Tidal Investments LLC
Reported US equity positions for Q1 2026 — $32.1B across 2,854 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| NVDA NVIDIA Corporation | $961.3M | 3.0% | 5,512,260 |
| MSFT Microsoft Corporation | $769.5M | 2.4% | 2,092,399 |
| GOOGL Alphabet Inc. | $759.4M | 2.4% | 2,671,092 |
| AAPL Apple Inc. | $692.9M | 2.2% | 2,730,222 |
| AMZN Amazon.com, Inc. | $680.0M | 2.1% | 3,311,403 |
| AG First Majestic Silver Corp. Ordinary Shares (Canada) | $452.4M | 1.4% | 21,059,804 |
| AVGO Broadcom Inc. | $439.9M | 1.4% | 1,421,652 |
| CDE Coeur Mining, Inc. | $409.2M | 1.3% | 21,804,255 |
| META Meta Platforms, Inc. | $373.7M | 1.2% | 662,335 |
| HL Hecla Mining Company | $366.2M | 1.1% | 19,660,325 |
| COP ConocoPhillips | $358.0M | 1.1% | 2,695,357 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $329.6M | 1.0% | 1,013,268 |
| SPYM State Street SPDR Portfolio S&P 500 ETF | $298.6M | 0.9% | 3,900,617 |
| CVX Chevron Corporation | $273.8M | 0.9% | 1,315,882 |
| AMD Advanced Micro Devices, Inc. | $267.7M | 0.8% | 1,315,796 |
| WPM Wheaton Precious Metals Corp Common Shares (Canada) | $245.0M | 0.8% | 1,869,799 |
| XOM ExxonMobil Holdings Corporation | $237.4M | 0.7% | 1,390,707 |
| SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF | $228.9M | 0.7% | 2,895,155 |
| NFLX Netflix, Inc. | $228.5M | 0.7% | 2,395,990 |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $227.9M | 0.7% | 864,050 |
| LLY Eli Lilly and Company | $226.9M | 0.7% | 250,310 |
| TSLA Tesla, Inc. | $222.2M | 0.7% | 597,649 |
| GEV GE Vernova Inc. | $217.1M | 0.7% | 248,853 |
| PLTR Palantir Technologies Inc. | $210.8M | 0.7% | 1,440,875 |
| IVV iShares Core S&P 500 ETF | $210.4M | 0.7% | 322,036 |
| PWR Quanta Services, Inc. | $199.7M | 0.6% | 363,842 |
| MELI MercadoLibre, Inc. | $184.6M | 0.6% | 112,216 |
| AXP American Express Company | $173.3M | 0.5% | 572,995 |
| SAP SAP SE ADS | $172.5M | 0.5% | 1,024,724 |
| MSTR Strategy Inc | $169.8M | 0.5% | 1,360,186 |
| HOOD Robinhood Markets, Inc. | $169.4M | 0.5% | 2,444,681 |
| EXK Endeavour Silver Corporation Ordinary Shares (Canada) | $167.4M | 0.5% | 17,982,202 |
| JNJ Johnson & Johnson | $166.8M | 0.5% | 685,005 |
| DHR Danaher Corporation | $163.5M | 0.5% | 884,667 |
| HYMC Hycroft Mining Holding Corporation | $162.9M | 0.5% | 4,627,270 |
| KLAC KLA Corporation | $162.5M | 0.5% | 110,394 |
| VXUS Vanguard Total International Stock ETF | $162.0M | 0.5% | 2,100,975 |
| PAAS Pan American Silver Corp. | $161.5M | 0.5% | 2,956,387 |
| JPM JP Morgan Chase & Co. | $161.3M | 0.5% | 549,403 |
| BVN Buenaventura Mining Company Inc. | $159.7M | 0.5% | 4,431,056 |
| COF Capital One Financial Corporation | $157.8M | 0.5% | 882,414 |
| G29183103 Eaton Corp PLC | $155.5M | 0.5% | 434,753 |
| AMGN Amgen Inc. | $155.2M | 0.5% | 441,940 |
| UNP Union Pacific Corporation | $154.5M | 0.5% | 636,973 |
| SPAB State Street SPDR Portfolio Aggregate Bond ETF | $152.3M | 0.5% | 5,964,025 |
| PPTA Perpetua Resources Corp. | $150.7M | 0.5% | 5,360,084 |
| ANET Arista Networks, Inc. | $150.6M | 0.5% | 1,226,618 |
| FNV Franco-Nevada Corporation | $148.9M | 0.5% | 602,858 |
| OXY Occidental Petroleum Corporation | $144.9M | 0.5% | 2,221,947 |
| MU Micron Technology, Inc. | $144.8M | 0.5% | 429,545 |
| SHEL Shell PLC American Preferred | $143.2M | 0.4% | 1,542,364 |
