NI
Numeric Investors LLC — Quarterly 13F Portfolio Report
Numeric Investors LLCCIK: 0001365324
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$13.7B
Reporting period: 2017-12-31 · Number of holdings: 1047
Numeric Investors LLC disclosed 1047 holdings in its latest 13F filing for the period ending 2017-12-31, with total reported value of $13.7B and a quarterly turnover rate of 55.1%.
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Personality snowflake
- Concentration
- 2.79
- Portfolio Stability
- 55.1
- Momentum/Contrarian
- 100
- Sector conviction
- 49.66
- Diversification
- 100
- Sizing Uniformity
- 74.86
Numeric Investors LLC's disclosed holdings carry a Herfindahl concentration index of 0.007 — mathematically equivalent to about 143 equally-sized positions, well below its 1047 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 2.51), 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 35% 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.
Recent moves
Add WBA
+346.8% $166.2M
Add MDT
+294.4% $156.2M
Add GS
+178.3% $150.0M
Trim JNP
-90.1% -$114.7M
Trim AAPL
-59.7% -$111.9M
Trim ORCL
-73.4% -$109.8M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Numeric is systematically harvesting the momentum premium, rotating capital away from large-cap tech titans that lost their trend momentum (AAPL, ORCL) and into financial and healthcare names that have stronger relative price strength. With 1,047 positions and a near-zero concentration, this is an Alpha machine running on pure factor exposure, not single-stock conviction.
Macro & Fundamentals
The portfolio's cash flows are pricing a continued cyclical recovery where financials like GS capture yield curve steepening and healthcare suppliers ride utilization trends, effectively betting that the post-tax-cut expansion is mid-cycle, not late-stage. The opposing thesis: these sectors are already priced for perfection while tech's moats are being unduly discounted, leaving the fund exposed to a growth scare that would collapse value/cyclical bets.
Blind Spots / Risks
The 100th-percentile momentum score, combined with a 0.0069 HHI and 1,047 holdings, creates a high-speed factor arbitrage that is vulnerable to a liquidity tail event: in a sharp reversal, the fund's systematic selling of losers and buying of winners will cascade into a self-reinforcing squeeze. The extreme diversification does not diversify away factor crowding risk; it amplifies it by forcing all names to correlate through the momentum factor itself.
Generated by AI based on public SEC filings. Reflects past holdings only and should not be treated as investment advice.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 1047 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.24% | -0.38% | -12.59% | |
| 2 | C | Citigroup INC | Stock-Financials | 2.01% | — | -9.12% | |
| 3 | AMP | Ameriprise Financial INC | Stock-Financials | 1.87% | +0.61% | +37.00% | |
| 4 | MS | Morgan Stanley | Stock-Financials | 1.86% | — | -10.36% | |
| 5 | ALL | Allstate CORP | Stock-Financials | 1.71% | — | -19.98% | |
| 6 | TSN | Tyson Foods Inc-cl A | Stock-Consumer Staples | 1.65% | — | -5.42% | |
| 7 | GS | Goldman Sachs Group INC | Stock-Financials | 1.64% | +1.06% | +178.28% | |
| 8 | BA | Boeing Co/the | Stock-Industrials | 1.61% | — | -20.00% | |
