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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
$127bn
+$26.3bn on Q1 2026
Positions
3,103
10 new, 100 sold out
Top ten weight
38%
Spread across the book
Quarter
Q2 2026
Filed 13 Aug 2026
Read the Q2 2026 filing on sec.gov CIK 0001318757 · Quant / systematic · United Kingdom
Reported book by quarter
$0$63.3bn$127bnQ3 24: $82.1bn$82.1bnQ3 24Q4 24: $83.2bn$83.2bnQ4 24Q1 25: $78.8bn$78.8bnQ1 25Q2 25: $88.8bn$88.8bnQ2 25Q3 25: $98.6bn$98.6bnQ3 25Q4 25: $110bn$110bnQ4 25Q1 26: $100bn$100bnQ1 26Q2 26: $127bn$127bnQ2 26
Largest positions, share of the book
Ishares-s&p 500: 24%Ishares-s&p 50024%SPDR Portfolio L: 3.3%SPDR Portfolio L3.3%Apple Inc (AAPL): 2.1%Apple Inc (AAPL)2.1%Amazon.com Inc (AMZN): 1.8%Amazon.com Inc (AMZN)1.8%Adv Micro Device: 1.8%Adv Micro Device1.8%Nvidia Corp (NVDA): 1.4%Nvidia Corp (NVDA)1.4%Micron Tech: 1.2%Micron Tech1.2%Microsoft Corp (MSFT): 1.0%Microsoft Corp (MSFT)1.0%Costco Wholesale (COST): 0.9%Costco Wholesale (COST)0.9%Morgan Stanley: 0.8%Morgan Stanley0.8%

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$299m · 0.2%
  • LPL Financial Ho$275m · 0.2%
  • Humana Inc (HUM)$217m · 0.2%
  • Republic SVCS$196m · 0.2%
  • iShares PHLX Sox$188m · 0.1%
  • Wingstop Inc (WING)$167m · 0.1%
  • Invesco S&P 500$150m · 0.1%
  • Ishares-s&p 500$135m · 0.1%
  • Blackrock Inc (BLK)$123m · 0.1%
  • Raymond James$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$132m held before
  • Insulet Corp (PODD)$127m held before
  • Rocket Lab Corp (RKLB)$121m held before
  • Kimberly-clark (KMB)$114m held before
  • Spdr-materials$107m held before
  • Jabil Inc (JBL)$85m held before
  • Chewy Inc- CL A$84m held before
  • Pan Amer Silver$83m held before
  • Williams Cos Inc$75m held before
  • Millicom Intl$69m held before
  • Celanese Corp (CE)$69m held before
  • Heico Corp$66m held before
  • and 88 more.

