Marshall Wace LLP
The positions Marshall Wace LLP reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 13 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.
Reported book is the quarter-end market value of the securities on the 13F, mostly US-listed long equity. It is not the manager’s assets under management: shorts, cash, leverage and most non-US or private holdings sit outside it.
Opened this quarter
A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.
- iShares PHLX Sox (SOXX)puts$299m · 0.2%
- LPL Financial Ho (LPLA)$275m · 0.2%
- Humana Inc (HUM)$217m · 0.2%
- Republic SVCS (RSG)$196m · 0.2%
- iShares PHLX Sox (SOXX)calls$188m · 0.1%
- Wingstop Inc (WING)$167m · 0.1%
- Invesco S&P 500 (RSP)ETP$150m · 0.1%
- iShares-s&p 500 (IVV)calls$135m · 0.1%
- Blackrock Inc (BLK)$123m · 0.1%
- Raymond James (RJF)$101m · 0.1%
Sold out of this quarter
Exits are valued at what the position was worth in the previous filing, because by this one it is gone.
- Sempra (SRE)$132m held before
- Insulet Corp (PODD)$127m held before
- Rocket Lab Corp (RKLB)$121m held before
- Kimberly-clark (KMB)$114m held before
- Spdr-materials (XLB)$107m held before
- Jabil Inc (JBL)$85m held before
- Chewy Inc- CL A (CHWY)$84m held before
- Pan Amer Silver (PAAS)$83m held before
- Williams Cos Inc (WMB)$75m held before
- Millicom Intl (TIGO)$69m held before
- Celanese Corp (CE)$69m held before
- Heico Corp (HEI)$66m held before
- and 627 more.
Largest reported positions, Q2 2026
200 positions, sorted by weight · page 1 of 2
Showing the largest 200 reported positions, representing 74.0% of reported market value.
| Position | Weight ↓ | Value | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| iShares-s&p 500 ETP (IVV) CUSIP 464287200 | 24% | $29.8bn | 39,828,525 | +$12.7bn +13,546,592 shares | Added |
| SPDR Portfolio L ETP (SPYM) CUSIP 78464A854 | 3.3% | $4.1bn | 46,869,324 | +$319m -2,780,922 shares | Trimmed |
| Apple Inc (AAPL) CUSIP 037833100 | 2.1% | $2.6bn | 9,084,303 | +$501m +701,204 shares | Added |
| Amazon.com Inc (AMZN) CUSIP 023135106 | 1.8% | $2.3bn | 9,514,151 | +$424m +661,356 shares | Added |
| Adv Micro Device (AMD) CUSIP 007903107 | 1.8% | $2.3bn | 3,898,210 | +$1.5bn +106,224 shares | Added |
| Nvidia Corp (NVDA) CUSIP 67066G104 | 1.4% | $1.7bn | 8,637,159 | -$654m -5,026,180 shares | Trimmed |
| Micron Tech (MU) CUSIP 595112103 | 1.2% | $1.6bn | 1,348,718 | +$1.3bn +447,282 shares | Added |
| Microsoft Corp (MSFT) CUSIP 594918104 | 1.0% | $1.2bn | 3,340,231 | -$1.6m -30,167 shares | Trimmed |
| Costco Wholesale (COST) CUSIP 22160K105 | 0.9% | $1.1bn | 1,174,466 | +$836m +910,725 shares | Added |
| Morgan Stanley (MS) CUSIP 617446448 | 0.8% | $972m | 4,648,847 | +$281m +451,578 shares | Added |
| Tesla Inc (TSLA) CUSIP 88160R101 | 0.7% | $920m | 2,188,456 | +$144m +100,787 shares | Added |
| Taiwan Semic-adr (TSM) ADR · CUSIP 874039100 | 0.7% | $865m | 1,810,476 | +$108m -429,681 shares | Trimmed |
| Alphabet Inc-a (GOOGL) CUSIP 02079K305 | 0.6% | $790m | 2,210,932 | -$120m -955,151 shares | Trimmed |
| Hilton Worldwide (HLT) CUSIP 43300A203 | 0.6% | $766m | 2,319,322 | -$700k -203,453 shares | Trimmed |
| Unitedhealth GRP (UNH) CUSIP 91324P102 | 0.6% | $762m | 1,833,046 | +$380m +422,712 shares | Added |
| Johnson&johnson (JNJ) CUSIP 478160104 | 0.6% | $759m | 2,989,537 | +$178m +611,715 shares | Added |
