NL
Nuveen, LLC SEC 13F Disclosure Analysis
Nuveen, LLCCIK: 0001871926
Diversified strategyMomentum followerSector-focused
Total reported value
$369.3B
Reporting period: 2026-03-31 · Number of holdings: 7665
Nuveen, LLC disclosed 7665 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $369.3B and a quarterly turnover rate of 21.3%.
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Personality snowflake
- Concentration
- 5.99
- Portfolio Stability
- 21.34
- Momentum/Contrarian
- 71.86
- Sector conviction
- 66.98
- Diversification
- 100
- Sizing Uniformity
- 31.22
Nuveen, LLC's disclosed holdings carry a Herfindahl concentration index of 0.015 — mathematically equivalent to about 67 equally-sized positions, well below its 7665 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 6.88), 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 65% 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
Trim MSFT
-8.4% -$7.0B
Trim AMZN
-3.1% -$1.7B
Add COST
+41.5% $1.2B
Add XOM
+5.3% $1.2B
Trim AVGO
-1.3% -$1.5B
Trim NOW
-58.1% -$1.0B
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Nuveen is systematically rotating capital out of mega-cap tech winners into defensive compounding plays — trimming MSFT, AMZN, AVGO, META to fund additions in COST, XOM, and a new pharma stake in AZN. This is not a conviction-driven hunt for Alpha; it's a deliberate de-risking of a top-heavy tech exposure under the guise of broad indexing.
Macro & Fundamentals
These flows imply Nuveen is pricing in a growth-to-value regime shift, anticipating higher risk premia and a preference for earnings reliability over expansion multiples. By buying COST, XOM, and AZN while trimming tech leaders, they are betting that pricing power, dividend yield, and lower duration assets will outperform. The opposing thesis: the AI-driven productivity cycle sustains tech leadership, and Nuveen is prematurely locking in gains while forfeiting upside convexity.
Blind Spots / Risks
Despite extreme diversification across 3,224 holdings, the portfolio's returns remain tethered to a handful of mega-cap tech names — MSFT, AMZN, AVGO, META — that still command nearly 12.5% of assets post-trims. The additions to COST, XOM, and AZN are too small to offset the tech factor loading, leaving the portfolio exposed to the very downside the rotation purports to hedge.
The above is AI-generated from public regulatory filings and summarizes historical data only. It is not investment advice.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 7665 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.62% | -0.01% | +3.21% | |
| 2 | AAPL | Apple INC | Stock-Tech | 5.40% | +0.06% | +4.67% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 4.42% | -1.68% | -8.39% | |
| 4 | AMZN | Amazon.com INC | Stock-Consumer Disc | 3.23% | -0.34% | -3.09% | |
| 5 | AVGO | Broadcom INC | Stock-Tech | 3.04% | -0.29% | -1.28% | |
| 6 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.41% | — | +5.51% | |
| 7 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.38% | -0.01% | +4.85% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.61% | -0.23% | -2.53% | |
| 9 | TSLA | Tesla INC | Stock-Consumer Disc | 1.37% | -0.18% | +3.01% | |
| 10 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.33% | -0.20% | -1.78% | |
| 11 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.20% | -0.05% | +1.96% | |
| 12 | MA | Mastercard INC - A | Stock-Financials | 1.11% | — | +11.21% | |
| 13 | XOM | Exxon Mobil CORP | Stock-Energy | 0.96% | +0.34% | +5.32% | |
| 14 | NXUS | Nuveen Intnatinal Agg Bd ETF | ETF-Other | 0.93% | +0.27% | +36.85% | |
| 15 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.83% | +0.34% | +41.48% | |
| 16 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.83% | +0.26% | +17.73% | |
| 17 | WMT | Walmart INC | Stock-Consumer Staples | 0.81% | — | -6.48% | |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.73% | — | +1.23% | |
| 19 | ABBV | Abbvie INC | Stock-Healthcare | 0.65% | +0.13% | +29.13% | |
| 20 | LRCX | Lam Research CORP | Stock-Tech | 0.64% | +0.17% | +5.95% | |
| 21 | NFLX | Netflix INC | Stock-Comm Services | 0.60% | — | +11.83% | |
| 22 | HD | Home Depot INC | Stock-Consumer Disc | 0.59% | — | +20.01% | |
| 23 | V | Visa Inc-class A Shares | Stock-Financials | 0.58% | -0.23% | -18.92% | |
| 24 | AMAT | Applied Materials INC | Stock-Tech | 0.56% | — | -21.81% | |
| 25 | LIN | Linde plc | Stock-Materials | 0.55% | +0.13% | +8.64% | |
| 26 | CVX | Chevron CORP | Stock-Energy | 0.54% | +0.16% | +3.27% | |
| 27 | GE | General Electric | Stock-Industrials | 0.50% | — | +9.13% | |
| 28 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.49% | +0.14% | +25.39% | |
| 29 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.49% | — | +13.43% | |
| 30 | TJX | Tjx Companies INC | Stock-Consumer Disc | 0.49% | — | +16.91% | |
| 31 | WFC | Wells Fargo & Co | Stock-Financials | 0.48% | -0.11% | -7.71% | |
| 32 | CSCO | Cisco Systems INC | Stock-Tech | 0.46% | — | +9.16% | |
| 33 | AXP | American Express Co | Stock-Financials | 0.46% | — | +8.09% | |
| 34 | APH | Amphenol Corp-cl A | Stock-Tech | 0.45% | +0.17% | +68.24% | |
| 35 | ETN | Eaton Corporation plc | Stock-Industrials | 0.45% | — | -7.53% | |
| 36 | CAT | Caterpillar INC | Stock-Industrials | 0.44% | — | +0.05% | |
| 37 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.43% | — | +14.08% | |
| 38 | PM | Philip Morris International | Stock-Consumer Staples | 0.43% | — | -3.03% | |
| 39 | REGN | Regeneron Pharmaceuticals | Stock-Healthcare | 0.43% | — | +2.71% | |
| 40 | GEV | GE Vernova INC | Stock-Industrials | 0.43% | — | -10.48% | |
| 41 | ANET | Arista Networks INC | Stock-Tech | 0.42% | — | +3.39% | |
| 42 | NHYB | Nuveen High Yild CORP Bd ETF | ETF-Other | 0.42% | — | -2.57% | |
| 43 | NEE | Nextera Energy INC | Stock-Utilities | 0.41% | — | -5.66% | |
| 44 | PLD | Prologis INC | Stock-Real Estate | 0.40% | — | -12.03% | |
| 45 | INTC | Intel CORP | Stock-Tech | 0.39% | +0.15% | +29.45% | |
| 46 | C | Citigroup INC | Stock-Financials | 0.38% | — | -5.29% | |
| 47 | ORLY | O'reilly Automotive INC | Stock-Consumer Disc | 0.38% | +0.11% | +32.79% | |
| 48 | BKNG | Booking Holdings INC | Stock-Consumer Disc | 0.36% | -0.09% | -1.07% | |
| 49 | AMD | Advanced Micro Devices | Stock-Tech | 0.36% | — | +7.87% | |
| 50 | AZN | AstraZeneca PLC | Stock-Healthcare | 0.36% | +0.36% | NEW |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.8%
Performance Last 4 Quarters
+21.8%
Based on 76% of reported portfolio value with available pricing
- Stdev
- +13.6%
- Beta
- +1.05
- Alpha
- +1%
- Max Drawdown
- -5.6%
- Annualized Perf
- +26%
- Batting Avg vs S&P
- +57.1%
- Sortino
- +5.4
- Stutzer
- +0.58
- Treynor
- +0.23
- Sterling
- +1.67
- Calmar
- +4.64
- Information Ratio
- +0.79
- Tracking Error
- +2.7%
- Stdev Down
- +4.5%
- Winning Months %
- +64.3%
- Losing Months %
- +35.7%
- Best 12 Months
- +32.2%
- Worst 12 Months
- +21.8%
- Efficiency Ratio
- +0.74
- Sharpe
- +1.78
- Stdev Sectors
- +11%
- Skewness
- +1.05
- Kurtosis
- +1.88
- Upside Potential
- +6.7
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Nuveen, LLC's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); Trim: Microsoft CORP (MSFT) — shares -8.39%; Trim: Amazon.com INC (AMZN) — shares -3.09%; Add: Costco Wholesale CORP (COST) — shares +41.48%; Add: Exxon Mobil CORP (XOM) — shares +5.32%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | COST | Costco Wholesale CORP | +0.3% | +41.48% | Add |
| 2 | XOM | Exxon Mobil CORP | +0.3% | +5.32% | Add |
| 3 | NXUS | Nuveen Intnatinal Agg Bd ETF | +0.3% | +36.85% | Add |
| 4 | JNJ | Johnson & Johnson | +0.3% | +17.73% | Add |
| 5 | APH | Amphenol Corp-cl A | +0.2% | +68.24% | Add |
| 6 | LRCX | Lam Research CORP | +0.2% | +5.95% | Add |
| 7 | CVX | Chevron CORP | +0.2% | +3.27% | Add |
| 8 | INTC | Intel CORP | +0.2% | +29.45% | Add |
| 9 | KO | Coca-cola Co/the | +0.1% | +25.39% | Add |
| 10 | MRK | Merck & Co. INC. | +0.1% | +45.15% | Add |
| 11 | TMUS | T-mobile US INC | +0.1% | +93.38% | Add |
| 12 | ABBV | Abbvie INC | +0.1% | +29.13% | Add |
| 13 | PWR | Quanta Services INC | +0.1% | +34.84% | Add |
| 14 | LIN | Linde plc | +0.1% | +8.64% | Add |
| 15 | COP | Conocophillips | +0.1% | +11.45% | Add |
| 16 | HLT | Hilton Worldwide Holdings In | +0.1% | +94.24% | Add |
| 17 | HWM | Howmet Aerospace INC | +0.1% | +29.93% | Add |
| 18 | ORLY | O'reilly Automotive INC | +0.1% | +32.79% | Add |
| 19 | TXN | Texas Instruments INC | +0.1% | +39.77% | Add |
| 20 | TT | Trane Technologies plc | +0.1% | +29.56% | Add |
| 21 | LNG | Cheniere Energy INC | +0.1% | +52.48% | Add |
| 22 | AAPL | Apple INC | +0.1% | +4.67% | Add |
| 23 | GOOG | Alphabet Inc-cl C | — | +5.51% | Add |
| 24 | NVDA | Nvidia CORP | 0% | +3.21% | Add |
| 25 | GOOGL | Alphabet Inc-cl A | 0% | +4.85% | Add |
| 26 | JPM | Jpmorgan Chase & Co | -0.1% | +1.96% | Add |
| 27 | ISRG | Intuitive Surgical INC | -0.1% | -3.99% | Trim |
| 28 | ABT | Abbott Laboratories | -0.1% | -5.11% | Trim |
| 29 | BKNG | Booking Holdings INC | -0.1% | -1.07% | Trim |
| 30 | DIS | Walt Disney Co/the | -0.1% | -11.76% | Trim |
| 31 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | -0.1% | -46.60% | Trim |
| 32 | UBER | Uber Technologies INC | -0.1% | -35.34% | Trim |
| 33 | SHOP | Shopify INC - Class A | -0.1% | -16.61% | Trim |
| 34 | WFC | Wells Fargo & Co | -0.1% | -7.71% | Trim |
| 35 | TMO | Thermo Fisher Scientific INC | -0.1% | -23.30% | Trim |
| 36 | BA | Boeing Co/the | -0.1% | -31.24% | Trim |
| 37 | RKT | Rocket Cos Inc-class A | -0.1% | -77.96% | Trim |
| 38 | KKR | Kkr & Co INC | -0.2% | -64.06% | Trim |
| 39 | CCL1EUR | Carnival CORP LTD | -0.2% | -67.10% | Trim |
| 40 | SNOW | Snowflake INC | -0.2% | -36.49% | Trim |
| 41 | INTU | Intuit INC | -0.2% | -6.86% | Trim |
| 42 | TSLA | Tesla INC | -0.2% | +3.01% | Add |
| 43 | LLY | Eli Lilly & Co | -0.2% | -1.78% | Trim |
| 44 | META | Meta Platforms Inc-class A | -0.2% | -2.53% | Trim |
| 45 | V | Visa Inc-class A Shares | -0.2% | -18.92% | Trim |
| 46 | NOW | Servicenow INC | -0.3% | -58.08% | Trim |
| 47 | AVGO | Broadcom INC | -0.3% | -1.28% | Trim |
| 48 | AMZN | Amazon.com INC | -0.3% | -3.09% | Trim |
| 49 | MSFT | Microsoft CORP | -1.7% | -8.39% | Trim |
| 50 | AZN | AstraZeneca PLC | — | NEW | New buy |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-30 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-12 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-12 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-12 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-12 | 13F-HR | View on EDGAR |
FAQ
What is Nuveen, LLC and what type of investor is it?
Nuveen, 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 (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $369.3B, spread across 7665 disclosed positions.
What are Nuveen, LLC's largest equity positions?
Based on the latest 13F filing, Nuveen, LLC's top holdings by market value are:
1. Nvidia CORP (NVDA) — $24.4B (6.6%)
2. Apple INC (AAPL) — $19.9B (5.4%)
3. Microsoft CORP (MSFT) — $16.3B (4.4%)
4. Amazon.com INC (AMZN) — $11.9B (3.2%)
5. Broadcom INC (AVGO) — $11.2B (3.0%)
What changes did Nuveen, LLC make in its most recent portfolio filing?
In the latest reported quarter, Nuveen, LLC made 50 notable position adjustments: 1 new positions were initiated, 27 existing holdings were added to, 22 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: AstraZeneca PLC (AZN); Trim: Microsoft CORP (MSFT) — shares -8.39%; Trim: Amazon.com INC (AMZN) — shares -3.09%; Add: Costco Wholesale CORP (COST) — shares +41.48%; Add: Exxon Mobil CORP (XOM) — shares +5.32%
What sectors does Nuveen, LLC focus on?
Nuveen, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 40.7%
• Communication Services: 12.9%
• Consumer Discretionary: 11.2%
• Financials: 10.6%
• Health Care: 10.3%
• Industrials: 5.3%
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