Ranked by portfolio value (US equity 13F holdings)
10 largest 13F filers · Q2 2026 · fund → sector → top holdings. Click a wedge to zoom in, the centre to zoom out.
| # | Fund | Portfolio Value | Holdings | Q Alpha | Filed | ||
|---|---|---|---|---|---|---|---|
| Value | QoQ | Count | QoQ | ||||
| 1 | BlackRock, Inc. | $6.7T | +17.6% | 49,968 | -1.3% | +1.5% | 2026-08-07 |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | $4.7T | +17.1% | 4,092 | +2.8% | +0.7% | 2026-08-13 |
| 3 | STATE STREET CORP | $3.4T | +16.8% | 4,261 | -0.2% | +0.4% | 2026-09-22 |
| 4 | FMR LLC | $2.3T | +21.4% | 13,978 | +5.2% | +4.2% | 2026-08-13 |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | $2.2T | +17.6% | 3,141 | +3.3% | +0.9% | 2026-08-13 |
| 6 | MORGAN STANLEY | $1.9T | +13.9% | 45,905 | -0.2% | -1.6% | 2026-08-13 |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | $1.9T | +16.7% | 8,470 | -1.2% | +1.0% | 2026-08-12 |
| 8 | JPMORGAN CHASE & CO | $1.8T | +16.0% | 34,064 | +3.0% | -2.2% | 2026-08-12 |
| 9 | BANK OF AMERICA CORP /DE/ | $1.6T | +13.5% | 18,318 | +2.5% | -1.8% | 2026-08-14 |
| 10 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1.3T | +43.7% | 15,205 | +2.2% | +11.5% | 2026-08-14 |
| 11 | Invesco Ltd. | $1.3T | +93.5% | 23,395 | -0.7% | +4.3% | 2026-08-14 |
| 12 | JANE STREET GROUP, LLC | $1.2T | +55.1% | 14,718 | -22.8% | +12.8% | 2026-08-14 |
| 13 | GOLDMAN SACHS GROUP INC | $1.2T | +32.2% | 14,070 | +3.6% | +1.9% | 2026-08-14 |
| 14 | NORGES BANK | $1.0T | — | 1,617 | +161600.0% | -0.5% | 2026-08-12 |
| 15 | CITADEL ADVISORS LLC | $875.1B | +41.5% | 16,127 | +3.5% | +9.2% | 2026-08-14 |
| 16 | NORTHERN TRUST CORP | $859.8B | +13.6% | 19,568 | -1.5% | +0.0% | 2026-08-13 |
| 17 | Capital World Investors | $846.4B | +15.5% | 637 | +2.7% | +1.6% | 2026-08-12 |
| 18 | UBS Group AG | $786.0B | +18.0% | 23,043 | +1.2% | +1.0% | 2026-08-13 |
| 19 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $751.3B | +14.8% | 4,441 | +21.8% | -1.6% | 2026-08-14 |
| 20 | Sixth Street Partners Management Company, L.P. | $751.3B | +105613.0% | 4,441 | +49244.4% | -13.8% | 2026-08-14 |
| 21 | Capital Research Global Investors | $716.9B | +11.2% | 426 | -7.2% | +0.1% | 2026-08-12 |
| 22 | ROYAL BANK OF CANADA | $671.5B | +17.8% | 28,169 | +10.0% | -3.6% | 2026-08-14 |
| 23 | WELLS FARGO & COMPANY/MN | $617.4B | +16.4% | 18,984 | +5.6% | -2.4% | 2026-08-14 |
| 24 | Bank of New York Mellon Corp | $609.4B | +12.0% | 33,799 | +0.2% | -0.5% | 2026-08-06 |
| 25 | WELLINGTON MANAGEMENT GROUP LLP | $580.2B | +8.3% | 7,448 | -0.1% | -2.7% | 2026-08-14 |
Among the 25 largest 13F filers: arrows point from a stock funds sold down to one they raised the same quarter (a rotation). Arrow width = how many of the 25 made that move; darker = hard rotation (full exit → new buy). Drag nodes, click for the stock.
