13F
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NewEdge Wealth, LLC

13F equity value
$8.4B
Positions
1,109
Top 10 concentration
26.4%
Quarters / total new picks
20 / 1,102
13F equity value over time
$0M$4B$9B2020202120222023202420252026

"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 +3.0% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 70.0% of quarters (excess t = 1.69, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+2.2%
t-stat
1.69
Quarterly win rate
70%
Annualized excess
+5.3%
$1 → follow vs universe
$1.72 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 1.06820210630: follow 1.16920210930: follow 1.13620211231: follow 0.99120220331: follow 1.07420220630: follow 0.99420220930: follow 1.03720221231: follow 0.99720230331: follow 1.06620230630: follow 1.06220230930: follow 1.18720231231: follow 1.26220240331: follow 1.33220240630: follow 1.34820240930: follow 1.34120241231: follow 1.33320250331: follow 1.40720250630: follow 1.47320250930: follow 1.71520251231: follow 1.717 0.76 1.31 1.85 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 1109 · 2026 Q1

Ticker Value Weight QoQ
USFR $384M
4.6%
TRIM
AAPL $345M
4.1%
HOLD
MSFT $285M
3.4%
TRIM
NVDA $239M
2.9%
TRIM
GOOGL $234M
2.8%
TRIM
AVGO $159M
1.9%
ADD
SPY $152M
1.8%
HOLD
JPM $145M
1.7%
ADD
AMZN $140M
1.7%
HOLD
VGSH $131M
1.6%
ADD
META $126M
1.5%
TRIM
VOO $119M
1.4%
TRIM
IWF $104M
1.2%
TRIM
GILD $98M
1.2%
ADD
ABBV $88M
1.1%
ADD
WFC $88M
1.1%
ADD
VEA $87M
1.0%
ADD
NVS $83M
1.0%
ADD
KLAC $83M
1.0%
HOLD
AZO $80M
0.9%
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

ALGNAXSMBALTBBINBFLYBKDBUFQBUFRCGDVCGICCIENCLOACNDTCPERCRWVDDSDFIVDFSIDIODDXCMDYNFEESEMGFENSEWWEWZFENIFORMGDSGENI

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.