Headlands Technologies LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Headlands Technologies LLC reported 654 stock positions worth $1.2 billion. Its top holding was Apple (AAPL) at 6.2% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 4.6%) and Amazon.com (AMZN, 3.4%). Compared with Q3 2025, it opened 306 new positions, sold out of 246, added to 183 and reduced 160. The biggest buy was Apple (AAPL, shares +205%) and the biggest sale Nvidia (NVDA, shares −65%).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001570271
Portfolio Value
$1.2B (Q4 2025)
SEC Filing
0001570271-26-000003 ↗ filed Feb 13, 2026

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 Q4 2024 Q1 2025: $877.4M Q1 2025 Q2 2025: $835.2M Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.2B $1.2B Q4 2025 Q1 2026: $877.9M Q1 2026 Q2 2026: $942.5M Q2 2026

Holdings 654 stocks · $1.2B
AAPL Apple Inc. 6.16% 271,386 $73.8M Add +205.0%
VOO Vanguard S&P 500 ETF 4.61% 88,151 $55.3M Add +250.0%
AMZN Amazon.com Inc. 3.39% 175,827 $40.6M Reduce -12.8%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 3.05% 331,248 $36.5M Add +323.6%
NVDA Nvidia Corp. 2.29% 146,847 $27.4M Reduce -64.7%
MSFT Microsoft Corp. 1.77% 43,827 $21.2M Add +113.6%
META Meta Platforms Inc. Class A 1.38% 25,066 $16.5M Reduce -17.5%
BKNG Booking Holdings Inc. 1.35% 3,022 $16.2M Add +175.0%
EA Electronic Arts Inc. 1.33% 77,752 $15.9M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.27% 276,344 $15.2M Add +54.3%
TMUS T-Mobile US Inc. 1.26% 74,637 $15.2M Add +156.7%
XOM Exxon Mobil Corp. 1.20% 119,000 $14.3M Add +35.1%
ROP Roper Technologies Inc. 1.03% 27,654 $12.3M Add +36.9%
NDAQ Nasdaq Inc. 0.95% 116,924 $11.4M Add +21.0%
ROST Ross Stores Inc. 0.89% 59,204 $10.7M Reduce -48.3%
LIN Linde PLC 0.75% 21,052 $9.0M New
WMT Walmart Inc. 0.72% 77,972 $8.7M Reduce -58.0%
NFLX Netflix Inc. 0.70% 89,660 $8.4M New
PLTR Palantir Technologies Inc. Class A 0.70% 46,974 $8.3M Add +7.2%
CMCSA Comcast Corp. Class A 0.68% 273,375 $8.2M Add +41.8%
ACWI iShares MSCI Acwi ETF 0.67% 56,854 $8.0M Add +23.6%
JPM JPMorgan Chase & Co. 0.61% 22,575 $7.3M New
SCHW Schwab (charles) Corp. 0.60% 71,931 $7.2M Add +29.7%
KMB Kimberly-Clark Corp. 0.60% 71,216 $7.2M New
INTC Intel Corp. 0.56% 182,697 $6.7M Reduce -40.5%
SNPS Synopsys Inc. 0.55% 13,907 $6.5M New
BND Vanguard Total Bond Market 0.54% 88,039 $6.5M Add +1447.0%
SFM Sprouts Farmers Market Inc. 0.54% 81,367 $6.5M Add +117.8%
EXAS Exact Sciences Corp. 0.53% 62,890 $6.4M New
FISV Fiserv Inc. 0.53% 94,911 $6.4M Add +128.9%
CDTX Cidara Therapeutics Inc. 0.53% 28,595 $6.3M New
FCX Freeport-McMoran Inc. 0.51% 120,826 $6.1M Reduce -60.1%
CB Chubb Ltd. 0.50% 19,173 $6.0M Reduce -3.0%
XLV SS Health Care Select Sector 0.49% 37,710 $5.8M New
COHR Coherent Corp. 0.47% 30,725 $5.7M New
ORLY O'reilly Automotive Inc. 0.47% 61,166 $5.6M Add +18.7%
