Acadian Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Acadian Asset Management LLC reported 1,659 stock positions worth $48.4 billion. Its top holding was Nvidia (NVDA) at 4.4% of the portfolio, followed by Microsoft (MSFT, 3.1%) and Apple (AAPL, 2.9%). Compared with Q1 2025, it opened 278 new positions, sold out of 220, added to 654 and reduced 558. The biggest buy was Nvidia (NVDA, shares +44%) and the biggest sale Spotify Technology (SPOT, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0000916542
- Portfolio Value
- $48.4B (Q2 2025)
- SEC Filing
- 0001140361-25-029365 ↗ filed Aug 7, 2025
Holdings Value
Holdings 1,659 stocks · $48.4B
| NVDA Nvidia Corp. | 4.39% | 13,471,111 | $2.1B | Add +44.1% |
| MSFT Microsoft Corp. | 3.07% | 2,989,189 | $1.5B | Add +60.0% |
| AAPL Apple Inc. | 2.85% | 6,740,997 | $1.4B | Add +41.4% |
| AMZN Amazon.com Inc. | 2.45% | 5,409,759 | $1.2B | Add +19.1% |
| GOOGL Alphabet Inc. Class A | 2.27% | 6,227,020 | $1.1B | Add +13.8% |
| META Meta Platforms Inc. Class A | 2.15% | 1,414,068 | $1.0B | Add +3.9% |
| MA Mastercard Inc. Class A | 1.50% | 1,293,103 | $726.6M | Add +72.1% |
| NFLX Netflix Inc. | 1.47% | 531,842 | $712.2M | Add +4.9% |
| ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS | 1.42% | 81,043,144 | $687.2M | Reduce -7.2% |
| SPOT Spotify Technology SA | 1.36% | 859,118 | $659.2M | Reduce -39.8% |
| SE Sea Ltd.-ADR | 1.35% | 4,080,726 | $652.6M | Reduce -14.6% |
| BKNG Booking Holdings Inc. | 1.32% | 110,862 | $641.8M | Reduce -2.3% |
| CHKP Check Point Software Tech | 1.19% | 2,611,247 | $577.7M | Reduce -6.0% |
| CL Colgate-Palmolive Co. | 1.15% | 6,124,347 | $556.7M | Add +42.9% |
| CRM Salesforce Inc. | 1.11% | 1,973,141 | $538.0M | Add +1729.6% |
| INFY Infosys Ltd.-SP ADR | 1.11% | 28,969,861 | $536.8M | Add +9.6% |
| LOGI Logitech International-Reg | 1.06% | 5,722,485 | $513.5M | Reduce -10.4% |
| V Visa Inc. Class A | 1.03% | 1,404,307 | $498.6M | Add +51.0% |
| CSCO Cisco Systems Inc. | 0.96% | 6,725,659 | $466.6M | Reduce -14.0% |
| MCK McKesson Corp. | 0.96% | 636,596 | $466.4M | Add +68.0% |
| BCS Barclays PLC-Spons ADR | 0.87% | 22,725,110 | $422.4M | Reduce -32.4% |
| T AT&T Inc. | 0.87% | 14,493,357 | $419.4M | Add +59.6% |
| ADBE Adobe Inc. | 0.86% | 1,073,899 | $415.4M | Add +218.5% |
| SU Suncor Energy Inc. | 0.86% | 11,082,344 | $414.3M | Reduce -10.8% |
| TMUS T-Mobile US Inc. | 0.83% | 1,694,184 | $403.6M | Add +33.8% |
| ABT Abbott Laboratories | 0.81% | 2,896,714 | $393.9M | Add +82.5% |
| PEP Pepsico Inc. | 0.81% | 2,969,635 | $392.1M | Add +175.7% |
| AVGO Broadcom Inc. | 0.78% | 1,362,125 | $375.4M | Add +112.3% |
| C Citigroup Inc. | 0.74% | 4,231,596 | $360.2M | Reduce -26.9% |
| COST Costco Wholesale Corp. | 0.73% | 357,672 | $354.0M | Add +108.5% |
| ABNB Airbnb Inc. Class A | 0.72% | 2,639,299 | $349.3M | Add +7.4% |
| CTAS Cintas Corp. | 0.71% | 1,540,424 | $343.3M | Add +7.7% |
| WIX Wix.com Ltd. | 0.69% | 2,119,805 | $335.9M | Add +0.4% |
| MRK Merck & Co. Inc. | 0.68% | 4,178,385 | $330.7M | Add +61.0% |
| MCO Moody's Corp. | 0.68% | 654,879 | $328.4M | Add +3.2% |
| VZ Verizon Communications Inc. | 0.67% | 7,524,376 | $325.5M | Reduce -11.5% |
| AMAT Applied Materials Inc. | 0.65% | 1,732,015 | $317.1M | Add +417.3% |
| EA Electronic Arts Inc. | 0.61% | 1,862,898 | $297.5M | Add +176.6% |
| ZM Zoom Communications Inc. | 0.61% | 3,769,480 | $293.9M | Add +41.1% |
| EQH Equitable Holdings Inc. | 0.60% | 5,203,375 | $291.9M | Reduce -10.1% |
| DB Deutsche Bank AG-Registered | 0.60% | 9,837,047 | $290.6M | Add +90.6% |
| FTNT Fortinet Inc. | 0.60% | 2,728,580 | $288.4M | Reduce -2.5% |
| CMCSA Comcast Corp. Class A | 0.59% | 7,948,050 | $283.6M | Add +4.6% |
| CAH Cardinal Health Inc. | 0.58% | 1,679,176 | $282.1M | Add +92.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.58% | 574,851 | $279.2M | Reduce -28.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.55% | 329,878 | $264.3M | Add +114.3% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.52% | 241,997 | $251.7M | Add +17.1% |
| CVLT Commvault Systems Inc. | 0.52% | 1,438,743 | $250.8M | Reduce -4.4% |
| JNJ Johnson & Johnson | 0.51% | 1,617,173 | $247.0M | Add +34.7% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.51% | 16,381,603 | $246.5M | Reduce -2.3% |
| INTU Intuit Inc. | 0.51% | 312,866 | $246.4M | Add +34.9% |
| VEEV Veeva Systems Inc. Class A | 0.51% | 850,020 | $244.7M | Add +36.8% |
| REGN Regeneron Pharmaceuticals | 0.50% | 465,740 | $244.5M | Add +234.7% |
| PG The Procter & Gamble Co. | 0.50% | 1,533,213 | $244.2M | Add +27.6% |
| GOOG Alphabet Inc. Class C | 0.50% | 1,374,672 | $243.8M | Add +138.8% |
| FFIV F5 Inc. | 0.50% | 820,092 | $241.3M | Reduce -1.1% |
| TSLA Tesla Inc. | 0.49% | 744,871 | $236.6M | Add +100.1% |
| ROKU Roku Inc. | 0.49% | 2,691,643 | $236.5M | Add +41.2% |
| DBX Dropbox Inc. Class A | 0.46% | 7,834,263 | $224.0M | Reduce -8.3% |
| QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC | 0.46% | 5,100,491 | $221.1M | Reduce -8.6% |
| NOW ServiceNow Inc. | 0.45% | 213,132 | $219.1M | Add +5.6% |
| MDB Mongodb Inc. | 0.45% | 1,033,531 | $217.0M | Add +83.8% |
| JPM JPMorgan Chase & Co. | 0.41% | 681,512 | $197.6M | Add +65.2% |
| TEAM Atlassian Corp. Class A | 0.39% | 925,771 | $188.0M | Reduce -2.7% |
| DASH DoorDash Inc. Class A | 0.38% | 747,253 | $184.2M | Reduce -26.0% |
| TRV The Travelers Cos Inc. | 0.38% | 683,347 | $182.8M | Reduce -24.0% |
| ANET Arista Networks Inc. | 0.35% | 1,676,022 | $171.5M | Reduce -24.6% |
| ICE Intercontinental Exchange Inc. | 0.35% | 920,303 | $168.8M | Add +80.5% |
| INCY Incyte Corp. | 0.35% | 2,478,870 | $168.8M | Reduce -1.3% |
| ADP Automatic Data Processing | 0.35% | 543,244 | $167.5M | Add +66.0% |
| PM Philip Morris International | 0.33% | 883,024 | $160.8M | Reduce -46.8% |
