Ieq Capital, LLC
Reported US equity positions for Q1 2026 — $21.5B across 2,257 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| RBLX Roblox Corporation Class A | $935.0M | 4.3% | 16,530,247 |
| NVDA NVIDIA Corporation | $857.1M | 4.0% | 4,914,315 |
| AAPL Apple Inc. | $684.2M | 3.2% | 2,695,851 |
| SPY State Street SPDR S&P 500 ETF Trust | $561.3M | 2.6% | 863,032 |
| META Meta Platforms, Inc. | $539.2M | 2.5% | 942,471 |
| MSFT Microsoft Corporation | $478.2M | 2.2% | 1,291,717 |
| BIL State Street SPDR Bloomberg 1-3 Month T-Bill ETF | $437.8M | 2.0% | 4,777,199 |
| AMZN Amazon.com, Inc. | $397.0M | 1.8% | 1,906,148 |
| VTI Vanguard Morningstar Total Stock Market ETF | $390.8M | 1.8% | 1,218,091 |
| GOOGL Alphabet Inc. | $382.7M | 1.8% | 1,330,735 |
| VOO Vanguard S&P 500 ETF | $313.2M | 1.5% | 524,192 |
| GOOG Alphabet Inc. - Class C Capital Stock | $294.5M | 1.4% | 1,026,759 |
| QQQ Invesco QQQ Trust, Series 1 | $259.3M | 1.2% | 449,174 |
| AVGO Broadcom Inc. | $257.0M | 1.2% | 830,351 |
| CRWD CrowdStrike Holdings, Inc. | $246.4M | 1.1% | 631,133 |
| OEF iShares S&P 100 Fund | $227.6M | 1.1% | 715,414 |
| GS The Goldman Sachs Group, Inc. | $223.2M | 1.0% | 263,789 |
| IWF iShares Russell 1000 Growth Fund | $219.7M | 1.0% | 515,341 |
| IWB iShares Russell 1000 ETF | $183.7M | 0.9% | 515,288 |
| SNOW Snowflake Inc. | $176.1M | 0.8% | 1,167,780 |
| TSLA Tesla, Inc. | $161.7M | 0.8% | 434,935 |
| BRK.B Berkshire Hathaway Inc. | $145.2M | 0.7% | 303,035 |
| PWR Quanta Services, Inc. | $133.0M | 0.6% | 242,282 |
| FIX Comfort Systems USA, Inc. | $123.9M | 0.6% | 89,865 |
| IVV iShares Core S&P 500 ETF | $122.8M | 0.6% | 187,959 |
| COST Costco Wholesale Corporation | $118.7M | 0.6% | 119,168 |
| JPM JP Morgan Chase & Co. | $116.2M | 0.5% | 394,889 |
| WMT Walmart Inc. | $115.4M | 0.5% | 928,637 |
| MRK Merck & Company, Inc. Common Stock (new) | $113.2M | 0.5% | 941,353 |
| CRM Salesforce, Inc. | $107.6M | 0.5% | 576,672 |
| ACWI iShares MSCI ACWI ETF | $106.6M | 0.5% | 770,683 |
| BMY Bristol-Myers Squibb Company | $104.4M | 0.5% | 1,721,625 |
| MU Micron Technology, Inc. | $103.2M | 0.5% | 305,467 |
| LLY Eli Lilly and Company | $102.1M | 0.5% | 111,049 |
| NBIX Neurocrine Biosciences, Inc. | $100.9M | 0.5% | 765,982 |
| PCG Pacific Gas & Electric Co. | $100.3M | 0.5% | 5,708,926 |
| EIX Edison International | $98.6M | 0.5% | 1,347,064 |
| ANET Arista Networks, Inc. | $92.5M | 0.4% | 753,762 |
| DKNG DraftKings Inc. | $88.9M | 0.4% | 4,110,545 |
| GEV GE Vernova Inc. | $87.6M | 0.4% | 100,302 |
| JNJ Johnson & Johnson | $85.1M | 0.4% | 347,966 |
| VIG Vanguard Div Appreciation ETF | $80.5M | 0.4% | 374,469 |
| GE GE Aerospace | $79.7M | 0.4% | 281,023 |
| ABNB Airbnb, Inc. | $79.6M | 0.4% | 630,080 |
| PLTR Palantir Technologies Inc. | $79.2M | 0.4% | 541,408 |
| IJR iShares Core S&P Small-Cap ETF | $78.0M | 0.4% | 627,789 |
| G87110105 Technipfmc PLC | $76.8M | 0.4% | 1,111,141 |
| GM General Motors Company | $76.3M | 0.4% | 1,023,571 |
| FDX FedEx Corporation | $74.7M | 0.3% | 209,793 |
| WDC Western Digital Corporation | $74.7M | 0.3% | 276,112 |
| VXUS Vanguard Total International Stock ETF | $74.5M | 0.3% | 966,621 |
| H1467J104 Chubb LTD Switz | $74.2M | 0.3% | 227,708 |
| INTC Intel Corporation | $71.9M | 0.3% | 1,629,988 |
| UPBD Upbound Group, Inc. | $70.5M | 0.3% | 3,903,686 |
| QQQM Invesco NASDAQ 100 ETF | $69.3M | 0.3% | 291,465 |
| XOM ExxonMobil Holdings Corporation | $68.3M | 0.3% | 402,668 |
| LRCX Lam Research Corporation | $68.0M | 0.3% | 318,279 |
| APP Applovin Corporation | $67.5M | 0.3% | 169,564 |
| CNC Centene Corporation | $66.4M | 0.3% | 2,028,726 |
| JBHT J.B. Hunt Transport Services, Inc. | $66.2M | 0.3% | 312,419 |
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 |
|---|---|---|---|---|
| RBLX Roblox Corporation Class A | Trim | $935.0M | $1.4B | -4% |
| NVDA NVIDIA Corporation | Add | $857.1M | $882.5M | +4% |
| AAPL Apple Inc. | Trim | $684.2M | $745.1M | -2% |
| SPY State Street SPDR S&P 500 ETF Trust | Trim | $561.3M | $781.7M | -25% |
| META Meta Platforms, Inc. | Trim | $539.2M | $778.3M | -20% |
| MSFT Microsoft Corporation | Add | $478.2M | $528.4M | +18% |
| BIL State Street SPDR Bloomberg 1-3 Month T-Bill ETF | Add | $437.8M | $366.5M | +19% |
| VTI Vanguard Morningstar Total Stock Market ETF | Add | $390.8M | $401.5M | +2% |
| GOOGL Alphabet Inc. | Add | $382.7M | $401.1M | +4% |
| VOO Vanguard S&P 500 ETF | Add | $313.2M | $306.6M | +7% |
| GOOG Alphabet Inc. - Class C Capital Stock | Add | $294.5M | $304.2M | +6% |
| QQQ Invesco QQQ Trust, Series 1 | Trim | $259.3M | $284.1M | -3% |
| AVGO Broadcom Inc. | Add | $257.0M | $224.6M | +28% |
| OEF iShares S&P 100 Fund | Add | $227.6M | $241.3M | +2% |
| GS The Goldman Sachs Group, Inc. | Trim | $223.2M | $248.3M | -7% |
| IWF iShares Russell 1000 Growth Fund | Add | $219.7M | $232.9M | +5% |
| IWB iShares Russell 1000 ETF | Add | $183.7M | $182.1M | +6% |
| SNOW Snowflake Inc. | Add | $176.1M | $253.2M | +1% |
| TSLA Tesla, Inc. | Trim | $161.7M | $215.9M | -9% |
| BRK.B Berkshire Hathaway Inc. | Add | $145.2M | $145.8M | +4% |
| FIX Comfort Systems USA, Inc. | Add | $123.9M | $77.4M | +8% |
| IVV iShares Core S&P 500 ETF | Add | $122.8M | $121.4M | +6% |
| COST Costco Wholesale Corporation | Add | $118.7M | $80.4M | +28% |
| WMT Walmart Inc. | Add | $115.4M | $102.4M | +1% |
| CRM Salesforce, Inc. | Add | $107.6M | $145.9M | +5% |
| ACWI iShares MSCI ACWI ETF | Add | $106.6M | $97.5M | +12% |
| BMY Bristol-Myers Squibb Company | Add | $104.4M | $78.4M | +18% |
| MU Micron Technology, Inc. | Add | $103.2M | $76.5M | +14% |
| LLY Eli Lilly and Company | Add | $102.1M | $107.0M | +12% |
| NBIX Neurocrine Biosciences, Inc. | Add | $100.9M | $105.7M | +3% |
| PCG Pacific Gas & Electric Co. | Add | $100.3M | $77.4M | +19% |
| EIX Edison International | Add | $98.6M | $69.5M | +16% |
| ANET Arista Networks, Inc. | Add | $92.5M | $86.6M | +14% |
| DKNG DraftKings Inc. | Add | $88.9M | $72.8M | +95% |
| GEV GE Vernova Inc. | Add | $87.6M | $59.8M | +10% |
| JNJ Johnson & Johnson | Trim | $85.1M | $78.7M | -8% |
| VIG Vanguard Div Appreciation ETF | Add | $80.5M | $80.2M | +3% |
| GE GE Aerospace | Add | $79.7M | $80.9M | +7% |
| ABNB Airbnb, Inc. | Add | $79.6M | $79.3M | +8% |
| PLTR Palantir Technologies Inc. | Trim | $79.2M | $99.1M | -3% |
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.