Every reported position, Q2 2026

200 positions, sorted by weight · page 2 of 2

PositionWeight ↑ValueSharesChange on the quarterAction
Pepsico Inc (PEP)
COMMON STOCK · CUSIP 713448108
0.1%$185m1,368,975
+$143m
+1,098,305 shares
Added
Shopify Inc - A
COMMON STOCK · CUSIP 82509L107
0.1%$187m1,633,517
-$115m
-908,369 shares
Trimmed
iShares PHLX Sox
EQUITY OPTION CALL · CUSIP 464287523
0.1%$188m293,500No earlier filingNew
Capital One Fina
COMMON STOCK · CUSIP 14040H105
0.2%$194m969,079
-$89m
-583,402 shares
Trimmed
Amer Sports Inc (AS)
COMMON STOCK · CUSIP G0260P102
0.2%$195m5,764,535
+$33m
+836,980 shares
Added
Berkshire Hath-b
COMMON STOCK · CUSIP 084670702
0.2%$195m390,170
-$7.3m
-32,504 shares
Trimmed
Republic SVCS
COMMON STOCK · CUSIP 760759100
0.2%$196m919,625No earlier filingNew
Lowe's Cos Inc
COMMON STOCK · CUSIP 548661107
0.2%$196m890,746
+$79m
+393,516 shares
Added
3M Co (MMM)
COMMON STOCK · CUSIP 88579Y101
0.2%$198m1,224,555
+$44m
+163,533 shares
Added
Micron Tech
EQUITY OPTION PUT · CUSIP 595112103
0.2%$200m172,900
+$175m
+100,200 shares
Added
Copart Inc (CPRT)
COMMON STOCK · CUSIP 217204106
0.2%$202m7,158,187
+$158m
+5,823,599 shares
Added
Brit Amer To-adr
ADR · CUSIP 110448107
0.2%$202m3,270,886
+$8.6m
-37,110 shares
Trimmed
Marriott Intl-a
COMMON STOCK · CUSIP 571903202
0.2%$202m546,138
-$136m
-488,134 shares
Trimmed
Tower Semicondct
COMMON STOCK · CUSIP M87915274
0.2%$203m778,218
+$128m
+354,221 shares
Added
Doordash Inc-a
COMMON STOCK · CUSIP 25809K105
0.2%$203m1,100,803
+$21m
-112,310 shares
Trimmed
Sofi Technologie
COMMON STOCK · CUSIP 83406F102
0.2%$210m11,697,405
+$106m
+5,177,721 shares
Added
Humana Inc (HUM)
COMMON STOCK · CUSIP 444859102
0.2%$217m545,978No earlier filingNew
Invesco QQQ Trus
EQUITY OPTION CALL · CUSIP 46090E103
0.2%$218m295,700
+$37m
-17,600 shares
Trimmed
Waters Corp
COMMON STOCK · CUSIP 941848103
0.2%$218m581,332
+$151m
+354,446 shares
Added
American Tower C
REIT · CUSIP 03027X100
0.2%$220m1,343,001
+$90m
+591,747 shares
Added
Freeport-mcmoran (FCX)
COMMON STOCK · CUSIP 35671D857
0.2%$223m3,548,060
+$135m
+2,053,928 shares
Added
Norfolk Southern (NSC)
COMMON STOCK · CUSIP 655844108
0.2%$224m711,526
+$39m
+68,013 shares
Added
RTX Corp (RTX)
COMMON STOCK · CUSIP 75513E101
0.2%$228m1,199,165
+$87m
+471,941 shares
Added
Alphabet Inc-c
COMMON STOCK · CUSIP 02079K107
0.2%$230m650,357
-$334m
-1,315,922 shares
Trimmed
Snowflake Inc (SNOW)
COMMON STOCK · CUSIP 833445109
0.2%$232m912,838
+$231m
+903,219 shares
Added
Invesco QQQ Trus
EQUITY OPTION PUT · CUSIP 46090E103
0.2%$238m323,100
+$158m
+184,600 shares
Added
Prologis Inc
REIT · CUSIP 74340W103
0.2%$238m1,756,306
+$138m
+997,554 shares
Added
Reddit Inc-a
COMMON STOCK · CUSIP 75734B100
0.2%$253m1,457,561
-$83m
-1,036,713 shares
Trimmed
Netflix Inc (NFLX)
COMMON STOCK · CUSIP 64110L106
0.2%$255m3,575,603
-$67m
+225,005 shares
Added
Western Digital (WDC)
COMMON STOCK · CUSIP 958102105
0.2%$256m400,306
+$3.8m
-531,017 shares
Trimmed
Asml Holding-ny
NY REG SHRS · CUSIP N07059210
0.2%$259m130,266
-$32m
-90,307 shares
Trimmed
Cloudflare Inc-a
COMMON STOCK · CUSIP 18915M107
0.2%$261m1,065,580
+$58m
+78,973 shares
Added
Spdr S&P 500 Etf
EQUITY OPTION PUT · CUSIP 78462F103
0.2%$264m353,500
+$171m
+209,800 shares
Added
Linde PLC (LIN)
COMMON STOCK · CUSIP G54950103
0.2%$264m508,958
+$150m
+278,063 shares
Added
Microsoft Corp (MSFT)
EQUITY OPTION PUT · CUSIP 594918104
0.2%$266m713,700
+$43m
+111,500 shares
Added
Sea Ltd-adr
ADR · CUSIP 81141R100
