13F
中
← All fund report cards

Voleon Capital Management LP

13F equity value
$4.6B
Positions
780
Top 10 concentration
29.3%
Quarters / total new picks
17 / 1,140
13F equity value over time
$0M$2B$5B20182019202020212022202420252026

"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 17 quarters, returned +5.7% per quarter — versus +2.6% per quarter from simply owning every 13F stock. It beat that baseline in only 58.8% of quarters (excess t = 1.16, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+3.2%
t-stat
1.16
Quarterly win rate
59%
Annualized excess
+10.2%
$1 → follow vs universe
$2.06 vs $1.41
Cumulative return: $1 invested in new picks vs universe
1.00 20190331: universe 0.98320190630: universe 1.05620190930: universe 1.13620191231: universe 0.91620200630: universe 1.01220200930: universe 1.24220201231: universe 1.29820210331: universe 1.31020210630: universe 1.41520210930: universe 1.27020211231: universe 1.08120220331: universe 1.16020220630: universe 1.07520250331: universe 1.17220250630: universe 1.20920250930: universe 1.35920251231: universe 1.406 20190331: follow 0.98820190630: follow 1.06720190930: follow 1.15220191231: follow 0.90020200630: follow 1.01520200930: follow 1.44820201231: follow 1.41520210331: follow 1.49520210630: follow 2.18520210930: follow 1.87220211231: follow 1.46920220331: follow 1.49520220630: follow 1.47720250331: follow 1.69220250630: follow 1.70520250930: follow 1.91220251231: follow 2.058 0.83 1.59 2.36 20192020202120222025 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 780 · 2026 Q1

Ticker Value Weight QoQ
NVDA $276M
6.0%
HOLD
AAPL $262M
5.7%
ADD
GOOGL $185M
4.0%
TRIM
MSFT $174M
3.8%
HOLD
AMZN $131M
2.8%
ADD
META $71M
1.5%
ADD
TSLA $70M
1.5%
TRIM
LLY $68M
1.5%
ADD
AVGO $65M
1.4%
ADD
MA $58M
1.2%
ADD
JPM $48M
1.0%
ADD
V $39M
0.8%
ADD
T $38M
0.8%
ADD
ORLY $38M
0.8%
ADD
BRK/B $38M
0.8%
TRIM
WMT $38M
0.8%
TRIM
CMG $38M
0.8%
ADD
ABBV $36M
0.8%
ADD
GEV $36M
0.8%
TRIM
PG $35M
0.8%
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

ACDCACLSACLXADMAAEEAEPAFLAGIOAJGALLOAMKRAPDAVBCAXIAAXSBBCCBDCBF/BBHPBLTEBLZEBNSBNYBORRBRBUDCALMCAPRCC

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.