HOOPP Q1 2026: Nvidia Leads $62.21B Book

TL;DR: HOOPP's 2026Q1 Form 13F shows a $62.21B U.S.-listed book led by Nvidia at $3.29B and 5.56%, but the more important read is balance: JPM, Apple, SPY, QQQ, CNQ and IVV all sit above $1.73B, while the top 10 account for 30.9% and the rest of the disclosed portfolio remains the larger story.

Healthcare of Ontario Pension Plan Trust Fund, better known as HOOPP, is a large Canadian pension allocator with active discretion, not a passive index complex or hedge fund. Its 2026Q1 filing should be read as the U.S.-listed public-markets subset of a global pension portfolio. The SEC anchor is specific: Form 13F-HR filed 2026-05-14, accession 0001535845-26-000004, report date 2026-03-31.

The strongest data point is not simply that Nvidia is the top line. It is that Nvidia leads a $62.21B disclosed book without turning it into a one-stock portfolio. HOOPP pairs AI exposure with banks, broad-market ETFs, Canadian energy, biotech beta and a long tail of positions, consistent with a pension allocator trying to keep liquidity and diversification while still participating in public-equity momentum.

Why HOOPP's Q1 2026 13F stands out

HOOPP disclosed 500 current positions in the Q1 snapshot used by this brief, with holdings value summing to $59.22B and canonical AUM of $62.21B. The top line is a pension-scale public equity book, but the shape matters more than the size: the largest holding is Nvidia at $3.29B, yet the next six disclosed positions each clear $1.73B.

Current HOOPP context helps explain that structure. In 2026, HOOPP publicly emphasized its 2030 Strategic Plan, portfolio adaptability and the importance of public equities, fixed income and liquidity in a more complex investment environment. That does not prove intent behind any one 13F line item, but it frames why a pension allocator can use both single-name equities and ETFs inside the same disclosed U.S.-listed sleeve.

The top holdings show a barbell, not a pure AI chase

The top eight holdings mix three different implementation choices. First, single-name growth and platform exposure: Nvidia's institutional page, Apple and Alphabet. Second, broad index exposure through SPY, QQQ and IVV. Third, non-tech ballast from JPMorgan and Canadian Natural Resources.

That combination is the useful signal. A casual 13F summary can say Nvidia is number one. The deeper read is that HOOPP's U.S.-listed book uses Nvidia as the largest active risk point while ETFs and non-tech holdings keep the portfolio from reading like a narrow AI basket.

Holding	Value	Weight	Read-through
NVDA	$3.29B	5.56%	Largest AI-linked single-name exposure
JPM	$2.04B	3.45%	Financials counterweight near the top
AAPL	$1.94B	3.28%	Mega-cap platform exposure below Nvidia
SPY	$1.88B	3.17%	Broad-market ETF sleeve
QQQ	$1.86B	3.14%	Growth-index ETF sleeve
CNQ	$1.83B	3.08%	Energy-linked Canadian issuer exposure

Concentration is meaningful, but still pension-like

The concentration chart is the antidote to over-reading one headline holding. The top 10 positions make up 30.9% of the disclosed current portfolio, leaving 69.11% in the diversified tail. That is enough concentration for the leading positions to matter, but not enough to call the filing a single-theme portfolio.

The portfolio's ETF usage is especially important. SPY, QQQ, IVV, XBI and IWM all appear in the top 10. Those positions do not carry the same interpretation as a hand-picked single-name stake; they are tools for beta, liquidity, sector exposure or tactical implementation. For a pension allocator, that distinction is central.

The AUM path confirms steady expansion into Q1

HOOPP's displayed U.S.-listed 13F AUM history rises from $34.94B in 2024Q2 to $62.21B in 2026Q1. The latest quarter is a +4.1% move from $59.79B, with the displayed holdings count moving to 1469. Use the phrase U.S.-listed 13F AUM deliberately: this is not total HOOPP global plan assets.

The trajectory matters because it changes how to read the new top holdings. Nvidia, JPM, Apple and the ETF positions are not isolated small-book trades. They sit inside a disclosed U.S.-listed portfolio that has been expanding across the displayed history, with only the 2025Q1 entry showing a negative QoQ mark in this slice.

What investors should monitor next

• Nvidia sizing: whether NVDA remains the top position or gets trimmed after leading the 2026Q1 book.
• ETF balance: whether SPY, QQQ and IVV stay large together, which would suggest broad-market implementation remains important.
• Non-tech ballast: whether JPM and CNQ keep high ranks as counterweights to mega-cap technology.
• Healthcare beta: whether XBI remains in the top 10, a notable public-market sleeve for a healthcare-sector pension plan.

For readers tracking HOOPP quarter to quarter, start with the filer page for the full filing trail and then compare the largest stock pages individually. The signal is not only what HOOPP owns, but whether the pension allocator keeps balancing AI winners with diversified public-market exposure.

FAQ

What does HOOPP hold in Q1 2026?

HOOPP's 2026Q1 13F shows Nvidia as the largest disclosed holding at $3.29B and 5.56%, followed by JPM, Apple, SPY, QQQ, CNQ, IVV, Alphabet, XBI and IWM in the top 10.

Is HOOPP a hedge fund or passive index fund?

HOOPP is neither a hedge fund nor a passive index fund. It is the Healthcare of Ontario Pension Plan, a large Canadian pension allocator with active discretion across a global portfolio.

Does HOOPP's 13F value equal total plan assets?

No. The $62.21B figure is the canonical AUM for HOOPP's U.S.-listed 13F book in this analysis. A 13F filing covers disclosed U.S.-listed securities and is only a subset of the total global pension portfolio.

Why is Nvidia important in HOOPP's 2026Q1 filing?

Nvidia is important because it is HOOPP's largest disclosed 2026Q1 holding at $3.29B and 5.56%. The position anchors the AI exposure, but the rest of the top 10 shows broader diversification.

How concentrated is HOOPP's Q1 2026 portfolio?

HOOPP's top 10 disclosed holdings account for 30.9% of the current portfolio, while the remaining holdings represent 69.11%. That makes the book meaningful at the top but still broadly diversified.