Business · Investing
Funds and their picks
Every investment manager with $100 million or more in U.S. stocks files what it owns with the SEC each quarter. Here's what they hold, and how their picks did against the market.1
Managers8,523
U.S. stocks they hold$72.1T
QuarterJune 30, 2026
S&P 500, last year+20.9%
Returns are for disclosed stock picks: each quarter's holdings valued at the next quarter's prices, from the filings themselves. They miss trades inside the quarter, shorts, options, cash and fees, so they aren't what clients earned.
Best stock pickers
Managers with $1 billion or more in U.S. stocks, by the return on their disclosed picks.
| Manager | Return | Vs. S&P 500 (+20.9%) |
|---|---|---|
| Nextech Invest Ltd.$2.1B · 15 holdings | +308.5% | +287.7% |
| Octagon Capital Advisors LP$1.1B · 26 holdings | +219.2% | +198.3% |
| Fairmount Funds Management LLC$1.5B · 12 holdings | +217.1% | +196.2% |
| Venrock Adviser, LLC$3.3B · 33 holdings | +209.5% | +188.6% |
| TCG Crossover Management, LLC$4.2B · 54 holdings | +204.4% | +183.5% |
| FengHe Fund Management Pte. Ltd.$1.1B · 18 holdings | +196.2% | +175.4% |
| Boxer Capital Management, LLC$1.3B · 63 holdings | +181.0% | +160.1% |
| Commodore Capital LP$1.7B · 33 holdings | +176.6% | +155.7% |
| Caligan Partners LP$2.1B · 25 holdings | +172.6% | +151.7% |
| Analog Century Management LP$2.7B · 25 holdings | +169.0% | +148.2% |
| Value Aligned Research Advisors, LLC$16.7B · 59 holdings | +168.2% | +147.4% |
| Amanah Holdings Trust$1.7B · 20 holdings | +166.0% | +145.2% |
| Mpm Bioimpact LLC$1.6B · 37 holdings | +143.5% | +122.6% |
| Kynam Capital Management, LP$1.8B · 32 holdings | +141.4% | +120.5% |
| QVT Financial LP$1.5B · 70 holdings | +140.9% | +120.0% |
| Maple Rock Capital Partners Inc.$5.1B · 51 holdings | +140.2% | +119.3% |
| Apis Capital Advisors, LLC$1.0B · 60 holdings | +136.6% | +115.8% |
| Gendell Jeffrey L$11.1B · 103 holdings | +135.6% | +114.8% |
| ARCH Venture Management, LLC$1.1B · 12 holdings | +131.9% | +111.0% |
| Logos Global Management LP$2.3B · 68 holdings | +130.1% | +109.2% |
| Madison Avenue Partners, LP$2.3B · 25 holdings | +128.7% | +107.8% |
| Opaleye Management Inc.$1.1B · 58 holdings | +127.8% | +107.0% |
| Vestal Point Capital, LP$4.3B · 68 holdings | +124.5% | +103.7% |
| Bain Capital Life Sciences Investors, LLC$1.7B · 21 holdings | +122.7% | +101.8% |
| Slate Path Capital LP$7.2B · 40 holdings | +121.8% | +101.0% |
| Manager | Return | Vs. S&P 500 (+68.5%) |
|---|---|---|
| FengHe Fund Management Pte. Ltd.$1.1B · 18 holdings | +607.0% | +538.6% |
| Gendell Jeffrey L$11.1B · 103 holdings | +560.4% | +491.9% |
| Spruce House Investment Management LLC$3.4B · 11 holdings | +544.0% | +475.6% |
| Value Aligned Research Advisors, LLC$16.7B · 59 holdings | +382.8% | +314.3% |
| Thrive Capital Management, LLC$3.8B · 5 holdings | +366.5% | +298.1% |
| Donor Advised Charitable Giving, Inc.$4.5B · 32 holdings | +362.2% | +293.7% |
| WT Asset Management Ltd$5.0B · 24 holdings | +360.1% | +291.6% |
| Analog Century Management LP$2.7B · 25 holdings | +360.0% | +291.6% |
| CAS Investment Partners, LLC$1.9B · 6 holdings | +325.0% | +256.6% |
