FIRST TRUST ADVISORS LP
Long book
$139.95B
Q1 2026
Positions
2602
Top-10 weight
10%
concentration
Last quarter
+16.2%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsFIRST TRUST ADVISORS LP is an index provider — its holdings mirror index composition mechanically, running a $139.95B US long book across 2602 positions.
The portfolio is broadly diversified across 2602 positions (top 10 only 10%). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, CISCO SYSTEMS INC, BROADCOM INC, MICROSOFT CORP, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.4pp 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
-0.7%
Q2 2024
+7.0%
Q3 2024
+1.4%
Q4 2024
-3.2%
Q1 2025
+10.1%
Q2 2025
+6.3%
Q3 2025
+0.5%
Q4 2025
-0.6%
Q1 2026
+16.2%
Sector allocation
Technology 28%
Industrials 20%
Financials 15%
Healthcare 7%
Consumer discretionary 6%
Services media 6%
Other 5%
Energy 4%
Long book by quarter
What does FIRST TRUST own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 10.4M | $1.82B | 1.3% | +5.4% |
| CSCO CISCO SYSTEMS INC | Technology | 22.1M | $1.72B | 1.2% | -14.5% |
| AVGO BROADCOM INC | Technology | 5.2M | $1.60B | 1.1% | +8.9% |
| MSFT MICROSOFT CORP | Technology | 4.1M | $1.53B | 1.1% | +13.8% |
| GOOGL ALPHABET INC-CL A | Technology | 4.9M | $1.41B | 1.0% | +1.0% |
| AAPL APPLE INC | Technology | 5.2M | $1.32B | 0.9% | +20.9% |
| META META PLATFORMS INC-CLASS A | Technology | 1.9M | $1.08B | 0.8% | -12.4% |
| XOM EXXON MOBIL CORP | Energy | 6.2M | $1.05B | 0.7% | -6.0% |
| PANW PALO ALTO NETWORKS INC | Technology | 6.5M | $1.04B | 0.7% | +4.4% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 2.6M | $1.01B | 0.7% | +16.6% |
| FTNT FORTINET INC | Technology | 11.5M | $940.3M | 0.7% | +45.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 4.3M | $902.9M | 0.6% | -17.1% |
| LRCX LAM RESEARCH CORP | Industrials | 4.2M | $902.8M | 0.6% | -24.5% |
| CVX CHEVRON CORP | Energy | 4.3M | $885.3M | 0.6% | +4.2% |
| AMAT APPLIED MATERIALS INC | Technology | 2.6M | $885.0M | 0.6% | -14.1% |
| GEV GE VERNOVA INC | Industrials | 958.7K | $836.8M | 0.6% | +14.8% |
| KLAC KLA CORP | Other | 565.9K | $833.2M | 0.6% | -13.5% |
| ETN EATON CORP PLC | Industrials | 2.3M | $821.5M | 0.6% | +38.7% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 3.3M | $807.3M | 0.6% | +50.5% |
| ROST ROSS STORES INC | Consumer discretionary | 3.7M | $800.3M | 0.6% | +6.1% |
| NET CLOUDFLARE INC - CLASS A | Technology | 3.8M | $778.7M | 0.6% | -6.1% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 5.8M | $754.5M | 0.5% | +28.3% |
| SNA SNAP-ON INC | Industrials | 2.0M | $738.5M | 0.5% | +3.3% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 14.7M | $738.3M | 0.5% | -6.2% |
| CRM SALESFORCE INC | Technology | 3.7M | $693.1M | 0.5% | +10.7% |
| ACN ACCENTURE PLC-CL A | Services media | 3.5M | $690.5M | 0.5% | +120.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 692.3K | $689.8M | 0.5% | +18.0% |
| JPM JPMORGAN CHASE & CO | Financials | 2.2M | $657.9M | 0.5% | +16.4% |
| MPWR MONOLITHIC POWER SYSTEMS INC | Technology | 591.4K | $646.6M | 0.5% | -15.7% |
| MLI MUELLER INDUSTRIES INC | Industrials | 5.6M | $619.8M | 0.4% | +0.6% |
| PEP PEPSICO INC | Consumer staples | 4.0M | $615.6M | 0.4% | +4.0% |
| BKNG BOOKING HOLDINGS INC | Industrials | 140.9K | $593.3M | 0.4% | +0.9% |
| BKR BAKER HUGHES CO | Industrials | 9.7M | $590.0M | 0.4% | +4.0% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 2.8M | $586.1M | 0.4% | +8.3% |
| FIX COMFORT SYSTEMS USA INC | Industrials | 415.9K | $573.5M | 0.4% | -13.7% |
| PFE PFIZER INC | Healthcare | 20.4M | $573.5M | 0.4% | +9.0% |
| V VISA INC-CLASS A SHARES | Services media | 1.9M | $565.4M | 0.4% | -3.5% |
| PWR QUANTA SERVICES INC | Industrials | 1.0M | $551.2M | 0.4% | +18.3% |
| GE GENERAL ELECTRIC | Industrials | 1.9M | $550.7M | 0.4% | +0.4% |
| AKAM AKAMAI TECHNOLOGIES INC | Services media | 4.8M | $549.0M | 0.4% | -29.2% |
| VLTO VERALTO CORP | Technology | 6.2M | $543.8M | 0.4% | +31.5% |
| NFLX NETFLIX INC | Services media | 5.6M | $537.8M | 0.4% | -26.6% |
| MRK MERCK & CO. INC. | Healthcare | 4.5M | $537.2M | 0.4% | -3.5% |
| ORCL ORACLE CORP | Technology | 3.6M | $534.5M | 0.4% | +23.3% |
| ANET ARISTA NETWORKS INC | Technology | 4.3M | $531.4M | 0.4% | +13.8% |
| CB CHUBB LTD | Financials | 1.6M | $523.4M | 0.4% | +5.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.1M | $515.5M | 0.4% | +1.6% |
| QCOM QUALCOMM INC | Technology | 4.0M | $514.9M | 0.4% | +2.3% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 4.3M | $511.4M | 0.4% | -1.9% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 2.5M | $507.5M | 0.4% | +11.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 2882 | $139.95B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 2910 | $137.60B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 2822 | $134.33B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 2844 | $124.34B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 2791 | $112.91B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 2814 | $113.44B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 2594 | $104.97B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 2597 | $98.08B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 2611 | $98.53B | canonical | SEC ↗ |
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