2026 Q1 Smart Money Report

Largest fresh entries initiated this quarter by dollar value.

Fund	Stock	Value	Weight	Conviction
ProShare Advisors LLC	PROSHARES TR	$19.7B	+29.2%	98
Amundi	TOTALENERGIES SE	$18.9B	+5.1%	98
Capital International Investors	ASTRAZENECA PLC	$6.7B	+1.6%	73
FMR LLC	ASTRAZENECA PLC	$5.8B	+0.3%	53
Capital World Investors	ASTRAZENECA PLC	$5.5B	+0.8%	62
Legal & General Group Plc	ASTRAZENECA PLC	$5B	+1.2%	73
Capital Research Global Investors	CISCO SYS INC	$5B	+0.8%	62
WELLINGTON MANAGEMENT GROUP LLP	ASTRAZENECA PLC	$4.6B	+0.9%	62
BROOKFIELD Corp /ON/	BROOKFIELD BUSINESS CORP	$4.5B	+6.1%	98
PRICE T ROWE ASSOCIATES INC /MD/	ASTRAZENECA PLC	$3.8B	+0.4%	53

Positions completely sold this quarter, ranked by previous value.

Fund	Stock	Previous Value
PRICE T ROWE ASSOCIATES INC /MD/	ASTRAZENECA PLC	$4.5B
GATES FOUNDATION TRUST	MICROSOFT CORP	$3.7B
PRIMECAP MANAGEMENT CO/CA/	ASTRAZENECA PLC	$3.4B
Capital World Investors	SYNOPSYS INC	$3.1B
BERKSHIRE HATHAWAY INC	VISA INC	$2.9B
MWMARSHALL WACE, LLP	VANGUARD INDEX FDS	$2.9B
Apollo Management Holdings, L.P.	ASPEN INSURANCE HOLDINGS LTD	$2.8B
BANK OF AMERICA CORP /DE/	ASTRAZENECA PLC	$2.4B
BERKSHIRE HATHAWAY INC	MASTERCARD INCORPORATED	$2.3B
WELLINGTON MANAGEMENT GROUP LLP	ASTRAZENECA PLC	$2.1B

Funds increasing positions into price weakness - contrarian conviction.

Fund	Stock	Position Increase	Price Drop	DD Score
BANK OF AMERICA CORP /DE/	U POWER LTD	+1.3Mx	-97.5%	12,953,382,000
Parallax Volatility Advisers, L.P.	SELECT SECTOR SPDR TR	+2.1Mx	-9.4%	1,956,790,361
Walleye Capital LLC	JUMIA TECHNOLOGIES AG	+254.1Kx	-38.0%	966,728,151
Walleye Capital LLC	HAPPEN INC	+315.3Kx	-22.9%	720,380,062
Walleye Capital LLC	FIVERR INTL LTD	+134.0Kx	-45.8%	613,332,542
CITIGROUP INC	CXAPP INC	+52.8Kx	-45.5%	240,276,476
MORGAN STANLEY	PROSHARES SHORT MSCI EMERGING MARKETS	+580.2Kx	-4.0%	231,892,857
Walleye Capital LLC	ZOOM COMMUNICATIONS INC	+152.0Kx	-14.8%	225,492,097
Walleye Capital LLC	INTERNATIONAL BUSINESS MACHS	+105.8Kx	-17.7%	187,254,992
Walleye Capital LLC	VITAL FARMS INC	+42.3Kx	-38.5%	162,767,810

The positions funds are most committed to this quarter.

Fund	Stock	Type	Value	Conviction
WPWINDACRE PARTNERSHIP LLC	ROPER TECHNOLOGIES INC	Increased	$2.7B	100
Brevan Howard Capital Management LP	ISHARES BITCOIN TRUST ETF	Increased	$933.8M	100
NATIXIS	NVIDIA CORPORATION	Increased	$2.4B	100
USS Investment Management Ltd	VANGUARD INDEX FDS	Increased	$2.1B	100
NVIDIA CORP	COREWEAVE INC	Increased	$3.7B	100
Pershing Square Capital Management, L.P.	MICROSOFT CORP	New	$2.1B	100
TEXAS PERMANENT SCHOOL FUND CORP	SSGA ACTIVE TR	New	$743M	100
H&H International Investment, LLC	TESLA INC	New	$1.3B	100
BARCLAYS PLC	ISHARES TR	Increased	$41.1B	100
Capula Management Ltd	ISHARES TR	Increased	$5.9B	100

This quarter's top-ranked fund: Janus Henderson Group Ltd.

Janus Henderson Group Ltd.

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

DLAPQQube Research & Technologies Ltd

-100.0%

ADNHSkandinaviska Enskilda Banken AB (publ)

-100.0%

ADNHSkandinaviska Enskilda Banken AB (publ)

-100.0%

QCLSCandriam S.C.A.

-100.0%

REVBJANE STREET GROUP, LLC

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