Quarterly deep analysis of institutional holdings, hedge fund strategies, and market trends.
While most mega-filers lead with NVIDIA, Capital International Investors bets biggest on Broadcom at 7.7% of portfolio. They also increased Netflix shares by 710% in Q4 2025, added $3.4B in TotalEnergies, and exited Disney entirely.
Franklin Resources — the parent of Franklin Templeton, one of the world's oldest fund families — files $408B with 14,263 positions. Its Q4 2025 13F has Microsoft over NVIDIA at #1, a massive $4B Citigroup bet, Cisco built 18%, and Exxon in the top 10. This is active management that refuses to follow the momentum crowd.
DFA — the firm that brought academic factor research to real portfolios — files 13,709 positions without a single ETF or index fund. Its Q4 2025 13F reveals a 17.9% top-5 concentration with Berkshire Hathaway, Exxon, and Visa in the top 15 — the anti-momentum portfolio built on Nobel Prize-winning research.
While Bank of America cut SPY by 55% and Goldman Sachs slashed it by $11B, Wells Fargo went the other direction — increasing its SPY stake by 75.5% to $19.7B. The 4th-largest U.S. bank also made SPY its #1 holding, cut small caps 21%, and loaded $11.4B into QQQ.
Bank of New York Mellon's $568B Q4 2025 13F has more positions than any other institutional filer we track — 33,186. Founded by Alexander Hamilton in 1784, the custody bank's portfolio is less an investment thesis and more a census of American equity ownership.
Wellington Management is the largest pure active manager in our database — no ETFs, no index funds. Its Q4 2025 13F reveals a $571B portfolio where healthcare rivals tech for attention: Lilly at $14.4B, Merck at $9.1B, and a Meta trim of 18% that goes against the passive consensus.
Bank of America's Q4 2025 13F reveals the last uncovered megabank: a $1.375 trillion portfolio with 28,105 positions, a 12.9% top-5 concentration that makes it the most diversified major bank filing, and a massive Vanguard ETF allocation that signals where Merrill Lynch clients actually park their money.
UBS Group's Q4 2025 13F reveals the flattest portfolio in institutional finance: $617B across 8,980 positions with a 12.5% top-5 concentration. The Swiss wealth giant holds $6.8B of its own shares, keeps gold in its top 15, and cut SPY from #1 to #4.
Capital World Investors' Q4 2025 13F reveals a $735B portfolio with only 574 positions — and Broadcom at #1 ($42.7B), ahead of NVIDIA. Philip Morris ranks #5 at $21.2B while Amazon barely cracks the top 15. This is what conviction looks like at scale.
Goldman Sachs' Q4 2025 13F reveals an $811B portfolio where Tesla at $18.3B ranks #5 — above Alphabet, Amazon, and Meta. NVIDIA leads at $41.8B, but the real story is Goldman's $28.4B SPY position and what the flat QoQ growth signals.
JPMorgan Chase's Q4 2025 13F reveals a $1.59T portfolio where NVIDIA reclaimed the #1 spot at $85B, Broadcom surged into the top 5 at $32.5B, and Alphabet's two classes combined to $51.8B. The AI infrastructure thesis is deepening.
Morgan Stanley's Q4 2025 13F reveals an ultra-diversified $1.68T portfolio across 8,095 positions — but the top-5 concentration is just 15.3%. We break down where the wealth management giant is actually placing conviction bets.
FMR LLC's Q4 2025 13F reveals a $1.96T portfolio across 5,359 positions. The world's third-largest asset manager cut Meta by $4.3B and NVIDIA by $2.8B — but added $5.3B to Alphabet's two share classes. Here's what the rotation signals.
Norges Bank Investment Management, managing the world's largest sovereign wealth fund, disclosed $935B in US equities for Q4 2025 — a 7.4% QoQ increase. NVIDIA leads at $62B (6.7% of portfolio), followed by Apple at $52B and Microsoft at $51B.
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Sanders Capital's $86.8B portfolio exits Alibaba, Halliburton, and Schlumberger while opening a $2.3B Salesforce position and doubling its Lockheed Martin stake — a decisive Q4 2025 value pivot.
Abu Dhabi's Mubadala sovereign wealth fund holds 90% of its $17.5B portfolio in GlobalFoundries, added $631M in Bitcoin via IBIT, and opened positions in 4 quantum computing stocks in Q4 2025.
Snehal Amin's Windacre Partnership surged from $4.4B to $9.3B in a single quarter, deploying $4.9B across 7 new positions headlined by a brand-new $1.38B bet on Roper Technologies that the fund had never previously held.