13F
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QVT Financial LP

13F equity value
$1.3B
Positions
67
Top 10 concentration
80.2%
Quarters / total new picks
20 / 76
13F equity value over time
$0M$1B$3B2017201820192020202120222023202420252026

"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 -3.6% per quarter — versus +0.3% per quarter from simply owning every 13F stock. It beat that baseline in only 40.0% of quarters (excess t = 0.00, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-0.0%
t-stat
0.00
Quarterly win rate
40%
Annualized excess
-22.5%
$1 → follow vs universe
$0.27 vs $0.98
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920181231: universe 0.94920190331: universe 0.93220190630: universe 1.00220191231: universe 0.80820201231: universe 0.84520210331: universe 0.85320210630: universe 0.92120210930: universe 0.82720211231: universe 0.70320220331: universe 0.75520220630: universe 0.70020230331: universe 0.73720240630: universe 0.80420241231: universe 0.75120250331: universe 0.81820250630: universe 0.84420250930: universe 0.94920251231: universe 0.982 20180331: follow 0.98220180630: follow 0.87620181231: follow 0.83620190331: follow 0.96720190630: follow 0.96020191231: follow 0.60420201231: follow 0.41820210331: follow 0.34720210630: follow 0.25320210930: follow 0.23920211231: follow 0.11120220331: follow 0.13020220630: follow 0.15420230331: follow 0.17520240630: follow 0.22920241231: follow 0.21020250331: follow 0.24220250630: follow 0.24420250930: follow 0.22720251231: follow 0.273 0.10 0.61 1.12 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 67 · 2026 Q1

Ticker Value Weight QoQ
ROIV $697M
55.0%
TRIM
ECO $65M
5.1%
HOLD
GS $48M
3.8%
ADD
ALLT $37M
2.9%
ADD
QQQ $37M
2.9%
ADD
NNI $30M
2.4%
HOLD
NXST $28M
2.2%
HOLD
NYT $27M
2.1%
HOLD
NVDA $24M
1.9%
HOLD
AAPL $23M
1.8%
ADD
BRK/B $23M
1.8%
HOLD
ATEX $19M
1.5%
HOLD
MSFT $17M
1.3%
ADD
WHWK $16M
1.3%
HOLD
LILA $15M
1.2%
HOLD
INFQ $12M
1.0%
NEW
KMX $11M
0.9%
ADD
NE $10M
0.8%
HOLD
FOLD $10M
0.8%
NEW
BIRK $10M
0.8%
NEW

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

AKAMAMATAPHARESBIRKBXCDNSCRWDFOLDGLWGOOGKKRLITENETNOKPLTRRMBSSNDKSNOWSPYTSMZSZURA

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.