The latest Q2 13F filings show plenty of movement beneath the surface. The bigger takeaway is not wholesale de-risking but a fairly aggressive rotation within growth/AI, with several high-profile managers recycling capital from prior winners into semis, hyperscalers, infrastructure, and selective cyclicals.
Positioning takeaway: AI remains the dominant institutional theme, but Q2 looks like the quarter when sophisticated managers began broadening and rotating the trade rather than simply adding more of the same winners. That is worth watching as we head into the seasonally more difficult August–September period. As always, 13Fs are backward-looking snapshots as of June 30, but the changes in positioning are worth noting.
As always, I would like to thank my friends at Jones Trading – specifically, Dave Lutz (a great friend and sales trader extraordinaire) and Mike O’Rourke, who always does a great job with the wrap-up. If you have an account with Jones, consider giving them a trade or two this week. If you don’t, find Dave on Bloomberg and open an account.
| Asset Manager | Position Status | Symbol |
| 683 Capital Management | New | U, SE, HRMY, NU, MICC, PRQR, INSM, COIN, HEPS, MSTR |
| Exited | LLY, FOLD, APLS, LEN.B, BKNG, CCOI, GSAT, PCSC, VKTX, TBPH | |
| Added | IFRX, CDLX, LXEO, AIV, CVNA, CNTB, STTK, AMTM, RNAC, HHH | |
| Reduced | GUTS, IMUX, INSE, ASTH, GPK, GCTS, PYXS, CTMX, PURR, GXO | |
| Acuta Capital | New | AVBP, ARTV, CTNM |
| Exited | TERN, OCS, RVMD, IDYA, TRDA, MAZE, UNCY | |
| Added | WHWK, FDMT, DSGN, AVTX, TSHA, MLTX, AMLX | |
| Reduced | CMPX, ERAS, OCUL, TNGX, DRUG, PRAX | |
| Adage Capital | New | SYRE, TEVA, ELVN, JBIO, CLYM, SMMT, DGX, EWTX, ASND, LEGN |
| Exited | CNTA, TERN, MDGL, HCA, PTGX, FOLD, VRDN, ALHC, RHP, ABUS | |
| Added | SABS, BBIO, FULC, TVTX, SION, ANRO, RARE, AVTX, ORIC, FDMT | |
| Reduced | CMPX, TNGX, RPRX, RVMD, AMLX, MAZE, RLAY, DYN, AVAH, NAMS | |
| Advent International | New | LUNR, AMZN, AVGO, ESE, AER, ARXS, MDB, DPC |
| Exited | GFL, WDAY, INTU, EQH, OWL | |
| Added | NIQ, NU, STEP, BKR, VST, ARES, SNPS | |
| Reduced | MRVL, DT, RPID, SEI, AMD, CRS, LAD, GPI, TSM, TDG | |
| ADW Capital | New | |
| Exited | ||
| Added | DRVN, TIC, PAR | |
| Reduced | ||
| Affinity Asset Advisors | New | IDYA, QURE, ASMB, BHVN, SNSE, NMRA, AMLX, SPRB, EIKN, BOLD |
| Exited | CNTA, ACLX, TERN, BBIO, WVE, CORT, KZR | |
| Added | PRQR, EQ, SGMT, AVTX, CATX, ALEC, ROIV, SABS, IBIO, LXEO | |
| Reduced | ZURA, TEVA, CMPS, RZLT, OVID, OBIO, APGE, ALKS, TRVI, NXTC | |
| Akre Capital | New | |
| Exited | ||
| Added | CSGP, NOW | |
| Reduced | BN, KKR, ORLY, CCC, ABNB, V, MA, MCO, ROP, AMT | |
| Alibaba Group | New | |
| Exited | ||
| Added | NO CHANGES | |
| Reduced | ||
| Alkeon Capital | New | AMAT, NOK, MKSI, SIMO, NVT, SPOT, MCHP, XE, AMD, INTC |
| Exited | SOLS, TTMI, JCI, AVGO, RBRK, BTDR | |
| Added | KLAC, APH, BABA, YMM, TWLO, UBER, BWXT, QQQ, EQIX, SOXX | |
| Reduced | TSM, GOOGL, VRT, LRCX, ORIC, EXPE, TER, VST, NAVN, GE | |
| Alphabet / Google | New | SPCX, PBLS, FRVO |
| Exited | TNYA | |
| Added | ||
| Reduced | RVMD, GLUE, RLAY, LIFE | |
| Altimeter Capital | New | CBRS, QCOM, SPCX, MU, AMAT, KLAC, LRCX, GOOGL, SNPS |
| Exited | AXON, AVGO | |
| Added | CRWV, AMZN, MSFT, NVDA, TSM | |
| Reduced | UBER, META, ARM | |
| Amazon.com | New | XE, ALGT |
| Exited | NAUT | |
| Added | ||
| Reduced | ||
| Apollo Global Management | New | SPCX, PRMB, CORZ, TSM, GPC, CHTR, OVV, DVN, OPITQ, VG |
| Exited | ADT, NVDA, ARES, OC, MHK, BLDR, JHX, MBC, OPTU, SGHT | |
| Added | SATS, UNIT, PRIV, INVH, CYH, LINE, CHDN | |
| Reduced | HGV, CMCSA, KMX, GBTG, TPG, AEVA, MNKD | |
| Appaloosa Management | New | BA, AAL, CRWV, AVGO, SPCX, GT |
| Exited | SNDK, GLW, PDD, LHX, RTX, BALL, JD, LYFT, MSFT, KWEB | |
| Added | UBER, AMZN, BIDU, TSM, META, VST, GOOG, NVDA, NRG, EWY | |
| Reduced | BABA, WHR, MU, QCOM, AMD | |
| ARP Global Capital | New | NVDA, AMAT, HUT, FSLR, XME, HOOD, CRWV, BTDR, C, SEI |
| Exited | EWZ, EEM, XOP, GDX, TAN, EWY, XLE, UUUU, NXE, ALTI | |
| Added | LLY, OIH | |
| Reduced | TSLA, BE, TSM, CCJ, BWXT | |
| Atreides Management | New | SPCX, CBRS, META, APH, GTLB, CIFR, IOT, PDFS, TTAN, NTRA |
| Exited | LITE, SATS, ZM, RKT, VST, RBLX, HUBS, SNPS, RL, AXON | |
| Added | CRWV, WIX, PANW, AKAM, ACVA, COMP, AFRM, MA, NOK, CRDO | |
| Reduced | ALAB, U, W, TWLO, DKS, GOOGL, MU | |
| Avidity Partners | New | CTRE, UNH, COGT, INSM, AMN, CELC, HUM, CRVS, ASND, MLYS |
| Exited | DOC, AVTR, QGEN, ICLR, AGIO, MDGL, ESPR, HQY, DAWN, CNC | |
| Added | EHC, ENSG, CTMX, VKTX, TVTX, REPL, SPRY, EHTH, EDIT, RLAY | |
| Reduced | GSK, BCRX, CYH, PALI, ARDX, PMVP, IFRX, ARQT, PCVX, LQDA | |
| Avoro Capital Advisors | New | SNSE |
| Exited | APLS, CNTA, TERN, SLNO, ALKS, MNKD | |
| Added | DFTX, TSHA, CYTK, VRDN, AVTX, QURE, ARWR, OCUL, UTHR, CELC | |
| Reduced | LXEO, VERA, RVMD | |
| Baillie Gifford | New | SPCX, CFR, KLAC, VALE, IDXX, VST, HIMS, PDFS, BRK.B, GNRC |
| Exited | PEN, CME, TROW, MBLY, HTFL, RAMP, TNDM, SANA, LU, WAB | |
| Added | QXO, PONY, CRH, PBR, RY, GRAB, EQT, MDLN, AVGO, VIST | |
| Reduced | CPNG, AUR, NU, RKLB, TEAM, RPRX, NFLX, DOCS, RYAAY, SCI | |
| Bain Capital Life Sciences | New | |