| SSRM SSR Mining Inc. | $141.7M | 0.4% | 4,821,333 |
| CAT Caterpillar, Inc. | $140.3M | 0.4% | 197,991 |
| LRCX Lam Research Corporation | $137.3M | 0.4% | 642,834 |
| COST Costco Wholesale Corporation | $137.1M | 0.4% | 137,545 |
| CMCSA Comcast Corporation | $136.8M | 0.4% | 4,739,358 |
| N07059210 Asml Hldg Nv | $133.3M | 0.4% | 103,777 |
| INTU Intuit Inc. | $131.3M | 0.4% | 305,616 |
| WDAY Workday, Inc. | $129.1M | 0.4% | 1,002,281 |
| TJX The TJX Companies, Inc. | $127.8M | 0.4% | 800,804 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| NVDA NVIDIA Corporation | Add | $961.3M | $897.6M | +15% |
| MSFT Microsoft Corporation | Add | $769.5M | $692.8M | +46% |
| GOOGL Alphabet Inc. | Add | $759.4M | $566.2M | +48% |
| AAPL Apple Inc. | Add | $692.9M | $646.1M | +15% |
| AMZN Amazon.com, Inc. | Add | $680.0M | $364.5M | +110% |
| AG First Majestic Silver Corp. Ordinary Shares (Canada) | Trim | $452.4M | $405.5M | -13% |
| AVGO Broadcom Inc. | Add | $439.9M | $462.2M | +6% |
| CDE Coeur Mining, Inc. | Add | $409.2M | $322.4M | +21% |
| META Meta Platforms, Inc. | Add | $373.7M | $329.1M | +33% |
| HL Hecla Mining Company | Trim | $366.2M | $465.0M | -19% |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | Add | $329.6M | $92.2M | +234% |
| CVX Chevron Corporation | Add | $273.8M | $50.1M | +300% |
| AMD Advanced Micro Devices, Inc. | Add | $267.7M | $216.9M | +30% |
| XOM ExxonMobil Holdings Corporation | Add | $237.4M | $57.3M | +192% |
| SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF | Add | $228.9M | $231.8M | +3% |
| NFLX Netflix, Inc. | Add | $228.5M | $121.4M | +85% |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | Add | $227.9M | $56.4M | +405% |
| LLY Eli Lilly and Company | Add | $226.9M | $139.1M | +93% |
| TSLA Tesla, Inc. | Add | $222.2M | $250.0M | +8% |
| GEV GE Vernova Inc. | Add | $217.1M | $157.4M | +3% |
| PLTR Palantir Technologies Inc. | Add | $210.8M | $250.9M | +2% |
| IVV iShares Core S&P 500 ETF | Trim | $210.4M | $481.8M | -54% |
| PWR Quanta Services, Inc. | Trim | $199.7M | $177.9M | -14% |
| MELI MercadoLibre, Inc. | Add | $184.6M | $47.6M | +375% |
| AXP American Express Company | Add | $173.3M | $202.0M | +5% |
| MSTR Strategy Inc | Add | $169.8M | $143.0M | +45% |
| HOOD Robinhood Markets, Inc. | Add | $169.4M | $216.6M | +28% |
| EXK Endeavour Silver Corporation Ordinary Shares (Canada) | Trim | $167.4M | $171.6M | -2% |
| JNJ Johnson & Johnson | Add | $166.8M | $59.5M | +138% |
| HYMC Hycroft Mining Holding Corporation | Add | $162.9M | $67.5M | +63% |
| KLAC KLA Corporation | Trim | $162.5M | $143.8M | -7% |
| VXUS Vanguard Total International Stock ETF | Add | $162.0M | $150.2M | +6% |
| PAAS Pan American Silver Corp. | Add | $161.5M | $133.0M | +15% |
| JPM JP Morgan Chase & Co. | Add | $161.3M | $155.1M | +14% |
| BVN Buenaventura Mining Company Inc. | Add | $159.7M | $104.2M | +18% |
| G29183103 Eaton Corp PLC | Add | $155.5M | $101.7M | +36% |
| UNP Union Pacific Corporation | Add | $154.5M | $55.3M | +166% |
| PPTA Perpetua Resources Corp. | Trim | $150.7M | $143.9M | -10% |
| ANET Arista Networks, Inc. | Add | $150.6M | $158.0M | +2% |
| FNV Franco-Nevada Corporation | Trim | $148.9M | $127.2M | -2% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.