Adage Capital Partners Gp, L.L.C.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Adage Capital Partners Gp, L.L.C. reported 856 stock positions worth $63.1 billion. Its top holding was Nvidia (NVDA) at 6.7% of the portfolio, followed by Microsoft (MSFT, 5.6%) and Apple (AAPL, 5.4%). Compared with Q2 2025, it opened 157 new positions, sold out of 129, added to 302 and reduced 363. The biggest buy was a new position in Chevron (CVX) and the biggest sale an exit from Hess (HES).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001165408
Portfolio Value
$63.1B (Q3 2025)
SEC Filing
0001172661-25-004959 ↗ filed Nov 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 Q2 2025 Q3 2025: $63.1B $63.1B Q3 2025 Q4 2025: $66.0B Q4 2025 Q1 2026: $64.7B Q1 2026 Q2 2026: $71.3B Q2 2026

Holdings 856 stocks · $63.1B

NVDA Nvidia Corp. 6.65% 22,508,110 $4.2B Reduce -0.1%
MSFT Microsoft Corp. 5.56% 6,780,343 $3.5B Reduce -1.5%
AAPL Apple Inc. 5.39% 13,366,654 $3.4B Reduce -0.3%
AMZN Amazon.com Inc. 3.24% 9,326,360 $2.0B Add +3.0%
META Meta Platforms Inc. Class A 2.32% 1,996,335 $1.5B Reduce -0.6%
AVGO Broadcom Inc. 2.20% 4,204,756 $1.4B Reduce -0.4%
GOOGL Alphabet Inc. Class A 2.04% 5,289,700 $1.3B Reduce -0.6%
TSLA Tesla Inc. 1.73% 2,452,500 $1.1B Reduce -2.6%
GOOG Alphabet Inc. Class C 1.67% 4,321,520 $1.1B Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B 1.31% 1,645,469 $827.2M Reduce -1.0%
JPM JPMorgan Chase & Co. 1.22% 2,438,466 $769.2M Reduce -2.3%
LLY Eli Lilly & Co. 0.98% 806,866 $615.6M Reduce -4.2%
PG The Procter & Gamble Co. 0.92% 3,785,073 $581.6M Add +29.2%
COP Conocophillips 0.89% 5,932,377 $561.1M Add +29.9%
V Visa Inc. Class A 0.83% 1,532,540 $523.2M Reduce -6.3%
CVX Chevron Corp. 0.81% 3,284,841 $510.1M New
HD Home Depot Inc. 0.75% 1,160,756 $470.3M Reduce -19.5%
NFLX Netflix Inc. 0.70% 370,133 $443.8M Reduce -6.0%
ORCL Oracle Corp. 0.70% 1,567,016 $440.7M Reduce -4.7%
ABBV Abbvie Inc. 0.68% 1,844,792 $427.1M Add +14.0%
MA Mastercard Inc. Class A 0.67% 746,610 $424.7M Add +2.9%
RPRX Royalty Pharma PLC Class A 0.67% 11,965,633 $422.1M Add +99.4%
JNJ Johnson & Johnson 0.66% 2,263,657 $419.7M Add +69.4%
WMT Walmart Inc. 0.65% 3,973,526 $409.5M Reduce -13.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.60% 7,316,673 $377.5M Reduce -0.8%
PLTR Palantir Technologies Inc. Class A 0.60% 2,068,100 $377.3M Add +6.2%
COST Costco Wholesale Corp. 0.57% 390,277 $361.3M Add +12.2%
DOV Dover Corp. 0.55% 2,098,002 $350.0M Reduce -11.7%
ABT Abbott Laboratories 0.49% 2,296,987 $307.7M Add +43.8%
JCI Johnson Controls Internation 0.44% 2,552,642 $280.7M Add +51.4%
CSCO Cisco Systems Inc. 0.44% 4,101,021 $280.6M Reduce -4.6%
TMO Thermo Fisher Scientific Inc. 0.41% 538,880 $261.4M Add +65.4%
CRM Salesforce Inc. 0.41% 1,094,339 $259.4M Add +6.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.41% 917,142 $258.8M Reduce -6.5%
UNH Unitedhealth Group Inc. 0.39% 721,251 $249.0M Reduce -6.3%
GE General Electric filed as GE AEROSPACE 0.39% 817,730 $246.0M Reduce -0.3%
CNTA Centessa Pharmaceuticals Ltd. 0.39% 10,035,000 $243.3M Add +19.4%
WFC Wells Fargo & Co. 0.37% 2,790,896 $233.9M Reduce -5.4%
XOM Exxon Mobil Corp. 0.37% 2,051,952 $231.4M Reduce -41.4%
AON Aon PLC Class A 0.36% 646,069 $230.4M Add +113.7%
PM Philip Morris International 0.36% 1,415,454 $229.6M Reduce -0.7%
HUBB Hubbell Inc. 0.36% 522,872 $225.0M Reduce -45.9%
