Gradient Investments LLC
Long book
$6.45B
Q1 2026
Positions
420
Top-10 weight
23%
concentration
Last quarter
+9.5%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filingsGradient Investments LLC is a wealth-management firm allocating client money, running a $6.45B US long book across 420 positions.
The portfolio is broadly diversified across 420 positions (top 10 only 23%). Turnover is modest: positions are typically held for years. Current anchor positions: STE STR SPDR PT S&P 500 ETF, DOUBLELINE MORTGAGE ETF, SPDR GOLD MINISHARES TRUST, NVIDIA CORP, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 3 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
+1.1%
Q2 2024
+6.0%
Q3 2024
+0.2%
Q4 2024
-1.1%
Q1 2025
+7.5%
Q2 2025
+5.8%
Q3 2025
+1.7%
Q4 2025
-1.6%
Q1 2026
+9.5%
Sector allocation
Technology 28%
Financials 15%
Consumer discretionary 14%
Industrials 10%
Healthcare 10%
Energy 6%
Other 5%
Services media 4%
Long book by quarter
What does Gradient Investments own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 741.5K | $129.3M | 2.0% | -3.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 616.7K | $128.4M | 2.0% | +1.4% |
| AAPL APPLE INC | Technology | 493.3K | $125.2M | 1.9% | -2.6% |
| MSFT MICROSOFT CORP | Technology | 319.6K | $118.3M | 1.8% | +6.8% |
| GOOG ALPHABET INC-CL C | Technology | 366.4K | $105.1M | 1.6% | -8.0% |
| META META PLATFORMS INC-CLASS A | Technology | 141.3K | $80.8M | 1.3% | -1.9% |
| CVX CHEVRON CORP | Energy | 308.4K | $63.8M | 1.0% | -9.1% |
| GS GOLDMAN SACHS GROUP INC | Financials | 70.1K | $59.3M | 0.9% | -3.8% |
| AVGO BROADCOM INC | Technology | 188.8K | $58.4M | 0.9% | 0.0% |
| JPM JPMORGAN CHASE & CO | Financials | 193.6K | $56.9M | 0.9% | +0.1% |
| MS MORGAN STANLEY | Financials | 327.5K | $53.9M | 0.8% | -0.7% |
| TGT TARGET CORP | Consumer discretionary | 426.2K | $51.7M | 0.8% | -6.9% |
| WMT WALMART INC | Consumer discretionary | 383.1K | $47.6M | 0.7% | -6.2% |
| KO COCA-COLA CO/THE | Consumer staples | 563.7K | $42.9M | 0.7% | -4.0% |
| MDT MEDTRONIC PLC | Healthcare | 478.0K | $41.4M | 0.6% | -0.2% |
| UNH UNITEDHEALTH GROUP INC | Financials | 151.9K | $41.1M | 0.6% | +6.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 82.6K | $39.6M | 0.6% | -1.7% |
| ETN EATON CORP PLC | Industrials | 110.5K | $39.5M | 0.6% | -7.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 125.2K | $38.9M | 0.6% | -1.4% |
| V VISA INC-CLASS A SHARES | Services media | 125.5K | $37.9M | 0.6% | +0.6% |
| ABT ABBOTT LABORATORIES | Healthcare | 362.7K | $37.2M | 0.6% | +4.7% |
| PG PROCTER & GAMBLE CO/THE | Other | 250.3K | $36.1M | 0.6% | -1.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 139.1K | $34.0M | 0.5% | -8.4% |
| BAC BANK OF AMERICA CORP | Financials | 696.0K | $33.9M | 0.5% | +1.4% |
| COP CONOCOPHILLIPS | Energy | 254.5K | $33.6M | 0.5% | -7.3% |
| LOW LOWE'S COS INC | Consumer discretionary | 141.6K | $33.5M | 0.5% | -7.8% |
| NFLX NETFLIX INC | Services media | 339.0K | $32.6M | 0.5% | +4.0% |
| LRCX LAM RESEARCH CORP | Industrials | 143.8K | $30.7M | 0.5% | -14.5% |
| PANW PALO ALTO NETWORKS INC | Technology | 179.4K | $28.8M | 0.4% | +3.7% |
| PWR QUANTA SERVICES INC | Industrials | 50.4K | $27.7M | 0.4% | -11.8% |
| SBUX STARBUCKS CORP | Consumer discretionary | 308.7K | $27.7M | 0.4% | -6.6% |
| URI UNITED RENTALS INC | Services media | 36.6K | $26.7M | 0.4% | -7.0% |
| APH AMPHENOL CORP-CL A | Technology | 202.8K | $25.6M | 0.4% | -5.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 25.3K | $25.2M | 0.4% | -10.7% |
| ECL ECOLAB INC | Other | 92.9K | $24.7M | 0.4% | -7.6% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 41.8K | $24.6M | 0.4% | -5.5% |
| BKR BAKER HUGHES CO | Industrials | 392.6K | $24.0M | 0.4% | -14.2% |
| XOM EXXON MOBIL CORP | Energy | 139.7K | $23.7M | 0.4% | -2.7% |
| WCN WASTE CONNECTIONS INC | Utilities | 144.9K | $23.5M | 0.4% | -0.5% |
| NEE NEXTERA ENERGY INC | Utilities | 247.5K | $23.0M | 0.4% | -6.8% |
| LYB LYONDELLBASELL INDU-CL A | Other | 271.5K | $21.9M | 0.3% | -6.0% |
| GOOGL ALPHABET INC-CL A | Technology | 73.9K | $21.2M | 0.3% | +29.6% |
| AZN ASTRAZENECA PLC | Healthcare | 104.8K | $20.7M | 0.3% | New |
| TJX TJX COMPANIES INC | Consumer discretionary | 129.3K | $20.6M | 0.3% | -2.2% |
| DXCM DEXCOM INC | Healthcare | 319.3K | $20.0M | 0.3% | -3.8% |
| PYPL PAYPAL HOLDINGS INC | Services media | 429.4K | $19.4M | 0.3% | +16.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 13, 2026 | 420 | $6.45B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 8, 2026 | 343 | $6.30B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 6, 2025 | 369 | $5.99B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 8, 2025 | 358 | $5.47B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 9, 2025 | 320 | $4.96B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 21, 2025 | 298 | $4.94B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 299 | $4.80B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 18, 2024 | 1377 | $4.45B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 23, 2024 | 1235 | $4.31B | canonical | SEC ↗ |