§ 13F · FUND PROFILE
Rafferty Asset Management, LLC.
Leveraged/inverse ETFs, momentum products
AUM · $30.8B (13F)Positions · 1104Turnover · 100% · Q1Filed · May 15, 2026
CONCENTRATION
36%
Top 10 holdings
NEW BUYS
+27
+$31M deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → SEMICONDUCTORS
-2pp · +2pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 15, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | TLT | ISHARES TR | 23.04M | $2.0B | 8.1% | −24% |
| 2 | NVDA | NVIDIA CORPORATION | 7.68M | $1.3B | 5.4% | −12% |
| 3 | IWM | ISHARES TR | 3.66M | $907M | 3.7% | −27% |
| 4 | AVGO | BROADCOM INC | 2.88M | $890M | 3.6% | +9% |
| 5 | MU | MICRON TECHNOLOGY INC | 2.30M | $776M | 3.1% | −15% |
| 6 | TSLA | TESLA INC | 1.74M | $646M | 2.6% | +27% |
| 7 | AMD | ADVANCED MICRO DEVICES INC | 2.98M | $606M | 2.5% | −20% |
| 8 | EWY | ISHARES INC | 4.56M | $560M | 2.3% | +272% |
| 9 | GDX | VANECK ETF TRUST | 6.00M | $551M | 2.2% | −15% |
| 10 | AMAT | APPLIED MATLS INC | 1.57M | $536M | 2.2% | −32% |
§ 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 $30.8 billion in assets. The fund runs a massive portfolio of 1,104 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
2 FILINGS
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
Q1 2025
Busy quarter
+1058 buys · −0 exits · 0 changed