Sector · 13F · Q2 2026 · portfolios as of June 30, 2026
Financials: what concentrated managers hold, add and drop (Q2 2026)
Financials averages 14.1% of concentrated managers' 13F portfolios at the end of Q2 2026 (14.6% the previous quarter). They hold stocks of 493 companies in the sector; the largest combined position is American Express.
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Weight of Financials in the portfolios, 20 quarters
Q2 2026: 14.1%
Largest holdings
By combined value in concentrated managers' portfolios.
- 1American ExpressAXP74 managers$52.7 bn
- 2Bank of AmericaBAC59 managers$28.1 bn
- 3VisaV185 managers$24.4 bn
- 4Moody'sMCO56 managers$21.5 bn
- 5S&P GlobalSPGI73 managers$13.6 bn
- 6ChubbCB30 managers$12.5 bn
- 7MastercardMA152 managers$11.9 bn
- 8Berkshire HathawayBRK/B148 managers$8.8 bn
- 9Capital One FinancialCOF38 managers$4.7 bn
- 10Nu HoldingsNU51 managers$4.2 bn
Held by the most managers
By number of concentrated managers holding it.
- 1VisaV10 opened · 6 exited · 54 added, 68 trimmed185was 181
- 2MastercardMA10 opened · 6 exited · 35 added, 60 trimmed152was 148
- 3Berkshire HathawayBRK/B3 opened · 4 exited · 34 added, 54 trimmed148was 149
- 4JPMorgan ChaseJPM3 opened · 6 exited · 16 added, 40 trimmed120was 123
- 5American ExpressAXP7 opened · 2 exited · 12 added, 20 trimmed74was 69
- 6S&P GlobalSPGI8 opened · 4 exited · 22 added, 26 trimmed73was 69
- 7Bank of AmericaBAC3 opened · 1 exited · 7 added, 18 trimmed59was 57
- 8Moody'sMCO4 opened · 5 exited · 13 added, 22 trimmed56was 57
- 9Berkshire HathawayBRK/A2 opened · 2 exited · 5 added, 11 trimmed55was 55
- 10Nu HoldingsNU8 opened · 4 exited · 27 added, 8 trimmed51was 47
Stocks most managers added
Net change in managers over the quarter, and from how many to how many. From 0 to many is usually an IPO.
- 1ARES ManagementARES7 opened · 1 exited · 5 added, 1 trimmed+612 → 18
- 2American ExpressAXP7 opened · 2 exited · 12 added, 20 trimmed+569 → 74
- 3VisaV10 opened · 6 exited · 54 added, 68 trimmed+4181 → 185
- 4MastercardMA10 opened · 6 exited · 35 added, 60 trimmed+4148 → 152
- 5S&P GlobalSPGI8 opened · 4 exited · 22 added, 26 trimmed+469 → 73
- 6Nu HoldingsNU8 opened · 4 exited · 27 added, 8 trimmed+447 → 51
- 7Arthur J. GallagherAJG6 opened · 2 exited · 5 added, 4 trimmed+417 → 21
- 8First Carolina Financial ServicesFCBM4 opened · 0 exited · 0 added, 0 trimmed · nobody held it the previous quarter+40 → 4
- 9Wells FargoWFC3 opened · 0 exited · 6 added, 13 trimmed+345 → 48
- 10Hdfc BankHDB4 opened · 1 exited · 9 added, 12 trimmed+328 → 31
Stocks most managers dropped
Net change in managers over the quarter, and from how many to how many.
- 1Futu HoldingsFUTU1 opened · 6 exited · 4 added, 0 trimmed−512 → 7
- 2JPMorgan ChaseJPM3 opened · 6 exited · 16 added, 40 trimmed−3123 → 120
- 3ToastTOST3 opened · 6 exited · 8 added, 3 trimmed−322 → 19
- 4Robinhood MarketsHOOD2 opened · 5 exited · 5 added, 2 trimmed−316 → 13
- 5M&t BankMTB0 opened · 3 exited · 1 added, 5 trimmed−312 → 9
- 6WealthfrontWLTH0 opened · 3 exited · 1 added, 1 trimmed−36 → 3
- 7Burford CapitalBUR0 opened · 3 exited · 0 added, 0 trimmed−34 → 1
- 8AonAON2 opened · 4 exited · 8 added, 15 trimmed−236 → 34
- 9CitigroupC2 opened · 3 exited · 7 added, 10 trimmed−235 → 33
- 10Figure Technology SolutionsFIGR5 opened · 7 exited · 2 added, 3 trimmed−213 → 11
Insider buying
Open-market purchases reported on Form 4, last 180 days.
- 1Jefferies Financial GroupJEF1 buyer · 9 managers$677M
- 2Robinhood MarketsHOOD1 buyer · 13 managers$55.3M
- 3Goosehead InsuranceGSHD5 buyers · 3 managers$19.3M
- 4Shift4 PaymentsFOUR1 buyer · 6 managers$15.9M
- 5First Citizens BancsharesFCNCA2 buyers · 6 managers$12.7M
- 6Klarna GroupKLAR1 buyer · 7 managers$10.0M
- 7AonAON1 buyer · 34 managers$6.5M
- 8Five Star BancorpFSBC5 buyers · 1 manager$5.8M
- 9Radian GroupRDN1 buyer · 2 managers$5.8M
- 10Northpointe BancsharesNPB4 buyers · 4 managers$5.4M
With holders above 5%
Companies in the sector with active 13D filings or holders reporting more than 5% (13D/13G).
- 1Berkshire HathawayBRK/A55 managers1 above 5%1 with a 13D
- 2Morgan StanleyMS25 managers2 above 5%1 with a 13D
- 3Apollo Global ManagementAPO20 managers4 above 5%3 with a 13D
- 4Brookfield Asset ManagementBAM14 managers1 above 5%1 with a 13D
- 5WEXWEX12 managers5 above 5%1 with a 13D
- 6Credit AcceptanceCACC8 managers6 above 5%3 with a 13D
- 7LoewsL8 managers3 above 5%2 with a 13D
- 8Berkley W RWRB7 managers3 above 5%3 with a 13D
- 9XPXP7 managers5 above 5%2 with a 13D
- 10GPGIGPGI6 managers5 above 5%2 with a 13D
How it is calculated
A sector's weight. For each concentrated manager we add up the weight of its positions in that sector within its 13F portfolio, then average across all of them. Every manager counts the same, whatever its size: it is not the share of total money. Stocks we could not classify weigh 2.7%; with them, the weights add up to 100%.
Where each company's sector comes from. From the industry code (SIC) the company reports to the SEC, mapped to eleven sectors with a published table, plus a short list of manual corrections. See the table.
How managers are counted. For each stock, how many concentrated managers held it at the end of the previous quarter and how many at the end of this one. A company that went public in the quarter goes from 0 to many: that is why both figures are shown, not just the difference. Who the concentrated managers are.
It is a snapshot of a quarter that has already closed: portfolios as of June 30, 2026, public by August 14, 2026. A 13F does not include short positions, bonds, cash or stocks not listed in the United States. Research information; not investment advice.