Q1 2026 · 295 focused 13F books · Updated Sep 6, 2026 · SEC EDGAR

What the smart money bought in Q1 2026

In Q1 2026, NVDA entered 16 of the 295 most focused 13F books ($3.2B in; 75 already held it), more than any other stock. H&H International Investment, LLC made it 12% of its book. SNDK (14) and MU (14) came next. 15 books sold out of MSFT ($5.5B out), the most of any name. Tiger Global Management LLC sold $1.4B.

Q2 2026Q1 2026

13F holdings are filed up to 45 days after quarter-end; positions are as of 2026-03-31 and were broadly public by ~2026-05-15. This is where money WAS, not where it is now.

Opened: the names that entered the most books

Ranked by funds opening a new position · then money in
#StockFunds openingMoney inShare of bookBiggest buyer
1
Nvidia Corporation · Information Technology
16
75 held it before · 30 added
$3.2B3.6%
median
H&H International Investment, LLC
$1.2B · 12% of its book
2
Sandisk Corp · Information Technology
14
11 held it before · 3 added
$451.4M0.4%
median
Appaloosa LP
$178.7M · 3.0% of its book
3
Micron Technology Inc · Information Technology
14
21 held it before · 9 added
$287.5M0.3%
median
Crake Asset Management LLP
$64.9M · 2.3% of its book
4
Lumentum Hldgs Inc · Communication Services
12
9 held it before · 3 added
$275.2M0.4%
median
Tiger Global Management LLC
$96.1M · 0.4% of its book
5
Cytokinetics Inc · Health Care
10
7 held it before · 4 added
$455.9M0.6%
median
Avoro Capital Advisors LLC
$219.7M · 2.2% of its book
6
Versant Media Group Inc · Communication Services
10
none held it before
$131.3M0.2%
median
Goldentree Asset Management LP
$48.3M · 2.9% of its book
7
Visa Inc · Financials
9
60 held it before · 26 added
$1.8B3.7%
median
Egerton Capital (UK) LLP
$253.9M · 14% of its book
8
ASML Hldg NV · Information Technology
9
26 held it before · 12 added
$884.0M0.9%
median
Coatue Management LLC
$655.4M · 2.3% of its book
9
Sunbelt Rentals Holdings Inc · Industrials
9
none held it before
$784.2M1.3%
median
Ruane, Cunniff & Goldfarb L.P.
$357.2M · 5.9% of its book
10
Definium Therapeutics Inc · Health Care
9
none held it before
$301.7M1.1%
median
Avoro Capital Advisors LLC
$94.5M · 0.9% of its book

Sold: the names the most books got out of

Ranked by funds selling out · then money out
#StockFunds selling outMoney outShare of bookBiggest seller
1
Microsoft Corp · Information Technology
15
of 102 holders · 34 trimmed
$5.5B5.2%
median
Tiger Global Management LLC
$1.4B · 8.9% of its prior book
2
Salesforce Inc · Information Technology
12
of 31 holders · 9 trimmed
$1.9B1.4%
median
Generation Investment Management LLP
$734.6M · 5.1% of its prior book
3
Exact Sciences Corp · Materials
11
of 12 holders · 0 trimmed
$870.8M0.4%
median
Pentwater Capital Management LP
$736.3M · 3.9% of its prior book
4
CRH PLC · Materials
9
of 21 holders · 3 trimmed
$477.6M1.1%
median
Baupost Group LLC
$133.9M · 2.5% of its prior book
5
Atlassian Corporation · Information Technology
9
of 13 holders · 1 trimmed
$65.8M0.6%
median
Anomaly Capital Management, LP
$22.6M · 0.8% of its prior book
6
Meta Platforms Inc · Information Technology
8
of 76 holders · 27 trimmed
$1.4B4.0%
median
Coatue Management LLC
$640.2M · 6.2% of its prior book
7
Flutter Entmt PLC · Information Technology
8
of 16 holders · 3 trimmed
$1.2B0.8%
median
Tiger Global Management LLC
$860.9M · 2.9% of its prior book
8
Fiserv Inc · Financials
8
of 15 holders · 1 trimmed
$259.9M1.0%
median
Baupost Group LLC
$147.8M · 2.8% of its prior book
9
Unitedhealth Group Inc · Health Care
7
of 35 holders · 12 trimmed
$1.9B0.5%
median
Berkshire Hathaway Inc
$1.7B · 0.6% of its prior book
10
Alphabet Inc · Information Technology
7
of 88 holders · 36 trimmed
$1.9B3.5%
median
Coatue Management LLC
$791.3M · 5.4% of its prior book

Each fund is compared with its own prior 13F. Money in is the added fraction of the filer's reported value, money out the removed fraction of the prior one; no market price enters. Share of book is the median position size among the funds on that side of the trade. Insider marks are distinct insiders with an open-market purchase within 90 days of quarter end.

