Rafferty Asset Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Rafferty Asset Management, LLC reported 1,077 stock positions worth $30.3 billion. Its top holding was iShares 20+ Year Treasury BD (TLT) at 11.5% of the portfolio, followed by Nvidia (NVDA, 5.3%) and iShares Russell 2000 ETF (IWM, 4.8%). Compared with Q1 2025, it opened 48 new positions, sold out of 30, added to 743 and reduced 285. The biggest buy was Nvidia (NVDA, shares +22%) and the biggest sale iShares 20+ Year Treasury BD (TLT, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001389426
- Portfolio Value
- $30.3B (Q2 2025)
- SEC Filing
- 0001999371-25-011302 ↗ filed Aug 14, 2025
Holdings Value
Holdings 1,077 stocks · $30.3B
| TLT iShares 20+ Year Treasury BD | 11.54% | 39,633,839 | $3.5B | Reduce -5.4% |
| NVDA Nvidia Corp. | 5.32% | 10,209,511 | $1.6B | Add +21.6% |
| IWM iShares Russell 2000 ETF | 4.80% | 6,747,829 | $1.5B | Add +10.6% |
| TSLA Tesla Inc. | 4.17% | 3,982,725 | $1.3B | Add +21.1% |
| AVGO Broadcom Inc. | 3.45% | 3,789,877 | $1.0B | Add +17.5% |
| AMD Advanced Micro Devices | 3.17% | 6,772,923 | $961.1M | Add +56.0% |
| TXN Texas Instruments Inc. | 2.41% | 3,512,888 | $729.3M | Add +29.1% |
| QCOM Qualcomm Inc. | 2.32% | 4,418,406 | $703.7M | Add +59.1% |
| MSFT Microsoft Corp. | 2.32% | 1,414,647 | $703.7M | Add +16.1% |
| AAPL Apple Inc. | 2.05% | 3,024,941 | $620.6M | Add +30.3% |
| MU Micron Technology Inc. | 1.68% | 4,129,707 | $509.0M | Add +37.9% |
| FXI iShares China Large-Cap ETF | 1.57% | 12,933,999 | $475.5M | Reduce -47.5% |
| LRCX Lam Research Corp. | 1.53% | 4,754,011 | $462.8M | Add +32.4% |
| AMAT Applied Materials Inc. | 1.51% | 2,502,036 | $458.0M | Add +39.4% |
| KLAC KLA Corp. | 1.50% | 506,185 | $453.4M | Add +30.9% |
| MRVL Marvell Technology Inc. | 1.48% | 5,810,359 | $449.7M | Add +111.0% |
| MCHP Microchip Technology Inc. | 1.44% | 6,203,762 | $436.6M | Add +41.0% |
| INTC Intel Corp. | 1.43% | 19,396,839 | $434.5M | Add +66.3% |
| ADI Analog Devices Inc. | 1.42% | 1,802,338 | $429.0M | Add +47.5% |
| NXPI NXP Semiconductors NV | 1.38% | 1,916,922 | $418.8M | Add +56.3% |
| MPWR Monolithic Power Systems Inc. | 1.28% | 529,124 | $387.0M | Add +36.1% |
| TSM Taiwan Semiconductor-SP ADR | 1.19% | 1,591,632 | $360.5M | Add +27.8% |
| GDX Vaneck Gold Miners ETF | 1.12% | 6,511,070 | $339.0M | Add +30.0% |
| ASML ASML Holding NV-NY Reg SHS | 1.09% | 413,280 | $331.2M | Add +32.4% |
| ON On Semiconductor | 1.01% | 5,837,502 | $305.9M | Add +55.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.01% | 628,309 | $305.2M | Add +2.7% |
| JPM JPMorgan Chase & Co. | 0.88% | 924,047 | $267.9M | Add +0.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.86% | 474,582 | $261.8M | Reduce -8.7% |
| AMZN Amazon.com Inc. | 0.85% | 1,169,967 | $256.7M | Add +14.9% |
