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Waddell & Reed Financial Inc Historical SEC 13F Holdings & Archive (Q1 2021)
Waddell & Reed Financial IncCIK: 0001052100
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$48.6B
Reporting period: 2021-03-31 · Number of holdings: 477
WADDELL & REED FINANCIAL INC disclosed 477 holdings in its latest 13F filing for the period ending 2021-03-31, with total reported value of $48.6B and a quarterly turnover rate of 22.8%.
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Personality snowflake
- Concentration
- 3.78
- Portfolio Stability
- 22.77
- Momentum
- 100
- Sector conviction
- 66.89
- Diversification
- 100
- Sizing Uniformity
- 81.26
Waddell & Reed Financial Inc's disclosed holdings carry a Herfindahl concentration index of 0.009 — mathematically equivalent to about 106 equally-sized positions, well below its 477 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 1.87), 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 44% 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 AAPL
-4.6% -$232.3M
Trim QCOM
-28.6% -$196.4M
Add GOOGL
+9.7% $225.8M
Trim SRPT
-84.8% -$176.7M
Add IT
+491.4% $151.5M
Trim AMZN
-2.7% -$111.4M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Waddell & Reed is hunting Alpha via a surgical rotation within its tech super-weighting: dumping Apple and Qualcomm while funneling capital into Alphabet and Gartner, betting that cloud and enterprise growth will deliver excess returns over the consumer hardware laggards.
Macro & Fundamentals
The 39.4% IT allocation, alongside selective trims of Apple and Qualcomm, telegraphs a belief that the reflation trade is noise and that tech's franchise value will survive rising yields. The opposing thesis: a sustained shift to value slashes the terminal multiples on this entire growth-heavy book.
Blind Spots / Risks
Despite 477 names for safety, this portfolio is a crowded one-way bet on the growth factor. When yield curves steepen, non-diversifiable factor risk drowns any stock-level protection — 39% in IT means the whole portfolio mirrors a tech index, not a multi-factor strategy.
Sourced and summarized by AI directly from this institution's SEC EDGAR filings, limited to historical activity. Not investment guidance — verify against the primary filing below. View the original 2021-03-31 Form 13F filing on SEC.gov
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 477 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | Stock-Tech | 5.31% | +0.15% | -0.24% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 3.45% | -0.58% | -4.57% | |
| 3 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.80% | -0.31% | -2.69% | |
| 4 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.22% | -0.28% | -15.60% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.06% | +0.42% | +9.71% | |
| 6 | MU | Micron Technology Inc | Stock-Tech | 1.56% | +0.20% | -0.06% | |
| 7 | CERNCHF | Cerner CORP | Stock-Other | 1.50% | — | +9.87% | |
| 8 | OLED | Universal Display CORP | Stock-Tech | 1.21% | — | +1.46% | |
| 9 | ASML | ASML Holding N.V. | Stock-Tech | 1.07% | +0.21% | -0.04% | |
