Teza Capital Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Teza Capital Management LLC reported 46 stock positions worth $18.5 million. Its top holding was Bank of America (BAC) at 8.8% of the portfolio, followed by Nvidia (NVDA, 6.6%) and Boston Scientific (BSX, 4.1%). Compared with Q2 2025, it opened 7 new positions, sold out of 267, added to 11 and reduced 24. The biggest buy was Boston Scientific (BSX, shares +67%) and the biggest sale an exit from Union Pacific (UNP).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001655789
- Portfolio Value
- $18.5M (Q3 2025)
- SEC Filing
- 0001214659-25-016643 ↗ filed Nov 14, 2025
Holdings Value
Holdings 46 stocks · $18.5M
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 8.77% | 31,442 | $1.6M | Reduce -23.5% |
| NVDA Nvidia Corp. | 6.62% | 6,567 | $1.2M | Reduce -51.2% |
| BSX Boston Scientific Corp. | 4.08% | 7,735 | $755K | Add +66.9% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 3.87% | 20,817 | $715K | Reduce -31.3% |
| USB US Bancorp | 3.49% | 13,370 | $646K | Add +75.8% |
| GE General Electric filed as GE AEROSPACE | 3.40% | 2,089 | $628K | No change |
| TFC Truist Financial Corp. | 3.20% | 12,957 | $592K | Reduce -38.3% |
| FITB Fifth Third Bancorp | 3.09% | 12,828 | $571K | No change |
| MS Morgan Stanley | 3.04% | 3,539 | $563K | Reduce -74.2% |
| EXE Expand Energy Corp. | 2.54% | 4,417 | $469K | Add +95.6% |
| MU Micron Technology Inc. | 2.45% | 2,710 | $453K | Add +1.4% |
| LRCX Lam Research Corp. | 2.42% | 3,345 | $448K | New |
| AFL Aflac Inc. | 2.27% | 3,759 | $420K | New |
| KEY Keycorp | 2.21% | 21,896 | $409K | Add +23.0% |
| PGR Progressive Corp. | 2.21% | 1,655 | $409K | Reduce -56.3% |
| C Citigroup Inc. | 2.10% | 3,829 | $389K | No change |
| GLW Corning Inc. | 2.07% | 4,668 | $383K | Reduce -71.0% |
| UNH Unitedhealth Group Inc. | 1.98% | 1,060 | $366K | Reduce -8.7% |
| GIS General Mills Inc. | 1.94% | 7,113 | $359K | New |
| SYK Stryker Corp. | 1.94% | 970 | $359K | Add +1.0% |
| FISV Fiserv Inc. | 1.85% | 2,661 | $343K | Add +3.5% |
| ABBV Abbvie Inc. | 1.84% | 1,467 | $340K | Reduce -67.6% |
| MMM 3M Co. | 1.73% | 2,067 | $321K | Reduce -44.1% |
| MSFT Microsoft Corp. | 1.70% | 606 | $314K | Reduce -25.7% |
| PCAR Paccar Inc. | 1.68% | 3,153 | $310K | No change |
| TRGP Targa Resources Corp. | 1.67% | 1,840 | $308K | Reduce -82.8% |
| CIEN Ciena Corp. | 1.66% | 2,103 | $306K | New |
| NWSA News Corp. Class A | 1.60% | 9,667 | $297K | Reduce -38.0% |
| WMB Williams Cos Inc. | 1.54% | 4,505 | $285K | Reduce -53.8% |
| AIG American International Group | 1.50% | 3,544 | $278K | Reduce -66.6% |
| CPRT Copart Inc. | 1.46% | 6,019 | $271K | Add +45.0% |
| TSLA Tesla Inc. | 1.46% | 608 | $270K | Reduce -66.0% |
| DVN Devon Energy Corp. | 1.46% | 7,693 | $270K | Add +3.9% |
| APH Amphenol Corp. Class A | 1.39% | 2,079 | $257K | Reduce -75.5% |
| ADBE Adobe Inc. | 1.39% | 727 | $256K | Add +12.5% |
| AMD Advanced Micro Devices | 1.32% | 1,507 | $244K | Reduce -79.3% |
| KBH KB Home | 1.30% | 3,788 | $241K | New |
| CTAS Cintas Corp. | 1.29% | 1,167 | $240K | Reduce -61.9% |
| PFG Principal Financial Group | 1.25% | 2,793 | $232K | Reduce -37.5% |
| ACN Accenture PLC Class A | 1.25% | 938 | $231K | New |
| NET Cloudflare Inc. Class A | 1.23% | 1,056 | $227K | Add +1.5% |
| EW Edwards Lifesciences Corp. | 1.20% | 2,863 | $223K | Reduce -83.1% |
| LOW Lowe's Cos Inc. | 1.17% | 858 | $216K | Reduce -63.0% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.15% | 2,769 | $212K | New |
| DD Dupont DE Nemours Inc. | 1.13% | 2,677 | $209K | Reduce -21.1% |
| HAIN Hain Celestial Group Inc. | 0.09% | 10,351 | $16K | Reduce -74.9% |
Portfolio Sells Q2 2025 → Q3 2025
| UNP Union Pacific Corp. | Sold out | 0.00% | −1.15 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −1.05 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.97 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.95 |
| OZK Bank Ozk | Sold out | 0.00% | −0.94 |
