Updated Apr 11, 2026 · 2187 articles
Insights
Research, news and field guides on institutional positioning. Powered by real SEC filings — 13F, 13D/G, Form 4.
CVNA: Ernest Garcia III's Latest Filing Was Tax Withholding, Not a Fresh Open-Market Dump
Carvana CEO Ernest Garcia III had 4,537 shares withheld for taxes on April 1, leaving him with 910,345 directly held shares. The filing arrived after Carvana posted record 2025 results, approved a 5-for-1 split, and then ran into a rough April reset for the stock.
Alex RiveraAmerican Eagle CEO Jay Schottenstein Moved His Direct AEO Stake to Zero — But Form 4 Still Shows 2.24M Indirect Shares
Jay Schottenstein's latest American Eagle filing pushed his directly held Class A position to zero, but the same Form 4 still showed 2.24 million indirect shares in Table II. The timing lands weeks after AEO reported record holiday-quarter revenue and then watched the stock slide anyway.
Alex RiveraHarris Associates’ $79.12B Q4 2025 13F Rebounded 26.8% as Oakmark Spread Value Across 167 Positions
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.
Marcus ChenWhat Did Rajiv Jain Own in Q4 2025? GQG’s $60.72B 13F Put 51.3% in Its Top 10
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.
Sarah MitchellBalyasny’s $78.78B Q4 2025 13F Shows a Pod Shop Still Spreading Risk Across 500 Positions
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.
Alex RiveraWhy CalSTRS Added $2.03B of IVV While Letting Nvidia Stay No. 1 in a $99.96B Q4 Book
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.
Marcus ChenPictet's $103.05B Q4 2025 U.S. Book Barely Budged. That's What Makes It Interesting.
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.
Sarah MitchellPEAK6 LLC Q4 2025: The $107.52B Filing That Was Really an Options Book
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.
Marcus ChenStifel's $111.17B Q4 Filing Looks Less Like a Bet and More Like a Wealth Platform at Scale
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.
Alex RiveraDZ Bank's $9.74B Nvidia Position Recasts Its $115.79B 13F
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.
Marcus ChenManulife's $121.70B 13F Stayed Flat, but Q4 2025 Looks More Selective
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.
Sarah MitchellClearbridge Investments' $6.24B Nvidia Stake Defines a $124.90B Q4 Reset
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.
Marcus ChenMarc Benioff's Methodical CRM Dispositions Total Over $11 Billion
Salesforce Chair and CEO Marc Benioff's long-term selling strategy highlights systematic diversification while retaining massive multi-class voting power.
Alex RiveraSector Rotation vs. Index Buying: Reading the Macro Tea Leaves in 13F Filings
When mega-filers load up on SPY or QQQ, are they hedging, or just parking cash? Here's how to distinguish macro positioning from genuine conviction.
Sarah MitchellQualys CEO Sumedh Thakar Unloads Shares as Q4 Earnings Beat Expectations — A Strategic 10b5-1 Exit
Qualys CEO Sumedh Thakar executes a planned 10b5-1 sale in early 2026, coinciding with a record-setting Q4 earnings report that saw the cybersecurity leader beat analyst expectations.
Alex RiveraEquinix Executive Chairman Charles Meyers Sells $1.6M Following Leadership Transition and Strong Q4 Earnings
Equinix Executive Chairman Charles Meyers continues systematic 10b5-1 sales as he transitions leadership roles, amid record-breaking data center demand.
Alex RiveraAdobe CEO Shantanu Narayen Sells $506M in Stock Following Retirement Announcement — The AI Exit of an 18-Year Tenure
Adobe's record-setting CEO Shantanu Narayen unloads a massive $506 million position as he prepares to step down, signaling the end of an era for the creative software giant.
Alex RiveraTD Asset Management Q4 2025: Canadian Stability Meets the +730% Netflix Pivot
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.
Marcus ChenState Farm Mutual Q4 2025: The $127B Value Engine Driven by Eli Lilly and Caterpillar
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.
Marcus ChenWolverine Trading Q4 2025: The $138B ETF-Led Strategy and Mega-Cap Conviction
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.
Marcus Chen