MARSHALL WACE, LLP

CIK 0001318757 · Q1 2026

13F Equity AUM

$100.4B

-8.6% QoQ

Positions

2,685

+164 QoQ

AUM Rank

#142

Top 1%

Skill Alpha (FF)

+0.3%/yr^ns

No Clear Edge

Rank #2,103 · Top 26%

vs S&P -1.8%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 27.3%Top 10: 32.4%Top 20: 38.9%

IVV17.1%

SPYM3.8%

NVDA2.4%

AAPL2.2%

AMZN1.9%

MSFT1.5%

AMD0.9%

GOOGL0.9%

CHV0.9%

TSM0.9%

Others (2675)67.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services32.9%

Technology21.4%

Consumer Cyclical11.6%

Healthcare9.9%

Industrials5.3%

Communication Services4.9%

Energy4.1%

Consumer Defensive3.5%

Other6.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 2685Median: 0.00%Avg: 0.04%

0–0.5%

2661(59.0%)

0.5–1%

18(12.1%)

1–3%

4(7.9%)

3–5%

1(3.8%)

5%+

1(17.1%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 2,574Unique: 111vs 20 funds

34.7%Moderate

2,685

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

41.2%

BlackRock, Inc.

52%

GEODE CAPITAL MANAGEMENT, LLC

56.9%

VANGUARD CAPITAL MANAGEMENT LLC

56.6%

BANK OF AMERICA CORP /DE/

40.1%

STATE STREET CORP

53%

JPMORGAN CHASE & CO

35.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

52.6%

FMR LLC

42.8%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New749Increased1061Decreased873Exited577

New Positions

SPYM3.8%

+49.7M

VLO0.2%

+682K

COP0.2%

+1.2M

GPC0.1%

+1.5M

APP0.1%

+355K

WELL0.1%

+676K

KEYS0.1%

+413K

APD0.1%

+364K

MUSA0.1%

+205K

AZN0.1%

+492K

Increased

MSTR 0 12/01/290.1%

+17.0M(+24%)

RIG0.1%

+16.0M(+42120%)

URE0.0%

+10.5M(+384%)

VTRS0.1%

+9.0M(+2222%)

KVUE0.2%

+8.3M(+143%)

SMCI0.2%

+7.1M(+15612%)

HBAN0.2%

+6.8M(+150%)

NWL0.0%

+6.5M(+782%)

EOSE0.0%

+6.4M(+3529%)

WULF0.1%

+6.2M(+194%)

Decreased

GRABW0.1%

-45,819,470(-63%)

NU0.1%

-21,318,293(-68%)

AAL0.1%

-18,912,041(-73%)

BBD0.1%

-17,484,724(-57%)

AMC0.0%

-15,546,124(-97%)

F0.1%

-15,115,769(-73%)

WEC 4.375 06/01/290.0%

-15,000,000(-60%)

STLA0.0%

-13,257,386(-88%)

KHC0.1%

-11,875,559(-85%)

BTO0.0%

-8,468,858(-99%)

Exited

VOO

-4,580,704

-2,076,649

-5,518,473

-8,640,896

-479,500

-1,318,254

-2,805,821

-4,466,789

-1,128,252

-775,177

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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