Adage Capital Partners Gp, L.L.C.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Adage Capital Partners Gp, L.L.C. reported 828 stock positions worth $59.3 billion. Its top holding was Nvidia (NVDA) at 6.0% of the portfolio, followed by Microsoft (MSFT, 5.8%) and Apple (AAPL, 4.6%). Compared with Q1 2025, it opened 133 new positions, sold out of 126, added to 326 and reduced 321. The biggest buy was Nvidia (NVDA, shares +0%) and the biggest sale Apple (AAPL, shares −1%).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001165408
Portfolio Value
$59.3B (Q2 2025)
SEC Filing
0001172661-25-003279 ↗ filed Aug 14, 2025

Holdings Value

0$20.0B$40.0B$60.0B$80.0B Q1 2024: $52.9B Q1 2024 Q2 2024: $54.0B Q2 2024 Q3 2024: $56.6B Q3 2024 Q4 2024: $57.2B Q4 2024 Q1 2025: $54.0B Q1 2025 Q2 2025: $59.3B $59.3B Q2 2025 Q3 2025: $63.1B Q3 2025 Q4 2025: $66.0B Q4 2025 Q1 2026: $64.7B Q1 2026 Q2 2026: $71.3B Q2 2026

Holdings 828 stocks · $59.3B

NVDA Nvidia Corp. 6.00% 22,538,210 $3.6B Add +0.2%
MSFT Microsoft Corp. 5.77% 6,883,743 $3.4B Add +1.6%
AAPL Apple Inc. 4.64% 13,410,379 $2.8B Reduce -1.5%
AMZN Amazon.com Inc. 3.35% 9,056,760 $2.0B Add +6.4%
META Meta Platforms Inc. Class A 2.50% 2,008,535 $1.5B Reduce -5.8%
HES Hess Corp. 2.28% 9,763,746 $1.4B Reduce -5.2%
AVGO Broadcom Inc. 1.96% 4,222,156 $1.2B Add +3.7%
GOOGL Alphabet Inc. Class A 1.58% 5,320,500 $937.6M Add +0.6%
BRK.B Berkshire Hathaway Inc. Class B 1.36% 1,661,783 $807.2M Add +4.7%
TSLA Tesla Inc. 1.35% 2,517,300 $799.6M Reduce -0.6%
GOOG Alphabet Inc. Class C 1.29% 4,329,920 $768.1M Add +2.2%
JPM JPMorgan Chase & Co. 1.22% 2,495,366 $723.4M Reduce -1.0%
LLY Eli Lilly & Co. 1.11% 841,810 $656.2M Add +13.5%
V Visa Inc. Class A 0.98% 1,635,840 $580.8M Reduce -2.8%
HD Home Depot Inc. 0.89% 1,441,468 $528.5M Add +18.4%
NFLX Netflix Inc. 0.89% 393,733 $527.3M Add +2.9%
PG The Procter & Gamble Co. 0.79% 2,929,373 $466.7M Add +20.7%
WMT Walmart Inc. 0.75% 4,569,326 $446.8M Add +14.4%
DOV Dover Corp. 0.73% 2,376,279 $435.4M Add +10.6%
COP Conocophillips 0.69% 4,565,154 $409.7M Add +18.0%
MA Mastercard Inc. Class A 0.69% 725,310 $407.6M Add +0.5%
HUBB Hubbell Inc. 0.66% 965,728 $394.4M Reduce -1.0%
XOM Exxon Mobil Corp. 0.64% 3,499,822 $377.3M Reduce -13.7%
ORCL Oracle Corp. 0.61% 1,644,716 $359.6M Reduce -7.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.59% 7,376,673 $349.1M Add +9.5%
COST Costco Wholesale Corp. 0.58% 347,877 $344.4M Reduce -9.0%
ABBV Abbvie Inc. 0.51% 1,618,841 $300.5M Reduce -10.0%
SLNO Soleno Therapeutics Inc. 0.50% 3,575,964 $299.6M Reduce -18.6%
CSCO Cisco Systems Inc. 0.50% 4,300,721 $298.4M Reduce -2.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.49% 981,190 $289.2M Add +9.8%
INSM Insmed Inc. 0.48% 2,859,452 $287.8M Reduce -17.0%
CRM Salesforce Inc. 0.47% 1,028,739 $280.5M Add +23.5%
PLTR Palantir Technologies Inc. Class A 0.45% 1,948,200 $265.6M Add +4.2%
PM Philip Morris International 0.44% 1,425,654 $259.7M Add +0.5%
KO The Coca-Cola Co. 0.42% 3,547,882 $251.0M Add +15.0%
UNH Unitedhealth Group Inc. 0.40% 770,012 $240.2M Reduce -15.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.40% 1,921,525 $238.3M Reduce -9.5%
WFC Wells Fargo & Co. 0.40% 2,950,512 $236.4M Add +4.2%
T AT&T Inc. 0.37% 7,665,439 $221.8M Add +6.2%
BSX Boston Scientific Corp. 0.37% 2,055,365 $220.8M Reduce -20.7%
INTU Intuit Inc. 0.37% 276,100 $217.5M Reduce -18.3%
ABT Abbott Laboratories 0.37% 1,597,715 $217.3M Add +12.7%
