ADAGE CAPITAL PARTNERS GP, L.L.C.
Long book
$64.76B
Q1 2026
Positions
953
Top-10 weight
28%
concentration
Last quarter
+14.7%
SPY +14.8%
Turnover
34%
of book per quarter
Strategy in plain words
auto-generated from filingsADAGE CAPITAL PARTNERS GP, L.L.C. is an institutional manager, running a $64.76B US long book across 953 positions.
The portfolio is moderately concentrated (top 10 ≈ 28% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.3pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.8%
Q2 2024
+6.0%
Q3 2024
+1.9%
Q4 2024
-5.0%
Q1 2025
+10.9%
Q2 2025
+8.9%
Q3 2025
+4.8%
Q4 2025
-2.4%
Q1 2026
+14.7%
Sector allocation
Technology 34%
Healthcare 13%
Financials 12%
Industrials 10%
Consumer discretionary 8%
Energy 6%
Services media 4%
Other 4%
Long book by quarter
What does ADAGE CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 22.1M | $3.85B | 6.0% | -0.7% |
| AAPL APPLE INC | Technology | 13.0M | $3.31B | 5.1% | -1.4% |
| MSFT MICROSOFT CORP | Technology | 6.6M | $2.43B | 3.8% | -0.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 9.2M | $1.91B | 2.9% | +1.0% |
| GOOGL ALPHABET INC-CL A | Technology | 5.2M | $1.50B | 2.3% | -0.7% |
| AVGO BROADCOM INC | Technology | 4.1M | $1.27B | 2.0% | -2.6% |
| META META PLATFORMS INC-CLASS A | Technology | 2.1M | $1.18B | 1.8% | +2.1% |
| GOOG ALPHABET INC-CL C | Technology | 4.1M | $1.18B | 1.8% | -1.8% |
| TSLA TESLA INC | Industrials | 2.4M | $897.6M | 1.4% | -2.4% |
| LLY ELI LILLY & CO | Healthcare | 956.8K | $880.1M | 1.4% | +15.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.7M | $804.0M | 1.2% | +2.1% |
| COP CONOCOPHILLIPS | Energy | 6.0M | $794.5M | 1.2% | -14.5% |
| JPM JPMORGAN CHASE & CO | Financials | 2.4M | $710.5M | 1.1% | -0.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.5M | $602.1M | 0.9% | +11.4% |
| RVMD REVOLUTION MEDICINES INC | Healthcare | 5.5M | $532.5M | 0.8% | +148.3% |
| CVX CHEVRON CORP | Energy | 2.5M | $517.4M | 0.8% | +40.5% |
| WMT WALMART INC | Consumer discretionary | 3.7M | $455.1M | 0.7% | -5.5% |
| V VISA INC-CLASS A SHARES | Services media | 1.5M | $450.0M | 0.7% | -1.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 2.8M | $406.9M | 0.6% | -0.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 397.7K | $396.3M | 0.6% | +2.1% |
| XOM EXXON MOBIL CORP | Energy | 2.2M | $376.5M | 0.6% | -16.6% |
| MU MICRON TECHNOLOGY INC | Technology | 1.1M | $373.5M | 0.6% | -0.5% |
| RPRX ROYALTY PHARMA PLC- CL A | Healthcare | 7.5M | $358.8M | 0.6% | -36.3% |
| MA MASTERCARD INC - A | Services media | 713.6K | $356.6M | 0.6% | -2.3% |
| ROIV ROIVANT SCIENCES LTD | Healthcare | 12.8M | $354.4M | 0.5% | +19.8% |
| NFLX NETFLIX INC | Services media | 3.6M | $349.3M | 0.5% | -10.0% |
| MRK MERCK & CO. INC. | Healthcare | 2.7M | $323.3M | 0.5% | 0.0% |
| ABBV ABBVIE INC | Healthcare | 1.5M | $319.8M | 0.5% | -2.5% |
| HD HOME DEPOT INC | Consumer discretionary | 953.9K | $313.7M | 0.5% | -10.2% |
| BAC BANK OF AMERICA CORP | Financials | 6.4M | $312.0M | 0.5% | -1.6% |
| CSCO CISCO SYSTEMS INC | Technology | 3.9M | $301.4M | 0.5% | -0.6% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 2.0M | $299.3M | 0.5% | -0.9% |
| GE GENERAL ELECTRIC | Industrials | 1.0M | $293.6M | 0.5% | +16.7% |
| OVV OVINTIV INC | Energy | 4.9M | $291.3M | 0.4% | -10.2% |
| CSX CSX CORP | Industrials | 7.1M | $290.9M | 0.4% | +84.9% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 4.6M | $290.7M | 0.4% | +122.5% |
| KO COCA-COLA CO/THE | Consumer staples | 3.8M | $289.2M | 0.4% | +11.0% |
| CTRA COTERRA ENERGY INC | — | 8.2M | $288.8M | 0.4% | +649.0% |
| ORCL ORACLE CORP | Technology | 1.9M | $282.3M | 0.4% | +2.6% |
| CAT CATERPILLAR INC | Industrials | 386.8K | $274.0M | 0.4% | +0.6% |
| RTX RTX CORP | Industrials | 1.4M | $272.5M | 0.4% | +23.6% |
| AMD ADVANCED MICRO DEVICES | Technology | 1.3M | $269.7M | 0.4% | -4.3% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 545.8K | $268.3M | 0.4% | -3.3% |
| TNGX TANGO THERAPEUTICS INC | Healthcare | 12.8M | $268.0M | 0.4% | +20.8% |
| PRAX PRAXIS PRECISION MEDICINES I | Healthcare | 815.7K | $262.8M | 0.4% | -15.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 956.5K | $258.8M | 0.4% | +10.7% |
| LRCX LAM RESEARCH CORP | Industrials | 1.2M | $247.4M | 0.4% | -10.3% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 854.0K | $245.1M | 0.4% | +7.0% |
| VNOM VIPER ENERGY INC-CL A | Energy | 5.0M | $235.2M | 0.4% | -12.4% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 1.4M | $230.6M | 0.4% | -0.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 956 | $64.84B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 905 | $66.08B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 872 | $63.14B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 843 | $59.35B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 837 | $53.99B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 869 | $57.19B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 864 | $56.64B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 860 | $54.01B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 864 | $52.98B | canonical | SEC ↗ |
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