| Fairmount Funds Management LLC$1.5B · 12 holdings | +301.7% | +233.2% |
| CloudAlpha Capital Management Limited/Hong Kong$1.0B · 24 holdings | +285.7% | +217.2% |
| BIT Capital GmbH$2.9B · 82 holdings | +283.5% | +215.0% |
| Greenoaks LLC$2.4B · 10 holdings | +279.2% | +210.7% |
| Slate Path Capital LP$7.2B · 40 holdings | +275.0% | +206.5% |
| Whale Rock Capital Management LLC$12.5B · 35 holdings | +274.0% | +205.5% |
| Kohlberg Kravis Roberts & Co. L.P.$5.5B · 17 holdings | +261.4% | +192.9% |
| Peconic Partners LLC$7.5B · 7 holdings | +257.3% | +188.8% |
| Venrock Adviser, LLC$3.3B · 33 holdings | +242.3% | +173.9% |
| Helikon Investments Ltd$3.3B · 18 holdings | +240.4% | +172.0% |
| Tao Capital Management LP$1.9B · 6 holdings | +238.8% | +170.4% |
| Commodore Capital LP$1.7B · 33 holdings | +234.5% | +166.0% |
| Madison Avenue Partners, LP$2.3B · 25 holdings | +231.8% | +163.3% |
| Jericho Capital Asset Management L.P.$12.1B · 29 holdings | +229.2% | +160.7% |
| Maple Rock Capital Partners Inc.$5.1B · 51 holdings | +219.1% | +150.7% |
| Opaleye Management Inc.$1.1B · 58 holdings | +207.5% | +139.1% |
| Manager | Return | Vs. S&P 500 (+74.5%) |
|---|---|---|
| FengHe Fund Management Pte. Ltd.$1.1B · 18 holdings | +1005.4% | +931.0% |
| Gendell Jeffrey L$11.1B · 103 holdings | +736.8% | +662.4% |
| Donor Advised Charitable Giving, Inc.$4.5B · 32 holdings | +715.5% | +641.1% |
| Peconic Partners LLC$7.5B · 7 holdings | +525.3% | +450.9% |
| Analog Century Management LP$2.7B · 25 holdings | +482.5% | +408.0% |
| Lilly Endowment Inc$108.4B · 1 holdings | +422.6% | +348.1% |
| WT Asset Management Ltd$5.0B · 24 holdings | +370.2% | +295.8% |
| Fairmount Funds Management LLC$1.5B · 12 holdings | +365.7% | +291.2% |
| Helikon Investments Ltd$3.3B · 18 holdings | +334.6% | +260.1% |
| Commodore Capital LP$1.7B · 33 holdings | +299.8% | +225.3% |
| Kopernik Global Investors, LLC$1.6B · 26 holdings | +289.1% | +214.6% |
| Slate Path Capital LP$7.2B · 40 holdings | +231.2% | +156.8% |
| Lingotto Investment Management LLP$4.6B · 31 holdings | +217.4% | +143.0% |
| Shannon River Fund Management LLC$1.1B · 37 holdings | +197.8% | +123.3% |
| Donald Smith & Co., Inc.$5.6B · 66 holdings | +191.5% | +117.0% |
| Atalan Capital Partners, LP$1.6B · 9 holdings | +180.2% | +105.7% |
| Merewether Investment Management, LP$5.3B · 81 holdings | +180.2% | +105.7% |
| Maple Rock Capital Partners Inc.$5.1B · 51 holdings | +179.7% | +105.3% |
| QVT Financial LP$1.5B · 70 holdings | +178.5% | +104.1% |
| SG Capital Management LLC$1.1B · 76 holdings | +172.9% | +98.4% |
| Whale Rock Capital Management LLC$12.5B · 35 holdings | +169.5% | +95.0% |
| Texas Yale Capital Corp.$4.6B · 512 holdings | +166.4% | +91.9% |
| Wolf Hill Capital Management, LP$1.0B · 26 holdings | +162.8% | +88.3% |
| L1 Capital Pty Ltd$3.0B · 24 holdings | +159.1% | +84.7% |
| Abrams Bison Investments, LLC$2.0B · 11 holdings | +157.1% | +82.6% |
| Manager | Return | Vs. S&P 500 (+256.5%) |
|---|---|---|
| Gendell Jeffrey L$11.1B · 103 holdings | +2270.1% | +2013.6% |
| Whale Rock Capital Management LLC$12.5B · 35 holdings | +1499.9% | +1243.4% |
