Institutional Trends

What hedge funds are buying and selling based on 13F filings.

Quarter:Q2 2026 Q1 2026 Q3 2025

Most Bought Stocks

#	Stock	Company	Net Value Change	Funds Buying	Funds Selling	Sector
1	VUG	Vanguard Morningstar Growth ETF	+$12.0T	124	2	Financial Services
2	MGK	Vanguard Mega Cap Growth ETF	+$4.8T	47	0	Financial Services
3	VO	Vanguard Morningstar Mid-Cap ETF	+$4.4T	116	1	Financial Services
4	IUSB	iShares Core Universal USD Bond ETF	+$2.2T	23	13	Financial Services
5	CORO	iShares International Country Rotation Active ETF	+$1.9T	8	0	Financial Services
6	MSTR	Strategy Inc	+$1.8T	2	3	Technology
7	NOW	ServiceNow, Inc.	+$1.8T	47	37	Technology
8	BND	Vanguard Total Bond Market ETF	+$1.8T	44	22	Financial Services
9	SPYM	State Street SPDR Portfolio S&P 500 ETF	+$1.7T	47	25	Financial Services
10	VEA	Vanguard FTSE Developed Markets ETF	+$1.7T	72	48	Financial Services
11	IALT	iShares Systematic Alternatives Active ETF	+$1.6T	1	0	Financial Services
12	DYNF	iShares U.S. Equity Factor Rotation Active ETF	+$1.6T	19	13	Financial Services
13	CVNA	Carvana Co.	+$1.4T	39	0	Consumer Cyclical
14	ABT	Abbott Laboratories	+$1.3T	61	82	Healthcare
15	NEM	Newmont Corporation	+$1.3T	38	47	Basic Materials
16	BNDX	Vanguard Total International Bond ETF	+$1.2T	31	11	Financial Services
17	GGOV	iShares Global Government Bond USD Hedged Active ETF	+$1.2T	0	0	Financial Services
18	AQLT	ISHARES TR	+$1.1T	85	42	—
19	BABA	Alibaba Group Holding Limited	+$904.1B	27	30	Consumer Cyclical
20	IJH	iShares Core S&P Mid-Cap ETF	+$863.7B	51	66	Financial Services
21	SE	Sea Limited	+$817.3B	19	11	Consumer Cyclical
22	ZTS	Zoetis Inc.	+$789.7B	29	47	Healthcare
23	QXO	QXO, Inc.	+$699.1B	20	3	Industrials
24	AVEM	Avantis Emerging Markets Equity ETF	+$674.1B	19	21	Financial Services
25	IBKR	Interactive Brokers Group, Inc.	+$634.6B	19	25	Financial Services

Most Sold Stocks

#	Stock	Company	Net Value Change	Funds Buying	Funds Selling	Sector
1	CSCO	Cisco Systems, Inc.	$-5.8T	45	132	Technology
2	INTC	Intel Corp.	$-2.9T	50	76	Technology
3	NFLX	Netflix, Inc.	$-2.3T	79	71	Communication Services
4	EFV	iShares MSCI EAFE Value ETF	$-2.0T	19	28	Financial Services
5	CVS	CVS Health Corp.	$-1.8T	42	52	Healthcare
6	SBUX	Starbucks Corporation	$-1.4T	45	66	Consumer Cyclical
7	BSX	Boston Scientific Corporation	$-1.2T	22	43	Healthcare
8	IAGG	iShares Core International Aggregate Bond ETF	$-1.2T	17	15	Financial Services
9	CM	Canadian Imperial Bank of Commerce	$-1.2T	12	10	Financial Services
10	MRVL	Marvell Technology, Inc.	$-1.0T	30	38	Technology
11	T	AT&T Inc.	$-1.0T	64	72	Communication Services
12	HOOD	Robinhood Markets, Inc.	$-980.4B	31	22	Financial Services
13	UPS	United Parcel Service, Inc.	$-951.0B	56	56	Industrials
14	SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	$-929.2B	28	20	Financial Services
15	CPNG	Coupang, Inc.	$-911.2B	7	13	Consumer Cyclical
16	FTNT	Fortinet, Inc.	$-876.5B	23	40	Technology
17	CTRA	Coterra Energy Inc.	$-736.2B	0	1	Energy
18	TD	The Toronto-Dominion Bank	$-725.8B	20	19	Financial Services
19	DUOL	Duolingo, Inc.	$-707.9B	6	14	Technology
20	ROKU	Roku, Inc.	$-688.9B	14	15	Communication Services
21	XLFI	SELECT SECTOR SPDR TR	$-676.7B	23	37	—
22	SCHV	Schwab U.S. Large-Cap Value ETF	$-649.8B	22	23	Financial Services
23	NU	Nu Holdings Ltd.	$-647.4B	15	14	Financial Services
24	SCHG	Schwab U.S. Large-Cap Growth ETF	$-641.5B	41	24	Financial Services
25	RBA	RB Global, Inc.	$-626.4B	15	15	Industrials

Sector Rotation

Real Estate$-325153618195192 (-83.5%)

Basic Materials$-491475094464132 (-77.5%)

Industrials$-663095140257927 (-78.3%)

Consumer Cyclical$-718874837212026 (-70.5%)

Utilities$-758810850129863 (-85.0%)

Energy$-809621155456786 (-75.9%)

Consumer Defensive$-845750831361766 (-79.7%)

Communication Services$-937105337875697 (-82.4%)

Healthcare$-1089508281680645 (-74.6%)

Technology$-1492069438125918 (-72.9%)

Financial Services$-2952057557404262 (-83.1%)

Most Active Funds

#	Fund	Portfolio Value	Turnover	New Positions	Closed	Biggest Buy
1	PATHWAY CAPITAL MANAGEMENT, LP	$15.9B	100.0%	4	2	RBRK
2	SUMMITRY LLC	$955.2B	100.0%	338	0	CARR
3	Wealthquest Corp	$796.1B	100.0%	173	0	AQLT
4	Rathbones Group PLC	$3.5T	100.0%	654	0	KO
5	CONFLUENCE INVESTMENT MANAGEMENT LLC	$2.5T	100.0%	280	0	FAST
6	Beacon Wealthcare LLC	$137.8B	100.0%	26	0	IEF
7	GP Brinson Investments LLC	$130.8B	100.0%	14	0	VEA
8	Marathon Mission, Inc.	$124.1B	100.0%	56	0	SPYV
9	Roxbury Financial LLC	$36.9B	100.0%	404	0	FBCG
10	KERR FINANCIAL PLANNING Corp	$23.7B	100.0%	534	0	ARKK
11	SWP Investment Management LLC	$22.1B	100.0%	51	0	BKR
12	Adelphi Trust Co	$45.6B	100.0%	114	0	VO
13	Valor Advisors LLC	$15.6B	100.0%	35	0	XLE
14	BURKETT FINANCIAL SERVICES, LLC	$280.8B	100.0%	253	0	SCHG
15	Cedar Mountain Advisors, LLC	$164.4B	100.0%	1166	0	SPSB
16	Bank of Finland	$1.2T	100.0%	4	0	USCA
17	Gladwyn Financial Advisors, Inc.	$72.6B	100.0%	82	0	MGK
18	Diesslin Group, Inc.	$74.0B	100.0%	59	0	SMMD
19	Pangea Capital Gestao de Recursos Ltda.	$100.0M	100.0%	3	0	BRK/B
20	Frisco Financial Planning LLC	$104.3B	100.0%	29	0	VTEB