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 | |
|---|---|---|---|---|---|---|---|
2626
Shimmick
SHIM
$104M
| $353K | ﹤0.01% |
+77,293
| New | +$341K |
2026 Q2
0 quarters
|
|
2627
Piper Sandler
PIPR
$4.51B
| $353K | ﹤0.01% |
+4,880
| New | +$396K |
2026 Q2
0 quarters
|
|
2628
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$3.69B
| $353K | ﹤0.01% |
3,300
-4,000
| -55% | -$470K |
2025 Q4
2 quarters
|
|
2629
NextNav
NN
$1.94B
| $352K | ﹤0.01% |
19,748
-14,290
| -42% | -$276K |
2025 Q2
4 quarters
|
|
2630
General Purpose Acquisition Corp
GPAC
| $350K | ﹤0.01% |
35,000
| – | – |
2026 Q1
1 quarter
|
|
2631
Monro
MNRO
$374M
| $349K | ﹤0.01% |
20,421
-162,065
| -89% | -$2.65M |
2026 Q1
1 quarter
|
|
2632
i-80 Gold Corp
IAUX
$1.2B
| $348K | ﹤0.01% |
241,781
-1,529,738
| -86% | -$2.36M |
2025 Q3
3 quarters
|
|
2633
HUHUTECH International Group
HUHU
$11.4M
| $347K | ﹤0.01% |
+38,953
| New | +$377K |
2026 Q2
0 quarters
|
|
2634
DeFi Development Corp
DFDV
$108M
| $347K | ﹤0.01% |
118,045
-38,654
| -25% | -$148K |
2026 Q1
1 quarter
|
|
2635
Gladstone Commercial Corp
GOOD
$553M
| $347K | ﹤0.01% |
+28,184
| New | +$351K |
2026 Q2
0 quarters
|
|
2636
Granite Ridge Resources
GRNT
$756M
| $346K | ﹤0.01% |
78,465
-78,637
| -50% | -$413K |
2026 Q1
1 quarter
|
|
2637
Sportradar
SRAD
$3.56B
| $346K | ﹤0.01% |
+23,114
| New | +$336K |
2026 Q2
0 quarters
|
|
2638
Invesco CurrencyShares Euro Currency Trust
FXE
$330M
| $346K | ﹤0.01% |
3,281
-619
| -16% | -$66.4K |
2025 Q2
4 quarters
|
|
2639
Brown-Forman Class A
BF.A
$13.5B
| $344K | ﹤0.01% |
+12,565
| New | +$345K |
2026 Q2
0 quarters
|
|
2640
EyePoint Inc
EYPT
$30M
| $342K | ﹤0.01% |
23,934
-137,850
| -85% | -$1.84M |
2026 Q1
1 quarter
|
|
2641
Insperity
NSP
$1.85B
| $341K | ﹤0.01% |
8,266
-9,848
| -54% | -$323K |
2025 Q3
3 quarters
|
|
2642
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $341K | ﹤0.01% |
4,100
+2,500
| +156% | +$209K |
2026 Q1
1 quarter
|
|
2643
Atlas Lithium Corp
ATLX
$51.2M
| $340K | ﹤0.01% |
92,250
-770,193
| -89% | -$3.43M |
2025 Q2
4 quarters
|
|
2644
TriCo Bancshares
TCBK
$1.68B
| $340K | ﹤0.01% |
+6,318
| New | +$320K |
2026 Q2
0 quarters
|
|
2645
Phibro Animal Health
PAHC
$1.58B
| $340K | ﹤0.01% |
10,833
+3,999
| +59% | +$169K |
2026 Q1
1 quarter
|
|
2646
New York Times
NYT
$11.3B
| $340K | ﹤0.01% |
4,858
+1,431
| +42% | +$110K |
2025 Q1
5 quarters
|
|
2647
Aaon
AAON
$5.56B
| $340K | ﹤0.01% |
2,678
-33,803
| -93% | -$3.96M |
2025 Q1
5 quarters
|
|
2648
Phillips Edison & Co
PECO
$5.01B
| $340K | ﹤0.01% |
+8,160
| New | +$326K |
2026 Q2
0 quarters
|
|
2649
QuantumScape Corp
QS
$2.51B
| $338K | ﹤0.01% |
+44,771
| New | +$336K |
2026 Q2
0 quarters
|
|
2650
Gossamer Bio
GOSS
$63.5M
| $338K | ﹤0.01% |
+26,437
| New | +$590K |
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.