Headlands Technologies LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Headlands Technologies LLC reported 594 stock positions worth $1.3 billion. Its top holding was Nvidia (NVDA) at 6.2% of the portfolio, followed by Amazon.com (AMZN, 3.5%) and Robinhood Markets Class A (HOOD, 2.0%). Compared with Q2 2025, it opened 216 new positions, sold out of 764, added to 263 and reduced 112. The biggest buy was Amazon.com (AMZN, shares +254%) and the biggest sale Nvidia (NVDA, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001570271
- Portfolio Value
- $1.3B (Q3 2025)
- SEC Filing
- 0001570271-25-000012 ↗ filed Nov 12, 2025
Holdings Value
Holdings 594 stocks · $1.3B
| NVDA Nvidia Corp. | 6.19% | 415,371 | $77.5M | Reduce -18.5% |
| AMZN Amazon.com Inc. | 3.54% | 201,695 | $44.3M | Add +253.6% |
| HOOD Robinhood Markets Inc. Class A | 1.97% | 172,661 | $24.7M | Add +34.0% |
| GOOGL Alphabet Inc. Class A | 1.94% | 99,935 | $24.3M | New |
| ISRG Intuitive Surgical Inc. | 1.88% | 52,607 | $23.5M | Add +177.4% |
| GOOG Alphabet Inc. Class C | 1.86% | 95,635 | $23.3M | New |
| AAPL Apple Inc. | 1.81% | 88,990 | $22.7M | Add +257.9% |
| META Meta Platforms Inc. Class A | 1.78% | 30,370 | $22.3M | Add +186.7% |
| TSLA Tesla Inc. | 1.62% | 45,492 | $20.2M | Add +75.5% |
| WMT Walmart Inc. | 1.53% | 185,686 | $19.1M | New |
| QQQ Invesco QQQ Trust Series 1 | 1.46% | 30,470 | $18.3M | New |
| ROST Ross Stores Inc. | 1.39% | 114,580 | $17.5M | Add +1793.0% |
| VOO Vanguard S&P 500 ETF | 1.23% | 25,187 | $15.4M | Add +304.3% |
| HON Honeywell International Inc. | 1.15% | 68,188 | $14.4M | Add +315.3% |
| FCX Freeport-McMoran Inc. | 0.95% | 303,150 | $11.9M | Add +23657.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.93% | 29,864 | $11.7M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.92% | 17,296 | $11.5M | New |
| IVV iShares Core S&P 500 ETF | 0.91% | 17,116 | $11.5M | New |
| KDP Keurig Dr Pepper Inc. | 0.86% | 421,302 | $10.7M | Add +121.6% |
| MSFT Microsoft Corp. | 0.85% | 20,515 | $10.6M | Reduce -4.0% |
| BSX Boston Scientific Corp. | 0.84% | 108,046 | $10.5M | Add +125.3% |
| INTC Intel Corp. | 0.82% | 307,043 | $10.3M | New |
| ROP Roper Technologies Inc. | 0.80% | 20,195 | $10.1M | New |
| XOM Exxon Mobil Corp. | 0.79% | 88,085 | $9.9M | New |
| APLD Applied Digital Corp. | 0.78% | 425,532 | $9.8M | Add +12.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.74% | 179,095 | $9.2M | Add +26.1% |
| VRSK Verisk Analytics Inc. | 0.70% | 34,759 | $8.7M | Add +482.6% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.70% | 78,189 | $8.7M | Add +418.8% |
| NDAQ Nasdaq Inc. | 0.68% | 96,652 | $8.5M | Add +108.7% |
| QQQM Invesco Nasdaq 100 ETF | 0.65% | 33,153 | $8.2M | New |
| PLTR Palantir Technologies Inc. Class A | 0.64% | 43,827 | $8.0M | Reduce -7.2% |
| AVGO Broadcom Inc. | 0.61% | 23,083 | $7.6M | New |
| EQIX Equinix Inc. | 0.60% | 9,609 | $7.5M | Add +162.6% |
| AGG iShares Core U.S. Aggregate | 0.59% | 73,572 | $7.4M | New |
| RGTI Rigetti Computing Inc. | 0.57% | 238,833 | $7.1M | Reduce -11.2% |
| TMUS T-Mobile US Inc. | 0.56% | 29,073 | $7.0M | New |
| XLK SS Technology Select Sector | 0.55% | 24,461 | $6.9M | Add +2329.1% |
| C Citigroup Inc. | 0.53% | 65,585 | $6.7M | Add +3545.6% |
| CSCO Cisco Systems Inc. | 0.52% | 95,983 | $6.6M | Add +54.0% |
