WADDELL & ASSOCIATES, LLC
Long book
$1.77B
Q1 2026
Positions
449
Top-10 weight
69%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
31%
of book per quarter
Strategy in plain words
auto-generated from filingsWADDELL & ASSOCIATES, LLC is a wealth-management firm allocating client money, specialised in industrials (66% of the long book), running a $1.77B US long book across 449 positions.
The portfolio is concentrated: the top 10 names carry 69% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: FEDEX CORP, GLOBAL X US INFRASTRUCTURE, PACER GLOBAL CASH COWS DIVID, STATE STREET SPDR S&P MIDCAP, SCHWAB FNDMNTL US SM CO ETF.
Over the last 9 quarters its long book ran on average 0.8pp 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
+1.9%
Q2 2024
+6.1%
Q3 2024
-0.9%
Q4 2024
-10.7%
Q1 2025
+8.7%
Q2 2025
+7.3%
Q3 2025
+4.1%
Q4 2025
+5.7%
Q1 2026
+11.3%
Sector allocation
Industrials 67%
Technology 12%
Financials 6%
Consumer discretionary 4%
Healthcare 4%
Services media 2%
Energy 2%
Other 1%
Long book by quarter
What does WADDELL & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| FDX FEDEX CORP | Industrials | 1.4M | $499.4M | 28.2% | +18.0% |
| AAPL APPLE INC | Technology | 65.5K | $16.6M | 0.9% | +5.6% |
| NVDA NVIDIA CORP | Technology | 67.4K | $11.8M | 0.7% | +22.2% |
| MSFT MICROSOFT CORP | Technology | 28.0K | $10.4M | 0.6% | +45.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 14.6K | $7.0M | 0.4% | +0.1% |
| WMT WALMART INC | Consumer discretionary | 54.7K | $6.8M | 0.4% | +1.0% |
| GOOG ALPHABET INC-CL C | Technology | 23.1K | $6.6M | 0.4% | +12.5% |
| LLY ELI LILLY & CO | Healthcare | 5.5K | $5.0M | 0.3% | -3.5% |
| JPM JPMORGAN CHASE & CO | Financials | 13.9K | $4.1M | 0.2% | +8.1% |
| GOOGL ALPHABET INC-CL A | Technology | 14.0K | $4.0M | 0.2% | +21.6% |
| XOM EXXON MOBIL CORP | Energy | 22.2K | $3.8M | 0.2% | +14.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 16.3K | $3.4M | 0.2% | +15.8% |
| AVGO BROADCOM INC | Technology | 9.7K | $3.0M | 0.2% | +67.9% |
| AZO AUTOZONE INC | Consumer discretionary | 806 | $2.7M | 0.2% | +7.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 11.0K | $2.7M | 0.2% | +5.1% |
| MU MICRON TECHNOLOGY INC | Technology | 7.6K | $2.6M | 0.1% | +31.1% |
| MRK MERCK & CO. INC. | Healthcare | 20.9K | $2.5M | 0.1% | +3.6% |
| META META PLATFORMS INC-CLASS A | Technology | 4.3K | $2.5M | 0.1% | +21.6% |
| PG PROCTER & GAMBLE CO/THE | Other | 16.9K | $2.4M | 0.1% | +46.0% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 39.7K | $2.4M | 0.1% | +66.9% |
| RCAT RED CAT HOLDINGS INC | Technology | 181.6K | $2.4M | 0.1% | +3.9% |
| GE GENERAL ELECTRIC | Industrials | 8.3K | $2.3M | 0.1% | +47.0% |
| GEV GE VERNOVA INC | Industrials | 2.6K | $2.3M | 0.1% | +39.1% |
| FIX COMFORT SYSTEMS USA INC | Industrials | 1.6K | $2.3M | 0.1% | +43.1% |
| NEM NEWMONT CORP | Materials | 20.0K | $2.2M | 0.1% | +22.9% |
| HD HOME DEPOT INC | Consumer discretionary | 6.6K | $2.2M | 0.1% | +0.5% |
| PCG P G & E CORP | Utilities | 115.0K | $2.0M | 0.1% | +73.8% |
| EIX EDISON INTERNATIONAL | Utilities | 26.2K | $1.9M | 0.1% | +34.5% |
| TSLA TESLA INC | Industrials | 5.1K | $1.9M | 0.1% | +5.7% |
| VRT VERTIV HOLDINGS CO-A | Technology | 7.5K | $1.9M | 0.1% | +29.9% |
| CVX CHEVRON CORP | Energy | 8.6K | $1.8M | 0.1% | +21.1% |
| COHR COHERENT CORP | Other | 7.2K | $1.7M | 0.1% | +0.1% |
| CB CHUBB LTD | Financials | 5.1K | $1.7M | 0.1% | +2.6% |
| INTC INTEL CORP | Technology | 37.3K | $1.6M | 0.1% | -8.5% |
| NFLX NETFLIX INC | Services media | 16.4K | $1.6M | 0.1% | +10.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.6K | $1.6M | 0.1% | +512.4% |
| ORCL ORACLE CORP | Technology | 10.7K | $1.6M | 0.1% | +6.4% |
| FTI TECHNIPFMC PLC | Industrials | 22.7K | $1.6M | 0.1% | +22.6% |
| ABNB AIRBNB INC-CLASS A | Services media | 12.2K | $1.5M | 0.1% | +69.2% |
| GD GENERAL DYNAMICS CORP | Industrials | 4.4K | $1.5M | 0.1% | +10.3% |
| CMI CUMMINS INC | Industrials | 2.8K | $1.5M | 0.1% | +31.2% |
| BKNG BOOKING HOLDINGS INC | Industrials | 354 | $1.5M | 0.1% | +76.1% |
| DHR DANAHER CORP | Technology | 7.9K | $1.5M | 0.1% | +268.5% |
| AFL AFLAC INC | Financials | 13.2K | $1.5M | 0.1% | -5.1% |
| JBHT HUNT (JB) TRANSPRT SVCS INC | Industrials | 6.8K | $1.4M | 0.1% | +29.2% |
| WDC WESTERN DIGITAL CORP | Technology | 5.3K | $1.4M | 0.1% | +44.8% |
| LMT LOCKHEED MARTIN CORP | Industrials | 2.3K | $1.4M | 0.1% | +35.3% |
| PSX PHILLIPS 66 | Energy | 7.6K | $1.4M | 0.1% | +42.6% |
| PEP PEPSICO INC | Consumer staples | 8.7K | $1.4M | 0.1% | -20.4% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 1.7K | $1.3M | 0.1% | +45.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 451 | $1.77B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 379 | $1.48B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 325 | $1.18B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 243 | $936.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR/ARESTATEMENT | May 14, 2025 | 159 | $823.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 159 | $823.6M | SEC ↗ | |
| Q4 2024 | 13F-HR/ARESTATEMENT | May 14, 2025 | 154 | $981.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 154 | $981.0M | SEC ↗ | |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 150 | $822.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 138 | $760.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 140 | $739.8M | canonical | SEC ↗ |