AMD Advanced Micro Devices 0.36% 1,386,594 $224.3M Reduce -0.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.35% 1,934,925 $221.5M Add +0.7%
KO The Coca-Cola Co. 0.33% 3,180,182 $210.9M Reduce -10.4%
MDT Medtronic PLC 0.33% 2,180,517 $207.7M Add +20.8%
MU Micron Technology Inc. 0.31% 1,177,603 $197.0M Reduce -0.5%
T AT&T Inc. 0.31% 6,952,239 $196.3M Reduce -9.3%
OVV Ovintiv Inc. 0.31% 4,812,109 $194.3M Add +28.7%
NEE Nextera Energy Inc. 0.31% 2,572,613 $194.2M Add +17.7%
GS Goldman Sachs Group Inc. 0.31% 243,309 $193.8M Add +0.2%
VRTX Vertex Pharmaceuticals Inc. 0.30% 482,495 $189.0M Add +170.8%
MCD McDonald's Corp. 0.30% 616,402 $187.3M Add +21.0%
LRCX Lam Research Corp. 0.30% 1,397,320 $187.1M Reduce -0.8%
LIN Linde PLC 0.29% 390,435 $185.5M Reduce -1.2%
INSM Insmed Inc. 0.29% 1,252,503 $180.4M Reduce -56.2%
VNOM Viper Energy Inc. Class A 0.28% 4,686,701 $179.1M New
APP AppLovin Corp. Class A 0.28% 246,200 $176.9M New
UBER Uber Technologies Inc. 0.28% 1,797,235 $176.1M Add +8.0%
BA The Boeing Co. 0.28% 805,236 $173.8M Reduce -10.0%
NOW ServiceNow Inc. 0.26% 179,100 $164.8M Reduce -2.2%
VZ Verizon Communications Inc. 0.26% 3,731,372 $164.0M Add +2.3%
PEP Pepsico Inc. 0.26% 1,164,979 $163.6M Reduce -3.8%
LBRDK Liberty Broadband-C 0.26% 2,538,267 $161.3M Add +301.3%
DVN Devon Energy Corp. 0.26% 4,597,892 $161.2M Add +0.7%
FERG Ferguson Enterprises Inc. 0.25% 712,091 $159.9M Add +90.3%
INTU Intuit Inc. 0.25% 233,700 $159.6M Reduce -15.4%
SCHW Schwab (charles) Corp. 0.25% 1,663,639 $158.8M Reduce -13.1%
NSC Norfolk Southern Corp. 0.25% 522,857 $157.1M Reduce -24.9%
QCOM Qualcomm Inc. 0.25% 943,721 $157.0M Reduce -1.2%
C Citigroup Inc. 0.25% 1,543,986 $156.7M Reduce -9.8%
CAT Caterpillar Inc. 0.25% 327,324 $156.2M Add +100.1%
MS Morgan Stanley 0.24% 964,234 $153.3M Reduce -11.2%
GILD Gilead Sciences Inc. 0.24% 1,355,248 $150.4M Reduce -6.7%
ROST Ross Stores Inc. 0.24% 982,786 $149.8M Add +84.6%
GEV GE Vernova Inc. 0.23% 240,499 $147.9M Add +1.9%
SRE Sempra 0.23% 1,643,370 $147.9M Add +175.1%
LOW Lowe's Cos Inc. 0.22% 563,105 $141.5M Add +90.0%
CVS CVS Health Corp. 0.22% 1,871,399 $141.1M Add +16.3%
BLK BlackRock Inc. 0.22% 120,980 $141.0M Reduce -2.7%
BKNG Booking Holdings Inc. 0.22% 25,900 $139.8M Reduce -5.0%
ISRG Intuitive Surgical Inc. 0.22% 310,983 $139.1M Reduce -15.9%
AXP American Express Co. 0.22% 418,088 $138.9M Add +1.6%
CYBR Cyberark Software Ltd./Israel 0.22% 287,232 $138.8M New
TXN Texas Instruments Inc. 0.22% 754,144 $138.6M Add +2.7%
AMAT Applied Materials Inc. 0.22% 669,726 $137.1M Reduce -16.9%
SPGI S&P Global Inc. 0.22% 280,720 $136.6M Reduce -14.4%
ACN Accenture PLC Class A 0.21% 546,422 $134.7M Add +4.4%
INTC Intel Corp. 0.21% 4,015,285 $134.7M Add +0.5%
APH Amphenol Corp. Class A 0.21% 1,087,720 $134.6M Reduce -1.1%
RTX RTX Corp. 0.21% 801,035 $134.0M Reduce -29.0%
MTDR Matador Resources Co. 0.21% 2,980,997 $133.9M Add +16.6%
ETNB 89BIO Inc. 0.21% 9,097,587 $133.7M Add +362.0%
BSX Boston Scientific Corp. 0.21% 1,347,416 $131.5M Reduce -34.4%
ANET Arista Networks Inc. 0.21% 897,200 $130.7M Add +3.3%
ADBE Adobe Inc. 0.20% 365,778 $129.0M Add +1.1%
PRAX Praxis Precision Medicines I 0.20% 2,374,085 $125.8M Add +20.2%
GD General Dynamics Corp. 0.19% 359,215 $122.5M Add +43.5%
WM Waste Management Inc. 0.19% 552,892 $122.1M Reduce -22.9%
VTR Ventas Inc. 0.19% 1,719,700 $120.4M Reduce -1.4%

