13F
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MIZUHO MARKETS AMERICAS LLC

13F equity value
$3.6B
Positions
157
Top 10 concentration
39.7%
Quarters / total new picks
20 / 523
13F equity value over time
$0M$3B$5B2020202120222023202420252026

"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 20 quarters, returned +1.9% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 50.0% of quarters (excess t = 0.16, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+0.6%
t-stat
0.16
Quarterly win rate
50%
Annualized excess
-1.9%
$1 → follow vs universe
$1.23 vs $1.34
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210630: universe 1.09020210930: universe 0.97820211231: universe 0.83220220331: universe 0.89420220630: universe 0.82820220930: universe 0.88920221231: universe 0.82620230331: universe 0.87020230630: universe 0.83920230930: universe 0.95220231231: universe 0.99520240331: universe 1.01720240630: universe 1.11020240930: universe 1.10020241231: universe 1.02720250331: universe 1.11920250630: universe 1.15520250930: universe 1.29820251231: universe 1.343 20210331: follow 1.11120210630: follow 1.18120210930: follow 0.76420211231: follow 0.71420220331: follow 0.74620220630: follow 0.63420220930: follow 0.59120221231: follow 0.54020230331: follow 0.55320230630: follow 0.54620230930: follow 0.59520231231: follow 0.64020240331: follow 0.66920240630: follow 0.70020240930: follow 0.72820241231: follow 0.70620250331: follow 0.77420250630: follow 0.96220250930: follow 1.05520251231: follow 1.229 0.50 0.97 1.45 20212022202320242025 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 157 · 2026 Q1

Ticker Value Weight QoQ
SPY $293M
8.1%
ADD
IVV $163M
4.5%
TRIM
FDX $159M
4.4%
HOLD
HON $158M
4.4%
TRIM
ETR $157M
4.3%
NEW
FIS $112M
3.1%
TRIM
VICI $108M
3.0%
NEW
MSFT $104M
2.9%
ADD
COR $90M
2.5%
ADD
HALO $86M
2.4%
ADD
EXC $81M
2.3%
NEW
NI $77M
2.1%
NEW
RKLB $76M
2.1%
HOLD
ADI $70M
1.9%
TRIM
TSLA $69M
1.9%
HOLD
XEL $64M
1.8%
NEW
RIOT $63M
1.7%
ADD
ET $62M
1.7%
NEW
ZTS $62M
1.7%
ADD
CAR $58M
1.6%
ADD

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

ABNBADBEADSKARLPARMASMLBECDNSCMCLCNPCRGYCRWDCSCODASHDLTRDXCMEPRTESSETETREXCFTNTGMGOOGLIDAINTUJBLLBRTLYVMPWR

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.