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 | |
|---|---|---|---|---|---|---|---|
3051
PUT
United Parcel Service
UPS
$92.1B
| $10.8K | ﹤0.01% |
100
-100
| -50% | -$10.4K |
2026 Q1
1 quarter
|
|
3052
CALL
Carnival Corporation Ltd
CCL
$38.8B
| $8.57K | ﹤0.01% |
300
-600
| -67% | -$16.4K |
2026 Q1
1 quarter
|
|
3053
PUT
Norwegian Cruise Line
NCLH
$8.07B
| $8.44K | ﹤0.01% |
400
-100
| -20% | -$1.87K |
2025 Q4
2 quarters
|
|
3054
PLAYSTUDIOS Inc
MYPS
$54.3M
| $8.03K | ﹤0.01% |
+1,605
| New | +$7.72K |
2026 Q2
0 quarters
|
|
3055
PUT
Knight Transportation
KNX
$9.9B
| $7.79K | ﹤0.01% |
+100
| New | +$6.93K |
2026 Q2
0 quarters
|
|
3056
CALL
Direxion Daily Energy Bull 2X ETF
ERX
$304M
| $7.62K | ﹤0.01% |
100
| – | – |
2026 Q1
1 quarter
|
|
3057
PUT
Block Inc
XYZ
$45.8B
| $7.6K | ﹤0.01% |
100
-731,900
| -100% | -$51.5M |
2025 Q3
3 quarters
|
|
3058
PUT
Comcast
CMCSA
$82.5B
| $7.36K | ﹤0.01% |
300
-827,600
| -100% | -$21.4M |
2025 Q3
3 quarters
|
|
3059
PUT
Li Auto
LI
$10.8B
| $7.04K | ﹤0.01% |
+600
| New | +$9.8K |
2026 Q2
0 quarters
|
|
|
3060
CALL
Norwegian Cruise Line
NCLH
$8.07B
| $6.33K | ﹤0.01% |
300
-200
| -40% | -$3.73K |
2025 Q4
2 quarters
|
|
3061
PUT
Kroger
KR
$39.4B
| $5.55K | ﹤0.01% |
+100
| New | +$6.52K |
2026 Q2
0 quarters
|
|
3062
PUT
Nutanix
NTNX
$18.2B
| $5.1K | ﹤0.01% |
100
| – | – |
2026 Q1
1 quarter
|
|
3063
PUT
Fiserv Inc
FISV
$26.6B
| $4.9K | ﹤0.01% |
100
-800
| -89% | -$44.7K |
2025 Q3
3 quarters
|
|
3064
CALL
Groupon
GRPN
$640M
| $4.81K | ﹤0.01% |
+200
| New | +$3.3K |
2026 Q2
0 quarters
|
|
3065
PUT
MGM Resorts International
MGM
$7.58B
| $4.78K | ﹤0.01% |
+100
| New | +$4.16K |
2026 Q2
0 quarters
|
|
3066
PUT
The Kraft Heinz Company
KHC
$28.9B
| $4.72K | ﹤0.01% |
200
-2,300
| -92% | -$53.1K |
2025 Q3
3 quarters
|
|
3067
CALL
Cleveland-Cliffs
CLF
$8.13B
| $4.7K | ﹤0.01% |
500
-4,600
| -90% | -$50.6K |
2025 Q4
2 quarters
|
|
3068
CALL
PBF Energy
PBF
$9.25B
| $4.55K | ﹤0.01% |
100
-300
| -75% | -$12.5K |
2026 Q1
1 quarter
|
|
3069
CALL
PayPal
PYPL
$47.4B
| $4.32K | ﹤0.01% |
+100
| New | +$4.55K |
2026 Q2
0 quarters
|
|
3070
CALL
Carlyle Group
CG
$14.3B
| $4.21K | ﹤0.01% |
+100
| New | +$4.7K |
2026 Q2
0 quarters
|
|
3071
PUT
Match Group
MTCH
$9.5B
| $3.8K | ﹤0.01% |
+100
| New | +$3.54K |
2026 Q2
0 quarters
|
|
3072
CALL
PG&E
PCG
$39.6B
| $3.36K | ﹤0.01% |
200
-300
| -60% | -$5.05K |
2026 Q1
1 quarter
|
|
3073
CALL
XP
XP
$7.25B
| $3.25K | ﹤0.01% |
+200
| New | +$3.57K |
2026 Q2
0 quarters
|
|
3074
CALL
Pinterest
PINS
$11.1B
| $2.1K | ﹤0.01% |
100
| – | – |
2026 Q1
1 quarter
|
|
3075
PUT
American Airlines Group
AAL
$8.35B
| $1.81K | ﹤0.01% |
100
-902,900
| -100% | -$12.1M |
2025 Q3
3 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.