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

MARSHALL WACE, LLP

Q3 2025 · Filed 2025-11-13
Market Value
$88.5B
+8.4%
Holdings
2,914
-16
New Purchases
590
Added To
823
Closed
623
Reduced
859
Top 10 Concentration
38.5%
Turnover
41.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IVV 20.82% 16.29% +4.53% $18.4B
AAPL 3.11% 2.51% +0.60% $2.8B
ABC 0.70% 0.12% +0.59% $624M
MSFT 3.81% 3.30% +0.51% $3.4B
BAC 0.56% 0.07% +0.49% $495M
WMT 0.89% 0.42% +0.47% $785M
JNJ 0.75% 0.30% +0.45% $665M
NFLX 1.01% 0.61% +0.40% $890M
PANW 0.39% 0.00% +0.39% $349M
IBM 0.34% 0.00% +0.34% $305M
TXN 0.32% 0.00% +0.32% $282M
ROST 0.31% 0.01% +0.30% $277M
MCD 0.28% 0.00% +0.28% $251M
NU 0.53% 0.25% +0.28% $467M
BA 0.65% 0.37% +0.28% $572M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LLY 0.14% 0.89% -0.75% $124M
CRCL 1.21% 1.89% -0.69% $1.1B
AMZN 2.63% 3.17% -0.54% $2.3B
GOOGL 0.63% 1.15% -0.52% $562M
DE 0.06% 0.52% -0.46% $54M
LMT 0.06% 0.52% -0.46% $50M
GOOG 0.54% 0.94% -0.41% $476M
CAH 0.01% 0.40% -0.39% $10M
AMD 0.93% 1.31% -0.38% $821M
MELI 0.30% 0.66% -0.36% $269M
UNH 0.09% 0.44% -0.36% $76M
CRM 0.26% 0.61% -0.35% $227M
CRH.L 0.33% 0.68% -0.35% $293M
EW 0.31% 0.66% -0.35% $277M
CAT 0.02% 0.36% -0.34% $21M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 66 $41.4B 46.8%
Large Cap 763 $34.9B 39.5%
Mid Cap 847 $8.5B 9.6%
Small Cap 842 $3.2B 3.7%
Micro Cap 396 $404M 0.5%

Portfolio Analytics

Avg Market Cap
$32.3B
Median Market Cap
$3.0B
Avg P/E
33.0
Median P/E
20.2
Avg Dividend Yield
0.02%
Avg Beta
1.07
# Stocks
2,748
# ETFs / Funds
166

