XPONANCE LLC
Long book
$14.07B
Q1 2026
Positions
1686
Top-10 weight
39%
concentration
Last quarter
+15.3%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsXPONANCE LLC is a mechanically diversified allocator, running a $14.07B US long book across 1686 positions.
The portfolio is moderately concentrated (top 10 ≈ 39% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 5 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
+4.9%
Q2 2024
+5.3%
Q3 2024
+3.7%
Q4 2024
-6.0%
Q1 2025
+12.7%
Q2 2025
+8.7%
Q3 2025
+2.2%
Q4 2025
-5.5%
Q1 2026
+15.3%
Sector allocation
Technology 44%
Industrials 11%
Consumer discretionary 10%
Financials 10%
Healthcare 8%
Services media 6%
Utilities 3%
Other 3%
Long book by quarter
What does XPONANCE LLC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 6.6M | $1.15B | 8.2% | +10.0% |
| AAPL APPLE INC | Technology | 4.0M | $1.03B | 7.3% | +9.2% |
| MSFT MICROSOFT CORP | Technology | 2.1M | $763.0M | 5.4% | +10.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.4M | $509.6M | 3.6% | +11.2% |
| GOOGL ALPHABET INC-CL A | Technology | 1.5M | $420.2M | 3.0% | +11.0% |
| AVGO BROADCOM INC | Technology | 1.3M | $405.4M | 2.9% | +10.6% |
| GOOG ALPHABET INC-CL C | Technology | 1.2M | $342.0M | 2.4% | +11.0% |
| META META PLATFORMS INC-CLASS A | Technology | 581.1K | $332.5M | 2.4% | +9.9% |
| TSLA TESLA INC | Industrials | 784.8K | $291.8M | 2.1% | +10.5% |
| LLY ELI LILLY & CO | Healthcare | 226.8K | $208.6M | 1.5% | +8.9% |
| V VISA INC-CLASS A SHARES | Services media | 478.9K | $144.8M | 1.0% | +8.8% |
| JPM JPMORGAN CHASE & CO | Financials | 490.5K | $144.3M | 1.0% | +17.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 286.7K | $137.4M | 1.0% | +17.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 130.9K | $130.4M | 0.9% | +6.9% |
| MA MASTERCARD INC - A | Services media | 235.0K | $117.4M | 0.8% | +8.0% |
| NFLX NETFLIX INC | Services media | 1.2M | $116.7M | 0.8% | +9.1% |
| XOM EXXON MOBIL CORP | Energy | 681.4K | $115.6M | 0.8% | +15.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 468.2K | $114.4M | 0.8% | +14.1% |
| ABBV ABBVIE INC | Healthcare | 511.9K | $111.3M | 0.8% | +6.8% |
| WMT WALMART INC | Consumer discretionary | 825.3K | $102.6M | 0.7% | +13.2% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 614.6K | $89.9M | 0.6% | +8.4% |
| HD HOME DEPOT INC | Consumer discretionary | 256.2K | $84.3M | 0.6% | +9.5% |
| GE GENERAL ELECTRIC | Industrials | 288.6K | $81.9M | 0.6% | +11.4% |
| AMD ADVANCED MICRO DEVICES | Technology | 397.1K | $80.8M | 0.6% | +10.7% |
| LRCX LAM RESEARCH CORP | Industrials | 372.4K | $79.6M | 0.6% | +2.8% |
| KO COCA-COLA CO/THE | Consumer staples | 962.5K | $73.2M | 0.5% | +10.4% |
| ORCL ORACLE CORP | Technology | 484.3K | $71.2M | 0.5% | +9.8% |
| MU MICRON TECHNOLOGY INC | Technology | 208.8K | $70.5M | 0.5% | +16.8% |
| CVX CHEVRON CORP | Energy | 321.7K | $66.6M | 0.5% | +22.6% |
| GEV GE VERNOVA INC | Industrials | 74.8K | $65.3M | 0.5% | +8.3% |
| BAC BANK OF AMERICA CORP | Financials | 1.3M | $61.2M | 0.4% | +13.4% |
| CSCO CISCO SYSTEMS INC | Technology | 784.5K | $60.9M | 0.4% | +5.5% |
| CAT CATERPILLAR INC | Industrials | 85.5K | $60.6M | 0.4% | +14.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 411.4K | $59.4M | 0.4% | +15.4% |
| AMAT APPLIED MATERIALS INC | Technology | 171.2K | $58.5M | 0.4% | +18.0% |
| MRK MERCK & CO. INC. | Healthcare | 473.1K | $56.9M | 0.4% | +14.5% |
| KLAC KLA CORP | Other | 37.8K | $55.7M | 0.4% | +8.4% |
| AMGN AMGEN INC | Healthcare | 137.6K | $48.4M | 0.3% | +9.8% |
| GS GOLDMAN SACHS GROUP INC | Financials | 54.8K | $46.4M | 0.3% | +15.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 169.9K | $46.0M | 0.3% | +14.8% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 98.9K | $45.6M | 0.3% | +7.7% |
| WFC WELLS FARGO & CO | Financials | 570.2K | $45.4M | 0.3% | +13.6% |
| LIN LINDE PLC | Materials | 90.5K | $44.9M | 0.3% | +19.9% |
| PEP PEPSICO INC | Consumer staples | 284.9K | $44.2M | 0.3% | +11.9% |
| RTX RTX CORP | Industrials | 222.7K | $43.0M | 0.3% | +17.5% |
| APH AMPHENOL CORP-CL A | Technology | 336.3K | $42.5M | 0.3% | +9.6% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 256.7K | $42.4M | 0.3% | +9.5% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 173.6K | $42.1M | 0.3% | +15.3% |
| MCD MCDONALD'S CORP | Consumer discretionary | 132.5K | $41.2M | 0.3% | +15.0% |
| TJX TJX COMPANIES INC | Consumer discretionary | 257.8K | $41.2M | 0.3% | +11.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 1686 | $14.07B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 1570 | $13.33B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 1526 | $12.63B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 1508 | $11.97B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 1445 | $10.34B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 1443 | $10.96B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 1389 | $10.36B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 1316 | $9.78B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 1310 | $9.54B | canonical | SEC ↗ |
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