1y return+140.9%S&P 500 +20.9%
3y return+175.3%S&P 500 +68.5%
5y return+178.5%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2020: $310 against $200 in the S&P 500.2
QVT Financial LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| Roivant Sciences LtdCUSIP G76279101 | $839.6M | 54.4% | −5.7% |
| SPYState Str Spdr S&p 500 Etf T | $71.6M | 4.6% | +1940.8% |
| Okeanis Eco Tankers CorCUSIP Y64177101 | $64.2M | 4.2% | |
| Allot LtdCUSIP M0854Q105 | $49.5M | 3.2% | |
| GSGoldman Sachs Group Inc | $48.8M | 3.2% | −14.2% |
| ATEXAnterix Inc | $39.5M | 2.6% | −23.8% |
| QQQInvesco Qqq Tr | $39.1M | 2.5% | −16.5% |
| NXSTNexstar Media Group Inc | $35.5M | 2.3% | +28.1% |
| BRK/BBerkshire Hathaway Inc Del | $33.6M | 2.2% | +40.0% |
| NNINelnet Inc | $30.9M | 2.0% | |
| AAPLApple Inc | $26.3M | 1.7% | |
| NVDANvidia Corporation | $25.0M | 1.6% | −8.8% |
| NYTNew York Times Co Mtn Be | $22.2M | 1.4% | |
| WHWKWhitehawk Therapeutics Inc | $21.1M | 1.4% | |
| INFQInfleqtion Inc | $15.6M | 1.0% | −6.6% |
| Liberty Latin America LtdCUSIP G9001E128 | $15.2M | 1.0% | +11.4% |
| Real Asset Acquisition CorpCUSIP G73944103 | $15.1M | 1.0% | +83.3% |
| MGNIMagnite Inc | $14.2M | 0.9% | +64.7% |
| MSFTMicrosoft Corp | $14.1M | 0.9% | −17.2% |
| Zura Bio LtdCUSIP G9TY5A101 | $11.2M | 0.7% | +44.6% |
| KMXCarmax Inc | $10.6M | 0.7% | −23.3% |
| Noble Corp PLCCUSIP G65431127 | $7.8M | 0.5% | |
| AVGOBroadcom Inc | $6.3M | 0.4% | −5.9% |
| Radcom LtdCUSIP M81865111 | $6.3M | 0.4% | New |
| JAAAJanus Detroit Str Tr | $6.0M | 0.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GSGoldman Sachs Group Inc | June 30, 2020 | +411.8% | $48.8M |
| ARGXArgenx Se | June 30, 2020 | +311.9% | $4.8M |
| Roivant Sciences LtdCUSIP G76279101 | December 31, 2021 | +251.1% | $839.6M |
| BRK/BBerkshire Hathaway Inc Del | June 30, 2020 | +180.3% | $33.6M |
| AMDAdvanced Micro Devices Inc | December 31, 2025 | +171.3% | $4.1M |
| ATEXAnterix Inc | June 30, 2020 | +127.0% | $39.5M |
| AMATApplied Matls Inc | March 31, 2026 | +111.5% | $1.8M |
| GLWCorning Inc | March 31, 2026 | +87.9% | $1.6M |
| SMMTSummit Therapeutics Inc | June 30, 2024 | +86.8% | $5.3M |
| Okeanis Eco Tankers CorCUSIP Y64177101 | March 31, 2024 | +68.7% | $64.2M |
Sold off last quarter
- Amicus TherapeuticCUSIP 03152W109 was $10.1M
- Birkenstock Holding PLCCUSIP M2029K104 was $9.8M
- CVNACarvana Co was $1.2M
- ABNBAirbnb Inc was $699K
- SHOPShopify Inc was $669K
- NFLXNetflix Inc. was $569K
- RMBSRambus Inc Del was $400K
- APHAmphenol Corp was $351K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +22.5% | +14.8% |
| March 31, 2026 | +16.5% | −4.6% |
| December 31, 2025 | +27.0% | +2.4% |
| September 30, 2025 | +32.8% | +7.8% |
| June 30, 2025 | +11.2% | +10.5% |
| March 31, 2025 | −10.1% | −4.6% |
| December 31, 2024 | −1.1% | +2.1% |
| September 30, 2024 | +11.7% | +5.4% |
| June 30, 2024 | −0.1% | +4.0% |
| March 31, 2024 | −4.8% | +10.0% |
| December 31, 2023 | −0.8% | +11.2% |
| September 30, 2023 | +9.8% | −3.6% |
| June 30, 2023 | +17.2% | +8.3% |
| March 31, 2023 | −1.0% | +7.0% |
| December 31, 2022 | +56.7% | +7.1% |
| September 30, 2022 | −14.9% | −5.3% |
| June 30, 2022 | −30.8% | −16.5% |
| March 31, 2022 | −17.6% | −4.9% |
| December 31, 2021 | +26.4% | +10.7% |
| September 30, 2021 | −9.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: QVT Financial LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1290162&type=13F-HR&dateb=&owner=include&count=40CIK 1290162
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1290162/000119312526351939/Filed August 14, 2026 · accession 0001193125-26-351939