Headlands Technologies LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Headlands Technologies LLC reported 1,101 stock positions worth $877.4 million. Its top holding was Meta Platforms Class A (META) at 3.3% of the portfolio, followed by Alphabet Class C (GOOG, 2.6%) and Nvidia (NVDA, 2.5%). Compared with Q4 2024, it opened 448 new positions, sold out of 507, added to 326 and reduced 321. The biggest buy was Meta Platforms Class A (META, shares +2782%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001570271
- Portfolio Value
- $877.4M (Q1 2025)
- SEC Filing
- 0001570271-25-000009 ↗ filed May 9, 2025
Holdings Value
Holdings 1,101 stocks · $877.4M
| META Meta Platforms Inc. Class A | 3.26% | 49,629 | $28.6M | Add +2782.1% |
| GOOG Alphabet Inc. Class C | 2.63% | 147,619 | $23.1M | Add +86.3% |
| NVDA Nvidia Corp. | 2.52% | 203,852 | $22.1M | Add +57.4% |
| GOOGL Alphabet Inc. Class A | 2.09% | 118,800 | $18.4M | New |
| CSX CSX Corp. | 1.95% | 580,515 | $17.1M | Add +88.0% |
| AMZN Amazon.com Inc. | 1.87% | 86,248 | $16.4M | Reduce -21.7% |
| ISRG Intuitive Surgical Inc. | 1.63% | 28,923 | $14.3M | New |
| GLD SPDR Gold Shares | 1.56% | 47,638 | $13.7M | Add +1256.0% |
| QQQ Invesco QQQ Trust Series 1 | 1.32% | 24,662 | $11.6M | Add +24.6% |
| ADBE Adobe Inc. | 1.30% | 29,806 | $11.4M | Add +767.7% |
| DHR Danaher Corp. | 1.28% | 54,640 | $11.2M | Add +30.6% |
| LRCX Lam Research Corp. | 1.21% | 145,519 | $10.6M | Add +140.2% |
| TSLA Tesla Inc. | 1.11% | 37,743 | $9.8M | New |
| AVGO Broadcom Inc. | 1.09% | 57,336 | $9.6M | New |
| PEP Pepsico Inc. | 1.09% | 63,576 | $9.5M | New |
| CTAS Cintas Corp. | 1.03% | 44,154 | $9.1M | Add +561.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.02% | 53,952 | $9.0M | Add +624.7% |
| EXC Exelon Corp. | 1.00% | 190,210 | $8.8M | Add +65.8% |
| PYPL PayPal Holdings Inc. | 0.96% | 128,956 | $8.4M | New |
| CRM Salesforce Inc. | 0.90% | 29,563 | $7.9M | Reduce -12.6% |
| SMH Vaneck Semiconductor ETF | 0.88% | 36,560 | $7.7M | New |
| COO The Cooper Cos Inc. | 0.80% | 83,361 | $7.0M | Add +64.3% |
| KDP Keurig Dr Pepper Inc. | 0.79% | 202,578 | $6.9M | Add +41.4% |
| QBTS D-Wave Quantum Inc. | 0.78% | 905,684 | $6.9M | New |
| AMAT Applied Materials Inc. | 0.78% | 47,135 | $6.8M | Add +237.7% |
| HOOD Robinhood Markets Inc. Class A | 0.77% | 163,350 | $6.8M | Add +380.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.77% | 62,086 | $6.7M | Add +200.9% |
| PLTR Palantir Technologies Inc. Class A | 0.76% | 78,773 | $6.6M | Add +146.5% |
| HD Home Depot Inc. | 0.74% | 17,707 | $6.5M | New |
| WTW Willis Towers Watson PLC | 0.72% | 18,606 | $6.3M | Add +13.7% |
| CSCO Cisco Systems Inc. | 0.70% | 99,187 | $6.1M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.70% | 10,904 | $6.1M | Reduce -85.9% |
| MNST Monster Beverage Corp. | 0.69% | 103,435 | $6.1M | Add +81.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.66% | 139,015 | $5.8M | Reduce -64.3% |
| ADSK Autodesk Inc. | 0.61% | 20,551 | $5.4M | New |
| COST Costco Wholesale Corp. | 0.61% | 5,684 | $5.4M | Add +144.9% |
| SSNC Ss&c Technologies Holdings | 0.61% | 63,723 | $5.3M | Add +208.6% |
| ROST Ross Stores Inc. | 0.59% | 40,849 | $5.2M | Reduce -10.2% |
| JNJ Johnson & Johnson | 0.59% | 31,135 | $5.2M | Add +82.3% |
| NVR NVR Inc. | 0.58% | 705 | $5.1M | Add +34.3% |
| AAL American Airlines Group Inc. | 0.57% | 476,453 | $5.0M | Add +478.3% |
