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MAM
Martingale Asset Management Portfolio holdings
AUM
$3.99B
1-Year Est. Return
22.65%
This Fund
S&P 500
This Quarter
Est. Return
+6.57%
1 Year Est. Return
+22.65%
3 Year Est. Return
+77.2%
5 Year Est. Return
+114.11%
10 Year Est. Return
+351.19%
AUM
$3.98B
AUM Growth
-$101M
(-2.5%)
Cap. Flow
-$272M
Cap. Flow
% of AUM
-6.84%
Top 10 Holdings %
Top 10 Hldgs %
12.05%
Holding
857
New
78
Increased
243
Reduced
396
Closed
101
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McDonald's
MCD
|
+$21.2M |
| 2 |
AngloGold Ashanti
AU
|
+$19.2M |
| 3 |
Capital One
COF
|
+$17.4M |
| 4 |
Broadcom
AVGO
|
+$14.9M |
| 5 |
Marathon Petroleum
MPC
|
+$14.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Reinsurance Group of America
RGA
|
+$21.9M |
| 2 |
Oracle
ORCL
|
+$17.8M |
| 3 |
Elevance Health
ELV
|
+$17.3M |
| 4 |
Chemed
CHE
|
+$12.8M |
| 5 |
Becton Dickinson
BDX
|
+$11.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.52% |
| 2 | Technology | 17.3% |
| 3 | Industrials | 11.9% |
| 4 | Healthcare | 11.22% |
| 5 | Consumer Staples | 10.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
Regency Centers
REG
$14.1B
| – | – |
-10,526
| Closed | -$750K |
|
827
Regeneron Pharmaceuticals
REGN
$79.5B
| – | – |
-2,598
| Closed | -$1.36M |
|
828
RLI Corp
RLI
$5.91B
| – | – |
-5,840
| Closed | -$422K |
|
|
SAGE
829
DELISTED
Sage Therapeutics
SAGE
| – | – |
-62,343
| Closed | -$569K |
|
830
Saic
SAIC
$5.25B
| – | – |
-3,511
| Closed | -$395K |
|
|
SCS
831
DELISTED
Steelcase
SCS
| – | – |
-105,569
| Closed | -$1.1M |
|
832
Sylvamo
SLVM
$1.5B
| – | – |
-24,654
| Closed | -$1.24M |
|
833
Snap-on
SNA
$21.5B
| – | – |
-2,967
| Closed | -$923K |
|
|
SPNS
834
DELISTED
Sapiens International
SPNS
| – | – |
-46,164
| Closed | -$1.35M |
|
835
Spotify
SPOT
$97.7B
| – | – |
-430
| Closed | -$330K |
|
836
SPS Commerce
SPSC
$2.59B
| – | – |
-10,526
| Closed | -$1.43M |
|
|
SPTN
837
DELISTED
SpartanNash
SPTN
| – | – |
-54,386
| Closed | -$1.44M |
|
838
Teradata
TDC
$2.54B
| – | – |
-18,066
| Closed | -$403K |
|
839
Atlassian
TEAM
$28B
| – | – |
-2,410
| Closed | -$489K |
|
|
THRD
840
DELISTED
Third Harmonic Bio
THRD
| – | – |
-51,113
| Closed | -$278K |
|
841
Tetra Tech
TTEK
$8.89B
| – | – |
-28,320
| Closed | -$1.02M |
|
842
TTM Technologies
TTMI
$14.2B
| – | – |
-18,495
| Closed | -$755K |
|
843
Twilio
TWLO
$29.3B
| – | – |
-12,365
| Closed | -$1.54M |
|
844
Tyler Technologies
TYL
$12.5B
| – | – |
-825
| Closed | -$489K |
|
845
Unity Bancorp
UNTY
$603M
| – | – |
-6,103
| Closed | -$287K |
|
846
Upbound Group
UPBD
$1.14B
| – | – |
-28,570
| Closed | -$717K |
|
847
United Therapeutics
UTHR
$22.6B
| – | – |
-15,843
| Closed | -$4.55M |
|
848
Veracyte
VCYT
$3.71B
| – | – |
-10,853
| Closed | -$293K |
|
|
VERV
849
DELISTED
Verve Therapeutics
VERV
| – | – |
-50,350
| Closed | -$565K |
|
850
VICI Properties
VICI
$29.2B
| – | – |
-7,629
| Closed | -$249K |
|
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Martingale Asset Management's Q3 2025 Portfolio in Review
As of Q3 2025, Martingale Asset Management held 857 positions worth $3.98B, down 2.5% from $4.08B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Martingale Asset Management withdrew a net $272M in Q3 2025, closing 101 positions and reducing 396 holdings. Its most notable exit was Elevance Health, an estimated $17.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 20% a quarter earlier, followed by Technology and Industrials.
Against the trend, Martingale Asset Management opened a new position in AngloGold Ashanti worth $24.1M.
- Martingale Asset Management's largest Q3 2025 buy was AngloGold Ashanti: 342,935 shares worth $24.1M.
- Martingale Asset Management added most to McDonald's in Q3 2025, an estimated $21.2M increase.
- Martingale Asset Management's biggest Q3 2025 reduction was Reinsurance Group of America, cutting an estimated $21.9M.
- Martingale Asset Management fully exited Elevance Health in Q3 2025, selling an estimated $17.3M.
- Martingale Asset Management's ten largest holdings make up 12% of its $3.98B portfolio in Q3 2025.
- Martingale Asset Management opened 78 new positions and closed 101 in Q3 2025.
- Martingale Asset Management's portfolio value fell 2.5% quarter-over-quarter to $3.98B.
Based on Martingale Asset Management's 13F filing for Q3 2025, filed 13 Nov 2025.