Acadian Asset Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Acadian Asset Management LLC reported 1,959 stock positions worth $60.9 billion. Its top holding was Nvidia (NVDA) at 5.3% of the portfolio, followed by Apple (AAPL, 4.9%) and Microsoft (MSFT, 3.1%). Compared with Q3 2025, it opened 346 new positions, sold out of 206, added to 801 and reduced 702. The biggest buy was Toronto-Dominion Bank (TD, shares +129%) and the biggest sale Mastercard Class A (MA, shares −71%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0000916542
- Portfolio Value
- $60.9B (Q4 2025)
- SEC Filing
- 0001140361-26-004564 ↗ filed Feb 10, 2026
Holdings Value
Holdings 1,959 stocks · $60.9B
| NVDA Nvidia Corp. | 5.28% | 17,228,870 | $3.2B | Reduce -2.3% |
| AAPL Apple Inc. | 4.89% | 10,964,955 | $3.0B | Add +15.8% |
| MSFT Microsoft Corp. | 3.14% | 3,948,433 | $1.9B | Add +7.7% |
| GOOGL Alphabet Inc. Class A | 3.04% | 5,916,216 | $1.9B | Add +8.6% |
| META Meta Platforms Inc. Class A | 2.20% | 2,026,670 | $1.3B | Add +2.0% |
| AMZN Amazon.com Inc. | 1.85% | 4,882,514 | $1.1B | Reduce -19.8% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.56% | 12,866,335 | $950.1M | Add +50.6% |
| JPM JPMorgan Chase & Co. | 1.54% | 2,909,712 | $937.5M | Add +35.5% |
| TD Toronto-Dominion Bank | 1.35% | 8,692,670 | $820.3M | Add +129.0% |
| DB Deutsche Bank AG-Registered | 1.27% | 19,876,273 | $772.9M | Add +5.8% |
| UBS UBS Group AG-Reg | 1.24% | 16,181,297 | $754.8M | Add +5.3% |
| AVGO Broadcom Inc. | 1.20% | 2,111,363 | $730.7M | Add +17.2% |
| BKNG Booking Holdings Inc. | 1.13% | 128,215 | $686.6M | Add +0.8% |
| C Citigroup Inc. | 1.11% | 5,814,579 | $678.5M | Add +10.9% |
| ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS | 1.07% | 67,243,524 | $648.8M | Reduce -4.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.02% | 1,232,356 | $619.4M | Reduce -13.2% |
| MCK McKesson Corp. | 0.97% | 717,403 | $588.4M | Add +5.6% |
| ABT Abbott Laboratories | 0.96% | 4,681,938 | $586.6M | Add +21.3% |
| GOOG Alphabet Inc. Class C | 0.96% | 1,868,994 | $586.5M | Add +21.8% |
| LOGI Logitech International-Reg | 0.93% | 5,496,819 | $565.7M | Reduce -4.2% |
| COST Costco Wholesale Corp. | 0.91% | 639,411 | $551.3M | Add +91.8% |
| BCS Barclays PLC-Spons ADR | 0.80% | 19,117,396 | $486.5M | Reduce -18.8% |
| ABNB Airbnb Inc. Class A | 0.80% | 3,582,566 | $486.2M | Add +12.0% |
| TSLA Tesla Inc. | 0.79% | 1,073,587 | $482.8M | Add +19.9% |
| ZM Zoom Communications Inc. | 0.77% | 5,408,729 | $466.7M | Reduce -3.3% |
| MU Micron Technology Inc. | 0.76% | 1,611,700 | $460.0M | Add +71.2% |
| INFY Infosys Ltd.-SP ADR | 0.75% | 25,766,315 | $459.1M | Reduce -20.4% |
| JNJ Johnson & Johnson | 0.73% | 2,157,305 | $446.4M | Reduce -15.8% |
| SU Suncor Energy Inc. | 0.73% | 9,968,771 | $443.0M | Reduce -22.4% |
| GSK GSK PLC-Spon ADR | 0.72% | 8,964,159 | $439.6M | Add +221.5% |
| ADBE Adobe Inc. | 0.67% | 1,159,792 | $405.9M | Add +3.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.66% | 2,610,491 | $401.0M | Add +245.2% |
| ASML ASML Holding NV-NY Reg SHS | 0.66% | 373,309 | $399.4M | Add +89.2% |
| AU Anglogold Ashanti PLC | 0.64% | 4,601,227 | $392.3M | Add +9.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.61% | 6,780,691 | $372.9M | Add +115.0% |
| LRCX Lam Research Corp. | 0.60% | 2,117,699 | $362.5M | Add +8.5% |
| INTU Intuit Inc. | 0.59% | 545,790 | $361.5M | Reduce -5.0% |
| BP BP PLC-Spons ADR | 0.59% | 10,377,885 | $360.4M | Add +146.4% |
| VEEV Veeva Systems Inc. Class A | 0.57% | 1,560,848 | $348.4M | Add +56.4% |
| EA Electronic Arts Inc. | 0.57% | 1,704,231 | $348.2M | Reduce -38.4% |
| SPOT Spotify Technology SA | 0.57% | 594,159 | $345.0M | Reduce -14.5% |
| REGN Regeneron Pharmaceuticals | 0.56% | 445,795 | $344.0M | Reduce -23.7% |
| EBAY eBay Inc. | 0.56% | 3,924,274 | $341.8M | Reduce -18.4% |
| BMY Bristol-Myers Squibb Co. | 0.53% | 5,973,524 | $322.2M | Add +94.1% |
| CHKP Check Point Software Tech | 0.52% | 1,695,411 | $314.5M | Reduce -10.8% |
| ABBV Abbvie Inc. | 0.51% | 1,369,940 | $313.0M | Add +14.6% |
| CAH Cardinal Health Inc. | 0.48% | 1,430,201 | $293.9M | Add +38.9% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.48% | 16,556,678 | $292.9M | Reduce -0.3% |
| CMCSA Comcast Corp. Class A | 0.48% | 9,784,498 | $292.4M | Reduce -14.8% |
| V Visa Inc. Class A | 0.47% | 823,968 | $289.0M | Reduce -8.1% |
| TEL Te Connectivity PLC | 0.47% | 1,261,117 | $286.9M | Add +79.4% |
| GE General Electric filed as GE AEROSPACE | 0.47% | 922,297 | $284.1M | Add +86.2% |
| LLY Eli Lilly & Co. | 0.46% | 259,450 | $278.8M | Add +26.3% |
| CX Cemex Sab-Spons ADR Part Cer | 0.43% | 22,696,400 | $260.7M | Add +131.0% |
| BZ Kanzhun Ltd. - ADR | 0.42% | 12,485,182 | $254.4M | Add +49.5% |
| RY Royal Bank of Canada | 0.41% | 1,472,080 | $251.3M | Add +134.7% |
| CL Colgate-Palmolive Co. | 0.41% | 3,157,650 | $249.5M | Reduce -46.5% |
| QCOM Qualcomm Inc. | 0.41% | 1,453,990 | $248.7M | Reduce -36.4% |
| NFLX Netflix Inc. | 0.40% | 2,574,921 | $241.4M | Reduce -46.1% |
| MA Mastercard Inc. Class A | 0.39% | 416,313 | $237.6M | Reduce -71.0% |
| ROKU Roku Inc. | 0.39% | 2,170,621 | $235.5M | Reduce -4.4% |
| CSCO Cisco Systems Inc. | 0.38% | 3,022,085 | $232.8M | Reduce -52.0% |
| SYK Stryker Corp. | 0.37% | 636,811 | $223.8M | Add +168.0% |
| HCA HCA Healthcare Inc. | 0.36% | 471,367 | $220.0M | Add +495.8% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.35% | 2,376,088 | $215.7M | Add +388.8% |
| PG The Procter & Gamble Co. | 0.35% | 1,477,647 | $211.7M | Add +1.7% |
| AZN Astrazeneca PLC-Spons ADR | 0.33% | 2,178,578 | $200.2M | Add +2.3% |
| ANET Arista Networks Inc. | 0.33% | 1,524,653 | $199.7M | Add +94.6% |
| MDB Mongodb Inc. | 0.33% | 474,341 | $199.0M | Reduce -34.8% |
| MSI Motorola Solutions Inc. | 0.33% | 517,446 | $198.3M | Add +93.2% |
| CTAS Cintas Corp. | 0.32% | 1,048,981 | $197.2M | Reduce -13.2% |
| PLTR Palantir Technologies Inc. Class A | 0.32% | 1,094,403 | $194.5M | Add +10.6% |
| HBM Hudbay Minerals Inc. | 0.32% | 9,786,000 | $194.5M | Add +92.2% |
| BBD Banco Bradesco-ADR | 0.30% | 55,551,078 | $185.0M | Add +29.6% |
| STX Seagate Technology Holdings | 0.30% | 670,900 | $184.7M | Add +1105.6% |
| DBX Dropbox Inc. Class A | 0.30% | 6,613,552 | $183.8M | Reduce -11.4% |
| EXPE Expedia Group Inc. | 0.30% | 643,766 | $182.4M | Add +226.2% |
| INCY Incyte Corp. | 0.30% | 1,844,752 | $182.2M | Reduce -17.7% |
| T AT&T Inc. | 0.29% | 7,222,522 | $179.4M | Reduce -38.3% |
| CRM Salesforce Inc. | 0.28% | 647,286 | $171.5M | Reduce -57.1% |
| MRK Merck & Co. Inc. | 0.28% | 1,594,669 | $167.8M | Reduce -27.6% |
| PEP Pepsico Inc. | 0.27% | 1,154,871 | $165.7M | Reduce -10.5% |
| GS Goldman Sachs Group Inc. | 0.27% | 187,003 | $164.4M | Add +44.1% |
| NYT New York Times Co. Class A | 0.27% | 2,356,117 | $163.5M | Reduce -3.3% |
| WIX Wix.com Ltd. | 0.26% | 1,546,022 | $160.6M | Reduce -22.7% |
| PDD PDD Holdings Inc. | 0.26% | 1,411,514 | $160.0M | Add +27.7% |
| JXN Jackson Financial Inc. Class A | 0.26% | 1,497,825 | $159.7M | Reduce -7.1% |
| MS Morgan Stanley | 0.26% | 888,587 | $157.7M | Add +14.3% |
| MCO Moody's Corp. | 0.26% | 307,920 | $157.3M | Reduce -28.6% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.26% | 1,201,968 | $156.3M | Reduce -59.8% |
| AMD Advanced Micro Devices | 0.25% | 717,984 | $153.7M | Add +11.2% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.25% | 2,252,690 | $151.2M | New |
| KLAC KLA Corp. | 0.25% | 124,011 | $150.7M | Add +174.2% |
| TEAM Atlassian Corp. Class A | 0.24% | 902,939 | $146.4M | Add +53.6% |
| MRSH Marsh & McLennan Cos | 0.23% | 747,581 | $138.7M | Add +18.8% |
| KO The Coca-Cola Co. | 0.23% | 1,977,386 | $138.2M | Add +27.7% |
| MDT Medtronic PLC | 0.22% | 1,417,793 | $136.2M | Add +116.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.22% | 1,169,597 | $135.8M | Add +11.6% |
| BOX Box Inc. Class A | 0.22% | 4,494,802 | $134.4M | Add +0.9% |
| AYI Acuity Inc. | 0.22% | 370,600 | $133.4M | Add +3.8% |
Portfolio Sells Q3 2025 → Q4 2025
| MA Mastercard Inc. Class A | Reduce -71.0% | 0.39% | −1.03 |
| SE Sea Ltd.-ADR | Reduce -97.9% | 0.01% | −0.76 |
| NFLX Netflix Inc. | Reduce -46.1% | 0.40% | −0.60 |
| AMZN Amazon.com Inc. | Reduce -19.8% | 1.85% | −0.48 |
| NVDA Nvidia Corp. | Reduce -2.3% | 5.28% | −0.47 |
| BMO Bank of Montreal | Reduce -59.8% | 0.26% | −0.42 |
| CL Colgate-Palmolive Co. | Reduce -46.5% | 0.41% | −0.41 |
| EA Electronic Arts Inc. | Reduce -38.4% | 0.57% | −0.40 |
