2026 Q2 Smart Money Report

Largest fresh entries initiated this quarter by dollar value.

Fund	Stock	Value	Weight	Conviction
ALAlphabet Inc.	SPACE EXPLORATION TECHN CORP	$94.2B	+95.0%	99
FMR LLC	SPACE EXPLORATION TECHN CORP	$51.7B	+2.2%	83
PUBLIC INVESTMENT FUND	SPACE EXPLORATION TECHN CORP	$26.3B	+69.5%	100
BAMCO INC /NY/	SPACE EXPLORATION TECHN CORP	$24.9B	+37.4%	98
WOWoodbridge CO LTD	THOMSON REUTERS CORP	$24.2B	+95.8%	99
D1 Capital Partners L.P.	SPACE EXPLORATION TECHN CORP	$21.5B	+61.9%	98
NVIDIA CORP	SPACE EXPLORATION TECHN CORP	$21B	+33.1%	100
SC US (TTGP), LTD.	SPACE EXPLORATION TECHN CORP	$20.9B	+65.6%	100
BAILLIE GIFFORD & CO	SPACE EXPLORATION TECHN CORP	$8.8B	+8.0%	98
BlackRock, Inc.	SPACE EXPLORATION TECHN CORP	$8.7B	+0.1%	53

Positions completely sold this quarter, ranked by previous value.

Fund	Stock	Previous Value
WOWoodbridge CO LTD	THOMSON REUTERS CORP	$27.1B
BlackRock, Inc.	HONEYWELL INTL INC	$11B
VAVANGUARD CAPITAL MANAGEMENT LLC	HONEYWELL INTL INC	$9.3B
STATE STREET CORP	HONEYWELL INTL INC	$7.2B
Invesco Ltd.	HONEYWELL INTL INC	$4.8B
MORGAN STANLEY	HONEYWELL INTL INC	$4.2B
Amundi	EXXON MOBIL CORP	$4.2B
WELLINGTON MANAGEMENT GROUP LLP	HONEYWELL INTL INC	$3.8B
GEODE CAPITAL MANAGEMENT, LLC	HONEYWELL INTL INC	$3.7B
VPVANGUARD PORTFOLIO MANAGEMENT LLC	HONEYWELL INTL INC	$3.5B

Funds increasing positions into price weakness - contrarian conviction.

Fund	Stock	Position Increase	Price Drop	DD Score
Freestone Grove Partners LP	ON HLDG AG	+2.0Mx	-19.3%	3,912,323,865
Freestone Grove Partners LP	Karman Holdings Inc.	+240.0Kx	-45.2%	1,085,022,631
MORGAN STANLEY	GRANITESHARES 2X LONG MU DAILY ETF	+100.0Kx	-74.2%	742,203,598
CITIGROUP INC	UNICYCIVE THERAPEUTICS INC	+182.7Kx	-30.8%	563,045,383
BNP PARIBAS FINANCIAL MARKETS	WOODSIDE PETROLEUM-SP ADR	+325.4Kx	-10.2%	332,706,041
NATIONAL BANK OF CANADA /FI/	FMC CORP	+150.3Kx	-16.9%	254,035,405
UBS Group AG	AIM IMMUNOTECH INC COM NEW	+28.9Kx	-60.0%	173,580,000
Parallax Volatility Advisers, L.P.	APA CORP	+71.2Kx	-22.7%	161,873,068
Parallax Volatility Advisers, L.P.	NEWMONT MINING CORP	+71.1Kx	-21.2%	150,707,283
MORGAN STANLEY	HTHIGH-TREND INTERNATIONAL GRO	+20.0Kx	-54.1%	108,278,867

The positions funds are most committed to this quarter.

Fund	Stock	Type	Value	Conviction
MAMATHER GROUP, LLC.	VANGUARD VALUE ETF	Increased	$1.1B	100
EAEAGLE CAPITAL MANAGEMENT LLC	S&P GLOBAL INC	Increased	$1.7B	100
Egerton Capital (UK) LLP	MEDLINE INC	Increased	$649.6M	100
Capula Management Ltd	ISHARES CORE S&P 500 ETF	Increased	$15B	100
Savant Capital, LLC	VANGUARD TOTAL STOCK MARKET VIPERS	Increased	$1.9B	100
SC US (TTGP), LTD.	SPACE EXPLORATION TECHN-CL A	New	$20.9B	100
Dragoneer Investment Group, LLC	ADVANCED MICRO DEVICES	New	$548.4M	100
JAJericho Capital Asset Management L.P.	FOX CORP - CLASS A	Increased	$747.7M	100
Dragoneer Investment Group, LLC	SPACE EXPLORATION TECHN-CL A	New	$1.4B	100
Situational Awareness LP	SANDISK CORP	Increased	$5.7B	100

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

UBS Group AG

Top 5 winners and losers by estimated P&L.

Top Winners

GPAEFSteward Partners Investment Advisory, LLC

+510x

QNCXVANGUARD CAPITAL MANAGEMENT LLC

+337x

QNCXROYAL BANK OF CANADA

+337x

QNCXMariner, LLC

+337x

QNCXLPL Financial LLC

+337x

Top Losers

ADNHUBS Group AG

-100.0%

FRCBBaird Financial Group, Inc.

-100.0%

GMBLCreative Planning

-100.0%

FRGTSUSQUEHANNA INTERNATIONAL GROUP, LLP

-100.0%

FRCBEquitable Holdings, Inc.

-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	268 funds
TSLATESLA INC	1 members	229 funds
KVUEKENVUE INC	1 members	158 funds
SPGSIMON PROPERTY GROUP INC	1 members	156 funds
COOCOOPER COS INC/THE	1 members	150 funds
SPHRSPHERE ENTERTAINMENT CO	1 members	105 funds
TCBITEXAS CAPITAL BANCSHARES INC	1 members	104 funds
QNTQUANTINUUM INC	1 members	90 funds
MTNVAIL RESORTS INC	1 members	88 funds
FOURSHIFT4 PAYMENTS INC-CLASS A	1 members	70 funds