13F
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NFJ INVESTMENT GROUP, LLC

13F equity value
$2.6B
Positions
221
Top 10 concentration
25.2%
Quarters / total new picks
19 / 385
13F equity value over time
$0M$3B$5B202120222023202420252026

"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 19 quarters, returned +0.6% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 52.6% of quarters (excess t = 0.90, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+1.7%
t-stat
0.90
Quarterly win rate
53%
Annualized excess
-5.3%
$1 → follow vs universe
$1.04 vs $1.33
Cumulative return: $1 invested in new picks vs universe
1.00 20210630: universe 1.08020210930: universe 0.96920211231: universe 0.82520220331: universe 0.88620220630: universe 0.82120220930: universe 0.88120221231: universe 0.81920230331: universe 0.86320230630: universe 0.83220230930: universe 0.94420231231: universe 0.98620240331: universe 1.00820240630: universe 1.10020240930: universe 1.09120241231: universe 1.01820250331: universe 1.11020250630: universe 1.14420250930: universe 1.28720251231: universe 1.331 20210630: follow 1.17920210930: follow 1.13420211231: follow 0.97920220331: follow 0.89820220630: follow 0.76320220930: follow 0.85220221231: follow 0.77420230331: follow 0.82420230630: follow 0.79520230930: follow 0.83220231231: follow 0.82020240331: follow 0.85020240630: follow 0.90420240930: follow 0.90820241231: follow 0.81220250331: follow 0.86220250630: follow 0.88520250930: follow 1.00320251231: follow 1.042 0.70 1.07 1.44 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 221 · 2026 Q1

Ticker Value Weight QoQ
DINO $96M
3.6%
TRIM
MRVL $90M
3.4%
TRIM
SCHW $74M
2.8%
TRIM
PLD $70M
2.7%
TRIM
GOOGL $70M
2.7%
TRIM
GEV $62M
2.4%
ADD
CMC $54M
2.1%
ADD
GBCI $53M
2.0%
HOLD
LLY $49M
1.9%
ADD
NEE $46M
1.7%
TRIM
EQIX $45M
1.7%
TRIM
RGLD $42M
1.6%
TRIM
MPC $41M
1.6%
ADD
NTR $41M
1.5%
ADD
UHS $40M
1.5%
ADD
CBU $40M
1.5%
TRIM
PFE $39M
1.5%
TRIM
AMD $39M
1.5%
TRIM
PNFP $37M
1.4%
NEW
UMBF $37M
1.4%
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

AAPADIAERAGCOALBASTEAVAHAVGOBABIPCBPOPCIGICINFCVIDELLDGELEMBJFCXHBANHCCHPEHSYJBSKMTMCHPNVDAPBFPIIPRG

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.