Updated May 18, 2026 · 460 articles
Quarterly deep analysis of institutional holdings, hedge fund strategies, and market trends from SEC 13F filings.
Franklin Resources flat-lined at -0.4% QoQ but rotated $3.5B+ into KR (+721% shares), BSX (+159%), AJG (+401%), and AT&T (+135%) while trimming TDG, ONTO, and TYL. The internal rotation reads as a defensive cash-flow tilt.
Ameriprise Financial trimmed across its equity portfolio in Q1 2026, cutting JPMorgan by 12%, Microsoft by 5%, and Alphabet by 5% as holdings fell 2.8% to $373B. Broadcom (+6%) was the lone notable add.
Marcus ChenGoldman Sachs Group grew its 13F portfolio 6.4% to $735B in Q1 2026, adding aggressively to Microsoft (+20%) and Meta (+23%) while trimming Tesla by 16%. Nvidia remained the top holding at $38.47B.
Marcus ChenMFN Partners Management runs a $4.77 billion Q1 2026 13F dominated by concentrated bets on the Brad Jacobs logistics-and-rollup thesis. XPO Logistics at 46.55% portfolio, Talen Energy at 20.06%, QXO (Jacobs' new vehicle) at 9.54%, plus RXO at 8.61%. The book is essentially the Brad Jacobs portfolio.
Marcus ChenKedalion Capital Management LLP's Q1 2026 13F holds $3.48 billion across just 3 ETF positions: IVV at 56.89%, SPYM at 39.32%, HYG at 3.79%. The book is essentially pure S&P 500 ETF tracking — the cleanest single-strategy beta-allocation 13F at scale.
Marcus ChenBLS Capital Fondsmaeglerselskab — Denmark's largest independent equity manager — files a $2.94 billion Q1 2026 13F dominated by global quality compounders. Yum China (YUMC) at 18.88% portfolio, S&P Global at 12.75%, Otis at 11.51%, AutoZone at 10.08%. The Scandinavian quality-discipline book at scale.
Marcus ChenHartford Funds Management's $1.15 billion Q1 2026 13F holds primarily Hartford-branded ETFs: HTRB at 37.97% portfolio, HCRB at 15.74%, RODM at 8.66%. This is the textbook fund-of-fund structure where an asset-management arm holds its own product family for client mandates.
Marcus ChenMarcus ChenCresset Asset Management runs $23.73 billion as a Chicago-based multi-family office serving ~1,500 ultra-high-net-worth families. The Q4 2025 13F is unusual: 11.81% in Arista Networks, 17.71% combined in S&P 500 ETFs, plus a tail of single-stock individual-client positions.
Marcus ChenTom Russo's Gardner Russo & Quinn runs $8.50 billion in the textbook expression of 'capacity to suffer' value investing. Berkshire A+B combined at 18.6%, Philip Morris at 8.96%, Nestle at 6.39%, Mastercard at 9.15%. Family-controlled brand compounders.
Marcus ChenEdgePoint Investment Group filed a $12.18 billion Q4 2025 13F that reads as the textbook Canadian value-contrarian shape: Restaurant Brands at 9.33%, Dollar Tree at 8.74%, Mattel at 7.71%. Top 10 carries Franco-Nevada, JLL, and other names US-active peers shy away from.
Marcus ChenPineStone Asset Management runs a $14.23 billion concentrated US-equity book filed from Quebec. Top 10 holdings absorb 67.4% of AUM in quality compounders: TSM, GOOGL, MSFT, Moody's, Mastercard, AutoZone, CME, TJX, Sherwin-Williams, MSCI. Zero NVDA, zero AAPL.
Marcus ChenDavid Abrams runs one of the most concentrated value-discipline books in US equity. The Q1 2026 13F lands 39.59% in Loar Holdings (aerospace), 22.49% combined in two auto dealers (Lithia + Asbury), and the rest scattered across high-conviction value names. Total positions: 12.
Marcus ChenHershey Trust Company holds $9.94 billion of Hershey Class B voting stock at 96.35% of its 13F portfolio. The remaining 3.65% is HSY Class A common. The Milton Hershey School trust's 13F is the most extreme single-name concentration in our database.
Marcus ChenMitsubishi UFJ Asset Management's $149 billion US 13F holds the seven mega-cap names at near-index weights — and unlike most large active managers, Tesla is in the top 10. The Japanese asset manager runs a book that hews closely to S&P 500 exposure for institutional clients.
Marcus ChenNeuberger Berman files a $131.41 billion Q1 2026 book that, at first glance, reads as a standard active-mega-cap allocation. Position 9 — IVV, the S&P 500 ETF, at 1.23% portfolio — gives away that some of the book runs on an ETF beta sleeve rather than pure stock-picking.
Marcus ChenState Farm Mutual Automobile Insurance Company's Q1 2026 13F is a window into how a US property-and-casualty balance sheet allocates surplus equity capital. The top holding is Caterpillar at 8.13% — not Nvidia, not Microsoft. The rest of the book follows the same industrial-and-defensive logic.
Marcus ChenArrowstreet Capital filed a $184.75 billion Q1 2026 book that reads, at the top, like every other quant mega-cap allocation. Look at positions 8 through 10 and the real call shows up: Lam Research and ASML both inside the top 10, both at multiples of their index weights.
Marcus ChenMFS, the firm that invented the open-end mutual fund in 1924, runs a $297.52 billion 13F book with 500 positions and a top-10 concentration of just 21%. The shape is what a balanced active-equity book is supposed to look like — and almost no one runs it anymore.
Marcus ChenClearbridge Investments runs a 500-position book that looks growth-equity on the surface and concentrated underneath. Top 10 stocks absorb $29 billion of the $114.89 billion AUM, and the only non-tech name in that block is Williams Companies pipeline infrastructure.
Marcus Chen