| CDW CDW Corp. | 0.56% | 30,774 | $4.9M | Add +5.6% |
| WFC Wells Fargo & Co. | 0.55% | 67,118 | $4.8M | Add +13.4% |
| ANSS Ansys Inc. | 0.55% | 15,122 | $4.8M | Add +247.4% |
| ARGX Argenx SE - ADR | 0.54% | 8,074 | $4.8M | New |
| HON Honeywell International Inc. | 0.54% | 22,374 | $4.7M | New |
| OKLO Oklo Inc. | 0.54% | 218,820 | $4.7M | Add +2120.2% |
| ALGN Align Technology Inc. | 0.54% | 29,679 | $4.7M | Add +177.2% |
| CEG Constellation Energy | 0.53% | 23,077 | $4.7M | Add +2381.4% |
| FYBR Frontier Communications Pare | 0.50% | 122,127 | $4.4M | Add +821.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.49% | 15,687 | $4.3M | Add +18.9% |
| CHX Championx Corp. | 0.49% | 142,957 | $4.3M | Add +11.0% |
| GILD Gilead Sciences Inc. | 0.46% | 36,037 | $4.0M | Add +75.8% |
| K Kellanova | 0.44% | 47,242 | $3.9M | Add +6601.0% |
| NDAQ Nasdaq Inc. | 0.44% | 51,267 | $3.9M | Add +7.1% |
| LIN Linde PLC | 0.41% | 7,765 | $3.6M | New |
| TXRH Texas Roadhouse Inc. | 0.41% | 21,688 | $3.6M | Add +65.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.41% | 5,407 | $3.6M | New |
| ARM Arm Holdings PLC-ADR | 0.39% | 32,410 | $3.5M | New |
| CTSH Cognizant Tech Solutions-A | 0.39% | 44,732 | $3.4M | Add +18.2% |
| EQIX Equinix Inc. | 0.39% | 4,163 | $3.4M | New |
| BIIB Biogen Inc. | 0.39% | 24,769 | $3.4M | Reduce -12.7% |
| LLY Eli Lilly & Co. | 0.38% | 4,008 | $3.3M | Add +101.6% |
| ABNB Airbnb Inc. Class A | 0.37% | 27,349 | $3.3M | New |
| NWSA News Corp. Class A | 0.37% | 119,015 | $3.2M | Reduce -1.6% |
| ECL Ecolab Inc. | 0.37% | 12,744 | $3.2M | Add +37.7% |
| TGT Target Corp. | 0.36% | 30,621 | $3.2M | New |
| CMCSA Comcast Corp. Class A | 0.36% | 86,086 | $3.2M | New |
| TMO Thermo Fisher Scientific Inc. | 0.35% | 6,233 | $3.1M | Add +27.0% |
| VOO Vanguard S&P 500 ETF | 0.35% | 5,894 | $3.0M | Reduce -85.1% |
| VRSK Verisk Analytics Inc. | 0.35% | 10,175 | $3.0M | Add +23562.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.34% | 30,654 | $3.0M | Add +2649.2% |
| COP Conocophillips | 0.34% | 28,213 | $3.0M | Reduce -61.0% |
| WCN Waste Connections Inc. | 0.33% | 15,053 | $2.9M | Reduce -51.9% |
| BHF Brighthouse Financial Inc. | 0.32% | 48,955 | $2.8M | Add +165.7% |
| SMR Nuscale Power Corp. | 0.32% | 198,520 | $2.8M | Add +18.6% |
| ICE Intercontinental Exchange Inc. | 0.31% | 15,967 | $2.8M | Reduce -34.4% |
| QRVO Qorvo Inc. | 0.31% | 37,726 | $2.7M | Add +174.7% |
| DBX Dropbox Inc. Class A | 0.29% | 96,875 | $2.6M | Add +33.1% |
| XEL Xcel Energy Inc. | 0.29% | 36,546 | $2.6M | Reduce -53.9% |
| CME Cme Group Inc. | 0.29% | 9,450 | $2.5M | Reduce -51.9% |
| VTRS Viatris Inc. | 0.29% | 287,187 | $2.5M | New |
| DOX Amdocs Ltd. | 0.28% | 27,008 | $2.5M | Add +53.6% |
| ENTG Entegris Inc. | 0.28% | 28,135 | $2.5M | New |
| FANG Diamondback Energy Inc. | 0.28% | 15,306 | $2.4M | Add +55.9% |
| HOLX Hologic Inc. | 0.28% | 39,344 | $2.4M | Add +61.1% |
| ASTS Ast Spacemobile Inc. | 0.27% | 105,079 | $2.4M | New |
| PFG Principal Financial Group | 0.27% | 28,273 | $2.4M | Add +96.4% |
| UMBF Umb Financial Corp. | 0.27% | 23,515 | $2.4M | Add +172.4% |
| MEDP Medpace Holdings Inc. | 0.27% | 7,736 | $2.4M | Add +143.0% |
| MELI MercadoLibre Inc. | 0.26% | 1,189 | $2.3M | Reduce -59.9% |
| FIVE Five Below | 0.26% | 30,210 | $2.3M | Add +230.8% |
| STLD Steel Dynamics Inc. | 0.26% | 18,046 | $2.3M | Reduce -30.2% |
| TOL Toll Brothers Inc. | 0.26% | 21,277 | $2.2M | Add +359.4% |
