13F
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Howard Capital Management Inc.

13F equity value
$6.1B
Positions
332
Top 10 concentration
67.6%
Quarters / total new picks
27 / 512
13F equity value over time
$0M$4B$8B2017201820192020202120222023202420252026

"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 27 quarters, returned +5.0% per quarter — versus +3.5% per quarter from simply owning every 13F stock. It beat that baseline in only 59.3% of quarters (excess t = -0.62, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-1.9%
t-stat
-0.62
Quarterly win rate
59%
Annualized excess
+2.3%
$1 → follow vs universe
$2.64 vs $2.30
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920190331: universe 0.94220190630: universe 1.01320200331: universe 1.22120200630: universe 1.34920200930: universe 1.65420201231: universe 1.72920210630: universe 1.86820210930: universe 1.67720211231: universe 1.42720220331: universe 1.53220220630: universe 1.41920220930: universe 1.52420221231: universe 1.41620230331: universe 1.49220230630: universe 1.43820230930: universe 1.63320231231: universe 1.70620240331: universe 1.74420240630: universe 1.90220240930: universe 1.88620241231: universe 1.76020250331: universe 1.91920250630: universe 1.97920250930: universe 2.22620251231: universe 2.303 20180331: follow 1.06620180630: follow 1.01120190331: follow 1.04620190630: follow 1.08220200331: follow 1.19320200630: follow 1.23020200930: follow 2.37320201231: follow 2.59420210630: follow 3.41920210930: follow 3.07320211231: follow 2.81220220331: follow 2.93520220630: follow 2.99320220930: follow 2.79420221231: follow 2.73120230331: follow 2.89120230630: follow 2.95020230930: follow 2.38220231231: follow 2.51820240331: follow 2.57920240630: follow 2.72820240930: follow 2.72420241231: follow 2.65220250331: follow 2.59620250630: follow 2.57020250930: follow 2.84520251231: follow 2.639 0.87 2.28 3.69 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 332 · 2026 Q1

Ticker Value Weight QoQ
BIL $1.2B
19.1%
ADD
SGOV $940M
15.4%
NEW
QQQ $456M
7.4%
TRIM
QQH $306M
5.0%
ADD
HCMT $260M
4.3%
HOLD
VIG $258M
4.2%
TRIM
LGH $231M
3.8%
HOLD
SPY $175M
2.9%
HOLD
AGG $172M
2.8%
HOLD
VYM $168M
2.7%
HOLD
MGK $167M
2.7%
TRIM
GRNY $163M
2.7%
NEW
DVY $153M
2.5%
HOLD
AAPL $80M
1.3%
TRIM
NVDA $79M
1.3%
TRIM
BUFR $79M
1.3%
ADD
MSFT $77M
1.3%
TRIM
SOXX $76M
1.3%
ADD
SMH $76M
1.2%
NEW
VUG $75M
1.2%
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

GRNYSCHDSGOVSMHSNASNDKVBKVDE

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.