Panagora Asset Management Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Panagora Asset Management Inc. reported 1,147 stock positions worth $24.8 billion. Its top holding was Nvidia (NVDA) at 7.7% of the portfolio, followed by Apple (AAPL, 5.6%) and Microsoft (MSFT, 5.5%). Compared with Q2 2025, it opened 157 new positions, sold out of 121, added to 478 and reduced 364. The biggest buy was Apple (AAPL, shares +9%) and the biggest sale Unitedhealth (UNH, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0000883677
- Portfolio Value
- $24.8B (Q3 2025)
- SEC Filing
- 0001172661-25-004745 ↗ filed Nov 13, 2025
Holdings Value
Holdings 1,147 stocks · $24.8B
| NVDA Nvidia Corp. | 7.75% | 10,306,646 | $1.9B | Add +1.3% |
| AAPL Apple Inc. | 5.65% | 5,502,870 | $1.4B | Add +9.3% |
| MSFT Microsoft Corp. | 5.45% | 2,612,561 | $1.4B | Add +9.9% |
| META Meta Platforms Inc. Class A | 3.06% | 1,035,827 | $760.7M | Add +6.8% |
| AMZN Amazon.com Inc. | 2.90% | 3,275,357 | $719.2M | Add +7.5% |
| AVGO Broadcom Inc. | 2.16% | 1,623,013 | $535.4M | Add +17.0% |
| GOOGL Alphabet Inc. Class A | 2.05% | 2,094,511 | $509.2M | Add +10.6% |
| GOOG Alphabet Inc. Class C | 1.70% | 1,731,468 | $421.7M | Add +26.3% |
| JPM JPMorgan Chase & Co. | 1.54% | 1,213,611 | $382.8M | Reduce -4.4% |
| TSLA Tesla Inc. | 1.40% | 782,880 | $348.2M | Reduce -4.4% |
| MA Mastercard Inc. Class A | 1.37% | 597,081 | $339.6M | Add +2.5% |
| PLTR Palantir Technologies Inc. Class A | 1.02% | 1,393,088 | $254.1M | Reduce -21.2% |
| PM Philip Morris International | 0.97% | 1,478,884 | $239.9M | Reduce -2.2% |
| ANET Arista Networks Inc. | 0.89% | 1,517,861 | $221.2M | Reduce -2.0% |
| BKNG Booking Holdings Inc. | 0.88% | 40,528 | $218.8M | Add +34.1% |
| MCK McKesson Corp. | 0.81% | 258,941 | $200.0M | Add +63.2% |
| V Visa Inc. Class A | 0.78% | 564,923 | $192.9M | Reduce -23.2% |
| NOW ServiceNow Inc. | 0.75% | 202,237 | $186.1M | Reduce -6.6% |
| SYF Synchrony Financial | 0.74% | 2,594,751 | $184.4M | Add +5.3% |
| GILD Gilead Sciences Inc. | 0.70% | 1,567,001 | $173.9M | Reduce -1.3% |
| DASH DoorDash Inc. Class A | 0.70% | 639,090 | $173.8M | Reduce -17.3% |
| DTE DTE Energy Company | 0.68% | 1,190,037 | $168.3M | Add +0.3% |
| UBER Uber Technologies Inc. | 0.66% | 1,683,426 | $164.9M | Reduce -19.1% |
| SPG Simon Property Group Inc. | 0.65% | 858,675 | $161.1M | Add +9.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.65% | 3,105,460 | $160.2M | Add +31.0% |
| WMT Walmart Inc. | 0.64% | 1,548,268 | $159.6M | Reduce -31.1% |
| ALL Allstate Corp. | 0.63% | 731,157 | $156.9M | Add +71.4% |
| NEM Newmont Corp. | 0.62% | 1,825,996 | $153.9M | Add +26.3% |
| MPC Marathon Petroleum Corp. | 0.62% | 797,446 | $153.7M | Reduce -9.8% |
| QCOM Qualcomm Inc. | 0.62% | 917,895 | $152.7M | Reduce -1.9% |
