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

MARSHALL WACE, LLP

Q4 2025 · Filed 2026-02-13
Market Value
$101.4B
+14.6%
Holdings
2,932
+18
New Purchases
641
Added To
843
Closed
588
Reduced
844
Top 10 Concentration
38.2%
Turnover
41.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VOO 2.83% 0.00% +2.83% $2.9B
LLY 1.28% 0.14% +1.14% $1.3B
IVV 21.92% 20.82% +1.09% $22.2B
KO 0.73% 0.06% +0.67% $744M
AVGO 1.14% 0.61% +0.54% $1.2B
BMY 0.58% 0.08% +0.50% $585M
UNH 0.55% 0.09% +0.47% $563M
GOOGL 1.06% 0.63% +0.43% $1.1B
LULU 0.49% 0.08% +0.41% $493M
TSM 0.51% 0.11% +0.40% $519M
SPOT 0.47% 0.07% +0.40% $476M
AAL 0.39% 0.04% +0.35% $398M
UBER 0.54% 0.19% +0.34% $547M
COST 0.44% 0.10% +0.34% $442M
MRK 0.41% 0.08% +0.33% $418M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 1.79% 3.81% -2.02% $1.8B
AAPL 1.78% 3.11% -1.33% $1.8B
NFLX 0.10% 1.01% -0.90% $106M
BSX 0.28% 1.08% -0.80% $282M
ABC 0.05% 0.70% -0.65% $52M
BA 0.19% 0.65% -0.46% $191M
CRCL 0.78% 1.21% -0.43% $791M
SE 0.04% 0.40% -0.36% $39M
IBM 0.01% 0.34% -0.34% $9M
CVS 0.00% 0.31% -0.31% $1M
CPNG 0.20% 0.50% -0.30% $204M
BAC 0.27% 0.56% -0.29% $276M
CRH.L 0.08% 0.33% -0.26% $76M
META 1.00% 1.25% -0.25% $1.0B
TXN 0.07% 0.32% -0.25% $73M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 67 $51.5B 50.7%
Large Cap 763 $37.4B 36.8%
Mid Cap 835 $9.3B 9.2%
Small Cap 838 $2.9B 2.9%
Micro Cap 429 $391M 0.4%

Portfolio Analytics

Avg Market Cap
$32.6B
Median Market Cap
$3.0B
Avg P/E
32.9
Median P/E
20.3
Avg Dividend Yield
0.02%
Avg Beta
1.07
# Stocks
2,799
# ETFs / Funds
133