| Exited | CNTA | |
| Added | CABA, ALKS | |
| Reduced | NAMS, HTFL, ANNX, OLMA, AVIR, UPB, KYTX | |
| Baker Brothers Advisors | New | SNSE, CYTK, NTLA, PBLS, TNGX, AVTX, IMNM |
| Exited | ABVX, SYRE, CNTA, IMCR, CTNM, ARGX, CMPS, PHVS | |
| Added | ABCL, VSTM, RVMD, RLAY, INSM, IDYA, CLDX, RCUS, VRDN, DSGN | |
| Reduced | CERS, SMMT, EWTX, IMTX, JBIO, ROIV | |
| Balyasny Asset Management | New | SPCX, IVV, USB, CBRS, XLF, PINS, NUVL, ACA, ESI, SMCI |
| Exited | HOLX, JCI, CTRA, CWAN, SEE, WBS, TERN, BA, MASI, MAR | |
| Added | AES, ZD, HBAN, AMC, QXO, AUR, TOST, HTZ, CZR, CMG | |
| Reduced | GRAB, CLSK, PFE, WBD, GOSS, STLA, VNET, KVUE, ERAS, TWO | |
| Barometer Capital | New | RY, MS, C, CSX, GOOGL, BHP, IRM, GS, LLY, AMZN |
| Exited | NTR, AEM, CNQ, RTX, ENB, GD, HDWEY, MFC, BWXT, CCJ | |
| Added | SAN, HBM, SBS, TV, BBD, CSAN, TLK, LU, LRCX, BCS | |
| Reduced | AGI, SU, KGC, BG, CP, RIO, ASHR, AU, EWP, GFI | |
| Baupost Group | New | CME, AXTA |
| Exited | WTW, PCVX | |
| Added | NCLH, GPC, GDS, AMZN, GOOG, FERG | |
| Reduced | LBTYK, QSR, COLD, DNOW, WCC, EXP, UNP, TFX, AON | |
| Beach Point Capital | New | MFIC, CCAP |
| Exited | ||
| Added | ||
| Reduced | FSK, OCSL, DBD, CTEV | |
| Berkshire Hathaway | New | DHI |
| Exited | STZ | |
| Added | GOOGL, GOOG, DAL, M, LEN, NYT, LEN.B | |
| Reduced | BAC, KR, COF, NUE, ALLY, DVA | |
| Blackstone Group Conf. treatment | New | SPCX, DLR, CRWV, CBRS, XHB, ARTV, BTDR, ORKA, FRVO, DPC |
| Exited | CWAN, VNOM, TERN, ASMB, PGR, KLAR, ABT, FIS, BP, KMB | |
| Added | VG, KMI, ET, EPD, SPY, WBS, FPS, ALXO, NFG, AVB | |
| Reduced | BMBL, LGN, PTEN, TRP, OKE, ACHR, GRAB, HESM, CX, CMPX | |
| Bloombergsen | New | MSFT |
| Exited | ||
| Added | BKNG, SWIM, CBZ, HURN, CVNA, TOST, KVYO, W, ZS, MEDP | |
| Reduced | WRB, SUNB, PNFP, PGR, CIGI, NOW, CPAY, AON, HCA, UNH | |
| Boxer Capital | New | QTTB, SYRE, RLAY, KZIA, STTK, FBRX, IMTX, SNSE, NMRA, MPLT |
| Exited | TERN, SLNO, KALV | |
| Added | REPL, PGEN, OCUL, QURE, CAPR, IRD, INO, ABVX, DFTX, SRZN | |
| Reduced | ALLO | |
| Braidwell LP | New | HUM, MAZE, AVTX, ORKA, IMCR, OVID, MNKD, QURE, OCS, IMUX |
| Exited | CNTA, NUVL, CGON, APGE, PEN, SLNO, ILMN, BMRN, ESTA, FULC | |
| Added | ATEC, CLYM, AVAH, DMRA, ACHC, ACRS, CRVS, TMDX, NKTR, CAI | |
| Reduced | MRVI, CDNA, CLDX, ACAD, MBX, DYN, GLUE, NEO, NRIX, BTSG | |
| Bramshill Investments | New | SJNK, CQQQ, PEP, EXR, PFFA, CIBR, CCI, HIW, NKE, OHI |
| Exited | SPLB, SGOV, NAD, RITM, HYT, VICI, FXI, EWW, EWY, PRU | |
| Added | VVR, PGX, PFF, NEAR, PML, MINT, JPC, NHS, HEDG, SHYG | |
| Reduced | SRLN, MLN, GNK, FLNG, LPG, VCLT, HPQ, RSPT, F, XLY | |
| Bridgewater Associates | New | ES, APP, ED, NI, NOW, DUK, NTNX, APA, EXE, VMC |
| Exited | CSCO, ASX, CRWV, PRIM, BN, AAOI, PLTR, NBIS, SLF, BMY | |
| Added | RIG, PCG, PBR, NOV, HAL, AR, SBSW, SHEL, EIX, TOST | |
| Reduced | AMZN, MRVL, AMKR, MFC, HPE, VALE, MU, ANET, TSM, GRAB | |
| Brookfield Corp | New | SPCX, XEL, LNT, MORN, AROC, FRVO, INVH, NVT, MAC, PWR |
| Exited | CMS, GLIBK, ES, EVRG, NFG, UE, DY, FSLR | |
| Added | ET, PNW, DEO, NKE, SOBO, BN, KNTK, TLN, LNG, ETR | |
| Reduced | PCG, FE, NTST, KMI, HESM, BRX, EPRT, ESRT, SBRA, HST | |
| BVF Inc. | New | QTTB, ABSI, SGMT, ENTX |
| Exited | CMPX, SEPN | |
| Added | IVVD, XOMA, OKUR, AVTX, ALKS, RVMD | |
| Reduced | IMUX, KYMR, MIRM, TYRA, PVLA, NKTR, IRON, GPCR, ZYME | |
| Cadian Capital | New | SPOT, VRNS, DHR, AMZN, EQIX, META, WK, SHC, MDLN |
| Exited | DKNG, PANW, GLBE, PEGA | |
| Added | SIBN, PLNT, BSX, INTA, TCMD, PCOR, MXCT, MNDY, ALKT, OABI | |
| Reduced | CYRX, FLYW, NTNX, HQY, GH, TSM | |
| Carlson Capital | New | COF, MCD, DVN, PM, MA, AR, WMT, META, FISV, SNPS |
| Exited | SWKH, CFR, SEE, HD, SLB, OVV, STT, FND, NDAQ, WHD | |
| Added | HBAN, FHN, ONB, HAL, TFC, WFC, COLB, BAC, PNFP, ACI | |
| Reduced | RKT, BRBR, WBS, AAUC, EA, AON, AJG | |
| Carlyle Group | New | REPX, NBIS, METC |
| Exited | CUBE, HTFL, SYRE, XCUR | |
| Added | SPWR, HOOD | |
| Reduced | QTTB | |
| Casdin Capital | New | PBLS, SION, SRPT, QURE, EDIT |
| Exited | QGEN, TEM, MLTX | |
| Added | RLAY, PSNL, ANL, WGS, SRRK, GRAL, DNLI, NGNE, MAZE | |
| Reduced | BLFS, TXG, GH | |
| CastleKnight Management | New | NXPI, SKM, WIX, KDP, VSH, CLF, SHAZ, LMB, ZTS, FLO |
| Exited | BITF, CHRD, DAL, OPTU, APA, CRGY, MTDR, NOG, DBRG, SM | |
| Added | ALIT, FERMI, NAT, DXC, DHT, ASIX, WOOF, HAIN, ERO, AMCX | |
| Reduced | INV, UPLD, CIFR, PK, MRVL, HUT, RLJ, RIOT, FNKO, SIMO | |
| Chilton Investment | New | BOBS, AADX, LOAR, AXON, AEIS, ITT, SHAK, DAN, TKR, ASTS |
| Exited | COF, UBS, RJF, RL, SKWD, XOM, EWJ, TEL, CEG, NOC | |
| Added | XYL, AAPL, VUG, GOOGL, CNEQ, FERG, V, BRC, AMZN, CSCO | |
| Reduced | SHW, WRBY, APH, DASH, PGR, HD, CRH, SMFG, DOCS, WM | |
| Citadel Advisors | New | SPCX, CBRS, AEIS, FMDE, PCOR, XLV, ARXS, GMAB, VOO, QQQM |
| Exited | IEF, CTRA, CWAN, TERN, GMED, PTGX, FTI, MIRM, ALHC, MTZ | |
| Added | LLYVA, GRAB, PLUG, AMC, WBD, KDP, IVV, AES, MDLZ, T | |
| Reduced | PATK, CHEF, BEN, COMP, SOFI, BMNR, NVDA, CAG, EVTL, BBD | |
| Clearbridge Investments | New | SPCX, NOK, MTSI, MTUM, LITE, CLS, MTZ, FDXF, ATI, DOCN |
| Exited | MTG, NWG, ENSG, RYAN, OTEX, SLAB, AMH, DEO, LEN, HIG | |
