Machina Capital S.A.S.
Long book
$508.4M
Q1 2026
Positions
353
Top-10 weight
13%
concentration
Last quarter
+7.9%
SPY +14.8%
Turnover
53%
of book per quarter
Strategy in plain words
auto-generated from filingsMachina Capital S.A.S. is a quantitative fund whose holdings reflect models, not opinions, running a $508.4M US long book across 353 positions.
The portfolio is broadly diversified across 353 positions (top 10 only 13%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: VISTRA CORP, OTIS WORLDWIDE CORP, TJX COMPANIES INC, CHEVRON CORP, ELECTRONIC ARTS 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 4 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
-1.0%
Q2 2024
+9.7%
Q3 2024
-1.9%
Q4 2024
+1.1%
Q1 2025
+7.2%
Q2 2025
+2.4%
Q3 2025
+2.9%
Q4 2025
+0.6%
Q1 2026
+7.9%
Sector allocation
Technology 18%
Industrials 16%
Financials 15%
Consumer discretionary 10%
Utilities 10%
Healthcare 7%
Services media 6%
Other 6%
Long book by quarter
What does Machina Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| VST VISTRA CORP | Utilities | 76.1K | $11.4M | 2.3% | +624.8% |
| OTIS OTIS WORLDWIDE CORP | Industrials | 97.2K | $7.5M | 1.5% | +2.0% |
| TJX TJX COMPANIES INC | Consumer discretionary | 42.8K | $6.8M | 1.3% | +95.4% |
| CVX CHEVRON CORP | Energy | 30.3K | $6.3M | 1.2% | -18.2% |
| EA ELECTRONIC ARTS INC | Technology | 29.2K | $6.0M | 1.2% | +65.4% |
| PEP PEPSICO INC | Consumer staples | 36.0K | $5.6M | 1.1% | +30.0% |
| MMM 3M CO | Healthcare | 38.4K | $5.6M | 1.1% | +237.5% |
| NRG NRG ENERGY INC | Utilities | 38.0K | $5.6M | 1.1% | +340.3% |
| MCD MCDONALD'S CORP | Consumer discretionary | 17.9K | $5.6M | 1.1% | +2.9% |
| BKNG BOOKING HOLDINGS INC | Industrials | 1.3K | $5.5M | 1.1% | +213.1% |
| AVGO BROADCOM INC | Technology | 17.1K | $5.3M | 1.0% | +254.3% |
| CMI CUMMINS INC | Industrials | 9.4K | $5.1M | 1.0% | +43.5% |
| SYY SYSCO CORP | Consumer discretionary | 66.5K | $4.7M | 0.9% | +1430.7% |
| WMB WILLIAMS COS INC | Utilities | 62.0K | $4.5M | 0.9% | +216.5% |
| GD GENERAL DYNAMICS CORP | Industrials | 12.9K | $4.4M | 0.9% | -56.5% |
| NEM NEWMONT CORP | Materials | 40.5K | $4.4M | 0.9% | +296.4% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 9.7K | $4.3M | 0.8% | +90.6% |
| ACN ACCENTURE PLC-CL A | Services media | 21.6K | $4.3M | 0.8% | +365.3% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 23.1K | $4.2M | 0.8% | +246.6% |
| USB US BANCORP | Financials | 80.8K | $4.2M | 0.8% | +8.6% |
| LMT LOCKHEED MARTIN CORP | Industrials | 6.9K | $4.2M | 0.8% | -30.1% |
| ECL ECOLAB INC | Other | 15.7K | $4.2M | 0.8% | +168.4% |
| SRE SEMPRA | Utilities | 41.6K | $4.0M | 0.8% | New |
| DHR DANAHER CORP | Technology | 21.1K | $4.0M | 0.8% | +38.3% |
| AES AES CORP | Utilities | 283.8K | $4.0M | 0.8% | +246.3% |
| LVS LAS VEGAS SANDS CORP | Services media | 74.1K | $4.0M | 0.8% | +21.6% |
| TTWO TAKE-TWO INTERACTIVE SOFTWRE | Technology | 19.8K | $3.9M | 0.8% | +687.2% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 18.9K | $3.8M | 0.8% | New |
| LBRDK LIBERTY BROADBAND-C | Communications | 74.2K | $3.7M | 0.7% | -47.8% |
| ABT ABBOTT LABORATORIES | Healthcare | 36.2K | $3.7M | 0.7% | New |
| AME AMETEK INC | Technology | 16.9K | $3.6M | 0.7% | -36.9% |
| HO1 HOLOGIC INC | — | 47.4K | $3.6M | 0.7% | +20.3% |
| WAB WABTEC CORP | Industrials | 13.8K | $3.5M | 0.7% | +12.7% |
| FIS FIDELITY NATIONAL INFO SERV | Services media | 73.5K | $3.4M | 0.7% | +157.4% |
| AON AON PLC-CLASS A | Financials | 10.6K | $3.4M | 0.7% | +35.2% |
| GM GENERAL MOTORS CO | Industrials | 45.5K | $3.4M | 0.7% | +165.2% |
| ANET ARISTA NETWORKS INC | Technology | 27.6K | $3.4M | 0.7% | +185.8% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 11.7K | $3.4M | 0.7% | +130.6% |
| ROST ROSS STORES INC | Consumer discretionary | 15.5K | $3.4M | 0.7% | -3.9% |
| ROP ROPER TECHNOLOGIES INC | Technology | 9.4K | $3.3M | 0.7% | -7.4% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 73.7K | $3.3M | 0.6% | +113.7% |
| CI THE CIGNA GROUP | Financials | 11.9K | $3.2M | 0.6% | +81.5% |
| ITW ILLINOIS TOOL WORKS | Industrials | 12.1K | $3.2M | 0.6% | -11.4% |
| PSX PHILLIPS 66 | Energy | 17.3K | $3.1M | 0.6% | +130.0% |
| WBD WARNER BROS DISCOVERY INC | Communications | 113.4K | $3.1M | 0.6% | +137.6% |
| CNC CENTENE CORP | Financials | 95.0K | $3.1M | 0.6% | +175.1% |
| CMCSA COMCAST CORP-CLASS A | Communications | 108.0K | $3.1M | 0.6% | +11.1% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 6.9K | $3.0M | 0.6% | -46.7% |
| ABNB AIRBNB INC-CLASS A | Services media | 23.3K | $2.9M | 0.6% | -25.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 20.3K | $2.9M | 0.6% | -51.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 353 | $508.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 341 | $523.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 5, 2025 | 314 | $568.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 304 | $480.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 6, 2025 | 275 | $337.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 265 | $237.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 273 | $251.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 255 | $222.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 243 | $189.9M | canonical | SEC ↗ |
Similar funds
DIMENSIONAL FUND ADVISORS LPAQR CAPITAL MANAGEMENT LLCARROWSTREET CAPITAL, LIMITED PARTNERSHIPD. E. Shaw & Co., Inc.TWO SIGMA INVESTMENTS, LPMARSHALL WACE, LLPACADIAN ASSET MANAGEMENT LLCQube Research & Technologies LtdRENAISSANCE TECHNOLOGIES LLCMan Group plcSquarepoint Ops LLCAlyeska Investment Group, L.P.