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Asset Manager ← All Institutions

ADAGE CAPITAL PARTNERS GP, L.L.C.

Q4 2025 · Filed 2026-02-17
Market Value
$64.7B
+4.3%
Holdings
976
+34
New Purchases
154
Added To
297
Closed
139
Reduced
360
Top 10 Concentration
32.1%
Turnover
30.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 2.54% 2.07% +0.47% $1.6B
LLY 1.38% 0.99% +0.39% $894M
GOOG 2.03% 1.70% +0.33% $1.3B
TERN 0.35% 0.05% +0.30% $224M
MRK 0.44% 0.14% +0.29% $283M
BA 0.51% 0.28% +0.23% $333M
RVMD 0.27% 0.06% +0.22% $176M
RNAM 0.29% 0.08% +0.21% $190M
D 0.19% 0.00% +0.19% $125M
ROIV 0.36% 0.18% +0.18% $232M
MU 0.49% 0.32% +0.17% $317M
EXAS 0.17% 0.00% +0.17% $108M
HESM 0.14% 0.00% +0.14% $92M
DXCM 0.16% 0.02% +0.14% $105M
CNR 0.13% 0.00% +0.13% $86M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 4.95% 5.66% -0.71% $3.2B
CVX 0.42% 0.82% -0.40% $271M
NVDA 6.41% 6.77% -0.35% $4.2B
PG 0.62% 0.94% -0.31% $404M
META 2.06% 2.36% -0.31% $1.3B
ETNB 0.00% 0.22% -0.22% $0
INSM 0.08% 0.29% -0.21% $52M
HD 0.56% 0.76% -0.19% $365M
ABT 0.33% 0.50% -0.17% $211M
JCI 0.29% 0.45% -0.16% $186M
ABBV 0.53% 0.69% -0.16% $345M
NEE 0.16% 0.31% -0.15% $103M
ORCL 0.56% 0.71% -0.15% $365M
MDT 0.19% 0.33% -0.15% $122M
UNP 0.03% 0.17% -0.14% $20M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 59 $33.6B 51.9%
Large Cap 475 $23.6B 36.4%
Mid Cap 229 $5.4B 8.3%
Small Cap 139 $1.8B 2.8%
Micro Cap 74 $387M 0.6%

Portfolio Analytics

Avg Market Cap
$80.2B
Median Market Cap
$12.3B
Avg P/E
34.2
Median P/E
23.8
Avg Dividend Yield
0.01%
Avg Beta
0.98
# Stocks
974
# ETFs / Funds
2