Show all 856 holdings

Other holdings (16): bonds, preferreds, convertibles and warrants · $12.9M (not counted above)
SecurityClassShares / PrincipalValueChange
KOSMOS ENERGY LTD (KOS 3.125 03/15/30) NOTE 3.125% 3/1 · principal 17,500,000$11.1MNo change
LZM.WS Lifezone Metals Ltd. -28 *W EXP 07/05/202 933,579$588KReduce -24.2%
BGLWW Blue Gold Ltd. *W EXP 04/01/203 875,000$400KReduce -2.8%
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 125,000$264KReduce -81.5%
RVMDW Revolution Medicines Inc.-28 *W EXP 12/17/202 500,000$150KNo change
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 455,767$109KNew
CLSKW Cleanspark Inc.-29 *W EXP 12/29/202 150,000$72KReduce -24.1%
NUVB.WS Nuvation Bio Inc. -CW27 *W EXP 02/10/202 266,666$54KNo change
PDYNW Sarcos Technology -CW27 *W EXP 09/24/202 250,000$50KReduce -31.3%
ZEOWW Esgen Acquisition A -CW23 *W EXP 03/13/202 760,000$42KNo change
ASBPW Aspire Biopharma Holdin-CW27 *W EXP 02/14/203 1,050,000$31KNo change
BDMDW Baird Medical Investment -28 *W EXP 10/01/202 375,000$29KNo change
BRLSW Oxus Acquisition Corp. -CW23 *W EXP 02/07/202 235,753$18KNo change
KIDZW Classover Holdings Inc. - 30 *W EXP 04/03/203 176,533$14KReduce -54.4%
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: $63.1B.