| IONQ Ionq Inc. | 0.25% | 101,349 | $2.2M | Reduce -10.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.25% | 29,532 | $2.2M | Add +512.1% |
| ANET Arista Networks Inc. | 0.25% | 28,825 | $2.2M | New |
| ZBRA Zebra Technologies Corp. Class A | 0.25% | 7,825 | $2.2M | New |
| DEO Diageo PLC-Sponsored ADR | 0.25% | 21,084 | $2.2M | Add +2298.6% |
| SLV iShares Silver Trust | 0.25% | 70,252 | $2.2M | New |
Portfolio Sells Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -85.9% | 0.70% | −3.86 |
| AAPL Apple Inc. | Sold out | 0.00% | −3.52 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −2.91 |
| VOO Vanguard S&P 500 ETF | Reduce -85.1% | 0.35% | −1.80 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −1.17 |
| ACHR Archer Aviation Inc. Class A | Reduce -99.5% | 0.00% | −1.10 |
| BAC Bank of America Corp. | Reduce -64.3% | 0.66% | −1.06 |
| RKLB Rocket Lab USA Inc. | Sold out | 0.00% | −0.85 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.84 |
| XOM Exxon Mobil Corp. | Reduce -97.0% | 0.03% | −0.83 |
| CVX Chevron Corp. | Reduce -94.6% | 0.06% | −0.77 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -91.6% | 0.07% | −0.75 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.70 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.62 |
| TEAM Atlassian Corp. Class A | Reduce -82.7% | 0.12% | −0.59 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.57 |
| AMZN Amazon.com Inc. | Reduce -21.7% | 1.87% | −0.56 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.52 |
| GRAB Grab Holdings Ltd. Class A | Reduce -92.5% | 0.05% | −0.51 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.50 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -96.1% | 0.02% | −0.48 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.46 |
| SOUN Soundhound AI Inc. Class A | Sold out | 0.00% | −0.46 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.45 |
| LHX L3HARRIS Technologies Inc. | Reduce -95.2% | 0.03% | −0.44 |
| LUNR Intuitive Machines Inc. | Reduce -97.2% | 0.01% | −0.44 |
| DLTR Dollar Tree Inc. | Reduce -90.8% | 0.05% | −0.42 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.41 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.41 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −0.40 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.40 |
| LPLA LPL Financial Holdings Inc. | Reduce -96.8% | 0.01% | −0.39 |
| COP Conocophillips | Reduce -61.0% | 0.34% | −0.38 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.38 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.36 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.36 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.32 |
| CLS Celestica Inc. | Reduce -79.3% | 0.08% | −0.30 |
| SQQQ Proshares TR | Sold out | 0.00% | −0.29 |
| INTC Intel Corp. | Reduce -95.0% | 0.02% | −0.27 |
| PTON Peloton Interactive Inc. Class A | Reduce -98.1% | 0.00% | −0.27 |
| IJH iShares Core S&P Midcap ETF | Sold out | 0.00% | −0.27 |
| AAOI Applied Optoelectronics Inc. | Sold out | 0.00% | −0.26 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.25 |
| PM Philip Morris International | Reduce -84.7% | 0.07% | −0.24 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.24 |
| XEL Xcel Energy Inc. | Reduce -53.9% | 0.29% | −0.24 |
| MELI MercadoLibre Inc. | Reduce -59.9% | 0.26% | −0.24 |
| SCHW Schwab (charles) Corp. | Reduce -62.0% | 0.20% | −0.24 |
| PAYX Paychex Inc. | Reduce -99.7% | 0.00% | −0.23 |
