Updated Mar 23, 2026 · 608 articles
Research
Quarterly deep analysis of institutional holdings, hedge fund strategies, and market trends from SEC 13F filings.
Inside Mitsubishi UFJ Asset Management Co., Ltd.'s $147.50B 2025Q4 Portfolio: What the Latest Filing Says
Mitsubishi UFJ Asset Management Co., Ltd. reported $147.50B for 2025Q4, with NVDA at 6.85% and top-5 concentration at 25.68%.
Marcus ChenInside JONES FINANCIAL COMPANIES LLLP's $164.02B 2025Q4 Portfolio: What the Latest Filing Says
JONES FINANCIAL COMPANIES LLLP reported $164.02B for 2025Q4, with VUG at 11.91% and top-5 concentration at 40.43%.
Marcus ChenPantera Capital Partners LP's $164.21M 2025Q4 Filing Is a 15-Position Bet: FIGR at 38.37%
Pantera Capital Partners LP reported $164.21M for 2025Q4, with FIGR at 38.37% and top-5 concentration at 89.93%.
Marcus ChenInside Sumitomo Mitsui Trust Group, Inc.'s $170.27B 2025Q4 Portfolio: What the Latest Filing Says
Sumitomo Mitsui Trust Group, Inc. reported $170.27B for 2025Q4, with NVDA at 7.17% and top-5 concentration at 24.74%.
Marcus ChenPRINCIPAL FINANCIAL GROUP INC's $195.86B 2025Q4 Build Opened 40 New Positions
PRINCIPAL FINANCIAL GROUP INC reported $195.86B for 2025Q4, with NVDA at 4.11% and top-5 concentration at 16.05%.
Marcus ChenTHRYVE WEALTH MANAGEMENT LLC's $202.09M 2025Q4 Build Opened 94 New Positions
THRYVE WEALTH MANAGEMENT LLC reported $202.09M for 2025Q4, with QQQ at 20.05% and top-5 concentration at 45.44%.
Marcus ChenCosmic Management, LLC's $324.63M 2025Q4 Filing Is a 4-Position Bet: FIG at 46.68%
Cosmic Management, LLC reported $324.63M for 2025Q4, with FIG at 46.68% and top-5 concentration at 100.01%.
Marcus ChenARK Invest's $15B Q4 Filing: Tesla at 8.7%, NVIDIA at 1.6%, and the Conviction Gap That Defines Cathie Wood
ARK's Q4 2025 13F reveals a $15.07B portfolio where Tesla commands 8.7% and NVIDIA sits at just 1.6%. After an AUM trough of $7.09B in Q1 2025, the fund has doubled back to $15B — and the innovation thesis hasn't budged.
Alex RiveraDodge & Cox's $185.26B Q4 Portfolio: Value Tilts Stay Intact While Mega-Cap Tech Remains Secondary
Dodge & Cox closed 2025Q4 with $185.26B across 222 positions and a 74.75 WhaleScore, pairing steady scale with broad value-style exposure across financials, healthcare, and energy.
Marcus ChenOptiver's $268.81B 13F Prints a 61.58% Top-5 Cluster — Why WhaleScore 81 Matters for a Market Maker
Optiver Holding B.V.’s Q4 2025 filing shows $268.81B in 13F AUM and a 61.58% top-5 concentration anchored by index-linked exposure, offering a high-conviction read on market-making inventory structure.
Alex RiveraBNP Paribas' $220.69B Q4 Jump: Mega-Cap Equity Exposure Meets Structured Overlay
BNP PARIBAS FINANCIAL MARKETS reported $220.69B in Q4 2025 and a sharp +17.8% QoQ AUM increase, combining large megacap positions with a significant non-standard top holding.
Sarah MitchellSwiss National Bank's $168.01B Q4 Book Stays Anchored to U.S. Mega-Cap Tech
Swiss National Bank reported $168.01B in Q4 2025 with NVDA, AAPL, and MSFT as the top three holdings. The filing shows persistent U.S. mega-cap concentration despite slight quarter-over-quarter AUM cooling.
Marcus ChenAmerican Century's $198.97B Q4 Book: NVIDIA Weight Climbs, But Risk Stays Managed
AMERICAN CENTURY COMPANIES INC reported $198.97B in Q4 2025, led by an $11.81B NVIDIA stake, while keeping top-10 concentration at 33.4% across a 500-position portfolio.
Marcus ChenJennison's Q4 2025 Portfolio Is a Mega-Cap Stack: Top 10 Names Control 47.6% of $166.57B
Jennison Associates finished Q4 2025 at $166.57B, led by NVDA at $14.56B. With top-10 concentration at 47.6%, the filing shows high-conviction mega-cap growth positioning with selective breadth.
Sarah MitchellNeuberger Berman's $134.34B Q4 Signal: Breadth Wins While Mega-Caps Lead
Neuberger Berman Group LLC reported $134.34B in Q4 2025 with only 17.5% in its top five holdings, highlighting a broad allocation model instead of concentrated single-name risk.
Sarah MitchellRaymond James' $321.41B Q4 Build: ETF Core, Mega-Cap Overlay, Relentless Scale
Raymond James reported $321.41B in Q4 2025, with VOO and AGG as the top anchors and a broad mega-cap equity layer pushing AUM to a new cycle high.
Alex RiveraCPPIB's $149.52B Q4 Portfolio: Big Tech at Scale Without a Concentration Trap
Canada Pension Plan Investment Board closed Q4 2025 at $149.52B with a top-5 concentration of just 20.1%, pairing mega-cap tech exposure with unusually broad diversification.
Alex RiveraPNC's $166.63B Q4 Filing Is Really an Eli Lilly Story: One Stock at 33.57%
PNC Financial Services reported $166.63B in Q4 2025, but the dominant signal is a $54.94B Eli Lilly stake at 33.57% weight. The filing combines steady AUM expansion with unusually high single-name concentration.
Alex RiveraPRIMECAP's $132.11B Q4 Setup: Healthcare-Semiconductor Barbell Gets Heavier
PRIMECAP reported $132.11B in Q4 2025 with Eli Lilly and Micron alone at 12.9% combined, signaling a barbell between healthcare defensiveness and semiconductor cyclicality.
Marcus ChenDeutsche Bank’s $307.09B Q4 2025 Build: A Relentless Mega-Cap Engine Led by NVDA and MSFT
Deutsche Bank AG reached $307.09B in Q4 2025 13F assets, with NVDA and MSFT at the top of a broad mega-cap stack and a three-quarter acceleration in AUM.
Alex Rivera