Portfolio Sells Q2 2025 → Q3 2025

HES Hess Corp. Sold out 0.00% −2.28
SLNO Soleno Therapeutics Inc. Reduce -60.8% 0.15% −0.35
HUBB Hubbell Inc. Reduce -45.9% 0.36% −0.31
ARGX Argenx SE - ADR Sold out 0.00% −0.28
XOM Exxon Mobil Corp. Reduce -41.4% 0.37% −0.27
STR Sitio Royalties Corp. Class A Sold out 0.00% −0.21
MSFT Microsoft Corp. Reduce -1.5% 5.56% −0.21
INSM Insmed Inc. Reduce -56.2% 0.29% −0.20
CMG Chipotle Mexican Grill Inc. Reduce -57.4% 0.08% −0.20
ANSS Ansys Inc. Sold out 0.00% −0.19
NFLX Netflix Inc. Reduce -6.0% 0.70% −0.19
FYBR Frontier Communications Pare Reduce -86.9% 0.03% −0.18
DOV Dover Corp. Reduce -11.7% 0.55% −0.18
META Meta Platforms Inc. Class A Reduce -0.6% 2.32% −0.18
CSX CSX Corp. Reduce -57.6% 0.13% −0.17
PANW Palo Alto Networks Inc. Reduce -83.5% 0.03% −0.16
BSX Boston Scientific Corp. Reduce -34.4% 0.21% −0.16
DHR Danaher Corp. Reduce -44.6% 0.17% −0.16
V Visa Inc. Class A Reduce -6.3% 0.83% −0.15
HD Home Depot Inc. Reduce -19.5% 0.75% −0.15
ASND Ascendis Pharma A/S Sold out 0.00% −0.13
CL Colgate-Palmolive Co. Reduce -66.7% 0.05% −0.13
LLY Eli Lilly & Co. Reduce -4.2% 0.98% −0.13
VRNA Verona Pharma Ltd. Sold out 0.00% −0.13
MDGL Madrigal Pharmaceuticals Inc. Reduce -76.5% 0.06% −0.13
BRO Brown & Brown Inc. Sold out 0.00% −0.13
AJG Arthur J Gallagher & Co. Reduce -40.7% 0.14% −0.12
ISRG Intuitive Surgical Inc. Reduce -15.9% 0.22% −0.12
IONS Ionis Pharmaceuticals Inc. Reduce -65.4% 0.14% −0.12
INTU Intuit Inc. Reduce -15.4% 0.25% −0.11
SO The Southern Co. Reduce -70.2% 0.05% −0.11
TXT Textron Inc. Reduce -78.3% 0.03% −0.11
WMT Walmart Inc. Reduce -13.0% 0.65% −0.10
THG Hanover Insurance Group Inc./ Reduce -64.5% 0.06% −0.10
VNOM Viper Energy Inc. Sold out 0.00% −0.10
AWI Armstrong World Industries Reduce -54.8% 0.10% −0.10
ADP Automatic Data Processing Reduce -39.9% 0.11% −0.10
SKX Skechers USA Inc. Class A Sold out 0.00% −0.09
ED Consolidated Edison Inc. Sold out 0.00% −0.09
KO The Coca-Cola Co. Reduce -10.4% 0.33% −0.09
EQT Eqt Corp. Sold out 0.00% −0.09
MMM 3M Co. Reduce -53.8% 0.07% −0.09
PNR Pentair PLC Sold out 0.00% −0.08
WM Waste Management Inc. Reduce -22.9% 0.19% −0.08
APGE Apogee Therapeutics Inc. Reduce -81.8% 0.01% −0.08
ALAB Astera Labs Inc. Reduce -94.3% 0.01% −0.08
IBM Intl Business Machines Corp. Reduce -6.5% 0.41% −0.08
MCK McKesson Corp. Reduce -40.3% 0.11% −0.08
SPGI S&P Global Inc. Reduce -14.4% 0.22% −0.08
PM Philip Morris International Reduce -0.7% 0.36% −0.07

