Headlands Technologies LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Headlands Technologies LLC reported 1,160 stock positions worth $995.3 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 4.6% of the portfolio, followed by Apple (AAPL, 3.5%) and Microsoft (MSFT, 2.9%). Compared with Q3 2024, it opened 538 new positions, sold out of 519, added to 326 and reduced 295. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale Palantir Technologies Class A (PLTR, shares −92%).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001570271
Portfolio Value
$995.3M (Q4 2024)
SEC Filing
0001570271-25-000008 ↗ filed Feb 12, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $416.3M Q1 2024 Q2 2024: $942.6M Q2 2024 Q3 2024: $869.8M Q3 2024 Q4 2024: $995.3M $995.3M Q4 2024 Q1 2025: $877.4M Q1 2025 Q2 2025: $835.2M Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $877.9M Q1 2026 Q2 2026: $942.5M Q2 2026

Holdings 1,160 stocks · $995.3M
SPY SS SPDR S&P 500 ETF Trust-US 4.56% 77,419 $45.4M Add +52.6%
AAPL Apple Inc. 3.52% 139,986 $35.1M Add +99.3%
MSFT Microsoft Corp. 2.91% 68,820 $29.0M Reduce -11.1%
AMZN Amazon.com Inc. 2.43% 110,113 $24.2M New
VOO Vanguard S&P 500 ETF 2.14% 39,561 $21.3M Add +80.2%
NVDA Nvidia Corp. 1.75% 129,519 $17.4M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.72% 389,064 $17.1M Add +61.1%
GOOG Alphabet Inc. Class C 1.52% 79,246 $15.1M Reduce -36.6%
IVV iShares Core S&P 500 ETF 1.17% 19,698 $11.6M Add +4.7%
CRM Salesforce Inc. 1.14% 33,814 $11.3M New
ACHR Archer Aviation Inc. Class A 1.11% 1,130,805 $11.0M New
QQQ Invesco QQQ Trust Series 1 1.02% 19,791 $10.1M New
CSX CSX Corp. 1.00% 308,781 $10.0M New
DHR Danaher Corp. 0.96% 41,824 $9.6M New
XOM Exxon Mobil Corp. 0.86% 79,407 $8.5M New
RKLB Rocket Lab USA Inc. 0.85% 332,320 $8.5M Add +4.0%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.84% 105,839 $8.3M New
CVX Chevron Corp. 0.83% 56,780 $8.2M New
VUG Vanguard Mrngstar GR ETF-Sui 0.82% 19,811 $8.1M Add +5849.3%
COP Conocophillips 0.72% 72,320 $7.2M Add +390.4%
TEAM Atlassian Corp. Class A 0.71% 28,969 $7.1M Reduce -38.4%
NFLX Netflix Inc. 0.70% 7,774 $6.9M Add +125.7%
ROST Ross Stores Inc. 0.69% 45,476 $6.9M Add +1.9%
ROP Roper Technologies Inc. 0.62% 11,820 $6.1M Add +1083.2%
LMT Lockheed Martin Corp. 0.57% 11,656 $5.7M Add +448.3%
GRAB Grab Holdings Ltd. Class A 0.55% 1,169,562 $5.5M Add +52.4%
WCN Waste Connections Inc. 0.54% 31,289 $5.4M Add +94.2%
XEL Xcel Energy Inc. 0.54% 79,188 $5.3M Add +39.5%
MSI Motorola Solutions Inc. 0.52% 11,242 $5.2M Add +789.4%
WTW Willis Towers Watson PLC 0.51% 16,360 $5.1M Add +524.9%
CDW CDW Corp. 0.51% 29,150 $5.1M New
MELI MercadoLibre Inc. 0.51% 2,964 $5.0M Add +92.5%
QQQM Invesco Nasdaq 100 ETF 0.50% 23,821 $5.0M Add +118.0%
KO The Coca-Cola Co. 0.50% 79,588 $5.0M New
DLTR Dollar Tree Inc. 0.47% 62,807 $4.7M Add +1485.2%
IONQ Ionq Inc. 0.47% 112,555 $4.7M Add +3653.1%
