Rafferty Asset Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Rafferty Asset Management, LLC reported 1,104 stock positions worth $30.8 billion. Its top holding was iShares 20+ Year Treasury BD (TLT) at 10.6% of the portfolio, followed by Tesla (TSLA, 5.3%) and iShares Russell 2000 ETF (IWM, 5.1%). Compared with Q2 2025, it opened 67 new positions, sold out of 40, added to 527 and reduced 508. The biggest buy was a new position in Astera Labs (ALAB) and the biggest sale iShares 20+ Year Treasury BD (TLT, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001389426
- Portfolio Value
- $30.8B (Q3 2025)
- SEC Filing
- 0001999371-25-017439 ↗ filed Nov 12, 2025
Holdings Value
Holdings 1,104 stocks · $30.8B
| TLT iShares 20+ Year Treasury BD | 10.59% | 36,522,997 | $3.3B | Reduce -7.8% |
| TSLA Tesla Inc. | 5.35% | 3,707,946 | $1.6B | Reduce -6.9% |
| IWM iShares Russell 2000 ETF | 5.14% | 6,552,360 | $1.6B | Reduce -2.9% |
| NVDA Nvidia Corp. | 5.14% | 8,490,978 | $1.6B | Reduce -16.8% |
| AVGO Broadcom Inc. | 3.19% | 2,981,186 | $983.5M | Reduce -21.3% |
| MSFT Microsoft Corp. | 2.36% | 1,405,067 | $727.8M | Reduce -0.7% |
| AAPL Apple Inc. | 2.35% | 2,849,312 | $725.5M | Reduce -5.8% |
| AMD Advanced Micro Devices | 2.30% | 4,379,763 | $708.6M | Reduce -35.3% |
| FXI iShares China Large-Cap ETF | 1.78% | 13,320,497 | $548.0M | Add +3.0% |
| QCOM Qualcomm Inc. | 1.76% | 3,260,852 | $542.5M | Reduce -26.2% |
| MU Micron Technology Inc. | 1.71% | 3,159,044 | $528.6M | Reduce -23.5% |
| GDX Vaneck Gold Miners ETF | 1.62% | 6,518,736 | $498.0M | Add +0.1% |
| INTC Intel Corp. | 1.57% | 14,405,396 | $483.3M | Reduce -25.7% |
| TXN Texas Instruments Inc. | 1.56% | 2,613,033 | $480.1M | Reduce -25.6% |
| LRCX Lam Research Corp. | 1.54% | 3,555,418 | $476.1M | Reduce -25.2% |
| AMAT Applied Materials Inc. | 1.48% | 2,223,600 | $455.3M | Reduce -11.1% |
| KLAC KLA Corp. | 1.41% | 404,121 | $435.9M | Reduce -20.2% |
| MRVL Marvell Technology Inc. | 1.36% | 4,994,166 | $419.9M | Reduce -14.1% |
| ASML ASML Holding NV-NY Reg SHS | 1.26% | 401,179 | $388.4M | Reduce -2.9% |
| TSM Taiwan Semiconductor-SP ADR | 1.19% | 1,309,312 | $365.7M | Reduce -17.7% |
| ADI Analog Devices Inc. | 1.14% | 1,425,664 | $350.3M | Reduce -20.9% |
| MPWR Monolithic Power Systems Inc. | 1.13% | 379,318 | $349.2M | Reduce -28.3% |
| QQQ Invesco QQQ Trust Series 1 | 1.07% | 549,520 | $329.9M | Add +15.8% |
| NXPI NXP Semiconductors NV | 1.06% | 1,433,157 | $326.4M | Reduce -25.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.04% | 636,585 | $320.0M | Add +1.3% |
| MCHP Microchip Technology Inc. | 1.01% | 4,830,114 | $310.2M | Reduce -22.1% |
| JPM JPMorgan Chase & Co. | 0.94% | 915,114 | $288.7M | Reduce -1.0% |
| AMZN Amazon.com Inc. | 0.90% | 1,265,343 | $277.8M | Add +8.2% |