Portfolio Buys Q2 2025 → Q3 2025

CVX Chevron Corp. New 0.81% +0.81
JNJ Johnson & Johnson Add +69.4% 0.66% +0.32
RPRX Royalty Pharma PLC Class A Add +99.4% 0.67% +0.30
VNOM Viper Energy Inc. Class A New 0.28% +0.28
APP AppLovin Corp. Class A New 0.28% +0.28
CYBR Cyberark Software Ltd./Israel New 0.22% +0.22
CNTA Centessa Pharmaceuticals Ltd. Add +19.4% 0.39% +0.20
COP Conocophillips Add +29.9% 0.89% +0.20
TMO Thermo Fisher Scientific Inc. Add +65.4% 0.41% +0.19
DE Deere & Co. New 0.18% +0.18
AON Aon PLC Class A Add +113.7% 0.36% +0.18
ETNB 89BIO Inc. Add +362.0% 0.21% +0.18
ABBV Abbvie Inc. Add +14.0% 0.68% +0.17
VRTX Vertex Pharmaceuticals Inc. Add +170.8% 0.30% +0.17
HOOD Robinhood Markets Inc. Class A New 0.16% +0.16
SRE Sempra Add +175.1% 0.23% +0.16
LBRDK Liberty Broadband-C Add +301.3% 0.26% +0.15
PLTR Palantir Technologies Inc. Class A Add +6.2% 0.60% +0.15
JCI Johnson Controls Internation Add +51.4% 0.44% +0.14
CAT Caterpillar Inc. Add +100.1% 0.25% +0.14
PG The Procter & Gamble Co. Add +29.2% 0.92% +0.13
ROIV Roivant Sciences Ltd. Add +247.3% 0.17% +0.13
ABVX Abivax SA-ADR New 0.13% +0.13
ROST Ross Stores Inc. Add +84.6% 0.24% +0.12
ABT Abbott Laboratories Add +43.8% 0.49% +0.12
FERG Ferguson Enterprises Inc. Add +90.3% 0.25% +0.12
LOW Lowe's Cos Inc. Add +90.0% 0.22% +0.11
RBA RB Global Inc. Add +119.3% 0.19% +0.10
HON Honeywell International Inc. Add +160.5% 0.18% +0.10
DAL Delta Air Lines Inc. Add +162.3% 0.15% +0.10
HUBS HubSpot Inc. New 0.09% +0.09
CRH CRH PLC New 0.09% +0.09
IDYA Ideaya Biosciences Inc. Add +134.2% 0.13% +0.08
ALL Allstate Corp. Add +214.6% 0.11% +0.08
EXE Expand Energy Corp. Add +241.3% 0.11% +0.07
GD General Dynamics Corp. Add +43.5% 0.19% +0.07
CB Chubb Ltd. Add +73.4% 0.18% +0.07
OVV Ovintiv Inc. Add +28.7% 0.31% +0.07
WCC Wesco International Inc. Add +241.6% 0.09% +0.07
AME Ametek Inc. New 0.07% +0.07
TVTX Travere Therapeutics Inc. Add +27.6% 0.13% +0.07
B Barrick Mining Corp. New 0.06% +0.06
WSC Willscot Holdings Corp. New 0.06% +0.06
MDT Medtronic PLC Add +20.8% 0.33% +0.06
MNRO Monro Inc. New 0.06% +0.06
INTC Intel Corp. Add +0.5% 0.21% +0.06
ACAD Acadia Pharmaceuticals Inc. Add +311.4% 0.08% +0.06
NI Nisource Inc. Add +208.2% 0.09% +0.06
JHX James Hardie Ind PLC New 0.06% +0.06
PRAX Praxis Precision Medicines I Add +20.2% 0.20% +0.06

Notes & Other Activity Q2 2025 → Q3 2025

LZM.WS Lifezone Metals Ltd. -28 *W EXP 07/05/202 Reduce -24.2% 933,579 $588K
BGLWW Blue Gold Ltd. *W EXP 04/01/203 Reduce -2.8% 875,000 $400K
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 Reduce -81.5% 125,000 $264K
EVAC.WS Eqv Ventures Acquisition Cor *W EXP 06/30/203 New 455,767 $109K
CLSKW Cleanspark Inc.-29 *W EXP 12/29/202 Reduce -24.1% 150,000 $72K
PDYNW Sarcos Technology -CW27 *W EXP 09/24/202 Reduce -31.3% 250,000 $50K
KIDZW Classover Holdings Inc. - 30 *W EXP 04/03/203 Reduce -54.4% 176,533 $14K

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