| EIX Edison International | Sold out | 0.00% | −0.91 |
| FE Firstenergy Corp. | Sold out | 0.00% | −0.83 |
| COP Conocophillips | Sold out | 0.00% | −0.77 |
| EBAY eBay Inc. | Sold out | 0.00% | −0.75 |
| AXS Axis Capital Holdings Ltd. | Sold out | 0.00% | −0.73 |
| EAT Brinker International Inc. | Sold out | 0.00% | −0.72 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.72 |
| PNW Pinnacle West Capital | Sold out | 0.00% | −0.70 |
| CADE Cadence Bank | Sold out | 0.00% | −0.64 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.64 |
| AME Ametek Inc. | Sold out | 0.00% | −0.62 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.62 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.60 |
| GD General Dynamics Corp. | Sold out | 0.00% | −0.60 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.59 |
| HAS Hasbro Inc. | Sold out | 0.00% | −0.58 |
| ROIV Roivant Sciences Ltd. | Sold out | 0.00% | −0.58 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.58 |
| OKE Oneok Inc. | Sold out | 0.00% | −0.56 |
| OKTA Okta Inc. | Sold out | 0.00% | −0.56 |
| BA The Boeing Co. | Sold out | 0.00% | −0.56 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.55 |
| JBL Jabil Inc. | Sold out | 0.00% | −0.55 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.55 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.55 |
| APA Apa Corp. | Sold out | 0.00% | −0.54 |
| AWK American Water Works Co. Inc. | Sold out | 0.00% | −0.52 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.51 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.51 |
| LDOS Leidos Holdings Inc. | Sold out | 0.00% | −0.51 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.50 |
| ATO Atmos Energy Corp. | Sold out | 0.00% | −0.49 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −0.47 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.47 |
| NWS News Corp. Class B | Sold out | 0.00% | −0.46 |
| CNH CNH Industrial NV | Sold out | 0.00% | −0.46 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −0.46 |
| OTIS Otis Worldwide Corp. | Sold out | 0.00% | −0.45 |
| IDA Idacorp Inc. | Sold out | 0.00% | −0.45 |
| RHI Robert Half Inc. | Sold out | 0.00% | −0.44 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.44 |
| FTI Technipfmc PLC | Sold out | 0.00% | −0.44 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.43 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.42 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.41 |
Portfolio Buys Q2 2025 → Q3 2025
| BSX Boston Scientific Corp. | Add +66.9% | 4.08% | +3.71 |
| USB US Bancorp | Add +75.8% | 3.49% | +3.24 |
| LRCX Lam Research Corp. | New | 2.42% | +2.42 |
| EXE Expand Energy Corp. | Add +95.6% | 2.54% | +2.34 |
| AFL Aflac Inc. | New | 2.27% | +2.27 |
| MU Micron Technology Inc. | Add +1.4% | 2.45% | +2.21 |
| KEY Keycorp | Add +23.0% | 2.21% | +1.98 |
| GIS General Mills Inc. | New | 1.94% | +1.94 |
| CIEN Ciena Corp. | New | 1.66% | +1.66 |
| SYK Stryker Corp. | Add +1.0% | 1.94% | +1.66 |
| FISV Fiserv Inc. | Add +3.5% | 1.85% | +1.52 |
| CPRT Copart Inc. | Add +45.0% | 1.46% | +1.31 |
| KBH KB Home | New | 1.30% | +1.30 |
| DVN Devon Energy Corp. | Add +3.9% | 1.46% | +1.28 |
| ACN Accenture PLC Class A | New | 1.25% | +1.25 |
| ADBE Adobe Inc. | Add +12.5% | 1.39% | +1.20 |
| WRB WR Berkley Corp. | New | 1.15% | +1.15 |
| NET Cloudflare Inc. Class A | Add +1.5% | 1.23% | +1.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 119 | $51.8M | MU, BAC, NVDA, CIEN, GLW |
| Q1 2026 | 76 | $27.3M | BAC, SLB, FITB, NVDA, GE |
| Q4 2025 | 77 | $31.1M | BAC, USB, NVDA, BSX, MMM |
| Q3 2025 | 46 | $18.5M | BAC, NVDA, BSX, SLB, USB |
| Q2 2025 | 306 | $134.1M | NVDA, BAC, MS, TRGP, UNP |
| Q1 2025 | 403 | $218.7M | JPM, DIS, META, GOOG, BAC |
| Q4 2024 | 467 | $660.5M | TT, EG, PNR, MSFT, GLOB |
| Q3 2024 | 578 | $911.3M | GOOG, KMX, MU, UNP, CVX |
| Q2 2024 | 561 | $815.7M | MU, PYPL, WFC, BSX, GD |
| Q1 2024 | 547 | $752.3M | MDLZ, ADM, AMZN, GOOG, ROST |