| PLTR Palantir Technologies Inc. Class A | 0.75% | 1,272,481 | $232.1M | Reduce -5.2% |
| ALAB Astera Labs Inc. | 0.68% | 1,070,475 | $209.6M | New |
| GOOGL Alphabet Inc. Class A | 0.65% | 825,965 | $200.8M | Reduce -2.2% |
| V Visa Inc. Class A | 0.63% | 566,302 | $193.3M | Reduce -0.6% |
| TER Teradyne Inc. | 0.62% | 1,394,268 | $191.9M | Reduce -35.6% |
| ON On Semiconductor | 0.61% | 3,815,754 | $188.2M | Reduce -34.6% |
| META Meta Platforms Inc. Class A | 0.60% | 253,278 | $186.0M | Reduce -6.3% |
| CRDO Credo Technology Group Holdi | 0.60% | 1,260,579 | $183.6M | New |
| KWEB Kranesh Csi China Internet | 0.55% | 4,054,927 | $170.3M | Reduce -0.5% |
| MA Mastercard Inc. Class A | 0.51% | 275,343 | $156.6M | Add +2.0% |
| ORCL Oracle Corp. | 0.46% | 509,395 | $143.3M | Reduce -5.9% |
| GDXJ Vaneck Junior Gold Miners | 0.43% | 1,345,559 | $133.3M | Reduce -15.0% |
| ENTG Entegris Inc. | 0.38% | 1,273,827 | $117.8M | Reduce -35.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.38% | 2,267,830 | $117.0M | Add +4.1% |
| CSCO Cisco Systems Inc. | 0.36% | 1,601,137 | $109.5M | Add +2.6% |
| GOOG Alphabet Inc. Class C | 0.35% | 440,951 | $107.4M | Reduce -3.6% |
| SWKS Skyworks Solutions Inc. | 0.32% | 1,301,243 | $100.2M | Reduce -35.7% |
| RMBS Rambus Inc. | 0.30% | 901,750 | $94.0M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.29% | 318,836 | $90.0M | Add +3.7% |
| WFC Wells Fargo & Co. | 0.29% | 1,066,109 | $89.4M | Reduce -1.5% |
| XOM Exxon Mobil Corp. | 0.28% | 774,064 | $87.3M | Add +1.6% |
| CRM Salesforce Inc. | 0.27% | 344,945 | $81.8M | Add +3.8% |
| GS Goldman Sachs Group Inc. | 0.26% | 101,189 | $80.6M | Reduce -1.4% |
| NVMI Nova Ltd. | 0.26% | 248,384 | $79.4M | New |
| GE General Electric filed as GE AEROSPACE | 0.26% | 263,197 | $79.2M | Add +2.7% |
| APP AppLovin Corp. Class A | 0.26% | 110,131 | $79.1M | Add +203.6% |
| NFLX Netflix Inc. | 0.26% | 65,992 | $79.1M | Add +1.5% |
| INTU Intuit Inc. | 0.25% | 111,843 | $76.4M | Add +4.7% |
| DHI D.R. Horton Inc. | 0.24% | 443,241 | $75.1M | Add +78.2% |
| NOW ServiceNow Inc. | 0.23% | 77,845 | $71.6M | Add +3.9% |
| LLY Eli Lilly & Co. | 0.23% | 92,064 | $70.2M | Add +8.4% |
| EWY iShares MSCI South Korea ETF | 0.22% | 850,706 | $68.1M | Reduce -13.7% |
| MTSI Macom Technology Solutions H | 0.22% | 542,102 | $67.5M | New |
| MS Morgan Stanley | 0.21% | 405,993 | $64.5M | Reduce -1.8% |
| EWZ iShares MSCI Brazil ETF | 0.21% | 2,057,528 | $63.8M | Reduce -22.4% |
| ARM Arm Holdings PLC-ADR | 0.21% | 447,232 | $63.3M | Reduce -11.8% |
| CVX Chevron Corp. | 0.20% | 403,646 | $62.7M | Add +18.4% |
| ADBE Adobe Inc. | 0.20% | 177,440 | $62.6M | Add +3.2% |
| C Citigroup Inc. | 0.20% | 615,893 | $62.5M | Reduce -1.5% |
