Quarterly deep analysis of institutional holdings, hedge fund strategies, and market trends.
Renaissance Technologies’ Q4 2025 13F reveals a dramatic Alphabet exit (-89% to -94%), an 85% NVIDIA trim, and a 2,545% NFLX build. But the tiny $64.5M AUM confirms this is NOT the Medallion Fund—here is what the public portfolio actually signals.
Cliff Asness’s AQR Capital disclosed $190.6B across 16,934 holdings in its Q4 2025 13F—one of the broadest institutional books in the market. Massive momentum-driven adds in NOW (+953%), NFLX (+691%), and CMG (+342%) reveal a factor engine firing on all cylinders.
Wellington Management’s Q4 2025 13F shows aggressive conviction in DoorDash (+593%) and Netflix (+560%), while slashing Boeing and Exact Sciences. Inside the moves of a $571 billion active powerhouse.
Point72 Asset Management’s Q4 2025 13F reveals a $1.56B new QQQ position alongside dramatic increases in UNH (+1,201%), PEP (+965%), and GLD (+891%) — a dual signal of tech conviction and defensive hedging from Steve Cohen’s team.
T. Rowe Price’s Q4 2025 13F reveals a +686% surge in Netflix shares alongside a sprawling 4,500-position book. We break down the conviction moves hiding inside one of America’s largest active managers.
Bridgewater Associates doubled its AUM to $27.4B in Q4 2025, anchored by a massive $2.87B iShares S&P 500 ETF position. With 290 new positions and 281 exits, the post-Dalio team is rewriting the playbook.
Millennium Management’s Q4 2025 13F filing shows $237.8M in public equity holdings — a tiny slice of the firm’s $60B+ AUM — with 145 new positions and 145 exits reflecting the multi-pod hedge fund’s rapid-fire rotation strategy.
Two Sigma Investments executed a massive sector rotation in Q4 2025, exiting $583M in financials while building $403M positions in tech ETFs. With 168 new positions and 168 exits, the quant fund’s algorithmic signals point to a decisive shift.
Vanguard ($6.90T), BlackRock ($5.92T), and State Street ($2.98T) collectively hold $15.8 trillion in 13F-reportable assets across 72,190 positions. Here's how the index fund giants compare.
Capital World Investors' Q4 2025 13F shows $735B across just 574 positions with Broadcom (AVGO) at #1 ($42.7B, 5.80%). This active manager puts the AI infrastructure chipmaker ahead of every mega-cap.
Jane Street's Q4 2025 13F reveals $662B across 17,120 positions with SPY at a staggering 14.5% ($95.9B) and TSLA at $36.2B — a portfolio that reads like a market-making inventory, not a fund.
Goldman Sachs' Q4 2025 13F shows $811B across 13,034 positions with NVDA at #1 ($41.8B), a massive SPY position ($28.4B at #4), and Tesla at $18.3B (#5) — the most TSLA-heavy top-5 among major banks.
Norges Bank's Q4 2025 13F reveals $935B in U.S. equity holdings with NVDA at 6.66% — the highest NVDA weight among sovereign wealth funds. The fund grew 7.4% QoQ with just 1,577 concentrated positions.
Bank of America's Q4 2025 13F reveals $1.37T across 28,105 positions where Vanguard ETFs (VTV at $26B, VUG at $23.4B, IEFA at $20.4B) serve as portfolio building blocks alongside individual mega-cap stocks.
JPMorgan Chase's Q4 2025 13F shows $1.59T across 31,783 positions with NVDA at #1 ($85.1B, 5.34%) and a massive $30.4B SPY position at #7 — revealing the bank's hybrid active/passive architecture.
Morgan Stanley's Q4 2025 13F reveals $1.67T across 45,420 positions with Apple — not NVIDIA — as the #1 holding at 3.74%. The wealth management giant's client-driven portfolio looks nothing like index funds.
FMR LLC's Q4 2025 13F shows $1.96T with NVDA at 9.23% — over 3 percentage points above index weight. Unlike passive peers, Fidelity's filing reveals genuine active conviction in the AI trade.
State Street reports $2.98T across only 4,288 positions in Q4 2025 — a fraction of BlackRock's 50,216 and Vanguard's 17,686. The Big Three's custodian giant shows you don't need breadth to move trillions.
BlackRock's Q4 2025 13F reports $5.92 trillion across a record 50,216 positions. NVDA leads at 6.13%, but the real story is the breadth: 50,000+ line items mapping every corner of U.S. equities.
Vanguard Group's Q4 2025 13F reveals $6.9 trillion across 17,686 positions with NVDA at 6.1%, AAPL at 5.6%, and MSFT at 5.0% — a near-perfect mirror of market-cap weighting that grew 3.3% QoQ.