Research

Eagle Capital Q1 2026: Big Bets on MercadoLibre and SAP

Eagle Capital raised MercadoLibre 91% and SAP 89% in Q1 2026 while holding its concentrated US core flat - a $29.8B quality manager reaching abroad for growth.

Marcus Chen

Baron Capital Q1 2026: Still All-In on Tesla at 13%

Baron Capital held its giant Tesla stake flat at 13.4% of the book in Q1 2026 while adding to Gartner and Guidewire - a $33B growth book built on long-term conviction.

Marcus Chen

Connor Clark & Lunn Q1 2026: A Big Canadian Energy Push

Connor, Clark & Lunn raised Enbridge 76%, Suncor 48%, and TC Energy 35% in Q1 2026 while holding its bank core steady - a $43.4B Canadian manager tilting hard into energy infrastructure.

Marcus Chen

Aristotle Q1 2026: Adding Williams-Sonoma, Cutting Parker

Aristotle Capital raised Williams-Sonoma 22% and cut Parker Hannifin 22% in Q1 2026 while holding Alphabet and Microsoft flat - a steady, low-turnover $47.8B value book.

Marcus Chen

WCM Q1 2026: A Global Quality-Growth Book Tilts to Asia

WCM Investment Management raised its Sea Ltd stake 30% in Q1 2026 while anchoring on Taiwan Semiconductor and ICICI Bank - a $43.8B global quality-growth book leaning into international compounders.

Marcus Chen

Holocene Q1 2026: Cutting AI Winners, Buying the Rotation

Holocene Advisors cut Nvidia 30% and Tesla 36% in Q1 2026 while piling into Amazon, Danaher (+330%), Exxon, and GE Vernova — a fast-rotating $41B hedge fund pressing a contrarian view.

Marcus Chen

Fayez Sarofim Q1 2026: A $39B Book That Barely Moves

Fayez Sarofim held nearly every top position flat in Q1 2026 — Apple, Microsoft, Philip Morris, Exxon — adding only to Nvidia, as its 13F book eased 6.2% to $39.08B. A study in low-turnover conviction.

Marcus Chen

Brown Advisory Q4 2025: Trimming Big Tech, Holding Payments

Brown Advisory cut Amazon 18%, Nvidia 16%, and trimmed its megacap-tech book in Q4 2025 as reported 13F value fell 6.9% to $70.51B, while holding Visa, Mastercard, and TSMC roughly flat.

Marcus Chen

Franklin Q1 2026: $1B Into Kroger, +135% AT&T, Trims TDG/ONTO

Franklin Resources flat-lined at -0.4% QoQ but rotated $3.5B+ into KR (+721% shares), BSX (+159%), AJG (+401%), and AT&T (+135%) while trimming TDG, ONTO, and TYL. The internal rotation reads as a defensive cash-flow tilt.

Marcus Chen

Ameriprise Q1 2026: JPM -12%, MSFT -5%, Portfolio Contracts

Ameriprise Financial trimmed across its equity portfolio in Q1 2026, cutting JPMorgan by 12%, Microsoft by 5%, and Alphabet by 5% as holdings fell 2.8% to $373B. Broadcom (+6%) was the lone notable add.

Marcus Chen

Goldman Sachs Q1 2026: +20% MSFT, +23% META, -16% TSLA

Goldman Sachs Group grew its 13F portfolio 6.4% to $735B in Q1 2026, adding aggressively to Microsoft (+20%) and Meta (+23%) while trimming Tesla by 16%. Nvidia remained the top holding at $38.47B.

Marcus Chen

MFN Partners Q1 2026: 47% in XPO, 20% in Talen — Brad Jacobs Bet

MFN Partners Management runs a $4.77 billion Q1 2026 13F dominated by concentrated bets on the Brad Jacobs logistics-and-rollup thesis. XPO Logistics at 46.55% portfolio, Talen Energy at 20.06%, QXO (Jacobs' new vehicle) at 9.54%, plus RXO at 8.61%. The book is essentially the Brad Jacobs portfolio.

Marcus Chen

Kedalion Capital Q1 2026: $3.5B Almost Entirely in IVV + SPYM

Kedalion Capital Management LLP's Q1 2026 13F holds $3.48 billion across just 3 ETF positions: IVV at 56.89%, SPYM at 39.32%, HYG at 3.79%. The book is essentially pure S&P 500 ETF tracking — the cleanest single-strategy beta-allocation 13F at scale.

Marcus Chen

BLS Capital Q1 2026: $2.9B Danish Quality Compounder Book

BLS Capital Fondsmaeglerselskab — Denmark's largest independent equity manager — files a $2.94 billion Q1 2026 13F dominated by global quality compounders. Yum China (YUMC) at 18.88% portfolio, S&P Global at 12.75%, Otis at 11.51%, AutoZone at 10.08%. The Scandinavian quality-discipline book at scale.

Marcus Chen

Hartford Funds Q1 2026: $1.2B Mostly in Its Own ETFs

Hartford Funds Management's $1.15 billion Q1 2026 13F holds primarily Hartford-branded ETFs: HTRB at 37.97% portfolio, HCRB at 15.74%, RODM at 8.66%. This is the textbook fund-of-fund structure where an asset-management arm holds its own product family for client mandates.

Marcus Chen

Cambridge Associates Q1 2026: .3B OCIO Book in ETFs

Marcus Chen

Cresset Asset Management Q4 2025: $23.7B Multi-Family Office

Cresset Asset Management runs $23.73 billion as a Chicago-based multi-family office serving ~1,500 ultra-high-net-worth families. The Q4 2025 13F is unusual: 11.81% in Arista Networks, 17.71% combined in S&P 500 ETFs, plus a tail of single-stock individual-client positions.

Marcus Chen

Gardner Russo & Quinn Q1 2026: $8.5B Tom Russo Patience Portfolio

Tom Russo's Gardner Russo & Quinn runs $8.50 billion in the textbook expression of 'capacity to suffer' value investing. Berkshire A+B combined at 18.6%, Philip Morris at 8.96%, Nestle at 6.39%, Mastercard at 9.15%. Family-controlled brand compounders.

Marcus Chen

EdgePoint Q4 2025: B Canadian Contrarian Book, QSR + DLTR

EdgePoint Investment Group filed a $12.18 billion Q4 2025 13F that reads as the textbook Canadian value-contrarian shape: Restaurant Brands at 9.33%, Dollar Tree at 8.74%, Mattel at 7.71%. Top 10 carries Franco-Nevada, JLL, and other names US-active peers shy away from.

Marcus Chen

PineStone Q1 2026: $14.2B Canadian Book in 10 Quality Compounders

PineStone Asset Management runs a $14.23 billion concentrated US-equity book filed from Quebec. Top 10 holdings absorb 67.4% of AUM in quality compounders: TSM, GOOGL, MSFT, Moody's, Mastercard, AutoZone, CME, TJX, Sherwin-Williams, MSCI. Zero NVDA, zero AAPL.

Marcus Chen