| 10 | EA | Electronic Arts Inc | Stock-Comm Services | 0.98% | — | -1.22% | |
| 11 | AZPNUSD | Aspen Technology Inc | Stock-Other | 0.96% | — | -2.81% | |
| 12 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.95% | — | +2.01% | |
| 13 | V | Visa Inc-class A Shares | Stock-Financials | 0.92% | — | +8.37% | |
| 14 | MCHP | Microchip Technology Inc | Stock-Tech | 0.91% | +0.09% | +1.40% | |
| 15 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.85% | +0.11% | +0.16% | |
| 16 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.83% | — | +1.45% | |
| 17 | PYPL | Paypal Holdings Inc | Stock-Financials | 0.81% | — | -3.84% | |
| 18 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.80% | — | -0.19% | |
| 19 | UNP | Union Pacific CORP | Stock-Industrials | 0.75% | — | -4.15% | |
| 20 | WNSN | Wns Holdings Ltd-adr | Stock-Other | 0.75% | — | -4.47% | |
| 21 | INTU | Intuit Inc | Stock-Tech | 0.73% | — | -13.26% | |
| 22 | ACIW | Aci Worldwide Inc | Stock-Tech | 0.72% | — | -5.92% | |
| 23 | NVDA | Nvidia CORP | Stock-Tech | 0.70% | — | -4.86% | |
| 24 | FIVN | Five9 Inc | Stock-Tech | 0.69% | +0.23% | +71.16% | |
| 25 | FISV | Fiserv Inc | Stock-Other | 0.68% | -0.27% | -29.65% | |
| 26 | CMG | Chipotle Mexican Grill Inc | Stock-Consumer Disc | 0.68% | — | +3.31% | |
| 27 | QCOM | Qualcomm Inc | Stock-Tech | 0.66% | -0.43% | -28.60% | |
| 28 | MPWR | Monolithic Power Systems Inc | Stock-Tech | 0.66% | — | -2.88% | |
| 29 | MA | Mastercard Inc - A | Stock-Financials | 0.65% | +0.13% | +29.85% | |
| 30 | DXCM | Dexcom Inc | Stock-Healthcare | 0.65% | — | +15.48% | |
| 31 | CSGP | Costar Group Inc | Stock-Real Estate | 0.63% | — | +7.57% | |
| 32 | MS | Morgan Stanley | Stock-Financials | 0.62% | — | -22.70% | |
| 33 | VRTX | Vertex Pharmaceuticals Inc | Stock-Healthcare | 0.62% | — | +0.00% | |
| 34 | SWK | Stanley Black & Decker Inc | Stock-Industrials | 0.60% | — | -1.69% | |
| 35 | ZBH | Zimmer Biomet Holdings Inc | Stock-Healthcare | 0.59% | +0.10% | +18.09% | |
| 36 | MKTX | Marketaxess Holdings Inc | Stock-Financials | 0.58% | — | +20.41% | |
| 37 | MSI | Motorola Solutions Inc | Stock-Tech | 0.58% | — | +1.19% | |
| 38 | MRNA | Moderna Inc | Stock-Healthcare | 0.56% | +0.10% | -0.05% | |
| 39 | CRM | Salesforce Inc | Stock-Tech | 0.56% | — | +0.30% | |
| 40 | ADBE | Adobe Inc | Stock-Tech | 0.56% | — | -5.69% | |
| 41 | EEFT | Euronet Worldwide Inc | Stock-Tech | 0.55% | — | -12.11% | |
| 42 | KEYS | Keysight Technologies In | Stock-Tech | 0.54% | — | -3.59% | |
| 43 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.52% | — | -11.96% | |
| 44 | TRU | Transunion | Stock-Financials | 0.51% | +0.10% | +41.00% | |
| 45 | DOCU | Docusign Inc | Stock-Tech | 0.50% | — | +13.85% | |
| 46 | TWLO | Twilio Inc - A | Stock-Tech | 0.49% | -0.18% | -25.12% | |
| 47 | TER | Teradyne Inc | Stock-Tech | 0.48% | — | -1.81% | |
| 48 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 0.47% | — | -0.97% | |
| 49 | ANETEUR | Arista Networks Inc | Stock-Other | 0.42% | +0.11% | +32.39% | |
| 50 | VRSN | Verisign Inc | Stock-Tech | 0.40% | — | +7.08% |
1–50 of 200
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2021 Q1 | 477 | $48.6B | 23 | ||
