EDGEWOOD MANAGEMENT LLC
"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.
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. Buying this fund's new positions the day each filing went public, over 29 quarters, returned +1.9% per quarter versus +2.9% from owning every 13F stock, beating that baseline in 51.7% of quarters (excess t = 2.28, statistically significant). Caveat: across all 5,072 funds we tested, past performance shows near-zero persistence (rank correlation −0.018) — with thousands of funds, some will look significant by chance alone.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 87 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| NFLX | $1.3B | | ADD |
| ASML | $1.2B | | TRIM |
| NVDA | $1.2B | | TRIM |
| AVGO | $1.1B | | TRIM |
| V | $886M | | TRIM |
| SNPS | $876M | | TRIM |
| AXON | $861M | | ADD |
| MSCI | $756M | | HOLD |
| SHOP | $720M | | TRIM |
| ISRG | $717M | | TRIM |
| TDG | $716M | | ADD |
| LLY | $638M | | TRIM |
| SPOT | $621M | | ADD |
| APH | $582M | | ADD |
| FICO | $574M | | HOLD |
| INTU | $499M | | TRIM |
| BSX | $479M | | TRIM |
| NOW | $441M | | ADD |
| VRTX | $404M | | TRIM |
| BX | $289M | | TRIM |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
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.