RPRX Royalty Pharma PLC Class A 0.36% 6,000,000 $216.2M Reduce -4.0%
GE General Electric filed as GE AEROSPACE 0.36% 820,130 $211.1M Add +2.8%
JNJ Johnson & Johnson 0.34% 1,336,570 $204.2M Add +4.5%
ISRG Intuitive Surgical Inc. 0.34% 369,584 $200.8M Reduce -4.4%
DHR Danaher Corp. 0.33% 1,002,895 $198.1M Add +2.2%
AMD Advanced Micro Devices 0.33% 1,395,994 $198.1M Add +3.6%
NOW ServiceNow Inc. 0.32% 183,100 $188.2M Add +8.4%
BA The Boeing Co. 0.32% 894,774 $187.5M Add +6.8%
LIN Linde PLC 0.31% 395,135 $185.4M Reduce -9.0%
NSC Norfolk Southern Corp. 0.30% 696,125 $178.2M Reduce -11.9%
JCI Johnson Controls Internation 0.30% 1,686,361 $178.1M Add +179.9%
CSX CSX Corp. 0.30% 5,367,266 $175.1M Add +217.6%
SCHW Schwab (charles) Corp. 0.29% 1,914,339 $174.7M Reduce -12.3%
SPGI S&P Global Inc. 0.29% 328,020 $173.0M Add +18.8%
GS Goldman Sachs Group Inc. 0.29% 242,809 $171.8M Reduce -9.9%
RTX RTX Corp. 0.28% 1,128,557 $164.8M Reduce -25.9%
WM Waste Management Inc. 0.28% 716,676 $164.0M Reduce -28.3%
ARGX Argenx SE - ADR 0.28% 297,113 $163.8M Add +114.3%
GILD Gilead Sciences Inc. 0.27% 1,453,232 $161.1M Add +10.1%
CMG Chipotle Mexican Grill Inc. 0.27% 2,865,034 $160.9M Add +64.5%
PEP Pepsico Inc. 0.27% 1,210,779 $159.9M Reduce -2.0%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.27% 494,603 $158.3M Add +72.3%
VZ Verizon Communications Inc. 0.27% 3,648,672 $157.9M Reduce -9.4%
BKNG Booking Holdings Inc. 0.27% 27,250 $157.8M Reduce -19.1%
MDT Medtronic PLC 0.27% 1,804,697 $157.3M Add +4.5%
ACN Accenture PLC Class A 0.26% 523,422 $156.4M Reduce -3.1%
UBER Uber Technologies Inc. 0.26% 1,663,900 $155.2M Add +15.9%
MS Morgan Stanley 0.26% 1,085,434 $152.9M Add +0.7%
TXN Texas Instruments Inc. 0.26% 734,444 $152.5M Add +5.7%
QCOM Qualcomm Inc. 0.26% 954,921 $152.1M Reduce -3.4%
NEE Nextera Energy Inc. 0.26% 2,185,513 $151.7M Add +181.9%
IONS Ionis Pharmaceuticals Inc. 0.25% 3,800,000 $150.1M Add +253.3%
MCD McDonald's Corp. 0.25% 509,402 $148.8M Reduce -22.1%
AMAT Applied Materials Inc. 0.25% 806,126 $147.6M Add +1.0%
MU Micron Technology Inc. 0.25% 1,183,503 $145.9M Add +1.1%
C Citigroup Inc. 0.25% 1,711,686 $145.7M Reduce -0.3%
DVN Devon Energy Corp. 0.24% 4,568,092 $145.3M Add +83.9%
OVV Ovintiv Inc. 0.24% 3,739,237 $142.3M Add +143.8%
ADBE Adobe Inc. 0.24% 361,878 $140.0M Reduce -14.2%
LRCX Lam Research Corp. 0.23% 1,407,920 $137.0M Reduce -0.3%
PGR Progressive Corp. 0.23% 511,885 $136.6M Add +2.1%
TMO Thermo Fisher Scientific Inc. 0.22% 325,724 $132.1M Add +39.5%
AXP American Express Co. 0.22% 411,388 $131.2M Reduce -11.1%
EQIX Equinix Inc. 0.22% 164,468 $130.8M Reduce -2.5%
BLK BlackRock Inc. 0.22% 124,380 $130.5M Add +15.9%
GEV GE Vernova Inc. 0.21% 235,999 $124.9M Add +11.0%
STR Sitio Royalties Corp. Class A 0.21% 6,783,254 $124.7M Add +8.4%
FYBR Frontier Communications Pare 0.21% 3,386,829 $123.3M Reduce -22.6%
ADP Automatic Data Processing 0.21% 396,776 $122.4M Reduce -5.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.21% 988,248 $122.0M Add +34.7%
MTDR Matador Resources Co. 0.21% 2,556,472 $122.0M Add +143.1%
SWX Southwest Gas Holdings Inc. 0.20% 1,620,000 $120.5M Add +4.5%
COF Capital One Financial Corp. 0.20% 565,828 $120.4M New
K Kellanova 0.20% 1,513,583 $120.4M Add +39.9%
PFE Pfizer Inc. 0.20% 4,960,256 $120.2M Add +99.1%
AWI Armstrong World Industries 0.20% 737,000 $119.7M Add +121.3%
TMUS T-Mobile US Inc. 0.20% 501,734 $119.5M Add +26.3%
ANSS Ansys Inc. 0.19% 328,434 $115.4M Reduce -22.6%