| 2020 Q4 | 481 | $47.4B | 26 | ||
| 2020 Q3 | 459 | $41.7B | 22 | ||
| 2020 Q2 | 453 | $38.7B | 32 | ||
| 2020 Q1 | 435 | $30.8B | 38 | ||
| 2019 Q4 | 447 | $40.3B | 21 | ||
| 2019 Q3 | 449 | $38.7B | 24 | ||
| 2019 Q2 | 479 | $40.4B | 24 | ||
| 2019 Q1 | 490 | $40.4B | 32 | ||
| 2018 Q4 | 487 | $35.3B | 40 | ||
| 2018 Q3 | 704 | $45.2B | 25 | ||
| 2018 Q2 | 747 | $43.3B | 26 | ||
| 2018 Q1 | 751 | $44.0B | 24 | ||
| 2017 Q4 | 833 | $45.1B | 22 | ||
| 2017 Q3 | 879 | $45.0B | 24 | ||
| 2017 Q2 | 909 | $45.4B | 26 | ||
| 2017 Q1 | 916 | $47.0B | 29 | ||
| 2016 Q4 | 958 | $45.6B | 35 | ||
| 2016 Q3 | 1090 | $48.3B | 24 | ||
| 2016 Q2 | 1070 | $47.5B | 29 | ||
| 2016 Q1 | 1086 | $53.3B | 31 | ||
| 2015 Q4 | 1114 | $61.7B | 27 | ||
| 2015 Q3 | 1118 | $60.8B | 37 | ||
| 2015 Q2 | 1066 | $70.0B | 35 | ||
| 2015 Q1 | 1030 | $72.0B | 26 | ||
| 2014 Q4 | 1023 | $72.1B | 30 | ||
| 2014 Q3 | 1001 | $72.2B | 100 | ||
| 2014 Q2 | 1007 | $67.5B | 0 | ||
| 2014 Q1 | 1016 | $65.9B | 24 | ||
| 2013 Q4 | 1035 | $62.2B | 33 | ||
| 2013 Q3 | 1020 | $52.4B | 33 | ||
| 2013 Q2 | 996 | $47.9B | 0 |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
Waddell & Reed Financial Inc's most significant position changes for 2021-03-31: New buy: Intel CORP (INTC); New buy: Trimble Inc (TRMB); New buy: Horizon Therapeutics PLC; Sold out: Invesco QQQ Tr Put Option 06/2; Sold out: State Street SPDR S&P MIDCAP 400 ETF Trust (MDY).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +0.4% | +9.71% | Add |
| 2 | IT | Gartner Inc | +0.3% | +491.36% | Add |
| 3 | FIVN | Five9 Inc | +0.2% | +71.16% | Add |
| 4 | ASML | ASML Holding N.V. | +0.2% | -0.04% | Trim |
| 5 | MU | Micron Technology Inc | +0.2% | -0.06% | Trim |
| 6 | AXP | American Express Co | +0.2% | +251.07% | Add |
| 7 | PNW | Pinnacle West Capital Corporation | +0.2% | +259.74% | Add |
| 8 | MSFT | Microsoft CORP | +0.2% | -0.24% | Trim |
| 9 | CTSH | Cognizant Tech Solutions-a | +0.1% | +254.55% | Add |
| 10 | VMI | Valmont Industries | +0.1% | +379.25% | Add |
| 11 | MA | Mastercard Inc - A | +0.1% | +29.85% | Add |
| 12 | PINS | Pinterest Inc- Class A | +0.1% | +66.64% | Add |
| 13 | VCEL | Vericel CORP | +0.1% | -2.81% | Trim |
| 14 | GOOG | Alphabet Inc-cl C | +0.1% | +0.16% | Add |
| 15 | ✓ | +0.1% | +56.20% | Add | |
| 16 | ANETEUR | Arista Networks Inc | +0.1% | +32.39% | Add |
| 17 | MRNA | Moderna Inc | +0.1% | -0.05% | Trim |
| 18 | TRU | Transunion | +0.1% | +41.00% | Add |
| 19 | BWA | Borgwarner Inc | +0.1% | +17.41% | Add |
| 20 | ZBH | Zimmer Biomet Holdings Inc | +0.1% | +18.09% | Add |
| 21 | MCHP | Microchip Technology Inc | +0.1% | +1.40% | Add |
| 22 | CRSP | CRISPR Therapeutics AG | -0.1% | -11.75% | Trim |
| 23 | ZBRA | Zebra Technologies Corp-cl A | -0.1% | -76.63% | Trim |
| 24 | BKNG | Booking Holdings Inc | -0.1% | -36.21% | Trim |
| 25 | DFSEUR | Discover Financial Services | -0.2% | -32.76% | Trim |
| 26 | QTS | Qts Realty Trust Inc-cl A | -0.2% | -48.07% | Trim |
| 27 | TWLO | Twilio Inc - A | -0.2% | -25.12% | Trim |
| 28 | WMT | Walmart Inc | -0.2% | -48.75% | Trim |
| 29 | TDOC | Teladoc Health Inc | -0.2% | -45.65% | Trim |
