CIK: 0001325091
Total reported value
$23.5B
Reporting period: 2021-09-30 · Number of holdings: 2204
Marshall Wace North America L.P. disclosed 2204 holdings in its latest 13F filing for the period ending 2021-09-30, with total reported value of $23.5B and a quarterly turnover rate of 0.0%.
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Marshall Wace North America L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.009 — mathematically equivalent to about 110 equally-sized positions, well below its 2204 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.41), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 48% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add UBER
+3061.4% $237.4M
Trim DHR
-71.6% -$236.8M
New buy CSCO
Add NFLX
+117.0% $187.4M
Add PFE
+821.6% $183.7M
Trim META
-20.1% -$174.7M
Marshall Wace is executing a broad-based capital rotation, dumping concentrated consumer tech exposure while aggressively accumulating digital infrastructure and defensive pharma. The firm prioritizes network connectivity and structural growth over discretionary spending, deploying systematic positioning across 1,384 names with UBER, NFLX, CSCO, PFE, and LW leading active accumulation.
The portfolio embeds a secular inflation/tech-infrastructure regime bet: heavy overweights in Communication Services (25.5%) and Information Technology (24.8%) fuel growth anchored by connectivity and cloud ecosystems, while trimming META neutralizes pure consumer discretionary risk. The opposing thesis argues that prolonged rate sensitivity will compress valuations across tech-heavy baskets, forcing a reversal into undervalued cyclicals and energy producers.
Turnover at zero anchors the current positioning to prior quarter fills, meaning active rebalancing signals reflect price-driven weight drift rather than fresh directional conviction. Meanwhile, 47.7% unmapped exposure across 1,384 holdings dilutes factor clarity, allowing systematic noise to masquerade as signal in secondary positions and muting the portfolio's net equity risk profile.
This narrative is produced by AI from publicly available filings and describes past activity only — it is informational, not investment advice.
Showing top 200 holdings (of 2204 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com INC | Stock-Consumer Disc | 4.48% | — | +4.20% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 2.96% | +0.49% | +14.26% | |
| 3 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.85% | — | -5.30% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.70% | — | -0.17% | |
| 5 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.64% | -0.72% | -20.08% | |
| 6 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 2.35% | — | -4.91% | |
| 7 | AAPL | Apple INC | Stock-Tech | 1.81% | — | -13.57% | |
| 8 | ZTS | Zoetis INC | Stock-Healthcare | 1.33% | -0.33% | -23.37% | |
| 9 | NFLX | Netflix INC | Stock-Comm Services | 1.33% | +0.80% | +116.97% | |
| 10 | UBER | Uber Technologies INC | Stock-Industrials | 1.05% | +1.01% | +3061.41% | |
| 11 | BSX | Boston Scientific CORP | Stock-Healthcare | 1.01% | — | -7.06% | |
| 12 | ADBE | Adobe INC | Stock-Tech | 0.98% | — | +34.71% | |
| 13 | EXPE | Expedia Group INC | Stock-Consumer Disc | 0.93% | +0.31% | +49.52% | |
| 14 | STE | STERIS plc | Stock-Healthcare | 0.91% | — | +15.55% | |
| 15 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.91% | -0.41% | -29.94% | |
| 16 | IFF | Intl Flavors & Fragrances | Stock-Materials | 0.89% | +0.32% | +73.42% | |
| 17 | ACN | Accenture plc | Stock-Tech | 0.89% | — | +19.12% | |
| 18 | CSCO | Cisco Systems INC | Stock-Tech | 0.88% | +0.88% | NEW | |
| 19 | PFE | Pfizer INC | Stock-Healthcare | 0.87% | +0.78% | +821.65% | |
| 20 | PODD | Insulet CORP | Stock-Healthcare | 0.85% | — | +36.60% | |