| V Visa Inc. Class A | 0.67% | 569,428 | $202.2M | Add +0.7% |
| META Meta Platforms Inc. Class A | 0.66% | 270,392 | $199.6M | Add +21.6% |
| TER Teradyne Inc. | 0.64% | 2,166,039 | $194.8M | Add +65.4% |
| PLTR Palantir Technologies Inc. Class A | 0.60% | 1,342,006 | $182.9M | Add +28.3% |
| ENTG Entegris Inc. | 0.52% | 1,970,734 | $158.9M | Add +64.3% |
| MA Mastercard Inc. Class A | 0.50% | 270,048 | $151.8M | Add +1.0% |
| SWKS Skyworks Solutions Inc. | 0.50% | 2,024,243 | $150.8M | Add +52.1% |
| GOOGL Alphabet Inc. Class A | 0.49% | 844,549 | $148.8M | Add +20.9% |
| KWEB Kranesh Csi China Internet | 0.46% | 4,074,809 | $139.9M | Reduce -19.5% |
| ORCL Oracle Corp. | 0.39% | 541,299 | $118.3M | Add +21.7% |
| CSCO Cisco Systems Inc. | 0.36% | 1,560,773 | $108.3M | Add +16.4% |
| GDXJ Vaneck Junior Gold Miners | 0.35% | 1,582,872 | $107.0M | Reduce -7.0% |
| QRVO Qorvo Inc. | 0.34% | 1,214,482 | $103.1M | Add +63.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 2,178,839 | $103.1M | Add +0.4% |
| STM Stmicroelectronics NV-NY SHS | 0.30% | 3,020,721 | $91.9M | Add +50.7% |
| CRM Salesforce Inc. | 0.30% | 332,453 | $90.7M | Add +19.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.30% | 307,409 | $90.6M | Add +21.8% |
| OLED Universal Display Corp. | 0.29% | 574,161 | $88.7M | Add +63.2% |
| LSCC Lattice Semiconductor Corp. | 0.29% | 1,785,278 | $87.5M | Add +63.3% |
| MKSI MKS Inc. | 0.29% | 878,114 | $87.2M | Add +63.4% |
| NFLX Netflix Inc. | 0.29% | 65,029 | $87.1M | Add +15.5% |
| WFC Wells Fargo & Co. | 0.29% | 1,082,044 | $86.7M | Add +0.3% |
| INTU Intuit Inc. | 0.28% | 106,789 | $84.1M | Add +10.6% |
| XOM Exxon Mobil Corp. | 0.27% | 761,744 | $82.1M | Add +5.4% |
| ARM Arm Holdings PLC-ADR | 0.27% | 506,874 | $82.0M | Add +31.0% |
| GOOG Alphabet Inc. Class C | 0.27% | 457,585 | $81.2M | Add +18.2% |
| NOW ServiceNow Inc. | 0.25% | 74,913 | $77.0M | Add +22.7% |
| EWZ iShares MSCI Brazil ETF | 0.25% | 2,651,070 | $76.5M | Reduce -19.2% |
| ASX Ase Technology Holding -ADR | 0.25% | 7,392,190 | $76.4M | Add +50.9% |
| GS Goldman Sachs Group Inc. | 0.24% | 102,642 | $72.6M | Reduce -0.0% |
| EWY iShares MSCI South Korea ETF | 0.23% | 985,291 | $70.7M | Add +11.0% |
| ASHR Xtrackers Harvest Csi 300 CH | 0.22% | 2,447,542 | $67.4M | Add +1.7% |
| ADBE Adobe Inc. | 0.22% | 171,954 | $66.5M | Add +13.4% |
| LLY Eli Lilly & Co. | 0.22% | 84,910 | $66.2M | Add +15.1% |
| GE General Electric filed as GE AEROSPACE | 0.22% | 256,302 | $66.0M | Add +26.2% |
| ONTO Onto Innovation Inc. | 0.21% | 639,566 | $64.6M | Add +62.6% |
| UMC United Microelectron-SP ADR | 0.21% | 8,403,064 | $64.3M | Add +50.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.20% | 120,336 | $61.3M | Add +5.9% |