COO The Cooper Cos Inc. 0.47% 50,754 $4.7M Add +28.0%
LHX L3HARRIS Technologies Inc. 0.47% 22,149 $4.7M New
VRT Vertiv Holdings Co. Class A 0.46% 40,665 $4.6M New
SOUN Soundhound AI Inc. Class A 0.46% 232,246 $4.6M Reduce -46.8%
KDP Keurig Dr Pepper Inc. 0.46% 143,248 $4.6M Add +127.2%
CME Cme Group Inc. 0.46% 19,660 $4.6M Reduce -7.5%
UNH Unitedhealth Group Inc. 0.45% 8,785 $4.4M Add +295.4%
LUNR Intuitive Machines Inc. 0.45% 244,061 $4.4M Add +161529.8%
LRCX Lam Research Corp. 0.44% 60,592 $4.4M Reduce -32.9%
SCHW Schwab (charles) Corp. 0.44% 58,963 $4.4M New
BIIB Biogen Inc. 0.44% 28,377 $4.3M Add +2173.8%
EXC Exelon Corp. 0.43% 114,754 $4.3M New
NVR NVR Inc. 0.43% 525 $4.3M New
WFC Wells Fargo & Co. 0.42% 59,180 $4.2M Add +1.3%
MDLZ Mondelez International Inc. Class A 0.41% 68,785 $4.1M New
RSP Invesco S&P 500 Equal Weight 0.41% 23,290 $4.1M New
LPLA LPL Financial Holdings Inc. 0.41% 12,369 $4.0M Reduce -57.5%
LDOS Leidos Holdings Inc. 0.40% 27,670 $4.0M Add +333.6%
ORLY O'reilly Automotive Inc. 0.40% 3,341 $4.0M Add +2069.5%
AXON Axon Enterprise Inc. 0.40% 6,615 $3.9M New
MSCI MSCI Inc. 0.39% 6,479 $3.9M Add +63.4%
REGN Regeneron Pharmaceuticals 0.39% 5,391 $3.8M Reduce -3.6%
FERG Ferguson Enterprises Inc. 0.38% 22,058 $3.8M Reduce -21.9%
VTI VG Morningstar TS MKT ETF-US 0.38% 13,189 $3.8M Reduce -37.7%
CLS Celestica Inc. 0.38% 40,609 $3.7M Add +200.3%
NOC Northrop Grumman Corp. 0.38% 7,958 $3.7M Add +115.2%
EVRG Evergy Inc. 0.37% 60,351 $3.7M Reduce -7.0%
NDAQ Nasdaq Inc. 0.37% 47,865 $3.7M Add +808.6%
ICE Intercontinental Exchange Inc. 0.36% 24,336 $3.6M Add +64.3%
BECN Beacon Roofing Supply Inc. 0.36% 35,571 $3.6M Add +42.0%
WM Waste Management Inc. 0.36% 17,872 $3.6M Add +36.5%
CHX Championx Corp. 0.35% 128,814 $3.5M Add +83.0%
ACWI iShares MSCI Acwi ETF 0.34% 29,201 $3.4M Add +113.3%
AME Ametek Inc. 0.34% 18,520 $3.3M Reduce -27.0%
ADP Automatic Data Processing 0.33% 11,383 $3.3M New
NWSA News Corp. Class A 0.33% 120,927 $3.3M Add +55.6%
PCVX Vaxcyte Inc. 0.32% 39,417 $3.2M Add +41.9%
UBER Uber Technologies Inc. 0.32% 52,581 $3.2M Add +140.9%
PM Philip Morris International 0.32% 26,274 $3.2M Add +414.1%
MNDY Monday.com Ltd. 0.32% 13,423 $3.2M New
LKQ LKQ Corp. 0.31% 84,481 $3.1M Add +267.2%
BUD Anheuser-Busch Inbev-SPN ADR 0.31% 61,579 $3.1M Add +705.9%
SMR Nuscale Power Corp. 0.30% 167,309 $3.0M New
MNST Monster Beverage Corp. 0.30% 56,899 $3.0M New
KC Kingsoft Cloud Holdings-ADR 0.30% 285,076 $3.0M New
STLD Steel Dynamics Inc. 0.30% 25,844 $2.9M New
SQQQ Proshares TR 0.29% 93,839 $2.9M New
CTSH Cognizant Tech Solutions-A 0.29% 37,837 $2.9M Add +55.1%
INTC Intel Corp. 0.29% 143,043 $2.9M Add +664.1%
IT Gartner Inc. 0.29% 5,868 $2.8M Add +16665.7%
FCX Freeport-McMoran Inc. 0.28% 72,684 $2.8M New
ACGL Arch Capital Group Ltd. 0.28% 29,943 $2.8M Add +43.9%
PTON Peloton Interactive Inc. Class A 0.27% 312,340 $2.7M Add +1816.8%
IJH iShares Core S&P Midcap ETF 0.27% 42,813 $2.7M Add +17964.6%
