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 | |
|---|---|---|---|---|---|---|---|
2976
CALL
Emerson Electric
EMR
$90.9B
| $42.9K | ﹤0.01% |
300
-7,100
| -96% | -$999K |
2025 Q3
3 quarters
|
|
2977
Compugen
CGEN
$187M
| $42K | ﹤0.01% |
19,617
-224,863
| -92% | -$564K |
2025 Q3
3 quarters
|
|
2978
CALL
SLB Ltd
SLB
$74.4B
| $41.8K | ﹤0.01% |
+900
| New | +$48.2K |
2026 Q2
0 quarters
|
|
2979
Ballard Power Systems
BLDP
$534M
| $40.8K | ﹤0.01% |
10,500
-250,070
| -96% | -$1.02M |
2026 Q1
1 quarter
|
|
2980
TechTarget
TTGT
$193M
| $40.5K | ﹤0.01% |
+11,237
| New | +$51.5K |
2026 Q2
0 quarters
|
|
2981
PUT
Lemonade
LMND
$3.11B
| $39K | ﹤0.01% |
600
-500
| -45% | -$29.2K |
2025 Q4
2 quarters
|
|
2982
CALL
Wynn Resorts
WYNN
$8.68B
| $38.8K | ﹤0.01% |
400
| – | – |
2025 Q4
2 quarters
|
|
2983
American Resources Corp
AREC
$113M
| $38.7K | ﹤0.01% |
18,010
-2,130,217
| -99% | -$4.76M |
2026 Q1
1 quarter
|
|
2984
PUT
Boston Scientific
BSX
$62.8B
| $38.4K | ﹤0.01% |
900
+700
| +350% | +$38K |
2025 Q4
2 quarters
|
|
2985
PUT
Virgin Galactic
SPCE
$417M
| $38.1K | ﹤0.01% |
+13,200
| New | +$43.1K |
2026 Q2
0 quarters
|
|
2986
Yatsen Holding
YSG
$184M
| $38K | ﹤0.01% |
11,988
-12,528
| -51% | -$37.9K |
2026 Q1
1 quarter
|
|
2987
PUT
Futu Holdings
FUTU
$13.7B
| $37.5K | ﹤0.01% |
400
+100
| +33% | +$12.8K |
2025 Q3
3 quarters
|
|
|
IMMP
2988
Immutep
IMMP
$23M
| $36.9K | ﹤0.01% |
+4,389
| New | +$38.2K |
2026 Q2
0 quarters
|
|
2989
CALL
Dollar Tree
DLTR
$25.1B
| $36.3K | ﹤0.01% |
300
-3,200
| -91% | -$333K |
2025 Q3
3 quarters
|
|
2990
CALL
Alphabet (Google) Class A
GOOGL
$3.52T
| $35.7K | ﹤0.01% |
100
-13,700
| -99% | -$4.93M |
2025 Q4
2 quarters
|
|
|
2991
PUT
Alphabet (Google) Class A
GOOGL
$3.52T
| $35.7K | ﹤0.01% |
+100
| New | +$36K |
2026 Q2
0 quarters
|
|
2992
PUT
Akamai
AKAM
$12B
| $35.5K | ﹤0.01% |
+300
| New | +$37.4K |
2026 Q2
0 quarters
|
|
2993
PUT
General Dynamics
GD
$96.1B
| $35.4K | ﹤0.01% |
100
| – | – |
2025 Q3
3 quarters
|
|
2994
CALL
Viatris
VTRS
$22.6B
| $34.9K | ﹤0.01% |
2,200
-800
| -27% | -$12.4K |
2026 Q1
1 quarter
|
|
2995
PUT
iShares US Transportation ETF
IYT
$1.98B
| $34.7K | ﹤0.01% |
+400
| New | +$32.7K |
2026 Q2
0 quarters
|
|
2996
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.11B
| $34.3K | ﹤0.01% |
+500
| New | +$33.4K |
2026 Q2
0 quarters
|
|
2997
CALL
Fiserv Inc
FISV
$33.8B
| $34.3K | ﹤0.01% |
+700
| New | +$39.1K |
2026 Q2
0 quarters
|
|
2998
PUT
lululemon athletica
LULU
$12.9B
| $34.3K | ﹤0.01% |
300
+100
| +50% | +$13.4K |
2025 Q2
4 quarters
|
|
2999
PUT
eBay
EBAY
$53.4B
| $33.5K | ﹤0.01% |
300
-400
| -57% | -$42.7K |
2026 Q1
1 quarter
|
|
3000
Ready Capital
RC
$152M
| $32.7K | ﹤0.01% |
18,664
-1,780,887
| -99% | -$3.13M |
2025 Q2
4 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.