2026 Q2 Smart Money Report
What institutional investors did with their portfolios in 2026 Q2. Data from SEC 13F filings across 551+ tracked funds.
Updated June 30, 2026
Biggest New Positions
Largest fresh entries initiated this quarter by dollar value.
| Fund | Stock | Value | Weight | Conviction |
|---|---|---|---|---|
 Assenagon Asset Management S.A. |  SANDISK CORP | $1.4B | +1.8% | 73 |
| Assenagon Asset Management S.A. |  TAIWAN SEMICONDUCTOR MANUFAC | $490.5M | +0.6% | 61 |
 CONGRESS ASSET MANAGEMENT CO |  Arm Holdings PLC | $145M | +0.9% | 59 |
 WASATCH ADVISORS LP |  STONEX GROUP INC | $139.7M | +0.9% | 59 |
| Assenagon Asset Management S.A. |  CARNIVAL CORP LTD | $133.9M | +0.2% | 50 |
| CONGRESS ASSET MANAGEMENT CO |  KULICKE & SOFFA INDS INC | $117.4M | +0.7% | 59 |
| CONGRESS ASSET MANAGEMENT CO |  ARCHROCK INC | $90.1M | +0.6% | 58 |
| CONGRESS ASSET MANAGEMENT CO |  VITA COCO CO INC | $79.8M | +0.5% | 49 |
| CONGRESS ASSET MANAGEMENT CO |  POWER INTEGRATIONS INC | $77.9M | +0.5% | 49 |
| CONGRESS ASSET MANAGEMENT CO |  AXON ENTERPRISE INC | $77.8M | +0.5% | 49 |
Notable Exits
Positions completely sold this quarter, ranked by previous value.
Top Double-Downs
Funds increasing positions into price weakness - contrarian conviction.
| Fund | Stock | Position Increase | Price Drop | DD Score |
|---|---|---|---|---|
| Assenagon Asset Management S.A. |  BROWN & BROWN INC | +6588.6% | -21.9% | 144,536 |
| Assenagon Asset Management S.A. |  SMITH A O CORP | +5521.8% | -25.8% | 142,371 |
| Assenagon Asset Management S.A. |  HERSHEY CO | +4450.0% | -20.1% | 89,661 |
| Assenagon Asset Management S.A. |  CMS ENERGY CORP | +105x | -7.9% | 82,846 |
| Assenagon Asset Management S.A. |  FIRSTENERGY CORP | +6066.6% | -13.4% | 81,096 |
| Assenagon Asset Management S.A. |  ALLEGION PLC | +3038.1% | -20.7% | 62,754 |
| Assenagon Asset Management S.A. |  EPAM SYS INC | +1560.4% | -33.9% | 52,929 |
| Assenagon Asset Management S.A. |  ASTEC INDS INC | +2165.0% | -24.0% | 52,001 |
| Assenagon Asset Management S.A. |  BEST BUY INC | +3213.5% | -14.7% | 47,118 |
| Assenagon Asset Management S.A. |  FIDELITY NATL INFORMATION SV | +2590.5% | -16.3% | 42,204 |
Highest Conviction Moves
The positions funds are most committed to this quarter.
| Fund | Stock | Type | Value | Conviction |
|---|---|---|---|---|
 Sarasin & Partners LLP |  CITIGROUP INC | Increased | $259.9M | 91 |
| Sarasin & Partners LLP | TAIWAN SEMICONDUCTOR MANUFAC | Increased | $252.9M | 85 |
| Assenagon Asset Management S.A. |  UBS GROUP AG | Increased | $821.2M | 81 |
| Assenagon Asset Management S.A. |  ALPHABET INC | Increased | $1.4B | 81 |
| Assenagon Asset Management S.A. |  NVIDIA CORPORATION | Increased | $5.3B | 78 |
| WASATCH ADVISORS LP |  PREFORMED LINE PRODS CO | Increased | $154.9M | 77 |
| WASATCH ADVISORS LP |  ALLISON TRANSMISSION HLDGS I | Increased | $170.3M | 77 |
| Sarasin & Partners LLP |  CME GROUP INC | Increased | $290.2M | 76 |
| Sarasin & Partners LLP |  INTUITIVE SURGICAL INC | Increased | $97.2M | 76 |
| WASATCH ADVISORS LP |  CTS CORP | Increased | $234.7M | 74 |
Fund Spotlight
This quarter's top-ranked fund: Assenagon Asset Management S.A.
Best & Worst Trades
Top 5 winners and losers by estimated P&L.
Top Winners
GPAEFSteward Partners Investment Advisory, LLC
WINGBLACKROCK ADVISORS LLCNVDABLACKROCK ADVISORS LLC
GSIWJANE STREET GROUP, LLCTop Losers
SINTRockefeller Capital Management L.P.
EVFMBeacon Pointe Advisors, LLC
GCTKRockefeller Capital Management L.P.
MSPRXTX Topco Ltd
GMBLRockefeller Capital Management L.P.Congress × Smart Money Overlap
Stocks where members of Congress AND institutional investors both bought — disclosed in Q1 2026. 57 stocks overlapped this quarter.
| Stock | Congress | Funds |
|---|---|---|
 WATWATERS CORP | 2 members | 275 funds |
 AZNASTRAZENECA PLC | 1 members | 272 funds |
 TSLATESLA INC | 2 members | 228 funds |
 WELLWELLTOWER INC | 1 members | 227 funds |
 EXEEXPAND ENERGY CORPORATION | 1 members | 203 funds |
 PFEPFIZER INC | 1 members | 202 funds |
 GOOGALPHABET INC | 3 members | 198 funds |
| TSMTAIWAN SEMICONDUCTOR MANUFAC | 4 members | 192 funds |
 OXYOCCIDENTAL PETE CORP | 1 members | 194 funds |
 KVUEKENVUE INC | 2 members | 184 funds |
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer