William Blair Investment Management, LLC
Reported US equity positions for Q1 2026 — $30.3B across 413 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $1.9B | 6.2% | 5,518,260 |
| NVDA NVIDIA Corporation | $1.6B | 5.2% | 8,941,756 |
| AAPL Apple Inc. | $1.2B | 4.0% | 4,812,433 |
| MSFT Microsoft Corporation | $1.1B | 3.5% | 2,896,782 |
| GOOGL Alphabet Inc. | $720.2M | 2.4% | 2,504,605 |
| AVGO Broadcom Inc. | $681.4M | 2.3% | 2,201,558 |
| AMZN Amazon.com, Inc. | $658.9M | 2.2% | 3,163,629 |
| META Meta Platforms, Inc. | $579.6M | 1.9% | 1,013,122 |
| MA Mastercard Incorporated | $530.0M | 1.8% | 1,060,651 |
| G0593M107 Astrazeneca PLC | $377.3M | 1.2% | 1,942,155 |
| G54950103 Linde PLC | $315.5M | 1.0% | 636,338 |
| CG The Carlyle Group Inc. | $304.9M | 1.0% | 6,301,109 |
| COST Costco Wholesale Corporation | $301.4M | 1.0% | 302,468 |
| ITUB Itau Unibanco Banco Holding SA American Preferred | $265.6M | 0.9% | 31,684,708 |
| TWST Twist Bioscience Corporation | $250.4M | 0.8% | 5,269,718 |
| NOW ServiceNow, Inc. | $248.0M | 0.8% | 2,371,614 |
| PRMB Primo Brands Corporation | $245.8M | 0.8% | 13,056,192 |
| MLI Mueller Industries, Inc. | $233.8M | 0.8% | 2,109,729 |
| INTU Intuit Inc. | $230.8M | 0.8% | 533,736 |
| MNST Monster Beverage Corporation | $212.7M | 0.7% | 2,935,247 |
| AMD Advanced Micro Devices, Inc. | $212.1M | 0.7% | 1,042,594 |
| G2519Y108 Credicorp LTD | $211.2M | 0.7% | 622,690 |
| A Agilent Technologies, Inc. | $204.7M | 0.7% | 1,795,764 |
| ORLY O'Reilly Automotive, Inc. | $204.0M | 0.7% | 2,210,034 |
| BWXT BWX Technologies, Inc. | $200.8M | 0.7% | 981,782 |
| TRU TransUnion | $200.0M | 0.7% | 2,891,187 |
| ONTO Onto Innovation Inc. | $197.7M | 0.7% | 964,213 |
| IDXX IDEXX Laboratories, Inc. | $197.6M | 0.7% | 351,621 |
| NXT Nextpower Inc. | $195.6M | 0.6% | 1,622,489 |
| ARGX argenx SE | $194.4M | 0.6% | 266,067 |
| CAVA CAVA Group, Inc. | $193.7M | 0.6% | 2,393,971 |
| LSCC Lattice Semiconductor Corporation | $189.6M | 0.6% | 2,043,720 |
| FFIV F5, Inc. | $188.0M | 0.6% | 649,948 |
| AKAM Akamai Technologies, Inc. | $185.9M | 0.6% | 1,619,060 |
| CCO Clear Channel Outdoor Holdings, Inc. | $182.7M | 0.6% | 1,682,303 |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $182.2M | 0.6% | 673,263 |
| MDGL Madrigal Pharmaceuticals, Inc. | $178.3M | 0.6% | 340,519 |
| G6683N103 Nu Hldgs LTD | $176.3M | 0.6% | 12,267,600 |
| GMED Globus Medical, Inc. Class A | $173.2M | 0.6% | 2,009,763 |
| CHRW C.H. Robinson Worldwide, Inc. | $173.0M | 0.6% | 1,041,658 |
| P Everpure, Inc. Class A | $170.1M | 0.6% | 2,881,481 |
| SNOW Snowflake Inc. | $170.1M | 0.6% | 1,127,525 |
| TLN Talen Energy Corporation | $167.7M | 0.6% | 525,214 |
| LOPE Grand Canyon Education, Inc. | $166.6M | 0.6% | 979,734 |
| G3223R108 Everest Group LTD | $165.4M | 0.5% | 506,166 |
| HALO Halozyme Therapeutics, Inc. | $163.3M | 0.5% | 2,525,975 |
| MLM Martin Marietta Materials, Inc. | $160.4M | 0.5% | 272,392 |
| COHR Coherent Corp. | $159.2M | 0.5% | 668,137 |
| CW Curtiss-Wright Corporation | $158.1M | 0.5% | 232,069 |
| RRX Regal Rexnord Corporation | $156.8M | 0.5% | 837,493 |
| BWA BorgWarner Inc. | $156.5M | 0.5% | 2,884,062 |
| CIEN Ciena Corporation | $154.7M | 0.5% | 398,579 |
