Panagora Asset Management Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Panagora Asset Management Inc. reported 1,176 stock positions worth $28.2 billion. Its top holding was Nvidia (NVDA) at 7.5% of the portfolio, followed by Apple (AAPL, 6.1%) and Microsoft (MSFT, 5.1%). Compared with Q3 2025, it opened 129 new positions, sold out of 101, added to 516 and reduced 381. The biggest buy was Alphabet Class A (GOOGL, shares +30%) and the biggest sale JPMorgan Chase (JPM, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0000883677
- Portfolio Value
- $28.2B (Q4 2025)
- SEC Filing
- 0001172661-26-000738 ↗ filed Feb 13, 2026
Holdings Value
Holdings 1,176 stocks · $28.2B
| NVDA Nvidia Corp. | 7.51% | 11,356,595 | $2.1B | Add +10.2% |
| AAPL Apple Inc. | 6.13% | 6,364,252 | $1.7B | Add +15.7% |
| MSFT Microsoft Corp. | 5.06% | 2,953,277 | $1.4B | Add +13.0% |
| AMZN Amazon.com Inc. | 3.11% | 3,798,165 | $876.7M | Add +16.0% |
| GOOGL Alphabet Inc. Class A | 3.03% | 2,731,414 | $854.9M | Add +30.4% |
| META Meta Platforms Inc. Class A | 2.53% | 1,080,225 | $713.0M | Add +4.3% |
| AVGO Broadcom Inc. | 2.35% | 1,918,030 | $663.8M | Add +18.2% |
| GOOG Alphabet Inc. Class C | 2.02% | 1,815,394 | $569.7M | Add +4.8% |
| TSLA Tesla Inc. | 1.54% | 964,116 | $433.6M | Add +23.1% |
| MA Mastercard Inc. Class A | 1.34% | 661,889 | $377.9M | Add +10.8% |
| LLY Eli Lilly & Co. | 1.29% | 337,865 | $363.1M | Add +82.5% |
| PM Philip Morris International | 0.94% | 1,655,757 | $265.6M | Add +12.0% |
| JPM JPMorgan Chase & Co. | 0.93% | 813,949 | $262.3M | Reduce -32.9% |
| SYF Synchrony Financial | 0.89% | 3,016,155 | $251.6M | Add +16.2% |
| MCK McKesson Corp. | 0.87% | 299,595 | $245.8M | Add +15.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.82% | 4,220,959 | $232.2M | Add +35.9% |
| PLTR Palantir Technologies Inc. Class A | 0.81% | 1,292,017 | $229.7M | Reduce -7.3% |
| WMT Walmart Inc. | 0.76% | 1,930,188 | $215.0M | Add +24.7% |
| NOW ServiceNow Inc. | 0.75% | 1,384,252 | $212.1M | Add +36.9% |
| HIG Hartford Insurance Group Inc. | 0.74% | 1,518,322 | $209.2M | Add +43.0% |
| BKNG Booking Holdings Inc. | 0.73% | 38,252 | $204.9M | Reduce -5.6% |
| ANET Arista Networks Inc. | 0.68% | 1,470,867 | $192.7M | Reduce -3.1% |
| LRCX Lam Research Corp. | 0.68% | 1,112,808 | $190.5M | Add +11.8% |
| GD General Dynamics Corp. | 0.63% | 531,693 | $179.0M | Add +73.0% |
| BMY Bristol-Myers Squibb Co. | 0.63% | 3,295,820 | $177.8M | Add +11.7% |
| SPG Simon Property Group Inc. | 0.63% | 954,883 | $176.8M | Add +11.2% |
| XOM Exxon Mobil Corp. | 0.63% | 1,468,330 | $176.7M | Add +89.2% |
| ALL Allstate Corp. | 0.63% | 848,222 | $176.6M | Add +16.0% |
| PNR Pentair PLC | 0.57% | 1,550,935 | $161.5M | Add +26.1% |
| EXC Exelon Corp. | 0.57% | 3,686,978 | $160.7M | Add +15.1% |
| NEM Newmont Corp. | 0.57% | 1,605,220 | $160.3M | Reduce -12.1% |
| QCOM Qualcomm Inc. | 0.56% | 927,271 | $158.6M | Add +1.0% |
| GILD Gilead Sciences Inc. | 0.54% | 1,245,653 | $152.9M | Reduce -20.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.53% | 1,290,910 | $149.9M | Add +56.7% |
| COST Costco Wholesale Corp. | 0.52% | 171,313 | $147.7M | Add +23.1% |
| JNJ Johnson & Johnson | 0.52% | 713,771 | $147.7M | Add +444.5% |
| FCX Freeport-McMoran Inc. | 0.52% | 2,870,856 | $145.8M | Add +39.3% |
| COF Capital One Financial Corp. | 0.51% | 589,167 | $142.8M | Reduce -2.7% |
| BSX Boston Scientific Corp. | 0.50% | 1,489,184 | $142.0M | Add +76.3% |
| WFC Wells Fargo & Co. | 0.50% | 1,520,777 | $141.7M | Add +42.1% |
| UBER Uber Technologies Inc. | 0.50% | 1,715,802 | $140.2M | Add +1.9% |
| NTRS Northern Trust Corp. | 0.49% | 1,002,267 | $136.9M | Add +54.2% |
| PH Parker Hannifin Corp. | 0.48% | 153,964 | $135.3M | Reduce -2.6% |
| DVN Devon Energy Corp. | 0.47% | 3,609,228 | $132.2M | Add +42376.5% |
| INTU Intuit Inc. | 0.47% | 199,556 | $132.2M | Add +54.9% |
| DAL Delta Air Lines Inc. | 0.44% | 1,804,005 | $125.2M | Add +31.1% |
| ACM Aecom | 0.43% | 1,281,656 | $122.2M | Add +24.8% |
| ED Consolidated Edison Inc. | 0.42% | 1,202,305 | $119.4M | Add +54.7% |
| CRM Salesforce Inc. | 0.41% | 441,184 | $116.9M | Add +40.1% |
| V Visa Inc. Class A | 0.41% | 331,815 | $116.4M | Reduce -41.3% |
| PBUS Invesco MSCI USA ETF | 0.40% | 1,648,358 | $112.8M | Reduce -0.1% |
| USFD US Foods Holding Corp. | 0.40% | 1,496,933 | $112.7M | Add +25.8% |
| MU Micron Technology Inc. | 0.39% | 388,935 | $111.0M | Add +384.3% |
| KO The Coca-Cola Co. | 0.39% | 1,560,733 | $109.1M | Add +62.6% |
| BKR Baker Hughes Co. | 0.39% | 2,393,530 | $109.0M | Add +79.6% |
| EBAY eBay Inc. | 0.38% | 1,236,326 | $107.7M | Add +62.7% |
| STT State Street Corp. | 0.38% | 833,197 | $107.5M | Add +73.9% |
| VTR Ventas Inc. | 0.38% | 1,371,835 | $106.2M | Add +86.9% |
| GM General Motors Co. | 0.37% | 1,283,945 | $104.4M | Add +31.1% |
| VEEV Veeva Systems Inc. Class A | 0.37% | 464,214 | $103.6M | Add +24.3% |
| DTE DTE Energy Company | 0.37% | 803,129 | $103.6M | Reduce -32.5% |
| NRG NRG Energy Inc. | 0.36% | 642,570 | $102.3M | Add +39.2% |
| BWA Borgwarner Inc. | 0.36% | 2,245,880 | $101.2M | Add +27.2% |
| ALLE Allegion PLC | 0.35% | 624,297 | $99.4M | Add +191.8% |
| HWM Howmet Aerospace Inc. | 0.35% | 482,670 | $99.0M | Reduce -9.7% |
| HCA HCA Healthcare Inc. | 0.35% | 210,905 | $98.5M | Add +10.6% |
| INCY Incyte Corp. | 0.35% | 992,115 | $98.0M | Reduce -32.9% |
| EXPE Expedia Group Inc. | 0.35% | 345,449 | $97.9M | Add +150.5% |
| MO Altria Group Inc. | 0.34% | 1,681,875 | $97.0M | Add +4053.7% |
| ZM Zoom Communications Inc. | 0.34% | 1,123,782 | $97.0M | Reduce -0.8% |
| NTRA Natera Inc. | 0.32% | 393,420 | $90.1M | Add +42.3% |
| CEG Constellation Energy | 0.31% | 246,268 | $87.0M | Add +20.9% |
| BPOP Popular Inc. | 0.30% | 680,282 | $84.7M | Add +85.2% |
| AMGN Amgen Inc. | 0.30% | 257,963 | $84.4M | Reduce -39.6% |
| VRT Vertiv Holdings Co. Class A | 0.29% | 500,366 | $81.1M | Reduce -11.0% |
| ADSK Autodesk Inc. | 0.28% | 271,270 | $80.3M | Add +222.0% |
| CSCO Cisco Systems Inc. | 0.28% | 1,039,345 | $80.1M | Add +1243.7% |
| AA Alcoa Corp. | 0.28% | 1,496,468 | $79.5M | Add +93.1% |
| ESTC Elastic NV | 0.28% | 1,031,378 | $77.8M | Add +12.6% |
| DASH DoorDash Inc. Class A | 0.27% | 339,342 | $76.9M | Reduce -46.9% |
| GE General Electric filed as GE AEROSPACE | 0.27% | 248,426 | $76.5M | Add +17.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.27% | 151,779 | $76.3M | Add +44.7% |
| OSK Oshkosh Corp. | 0.27% | 607,003 | $76.3M | Add +147.9% |
| SNOW Snowflake Inc. | 0.27% | 347,291 | $76.2M | Add +51.5% |
| UNH Unitedhealth Group Inc. | 0.26% | 226,253 | $74.7M | Add +243.8% |
| MRK Merck & Co. Inc. | 0.26% | 705,442 | $74.3M | Add +410.5% |
| SCHW Schwab (charles) Corp. | 0.26% | 724,440 | $72.4M | Reduce -43.4% |
| MDT Medtronic PLC | 0.26% | 749,064 | $72.0M | Add +5.3% |
| SSNC Ss&c Technologies Holdings | 0.25% | 813,506 | $71.1M | Add +38.5% |
| CTVA Corteva Inc. | 0.25% | 1,057,560 | $70.9M | Add +16.9% |
| KEY Keycorp | 0.25% | 3,366,738 | $69.5M | Add +28028.8% |
| ITT Itt Inc. | 0.24% | 388,435 | $67.4M | Add +10900.7% |
| MELI MercadoLibre Inc. | 0.24% | 33,124 | $66.7M | Add +9.4% |
| PANW Palo Alto Networks Inc. | 0.23% | 358,627 | $66.1M | Reduce -32.5% |
| AXP American Express Co. | 0.23% | 176,464 | $65.3M | Add +51.1% |
| ICE Intercontinental Exchange Inc. | 0.23% | 398,438 | $64.5M | Add +71.6% |
| NEE Nextera Energy Inc. | 0.23% | 801,938 | $64.4M | Add +1366.4% |
| AMT American Tower Corp. | 0.23% | 366,185 | $64.3M | Reduce -33.5% |
| AME Ametek Inc. | 0.23% | 313,022 | $64.3M | Reduce -59.1% |
| ETR Entergy Corp. | 0.23% | 691,695 | $63.9M | Reduce -37.8% |
Portfolio Sells Q3 2025 → Q4 2025
| JPM JPMorgan Chase & Co. | Reduce -32.9% | 0.93% | −0.61 |
| MPC Marathon Petroleum Corp. | Reduce -82.2% | 0.08% | −0.54 |
| FFIV F5 Inc. | Reduce -66.7% | 0.14% | −0.45 |
| NFLX Netflix Inc. | Reduce -61.1% | 0.16% | −0.43 |
| DASH DoorDash Inc. Class A | Reduce -46.9% | 0.27% | −0.43 |
| PGR Progressive Corp. | Reduce -97.6% | 0.01% | −0.37 |
| V Visa Inc. Class A | Reduce -41.3% | 0.41% | −0.36 |
| CTAS Cintas Corp. | Reduce -96.6% | 0.01% | −0.36 |
| AME Ametek Inc. | Reduce -59.1% | 0.23% | −0.35 |
| TT Trane Technologies PLC | Reduce -60.3% | 0.16% | −0.35 |
| DTE DTE Energy Company | Reduce -32.5% | 0.37% | −0.31 |
| CI The Cigna Group | Reduce -98.5% | 0.00% | −0.28 |
| SYK Stryker Corp. | Reduce -95.2% | 0.01% | −0.27 |
| ADBE Adobe Inc. | Reduce -94.2% | 0.01% | −0.26 |
| VMC Vulcan Materials Co. | Reduce -93.1% | 0.02% | −0.25 |
| SCHW Schwab (charles) Corp. | Reduce -43.4% | 0.26% | −0.24 |
| APP AppLovin Corp. Class A | Reduce -47.3% | 0.18% | −0.24 |
| PLTR Palantir Technologies Inc. Class A | Reduce -7.3% | 0.81% | −0.21 |
| ANET Arista Networks Inc. | Reduce -3.1% | 0.68% | −0.21 |
| PANW Palo Alto Networks Inc. | Reduce -32.5% | 0.23% | −0.20 |
| AMT American Tower Corp. | Reduce -33.5% | 0.23% | −0.20 |
| ETR Entergy Corp. | Reduce -37.8% | 0.23% | −0.19 |
| DDOG Datadog Inc. Class A | Reduce -44.6% | 0.17% | −0.19 |
| TTD Trade Desk Inc./the Class A | Reduce -93.2% | 0.01% | −0.19 |
| AMGN Amgen Inc. | Reduce -39.6% | 0.30% | −0.19 |
| APO Apollo Global Management Inc. | Reduce -99.1% | 0.00% | −0.18 |
| DHI D.R. Horton Inc. | Reduce -46.5% | 0.12% | −0.18 |
| WAB Wabtec Corp. | Reduce -63.3% | 0.09% | −0.17 |
| GILD Gilead Sciences Inc. | Reduce -20.5% | 0.54% | −0.16 |
| INCY Incyte Corp. | Reduce -32.9% | 0.35% | −0.16 |
| BKNG Booking Holdings Inc. | Reduce -5.6% | 0.73% | −0.16 |
| ULTA Ulta Beauty Inc. | Reduce -99.4% | 0.00% | −0.15 |
| RBLX Roblox Corp. Class A | Reduce -8.4% | 0.13% | −0.15 |
| OVV Ovintiv Inc. | Reduce -95.6% | 0.01% | −0.15 |
| EOG EOG Resources Inc. | Reduce -33.6% | 0.17% | −0.14 |
| HOLX Hologic Inc. | Reduce -93.2% | 0.01% | −0.14 |
| EA Electronic Arts Inc. | Reduce -94.7% | 0.01% | −0.14 |
| AMAT Applied Materials Inc. | Reduce -45.8% | 0.20% | −0.13 |
| MSI Motorola Solutions Inc. | Reduce -96.1% | 0.00% | −0.13 |
| HAS Hasbro Inc. | Sold out | 0.00% | −0.13 |
| SE Sea Ltd.-ADR | Reduce -92.9% | 0.01% | −0.13 |
| MNST Monster Beverage Corp. | Reduce -51.1% | 0.12% | −0.13 |
| TOST Toast Inc. Class A | Reduce -84.3% | 0.02% | −0.13 |
| ONTO Onto Innovation Inc. | Sold out | 0.00% | −0.12 |
| PEP Pepsico Inc. | Reduce -30.4% | 0.20% | −0.12 |
| LHX L3HARRIS Technologies Inc. | Reduce -92.5% | 0.01% | −0.12 |
| LYFT LYFT Inc. Class A | Reduce -72.5% | 0.03% | −0.11 |
| EME Emcor Group Inc. | Reduce -20.7% | 0.20% | −0.10 |
| PINS Pinterest Inc. Class A | Reduce -19.0% | 0.14% | −0.10 |
| CW Curtiss-Wright Corp. | Reduce -29.3% | 0.17% | −0.10 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +30.4% | 3.03% | +0.98 |
| LLY Eli Lilly & Co. | Add +82.5% | 1.29% | +0.72 |
| AAPL Apple Inc. | Add +15.7% | 6.13% | +0.49 |
| DVN Devon Energy Corp. | Add +42376.5% | 0.47% | +0.47 |
| JNJ Johnson & Johnson | Add +444.5% | 0.52% | +0.43 |
| MU Micron Technology Inc. | Add +384.3% | 0.39% | +0.34 |
| MO Altria Group Inc. | Add +4053.7% | 0.34% | +0.33 |
| GOOG Alphabet Inc. Class C | Add +4.8% | 2.02% | +0.32 |
| XOM Exxon Mobil Corp. | Add +89.2% | 0.63% | +0.27 |
| CSCO Cisco Systems Inc. | Add +1243.7% | 0.28% | +0.26 |
| KEY Keycorp | Add +28028.8% | 0.25% | +0.25 |
| ITT Itt Inc. | Add +10900.7% | 0.24% | +0.24 |
| EXPE Expedia Group Inc. | Add +150.5% | 0.35% | +0.23 |
| MRK Merck & Co. Inc. | Add +410.5% | 0.26% | +0.22 |
| GD General Dynamics Corp. | Add +73.0% | 0.63% | +0.21 |
| CCK Crown Holdings Inc. | New | 0.21% | +0.21 |
| NEE Nextera Energy Inc. | Add +1366.4% | 0.23% | +0.21 |
| AMZN Amazon.com Inc. | Add +16.0% | 3.11% | +0.21 |
| ALLE Allegion PLC | Add +191.8% | 0.35% | +0.20 |
| AVGO Broadcom Inc. | Add +18.2% | 2.35% | +0.20 |
| FCX Freeport-McMoran Inc. | Add +39.3% | 0.52% | +0.19 |
| RTX RTX Corp. | Add +1511.3% | 0.20% | +0.18 |
| AMD Advanced Micro Devices | Add +474.5% | 0.21% | +0.18 |
| AA Alcoa Corp. | Add +93.1% | 0.28% | +0.18 |
| BAC Bank of America Corp. | Add +35.9% | 0.82% | +0.18 |
| ADSK Autodesk Inc. | Add +222.0% | 0.28% | +0.18 |
| UNH Unitedhealth Group Inc. | Add +243.8% | 0.26% | +0.17 |
| BSX Boston Scientific Corp. | Add +76.3% | 0.50% | +0.17 |
| HIG Hartford Insurance Group Inc. | Add +43.0% | 0.74% | +0.17 |
| BNY Bank of New York Mellon Corp. | Add +56.7% | 0.53% | +0.17 |
| VTR Ventas Inc. | Add +86.9% | 0.38% | +0.17 |
| STT State Street Corp. | Add +73.9% | 0.38% | +0.16 |
| SYF Synchrony Financial | Add +16.2% | 0.89% | +0.15 |
| ROST Ross Stores Inc. | Add +610.2% | 0.17% | +0.15 |
| OSK Oshkosh Corp. | Add +147.9% | 0.27% | +0.14 |
| WFC Wells Fargo & Co. | Add +42.1% | 0.50% | +0.14 |
| NTRA Natera Inc. | Add +42.3% | 0.32% | +0.14 |
| LRCX Lam Research Corp. | Add +11.8% | 0.68% | +0.14 |
| VLO Valero Energy Corp. | Add +4044.2% | 0.14% | +0.14 |
| TSLA Tesla Inc. | Add +23.1% | 1.54% | +0.13 |
| NTRS Northern Trust Corp. | Add +54.2% | 0.49% | +0.13 |
| KO The Coca-Cola Co. | Add +62.6% | 0.39% | +0.13 |
| NDAQ Nasdaq Inc. | Add +192.3% | 0.20% | +0.13 |
| GM General Motors Co. | Add +31.1% | 0.37% | +0.13 |
| DAL Delta Air Lines Inc. | Add +31.1% | 0.44% | +0.13 |
| ADI Analog Devices Inc. | Add +1870.9% | 0.13% | +0.13 |
| BKR Baker Hughes Co. | Add +79.6% | 0.39% | +0.12 |
| DOCU Docusign Inc. | Add +8119.0% | 0.13% | +0.12 |
| CAH Cardinal Health Inc. | Add +179.5% | 0.18% | +0.12 |
| WMT Walmart Inc. | Add +24.7% | 0.76% | +0.12 |
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 |