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Smart Money

2026Q1131d data lag
AUM$458BHoldings959Funds15

Conviction

ranked by tier × portfolio weight

01

Silicon photonics

71
3 funds +98%
02

Memory chips

70
6 funds +106%
03

Drone tech / counter-UAS

69
2 funds +70%
04

Rare earths

65
1 funds· +0%
05

Uranium

50
0 funds· +0%
06

AI infrastructure

46
14 funds +20%
07

GLP-1 obesity

37
1 funds -30%
08

Fusion energy

36
1 funds -37%
09

Humanoid robots

30
3 funds -37%
10

Modular nuclear (SMR)

30
4 funds -47%

Big moves

new positions & exits this quarter

exit

$2.9B

1.1% port

new
DALDELTA AIR LINES INC
Berkshire Hathaway↗ sec

$2.6B

1.0% port

exit
MAMASTERCARD INCORPORATED
Berkshire Hathaway↗ sec

$2.3B

0.8% port

new

$2.1B

15.3% port

exit

$1.4B

0.5% port

new

$1.0B

exit
UNHUNITEDHEALTH GROUP INC
Berkshire Hathaway↗ sec

$1.0B

new

$912M

2.6% port

exit
HLTHILTON WORLDWIDE HLDGS IN…
Pershing Square↗ sec

$870M

5.6% port

exit

$861M

2.9% port

exit
AMDADVANCED MICRO DEVICES IN…
Viking Global↗ sec

$801M

2.1% port

new

$707M

1.6% port

new

$688M

1.9% port

exit
DKNGDRAFTKINGS INC NEW
Viking Global↗ sec

$659M

1.7% port

new
METAMETA PLATFORMS INC
Viking Global↗ sec

$608M

1.7% port

exit

$599M

4.4% port

exit

$597M

4.4% port

exit

$573M

4.2% port

exit

$571M

1.5% port

exit

$557M

4.1% port

new

$555M

4.4% port

new

$506M

4.0% port

new

$493M

3.9% port

new

$485M

1.4% port

new

$408M

13.6% port

new

$374M

1.0% port

new

$350M

2.8% port

new

$350M

1.0% port

new

$344M

1.0% port

new
PFGCPERFORMANCE FOOD GROUP CO
Lone Pine Capital↗ sec

$341M

2.7% port

new

$339M

2.7% port

13F-HR · 45-day reporting lag · Long positions only · Quant funds excluded · Not investment advice