SEC 13F Intelligence

Managers / Q3 2025 · view latest →

ACADIAN ASSET MANAGEMENT LLC

CIK 0000916542 · 260 FRANKLIN STREET, BOSTON, MA, 02110 · 617-850-3500

Reported Value
$57.3B
Q3 2025
Positions
1,819
Filings on Record
30
2019–present window
Filed
Nov 13, 2025
original filing

Summary

Acadian Asset Management LLC reported $57.3B in U.S.-listed holdings across 1,819 positions for Q3 2025.

Its largest position, NVDA, represents 5.7% of the portfolio.

Compared with Q2 2025, the fund opened 401 new positions and exited 243.

Portfolio Metrics

Turnover
+13.4%
vs prior filed quarter
Top-10 Concentration
+26.2%
share of reported value
Largest Position
+5.7%
Nvidia Corporation
New / Exited
401 / 243
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $20.2BQ4 ’18Q1 ’19: $23.2BQ2 ’19: $20.8BQ3 ’19: $23.4BQ4 ’19: $22.0BQ4 ’19Q1 ’20: $17.5BQ2 ’20: $23.2BQ3 ’20: $23.9BQ4 ’20: $25.9BQ4 ’20Q1 ’21: $25.7BQ2 ’21: $26.6BQ3 ’21: $26.2BQ4 ’21: $26.8BQ4 ’21Q1 ’22: $24.3BQ2 ’22: $19.6BQ3 ’22: $18.3BQ4 ’22: $20.3BQ4 ’22Q1 ’23: $22.8BQ2 ’23: $24.3BQ3 ’23: $23.9BQ4 ’23: $25.8BQ4 ’23Q1 ’24: $28.7BQ2 ’24: $32.5BQ3 ’24: $32.2BQ4 ’24: $34.5BQ4 ’24Q1 ’25: $35.4BQ2 ’25: $48.4BQ3 ’25: $57.3BQ4 ’25: $60.9BQ4 ’25Q1 ’26: $70.5Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 88.1%ADR: 9.7%Other: 1.1%REIT: 0.6%ETP: 0.4%Other: 0.1%
  • Common Stock · 88.1% · $50.5B
  • ADR · 9.7% · $5.5B
  • Other · 1.1% · $643M
  • REIT · 0.6% · $323M
  • ETP · 0.4% · $230M
  • Other · 0.1% · $78M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ARGXARGENX SENEW+62.8K62.8K+$46M$46M
EWTISHARES INCNEW+608.8K608.8K+$39M$39M
PSXPHILLIPS 66NEW+254.2K254.2K+$35M$35M
AEPAMERICAN ELEC PWR CO INCNEW+217.0K217.0K+$24M$24M
GLIBKGCI LIBERTY INCNEW+432.3K432.3K+$16M$16M
FASTFASTENAL CONEW+314.5K314.5K+$15M$15M
CSGPCOSTAR GROUP INCNEW+162.5K162.5K+$14M$14M
TTWOTAKE-TWO INTERACTIVE SOFTWARENEW+52.8K52.8K+$14M$14M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2025