| Added | PBA, OTIS, UBS, BX, BSX, BIP, NCNO, XOM, ANET, DTM | |
| Reduced | PCG, DOCS, NFLX, FCX, MSFT, PEG, AMZN, SONY, ENB, TSCO | |
| Coatue Management | New | SPCX, INTC, CBRS, FPS, HUT, BAH, AMD, FIX, AGX |
| Exited | V, CHYM, SOLS, CHRW, IBIT | |
| Added | AMZN, MU, CVNA, GOOGL, MSFT, AVGO, ETN, EQIX, TSLA | |
| Reduced | NFLX, AMAT, LRCX, PINS, SNPS, TSM, PATH, META, NVDA, GOOG | |
| Commodore Capital | New | TNGX, EDIT, IFRX, VTGN |
| Exited | ERAS, XENE, NRIX, CRVS, SLNO, OCUL, PALI, KPTI | |
| Added | EYPT, RLMD, ANTX, AVTX, ASMB, COGT | |
| Reduced | RLAY, SABS, CLDX, ALKS, SYRE, NUVL, TYRA, KYMR, PHVS | |
| Connor Clark & Lunn | New | FTNT, ALAB, OGC, MRVL, NEM, AZO, SMCI, RYAAY, BKNG, JBL |
| Exited | TGB, EWY, BMY, MELI, EGO, SE, ETN, PLTR, CEG, SNOW | |
| Added | BTG, BTE, CVE, VOD, ENB, HDB, VZLA, NVTS, AAL, EFXT | |
| Reduced | EQX, VALE, F, BNS, HBM, BB, SBSW, CNQ, AQN, INFY | |
| Cormorant Asset Management | New | PBLS, CLYM, SYRE, DFTX, ELVN, IBIO, ALT, BOLD, QNCX |
| Exited | CNTA, MAZE, TERN, ZURA, AXSM, GLUE, RLYB, CNTX | |
| Added | ANL, BHVN, SNSE, ERAS | |
| Reduced | OLMA, MLTX, EYPT, EWTX, ALMS, MBX, DMRA, BIOA, CABA, NAMS | |
| Corvex Management | New | VST, PLNT, FWONK, MEG, FWONA |
| Exited | CSGP, LION, CRM, IWM, AMBP, LAB | |
| Added | WGS, META, AMZN | |
| Reduced | FTRE, SWX, ILMN, IAC, QSR, CX, UNP | |
| Cyrus Capital Partners | New | SLV |
| Exited | GTX, MEOH, NBIS | |
| Added | ||
| Reduced | ||
| D.E. Shaw | New | SPCX, EWZ, NXPI, STRL, FXI, SIMO, FDXF, IQV, AMBQ, XLB |
| Exited | ADP, IBIT, SOXX, EWY, SRE, UTHR, ZBRA, OC, CUK, SJM | |
| Added | XMTR, WBD, SPY, BB, RIVN, MCHP, MARA, DVN, BBD, XLE | |
| Reduced | SOFI, PLUG, NIO, KVUE, QS, OPEN, BTG, INTC, RGTI, OPTU | |
| D1 Capital Partners | New | SPCX, META, ISRG, COMP, LIN, TSLA, LSCC, BLDR, Q, MPWR |
| Exited | KNX, AVGO, NVDA, XPO, CLS, TSM, LYV, BLD, ADSK, ASML | |
| Added | NU, CVNA, JCI, FERG, SHW, DIS, U, SGI, GOOGL, SPOT | |
| Reduced | LINE, SE, PURR, TXN, CPNG, AMZN, FLS, KRC, JHX, ADI | |
| Dafna Capital Management | New | KYMR, ANL, RNA, EPRX, DSGN, CRBP, ARTV, EDIT, QTTB, NVCT |
| Exited | DAWN, KALV, FULC, ORIC, ZBIO, NAMS, KPTI, NMRA | |
| Added | ALLO, DNLI, AQST, CTMX, ANNX, NKTR, SNDX, EWTX, KIDS, PODD | |
| Reduced | SCYX, BHVN, CMPS, MBX, BCAX, VRCA, XBI, KURA, IMTX, CGEN | |
| Deep Track Capital | New | ALNY, GHRS, UTHR, AVTX, ALT, WGS, HROW, IMMX, STTK, MNKD |
| Exited | APLS, CNTA, BBIO, TERN, GERN, ANIP, SLNO, APGE, JANX, CBIO | |
| Added | ATAI, VRDN, BMRN, GMAB, CLDX, MANE, TNGX, NRIX, COGT, PSNL | |
| Reduced | IMVT, IMCR, MBX, CYTK, KURA, ENTA, DYN, XFOR, ALMS, IVA | |
| Deerfield Management | New | MLYS, BSX, PBLS, CHE, ADAG |
| Exited | CPRX, NBIX, DAWN, EHAB, KYMR, CMPX, TSHA, CGEM, PHGE, MANE | |
| Added | GMAB, IDYA, BMRN, TYRA, LEGN, GPCR, PHVS, VERA, DNTH, RVMD | |
| Reduced | MIRM, COGT, INDV, INSP, CNC, VCYT, CERT, SION, CDNA, ARWR | |
| Diameter Capital | New | IAU, SHAZ, TDS, SPCX, CMCSA, OVV, SEI, CHTR, CBRS, WING |
| Exited | PCG, UWMC, SLRC, RH | |
| Added | MBC, JHX, VISN, AMBP, FBIN | |
| Reduced | UNIT, BBDC, SATS, NCDL, PFLT, SILA | |
| Discovery Capital | New | AMC, TE, CVX, RACE, TTWO, GS, LPLA, FIVE, WRBY, MWH |
| Exited | IFS, VNET, IBIT, LNG, ROST, TER, SOXX, GLNG, CLF, MDLN | |
| Added | JBS, COMP, NU, FISV, JRVR, BBAR, BAP, WOLF, AGRO, YPF | |
| Reduced | IREN, ON, AMX, SATS, CX, LRCX, MU, TV, STUB, GENI | |
| DME Capital Management | New | FBIN, PRMB, PYPL, WBD, PVH, CMCSA |
| Exited | VSCO, SLM, PTON, WFRD, ZIM, KPLT | |
| Added | DCH, SHC, VTRS, GPK, TRIP, AR, CNR, BKV, REZI, HSIC | |
| Reduced | VSNT, CNC, DHT, PENN, ACHC, CPRI, SNX, SPB, FLR, TEVA | |
| Dragoneer Investment | New | SPCX, AMD, AMZN, CBRS |
| Exited | NVDA, CPNG, META, CVNA, XYZ, SAIL, DDOG, WLTH, OSCR, GTM | |
| Added | ||
| Reduced | GLBE, KLAR | |
| Driehaus Capital | New | CLDX, TH, LEGN, CUE, ASMB, PBLS, SGMT, CRBP |
| Exited | BBIO, CGON, GMED, KALV, JBIO, XERS, AKTS | |
| Added | DFTX, DSGN, NEO, ADPT, TWST, PTCT, INDV, MAZE, SION, ELAN | |
| Reduced | ARQT, ABCL, TARS, RYTM, APGE, KYMR, ONC, GRDN, XENE, ASND | |
| Duquesne Family Office | New | GOOGL, FOXA, CDW, BTDR, DAL, FLR, DHI, AMD, PANW, HUT |
| Exited | AVGO, OPCH, FIGR, QSR, LSCC, HUM, TWLO, JBL, GSG, BE | |
| Added | CLF, PCT, ADMA, DAKT, UAL, AMZN, STM, INSM, CRH, NTRA | |
| Reduced | TEVA, AA, ROKU, TBBB, WWD, YPF, ARM, ARGT, WAB, SNDK | |
| Durable Capital | New | TWLO, ROL, AGL |
| Exited | IWM, YOU, CIGI, RBLX, ESAB | |
| Added | AUR, CVNA, FLS, SHOP, CRH, XMTR, FERG, FN, GSHD | |
| Reduced | CPNG, MDLN, TECH, OPCH, RKT, APG, FOUR, AFRM, ENTG, RBC | |
| Ecor1 Capital | New | FULC, LEGN, AURA, PHVS, NRIX, AARD |
| Exited | JAZZ, CNTA, CRNX, XNCR, REPL, PRLD, IBIO | |
| Added | ATRA, STOK, CGON | |
| Reduced | MREO, RLAY, ERAS, MBX | |
| Edgepoint Investment | New | MRSH, CSGP, GTLB |
| Exited | LKQ | |
| Added | AQN, MAT, DLTR, AMZN, RBA, TEL, SPGI, TMO, BRO, NU | |
| Reduced | TWST, QSR, ROST, OR, UNP, RMBS, AMAT, HBM, GIL, AME | |
| Egerton Capital | New | AMAT, EFX, SPGI, VST, RIOT |
| Exited | CRS, CME, CNQ, ACGL, RNR, NYT | |
| Added | MDLN, APH, CRH, AMZN, DVN, NVDA, AWI, EMBJ, FERG, VMC | |
| Reduced | UBER, IBKR, LIN, GOOG, MA | |