| AXP American Express Co. | 0.20% | 181,688 | $60.3M | Reduce -1.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.20% | 122,832 | $60.2M | Add +2.1% |
| PANW Palo Alto Networks Inc. | 0.19% | 291,803 | $59.4M | Add +2.7% |
| IVV iShares Core S&P 500 ETF | 0.19% | 87,516 | $58.6M | No change |
| ANET Arista Networks Inc. | 0.18% | 389,405 | $56.7M | Reduce -0.3% |
| HD Home Depot Inc. | 0.18% | 139,161 | $56.4M | Add +24.6% |
| BLK BlackRock Inc. | 0.18% | 47,930 | $55.9M | Reduce -1.0% |
| RTX RTX Corp. | 0.18% | 332,214 | $55.6M | Add +4.0% |
| SCHW Schwab (charles) Corp. | 0.18% | 567,858 | $54.2M | Reduce 0.0% |
| ABBV Abbvie Inc. | 0.18% | 234,130 | $54.2M | Reduce -1.2% |
| ACN Accenture PLC Class A | 0.17% | 210,000 | $51.8M | Add +2.7% |
| APH Amphenol Corp. Class A | 0.17% | 414,479 | $51.3M | Add +3.8% |
| SPGI S&P Global Inc. | 0.16% | 103,998 | $50.6M | Reduce -0.3% |
| JNJ Johnson & Johnson | 0.16% | 268,564 | $49.8M | Add +5.0% |
| ASX Ase Technology Holding -ADR | 0.16% | 4,455,323 | $49.4M | Reduce -39.7% |
| STM Stmicroelectronics NV-NY SHS | 0.16% | 1,743,244 | $49.3M | Reduce -42.3% |
| PGR Progressive Corp. | 0.16% | 195,095 | $48.2M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.15% | 51,028 | $47.2M | Add +2.1% |
| UMC United Microelectron-SP ADR | 0.15% | 6,220,701 | $47.2M | Reduce -26.0% |
| IEF iShares 7-10 Year Treasury B | 0.15% | 488,622 | $47.1M | Add +12.3% |
| ASHR Xtrackers Harvest Csi 300 CH | 0.15% | 1,392,799 | $45.9M | Reduce -43.1% |
| LEN Lennar Corp. Class A | 0.15% | 363,865 | $45.9M | Add +74.2% |
| COF Capital One Financial Corp. | 0.15% | 214,465 | $45.6M | Reduce -0.0% |
| CDNS Cadence Design SYS Inc. | 0.14% | 125,584 | $44.1M | Reduce -3.6% |
| SNPS Synopsys Inc. | 0.14% | 87,638 | $43.2M | Add +14.8% |
| BX Blackstone Inc. | 0.14% | 247,417 | $42.3M | Add +0.8% |
| PHM Pultegroup Inc. | 0.14% | 315,414 | $41.7M | Add +74.9% |
| WMT Walmart Inc. | 0.13% | 377,472 | $38.9M | Add +2.1% |
| HOOD Robinhood Markets Inc. Class A | 0.12% | 260,870 | $37.4M | Add +10007.3% |
| AMGN Amgen Inc. | 0.12% | 131,561 | $37.1M | Add +0.8% |
| NVR NVR Inc. | 0.12% | 4,597 | $36.9M | Add +75.3% |
| BA The Boeing Co. | 0.12% | 169,360 | $36.6M | Add +7.1% |
| PYPL PayPal Holdings Inc. | 0.12% | 537,832 | $36.1M | Add +0.6% |
Portfolio Sells Q2 2025 → Q3 2025
| TLT iShares 20+ Year Treasury BD | Reduce -7.8% | 10.59% | −0.95 |
| AMD Advanced Micro Devices | Reduce -35.3% | 2.30% | −0.87 |
| TXN Texas Instruments Inc. | Reduce -25.6% | 1.56% | −0.85 |
| QCOM Qualcomm Inc. | Reduce -26.2% | 1.76% | −0.56 |
| MCHP Microchip Technology Inc. | Reduce -22.1% | 1.01% | −0.43 |
| ON On Semiconductor | Reduce -34.6% | 0.61% | −0.40 |
| QRVO Qorvo Inc. | Sold out | 0.00% | −0.34 |
