PANAGORA ASSET MANAGEMENT INC
Long book
$26.70B
Q1 2026
Positions
1159
Top-10 weight
32%
concentration
Last quarter
+15.3%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsPANAGORA ASSET MANAGEMENT INC is a mechanically diversified allocator, running a $26.70B US long book across 1159 positions.
The portfolio is moderately concentrated (top 10 ≈ 32% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, ALPHABET INC-CL A, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0pp per quarter ahead of 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
+3.9%
Q2 2024
+5.6%
Q3 2024
+2.4%
Q4 2024
-5.6%
Q1 2025
+12.6%
Q2 2025
+8.6%
Q3 2025
+1.9%
Q4 2025
-4.3%
Q1 2026
+15.3%
Sector allocation
Technology 40%
Industrials 13%
Financials 12%
Healthcare 9%
Consumer discretionary 8%
Services media 5%
Energy 4%
Utilities 4%
Long book by quarter
What does PANAGORA ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 11.1M | $1.93B | 7.2% | -2.6% |
| AAPL APPLE INC | Technology | 6.3M | $1.60B | 6.0% | -0.8% |
| MSFT MICROSOFT CORP | Technology | 3.0M | $1.10B | 4.1% | +0.4% |
| GOOGL ALPHABET INC-CL A | Technology | 3.0M | $867.3M | 3.2% | +10.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 3.5M | $728.7M | 2.7% | -7.9% |
| AVGO BROADCOM INC | Technology | 2.0M | $607.1M | 2.3% | +2.3% |
| META META PLATFORMS INC-CLASS A | Technology | 1.0M | $582.8M | 2.2% | -5.7% |
| GOOG ALPHABET INC-CL C | Technology | 1.9M | $545.9M | 2.0% | +4.8% |
| TSLA TESLA INC | Industrials | 885.7K | $329.3M | 1.2% | -8.1% |
| MA MASTERCARD INC - A | Services media | 647.6K | $323.6M | 1.2% | -2.2% |
| XOM EXXON MOBIL CORP | Energy | 1.8M | $300.0M | 1.1% | +20.4% |
| LLY ELI LILLY & CO | Healthcare | 322.7K | $296.8M | 1.1% | -4.5% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 1.5M | $249.4M | 0.9% | -8.9% |
| WMT WALMART INC | Consumer discretionary | 1.9M | $232.7M | 0.9% | -3.0% |
| GE GENERAL ELECTRIC | Industrials | 815.7K | $231.5M | 0.9% | +228.4% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 3.7M | $225.4M | 0.8% | +12.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 215.0K | $214.2M | 0.8% | +25.5% |
| BAC BANK OF AMERICA CORP | Financials | 4.3M | $209.7M | 0.8% | +1.9% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 1.4M | $206.7M | 0.8% | +9.3% |
| LRCX LAM RESEARCH CORP | Industrials | 924.1K | $197.4M | 0.7% | -17.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 777.8K | $190.1M | 0.7% | +9.0% |
| JPM JPMORGAN CHASE & CO | Financials | 645.7K | $189.9M | 0.7% | -20.7% |
| ANET ARISTA NETWORKS INC | Technology | 1.4M | $174.3M | 0.7% | -3.5% |
| MU MICRON TECHNOLOGY INC | Technology | 488.6K | $165.1M | 0.6% | +25.6% |
| GILD GILEAD SCIENCES INC | Healthcare | 1.2M | $162.4M | 0.6% | -6.4% |
| EXC EXELON CORP | Utilities | 3.2M | $158.2M | 0.6% | -12.5% |
| MCK MCKESSON CORP | Consumer discretionary | 180.9K | $156.5M | 0.6% | -39.6% |
| HIG HARTFORD INSURANCE GROUP INC | Financials | 1.1M | $152.6M | 0.6% | -25.7% |
| SYF SYNCHRONY FINANCIAL | Financials | 2.2M | $152.5M | 0.6% | -25.7% |
| ALL ALLSTATE CORP | Financials | 719.8K | $149.2M | 0.6% | -15.1% |
| GM GENERAL MOTORS CO | Industrials | 1.9M | $140.7M | 0.5% | +47.1% |
| MO ALTRIA GROUP INC | Consumer staples | 2.1M | $137.4M | 0.5% | +23.8% |
| MPC MARATHON PETROLEUM CORP | Energy | 551.9K | $134.8M | 0.5% | +289.7% |
| KO COCA-COLA CO/THE | Consumer staples | 1.7M | $130.3M | 0.5% | +9.8% |
| NEM NEWMONT CORP | Materials | 1.2M | $130.1M | 0.5% | -25.1% |
| DAL DELTA AIR LINES INC | Industrials | 1.9M | $128.6M | 0.5% | +7.2% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 1.0M | $122.5M | 0.5% | -20.0% |
| DVN DEVON ENERGY CORP | Energy | 2.4M | $121.0M | 0.5% | -33.4% |
| VRT VERTIV HOLDINGS CO-A | Technology | 479.4K | $120.1M | 0.5% | -4.2% |
| INCY INCYTE CORP | Healthcare | 1.2M | $114.0M | 0.4% | +22.1% |
| NOW SERVICENOW INC | Technology | 1.1M | $113.7M | 0.4% | -21.4% |
| STT STATE STREET CORP | Financials | 886.8K | $112.2M | 0.4% | +6.4% |
| ADI ANALOG DEVICES INC | Technology | 350.8K | $111.6M | 0.4% | +151.5% |
| UBER UBER TECHNOLOGIES INC | Services media | 1.5M | $110.2M | 0.4% | -10.7% |
| NTRS NORTHERN TRUST CORP | Financials | 778.1K | $108.6M | 0.4% | -22.4% |
| ABBV ABBVIE INC | Healthcare | 491.3K | $106.9M | 0.4% | +78.4% |
| ED CONSOLIDATED EDISON INC | Utilities | 937.3K | $106.1M | 0.4% | -22.0% |
| FCX FREEPORT-MCMORAN INC | Materials | 1.8M | $105.0M | 0.4% | -37.8% |
| WFC WELLS FARGO & CO | Financials | 1.3M | $103.0M | 0.4% | -14.9% |
| MTB M & T BANK CORP | Financials | 492.1K | $101.7M | 0.4% | +334.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 1159 | $26.70B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 1176 | $28.22B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 1147 | $24.82B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 1111 | $22.19B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 1098 | $20.02B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 1130 | $21.64B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 1193 | $20.93B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 29, 2024 | 1182 | $19.89B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 1202 | $19.18B | canonical | SEC ↗ |
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