NATIXIS ADVISORS, LLC
"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.
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 51 quarters, returned +1.2% per quarter versus +2.0% from simply owning every 13F stock — it beat that baseline in only 37.3% of quarters (excess t = -2.44). Copying it would have systematically underperformed the simplest possible strategy.
Quarterly compounding, invested quarters only · entry after the actual SEC deadline plus a 2-day buffer
Top 20 holdings of 1819 · 2026 Q2
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| NVDA | $4.3B | | ADD +13% |
| AAPL | $3.4B | | ADD +9% |
| AMZN | $2.3B | | ADD +9% |
| MSFT | $2.3B | | ADD +9% |
| GOOGL | $2.3B | | ADD +9% |
| VOO | $1.6B | | ADD +25% |
| GOOG | $1.6B | | ADD +12% |
| AVGO | $1.5B | | ADD +4% |
| VO | $1.4B | | ADD +11% |
| TSM | $1.2B | | ADD +7% |
| SCZ | $1.2B | | ADD +11% |
| META | $1.1B | | HOLD |
| MU | $1.1B | | ADD +7% |
| LLY | $1.1B | | ADD +12% |
| V | $954M | | ADD +12% |
| AMD | $903M | | ADD +21% |
| KLAC | $874M | | ADD +54% |
| TSLA | $820M | | ADD +10% |
| JPM | $747M | | ADD +7% |
| AMAT | $716M | | ADD +18% |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q2
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 is the first trading session after the actual SEC filing deadline plus a 2-day buffer. 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.