| QCOM Qualcomm Inc. | 0.32% | 983,515 | $156.6M | Add +189.5% |
| RSG Republic Services Inc. | 0.32% | 633,564 | $156.2M | Add +56.5% |
| EBAY eBay Inc. | 0.32% | 2,091,976 | $155.7M | Add +4.3% |
| LRCX Lam Research Corp. | 0.32% | 1,592,753 | $155.0M | Add +669.1% |
| WMT Walmart Inc. | 0.32% | 1,566,164 | $153.1M | Add +12.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.31% | 3,163,896 | $149.7M | Reduce -2.4% |
| LLY Eli Lilly & Co. | 0.31% | 190,596 | $148.6M | Add +150.3% |
| RBLX Roblox Corp. Class A | 0.30% | 1,359,745 | $143.0M | Reduce -3.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.29% | 2,043,850 | $142.8M | Add +2389.9% |
| BOX Box Inc. Class A | 0.29% | 4,137,447 | $141.3M | Add +36.4% |
| MRSH Marsh & McLennan Cos | 0.29% | 642,091 | $140.4M | Reduce -46.7% |
| WM Waste Management Inc. | 0.29% | 612,562 | $140.2M | Add +64.3% |
| RBRK Rubrik Inc. Class A | 0.29% | 1,555,252 | $139.3M | Add +388.7% |
| MSI Motorola Solutions Inc. | 0.28% | 318,967 | $134.1M | Reduce -34.6% |
| PLTR Palantir Technologies Inc. Class A | 0.28% | 978,320 | $133.4M | Add +76.3% |
| AYI Acuity Inc. | 0.27% | 440,237 | $131.3M | Reduce -18.9% |
| ACN Accenture PLC Class A | 0.27% | 432,159 | $129.2M | Add +319.2% |
| ECL Ecolab Inc. | 0.26% | 476,019 | $128.2M | Add +42.5% |
| KMB Kimberly-Clark Corp. | 0.26% | 992,379 | $127.9M | Add +36.4% |
| AU Anglogold Ashanti PLC | 0.26% | 2,788,123 | $127.0M | Add +1767.5% |
| NYT New York Times Co. Class A | 0.26% | 2,232,830 | $125.0M | Add +26.5% |
| CHE Chemed Corp. | 0.25% | 250,722 | $122.1M | Add +69.3% |
| JXN Jackson Financial Inc. Class A | 0.25% | 1,359,477 | $120.7M | Add +1.5% |
| RDDT Reddit Inc. Class A | 0.25% | 801,458 | $120.7M | Add +9.1% |
| GEV GE Vernova Inc. | 0.24% | 218,437 | $115.6M | Add +718.0% |
| TT Trane Technologies PLC | 0.23% | 258,731 | $113.2M | Add +670.6% |
| ATHM Autohome Inc.-ADR | 0.23% | 4,369,259 | $112.7M | Reduce -5.1% |
| HD Home Depot Inc. | 0.23% | 306,532 | $112.4M | Add +63.6% |
| GSK GSK PLC-Spon ADR | 0.22% | 2,824,745 | $108.4M | Reduce -29.1% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $8K (not counted above)
Total filed on the 13F, all lines: $48.4B.
Portfolio Sells Q1 2025 → Q2 2025
| SPOT Spotify Technology SA | Reduce -39.8% | 1.36% | −0.86 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -28.3% | 0.58% | −0.63 |
| CHKP Check Point Software Tech | Reduce -6.0% | 1.19% | −0.60 |
| BCS Barclays PLC-Spons ADR | Reduce -32.4% | 0.87% | −0.59 |
| MRSH Marsh & McLennan Cos | Reduce -46.7% | 0.29% | −0.54 |
| SU Suncor Energy Inc. | Reduce -10.8% | 0.86% | −0.50 |
| ERIC Ericsson (lm) Tel-SP ADR | Reduce -7.2% | 1.42% | −0.50 |
| ONON On Holding AG Class A | Reduce -86.3% | 0.06% | −0.45 |
| LOGI Logitech International-Reg | Reduce -10.4% | 1.06% | −0.45 |
| VZ Verizon Communications Inc. | Reduce -11.5% | 0.67% | −0.42 |
| C Citigroup Inc. | Reduce -26.9% | 0.74% | −0.42 |
