Martingale Asset Management L P
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Martingale Asset Management L P reported 800 stock positions worth $5.0 billion. Its top holding was Microsoft (MSFT) at 1.4% of the portfolio, followed by Alphabet Class A (GOOGL, 1.4%) and Eli Lilly (LLY, 1.3%). Compared with Q4 2023, it opened 97 new positions, sold out of 80, added to 328 and reduced 311. The biggest buy was Centene (CNC, shares +708%) and the biggest sale Broadcom (AVGO, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0000936944
- Portfolio Value
- $5.0B (Q1 2024)
- SEC Filing
- 0000936944-24-000003 ↗ filed May 14, 2024
Holdings Value
Holdings 800 stocks · $5.0B
| MSFT Microsoft Corp. | 1.42% | 169,036 | $71.1M | Reduce -11.6% |
| GOOGL Alphabet Inc. Class A | 1.35% | 448,960 | $67.8M | Reduce -5.6% |
| LLY Eli Lilly & Co. | 1.30% | 83,661 | $65.1M | Reduce -6.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.25% | 148,787 | $62.6M | Reduce -5.3% |
| MRK Merck & Co. Inc. | 1.21% | 458,256 | $60.5M | Reduce -9.1% |
| AAPL Apple Inc. | 1.19% | 347,114 | $59.5M | Add +11.0% |
| PG The Procter & Gamble Co. | 1.13% | 349,399 | $56.7M | Reduce -6.0% |
| JNJ Johnson & Johnson | 1.10% | 347,273 | $54.9M | Reduce -4.6% |
| COST Costco Wholesale Corp. | 1.07% | 73,173 | $53.6M | Reduce -11.3% |
| V Visa Inc. Class A | 1.07% | 191,933 | $53.6M | Reduce -8.0% |
| UNH Unitedhealth Group Inc. | 1.06% | 107,429 | $53.1M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 1.04% | 288,733 | $52.1M | Add +25.4% |
| INTU Intuit Inc. | 0.99% | 76,027 | $49.4M | Reduce -7.8% |
| CSCO Cisco Systems Inc. | 0.97% | 974,912 | $48.7M | Reduce -5.6% |
| MA Mastercard Inc. Class A | 0.94% | 97,505 | $47.0M | Add +51.2% |
| WMT Walmart Inc. | 0.93% | 778,718 | $46.9M | Reduce -8.3% |
| ACN Accenture PLC Class A | 0.92% | 132,517 | $45.9M | Reduce -4.6% |
| CRM Salesforce Inc. | 0.91% | 151,786 | $45.7M | Add +2.9% |
| VZ Verizon Communications Inc. | 0.90% | 1,073,967 | $45.1M | Reduce -2.6% |
| ABT Abbott Laboratories | 0.88% | 387,879 | $44.1M | Reduce -7.1% |
| AXP American Express Co. | 0.87% | 192,575 | $43.8M | Reduce -6.7% |
| META Meta Platforms Inc. Class A | 0.86% | 88,569 | $43.0M | Reduce -20.7% |
| CDNS Cadence Design SYS Inc. | 0.85% | 137,358 | $42.8M | Reduce -11.7% |
| PEP Pepsico Inc. | 0.85% | 242,783 | $42.5M | Reduce -6.2% |
| XOM Exxon Mobil Corp. | 0.84% | 362,919 | $42.2M | Reduce -15.4% |
| ELV Elevance Health Inc. | 0.81% | 78,685 | $40.8M | Reduce -4.8% |
| WM Waste Management Inc. | 0.81% | 191,005 | $40.7M | Reduce -9.4% |
| ADBE Adobe Inc. | 0.80% | 79,805 | $40.3M | Reduce -9.8% |
| KO The Coca-Cola Co. | 0.80% | 657,840 | $40.2M | Reduce -4.9% |
| RSG Republic Services Inc. | 0.78% | 204,866 | $39.2M | Reduce -10.9% |
| MCK McKesson Corp. | 0.76% | 71,170 | $38.2M | Reduce -11.2% |
| TMUS T-Mobile US Inc. | 0.76% | 232,300 | $37.9M | Reduce -6.9% |
| ORCL Oracle Corp. | 0.76% | 301,712 | $37.9M | Reduce -3.4% |
| ABBV Abbvie Inc. | 0.75% | 207,448 | $37.8M | Reduce -7.4% |
| CB Chubb Ltd. | 0.73% | 141,921 | $36.8M | Reduce -8.3% |
| PM Philip Morris International | 0.72% | 394,692 | $36.2M | Add +17.5% |
| T AT&T Inc. | 0.72% | 2,048,385 | $36.1M | Reduce -2.0% |
| KR Kroger Co. | 0.71% | 625,207 | $35.7M | Reduce -12.7% |
| AVGO Broadcom Inc. | 0.71% | 26,775 | $35.5M | Reduce -55.6% |
| ROP Roper Technologies Inc. | 0.70% | 62,691 | $35.2M | Reduce -7.2% |
| CL Colgate-Palmolive Co. | 0.69% | 384,468 | $34.6M | Reduce -0.7% |
| EA Electronic Arts Inc. | 0.69% | 260,575 | $34.6M | Reduce -3.0% |
| CASY Casey's General Stores Inc. | 0.68% | 107,747 | $34.3M | Reduce -6.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.68% | 178,482 | $34.1M | Add +29.8% |
| LMT Lockheed Martin Corp. | 0.68% | 74,549 | $33.9M | Reduce -2.6% |
| CI The Cigna Group | 0.67% | 93,043 | $33.8M | Add +1.0% |
| MO Altria Group Inc. | 0.67% | 770,561 | $33.6M | Add +4.6% |
| NOW ServiceNow Inc. | 0.66% | 43,344 | $33.0M | Add +50.7% |
| DOX Amdocs Ltd. | 0.64% | 357,460 | $32.3M | Reduce -6.4% |
| ADSK Autodesk Inc. | 0.63% | 122,073 | $31.8M | Reduce -6.6% |
| HD Home Depot Inc. | 0.63% | 82,675 | $31.7M | Add +21.5% |
| TXT Textron Inc. | 0.63% | 330,299 | $31.7M | Reduce -8.2% |
| L Loews Corp. | 0.62% | 398,359 | $31.2M | Reduce -4.1% |
| KMB Kimberly-Clark Corp. | 0.61% | 237,920 | $30.8M | Add +6.9% |
| PCAR Paccar Inc. | 0.61% | 246,682 | $30.6M | Reduce -12.2% |
| CLH Clean Harbors Inc. | 0.61% | 151,160 | $30.4M | Reduce -7.8% |
| MCD McDonald's Corp. | 0.60% | 107,400 | $30.3M | Reduce -8.2% |
| TRV The Travelers Cos Inc. | 0.60% | 131,446 | $30.3M | Reduce -6.7% |
| ADP Automatic Data Processing | 0.60% | 119,655 | $29.9M | Add +8.8% |
| GD General Dynamics Corp. | 0.59% | 105,127 | $29.7M | Reduce -7.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.58% | 69,988 | $29.3M | Reduce -8.4% |
| INGR Ingredion Inc. | 0.57% | 245,695 | $28.7M | Reduce -3.9% |
| MUSA Murphy USA Inc. | 0.57% | 67,975 | $28.5M | Reduce -4.3% |
| FERG Ferguson Jersey Ltd. | 0.57% | 129,917 | $28.4M | Add +20.7% |
| REGN Regeneron Pharmaceuticals | 0.57% | 29,462 | $28.4M | Reduce -10.1% |
| HIG Hartford Insurance Group Inc. | 0.56% | 274,065 | $28.2M | Reduce -18.4% |
| EG Everest Group Ltd. | 0.56% | 71,029 | $28.2M | Reduce -20.8% |
| CAH Cardinal Health Inc. | 0.56% | 252,093 | $28.2M | Reduce -13.6% |
| AMGN Amgen Inc. | 0.56% | 98,790 | $28.1M | Reduce -12.3% |
| MKL Markel Group Inc. | 0.56% | 18,394 | $28.0M | Reduce -8.5% |
| ZTS Zoetis Inc. | 0.56% | 165,263 | $28.0M | Reduce -6.3% |
| HII Huntington Ingalls Industrie | 0.56% | 95,718 | $27.9M | Reduce -4.7% |
| CBOE Cboe Global Markets Inc. | 0.54% | 147,203 | $27.0M | Reduce -6.1% |
| MOH Molina Healthcare Inc. | 0.53% | 64,946 | $26.7M | Add +0.2% |
| NOC Northrop Grumman Corp. | 0.53% | 55,051 | $26.4M | Reduce -4.3% |
| SNA Snap-on Inc. | 0.53% | 88,860 | $26.3M | Reduce -7.9% |
| RGA Reinsurance Group of America | 0.52% | 135,928 | $26.2M | Add +33.0% |
| EME Emcor Group Inc. | 0.51% | 72,895 | $25.5M | Add +45.0% |
| BMY Bristol-Myers Squibb Co. | 0.51% | 466,827 | $25.3M | Reduce -11.4% |
| CHE Chemed Corp. | 0.50% | 39,061 | $25.1M | Reduce -7.3% |
| DTE DTE Energy Company | 0.48% | 215,200 | $24.1M | Reduce -6.0% |
| PEG Public Service Enterprise GP | 0.48% | 359,402 | $24.0M | Reduce -6.5% |
| JPM JPMorgan Chase & Co. | 0.47% | 117,018 | $23.4M | Reduce -5.2% |
| MRSH Marsh & McLennan Cos | 0.47% | 113,535 | $23.4M | Reduce -2.8% |
| GILD Gilead Sciences Inc. | 0.46% | 314,891 | $23.1M | Reduce -6.8% |
| COR Cencora Inc. | 0.45% | 92,571 | $22.5M | Reduce -0.9% |
| CVX Chevron Corp. | 0.45% | 142,128 | $22.4M | Reduce -42.4% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.45% | 112,486 | $22.4M | Reduce -10.6% |
| CNC Centene Corp. | 0.45% | 284,714 | $22.3M | Add +708.0% |
| RNR Renaissancere Holdings Ltd. | 0.44% | 94,467 | $22.2M | Reduce -21.4% |
| CW Curtiss-Wright Corp. | 0.43% | 85,110 | $21.8M | Reduce -8.0% |
| QCOM Qualcomm Inc. | 0.43% | 128,591 | $21.8M | Add +31.5% |
| MANH Manhattan Associates Inc. | 0.43% | 85,604 | $21.4M | Reduce -4.2% |
| ETR Entergy Corp. | 0.42% | 200,583 | $21.2M | Reduce -0.3% |
| SNX TD Synnex Corp. | 0.42% | 186,025 | $21.0M | Add +468.9% |
| FFIV F5 Inc. | 0.42% | 110,409 | $20.9M | Add +75.5% |
| SAIC Science Applications Inte | 0.42% | 159,615 | $20.8M | Add +0.2% |
| DCI Donaldson Co. Inc. | 0.40% | 266,165 | $19.9M | Reduce -6.0% |
| TTEK Tetra Tech Inc. | 0.39% | 106,891 | $19.7M | Add +20.7% |
| CMCSA Comcast Corp. Class A | 0.38% | 437,153 | $19.0M | Reduce -16.8% |
Portfolio Sells Q4 2023 → Q1 2024
| AVGO Broadcom Inc. | Reduce -55.6% | 0.71% | −0.67 |
| ADM Archer-Daniels-Midland Co. | Reduce -92.6% | 0.04% | −0.56 |
| EXPD Expeditors Intl Wash Inc. | Reduce -98.2% | 0.01% | −0.52 |
| SNPS Synopsys Inc. | Reduce -66.9% | 0.27% | −0.49 |
| HUM Humana Inc. | Reduce -67.4% | 0.10% | −0.33 |
| NEM Newmont Corp. | Reduce -48.7% | 0.25% | −0.32 |
| ORLY O'reilly Automotive Inc. | Reduce -77.3% | 0.11% | −0.31 |
| CVX Chevron Corp. | Reduce -42.4% | 0.45% | −0.30 |
| ADBE Adobe Inc. | Reduce -9.8% | 0.80% | −0.27 |
| HUBB Hubbell Inc. | Reduce -90.0% | 0.04% | −0.27 |
| AEE Ameren Corporation | Reduce -95.0% | 0.01% | −0.24 |
| CHRW C.H. Robinson Worldwide Inc. | Sold out | 0.00% | −0.22 |
| TXN Texas Instruments Inc. | Reduce -89.0% | 0.03% | −0.22 |
| RGLD Royal Gold Inc. | Reduce -46.2% | 0.22% | −0.19 |
| EVRG Evergy Inc. | Reduce -97.5% | 0.00% | −0.18 |
| HSY The Hershey Co. | Reduce -46.7% | 0.20% | −0.17 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.17 |
| ED Consolidated Edison Inc. | Reduce -32.1% | 0.33% | −0.17 |
| HSIC Henry Schein Inc. | Reduce -95.5% | 0.01% | −0.17 |
| SSRM SSR Mining Inc. | Sold out | 0.00% | −0.16 |
| ZTS Zoetis Inc. | Reduce -6.3% | 0.56% | −0.15 |
| LSTR Landstar System Inc. | Reduce -26.3% | 0.33% | −0.13 |
| PFE Pfizer Inc. | Reduce -90.0% | 0.01% | −0.13 |
| ORI Old Republic Intl Corp. | Reduce -95.5% | 0.01% | −0.11 |
| CRUS Cirrus Logic Inc. | Reduce -55.8% | 0.10% | −0.10 |
| MCD McDonald's Corp. | Reduce -8.2% | 0.60% | −0.10 |
| AMGN Amgen Inc. | Reduce -12.3% | 0.56% | −0.10 |
| UNH Unitedhealth Group Inc. | Reduce -0.6% | 1.06% | −0.10 |
| TDC Teradata Corp. | Reduce -70.7% | 0.03% | −0.10 |
| GILD Gilead Sciences Inc. | Reduce -6.8% | 0.46% | −0.10 |
| CSCO Cisco Systems Inc. | Reduce -5.6% | 0.97% | −0.09 |
| CMCSA Comcast Corp. Class A | Reduce -16.8% | 0.38% | −0.09 |
| BKNG Booking Holdings Inc. | Reduce -40.8% | 0.12% | −0.08 |
| EG Everest Group Ltd. | Reduce -20.8% | 0.56% | −0.08 |
| BIIB Biogen Inc. | Reduce -7.5% | 0.25% | −0.08 |
| XEL Xcel Energy Inc. | Reduce -6.8% | 0.30% | −0.08 |
| ACN Accenture PLC Class A | Reduce -4.6% | 0.92% | −0.08 |
| AGCO Agco Corp. | Reduce -87.6% | 0.01% | −0.07 |
| JNJ Johnson & Johnson | Reduce -4.6% | 1.10% | −0.07 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Reduce -10.6% | 0.45% | −0.07 |
| INTU Intuit Inc. | Reduce -7.8% | 0.99% | −0.07 |
| CEG Constellation Energy | Sold out | 0.00% | −0.06 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.06 |
| TMUS T-Mobile US Inc. | Reduce -6.9% | 0.76% | −0.06 |
| EA Electronic Arts Inc. | Reduce -3.0% | 0.69% | −0.06 |
| PPL PPL Corp. | Reduce -53.0% | 0.05% | −0.06 |
| ABT Abbott Laboratories | Reduce -7.1% | 0.88% | −0.06 |
| VSH Vishay Intertechnology Inc. | Reduce -88.5% | 0.01% | −0.06 |
| HST Host Hotels & Resorts Inc. | Sold out | 0.00% | −0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -8.4% | 0.58% | −0.05 |
Portfolio Buys Q4 2023 → Q1 2024
| CNC Centene Corp. | Add +708.0% | 0.45% | +0.39 |
| MA Mastercard Inc. Class A | Add +51.2% | 0.94% | +0.38 |
| NTAP Netapp Inc. | New | 0.36% | +0.36 |
| SNX TD Synnex Corp. | Add +468.9% | 0.42% | +0.35 |
| AMZN Amazon.com Inc. | Add +25.4% | 1.04% | +0.32 |
| EME Emcor Group Inc. | Add +45.0% | 0.51% | +0.29 |
| LDOS Leidos Holdings Inc. | Add +1923.8% | 0.29% | +0.28 |
| NOW ServiceNow Inc. | Add +50.7% | 0.66% | +0.24 |
| MPC Marathon Petroleum Corp. | Add +97.8% | 0.37% | +0.23 |
| IBM Intl Business Machines Corp. | Add +29.8% | 0.68% | +0.22 |
| ANET Arista Networks Inc. | Add +98.8% | 0.34% | +0.20 |
| PH Parker Hannifin Corp. | Add +1042.7% | 0.20% | +0.19 |
| FFIV F5 Inc. | Add +75.5% | 0.42% | +0.19 |
| RGA Reinsurance Group of America | Add +33.0% | 0.52% | +0.19 |
| SYY Sysco Corp. | Add +887.3% | 0.20% | +0.18 |
| HD Home Depot Inc. | Add +21.5% | 0.63% | +0.15 |
| QCOM Qualcomm Inc. | Add +31.5% | 0.43% | +0.15 |
| FERG Ferguson Jersey Ltd. | Add +20.7% | 0.57% | +0.14 |
| SEIC Sei Investments Company | New | 0.14% | +0.14 |
| BNY Bank of New York Mellon Corp. | Add +103.8% | 0.25% | +0.14 |
| NVDA Nvidia Corp. | Add +217.9% | 0.16% | +0.13 |
| CRM Salesforce Inc. | Add +2.9% | 0.91% | +0.12 |
| CI The Cigna Group | Add +1.0% | 0.67% | +0.11 |
| PGR Progressive Corp. | Add +309.9% | 0.14% | +0.11 |
| ZM Zoom Communications Inc. | Add +112.1% | 0.22% | +0.10 |
| TTEK Tetra Tech Inc. | Add +20.7% | 0.39% | +0.09 |
| WDAY Workday Inc. Class A | Add +146.3% | 0.16% | +0.09 |
| JHG Janus Henderson Group PLC | Add +675.1% | 0.10% | +0.09 |
| AMG Affiliated Managers Group | New | 0.08% | +0.08 |
| BDX Becton Dickinson and Co. | Add +565.1% | 0.10% | +0.08 |
| AOS Smith (a.o.) Corp. | Add +115.0% | 0.14% | +0.08 |
| MMM 3M Co. | Add +461.9% | 0.10% | +0.08 |
| PM Philip Morris International | Add +17.5% | 0.72% | +0.08 |
| EHC Encompass Health Corp. | Add +11.7% | 0.29% | +0.08 |
| ADP Automatic Data Processing | Add +8.8% | 0.60% | +0.07 |
| ALL Allstate Corp. | New | 0.07% | +0.07 |
| MSI Motorola Solutions Inc. | Add +20.6% | 0.28% | +0.07 |
| POST Post Holdings Inc. | Add +1370.9% | 0.07% | +0.07 |
| BPOP Popular Inc. | Add +262.0% | 0.09% | +0.07 |
| MO Altria Group Inc. | Add +4.6% | 0.67% | +0.06 |
| KMB Kimberly-Clark Corp. | Add +6.9% | 0.61% | +0.06 |
| GL Globe Life Inc. | Add +101.5% | 0.13% | +0.06 |
| LOPE Grand Canyon Education Inc. | Add +22.3% | 0.32% | +0.06 |
| BG Bunge Global SA | Add +64.8% | 0.15% | +0.06 |
| DINO HF Sinclair Corp. | Add +54.6% | 0.15% | +0.06 |
| USFD US Foods Holding Corp. | Add +95.8% | 0.10% | +0.06 |
| HCA HCA Healthcare Inc. | Add +165.0% | 0.08% | +0.06 |
| SF Stifel Financial Corp. | Add +88.5% | 0.11% | +0.06 |
| MOH Molina Healthcare Inc. | Add +0.2% | 0.53% | +0.05 |
| TXRH Texas Roadhouse Inc. | Add +1.7% | 0.26% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 828 | $4.2B | AAPL, GOOGL, AMZN, LLY, NVDA |
| Q1 2026 | 794 | $4.0B | AAPL, JNJ, XOM, GOOGL, MSFT |
| Q4 2025 | 770 | $3.9B | AAPL, GOOGL, MSFT, AMZN, JNJ |
| Q3 2025 | 756 | $4.0B | GOOGL, MSFT, AAPL, AMZN, META |
| Q2 2025 | 779 | $4.1B | MSFT, AMZN, GOOGL, META, BRK.B |
| Q1 2025 | 766 | $3.9B | BRK.B, MSFT, T, AMZN, AAPL |
| Q4 2024 | 756 | $4.1B | GOOGL, AMZN, AAPL, MSFT, BRK.B |
| Q3 2024 | 784 | $4.4B | AAPL, MSFT, GOOGL, BRK.B, LLY |
| Q2 2024 | 781 | $4.6B | GOOGL, MSFT, AAPL, LLY, AMZN |
| Q1 2024 | 800 | $5.0B | MSFT, GOOGL, LLY, BRK.B, MRK |