Latest research, educational guides, and news from the world of institutional investing.
Fairholme Capital Management's $1.43B portfolio reveals extreme conviction, with real estate developer St. Joe Company (JOE) commanding over 80% of assets.
Michael Burry's Scion Asset Management revealed a highly concentrated 4-stock portfolio in Q4 2025, with Palantir making up over 80% of the assets.
Inside Renaissance Technologies' massively dispersed Q4 2025 13F, highlighting their surprising $1.56B top position in Palantir.
Analyzing Dan Loeb's $7.27 billion 13F for Q4 2025, where distressed utility PG&E shares the top spot with AI leader NVIDIA.
Nomura reported $75.14B in Q4 2025 13F AUM, but one new position — SATS 3.875 11/30/30 at $19.23B — accounted for 25.96% of the filing. That makes this a balance-sheet-style bank filing, not a plain-vanilla hedge fund portfolio.
Loomis Sayles, long associated with fixed income and the Dan Fuss legacy, suddenly reported $82.47B in Q4 2025 13F assets after showing just $84.1M in Q3. The filing looks less like an overnight risk binge and more like a reporting-footprint reset.
Harris Associates reported $79.12B in Q4 2025 13F AUM, up 26.8% from Q3, while keeping top-five concentration at just 16.6% — a broad Oakmark-style value rebound rather than a single-theme bet.
GQG Partners reported $60.72B in Q4 2025 13F AUM across just 87 positions, with 51.3% of the portfolio concentrated in its top 10 holdings — a classic Rajiv Jain conviction profile.
Balyasny Asset Management reported $78.78B in Q4 2025 13F AUM, but its top five U.S. long positions made up only 13.9% of the book — a clear sign of platform-level diversification.
California State Teachers Retirement System pushed its Q4 2025 13F AUM to $99.96B, kept mega-cap leaders at the core, and added a new $2.03B IVV position to reinforce large-cap beta.
Pictet Asset Management Holding SA kept its Q4 2025 13F book near record highs while refining, rather than abandoning, a quality-growth and healthcare-heavy portfolio.
PEAK6 LLC's Q4 2025 13F reported $107.52B of value, but roughly 97.5% of the disclosed book was puts, making the headline figure a poor proxy for true economic AUM.
Stifel Financial Corp reported $111.17B of Q4 2025 13F AUM, but the more important signal was how diversified the platform stayed while adding tactical risk around the edges.
DZ BANK AG Deutsche Zentral Genossenschafts Bank ended 2025Q4 with $115.79B in reported 13F AUM, led by a striking $9.74B NVIDIA stake and a top book dominated by U.S. mega-cap technology.
Manufacturers Life Insurance Company, The finished 2025Q4 with $121.70B in reported 13F AUM and a holdings count that fell to 2,850 even as Microsoft, Nvidia, and Amazon led the visible equity book.
Clearbridge Investments closed 2025Q4 with $124.90B in reported 13F AUM, 500 positions, and a top disclosed book led by a new $6.24B Nvidia stake.
TD Asset Management's latest 13F features a robust $124 billion portfolio blending Canadian bank stability with an aggressive rotation into US tech, led by a 730% surge in Netflix shares.
State Farm's highly concentrated Q4 portfolio reveals massive conviction in Eli Lilly (10.5%) and Caterpillar (7.8%), showcasing a unique defensive value strategy.
Wolverine Trading's latest 13F reveals a highly concentrated $138.7 billion portfolio led by a massive $15.8 billion stake in the SPY ETF and significant bets on NVDA and TSLA.
Corient Private Wealth's portfolio expanded by over 133% in Q4 2025, driven by a hyper-aggressive pivot into Tesla (+3325% shares) and Netflix (+3776% shares).