| 9 | WBA | Walgreens Boots Alliance INC | Stock-Other | 1.59% | +1.19% | +346.84% | |
| 10 | AXP | American Express Company | Stock-Financials | 1.52% | +0.47% | +30.46% | |
| 11 | ADBE | Adobe INC | Stock-Tech | 1.52% | +0.63% | +53.99% | |
| 12 | MDT | Medtronic plc | Stock-Healthcare | 1.50% | +1.11% | +294.38% | |
| 13 | GILD | Gilead Sciences INC | Stock-Healthcare | 1.34% | -0.38% | -6.73% | |
| 14 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.28% | +0.48% | +57.17% | |
| 15 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 1.28% | -0.39% | -18.88% | |
| 16 | INTU | Intuit INC | Stock-Tech | 1.26% | +0.81% | +166.97% | |
| 17 | STZ | Constellation Brands Inc-a | Stock-Consumer Staples | 1.12% | — | -20.67% | |
| 18 | RCL | Royal Caribbean Cruises Ltd. | Stock-Consumer Disc | 1.04% | — | +19.20% | |
| 19 | AMAT | Applied Materials INC | Stock-Tech | 1.02% | — | -10.95% | |
| 20 | CCL1EUR | Carnival CORP LTD | Stock-Consumer Disc | 1.02% | — | -6.94% | |
| 21 | STT | State Street CORP | Stock-Financials | 1.01% | +0.57% | +137.70% | |
| 22 | LEA | Lear CORP | Stock-Consumer Disc | 1.00% | — | -5.53% | |
| 23 | VZ | Verizon Communications INC | Stock-Comm Services | 1.00% | +0.27% | +34.45% | |
| 24 | PRU | Prudential Financial INC | Stock-Financials | 0.98% | +0.43% | +74.31% | |
| 25 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.88% | — | +3.19% | |
| 26 | COP | Conocophillips | Stock-Energy | 0.85% | +0.50% | +134.62% | |
| 27 | AMGN | Amgen INC | Stock-Healthcare | 0.85% | — | -5.28% | |
| 28 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.82% | — | +21.51% | |
| 29 | ALSN | Allison Transmission Holding | Stock-Consumer Disc | 0.79% | — | +16.58% | |
| 30 | AMXN | America Movil-spn Adr Cl L | Stock-Other | 0.78% | — | +9.05% | |
| 31 | BAX | Baxter International INC | Stock-Healthcare | 0.77% | -0.72% | -47.29% | |
| 32 | CFG | Citizens Financial Group | Stock-Financials | 0.76% | — | +27.21% | |
| 33 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.74% | — | +36.78% | |
| 34 | MSFT | Microsoft CORP | Stock-Tech | 0.73% | +0.47% | +153.49% | |
| 35 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.69% | -0.40% | -35.79% | |
| 36 | ABBV | Abbvie INC | Stock-Healthcare | 0.66% | +0.35% | +103.49% | |
| 37 | AAPL | Apple INC | Stock-Tech | 0.65% | -0.89% | -59.69% | |
| 38 | MU | Micron Technology INC | Stock-Tech | 0.61% | +0.38% | +170.02% | |
| 39 | CAG | Conagra Brands INC | Stock-Consumer Staples | 0.59% | — | -7.52% | |
| 40 | CI | The Cigna Group | Stock-Healthcare | 0.58% | -0.32% | -37.18% | |
| 41 | S9Q | Spirit Aerosystems Hold-cl A | Stock-Other | 0.52% | +0.41% | +360.87% | |
| 42 | YYEUR | Yy Inc-adr | Stock-Other | 0.52% | — | -7.67% | |
| 43 | BSBR | Banco Santander Brasil-ads | Stock-Other | 0.50% | — | +10.88% | |
| 44 | SF9 | Sanderson Farms INC | Stock-Other | 0.50% | — | +2.33% | |
| 45 | ESNT | Essent Group Ltd. | Stock-Financials | 0.50% | +0.38% | +321.24% | |
| 46 | CNP | Centerpoint Energy INC | Stock-Utilities | 0.49% | -0.29% | -31.55% | |
| 47 | AGO | Assured Guaranty Ltd. | Stock-Financials | 0.48% | — | -9.06% | |
| 48 | SJM | Jm Smucker Co/the | Stock-Consumer Staples | 0.48% | +0.45% | +1348.91% | |
| 49 | MAN | Manpowergroup INC | Stock-Industrials | 0.47% | — | -6.45% | |
