Latest research, educational guides, and news from the world of institutional investing.
Philippe Laffont deployed $15.7B across 27 new positions — including a $3.2B semiconductor equipment cluster in LRCX and AMAT — while fully exiting CoreWeave. Coatue's AUM hit an all-time high of $39.96B with top-10 concentration dropping 14.5 points.
Institutional investors added 883 new positions in Micron and 856 in AMD during Q4 2025, but NVIDIA barely grew despite being a $3 trillion position. ARM was the only major semiconductor to lose value. Here's where 5,578 institutions stand on the AI chip trade.
The 100 largest institutional investors shifted $49.5 trillion across sectors in Q4 2025. Healthcare was the clear winner at +12.7%, Communication Services gained 8.2%, while Consumer Defensive and Utilities barely moved. Here's the full sector-by-sector breakdown.
Nearly 1,700 corporate insiders collectively spent $12 billion buying their own companies' stock in Q4 2025. From a $7.6 billion biotech mega-deal to a DoorDash board member's $100 million conviction bet, here's where executives put their money where their mouth is.
Point72's Q4 2025 13F grew to $89.4B with 880 additional holdings, major QQQ rebuild, and lower concentration in the top bucket.
Tiger Global's Q4 2025 13F rose 42.47% in value while top-10 concentration dropped 13.06 points, led by large new stakes in MSFT, AMZN, TTWO, and TSM.
Soros Fund Management expanded 13F value by 22.93% in Q4 2025, added 59 holdings, and launched a $415M XOP position while keeping Amazon as the top core holding.
Duquesne Family Office's Q4 2025 13F shows selective macro rotation: new financials/equal-weight/Brazil ETF exposure, paired with multiple single-name exits and trims.
Lone Pine Capital's Q4 2025 13F shows a dramatic scale-up with breadth expansion, a full META exit, and a new CVNA position entering the top three.
Coatue's Q4 2025 13F shows a $12.7B portfolio expansion with broad-based additions in semis and mega-cap tech, while concentration fell sharply versus Q3.
D.E. Shaw's Q4 2025 13F highlights de-crowding: a $3.81B QQQ line exit offset by larger SPY and AMD allocations, with top-10 concentration declining to 15.97%.
Appaloosa's Q4 2025 13F shows a dramatic concentration reset: Alibaba weight fell from 32.07% to 10.88% as portfolio value rose 92.67% and holdings breadth more than doubled.
Millennium's Q4 2025 13F reveals a $16.6B QQQ sleeve rollover, a $4.23B build in Walmart, and a portfolio that grew to $237.8B while top-10 concentration moved higher.
Citadel Advisors ended Q4 2025 with a $665.9B 13F portfolio, up 1.33% QoQ, while reducing top-position concentration. The filing shows a clear rebalance: heavier Alphabet and semiconductor exposure, paired with lower SPY/QQQ index hedge weight.
THOMA BRAVO, L.P. filed a highly concentrated Q4 2025 13F: 95.4% in SailPoint, 99.1% in top two names, and only three reported holdings. We break down what changed from Q3, why MeridianLink disappeared, and how to read sponsor-style filings versus hedge-fund-style filings.
Scion filed no Q4 2025 13F by Feb 19, 2026. Burry's final filing concentrated 96.7% into PLTR/NVDA put exposure, then the fund deregistered seven days later—an extreme final act with unusual conviction and timing.
Viking Global's Q4 2025 13F reveals a portfolio in violent transition: Amazon re-entered after Q3 exit, Meta dumped for Alphabet, banks slashed 60%, and 21 new positions opened. Inside the $37.7B fund's 56% turnover rate.
Bill Ackman's Pershing Square filed its Q4 2025 13F revealing a brand-new $1.76 billion Meta Platforms position, a 65% Amazon increase, 50% Brookfield accumulation, and a full Chipotle exit — pushing tech exposure to 55% of the $15.5B portfolio.
Renaissance Technologies' Q4 2025 13F filing reveals the most radical portfolio overhaul in years: an 85% NVIDIA slash, complete Meta exit, 749 positions liquidated, and massive defensive pivots to Costco (+5,221%) and Netflix (+2,545%) — all in the aftermath of October's devastating Quant Quake.
Bridgewater Associates 10x'd their S&P 500 ETF position to $4.8 billion — making SPY 22% of the entire portfolio. Inside the Q4 2024 13F: massive sector rotation, 168 position exits, new Tesla and Robinhood bets, and a consumer defensive retreat that reshaped a $21.8 billion fund.