§ 13F · FUND PROFILE
Rafferty Asset Management, LLC.
Leveraged/inverse ETFs, momentum products
AUM · $43.9B (13F)Positions · 1133Turnover · 100% · Q1Filed · Aug 14, 2026
CONCENTRATION
36%
Top 10 holdings
NEW BUYS
+27
+$104M deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → SEMICONDUCTORS
-2pp · +2pp
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED AUG 14, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | MU | MICRON TECHNOLOGY INC | 3.08M | $3.6B | 8.1% | +34% |
| 2 | NVDA | NVIDIA CORPORATION | 12.79M | $2.6B | 5.8% | +67% |
| 3 | AMD | ADVANCED MICRO DEVICES INC | 3.46M | $2.0B | 4.6% | +16% |
| 4 | AVGO | BROADCOM INC | 4.48M | $1.7B | 3.9% | +56% |
| 5 | INTC | INTEL CORP | 11.13M | $1.6B | 3.5% | +26% |
| 6 | TLT | ISHARES TR | 17.25M | $1.5B | 3.4% | −25% |
| 7 | AMAT | APPLIED MATLS INC | 1.93M | $1.4B | 3.2% | +23% |
| 8 | KLAC | KLA CORP | 4.34M | $1.3B | 3.0% | +1575% |
| 9 | MRVL | MARVELL TECHNOLOGY INC | 4.09M | $1.2B | 2.8% | −4% |
| 10 | LRCX | LAM RESEARCH CORP | 2.77M | $1.2B | 2.7% | +55% |
§ 02 · SECTOR ALLOCATION
Where the money is
Semiconductors39.4% (+2pp)
Other20.4% (±0)
Technology8.1% (−2pp)
Financial Services3.3% (−1pp)
Banking3.2% (±0)
Energy2.9%
§ 03 · THE RAFFERTY SIGNAL
AC read
Rafferty Asset Management, LLC is a Growth / Momentum fund managing $43.9 billion in assets. The fund runs a massive portfolio of 1,133 positions, broad diversification across holdings, with the top 10 accounting for 36%. Trading activity is aggressive at 100% quarterly turnover, with 27 new positions and 0 exits last quarter. Top sector allocations: Semiconductors (39%), Other (20%), Technology (8%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
3 OF 2 FILINGS MEASURED
Q1 2026
Busy quarter
+27 buys · −0 exits · 1028 changed
Q4 2025
Busy quarter
+80 buys · −0 exits · 1051 changed
Q3 2025
Busy quarter
+1104 buys · −0 exits · 0 changed