| 50 | VLO | Valero Energy CORP | Stock-Energy | 0.46% | — | +19.15% |
1–50 of 200
Portfolio Performance
Not enough priced holdings yet to compute performance
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2017-12-31 | 1047 | $13.7B | 55 | |
| 2017-09-30 | 1052 | $13.0B | 56 | |
| 2017-06-30 | 1000 | $11.3B | 69 | |
| 2017-03-31 | 991 | $11.0B | 57 | |
| 2016-12-31 | 1012 | $10.9B | 63 | |
| 2016-09-30 | 1031 | $10.6B | 65 | |
| 2016-06-30 | 995 | $11.2B | 72 | |
| 2016-03-31 | 951 | $9.5B | 69 | |
| 2015-12-31 | 956 | $9.3B | 66 | |
| 2015-09-30 | 964 | $8.6B | 61 | |
| 2015-06-30 | 912 | $8.7B | 64 | |
| 2015-03-31 | 869 | $8.1B | 60 | |
| 2014-12-31 | 822 | $7.7B | 65 | |
| 2014-09-30 | 795 | $6.8B | 57 | |
| 2014-06-30 | 753 | $6.7B | 68 | |
| 2014-03-31 | 762 | $5.9B | 66 | |
| 2013-12-31 | 758 | $6.0B | 60 | |
| 2013-09-30 | 733 | $5.4B | 70 | |
| 2013-06-30 | 758 | $5.0B | 0 |
Holding changes this quarter
Numeric Investors LLC's most significant position changes for 2017-12-31: Sold out: Citrix Systems INC (CTXSEUR); Sold out: Whiting Petroleum Corp.; New buy: Whiting Petroleum CORP (WLLEUR); Sold out: Baidu INC - Spon Adr (BIDU); Sold out: Altria Group INC (MO).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | WBA | Walgreens Boots Alliance INC | +1.2% | +346.84% | Add |
| 2 | MDT | Medtronic plc | +1.1% | +294.38% | Add |
| 3 | GS | Goldman Sachs Group INC | +1.1% | +178.28% | Add |
| 4 | INTU | Intuit INC | +0.8% | +166.97% | Add |
| 5 | ADBE | Adobe INC | +0.6% | +53.99% | Add |
| 6 | AMP | Ameriprise Financial INC | +0.6% | +37.00% | Add |
| 7 | STT | State Street CORP | +0.6% | +137.70% | Add |
| 8 | COP | Conocophillips | +0.5% | +134.62% | Add |
| 9 | GOOGL | Alphabet Inc-cl A | +0.5% | +57.17% | Add |
| 10 | AXP | American Express Company | +0.5% | +30.46% | Add |
| 11 | MSFT | Microsoft CORP | +0.5% | +153.49% | Add |
| 12 | SJM | Jm Smucker Co/the | +0.5% | +1348.91% | Add |
| 13 | PRU | Prudential Financial INC | +0.4% | +74.31% | Add |
| 14 | S9Q | Spirit Aerosystems Hold-cl A | +0.4% | +360.87% | Add |
| 15 | AA | Alcoa CORP | +0.4% | +9953.85% | Add |
| 16 | MU | Micron Technology INC | +0.4% | +170.02% | Add |
| 17 | ESNT | Essent Group Ltd. | +0.4% | +321.24% | Add |
| 18 | ABBV | Abbvie INC | +0.4% | +103.49% | Add |
| 19 | TOL | Toll Brothers INC | +0.3% | +1553.26% | Add |
| 20 | CMI | Cummins INC | +0.3% | +375.97% | Add |
| 21 | VZ | Verizon Communications INC | +0.3% | +34.45% | Add |
| 22 | EME | Emcor Group INC | +0.3% | +2201.03% | Add |
| 23 | ✓ | Leucadia Natl CORP | +0.2% | +3344.12% | Add |
| 24 | ITUB | Itau Unibanco H-spon Prf Adr | -0.3% | -93.53% | Trim |
| 25 | MCK | Mckesson CORP | -0.3% | -75.77% | Trim |
| 26 | CNP | Centerpoint Energy INC | -0.3% | -31.55% | Trim |
| 27 | CI | The Cigna Group | -0.3% | -37.18% | Trim |
| 28 | CNC | Centene CORP | -0.4% | -50.21% | Trim |
| 29 | VOYA | Voya Financial INC | -0.4% | -96.71% | Trim |
| 30 | BG | Bunge Global SA | -0.4% | -88.52% | Trim |
| 31 | GILD | Gilead Sciences INC | -0.4% | -6.73% | Trim |
| 32 | META | Meta Platforms Inc-class A | -0.4% | -12.59% | Trim |
| 33 | CDNS | Cadence Design Sys INC | -0.4% | -93.94% | Trim |
| 34 | BABA | Alibaba Group Holding-sp Adr | -0.4% | -18.88% | Trim |