| NXPI NXP Semiconductors NV | Reduce -25.2% | 1.06% | −0.32 |
| OLED Universal Display Corp. | Sold out | 0.00% | −0.29 |
| LSCC Lattice Semiconductor Corp. | Sold out | 0.00% | −0.29 |
| MKSI MKS Inc. | Sold out | 0.00% | −0.29 |
| ADI Analog Devices Inc. | Reduce -20.9% | 1.14% | −0.28 |
| AVGO Broadcom Inc. | Reduce -21.3% | 3.19% | −0.26 |
| ONTO Onto Innovation Inc. | Sold out | 0.00% | −0.21 |
| NVDA Nvidia Corp. | Reduce -16.8% | 5.14% | −0.18 |
| SWKS Skyworks Solutions Inc. | Reduce -35.7% | 0.32% | −0.17 |
| MPWR Monolithic Power Systems Inc. | Reduce -28.3% | 1.13% | −0.14 |
| STM Stmicroelectronics NV-NY SHS | Reduce -42.3% | 0.16% | −0.14 |
| ENTG Entegris Inc. | Reduce -35.4% | 0.38% | −0.14 |
| MRVL Marvell Technology Inc. | Reduce -14.1% | 1.36% | −0.12 |
| ASX Ase Technology Holding -ADR | Reduce -39.7% | 0.16% | −0.09 |
| KLAC KLA Corp. | Reduce -20.2% | 1.41% | −0.08 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.07 |
| ASHR Xtrackers Harvest Csi 300 CH | Reduce -43.1% | 0.15% | −0.07 |
| ARM Arm Holdings PLC-ADR | Reduce -11.8% | 0.21% | −0.07 |
| UMC United Microelectron-SP ADR | Reduce -26.0% | 0.15% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -6.3% | 0.60% | −0.06 |
| EWZ iShares MSCI Brazil ETF | Reduce -22.4% | 0.21% | −0.05 |
| HES Hess Corp. | Sold out | 0.00% | −0.04 |
| V Visa Inc. Class A | Reduce -0.6% | 0.63% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -11.1% | 1.48% | −0.03 |
| FISV Fiserv Inc. | Reduce -1.9% | 0.08% | −0.03 |
| VGK Vanguard Ftse Europe ETF | Reduce -34.3% | 0.05% | −0.03 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −0.03 |
| TER Teradyne Inc. | Reduce -35.6% | 0.62% | −0.02 |
| INDA iShares MSCI India ETF | Reduce -8.4% | 0.10% | −0.02 |
| SWTX Springworks Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| SPGI S&P Global Inc. | Reduce -0.3% | 0.16% | −0.02 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.02 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.01 |
| EWY iShares MSCI South Korea ETF | Reduce -13.7% | 0.22% | −0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -0.1% | 0.10% | −0.01 |
| MRSH Marsh & McLennan Cos | Reduce -0.1% | 0.11% | −0.01 |
| FIS Fidelity National Info Serv | Reduce -0.5% | 0.04% | −0.01 |
| PPBI Pacific Premier Bancorp Inc. | Sold out | 0.00% | −0.01 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -46.7% | 0.03% | −0.01 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.01 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.01 |
| GDDY GoDaddy Inc. Class A | Reduce -0.6% | 0.02% | −0.01 |
| CRNX Crinetics Pharmaceuticals Inc. | Reduce -93.2% | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| ALAB Astera Labs Inc. | New | 0.68% | +0.68 |
| CRDO Credo Technology Group Holdi | New | 0.60% | +0.60 |