| Lilly Endowment Inc$108.4B · 1 holdings | +1423.2% | +1166.7% |
| Slate Path Capital LP$7.2B · 40 holdings | +1069.0% | +812.5% |
| Shannon River Fund Management LLC$1.1B · 37 holdings | +1053.3% | +796.8% |
| Jericho Capital Asset Management L.P.$12.1B · 29 holdings | +887.5% | +631.0% |
| Maple Rock Capital Partners Inc.$5.1B · 51 holdings | +713.1% | +456.6% |
| Sessa Capital IM, L.P.$5.8B · 26 holdings | +710.4% | +453.9% |
| Mitsubishi Ufj Financial Group Inc$78.8B · 1 holdings | +704.6% | +448.1% |
| Summit Partners Public Asset Management, LLC$3.8B · 79 holdings | +680.3% | +423.8% |
| Alta Park Capital, LP$1.1B · 26 holdings | +661.4% | +404.8% |
| SRS Investment Management, LLC$10.7B · 32 holdings | +639.7% | +383.2% |
| Atalan Capital Partners, LP$1.6B · 9 holdings | +638.3% | +381.8% |
| Gladstone Capital Management LLP$1.0B · 40 holdings | +611.1% | +354.6% |
| Dock Street Asset Management Inc$1.1B · 64 holdings | +609.2% | +352.6% |
| SG Capital Management LLC$1.1B · 76 holdings | +554.2% | +297.7% |
| Harvey Partners, LLC$1.4B · 47 holdings | +545.0% | +288.4% |
| Maplelane Capital, LLC$2.4B · 48 holdings | +539.6% | +283.1% |
| Paradigm Capital Management Inc/ny$3.7B · 115 holdings | +532.5% | +276.0% |
| Needham Investment Management LLC$3.3B · 176 holdings | +523.2% | +266.7% |
| Hood River Capital Management LLC$13.8B · 166 holdings | +519.5% | +263.0% |
| Electron Capital Partners, LLC$2.5B · 46 holdings | +511.0% | +254.5% |
| Next Century Growth Investors LLC$1.9B · 113 holdings | +501.6% | +245.1% |
| Opaleye Management Inc.$1.1B · 58 holdings | +501.4% | +244.9% |
| Zevenbergen Capital Investments LLC$4.4B · 109 holdings | +496.1% | +239.6% |
What the best stock pickers own
Among the 50 managers ($1 billion or more) with the best three-year returns, the stocks that are at least 1% of the most portfolios.
| Stock | Top-50 managers holding | They hold |
|---|---|---|
| NVDANVIDIA Corporation | 18 | $9.1B |
| TSMTaiwan Semiconductor Manufactu | 15 | $2.7B |
| SNDKSanDisk Corporation | 14 | $5.7B |
| MUMicron Technology, Inc. | 12 | $5.1B |
| WDCWestern Digital Corporation | 11 | $4.0B |
| AMDAdvanced Micro Devices, Inc. | 11 | $3.1B |
| Seagate Technology Holdings PLCCUSIP G7997R103 | 10 | $4.1B |
| INTCIntel Corporation | 10 | $2.6B |
| AMZNAmazon.com, Inc. | 10 | $2.3B |
| AMATApplied Materials Inc | 9 | $1.7B |
| ALABAstera Labs, Inc. | 8 | $1.9B |
| SPCXSpace Exploration Techn Corp | 7 | $104.1B |
| LRCXLam Research Corporation | 7 | $2.2B |
| Nebius Group N.V. Class ACUSIP N97284108 | 7 | $2.1B |
| LITELumentum Holdings, Inc. | 7 | $2.0B |
Biggest managers
| Manager | U.S. stocks | 1-year return |
|---|---|---|
| BlackRock, Inc. | $6.7T | +18.8% |
| Vanguard Capital Management LLC | $4.7T | – |
| State Street Corp | $3.4T | +18.2% |
| Fmr LLC | $2.3T | +21.1% |
| Vanguard Portfolio Management LLC | $2.2T | – |
| Morgan Stanley | $1.9T | +16.1% |
| Geode Capital Management, LLC | $1.9T | +18.2% |
| Jpmorgan Chase & Co | $1.7T | +14.9% |
| Bank Of America Corp /de/ | $1.6T | +19.6% |
| Invesco Ltd. | $1.3T | +19.5% |
| Norges Bank | $1.0T | – |
