Acadian Asset Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Acadian Asset Management LLC reported 1,817 stock positions worth $57.3 billion. Its top holding was Nvidia (NVDA) at 5.7% of the portfolio, followed by Apple (AAPL, 4.2%) and Microsoft (MSFT, 3.3%). Compared with Q2 2025, it opened 394 new positions, sold out of 236, added to 714 and reduced 575. The biggest buy was Apple (AAPL, shares +40%) and the biggest sale T-Mobile US (TMUS, shares −64%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0000916542
- Portfolio Value
- $57.3B (Q3 2025)
- SEC Filing
- 0001140361-25-041908 ↗ filed Nov 13, 2025
Holdings Value
Holdings 1,817 stocks · $57.3B
| NVDA Nvidia Corp. | 5.74% | 17,633,622 | $3.3B | Add +30.9% |
| AAPL Apple Inc. | 4.21% | 9,468,966 | $2.4B | Add +40.5% |
| MSFT Microsoft Corp. | 3.31% | 3,666,956 | $1.9B | Add +22.7% |
| META Meta Platforms Inc. Class A | 2.55% | 1,986,330 | $1.5B | Add +40.5% |
| AMZN Amazon.com Inc. | 2.33% | 6,085,783 | $1.3B | Add +12.5% |
| GOOGL Alphabet Inc. Class A | 2.31% | 5,446,083 | $1.3B | Reduce -12.5% |
| MA Mastercard Inc. Class A | 1.42% | 1,434,458 | $815.9M | Add +10.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.25% | 1,420,256 | $714.0M | Add +147.1% |
| BKNG Booking Holdings Inc. | 1.20% | 127,201 | $686.8M | Add +14.7% |
| JPM JPMorgan Chase & Co. | 1.18% | 2,146,762 | $677.1M | Add +215.0% |
| DB Deutsche Bank AG-Registered | 1.15% | 18,790,025 | $661.2M | Add +91.0% |
| UBS UBS Group AG-Reg | 1.10% | 15,367,879 | $627.9M | Add +13752.3% |
| LOGI Logitech International-Reg | 1.09% | 5,739,263 | $625.9M | Add +0.3% |
| AVGO Broadcom Inc. | 1.04% | 1,801,654 | $594.4M | Add +32.3% |
| ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS | 1.01% | 70,173,376 | $580.3M | Reduce -13.4% |
| NFLX Netflix Inc. | 1.00% | 478,148 | $573.2M | Reduce -10.1% |
| EA Electronic Arts Inc. | 0.97% | 2,767,909 | $558.2M | Add +48.6% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.96% | 8,545,168 | $552.6M | Add +458.9% |
| SU Suncor Energy Inc. | 0.94% | 12,851,288 | $537.9M | Add +16.0% |
| C Citigroup Inc. | 0.93% | 5,242,037 | $532.0M | Add +23.9% |
| INFY Infosys Ltd.-SP ADR | 0.92% | 32,360,853 | $526.5M | Add +11.7% |
| MCK McKesson Corp. | 0.92% | 679,384 | $524.8M | Add +6.7% |
| ABT Abbott Laboratories | 0.90% | 3,861,380 | $517.1M | Add +33.3% |
| BCS Barclays PLC-Spons ADR | 0.85% | 23,547,974 | $486.7M | Add +3.6% |
| SPOT Spotify Technology SA | 0.85% | 694,701 | $484.8M | Reduce -19.1% |
| JNJ Johnson & Johnson | 0.83% | 2,563,380 | $475.3M | Add +58.5% |
| CL Colgate-Palmolive Co. | 0.82% | 5,900,389 | $471.6M | Reduce -3.7% |
