13FPulse
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Capital Research Global Investors

13F equity value
$716.9B
Positions
426
Top 10 concentration
37.0%
Quarters / total new picks
51 / 831
13F equity value over time
$0M$358B$717B20132014201520162017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 51 quarters, returned +2.4% per quarter — versus +2.0% per quarter from simply owning every 13F stock. It beat that baseline in only 56.9% of quarters (excess t = 0.29, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+0.3%
t-stat
0.29
Quarterly win rate
57%
Annualized excess
+0.7%
$1 → follow vs universe
$2.61 vs $2.39
Cumulative return: $1 invested in new picks vs universe
1.00 0.92 1.92 2.92 20132014201520162017201820192020202120222023202420252026 Follow Universe

Quarterly compounding, invested quarters only · entry after the actual SEC deadline plus a 2-day buffer

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 426 · 2026 Q2

Ticker Value Weight QoQ
AVGO $42.7B
6.0%
TRIM −3%
NVDA $40.6B
5.7%
ADD +5%
MSFT $35.3B
4.9%
HOLD
AMZN $28.7B
4.0%
HOLD
LLY $25.0B
3.5%
TRIM −15%
GOOGL $22.3B
3.1%
ADD +9%
META $22.3B
3.1%
ADD +28%
AAPL $17.2B
2.4%
TRIM −7%
AMAT $16.0B
2.2%
TRIM −25%
PM $15.2B
2.1%
ADD +6%
GOOG $15.2B
2.1%
ADD +6%
GE $11.6B
1.6%
TRIM −11%
SBUX $11.2B
1.6%
ADD +7%
RCL $10.9B
1.5%
ADD +21%
INTC $10.3B
1.4%
TRIM −5%
RTX $9.9B
1.4%
HOLD
VRTX $9.7B
1.4%
TRIM −8%
UBER $9.4B
1.3%
ADD +12%
JPM $9.1B
1.3%
HOLD
LIN $9.0B
1.3%
ADD +9%

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q2

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry is the first trading session after the actual SEC filing deadline plus a 2-day buffer. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.