| Goldman Sachs Group Inc | $953.1B | +19.5% |
| Northern Trust Corp | $859.8B | +18.3% |
| Capital World Investors | $846.1B | +13.5% |
| Charles Schwab Investment Management Inc | $751.3B | +18.4% |
| Capital Research Global Investors | $716.8B | +15.9% |
| UBS Group AG | $628.8B | +19.4% |
| Bank of New York Mellon Corp | $609.3B | +17.8% |
| Royal Bank Of Canada | $590.3B | +17.8% |
| Wellington Management Group Llp | $579.4B | +16.4% |
Most widely held
| Stock | Managers | Held |
|---|---|---|
| MSFTMicrosoft Corporation | 6,063 | $2.0T |
| AMZNAmazon.com, Inc. | 5,989 | $1.7T |
| AAPLApple Inc. | 5,967 | $2.7T |
| NVDANVIDIA Corporation | 5,825 | $3.2T |
| GOOGLAlphabet Inc. Class A | 5,642 | $1.6T |
| GOOGAlphabet Inc. Class C | 5,110 | $1.1T |
| JPMJPMorgan Chase & Co. | 5,008 | $617.0B |
| METAMeta Platforms, Inc. Class A | 4,948 | $922.0B |
| BRK/BBerkshire Hathaway Inc. Class B | 4,801 | $450.9B |
| AVGOBroadcom Inc. | 4,722 | $1.3T |
| JNJJohnson & Johnson | 4,556 | $442.7B |
| SPYState Str Spdr S&p 500 Etf T | 4,551 | $432.2B |
| LLYEli Lilly and Company | 4,520 | $912.2B |
| VVisa Inc. Class A | 4,464 | $488.2B |
| WMTWalmart Inc. | 4,307 | $328.4B |
| TSLATesla, Inc. | 4,203 | $683.3B |
| COSTCostco Wholesale Corporation | 4,137 | $293.4B |
| ABBVAbbVie, Inc. | 4,118 | $324.3B |
| IVViShares Core S&P 500 | 4,027 | $692.7B |
| CVXChevron Corporation | 4,023 | $237.5B |
Biggest buys last quarter
Net shares bought across all managers, at quarter-end prices.
| Stock | Net bought | New positions |
|---|---|---|
| KLACKLA Corporation | $322.2B | 484 |
| BKNGBooking Holdings Inc | $122.1B | 162 |
| VUGVanguard Index Fds | $118.2B | 227 |
| BRK/ABerkshire Hathaway Inc Del | $104.9B | 41 |
| NVDANVIDIA Corporation | $99.6B | 208 |
| IVViShares Core S&P 500 | $83.0B | 176 |
| IWFiShares Russell 1000 Growth ETF | $72.1B | 135 |
| AMZNAmazon.com, Inc. | $67.3B | 204 |
| AAPLApple Inc. | $67.2B | 101 |
| GOOGAlphabet Inc. Class C | $64.9B | 206 |
| VOVanguard Index Fds | $56.1B | 153 |
| GOOGLAlphabet Inc. Class A | $55.6B | 236 |
| HONHoneywell Technologies Inc. | $53.9B | 1,965 |
| AMDAdvanced Micro Devices, Inc. | $50.9B | 906 |
| MSFTMicrosoft Corporation | $50.8B | 126 |
Biggest sales last quarter
Net shares sold across all managers.
| Stock | Net sold | New positions |
|---|---|---|
| VTIVanguard Index Fds | $68.4B | 176 |
| QUALIshares Tr | $8.0B | 105 |
| IWMiShares Russell 2000 Index ETF | $7.0B | 246 |
| WDCWestern Digital Corporation | $5.4B | 505 |
| EFVIshares Tr | $5.0B | 80 |
| VCLTVanguard Scottsdale Fds | $4.0B | 43 |
| VLUEIshares Tr | $3.7B | 108 |
| LQDIshares Tr | $3.6B | 91 |
| Ishares TrCUSIP 464287955 | $3.5B | 0 |
| DELLDell Technologies, Inc. Class C | $3.5B | 594 |
| CRMSalesforce, Inc. | $3.2B | 147 |
| BILSpdr Series Trust | $3.0B | 105 |
| IGLBIshares 10 Year Investment Gr | $3.0B | 25 |
| CNQCanadian Nat Res Ltd Med Ter | $2.7B | 89 |
| THROBlackrock Etf Trust | $2.4B | 54 |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC: Form 13F data setshttps://www.sec.gov/data-research/sec-markets-data/form-13f-data-setsEvery quarter since 2013 · read October 18, 2026