494 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPORATIONhistory →COM5.74%$3.3B17.63M
2AAPLAPPLE INChistory →COM4.21%$2.4B9.47M
3MSFTMICROSOFT CORPhistory →COM3.31%$1.9B3.67M
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.96%$1.7B6.98M
5METAMETA PLATFORMS INChistory →CL A2.55%$1.5B1.99M
6AMZNAMAZON COM INChistory →COM2.33%$1.3B6.09M
7MAMASTERCARD INCORPORATEDhistory →CL A1.42%$816M1.43M
8BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A1.33%$761M1.42M
9BKNGBOOKING HOLDINGS INChistory →COM1.20%$687M127.2K
10JPMJPMORGAN CHASE & CO.history →COM1.18%$677M2.15M
11DEUTSCHE BANK A GNAMEN AKT1.15%$661M18.79M
12UBSUBS GROUP AGhistory →SHS1.10%$628M15.37M
13LOGILOGITECH INTL S Ahistory →SHS1.09%$626M5.74M
14AVGOBROADCOM LTDhistory →ORD SHS1.04%$594M1.80M
15ERICTELEFONAKTIEBOLAGET LM ERICShistory →ADR B SEK 101.01%$580M70.17M
16NFLXNETFLIX INChistory →COM1.00%$573M478.1K
17EAELECTRONIC ARTS INChistory →COM0.97%$558M2.77M
18BNSBANK NOVA SCOTIA HALIFAXhistory →COM0.96%$553M8.55M
19SUSUNCOR ENERGY INC NEWhistory →COM0.94%$538M12.85M
20CCITIGROUP INChistory →COM NEW0.93%$532M5.24M
21INFYINFOSYS LTDhistory →SPONSORED ADR0.92%$526M32.36M
22MCKMCKESSON CORPhistory →COM0.92%$525M679.4K
23ABTABBOTT LABShistory →COM0.90%$517M3.86M
24BCSBARCLAYS PLChistory →ADR0.85%$487M23.55M
25SPOTSPOTIFY TECHNOLOGY S Ahistory →SHS0.85%$485M694.7K
26JNJJOHNSON & JOHNSONhistory →COM0.83%$475M2.56M
27CLCOLGATE PALMOLIVE COhistory →COM0.82%$472M5.90M
28ZMZOOM COMMUNICATIONS INChistory →CL A0.81%$461M5.59M
29SESEA LTDhistory →SPONSORD ADS0.77%$443M2.48M
30EBAYEBAY INC.history →COM0.76%$438M4.81M
31CSCOCISCO SYS INChistory →COM0.75%$431M6.30M
32TSLATESLA INChistory →COM0.70%$398M895.5K
33ADBEADOBE INChistory →COM0.69%$397M1.12M
34CHKPCHECK POINT SOFTWARE TECH LTDhistory →ORD0.69%$393M1.90M
35INTUINTUIThistory →COM0.69%$393M574.8K
36BMOBANK MONTREAL QUEhistory →COM0.68%$390M2.99M
37ABNBAIRBNB INChistory →COM CL A0.68%$388M3.20M
38QCOMQUALCOMM INChistory →COM0.66%$380M2.29M
39CMCSACOMCAST CORP NEWhistory →CL A0.63%$361M11.49M
40CRMSALESFORCE INChistory →COM0.62%$357M1.51M
41WIXWIX COM LTDhistory →SHS0.62%$355M2.00M
42TAT&T INChistory →COM0.58%$330M11.70M
43REGNREGENERON PHARMACEUTICALShistory →COM0.57%$329M584.5K
44VIPSVIPSHOP HLDGS LTDhistory →SPONSORED ADS A0.57%$326M16.60M
45FFIVF5 INChistory →COM0.57%$326M1.01M
46COSTCOSTCO WHSL CORP NEWhistory →COM0.54%$309M333.5K
47VVISA INChistory →COM CL A0.53%$306M896.4K
48TDTORONTO DOMINION BK ONThistory →COM NEW0.53%$304M3.80M
49VEEVVEEVA SYS INChistory →CL A COM0.52%$297M998.2K
50AUANGLOGOLD ASHANTI PLChistory →COM SHS0.52%$295M4.20M
51ABBVABBVIE INChistory →COM0.48%$277M1.20M
52LRCXLAM RESEARCH CORPhistory →COM0.46%$261M1.95M
53CTASCINTAS CORPhistory →COM0.43%$248M1.21M
54GWWGRAINGER W W INChistory →COM0.42%$242M254.5K
55VZVERIZON COMMUNICATIONS INChistory →COM0.41%$234M5.33M
56ROKUROKU INChistory →COM CL A0.40%$227M2.27M
57MDBMONGODB INChistory →CL A0.39%$226M727.9K
58DBXDROPBOX INChistory →CL A0.39%$225M7.46M
59PGPROCTER AND GAMBLE COhistory →COM0.39%$223M1.45M
60CVLTCOMMVAULT SYS INChistory →COM0.37%$212M1.12M
61MCOMOODYS CORPhistory →COM0.36%$206M431.6K
62BZKANZHUN LIMITEDhistory →SPONSORED ADS0.34%$195M8.35M
63ASMLASML HOLDING N Vhistory →N Y REGISTRY SHS0.33%$191M197.3K
64INCYINCYTE CORPhistory →COM0.33%$190M2.24M
65RBLXROBLOX CORPhistory →CL A0.32%$186M1.34M
66MRKMERCK & CO INChistory →COM0.32%$185M2.20M
67PEPPEPSICO INChistory →COM0.32%$181M1.29M
68PLTRPALANTIR TECHNOLOGIES INChistory →CL A0.31%$180M989.3K
69DASHDOORDASH INChistory →CL A0.31%$175M644.8K
70AZNNASTRAZENECA PLChistory →SPONSORED ADR0.29%$163M2.13M