| BWIN The Baldwin Insurance Group, Inc. | $149.1M | 0.5% | 6,794,492 |
| INSM Insmed Incorporated | $147.6M | 0.5% | 902,666 |
| G6700G107 Nvent Elec PLC | $145.9M | 0.5% | 1,233,874 |
| CPRT Copart, Inc. | $145.9M | 0.5% | 4,394,187 |
| HQY HealthEquity, Inc. | $138.7M | 0.5% | 1,659,616 |
| CRS Carpenter Technology Corporation | $138.3M | 0.5% | 350,896 |
| DCI Donaldson Company, Inc. | $137.1M | 0.5% | 1,615,349 |
| APH Amphenol Corporation | $136.1M | 0.4% | 1,077,434 |
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 |
|---|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | Trim | $1.9B | $1.8B | -8% |
| NVDA NVIDIA Corporation | Trim | $1.6B | $2.0B | -16% |
| AAPL Apple Inc. | Trim | $1.2B | $1.5B | -12% |
| MSFT Microsoft Corporation | Trim | $1.1B | $1.7B | -17% |
| GOOGL Alphabet Inc. | Trim | $720.2M | $987.5M | -21% |
| AVGO Broadcom Inc. | Trim | $681.4M | $877.9M | -13% |
| AMZN Amazon.com, Inc. | Trim | $658.9M | $1.0B | -28% |
| META Meta Platforms, Inc. | Trim | $579.6M | $783.4M | -15% |
| MA Mastercard Incorporated | Trim | $530.0M | $619.4M | -2% |
| G54950103 Linde PLC | Trim | $315.5M | $274.4M | -1% |
| CG The Carlyle Group Inc. | Trim | $304.9M | $421.6M | -12% |
| COST Costco Wholesale Corporation | Trim | $301.4M | $283.3M | -8% |
| ITUB Itau Unibanco Banco Holding SA American Preferred | Trim | $265.6M | $261.7M | -13% |
| TWST Twist Bioscience Corporation | Trim | $250.4M | $188.9M | -12% |
| NOW ServiceNow, Inc. | Add | $248.0M | $329.2M | +10% |
| PRMB Primo Brands Corporation | Add | $245.8M | $206.5M | +3% |
| MLI Mueller Industries, Inc. | Add | $233.8M | $204.3M | +19% |
| INTU Intuit Inc. | Add | $230.8M | $293.0M | +21% |
| MNST Monster Beverage Corporation | Trim | $212.7M | $288.4M | -22% |
| AMD Advanced Micro Devices, Inc. | Trim | $212.1M | $286.9M | -22% |
| G2519Y108 Credicorp LTD | Trim | $211.2M | $220.2M | -19% |
| A Agilent Technologies, Inc. | Trim | $204.7M | $280.7M | -13% |
| ORLY O'Reilly Automotive, Inc. | Trim | $204.0M | $271.9M | -26% |
| BWXT BWX Technologies, Inc. | Trim | $200.8M | $191.4M | -11% |
| TRU TransUnion | Trim | $200.0M | $340.0M | -27% |
| ONTO Onto Innovation Inc. | Trim | $197.7M | $272.6M | -44% |
| IDXX IDEXX Laboratories, Inc. | Trim | $197.6M | $298.6M | -20% |
| NXT Nextpower Inc. | Add | $195.6M | $118.7M | +19% |
| ARGX argenx SE | Add | $194.4M | $188.1M | +19% |
| CAVA CAVA Group, Inc. | Trim | $193.7M | $142.0M | -1% |
| LSCC Lattice Semiconductor Corporation | Trim | $189.6M | $156.4M | -4% |
| FFIV F5, Inc. | Add | $188.0M | $140.5M | +18% |
| CCO Clear Channel Outdoor Holdings, Inc. | Trim | $182.7M | $181.2M | -15% |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | Trim | $182.2M | $251.6M | -12% |
| MDGL Madrigal Pharmaceuticals, Inc. | Trim | $178.3M | $206.3M | -4% |
| G6683N103 Nu Hldgs LTD | Trim | $176.3M | $313.0M | -34% |
| GMED Globus Medical, Inc. Class A | Trim | $173.2M | $220.0M | -20% |
| CHRW C.H. Robinson Worldwide, Inc. | Add | $173.0M | $70.3M | +138% |
| P Everpure, Inc. Class A | Trim | $170.1M | $250.8M | -23% |
| SNOW Snowflake Inc. | Trim | $170.1M | $295.5M | -16% |
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.