Top Holdings (2,914 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 20.82% 27,524,315 $18.4B $669.30 $5.1B +6,101,936 +28.5%
2 MSFT 3.81% 6,501,115 $3.4B $517.95 $676M +1,090,865 +20.2%
3 AAPL 3.11% 10,813,733 $2.8B $254.63 $704M +822,086 +8.2%
4 AMZN 2.63% 10,605,929 $2.3B $219.57 -$258M -1,182,513 -10.0%
5 NVDA 2.61% 12,364,716 $2.3B $186.57 $217M -863,074 -6.5%
6 META 1.25% 1,511,497 $1.1B $734.38 $253M +350,303 +30.2%
7 CRCL 1.21% 8,059,524 $1.1B $132.58 -$479M -474,946 -5.6%
8 BSX 1.08% 9,799,040 $957M $97.63 $151M +2,301,383 +30.7%
9 NFLX 1.01% 742,046 $890M $1,198.92 $392M +370,173 +99.5%
10 AMD 0.93% 5,073,542 $821M $161.79 -$246M -2,446,090 -32.5%
11 TSLA 0.92% 1,823,830 $811M $444.72 $149M -261,393 -12.5%
12 WMT 0.89% 7,616,224 $785M $103.06 $441M +4,099,988 +116.6%
13 JNJ 0.75% 3,584,162 $665M $185.42 $423M +2,000,609 +126.3%
14 ABC 0.70% 1,995,118 $624M $312.53 $527M +1,672,762 +518.9%
15 BA 0.65% 2,649,372 $572M $215.83 $271M +1,213,434 +84.5%
16 GOOGL 0.63% 2,310,015 $562M $243.10 -$380M -3,034,994 -56.8%
17 DASH 0.62% 2,025,660 $551M $271.99 $148M +392,048 +24.0%
18 AVGO 0.61% 1,625,410 $536M $329.91 $189M +365,392 +29.0%
19 BAC 0.56% 9,603,070 $495M $51.59 $439M +8,420,950 +712.4%
20 RBLX 0.54% 3,434,790 $476M $138.52 -$84M -1,885,107 -35.4%
21 GOOG 0.54% 1,952,660 $476M $243.55 -$294M -2,387,406 -55.0%
22 USB 0.53% 9,675,802 $468M $48.33 $25M -105,261 -1.1%
23 NU 0.53% 29,141,505 $467M $16.01 $265M +14,449,834 +98.3%
24 MS 0.53% 2,933,604 $466M $158.96 $172M +841,263 +40.2%
25 COF 0.53% 2,188,994 $465M $212.58 -$52M -240,462 -9.9%
26 CPNG 0.50% 13,751,626 $443M $32.20 $252M +7,391,387 +116.2%
27 F-PD 0.48% 35,438,722 $424M $11.96 $211M +15,866,285 +81.1%
28 PLTR 0.45% 2,159,155 $394M $182.42 -$163M -1,924,076 -47.1%
29 HON 0.44% 1,845,032 $388M $210.50 $202M +1,042,972 +130.0%
30 SE 0.40% 1,964,858 $351M $178.73 $170M +832,156 +73.5%
31 PANW 0.39% 1,713,968 $349M $203.62 $347M +1,705,568 +20304.4%
32 AFRM 0.37% 4,466,524 $326M $73.08 $225M +2,993,490 +203.2%
33 RACE 0.36% 654,866 $317M $483.78 -$161M -322,448 -33.0%
34 PDD 0.35% 2,354,164 $311M $132.17 $164M +952,623 +68.0%
35 IBM 0.34% 1,079,641 $305M $282.16 +1,079,641 NEW
36 CVX 0.34% 1,911,425 $297M $155.29 $77M +376,850 +24.6%
37 MO 0.33% 4,479,699 $296M $66.06 $228M +3,321,262 +286.7%
38 ABBV 0.33% 1,277,167 $296M $231.54 $40M -102,168 -7.4%
39 CRH.L 0.33% 2,441,919 $293M $119.90 -$261M -3,589,984 -59.5%
40 GRAB 0.33% 48,562,289 $292M $6.02 $31M -3,380,361 -6.5%
41 TMUS 0.33% 1,215,804 $291M $239.38 -$137M -581,282 -32.4%
42 INTC 0.33% 8,578,100 $288M $33.55 $27M -3,076,826 -26.4%
43 TXN 0.32% 1,537,539 $282M $183.73 +1,537,539 NEW
44 OTIS 0.32% 3,068,281 $281M $91.43 -$1M +223,757 +7.9%
45 EW 0.31% 3,566,499 $277M $77.77 -$262M -3,329,080 -48.3%
46 ROST 0.31% 1,816,763 $277M $152.39 $265M +1,726,324 +1908.8%
47 CVS 0.31% 3,664,700 $276M $75.39 $157M +1,930,505 +111.3%
48 MELI 0.30% 115,296 $269M $2,336.94 -$269M -90,823 -44.1%
49 HLT 0.30% 1,025,990 $266M $259.44 -$2M +18,265 +1.8%
50 MCD 0.28% 827,547 $251M $303.89 +827,547 NEW
51 ULTA 0.28% 454,206 $248M $546.75 -$58M -200,392 -30.6%
52 TTWO 0.28% 959,261 $248M $258.36 -$29M -182,136 -16.0%
53 TMO 0.28% 505,463 $245M $485.02 $94M +133,833 +36.0%
54 AEP 0.28% 2,177,718 $245M $112.50 $49M +287,541 +15.2%
55 IBKR 0.27% 3,484,551 $240M $68.81 -$60M -1,930,819 -35.6%
56 ALNY 0.26% 508,371 $232M $456.00 $154M +269,798 +113.1%
57 CRM 0.26% 958,317 $227M $237.00 -$272M -870,687 -47.6%
58 MNST 0.26% 3,365,224 $227M $67.31 $94M +1,243,466 +58.6%
59 REGN 0.25% 386,884 $218M $562.27 $92M +146,975 +61.3%
60 PINS 0.24% 6,601,235 $212M $32.17 -$54M -815,282 -11.0%
61 GILD 0.24% 1,901,480 $211M $111.00 -$5M -49,333 -2.5%
62 TSCO 0.24% 3,710,290 $211M $56.87 $47M +598,979 +19.2%
63 XOM 0.24% 1,871,207 $211M $112.75 $211M +1,869,253 +95662.9%
64 EL 0.24% 2,371,979 $209M $88.12 $29M +149,011 +6.7%
65 DG 0.23% 1,977,202 $204M $103.35 $7M +251,719 +14.6%
66 A 0.23% 1,591,891 $204M $128.35 $26M +80,768 +5.3%
67 RDDT 0.23% 869,821 $200M $229.99 $94M +167,266 +23.8%
68 SO 0.22% 2,050,726 $194M $94.77 -$83M -970,169 -32.1%
69 SYY 0.22% 2,359,471 $194M $82.34 $106M +1,194,815 +102.6%
70 TEAM 0.22% 1,216,261 $194M $159.70 $17M +345,394 +39.7%
71 TOST 0.21% 5,093,785 $186M $36.51 -$163M -2,793,624 -35.4%
72 SFM 0.21% 1,690,546 $184M $108.80 -$197M -624,119 -27.0%
73 FOX 0.21% 3,184,642 $182M $57.29 $164M +2,827,768 +792.4%
74 LH 0.20% 623,550 $179M $287.06 $88M +275,454 +79.1%
75 FIVE 0.20% 1,154,259 $179M $154.70 $42M +114,711 +11.0%
76 PFE 0.20% 6,979,302 $178M $25.48 $167M +6,531,391 +1458.2%
77 ORCL 0.20% 630,274 $177M $281.24 $36M -16,970 -2.6%
78 ISRG 0.20% 395,774 $177M $447.23 $98M +249,840 +171.2%
79 URI 0.20% 184,541 $176M $954.66 $63M +34,284 +22.8%
80 NOW 0.20% 191,031 $176M $920.28 $80M +97,543 +104.3%
81 UBER 0.19% 1,757,266 $172M $97.97 -$141M -1,595,027 -47.6%
82 CRDO 0.19% 1,150,000 $167M $145.61 $163M +1,106,401 +2537.7%
83 FI 0.19% 1,282,937 $165M $128.93 -$191M -785,638 -38.0%
84 BRK-B 0.18% 321,383 $162M $502.74 $47M +86,251 +36.7%
85 SCHW 0.17% 1,588,423 $152M $95.47 -$34M -443,455 -21.8%
86 FE 0.17% 3,275,409 $150M $45.82 $92M +1,841,946 +128.5%
87 NVS 0.17% 1,168,757 $150M $128.24 -$23M -263,057 -18.4%
88 HD 0.17% 369,221 $150M $405.19 -$30M -120,326 -24.6%
89 SQ 0.17% 2,038,266 $147M $72.27 $45M +525,837 +34.8%
90 ARES 0.16% 912,656 $146M $159.89 $119M +757,293 +487.4%
91 GME 0.16% 5,261,157 $144M $27.28 -$19M -1,396,521 -21.0%
92 FUTU 0.16% 822,864 $143M $173.91 $130M +719,935 +699.5%
93 EXR 0.16% 1,010,699 $142M $140.94 -$75M -466,705 -31.6%
94 ED 0.16% 1,416,678 $142M $100.52 -$60M -598,755 -29.7%
95 ROKU 0.16% 1,409,334 $141M $100.13 -$16M -377,593 -21.1%
96 BROS 0.16% 2,690,760 $141M $52.34 -$31M +180,993 +7.2%
97 STZ 0.16% 1,029,651 $139M $134.67 $128M +965,745 +1511.2%
98 TJX 0.16% 958,240 $139M $144.54 $135M +931,058 +3425.3%
99 KMB 0.16% 1,107,640 $138M $124.34 $105M +851,024 +331.6%
100 FERG 0.16% 612,044 $137M $224.58 $79M +343,552 +128.0%