| ZM Zoom Communications Inc. | 0.81% | 5,593,193 | $461.4M | Add +48.4% |
| SE Sea Ltd.-ADR | 0.77% | 2,477,194 | $442.7M | Reduce -39.3% |
| EBAY eBay Inc. | 0.76% | 4,811,455 | $437.6M | Add +130.0% |
| CSCO Cisco Systems Inc. | 0.75% | 6,301,971 | $431.1M | Reduce -6.3% |
| TSLA Tesla Inc. | 0.69% | 895,520 | $398.2M | Add +20.2% |
| ADBE Adobe Inc. | 0.69% | 1,124,621 | $396.7M | Add +4.7% |
| CHKP Check Point Software Tech | 0.69% | 1,901,349 | $393.3M | Reduce -27.2% |
| INTU Intuit Inc. | 0.69% | 574,839 | $392.5M | Add +83.7% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.68% | 2,991,670 | $389.9M | Add +711.0% |
| ABNB Airbnb Inc. Class A | 0.68% | 3,198,516 | $388.3M | Add +21.2% |
| QCOM Qualcomm Inc. | 0.66% | 2,286,512 | $380.3M | Add +132.5% |
| GOOG Alphabet Inc. Class C | 0.65% | 1,534,796 | $373.8M | Add +11.7% |
| CMCSA Comcast Corp. Class A | 0.63% | 11,485,026 | $360.8M | Add +44.5% |
| CRM Salesforce Inc. | 0.62% | 1,507,789 | $357.3M | Reduce -23.6% |
| WIX Wix.com Ltd. | 0.62% | 1,999,877 | $355.2M | Reduce -5.7% |
| T AT&T Inc. | 0.58% | 11,699,402 | $330.3M | Reduce -19.3% |
| REGN Regeneron Pharmaceuticals | 0.57% | 584,505 | $328.6M | Add +25.5% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.57% | 16,604,384 | $326.1M | Add +1.4% |
| FFIV F5 Inc. | 0.57% | 1,007,335 | $325.5M | Add +22.8% |
| COST Costco Wholesale Corp. | 0.54% | 333,465 | $308.6M | Reduce -6.8% |
| V Visa Inc. Class A | 0.53% | 896,372 | $306.0M | Reduce -36.2% |
| TD Toronto-Dominion Bank | 0.53% | 3,795,617 | $303.5M | Add +697.9% |
| VEEV Veeva Systems Inc. Class A | 0.52% | 998,245 | $297.3M | Add +17.4% |
| AU Anglogold Ashanti PLC | 0.52% | 4,199,174 | $295.3M | Add +50.6% |
| ABBV Abbvie Inc. | 0.48% | 1,195,778 | $276.8M | Add +132.7% |
| LRCX Lam Research Corp. | 0.46% | 1,951,402 | $261.3M | Add +22.5% |
| CTAS Cintas Corp. | 0.43% | 1,208,295 | $248.0M | Reduce -21.6% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.42% | 254,468 | $242.5M | Add +5.2% |
| VZ Verizon Communications Inc. | 0.41% | 5,325,498 | $234.0M | Reduce -29.2% |
| ROKU Roku Inc. | 0.40% | 2,269,718 | $227.2M | Reduce -15.7% |
| MDB Mongodb Inc. | 0.39% | 727,931 | $225.9M | Reduce -29.6% |
| DBX Dropbox Inc. Class A | 0.39% | 7,460,786 | $225.4M | Reduce -4.8% |
| PG The Procter & Gamble Co. | 0.39% | 1,453,549 | $223.3M | Reduce -5.2% |
| CVLT Commvault Systems Inc. | 0.37% | 1,124,524 | $212.3M | Reduce -21.8% |
| MCO Moody's Corp. | 0.36% | 431,581 | $205.6M | Reduce -34.1% |
| BZ Kanzhun Ltd. - ADR | 0.34% | 8,348,281 | $195.0M | Add +61.8% |
| ASML ASML Holding NV-NY Reg SHS | 0.33% | 197,344 | $191.0M | Reduce -40.2% |
| INCY Incyte Corp. | 0.33% | 2,241,208 | $190.0M | Reduce -9.6% |
