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 | |
|---|---|---|---|---|---|---|---|
3451
Loews
L
$22.2B
| – | – |
-2,000
| Closed | -$213K | – |
|
3452
nLIGHT
LASR
$2.19B
| – | – |
-138,049
| Closed | -$7.87M | – |
|
3453
Lucid Motors
LCID
$1.3B
| – | – |
-923,777
| Closed | -$5.96M | – |
|
3454
Lifetime Brands
LCUT
$175M
| – | – |
-11,612
| Closed | -$66.7K | – |
|
3455
Leidos
LDOS
$16.2B
| – | – |
-17,790
| Closed | -$2.77M | – |
|
3456
Lee Enterprises
LEE
$147M
| – | – |
-23,561
| Closed | -$203K | – |
|
3457
DELISTED
Leggett & Platt
LEG
| – | – |
-1,169,326
| Closed | -$11.6M | – |
|
3458
Ligand Pharmaceuticals
LGND
$6.12B
| – | – |
-7,505
| Closed | -$1.5M | – |
|
3459
CALL
Lemonade
LMND
$3.08B
| – | – |
-800
| Closed | -$50.1K | – |
|
3460
Limoneira
LMNR
$193M
| – | – |
-12,796
| Closed | -$172K | – |
|
3461
Comstock
LODE
$148M
| – | – |
-449,906
| Closed | -$1.37M | – |
|
3462
Lightpath Technologies
LPTH
$494M
| – | – |
-82,010
| Closed | -$823K | – |
|
3463
Landstar System
LSTR
$4.83B
| – | – |
-3,222
| Closed | -$517K | – |
|
3464
Lantronix
LTRX
$242M
| – | – |
-458,745
| Closed | -$2.4M | – |
|
3465
PUT
Lumen Technologies, Inc. Common Stock
LUMN
$4.11B
| – | – |
-1,300
| Closed | -$9.04K | – |
|
3466
Luxfer Holdings
LXFR
$463M
| – | – |
-126,059
| Closed | -$1.54M | – |
|
3467
Lexicon Pharmaceuticals
LXRX
$793M
| – | – |
-2,376,304
| Closed | -$3.71M | – |
|
3468
LyondellBasell Industries
LYB
$19.6B
| – | – |
-14,885
| Closed | -$1.03M | – |
|
3469
CALL
Lyft
LYFT
$6.48B
| – | – |
-2,800
| Closed | -$37.2K | – |
|
|
3470
PUT
Lyft
LYFT
$6.48B
| – | – |
-16,600
| Closed | -$221K | – |
|
3471
LSI Industries
LYTS
$642M
| – | – |
-11,173
| Closed | -$208K | – |
|
3472
PUT
Live Nation Entertainment
LYV
$41.3B
| – | – |
-70,000
| Closed | -$10.7M | – |
|
3473
PUT
Macy's
M
$6.03B
| – | – |
-2,400
| Closed | -$43.4K | – |
|
3474
Mid-America Apartment Communities
MAA
$13.8B
| – | – |
-168,206
| Closed | -$20.5M | – |
|
3475
Listed Funds Trust Roundhill Magnificent Seven ETF
MAGS
$5.25B
| – | – |
-39,367
| Closed | -$2.28M | – |
|
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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.