| Elliott Investment | New | SNPS |
| Exited | CCI, GLIBK | |
| Added | HPE, NCLH | |
| Reduced | SU, LUV, SDRL | |
| Empyrean Capital | New | SGI, ROKU, AESI, WULF, ALGT, FWONK, IEAG, TFX, TRIP, LION |
| Exited | VISN, CMCSA, FOXA, IAC, RIG, MCW, RAC, NN, IGV, KPET/U | |
| Added | MTAL/U, OIM, VSAT, BP, APO, COF, INVH, DK, UNP, CPT | |
| Reduced | OPTU, SNAP, AXTA, ACIC, WBD, TXNM, SHEL, STZ, VIR, NG | |
| Encompass Capital | New | MUR, PUMP, BKR, PTEN, VG, FCEL, CLF, NSC, CNI, MEOH |
| Exited | BTE, ALM, CEG, WTTR, MUSA, UEC, AA, TBN, PR, CSX | |
| Added | SOC, SEI, SM, OXY, VIST, POWL, CNR | |
| Reduced | CMBT, AESI, FPS, TTI, NESR, NVGS, CENX, ASPI, RNGR, FLOC | |
| Engaged Capital | New | FRPT |
| Exited | ||
| Added | GXO | |
| Reduced | YETI, BL, VFC, CGNX | |
| Eventide Asset Management | New | RELY, SNX, ORKA, SYRE, BKH, NXPI, ACHV, TNGX, CRWV, ANL |
| Exited | PLD, GLBE, CNTA, EQT, ADCT, IVVD, OCS, CSTL, CRVS, HELP | |
| Added | OVID, IMMX, RLMD, FITB, BBNX, KLAC, RBRK, IRTC, DDOG, DELL | |
| Reduced | HBAN, XMTR, GH, IP, APGE, AXSM, HAL, WGS, AMLX, SION | |
| ExodusPoint Capital | New | SPCX, SHOP, CBRS, BRK.B, WM, HD, FPS, XYZ, OLLI, CAH |
| Exited | SO, GOOGL, HON, COO, RSP, NFLX, VEEV, LYB, NOW, MU | |
| Added | FERMI, QXO, GERN, AMZN, CNH, AAPL, XLF, CCC, GO, WULF | |
| Reduced | TSLA, NVDA, PPL, ACI, KOS, CAG, LUNG, ARDT, PLUG, CIFR | |
| Fairfax Financial | New | EGO, KSPI, RCI, DPZ, EA, CPAC |
| Exited | KW, BB, PRTH | |
| Added | ORLA, KHC, WEN, UAA, TAP, PFE, WBD | |
| Reduced | GTX, MX | |
| Farallon Capital | New | PBLS, TSHA, SGMT |
| Exited | CNTA, TYRA, THC, CAH, DNTH, CGON, RPRX, RNA, MOH, IRD | |
| Added | IMVT, TNGX, ACHC, AVTX, BBIO, MAZE, TWST, CRNX, ASMB, GH | |
| Reduced | BBNX, UNH, ENTA, TEVA, PACB, RANI | |
| Fisher Asset | New | ORKA, SNDK, KWR, HII, IWV, KYMR, COIN, TSBK, CIVB, FCBC |
| Exited | ACA, NUVL, MYGN, REGN, ANAB, CPRX, FOX, HRL, ROP, VOD | |
| Added | CSCO, IEF, MRK, GE, VCIT, PANW, PFE, JNJ, UNH, ORCL | |
| Reduced | LYG, ING, CNQ, NWG, BBVA, SU, COP, TTE, JCI, SAN | |
| Frazier Life Sciences | New | PBLS, ACHV, DSGN, STTK, RLAY |
| Exited | KALV, RVMD, AGIO | |
| Added | ALLO, AURA, NAMS, MNKD, MAZE, LXEO, ERAS, ASND | |
| Reduced | BBIO | |
| Glendon Capital | New | AZLUY, AMBP |
| Exited | SVC | |
| Added | OCFC, NRG | |
| Reduced | CNK, TLN, GASS, VST | |
| Glenview Capital | New | A, LLY, MKSI, STM, ABBV, AZN, ELV, MCHP, BRKR, NVS |
| Exited | DXC, GTM, USFD, Z, LAD, LION, MYGN, SGRY, AKAM, INTC | |
| Added | GENI, GPN, EYE, DHR, VTRS, THC, TMO, UBER, META, AMZN | |
| Reduced | CVS, TEVA, CNC, ESI, AMD, FUN, XYZ, DOCN, AMAT, TECH | |
| GQG Partners | New | TRV, TEAM, HSY, ABBV, DELL, AAPL, META, MSFT, ISRG, INFY |
| Exited | OXY, BRK.B, HDB, CME, FNV, VALE, ASR, VV | |
| Added | PBR, XOM, BP, CVS, NVDA, AWK, MO, BUD, TSM, AMZN | |
| Reduced | IBN, ITUB, ENB, T, CNQ, SU, KR, AIG, CVE, VZ | |
| H&H International | New | BABA |
| Exited | TSM, CRWD | |
| Added | PDD, DIS, BRK.B | |
| Reduced | NVDA, AAPL, GOOG, MSFT, UNH, CRDO, TSLA | |
| Hawk Ridge Capital Management | New | KMX, FN, AD, SPOT, MTRN, AEVA, PFGC, AON, ARXS, ST |
| Exited | FWONK, FIS, HPE, NCNO, WK, WDC, MGRC, SMCI, RHI, GMED | |
| Added | RBA, FUN, ALLE, ECG, ESE, WEX, MLM, TKO, XPO, KGS | |
| Reduced | BL, LZ, LBRT, ACHC, PRKS, BATRK, VVV, MRP, AROC, SIMO | |
| HGC Investment Management | New | MLAA, WBD, APGE, KRAQ, FERAR, TECH, COPL.WS |
| Exited | KFII, CRAC, LKSPU, QUMS, APLS, APAD, CAEP, USAS, SIMA, CGCTW | |
| Added | LPCVU, IRHOU, OIM, IPCXR, IACOU, HAVAU, HCACU | |
| Reduced | DMII, NPAC, SZZL, LCCC, EA | |
| Himalaya Capital Management | New | |
| Exited | BAC, OXY, SPGI, HRB, MCO, MSCI | |
| Added | PDD, BRK.B | |
| Reduced | ||
| Horizon Kinetics | New | CTRI, AMRZ, RDW, KMB, UPS, ENB, DORM, WTTR, MFM, MUB |
| Exited | BOXX, TPH, PTEN, SEE, TQQQ, SQQQ, AWR, T, NOC, NFLX | |
| Added | MIAX, BTC, HE, BCHG, WBI, FERMI, LTCN, LB, OR, ICE | |
| Reduced | GBTC, DBRG, CCL, TPL, WEN, HHH, WPM, MYI, CVEO, NAD | |
| Icahn Enterprises Conf. treatment | New | |
| Exited | ||
| Added | SD | |
| Reduced | JBLU, AEP | |
| Ikarian Capital | New | RCUS, COGT, CCCC, VRDN, HIMS, ELVN, KZIA, QTTB, BIOA, MNPR |
| Exited | TERN, CYTK, RVMD, ORKA, SLNO, IONS, PVLA, LLY, SRZN, LEGN | |
| Added | PRQR, RZLT, CRDL, PALI, BHVN, ABVX, PMN, ANIP, VERA, CNSP | |
| Reduced | CNTB, CMPS, OVID, IMUX, RLMD, HROW, EPRX, ALMS, RARE, IVA | |
| Intel Corporation | New | |
| Exited | ||
| Added | NO CHANGES | |
| Reduced | ||
| Kayne Anderson Rudnick | New | GMED, CDNL, STRL, SMLF, ANDG, FIGR, APG, SPCX, CTA, VG |
| Exited | GLBE, NVEC, CHKP, ZS, JPEF, EIX, FLOT, VRE, AIZ, FDS | |
| Added | DYNF, HDV, IJH, KLAC, MDLN, MRVL, TBBB, TRMB, IWF, LYFT | |
| Reduced | BSY, IBKR, NCNO, OLLI, CHH, ZWS, ALH, ROL, WRB, DFH | |
| KKR | New | SPY |
| Exited | ||
| Added | ||
| Reduced | BTSG, OXLC | |
| Lakewood Capital | New | CPA, SPOT, CCS, HCA, INGM, LKQ, NSP, IOT, FERMI, GDS |
| Exited | AL, BZH, TFX, C, DELL, QQQ, ASST, COF, WAY, BAND | |
| Added | AXTA, CPNG, CDW, BKNG, ALLY, JD, FAF, IQV, AMRZ, SSNC | |
| Reduced | TFSL, RELY, UNFI, IBIT, HSIC, ICLR, KMPR, BC, SHC, CMCSA | |
| Lansdowne Partners | New | NVT, A, ST, LAMR, OUT |