| RBLX Roblox Corp. Class A | 0.32% | 1,340,804 | $185.7M | Reduce -1.4% |
| MRK Merck & Co. Inc. | 0.32% | 2,202,965 | $184.9M | Reduce -47.3% |
| PEP Pepsico Inc. | 0.32% | 1,290,463 | $181.2M | Reduce -56.5% |
| PLTR Palantir Technologies Inc. Class A | 0.31% | 989,260 | $180.4M | Add +1.1% |
| DASH DoorDash Inc. Class A | 0.31% | 644,827 | $175.4M | Reduce -13.7% |
| AZN Astrazeneca PLC-Spons ADR | 0.29% | 2,129,341 | $163.3M | Add +4.2% |
| JXN Jackson Financial Inc. Class A | 0.28% | 1,612,240 | $163.2M | Add +18.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.28% | 3,153,516 | $162.7M | Reduce -0.3% |
| CAH Cardinal Health Inc. | 0.28% | 1,029,540 | $161.5M | Reduce -38.7% |
| MU Micron Technology Inc. | 0.27% | 941,211 | $157.5M | Add +291.0% |
| LLY Eli Lilly & Co. | 0.27% | 205,412 | $156.7M | Add +7.8% |
| TEL Te Connectivity PLC | 0.27% | 702,971 | $154.3M | Add +9.8% |
| KMB Kimberly-Clark Corp. | 0.26% | 1,206,770 | $150.0M | Add +21.6% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 495,230 | $149.0M | Add +101.4% |
| TMUS T-Mobile US Inc. | 0.26% | 615,097 | $147.2M | Reduce -63.7% |
| PDD PDD Holdings Inc. | 0.25% | 1,105,071 | $146.0M | Add +400.2% |
| ORCL Oracle Corp. | 0.25% | 517,071 | $145.4M | Add +88.8% |
| BP BP PLC-Spons ADR | 0.25% | 4,211,810 | $145.1M | Add +17980.3% |
| BBD Banco Bradesco-ADR | 0.25% | 42,859,846 | $144.8M | Add +222.0% |
| BOX Box Inc. Class A | 0.25% | 4,452,753 | $143.7M | Add +7.6% |
| ECL Ecolab Inc. | 0.25% | 523,944 | $143.5M | Add +10.1% |
| QFIN Qfin Holdings Inc.-ADR | 0.25% | 4,902,029 | $141.0M | Reduce -3.9% |
| NYT New York Times Co. Class A | 0.24% | 2,435,397 | $139.8M | Add +9.1% |
| FTNT Fortinet Inc. | 0.24% | 1,655,236 | $139.1M | Reduce -39.3% |
| BMY Bristol-Myers Squibb Co. | 0.24% | 3,077,804 | $138.8M | Add +73.4% |
| PM Philip Morris International | 0.23% | 828,501 | $134.4M | Reduce -6.2% |
| ETSY Etsy Inc. | 0.23% | 2,017,349 | $133.9M | Add +22.4% |
| EQH Equitable Holdings Inc. | 0.23% | 2,610,514 | $132.5M | Reduce -49.8% |
| WM Waste Management Inc. | 0.23% | 593,038 | $130.9M | Reduce -3.2% |
| ADP Automatic Data Processing | 0.23% | 445,087 | $130.6M | Reduce -18.1% |
| MRSH Marsh & McLennan Cos | 0.22% | 629,480 | $126.8M | Reduce -2.0% |
| BAP Credicorp Ltd. | 0.22% | 474,883 | $126.4M | Add +2.3% |
| MS Morgan Stanley | 0.22% | 777,096 | $123.5M | Add +68.0% |
| SIMO Silicon Motion Technol-ADR | 0.22% | 1,301,666 | $123.4M | Reduce -0.7% |
| AYI Acuity Inc. | 0.21% | 357,157 | $123.0M | Reduce -18.9% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $16K (not counted above)
Total filed on the 13F, all lines: $57.3B.
Portfolio Sells Q2 2025 → Q3 2025
| TMUS T-Mobile US Inc. | Reduce -63.7% | 0.26% | −0.58 |
| SE Sea Ltd.-ADR | Reduce -39.3% | 0.77% | −0.57 |
| AMAT Applied Materials Inc. | Reduce -78.5% | 0.13% | −0.52 |
| SPOT Spotify Technology SA | Reduce -19.1% | 0.85% | −0.51 |
| CHKP Check Point Software Tech | Reduce -27.2% | 0.69% | −0.51 |
| V Visa Inc. Class A | Reduce -36.2% | 0.53% | −0.50 |
| PEP Pepsico Inc. | Reduce -56.5% | 0.32% | −0.49 |
| CRM Salesforce Inc. | Reduce -23.6% | 0.62% | −0.49 |
| NFLX Netflix Inc. | Reduce -10.1% | 1.00% | −0.47 |
| ERIC Ericsson (lm) Tel-SP ADR | Reduce -13.4% | 1.01% | −0.41 |
| EQH Equitable Holdings Inc. | Reduce -49.8% | 0.23% | −0.37 |
| MRK Merck & Co. Inc. | Reduce -47.3% | 0.32% | −0.36 |
| FTNT Fortinet Inc. | Reduce -39.3% | 0.24% | −0.35 |
| CL Colgate-Palmolive Co. | Reduce -3.7% | 0.82% | −0.33 |
| MCO Moody's Corp. | Reduce -34.1% | 0.36% | −0.32 |
| CAH Cardinal Health Inc. | Reduce -38.7% | 0.28% | −0.30 |
| T AT&T Inc. | Reduce -19.3% | 0.58% | −0.29 |
| ICE Intercontinental Exchange Inc. | Reduce -75.4% | 0.07% | −0.28 |
| CTAS Cintas Corp. | Reduce -21.6% | 0.43% | −0.28 |
| VZ Verizon Communications Inc. | Reduce -29.2% | 0.41% | −0.26 |
| NOW ServiceNow Inc. | Reduce -43.5% | 0.19% | −0.26 |
| WMT Walmart Inc. | Reduce -74.0% | 0.07% | −0.24 |
| TRV The Travelers Cos Inc. | Reduce -55.3% | 0.15% | −0.23 |
| TEAM Atlassian Corp. Class A | Reduce -36.5% | 0.16% | −0.22 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -40.2% | 0.33% | −0.21 |
| CSCO Cisco Systems Inc. | Reduce -6.3% | 0.75% | −0.21 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -3.9% | 0.25% | −0.21 |
| RBRK Rubrik Inc. Class A | Reduce -64.2% | 0.08% | −0.21 |
| COST Costco Wholesale Corp. | Reduce -6.8% | 0.54% | −0.19 |
| RSG Republic Services Inc. | Reduce -45.1% | 0.14% | −0.18 |
| ANET Arista Networks Inc. | Reduce -53.3% | 0.20% | −0.15 |
| ULS Ul Solutions Inc. Class A | Reduce -94.6% | 0.01% | −0.15 |
| CVLT Commvault Systems Inc. | Reduce -21.8% | 0.37% | −0.15 |
| RDDT Reddit Inc. Class A | Reduce -60.5% | 0.13% | −0.12 |
| ADSK Autodesk Inc. | Reduce -55.1% | 0.08% | −0.12 |
| ACN Accenture PLC Class A | Reduce -20.9% | 0.15% | −0.12 |
| ADP Automatic Data Processing | Reduce -18.1% | 0.23% | −0.12 |
| WCN Waste Connections Inc. | Reduce -97.5% | 0.00% | −0.12 |
| PANW Palo Alto Networks Inc. | Reduce -44.1% | 0.10% | −0.12 |
| FMX Fomento Economico Mex-SP ADR | Reduce -98.5% | 0.00% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -5.2% | 0.39% | −0.11 |
| HLN Haleon PLC-ADR | Reduce -97.5% | 0.00% | −0.11 |
| TWLO Twilio Inc. Class A | Reduce -67.1% | 0.03% | −0.11 |
| GEV GE Vernova Inc. | Reduce -43.8% | 0.13% | −0.11 |
| PM Philip Morris International | Reduce -6.2% | 0.23% | −0.10 |
| PEGA Pegasystems Inc. | Reduce -70.0% | 0.04% | −0.10 |
| HD Home Depot Inc. | Reduce -36.9% | 0.14% | −0.10 |
| MSCI MSCI Inc. | Reduce -41.8% | 0.09% | −0.10 |
| ROKU Roku Inc. | Reduce -15.7% | 0.40% | −0.09 |
