— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

MARSHALL WACE, LLP

Q2 2025 · Filed 2025-08-13
Market Value
$81.7B
+12.4%
Holdings
2,930
+121
New Purchases
653
Added To
846
Closed
606
Reduced
812
Top 10 Concentration
34.2%
Turnover
43.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CRCL 1.89% 0.00% +1.89% $1.5B
NVDA 2.56% 0.89% +1.67% $2.1B
AMZN 3.17% 2.51% +0.66% $2.6B
TMUS 0.52% 0.01% +0.51% $428M
DE 0.52% 0.08% +0.44% $429M
PLTR 0.68% 0.24% +0.44% $557M
FI 0.44% 0.00% +0.44% $357M
MSFT 3.30% 2.87% +0.42% $2.7B
LLY 0.89% 0.48% +0.41% $726M
WMT 0.42% 0.02% +0.40% $344M
GOOG 0.94% 0.57% +0.38% $770M
EW 0.66% 0.30% +0.36% $539M
OTIS 0.34% 0.01% +0.34% $282M
MS 0.36% 0.05% +0.31% $295M
DXCM 0.41% 0.10% +0.31% $334M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IVV 16.29% 18.33% -2.04% $13.3B
AAPL 2.51% 3.57% -1.06% $2.0B
TSLA 0.81% 1.79% -0.97% $662M
DHR 0.20% 1.02% -0.81% $167M
V 0.01% 0.61% -0.61% $6M
INTU 0.21% 0.77% -0.56% $172M
PFE 0.01% 0.49% -0.48% $11M
RTX 0.08% 0.52% -0.44% $67M
SE 0.22% 0.59% -0.37% $181M
META 1.05% 1.42% -0.37% $857M
MCK 0.01% 0.36% -0.35% $9M
ZS 0.06% 0.40% -0.34% $50M
COST 0.39% 0.71% -0.32% $320M
LPLA 0.01% 0.31% -0.30% $8M
DIS 0.00% 0.29% -0.29% $390K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 64 $34.5B 42.3%
Large Cap 773 $35.5B 43.5%
Mid Cap 874 $8.4B 10.3%
Small Cap 856 $2.9B 3.6%
Micro Cap 363 $314M 0.4%

Portfolio Analytics

Avg Market Cap
$32.1B
Median Market Cap
$3.1B
Avg P/E
33.3
Median P/E
20.5
Avg Dividend Yield
0.02%
Avg Beta
1.08
# Stocks
2,755
# ETFs / Funds
175

