13F
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Chevy Chase Trust Holdings, LLC

13F equity value
$34.7B
Positions
642
Top 10 concentration
35.6%
Quarters / total new picks
32 / 634
13F equity value over time
$0M$19B$37B2017201820192020202120222023202420252026

"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 32 quarters, returned +1.7% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 53.1% of quarters (excess t = -0.26, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-0.7%
t-stat
-0.26
Quarterly win rate
53%
Annualized excess
-6.0%
$1 → follow vs universe
$1.33 vs $2.09
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820190930: universe 1.12720191231: universe 0.90920200331: universe 1.09620200630: universe 1.21120200930: universe 1.48520201231: universe 1.55320210331: universe 1.56620210630: universe 1.69220210930: universe 1.51920211231: universe 1.29220220331: universe 1.38720220630: universe 1.28520220930: universe 1.38120221231: universe 1.28220230331: universe 1.35120230630: universe 1.30320230930: universe 1.47920231231: universe 1.54520240331: universe 1.58020240630: universe 1.72320240930: universe 1.70820241231: universe 1.59420250331: universe 1.73820250630: universe 1.79320250930: universe 2.01620251231: universe 2.085 20180331: follow 0.97920180630: follow 0.86620180930: follow 0.97620181231: follow 0.95720190331: follow 0.95320190630: follow 0.78520190930: follow 0.93920191231: follow 0.75720200331: follow 0.70720200630: follow 0.77820200930: follow 1.01920201231: follow 1.11520210331: follow 1.21220210630: follow 1.28920210930: follow 1.17520211231: follow 1.01720220331: follow 1.06320220630: follow 0.99120220930: follow 0.93720221231: follow 0.88820230331: follow 0.79520230630: follow 0.75820230930: follow 0.88820231231: follow 0.85620240331: follow 1.01420240630: follow 1.31420240930: follow 1.44820241231: follow 1.37120250331: follow 1.55820250630: follow 1.43420250930: follow 1.18120251231: follow 1.332 0.65 1.45 2.25 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

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

Top 20 holdings of 642 · 2026 Q1

Ticker Value Weight QoQ
NVDA $2.6B
7.5%
TRIM
AAPL $2.3B
6.6%
TRIM
MSFT $1.6B
4.7%
TRIM
AMZN $1.2B
3.6%
TRIM
GOOGL $1.0B
3.0%
TRIM
GOOG $919M
2.6%
TRIM
AVGO $837M
2.4%
HOLD
BRK/B $641M
1.8%
TRIM
META $620M
1.8%
TRIM
JPM $570M
1.6%
TRIM
TSLA $516M
1.5%
TRIM
V $417M
1.2%
TRIM
COST $393M
1.1%
HOLD
XOM $368M
1.1%
TRIM
LLY $366M
1.1%
TRIM
GS $353M
1.0%
TRIM
JNJ $319M
0.9%
TRIM
WMT $272M
0.8%
TRIM
TJX $253M
0.7%
HOLD
MA $212M
0.6%
TRIM

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 Q1

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 47 days after quarter-end — the first day the public could act on the filing. 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.