The most focused books, Q1 2026

480 conviction filers scored · not a return ranking
#ScoreFundBiggest betBiggest move this quarterWatch
196Lynx1 Capital Management LP
Hedge fund · 23 names · $632.7M +28.1% · 97% in top 10
STOK$155.1M
25% of book
AGIO+$85.7M
added
294EcoR1 Capital, LLC
Hedge fund · 29 names · $2.4B +6.9% · 90% in top 10
ZYME$575.2M
24% of book
CNTA+$114.6M
added
393Gendell Jeffrey L
Hedge fund · 100 names · $7.3B +27.6% · 80% in top 10
IESC$4.9B
67% of book
APH+$45.5M
new position
491Hound Partners, LLC
Hedge fund · 34 names · $799.4M +7.6% · 80% in top 10
NCLH$106.8M
13% of book
HOOD+$73.1M
new position
591Avidity Partners Management LP
Hedge fund · 52 names · $505.3M +45.8% · 80% in top 10
DNTH$176.6M
35% of book
CATX+$11.8M
added
690Hill City Capital, LP
Hedge fund · 23 names · $2.8B +5.7% · 83% in top 10
MTZ$693.3M
25% of book
STM+$79.5M
new position
789Sessa Capital IM, L.P.
Hedge fund · 31 names · $5.5B +3.0% · 82% in top 10
WBD$877.8M
16% of book
KMB+$427.5M
new position
889Samsara BioCapital, LLC
Hedge fund · 22 names · $1.0B +6.2% · 92% in top 10
SRRK$339.1M
33% of book
SGP+$54.7M
new position
988Tyro Capital Management LLC
Hedge fund · 23 names · $920.6M +70.3% · 81% in top 10
ESTA$65.4M
7.1% of book
WDC+$16.1M
new position
1088Insight Holdings Group, LLC
Hedge fund · 28 names · $1.4B +6.5% · 90% in top 10
HNGE$361.5M
25% of book
EQPT+$275.5M
new position
1188North Reef Capital Management LP
Hedge fund · 60 names · $2.9B +16.9% · 66% in top 10
FHN$329.0M
11% of book
KEY+$253.6M
new position
1288Proem Advisors LLC
Hedge fund · 29 names · $1.7B +90.4% · 74% in top 10
NVDA$44.5M
2.7% of book
AMZN−$32.1M
trimmed
1387Black Maple Capital Management LP
Hedge fund · 80 names · $179.5M +25.6% · 61% in top 10
EXE$7.5M
4.2% of book
EXE+$7.5M
new position
1487Wallace Capital Management Inc.
Hedge fund · 75 names · $870.8M +4.9% · 76% in top 10
WTM$173.1M
20% of book
UHAL/B+$24.2M
new position
1586Kopernik Global Investors, LLC
Hedge fund · 27 names · $1.4B +14.4% · 72% in top 10
SA$207.8M
15% of book
SLB−$50.1M
sold out

How this page is built

Only hedge funds, private equity, family offices and holding companies with an eligible 13F book can appear; index, wealth, pension, insurer and endowment books never do. Each book gets a 0-100 focus score per quarter with no price data (40% top-10 focus adjusted for book size, 20% reported book growth, 40% evidence-adjusted insider co-buy), and the two tables read the position changes of the 295 highest-scoring books that also have a comparable prior filing. Focus is an attention filter, not proof that a manager made money.

What stocks were hedge funds buying in Q1 2026?

Across the 295 most focused 13F books, the names opened by the most funds were NVDA (16 new positions, $3.2B in), SNDK (14 new positions, $451.4M in) and MU (14 new positions, $287.5M in). "Opened" means the fund did not hold the name in its prior 13F; money in is the added fraction of the filer's own reported value, never a market price.

What were hedge funds selling in Q1 2026?

The names the most focused books sold out of were MSFT (15 exits, $5.5B out), CRM (12 exits, $1.9B out) and EXK (11 exits, $870.8M out). An exit is a position present in the prior 13F and absent now; money out is the removed fraction of the prior reported value.

What does smart money mean on this page?

Positively classified conviction filers only: hedge funds, private equity, family offices and holding companies with an eligible 13F book. Index funds, wealth platforms, pensions, insurers, endowments and unclassified filers never appear. 480 such books scored in Q1 2026; the tables read the 295 highest-scoring ones with a comparable prior filing. 13F holdings are filed up to 45 days after quarter-end; positions are as of 2026-03-31 and were broadly public by ~2026-05-15. This is where money WAS, not where it is now.

Source: SEC EDGAR Form 13F and Form 4 (public domain)API / MCPMarkdown twinWhat smart money means here

Capital Rotation reports where institutional capital disclosed rotating, as of the latest public SEC 13F filings. It is data, not investment advice, a recommendation, or a prediction. Filings lag about 45 days and cover long US equity positions only. Past disclosed flows do not indicate future prices. Do your own research; consult a licensed advisor.