| Exited | ALC | |
| Added | BKR, IONQ, TSM, ARM, B, AMZN, UAL, RAL, TXN | |
| Reduced | TECK, SW, SLB, LIN, ETN, ADI, DAL, GOLF, ROK, MAR | |
| Light Street Capital | New | ALAB, TOST, RDDT, MELI, SNOW, MDB |
| Exited | BILL, IOT, LITE, AMPL | |
| Added | CPNG, GTLB, CLBT, AMKR, CHYM, BE, AVGO | |
| Reduced | NVDA, AMD, AMZN, FROG, MKSI, NXPI, TSM | |
| Logos Capital | New | BNTX, VERA, BLTE, ACHV, COGT, CMPS, MLYS, REPL, SMMT, CRSP |
| Exited | CNTA, TERN, CYTK, UTHR, MDGL, BIIB, TYRA, NAMS, MIRM, PCVX | |
| Added | CLDX, OCUL, CBIO, MLTX, DYN, DSGN, ERAS, AVTX, JBIO, MAZE | |
| Reduced | RVMD, IMCR, RCUS, TRVI, ACAD, IDYA, IMVT, RLAY, AMLX, LBRX | |
| Lone Pine Capital | New | NBIS, STX, HD, AMAT, LIN, TTMI, STRL, ONON, BTDR, SHAZ |
| Exited | VST, TLN, CLH, THC, COF, ENTG, CIEN, VMC, SPOT, MA | |
| Added | NU, MDLN, CVNA, WULF, PFGC, USFD, V, GOOGL | |
| Reduced | BN, TSM, GLW, CRS, LPLA, APP, TER, MCK, HUT, MTZ | |
| Long Pond Capital | New | SBAC, CHDN, FERG, BLDR, ELS, HD, LOW, LPX, ARE, FBIN |
| Exited | INN, NCLH, H, AMH, KRC, JHX, CUBE, LINE, CSR, TMHC | |
| Added | COMP, HGV, FUN, KREF, POOL, MHO | |
| Reduced | DOC, COLD, PRKS, JAN, WH, IRT, JBGS, WYNN, CPT, SMA | |
| Lynx1 Capital | New | PLRX, FHTX, AVTX, NUVB, EPRX, IKT |
| Exited | GHRS, IMTX, DSGN, IBIO, PRQR, ABSI | |
| Added | AGIO, TRAW, CCCC, PASG | |
| Reduced | DNLI, STOK, XNCR, DTIL, TRDA, CGON | |
| Magnetar Financial | New | D, TECH, APGE, CZR, RAMP, BRKR, ACA, OGN, SMCI, LEG |
| Exited | AL, PRA, MASI, CSGS, FOLD, TPH, ACLX, THR, APLS, CTLP | |
| Added | PAYO, GOOGL, AACOU, ILLUU, CAQUU, IACOU, ACAAU, ORCL, SVACU, MZYX/U | |
| Reduced | CRWV, MLAA, VECO, CCXIU, CCC, AAUC, BACC, TDAC, WBD, BARK | |
| Man Group | New | SPY, OGN, VAL, VG, STUB, XENE, ACA, R, TLT, PKG |
| Exited | CWAN, HOLX, OS, CSGS, APLS, MASI, SEE, QSR, HAS, ACLX | |
| Added | CMCSA, GRAB, CMG, ASX, LYB, ITUB, AES, BAC, AIG, HYG | |
| Reduced | F, HDB, NU, VALE, IBN, B, MFC, TDOC, DVN, BTG | |
| Mantle Ridge | New | |
| Exited | DLTR | |
| Added | ||
| Reduced | ||
| Maple Rock Capital | New | SW, RXO, FDXF, MOS, RMBS, GPK, TECK, GM, TLN, AMZN |
| Exited | GT, BTG, WHR, CAR | |
| Added | RKT, AAP, ASTL, ICLR, WERN, MT, BKD, CNC, RUN, AA | |
| Reduced | CLF, LYFT, EQX, JD, ASO, STX, SNDK, WDC | |
| Marshall Wace | New | LPLA, HUM, RSG, WING, RSP, BLK, RJF, COR, TRGP, CPNG |
| Exited | MRK, SRE, PODD, RKLB, KMB, XLB, JBL, CHWY, WMB, TIGO | |
| Added | AMC, QFIN, NOK, IVV, BAC, AVTR, INTR, DX, CPRT, ABEV | |
| Reduced | GRAB, PFE, RKT, RIG, KVUE, VTRS, WULF, ESPR, YMM, HBAN | |
| Maverick Capital | New | META, DPC, SNOW, INSM, VMC, PFGC, VOYA, MANE, BLTE, ABVX |
| Exited | AGX, LIN, INFQ, ABT, DHR, MCD, MOH, CNTA, MELI, MDLN | |
| Added | NU, GFL, MIR, CVNA, BSX, ROIV, NAMS, PM, COMP, KO | |
| Reduced | TECH, AMAT, TSM, NVO, GLW, AMZN, ASML, COTY, SWX, MRVL | |
| Mawer Investment | New | VMI, SKM, AVGO, NOW, FORM, WCC, ADSK, RXO, TER, XPEL |
| Exited | OSIS, NTES, ENSG, MKC, WMG, LGN, KSPI, PDD, CHRD, ORLY | |
| Added | NVDA, AEP, SHEL, BKNG, MDLN, COR, VEEV, VRSK, ABBV, CGNX | |
| Reduced | APH, MRSH, VZ, TME, VVV, MSFT, AMZN, GOOG, FCN, NU | |
| Melqart Asset Management | New | ABVX, CZR, AMZN, APGE, LRCX, ANET, ARES, STX, CPRX, TSEM |
| Exited | CWAN, KVUE, TERN, FN, AVGO, VSNT, WDC, FWRD, CPRI, VAL | |
| Added | WBD, AES, TWO, CMBT, TXNM, RTAC, PEN, GPN, NSC, URA | |
| Reduced | AXTA, MRVL, RVMD, NVDA, INDV, IHRT, AEVA, CYTK, TSM, GTLS | |
| Millennium Management | New | SPCX, EXR, MPWR, SMH, NVS, IONQ, TECH, SW, CBRS, NBIS |
| Exited | SPYM, CTRA, HOLX, CWAN, MASI, TERN, FOLD, APLS, ESAB, AL | |
| Added | DOCN, LAR, WBD, AES, JHX, DVN, QXO, MOS, BTBT, CX | |
| Reduced | LI, JD, HBAN, ETHA, BAC, CDE, OPEN, IBIT, F, IAUX | |
| MMCAP International | New | TAC, MELI, SE, DBC, JMIA, BABA, MLAA, MEVO, AN, STLA |
| Exited | XNDU, CGCT, SIMA, HYAC, POET, CAEP, DBCAU, MBAV, TDAC, BITF | |
| Added | MZYX/U, IACOU, MESHU, ADACU, LPCVU, NHICW, SBXE.U, ITHAU, CAQUU, BLRKU | |
| Reduced | ZOOZW, ZONE, CCXIU, EU, ASTL, ARIS, VGZ, WY, MLAC, STM | |
| Mubadala Investment Co | New | SNDK, APH, NVDA, ARW, EXE, ISRG, ADI, SYM, CNC, AU |
| Exited | AVGO, KEY, WDC, EVO, SHOP, AAPL, AER, MRK, CMI, MTCH | |
| Added | OWL, CVS, GEN, CI, B, PLTR, APTV, MMS, AIG, UHS | |
| Reduced | GFS, ARM, TXN, BMY, NVST, GILD, ASB, NEM, FDX, LRCX | |
| Newgen Asset Management | New | TAC, AEM, SHOP, CCJ, IAG, SLSR, ATS, VISN, SLRC |
| Exited | CDE, BEP, WFG, BAM, ZD, DCBO, TRS, NCDL | |
| Added | ELME, ARI, CAE, GIL, PSBD, OCSL, GBDC, BGSI, MSDL, MFIC | |
| Reduced | USAS, HSLV, VZLA, EFXT | |
| Norges Bank | New | SPCX, SUNB, CRWV, PNFP, TTMI, IREN, FDXF, CBRS, GSAT, VSNT |
| Exited | EXAS, HOLX, CYBR, CFLT, DAY, PCH, FYBR, RNAM, SNV, CWAN | |
| Added | AZN, GOOG, KLAC, BKNG, UWMC, CCL, TTE, RKT, DB, CE | |
| Reduced | AMCR, HST, GOOGL, USB, WY, PFE, WELL, UBS, HLN, T | |
| Nvidia Corporation | New | SPCX |
| Exited | ||
| Added | ||
| Reduced | ||
| Octagon Capital Advisors | New | SMMT, ANL, SNSE, GYRE |
| Exited | CNTA, KALV, TERN, BBOT, LXEO, CATX, EVMN | |
| Added | TSHA, DFTX, ABVX, PHVS | |
| Reduced | CNTX, TRVI, OCUL, DTIL, KYMR, DNTH | |
| Omega Advisors | New | GPGI, KZIA |