ETN Eaton Corp. PLC 0.27% 8,003 $2.7M Add +52.8%
AAOI Applied Optoelectronics Inc. 0.26% 70,949 $2.6M Add +267.6%
TMO Thermo Fisher Scientific Inc. 0.26% 4,909 $2.6M Add +222.5%
XLK SS Technology Select Sector 0.25% 10,848 $2.5M Add +159.6%
TRV The Travelers Cos Inc. 0.25% 10,347 $2.5M New
JNJ Johnson & Johnson 0.25% 17,084 $2.5M Reduce -60.3%
ZS Zscaler Inc. 0.24% 13,423 $2.4M New
PLTR Palantir Technologies Inc. Class A 0.24% 31,958 $2.4M Reduce -92.3%
IDXX Idexx Laboratories Inc. 0.24% 5,721 $2.4M New
TXRH Texas Roadhouse Inc. 0.24% 13,086 $2.4M Add +377.4%

Show all 1,160 holdings

Portfolio Sells Q3 2024 → Q4 2024
PLTR Palantir Technologies Inc. Class A Reduce -92.3% 0.24% −1.52
LLY Eli Lilly & Co. Reduce -86.8% 0.15% −1.38
GOOGL Alphabet Inc. Class A Sold out 0.00% −1.26
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −1.14
TSM Taiwan Semiconductor-SP ADR Reduce -88.4% 0.15% −1.13
COIN Coinbase Global Inc. Class A Sold out 0.00% −1.13
CMCSA Comcast Corp. Class A Sold out 0.00% −1.08
BRK.B Berkshire Hathaway Inc. Class B Reduce -90.9% 0.09% −1.07
BP BP PLC-Spons ADR Sold out 0.00% −1.06
MSFT Microsoft Corp. Reduce -11.1% 2.91% −0.92
GOOG Alphabet Inc. Class C Reduce -36.6% 1.52% −0.89
INTU Intuit Inc. Sold out 0.00% −0.83
EL Estee Lauder Companies Class A Reduce -95.1% 0.03% −0.83
DIA SS SPDR Dow Jones Indus Avg Sold out 0.00% −0.72
GLD SPDR Gold Shares Reduce -87.6% 0.09% −0.71
MRK Merck & Co. Inc. Reduce -78.9% 0.13% −0.68
MRO Marathon Oil Corp. Sold out 0.00% −0.57
JNJ Johnson & Johnson Reduce -60.3% 0.25% −0.55
WDAY Workday Inc. Class A Sold out 0.00% −0.54
SNPS Synopsys Inc. Reduce -72.5% 0.15% −0.51
MU Micron Technology Inc. Sold out 0.00% −0.50
META Meta Platforms Inc. Class A Reduce -81.0% 0.10% −0.49
ILMN Illumina Inc. Sold out 0.00% −0.48
BILI Bilibili Inc.-Sponsored ADR Sold out 0.00% −0.47
CAVA Cava Group Inc. Reduce -60.3% 0.20% −0.43
IREN Iren Ltd. Reduce -94.6% 0.02% −0.42
VRSK Verisk Analytics Inc. Reduce -99.7% 0.00% −0.42
LRCX Lam Research Corp. Reduce -32.9% 0.44% −0.41
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.39
DHI D.R. Horton Inc. Sold out 0.00% −0.39
CHTR Charter Communications Inc. Class A Reduce -76.3% 0.11% −0.38
ALL Allstate Corp. Sold out 0.00% −0.38
TJX TJX Companies Inc. Reduce -72.1% 0.13% −0.38
CSCO Cisco Systems Inc. Sold out 0.00% −0.37
LPLA LPL Financial Holdings Inc. Reduce -57.5% 0.41% −0.37
MAR Marriott International Class A Reduce -88.7% 0.04% −0.35
MSTR Strategy Inc. Sold out 0.00% −0.35
MCK McKesson Corp. Reduce -92.2% 0.03% −0.34
MCO Moody's Corp. Sold out 0.00% −0.33
CVNA Carvana Co. Reduce -66.6% 0.17% −0.32
TQQQ Proshares Ultrapro QQQ Sold out 0.00% −0.32
ISRG Intuitive Surgical Inc. Sold out 0.00% −0.32
VTI VG Morningstar TS MKT ETF-US Reduce -37.7% 0.38% −0.31
REGN Regeneron Pharmaceuticals Reduce -3.6% 0.39% −0.29
CNQ Canadian Natural Resources Sold out 0.00% −0.29
THC Tenet Healthcare Corp. Reduce -48.2% 0.15% −0.29