| ACN Accenture PLC Class A | 0.20% | 204,462 | $61.1M | Add +21.8% |
| AXP American Express Co. | 0.19% | 185,188 | $59.1M | Add +1.8% |
| MS Morgan Stanley | 0.19% | 413,521 | $58.2M | Add +1.6% |
| PANW Palo Alto Networks Inc. | 0.19% | 284,065 | $58.1M | Add +12.1% |
| SPGI S&P Global Inc. | 0.18% | 104,366 | $55.0M | Add +1.1% |
| IVV iShares Core S&P 500 ETF | 0.18% | 87,516 | $54.3M | No change |
| C Citigroup Inc. | 0.18% | 625,417 | $53.2M | Add +1.2% |
| PGR Progressive Corp. | 0.17% | 194,918 | $52.0M | Add +1.5% |
| SCHW Schwab (charles) Corp. | 0.17% | 567,863 | $51.8M | Add +1.6% |
| BLK BlackRock Inc. | 0.17% | 48,419 | $50.8M | Add +1.4% |
| COST Costco Wholesale Corp. | 0.16% | 49,974 | $49.5M | Add +11.3% |
| CVX Chevron Corp. | 0.16% | 340,814 | $48.8M | Add +2.4% |
| RTX RTX Corp. | 0.15% | 319,287 | $46.6M | Add +27.4% |
| COF Capital One Financial Corp. | 0.15% | 214,517 | $45.6M | Add +70.2% |
| ABBV Abbvie Inc. | 0.15% | 236,914 | $44.0M | Add +10.5% |
| IEF iShares 7-10 Year Treasury B | 0.14% | 435,093 | $41.7M | Reduce -2.0% |
| HD Home Depot Inc. | 0.14% | 111,679 | $40.9M | Add +18.9% |
| CDNS Cadence Design SYS Inc. | 0.13% | 130,298 | $40.2M | Add +5.7% |
| ANET Arista Networks Inc. | 0.13% | 390,568 | $40.0M | Add +19.5% |
| PYPL PayPal Holdings Inc. | 0.13% | 534,616 | $39.7M | Reduce -2.4% |
| APH Amphenol Corp. Class A | 0.13% | 399,473 | $39.4M | Add +21.2% |
| SNPS Synopsys Inc. | 0.13% | 76,343 | $39.1M | Add +8.1% |
| JNJ Johnson & Johnson | 0.13% | 255,854 | $39.1M | Add +13.8% |
| BX Blackstone Inc. | 0.12% | 245,389 | $36.7M | Add +1.6% |
| AMGN Amgen Inc. | 0.12% | 130,491 | $36.4M | Add +4.8% |
| GILD Gilead Sciences Inc. | 0.12% | 328,000 | $36.4M | Reduce -0.2% |
| WMT Walmart Inc. | 0.12% | 369,849 | $36.2M | Add +22.2% |
| CB Chubb Ltd. | 0.12% | 123,917 | $35.9M | Add +1.4% |
| MRSH Marsh & McLennan Cos | 0.12% | 163,826 | $35.8M | Add +1.8% |
| INDA iShares MSCI India ETF | 0.12% | 635,902 | $35.4M | Reduce -19.1% |
| ICE Intercontinental Exchange Inc. | 0.12% | 190,730 | $35.0M | Add +1.3% |
| FTNT Fortinet Inc. | 0.12% | 329,941 | $34.9M | Add +8.4% |
| BKNG Booking Holdings Inc. | 0.11% | 5,928 | $34.3M | Reduce -1.5% |
Portfolio Sells Q1 2025 → Q2 2025
| TLT iShares 20+ Year Treasury BD | Reduce -5.4% | 11.54% | −4.72 |
| FXI iShares China Large-Cap ETF | Reduce -47.5% | 1.57% | −2.20 |
| KWEB Kranesh Csi China Internet | Reduce -19.5% | 0.46% | −0.29 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -8.7% | 0.86% | −0.18 |
| EWZ iShares MSCI Brazil ETF | Reduce -19.2% | 0.25% | −0.11 |
| FISV Fiserv Inc. | Reduce -1.1% | 0.10% | −0.07 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -83.3% | 0.01% | −0.06 |
| JNK SS SPDR BB High Yield Bond | Reduce -83.2% | 0.01% | −0.06 |
