MARSHALL WACE, LLP

Quant stat arb Low signal CIK 1318757
League rank
#44
in Quant stat arb · #1114 overall
Long book
$92.71B
Q1 2026
Positions
2656
Top-10 weight
34%
concentration
Last quarter
+16.6%
SPY +14.8%
Turnover
41%
of book per quarter

Strategy in plain words

auto-generated from filings

MARSHALL WACE, LLP is a quantitative fund whose holdings reflect models, not opinions, running a $92.71B US long book across 2656 positions.

The portfolio is moderately concentrated (top 10 ≈ 34% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES CORE S&P 500 ETF, STE STR SPDR PT S&P 500 ETF, NVIDIA CORP, APPLE INC, AMAZON.COM INC.

Over the last 9 quarters its long book ran on average 0.2pp per quarter behind 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
+2.0%
Q2 2024
+6.0%
Q3 2024
+2.7%
Q4 2024
-4.8%
Q1 2025
+12.4%
Q2 2025
+7.2%
Q3 2025
+0.9%
Q4 2025
-4.1%
Q1 2026
+16.6%

Sector allocation

Technology
30%
Healthcare
13%
Consumer discretionary
11%
Industrials
10%
Financials
10%
Services media
8%
Other
5%
Energy
4%

Long book by quarter

$59.82B
Q1 2024
$70.04B
Q2 2024
$76.31B
Q3 2024
$78.86B
Q4 2024
$74.20B
Q1 2025
$83.44B
Q2 2025
$90.33B
Q3 2025
$103.03B
Q4 2025
$92.71B
Q1 2026

What does MARSHALL WACE, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology13.7M$2.38B2.6%-5.5%
AAPL APPLE INCTechnology8.4M$2.13B2.3%+25.9%
AMZN AMAZON.COM INCConsumer discretionary8.9M$1.84B2.0%-26.2%
MSFT MICROSOFT CORPTechnology3.4M$1.25B1.3%-10.1%
GOOGL ALPHABET INC-CL ATechnology3.2M$910.4M1.0%-7.9%
CVX CHEVRON CORPEnergy4.2M$863.7M0.9%+224.5%
TSLA TESLA INCIndustrials2.1M$776.1M0.8%+9.5%
AMD ADVANCED MICRO DEVICESTechnology3.8M$771.4M0.8%-20.0%
HLT HILTON WORLDWIDE HOLDINGS INServices media2.5M$767.1M0.8%+29.7%
AVGO BROADCOM INCTechnology2.5M$762.4M0.8%-26.4%
MS MORGAN STANLEYFinancials4.2M$690.7M0.7%+142.1%
JNJ JOHNSON & JOHNSONHealthcare2.4M$581.2M0.6%-35.2%
GOOG ALPHABET INC-CL CTechnology2.0M$564.0M0.6%-27.6%
META META PLATFORMS INC-CLASS ATechnology968.1K$553.8M0.6%-37.1%
CRCL CIRCLE INTERNET GROUP INCFinancials5.8M$553.4M0.6%-41.9%
MELI MERCADOLIBRE INCServices media314.6K$543.9M0.6%+0.9%
LLY ELI LILLY & COHealthcare576.2K$529.9M0.6%-52.3%
TMUS T-MOBILE US INCCommunications2.4M$497.7M0.5%+226.6%
PFE PFIZER INCHealthcare16.1M$451.6M0.5%+27.0%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology3.0M$432.6M0.5%+31.5%
KO COCA-COLA CO/THEConsumer staples5.6M$425.4M0.5%-47.4%
ABNB AIRBNB INC-CLASS AServices media3.0M$383.1M0.4%+1310.1%
AMAT APPLIED MATERIALS INCTechnology1.1M$382.2M0.4%+3.9%
UNH UNITEDHEALTH GROUP INCFinancials1.4M$381.6M0.4%-17.2%
ROST ROSS STORES INCConsumer discretionary1.7M$366.7M0.4%+36.0%
ALNY ALNYLAM PHARMACEUTICALS INCHealthcare1.1M$363.7M0.4%+99.9%
SNDK SANDISK CORPTechnology564.6K$358.7M0.4%-43.7%
MAR MARRIOTT INTERNATIONAL -CL AServices media1.0M$338.3M0.4%+2183.5%
RDDT REDDIT INC-CL ATechnology2.5M$335.9M0.4%+109.5%
MRK MERCK & CO. INC.Healthcare2.8M$334.2M0.4%-30.0%
NFLX NETFLIX INCServices media3.4M$322.2M0.3%+197.2%
GILD GILEAD SCIENCES INCHealthcare2.3M$322.0M0.3%+191.2%
INTC INTEL CORPTechnology7.3M$320.2M0.3%-40.4%
CASY CASEY'S GENERAL STORES INCConsumer discretionary430.4K$313.2M0.3%+354.5%
MRVL MARVELL TECHNOLOGY INCTechnology3.1M$306.6M0.3%+116.5%
FIVE FIVE BELOWConsumer discretionary1.3M$304.8M0.3%-25.3%
SLB SLB LTDEnergy5.9M$304.6M0.3%+423.4%
MU MICRON TECHNOLOGY INCTechnology901.4K$304.5M0.3%+24.8%
SHOP SHOPIFY INC - CLASS ATechnology2.5M$301.5M0.3%+33.8%
ACN ACCENTURE PLC-CL AServices media1.5M$299.6M0.3%+6346.5%
ADI ANALOG DEVICES INCTechnology938.8K$298.7M0.3%+40383.6%
APH AMPHENOL CORP-CL ATechnology2.3M$295.3M0.3%+375.5%
ASML ASML HOLDING NV-NY REG SHSIndustrials220.6K$291.3M0.3%+296.5%
COF CAPITAL ONE FINANCIAL CORPFinancials1.6M$283.2M0.3%+23.9%
DG DOLLAR GENERAL CORPConsumer discretionary2.2M$264.6M0.3%+32.2%
WMT WALMART INCConsumer discretionary2.1M$263.2M0.3%-76.2%
COST COSTCO WHOLESALE CORPConsumer discretionary263.7K$262.8M0.3%-48.5%
WDC WESTERN DIGITAL CORPTechnology931.3K$251.9M0.3%+475.4%
BDX BECTON DICKINSON AND COHealthcare1.6M$249.6M0.3%+9.0%
GLW CORNING INCIndustrials1.8M$249.5M0.3%+25.3%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20266623$100.41B canonicalSEC ↗
Q4 202513F-HRFeb 13, 20266074$109.85B canonicalSEC ↗
Q3 202513F-HRNov 13, 20255977$98.60B canonicalSEC ↗
Q2 202513F-HRAug 13, 20255574$88.78B canonicalSEC ↗
Q1 202513F-HRMay 15, 20255394$78.77B canonicalSEC ↗
Q4 202413F-HRFeb 13, 20255477$83.18B canonicalSEC ↗
Q3 202413F-HRNov 14, 20243720$82.10B canonicalSEC ↗
Q2 202413F-HRAug 14, 20243628$74.89B canonicalSEC ↗
Q1 202413F-HRMay 15, 20243335$65.67B canonicalSEC ↗