Top Holdings (2,932 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 21.92% 32,452,900 $22.2B $684.94 $3.8B +4,928,585 +17.9%
2 VOO 2.83% 4,580,704 $2.9B $627.13 +4,580,704 NEW
3 AMZN 2.73% 11,993,681 $2.8B $230.82 $440M +1,387,752 +13.1%
4 NVDA 2.66% 14,457,057 $2.7B $186.55 $390M +2,092,341 +16.9%
5 MSFT 1.79% 3,750,845 $1.8B $483.62 -$1.6B -2,750,270 -42.3%
6 AAPL 1.78% 6,657,719 $1.8B $271.86 -$944M -4,156,014 -38.4%
7 LLY 1.28% 1,208,336 $1.3B $1,074.68 $1.2B +1,045,251 +640.9%
8 AVGO 1.14% 3,349,145 $1.2B $346.10 $623M +1,723,735 +106.0%
9 GOOGL 1.06% 3,438,164 $1.1B $313.00 $515M +1,128,149 +48.8%
10 AMD 1.00% 4,742,103 $1.0B $214.16 $195M -331,439 -6.5%
11 META 1.00% 1,538,057 $1.0B $660.09 -$95M +26,560 +1.8%
12 WMT 0.98% 8,889,085 $990M $111.41 $205M +1,272,861 +16.7%
13 TSLA 0.85% 1,907,023 $858M $449.72 $47M +83,193 +4.6%
14 GOOG 0.84% 2,716,442 $852M $313.80 $377M +763,782 +39.1%
15 CRCL 0.78% 9,978,729 $791M $79.30 -$277M +1,919,205 +23.8%
16 JNJ 0.75% 3,668,263 $759M $206.95 $95M +84,101 +2.4%
17 KO 0.73% 10,641,007 $744M $69.91 $690M +9,826,768 +1206.9%
18 DASH 0.67% 3,006,774 $681M $226.48 $130M +981,114 +48.4%
19 MELI 0.62% 311,818 $628M $2,014.26 $359M +196,522 +170.4%
20 BMY 0.58% 10,844,270 $585M $53.94 $516M +9,310,682 +607.1%
21 UNH 0.55% 1,704,138 $563M $330.11 $487M +1,484,817 +677.0%
22 HLT 0.55% 1,945,768 $559M $287.25 $293M +919,778 +89.7%
23 TMO 0.54% 953,828 $553M $579.45 $308M +448,365 +88.7%
24 UBER 0.54% 6,693,412 $547M $81.71 $375M +4,936,146 +280.9%
25 NU 0.52% 31,476,485 $527M $16.74 $60M +2,334,980 +8.0%
26 TSM 0.51% 1,707,306 $519M $303.89 $423M +1,364,257 +397.7%
27 PDD 0.50% 4,512,664 $512M $113.39 $201M +2,158,500 +91.7%
28 EW 0.50% 5,925,627 $505M $85.25 $228M +2,359,128 +66.2%
29 LULU 0.49% 2,370,336 $493M $207.81 $424M +1,986,698 +517.9%
30 SPOT 0.47% 818,942 $476M $580.71 $414M +730,981 +831.0%
31 INTC 0.44% 12,164,508 $449M $36.90 $161M +3,586,408 +41.8%
32 COST 0.44% 512,030 $442M $862.34 $357M +420,985 +462.4%
33 VRT 0.43% 2,670,007 $433M $162.01 $322M +1,939,749 +265.6%
34 MRK 0.41% 3,969,469 $418M $105.26 $344M +3,085,569 +349.1%
35 PLTR 0.39% 2,248,655 $400M $177.75 $6M +89,500 +4.2%
36 AAL 0.39% 25,969,286 $398M $15.33 $363M +22,820,829 +724.8%
37 USB 0.37% 7,017,658 $374M $53.36 -$93M -2,658,144 -27.5%
38 REGN 0.36% 478,551 $369M $771.87 $152M +91,667 +23.7%
39 RBLX 0.36% 4,489,518 $364M $81.03 -$112M +1,054,728 +30.7%
40 GRAB 0.36% 72,453,397 $362M $4.99 $69M +23,891,108 +49.2%
41 PANW 0.35% 1,943,109 $358M $184.20 $9M +229,141 +13.4%
42 SNPS 0.35% 755,948 $355M $469.72 $224M +489,952 +184.2%
43 KHC 0.33% 13,908,632 $337M $24.25 $233M +9,897,184 +246.7%
44 FIVE 0.33% 1,785,169 $336M $188.36 $158M +630,910 +54.7%
45 AFRM 0.32% 4,333,752 $323M $74.43 -$4M -132,772 -3.0%
46 PFE 0.31% 12,661,914 $315M $24.90 $137M +5,682,612 +81.4%
47 V 0.31% 896,621 $314M $350.71 $310M +883,539 +6753.9%
48 MS 0.30% 1,733,867 $308M $177.53 -$159M -1,199,737 -40.9%
49 SHOP 0.30% 1,899,719 $306M $160.97 $202M +1,202,507 +172.5%
50 COF 0.30% 1,253,029 $304M $242.36 -$162M -935,965 -42.8%
51 GEV 0.29% 446,322 $292M $653.57 $281M +428,233 +2367.4%
52 ULTA 0.29% 478,657 $290M $605.01 $41M +24,451 +5.4%
53 SCHW 0.28% 2,866,021 $286M $99.91 $135M +1,277,598 +80.4%
54 OTIS 0.28% 3,252,137 $284M $87.35 $4M +183,856 +6.0%
55 BDX 0.28% 1,456,912 $283M $194.07 $282M +1,453,609 +44008.8%
56 BSX 0.28% 2,957,237 $282M $95.35 -$675M -6,841,803 -69.8%
57 AMAT 0.27% 1,076,488 $277M $256.99 $246M +927,932 +624.6%
58 BAC 0.27% 5,026,105 $276M $55.00 -$219M -4,576,965 -47.7%
59 RDDT 0.27% 1,190,543 $274M $229.87 $74M +320,722 +36.9%
60 F-PD 0.27% 20,666,317 $271M $13.12 -$153M -14,772,405 -41.7%
61 HON 0.26% 1,367,951 $267M $195.09 -$122M -477,081 -25.9%
62 TCOM 0.25% 3,485,052 $251M $71.91 $180M +2,545,816 +271.1%
63 MO 0.24% 4,283,130 $247M $57.66 -$49M -196,569 -4.4%
64 CRM 0.24% 932,102 $247M $264.91 $20M -26,215 -2.7%
65 SNDK 0.23% 1,003,700 $238M $237.38 $151M +227,857 +29.4%
66 RKT 0.22% 11,763,369 $228M $19.36 $198M +10,229,395 +666.9%
67 ROST 0.22% 1,245,016 $224M $180.14 -$53M -571,747 -31.5%
68 DG 0.22% 1,685,870 $224M $132.77 $19M -291,332 -14.7%
69 WAT 0.22% 581,063 $221M $379.83 $211M +547,109 +1611.3%
70 MCD 0.22% 715,995 $219M $305.63 -$33M -111,552 -13.5%
71 ALNY 0.22% 549,922 $219M $397.65 -$13M +41,551 +8.2%
72 EL 0.21% 2,075,949 $217M $104.72 $8M -296,030 -12.5%
73 DB 0.21% 5,518,473 $214M $38.84 $208M +5,330,513 +2836.0%
74 MU 0.20% 722,416 $206M $285.41 $159M +442,420 +158.0%
75 IBKR 0.20% 3,204,247 $206M $64.31 -$34M -280,304 -8.0%
76 CPNG 0.20% 8,640,896 $204M $23.59 -$239M -5,110,730 -37.2%
77 MDB 0.20% 479,500 $201M $419.69 $117M +208,230 +76.8%
78 CVX 0.19% 1,286,429 $196M $152.41 -$101M -624,996 -32.7%
79 CAH 0.19% 951,259 $195M $205.50 $185M +884,648 +1328.1%
80 HSY 0.19% 1,057,476 $192M $181.98 $162M +893,940 +546.6%
81 BA 0.19% 879,756 $191M $217.12 -$381M -1,769,616 -66.8%
82 MNST 0.19% 2,485,252 $191M $76.67 -$36M -879,972 -26.1%
83 BROS 0.19% 3,098,288 $190M $61.22 $49M +407,528 +15.2%
84 EBAY 0.19% 2,161,460 $188M $87.10 $111M +1,308,454 +153.4%
85 TOST 0.19% 5,292,568 $188M $35.51 $2M +198,783 +3.9%
86 HD 0.18% 543,103 $187M $344.10 $37M +173,882 +47.1%
87 FCX 0.18% 3,636,150 $185M $50.79 $177M +3,440,472 +1758.2%
88 CRDO 0.17% 1,226,503 $176M $143.89 $9M +76,503 +6.7%
89 BRK-B 0.17% 351,061 $176M $502.65 $15M +29,678 +9.2%
90 NEE 0.17% 2,192,515 $176M $80.28 $174M +2,165,516 +8020.7%
91 SOFI 0.17% 6,650,744 $174M $26.18 $137M +5,244,291 +372.9%
92 IBIT 0.17% 3,447,749 $171M $49.65 $64M +1,802,259 +109.5%
93 FDS 0.17% 581,409 $169M $290.19 $141M +482,980 +490.7%
94 0HQN.L 0.17% 667,747 $168M $251.00 $61M +231,244 +53.0%
95 STLA 0.17% 15,145,245 $167M $11.06 $136M +11,803,688 +353.2%
96 KMB 0.16% 1,654,766 $167M $100.89 $29M +547,126 +49.4%
97 DE 0.16% 355,466 $165M $465.57 $111M +236,920 +199.8%
98 NOW 0.16% 1,063,479 $163M $153.19 -$13M +872,448 +456.7%
99 BILL 0.16% 2,958,096 $161M $54.54 $47M +791,197 +36.5%
100 SF 0.16% 1,284,806 $161M $125.22 $64M +433,341 +50.9%