| Exited | ELV, STKL, AESI, GOOGL, HSPT | |
| Added | DMAC, GEHC, FIHL, ASH, OMF, ABR, COF | |
| Reduced | SUN, FLIN, VOO | |
| Ontario Teachers | New | SPCX, LQD, ENB, WMB, AMT, TRP, KMI, TRGP, OKE, SRE |
| Exited | CRM, COF, PNC, NVDA, ABBV, CMG, MA, PGR, AZN, CMI | |
| Added | PONY, CNP, HYG, NI, CCI, ES, ED, WMT, SA, TMUS | |
| Reduced | CARR, ROK, ROST, SNOW, ETN, BURL, AMAT, ASML | |
| Orbimed Advisors | New | UNH, HUM, ARQT, WST, AURA, SYRE, WAT, MNPR, TVTX, TSHA |
| Exited | MYGN, PFE, DHR, RCEL, ESPR, BTSG, AMGN, ALHC, REGN, CARL | |
| Added | PRLD, SVRA, QTTB, COGT, GPCR, TRAW, SNDX, ATAI, LFST, BCRX | |
| Reduced | ELVN, RLMD, TRVI, SION, BSX, IRON, ORIC, NPCE, HELP, BCAX | |
| Paradigm Biocapital | New | ALNY, MBX, JBIO, ACHV, MPLT, EDIT |
| Exited | ACLX, CNTA, TERN, CYTK, ABVX, MAZE, SRRK, MIRM, MANE, URGN | |
| Added | GMAB, VRDN, EWTX, TNGX, SYRE, ASMB, OLMA, NUVL, APGE, TARS | |
| Reduced | PCVX, LXEO, ERAS, RVMD, EYPT, TYRA, ORKA | |
| Parkman Healthcare Partners | New | INBX, UNH, INDV, AVTX, ANRO, ORKA, TARS, CYRX, CLYM, RMD |
| Exited | KALV, QGEN, ABBV, ILMN, EW, NBIX, KNSA, MCK, NUVL, AXGN | |
| Added | VRDN, FDMT, ASMB, AGIO, EWTX, GPCR, AMRX, IMNM, DRUG, COGT | |
| Reduced | ABSI, OPRX, ATEC, RCUS, BSX, WAY, AMLX, LIVN, NVST, DXCM | |
| Parnassus Investments | New | KO, WMB, SNOW, FDXF, FIX, RVMD, LITE, ALAB, ROIV, TWST |
| Exited | CRM, VRSK, BIO, BILL, TRU, BR, MTD, ALNY, PCOR, INSM | |
| Added | KLAC, DASH, CNH, RTO, HUBB, MSFT, GWRE, GEV, MDLN, HOOD | |
| Reduced | BSX, O, BAC, NVDA, GOOGL, CMG, AMZN, AMAT, LLY, INTC | |
| Paulson & Co | New | GOOGL |
| Exited | AEM, FOLD | |
| Added | THM | |
| Reduced | AAMI, MDGL | |
| Pentwater Capital | New | ROKU, OGN, D, APGE, NUVL, GSAT, ACA, PAYO, SKYT, SPCX |
| Exited | MASI, HOLX, ACLX, CNTA, NFLX, CWAN, APLS, FOLD, AL, WBS | |
| Added | CZR, PSKY, TXNM, SATS, GEO, DBRG, EA, THC, SLAB, HCA | |
| Reduced | CORZ, AMC, CAR, WBD, SGRY, TECK, KVUE, BA, SPY, UNH | |
| Perceptive Advisors | New | BIIB, UNH, CRL, DHR, ANL, NVCT, MIRM, OSCR, BSX, NTRA |
| Exited | CNTA, DAWN, DRUG, BLTE, EVMN, NMRA, NBIX, IRD, IKT, APLS | |
| Added | ADGM, RLAY, BCRX, TNGX, XFOR, EOLS, ADPT, DBVT, ZYME, NRIX | |
| Reduced | IVVD, DYN, NAUT, VRDN, PALI, AXGN, ANRO, PHAT, TVTX, ADMA | |
| Picton Mahoney Asset Mgmt | New | TFII, APGE, NUVL, BBU, BAM, BLD, TPG, TXN, VLO, IEX |
| Exited | HOLX, AL, SEE, NET, ALF, FOLD, ARES, NFLX, SIMA, ACLX | |
| Added | FSM, CVE, BN, TD, BMO, BNS, SLF, RY, ENB, OGN | |
| Reduced | GPAT, CNQ, CUB, MFC, CDE, CAE, SEM, BRZE, SIMAW, GLXY | |
| Point72 | New | TXN, ATO, FLEX, CVS, LNG, PINS, BUD, FDXF, MCD, ABT |
| Exited | PH, ROST, APLS, EXE, CLX, EAT, COST, MDLN, H, PFE | |
| Added | APLD, NVST, CPNG, WK, KDP, RIG, IVVD, FERMI, TAL, PALI | |
| Reduced | EVRG, ON, GERN, NVDA, RKT, HBAN, PGEN, NOK, LION, PRMB | |
| Pointstate Capital | New | AMZN, RTX, DKNG, FLS, KNX, UNP, CSX, UAL, WMB, CLF |
| Exited | NVT, EWY, ENTG, EWZ, WCC, TEVA, LYB, RKT, DOW, VG | |
| Added | GRAB, CPNG, ILMN, META, BBAR, COF, GGAL, RMBS, Q, BMA | |
| Reduced | STUB, WAY, ARMK, RBRK, PCG, XYZ, FLUT, CAI, NTRA | |
| Polar Asset Management | New | MSFT, TD, SLF, MFC, SPY, VOO, BN, BAM, BLD, GOOGL |
| Exited | CWAN, OS, TPH, VRE, SEE, HOLX, MASI, TERN, AL, FOLD | |
| Added | KDK, CORZ, IACOU, MZYX/U, FTW, AES, SEM, CEPT, JHG, AACOU | |
| Reduced | MACI, PGAC, RANG, TAVI, FLG, MLAA, INFQ, DMAA, WBS, NVDA | |
| Polar Capital Holdings | New | PRAX, CRNX, UNH, TNGX, JBIO, DFTX, RLAY, HQY |
| Exited | REGN, SLNO, APGE, OLMA, IMNM, CRVS, ORIC | |
| Added | ELVN, ARQT, IONS, MIRM, ALNY, SYRE, ORKA, XENE, RYTM, TEVA | |
| Reduced | NAMS, CGON, TSHA, COGT, BBIO, RVMD, STOK, ZBIO, HCA, MLYS | |
| Polen Capital | New | GE, GEV, ATI, HWM, EME, RXT, APLD, EVC, CPA, CDNL |
| Exited | INTU, FSLY, MCHI, MDT, EWT, WGS, PAYC, FIGR, KRMN, CAAP | |
| Added | WULF, TSM, PURR, REAL, LPTH, IWF, TSHA, FTK, CALY, BFLY | |
| Reduced | ZTS, CSGP, UBER, NOW, SHOP, SBUX, ORCL, ACN, AON, AMZN | |
| Prosight Management | New | INSM, MLYS, OPCH, PFE |
| Exited | CON, TERN, PHR, SDGR, ROIV, IMVT, UPB, OMER, ACET, RGNX | |
| Added | STTK, RNTX, GLPG, BSX, SNDX, JANX, IRTC, ZYME, NKTR, CRNX | |
| Reduced | MGTX, PRCT, KURA, OKUR, ADCT, WGS, PLRX, COYA, EBS, KIDS | |
| Public Investment Fund | New | SPCX |
| Exited | ||
| Added | ||
| Reduced | ||
| RA Capital Management | New | PBLS, ABVX, ORKA, NTLA, DFTX, SANA, PRLD, QTTB, EDIT, ALT |
| Exited | DNTH, PRAX, SRPT, SYRE, FULC, OLMA, DSGN, TVTX, GRAL, RLMD | |
| Added | ARTV, ACRS, ACRV, SLDB, XNCR, AVTX, RZLT, ZLAB, BIOA | |
| Reduced | GERN, HOWL, VOR, EWTX, NUVL, ACET, OVID, AKTS, GHRS, PTN | |
| Redmile Group | New | CLYM, AURA, INSM |
| Exited | ||
| Added | AGMB, STTK, CLDX, IDYA, BMRN | |
| Reduced | SRRK, ADCT, NRIX, ANNX, ABSI, IMNM, ALXO, STOK, PRME, COGT | |
| Redwood Capital Management | New | VSAT, OPITQ, KBR, FBIN, SOC, AZLUY, NCLH |
| Exited | VISN, AMWD, KLC, GOCO | |
| Added | MBC, AERO | |
| Reduced | GBTG, OPTU, SATS, MOH | |
| Renaissance Technologies | New | CRWD, AMZN, MDT, COP, SHEL, INTU, SCHW, SPY, ICE, QQQ |
| Exited | APP, SMH, UBER, NOW, UPS, PDD, MS, AAL, DE, MA | |
| Added | RIG, GOSS, SNAP, ALIT, NFLX, SMCI, PBR.A, HL, SBS, ORBS | |
