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 | 9.1% |
| 4 | Healthcare | 8.21% |
| 5 | Financials | 7.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
2601
Quantum Computing Inc
QUBT
$1.54B
| $378K | ﹤0.01% |
+38,943
| New | +$379K |
2026 Q2
0 quarters
|
|
2602
5E Advanced Materials
FEAM
$127M
| $378K | ﹤0.01% |
271,696
+37,970
| +16% | +$63.2K |
2025 Q4
2 quarters
|
|
2603
PUT
Freeport-McMoran
FCX
$95B
| $377K | ﹤0.01% |
6,000
-6,300
| -51% | -$405K |
2026 Q1
1 quarter
|
|
2604
electroCore
ECOR
$73.1M
| $377K | ﹤0.01% |
+43,672
| New | +$326K |
2026 Q2
0 quarters
|
|
2605
Orion
OEC
$313M
| $376K | ﹤0.01% |
56,762
-237,401
| -81% | -$1.71M |
2024 Q2
8 quarters
|
|
2606
Veracyte
VCYT
$4.19B
| $374K | ﹤0.01% |
6,367
-24,151
| -79% | -$1.01M |
2026 Q1
1 quarter
|
|
2607
Similarweb
SMWB
$792M
| $374K | ﹤0.01% |
60,981
-577,207
| -90% | -$2.1M |
2021 Q2
20 quarters
|
|
2608
CALL
Petrobras Class A
PBR.A
$125B
| $373K | ﹤0.01% |
25,500
+13,300
| +109% | +$234K |
2026 Q1
1 quarter
|
|
2609
Vroom Inc
VRM
$41.3M
| $373K | ﹤0.01% |
48,471
| – | – |
2025 Q1
5 quarters
|
|
|
ATKR
2610
DELISTED
Atkore
ATKR
| $372K | ﹤0.01% |
+4,896
| New | +$369K |
2026 Q2
0 quarters
|
|
2611
DELISTED
Northfield Bancorp
NFBK
| $371K | ﹤0.01% |
+25,220
| New | +$357K |
2026 Q2
0 quarters
|
|
2612
Melco Resorts & Entertainment
MLCO
$1.46B
| $370K | ﹤0.01% |
+70,300
| New | +$393K |
2026 Q2
0 quarters
|
|
2613
Keros Therapeutics
KROS
$225M
| $370K | ﹤0.01% |
+34,600
| New | +$385K |
2026 Q2
0 quarters
|
|
2614
Renasant Corp
RNST
$3.63B
| $370K | ﹤0.01% |
8,700
-6,300
| -42% | -$255K |
2026 Q1
1 quarter
|
|
2615
Kohl's
KSS
$2.78B
| $370K | ﹤0.01% |
+20,872
| New | +$310K |
2026 Q2
0 quarters
|
|
2616
WhiteHorse Finance
WHF
$174M
| $369K | ﹤0.01% |
55,073
-21,193
| -28% | -$151K |
2026 Q1
1 quarter
|
|
2617
Coursera
COUR
$1.23B
| $365K | ﹤0.01% |
+64,750
| New | +$368K |
2026 Q2
0 quarters
|
|
2618
FB Bancorp
FBLA
$247M
| $363K | ﹤0.01% |
+24,112
| New | +$342K |
2026 Q2
0 quarters
|
|
2619
Abacus Global Management
ABX
$842M
| $362K | ﹤0.01% |
+33,810
| New | +$309K |
2026 Q2
0 quarters
|
|
2620
Forum Energy Technologies
FET
$1.02B
| $361K | ﹤0.01% |
7,190
-17,814
| -71% | -$993K |
2026 Q1
1 quarter
|
|
2621
XPEL
XPEL
$1.26B
| $360K | ﹤0.01% |
7,265
-47,395
| -87% | -$2.16M |
2026 Q1
1 quarter
|
|
2622
NWPX Infrastructure Inc
NWPX
$944M
| $360K | ﹤0.01% |
2,400
-31,555
| -93% | -$3.45M |
2026 Q1
1 quarter
|
|
2623
Personalis
PSNL
$1.7B
| $358K | ﹤0.01% |
+26,730
| New | +$218K |
2026 Q2
0 quarters
|
|
2624
Noah Holdings
NOAH
$473M
| $356K | ﹤0.01% |
+35,617
| New | +$367K |
2026 Q2
0 quarters
|
|
2625
Capital Group International Core Equity ETF
CGIC
$2.55B
| $355K | ﹤0.01% |
+9,768
| New | +$349K |
2026 Q2
0 quarters
|
|
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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.