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2026 Q1 Smart Money Report

What institutional investors did with their portfolios in 2026 Q1. Data from SEC 13F filings across 551+ tracked funds.

Updated March 31, 2026

Biggest New Positions

Largest fresh entries initiated this quarter by dollar value.

FundStockValueWeightConviction
VAVANGUARD CAPITAL MANAGEMENT LLCNVDANVIDIA CORPORATION$268.3B+6.7%
98
MAMirae Asset Global Investments Co., Ltd.BRK/ABERKSHIRE HATHAWAY INC DEL$264.6B+88.4%
98
VAVANGUARD CAPITAL MANAGEMENT LLCAAPLAPPLE INC$242.1B+6.1%
98
VAVANGUARD CAPITAL MANAGEMENT LLCMSFTMICROSOFT CORP$178.6B+4.5%
88
VAVANGUARD CAPITAL MANAGEMENT LLCAMZNAMAZON COM INC$131.5B+3.3%
88
VAVANGUARD CAPITAL MANAGEMENT LLCGOOGLALPHABET INC$108.8B+2.7%
83
VAVANGUARD CAPITAL MANAGEMENT LLCAVGOBROADCOM INC$95.3B+2.4%
83
VPVANGUARD PORTFOLIO MANAGEMENT LLCNVDANVIDIA CORPORATION$89B+4.7%
88
VAVANGUARD CAPITAL MANAGEMENT LLCGOOGALPHABET INC$86.7B+2.2%
83
VPVANGUARD PORTFOLIO MANAGEMENT LLCAAPLAPPLE INC$84.1B+4.5%
88
See all new positions →

Notable Exits

Positions completely sold this quarter, ranked by previous value.

FundStockPrevious Value
PRICE T ROWE ASSOCIATES INC /MD/PRICE T ROWE ASSOCIATES INC /MD/AZNASTRAZENECA PLC Spon ADR Rep 1 USD0.5 Ord Shs$4.5B
GATES FOUNDATION TRUSTGATES FOUNDATION TRUSTMSFTMICROSOFT CORP$3.7B
PRIMECAP MANAGEMENT CO/CA/PRIMECAP MANAGEMENT CO/CA/AZNASTRAZENECA PLC Spon ADR Rep 1 USD0.5 Ord Shs$3.4B
Capital World InvestorsCapital World InvestorsSNPSSYNOPSYS INC$3.1B
BERKSHIRE HATHAWAY INCBERKSHIRE HATHAWAY INCVVISA INC$2.9B
MWMARSHALL WACE, LLPVOOVANGUARD INDEX FDS$2.9B
Apollo Management Holdings, L.P.Apollo Management Holdings, L.P.AHLASPEN INSURANCE HOLDINGS LTD$2.8B
BANK OF AMERICA CORP /DE/BANK OF AMERICA CORP /DE/AZNASTRAZENECA PLC Spon ADR Rep 1 USD0.5 Ord Shs$2.4B
BERKSHIRE HATHAWAY INCBERKSHIRE HATHAWAY INCMAMASTERCARD INCORPORATED$2.3B
WELLINGTON MANAGEMENT GROUP LLPWELLINGTON MANAGEMENT GROUP LLPAZNASTRAZENECA PLC Spon ADR Rep 1 USD0.5 Ord Shs$2.1B
See all exits →

Top Double-Downs

Funds increasing positions into price weakness - contrarian conviction.