0.2%$267m2,781,666
+$62m
+309,264 shares
Added
Vertex Pharm
COMMON STOCK · CUSIP 92532F100
0.2%$270m543,897
+$129m
+226,839 shares
Added
LPL Financial Ho
COMMON STOCK · CUSIP 50212V100
0.2%$275m975,627No earlier filingNew
Five Below (FIVE)
COMMON STOCK · CUSIP 33829M101
0.2%$276m1,537,377
-$28m
+203,460 shares
Added
iShares Silver T
EQUITY OPTION PUT · CUSIP 46428Q109
0.2%$290m5,421,900
-$118m
-568,300 shares
Trimmed
Lumentum Hol
COMMON STOCK · CUSIP 55024U109
0.2%$290m338,491
+$80m
+38,822 shares
Added
Analog Devices (ADI)
COMMON STOCK · CUSIP 032654105
0.2%$295m743,270
-$3.5m
-195,544 shares
Trimmed
Nextera Energy
COMMON STOCK · CUSIP 65339F101
0.2%$296m3,371,772
+$226m
+2,621,272 shares
Added
Citigroup Inc
COMMON STOCK · CUSIP 172967424
0.2%$297m2,122,218
+$237m
+1,595,118 shares
Added
Walmart Inc (WMT)
COMMON STOCK · CUSIP 931142103
0.2%$298m2,627,039
+$34m
+509,383 shares
Added
iShares PHLX Sox
EQUITY OPTION PUT · CUSIP 464287523
0.2%$299m465,800No earlier filingNew
Tapestry Inc (TPR)
COMMON STOCK · CUSIP 876030107
0.2%$300m2,052,129
+$69m
+415,004 shares
Added
Palantir Techn-a
COMMON STOCK · CUSIP 69608A108
0.2%$304m2,609,060
-$128m
-348,312 shares
Trimmed
Vertiv Holding-a
COMMON STOCK · CUSIP 92537N108
0.3%$318m950,002
+$308m
+908,848 shares
Added
Salesforce Inc (CRM)
COMMON STOCK · CUSIP 79466L302
0.3%$322m2,057,457
+$214m
+1,478,610 shares
Added
Casey's General
COMMON STOCK · CUSIP 147528103
0.3%$339m426,104
+$25m
-4,246 shares
Trimmed
Robinhood Mark-a
COMMON STOCK · CUSIP 770700102
0.3%$344m3,429,659
+$280m
+2,508,086 shares
Added
Intel Corp (INTC)
COMMON STOCK · CUSIP 458140100
0.3%$348m2,493,502
+$28m
-4,761,622 shares
Trimmed
T-mobile US Inc
COMMON STOCK · CUSIP 872590104
0.3%$356m2,120,218
-$142m
-249,290 shares
Trimmed
Parker Hannifin (PH)
COMMON STOCK · CUSIP 701094104
0.3%$359m367,300
+$345m
+351,784 shares
Added
Altria Group Inc (MO)
COMMON STOCK · CUSIP 02209S103
0.3%$360m5,006,159
+$130m
+1,517,876 shares
Added
United Parcel-b
COMMON STOCK · CUSIP 911312106
0.3%$371m3,446,393
+$259m
+2,316,549 shares
Added
Globalfoundries (GFS)
COMMON STOCK · CUSIP G39387108
0.3%$378m4,581,796
+$153m
-469,852 shares
Trimmed
Corning Inc
COMMON STOCK · CUSIP 219350105
0.3%$386m1,512,374
+$137m
-322,781 shares
Trimmed
Uber Technologie
COMMON STOCK · CUSIP 90353T100
0.3%$393m5,444,577
+$232m
+3,213,939 shares
Added
Automatic Data
COMMON STOCK · CUSIP 053015103
0.3%$397m1,771,511
+$301m
+1,298,807 shares
Added
Eli Lilly & Co (LLY)
COMMON STOCK · CUSIP 532457108
0.3%$401m334,637
-$129m
-241,537 shares
Trimmed
Applied Material
COMMON STOCK · CUSIP 038222105
0.3%$419m579,156
+$37m
-539,136 shares
Trimmed
Cisco Systems (CSCO)
COMMON STOCK · CUSIP 17275R102
0.3%$419m3,565,600
+$388m
+3,162,098 shares
Added
Chevron Corp (CVX)
COMMON STOCK · CUSIP 166764100
0.3%$420m2,535,368
-$444m
-1,639,293 shares
Trimmed
Monster Beverage (MNST)
COMMON STOCK · CUSIP 61174X109
0.3%$423m4,396,238
+$347m
+3,358,305 shares
Added
Exxon Mobil Corp
COMMON STOCK · CUSIP 30231G102
0.3%$430m3,142,185
+$383m
+2,867,185 shares
Added
Nokia Corp-adr
ADR · CUSIP 654902204
0.3%$439m33,023,225
+$358m
+23,049,146 shares
Added
Broadcom Inc (AVGO)
COMMON STOCK · CUSIP 11135F101
0.4%$447m1,181,899
-$316m
-1,281,451 shares
Trimmed
Qualcomm Inc
COMMON STOCK · CUSIP 747525103
0.4%$459m2,481,985
+$456m
+2,457,786 shares
Added
Ferguson Enterpr
COMMON STOCK · CUSIP 31488V107
0.4%$475m2,001,407
+$285m
+1,186,710 shares
Added
SanDisk Corp (SNDK)
COMMON STOCK · CUSIP 80004C200