Top Holdings (2,930 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 16.29% 21,422,379 $13.3B $620.90 -$11M -2,269,829 -9.6%
2 MSFT 3.30% 5,410,250 $2.7B $497.41 $603M -152,481 -2.7%
3 AMZN 3.17% 11,788,442 $2.6B $219.39 $767M +2,224,381 +23.3%
4 NVDA 2.56% 13,227,790 $2.1B $157.97 $1.4B +7,232,315 +120.6%
5 AAPL 2.51% 9,991,647 $2.0B $205.17 -$542M -1,678,351 -14.4%
6 CRCL 1.89% 8,534,470 $1.5B $181.29 +8,534,470 NEW
7 AMD 1.31% 7,519,632 $1.1B $141.90 $135M -1,547,794 -17.1%
8 GOOGL 1.15% 5,345,009 $942M $176.23 $159M +284,327 +5.6%
9 META 1.05% 1,161,194 $857M $738.09 -$175M -628,932 -35.1%
10 BSX 0.99% 7,497,657 $805M $107.41 $4M -450,505 -5.7%
11 GOOG 0.94% 4,340,066 $770M $177.39 $357M +1,700,308 +64.4%
12 LLY 0.89% 931,733 $726M $779.53 $380M +512,229 +122.1%
13 TSLA 0.81% 2,085,223 $662M $317.66 -$635M -2,919,808 -58.3%
14 RBLX 0.69% 5,319,897 $560M $105.20 $168M -1,390,940 -20.7%
15 PLTR 0.68% 4,083,231 $557M $136.32 $379M +1,979,917 +94.1%
16 CRH.L 0.68% 6,031,903 $554M $91.80 $189M +1,881,550 +45.3%
17 EW 0.66% 6,895,579 $539M $78.21 $320M +3,864,908 +127.5%
18 MELI 0.66% 206,119 $539M $2,613.63 $159M +11,386 +5.8%
19 COF 0.63% 2,429,456 $517M $212.76 $71M -60,035 -2.4%
20 CRM 0.61% 1,829,004 $499M $272.69 -$19M -98,864 -5.1%
21 NFLX 0.61% 371,873 $498M $1,339.13 $58M -99,567 -21.1%
22 RACE 0.59% 977,314 $478M $488.82 -$2M -151,284 -13.4%
23 USB 0.54% 9,781,063 $443M $45.25 -$35M -1,519,270 -13.4%
24 DE 0.52% 842,882 $429M $508.49 $370M +717,808 +573.9%
25 TMUS 0.52% 1,797,086 $428M $238.26 $421M +1,768,654 +6220.6%
26 LMT 0.52% 914,291 $423M $463.14 $4M -24,836 -2.6%
27 DASH 0.49% 1,633,612 $403M $246.51 -$162M -1,457,683 -47.1%
28 SFM 0.47% 2,314,665 $381M $164.64 $66M +252,699 +12.3%
29 UNH 0.44% 1,153,809 $360M $311.97 -$128M +222,643 +23.9%
30 FI 0.44% 2,068,575 $357M $172.41 +2,068,575 NEW
31 TOST 0.43% 7,887,409 $349M $44.29 $224M +4,100,104 +108.3%
32 AVGO 0.43% 1,260,018 $347M $275.65 -$25M -961,997 -43.3%
33 WMT 0.42% 3,516,236 $344M $97.78 $330M +3,361,440 +2171.5%
34 DXCM 0.41% 3,822,085 $334M $87.29 $261M +2,762,504 +260.7%
35 CAH 0.40% 1,930,967 $324M $168.00 $101M +309,335 +19.1%
36 COST 0.39% 323,491 $320M $989.94 -$196M -222,556 -40.8%
37 UBER 0.38% 3,352,293 $313M $93.30 $139M +963,265 +40.3%
38 ULTA 0.38% 654,598 $306M $467.82 $87M +56,063 +9.4%
39 BA 0.37% 1,435,938 $301M $209.53 -$167M -1,306,652 -47.6%
40 IBKR 0.37% 5,415,370 $300M $55.41 $102M +4,220,463 +353.2%
41 CAT 0.36% 761,800 $296M $388.21 $248M +616,739 +425.2%
42 MS 0.36% 2,092,341 $295M $140.86 $260M +1,793,774 +600.8%
43 OTIS 0.34% 2,844,524 $282M $99.02 $276M +2,791,765 +5291.5%
44 SO 0.34% 3,020,895 $277M $91.83 -$62M -667,542 -18.1%
45 TTWO 0.34% 1,141,397 $277M $242.85 $111M +339,500 +42.3%
46 HLT 0.33% 1,007,725 $268M $266.34 $5M -150,587 -13.0%
47 PINS 0.33% 7,416,517 $266M $35.86 $12M -770,894 -9.4%
48 GRAB 0.32% 51,942,650 $261M $5.03 $10M -3,438,219 -6.2%
49 INTC 0.32% 11,654,926 $261M $22.40 $24M +1,218,124 +11.7%
50 ADI 0.32% 1,085,990 $258M $238.02 $222M +907,385 +508.0%
51 DLTR 0.31% 2,593,468 $257M $99.04 $3M -793,991 -23.4%
52 ABBV 0.31% 1,379,335 $256M $185.62 $205M +1,137,548 +470.5%
53 NTNX 0.31% 3,279,107 $251M $76.44 $121M +1,415,117 +75.9%
54 MRK 0.30% 3,144,500 $249M $79.16 $248M +3,136,893 +41236.9%
55 JNJ 0.30% 1,583,553 $242M $152.75 $90M +670,669 +73.5%
56 T 0.29% 8,134,843 $235M $28.94 +8,134,843 NEW
57 MSI 0.28% 548,786 $231M $420.46 +548,786 NEW
58 CI 0.28% 679,702 $225M $330.58 +679,702 NEW
59 SRE 0.27% 2,957,399 $224M $75.77 $200M +2,623,637 +786.1%
60 CVX 0.27% 1,534,575 $220M $143.19 $74M +666,071 +76.7%
61 EXR 0.27% 1,477,404 $218M $147.44 $81M +554,666 +60.1%
62 GILD 0.26% 1,950,813 $216M $110.87 $130M +1,176,946 +152.1%
63 F-PD 0.26% 19,572,437 $212M $10.85 $188M +17,164,234 +712.7%
64 ED 0.25% 2,015,433 $202M $100.35 -$25M -39,240 -1.9%
65 NU 0.25% 14,691,671 $202M $13.72 $129M +7,569,233 +106.3%
66 LIN 0.24% 426,150 $200M $469.15 $35M +71,159 +20.1%
67 PODD 0.24% 628,568 $197M $314.18 $39M +24,062 +4.0%
68 DG 0.24% 1,725,483 $197M $114.38 -$84M -1,477,573 -46.1%
69 AEP 0.24% 1,890,177 $196M $103.76 -$37M -240,547 -11.3%
70 HAS 0.24% 2,634,857 $195M $73.82 $54M +346,637 +15.2%
71 CPNG 0.23% 6,360,239 $191M $29.96 $126M +3,414,359 +115.9%
72 FCX 0.23% 4,327,245 $188M $43.35 $119M +2,518,641 +139.3%
73 PNC 0.23% 1,005,926 $188M $186.42 $158M +835,926 +491.7%
74 HON 0.23% 802,060 $187M $232.88 $97M +375,757 +88.1%
75 SCHW 0.23% 2,031,878 $185M $91.24 $110M +1,075,014 +112.3%
76 GM 0.22% 3,699,220 $182M $49.21 $105M +2,061,712 +125.9%
77 SE 0.22% 1,132,702 $181M $159.94 -$250M -2,170,366 -65.7%
78 EL 0.22% 2,222,968 $180M $80.80 $74M +625,454 +39.1%
79 ANET 0.22% 1,755,549 $180M $102.31 -$101M -1,864,341 -51.5%
80 HD 0.22% 489,547 $179M $366.64 $129M +350,579 +252.3%
81 A 0.22% 1,511,123 $178M $118.01 $7M +42,476 +2.9%
82 TEAM 0.22% 870,867 $177M $203.09 $116M +583,697 +203.3%
83 JD 0.21% 5,335,961 $174M $32.64 $27M +1,753,236 +48.9%
84 NVS 0.21% 1,431,814 $173M $121.01 $14M -961 -0.1%
85 INTU 0.21% 217,921 $172M $787.63 -$386M -689,854 -76.0%
86 BROS 0.21% 2,509,767 $172M $68.37 $107M +1,460,376 +139.2%
87 EMR 0.21% 1,286,755 $172M $133.33 $91M +548,795 +74.4%
88 SMCI 0.21% 3,437,714 $168M $49.01 $152M +2,944,049 +596.4%
89 DHR 0.20% 844,934 $167M $197.54 -$572M -2,761,062 -76.6%
90 TSCO 0.20% 3,111,311 $164M $52.77 $52M +1,080,549 +53.2%
91 GME 0.20% 6,657,678 $162M $24.39 $129M +5,170,741 +347.7%
92 ROKU 0.19% 1,786,927 $157M $87.89 $7M -342,137 -16.1%
93 PAYX 0.19% 1,078,328 $157M $145.46 $97M +692,533 +179.5%
94 DRI 0.19% 706,416 $154M $217.97 $138M +629,669 +820.5%
95 ADP 0.19% 498,333 $154M $308.40 $88M +282,020 +130.4%
96 TMO 0.18% 371,630 $151M $405.46 +371,630 NEW
97 WM 0.18% 657,575 $150M $228.82 $56M +248,383 +60.7%
98 UNP 0.18% 641,620 $148M $230.08 $86M +381,633 +146.8%
99 HEI 0.18% 447,374 $147M $328.00 $41M +51,056 +12.9%
100 PDD 0.18% 1,401,541 $147M $104.66 $12M +265,424 +23.4%