| 35 | AIG | American International Group | -0.4% | -73.69% | Trim |
| 36 | CMCSA | Comcast Corp-class A | -0.4% | -35.79% | Trim |
| 37 | ✓ | Xl Group LTD Com | -0.5% | -55.24% | Trim |
| 38 | HUM | Humana INC | -0.5% | -90.48% | Trim |
| 39 | COF | Capital One Financial CORP | -0.5% | -71.26% | Trim |
| 40 | BAX | Baxter International INC | -0.7% | -47.29% | Trim |
| 41 | ORCL | Oracle CORP | -0.9% | -73.37% | Trim |
| 42 | JNP | Juniper Networks INC | -0.9% | -90.15% | Trim |
| 43 | AAPL | Apple INC | -0.9% | -59.69% | Trim |
| 44 | CTXSEUR | Citrix Systems INC | — | EXIT | Sold out |
| 45 | ✓ | Whiting Petroleum Corp. | — | EXIT | Sold out |
| 46 | WLLEUR | Whiting Petroleum CORP | — | NEW | New buy |
| 47 | BIDU | Baidu INC - Spon Adr | — | EXIT | Sold out |
| 48 | MO | Altria Group INC | — | EXIT | Sold out |
| 49 | EFA | Ishares Msci Eafe ETF | — | EXIT | Sold out |
| 50 | TCO | Taubman Centers INC | — | EXIT | Sold out |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-22 | Amendment | View on EDGAR |
| 2016-12-31 | 2017-02-13 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2017-02-27 | Amendment | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-16 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-06 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-01 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-12 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-31 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-08 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-06 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-06 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-11 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-06 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-05 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-06 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-07-31 | 13F-HR | View on EDGAR |
FAQ
What is Numeric Investors LLC and what type of investor is it?
Numeric Investors LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2017-12-31), the firm manages a tracked equity portfolio valued at approximately $13.7B, spread across 1047 disclosed positions.
What are Numeric Investors LLC's largest equity positions?
Based on the latest 13F filing, Numeric Investors LLC's top holdings by market value are:
1. Meta Platforms Inc-class A (META) — $308.2M (2.2%)
2. Citigroup INC (C) — $276.4M (2.0%)
3. Ameriprise Financial INC (AMP) — $256.4M (1.9%)
4. Morgan Stanley (MS) — $255.9M (1.9%)
5. Allstate CORP (ALL) — $234.6M (1.7%)
What changes did Numeric Investors LLC make in its most recent portfolio filing?
In the latest reported quarter, Numeric Investors LLC made 50 notable position adjustments: 1 new positions were initiated, 23 existing holdings were added to, 20 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Citrix Systems INC (CTXSEUR); Sold out: Whiting Petroleum Corp.; New buy: Whiting Petroleum CORP (WLLEUR); Sold out: Baidu INC - Spon Adr (BIDU); Sold out: Altria Group INC (MO)
What sectors does Numeric Investors LLC focus on?
Numeric Investors LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 21.7%
• Financials: 21.6%
• Communication Services: 19.1%
• Health Care: 14.9%
• Consumer Discretionary: 8.0%
• Industrials: 5.8%
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