Net institutions that opened vs. closed a position this quarter. Right = piling in, left = heading for the exits; a bolder bar means the stock is already heavily crowded. Click a bar for the stock.
| # | Stock | Holders | Percentile | Top 10 Conc. | % of Filers |
|---|---|---|---|---|---|
| 1 | MSFT | 6,281 | 100th | 40.9% | — |
| 2 | AMZN | 6,191 | 100th | 41.1% | — |
| 3 | AAPL | 6,182 | 100th | 46.1% | — |
| 4 | NVDA | 6,029 | 99th | 45.8% | — |
| 5 | GOOGL | 5,843 | 99th | 40.0% | — |
| 6 | GOOG | 5,286 | 99th | 43.3% | — |
| 7 | JPM | 5,177 | 99th | 41.7% | — |
| 8 | META | 5,110 | 99th | 40.8% | — |
| 9 | BRK/B | 4,950 | 98th | 47.8% | — |
| 10 | AVGO | 4,873 | 98th | 43.9% | — |
Highest institutional holder count — potential fragility if everyone is already in.
How long institutions hold each stock (median quarters, higher = stickier) vs. how many hold it. A red tail means the holding period is shrinking — conviction degrading. Click a bubble for the stock.
| # | Stock | Half-Life | Holders | Quadrant |
|---|---|---|---|---|
| 1 | SNDK | 1.0q | 1,818 | Niche |
| 2 | LITE | 1.0q | 1,321 | Niche |
| 3 | MU | 2.0q | 3,886 | Hot Potato |
| 4 | MRVL | 2.0q | 2,214 | Hot Potato |
| 5 | STX | 2.0q | 1,960 | Hot Potato |
| 6 | WDC | 2.0q | 1,842 | Niche |
| 7 | TER | 2.0q | 1,422 | Niche |
| 8 | Q | 2.0q | 1,323 | Niche |
| 9 | COHR | 2.0q | 1,309 | Niche |
| 10 | INTC | 3.0q | 3,551 | Mixed |
Shortest median holding duration — many funds hold these but nobody stays long. Crowded momentum plays with fragile holder bases. Half-life = median quarters held across all institutional holders. Quadrants: Bedrock (long + many holders), Hidden Gem (long + few), Hot Potato (short + many), Niche (short + few).
Stocks where institutions moved most in lockstep this quarter — a near-solid bar means near-total consensus.
| # | Stock | Entropy | Dominant Action | Fund Actions |
|---|---|---|---|---|
| 1 | HON | 0.37 | exited 95% | 2,818 |
| 2 | IWF | 0.77 | increased 87% | 2,621 |
| 3 | VO | 0.79 | increased 86% | 2,589 |
| 4 | VUG | 0.84 | increased 85% | 3,012 |
| 5 | VGT | 0.97 | increased 80% | 2,295 |
| 6 | BKNG | 1.01 | increased 80% | 2,110 |
| 7 | KLAC | 1.05 | increased 74% | 2,610 |
| 8 | BRK/A | 1.34 | unchanged 73% | 1,488 |
| 9 | AAPL | 1.62 | decreased 46% | 6,321 |
| 10 | MSFT | 1.63 | increased 49% | 6,455 |
Lowest entropy — nearly all funds agree. Fragile consensus that may unwind quickly. Shannon entropy measures agreement among institutional investors (0 = total herding, 2.32 = maximum disagreement across 5 action types).
| # | Stock | Smart B/S | Smart % | Crowd B/S | Crowd % | Divergence |
|---|---|---|---|---|---|---|
| 1 | HTT | 2 / 0 | 100% | 14 / 33 | 30% | +70 |
| 2 | CEPO | 2 / 0 | 100% | 17 / 40 | 30% | +70 |
| 3 | SGAPY | 2 / 0 | 100% | 3 / 7 | 30% | +70 |
| 4 | EOCT | 2 / 0 | 100% | 20 / 41 | 33% | +67 |
| 5 | BSEP | 2 / 0 | 100% | 21 / 42 | 33% | +67 |
| 6 | FJUL | 2 / 0 | 100% | 43 / 86 | 33% | +67 |
| 7 | WILC | 1 / 0 | 100% | 4 / 8 | 33% | +67 |
| 8 | VIOT | 1 / 0 | 100% | 8 / 15 | 35% | +65 |
| 9 | DNOV | 3 / 0 | 100% | 33 / 60 | 36% | +65 |
| 10 | KCHV | 2 / 0 | 100% | 8 / 14 | 36% | +64 |
Stocks where smart money is buying but the crowd is selling — potential contrarian opportunity. Smart money = concentrated funds (HHI > 0.05) with > 55% hit rate on completed trades. B/S = buyers / sellers. Divergence = smart buy% minus crowd buy%.