| CSCO Cisco Systems Inc. | Reduce -52.0% | 0.38% | −0.37 |
| FFIV F5 Inc. | Reduce -51.9% | 0.20% | −0.37 |
| WIX Wix.com Ltd. | Reduce -22.7% | 0.26% | −0.36 |
| CRM Salesforce Inc. | Reduce -57.1% | 0.28% | −0.34 |
| VZ Verizon Communications Inc. | Reduce -81.1% | 0.07% | −0.34 |
| T AT&T Inc. | Reduce -38.3% | 0.29% | −0.28 |
| SPOT Spotify Technology SA | Reduce -14.5% | 0.57% | −0.28 |
| QCOM Qualcomm Inc. | Reduce -36.4% | 0.41% | −0.26 |
| RBLX Roblox Corp. Class A | Reduce -59.2% | 0.07% | −0.25 |
| GWW WW Grainger Inc. | Reduce -54.9% | 0.19% | −0.23 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -13.2% | 1.02% | −0.23 |
| TMUS T-Mobile US Inc. | Reduce -79.9% | 0.04% | −0.22 |
| SU Suncor Energy Inc. | Reduce -22.4% | 0.73% | −0.21 |
| CVLT Commvault Systems Inc. | Reduce -29.5% | 0.16% | −0.21 |
| EBAY eBay Inc. | Reduce -18.4% | 0.56% | −0.20 |
| FTNT Fortinet Inc. | Reduce -67.3% | 0.07% | −0.17 |
| CHKP Check Point Software Tech | Reduce -10.8% | 0.52% | −0.17 |
| INFY Infosys Ltd.-SP ADR | Reduce -20.4% | 0.75% | −0.17 |
| KMB Kimberly-Clark Corp. | Reduce -51.1% | 0.10% | −0.16 |
| LOGI Logitech International-Reg | Reduce -4.2% | 0.93% | −0.16 |
| WM Waste Management Inc. | Reduce -68.1% | 0.07% | −0.16 |
| QFIN Qfin Holdings Inc.-ADR | Reduce -40.0% | 0.09% | −0.15 |
| LOW Lowe's Cos Inc. | Reduce -99.5% | 0.00% | −0.15 |
| CMCSA Comcast Corp. Class A | Reduce -14.8% | 0.48% | −0.15 |
| EQH Equitable Holdings Inc. | Reduce -54.7% | 0.09% | −0.14 |
| DASH DoorDash Inc. Class A | Reduce -29.0% | 0.17% | −0.14 |
| ADP Automatic Data Processing | Reduce -50.8% | 0.09% | −0.14 |
| HD Home Depot Inc. | Reduce -77.8% | 0.02% | −0.11 |
| EQIX Equinix Inc. | Reduce -75.0% | 0.03% | −0.11 |
| HOOD Robinhood Markets Inc. Class A | Reduce -91.8% | 0.01% | −0.11 |
| CTAS Cintas Corp. | Reduce -13.2% | 0.32% | −0.11 |
| CLX Clorox Company | Reduce -46.3% | 0.07% | −0.11 |
| RSG Republic Services Inc. | Reduce -69.8% | 0.04% | −0.10 |
| ETSY Etsy Inc. | Reduce -28.5% | 0.13% | −0.10 |
| MCO Moody's Corp. | Reduce -28.6% | 0.26% | −0.10 |
| RDDT Reddit Inc. Class A | Reduce -76.3% | 0.03% | −0.10 |
| JNJ Johnson & Johnson | Reduce -15.8% | 0.73% | −0.10 |
| TME Tencent Music Entertainm-ADR | Reduce -79.9% | 0.02% | −0.10 |
| PANW Palo Alto Networks Inc. | Reduce -87.7% | 0.01% | −0.09 |
| DBX Dropbox Inc. Class A | Reduce -11.4% | 0.30% | −0.09 |
| INTU Intuit Inc. | Reduce -5.0% | 0.59% | −0.09 |
| PFE Pfizer Inc. | Reduce -51.1% | 0.07% | −0.09 |
Portfolio Buys Q3 2025 → Q4 2025
| TD Toronto-Dominion Bank | Add +129.0% | 1.35% | +0.82 |
| GOOGL Alphabet Inc. Class A | Add +8.6% | 3.04% | +0.73 |
| AAPL Apple Inc. | Add +15.8% | 4.89% | +0.69 |
| BNS Bank of Nova Scotia | Add +50.6% | 1.56% | +0.60 |
| GSK GSK PLC-Spon ADR | Add +221.5% | 0.72% | +0.51 |
| MU Micron Technology Inc. | Add +71.2% | 0.76% | +0.48 |