Options Breakdown

223 Calls $1.3B Call Value 270 Puts $4.8B Put Value 3.68 P/C Ratio

Top Calls

SymbolSharesValueStatus
XLV 1,410,600 $218M
GLD 339,400 $135M
SMH 303,000 $109M
SLV 1,666,800 $107M
SPY 146,000 $100M
QQQ 133,200 $82M
EWZ 1,361,100 $43M
EEM 757,100 $41M
IWM 150,000 $37M
GOOGL 116,000 $36M NEW

Top Puts

SymbolSharesValueStatus
SMH 1,819,800 $655M
SLV 4,614,000 $297M
GLD 745,300 $295M
SPY 396,500 $270M
IWM 773,400 $190M
QQQ 309,000 $190M
GS 166,400 $146M
LRCX 794,100 $136M
NFLX 1,300,000 $122M
NVDA 650,600 $121M

New Positions

SymbolValue% Port
VOO $2.9B 2.83%
CSCO $153M 0.15%
CART $126M 0.12%
PG $111M 0.11%
CMG $109M 0.11%
WFC $93M 0.09%
MCK $86M 0.08%
SBUX $86M 0.08%
UBS $85M 0.08%
CL $84M 0.08%
RCUS $81M 0.08%
AVB $76M 0.08%
JLL $75M 0.07%
TSEM $73M 0.07%
DT $71M 0.07%

Sold Out Positions

SymbolValue% Port
EQBK —%
BKKT —%
YUM —%
EVC —%
ATEN —%
ACI —%
CB —%
CSV —%
GNK —%
MANU —%
ARES —%
ACRE —%
OC —%
HMC —%
TSLX —%
View SEC EDGAR Filings for MARSHALL WACE, LLP →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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