Marshall Wace Portfolio holdings
Marshall Wace is a British firm that runs long/short hedge funds. Its strategies combine computer-driven and traditional company analysis, applied worldwide and mostly to long/short equity. Paul Marshall, formerly head of European equities at Mercury Asset Management, and Ian Wace, formerly head of equities trading at Deutsche Bank, founded it in 1997. In 2002 it launched TOPS, a system that gathers investment ideas from equity professionals and uses algorithms to turn them into stock portfolios. In 2015 Marshall Wace formed a long-term partnership with KKR, a private equity and credit investor that took an ownership interest in the firm.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$9.9B |
| 2 |
Costco
COST
|
+$907M |
| 3 |
AbbVie
ABBV
|
+$643M |
| 4 |
JPMorgan Chase
JPM
|
+$609M |
| 5 |
Bank of America
BAC
|
+$567M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.03B |
| 2 |
Mercado Libre
MELI
|
+$528M |
| 3 |
Broadcom
AVGO
|
+$514M |
| 4 |
Sandisk
SNDK
|
+$507M |
| 5 |
Marvell Technology
MRVL
|
+$499M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 34.91% |
| 2 | Technology | 20.64% |
| 3 | Consumer Discretionary | 9.07% |
| 4 | Healthcare | 8.21% |
| 5 | Financials | 7.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Core S&P 500 ETF
IVV
$870B
| $29.8B | 23.54% |
39,828,525
+13,546,592
| +52% | +$9.9B |
2023 Q2
12 quarters
|
|
2
State Street SPDR Portfolio S&P 500 ETF
SPYM
$182B
| $4.12B | 3.25% |
46,869,324
-2,780,922
| -6% | -$237M |
2026 Q1
1 quarter
|
|
3
Apple
AAPL
$5.06T
| $2.63B | 2.07% |
9,084,303
+701,204
| +8% | +$201M |
2014 Q1
49 quarters
|
|
4
Amazon
AMZN
$2.93T
| $2.27B | 1.79% |
9,514,151
+661,356
| +7% | +$166M |
2013 Q2
52 quarters
|
|
5
Advanced Micro Devices
AMD
$845B
| $2.26B | 1.79% |
3,898,210
+106,224
| +3% | +$43.6M |
2019 Q2
28 quarters
|
|
|
6
NVIDIA
NVDA
$4.08T
| $1.73B | 1.36% |
8,637,159
-5,026,180
| -37% | -$1.03B |
2019 Q3
27 quarters
|
|
7
Micron Technology
MU
$820B
| $1.56B | 1.23% |
1,348,718
+447,282
| +50% | +$335M |
2020 Q4
22 quarters
|
|
8
Microsoft
MSFT
$3.96T
| $1.25B | 0.98% |
3,340,231
-30,167
| -0.9% | -$12.2M |
2017 Q4
34 quarters
|
|
|
9
Costco
COST
$472B
| $1.1B | 0.87% |
1,174,466
+910,725
| +345% | +$907M |
2018 Q4
30 quarters
|
|
10
Morgan Stanley
MS
$293B
| $972M | 0.77% |
4,648,847
+451,578
| +11% | +$89.4M |
2023 Q4
10 quarters
|
|
11
Tesla
TSLA
$1.5T
| $920M | 0.73% |
2,188,456
+100,787
| +5% | +$40.1M |
2020 Q3
23 quarters
|
|
12
TSMC
TSM
$2.06T
| $865M | 0.68% |
1,810,476
-429,681
| -19% | -$174M |
2025 Q2
4 quarters
|
|
13
Alphabet (Google) Class A
GOOGL
$3.53T
| $790M | 0.62% |
2,210,932
-955,151
| -30% | -$344M |
2015 Q3
43 quarters
|
|
14
Hilton Worldwide Holdings Inc. Common Stock
HLT
$84.5B
| $766M | 0.6% |
2,319,322
-203,453
| -8% | -$66.9M |
2024 Q2
8 quarters
|
|
15
UnitedHealth
UNH
$363B
| $762M | 0.6% |
1,833,046
+422,712
| +30% | +$157M |
2020 Q1
25 quarters
|
|
16
Johnson & Johnson
JNJ
$676B
| $759M | 0.6% |
2,989,537
+611,715
| +26% | +$143M |
2023 Q4
10 quarters
|
|
|
17
AbbVie
ABBV
$519B
| $753M | 0.59% |
2,990,512
+2,989,451
| +281,758% | +$643M |
2018 Q4
30 quarters
|
|
|
18
Bank of America
BAC
$350B
| $711M | 0.56% |
12,483,467
+10,652,635
| +582% | +$567M |
2020 Q4
22 quarters
|
|
19
Coca-Cola
KO
$417B
| $670M | 0.53% |
8,240,650
+2,646,611
| +47% | +$209M |
2020 Q1
25 quarters
|
|
|
20
JPMorgan Chase
JPM
$908B
| $647M | 0.51% |
1,978,070
+1,960,990
| +11,481% | +$609M |
2025 Q4
2 quarters
|
|
21
PUT
VanEck Semiconductor ETF
SMH
$62.6B
| $508M | 0.4% |
773,800
+491,400
| +174% | +$268M |
2024 Q1
9 quarters
|
|
22
Abbott
ABT
$191B
| $503M | 0.4% |
5,542,438
+3,531,500
| +176% | +$322M |
2025 Q4
2 quarters
|
|
23
Meta Platforms (Facebook)
META
$1.64T
| $502M | 0.4% |
891,552
-76,516
| -8% | -$46.8M |
2018 Q4
30 quarters
|
|
24
CME Group
CME
$111B
| $495M | 0.39% |
2,241,304
+1,437,086
| +179% | +$398M |
2024 Q4
6 quarters
|
|
25
Bloom Energy
BE
$54.8B
| $490M | 0.39% |
1,618,954
+587,318
| +57% | +$150M |
2020 Q4
22 quarters
|
|
Similar funds
Marshall Wace's Q2 2026 Portfolio in Review
As of Q2 2026, Marshall Wace held 3,898 positions worth $127B, up 26% from $100B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Marshall Wace deployed $9.28B of net new capital in Q2 2026, opening 771 new positions and adding to 1,083 existing holdings. Its largest new stake was LPL Financial: 975,627 shares worth $275M.
By sector, the portfolio is most concentrated in Miscellaneous at 35% of assets, up from 30% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was NVIDIA, an estimated $1.03B trimmed.
- Marshall Wace's largest Q2 2026 buy was LPL Financial: 975,627 shares worth $275M.
- Marshall Wace added most to iShares Core S&P 500 ETF in Q2 2026, an estimated $9.9B increase.
- Marshall Wace's biggest Q2 2026 reduction was NVIDIA, cutting an estimated $1.03B.
- Marshall Wace fully exited Merck in Q2 2026, selling an estimated $325M.
- Marshall Wace's ten largest holdings make up 38% of its $127B portfolio in Q2 2026.
- Marshall Wace opened 771 new positions and closed 795 in Q2 2026.
- Marshall Wace's portfolio value rose 26% quarter-over-quarter to $127B.
Based on Marshall Wace's 13F filing for Q2 2026, filed 13 Aug 2026.