W&
Waddell & Associates, LLC 13F Holdings & Position Changes (Q2 2026)
Waddell & Associates, LLCCIK: 0001776757
Diversified strategySector-focusedLong-term holder
Total reported value
$2.0B
Reporting period: 2026-06-30 · Number of holdings: 545
WADDELL & ASSOCIATES, LLC disclosed 545 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $2.0B and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 27.5
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 39.67
Waddell & Associates, LLC's disclosed holdings carry a Herfindahl concentration index of 0.069 — mathematically equivalent to about 15 equally-sized positions, well below its 545 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 6.03), 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 41% 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim FDX
-2.3% -$70.3M
New buy 314352105
Trim GCOW
-0.4% -$6.5M
Trim AUSF
+2.0% $2.5M
Add QQQM
-0.4% $12.9M
Add MU
-6.2% $5.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 545 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | FDX | Fedex CORP | Stock-Industrials | 21.23% | -6.94% | -2.26% | |
| 2 | PAVE | Global X US Infrastructure | ETF-Other | 5.73% | +0.09% | -0.22% | |
| 3 | FNDA | Schwab Fndmntl US Sm Co ETF | ETF-Other | 5.45% | +0.17% | +0.32% | |
| 4 | MDY | State Street Spdr S&p Midcap | ETF-Other | 5.38% | +0.04% | +0.73% | |
| 5 | ✓ | Stock-Other | 5.12% | +5.12% | NEW | ||
| 6 | DGRW | Wisdomtree U.s. Quality Divi | ETF-Other | 4.91% | -0.18% | +1.08% | |
| 7 | GCOW | Pacer Global Cash Cows Divid | ETF-Other | 4.41% | -0.99% | -0.43% | |
| 8 | AUSF | Global X Adaptive US Factor | ETF-Other | 4.15% | -0.45% | +2.00% | |
| 9 | SCHK | Schwab 1000 Index ETF | ETF-Large Cap & Growth | 3.83% | +0.05% | +0.17% | |
| 10 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 3.13% | -0.18% | +1.10% | |
| 11 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 3.01% | +0.31% | -0.43% | |
| 12 | AVEM | Avantis Emerging Markets Eq | ETF-Emerging Markets | 2.71% | +0.12% | -0.45% | |
| 13 | QQQE | Dirx Nasdaq-100eq Wi Etf-usd | ETF-Tech | 2.59% | +0.21% | +0.12% | |
| 14 | AGEM | Abrdn Emerging Mar Div A ETF | ETF-Emerging Markets | 2.31% | +0.17% | +1.09% | |
| 15 | AAPL | Apple Inc | Stock-Tech | 1.02% | +0.08% | +8.97% | |
| 16 | NVDA | Nvidia CORP | Stock-Tech | 0.78% | +0.12% | +16.38% | |
| 17 | CAPE | Doubleline Shiller Cape US | ETF-Other | 0.53% | -0.05% | -1.58% | |
| 18 | MSFT | Microsoft CORP | Stock-Tech | 0.53% | -0.05% | +2.03% | |
| 19 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.51% | -0.01% | -1.71% | |
| 20 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.44% | +0.07% | +8.48% | |
| 21 | VLUE | Ishares Msci USA Value Facto | ETF-Other | 0.41% | +0.07% | -2.59% | |
| 22 | MU | Micron Technology Inc | Stock-Tech | 0.41% | +0.27% | -6.21% | |
| 23 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.40% | — | +9.82% | |
| 24 | DBND | Doubleline Oppor Cor Bnd-usd | ETF-Other | 0.38% | -0.04% | +3.97% | |