Show all 828 holdings

Other holdings (15): bonds, preferreds, convertibles and warrants · $13.6M (not counted above)
SecurityClassShares / PrincipalValueChange
KOSMOS ENERGY LTD (KOS 3.125 03/15/30) NOTE 3.125% 3/1 · principal 17,500,000$12.0MNo change
LZM.WS Lifezone Metals Ltd. -28 *W EXP 07/05/202 1,231,797$477KNo change
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 675,000$263KNo change
BGLWW Blue Gold Ltd. *W EXP 04/01/203 900,000$171KNew
PDYNW Sarcos Technology -CW27 *W EXP 09/24/202 364,088$139KReduce -14.9%
RVMDW Revolution Medicines Inc.-28 *W EXP 12/17/202 500,000$131KNo change
CLSKW Cleanspark Inc.-29 *W EXP 12/29/202 197,751$84KReduce -24.3%
NUVB.WS Nuvation Bio Inc. -CW27 *W EXP 02/10/202 266,666$72KNo change
KIDZW Classover Holdings Inc. - 30 *W EXP 04/03/203 387,153$51KNew
ZEOWW Esgen Acquisition A -CW23 *W EXP 03/13/202 760,000$49KNo change
ASBPW Aspire Biopharma Holdin-CW27 *W EXP 02/14/203 1,050,000$47KNo change
BDMDW Baird Medical Investment -28 *W EXP 10/01/202 375,000$30KNo change
BRLSW Oxus Acquisition Corp. -CW23 *W EXP 02/07/202 235,753$21KNo change
BAERW Wildfire New Pubco Inc.-27 *W EXP 01/24/202 183,333$14KNo change
LANWF Lanvin Group Holdings Ltd.-27 *W EXP 01/14/202 64,733$1KNo change

Total filed on the 13F, all lines: $59.3B.

Portfolio Sells Q1 2025 → Q2 2025

AAPL Apple Inc. Reduce -1.5% 4.64% −0.97
HES Hess Corp. Reduce -5.2% 2.28% −0.77
UNH Unitedhealth Group Inc. Reduce -15.8% 0.40% −0.48
MMM 3M Co. Reduce -65.0% 0.15% −0.31
VRTX Vertex Pharmaceuticals Inc. Reduce -63.6% 0.13% −0.31
DFS Discover Financial Services Sold out 0.00% −0.30
XOM Exxon Mobil Corp. Reduce -13.7% 0.64% −0.26
WCC Wesco International Inc. Reduce -90.6% 0.03% −0.22
BMY Bristol-Myers Squibb Co. Reduce -90.0% 0.02% −0.21
ABBV Abbvie Inc. Reduce -10.0% 0.51% −0.19
LOW Lowe's Cos Inc. Reduce -56.9% 0.11% −0.19
MET Metlife Inc. Sold out 0.00% −0.18
CB Chubb Ltd. Reduce -51.5% 0.12% −0.16
HIG Hartford Insurance Group Inc. Reduce -78.9% 0.04% −0.16
WM Waste Management Inc. Reduce -28.3% 0.28% −0.15
MRK Merck & Co. Inc. Reduce -29.7% 0.19% −0.15
FANG Diamondback Energy Inc. Sold out 0.00% −0.14
ROST Ross Stores Inc. Reduce -50.7% 0.11% −0.14
WTW Willis Towers Watson PLC Sold out 0.00% −0.14
DUK Duke Energy Corp. Reduce -46.0% 0.12% −0.13
LBRDK Liberty Broadband-C Reduce -57.6% 0.10% −0.13
MCD McDonald's Corp. Reduce -22.1% 0.25% −0.13
EXC Exelon Corp. Sold out 0.00% −0.13
RCL Royal Caribbean Cruises Ltd. Reduce -64.5% 0.12% −0.12
MRSH Marsh & McLennan Cos Reduce -70.9% 0.04% −0.12
PODD Insulet Corp. Sold out 0.00% −0.12
V Visa Inc. Class A Reduce -2.8% 0.98% −0.11
HON Honeywell International Inc. Reduce -58.3% 0.08% −0.11
BSX Boston Scientific Corp. Reduce -20.7% 0.37% −0.11
DE Deere & Co. Sold out 0.00% −0.10
RBA RB Global Inc. Reduce -50.0% 0.09% −0.10
RTX RTX Corp. Reduce -25.9% 0.28% −0.10
ALNY Alnylam Pharmaceuticals Inc. Reduce -70.1% 0.05% −0.09
WY Weyerhaeuser Co. Reduce -94.1% 0.00% −0.09
COST Costco Wholesale Corp. Reduce -9.0% 0.58% −0.09
MCK McKesson Corp. Reduce -31.3% 0.18% −0.09
JANX Janux Therapeutics Inc. Reduce -30.9% 0.10% −0.08
FYBR Frontier Communications Pare Reduce -22.6% 0.21% −0.08
JNPR Juniper Networks Inc. Reduce -55.7% 0.06% −0.08
CACI Caci International Inc. Class A Sold out 0.00% −0.08
SLNO Soleno Therapeutics Inc. Reduce -18.6% 0.50% −0.08
X United States Steel Corp. Sold out 0.00% −0.08
CHX Championx Corp. Sold out 0.00% −0.08
SO The Southern Co. Reduce -25.4% 0.16% −0.07
PEP Pepsico Inc. Reduce -2.0% 0.27% −0.07
ITCI Intra-Cellular Therapies Inc. Sold out 0.00% −0.07
HSIC Henry Schein Inc. Sold out 0.00% −0.07
VZ Verizon Communications Inc. Reduce -9.4% 0.27% −0.07
EQT Eqt Corp. Reduce -44.5% 0.09% −0.07
KR Kroger Co. Reduce -42.9% 0.09% −0.07