Options Breakdown

174 Calls $1.1B Call Value 240 Puts $6.5B Put Value 5.88 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 228,300 $152M
SMH 442,500 $144M
QQQ 136,300 $82M
SLV 1,499,900 $64M
IWM 227,200 $55M
GLD 147,600 $52M
EFA 521,400 $49M
GDX 561,200 $43M NEW
EEM 769,600 $41M
SOXX 128,900 $35M

Top Puts

SymbolSharesValueStatus
SMH 1,977,700 $645M
NKE 4,263,200 $297M
COIN 775,000 $262M
SPY 390,700 $260M
AXP 526,400 $175M
XLV 1,186,600 $165M
ADBE 456,800 $161M
GDX 2,098,700 $160M
NVDA 854,300 $159M
QQQ 247,400 $149M

New Positions

SymbolValue% Port
IBM $305M 0.34%
TXN $282M 0.32%
MCD $251M 0.28%
MPWR $122M 0.14%
XLY $112M 0.13%
VRT $110M 0.12%
CRWV $110M 0.12%
0HQN.L $107M 0.12%
WBD $100M 0.11%
EWW $99M 0.11%
SPLG $92M 0.10%
YUM $87M 0.10%
DPZ $81M 0.09%
EBAY $78M 0.09%
CNC $75M 0.08%

Sold Out Positions

SymbolValue% Port
T —%
UAMY —%
NVT —%
MEC —%
MC —%
MTDR —%
HLI —%
CDE —%
BEN —%
SLGN —%
M —%
AMT —%
CMG —%
INN —%
IVZ —%
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