Each bubble is a stock institutions bought for the first time this quarter. Right = more funds discovered it; higher = bigger average stake (conviction); bubble size = total new inflow. Click a bubble for the stock.
Stocks attracting the most new institutional holders this quarter
| # | Stock | New Holders | Total New Shares |
|---|---|---|---|
| 1 | INTC | 1,132 | 153.5M |
| 2 | MU | 1,051 | 32.1M |
| 3 | AMD | 1,002 | 53.1M |
| 4 | MRVL | 811 | 36.9M |
| 5 | SNDK | 753 | 7.5M |
| 6 | AMAT | 712 | 26.3M |
Shows stocks where the most funds opened a new position this quarter (not held in the prior quarter). High new-holder count signals a new thesis spreading through the institutional ecosystem.
| 7 | LRCX | 629 | 43.3M |
| 8 | DELL | 624 | 13.4M |
| 9 | PANW | 617 | 24.2M |
| 10 | STX | 587 | 12.5M |
| 11 | GLW | 583 | 24.2M |
| 12 | WDC | 539 | 11.3M |
| 13 | CRWD | 532 | 8.9M |
| 14 | UNH | 530 | 42.0M |
| 15 | KLAC | 528 | 47.3M |
| 16 | TXN | 524 | 46.8M |
| 17 | CSCO | 497 | 141.2M |
| 18 | GEV | 490 | 9.9M |
| 19 | QCOM | 468 | 66.3M |
| 20 | TSM | 457 | 17.7M |
Conviction score — the summed portfolio weight every 13F filer places on a stock — quarter by quarter.
| # | Stock | Conviction | Holders | Avg Pos. | Total Value | Rank Gap |
|---|---|---|---|---|---|---|
| 1 | AAPL | 18874.8 | 6,183 | 3.05% | $2.8T | +2 |
| 2 | NVDA | 16531.7 | 6,032 | 2.74% | $3.4T | +2 |
| 3 | SPY | 15106.4 | 4,795 | 3.15% | $1.2T | +8 |
| 4 | IVV | 14461.1 | 4,137 | 3.50% | $698.4B | +17 |
| 5 | MSFT | 12800.5 | 6,283 | 2.04% | $2.1T | -4 |
| 6 | AMZN | 12138.9 | 6,194 | 1.96% | $1.8T | -4 |
| 7 | VOO | 12100.0 | 4,030 | 3.00% | $372.5B | +14 |
| 8 | GOOGL | 11230.4 | 5,846 | 1.92% | $1.7T | -3 |
| 9 | NDQ | 8695.0 | 4,141 | 2.10% | $636.4B | +12 |
| 10 | VTI | 8301.2 | 3,706 | 2.24% | $181.9B | +11 |
| 11 | GOOG | 7848.5 | 5,288 | 1.48% | $1.2T | -5 |
| 12 | BRK/B | 5975.0 | 4,953 | 1.21% | $471.8B | -3 |
| 13 | AVGO | 5904.1 | 4,874 | 1.21% | $1.4T | -3 |
| 14 | VEA | 5340.3 | 3,018 | 1.77% | $156.6B | +7 |
| 15 | JPM | 5284.9 | 5,179 | 1.02% | $642.0B | -8 |
| 16 | META | 5255.6 | 5,112 | 1.03% | $1.0T | -8 |
| 17 | MU | 4932.6 | 3,946 | 1.25% | $1.3T | +4 |
| 18 | TSM | 4664.7 | 3,609 | 1.29% | $419.2B | +3 |
| 19 | LLY | 4490.0 | 4,667 | 0.96% | $954.2B | -6 |
| 20 | DFAC | 4416.0 | 1,224 | 3.61% | $37.4B | +1 |
Conviction Score = sum of portfolio weight (%) across all institutional holders. A stock at 10% of 5 portfolios scores 50, vs 0.05% of 500 portfolios scoring 25. Rank Gap = holder rank minus conviction rank; positive means conviction beats popularity.