| 25 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.32% | +0.04% | -0.35% | |
| 26 | CGV | Conductor Global Eq Val ETF | ETF-Other | 0.31% | -0.04% | +0.55% | |
| 27 | WMT | Walmart Inc | Stock-Consumer Staples | 0.29% | -0.09% | -4.25% | |
| 28 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.29% | +0.06% | +15.80% | |
| 29 | PSLV | Sprott Physical Silver Trust | Stock-Other | 0.27% | -0.13% | -0.61% | |
| 30 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.25% | +0.02% | +12.27% | |
| 31 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.25% | +0.06% | +30.76% | |
| 32 | VTV | Vanguard Value ETF | ETF-Other | 0.24% | -0.01% | -0.33% | |
| 33 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.23% | -0.02% | -1.50% | |
| 34 | INTC | Intel CORP | Stock-Tech | 0.21% | +0.12% | -17.96% | |
| 35 | AVGO | Broadcom Inc | Stock-Tech | 0.21% | +0.04% | +14.52% | |
| 36 | EWX | State Street Spdr S&p Emergi | ETF-Other | 0.19% | -0.01% | -2.99% | |
| 37 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.19% | — | -1.25% | |
| 38 | VXUS | Vanguard Total Intl Stock | ETF-Other | 0.18% | -0.01% | -1.10% | |
| 39 | ACWI | Ishares Msci Acwi ETF | ETF-Other | 0.18% | -0.02% | -8.71% | |
| 40 | RCAT | Red Cat Holdings Inc | Stock-Other | 0.18% | +0.05% | +86.71% | |
| 41 | WDC | Western Digital CORP | Stock-Tech | 0.17% | +0.09% | +3.48% | |
| 42 | GEV | GE Vernova Inc | Stock-Industrials | 0.17% | +0.04% | +12.78% | |
| 43 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.17% | +0.03% | +37.66% | |
| 44 | XOM | Exxon Mobil CORP | Stock-Energy | 0.17% | -0.04% | +10.83% | |
| 45 | IYW | Ishares Ustechnology ETF | ETF-Tech | 0.17% | +0.03% | — | |
| 46 | FIX | Comfort Systems USA Inc | Stock-Industrials | 0.16% | +0.03% | +1.95% | |
| 47 | AMAT | Applied Materials Inc | Stock-Tech | 0.14% | +0.07% | +13.62% | |
| 48 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.14% | -0.01% | -0.35% | |
| 49 | COHR | Coherent CORP | Stock-Tech | 0.14% | +0.04% | -1.84% | |
| 50 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.14% | — | +2.03% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+1.7%
Performance Last 4 Quarters
+24.5%
- Stdev
- +12.6%
- Beta
- +0.9
- Alpha
- +0.2%
- Max Drawdown
- -7.4%
- Annualized Perf
- +18.9%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.89
- Stutzer
- +0.42
- Treynor
- +0.2
- Sterling
- +1.19
- Calmar
- +2.57
- Information Ratio
- -0.36
- Tracking Error
- +5%
- Stdev Down
- +6.3%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +37.5%
- Worst 12 Months
- +4%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.45
- Stdev Sectors
- +16%
- Skewness
- -0.06
- Kurtosis
- -0.23
- Upside Potential
- +4.55
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 545 | $2.0B | 0 | ||
| 2026 Q1 | 451 | $1.8B | 34 | ||
| 2025 Q4 | 379 | $1.5B | 26 | ||
| 2025 Q3 | 325 | $1.2B | 48 | ||
| 2025 Q2 | 243 | $936.8M | 0 | ||
| 2025 Q1 | 159 | $823.6M | 54 | ||
| 2024 Q4 | 154 | $981.0M | 100 | ||
| 2024 Q3 | 150 | $822.1M | 0 | ||