BBD Banco Bradesco-ADR Sold out 0.00% −0.28
EQIX Equinix Inc. Sold out 0.00% −0.27
VRSN Verisign Inc. Reduce -55.2% 0.20% −0.27
SMH Vaneck Semiconductor ETF Sold out 0.00% −0.26

Portfolio Buys Q3 2024 → Q4 2024
AMZN Amazon.com Inc. New 2.43% +2.43
NVDA Nvidia Corp. New 1.75% +1.75
AAPL Apple Inc. Add +99.3% 3.52% +1.64
SPY SS SPDR S&P 500 ETF Trust-US Add +52.6% 4.56% +1.21
CRM Salesforce Inc. New 1.14% +1.14
ACHR Archer Aviation Inc. Class A New 1.11% +1.11
QQQ Invesco QQQ Trust Series 1 New 1.02% +1.02
CSX CSX Corp. New 1.00% +1.00
DHR Danaher Corp. New 0.96% +0.96
XOM Exxon Mobil Corp. New 0.86% +0.86
HYG Ishr Ibx Usd Hiyld CB ETF-Ui New 0.84% +0.84
CVX Chevron Corp. New 0.83% +0.83
VOO Vanguard S&P 500 ETF Add +80.2% 2.14% +0.81
VUG Vanguard Mrngstar GR ETF-Sui Add +5849.3% 0.82% +0.80
BAC Bank of America Corp. Add +61.1% 1.72% +0.62
ROP Roper Technologies Inc. Add +1083.2% 0.62% +0.55
COP Conocophillips Add +390.4% 0.72% +0.54
CDW CDW Corp. New 0.51% +0.51
KO The Coca-Cola Co. New 0.50% +0.50
RKLB Rocket Lab USA Inc. Add +4.0% 0.85% +0.49
IONQ Ionq Inc. Add +3653.1% 0.47% +0.47
LHX L3HARRIS Technologies Inc. New 0.47% +0.47
VRT Vertiv Holdings Co. Class A New 0.46% +0.46
MSI Motorola Solutions Inc. Add +789.4% 0.52% +0.46
LUNR Intuitive Machines Inc. Add +161529.8% 0.45% +0.45
DLTR Dollar Tree Inc. Add +1485.2% 0.47% +0.44
SCHW Schwab (charles) Corp. New 0.44% +0.44
EXC Exelon Corp. New 0.43% +0.43
NVR NVR Inc. New 0.43% +0.43
LMT Lockheed Martin Corp. Add +448.3% 0.57% +0.43
WTW Willis Towers Watson PLC Add +524.9% 0.51% +0.43
NFLX Netflix Inc. Add +125.7% 0.70% +0.42
MDLZ Mondelez International Inc. Class A New 0.41% +0.41
RSP Invesco S&P 500 Equal Weight New 0.41% +0.41
BIIB Biogen Inc. Add +2173.8% 0.44% +0.41
AXON Axon Enterprise Inc. New 0.40% +0.40
ORLY O'reilly Automotive Inc. Add +2069.5% 0.40% +0.38
ADP Automatic Data Processing New 0.33% +0.33
NDAQ Nasdaq Inc. Add +808.6% 0.37% +0.33
MNDY Monday.com Ltd. New 0.32% +0.32
SMR Nuscale Power Corp. New 0.30% +0.30
KC Kingsoft Cloud Holdings-ADR New 0.30% +0.30
MNST Monster Beverage Corp. New 0.30% +0.30
CLS Celestica Inc. Add +200.3% 0.38% +0.30
UNH Unitedhealth Group Inc. Add +295.4% 0.45% +0.30
STLD Steel Dynamics Inc. New 0.30% +0.30
SQQQ Proshares TR New 0.29% +0.29
IT Gartner Inc. Add +16665.7% 0.29% +0.28
LDOS Leidos Holdings Inc. Add +333.6% 0.40% +0.28
FCX Freeport-McMoran Inc. New 0.28% +0.28

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 695$942.5MAMZN, TLT, MU, AMD, CME
Q1 2026 712$877.9MMU, TSLA, GOOGL, MSFT, AMZN
Q4 2025 654$1.2BAAPL, VOO, AMZN, LQD, NVDA
Q3 2025 594$1.3BNVDA, AMZN, HOOD, GOOGL, ISRG
Q2 2025 1,142$835.2MNVDA, PEP, DHR, BBAI, AMZN
Q1 2025 1,101$877.4MMETA, GOOG, NVDA, GOOGL, CSX
Q4 2024 1,160$995.3MSPY, AAPL, MSFT, AMZN, VOO
Q3 2024 1,142$869.8MMSFT, SPY, GOOG, AAPL, PLTR
Q2 2024 1,104$942.6MAAPL, AMZN, MSFT, TSLA, SPY
Q1 2024 1,215$416.3MNVDA, VOO, AAPL, MSFT, LIN