| 21 | AVGO | Broadcom INC | Stock-Tech | 0.84% | +0.61% | +255.69% | |
| 22 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.83% | — | -8.25% | |
| 23 | SPGI | S&p Global INC | Stock-Financials | 0.82% | +0.63% | +311.82% | |
| 24 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.76% | — | +39.81% | |
| 25 | LIN | Linde plc | Stock-Materials | 0.73% | — | -5.57% | |
| 26 | V | Visa Inc-class A Shares | Stock-Financials | 0.71% | — | +28.18% | |
| 27 | GPN | Global Payments INC | Stock-Industrials | 0.70% | — | +70.48% | |
| 28 | LW | Lamb Weston Holdings INC | Stock-Consumer Staples | 0.69% | +0.65% | +2461.11% | |
| 29 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.68% | +0.64% | +1730.52% | |
| 30 | TMUS | T-mobile US INC | Stock-Comm Services | 0.64% | — | -7.27% | |
| 31 | T | At&t INC | Stock-Comm Services | 0.64% | — | -4.76% | |
| 32 | SGENUSD | Seagen INC | Stock-Other | 0.63% | — | +29.30% | |
| 33 | PYPL | Paypal Holdings INC | Stock-Financials | 0.63% | — | -2.40% | |
| 34 | MET | Metlife INC | Stock-Financials | 0.62% | +0.47% | +306.05% | |
| 35 | DAR | Darling Ingredients INC | Stock-Consumer Staples | 0.58% | — | +18.46% | |
| 36 | MA | Mastercard INC - A | Stock-Financials | 0.57% | — | +20.03% | |
| 37 | PLANUSD | Anaplan INC | Stock-Other | 0.56% | — | +20.15% | |
| 38 | S9Q | Spirit Aerosystems Hold-cl A | Stock-Other | 0.52% | — | +17.38% | |
| 39 | OVV | Ovintiv INC | Stock-Energy | 0.50% | — | -8.68% | |
| 40 | REGN | Regeneron Pharmaceuticals | Stock-Healthcare | 0.49% | +0.35% | +221.46% | |
| 41 | DHR | Danaher CORP | Stock-Healthcare | 0.48% | -1.00% | -71.58% | |
| 42 | 8IN | Syneos Health INC | Stock-Other | 0.46% | — | +30.71% | |
| 43 | ADI | Analog Devices INC | Stock-Tech | 0.45% | +0.35% | +343.29% | |
| 44 | TFX | Teleflex INC | Stock-Healthcare | 0.43% | — | -18.06% | |
| 45 | QCOM | Qualcomm INC | Stock-Tech | 0.43% | — | +0.41% | |
| 46 | AZNN | Astrazeneca Plc-spons Adr | Stock-Other | 0.43% | — | +10.01% | |
| 47 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.39% | +0.32% | +427.55% | |
| 48 | FTNT | Fortinet INC | Stock-Tech | 0.39% | +0.39% | NEW | |
| 49 | CLH | Clean Harbors INC | Stock-Industrials | 0.38% | — | +0.55% | |
| 50 | NVDA | Nvidia CORP | Stock-Tech | 0.38% | +0.38% | +37464.38% |
Not enough priced holdings yet to compute performance
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2021-09-30 | 2204 | $23.5B | 0 | |
| 2021-06-30 | 2055 | $23.6B | 100 | |
| 2021-03-31 | 2360 | $24.0B | 0 | |
| 2020-12-31 | 2131 | $21.9B | 84 | |
| 2020-09-30 | 1911 | $15.6B | 69 | |
| 2020-06-30 | 1886 | $15.1B | 81 | |
| 2020-03-31 | 1900 | $13.2B | 96 | |
| 2019-12-31 | 1907 | $20.7B | 59 | |
| 2019-09-30 | 1951 | $17.6B | 62 | |
| 2019-06-30 | 1713 | $16.1B | 73 | |
| 2019-03-31 | 2147 | $14.1B | 79 | |
| 2018-12-31 | 2051 | $10.3B | 78 | |
| 2018-09-30 | 1255 | $14.6B | 80 | |
| 2018-06-30 | 1851 | $17.7B | 76 | |
| 2018-03-31 | 1963 | $20.0B | 89 | |
| 2017-12-31 | 1890 | $18.1B | 91 | |
| 2017-09-30 | 1798 | $15.8B | 89 | |
| 2017-06-30 | 1727 | $13.7B | 87 | |
| 2017-03-31 | 1323 | $12.7B | 100 | |
| 2013-12-31 | 783 | $4.7B | 100 | |
| 2013-09-30 | 682 | $3.3B | 100 | |
| 2013-06-30 | 422 | $1.3B | 0 |
Marshall Wace North America L.P.'s most significant position changes for 2021-09-30: New buy: Cisco Systems INC (CSCO); Sold out: Ss Spdr S&p Biotech ETF (XBI); New buy: Fortinet INC (FTNT); Sold out: Cimarex Energy Co (XECEUR); New buy: Transdigm Group INC (TDG).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | UBER | Uber Technologies INC | +1% | +3061.41% | Add |
| 2 | CSCO | Cisco Systems INC | +0.9% | NEW | New buy |
| 3 | NFLX | Netflix INC | +0.8% | +116.97% | Add |
| 4 | PFE | Pfizer INC | +0.8% | +821.65% | Add |
| 5 | LW | Lamb Weston Holdings INC | +0.7% | +2461.11% | Add |