TSM Taiwan Semiconductor-SP ADR 0.47% 18,343 $5.6M Add +104.3%
QBTS D-Wave Quantum Inc. 0.46% 208,572 $5.5M Add +83.6%
EQIX Equinix Inc. 0.45% 7,065 $5.4M Reduce -26.5%
HAS Hasbro Inc. 0.43% 63,248 $5.2M Add +20.2%
FYBR Frontier Communications Pare 0.43% 135,761 $5.2M Reduce -20.3%
NWSA News Corp. Class A 0.43% 197,667 $5.2M Add +159.0%
WBD Warner Bros Discovery Inc. 0.41% 171,875 $5.0M New
ONDS Ondas Inc. filed as ONDAS HLDGS INC 0.41% 507,231 $5.0M New
IEF iShares 7-10 Year Treasury B 0.41% 50,660 $4.9M Add +17.1%
ZBRA Zebra Technologies Corp. Class A 0.40% 19,751 $4.8M Add +36.2%
UAL United Airlines Holdings Inc. 0.40% 42,699 $4.8M New
IVV iShares Core S&P 500 ETF 0.40% 6,932 $4.7M Reduce -59.5%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.39% 58,206 $4.7M New
SSNC Ss&c Technologies Holdings 0.37% 51,009 $4.5M Reduce -23.7%
XLE SS Energy Select Sector 0.37% 98,498 $4.4M New
SMH Vaneck Semiconductor ETF 0.36% 12,123 $4.4M Add +80.4%
VGK Vanguard Ftse Europe ETF 0.35% 50,826 $4.2M No change
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.35% 73,101 $4.2M Add +103.2%
RIVN Rivian Automotive Inc. Class A 0.33% 203,587 $4.0M Add +209.2%
CCEP Coca-Cola Europacific Partne 0.33% 43,922 $4.0M Add +692.5%
CPRT Copart Inc. 0.33% 100,214 $3.9M New
PAYX Paychex Inc. 0.33% 34,972 $3.9M Add +69.1%
ABNB Airbnb Inc. Class A 0.32% 27,967 $3.8M Add +2.1%
ZM Zoom Communications Inc. 0.29% 40,024 $3.5M Add +3.4%
MDLZ Mondelez International Inc. Class A 0.28% 62,795 $3.4M New
DDOG Datadog Inc. Class A 0.28% 24,687 $3.4M New
IEI iShares 3-7 Year Treasury Bo 0.28% 27,901 $3.3M Add +59.9%
MNDY Monday.com Ltd. 0.28% 22,558 $3.3M Add +305.8%
SQQQ Proshares Ultrapro Short QQQ 0.28% 48,456 $3.3M New
IWM iShares Russell 2000 ETF 0.28% 13,391 $3.3M New
TEM Tempus AI Inc. Class A 0.27% 55,472 $3.3M Reduce -20.3%
SAP Sap SE-Sponsored ADR 0.27% 13,413 $3.3M New
VRSK Verisk Analytics Inc. 0.27% 14,448 $3.2M Reduce -58.4%
XLY SS Consumer Disc Select Sect 0.27% 26,990 $3.2M New
CMG Chipotle Mexican Grill Inc. 0.27% 86,478 $3.2M Add +377.0%
PG The Procter & Gamble Co. 0.26% 21,658 $3.1M New
TSLL Dirx DLY Tsla Bul 2X ETF-Aui 0.26% 160,713 $3.1M New
RACE Ferrari NV 0.26% 8,280 $3.1M Add +550.9%
CCJ Cameco Corp. 0.26% 33,443 $3.1M New
GPCR Structure Therapeutics Inc. 0.25% 43,729 $3.0M Add +63.1%
CENX Century Aluminum Company 0.25% 77,432 $3.0M Add +8.0%
LUNR Intuitive Machines Inc. 0.25% 186,464 $3.0M Add +289.7%
VTWO Vanguard Russell 2000 ETF 0.25% 30,368 $3.0M New
FLEX Flex Ltd. 0.25% 50,018 $3.0M Add +111.5%
IBN Icici Bank Ltd.-Spon ADR 0.25% 100,617 $3.0M Add +685.5%
LBRDK Liberty Broadband-C 0.24% 58,736 $2.9M Add +10.8%
BCS Barclays PLC-Spons ADR 0.24% 111,463 $2.8M Reduce -23.3%
VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC 0.23% 155,205 $2.8M Reduce -57.2%
BA The Boeing Co. 0.23% 12,958 $2.8M Reduce -31.0%
NVTS Navitas Semiconductor Corp. 0.23% 389,374 $2.8M Reduce -49.2%
RELY Remitly Global Inc. 0.23% 198,815 $2.7M Add +62.0%
BKR Baker Hughes Co. 0.23% 60,166 $2.7M Add +169.7%
MS Morgan Stanley 0.23% 15,356 $2.7M New
ORCL Oracle Corp. 0.23% 13,878 $2.7M New
MORN Morningstar Inc. 0.22% 12,403 $2.7M Reduce -34.3%
FRSH Freshworks Inc. Class A 0.22% 219,976 $2.7M Reduce -33.5%
PNFP Pinnacle Financial Partners 0.22% 27,968 $2.7M Reduce -36.5%
TSLA Tesla Inc. 0.22% 5,893 $2.7M Reduce -87.0%
BTDR Bitdeer Technologies Group-A 0.22% 236,364 $2.6M Add +1685.9%
GLDM SPDR Gold Minishares Trust 0.22% 30,543 $2.6M Add +18.3%
CVX Chevron Corp. 0.22% 16,989 $2.6M Add +1098.1%
BRZE Braze Inc. Class A 0.21% 75,065 $2.6M Add +48.2%
UPRO Proshares Ultrapro S&P 500 0.21% 22,087 $2.6M Add +277.5%
TENB Tenable Holdings Inc. 0.21% 108,240 $2.5M Add +21.5%

Show all 654 holdings

Portfolio Sells Q3 2025 → Q4 2025
NVDA Nvidia Corp. Reduce -64.7% 2.29% −3.90
HOOD Robinhood Markets Inc. Class A Sold out 0.00% −1.97
GOOGL Alphabet Inc. Class A Sold out 0.00% −1.94
ISRG Intuitive Surgical Inc. Sold out 0.00% −1.88
GOOG Alphabet Inc. Class C Sold out 0.00% −1.86
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −1.46
TSLA Tesla Inc. Reduce -87.0% 0.22% −1.39
HON Honeywell International Inc. Sold out 0.00% −1.15
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.93
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.92
KDP Keurig Dr Pepper Inc. Sold out 0.00% −0.86
WMT Walmart Inc. Reduce -58.0% 0.72% −0.80
APLD Applied Digital Corp. Reduce -86.0% 0.12% −0.66
QQQM Invesco Nasdaq 100 ETF Sold out 0.00% −0.65
BSX Boston Scientific Corp. Reduce -76.3% 0.20% −0.64
AVGO Broadcom Inc. Sold out 0.00% −0.61
XLK SS Technology Select Sector Sold out 0.00% −0.55
C Citigroup Inc. Sold out 0.00% −0.53
SMR Nuscale Power Corp. Sold out 0.00% −0.52
IVV iShares Core S&P 500 ETF Reduce -59.5% 0.40% −0.52
ROST Ross Stores Inc. Reduce -48.3% 0.89% −0.50
TQQQ Proshares Ultrapro QQQ Sold out 0.00% −0.49
RGTI Rigetti Computing Inc. Reduce -77.7% 0.10% −0.47
NIO Nio Inc. - ADR Sold out 0.00% −0.46
UBER Uber Technologies Inc. Sold out 0.00% −0.46
NVDL Granitesh 2X LNG Nvda ETF Sold out 0.00% −0.45
ADSK Autodesk Inc. Sold out 0.00% −0.45
FCX Freeport-McMoran Inc. Reduce -60.1% 0.51% −0.44
VRSK Verisk Analytics Inc. Reduce -58.4% 0.27% −0.43
CSCO Cisco Systems Inc. Reduce -80.1% 0.12% −0.40
META Meta Platforms Inc. Class A Reduce -17.5% 1.38% −0.40
MAR Marriott International Class A Sold out 0.00% −0.40
AGG iShares Core U.S. Aggregate Reduce -66.8% 0.20% −0.39
QUBT Quantum Computing Inc. Sold out 0.00% −0.37
RIOT Riot Platforms Inc. Sold out 0.00% −0.36
ADI Analog Devices Inc. Sold out 0.00% −0.35
K Kellanova Sold out 0.00% −0.33
IREN Iren Ltd. Sold out 0.00% −0.33
ALNY Alnylam Pharmaceuticals Inc. Reduce -86.8% 0.04% −0.33
PLUG Plug Power Inc. Sold out 0.00% −0.32
QCOM Qualcomm Inc. Sold out 0.00% −0.32
NVDX T-Rex 2X LNG Nvidia DLY TRGT Sold out 0.00% −0.31
HOLX Hologic Inc. Sold out 0.00% −0.29
FCNCA First Citizens Bcshs Class A Sold out 0.00% −0.28
RKLB Rocket Lab Corp. Sold out 0.00% −0.28
TEAM Atlassian Corp. Class A Reduce -79.5% 0.08% −0.28
KWEB Kranesh Csi China Internet Reduce -82.1% 0.05% −0.27
PGR Progressive Corp. Reduce -91.3% 0.02% −0.26
COIN Coinbase Global Inc. Class A Sold out 0.00% −0.26
INTC Intel Corp. Reduce -40.5% 0.56% −0.26

Portfolio Buys Q3 2025 → Q4 2025
AAPL Apple Inc. Add +205.0% 6.16% +4.35
VOO Vanguard S&P 500 ETF Add +250.0% 4.61% +3.38
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +323.6% 3.05% +2.35
EA Electronic Arts Inc. New 1.33% +1.33
MSFT Microsoft Corp. Add +113.6% 1.77% +0.92
BKNG Booking Holdings Inc. Add +175.0% 1.35% +0.88
LIN Linde PLC New 0.75% +0.75
TMUS T-Mobile US Inc. Add +156.7% 1.26% +0.71
NFLX Netflix Inc. New 0.70% +0.70
JPM JPMorgan Chase & Co. New 0.61% +0.61
KMB Kimberly-Clark Corp. New 0.60% +0.60
SNPS Synopsys Inc. New 0.55% +0.55
EXAS Exact Sciences Corp. New 0.53% +0.53
BAC Bank of America Corp. Add +54.3% 1.27% +0.53
CDTX Cidara Therapeutics Inc. New 0.53% +0.53
BND Vanguard Total Bond Market Add +1447.0% 0.54% +0.51
XLV SS Health Care Select Sector New 0.49% +0.49
COHR Coherent Corp. New 0.47% +0.47
WBD Warner Bros Discovery Inc. New 0.41% +0.41
ONDS Ondas Inc. New 0.41% +0.41
XOM Exxon Mobil Corp. Add +35.1% 1.20% +0.40
UAL United Airlines Holdings Inc. New 0.40% +0.40
HYG Ishr Ibx Usd Hiyld CB ETF-Ui New 0.39% +0.39
XLE SS Energy Select Sector New 0.37% +0.37
CPRT Copart Inc. New 0.33% +0.33
CCEP Coca-Cola Europacific Partne Add +692.5% 0.33% +0.29
MDLZ Mondelez International Inc. Class A New 0.28% +0.28
DDOG Datadog Inc. Class A New 0.28% +0.28
SQQQ Proshares Ultrapro Short QQQ New 0.28% +0.28
IWM iShares Russell 2000 ETF New 0.28% +0.28
SAP Sap SE-Sponsored ADR New 0.27% +0.27
XLY SS Consumer Disc Select Sect New 0.27% +0.27
NDAQ Nasdaq Inc. Add +21.0% 0.95% +0.27
TSM Taiwan Semiconductor-SP ADR Add +104.3% 0.47% +0.26
PG The Procter & Gamble Co. New 0.26% +0.26
RIVN Rivian Automotive Inc. Class A Add +209.2% 0.33% +0.26
TSLL Dirx DLY Tsla Bul 2X ETF-Aui New 0.26% +0.26
CCJ Cameco Corp. New 0.26% +0.26
VTWO Vanguard Russell 2000 ETF New 0.25% +0.25
NWSA News Corp. Class A Add +159.0% 0.43% +0.24
QBTS D-Wave Quantum Inc. Add +83.6% 0.46% +0.23
MS Morgan Stanley New 0.23% +0.23
ORCL Oracle Corp. New 0.23% +0.23
ROP Roper Technologies Inc. Add +36.9% 1.03% +0.22
IBN Icici Bank Ltd.-Spon ADR Add +685.5% 0.25% +0.22
SFM Sprouts Farmers Market Inc. Add +117.8% 0.54% +0.22
TTD Trade Desk Inc./the Class A New 0.21% +0.21
LUNR Intuitive Machines Inc. Add +289.7% 0.25% +0.21
CMG Chipotle Mexican Grill Inc. Add +377.0% 0.27% +0.21
RACE Ferrari NV Add +550.9% 0.26% +0.21

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