BRIDGEWAY CAPITAL MANAGEMENT, LLC

Diversified mechanical Mechanical CIK 1107261
League rank
#99
in Diversified mechanical · #2121 overall
Long book
$4.97B
Q1 2026
Positions
1221
Top-10 weight
7%
concentration
Last quarter
+13.9%
SPY +14.8%
Turnover
17%
of book per quarter

Strategy in plain words

auto-generated from filings

BRIDGEWAY CAPITAL MANAGEMENT, LLC is a mechanically diversified allocator, running a $4.97B US long book across 1221 positions.

The portfolio is broadly diversified across 1221 positions (top 10 only 7%). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, BROADCOM INC, JPMORGAN CHASE & CO, EXXON MOBIL CORP.

Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-2.3%
Q2 2024
+8.4%
Q3 2024
+1.6%
Q4 2024
-8.4%
Q1 2025
+6.5%
Q2 2025
+10.3%
Q3 2025
+4.0%
Q4 2025
+5.2%
Q1 2026
+13.9%

Sector allocation

Financials
26%
Industrials
16%
Technology
12%
Consumer discretionary
10%
Energy
9%
Other
6%
Healthcare
6%
Services media
6%

Long book by quarter

$4.89B
Q1 2024
$4.27B
Q2 2024
$4.63B
Q3 2024
$4.47B
Q4 2024
$3.97B
Q1 2025
$4.21B
Q2 2025
$4.69B
Q3 2025
$4.77B
Q4 2025
$4.97B
Q1 2026

What does BRIDGEWAY CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology278.4K$48.6M1.0%-0.3%
AAPL APPLE INCTechnology159.7K$40.5M0.8%+1.7%
AVGO BROADCOM INCTechnology123.4K$38.2M0.8%-2.3%
JPM JPMORGAN CHASE & COFinancials123.4K$36.3M0.7%+2.3%
XOM EXXON MOBIL CORPEnergy208.7K$35.4M0.7%+2.7%
MSFT MICROSOFT CORPTechnology92.2K$34.1M0.7%-1.7%
CVX CHEVRON CORPEnergy163.9K$33.9M0.7%+2.1%
LBRT LIBERTY ENERGY INCEnergy1.1M$31.3M0.6%-12.2%
VZ VERIZON COMMUNICATIONS INCCommunications611.6K$30.7M0.6%+2.1%
VSAT VIASAT INCCommunications660.2K$30.2M0.6%-15.0%
AMD ADVANCED MICRO DEVICESTechnology148.6K$30.2M0.6%+2.5%
INSW INTERNATIONAL SEAWAYS INCIndustrials414.6K$30.2M0.6%0.0%
SPHR SPHERE ENTERTAINMENT COServices media255.2K$30.0M0.6%-9.8%
JNJ JOHNSON & JOHNSONHealthcare120.5K$29.4M0.6%+2.1%
AMZN AMAZON.COM INCConsumer discretionary138.8K$28.9M0.6%+8.9%
GOOGL ALPHABET INC-CL ATechnology97.4K$28.0M0.6%+12.6%
DAN DANA INCIndustrials809.2K$27.2M0.5%-21.5%
MRK MERCK & CO. INC.Healthcare225.1K$27.1M0.5%-15.1%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology185.0K$27.1M0.5%+10.8%
LLY ELI LILLY & COHealthcare29.2K$26.8M0.5%-5.2%
COST COSTCO WHOLESALE CORPConsumer discretionary26.8K$26.7M0.5%-12.5%
PTEN PATTERSON-UTI ENERGY INCEnergy2.4M$26.3M0.5%-9.2%
BTU PEABODY ENERGY CORPMaterials797.1K$26.3M0.5%-5.9%
TPC TUTOR PERINI CORPIndustrials334.1K$25.8M0.5%-5.1%
BFH BREAD FINANCIAL HOLDINGS INCFinancials330.5K$24.7M0.5%-3.1%
ORCL ORACLE CORPTechnology167.0K$24.6M0.5%+33.6%
V VISA INC-CLASS A SHARESServices media81.2K$24.5M0.5%-12.4%
WFC WELLS FARGO & COFinancials307.8K$24.5M0.5%-12.5%
META META PLATFORMS INC-CLASS ATechnology42.8K$24.5M0.5%+3.8%
PG PROCTER & GAMBLE CO/THEOther169.6K$24.5M0.5%-0.4%
BAC BANK OF AMERICA CORPFinancials502.4K$24.5M0.5%+13.1%
MA MASTERCARD INC - AServices media49.0K$24.5M0.5%+14.7%
NFLX NETFLIX INCServices media254.3K$24.5M0.5%-2.2%
CSCO CISCO SYSTEMS INCTechnology315.1K$24.5M0.5%-0.5%
RTX RTX CORPIndustrials126.7K$24.4M0.5%-4.8%
TSLA TESLA INCIndustrials65.8K$24.4M0.5%+21.5%
KO COCA-COLA CO/THEConsumer staples321.4K$24.4M0.5%-8.0%
DIS WALT DISNEY CO/THEServices media253.6K$24.4M0.5%+18.1%
IBM INTL BUSINESS MACHINES CORPTechnology100.8K$24.4M0.5%+22.5%
MCD MCDONALD'S CORPConsumer discretionary78.6K$24.4M0.5%-1.7%
HD HOME DEPOT INCConsumer discretionary74.2K$24.4M0.5%+4.7%
WMT WALMART INCConsumer discretionary196.3K$24.4M0.5%-10.4%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials50.9K$24.4M0.5%+4.9%
ABBV ABBVIE INCHealthcare112.1K$24.4M0.5%+5.0%
UNH UNITEDHEALTH GROUP INCFinancials90.1K$24.4M0.5%+21.8%
KMT KENNAMETAL INCIndustrials669.2K$24.2M0.5%+2.0%
VSXY VICTORIA'S SECRET & COConsumer discretionary515.8K$23.9M0.5%-11.4%
SIG SIGNET JEWELERS LTDConsumer discretionary275.9K$23.4M0.5%-1.9%
HP HELMERICH & PAYNEEnergy634.8K$22.9M0.5%+2.8%
PHIN PHINIA INCIndustrials333.7K$22.8M0.5%-4.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20261221$4.97B canonicalSEC ↗
Q4 202513F-HRFeb 17, 20261220$4.77B canonicalSEC ↗
Q3 202513F-HRNov 14, 20251196$4.69B canonicalSEC ↗
Q2 202513F-HRAug 14, 20251180$4.21B canonicalSEC ↗
Q1 202513F-HRMay 15, 20251172$3.97B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20251192$4.47B canonicalSEC ↗
Q3 202413F-HRNov 14, 20241253$4.63B canonicalSEC ↗
Q2 202413F-HRAug 14, 20241263$4.27B canonicalSEC ↗
Q1 202413F-HRMay 15, 20241304$4.89B canonicalSEC ↗