| NFLX Netflix Inc. | 0.59% | 122,657 | $147.1M | Add +22.1% |
| FFIV F5 Inc. | 0.59% | 451,983 | $146.1M | Add +2.9% |
| EXC Exelon Corp. | 0.58% | 3,204,021 | $144.2M | Add +6.0% |
| AME Ametek Inc. | 0.58% | 765,847 | $144.0M | Add +39.9% |
| HIG Hartford Insurance Group Inc. | 0.57% | 1,061,844 | $141.6M | Add +9.3% |
| LLY Eli Lilly & Co. | 0.57% | 185,183 | $141.3M | Add +36.2% |
| PNR Pentair PLC | 0.55% | 1,229,594 | $136.2M | Add +4.2% |
| ACM Aecom | 0.54% | 1,026,705 | $134.0M | Add +97.0% |
| LRCX Lam Research Corp. | 0.54% | 995,521 | $133.3M | Add +19.6% |
| BMY Bristol-Myers Squibb Co. | 0.54% | 2,950,811 | $133.1M | Add +18.4% |
| COST Costco Wholesale Corp. | 0.52% | 139,193 | $128.8M | Add +81.7% |
| COF Capital One Financial Corp. | 0.52% | 605,529 | $128.7M | Add +18.9% |
| TT Trane Technologies PLC | 0.51% | 299,475 | $126.4M | Reduce -35.7% |
| INCY Incyte Corp. | 0.51% | 1,478,372 | $125.4M | Add +47.5% |
| SCHW Schwab (charles) Corp. | 0.49% | 1,279,360 | $122.1M | Add +78.1% |
| AMGN Amgen Inc. | 0.49% | 427,014 | $120.5M | Reduce -12.9% |
| PH Parker Hannifin Corp. | 0.48% | 158,145 | $119.9M | Reduce -7.6% |
| VEEV Veeva Systems Inc. Class A | 0.45% | 373,494 | $111.3M | Add +64.4% |
| PBUS Invesco MSCI USA ETF | 0.45% | 1,649,300 | $110.6M | No change |
| PANW Palo Alto Networks Inc. | 0.44% | 531,115 | $108.1M | Reduce -3.1% |
| AMT American Tower Corp. | 0.43% | 550,305 | $105.8M | Add +57.1% |
| HWM Howmet Aerospace Inc. | 0.42% | 534,304 | $104.8M | Reduce -0.3% |
| GD General Dynamics Corp. | 0.42% | 307,351 | $104.8M | Add +28.5% |
| ETR Entergy Corp. | 0.42% | 1,111,285 | $103.6M | Reduce -30.4% |
| APP AppLovin Corp. Class A | 0.42% | 143,978 | $103.5M | Add +108.1% |
| PGR Progressive Corp. | 0.38% | 380,732 | $94.0M | Reduce -44.2% |
| ZM Zoom Communications Inc. | 0.38% | 1,132,383 | $93.4M | Add +79.1% |
| CTAS Cintas Corp. | 0.37% | 447,100 | $91.8M | Reduce -42.4% |
| USFD US Foods Holding Corp. | 0.37% | 1,190,420 | $91.2M | Add +7.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.36% | 823,631 | $89.7M | Add +144.8% |
| WFC Wells Fargo & Co. | 0.36% | 1,070,171 | $89.7M | Reduce -47.5% |
| DDOG Datadog Inc. Class A | 0.36% | 620,790 | $88.4M | Add +5.9% |
| INTU Intuit Inc. | 0.35% | 128,871 | $88.0M | Add +7.0% |
| XOM Exxon Mobil Corp. | 0.35% | 775,954 | $87.5M | Add +36.5% |
| NTRS Northern Trust Corp. | 0.35% | 649,888 | $87.5M | Add +124.6% |
| VRT Vertiv Holdings Co. Class A | 0.34% | 561,993 | $84.8M | Reduce -1.8% |
| AMAT Applied Materials Inc. | 0.34% | 406,156 | $83.2M | Add +15.4% |
| BSX Boston Scientific Corp. | 0.33% | 844,870 | $82.5M | Add +26.5% |
| HCA HCA Healthcare Inc. | 0.33% | 190,724 | $81.3M | Add +3892.6% |
| FCX Freeport-McMoran Inc. | 0.33% | 2,060,319 | $80.8M | Reduce -1.9% |
| PEP Pepsico Inc. | 0.32% | 571,896 | $80.3M | Add +26.6% |