Options Breakdown

82 Calls $939M Call Value 114 Puts $3.7B Put Value 3.98 P/C Ratio

Top Calls

SymbolSharesValueStatus
SMH 518,800 $145M
QQQ 190,300 $105M
IWM 473,700 $102M
SPY 135,000 $83M
EFA 871,200 $78M
SOXX 265,500 $63M
EEM 925,800 $45M
NVDA 212,600 $34M
GLD 82,600 $25M
MU 201,500 $25M

Top Puts

SymbolSharesValueStatus
SMH 1,789,900 $499M
GLD 1,248,300 $381M
UNH 544,000 $170M
AAPL 764,800 $157M NEW
NKE 2,038,700 $145M
TSLA 430,200 $137M
NVDA 654,400 $103M
XLI 700,000 $103M NEW
AXP 320,000 $102M NEW
EFA 1,141,100 $102M

New Positions

SymbolValue% Port
CRCL $1.5B 1.89%
FI $357M 0.44%
T $235M 0.29%
MSI $231M 0.28%
CI $225M 0.28%
TMO $151M 0.18%
APH $118M 0.15%
ELF $118M 0.14%
KLAC $103M 0.13%
SQ $103M 0.13%
TSM $83M 0.10%
INCY $82M 0.10%
PBR $73M 0.09%
CFG $67M 0.08%
GD $67M 0.08%

Sold Out Positions

SymbolValue% Port
ABT —%
AHRT —%
ALB —%
APAM —%
IBP —%
ATR —%
EVC —%
CB —%
CSV —%
ARMK —%
AIZ —%
ASX —%
EMN —%
FLR —%
YETI —%
View SEC EDGAR Filings for MARSHALL WACE, LLP →

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