Skip to main content
Livermore
Livermore
ZHEN

Waddell & Associates, LLC

SEC CIK
0001776757
Latest filing
Jul 15, 2026

The latest 13F from Waddell & Associates, LLC covers Q2 2026 (filed Jul 15, 2026): 543 long positions worth $2.02B. The top 10 holdings make up 63.3% of the portfolio, and the largest is FedEx Corp (FDX) at 21.2%. Livermore has 24 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
137
Est. +$149.7M
Added
196
Est. +$46.8M
Reduced
168
Est. −$34.0M
Sold out
43
Est. −$13.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. FDXFedEx Corp
    21.2%$429.1MHistory
  2. Global X FDS37954Y673
    5.7%$115.7M
  3. Schwab Fundamental U.S. Small Company ETF808524763
    5.5%$110.2M
  4. MDYSPDR S&P Midcap 400 ETF Trust
    5.4%$108.8MHistory
  5. FDXFFedEx Freight Holding Company, Inc.
    5.1%$103.5MHistory

Share of portfolio

Top 5 holdings and the other 538 positions, by share of portfolio value

  1. FDX21.2%
  2. Global X FDS5.7%
  3. Schwab Fundamental U.S. Small Company ETF5.5%
  4. MDY5.4%
  5. FDXF5.1%
  6. Other 538 positions57.1%

Biggest buys

New and added positions, by estimated amount bought

  1. FDXFFedEx Freight Holding Company, Inc.
    +$103.5MNewHistory
  2. NVDANVIDIA Corp
    +$2.21MAddedHistory
  3. AAPLApple Inc.
    +$1.70MAddedHistory
  4. RCATRed Cat Holdings, Inc.
    +$1.68MAddedHistory
  5. Global X FDS37954Y574
    +$1.65MAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. FDXFFedEx Freight Holding Company, Inc.
    +5.12 pp0.0% → 5.1%History
  2. Direxion Shares ETF Trust25459Y207
    +0.21 pp2.4% → 2.6%
  3. Schwab Fundamental U.S. Small Company ETF808524763
    +0.17 pp5.3% → 5.5%
  4. Abrdn FDS00384X301
    +0.17 pp2.1% → 2.3%
  5. NVDANVIDIA Corp
    +0.11 pp0.7% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. FDXFedEx Corp
    −$9.94MReducedHistory
  2. DHRDanaher Corp
    −$1.20MReducedHistory
  3. BKNGBooking Holdings Inc.
    −$1.05MReducedConverted for a 25-for-1 splitHistory
  4. INTCIntel Corp
    −$936.8KReducedHistory
  5. HONHoneywell International Inc
    −$932.8KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. FDXFedEx Corp
    −6.95 pp28.2% → 21.2%History
  2. Pacer FDS Tr69374H709
    −0.98 pp5.4% → 4.4%
  3. PSLVSprott Physical Silver Trust
    −0.13 pp0.4% → 0.3%History
  4. WMTWalmart Inc.
    −0.09 pp0.4% → 0.3%History
  5. DHRDanaher Corp
    −0.07 pp0.1% → <0.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.02B
+$248.7M (+14.0%) vs. prior quarter
Positions
543
+94 vs. prior quarter
Top 10 concentration
63.3%
Top 10 as share of value
Turnover
2.5%
Q2 2026, one quarter
Average holding period
12.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.02B (Q2 2026)

Q1 2021: $487.3MQ2 2021: $578.3MQ3 2021: $587.3MQ4 2021: $630.7MQ1 2022: $623.0MQ2 2022: $491.0MQ3 2022: $516.7MQ4 2022: $597.2MQ1 2023: $639.7MQ2 2023: $681.1MQ3 2023: $683.6MQ4 2023: $743.5MQ1 2024: $739.8MQ2 2024: $760.0MQ3 2024: $822.1MQ4 2024: $981.0MQ1 2025: $823.6MQ2 2025: $936.8MQ3 2025: $1.18BQ4 2025: $1.48BQ1 2026: $1.77BQ2 2026: $2.02B
Q1 2021Q2 2026
13F filings of Waddell & Associates, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 15, 2026543$2.02BFDXGlobal X FDSSchwab Fundamental U.S. Small Company ETFvs. Q1 2026SEC
Q1 2026May 11, 2026449$1.77BFDXGlobal X FDSPacer FDS Trvs. Q4 2025SEC
Q4 2025Feb 11, 2026379$1.48BFDXGlobal X FDSMDYvs. Q3 2025SEC
Q3 2025Nov 10, 2025325$1.18BFDXGlobal X FDSMDYvs. Q2 2025SEC
Q2 2025Aug 12, 2025243$936.8MMDYGlobal X FDSWisdomTree Trvs. Q1 2025SEC
Q1 2025May 14, 2025Amended159$823.6MMDYWisdomTree TrSchwab Fundamental U.S. Small Company ETFvs. Q4 2024SEC
Q4 2024May 14, 2025Amended154$981.0MRCATMDYSchwab Fundamental U.S. Small Company ETFvs. Q3 2024SEC
Q3 2024Nov 12, 2024150$822.1MMDYSchwab Fundamental U.S. Small Company ETFWisdomTree Trvs. Q2 2024SEC
Q2 2024Aug 6, 2024138$760.0MMDYSchwab Fundamental U.S. Small Company ETFWisdomTree Trvs. Q1 2024SEC
Q1 2024May 8, 2024140$739.8MMDYSchwab Fundamental U.S. Small Company ETFWisdomTree Trvs. Q4 2023SEC
Q4 2023Feb 14, 2024147$743.5MMDYSchwab Fundamental U.S. Small Company ETFWisdomTree Trvs. Q3 2023SEC
Q3 2023Nov 7, 2023172$683.6MMDYSchwab Fundamental U.S. Small Company ETFWisdomTree Trvs. Q2 2023SEC
Q2 2023Aug 7, 2023168$681.1MMDYSchwab Fundamental U.S. Small Company ETFWisdomTree Trvs. Q1 2023SEC
Q1 2023May 10, 2023156$639.7MMDYSchwab Fundamental U.S. Small Company ETFDoubleline ETF Trustvs. Q4 2022SEC
Q4 2022Feb 10, 2023143$597.2MMDYSchwab Fundamental U.S. Small Company ETFWisdomTree Trvs. Q3 2022SEC
Q3 2022Nov 2, 2022140$516.7MMDYSchwab Fundamental U.S. Small Company ETFVanguard Total World Stock ETFvs. Q2 2022SEC
Q2 2022Jul 27, 2022142$491.0MMDYWisdomTree TrSchwab Fundamental U.S. Small Company ETFvs. Q1 2022SEC
Q1 2022Apr 21, 2022130$623.0MMDYVanguard Total World Stock ETFiShares Trvs. Q4 2021SEC
Q4 2021Feb 1, 2022117$630.7MiShares MSCI USA Quality Factor ETFMDYVanguard Total World Stock ETFvs. Q3 2021SEC
Q3 2021Nov 10, 2021109$587.3MiShares MSCI USA Quality Factor ETFMDYVanguard Total World Stock ETFvs. Q2 2021SEC
Q2 2021Aug 16, 2021116$578.3MiShares MSCI USA Quality Factor ETFMDYVanguard Total World Stock ETFvs. Q1 2021SEC
Q1 2021May 14, 202122$487.3MMDYiShares MSCI USA Quality Factor ETFVanguard Total World Stock ETF–SEC