Top Holdings (976 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 6.41% 22,258,110 $4.2B $186.50 -$48M -250,000 -1.1%
2 AAPL 5.55% 13,226,554 $3.6B $271.86 $192M -140,100 -1.1%
3 MSFT 4.95% 6,627,143 $3.2B $483.62 -$307M -153,200 -2.3%
4 AMZN 3.23% 9,064,760 $2.1B $230.82 $45M -261,600 -2.8%
5 GOOGL 2.54% 5,253,800 $1.6B $313.00 $359M -35,900 -0.7%
6 AVGO 2.26% 4,222,056 $1.5B $346.10 $74M +17,300 +0.4%
7 META 2.06% 2,016,435 $1.3B $660.09 -$135M +20,100 +1.0%
8 GOOG 2.03% 4,179,120 $1.3B $313.80 $259M -142,400 -3.3%
9 TSLA 1.72% 2,472,800 $1.1B $449.72 $21M +20,300 +0.8%
10 LLY 1.38% 832,292 $894M $1,074.68 $279M +25,426 +3.1%
11 BRK-B 1.28% 1,643,469 $826M $502.65 -$1M -2,000 -0.1%
12 JPM 1.21% 2,428,466 $783M $322.22 $13M -10,000 -0.4%
13 COP 1.02% 7,037,277 $659M $93.61 $98M +1,104,900 +18.6%
14 V 0.82% 1,507,340 $529M $350.71 $5M -25,200 -1.6%
15 JNJ 0.71% 2,210,913 $458M $206.95 $38M -52,744 -2.3%
16 RPRX 0.70% 11,740,594 $454M $38.64 $32M -225,039 -1.9%
17 WMT 0.67% 3,873,326 $432M $111.41 $22M -100,200 -2.5%
18 MA 0.64% 730,560 $417M $570.88 -$8M -16,050 -2.1%
19 PG 0.62% 2,822,220 $404M $143.31 -$177M -962,853 -25.4%
20 NFLX 0.58% 4,035,830 $378M $93.76 -$65M +3,665,697 +990.4%
21 PLTR 0.57% 2,064,600 $367M $177.75 -$10M -3,500 -0.2%
22 HD 0.56% 1,061,656 $365M $344.10 -$105M -99,100 -8.5%
23 ORCL 0.56% 1,870,116 $365M $194.91 -$76M +303,100 +19.3%
24 BAC 0.55% 6,505,273 $358M $55.00 -$20M -811,400 -11.1%
25 ABBV 0.53% 1,508,715 $345M $228.49 -$82M -336,077 -18.2%
26 COST 0.52% 389,577 $336M $862.34 -$25M -700 -0.2%
27 BA 0.51% 1,534,944 $333M $217.12 $159M +729,708 +90.6%
28 TMO 0.50% 564,168 $327M $579.45 $66M +25,288 +4.7%
29 XOM 0.49% 2,661,722 $320M $120.34 $89M +609,770 +29.7%
30 MU 0.49% 1,110,803 $317M $285.41 $120M -66,800 -5.7%
31 DOV 0.47% 1,556,098 $304M $195.24 -$46M -541,904 -25.8%
32 CSCO 0.46% 3,907,721 $301M $77.03 $20M -193,300 -4.7%
33 AMD 0.46% 1,384,794 $297M $214.16 $72M -1,800 -0.1%
34 UNH 0.44% 864,352 $285M $330.11 $36M +143,101 +19.8%
35 MRK 0.44% 2,687,850 $283M $105.26 $194M +1,634,216 +155.1%
36 CNTA 0.44% 11,281,741 $282M $25.01 $39M +1,246,741 +12.4%
37 CRM 0.43% 1,059,439 $281M $264.91 $21M -34,900 -3.2%
38 GE 0.42% 886,363 $273M $308.03 $27M +68,633 +8.4%
39 CVX 0.42% 1,780,166 $271M $152.41 -$239M -1,504,675 -45.8%
40 IBM 0.40% 883,890 $262M $296.21 $3M -33,252 -3.6%
41 WFC 0.39% 2,697,196 $251M $93.20 $17M -93,700 -3.4%
42 KO 0.37% 3,425,082 $239M $69.91 $29M +244,900 +7.7%
43 ROIV 0.36% 10,677,894 $232M $21.70 $122M +3,445,511 +47.6%
44 NSC 0.36% 798,093 $230M $288.72 $73M +275,236 +52.6%
45 PM 0.35% 1,406,954 $226M $160.40 -$4M -8,500 -0.6%
46 TERN 0.35% 5,550,000 $224M $40.40 $195M +1,611,000 +40.9%
47 DIS 0.34% 1,961,725 $223M $113.77 $2M +26,800 +1.4%
48 LRCX 0.34% 1,291,620 $221M $171.18 $34M -105,700 -7.6%
49 VNOM 0.34% 5,711,539 $221M $38.63 $42M +1,024,838 +21.9%
50 CAT 0.34% 384,378 $220M $572.87 $64M +57,054 +17.4%
51 HUBB 0.34% 488,897 $217M $444.11 -$8M -33,975 -6.5%
52 OVV 0.33% 5,462,109 $214M $39.19 $20M +650,000 +13.5%
53 AON 0.33% 606,569 $214M $352.88 -$16M -39,500 -6.1%
54 ABT 0.33% 1,681,202 $211M $125.29 -$97M -615,785 -26.8%