| Abbvie Inc (ABBV) CUSIP 00287Y109 | 0.6% | $753m | 2,990,512 | +$752m +2,989,451 shares | Added |
| Bank of America (BAC) CUSIP 060505104 | 0.6% | $711m | 12,483,467 | +$622m +10,652,635 shares | Added |
| Coca-cola Co/the (KO) CUSIP 191216100 | 0.5% | $670m | 8,240,650 | +$244m +2,646,611 shares | Added |
| JP Morgan Chase (JPM) CUSIP 46625H100 | 0.5% | $648m | 1,978,070 | +$643m +1,960,990 shares | Added |
| Market Vectors S (SMH) puts · CUSIP 92189F676 | 0.4% | $508m | 773,800 | +$399m +491,400 shares | Added |
| Abbott Labs (ABT) CUSIP 002824100 | 0.4% | $503m | 5,542,438 | +$297m +3,531,500 shares | Added |
| Meta Platforms-a (META) CUSIP 30303M102 | 0.4% | $502m | 891,552 | -$52m -76,516 shares | Trimmed |
| Cme Group Inc (CME) CUSIP 12572Q105 | 0.4% | $495m | 2,241,304 | +$257m +1,437,086 shares | Added |
| Bloom Energy C-a (BE) CUSIP 093712107 | 0.4% | $490m | 1,618,954 | +$350m +587,318 shares | Added |
| American Express (AXP) CUSIP 025816109 | 0.4% | $483m | 1,429,163 | +$445m +1,303,120 shares | Added |
| Ibm (IBM) CUSIP 459200101 | 0.4% | $479m | 1,702,963 | +$409m +1,414,891 shares | Added |
| Texas Instrument (TXN) CUSIP 882508104 | 0.4% | $478m | 1,602,959 | +$450m +1,457,837 shares | Added |
| SanDisk Corp (SNDK) CUSIP 80004C200 | 0.4% | $476m | 209,217 | +$117m -355,369 shares | Trimmed |
| Ferguson Enterpr (FERG) CUSIP 31488V107 | 0.4% | $475m | 2,001,407 | +$285m +1,186,710 shares | Added |
| Qualcomm Inc (QCOM) CUSIP 747525103 | 0.4% | $459m | 2,481,985 | +$456m +2,457,786 shares | Added |
| Broadcom Inc (AVGO) CUSIP 11135F101 | 0.4% | $447m | 1,181,899 | -$316m -1,281,451 shares | Trimmed |
| Nokia Corp-adr (NOK) ADR · CUSIP 654902204 | 0.3% | $439m | 33,023,225 | +$358m +23,049,146 shares | Added |
| Exxon Mobil Corp (XOM) CUSIP 30231G102 | 0.3% | $430m | 3,142,185 | +$383m +2,867,185 shares | Added |
| Monster Beverage (MNST) CUSIP 61174X109 | 0.3% | $423m | 4,396,238 | +$347m +3,358,305 shares | Added |
| Chevron Corp (CVX) CUSIP 166764100 | 0.3% | $420m | 2,535,368 | -$444m -1,639,293 shares | Trimmed |
| Cisco Systems (CSCO) CUSIP 17275R102 | 0.3% | $419m | 3,565,600 | +$388m +3,162,098 shares | Added |
| Applied Material (AMAT) CUSIP 038222105 | 0.3% | $419m | 579,156 | +$37m -539,136 shares | Trimmed |
| Eli Lilly & Co (LLY) CUSIP 532457108 | 0.3% | $401m | 334,637 | -$129m -241,537 shares | Trimmed |
| Automatic Data (ADP) CUSIP 053015103 | 0.3% | $397m | 1,771,511 | +$301m +1,298,807 shares | Added |
| Uber Technologie (UBER) CUSIP 90353T100 | 0.3% | $393m | 5,444,577 | +$232m +3,213,939 shares | Added |
| Corning Inc (GLW) CUSIP 219350105 | 0.3% | $386m | 1,512,374 | +$137m -322,781 shares | Trimmed |
| Globalfoundries (GFS) CUSIP G39387108 | 0.3% | $378m | 4,581,796 | +$153m -469,852 shares | Trimmed |
| United Parcel-b (UPS) CUSIP 911312106 | 0.3% | $371m | 3,446,393 | +$259m +2,316,549 shares | Added |
| Altria Group Inc (MO) CUSIP 02209S103 | 0.3% | $360m | 5,006,159 | +$130m +1,517,876 shares | Added |
| Parker Hannifin (PH) CUSIP 701094104 | 0.3% | $359m | 367,300 | +$345m +351,784 shares | Added |
| T-mobile US Inc (TMUS) CUSIP 872590104 | 0.3% | $356m | 2,120,218 | -$142m -249,290 shares | Trimmed |
| Intel Corp (INTC) CUSIP 458140100 | 0.3% | $348m | 2,493,502 | +$28m -4,761,622 shares | Trimmed |