| SE Sea Ltd.-ADR | Reduce -14.6% | 1.35% | −0.41 |
| PM Philip Morris International | Reduce -46.8% | 0.33% | −0.41 |
| CSCO Cisco Systems Inc. | Reduce -14.0% | 0.96% | −0.40 |
| MSI Motorola Solutions Inc. | Reduce -34.6% | 0.28% | −0.33 |
| TRV The Travelers Cos Inc. | Reduce -24.0% | 0.38% | −0.29 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -8.6% | 0.46% | −0.25 |
| EQH Equitable Holdings Inc. | Reduce -10.1% | 0.60% | −0.25 |
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -2.3% | 0.51% | −0.23 |
| EXPE Expedia Group Inc. | Reduce -62.0% | 0.09% | −0.23 |
| STM Stmicroelectronics NV-NY SHS | Reduce -65.6% | 0.12% | −0.23 |
| GSK GSK PLC-Spon ADR | Reduce -29.1% | 0.22% | −0.21 |
| NTAP Netapp Inc. | Reduce -63.8% | 0.10% | −0.21 |
| ETSY Etsy Inc. | Reduce -41.2% | 0.17% | −0.20 |
| WELL Welltower Inc. | Reduce -48.0% | 0.12% | −0.19 |
| TEAM Atlassian Corp. Class A | Reduce -2.7% | 0.39% | −0.18 |
| DBX Dropbox Inc. Class A | Reduce -8.3% | 0.46% | −0.18 |
| SPG Simon Property Group Inc. | Reduce -56.1% | 0.08% | −0.17 |
| ASX Ase Technology Holding -ADR | Reduce -55.9% | 0.10% | −0.17 |
| FTNT Fortinet Inc. | Reduce -2.5% | 0.60% | −0.17 |
| EXEL Exelixis Inc. | Reduce -81.7% | 0.03% | −0.16 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -67.9% | 0.05% | −0.16 |
| CVLT Commvault Systems Inc. | Reduce -4.4% | 0.52% | −0.15 |
| BKNG Booking Holdings Inc. | Reduce -2.3% | 1.32% | −0.15 |
| PINS Pinterest Inc. Class A | Reduce -77.0% | 0.04% | −0.15 |
| DASH DoorDash Inc. Class A | Reduce -26.0% | 0.38% | −0.14 |
| ANET Arista Networks Inc. | Reduce -24.6% | 0.35% | −0.13 |
| AYI Acuity Inc. | Reduce -18.9% | 0.27% | −0.13 |
| CVE Cenovus Energy Inc. | Reduce -74.1% | 0.03% | −0.13 |
| CLBT Cellebrite Di Ltd. | Reduce -35.3% | 0.08% | −0.13 |
| ATHM Autohome Inc.-ADR | Reduce -5.1% | 0.23% | −0.13 |
| RL Ralph Lauren Corp. | Reduce -88.6% | 0.01% | −0.13 |
| FFIV F5 Inc. | Reduce -1.1% | 0.50% | −0.13 |
| MO Altria Group Inc. | Reduce -27.1% | 0.12% | −0.12 |
| CM Can Imperial BK of Commerce | Reduce -62.5% | 0.06% | −0.11 |
| SYK Stryker Corp. | Reduce -42.2% | 0.08% | −0.10 |
| BCC Boise Cascade Co. | Reduce -16.2% | 0.11% | −0.09 |
| IBM Intl Business Machines Corp. | Reduce -30.6% | 0.13% | −0.09 |
| PDD PDD Holdings Inc. | Reduce -45.5% | 0.05% | −0.09 |
| INCY Incyte Corp. | Reduce -1.3% | 0.35% | −0.08 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +44.1% | 4.39% | +1.53 |
| MSFT Microsoft Corp. | Add +60.0% | 3.07% | +1.09 |
| CRM Salesforce Inc. | Add +1729.6% | 1.11% | +1.03 |
| AMAT Applied Materials Inc. | Add +417.3% | 0.65% | +0.52 |
| ADBE Adobe Inc. | Add +218.5% | 0.86% | +0.49 |
| AVGO Broadcom Inc. | Add +112.3% | 0.78% | +0.47 |
| PEP Pepsico Inc. | Add +175.7% | 0.81% | +0.35 |
| EA Electronic Arts Inc. | Add +176.6% | 0.61% | +0.34 |
| MA Mastercard Inc. Class A | Add +72.1% | 1.50% | +0.34 |
| AZN Astrazeneca PLC-Spons ADR | Add +2389.9% | 0.29% | +0.28 |
