Updated May 14, 2026 · 460 articles
Research
Quarterly deep analysis of institutional holdings, hedge fund strategies, and market trends from SEC 13F filings.
TD Asset's $123B 13F: A Canadian-Anchored Book Read
TD Asset Management's 2026Q1 13F discloses a $123.3B book where the second-largest position is parent-company TD Bank. The structure is a Canadian institutional book — half mega-cap US tech, half Canadian banks, energy, and rails.
Marcus ChenEnvestnet's $373B TAMP 13F: Reading the Advisor Book
Envestnet Asset Management's 2026Q1 13F discloses a $373.6B book spread across 4,703 positions — the largest visible TAMP (turnkey asset management platform) disclosure. The structure reveals how thousands of independent advisors actually allocate.
Marcus ChenSumitomo Mitsui Trust's $154B 13F: A Gold Slice on Mega-Cap
Sumitomo Mitsui Trust Group filed its 2026Q1 13F disclosing a $154.5B US equity book. The top of the book is conventional mega-cap — NVDA, AAPL, MSFT — but the 1.1% GLDM gold ETF position at $1.72B is the structural feature that distinguishes a Japanese trust bank book from a US peer.
Marcus ChenNorthwestern Mutual Wealth's $162.4B 13F: Equal-Weight S&P Bet
Northwestern Mutual Wealth Management's 2026Q1 13F shows a $162.4B book built on ETFs — but the $5.2B Invesco S&P 500 Equal Weight (RSP) position at 3.3% is the structural tell that distinguishes this RIA from index-cap-weighted peers.
Marcus ChenCreative Planning's $147.4B 13F: How an RIA Builds Allocation
Creative Planning, the Peter Mallouk-led RIA, filed a $147.4B 13F for 2026Q1. The book reads like a model portfolio: IVV at 11.4%, BND at 6.5%, VEA at 5.6%. It's the asset-allocation industry's largest visible playbook.
Marcus ChenSwiss National Bank's $173.8B US Equity Book: A Currency Hedge
The Swiss National Bank's 2026Q1 13F discloses a $173.8B US equity book that looks exactly like what it is — a foreign-reserve hedge structured as a passive S&P 500 mega-cap portfolio. NVDA at 7.2% and AAPL at 6.3% are the franc-suppression policy expressed in equities.
Marcus ChenBridgewater Q1 2026 13F Preview: The Dalio Watchlist — What 1,040 Holdings Actually Tell You
Bridgewater's Q4 2025 13F showed a +102.2% QoQ jump, $27.42B AUM, and an ETF-heavy top book. Here's what to watch in its Q1 2026 filing due May 15.
Marcus ChenSoftBank Vision Fund Q4 2025: 88% of $9.99B in Coupang + Grab
SB Investment Advisers' Q4 2025 13F-HR shows $9.99B across 10 names, with 88% concentrated in Coupang (68.3%) and Grab Holdings (20.1%). The long tail is busted-IPO biotech and frontier tech.
Marcus ChenBain Capital Q4 2025 13F: $4.62B, COHR at 39%, Healthcare Heavy
Bain Capital Investors discloses a $4.62B Q4 13F-HR concentrated in 7 names: COHR at 39%, four mid-cap healthcare names at 54%, NTNX at 6%. The book reads like a public-equity wrapper around Bain's PE conviction list.
Marcus ChenHarvard Management Q4 2025: $2.08B 13F-HR with 12.78% in IBIT
Harvard's investment office surfaced a $2.08B 13F-HR for Q4 2025 after years of 13F-NT filings — and the 19-position portfolio reads as a deliberate barbell: 12.78% in IBIT (spot Bitcoin) and 11.94% in GLD (gold), wrapped around a mega-cap tech core.
Marcus ChenUBS Group Q1 2026 13F: $666B Book Adds QQQ, Builds Gold
Swiss banking group UBS filed a 2026Q1 13F-HR with $666 billion in reported US equity value. Two threads stand out in the QoQ deltas: a fresh top-five QQQ position at $10.5B, and a 21% increase in GLD share count — the inflation hedge moving alongside the growth-ETF add.
Marcus ChenLPL Financial Q1 2026 13F: $377B in Client ETFs, QQQ Added
LPL Financial's first-quarter 2026 13F-HR is the largest broker-dealer custody view in our data set: $376.6B in reported value, dominated by index ETFs held on behalf of platform clients rather than discretionary stock picks. The Q1 file added QQQ as a fresh top-three position.
Marcus ChenLegal & General Q1 2026 13F: $432B Book, NVDA at 7.2%
UK insurer Legal & General Group's first-quarter 2026 13F-HR shows a $432.4 billion US equity book that runs an unusually concentrated mega-cap tech overlay for an insurance balance sheet. NVDA tops the list at 7.23% of reported value; AAPL sits at 6.73%.
Marcus ChenWells Fargo Q1 2026 13F: NFLX +892%, HOOD +277%, AMD -64%
Wells Fargo's Q1 2026 13F reports $467.90B in top-500 holdings — a nearly flat aggregate that hides a steep NFLX/NOW/HOOD build and a 64% AMD trim under the surface.
Marcus ChenInvesco Q1 2026 13F: NFLX +823%, BDX +299%, .89B AUM
Invesco grew its top-500 13F book to $544.89B in Q1 2026, up 2.8% QoQ. Behind the headline: an 823% share increase in Netflix, 299% in Becton Dickinson, and trims to ORCL/CRM/LITE.
Marcus ChenDodge & Cox 2025Q3: $185B Value Book Across 219 Names
Dodge & Cox filed its 2025Q3 13F at $185.33 billion across 219 positions. The book is the textbook expression of disciplined value: no top holding exceeds 4.3% weight, and the top 10 sit at just 27% of the portfolio.
Marcus ChenSanders Capital 2025Q3: $81B Across 47 Names, TSM at Top
Lewis Sanders' Sanders Capital filed a 2025Q3 13F at $81.29 billion across 47 positions. The top five names take 43% of the book. The most striking allocation: TSM at 11.1% portfolio weight — larger than the GOOG, META, or MSFT stake.
Marcus ChenLilly Endowment 2025Q4: A $99B Single-Stock Bet on LLY
Lilly Endowment Inc filed a 2025Q4 13F-HR reporting a single position: 92.2 million shares of Eli Lilly worth $99.08 billion. The portfolio is, by design, the founder's company stock. The QoQ swings are pure share-price translation.
Marcus ChenHighTower Advisors 2026Q1: How $94B of RIA Money Allocates
HighTower Advisors holds $94.2B across 3,796 reported positions — the canonical snapshot of how a top US RIA aggregator builds a mass-affluent equity book. Top 10 is barely 22% of the book, half of it ETFs.
Marcus Chen