Portfolio Buys Q4 2024 → Q1 2025
| META Meta Platforms Inc. Class A | Add +2782.1% | 3.26% | +3.16 |
| GOOGL Alphabet Inc. Class A | New | 2.09% | +2.09 |
| ISRG Intuitive Surgical Inc. | New | 1.63% | +1.63 |
| GLD SPDR Gold Shares | Add +1256.0% | 1.56% | +1.48 |
| ADBE Adobe Inc. | Add +767.7% | 1.30% | +1.15 |
| TSLA Tesla Inc. | New | 1.11% | +1.11 |
| GOOG Alphabet Inc. Class C | Add +86.3% | 2.63% | +1.11 |
| AVGO Broadcom Inc. | New | 1.09% | +1.09 |
| PEP Pepsico Inc. | New | 1.09% | +1.09 |
| PYPL PayPal Holdings Inc. | New | 0.96% | +0.96 |
| CSX CSX Corp. | Add +88.0% | 1.95% | +0.95 |
| CTAS Cintas Corp. | Add +561.8% | 1.03% | +0.91 |
| SMH Vaneck Semiconductor ETF | New | 0.88% | +0.88 |
| TSM Taiwan Semiconductor-SP ADR | Add +624.7% | 1.02% | +0.87 |
| QBTS D-Wave Quantum Inc. | New | 0.78% | +0.78 |
| NVDA Nvidia Corp. | Add +57.4% | 2.52% | +0.77 |
| LRCX Lam Research Corp. | Add +140.2% | 1.21% | +0.77 |
| HD Home Depot Inc. | New | 0.74% | +0.74 |
| CSCO Cisco Systems Inc. | New | 0.70% | +0.70 |
| HOOD Robinhood Markets Inc. Class A | Add +380.0% | 0.77% | +0.65 |
| ADSK Autodesk Inc. | New | 0.61% | +0.61 |
| EXC Exelon Corp. | Add +65.8% | 1.00% | +0.56 |
| AMAT Applied Materials Inc. | Add +237.7% | 0.78% | +0.55 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +200.9% | 0.77% | +0.55 |
| ARGX Argenx SE - ADR | New | 0.54% | +0.54 |
| HON Honeywell International Inc. | New | 0.54% | +0.54 |
| OKLO Oklo Inc. | Add +2120.2% | 0.54% | +0.52 |
| PLTR Palantir Technologies Inc. Class A | Add +146.5% | 0.76% | +0.51 |
| CEG Constellation Energy | Add +2381.4% | 0.53% | +0.51 |
| FYBR Frontier Communications Pare | Add +821.2% | 0.50% | +0.45 |
| SSNC Ss&c Technologies Holdings | Add +208.6% | 0.61% | +0.45 |
| K Kellanova | Add +6601.0% | 0.44% | +0.44 |
| AAL American Airlines Group Inc. | Add +478.3% | 0.57% | +0.43 |
| LIN Linde PLC | New | 0.41% | +0.41 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.41% | +0.41 |
| COST Costco Wholesale Corp. | Add +144.9% | 0.61% | +0.40 |
| ANSS Ansys Inc. | Add +247.4% | 0.55% | +0.40 |
| ARM Arm Holdings PLC-ADR | New | 0.39% | +0.39 |
| MNST Monster Beverage Corp. | Add +81.8% | 0.69% | +0.39 |
| EQIX Equinix Inc. | New | 0.39% | +0.39 |
| ABNB Airbnb Inc. Class A | New | 0.37% | +0.37 |
| TGT Target Corp. | New | 0.36% | +0.36 |
| CMCSA Comcast Corp. Class A | New | 0.36% | +0.36 |
| VRSK Verisk Analytics Inc. | Add +23562.8% | 0.35% | +0.34 |
| JNJ Johnson & Johnson | Add +82.3% | 0.59% | +0.34 |
| COO The Cooper Cos Inc. | Add +64.3% | 0.80% | +0.33 |
| DIS The Walt Disney Co. | Add +2649.2% | 0.34% | +0.33 |
| KDP Keurig Dr Pepper Inc. | Add +41.4% | 0.79% | +0.33 |
| ALGN Align Technology Inc. | Add +177.2% | 0.54% | +0.31 |
| DHR Danaher Corp. | Add +30.6% | 1.28% | +0.31 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 695 | $942.5M | AMZN, TLT, MU, AMD, CME |
| Q1 2026 | 712 | $877.9M | MU, TSLA, GOOGL, MSFT, AMZN |
| Q4 2025 | 654 | $1.2B | AAPL, VOO, AMZN, LQD, NVDA |
| Q3 2025 | 594 | $1.3B | NVDA, AMZN, HOOD, GOOGL, ISRG |
| Q2 2025 | 1,142 | $835.2M | NVDA, PEP, DHR, BBAI, AMZN |
| Q1 2025 | 1,101 | $877.4M | META, GOOG, NVDA, GOOGL, CSX |
| Q4 2024 | 1,160 | $995.3M | SPY, AAPL, MSFT, AMZN, VOO |
| Q3 2024 | 1,142 | $869.8M | MSFT, SPY, GOOG, AAPL, PLTR |
| Q2 2024 | 1,104 | $942.6M | AAPL, AMZN, MSFT, TSLA, SPY |
| Q1 2024 | 1,215 | $416.3M | NVDA, VOO, AAPL, MSFT, LIN |