| LRCX Lam Research Corp. | Add +669.1% | 0.32% | +0.28 |
| COST Costco Wholesale Corp. | Add +108.5% | 0.73% | +0.27 |
| ASML ASML Holding NV-NY Reg SHS | Add +114.3% | 0.55% | +0.26 |
| DB Deutsche Bank AG-Registered | Add +90.6% | 0.60% | +0.26 |
| REGN Regeneron Pharmaceuticals | Add +234.7% | 0.50% | +0.26 |
| GOOG Alphabet Inc. Class C | Add +138.8% | 0.50% | +0.25 |
| AU Anglogold Ashanti PLC | Add +1767.5% | 0.26% | +0.25 |
| CAH Cardinal Health Inc. | Add +92.5% | 0.58% | +0.24 |
| MCK McKesson Corp. | Add +68.0% | 0.96% | +0.24 |
| RBRK Rubrik Inc. Class A | Add +388.7% | 0.29% | +0.23 |
| ABT Abbott Laboratories | Add +82.5% | 0.81% | +0.22 |
| TRP TC Energy Corp. | New | 0.22% | +0.22 |
| TSLA Tesla Inc. | Add +100.1% | 0.49% | +0.22 |
| GEV GE Vernova Inc. | Add +718.0% | 0.24% | +0.22 |
| TT Trane Technologies PLC | Add +670.6% | 0.23% | +0.20 |
| QCOM Qualcomm Inc. | Add +189.5% | 0.32% | +0.18 |
| ACN Accenture PLC Class A | Add +319.2% | 0.27% | +0.18 |
| MDB Mongodb Inc. | Add +83.8% | 0.45% | +0.17 |
| ADSK Autodesk Inc. | Add +549.3% | 0.20% | +0.16 |
| BNS Bank of Nova Scotia | Add +1529.8% | 0.17% | +0.16 |
| PFE Pfizer Inc. | Add +511.4% | 0.21% | +0.16 |
| PANW Palo Alto Networks Inc. | Add +244.0% | 0.22% | +0.15 |
| ELV Elevance Health Inc. | Add +5204.0% | 0.15% | +0.15 |
| PLTR Palantir Technologies Inc. Class A | Add +76.3% | 0.28% | +0.14 |
| CCJ Cameco Corp. | Add +1428.6% | 0.15% | +0.14 |
| BMY Bristol-Myers Squibb Co. | Add +958.5% | 0.17% | +0.14 |
| T AT&T Inc. | Add +59.6% | 0.87% | +0.14 |
| COR Cencora Inc. | Add +947.5% | 0.16% | +0.14 |
| NFLX Netflix Inc. | Add +4.9% | 1.47% | +0.13 |
| WDAY Workday Inc. Class A | Add +2448.2% | 0.14% | +0.13 |
| MDT Medtronic PLC | Add +1011.4% | 0.15% | +0.13 |
| AMD Advanced Micro Devices | Add +546.2% | 0.15% | +0.13 |
| LLY Eli Lilly & Co. | Add +150.3% | 0.31% | +0.13 |
| EQIX Equinix Inc. | Add +999.6% | 0.14% | +0.12 |
| JPM JPMorgan Chase & Co. | Add +65.2% | 0.41% | +0.12 |
| ABBV Abbvie Inc. | Add +260.0% | 0.20% | +0.11 |
| ODD Oddity Tech Ltd. Class A | Add +507.8% | 0.13% | +0.11 |
| HLN Haleon PLC-ADR | Add +3031.5% | 0.12% | +0.11 |
| ROKU Roku Inc. | Add +41.2% | 0.49% | +0.11 |
| V Visa Inc. Class A | Add +51.0% | 1.03% | +0.11 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,986 | $84.2B | AAPL, NVDA, GOOGL, AMZN, MSFT |
| Q1 2026 | 2,010 | $70.5B | AAPL, NVDA, GOOGL, MSFT, AMZN |
| Q4 2025 | 1,959 | $60.9B | NVDA, AAPL, MSFT, GOOGL, META |
| Q3 2025 | 1,817 | $57.3B | NVDA, AAPL, MSFT, META, AMZN |
| Q2 2025 | 1,659 | $48.4B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q1 2025 | 1,601 | $35.4B | AAPL, NVDA, AMZN, GOOGL, SPOT |
| Q4 2024 | 1,609 | $34.5B | AAPL, NVDA, GOOGL, MSFT, ERIC |
| Q3 2024 | 2,073 | $32.2B | AAPL, NVDA, GOOGL, CHKP, MSFT |
| Q2 2024 | 1,753 | $32.5B | NVDA, AAPL, AMZN, GOOGL, MSFT |
| Q1 2024 | 1,569 | $28.7B | NVDA, AMZN, GOOGL, MSFT, STLA |