EP
Ensign Peak Advisors, Inc's SEC 13F Portfolio ($53.7B)
Ensign Peak Advisors, IncCIK: 0001454984
Diversified strategyMomentum follower
Total reported value
$53.7B
Reporting period: 2026-03-31 · Number of holdings: 1708
Ensign Peak Advisors, Inc disclosed 1708 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $53.7B and a quarterly turnover rate of 22.0%.
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Personality snowflake
- Concentration
- 7.18
- Portfolio Stability
- 22.05
- Momentum/Contrarian
- 100
- Sector conviction
- 49.42
- Diversification
- 100
- Sizing Uniformity
- 45.54
Ensign Peak Advisors, Inc's disclosed holdings carry a Herfindahl concentration index of 0.018 — mathematically equivalent to about 56 equally-sized positions, well below its 1708 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 5.45), 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.
Recent moves
Trim MSFT
-2.3% -$828.5M
Trim FTAI
-67.3% -$276.0M
Add XOM
-1.5% $190.8M
Trim TEAM
-54.2% -$190.7M
Trim ABBV
-39.1% -$193.1M
Trim META
-1.9% -$249.8M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Ensign Peak aggressively trims leadership across mega-cap tech and software this quarter, actively rotating capital out of crowded momentum names into defensive value anchors. Holding 1,708 positions with a raw turnover ratio of 22% and a near-zero HHI, the fund is harvesting gains from stretched valuations while maintaining an ultra-low concentration basket.
Macro & Fundamentals
Embedded bet: A cooling liquidity environment that compresses growth risk premiums, forcing capital rotation from narrative-driven AI beta into bottom-up fundamental rotation. The opposing thesis bets on sustained data-center capex cycles keeping hardware and software premiums intact. The portfolio stands positioned for Nasdaq 100 mean reversion while weighting utilities and health care as structural ballast.
Blind Spots / Risks
Position sizing discipline sits at 45%, leaving the vast majority of returns dependent on a long tail of micro-positions. If small-cap liquidity dries up or bid-ask spreads widen, this 1,708-name structure will suffer severe execution drag that algorithmic rebalancing currently masks. The strategy is structurally vulnerable to a liquidity trap in the lower quartile once earnings season forces hard stops across fragmented pockets.
This summary was generated by AI from publicly filed SEC data and reflects historical holdings only — it is not a recommendation to buy or sell.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 1708 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 7.49% | -0.10% | -0.00% | |
| 2 | AAPL | Apple INC | Stock-Tech | 5.54% | +0.06% | +2.58% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 4.57% | -1.23% | -2.32% | |
| 4 | AMZN | Amazon.com INC | Stock-Consumer Disc | 3.43% | -0.24% | -1.74% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.31% | -0.02% | +2.42% | |
| 6 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.64% | -0.30% | -1.92% | |
| 7 | AVGO | Broadcom INC | Stock-Tech | 2.48% | -0.11% | +1.83% | |
| 8 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.37% | — | +9.44% | |
| 9 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.66% | -0.03% | +1.52% | |
| 10 | MA | Mastercard INC - A | Stock-Financials | 1.54% | — | +8.58% | |
| 11 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.45% | -0.14% | +1.26% | |
| 12 | TSLA | Tesla INC | Stock-Consumer Disc | 1.36% | -0.17% | +1.41% | |