| Reduced | PLUG, NU, NOK, VALE, TE, QS, CDE, ERIC, HBAN, GGB | |
| Rhenman & Partners | New | AZN, MRK, JNJ, CNC, DXCM, SYRE, ORKA, ERAS, ASTH, MOH |
| Exited | ADPT, IQV, NUVL, APGE, ESPR, IMCR, CMPX | |
| Added | NRIX, KURA, RLAY, SNDX, MLYS, MLTX, BTSG, AVR, EW, PNTG | |
| Reduced | IOVA, OSCR, BSX, WAY, PRCT, DOCS, OCUL, VEEV, CVS, ALHC | |
| Rock Springs Capital | New | PBLS, OMER, DFTX, TRVI, SYRE, MDT, SGMT, CAPR, ALT, AXSM |
| Exited | ACLX, CNTA, SLNO, REGN, APLS, TERN, XBI, EW, ACHC, JAZZ | |
| Added | TVTX, ERAS, CMPX, CYTK, INSP, PHR, TNGX, OLMA, TARS, CLDX | |
| Reduced | ELVN, AGIO, RARE, EVH, OMDA, AZTA, ACRS, SGRY, COGT, RVMD | |
| Rokos Capital | New | QQQ, ANET, ALLY, KKR, NU, ULTA, AMD, SNOW, SHW, SPCX |
| Exited | XLV, RSP, CRWD, XLP, GEV, LMT, XLY, LHX, XOP, GS | |
| Added | PCT, GXO, DAR, GLNG, KBR, AMZN, DB, MSFT, CTVA, SLVM, PCT | |
| Reduced | GOOGL, AAPL, SATS, NVDA, RIG, RTX, BKR, KRMN, EQT, GLW | |
| RTW Investments | New | GPCR, AXGN, DHR, SLDB, IDYA, ALLO, MAZE, ABVX |
| Exited | APGE, APLS, ISRG, CNTA, CRNX, WAY, ARWR, SYK, CMPX, FLGT | |
| Added | RARE, ERAS, CGON, MIST, QURE, OBIO, ORKA, LRMR, CGEM, TNGX | |
| Reduced | COGT, HNGE, AVTX, BBNX, NTRA, XGN, HTFL, TSHA | |
| Saba Capital | New | EIDO, RVT, USA, DXYZ, WDAY, INTU, EMO, ETW, CPZ, BGY |
| Exited | LQD, OXLC, CRWD, QCOM, VCLT, BOE, CAEP, AFB, CXE, BDCI | |
| Added | BTX, BPRE, CYH, GF, BNC, SPXX, HFRO, ZTR, MFM, FSK | |
| Reduced | NAKA, ECAT, SABR, EVTL, NWL, HQL, UIS, MEGI, RAAQ, GDV | |
| Sachem Head Capital | New | STX, MKSI, CELH, GLNG, BRKR, STM, RIOT |
| Exited | SATS, WFRD, ICLR, COHR, ON, CXM, AKAM | |
| Added | SHC, CVNA, PRMB, RSP | |
| Reduced | TWLO, GIL, TLN, DKS | |
| Samlyn Capital | New | BWA, ITUB, AMAT, AXSM, SPCX, ELVN, HOOD, MTRN, ERAS, GTX |
| Exited | NVDA, LYV, MSFT, CCJ, DOW, SPXC, JBTM, NOK, ILMN, CVCO | |
| Added | BAC, BRSL, VINP, BBAR, FSLR, KSPI, FWONK, STEP, INSM, GH | |
| Reduced | INTR, BRKR, IP, JPM, RBA, MS, COF, CNM, AMZN, NEO | |
| Samsara BioCapital | New | PBLS, ARTV |
| Exited | ACLX, PVLA | |
| Added | RANI, IVA | |
| Reduced | XFOR, UPB, JBIO, KLRS, ABVX | |
| Sarissa Capital Management | New | BIIB |
| Exited | ||
| Added | BHVN | |
| Reduced | INVA | |
| Schonfeld Strategic | New | EWZ, SPCX, BKNG, DOV, VSH, DLR, EFA, J, CMCSA, ASML |
| Exited | MRVL, ETHB, GE, GPN, CNI, TPR, FOLD, CSL, RHP, KVYO | |
| Added | VALE, QXO, PBR, HTZ, NU, NAVN, NVDA, TALK, CCC, CPNG | |
| Reduced | COMP, U, ARKB, JHX, BITB, MGNI, CMPX, CLF, DOC, PTON | |
| Sectoral Asset | New | ORKA, DFTX, IRTC, AVTX, CBIO, PLSE, ATEC, TMDX, CVS, CNC |
| Exited | EVMN, RAPP, BOLD, QURE, ALHC, RDNT, INSP, NBIX, OMDA | |
| Added | IMTX, SMMT, RCUS, TECX, AVBP, ROIV, DXCM, BNTX, CYTK, COGT | |
| Reduced | SPRY, MLYS, SNDX, GPCR, TRVI, ABT, GILD, BBIO, HNGE, PRVA | |
| Silver Lake Group | New | |
| Exited | DELL | |
| Added | ||
| Reduced | ||
| Silver Point Capital | New | XE, ARXS, KDK, LIDR, SKIL, ARDC |
| Exited | MFIC | |
| Added | GSBD, OWL, CCAP, BBDC, BCSF, MSIF, NCDL, MSDL, RWAY, GBDC | |
| Reduced | GBTG, FSK | |
| Sio Capital | New | ALLO, GMED, IDYA, CI, VTRS, REGN, BMY, MDT, HELP, TNGX |
| Exited | CORT, LIVN, EMBC, ABVX, HAE, TFX, BMRN, GPCR, BHVN, MNPR | |
| Added | SENS, AVR, SNY, TYRA, COR, ZBH, GSK, ORKA, RLMD, SVRA | |
| Reduced | WAY, ADGM, PMVP, AQST, OCUL, VIR, NMTC, DNTH, OVID, ICLR | |
| Situational Awareness | New | NBIS, STM, VSH, CBRS |
| Exited | BITF, PSIX, AMD, SMH, INTC, ASML, GLW, NVDA | |
| Added | HIVE, RIOT, MU, SHAZ, TSM, APLD, SNDK, PUMP, BW, CRWV | |
| Reduced | TE, IREN, BE | |
| Sofinnova Investments | New | GILD, NRIX, DSGN, ABT, SION, ABSI, SGMT, AKTS, HTFL |
| Exited | AZN, BIIB, CELC, BBIO, DXCM, XENE, SYK, ROIV, CMPX, ORIC | |
| Added | GMAB, TENX, ANAB, OKUR, SUPN, MANE, IRON, PHVS, IMTX, DYN | |
| Reduced | RARE, BMY, COGT, ALC, BMRN, JAZZ, IDYA, INSM, TYRA, INBX | |
| Softbank Group | New | COF, LIF |
| Exited | XXI | |
| Added | ||
| Reduced | TSM, SATL | |
| Soroban Capital | New | KSPI |
| Exited | ||
| Added | ||
| Reduced | HCC, AMR | |
| Soros Fund Management | New | SMCI, AEP, NBIS, APGE, DBRG, TMHC, MAC, XE, TECH, NUVL |
| Exited | SEE, FOLD, HOLX, CWAN, CRM, PEN, TPH, OS, APLS, DAWN | |
| Added | ETR, GOOGL, FPS, PPL, DLR, WBS, WBD, ITRI, MDLN, SRE | |
| Reduced | VRNS, CRBG, OWL, SW, PONY, FIGR, AMZN, BGC, EVGO, GFL | |
| Sourcerock Group | New | CRK, ETR, RUN, PBF, XE |
| Exited | FANG, ANDE, EQT, GDX, MUSA, VST, GNRC, UGI, CMP | |
| Added | OXY, TDW, HAL, VG, PUMP, AR, CRC, GPRE, BTU, HNRG | |
| Reduced | NE, PTEN, TALO, PCG, CENX, CHRD, XEL, NPWR, NJR, ASTL | |
| Sphera Funds | New | INSM, RYTM, LRCX, AMAT, IDYA, NVCT, HRMY, VST, TLN, CLOU |
| Exited | FOLD, CLBT, APLS, PANW, CAMT, SLNO, AMZN, AAOI, ENPH, ZIM | |
| Added | CTMX, HELP, PALI, PRLD, TEVA, SNDX, VSTM, ORIC, MAZE, BMRN | |
| Reduced | CRIS, ELDN, BCRX, BHVN, OVID, RARE, STTK, RLAY, UPB, TNGX | |
| Sprott Inc. | New | OGC, SSMR, AYA, SBLK, ABBV, CMBT, PEP, TRMD, WMT, KO |
| Exited | COPX, NE, TQQQ, SSO, BTU, CVE, TGB, ALAB, EWJ, EQNR | |
| Added | NFGC, EXK, SSRM, SKE, LZM.WS, PAAS, GFI, EGO, PPLT, MTA | |
| Reduced | THM, IAUX, VZLA, B, EQX, CDE, VSH, IAG, AGI, PPTA | |
| Spruce Street | New | IFRX, ZLAB, ACHV |
