Insights

Norway's $935B Sovereign Wealth Fund Keeps Loading NVIDIA and Apple: Inside Norges Bank's Q4 2025 13F

Norges Bank's U.S. equity portfolio reached $934.76B in Q4 2025, with NVIDIA ($62.2B), Apple ($52.3B), and Microsoft ($50.7B) as the three pillars of a 1,577-position portfolio.

Citadel's $666B Q4 Portfolio: SPY and Tesla Lead a 15,000-Position Machine

Citadel Advisors closed Q4 2025 with $665.87B in AUM across 15,403 positions. SPY ($39.5B), QQQ ($36.3B), and Tesla ($34.5B) dominate — but the diversification math tells a different story.

Mar 17News

Motorola Solutions CEO Gregory Brown Has Now Sold Over $1 Billion in MSI Stock — His Latest $13.5M Sale Came After Record Q4

Gregory Brown, Chairman and CEO of Motorola Solutions, sold $13.5 million in MSI shares on March 4-6, 2026, following record Q4 2025 revenue. His career insider sales now exceed $1.09 billion.

Mar 17News

$5.1M in UTHR Stock Sold by CEO Martine Rothblatt Days After Phase III Trial Results — A Billion-Dollar Seller Trims Again

United Therapeutics CEO Martine Rothblatt sold $5.1 million in UTHR shares across March 12 and 16, 2026, bringing her career insider sales past $1 billion — just days after the ADVANCE OUTCOMES Phase III results and a Leerink conference appearance.

Five Shades of Conviction: How $750B in Wealth Managers Diverge on Tech, Industrials, and Concentration

Wick, Mengis, Nuveen, Amundi, and Stenger Family Office all filed large Q4 2025 books, but they used very different structures to express risk.

Mega-Cap Tech Is Everybody's Core, but the Weights Range From 16.9% to 51.2%

Vanguard, FMR, Morgan Stanley, and Banque Transatlantique all treat mega-cap tech as core exposure in Q4 2025, but the concentration levels are nowhere near the same.

Ovata's 12.1% Options Sleeve Shows What Most ETF Allocators Are Not Doing in Q4 2025

Ovata Capital used listed options and concentrated thematic exposures in Q4 2025, a sharp contrast with ETF allocators like SHP Wealth, TD Capital, and Bank of Hawaii.

Semiconductor Conviction Spectrum: From Oak Grove's 50% Bet to Mariner's Measured Exposure

Four institutional investors reveal divergent semiconductor strategies in Q4 2025: Oak Grove Capital's concentrated 50.2% conviction play versus Mariner's balanced 10% allocation and conservative positions from NWF and TD Capital.

SHP, TD Capital, and Bank of Hawaii Show How ETF Allocators Split Between 39% and 51% Top-Five Concentration

Three Q4 2025 filings show the same ETF label can mean very different things: SHP runs a concentrated model core, TD balances broad beta with bonds, and Bank of Hawaii leans global.

Stenger Family Office's Concentrated Tech Strategy: A $484M Deep Dive

Stenger Family Office operates a focused $484M portfolio with 33.9% concentration in top 5 holdings. We analyze the family office's tech-forward conviction strategy and what it signals about institutional capital flows.

Alpine Global's Concentrated Conviction: IMVT, RIVN, ACHR Mega-Positions

Alpine Global Management's Q4 2025 filing reveals $464M AUM with WhaleScore 80.0, concentrated in three mega-positions (IMVT 14.4%, RIVN 11.2%, ACHR 7.6%) representing 33.2% of portfolio.

Avoro Capital's Biotech Conviction Play: $10.2B Concentrated Bet on Healthcare Innovation

Avoro Capital Advisors manages $10.2B with 34 holdings focused exclusively on biotech and healthcare. The fund's concentrated portfolio—with top-5 holdings representing 48.7% of AUM—reflects deep conviction in transformative therapies.

Aristides Capital's High-Conviction Portfolio: $565M with 77.5 WhaleScore

Aristides Capital LLC's Q4 2025 filing reveals a disciplined $565.4M portfolio across 273 holdings with a WhaleScore of 77.50. The fund demonstrates institutional-grade conviction in a diversified small/mid-cap strategy balancing growth exposure with risk management.

World Investment Advisors: $6.16B Platform Diversified Across 1,468 Holdings

A deep dive into World Investment Advisors' diversified investment platform managing $6.16B across 1,468 holdings, with core positions in mega-cap tech and broad index exposure.

Tempo Wealth's Q4 2025 Filing Put Parker-Hannifin at the Center of an Advisor Mix Built With ETFs

Tempo Wealth reported a one-quarter Q4 2025 book led by Parker-Hannifin and Progressive, but the surrounding structure was unmistakably ETF-driven.

Integrated Investment Consultants Built a Style-Box ETF Core With a UWM Outlier in Q4 2025

Integrated Investment Consultants reported a Q4 2025 filing dominated by style-box ETFs, with UWMC standing out as the largest non-ETF exception.

Auto-Owners Insurance Co.'s Q4 2025 Filing Rebuilt Into a Five-ETF Reset After a Sharp Q3 Contraction

Auto-Owners came out of a thin Q3 book with a Q4 2025 filing dominated by five ETFs that together made up nearly half the reported portfolio.

PLATINUM PARAMOUNT INVESTMENT LTD.'s Q4 2025 Filing Is a Two-Stock Bet on On Holding and Restaurant Brands

Platinum Paramount reported only two Q4 2025 positions, with 65.2% in On Holding AG and 34.8% in Restaurant Brands.

TD Capital Management LLC's Q4 2025 Filing Still Put 39.0% Into Five Mega-Cap Names

TD Capital Management LLC looked diversified on the surface in Q4 2025, but ITOT, VTI, BSV still anchored the real risk budget. The top five positions reached 39.0% of reported value across 500 fetched lines.