| 13 | XOM | Exxon Mobil CORP | Stock-Energy | 1.27% | +0.40% | -1.48% | |
| 14 | ORCL | Oracle CORP | Stock-Tech | 1.07% | -0.17% | +8.98% | |
| 15 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.90% | — | -7.54% | |
| 16 | NEE | Nextera Energy INC | Stock-Utilities | 0.81% | — | -3.48% | |
| 17 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.77% | — | -1.57% | |
| 18 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.75% | -0.22% | -10.62% | |
| 19 | MU | Micron Technology INC | Stock-Tech | 0.72% | +0.29% | +34.31% | |
| 20 | AMAT | Applied Materials INC | Stock-Tech | 0.71% | +0.15% | -9.73% | |
| 21 | WMT | Walmart INC | Stock-Consumer Staples | 0.71% | — | -7.35% | |
| 22 | CVX | Chevron CORP | Stock-Energy | 0.70% | +0.18% | -6.72% | |
| 23 | BAC | Bank Of America CORP | Stock-Financials | 0.64% | — | +3.91% | |
| 24 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.64% | — | -3.60% | |
| 25 | UBER | Uber Technologies INC | Stock-Industrials | 0.61% | -0.10% | -7.23% | |
| 26 | GILD | Gilead Sciences INC | Stock-Healthcare | 0.61% | +0.19% | +20.75% | |
| 27 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.59% | +0.25% | +42.15% | |
| 28 | EPD | Enterprise Products Partners | Stock-Energy | 0.59% | — | -8.29% | |
| 29 | MS | Morgan Stanley | Stock-Financials | 0.57% | — | +7.88% | |
| 30 | GE | General Electric | Stock-Industrials | 0.56% | — | +5.41% | |
| 31 | ADI | Analog Devices INC | Stock-Tech | 0.56% | — | -5.16% | |
| 32 | HD | Home Depot INC | Stock-Consumer Disc | 0.55% | — | +1.41% | |
| 33 | BSX | Boston Scientific CORP | Stock-Healthcare | 0.53% | +0.26% | +185.67% | |
| 34 | GS | Goldman Sachs Group INC | Stock-Financials | 0.52% | — | -3.39% | |
| 35 | WFC | Wells Fargo & Co | Stock-Financials | 0.51% | -0.12% | -10.78% | |
| 36 | ICE | Intercontinental Exchange In | Stock-Financials | 0.50% | — | -1.33% | |
| 37 | ABBV | Abbvie INC | Stock-Healthcare | 0.50% | -0.31% | -39.05% | |
| 38 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.47% | -0.30% | -31.05% | |
| 39 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.47% | +0.15% | +21.73% | |
| 40 | COP | Conocophillips | Stock-Energy | 0.47% | +0.15% | -2.86% | |
| 41 | KMI | Kinder Morgan INC | Stock-Energy | 0.46% | — | -12.88% | |
| 42 | TJX | Tjx Companies INC | Stock-Consumer Disc | 0.44% | — | -19.96% | |
| 43 | GEV | GE Vernova INC | Stock-Industrials | 0.44% | +0.13% | -1.26% | |
| 44 | LIN | Linde plc | Stock-Materials | 0.42% | +0.24% | +91.30% | |
| 45 | SCHW | Schwab (charles) CORP | Stock-Financials | 0.42% | — | -11.21% | |
| 46 | SO | Southern Co/the | Stock-Utilities | 0.41% | — | -12.83% | |
| 47 | MAR | Marriott International -cl A | Stock-Consumer Disc | 0.40% | -0.07% | -23.05% | |
| 48 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.37% | — | +3.64% | |
| 49 | CRM | Salesforce INC | Stock-Tech | 0.36% | — | +36.78% | |
| 50 | KNX | Knight-swift Transportation | Stock-Industrials | 0.36% | — | +15.25% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.9%
Performance Last 4 Quarters
+20.6%
Based on 77% of reported portfolio value with available pricing
- Stdev
- +13.3%
- Beta
- +1.01
- Alpha
- -1.5%
- Max Drawdown
- -10.1%
- Annualized Perf
- +17.4%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.61
- Stutzer
- +0.38
- Treynor
- +0.17
- Sterling
- +0.99
- Calmar
- +1.72
- Information Ratio
- -0.63
- Tracking Error
- +2.3%
- Stdev Down
- +6.5%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +35.3%
- Worst 12 Months
- +5.9%
- Efficiency Ratio
- +0.52
- Sharpe
- +1.28
- Stdev Sectors
- +8.2%
- Skewness
- +0.2
- Kurtosis
- -0.06
- Upside Potential
- +4.34
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 1708 | $53.7B | 22 | |
| 2025-12-31 | 1685 | $56.6B | 18 | |
| 2025-09-30 | 1697 | $60.9B | 33 | |
| 2025-06-30 | 1697 | $58.4B | 0 | |
| 2025-03-31 | 1689 | $52.3B | 100 | |
| 2024-12-31 | 1710 | $56.3B | 0 | |
| 2024-09-30 | 1706 | $56.9B | 0 | |
| 2024-06-30 | 1712 | $54.7B | 0 | |
| 2024-03-31 | 1725 | $54.8B | 0 | |
| 2023-12-31 | 1739 | $50.5B | 0 | |
| 2023-09-30 | 1756 | $46.8B | 0 | |
| 2023-06-30 | 1761 | $49.3B | 0 | |
| 2023-03-31 | 1772 | $46.2B | 0 | |
| 2022-12-31 | 1786 | $44.4B | 0 | |
| 2022-09-30 | 2310 | $40.3B | 0 | |
| 2022-06-30 | 2162 | $42.1B | 0 | |
| 2022-03-31 | 2210 | $49.2B | 0 | |
| 2021-12-31 | 2199 | $52.3B | 0 | |
| 2021-09-30 | 1851 | $48.0B | 0 | |
| 2021-06-30 | 1822 | $49.6B | 100 | |
| 2021-03-31 | 1825 | $46.5B | 20 | |
| 2020-12-31 | 1854 | $44.1B | 26 | |
| 2020-09-30 | 1740 | $39.6B | 19 | |
| 2020-06-30 | 1671 | $36.8B | 31 | |
| 2020-03-31 | 1622 | $29.9B | 31 | |
| 2019-12-31 | 1659 | $37.9B | — |
Holding changes this quarter
Ensign Peak Advisors, Inc's most significant position changes for 2026-03-31: Trim: Microsoft CORP (MSFT) — shares -2.32%; Trim: FTAI Aviation Ltd. (FTAI) — shares -67.32%; Trim: Exxon Mobil CORP (XOM) — shares -1.48%; Trim: Atlassian Corp-cl A (TEAM) — shares -54.20%; Trim: Abbvie INC (ABBV) — shares -39.05%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XOM | Exxon Mobil CORP | +0.4% | -1.48% | Trim |
| 2 | MU | Micron Technology INC | +0.3% | +34.31% | Add |
| 3 | BSX | Boston Scientific CORP | +0.3% | +185.67% | Add |
| 4 | MRK | Merck & Co. INC. | +0.3% | +42.15% | Add |
| 5 | LIN | Linde plc | +0.2% | +91.30% | Add |
| 6 | KLAC | Kla CORP | +0.2% | +157.86% | Add |
| 7 | PBUS | Invesco Msci USA ETF | +0.2% | +125.60% | Add |
| 8 | GILD | Gilead Sciences INC | +0.2% | +20.75% | Add |
| 9 | CVX | Chevron CORP | +0.2% | -6.72% | Trim |
| 10 | LNG | Cheniere Energy INC | +0.2% | +17.12% | Add |
| 11 | VRT | Vertiv Holdings Co-a | +0.2% | +28.48% | Add |
| 12 | COST | Costco Wholesale CORP | +0.2% | +21.73% | Add |
| 13 | COP | Conocophillips | +0.2% | -2.86% | Trim |
| 14 | AMAT | Applied Materials INC | +0.2% | -9.73% | Trim |
| 15 | CSGP | Costar Group INC | +0.1% | +372.77% | Add |
| 16 | LYB | LyondellBasell Industries N.V. | +0.1% | +1.66% | Add |
| 17 | BMY | Bristol-myers Squibb Co | +0.1% | +35.47% | Add |
| 18 | CAT | Caterpillar INC | +0.1% | +29.39% | Add |
| 19 | GEV | GE Vernova INC | +0.1% | -1.26% | Trim |
| 20 | SRLN | Ss Blackstone Sr Loan ETF | +0.1% | +47.87% | Add |
| 21 | AAPL | Apple INC | +0.1% | +2.58% | Add |
| 22 | GOOGL | Alphabet Inc-cl A | 0% | +2.42% | Add |
| 23 | JPM | Jpmorgan Chase & Co | 0% | +1.52% | Add |
| 24 | MAR | Marriott International -cl A | -0.1% | -23.05% | Trim |
| 25 | NVDA | Nvidia CORP | -0.1% | -0.00% | Trim |
| 26 | UBER | Uber Technologies INC | -0.1% | -7.23% | Trim |
| 27 | SHW | Sherwin-williams Co/the | -0.1% | -41.34% | Trim |
| 28 | AVGO | Broadcom INC | -0.1% | +1.83% | Add |
| 29 | BKNG | Booking Holdings INC | -0.1% | -22.82% | Trim |
| 30 | INTU | Intuit INC | -0.1% | +0.14% | Add |
| 31 | WFC | Wells Fargo & Co | -0.1% | -10.78% | Trim |
| 32 | EL | Estee Lauder Companies-cl A | -0.1% | -12.20% | Trim |
| 33 | LLY | Eli Lilly & Co | -0.1% | +1.26% | Add |
| 34 | MTD | Mettler-toledo International | -0.1% | -54.21% | Trim |
| 35 | KKR | Kkr & Co INC | -0.2% | -14.26% | Trim |
| 36 | TSLA | Tesla INC | -0.2% | +1.41% | Add |
| 37 | ORCL | Oracle CORP | -0.2% | +8.98% | Add |
| 38 | MDB | Mongodb INC | -0.2% | -31.82% | Trim |
| 39 | ABT | Abbott Laboratories | -0.2% | -24.35% | Trim |
| 40 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.2% | -41.53% | Trim |
| 41 | UNH | Unitedhealth Group INC | -0.2% | -10.62% | Trim |
| 42 | AMZN | Amazon.com INC | -0.2% | -1.74% | Trim |
| 43 | COF | Capital One Financial CORP | -0.3% | -29.40% | Trim |
| 44 | APP | Applovin Corp-class A | -0.3% | -19.67% | Trim |
| 45 | META | Meta Platforms Inc-class A | -0.3% | -1.92% | Trim |
| 46 | TMO | Thermo Fisher Scientific INC | -0.3% | -31.05% | Trim |
| 47 | ABBV | Abbvie INC | -0.3% | -39.05% | Trim |
| 48 | TEAM | Atlassian Corp-cl A | -0.3% | -54.20% | Trim |
| 49 | FTAI | FTAI Aviation Ltd. | -0.5% | -67.32% | Trim |
| 50 | MSFT | Microsoft CORP | -1.2% | -2.32% | Trim |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-13 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-12 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-13 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-12 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-13 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-14 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-13 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-12 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-11 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-13 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-12 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-12 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-12 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-12 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-11 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
FAQ
What is Ensign Peak Advisors, Inc and what type of investor is it?
Ensign Peak Advisors, Inc 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 $53.7B, spread across 1708 disclosed positions.
What are Ensign Peak Advisors, Inc's largest equity positions?
Based on the latest 13F filing, Ensign Peak Advisors, Inc's top holdings by market value are:
1. Nvidia CORP (NVDA) — $4.0B (7.5%)
2. Apple INC (AAPL) — $3.0B (5.5%)
3. Microsoft CORP (MSFT) — $2.5B (4.6%)
4. Amazon.com INC (AMZN) — $1.8B (3.4%)
5. Alphabet Inc-cl A (GOOGL) — $1.8B (3.3%)
What changes did Ensign Peak Advisors, Inc make in its most recent portfolio filing?
In the latest reported quarter, Ensign Peak Advisors, Inc made 50 notable position adjustments: 0 new positions were initiated, 23 existing holdings were added to, 27 positions were partially reduced, and 0 were completely exited. The largest of these moves: Trim: Microsoft CORP (MSFT) — shares -2.32%; Trim: FTAI Aviation Ltd. (FTAI) — shares -67.32%; Trim: Exxon Mobil CORP (XOM) — shares -1.48%; Trim: Atlassian Corp-cl A (TEAM) — shares -54.20%; Trim: Abbvie INC (ABBV) — shares -39.05%
What sectors does Ensign Peak Advisors, Inc focus on?
Ensign Peak Advisors, Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 32.3%
• Financials: 12.5%
• Health Care: 11.0%
• Communication Services: 10.0%
• Consumer Discretionary: 9.4%
• Industrials: 8.8%
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