13F
中
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KORNITZER CAPITAL MANAGEMENT INC /KS

13F equity value
$4.6B
Positions
505
Top 10 concentration
24.3%
Quarters / total new picks
32 / 550
13F equity value over time
$0M$3B$7B2017201820192020202120222023202420252026

"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 +2.4% 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 = 0.08, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+0.1%
t-stat
0.08
Quarterly win rate
53%
Annualized excess
-2.6%
$1 → follow vs universe
$1.72 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 1.04120180630: follow 0.89420180930: follow 0.97720181231: follow 0.96620190331: follow 0.95320190630: follow 1.08720190930: follow 1.17920191231: follow 1.08520200331: follow 1.21420200630: follow 1.36820200930: follow 1.69820201231: follow 1.77720210331: follow 1.86920210630: follow 1.97020210930: follow 1.57720211231: follow 1.22720220331: follow 1.43820220630: follow 1.22320220930: follow 1.29820221231: follow 1.22520230331: follow 1.33720230630: follow 1.21520230930: follow 1.28820231231: follow 1.33120240331: follow 1.38720240630: follow 1.63020240930: follow 1.65720241231: follow 1.37920250331: follow 1.59120250630: follow 1.55820250930: follow 1.70320251231: follow 1.718 0.82 1.54 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 505 · 2026 Q1

Ticker Value Weight QoQ
MSFT $199M
4.3%
HOLD
CVX $188M
4.0%
TRIM
XOM $111M
2.4%
TRIM
AAPL $105M
2.3%
HOLD
LLY $100M
2.1%
TRIM
COST $96M
2.1%
HOLD
GOOGL $89M
1.9%
TRIM
KMI $86M
1.8%
HOLD
JNJ $80M
1.7%
TRIM
APA $76M
1.6%
TRIM
WM $70M
1.5%
HOLD
COP $68M
1.5%
HOLD
CSCO $68M
1.5%
HOLD
MRK $65M
1.4%
HOLD
PEP $63M
1.4%
HOLD
SLB $62M
1.3%
TRIM
WMT $62M
1.3%
TRIM
IBM $61M
1.3%
HOLD
NVDA $58M
1.3%
ADD
AMZN $53M
1.1%
HOLD

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

ABNBALNTATECBMIBSYCECOCHWYCNACWTDSGXDUKFCXFNDFTKFWONKGGGHNGEHUBSIBKRLYTSMIRMUNUVBOUSTPPWRSFMSIMOSMSMTC

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.