What are the largest hedge funds and asset managers buying and selling? Dive into 13F filings to uncover conviction bets, capital flows, and smart money signals.
With 5,099 institutional 13F filings already in for Q2 2026 and roughly 3,700 managers still to report before the August 14 deadline, here's what the live filing wave looks like — and why the last four days carry the most signal.
Read the insight →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 | +16.4% | 4,177 | -2.2% | +0.4% | 2026-08-07 |
| 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 | Sixth Street Partners Management Company, L.P. | $751.3B | +105613.0% | 4,441 | +49244.4% | -13.8% | 2026-08-14 |
| 20 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $751.3B | +14.8% | 4,441 | +21.8% | -1.6% | 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.
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 | CEPO | 2 / 0 | 100% | 16 / 40 | 29% | +71 |
| 2 | HTT | 2 / 0 | 100% | 14 / 33 | 30% | +70 |
| 3 | SGAPY | 2 / 0 | 100% | 3 / 7 | 30% | +70 |
| 4 | EOCT | 2 / 0 | 100% | 19 / 42 | 31% | +69 |
| 5 | FJUL | 1 / 0 | 100% | 42 / 87 | 33% | +67 |
| 6 | BSEP | 2 / 0 | 100% | 21 / 42 | 33% | +67 |
| 7 | VIOT | 1 / 0 | 100% | 8 / 15 | 35% | +65 |
| 8 | DNOV | 3 / 0 | 100% | 33 / 60 | 36% | +65 |
| 9 | BOCT | 2 / 0 | 100% | 34 / 60 | 36% | +64 |
| 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%.
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 | 6,239 | 100th | 40.9% | — |
| 2 | AMZN | 6,149 | 100th | 41.1% | — |
| 3 | AAPL | 6,138 | 100th | 46.1% | — |
| 4 | NVDA | 5,989 | 99th | 45.8% | — |
| 5 | GOOGL | 5,802 | 99th | 40.1% | — |
| 6 | GOOG | 5,248 | 99th | 43.3% | — |
| 7 | JPM | 5,144 | 99th | 41.7% | — |
| 8 | META | 5,072 | 99th | 40.8% | — |
| 9 | BRK/B | 4,921 | 98th | 47.8% | — |
| 10 | AVGO | 4,839 | 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).
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 | 1,119 | 153.6M |
| 2 | MU | 1,037 | 32.1M |
| 3 | AMD | 981 | 53.2M |
| 4 | MRVL | 799 | 36.8M |
| 5 | SNDK | 742 | 7.5M |
| 6 | AMAT | 704 | 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 | 622 | 43.4M |
| 8 | DELL | 615 | 13.4M |
| 9 | PANW | 602 | 24.2M |
| 10 | STX | 580 | 12.5M |
| 11 | GLW | 573 | 24.1M |
| 12 | WDC | 532 | 11.3M |
| 13 | CRWD | 525 | 9.0M |
| 14 | KLAC | 524 | 47.3M |
| 15 | UNH | 523 | 42.0M |
| 16 | TXN | 515 | 46.9M |
| 17 | CSCO | 491 | 141.3M |
| 18 | GEV | 480 | 9.9M |
| 19 | QCOM | 466 | 66.5M |
| 20 | CAT | 449 | 4.7M |
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 | 18573.8 | 6,094 | 3.05% | $2.8T | +2 |
| 2 | NVDA | 16248.4 | 5,948 | 2.73% | $3.4T | +2 |
| 3 | SPY | 14863.2 | 4,732 | 3.14% | $1.2T | +8 |
| 4 | IVV | 14134.9 | 4,081 | 3.46% | $695.5B | +17 |
| 5 | MSFT | 12591.4 | 6,194 | 2.03% | $2.1T | -4 |
| 6 | VOO | 11984.4 | 3,980 | 3.01% | $372.2B | +15 |
| 7 | AMZN | 11973.6 | 6,104 | 1.96% | $1.8T | -5 |
| 8 | GOOGL | 11036.0 | 5,762 | 1.92% | $1.7T | -3 |
| 9 | NDQ | 8658.0 | 4,090 | 2.12% | $636.1B | +11 |
| 10 | VTI | 8217.6 | 3,660 | 2.25% | $181.3B | +11 |
| 11 | GOOG | 7677.1 | 5,214 | 1.47% | $1.2T | -5 |
| 12 | BRK/B | 5895.3 | 4,889 | 1.21% | $470.3B | -3 |
| 13 | AVGO | 5810.5 | 4,803 | 1.21% | $1.4T | -3 |
| 14 | VEA | 5290.7 | 2,981 | 1.77% | $156.9B | +7 |
| 15 | JPM | 5228.4 | 5,112 | 1.02% | $639.9B | -8 |
| 16 | META | 5172.3 | 5,038 | 1.03% | $1.0T | -8 |
| 17 | MU | 4857.0 | 3,888 | 1.25% | $1.3T | +4 |
| 18 | TSM | 4559.3 | 3,556 | 1.28% | $418.5B | +3 |
| 19 | LLY | 4423.5 | 4,603 | 0.96% | $951.8B | -6 |
| 20 | DFAC | 4380.0 | 1,209 | 3.62% | $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.