Core Insights - Bank of America reported a total market value of $1.47 trillion for its holdings as of September 30, 2025, an increase from $1.37 trillion in the previous quarter [1][2] - The bank added 504 new stocks to its portfolio, increased holdings in 3,704 stocks, reduced holdings in 3,585 stocks, and completely sold out of 582 stocks [1][2] - The top ten holdings accounted for 17.03% of the total market value [1][2] Holdings Overview - The largest holding is Microsoft (MSFT.US) with approximately 71.69 million shares valued at about $37.1 billion, representing 2.52% of the portfolio, a 2.14% increase from the previous quarter [3][5] - Nvidia (NVDA.US) is the second largest holding with around 191 million shares valued at approximately $35.6 billion, accounting for 2.41% of the portfolio, a decrease of 5.54% from the last quarter [3][5] - Apple (AAPL.US) ranks third with about 123 million shares valued at approximately $31.3 billion, making up 2.12% of the portfolio, an increase of 5.28% [3][5] - The fourth largest holding is Vanguard Value ETF (VTV.US) with around 134 million shares valued at about $25 billion, representing 1.69% of the portfolio, a 4.42% increase [3][5] - Vanguard Growth ETF (VUG.US) is the fifth largest holding with approximately 47 million shares valued at about $22.6 billion, accounting for 1.53% of the portfolio, a decrease of 4.66% [3][5] Sector Activity - The sixth to tenth largest holdings include SPDR S&P 500 ETF (SPY.US), Broadcom (AVGO.US), SPDR S&P 500 ETF Put Options (SPY.US, PUT), iShares MSCI EAFE ETF (IEFA.US), and Amazon (AMZN.US) [4] - Notably, the holdings in SPDR S&P 500 ETF Put Options increased significantly by approximately 142% compared to the previous quarter [4] Buying and Selling Trends - The top five purchases included SPDR S&P 500 ETF Put Options, Apple, iShares 20+ Year Treasury Bond ETF (TLT.US), iShares iBoxx High Yield Corporate Bond ETF Put Options (HYG.US, PUT), and iShares Russell 2000 ETF Put Options (IWM.US, PUT) [5] - The top five sales were iShares S&P 500 ETF (IVV.US), Nasdaq 100 ETF Put Options (QQQ.US, PUT), Nasdaq 100 ETF (QQQ.US), ServiceNow (NOW.US), and Amazon (AMZN.US) [6]

Core Insights - Soros Fund Management reported a total market value of $7.97 billion for Q2 2025, up from $6.70 billion in the previous quarter, reflecting a 19% increase [1][2] - The fund added 80 new stocks and increased holdings in 60 stocks, while reducing positions in 45 stocks and completely selling out of 87 stocks [1][2] Holdings Overview - The top ten holdings account for 28.11% of the total market value [1][2] - The largest position is in SPDR S&P 500 ETF put options (SPY.US, PUT) with approximately 537,500 shares valued at about $332 million, representing 4.17% of the portfolio, a significant increase of 168.75% from the previous quarter [3][4] - Other notable holdings include Smurfit WestRock (SW.US) with 7.48 million shares valued at approximately $323 million (4.05% of the portfolio) and First Solar call options (FSLR.US, CALL) with 1.64 million shares valued at about $271 million (3.40% of the portfolio) [3][4] Buying and Selling Activity - The top five purchases by percentage change in portfolio include Invesco QQQ Trust call options (QQQ.US, CALL), SPDR S&P 500 ETF put options (SPY.US, PUT), and Globant (GLOB.US) notes [4][6] - The top five sales by largest value include AstraZeneca (AZN.US), iShares 20+ Year Treasury ETF call options (TLT.US, CALL), and SPDR S&P 500 ETF (SPY.US) [5][6]

Core Insights - Morgan Stanley's total market value for Q2 2025 reached $1.53 trillion, up from $1.37 trillion in the previous quarter, indicating a growth of approximately 11.7% [1][2] - The fund added 682 new stocks, increased holdings in 2,614 stocks, reduced holdings in 3,312 stocks, and completely sold out of 939 stocks during the quarter [1][2] - The top ten holdings accounted for 25.16% of the total market value, reflecting a concentrated investment strategy [1][2] Holdings Overview - The largest holding is Microsoft (MSFT), with 157 million shares valued at approximately $78.12 billion, representing 5.11% of the portfolio, a 10.6% increase in shares from the previous quarter [2][3] - Nvidia (NVDA) ranks second, holding 462 million shares valued at about $73.08 billion, which is 4.78% of the portfolio, with a 9.85% increase in shares [2][3] - Apple (AAPL) is third, with 214 million shares valued at around $44.03 billion, making up 2.88% of the portfolio, reflecting a 7.98% increase [3] - Amazon (AMZN) is fourth, holding 193 million shares valued at approximately $42.30 billion, which is 2.77% of the portfolio, showing a decrease of 3.71% in shares [3] - Meta (META) is fifth, with 54.72 million shares valued at about $40.39 billion, accounting for 2.64% of the portfolio, down by 5.97% [3] Trading Activity - The top five purchases by percentage change in the portfolio included Nvidia, Microsoft, Broadcom (AVGO), SPDR S&P 500 ETF put options, and SPDR S&P 500 ETF call options [5] - The top five sales by percentage change included UnitedHealth (UNH), SPDR S&P 500 ETF (SPY), McDonald's (MCD), Berkshire Hathaway (BRK.B), and Mastercard (MA) [5]

Core Insights - UBS reported a total market value of $540 billion in its Q1 2025 holdings, remaining stable compared to the previous quarter [1][2] - The firm added 1,239 new stocks to its portfolio, increased holdings in 4,632 stocks, reduced holdings in 4,025 stocks, and completely sold out of 944 stocks [1][2] - The top ten holdings accounted for 14.36% of the total market value [1][2] Holdings Summary - The top five holdings include Apple (AAPL) with approximately 60.7 million shares valued at $13.49 billion (2.48% of the portfolio), Microsoft (MSFT) with about 32.9 million shares valued at $12.35 billion (2.27%), Nvidia (NVDA) with around 101.4 million shares valued at $10.99 billion (2.02%), Amazon (AMZN) with approximately 37.6 million shares valued at $7.15 billion (1.31%), and SPDR S&P 500 ETF (SPY) with about 12.8 million shares valued at $7.14 billion (1.31%) [3][4] - Notably, SPY saw a significant increase in holdings by 27.95% compared to the previous quarter [3][4] Trading Activity - The turnover rate for the portfolio was 19.64%, with an alternative turnover rate of 8.64% [2] - The average holding period for the top 20 stocks was approximately 20.95 quarters, while the top 10 stocks had an average holding period of 21 quarters [2] Buying and Selling Trends - The top five purchases included SPDR S&P 500 ETF put options, iShares iBoxx High Yield Corporate Bond ETF put options, SPDR S&P 500 ETF, SPDR Gold Shares ETF, and Berkshire Hathaway [4][6] - The top five sales included Microsoft, Apple, Google, Tesla, and iShares iBoxx Investment Grade Corporate Bond ETF call options [5][6]

Summary of Key Points Core Viewpoint - Bank of America reported a total market value of $1.24 trillion in its Q1 2025 holdings, reflecting a 4.20% increase from the previous quarter's $1.19 trillion, with significant activity in stock purchases and sales [1][2]. Holdings Activity - Total market value of holdings reached $1.24 trillion, up from $1.19 trillion, indicating a 6.83% inflow as a percentage of total market value [2] - New purchases included 634 stocks, while 4,520 stocks were added to existing positions [1][2] - The bank reduced holdings in 2,694 stocks and completely sold out of 500 stocks [1][2] - The top ten holdings accounted for 15.76% of the total market value [1][2] Top Holdings - Microsoft (MSFT) was the largest holding with approximately 73.1 million shares valued at $27.45 billion, representing 2.22% of the portfolio, an increase of 7.42% from the previous quarter [3][4] - Apple (AAPL) followed with about 122 million shares valued at $27.09 billion, making up 2.19% of the portfolio, with a 2.67% increase in shares [3][4] - Nvidia (NVDA) ranked third with around 210 million shares valued at $22.74 billion, accounting for 1.84% of the portfolio, showing a significant increase of 19.97% [3][4] - Other notable holdings included Vanguard Value ETF (VTV) and Vanguard Growth ETF (VUG), with respective values of $21.47 billion and $18 billion [3][4] Trading Activity - The turnover rate for the portfolio was 12.9%, with an alternative turnover rate of 4.7% [2] - The average holding period for the top 20 stocks was 20.2 quarters, while the top 10 stocks had an average holding period of 23.7 quarters [2] Notable Purchases and Sales - Significant increases in holdings were observed in Amazon (AMZN), Google (GOOGL), Broadcom (AVGO), and Meta (META) [7] - The top buys included SPDR S&P 500 ETF put options (SPY) and iShares Russell 2000 ETF put options (IWM) [6] - Major sell-offs included Apple call options (AAPL) and Invesco QQQ Trust put options (QQQ) [5][6]