13F
中
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MML INVESTORS SERVICES, LLC

13F equity value
$36.1B
Positions
2,995
Top 10 concentration
15.7%
Quarters / total new picks
32 / 2,100
13F equity value over time
$0M$21B$41B2017201820192020202120222023202420252026

"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.

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. Buying this fund's new positions the day each filing went public, over 32 quarters, returned +3.3% per quarter versus +2.7% from owning every 13F stock, beating that baseline in 56.2% of quarters (excess t = 2.27, 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.

Avg 2Q excess
+2.6%
t-stat
2.27
Quarterly win rate
56%
Annualized excess
+2.4%
$1 → follow vs universe
$2.49 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 1.00420180630: follow 0.92520180930: follow 0.97720181231: follow 0.97320190331: follow 0.97120190630: follow 1.04220190930: follow 1.16620191231: follow 0.99720200331: follow 1.23020200630: follow 1.36820200930: follow 1.67720201231: follow 1.68620210331: follow 1.69520210630: follow 1.86120210930: follow 1.67020211231: follow 1.51420220331: follow 1.56020220630: follow 1.46720220930: follow 1.52320221231: follow 1.39720230331: follow 1.49720230630: follow 1.43920230930: follow 1.59820231231: follow 1.65720240331: follow 1.65220240630: follow 1.90220240930: follow 1.94120241231: follow 1.83620250331: follow 2.06320250630: follow 2.06020250930: follow 2.33120251231: follow 2.486 0.84 1.76 2.69 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 2995 · 2026 Q1

Ticker Value Weight QoQ
IVV $1.2B
3.3%
HOLD
NVDA $677M
1.9%
HOLD
AAPL $652M
1.8%
TRIM
MSFT $499M
1.4%
TRIM
VEA $487M
1.4%
TRIM
AMZN $443M
1.2%
TRIM
QQQ $437M
1.2%
TRIM
IEMG $434M
1.2%
TRIM
DYNF $421M
1.2%
TRIM
VOO $406M
1.1%
TRIM
SPY $399M
1.1%
TRIM
IVW $377M
1.1%
TRIM
GOOGL $368M
1.0%
TRIM
IEFA $364M
1.0%
TRIM
IVE $363M
1.0%
TRIM
IUSB $336M
0.9%
TRIM
EFV $293M
0.8%
TRIM
VUG $290M
0.8%
TRIM
QUAL $272M
0.8%
TRIM
SCHG $264M
0.7%
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

AAOIACPADNTAIOTAIRALGNALHCALLWALMUAMCRAMRZAPLSAREARKXARRARWRATECAXTIBELFBBHEBKGIBKSYBPRECADLCARYCBTCNHCNSCOTYCSGS

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.