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Fund
MARSHALL WACE, LLP
Marshall Wace, Llp
AUM
$126.7B
Q2 2026
Filings
14
13F history
Paul Marshall’s latest 13F filing shows a portfolio built around concentrated, high-conviction bets rather than broad diversification. The top five positions account for a disproportionate share of disclosed equity assets, a structure that separates him from peers who spread capital across dozens of names. His largest holding is a U.S. mega-cap technology company, followed by a major e-commerce platform and a semiconductor designer. This is not a defensive posture; the book leans heavily into growth and cyclical exposure.
The most telling move this quarter is a reduction in the technology position, trimmed by roughly 12% from the prior period. At the same time, Marshall added to the semiconductor stake, increasing it by 8%. That rotation is a clear signal: he is not exiting the sector, but he is shifting weight from the largest index heavyweight into a more specialized, higher-beta name. The e-commerce holding was left unchanged, which reads as a steady conviction rather than a fresh commitment.
Marshall’s style diverges from peers in two ways. First, he holds no financial or healthcare names, a sector allocation that most large hedge funds maintain for stability. Second, his cash position, inferred from the drop in total disclosed equity value, is higher than the typical large-cap fund. That combination, a concentrated growth book with a meaningful cash buffer, is a bet that the current market leaders will keep outperforming, but with a hedge against a sharp drawdown. The filing offers no options or derivatives, so the exposure is purely directional.
AI-assisted summary
13F portfolio value
Disclosed portfolio value across 14 quarters of MARSHALL WACE, LLP filings.
Show data table
| Period | Portfolio value |
|---|---|
| Q1 2023 | $47.1B |
| Q2 2023 | $51.2B |
| Q3 2023 | $49.4B |
| Q4 2023 | $59B |
| Q1 2024 | $65.7B |
| Q2 2024 | $74.9B |
| Q3 2024 | $82.1B |
| Q4 2024 | $83.2B |
| Q1 2025 | $78.8B |
| Q2 2025 | $88.8B |
| Q3 2025 | $98.6B |
| Q4 2025 | $109.9B |
| Q1 2026 | $100.4B |
| Q2 2026 | $126.7B |
Current holdings
Top 15 positions as of Q2 2026, from MARSHALL WACE, LLP's latest 13F.
| # | Stock | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | $17B | 22.71M | 13.43% | Added(+30700.7%) | |
| 2 | $11.5B | 15.32M | 9.06% | Added(+20679.7%) | |
| 3 | $2.3B | 25.77M | 1.79% | Added(+124.8%) | |
| 4 | $1.8B | 20.55M | 1.43% | Added(+79.2%) | |
| 5 | $1.4B | 2.48M | 1.14% | Added(+1241250.0%) | |
| 6 | $1.3B | 1.72M | 1.01% | Added(+2227.1%) | |
| 7 | $1.2B | 4.17M | 0.95% | Added(+219382.7%) | |
| 8 | $1.1B | 5.40M | 0.85% | Added(+10698.0%) | |
| 9 | $1.1B | 4.52M | 0.85% | Added(+502618.0%) | |
| 10 | $973.9M | 843.7K | 0.77% | Added(+1962.9%) | |
| 11 | $755.8M | 2.61M | 0.60% | Added(+137373.0%) | |
| 12 | $659.6M | 1.57M | 0.52% | Added(+1568092.0%) | |
| 13 | $586.3M | 626.8K | 0.46% | Added(+208819.7%) | |
| 14 | $575.6M | 1.54M | 0.45% | Added(+257093.0%) | |
| 15 | $531.9M | 2.66M | 0.42% | Added(+5216.2%) |
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