| Robinhood Mark-a (HOOD) CUSIP 770700102 | 0.3% | $344m | 3,429,659 | +$280m +2,508,086 shares | Added |
| Casey's General (CASY) CUSIP 147528103 | 0.3% | $339m | 426,104 | +$25m -4,246 shares | Trimmed |
| Salesforce Inc (CRM) CUSIP 79466L302 | 0.3% | $322m | 2,057,457 | +$214m +1,478,610 shares | Added |
| Vertiv Holding-a (VRT) CUSIP 92537N108 | 0.3% | $318m | 950,002 | +$308m +908,848 shares | Added |
| Palantir Techn-a (PLTR) CUSIP 69608A108 | 0.2% | $304m | 2,609,060 | -$128m -348,312 shares | Trimmed |
| Tapestry Inc (TPR) CUSIP 876030107 | 0.2% | $300m | 2,052,129 | +$69m +415,004 shares | Added |
| iShares PHLX Sox (SOXX) puts · CUSIP 464287523 | 0.2% | $299m | 465,800 | No earlier filing | New |
| Walmart Inc (WMT) CUSIP 931142103 | 0.2% | $298m | 2,627,039 | +$34m +509,383 shares | Added |
| Citigroup Inc (C) CUSIP 172967424 | 0.2% | $297m | 2,122,218 | +$237m +1,595,118 shares | Added |
| Nextera Energy (NEE) CUSIP 65339F101 | 0.2% | $296m | 3,371,772 | +$226m +2,621,272 shares | Added |
| Analog Devices (ADI) CUSIP 032654105 | 0.2% | $295m | 743,270 | -$3.5m -195,544 shares | Trimmed |
| Lumentum Hol (LITE) CUSIP 55024U109 | 0.2% | $290m | 338,491 | +$80m +38,822 shares | Added |
| iShares Silver T (SLV) puts · CUSIP 46428Q109 | 0.2% | $290m | 5,421,900 | -$118m -568,300 shares | Trimmed |
| Five Below (FIVE) CUSIP 33829M101 | 0.2% | $276m | 1,537,377 | -$28m +203,460 shares | Added |
| LPL Financial Ho (LPLA) CUSIP 50212V100 | 0.2% | $275m | 975,627 | No earlier filing | New |
| Vertex Pharm (VRTX) CUSIP 92532F100 | 0.2% | $270m | 543,897 | +$129m +226,839 shares | Added |
| Sea Ltd-adr (SE) ADR · CUSIP 81141R100 | 0.2% | $267m | 2,781,666 | +$62m +309,264 shares | Added |
| Microsoft Corp (MSFT) puts · CUSIP 594918104 | 0.2% | $266m | 713,700 | +$43m +111,500 shares | Added |
| Linde PLC (LIN) CUSIP G54950103 | 0.2% | $264m | 508,958 | +$150m +278,063 shares | Added |
| Spdr S&P 500 Etf (SPY) puts · CUSIP 78462F103 | 0.2% | $264m | 353,500 | +$171m +209,800 shares | Added |
| Cloudflare Inc-a (NET) CUSIP 18915M107 | 0.2% | $261m | 1,065,580 | +$58m +78,973 shares | Added |
| Asml Holding-ny (ASML) NY REG Shrs · CUSIP N07059210 | 0.2% | $259m | 130,266 | -$32m -90,307 shares | Trimmed |
| Western Digital (WDC) CUSIP 958102105 | 0.2% | $256m | 400,306 | +$3.8m -531,017 shares | Trimmed |
| Netflix Inc (NFLX) CUSIP 64110L106 | 0.2% | $255m | 3,575,603 | -$67m +225,005 shares | Added |
| Reddit Inc-a (RDDT) CUSIP 75734B100 | 0.2% | $253m | 1,457,561 | -$83m -1,036,713 shares | Trimmed |
| Invesco QQQ Trus (QQQ) puts · CUSIP 46090E103 | 0.2% | $238m | 323,100 | +$158m +184,600 shares | Added |
| Prologis Inc (PLD) REIT · CUSIP 74340W103 | 0.2% | $238m | 1,756,306 | +$138m +997,554 shares | Added |
| Snowflake Inc (SNOW) CUSIP 833445109 | 0.2% | $232m | 912,838 | +$231m +903,219 shares | Added |
| Alphabet Inc-c (GOOG) CUSIP 02079K107 | 0.2% | $230m | 650,357 | -$334m -1,315,922 shares | Trimmed |
| RTX Corp (RTX) CUSIP 75513E101 | 0.2% | $228m | 1,199,165 | +$87m +471,941 shares | Added |
| Norfolk Southern (NSC) CUSIP 655844108 | 0.2% | $224m | 711,526 | +$39m +68,013 shares | Added |
| Freeport-mcmoran (FCX) CUSIP 35671D857 | 0.2% | $223m | 3,548,060 | +$135m +2,053,928 shares | Added |
| American Tower C (AMT) REIT · CUSIP 03027X100 | 0.2% | $220m | 1,343,001 | +$90m +591,747 shares | Added |