| 2024 Q2 | 138 | $760.0M | 0 | ||
| 2024 Q1 | 140 | $739.8M | 0 | ||
| 2023 Q4 | 147 | $743.5M | 0 | ||
| 2023 Q3 | 172 | $683.6M | 0 | ||
| 2023 Q2 | 168 | $681.1M | 0 | ||
| 2023 Q1 | 156 | $639.7M | 0 | ||
| 2022 Q4 | 143 | $597.2M | 0 | ||
| 2022 Q3 | 140 | $516.7M | 0 | ||
| 2022 Q2 | 142 | $491.0M | 0 | ||
| 2022 Q1 | 130 | $623.0M | 0 | ||
| 2021 Q4 | 117 | $630.7M | 0 | ||
| 2021 Q3 | 109 | $587.3M | 0 | ||
| 2021 Q2 | 116 | $658.6M | 100 | ||
| 2021 Q1 | 22 | $487.3M | 20 | ||
| 2020 Q4 | 22 | $437.1M | 40 | ||
| 2020 Q3 | 33 | $368.8M | 31 | ||
| 2020 Q2 | 24 | $335.7M | 70 | ||
| 2020 Q1 | 26 | $251.4M | 100 | ||
| 2019 Q4 | 19 | $335.2M | 23 | ||
| 2019 Q3 | 17 | $319.3M | 22 | ||
| 2019 Q2 | 17 | $330.2M | 5 | ||
| 2019 Q1 | 14 | $314.8M | 37 | ||
| 2018 Q4 | 14 | $215.8M | — |
Holding changes this quarter
Waddell & Associates, LLC's most significant position changes for 2026-06-30: New buy: ; New buy: Wisdomtree Global High Divid (DEW); New buy: Advanced Micro Devices (AMD); New buy: Rubrik Inc-a (RBRK); Sold out: Honeywell International Inc (HON).
Showing top 200 changes by size (of 588 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +5.1% | NEW | New buy | |
| 2 | QQQM | Invesco Nasdaq 100 ETF | +0.3% | -0.43% | Trim |
| 3 | MU | Micron Technology Inc | +0.3% | -6.21% | Trim |
| 4 | QQQE | Dirx Nasdaq-100eq Wi Etf-usd | +0.2% | +0.12% | Add |
| 5 | FNDA | Schwab Fndmntl US Sm Co ETF | +0.2% | +0.32% | Add |
| 6 | AGEM | Abrdn Emerging Mar Div A ETF | +0.2% | +1.09% | Add |
| 7 | AVEM | Avantis Emerging Markets Eq | +0.1% | -0.45% | Trim |
| 8 | NVDA | Nvidia CORP | +0.1% | +16.38% | Add |
| 9 | INTC | Intel CORP | +0.1% | -17.96% | Trim |
| 10 | PAVE | Global X US Infrastructure | +0.1% | -0.22% | Trim |
| 11 | WDC | Western Digital CORP | +0.1% | +3.48% | Add |
| 12 | AAPL | Apple Inc | +0.1% | +8.97% | Add |
| 13 | VLUE | Ishares Msci USA Value Facto | +0.1% | -2.59% | Trim |
| 14 | GOOG | Alphabet Inc-cl C | +0.1% | +8.48% | Add |
| 15 | AMAT | Applied Materials Inc | +0.1% | +13.62% | Add |
| 16 | DEW | Wisdomtree Global High Divid | +0.1% | NEW | New buy |
| 17 | GOOGL | Alphabet Inc-cl A | +0.1% | +15.80% | Add |
| 18 | AMZN | Amazon.com Inc | +0.1% | +30.76% | Add |
| 19 | SNDK | Sandisk CORP | +0.1% | -24.98% | Trim |
| 20 | SCHK | Schwab 1000 Index ETF | +0.1% | +0.17% | Add |
| 21 | RCAT | Red Cat Holdings Inc | +0.1% | +86.71% | Add |
| 22 | AMD | Advanced Micro Devices | +0.1% | NEW | New buy |
| 23 | WTAI | Wisdomtree Ai And Innovation | +0.1% | +1.65% | Add |
| 24 | LRCX | Lam Research CORP | +0.1% | +25.52% | Add |
| 25 | CNC | Centene CORP | +0.1% | -9.43% | Trim |
| 26 | RBRK | Rubrik Inc-a | +0.1% | NEW | New buy |
| 27 | UNH | Unitedhealth Group Inc | +0.1% | +60.34% | Add |
| 28 | CRS | Carpenter Technology | +0.1% | +104.80% | Add |
| 29 | MDY | State Street Spdr S&p Midcap | 0% | +0.73% | Add |
| 30 | LLY | Eli Lilly & Co | 0% | -0.35% | Trim |
| 31 | AVGO | Broadcom Inc | 0% | +14.52% | Add |
| 32 | GEV | GE Vernova Inc | 0% | +12.78% | Add |
