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 | |
|---|---|---|---|---|---|---|---|
501
dLocal
DLO
$4.02B
| $34.3M | 0.03% |
2,644,137
-2,324,127
| -47% | -$29.5M |
2023 Q2
12 quarters
|
|
502
iShares MSCI USA Momentum Factor ETF
MTUM
$18.7B
| $34.2M | 0.03% |
+99,639
| New | +$29.7M |
2026 Q2
0 quarters
|
|
503
iShares TIPS Bond ETF
TIP
$14.6B
| $34M | 0.03% |
310,445
-12,900
| -4% | -$1.43M |
2023 Q4
10 quarters
|
|
504
Synchrony
SYF
$25B
| $34M | 0.03% |
+446,566
| New | +$32.8M |
2026 Q2
0 quarters
|
|
505
PUT
Shopify
SHOP
$215B
| $33.9M | 0.03% |
+297,000
| New | +$33.9M |
2026 Q2
0 quarters
|
|
506
State Street Financial Select Sector SPDR ETF
XLF
$52.9B
| $33.9M | 0.03% |
631,621
+299,121
| +90% | +$15.5M |
2025 Q3
3 quarters
|
|
507
CVS Health
CVS
$116B
| $33.6M | 0.03% |
325,000
-482,534
| -60% | -$43.1M |
2019 Q2
28 quarters
|
|
508
IMAX
IMAX
$2.82B
| $33.5M | 0.03% |
841,035
+312,653
| +59% | +$12M |
2023 Q1
13 quarters
|
|
509
Baidu
BIDU
$26.8B
| $33.5M | 0.03% |
293,006
+43,599
| +17% | +$5.4M |
2025 Q1
5 quarters
|
|
510
Frontier Group Holdings
ULCC
$1.49B
| $33.3M | 0.03% |
4,204,881
+173,362
| +4% | +$894K |
2025 Q2
4 quarters
|
|
511
Knight Transportation
KNX
$10B
| $33.2M | 0.03% |
+426,724
| New | +$29.6M |
2026 Q2
0 quarters
|
|
512
Alliant Energy
LNT
$18B
| $33.2M | 0.03% |
435,503
-410,322
| -49% | -$29.9M |
2025 Q1
5 quarters
|
|
513
McDonald's
MCD
$182B
| $33.2M | 0.03% |
122,723
-427,277
| -78% | -$123M |
2025 Q3
3 quarters
|
|
514
Mattel
MAT
$4.42B
| $33.1M | 0.03% |
2,384,941
-1,341,638
| -36% | -$19.6M |
2025 Q2
4 quarters
|
|
515
SharkNinja
SN
$29.5B
| $33.1M | 0.03% |
217,329
+34,138
| +19% | +$4.09M |
2025 Q1
5 quarters
|
|
516
Dyne Therapeutics
DYN
$3.18B
| $33.1M | 0.03% |
1,488,917
+1,405,770
| +1,691% | +$26.1M |
2025 Q2
4 quarters
|
|
517
Innoviva
INVA
$1.54B
| $33M | 0.03% |
1,454,319
-50,092
| -3% | -$1.15M |
2024 Q1
9 quarters
|
|
518
Silicon Laboratories
SLAB
$7.42B
| $32.9M | 0.03% |
150,725
+121,733
| +420% | +$26.3M |
2024 Q2
8 quarters
|
|
519
Valero Energy
VLO
$107B
| $32.9M | 0.03% |
126,348
-555,988
| -81% | -$137M |
2026 Q1
1 quarter
|
|
520
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.7B
| $32.9M | 0.03% |
301,296
+27,896
| +10% | +$3.04M |
2023 Q1
13 quarters
|
|
521
iShares 20+ Year Treasury Bond ETF
TLT
$48B
| $32.8M | 0.03% |
+378,973
| New | +$32.5M |
2026 Q2
0 quarters
|
|
522
PUT
iShares MSCI Brazil ETF
EWZ
$10.9B
| $32.7M | 0.03% |
+947,900
| New | +$35.4M |
2026 Q2
0 quarters
|
|
523
CALL
Netflix
NFLX
$258B
| $32.5M | 0.03% |
455,000
-35,600
| -7% | -$3.14M |
2026 Q1
1 quarter
|
|
|
524
PUT
NVIDIA
NVDA
$5.16T
| $32.3M | 0.03% |
161,600
-35,700
| -18% | -$7.34M |
2021 Q2
20 quarters
|
|
525
Lamar Advertising Co
LAMR
$16.1B
| $32.3M | 0.03% |
+206,916
| New | +$29.9M |
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.