0.4%$476m209,217
+$117m
-355,369 shares
Trimmed
Texas Instrument
COMMON STOCK · CUSIP 882508104
0.4%$478m1,602,959
+$450m
+1,457,837 shares
Added
Ibm
COMMON STOCK · CUSIP 459200101
0.4%$479m1,702,963
+$409m
+1,414,891 shares
Added
American Express (AXP)
COMMON STOCK · CUSIP 025816109
0.4%$483m1,429,163
+$445m
+1,303,120 shares
Added
Bloom Energy C-a
COMMON STOCK · CUSIP 093712107
0.4%$490m1,618,954
+$350m
+587,318 shares
Added
Cme Group Inc (CME)
COMMON STOCK · CUSIP 12572Q105
0.4%$495m2,241,304
+$257m
+1,437,086 shares
Added
Meta Platforms-a
COMMON STOCK · CUSIP 30303M102
0.4%$502m891,552
-$52m
-76,516 shares
Trimmed
Abbott Labs
COMMON STOCK · CUSIP 002824100
0.4%$503m5,542,438
+$297m
+3,531,500 shares
Added
Market Vectors S
EQUITY OPTION PUT · CUSIP 92189F676
0.4%$508m773,800
+$399m
+491,400 shares
Added
JP Morgan Chase
COMMON STOCK · CUSIP 46625H100
0.5%$648m1,978,070
+$643m
+1,960,990 shares
Added
Coca-cola Co/the (KO)
COMMON STOCK · CUSIP 191216100
0.5%$670m8,240,650
+$244m
+2,646,611 shares
Added
Bank of America
COMMON STOCK · CUSIP 060505104
0.6%$711m12,483,467
+$622m
+10,652,635 shares
Added
Abbvie Inc (ABBV)
COMMON STOCK · CUSIP 00287Y109
0.6%$753m2,990,512
+$752m
+2,989,451 shares
Added
Johnson&johnson (JNJ)
COMMON STOCK · CUSIP 478160104
0.6%$759m2,989,537
+$178m
+611,715 shares
Added
Unitedhealth GRP
COMMON STOCK · CUSIP 91324P102
0.6%$762m1,833,046
+$380m
+422,712 shares
Added
Hilton Worldwide (HLT)
COMMON STOCK · CUSIP 43300A203
0.6%$766m2,319,322
-$700k
-203,453 shares
Trimmed
Alphabet Inc-a
COMMON STOCK · CUSIP 02079K305
0.6%$790m2,210,932
-$120m
-955,151 shares
Trimmed
Taiwan Semic-adr
ADR · CUSIP 874039100
0.7%$865m1,810,476
+$108m
-429,681 shares
Trimmed
Tesla Inc (TSLA)
COMMON STOCK · CUSIP 88160R101
0.7%$920m2,188,456
+$144m
+100,787 shares
Added
Morgan Stanley
COMMON STOCK · CUSIP 617446448
0.8%$972m4,648,847
+$281m
+451,578 shares
Added
Costco Wholesale (COST)
COMMON STOCK · CUSIP 22160K105
0.9%$1.1bn1,174,466
+$836m
+910,725 shares
Added
Microsoft Corp (MSFT)
COMMON STOCK · CUSIP 594918104
1.0%$1.2bn3,340,231
-$1.6m
-30,167 shares
Trimmed
Micron Tech
COMMON STOCK · CUSIP 595112103
1.2%$1.6bn1,348,718
+$1.3bn
+447,282 shares
Added
Nvidia Corp (NVDA)
COMMON STOCK · CUSIP 67066G104
1.4%$1.7bn8,637,159
-$654m
-5,026,180 shares
Trimmed
Adv Micro Device
COMMON STOCK · CUSIP 007903107
1.8%$2.3bn3,898,210
+$1.5bn
+106,224 shares
Added
Amazon.com Inc (AMZN)
COMMON STOCK · CUSIP 023135106
1.8%$2.3bn9,514,151
+$424m
+661,356 shares
Added
Apple Inc (AAPL)
COMMON STOCK · CUSIP 037833100
2.1%$2.6bn9,084,303
+$501m
+701,204 shares
Added
SPDR Portfolio L
ETP · CUSIP 78464A854
3.3%$4.1bn46,869,324
+$319m
-2,780,922 shares
Trimmed
Ishares-s&p 500
ETP · CUSIP 464287200
24%$29.8bn39,828,525
+$12.7bn
+13,546,592 shares
Added

Every filing on file

QuarterPeriod endFiledBookPositionsTop 10Filing
Q2 202630 Jun 202613 Aug 2026$127bn3,10338%13F-HR
Q1 202631 Mar 202615 May 2026$100bn3,13032%13F-HR
Q4 202531 Dec 202513 Feb 2026$110bn2,89935%13F-HR
Q3 202530 Sept 202513 Nov 2025$98.6bn2,83435%13F-HR
Q2 202530 Jun 202513 Aug 2025$88.8bn2,63431%13F-HR
Q1 202531 Mar 202515 May 2025$78.8bn2,57332%13F-HR
Q4 202431 Dec 202413 Feb 2025$83.2bn2,52535%13F-HR
Q3 202430 Sept 202414 Nov 2024$82.1bn2,44334%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.

Compare this against every other manager →How a hedge fund interview runs →

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.

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