| 33 | COHR | Coherent CORP | 0% | -1.84% | Trim |
| 34 | CAT | Caterpillar Inc | 0% | +74.86% | Add |
| 35 | ARTY | Ishares Future Ai & Tech ETF | 0% | +1.71% | Add |
| 36 | AON | Aon plc | 0% | +157.14% | Add |
| 37 | DELL | Dell Technologies -c | 0% | +20.12% | Add |
| 38 | SNPS | Synopsys Inc | 0% | NEW | New buy |
| 39 | ✓ | Carnival CORP LTD F | 0% | NEW | New buy |
| 40 | STX | Seagate Technology Holdings plc | 0% | NEW | New buy |
| 41 | WCN | Waste Connections Inc | 0% | NEW | New buy |
| 42 | FIX | Comfort Systems USA Inc | 0% | +1.95% | Add |
| 43 | IYW | Ishares Ustechnology ETF | 0% | — | Unchanged |
| 44 | META | Meta Platforms Inc-class A | 0% | +37.66% | Add |
| 45 | TER | Teradyne Inc | 0% | +3.20% | Add |
| 46 | CMI | Cummins Inc | 0% | +16.80% | Add |
| 47 | COF | Capital One Financial CORP | 0% | +97.61% | Add |
| 48 | HPE | Hewlett Packard Enterprise | 0% | NEW | New buy |
| 49 | ES | Eversource Energy | 0% | +95.19% | Add |
| 50 | DTE | Dte Energy Company | 0% | NEW | New buy |
1–50 of 200
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is Waddell & Associates, LLC and what type of investor is it?
Waddell & Associates, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $2.0B, spread across 545 disclosed positions.
What are Waddell & Associates, LLC's largest equity positions?
Based on the latest 13F filing, Waddell & Associates, LLC's top holdings by market value are:
1. Fedex CORP (FDX) — $429.1M (21.2%)
2. Global X US Infrastructure (PAVE) — $115.7M (5.7%)
3. Schwab Fndmntl US Sm Co ETF (FNDA) — $110.2M (5.5%)
4. State Street Spdr S&p Midcap (MDY) — $108.8M (5.4%)
5. — $103.5M (5.1%)
What changes did Waddell & Associates, LLC make in its most recent portfolio filing?
In the latest reported quarter, Waddell & Associates, LLC made 198 notable position adjustments: 57 new positions were initiated, 76 existing holdings were added to, 46 positions were partially reduced, and 19 were completely exited. The largest of these moves: New buy: ; New buy: Wisdomtree Global High Divid (DEW); New buy: Advanced Micro Devices (AMD); New buy: Rubrik Inc-a (RBRK); Sold out: Honeywell International Inc (HON)
What sectors does Waddell & Associates, LLC focus on?
Waddell & Associates, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 58.4%
• Information Technology: 14.7%
• Financials: 5.9%
• Health Care: 5.1%
• Consumer Discretionary: 4.7%
• Communication Services: 3.0%
Investment Profile
Waddell & Associates, LLC returned an annualized 18.9% over the trailing 36 months — outperforming the S&P 500 by 0.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.90 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 58.4% of the portfolio concentrated in Industrials.
It has added to its PAVE position over the past two quarters (+$24.1M, now $115.7M), while trimming PSLV over the same stretch (-$2.5M, still holding $5.4M).
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Developer Access
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