71JXNJACKSON FINANCIAL INChistory →COM CL A0.28%$163M1.61M
72BACBANK AMERICA CORPhistory →COM0.28%$163M3.15M
73CAHCARDINAL HEALTH INChistory →COM0.28%$162M1.03M
74MUMICRON TECHNOLOGY INChistory →COM0.27%$157M941.2K
75LLYELI LILLY & COhistory →COM0.27%$157M205.4K
76IEFAISHARES TRCORE MSCI EAFE · MSCI EMG MKT ETF · MSCI INDIA ETF · MSCI EAFE ETF0.27%$156M2.45M
77TELTE CONNECTIVITY PLChistory →ORD SHS0.27%$154M703.0K
78KMBKIMBERLY-CLARK CORPhistory →COM0.26%$150M1.21M
79GE AEROSPACECOM NEW0.26%$149M495.2K
80TMUST-MOBILE US INChistory →COM0.26%$147M615.1K
81PDDPDD HOLDINGS INChistory →SPONSORED ADS0.25%$146M1.11M
82ORCLORACLE CORPhistory →COM0.25%$145M517.1K
83BPBP PLChistory →SPONSORED ADR0.25%$145M4.21M
84BBDBANCO BRADESCO S Ahistory →SP ADR PFD NEW0.25%$145M42.86M
85BOXBOX INChistory →CL A0.25%$144M4.45M
86ECLECOLAB INChistory →COM0.25%$143M523.9K
87QFINQFIN HOLDINGS INChistory →AMERICAN DEP0.25%$141M4.90M
88NYTNEW YORK TIMES COhistory →CL A0.24%$140M2.44M
89FTNTFORTINET INChistory →COM0.24%$139M1.66M
90BMYBRISTOL-MYERS SQUIBB COhistory →COM0.24%$139M3.08M
91PMPHILIP MORRIS INTL INChistory →COM0.23%$134M828.5K
92ETSYETSY INChistory →COM0.23%$134M2.02M
93EQHEQUITABLE HLDGS INChistory →COM0.23%$133M2.61M
94WMWASTE MGMT INC DELhistory →COM0.23%$131M593.0K
95ADPAUTOMATIC DATA PROCESSING INChistory →COM0.23%$131M445.1K
96MRSHMARSH & MCLENNAN COS INChistory →COM0.22%$127M629.5K
97BAPCREDICORP LTDhistory →COM0.22%$126M474.9K
98MSMORGAN STANLEYhistory →COM NEW0.22%$124M777.1K
99SIMOSILICON MOTION TECHNOLOGY COhistory →SPONSORED ADR0.22%$123M1.30M
100AYIACUITY INChistory →COM0.21%$123M357.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$70.5B2,011May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$60.9B1,959Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$57.3B1,819Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$48.4B1,661Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$35.4B1,602May 21, 202513F-HRchanges · EDGAR ↗
Q4 2024$34.5B1,610Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$32.2B2,074Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$32.5B1,754Aug 6, 202413F-HRchanges · EDGAR ↗
Q1 2024$28.7B1,570May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$25.8B1,679Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$23.9B1,639Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$24.3B1,726Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$22.8B1,743May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$20.3B1,780Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$18.3B1,675Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$19.6B1,685Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$24.3B1,640May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$26.8B1,668Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$26.2B1,696Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$26.6B1,981Aug 11, 202113F-HRchanges · EDGAR ↗
Q1 2021$25.7B2,039May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$25.9B2,193Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$23.9B2,155Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$23.2B2,214Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$17.5B1,788May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$22.0B1,825Feb 6, 202013F-HRchanges · EDGAR ↗
Q3 2019$23.4B1,880Nov 7, 201913F-HRchanges · EDGAR ↗
Q2 2019$20.8B1,737Aug 8, 201913F-HRchanges · EDGAR ↗
Q1 2019$23.2B1,951May 9, 201913F-HRchanges · EDGAR ↗
Q4 2018$20.2B1,722Feb 7, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • RUSSELL FRANK CO/028-01190
  • Acadian Inc028-11931

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.