| GDXJ Vaneck Junior Gold Miners | Reduce -7.0% | 0.35% | −0.06 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.06 |
| INDA iShares MSCI India ETF | Reduce -19.1% | 0.12% | −0.06 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.05 |
| IEF iShares 7-10 Year Treasury B | Reduce -2.0% | 0.14% | −0.04 |
| GILD Gilead Sciences Inc. | Reduce -0.2% | 0.12% | −0.04 |
| VGK Vanguard Ftse Europe ETF | Reduce -16.9% | 0.08% | −0.03 |
| BIIB Biogen Inc. | Reduce -0.2% | 0.07% | −0.03 |
| TFC Truist Financial Corp. | Reduce -3.5% | 0.10% | −0.03 |
| MTB M & T Bank Corp. | Reduce -9.3% | 0.07% | −0.02 |
| PAYX Paychex Inc. | Reduce -4.3% | 0.05% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -2.4% | 0.13% | −0.02 |
| AFL Aflac Inc. | Reduce -0.3% | 0.06% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.4% | 0.06% | −0.02 |
| RF Regions Financial Corp. | Reduce -9.1% | 0.06% | −0.02 |
| HBAN Huntington Bancshares Inc. | Reduce -10.6% | 0.06% | −0.02 |
| CTAS Cintas Corp. | Reduce -7.8% | 0.06% | −0.02 |
| ROST Ross Stores Inc. | Reduce -4.0% | 0.05% | −0.02 |
| AIG American International Group | Reduce -1.5% | 0.05% | −0.02 |
| MDGL Madrigal Pharmaceuticals Inc. | Reduce -18.0% | 0.02% | −0.02 |
| VRSK Verisk Analytics Inc. | Reduce -7.2% | 0.05% | −0.02 |
| CFG Citizens Financial Group | Reduce -7.2% | 0.06% | −0.02 |
| CSGP Costar Group Inc. | Reduce -3.1% | 0.05% | −0.02 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -27.8% | 0.03% | −0.02 |
| CCEP Coca-Cola Europacific Partne | Reduce -14.9% | 0.04% | −0.02 |
| MNST Monster Beverage Corp. | Reduce -8.8% | 0.05% | −0.02 |
| FAST Fastenal Co. | Reduce -8.0% | 0.05% | −0.02 |
| EWW iShares MSCI Mexico ETF | Reduce -33.5% | 0.03% | −0.02 |
| EWBC East West Bancorp Inc. | Reduce -16.8% | 0.04% | −0.02 |
| MET Metlife Inc. | Reduce -1.2% | 0.05% | −0.02 |
| FHN First Horizon Corp. | Reduce -14.3% | 0.04% | −0.02 |
| INSM Insmed Inc. | Reduce -32.8% | 0.03% | −0.01 |
| CSX CSX Corp. | Reduce -6.6% | 0.06% | −0.01 |
| NBIX Neurocrine Biosciences Inc. | Reduce -21.5% | 0.03% | −0.01 |
| WAL Western Alliance Bancorp | Reduce -7.1% | 0.04% | −0.01 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -0.6% | 0.04% | −0.01 |
| UTHR United Therapeutics Corp. | Reduce -1.1% | 0.03% | −0.01 |
| CHTR Charter Communications Inc. Class A | Reduce -7.2% | 0.05% | −0.01 |
| VLY Valley National Bancorp | Reduce -6.5% | 0.04% | −0.01 |
| NTRA Natera Inc. | Reduce -22.9% | 0.03% | −0.01 |
| EA Electronic Arts Inc. | Reduce -6.5% | 0.05% | −0.01 |
| EXAS Exact Sciences Corp. | Reduce -25.9% | 0.03% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +21.6% | 5.32% | +1.44 |
| AMD Advanced Micro Devices | Add +56.0% | 3.17% | +1.27 |
| AVGO Broadcom Inc. | Add +17.5% | 3.45% | +1.14 |