| SMR Nuscale Power Corp. | 0.52% | 181,733 | $6.5M | Add +33.2% |
| FYBR Frontier Communications Pare | 0.51% | 170,400 | $6.4M | Add +67.9% |
| ACWI iShares MSCI Acwi ETF | 0.51% | 45,991 | $6.4M | New |
| TQQQ Proshares Ultrapro QQQ | 0.49% | 59,722 | $6.2M | New |
| CMCSA Comcast Corp. Class A | 0.48% | 192,764 | $6.1M | Reduce -20.4% |
| SSNC Ss&c Technologies Holdings | 0.47% | 66,867 | $5.9M | Add +44.0% |
| BKNG Booking Holdings Inc. | 0.47% | 1,099 | $5.9M | New |
| NIO Nio Inc. - ADR | 0.46% | 762,023 | $5.8M | Add +989.5% |
| UBER Uber Technologies Inc. | 0.46% | 58,249 | $5.7M | New |
| NVDL Granitesh 2X LNG Nvda ETF | 0.45% | 60,648 | $5.7M | Add +3499.3% |
| ADSK Autodesk Inc. | 0.45% | 17,723 | $5.6M | Add +5.8% |
| TEM Tempus AI Inc. Class A | 0.45% | 69,594 | $5.6M | New |
| VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC | 0.45% | 362,812 | $5.6M | Add +1159.2% |
| CB Chubb Ltd. | 0.45% | 19,767 | $5.6M | New |
| ORLY O'reilly Automotive Inc. | 0.44% | 51,539 | $5.6M | New |
| NVTS Navitas Semiconductor Corp. | 0.44% | 766,176 | $5.5M | Add +22832.5% |
| FISV Fiserv Inc. | 0.43% | 41,460 | $5.3M | Reduce -40.4% |
| SCHW Schwab (charles) Corp. | 0.42% | 55,476 | $5.3M | Add +492.7% |
| MAR Marriott International Class A | 0.40% | 19,133 | $5.0M | Add +1546.6% |
| WULF Terawulf Inc. | 0.40% | 435,739 | $5.0M | Add +1663.8% |
| CDW CDW Corp. | 0.39% | 30,384 | $4.8M | Add +582.6% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.37% | 10,192 | $4.6M | New |
| QUBT Quantum Computing Inc. | 0.37% | 249,640 | $4.6M | Reduce -7.0% |
| RIOT Riot Platforms Inc. | 0.36% | 236,098 | $4.5M | New |
| TEAM Atlassian Corp. Class A | 0.35% | 27,833 | $4.4M | Add +50.0% |
| ADI Analog Devices Inc. | 0.35% | 17,886 | $4.4M | New |
| MORN Morningstar Inc. | 0.35% | 18,879 | $4.4M | Add +289.2% |
| ZBRA Zebra Technologies Corp. Class A | 0.34% | 14,497 | $4.3M | Add +66.5% |
| IEF iShares 7-10 Year Treasury B | 0.33% | 43,254 | $4.2M | Add +4787.5% |
| K Kellanova | 0.33% | 50,347 | $4.1M | Reduce -18.2% |
| PNFP Pinnacle Financial Partners | 0.33% | 44,015 | $4.1M | New |
| IREN Iren Ltd. filed as IREN LIMITED | 0.33% | 87,608 | $4.1M | Reduce -70.3% |
| SFM Sprouts Farmers Market Inc. | 0.32% | 37,351 | $4.1M | Add +3742.7% |
| VGK Vanguard Ftse Europe ETF | 0.32% | 50,826 | $4.1M | Add +1980.5% |
| BA The Boeing Co. | 0.32% | 18,784 | $4.1M | New |
| PLUG Plug Power Inc. | 0.32% | 1,739,125 | $4.1M | Add +260.7% |
| HAS Hasbro Inc. | 0.32% | 52,637 | $4.0M | Add +130.0% |
| KWEB Kranesh Csi China Internet | 0.32% | 94,933 | $4.0M | Add +2335.4% |
| QCOM Qualcomm Inc. | 0.32% | 23,922 | $4.0M | Add +232.1% |
| FRSH Freshworks Inc. Class A | 0.31% | 330,564 | $3.9M | Add +217.6% |
| NVDX T-Rex 2X LNG Nvidia DLY TRGT | 0.31% | 203,581 | $3.9M | New |
| HOLX Hologic Inc. | 0.29% | 54,568 | $3.7M | Add +35.1% |
| PGR Progressive Corp. | 0.29% | 14,662 | $3.6M | Add +3333.7% |
| ACGL Arch Capital Group Ltd. | 0.28% | 39,006 | $3.5M | Add +340.1% |
| FCNCA First Citizens Bcshs Class A | 0.28% | 1,964 | $3.5M | New |
| RKLB Rocket Lab Corp. | 0.28% | 72,774 | $3.5M | Add +52.0% |
| ENPH Enphase Energy Inc. | 0.27% | 96,382 | $3.4M | Add +77627.4% |
| LBRDK Liberty Broadband-C | 0.27% | 52,994 | $3.4M | Add +429.4% |
| QURE Uniqure NV | 0.27% | 57,408 | $3.4M | Add +35.3% |
| ABNB Airbnb Inc. Class A | 0.27% | 27,378 | $3.3M | New |
| COIN Coinbase Global Inc. Class A | 0.26% | 9,797 | $3.3M | New |
| PCTY Paylocity Holding Corp. | 0.26% | 20,626 | $3.3M | Add +307.4% |
| HLN Haleon PLC-ADR | 0.26% | 356,750 | $3.2M | Add +622.0% |
| ZM Zoom Communications Inc. | 0.26% | 38,716 | $3.2M | Add +72.7% |
| ODFL Old Dominion Freight Line | 0.25% | 22,490 | $3.2M | New |
| JOBY Joby Aviation Inc. | 0.25% | 190,648 | $3.1M | Add +50.9% |
| SPGI S&P Global Inc. | 0.25% | 6,316 | $3.1M | Add +6917.8% |
| BCS Barclays PLC-Spons ADR | 0.24% | 145,379 | $3.0M | New |
| CTAS Cintas Corp. | 0.23% | 14,309 | $2.9M | Add +92.9% |
| DOCU Docusign Inc. | 0.23% | 40,438 | $2.9M | New |
| GLD SPDR Gold Shares | 0.23% | 8,197 | $2.9M | New |
Portfolio Sells Q2 2025 → Q3 2025
| NVDA Nvidia Corp. | Reduce -18.5% | 6.19% | −3.46 |
| DHR Danaher Corp. | Sold out | 0.00% | −1.64 |
| PEP Pepsico Inc. | Reduce -97.9% | 0.03% | −1.63 |
| BBAI Bigbear.ai Holdings Inc. | Reduce -95.7% | 0.04% | −1.55 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −1.28 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −1.13 |
| OKLO Oklo Inc. | Sold out | 0.00% | −1.12 |
| ORCL Oracle Corp. | Sold out | 0.00% | −1.02 |
| FISV Fiserv Inc. | Reduce -40.4% | 0.43% | −1.01 |
| CSX CSX Corp. | Sold out | 0.00% | −0.98 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.97 |
| T AT&T Inc. | Reduce -95.4% | 0.03% | −0.87 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.65 |
| WTW Willis Towers Watson PLC | Reduce -80.5% | 0.11% | −0.64 |
| ASTS Ast Spacemobile Inc. | Sold out | 0.00% | −0.63 |
| REGN Regeneron Pharmaceuticals | Reduce -68.3% | 0.18% | −0.62 |
| ICLR Icon PLC | Sold out | 0.00% | −0.59 |
| PYPL PayPal Holdings Inc. | Reduce -60.8% | 0.18% | −0.57 |
| CMCSA Comcast Corp. Class A | Reduce -20.4% | 0.48% | −0.55 |
| BTI British American Tob-SP ADR | Reduce -83.6% | 0.08% | −0.55 |
| IONQ Ionq Inc. | Reduce -68.9% | 0.23% | −0.54 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.52 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.49 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.47 |
| CHX Championx Corp. | Sold out | 0.00% | −0.45 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.45 |
| RBLX Roblox Corp. Class A | Reduce -73.7% | 0.13% | −0.44 |
| MSFT Microsoft Corp. | Reduce -4.0% | 0.85% | −0.42 |
| QBTS D-Wave Quantum Inc. | Reduce -68.5% | 0.22% | −0.41 |
| STLD Steel Dynamics Inc. | Sold out | 0.00% | −0.40 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.40 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.36 |
| USB US Bancorp | Sold out | 0.00% | −0.35 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.35 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.34 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −0.33 |
| MNST Monster Beverage Corp. | Sold out | 0.00% | −0.33 |
| WING Wingstop Inc. | Sold out | 0.00% | −0.32 |
| LYFT LYFT Inc. Class A | Sold out | 0.00% | −0.32 |
| DBX Dropbox Inc. Class A | Sold out | 0.00% | −0.30 |
| TXRH Texas Roadhouse Inc. | Reduce -42.8% | 0.15% | −0.29 |
| COO The Cooper Cos Inc. | Reduce -55.7% | 0.12% | −0.29 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.27 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.27 |
| CRM Salesforce Inc. | Reduce -51.9% | 0.10% | −0.27 |
| MANH Manhattan Associates Inc. | Reduce -74.6% | 0.06% | −0.27 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.26 |
| CPNG Coupang Inc. | Sold out | 0.00% | −0.26 |
| K Kellanova | Reduce -18.2% | 0.33% | −0.26 |
| EXE Expand Energy Corp. | Reduce -57.0% | 0.09% | −0.25 |
Portfolio Buys Q2 2025 → Q3 2025
| AMZN Amazon.com Inc. | Add +253.6% | 3.54% | +2.04 |
| GOOGL Alphabet Inc. Class A | New | 1.94% | +1.94 |
| GOOG Alphabet Inc. Class C | New | 1.86% | +1.86 |
| WMT Walmart Inc. | New | 1.53% | +1.53 |
| QQQ Invesco QQQ Trust Series 1 | New | 1.46% | +1.46 |
| ROST Ross Stores Inc. | Add +1793.0% | 1.39% | +1.30 |
| AAPL Apple Inc. | Add +257.9% | 1.81% | +1.20 |
| FCX Freeport-McMoran Inc. | Add +23657.8% | 0.95% | +0.94 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.93% | +0.93 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.92% | +0.92 |
| IVV iShares Core S&P 500 ETF | New | 0.91% | +0.91 |
| META Meta Platforms Inc. Class A | Add +186.7% | 1.78% | +0.84 |
| INTC Intel Corp. | New | 0.82% | +0.82 |
| VOO Vanguard S&P 500 ETF | Add +304.3% | 1.23% | +0.81 |
| ROP Roper Technologies Inc. | New | 0.80% | +0.80 |
| XOM Exxon Mobil Corp. | New | 0.79% | +0.79 |
| HON Honeywell International Inc. | Add +315.3% | 1.15% | +0.69 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.65% | +0.65 |
| ISRG Intuitive Surgical Inc. | Add +177.4% | 1.88% | +0.64 |
| TSLA Tesla Inc. | Add +75.5% | 1.62% | +0.63 |
| AVGO Broadcom Inc. | New | 0.61% | +0.61 |
| AGG iShares Core U.S. Aggregate | New | 0.59% | +0.59 |
| TMUS T-Mobile US Inc. | New | 0.56% | +0.56 |
| HOOD Robinhood Markets Inc. Class A | Add +34.0% | 1.97% | +0.53 |
| XLK SS Technology Select Sector | Add +2329.1% | 0.55% | +0.52 |
| C Citigroup Inc. | Add +3545.6% | 0.53% | +0.51 |
| ACWI iShares MSCI Acwi ETF | New | 0.51% | +0.51 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +418.8% | 0.70% | +0.50 |
| TQQQ Proshares Ultrapro QQQ | New | 0.49% | +0.49 |
| VRSK Verisk Analytics Inc. | Add +482.6% | 0.70% | +0.48 |
| BKNG Booking Holdings Inc. | New | 0.47% | +0.47 |
| UBER Uber Technologies Inc. | New | 0.46% | +0.46 |
| TEM Tempus AI Inc. Class A | New | 0.45% | +0.45 |
| CB Chubb Ltd. | New | 0.45% | +0.45 |
| ORLY O'reilly Automotive Inc. | New | 0.44% | +0.44 |
| NVDL Granitesh 2X LNG Nvda ETF | Add +3499.3% | 0.45% | +0.44 |
| NVTS Navitas Semiconductor Corp. | Add +22832.5% | 0.44% | +0.44 |
| NIO Nio Inc. - ADR | Add +989.5% | 0.46% | +0.43 |
| VISN Vistance Networks Inc. | Add +1159.2% | 0.45% | +0.42 |
| WULF Terawulf Inc. | Add +1663.8% | 0.40% | +0.38 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.37% | +0.37 |
| MAR Marriott International Class A | Add +1546.6% | 0.40% | +0.36 |
| RIOT Riot Platforms Inc. | New | 0.36% | +0.36 |
| ADI Analog Devices Inc. | New | 0.35% | +0.35 |
| PNFP Pinnacle Financial Partners | New | 0.33% | +0.33 |
| BA The Boeing Co. | New | 0.32% | +0.32 |
| APLD Applied Digital Corp. | Add +12.4% | 0.78% | +0.32 |
| IEF iShares 7-10 Year Treasury B | Add +4787.5% | 0.33% | +0.32 |
| SCHW Schwab (charles) Corp. | Add +492.7% | 0.42% | +0.32 |
| NVDX T-Rex 2X LNG Nvidia DLY TRGT | New | 0.31% | +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 |