What institutional investors did with their portfolios in 2025 Q4. Data from SEC 13F filings across 550+ tracked funds.
Largest fresh entries initiated this quarter by dollar value.
| Fund | Stock | Value | Weight | Conviction |
|---|---|---|---|---|
| NOMURA HOLDINGS INC | ECHOSTAR CORP | $19.2B | +25.6% | 98 |
| Carlyle Group Inc. | Medline Inc. | $9B | +66.7% | 100 |
| NVIDIA CORP | Intel Corporation | $7.9B | +60.5% | 100 |
| VANGUARD GROUP INC | TotalEnergies SE | $5.3B | +0.1% | 44 |
| NATIXIS | Vanguard S&P 500 ETF | $5.2B | +18.4% | 98 |
| Walleye Capital LLC | iShares Core S&P 500 ETF | $4.5B | +13.9% | 98 |
| Capital International Investors | TotalEnergies SE | $3.4B | +0.5% | 62 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | NVIDIA Corporation | $3B | +4.5% | 88 |
| Amundi | ALIBABA GROUP HLDG LTD | $2.9B | +0.8% | 62 |
| MARSHALL WACE, LLP | Vanguard S&P 500 ETF | $2.9B | +2.6% | 83 |
Positions completely sold this quarter, ranked by previous value.
| Fund | Stock | Previous Value |
|---|---|---|
| SOFTBANK GROUP CORP. | NVIDIA Corporation | $6B |
| PUBLIC INVESTMENT FUND | Take-Two Interactive Software, | $2.9B |
| VANGUARD GROUP INC | KELLOGG CO | $2.7B |
| BlackRock, Inc. |
Funds increasing positions into price weakness - contrarian conviction.
| Fund | Stock | Position Increase | Price Drop | DD Score |
|---|---|---|---|---|
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | CAESARS ENTERTAINMENT INC NE | +2.5Mx | -15.6% | 3,853,658,288 |
| BlackRock, Inc. | HYPERSCALE DATA INC C | +221.7Kx | -57.8% | 1,281,045,422 |
| BARCLAYS PLC |
The positions funds are most committed to this quarter.
| Fund | Stock | Type | Value | Conviction |
|---|---|---|---|---|
| Corient Private Wealth LLC | MICROSOFT CORP | Increased | $5.2B | 100 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | TEXAS PACIFIC LAND CORPORATI | Increased |
This quarter's top-ranked fund: UBS Group AG
Top 5 winners and losers by estimated P&L.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
| KELLOGG CO |
| $2.5B |
| WELLINGTON MANAGEMENT GROUP LLP | UNILEVER PLC | $2.1B |
| BlackRock, Inc. | MR COOPER GROUP INC | $1.8B |
| Jefferies Financial Group Inc. | Vanguard Information Tech ETF | $1.7B |
| KEYBANK NATIONAL ASSOCIATION/OH | KELLOGG CO | $1.6B |
| CANADA PENSION PLAN INVESTMENT BOARD | Informatica Inc | $1.6B |
| VANGUARD GROUP INC | MR COOPER GROUP INC | $1.4B |
| +185.0Kx |
| -55.7% |
| 1,030,379,747 |
| Clear Street Group Inc. | OCEANPAL INC C | +665.6Kx | -15.2% | 1,011,771,280 |
| MORGAN STANLEY | FIDELITY WISE ORIGIN BITCOIN | +346.3Kx | -23.3% | 807,125,030 |
| NATIONAL BANK OF CANADA /FI/ | ETSY INC | +279.0Kx | -25.5% | 712,231,266 |
| PEAK6 LLC | COINBASE GLOBAL INC | +181.5Kx | -30.7% | 556,506,312 |
| UBS Group AG | ANGEL STUDIOS INC C | +289.0Kx | -15.7% | 453,879,314 |
| BARCLAYS PLC | LINEAGE CELL THERAPEUTICS IN | +348.5Kx | -10.6% | 369,925,754 |
| BARCLAYS PLC | MICROBOT MED INC | +59.4Kx | -35.9% | 213,382,500 |
| $3B |
100 |
| EDGEWOOD MANAGEMENT LLC | NETFLIX INC | Increased | $1.1B | 100 |
| AXIOM INVESTORS LLC /DE | ALPHABET INC | Increased | $1.1B | 100 |
| Allianz Asset Management GmbH | ISHARES TR | Increased | $5.7B | 100 |
| Capula Management Ltd | VANGUARD INDEX FDS | Increased | $7.5B | 100 |
| Durable Capital Partners LP | DOORDASH INC | Increased | $810.5M | 100 |
| Pentwater Capital Management LP | BOEING CO | Increased | $1.4B | 100 |
| TEACHER RETIREMENT SYSTEM OF TEXAS | VANGUARD INDEX FDS | Increased | $4.1B | 100 |
| MACQUARIE GROUP LTD | VANGUARD INDEX FDS | Increased | $1.5B | 100 |