| MRVL Marvell Technology Inc. | Add +111.0% | 1.48% | +0.76 |
| MU Micron Technology Inc. | Add +37.9% | 1.68% | +0.57 |
| TSLA Tesla Inc. | Add +21.1% | 4.17% | +0.54 |
| MCHP Microchip Technology Inc. | Add +41.0% | 1.44% | +0.53 |
| QCOM Qualcomm Inc. | Add +59.1% | 2.32% | +0.50 |
| LRCX Lam Research Corp. | Add +32.4% | 1.53% | +0.41 |
| AMAT Applied Materials Inc. | Add +39.4% | 1.51% | +0.40 |
| NXPI NXP Semiconductors NV | Add +56.3% | 1.38% | +0.39 |
| KLAC KLA Corp. | Add +30.9% | 1.50% | +0.37 |
| MSFT Microsoft Corp. | Add +16.1% | 2.32% | +0.37 |
| ADI Analog Devices Inc. | Add +47.5% | 1.42% | +0.36 |
| ON On Semiconductor | Add +55.0% | 1.01% | +0.36 |
| TXN Texas Instruments Inc. | Add +29.1% | 2.41% | +0.32 |
| MPWR Monolithic Power Systems Inc. | Add +36.1% | 1.28% | +0.32 |
| TSM Taiwan Semiconductor-SP ADR | Add +27.8% | 1.19% | +0.31 |
| INTC Intel Corp. | Add +66.3% | 1.43% | +0.30 |
| PLTR Palantir Technologies Inc. Class A | Add +28.3% | 0.60% | +0.23 |
| ASML ASML Holding NV-NY Reg SHS | Add +32.4% | 1.09% | +0.21 |
| TER Teradyne Inc. | Add +65.4% | 0.64% | +0.18 |
| GDX Vaneck Gold Miners ETF | Add +30.0% | 1.12% | +0.14 |
| SWKS Skyworks Solutions Inc. | Add +52.1% | 0.50% | +0.13 |
| ORCL Oracle Corp. | Add +21.7% | 0.39% | +0.13 |
| STM Stmicroelectronics NV-NY SHS | Add +50.7% | 0.30% | +0.12 |
| META Meta Platforms Inc. Class A | Add +21.6% | 0.66% | +0.11 |
| QRVO Qorvo Inc. | Add +63.6% | 0.34% | +0.11 |
| MKSI MKS Inc. | Add +63.4% | 0.29% | +0.10 |
| ARM Arm Holdings PLC-ADR | Add +31.0% | 0.27% | +0.09 |
| OLED Universal Display Corp. | Add +63.2% | 0.29% | +0.08 |
| COIN Coinbase Global Inc. Class A | New | 0.08% | +0.08 |
| ENTG Entegris Inc. | Add +64.3% | 0.52% | +0.08 |
| ASX Ase Technology Holding -ADR | Add +50.9% | 0.25% | +0.07 |
| NFLX Netflix Inc. | Add +15.5% | 0.29% | +0.06 |
| COF Capital One Financial Corp. | Add +70.2% | 0.15% | +0.05 |
| NOW ServiceNow Inc. | Add +22.7% | 0.25% | +0.05 |
| GE General Electric | Add +26.2% | 0.22% | +0.04 |
| LSCC Lattice Semiconductor Corp. | Add +63.3% | 0.29% | +0.04 |
| SHOP Shopify Inc. Class A | New | 0.04% | +0.04 |
| UMC United Microelectron-SP ADR | Add +50.7% | 0.21% | +0.04 |
| APH Amphenol Corp. Class A | Add +21.2% | 0.13% | +0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +5.9% | 0.20% | +0.03 |
| IBM Intl Business Machines Corp. | Add +21.8% | 0.30% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +20.9% | 0.49% | +0.03 |
| EWY iShares MSCI South Korea ETF | Add +11.0% | 0.23% | +0.03 |
| INTU Intuit Inc. | Add +10.6% | 0.28% | +0.02 |
| ANET Arista Networks Inc. | Add +19.5% | 0.13% | +0.02 |
| AMZN Amazon.com Inc. | Add +14.9% | 0.85% | +0.02 |
| BA The Boeing Co. | Add +27.4% | 0.11% | +0.02 |
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 |