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 | |
|---|---|---|---|---|---|---|---|
2926
So-Young International
SY
$201M
| $80K | ﹤0.01% |
+54,061
| New | +$130K |
2026 Q2
0 quarters
|
|
2927
Suzano
SUZ
$11.4B
| $78.4K | ﹤0.01% |
+10,100
| New | +$87.6K |
2026 Q2
0 quarters
|
|
2928
ATRenew
RERE
$864M
| $77.8K | ﹤0.01% |
+20,100
| New | +$89.2K |
2026 Q2
0 quarters
|
|
2929
Public Policy Holding Co
PPHC
$312M
| $77.2K | ﹤0.01% |
+10,423
| New | +$123K |
2026 Q2
0 quarters
|
|
2930
LifeVantage
LFVN
$74M
| $75.5K | ﹤0.01% |
+12,107
| New | +$73.3K |
2026 Q2
0 quarters
|
|
2931
CALL
Cloudflare
NET
$100B
| $73.6K | ﹤0.01% |
+300
| New | +$65.6K |
2026 Q2
0 quarters
|
|
2932
Gogo Inc
GOGO
$320M
| $72.7K | ﹤0.01% |
+23,440
| New | +$95.6K |
2026 Q2
0 quarters
|
|
2933
CALL
Amgen
AMGN
$252B
| $72.4K | ﹤0.01% |
200
-100
| -33% | -$34.2K |
2026 Q1
1 quarter
|
|
2934
CALL
CVS Health
CVS
$115B
| $72.4K | ﹤0.01% |
+700
| New | +$62.5K |
2026 Q2
0 quarters
|
|
2935
Dauch Corp
DCH
$1.14B
| $72.2K | ﹤0.01% |
13,328
-43,801
| -77% | -$266K |
2024 Q1
9 quarters
|
|
2936
PUT
Charter Communications
CHTR
$12.8B
| $71.1K | ﹤0.01% |
+500
| New | +$83.4K |
2026 Q2
0 quarters
|
|
2937
CALL
Zscaler
ZS
$38.8B
| $70.6K | ﹤0.01% |
500
-400
| -44% | -$55.8K |
2026 Q1
1 quarter
|
|
2938
E.W. Scripps
SSP
$243M
| $70.4K | ﹤0.01% |
+25,400
| New | +$96.1K |
2026 Q2
0 quarters
|
|
2939
NioCorp Developments
NB
$487M
| $69.9K | ﹤0.01% |
14,500
-120,500
| -89% | -$660K |
2026 Q1
1 quarter
|
|
2940
PUT
Constellation Brands
STZ
$22.9B
| $69.5K | ﹤0.01% |
+500
| New | +$74.3K |
2026 Q2
0 quarters
|
|
2941
Gaia
GAIA
$36.9M
| $69.5K | ﹤0.01% |
33,106
-4,670
| -12% | -$12.1K |
2025 Q4
2 quarters
|
|
2942
Pangaea Logistics
PANL
$521M
| $69K | ﹤0.01% |
+10,621
| New | +$80.6K |
2026 Q2
0 quarters
|
|
2943
PUT
Viavi Solutions
VIAV
$7.36B
| $66.8K | ﹤0.01% |
1,400
-6,300
| -82% | -$302K |
2026 Q1
1 quarter
|
|
2944
Gran Tierra Energy
GTE
$401M
| $66.2K | ﹤0.01% |
+10,600
| New | +$86.6K |
2026 Q2
0 quarters
|
|
2945
CALL
Barrick Mining
B
$60.9B
| $66.1K | ﹤0.01% |
1,800
+800
| +80% | +$32.8K |
2026 Q1
1 quarter
|
|
2946
CALL
iShares MSCI Japan ETF
EWJ
$23.1B
| $65.3K | ﹤0.01% |
700
-2,100
| -75% | -$191K |
2026 Q1
1 quarter
|
|
2947
CALL
Wayfair
W
$15.9B
| $64.7K | ﹤0.01% |
700
-1,500
| -68% | -$110K |
2025 Q3
3 quarters
|
|
|
2948
PUT
Wayfair
W
$15.9B
| $64.7K | ﹤0.01% |
700
+400
| +133% | +$29.5K |
2025 Q3
3 quarters
|
|
2949
CALL
JFrog
FROG
$11.6B
| $63.6K | ﹤0.01% |
700
-1,500
| -68% | -$97.4K |
2026 Q1
1 quarter
|
|
2950
Veru
VERU
$37.3M
| $63.5K | ﹤0.01% |
+20,300
| New | +$51.7K |
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.