| LMT Lockheed Martin Corp. | Reduce -59.7% | 0.05% | −0.09 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +40.5% | 4.21% | +1.35 |
| NVDA Nvidia Corp. | Add +30.9% | 5.74% | +1.35 |
| UBS UBS Group AG-Reg | Add +13752.3% | 1.10% | +1.09 |
| BNS Bank of Nova Scotia | Add +458.9% | 0.96% | +0.79 |
| JPM JPMorgan Chase & Co. | Add +215.0% | 1.18% | +0.77 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +147.1% | 1.25% | +0.67 |
| BMO Bank of Montreal | Add +711.0% | 0.68% | +0.60 |
| DB Deutsche Bank AG-Registered | Add +91.0% | 1.15% | +0.55 |
| TD Toronto-Dominion Bank | Add +697.9% | 0.53% | +0.46 |
| EBAY eBay Inc. | Add +130.0% | 0.76% | +0.44 |
| META Meta Platforms Inc. Class A | Add +40.5% | 2.55% | +0.39 |
| EA Electronic Arts Inc. | Add +48.6% | 0.97% | +0.36 |
| QCOM Qualcomm Inc. | Add +132.5% | 0.66% | +0.34 |
| JNJ Johnson & Johnson | Add +58.5% | 0.83% | +0.32 |
| ABBV Abbvie Inc. | Add +132.7% | 0.48% | +0.29 |
| AVGO Broadcom Inc. | Add +32.3% | 1.04% | +0.26 |
| AU Anglogold Ashanti PLC | Add +50.6% | 0.52% | +0.25 |
| BP BP PLC-Spons ADR | Add +17980.3% | 0.25% | +0.25 |
| MSFT Microsoft Corp. | Add +22.7% | 3.31% | +0.25 |
| MU Micron Technology Inc. | Add +291.0% | 0.27% | +0.21 |
| PDD PDD Holdings Inc. | Add +400.2% | 0.25% | +0.21 |
| TSLA Tesla Inc. | Add +20.2% | 0.69% | +0.21 |
| ZM Zoom Communications Inc. | Add +48.4% | 0.81% | +0.20 |
| C Citigroup Inc. | Add +23.9% | 0.93% | +0.19 |
| GD General Dynamics Corp. | Add +512.0% | 0.21% | +0.18 |
| INTU Intuit Inc. | Add +83.7% | 0.69% | +0.18 |
| BBD Banco Bradesco-ADR | Add +222.0% | 0.25% | +0.17 |
| BZ Kanzhun Ltd. - ADR | Add +61.8% | 0.34% | +0.15 |
| GOOG Alphabet Inc. Class C | Add +11.7% | 0.65% | +0.15 |
| CX Cemex Sab-Spons ADR Part Cer | Add +1674.1% | 0.15% | +0.15 |
| LRCX Lam Research Corp. | Add +22.5% | 0.46% | +0.14 |
| ORCL Oracle Corp. | Add +88.8% | 0.25% | +0.13 |
| GE General Electric | Add +101.4% | 0.26% | +0.13 |
| FUTU Futu Holdings Ltd.-ADR | Add +905.4% | 0.11% | +0.10 |
| HBM Hudbay Minerals Inc. | Add +255.6% | 0.13% | +0.10 |
| FSV Firstservice Corp. | Add +181.0% | 0.17% | +0.10 |
| NICE Nice Ltd. - Spon ADR | Add +260.6% | 0.16% | +0.10 |
| ABT Abbott Laboratories | Add +33.3% | 0.90% | +0.09 |
| FSM Fortuna Mining Corp. | Add +66.3% | 0.18% | +0.09 |
| EGO Eldorado Gold Corp. | Add +301.7% | 0.11% | +0.09 |
| AME Ametek Inc. | Add +119.8% | 0.18% | +0.09 |
| HMY Harmony Gold MNG-Spon ADR | Add +64.7% | 0.19% | +0.08 |
| GDDY GoDaddy Inc. Class A | Add +20781.7% | 0.08% | +0.08 |
| SU Suncor Energy Inc. | Add +16.0% | 0.94% | +0.08 |
| MS Morgan Stanley | Add +68.0% | 0.22% | +0.08 |
| ARGX Argenx SE - ADR | New | 0.08% | +0.08 |
| B Barrick Mining Corp. | Add +1336.5% | 0.08% | +0.08 |
| CRUS Cirrus Logic Inc. | Add +111.8% | 0.14% | +0.08 |
| ALAB Astera Labs Inc. | Add +842.2% | 0.08% | +0.08 |
| INDV Indivior Ltd. | Add +93.2% | 0.12% | +0.08 |
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 |