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ExodusPoint Capital Management LP and Wellington Management Group LLP: where the books meet

At Q2 2026, at least 18% of the two 13F books was the same, across 146 stocks both listed, against 6.1% at Q4 2018. Overlap is the smaller of each shared stock’s two weights, added up: the part of one book that could be swapped for the other’s without a trade.

Overlap by quarter
0%11%22%Q4 2018: 6.1%, 109 in bothQ1 2019: 11%, 137 in both19Q2 2019: 12%, 155 in bothQ3 2019: 17%, 161 in bothQ4 2019: 14%, 155 in bothQ1 2020: 21%, 183 in both20Q2 2020: 19%, 176 in bothQ3 2020: 14%, 166 in bothQ4 2020: 17%, 165 in bothQ1 2021: 15%, 150 in both21Q2 2021: 19%, 168 in bothQ3 2021: 18%, 166 in bothQ4 2021: 21%, 178 in bothQ1 2022: 17%, 163 in both22Q2 2022: 19%, 184 in bothQ3 2022: 21%, 191 in bothQ4 2022: 20%, 193 in bothQ1 2023: 17%, 174 in both23Q2 2023: 18%, 181 in bothQ3 2023: 20%, 197 in bothQ4 2023: 13%, 149 in bothQ1 2024: 19%, 159 in both24Q2 2024: 20%, 168 in bothQ3 2024: 19%, 165 in bothQ4 2024: 18%, 152 in bothQ1 2025: 14%, 140 in both25Q2 2025: 14%, 146 in bothQ3 2025: 20%, 164 in bothQ4 2025: 22%, 160 in bothQ1 2026: 18%, 150 in both26Q2 2026: 18%, 146 in both
  • Q4 2018: 6.1%, 109 in both
  • Q1 2019: 11%, 137 in both
  • Q2 2019: 12%, 155 in both
  • Q3 2019: 17%, 161 in both
  • Q4 2019: 14%, 155 in both
  • Q1 2020: 21%, 183 in both
  • Q2 2020: 19%, 176 in both
  • Q3 2020: 14%, 166 in both
  • Q4 2020: 17%, 165 in both
  • Q1 2021: 15%, 150 in both
  • Q2 2021: 19%, 168 in both
  • Q3 2021: 18%, 166 in both
  • Q4 2021: 21%, 178 in both
  • Q1 2022: 17%, 163 in both
  • Q2 2022: 19%, 184 in both
  • Q3 2022: 21%, 191 in both
  • Q4 2022: 20%, 193 in both
  • Q1 2023: 17%, 174 in both
  • Q2 2023: 18%, 181 in both
  • Q3 2023: 20%, 197 in both
  • Q4 2023: 13%, 149 in both
  • Q1 2024: 19%, 159 in both
  • Q2 2024: 20%, 168 in both
  • Q3 2024: 19%, 165 in both
  • Q4 2024: 18%, 152 in both
  • Q1 2025: 14%, 140 in both
  • Q2 2025: 14%, 146 in both
  • Q3 2025: 20%, 164 in both
  • Q4 2025: 22%, 160 in both
  • Q1 2026: 18%, 150 in both
  • Q2 2026: 18%, 146 in both

Only quarters both managers filed. Where either filing has more positions than are read each quarter, a stock both hold below that range is not counted, so the figure is a floor.

What the overlap is made of, Q2 2026

Stocks both listed, by the smaller of the two weights. A weight is the stock’s share of that manager’s reported book, which says how large the position is, not how strongly it is held.

StockExodusPoint Capital Management LPWellington Management Group LLP
Apple Inc(AAPL)3.2%Added3.0%Trimmed
Amazon Com Inc(AMZN)4.2%Added2.3%Trimmed
Nvidia Corp(NVDA)1.8%Trimmed4.2%Trimmed
Microsoft Corp(MSFT)0.6%Added3.1%Trimmed
Intel Corp(INTC)0.4%Added0.4%Added
American Elec PWR Inc(AEP)0.4%Added0.3%Added
Berkshire Hathaway Inc Del(BRK-B)0.3%New0.3%Added
Shopify Inc(SHOP)0.7%New0.2%Added
Home Depot Inc(HD)0.2%New0.5%Trimmed
Cisco Sys Inc(CSCO)0.2%Added0.3%Trimmed
Space Exploration Techn Corp(SPCX)2.1%New0.2%New
Canadian Natl Ry Co(CNI)0.2%Added0.2%Trimmed
Cardinal Health Inc(CAH)0.2%New0.6%Added
SanDisk Corp(SNDK)0.2%Trimmed0.4%Added
Cloudflare Inc(NET)0.2%New0.2%Added
Qualcomm Inc(QCOM)0.2%New0.2%Trimmed
Visa Inc(V)0.2%Added0.6%Trimmed
Wells Fargo Co New(WFC)0.2%Added0.6%Trimmed
Intuitive Surgical Inc(ISRG)0.1%Trimmed0.3%Trimmed
Advanced Micro Devices Inc(AMD)0.1%Added0.9%Added

and 126 smaller ones

Moved different ways in Q2 2026

Stocks one manager started or added to while the other trimmed or sold out, between the same two quarter ends. A 13F shows the quarter ends, never when in between anything was bought or sold, or why.

  • Microsoft Corp(MSFT)ExodusPoint Capital Management LP added; Wellington Management Group LLP trimmed
  • Apple Inc(AAPL)ExodusPoint Capital Management LP added; Wellington Management Group LLP trimmed
  • Amazon Com Inc(AMZN)ExodusPoint Capital Management LP added; Wellington Management Group LLP trimmed
  • Astrazeneca PLC(AZN)ExodusPoint Capital Management LP sold out; Wellington Management Group LLP added
  • Unitedhealth Group Inc(UNH)ExodusPoint Capital Management LP trimmed; Wellington Management Group LLP added
  • Tesla Inc(TSLA)ExodusPoint Capital Management LP trimmed; Wellington Management Group LLP added
  • Visa Inc(V)ExodusPoint Capital Management LP added; Wellington Management Group LLP trimmed
  • Corning Inc(GLW)ExodusPoint Capital Management LP sold out; Wellington Management Group LLP added
  • Wells Fargo Co New(WFC)ExodusPoint Capital Management LP added; Wellington Management Group LLP trimmed
  • Danaher Corporation(DHR)ExodusPoint Capital Management LP trimmed; Wellington Management Group LLP added
  • Marsh & Mclennan Cos Inc(MRSH)ExodusPoint Capital Management LP added; Wellington Management Group LLP trimmed
  • Home Depot Inc(HD)ExodusPoint Capital Management LP started; Wellington Management Group LLP trimmed
ExodusPoint Capital Management LP: the recordWellington Management Group LLP: the record

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