| GDX Vaneck Gold Miners ETF | Add +0.1% | 1.62% | +0.50 |
| RMBS Rambus Inc. | New | 0.30% | +0.30 |
| NVMI Nova Ltd. | New | 0.26% | +0.26 |
| MTSI Macom Technology Solutions H | New | 0.22% | +0.22 |
| APP AppLovin Corp. Class A | Add +203.6% | 0.26% | +0.21 |
| FXI iShares China Large-Cap ETF | Add +3.0% | 1.78% | +0.21 |
| QQQ Invesco QQQ Trust Series 1 | Add +15.8% | 1.07% | +0.21 |
| DHI D.R. Horton Inc. | Add +78.2% | 0.24% | +0.14 |
| HOOD Robinhood Markets Inc. Class A | Add +10007.3% | 0.12% | +0.12 |
| LEN Lennar Corp. Class A | Add +74.2% | 0.15% | +0.07 |
| PHM Pultegroup Inc. | Add +74.9% | 0.14% | +0.07 |
| NVR NVR Inc. | Add +75.3% | 0.12% | +0.06 |
| AMZN Amazon.com Inc. | Add +8.2% | 0.90% | +0.05 |
| DDOG Datadog Inc. Class A | Add +100.9% | 0.10% | +0.05 |
| HD Home Depot Inc. | Add +24.6% | 0.18% | +0.05 |
| XYZ Block Inc. | New | 0.04% | +0.04 |
| CVX Chevron Corp. | Add +18.4% | 0.20% | +0.04 |
| LOW Lowe's Cos Inc. | Add +44.2% | 0.11% | +0.04 |
| BAC Bank of America Corp. | Add +4.1% | 0.38% | +0.04 |
| GE General Electric | Add +2.7% | 0.26% | +0.04 |
| SHW The Sherwin-Williams Co. | Add +77.1% | 0.09% | +0.04 |
| TRI Thomson Reuters Corp. | New | 0.04% | +0.04 |
| APH Amphenol Corp. Class A | Add +3.8% | 0.17% | +0.04 |
| TOL Toll Brothers Inc. | Add +81.8% | 0.07% | +0.04 |
| JNJ Johnson & Johnson | Add +5.0% | 0.16% | +0.03 |
| IBKR Interactive Brokers Gro Class A | Add +1377.2% | 0.03% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.3% | 1.04% | +0.03 |
| BLD Topbuild Corp. | Add +81.3% | 0.05% | +0.03 |
| RTX RTX Corp. | Add +4.0% | 0.18% | +0.03 |
| GLW Corning Inc. | Add +4.4% | 0.07% | +0.03 |
| MAS Masco Corp. | Add +97.7% | 0.04% | +0.02 |
| STX Seagate Technology Holdings | Add +1.3% | 0.06% | +0.02 |
| LII Lennox International Inc. | Add +99.3% | 0.05% | +0.02 |
| BLDR Builders Firstsource Inc. | Add +99.2% | 0.04% | +0.02 |
| TEL Te Connectivity PLC | Add +2.9% | 0.07% | +0.02 |
| OC Owens Corning | Add +115.0% | 0.03% | +0.02 |
| IBP Installed Building Products | Add +86.2% | 0.03% | +0.02 |
| BX Blackstone Inc. | Add +0.8% | 0.14% | +0.02 |
| MTSR Metsera Inc. | Add +436.3% | 0.02% | +0.02 |
| IEF iShares 7-10 Year Treasury B | Add +12.3% | 0.15% | +0.02 |
| TMHC Taylor Morrison Home Corp. | Add +81.3% | 0.03% | +0.02 |
| VNOM Viper Energy Inc. Class A | New | 0.01% | +0.01 |
| CADE Cadence Bank | Add +44.9% | 0.04% | +0.01 |
| CRSP Crispr Therapeutics AG | Add +34.9% | 0.03% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +4.8% | 0.11% | +0.01 |
| FNB FNB Corp. | Add +54.0% | 0.03% | +0.01 |
| CVCO Cavco Industries Inc. | Add +83.8% | 0.02% | +0.01 |
| RNAM Avidity Biosciences Inc. | Add +36.7% | 0.02% | +0.01 |
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 |