| 30 | FISV | Fiserv Inc | -0.3% | -29.65% | Trim |
| 31 | META | Meta Platforms Inc-class A | -0.3% | -15.60% | Trim |
| 32 | AMZN | Amazon.com Inc | -0.3% | -2.69% | Trim |
| 33 | SRPT | Sarepta Therapeutics Inc | -0.4% | -84.81% | Trim |
| 34 | QCOM | Qualcomm Inc | -0.4% | -28.60% | Trim |
| 35 | AAPL | Apple Inc | -0.6% | -4.57% | Trim |
| 36 | INTC | Intel CORP | — | NEW | New buy |
| 37 | TRMB | Trimble Inc | — | NEW | New buy |
| 38 | ✓ | Horizon Therapeutics PLC | — | NEW | New buy |
| 39 | ✓ | Invesco QQQ Tr Put Option 06/2 | — | EXIT | Sold out |
| 40 | MDY | State Street SPDR S&P MIDCAP 400 ETF Trust | — | EXIT | Sold out |
| 41 | MTN | Vail Resorts Inc | — | NEW | New buy |
| 42 | XYZ | Block Inc | — | EXIT | Sold out |
| 43 | VAC | Marriott Vacations World | — | NEW | New buy |
| 44 | ALGN | Align Technology Inc | — | EXIT | Sold out |
| 45 | COHREUR | Coherent Inc | — | EXIT | Sold out |
| 46 | IRTC | Irhythm Holdings Inc | — | EXIT | Sold out |
| 47 | PLTR | Palantir Technologies Inc-a | — | EXIT | Sold out |
| 48 | TIXT | Telus International Cda Inc | — | NEW | New buy |
| 49 | VYX | Ncr Voyix CORP | — | NEW | New buy |
| 50 | OLLI | Ollie's Bargain Outlet Holdi | — | EXIT | Sold out |
Filing History
FAQ
What is Waddell & Reed Financial Inc and what type of investor is it?
Waddell & Reed Financial Inc 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 (2021-03-31), the firm manages a tracked equity portfolio valued at approximately $48.6B, spread across 477 disclosed positions.
What are Waddell & Reed Financial Inc's largest equity positions?
Based on the latest 13F filing, Waddell & Reed Financial Inc's top holdings by market value are:
1. Microsoft CORP (MSFT) — $2.6B (5.3%)
2. Apple Inc (AAPL) — $1.7B (3.5%)
3. Amazon.com Inc (AMZN) — $1.4B (2.8%)
4. Meta Platforms Inc-class A (META) — $1.1B (2.2%)
5. Alphabet Inc-cl A (GOOGL) — $1.0B (2.1%)
What changes did Waddell & Reed Financial Inc make in its most recent portfolio filing?
In the latest reported quarter, Waddell & Reed Financial Inc made 50 notable position adjustments: 7 new positions were initiated, 16 existing holdings were added to, 19 positions were partially reduced, and 8 were completely exited. The largest of these moves: New buy: Intel CORP (INTC); New buy: Trimble Inc (TRMB); New buy: Horizon Therapeutics PLC; Sold out: Invesco QQQ Tr Put Option 06/2; Sold out: State Street SPDR S&P MIDCAP 400 ETF Trust (MDY)
What sectors does Waddell & Reed Financial Inc focus on?
Waddell & Reed Financial Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 39.4%
• Communication Services: 14.3%
• Consumer Discretionary: 14.2%
• Financials: 12.3%
• Health Care: 9.5%
• Industrials: 3.5%
Investment Profile
Waddell & Reed Financial Inc's portfolio is broadly diversified and moderately active, with 39.4% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 38 to 23 over the past 4 quarters — a shift toward longer holding periods.
It has added to its GOOGL position over the past two quarters (+$360.6M, now $1.0B), while trimming AAPL over the same stretch (-$296.1M, still holding $1.7B).
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