| TJX TJX Companies Inc. | Add +245.2% | 0.66% | +0.47 |
| COST Costco Wholesale Corp. | Add +91.8% | 0.91% | +0.37 |
| JPM JPMorgan Chase & Co. | Add +35.5% | 1.54% | +0.36 |
| BP BP PLC-Spons ADR | Add +146.4% | 0.59% | +0.34 |
| BAC Bank of America Corp. | Add +115.0% | 0.61% | +0.33 |
| ASML ASML Holding NV-NY Reg SHS | Add +89.2% | 0.66% | +0.32 |
| GOOG Alphabet Inc. Class C | Add +21.8% | 0.96% | +0.31 |
| HCA HCA Healthcare Inc. | Add +495.8% | 0.36% | +0.30 |
| BMY Bristol-Myers Squibb Co. | Add +94.1% | 0.53% | +0.29 |
| CM Can Imperial BK of Commerce | Add +388.8% | 0.35% | +0.29 |
| STX Seagate Technology Holdings | Add +1105.6% | 0.30% | +0.28 |
| CX Cemex Sab-Spons ADR Part Cer | Add +131.0% | 0.43% | +0.27 |
| RY Royal Bank of Canada | Add +134.7% | 0.41% | +0.25 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 0.25% | +0.25 |
| EXPE Expedia Group Inc. | Add +226.2% | 0.30% | +0.23 |
| SYK Stryker Corp. | Add +168.0% | 0.37% | +0.21 |
| GE General Electric | Add +86.2% | 0.47% | +0.21 |
| TEL Te Connectivity PLC | Add +79.4% | 0.47% | +0.20 |
| CAH Cardinal Health Inc. | Add +38.9% | 0.48% | +0.20 |
| C Citigroup Inc. | Add +10.9% | 1.11% | +0.19 |
| HBM Hudbay Minerals Inc. | Add +92.2% | 0.32% | +0.18 |
| LLY Eli Lilly & Co. | Add +26.3% | 0.46% | +0.18 |
| AMT American Tower Corp. | Add +533.5% | 0.20% | +0.16 |
| AVGO Broadcom Inc. | Add +17.2% | 1.20% | +0.16 |
| KLAC KLA Corp. | Add +174.2% | 0.25% | +0.16 |
| GFI Gold Fields Ltd.-Spons ADR | Add +13131.7% | 0.15% | +0.15 |
| MRVL Marvell Technology Inc. | Add +2011.8% | 0.15% | +0.15 |
| VLO Valero Energy Corp. | Add +351.1% | 0.19% | +0.14 |
| UBS UBS Group AG-Reg | Add +5.3% | 1.24% | +0.14 |
| LRCX Lam Research Corp. | Add +8.5% | 0.60% | +0.14 |
| MNST Monster Beverage Corp. | Add +454.8% | 0.17% | +0.14 |
| GM General Motors Co. | Add +159.3% | 0.20% | +0.14 |
| ROST Ross Stores Inc. | Add +1666.3% | 0.15% | +0.14 |
| AU Anglogold Ashanti PLC | Add +9.6% | 0.64% | +0.13 |
| ANET Arista Networks Inc. | Add +94.6% | 0.33% | +0.13 |
| ABNB Airbnb Inc. Class A | Add +12.0% | 0.80% | +0.12 |
| ASX Ase Technology Holding -ADR | Add +159.4% | 0.17% | +0.12 |
| TER Teradyne Inc. | Add +803.5% | 0.13% | +0.12 |
| DB Deutsche Bank AG-Registered | Add +5.8% | 1.27% | +0.12 |
| TSEM Tower Semiconductor Ltd. | Add +66454.5% | 0.11% | +0.11 |
| MDT Medtronic PLC | Add +116.4% | 0.22% | +0.11 |
| MSI Motorola Solutions Inc. | Add +93.2% | 0.33% | +0.11 |
| VALE Vale SA-SP ADR | Add +9375.2% | 0.11% | +0.11 |
| PLD Prologis Inc. | Add +145.8% | 0.17% | +0.10 |
Notes & Other Activity Q3 2025 → Q4 2025
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | Sold out | 10,367 | $16Kbefore exit |
| LGL.WS LGL Group Inc./the -CW25 | *W EXP 11/16/202 | Sold out | 107 | $0before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |