNVAIL RESORTS INC	1 member	89 funds
FOURSHIFT4 PAYMENTS INC-CLASS A	1 member	69 funds