| 6 | CMCSA | Comcast Corp-class A | +0.6% | +1730.52% | Add |
| 7 | SPGI | S&p Global INC | +0.6% | +311.82% | Add |
| 8 | AVGO | Broadcom INC | +0.6% | +255.69% | Add |
| 9 | MSFT | Microsoft CORP | +0.5% | +14.26% | Add |
| 10 | MET | Metlife INC | +0.5% | +306.05% | Add |
| 11 | FTNT | Fortinet INC | +0.4% | NEW | New buy |
| 12 | NVDA | Nvidia CORP | +0.4% | +37464.38% | Add |
| 13 | REGN | Regeneron Pharmaceuticals | +0.4% | +221.46% | Add |
| 14 | ADI | Analog Devices INC | +0.4% | +343.29% | Add |
| 15 | PXDEUR | Pioneer Natural Resources Co | +0.3% | +702.51% | Add |
| 16 | LLY | Eli Lilly & Co | +0.3% | +427.55% | Add |
| 17 | IFF | Intl Flavors & Fragrances | +0.3% | +73.42% | Add |
| 18 | EXPE | Expedia Group INC | +0.3% | +49.52% | Add |
| 19 | TDG | Transdigm Group INC | +0.3% | NEW | New buy |
| 20 | ISRG | Intuitive Surgical INC | +0.3% | +571.90% | Add |
| 21 | GS | Goldman Sachs Group INC | +0.3% | +313.34% | Add |
| 22 | NKE | Nike INC -cl B | +0.3% | +801.85% | Add |
| 23 | AVTR | Avantor INC | -0.3% | -97.45% | Trim |
| 24 | FTCHQ | Farfetch Ltd-class A | -0.3% | -98.19% | Trim |
| 25 | BLDR | Builders Firstsource INC | -0.3% | -69.92% | Trim |
| 26 | GH | Guardant Health INC | -0.3% | -95.69% | Trim |
| 27 | CVX | Chevron CORP | -0.3% | -48.50% | Trim |
| 28 | UPS | United Parcel Service-cl B | -0.3% | EXIT | Sold out |
| 29 | LMT | Lockheed Martin CORP | -0.3% | -77.61% | Trim |
| 30 | ZBH | Zimmer Biomet Holdings INC | -0.3% | -66.05% | Trim |
| 31 | ZTS | Zoetis INC | -0.3% | -23.37% | Trim |
| 32 | 0VVB | Paramount Global-class B | -0.3% | -97.57% | Trim |
| 33 | DASH | Doordash INC - A | -0.4% | -95.09% | Trim |
| 34 | XECEUR | Cimarex Energy Co | -0.4% | EXIT | Sold out |
| 35 | ROST | Ross Stores INC | -0.4% | -85.23% | Trim |
| 36 | XRAY | Dentsply Sirona INC | -0.4% | -52.87% | Trim |
| 37 | IDXX | Idexx Laboratories INC | -0.4% | -98.96% | Trim |
| 38 | XYZ | Block INC | -0.4% | -69.55% | Trim |
| 39 | UNH | Unitedhealth Group INC | -0.4% | -29.94% | Trim |
| 40 | DELL | Dell Technologies -c | -0.4% | -69.83% | Trim |
| 41 | IHS | Ihs Markit LTD | -0.4% | -91.52% | Trim |
| 42 | IBM | Intl Business Machines CORP | -0.5% | -70.52% | Trim |
| 43 | UHS | Universal Health Services-b | -0.5% | -65.78% | Trim |
| 44 | GILD | Gilead Sciences INC | -0.5% | -99.39% | Trim |
| 45 | XBI | Ss Spdr S&p Biotech ETF | -0.6% | EXIT | Sold out |
| 46 | TJX | Tjx Companies INC | -0.6% | -84.51% | Trim |
| 47 | CRM | Salesforce INC | -0.6% | -71.68% | Trim |
| 48 | ELV | Elevance Health INC | -0.7% | -97.01% | Trim |
| 49 | META | Meta Platforms Inc-class A | -0.7% | -20.08% | Trim |
| 50 | DHR | Danaher CORP | -1% | -71.58% | Trim |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-25 | Amendment | View on EDGAR |
| 2021-06-30 | 2021-08-25 | Amendment | View on EDGAR |
| 2021-06-30 | 2021-08-13 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-08-27 | Amendment | View on EDGAR |
| 2021-03-31 | 2021-08-27 | Amendment | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-08-26 | Amendment | View on EDGAR |
| 2020-12-31 | 2021-08-26 | Amendment | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-13 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-29 | Amendment | View on EDGAR |
| 2019-03-31 | 2019-05-14 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-12-06 | Amendment | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-15 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-03-29 | Amendment | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-04 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-12 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-12 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-06 | 13F-HR | View on EDGAR |
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