FundStockPosition IncreasePrice DropDD Score
BANK OF AMERICA CORP /DE/BANK OF AMERICA CORP /DE/UCARU Power Limited+1.3Mx-15.6%2,075,862,500
Parallax Volatility Advisers, L.P.Parallax Volatility Advisers, L.P.XLFSELECT SECTOR SPDR TR+2.1Mx-7.2%1,498,339,011
Walleye Capital LLCWalleye Capital LLCJMIAJUMIA TECHNOLOGIES AG+254.1Kx-38.0%966,728,151
Walleye Capital LLCWalleye Capital LLCFVRRFIVERR INTL LTD+134.0Kx-45.8%613,332,542
MORGAN STANLEYMORGAN STANLEYEUMPROSHARES TR+580.2Kx-5.9%344,707,888
Walleye Capital LLCWalleye Capital LLCZMZOOM COMMUNICATIONS INC+152.0Kx-14.8%225,492,097
CITIGROUP INCCITIGROUP INCCXAICXAPP INC+52.8Kx-41.9%221,540,968
Walleye Capital LLCWalleye Capital LLCIBMINTERNATIONAL BUSINESS MACHS+105.8Kx-18.3%193,914,449
UBS Group AGUBS Group AGGTBPGT BIOPHARMA INC+46.0Kx-42.0%192,956,296
MORGAN STANLEYMORGAN STANLEYEFZPROSHARES TR+698.2Kx-2.7%187,946,239
See all double-downs →

Highest Conviction Moves

The positions funds are most committed to this quarter.

FundStockTypeValueConviction
Rakuten Investment Management, Inc.Rakuten Investment Management, Inc.VTVANGUARD INTL EQUITY INDEX F
Increased
$4.3B
100
Rakuten Investment Management, Inc.Rakuten Investment Management, Inc.VTIVANGUARD INDEX FDS
Increased
$31.1B
100
NATIXISNATIXISNVDANVIDIA CORPORATION
Increased
$2.4B
100
BARCLAYS PLCBARCLAYS PLCEEMISHARES TR
Increased
$41.1B
100
Capula Management LtdCapula Management LtdIVViShares Trust CORE S&P500 ETF
Increased
$5.9B
100
Sanders Capital, LLCSanders Capital, LLCAMZNAMAZON COM INC
Increased
$6.2B
100
Egerton Capital (UK) LLPEgerton Capital (UK) LLPGOOGALPHABET INC
Increased
$992.4M
100
WPWINDACRE PARTNERSHIP LLCROPROPER TECHNOLOGIES INC
Increased
$2.7B
100
TD Waterhouse Canada Inc.TD Waterhouse Canada Inc.TDTORONTO DOMINION BK ONT
Increased
$1.9B
100
Egerton Capital (UK) LLPEgerton Capital (UK) LLPMCOMOODYS CORP
Increased
$674.3M
100
See all high-conviction moves →

Fund Spotlight

This quarter's top-ranked fund: UBS Group AG

UBS Group AGUBS Group AG
AUM
$563.6B
Positions
9,047
Avg Conviction
17
View UBS Group AG's full portfolio →

Best & Worst Trades

Top 5 winners and losers by estimated P&L.

Top Winners

GPAEFGPAEFSteward Partners Investment Advisory, LLC
+592x
JDJDZGUBS Group AG
+384x
WINGWINGBLACKROCK ADVISORS LLC
+377x
NVDANVDABLACKROCK ADVISORS LLC
+299x
GSIWGSIWJANE STREET GROUP, LLC
+216x

Top Losers

SINTSINTRockefeller Capital Management L.P.
-100.0%
EVFMEVFMBeacon Pointe Advisors, LLC
-100.0%
GCTKGCTKRockefeller Capital Management L.P.
-100.0%
MSPRMSPRXTX Topco Ltd
-100.0%
GMBLGMBLRockefeller Capital Management L.P.
-100.0%
See all trades →

Congress × Smart Money Overlap

Stocks where members of Congress AND institutional investors both bought — disclosed in Q1 2026. 57 stocks overlapped this quarter.

StockCongressFunds
WATWATWATERS CORP2 members275 funds
AZNAZNASTRAZENECA PLC1 members272 funds
TSLATSLATESLA INC2 members228 funds
WELLWELLWELLTOWER INC1 members227 funds
EXEEXEEXPAND ENERGY CORPORATION1 members203 funds
PFEPFEPFIZER INC1 members202 funds
GOOGGOOGALPHABET INC3 members198 funds
TSMTSMTAIWAN SEMICONDUCTOR MANUFAC4 members192 funds
OXYOXYOCCIDENTAL PETE CORP1 members194 funds
KVUEKVUEKENVUE INC2 members184 funds
See all congressional trades →

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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

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