§ DESK · SMART MONEY
Who is buying what.
Real-time 13F aggregates, insider clusters, and fund-of-funds flow. We surface the moves that matter and flag the ones that are just noise.
Tracking · 56 funds · $22.9T AUMLast 13F · Q1 · Filed Mar 31Signal freshness · Live
MOODMarket Regime:Risk-On (+0.31)+0.04 vs prior
CONVICTION BUY
—
Awaiting filings
CONVICTION SELL
—
Awaiting filings
INSIDER CLUSTER
SPG
11 officers bought 143 sh · 47D AGO
CROWDING RISK
—
Awaiting filings
§ 01 · TOP BUYS THIS QUARTER
Where conviction is going
Q1 · Δ POSITION
| Ticker | Name | Top holders | Δ Shares | $ flow | Trend |
|---|---|---|---|---|---|
| Awaiting the next 13F filing cycle. | |||||
§ 02 · TOP SELLS
Quiet exits
| Ticker | Δ $ | Trend |
|---|---|---|
| Awaiting the next filing cycle. | ||
§ 04 · THE BEHAVIORAL PRESSURE DOSSIER
What nobody wants to say out loud.
◇ AC DESK · POSITIONING
Everyone already owns tech. The next move is the rotation nobody is positioned for.
Mag7 is 34% of the S&P 500 by weight and 44% of institutional portfolios by active share. We've seen this film before — 1999, 2021. The crowding itself becomes the trade. When the unwind comes, it won't come from news. It will come from a single fund deciding it has too much, and the rest following.
§ 05 · FUNDS WE WATCH
The ones we actually learn from
Appaloosa
BIG MOVETEPPER · $7.4B AUM
Cut Mag7 33%, opened new $412M energy basket. The biggest pivot since 2022.
YTD · +14.2%FILED 139D AGO
Pershing Square
ROUTINEACKMAN · $17.4B AUM
Added to CMG, trimmed HLT, no new positions. Concentrated book, no drama.
YTD · +9.8%FILED 139D AGO
Scion
BEARISHBURRY · $1.4B AUM
Added regional-bank puts, long gold miners. Classic Burry tape-reading.
YTD · −4.1%FILED 321D AGO
Greenlight
ROUTINEEINHORN · $2.1B AUM
Reiterated GM short, added to coal. Classic value cheat code.
YTD · +11.5%FILED 139D AGO
§ 06 · WHO'S WHO · FUND TYPES
Browse by strategy
56 FUNDS · $22.9T AUM
DEALER / BANK
358 fundsTop · —
BROWSE →
INCOME / DEFENSIVE
222 fundsTop · —
BROWSE →
QUALITY / COMPOUNDER
60 fundsTop · —
BROWSE →
SYSTEMATIC / QUANT
39 fundsTop · —
BROWSE →
PASSIVE / INDEX
34 fundsTop · —
BROWSE →
TACTICAL / MACRO
19 fundsTop · —
BROWSE →
DEEP VALUE
10 fundsTop · —
BROWSE →
ACTIVIST
6 fundsTop · —
BROWSE →
§ 07 · FRESH FILINGS
Last 48 hours
13F · 13D · FORM 4
| Time | Filer | Type | Subject | $ value | Our flag |
|---|---|---|---|---|---|
| FILED 139D AGO | PIMCO | 13F | — | — | ROUTINE |
| FILED 139D AGO | Millennium Management | 13F | — | — | ROUTINE |
| FILED 139D AGO | ARK Invest | 13F | — | — | ROUTINE |
| FILED 139D AGO | Pershing Square | 13F | — | — | ROUTINE |
| FILED 139D AGO | Bridgewater Associates | 13F | 1014 positions | $25.5B | ROUTINE |
| FILED 139D AGO | BlackRock | 13F | — | — | ROUTINE |