55 RTX 0.32% 1,142,869 $210M $183.40 $76M +341,834 +42.7%
56 WM 0.31% 918,710 $202M $219.71 $80M +365,818 +66.2%
57 BSX 0.31% 2,082,360 $199M $95.35 $67M +734,944 +54.5%
58 FERG 0.31% 889,472 $198M $222.63 $38M +177,381 +24.9%
59 LIN 0.31% 463,935 $198M $426.39 $12M +73,500 +18.8%
60 ISRG 0.30% 340,505 $193M $566.36 $54M +29,522 +9.5%
61 GS 0.30% 217,889 $192M $879.00 -$2M -25,420 -10.4%
62 RNAM 0.29% 2,630,966 $190M $72.13 $137M +1,430,966 +119.2%
63 JCI 0.29% 1,555,271 $186M $119.75 -$94M -997,371 -39.1%
64 RVMD 0.27% 2,205,555 $176M $79.65 $141M +1,463,155 +197.1%
65 SCHW 0.26% 1,709,639 $171M $99.91 $12M +46,000 +2.8%
66 EW 0.26% 1,954,631 $167M $85.25 $61M +595,165 +43.8%
67 WVE 0.26% 9,786,061 $166M $17.00 $60M -4,781,723 -32.8%
68 MCD 0.26% 541,602 $166M $305.63 -$22M -74,800 -12.1%
69 DHR 0.26% 722,084 $165M $228.92 $55M +166,580 +30.0%
70 AMAT 0.25% 641,726 $165M $256.99 $28M -28,000 -4.2%
71 APP 0.25% 244,400 $165M $673.82 -$12M -1,800 -0.7%
72 VZ 0.25% 4,035,772 $164M $40.73 $383K +304,400 +8.2%
73 MS 0.25% 922,634 $164M $177.53 $11M -41,600 -4.3%
74 C 0.25% 1,399,186 $163M $116.69 $7M -144,800 -9.4%
75 DVN 0.25% 4,456,292 $163M $36.63 $2M -141,600 -3.1%
76 QCOM 0.25% 938,521 $161M $171.05 $4M -5,200 -0.6%
77 INTU 0.25% 241,700 $160M $662.42 $511K +8,000 +3.4%
78 T 0.25% 6,407,539 $159M $24.84 -$37M -544,700 -7.8%
79 SRE 0.24% 1,754,370 $155M $88.29 $7M +111,000 +6.8%
80 BKNG 0.23% 28,350 $152M $5,355.33 $12M +2,450 +9.5%
81 GEV 0.23% 229,899 $150M $653.57 $2M -10,600 -4.4%
82 INTC 0.23% 4,070,054 $150M $36.90 $15M +54,769 +1.4%
83 UBER 0.23% 1,818,000 $149M $81.71 -$28M +20,765 +1.2%
84 PEP 0.23% 1,032,879 $148M $143.52 -$15M -132,100 -11.3%
85 APH 0.23% 1,092,620 $148M $135.14 $13M +4,900 +0.5%
86 SPGI 0.22% 274,620 $144M $522.59 $7M -6,100 -2.2%
87 ACN 0.22% 534,822 $143M $268.30 $9M -11,600 -2.1%
88 MTDR 0.22% 3,365,997 $143M $42.44 $9M +385,000 +12.9%
89 AXP 0.22% 381,588 $141M $369.95 $2M -36,500 -8.7%
90 CSX 0.21% 3,832,708 $139M $36.25 $58M +1,556,026 +68.3%
91 EQIX 0.21% 180,668 $138M $766.16 $25M +35,700 +24.6%
92 NOW 0.21% 891,900 $137M $153.19 -$28M +712,800 +398.0%
93 CVS 0.21% 1,721,266 $137M $79.36 -$4M -150,133 -8.0%
94 COF 0.21% 548,928 $133M $242.36 $13M -16,600 -2.9%
95 SWX 0.20% 1,648,496 $132M $80.02 $21M +228,496 +16.1%
96 PH 0.20% 147,168 $129M $878.96 $14M -5,000 -3.3%
97 ROST 0.20% 712,586 $128M $180.14 -$21M -270,200 -27.5%
98 KLAC 0.20% 104,854 $127M $1,215.08 $30M +15,000 +16.7%
99 D 0.19% 2,141,911 $125M $58.59 +2,141,911 NEW
100 VRTX 0.19% 272,474 $124M $453.36 -$65M -210,021 -43.5%

New Positions

SymbolValue% Port
D $125M 0.19%
EXAS $108M 0.17%
HESM $92M 0.14%
CNR $86M 0.13%
AYI $78M 0.12%
ED $67M 0.10%
CVNA $54M 0.08%
NWE $52M 0.08%
ALH $48M 0.07%
AFG $44M 0.07%
SHAK $41M 0.06%
TECK $41M 0.06%
TKR $38M 0.06%
ARWR $37M 0.06%
MTSI $35M 0.05%

Sold Out Positions

SymbolValue% Port
BDX —%
AAP —%
ATR —%
EMN —%
OC —%
AEM —%
SLGN —%
USPH —%
ZTS —%
REXR —%
LYB —%
BNL —%
VOYA —%
CPRI —%
FNV —%
View SEC EDGAR Filings for ADAGE CAPITAL PARTNERS GP, L.L.C. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms