Rafferty Asset Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Rafferty Asset Management, LLC reported 1,058 stock positions worth $23.5 billion. Its top holding was iShares 20+ Year Treasury BD (TLT) at 16.3% of the portfolio, followed by iShares Russell 2000 ETF (IWM, 5.2%) and Nvidia (NVDA, 3.9%). Compared with Q4 2024, it opened 23 new positions, sold out of 105, added to 157 and reduced 877. The biggest buy was iShares 20+ Year Treasury BD (TLT, shares +0%) and the biggest sale Broadcom (AVGO, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001389426
- Portfolio Value
- $23.5B (Q1 2025)
- SEC Filing
- 0001999371-25-006071 ↗ filed May 14, 2025
Holdings Value
Holdings 1,058 stocks · $23.5B
| TLT iShares 20+ Year Treasury BD | 16.26% | 41,882,041 | $3.8B | Add +0.1% |
| IWM iShares Russell 2000 ETF | 5.19% | 6,099,028 | $1.2B | Reduce -23.1% |
| NVDA Nvidia Corp. | 3.88% | 8,392,286 | $909.6M | Reduce -14.4% |
| FXI iShares China Large-Cap ETF | 3.77% | 24,642,529 | $883.2M | Reduce -10.4% |
| TSLA Tesla Inc. | 3.63% | 3,288,165 | $852.2M | Add +11.6% |
| AVGO Broadcom Inc. | 2.30% | 3,225,088 | $540.0M | Reduce -29.4% |
| AAPL Apple Inc. | 2.20% | 2,321,586 | $515.7M | Reduce -20.4% |
| TXN Texas Instruments Inc. | 2.08% | 2,721,238 | $489.0M | Add +6.2% |
| MSFT Microsoft Corp. | 1.95% | 1,218,061 | $457.2M | Reduce -17.0% |
| AMD Advanced Micro Devices | 1.90% | 4,342,390 | $446.1M | Reduce -8.1% |
| QCOM Qualcomm Inc. | 1.82% | 2,777,338 | $426.6M | Reduce -14.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.39% | 612,023 | $326.0M | Reduce -5.8% |
| INTC Intel Corp. | 1.13% | 11,660,204 | $264.8M | Reduce -15.1% |
| KLAC KLA Corp. | 1.12% | 386,776 | $262.9M | Reduce -22.2% |
| LRCX Lam Research Corp. | 1.11% | 3,590,465 | $261.0M | Reduce -18.2% |
| AMAT Applied Materials Inc. | 1.11% | 1,795,097 | $260.5M | Reduce -8.2% |
| MU Micron Technology Inc. | 1.11% | 2,995,396 | $260.3M | Reduce -12.5% |
| ADI Analog Devices Inc. | 1.05% | 1,221,792 | $246.4M | Reduce -19.0% |
| QQQ Invesco QQQ Trust Series 1 | 1.04% | 519,888 | $243.8M | Reduce -3.1% |
| NXPI NXP Semiconductors NV | 0.99% | 1,226,645 | $233.1M | Reduce -10.0% |
| GDX Vaneck Gold Miners ETF | 0.98% | 5,007,186 | $230.2M | Reduce -46.1% |
| MPWR Monolithic Power Systems Inc. | 0.96% | 388,855 | $225.5M | Reduce -7.2% |
| JPM JPMorgan Chase & Co. | 0.96% | 916,669 | $224.9M | Reduce -7.7% |
| MCHP Microchip Technology Inc. | 0.91% | 4,399,817 | $213.0M | Reduce -2.4% |
| ASML ASML Holding NV-NY Reg SHS | 0.88% | 312,239 | $206.9M | Reduce -18.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.88% | 1,245,451 | $206.7M | Reduce -12.4% |
| V Visa Inc. Class A | 0.85% | 565,689 | $198.3M | Reduce -7.3% |
| AMZN Amazon.com Inc. | 0.83% | 1,017,962 | $193.7M | Reduce -16.3% |
| KWEB Kranesh Csi China Internet | 0.75% | 5,059,567 | $176.6M | Reduce -14.4% |
| MRVL Marvell Technology Inc. | 0.72% | 2,753,551 | $169.5M | Reduce -12.0% |
| ON On Semiconductor | 0.65% | 3,765,377 | $153.2M | Reduce -5.4% |
| MA Mastercard Inc. Class A | 0.63% | 267,420 | $146.6M | Reduce -7.7% |
| META Meta Platforms Inc. Class A | 0.55% | 222,420 | $128.2M | Reduce -15.1% |
| TER Teradyne Inc. | 0.46% | 1,309,499 | $108.2M | Reduce -7.8% |
| GOOGL Alphabet Inc. Class A | 0.46% | 698,364 | $108.0M | Reduce -4.7% |
| ENTG Entegris Inc. | 0.45% | 1,199,084 | $104.9M | Reduce -7.2% |
| GDXJ Vaneck Junior Gold Miners | 0.42% | 1,702,090 | $97.4M | Reduce -42.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.39% | 2,170,767 | $90.6M | Reduce -7.8% |
| PLTR Palantir Technologies Inc. Class A | 0.38% | 1,046,272 | $88.3M | Add +11.0% |
| SWKS Skyworks Solutions Inc. | 0.37% | 1,330,864 | $86.0M | Reduce -6.7% |
| XOM Exxon Mobil Corp. | 0.37% | 722,537 | $85.9M | Reduce -15.8% |
| EWZ iShares MSCI Brazil ETF | 0.36% | 3,281,873 | $84.8M | Reduce -4.7% |
| CSCO Cisco Systems Inc. | 0.35% | 1,340,427 | $82.7M | Reduce -20.4% |
| WFC Wells Fargo & Co. | 0.33% | 1,078,230 | $77.4M | Reduce -8.2% |
| CRM Salesforce Inc. | 0.32% | 277,278 | $74.4M | Reduce -21.9% |
| ASHR Xtrackers Harvest Csi 300 CH | 0.27% | 2,406,337 | $63.9M | Reduce -62.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 252,305 | $62.7M | Reduce -20.9% |
| ORCL Oracle Corp. | 0.27% | 444,758 | $62.2M | Reduce -20.1% |
| LLY Eli Lilly & Co. | 0.26% | 73,776 | $60.9M | Reduce -17.9% |
| GOOG Alphabet Inc. Class C | 0.26% | 387,232 | $60.5M | Reduce -18.6% |
| INTU Intuit Inc. | 0.25% | 96,548 | $59.3M | Reduce -16.5% |
| ADBE Adobe Inc. | 0.25% | 151,645 | $58.2M | Reduce -15.9% |
| LSCC Lattice Semiconductor Corp. | 0.24% | 1,093,237 | $57.3M | Reduce -7.0% |
| GS Goldman Sachs Group Inc. | 0.24% | 102,656 | $56.1M | Reduce -7.3% |
| CVX Chevron Corp. | 0.24% | 332,741 | $55.7M | Reduce -15.3% |
| PGR Progressive Corp. | 0.23% | 192,051 | $54.4M | Reduce -7.1% |
| QRVO Qorvo Inc. | 0.23% | 742,271 | $53.7M | Reduce -7.9% |
| NFLX Netflix Inc. | 0.22% | 56,310 | $52.5M | Reduce -22.3% |
| SPGI S&P Global Inc. | 0.22% | 103,270 | $52.5M | Reduce -7.8% |
| ACN Accenture PLC Class A | 0.22% | 167,897 | $52.4M | Reduce -21.1% |
| IVV iShares Core S&P 500 ETF | 0.21% | 87,516 | $49.2M | Reduce -23.8% |
| OLED Universal Display Corp. | 0.21% | 351,834 | $49.1M | Reduce -6.8% |
| AXP American Express Co. | 0.21% | 181,950 | $49.0M | Reduce -7.3% |
| NOW ServiceNow Inc. | 0.21% | 61,070 | $48.6M | Reduce -21.8% |
| EWY iShares MSCI South Korea ETF | 0.20% | 887,529 | $48.0M | Reduce -31.2% |
| ONTO Onto Innovation Inc. | 0.20% | 393,207 | $47.7M | Reduce -6.9% |
| MS Morgan Stanley | 0.20% | 407,223 | $47.5M | Reduce -7.0% |
| BLK BlackRock Inc. | 0.19% | 47,737 | $45.2M | Reduce -7.0% |
| ABBV Abbvie Inc. | 0.19% | 214,429 | $44.9M | Reduce -22.7% |
| UNH Unitedhealth Group Inc. | 0.19% | 85,210 | $44.6M | Reduce -18.4% |
| STM Stmicroelectronics NV-NY SHS | 0.19% | 2,004,686 | $44.0M | Reduce -9.9% |
| C Citigroup Inc. | 0.19% | 618,194 | $43.9M | Reduce -7.3% |
| SCHW Schwab (charles) Corp. | 0.19% | 558,670 | $43.7M | Add +5.9% |
| PANW Palo Alto Networks Inc. | 0.18% | 253,492 | $43.3M | Reduce -14.3% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.18% | 537,469 | $43.1M | Reduce -6.8% |
| ASX Ase Technology Holding -ADR | 0.18% | 4,900,272 | $42.9M | Reduce -9.9% |
| COST Costco Wholesale Corp. | 0.18% | 44,910 | $42.5M | Reduce -14.2% |
| IEF iShares 7-10 Year Treasury B | 0.18% | 443,803 | $42.3M | Add +19.2% |
| ARM Arm Holdings PLC-ADR | 0.18% | 387,011 | $41.3M | Reduce -5.1% |
| FISV Fiserv Inc. | 0.18% | 186,515 | $41.2M | Reduce -7.1% |
| GE General Electric filed as GE AEROSPACE | 0.17% | 203,114 | $40.7M | Reduce -17.2% |
| INDA iShares MSCI India ETF | 0.17% | 786,123 | $40.5M | Add +11.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.17% | 113,630 | $40.1M | Reduce -17.5% |
| UMC United Microelectron-SP ADR | 0.17% | 5,576,578 | $39.9M | Reduce -9.7% |
| MRSH Marsh & McLennan Cos | 0.17% | 161,014 | $39.3M | Reduce -7.1% |
| AMGN Amgen Inc. | 0.17% | 124,510 | $38.8M | Reduce -21.6% |
| JNJ Johnson & Johnson | 0.16% | 224,924 | $37.3M | Reduce -18.4% |
| CB Chubb Ltd. | 0.16% | 122,170 | $36.9M | Reduce -7.6% |
| GILD Gilead Sciences Inc. | 0.16% | 328,803 | $36.8M | Reduce -22.7% |
| PYPL PayPal Holdings Inc. | 0.15% | 547,584 | $35.7M | Reduce -2.6% |
| HD Home Depot Inc. | 0.15% | 93,930 | $34.4M | Reduce -17.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.15% | 70,830 | $34.3M | Reduce -21.5% |
| BX Blackstone Inc. | 0.14% | 241,600 | $33.8M | Reduce -5.6% |
| RTX RTX Corp. | 0.14% | 250,665 | $33.2M | Reduce -16.9% |
| ICE Intercontinental Exchange Inc. | 0.14% | 188,362 | $32.5M | Reduce -7.0% |
| CDNS Cadence Design SYS Inc. | 0.13% | 123,280 | $31.4M | Reduce -10.0% |
| CME Cme Group Inc. | 0.13% | 118,139 | $31.3M | Reduce -7.1% |
| TFC Truist Financial Corp. | 0.13% | 736,954 | $30.3M | Reduce -30.1% |
| SNPS Synopsys Inc. | 0.13% | 70,597 | $30.3M | Reduce -11.4% |
| ROP Roper Technologies Inc. | 0.13% | 50,980 | $30.1M | Reduce -16.4% |
Portfolio Sells Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Reduce -29.4% | 2.30% | −1.45 |
| IWM iShares Russell 2000 ETF | Reduce -23.1% | 5.19% | −1.01 |
| NVDA Nvidia Corp. | Reduce -14.4% | 3.88% | −0.78 |
| MRVL Marvell Technology Inc. | Reduce -12.0% | 0.72% | −0.50 |
| AAPL Apple Inc. | Reduce -20.4% | 2.20% | −0.39 |
| ASHR Xtrackers Harvest Csi 300 CH | Reduce -62.6% | 0.27% | −0.33 |
| MSFT Microsoft Corp. | Reduce -17.0% | 1.95% | −0.24 |
| ON On Semiconductor | Reduce -5.4% | 0.65% | −0.24 |
| TER Teradyne Inc. | Reduce -7.8% | 0.46% | −0.17 |
| GDX Vaneck Gold Miners ETF | Reduce -46.1% | 0.98% | −0.13 |
| AMD Advanced Micro Devices | Reduce -8.1% | 1.90% | −0.12 |
| AMZN Amazon.com Inc. | Reduce -16.3% | 0.83% | −0.12 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -12.4% | 0.88% | −0.11 |
| CRM Salesforce Inc. | Reduce -21.9% | 0.32% | −0.10 |
| NOW ServiceNow Inc. | Reduce -21.8% | 0.21% | −0.09 |
| ADI Analog Devices Inc. | Reduce -19.0% | 1.05% | −0.08 |
| SWKS Skyworks Solutions Inc. | Reduce -6.7% | 0.37% | −0.08 |
| ORCL Oracle Corp. | Reduce -20.1% | 0.27% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -18.6% | 0.26% | −0.06 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -18.8% | 0.88% | −0.06 |
| ANET Arista Networks Inc. | Reduce -20.6% | 0.11% | −0.05 |
| ONTO Onto Innovation Inc. | Reduce -6.9% | 0.20% | −0.05 |
| ACN Accenture PLC Class A | Reduce -21.1% | 0.22% | −0.04 |
| CFG Citizens Financial Group | Reduce -39.5% | 0.08% | −0.04 |
| ADBE Adobe Inc. | Reduce -15.9% | 0.25% | −0.04 |
| GDXJ Vaneck Junior Gold Miners | Reduce -42.7% | 0.42% | −0.03 |
| HBAN Huntington Bancshares Inc. | Reduce -36.0% | 0.08% | −0.03 |
| RF Regions Financial Corp. | Reduce -36.2% | 0.08% | −0.03 |
| TFC Truist Financial Corp. | Reduce -30.1% | 0.13% | −0.03 |
| MTB M & T Bank Corp. | Reduce -34.5% | 0.10% | −0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -4.7% | 0.46% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -23.8% | 0.21% | −0.03 |
| MKSI MKS Inc. | Reduce -6.8% | 0.18% | −0.03 |
| EWY iShares MSCI South Korea ETF | Reduce -31.2% | 0.20% | −0.03 |
| FHN First Horizon Corp. | Reduce -39.2% | 0.05% | −0.02 |
| PCVX Vaxcyte Inc. | Reduce -10.6% | 0.02% | −0.02 |
| WAL Western Alliance Bancorp | Reduce -35.5% | 0.05% | −0.02 |
| SRPT Sarepta Therapeutics Inc. | Reduce -9.3% | 0.03% | −0.02 |
| VKTX Viking Therapeutics Inc. | Reduce -32.2% | 0.02% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -2.6% | 0.15% | −0.02 |
| BA The Boeing Co. | Reduce -26.8% | 0.09% | −0.02 |
| KKR KKR & Co. Inc. | Reduce -6.7% | 0.11% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -8.2% | 1.11% | −0.01 |
| ADMA Adma Biologics Inc. | Reduce -56.5% | 0.02% | −0.01 |
| BX Blackstone Inc. | Reduce -5.6% | 0.14% | −0.01 |
| CDNS Cadence Design SYS Inc. | Reduce -10.0% | 0.13% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -18.1% | 0.09% | −0.01 |
| ASX Ase Technology Holding -ADR | Reduce -9.9% | 0.18% | −0.01 |
| APLS Apellis Pharmaceuticals Inc. | Reduce -25.4% | 0.02% | −0.01 |
| MRNA Moderna Inc. | Reduce -2.0% | 0.04% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| TLT iShares 20+ Year Treasury BD | Add +0.1% | 16.26% | +3.33 |
| TXN Texas Instruments Inc. | Add +6.2% | 2.08% | +0.39 |
| PLTR Palantir Technologies Inc. Class A | Add +11.0% | 0.38% | +0.12 |
| VGK Vanguard Ftse Europe ETF | Add +148.0% | 0.11% | +0.08 |
| IEF iShares 7-10 Year Treasury B | Add +19.2% | 0.18% | +0.06 |
| SCHW Schwab (charles) Corp. | Add +5.9% | 0.19% | +0.05 |
| INDA iShares MSCI India ETF | Add +11.3% | 0.17% | +0.04 |
| DASH DoorDash Inc. Class A | Add +11.8% | 0.08% | +0.03 |
| EXE Expand Energy Corp. | Add +33.8% | 0.04% | +0.02 |
| MSTR Strategy Inc. | Add +16.6% | 0.05% | +0.01 |
| ONB Old National Bancorp | Add +22.5% | 0.04% | +0.01 |
| EXEL Exelixis Inc. | Add +7.6% | 0.04% | +0.01 |
| EWW iShares MSCI Mexico ETF | Add +4.0% | 0.04% | +0.01 |
| EEM iShares MSCI Emerging Market | Add +29.5% | 0.03% | +0.01 |
| BPMC Blueprint Medicines Corp. | Add +11.7% | 0.04% | +0.01 |
| TTD Trade Desk Inc./the Class A | Add +119.4% | 0.05% | +0.01 |
| BOTZ Global X Robotics & Artifici | Add +13.0% | 0.05% | +0.01 |
| VLY Valley National Bancorp | Add +5.2% | 0.05% | +0.01 |
| ODFL Old Dominion Freight Line | Add +2.1% | 0.07% | +0.01 |
| UMBF Umb Financial Corp. | Add +19.0% | 0.04% | +0.01 |
| AXON Axon Enterprise Inc. | Add +2.5% | 0.08% | +0.01 |
| ROST Ross Stores Inc. | Add +7.9% | 0.07% | +0.01 |
| MDB Mongodb Inc. | Add +26.1% | 0.05% | +0.01 |
| AUB Atlantic Union Bankshares Co. | Add +41.8% | 0.02% | +0.01 |
| SSB Southstate Bank Corp. | Add +3.3% | 0.04% | +0.01 |
| AKRO Akero Therapeutics Inc. | Add +2.0% | 0.01% | +0.01 |
| BLD Topbuild Corp. | Add +4.3% | 0.03% | +0.01 |
| GFS Globalfoundries Inc. | Add +6.7% | 0.05% | +0.01 |
| MAR Marriott International Class A | Add +4.3% | 0.07% | +0.00 |
| ACAD Acadia Pharmaceuticals Inc. | Add +33.3% | 0.01% | +0.00 |
| TEAM Atlassian Corp. Class A | Add +2.7% | 0.06% | +0.00 |
| DXCM Dexcom Inc. | Add +1.6% | 0.06% | +0.00 |
| WSM Williams-Sonoma Inc. | Add +208.8% | 0.01% | +0.00 |
| CVCO Cavco Industries Inc. | Add +4.0% | 0.01% | +0.00 |
| CRGY Crescent Energy Inc. Class A | Add +48.8% | 0.01% | +0.00 |
| SKY Champion Homes Inc. | Add +5.0% | 0.02% | +0.00 |
| QURE Uniqure NV | New | 0.00% | +0.00 |
| TMHC Taylor Morrison Home Corp. | Add +4.3% | 0.02% | +0.00 |
| AGIO Agios Pharmaceuticals Inc. | Add +33.2% | 0.01% | +0.00 |
| GFF Griffon Corp. | New | 0.00% | +0.00 |
| MIRM Mirum Pharmaceuticals Inc. | Add +14.8% | 0.01% | +0.00 |
| NOG Northern Oil and Gas Inc. | Add +23.2% | 0.02% | +0.00 |
| SRRK Scholar Rock Holding Corp. | Add +43.0% | 0.02% | +0.00 |
| ESQ Esquire Financial Holdings I | New | 0.00% | +0.00 |
| MUR Murphy Oil Corp. | Add +1.6% | 0.02% | +0.00 |
| BECN Beacon Roofing Supply Inc. | Add +0.4% | 0.01% | +0.00 |
| GRAL Grail Inc. | Add +8.9% | 0.01% | +0.00 |
| DINO HF Sinclair Corp. | Add +1.6% | 0.02% | +0.00 |
| RYTM Rhythm Pharmaceuticals Inc. | Add +14.6% | 0.01% | +0.00 |
| NLR Vaneck Urani & Nuclr ETF-Usd | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,133 | $43.9B | MU, NVDA, AMD, AVGO, INTC |
| Q1 2026 | 1,057 | $24.6B | TLT, NVDA, IWM, AVGO, MU |
| Q4 2025 | 1,133 | $28.9B | TLT, NVDA, IWM, AVGO, AMD |
| Q3 2025 | 1,104 | $30.8B | TLT, TSLA, IWM, NVDA, AVGO |
| Q2 2025 | 1,077 | $30.3B | TLT, NVDA, IWM, TSLA, AVGO |
| Q1 2025 | 1,058 | $23.5B | TLT, IWM, NVDA, FXI, TSLA |
| Q4 2024 | 1,140 | $28.3B | TLT, IWM, NVDA, TSLA, AVGO |
| Q3 2024 | 1,137 | $29.2B | TLT, IWM, NVDA, AVGO, AMD |
| Q2 2024 | 1,168 | $26.9B | TLT, NVDA, IWM, AVGO, MSFT |
| Q1 2024 | 1,080 | $26.8B | TLT, IWM, NVDA, MSFT, AVGO |