13F
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MACQUARIE GROUP LTD

13F equity value
$16.8B
Positions
813
Top 10 concentration
32.9%
Quarters / total new picks
32 / 2,149
13F equity value over time
$0M$66B$131B2017201820192020202120222023202420252026

"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 +2.7% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 50.0% of quarters (excess t = 0.06, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+0.1%
t-stat
0.06
Quarterly win rate
50%
Annualized excess
-2.5%
$1 → follow vs universe
$1.73 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 1.03920180630: follow 0.92220180930: follow 0.97120181231: follow 0.96620190331: follow 0.93220190630: follow 0.98320190930: follow 1.06820191231: follow 0.85920200331: follow 1.05820200630: follow 1.17120200930: follow 1.83820201231: follow 1.69120210331: follow 1.79520210630: follow 1.99720210930: follow 1.45220211231: follow 1.24520220331: follow 1.33720220630: follow 1.21520220930: follow 1.29720221231: follow 1.10620230331: follow 1.17120230630: follow 1.16620230930: follow 1.29520231231: follow 1.42520240331: follow 1.34920240630: follow 1.56620240930: follow 1.44620241231: follow 1.29820250331: follow 1.45320250630: follow 1.56920250930: follow 1.74320251231: follow 1.730 0.79 1.52 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 813 · 2026 Q1

Ticker Value Weight QoQ
IVV $1.2B
7.1%
TRIM
SPY $871M
5.2%
ADD
NVDA $755M
4.5%
TRIM
AAPL $651M
3.9%
TRIM
MSFT $392M
2.3%
TRIM
AVGO $385M
2.3%
TRIM
GOOGL $358M
2.1%
TRIM
GOOG $321M
1.9%
TRIM
VOO $311M
1.8%
TRIM
MU $281M
1.7%
ADD
AMZN $249M
1.5%
TRIM
XOM $240M
1.4%
TRIM
CSCO $217M
1.3%
ADD
META $200M
1.2%
TRIM
PM $162M
1.0%
ADD
IBIT $159M
0.9%
TRIM
TSLA $153M
0.9%
TRIM
C $146M
0.9%
TRIM
GILD $141M
0.8%
TRIM
T $136M
0.8%
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

AMCRASTSATIAUBLSHBMNRBWACARCASYCDECHWYCMTGCRSCWDARDHCDLOEWBCEXLSFTAIFTIHIMSINMDIRENJHXLECOLYFTMANNJRNVTS

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.