| Waters Corp (WAT) CUSIP 941848103 | 0.2% | $218m | 581,332 | +$151m +354,446 shares | Added |
| Invesco QQQ Trus (QQQ) calls · CUSIP 46090E103 | 0.2% | $218m | 295,700 | +$37m -17,600 shares | Trimmed |
| Humana Inc (HUM) CUSIP 444859102 | 0.2% | $217m | 545,978 | No earlier filing | New |
| Sofi Technologie (SOFI) CUSIP 83406F102 | 0.2% | $210m | 11,697,405 | +$106m +5,177,721 shares | Added |
| Doordash Inc-a (DASH) CUSIP 25809K105 | 0.2% | $203m | 1,100,803 | +$21m -112,310 shares | Trimmed |
| Tower Semicondct (TSEM) CUSIP M87915274 | 0.2% | $203m | 778,218 | +$128m +354,221 shares | Added |
| Marriott Intl-a (MAR) CUSIP 571903202 | 0.2% | $202m | 546,138 | -$136m -488,134 shares | Trimmed |
| Brit Amer To-adr (BTI) ADR · CUSIP 110448107 | 0.2% | $202m | 3,270,886 | +$8.6m -37,110 shares | Trimmed |
| Copart Inc (CPRT) CUSIP 217204106 | 0.2% | $202m | 7,158,187 | +$158m +5,823,599 shares | Added |
| Micron Tech (MU) puts · CUSIP 595112103 | 0.2% | $200m | 172,900 | +$175m +100,200 shares | Added |
| 3M Co (MMM) CUSIP 88579Y101 | 0.2% | $198m | 1,224,555 | +$44m +163,533 shares | Added |
| Lowe's Cos Inc (LOW) CUSIP 548661107 | 0.2% | $196m | 890,746 | +$79m +393,516 shares | Added |
| Republic SVCS (RSG) CUSIP 760759100 | 0.2% | $196m | 919,625 | No earlier filing | New |
| Berkshire Hath-b (BRK-B) CUSIP 084670702 | 0.2% | $195m | 390,170 | -$7.3m -32,504 shares | Trimmed |
| Amer Sports Inc (AS) CUSIP G0260P102 | 0.2% | $195m | 5,764,535 | +$33m +836,980 shares | Added |
| Capital One Fina (COF) CUSIP 14040H105 | 0.2% | $194m | 969,079 | -$89m -583,402 shares | Trimmed |
| iShares PHLX Sox (SOXX) calls · CUSIP 464287523 | 0.1% | $188m | 293,500 | No earlier filing | New |
| Shopify Inc - A (SHOP) CUSIP 82509L107 | 0.1% | $187m | 1,633,517 | -$115m -908,369 shares | Trimmed |
| Pepsico Inc (PEP) CUSIP 713448108 | 0.1% | $185m | 1,368,975 | +$143m +1,098,305 shares | Added |
Every filing on file
| Quarter | Period end | Filed | Book | Positions | Top 10 | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | 30 Jun 2026 | 13 Aug 2026 | $127bn | 3,103 | 38% | 13F-HR |
| Q1 2026 | 31 Mar 2026 | 15 May 2026 | $100bn | 3,130 | 32% | 13F-HR |
| Q4 2025 | 31 Dec 2025 | 13 Feb 2026 | $110bn | 2,899 | 35% | 13F-HR |
| Q3 2025 | 30 Sept 2025 | 13 Nov 2025 | $98.6bn | 2,834 | 35% | 13F-HR |
| Q2 2025 | 30 Jun 2025 | 13 Aug 2025 | $88.8bn | 2,634 | 31% | 13F-HR |
| Q1 2025 | 31 Mar 2025 | 15 May 2025 | $78.8bn | 2,573 | 32% | 13F-HR |
| Q4 2024 | 31 Dec 2024 | 13 Feb 2025 | $83.2bn | 2,525 | 35% | 13F-HR |
| Q3 2024 | 30 Sept 2024 | 14 Nov 2024 | $82.1bn | 2,443 | 34% | 13F-HR |
Taking this into the room
Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.
A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.
What this filing leaves out
A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.
The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.
You have read the book. Now have a view on one name
Pick a position, work out what it is worth, and be ready to defend it. That is the difference between a candidate who read the filing and one who did something with it.
Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More
This manager, next quarter, and the week between
One email a week on what moved in the market, with the 13F changes the quarter they are filed.
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