| Exited | CNTA, KALV, MAZE | |
| Added | CATX, ALKS, KNSA, ENTA, RLMD, SVRA, PCVX, ANRO | |
| Reduced | DNTH | |
| Starboard Value | New | DT, FLS |
| Exited | GEN, CWAN, BDX, ROG | |
| Added | IJH | |
| Reduced | TRIP, RIOT, HR, BLMN, MTCH, NWSA, KMX, QRVO, FLR, LW | |
| Stonepine Capital | New | AZTR, INDV, ADIL, SPRB, CALC, MLTX, RARE, NVCT, ORKA, SINT |
| Exited | XOMA, CADL, ESTA, JANX, OABI, XERS, NMRA, SIBN, ELDN, MNKD | |
| Added | RADX, CRIS, AYTU, IKT, KTTA, CNSP, INAB, CABA, QNRX, EDSA | |
| Reduced | HRTX, BOLD, TENX, CDXS, MXCT, ZVRA, ABEO, PMVP, EOLS, ANTX | |
| Tang Capital Management | New | NVCT, FULC, NNDM, BOLD |
| Exited | KALV, JANX, BIIB, URGN, ARVN, KZR, AGIO, ERAS, CHRS, NKTX | |
| Added | CMPX, CMPS, AUPH, CAPR, TARS, CELC, NUVB | |
| Reduced | STOK, INSM, MRNA, SPY | |
| TCG Crossover | New | ZLAB, AURA, EDIT, PHVS, IFRX, ALT, AKTS, FBRX, EIKN |
| Exited | CNTA, FULC, LQDA, URGN, GPCR, UPB, VTGN | |
| Added | AVTX, MNPR | |
| Reduced | ALXO, BHVN, ARVN, TNGX, TRDA, ABVX, LBRX, RVMD, COGT | |
| TCI Fund Management | New | MLM, VMC |
| Exited | MSFT | |
| Added | GOOG, FER | |
| Reduced | CP, CNI | |
| Temasek Holdings | New | SPCX, GOOG, ASML, ANET, CRDO, MRK, AADX, TJX, GDX, ARXS |
| Exited | CRM, WDAY, OS, NEE, EWZ, INTU, NOW, PAYO, NKE, XPEV | |
| Added | HDB, GOOGL, VNET, BKNG, DNN, ATAT, YSS, KBWB, DSGX, WFC | |
| Reduced | KWEB, BZAI, AS, PDD, YUMC, GEHC, GLBE, MRVL, NVDA, BE | |
| Third Point | New | WBD, KEYS, XYZ, FLEX, TTMI, PFGC, SYY, ARES, SPCX, BLCO |
| Exited | META, GLD, NVDA, KLAC, LRCX, AVGO, SMH, SN, CTEV | |
| Added | GOOGL, APG, COF, LYV, NSC, HUT, SGI, CRH, UNP, TSM | |
| Reduced | TDS, AMZN, CRS, MTZ | |
| Thoma Bravo | New | |
| Exited | ||
| Added | NO CHANGES | |
| Reduced | ||
| Tiger Global Management | New | CBRS, AMD, STX, V, DHR, SPCX, APLD, CIFR, CORZ |
| Exited | APP, Z, NFLX, ZS, PCOR, LITE, CSGP, ZG, RVI, PAYP | |
| Added | INTC, CPNG, XYZ, CPAY, RDDT, MELI | |
| Reduced | CHYM, GOOGL, SE, PONY, AVGO, NVDA, LRCX, TSM, NOW, APO | |
| TPG Capital | New | SPCX, INVH, ACHV, SMCI, NUVL, APGE, BLD, AES, TECH |
| Exited | ORCL, CWAN, OS, MASI, SLAB, APLS, RVMD, CORZ, HYAC.WS, LANV.WS | |
| Added | CHMI, DBRG, MCHP, KVUE, WHR, GTLS, BRKR | |
| Reduced | LFST, LTH, NVRI, ARES, CBLL, NGL, WBD, APO | |
| Tremblant Capital | New | SMTC, FORM, DDOG, GH, ONDS, NTRA, NRG |
| Exited | PANW, ROL, AXON, NCNO, WBD, LION | |
| Added | CPNG, CVNA, ATEC, MNDY, VRNS, QTWO, NET, WING, AFRM, FCFS | |
| Reduced | GRAB, CSGP, NCLH, UBER, ROKU, RCL, SBUX, BE, WH, RKLB | |
| Trian Fund Management | New | |
| Exited | ||
| Added | GEHC | |
| Reduced | JHG, IVZ | |
| Tudor Investment Corp | New | SPCX, BLD, INTU, BA, ACA, TXN, XBI, GS, TECH, FTNT |
| Exited | SEE, HOLX, AMAT, CMI, APH, TER, SPGI, DOCU, STT, ACLX | |
| Added | NFLX, PPL, VG, CORZ, NCLH, FLG, MRVI, HST, IVV, NOK | |
| Reduced | CLF, LUMN, PSKY, FNB, UMAC, EOSE, UWMC, BULL, CNC, GPK | |
| Turtle Creek Asset Mgmt | New | ROCK |
| Exited | ECPG, BWA, KNX | |
| Added | VNT, BCO, FISV, PNTG, ENSG, PATK, WEX, SSNC, DCBO, FSV | |
| Reduced | ATS, CCOI, BFH, WSC, CE, FND, EEFT, BC, IR, TFII | |
| Two Sigma Investments | New | INTU, XLE, SPCX, ICE, FTV, CMCSA, NXPI, LYB, AVLV, VLUE |
| Exited | XLK, XLRE, IYR, CHTR, IBN, IWM, ECL, TGB, MGC, VV | |
| Added | BABA, JOBY, DOW, AAL, PATH, BB, CMG, ZD, PCT, BSX | |
| Reduced | FRPT, BBD, ORA, F, GPN, GGB, QS, SCHH, NU, BTG | |
| ValueAct Capital | New | PAYP |
| Exited | DIS | |
| Added | RKT, TOST, CBRE, KKR, SPOT, AMZN, BLK | |
| Reduced | RBLX, LLYVK, LLYVA, MDB, SSD, LYV | |
| Verition | New | SEM, LQD, DPC, CBRS, SPXC, BLD, APGE, BE, WTFC, ES |
| Exited | BRO, CWAN, HOLX, TERN, SEE, LNG, FE, RAL, OKE, ACLX | |
| Added | GOOGL, MMYT, WFC, BMRN, IVV, CZR, DBRG, SOC, KVUE, AXTA | |
| Reduced | BOX, ONB, SSRM, IHS, ELME, HBAN, HCACU, MKLYU, FNB, BNL | |
| Viking Global Investors | New | RACE, MSCI, UNP, DLR, CVS, FDXF, MS, QCOM, APTV, AVB |
| Exited | AAPL, CSX, GOOGL, PNC, TMUS, HCA, CLS, PGR, AIG, APG | |
| Added | CVNA, IBKR, AMZN, SE, META, SHW, APD, CCL, BMRN, HD | |
| Reduced | MDLN, DIS, GM, SCHW, FTV, ATI, ICE, TSLA, BBIO, TRVI | |
| Vista Equity | New | |
| Exited | NAVN | |
| Added | ||
| Reduced | ||
| Vivo Capital | New | ACHV, EDIT, AURA, AVTX, VALN |
| Exited | TERN, MANE, COGT, SLNO, VRDN, CMPS | |
| Added | TENX, AVBP, MLTX, ABVX, ANRO | |
| Reduced | ERAS, SABS, CMPX, KTTA, UNCY, DBVT, TNGX, PRAX | |
| VR Adviser | New | ACHV, PBLS |
| Exited | KALV, TENX, SEPN | |
| Added | RLMD, XFOR, ERAS, SVRA, ARTV | |
| Reduced | CTMX, ELVN, SYRE, VRDN, COGT | |
| Waratah Capital Advisors | New | FSS, AVGO, CMG, AMZN, ARMK, NVDA, CHRW, STRL, MSFT, IMO |
| Exited | BGSI, LULU, DOO, AMAT, COP, ETR, BC, AAPL, GIL, CP | |
| Added | STN, DSGX, NI, FND, ATS, SGML, SXT, OVV, CVE, TDY | |
| Reduced | CGAU, IAG, KGC, WRN, CAE, SKE, NXE, SU, CNI, SN | |
| Warburg Pincus | New | OCFC |
| Exited | SHC, BANC, CWAN | |
| Added | ||
| Reduced | ||
| Whale Rock Capital | New | ALAB, SNOW, TWLO, STX, INTC, SPCX, CBRS |
| Exited | AEIS, RBLX, TSEM, CIEN, ARM, MSFT, NFLX | |
| Added | VIAV, CVNA, AMD, TTMI, AMZN, COHR, FN, AAPL | |
| Reduced | FROG, KVYO, AVGO, NVDA, GOOGL, APP, TSM, LRCX, SNDK, MTSI |