Portfolio Buys Q1 2025 → Q2 2025

NVDA Nvidia Corp. Add +0.2% 6.00% +1.48
MSFT Microsoft Corp. Add +1.6% 5.77% +1.06
AVGO Broadcom Inc. Add +3.7% 1.96% +0.70
AMZN Amazon.com Inc. Add +6.4% 3.35% +0.35
NFLX Netflix Inc. Add +2.9% 0.89% +0.23
JCI Johnson Controls Internation Add +179.9% 0.30% +0.21
CSX CSX Corp. Add +217.6% 0.30% +0.20
COF Capital One Financial Corp. New 0.20% +0.20
IONS Ionis Pharmaceuticals Inc. Add +253.3% 0.25% +0.19
PLTR Palantir Technologies Inc. Class A Add +4.2% 0.45% +0.16
NEE Nextera Energy Inc. Add +181.9% 0.26% +0.15
ROP Roper Technologies Inc. New 0.14% +0.14
BRO Brown & Brown Inc. New 0.13% +0.13
ARGX Argenx SE - ADR Add +114.3% 0.28% +0.12
UNP Union Pacific Corp. Add +1178.3% 0.13% +0.12
OVV Ovintiv Inc. Add +143.8% 0.24% +0.12
RGA Reinsurance Group of America New 0.12% +0.12
TRV The Travelers Cos Inc. Add +258.5% 0.17% +0.12
AWI Armstrong World Industries Add +121.3% 0.20% +0.11
COIN Coinbase Global Inc. Class A New 0.11% +0.11
CMG Chipotle Mexican Grill Inc. Add +64.5% 0.27% +0.11
XYL Xylem Inc. New 0.11% +0.11
MTDR Matador Resources Co. Add +143.1% 0.21% +0.11
WMT Walmart Inc. Add +14.4% 0.75% +0.10
TXT Textron Inc. Add +270.7% 0.14% +0.10
SKX Skechers USA Inc. Class A New 0.09% +0.09
GEV GE Vernova Inc. Add +11.0% 0.21% +0.09
PFE Pfizer Inc. Add +99.1% 0.20% +0.09
AJG Arthur J Gallagher & Co. Add +72.3% 0.27% +0.08
HOLX Hologic Inc. New 0.08% +0.08
AMD Advanced Micro Devices Add +3.6% 0.33% +0.08
IBM Intl Business Machines Corp. Add +9.8% 0.49% +0.08
FERG Ferguson Enterprises Inc. Add +80.1% 0.14% +0.08
GEHC GE Healthcare Technology New 0.07% +0.07
MDGL Madrigal Pharmaceuticals Inc. Add +96.3% 0.19% +0.07
MRUS Merus NV New 0.07% +0.07
HCC Warrior Met Coal Inc. Add +130.4% 0.15% +0.07
DVN Devon Energy Corp. Add +83.9% 0.24% +0.07
AIG American International Group Add +462.9% 0.09% +0.07
HNI Hni Corp. Add +348.8% 0.09% +0.07
NBIX Neurocrine Biosciences Inc. New 0.07% +0.07
TXNM TXNM Energy Inc. Add +83.1% 0.17% +0.07
PTGX Protagonist Therapeutics Inc. Add +218.0% 0.10% +0.07
NOC Northrop Grumman Corp. Add +322.1% 0.09% +0.07
AXSM Axsome Therapeutics Inc. Add +831.3% 0.08% +0.07
NOW ServiceNow Inc. Add +8.4% 0.32% +0.07
GOOG Alphabet Inc. Class C Add +2.2% 1.29% +0.07
UBER Uber Technologies Inc. Add +15.9% 0.26% +0.07
BAC Bank of America Corp. Add +9.5% 0.59% +0.07
SR Spire Inc. Add +158.1% 0.12% +0.07

Options Activity Q1 2025 → Q2 2025

HUM Humana Inc. call Sold out 74,100 $19.6Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2025 → Q2 2025

BGLWW Blue Gold Ltd. *W EXP 04/01/203 New 900,000 $171K
PDYNW Sarcos Technology -CW27 *W EXP 09/24/202 Reduce -14.9% 364,088 $139K
CLSKW Cleanspark Inc.-29 *W EXP 12/29/202 Reduce -24.3% 197,751 $84K
KIDZW Classover Holdings Inc. - 30 *W EXP 04/03/203 New 387,153 $51K
ZAPWF Zapp Electric Vehicles -28 *W EXP 99/99/999 Sold out 897,838 $8Kbefore exit
IVAWF Investcorp India Acquisi -27 *W EXP 06/01/202 Sold out 1,012,500 $1Kbefore exit
SKGRW SK Growth Opportunities -29 *W EXP 06/28/202 Sold out 300,000 $300before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 915$71.3BNVDA, AAPL, MSFT, AMZN, GOOGL
Q1 2026 889$64.7BNVDA, AAPL, MSFT, AMZN, GOOGL
Q4 2025 872$66.0BNVDA, AAPL, MSFT, AMZN, GOOGL
Q3 2025 856$63.1BNVDA, MSFT, AAPL, AMZN, META
Q2 2025 828$59.3BNVDA, MSFT, AAPL, AMZN, META
Q1 2025 820$54.0BAAPL, MSFT, NVDA, HES, AMZN
Q4 2024 852$57.2BAAPL, NVDA, MSFT, AMZN, HES
Q3 2024 833$56.6BAAPL, MSFT, NVDA, AMZN, HES
Q2 2024 824$54.0BMSFT, NVDA, AAPL, AMZN, HES
Q1 2024 815$52.9BMSFT, AAPL, NVDA, AMZN, META