| EOG EOG Resources Inc. | 0.32% | 704,753 | $79.0M | Add +41.0% |
| ED Consolidated Edison Inc. | 0.31% | 777,373 | $78.1M | Add +2049.4% |
| DAL Delta Air Lines Inc. | 0.31% | 1,375,555 | $78.1M | Add +54.5% |
| BWA Borgwarner Inc. | 0.31% | 1,765,941 | $77.6M | New |
| ESTC Elastic NV | 0.31% | 916,413 | $77.4M | Add +97.4% |
| EME Emcor Group Inc. | 0.31% | 116,577 | $75.7M | Reduce -1.8% |
| NRG NRG Energy Inc. | 0.30% | 461,477 | $74.7M | Add +19.0% |
| CRM Salesforce Inc. | 0.30% | 314,855 | $74.6M | Reduce -4.0% |
| DHI D.R. Horton Inc. | 0.30% | 437,282 | $74.1M | Add +6925.7% |
| DD Dupont DE Nemours Inc. | 0.29% | 929,828 | $72.4M | Add +50.8% |
| MELI MercadoLibre Inc. | 0.28% | 30,271 | $70.7M | Reduce -12.2% |
| CI The Cigna Group | 0.28% | 243,815 | $70.3M | Add +28.5% |
| EBAY eBay Inc. | 0.28% | 760,049 | $69.1M | Reduce -8.7% |
| SYK Stryker Corp. | 0.28% | 186,839 | $69.1M | Reduce -38.6% |
| RBLX Roblox Corp. Class A | 0.28% | 497,863 | $69.0M | Reduce -36.5% |
| ADBE Adobe Inc. | 0.27% | 193,337 | $68.2M | Reduce -17.8% |
| MDT Medtronic PLC | 0.27% | 711,546 | $67.8M | Reduce -30.0% |
| CW Curtiss-Wright Corp. | 0.27% | 123,945 | $67.3M | Reduce -2.4% |
| CEG Constellation Energy | 0.27% | 203,628 | $67.0M | Reduce -3.9% |
| VMC Vulcan Materials Co. | 0.27% | 217,705 | $67.0M | Reduce -26.6% |
| BKR Baker Hughes Co. | 0.26% | 1,332,629 | $64.9M | Add +20.8% |
| KO The Coca-Cola Co. | 0.26% | 959,771 | $63.7M | Reduce -24.7% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 211,160 | $63.5M | Reduce -29.5% |
| WAB Wabtec Corp. | 0.25% | 314,785 | $63.1M | Add +9.0% |
| MNST Monster Beverage Corp. | 0.25% | 932,966 | $62.8M | Reduce -5.4% |
| CTVA Corteva Inc. | 0.25% | 905,084 | $61.2M | Add +128.7% |
| GM General Motors Co. | 0.24% | 979,388 | $59.7M | Add +21.0% |
| PINS Pinterest Inc. Class A | 0.24% | 1,820,904 | $58.6M | Reduce -23.4% |
| TEL Te Connectivity PLC | 0.23% | 264,028 | $58.0M | Add +996.8% |
Portfolio Sells Q2 2025 → Q3 2025
| UNH Unitedhealth Group Inc. | Reduce -86.9% | 0.09% | −0.62 |
| PGR Progressive Corp. | Reduce -44.2% | 0.38% | −0.44 |
| CTAS Cintas Corp. | Reduce -42.4% | 0.37% | −0.41 |
| TT Trane Technologies PLC | Reduce -35.7% | 0.51% | −0.41 |
| V Visa Inc. Class A | Reduce -23.2% | 0.78% | −0.40 |
| WFC Wells Fargo & Co. | Reduce -47.5% | 0.36% | −0.38 |
| COR Cencora Inc. | Reduce -99.4% | 0.00% | −0.36 |
| WMT Walmart Inc. | Reduce -31.1% | 0.64% | −0.35 |
| CVS CVS Health Corp. | Reduce -96.6% | 0.01% | −0.34 |
| CBOE Cboe Global Markets Inc. | Reduce -99.4% | 0.00% | −0.33 |
| ES Eversource Energy | Reduce -99.4% | 0.00% | −0.32 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.28 |
| PM Philip Morris International | Reduce -2.2% | 0.97% | −0.28 |
| INDA iShares MSCI India ETF | Reduce -73.0% | 0.08% | −0.27 |
| SYK Stryker Corp. | Reduce -38.6% | 0.28% | −0.26 |
| NOW ServiceNow Inc. | Reduce -6.6% | 0.75% | −0.25 |
| EQIX Equinix Inc. | Reduce -95.6% | 0.01% | −0.25 |
| EA Electronic Arts Inc. | Reduce -66.2% | 0.14% | −0.23 |
| UBER Uber Technologies Inc. | Reduce -19.1% | 0.66% | −0.21 |
| JNJ Johnson & Johnson | Reduce -70.0% | 0.10% | −0.20 |
| CAH Cardinal Health Inc. | Reduce -72.8% | 0.05% | −0.19 |
| ETR Entergy Corp. | Reduce -30.4% | 0.42% | −0.18 |
| DECK Deckers Outdoor Corp. | Reduce -93.7% | 0.01% | −0.18 |
| RSG Republic Services Inc. | Reduce -34.5% | 0.21% | −0.17 |
| DASH DoorDash Inc. Class A | Reduce -17.3% | 0.70% | −0.16 |
| TRV The Travelers Cos Inc. | Reduce -48.7% | 0.14% | −0.15 |
| SPOT Spotify Technology SA | Reduce -29.9% | 0.20% | −0.15 |
| KO The Coca-Cola Co. | Reduce -24.7% | 0.26% | −0.15 |
| PINS Pinterest Inc. Class A | Reduce -23.4% | 0.24% | −0.15 |
| KLAC KLA Corp. | Reduce -93.6% | 0.01% | −0.14 |
| LDOS Leidos Holdings Inc. | Reduce -92.8% | 0.01% | −0.14 |
| SPGI S&P Global Inc. | Reduce -96.3% | 0.00% | −0.14 |
| TRGP Targa Resources Corp. | Reduce -92.3% | 0.01% | −0.14 |
| ADBE Adobe Inc. | Reduce -17.8% | 0.27% | −0.14 |
| MSCI MSCI Inc. | Reduce -56.5% | 0.08% | −0.13 |
| VLO Valero Energy Corp. | Reduce -97.4% | 0.00% | −0.13 |
| AMGN Amgen Inc. | Reduce -12.9% | 0.49% | −0.13 |
| JCI Johnson Controls Internation | Reduce -90.7% | 0.01% | −0.13 |
| VMRK Vivmark Residential | Reduce -56.9% | 0.08% | −0.13 |
| HUM Humana Inc. | Reduce -99.3% | 0.00% | −0.13 |
| MDT Medtronic PLC | Reduce -30.0% | 0.27% | −0.13 |
| GDDY GoDaddy Inc. Class A | Reduce -52.5% | 0.06% | −0.12 |
| LMT Lockheed Martin Corp. | Reduce -97.4% | 0.00% | −0.12 |
| RJF Raymond James Financial Inc. | Reduce -63.6% | 0.07% | −0.12 |
| COP Conocophillips | Reduce -97.5% | 0.00% | −0.12 |
| MELI MercadoLibre Inc. | Reduce -12.2% | 0.28% | −0.12 |
| MSI Motorola Solutions Inc. | Reduce -44.8% | 0.14% | −0.12 |
| JPM JPMorgan Chase & Co. | Reduce -4.4% | 1.54% | −0.12 |
| CRH CRH PLC | Reduce -97.7% | 0.00% | −0.11 |
| GWRE Guidewire Software Inc. | Reduce -94.1% | 0.01% | −0.11 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +9.3% | 5.65% | +0.99 |
| GOOG Alphabet Inc. Class C | Add +26.3% | 1.70% | +0.60 |
| GOOGL Alphabet Inc. Class A | Add +10.6% | 2.05% | +0.55 |
| NVDA Nvidia Corp. | Add +1.3% | 7.75% | +0.50 |
| AVGO Broadcom Inc. | Add +17.0% | 2.16% | +0.43 |
| HCA HCA Healthcare Inc. | Add +3892.6% | 0.33% | +0.32 |
| BWA Borgwarner Inc. | New | 0.31% | +0.31 |
| APP AppLovin Corp. Class A | Add +108.1% | 0.42% | +0.31 |
| ED Consolidated Edison Inc. | Add +2049.4% | 0.31% | +0.30 |
| DHI D.R. Horton Inc. | Add +6925.7% | 0.30% | +0.29 |
| MCK McKesson Corp. | Add +63.2% | 0.81% | +0.28 |
| ACM Aecom | Add +97.0% | 0.54% | +0.27 |
| ALL Allstate Corp. | Add +71.4% | 0.63% | +0.25 |
| NEM Newmont Corp. | Add +26.3% | 0.62% | +0.24 |
| BNY Bank of New York Mellon Corp. | Add +144.8% | 0.36% | +0.22 |
| ZS Zscaler Inc. | New | 0.22% | +0.22 |
| TEL Te Connectivity PLC | Add +996.8% | 0.23% | +0.22 |
| INCY Incyte Corp. | Add +47.5% | 0.51% | +0.20 |
| SCHW Schwab (charles) Corp. | Add +78.1% | 0.49% | +0.20 |
| NTRS Northern Trust Corp. | Add +124.6% | 0.35% | +0.19 |
| COST Costco Wholesale Corp. | Add +81.7% | 0.52% | +0.18 |
| IBKR Interactive Brokers Gro Class A | Add +940.8% | 0.19% | +0.17 |
| APO Apollo Global Management Inc. | Add +2503.3% | 0.18% | +0.17 |
| LRCX Lam Research Corp. | Add +19.6% | 0.54% | +0.17 |
| REGN Regeneron Pharmaceuticals | Add +3463.0% | 0.18% | +0.17 |
| HST Host Hotels & Resorts Inc. | Add +19676.3% | 0.17% | +0.17 |
| CVX Chevron Corp. | Add +1157.0% | 0.18% | +0.17 |
| CARR Carrier Global Corp. | Add +2771.1% | 0.17% | +0.17 |
| ZM Zoom Communications Inc. | Add +79.1% | 0.38% | +0.15 |
| VEEV Veeva Systems Inc. Class A | Add +64.4% | 0.45% | +0.15 |
| ICE Intercontinental Exchange Inc. | Add +4443.0% | 0.16% | +0.15 |
| ALLE Allegion PLC | Add +4625.1% | 0.15% | +0.15 |
| ELV Elevance Health Inc. | Add +295.3% | 0.22% | +0.15 |
| BAC Bank of America Corp. | Add +31.0% | 0.65% | +0.14 |
| ULTA Ulta Beauty Inc. | Add +830.0% | 0.15% | +0.14 |
| LYFT LYFT Inc. Class A | Add +1922.8% | 0.14% | +0.14 |
| ESTC Elastic NV | Add +97.4% | 0.31% | +0.14 |
| AME Ametek Inc. | Add +39.9% | 0.58% | +0.13 |
| USB US Bancorp | Add +3572.5% | 0.13% | +0.13 |
| MSFT Microsoft Corp. | Add +9.9% | 5.45% | +0.13 |
| TER Teradyne Inc. | New | 0.12% | +0.12 |
| JBL Jabil Inc. | Add +208.7% | 0.19% | +0.12 |
| LHX L3HARRIS Technologies Inc. | Add +3064.4% | 0.12% | +0.12 |
| DAL Delta Air Lines Inc. | Add +54.5% | 0.31% | +0.12 |
| C Citigroup Inc. | Add +154.6% | 0.18% | +0.12 |
| THC Tenet Healthcare Corp. | Add +1280.2% | 0.12% | +0.12 |
| CTVA Corteva Inc. | Add +128.7% | 0.25% | +0.11 |
| APTV Aptiv PLC | Add +136.2% | 0.18% | +0.11 |
| CDE Coeur Mining Inc. | New | 0.11% | +0.11 |
| NTRA Natera Inc. | Add +201.3% | 0.18% | +0.11 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,163 | $32.6B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q1 2026 | 1,159 | $26.7B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q4 2025 | 1,176 | $28.2B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 1,147 | $24.8B | NVDA, AAPL, MSFT, META, AMZN |
| Q2 2025 | 1,111 | $22.2B | NVDA, MSFT, AAPL, META, AMZN |
| Q1 2025 | 1,098 | $20.0B | AAPL, NVDA, MSFT, AMZN, META |
| Q4 2024 | 1,128 | $21.6B | NVDA, AAPL, MSFT, AMZN, META |
| Q3 2024 | 1,191 | $20.9B | AAPL, NVDA, MSFT, AMZN, META |
| Q2 2024 | 1,180 | $19.9B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2024 | 1,202 | $19.2B | MSFT, AAPL, NVDA, AMZN, META |