SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Penserra Capital Management LLC

CIK 0001593324 · 4 ORINDA WAY, SUITE 100-A, ORINDA, CA, 94563 · 646-459-0581

Reported Value
$8.4B
Q4 2025
Positions
1,548
Filings on Record
30
2019–present window
Filed
Feb 12, 2026
original filing

Summary

Penserra Capital Management LLC reported $8.4B in U.S.-listed holdings across 1,548 positions for Q4 2025.

Its largest position, PDEC, represents 11.5% of the portfolio.

Compared with Q3 2025, the fund opened 121 new positions and exited 93.

Portfolio Metrics

Turnover
+11.4%
vs prior filed quarter
Top-10 Concentration
+26.8%
share of reported value
Largest Position
+11.5%
Innovator Etfs
New / Exited
121 / 93
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: $1.0BQ4 ’18Q1 ’19: $1.2BQ2 ’19: $1.3BQ3 ’19: $1.2BQ4 ’19: $1.5BQ4 ’19Q1 ’20: $1.5BQ2 ’20: $1.9BQ3 ’20: $2.6BQ4 ’20: $4.2BQ4 ’20Q1 ’21: $5.4BQ2 ’21: $5.5BQ3 ’21: $4.8BQ4 ’21: $4.7BQ4 ’21Q1 ’22: $4.2BQ2 ’22: $3.7BQ3 ’22: $3.5BQ1 ’23: $4.8BQ1 ’23Q2 ’23: $5.1BQ3 ’23: $4.8BQ4 ’23: $5.3BQ1 ’24: $8.0BQ1 ’24Q2 ’24: $7.9BQ3 ’24: $4.6BQ4 ’24: $5.5BQ1 ’25: $5.6BQ1 ’25Q2 ’25: $7.2BQ3 ’25: $8.4BQ4 ’25: $8.4BQ1 ’26: $8.5BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 65.0%ETP: 20.2%Closed-End Fund: 7.8%ADR: 3.4%REIT: 1.5%Other: 2.1%
  • Common Stock · 65.0% · $5.5B
  • ETP · 20.2% · $1.7B
  • Closed-End Fund · 7.8% · $660M
  • ADR · 3.4% · $284M
  • REIT · 1.5% · $130M
  • Other · 2.1% · $175M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BTQBTQ TECHNOLOGIES CORPNEW+6.01M6.01M+$31M$31M
MBBISHARES TRNEW+264.8K264.8K+$25M$25M
MGKVANGUARD WORLD FDNEW+42.1K42.1K+$17M$17M
VYMVANGUARD WHITEHALL FDSNEW+119.4K119.4K+$17M$17M
DBMFLITMAN GREGORY FDS TRNEW+531.9K531.9K+$15M$15M
IEFISHARES TRNEW+123.1K123.1K+$12M$12M
SPDR SERIES TRUSTNEW+207.6K207.6K+$10M$10M
FIGSFIGS INCNEW+450.6K450.6K+$5M$5M

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

Holdings — Q4 2025

409 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PDECINNOVATOR ETFS TRUSTUS EQTY PWR BUF · US EQTY PWR BF · US EQT PWR BUF · US EQTY BUFR JAN · US EQTY BUF DEC · US EQTY BUFR FEB · US EQTY BUFR MAR · US EQTY BUFR JUL · US EQUT BUFR AUG · US EQTY BUF OCT · US EQTY BUF SEP · US EQTY BUFR JUN · US EQTY BUFR MAY · US EQT BUFR APR · US EQTY BUF NOV11.51%$969M21.96M
2AVGOBROADCOM INChistory →COM2.53%$213M614.1K
3CSCOCISCO SYS INChistory →COM2.41%$203M2.63M
4NOCNORTHROP GRUMMAN CORPhistory →COM1.84%$155M272.1K
5VGSHVANGUARD SCOTTSDALE FDSSHORT TERM TREAS · INT-TERM CORP1.68%$141M2.26M
6NETCLOUDFLARE INChistory →CL A COM1.67%$141M713.7K
7PANWPALO ALTO NETWORKS INChistory →COM1.37%$115M625.6K
8GDGENERAL DYNAMICS CORPhistory →COM1.32%$111M329.9K
9CRWDCROWDSTRIKE HLDGS INChistory →CL A1.29%$109M232.2K
10FTNTFORTINET INChistory →COM1.21%$102M1.28M
11FFIVF5 INChistory →COM1.20%$101M396.8K
12RBRKRUBRIK INC.history →CL A1.18%$99M1.30M
13SPYMSPDR SERIES TRUSTSTATE STREET SPD1.17%$98M1.39M
14OKTAOKTA INChistory →CL A1.12%$94M1.09M
15GENGEN DIGITAL INChistory →COM1.09%$92M3.39M
16CHKPCHECK POINT SOFTWARE TECH LThistory →ORD1.09%$92M493.6K
17VXUSVANGUARD STAR FDShistory →VG TL INTL STK F1.06%$90M1.19M
18ZSZSCALER INChistory →COM1.03%$87M387.1K
19NVDANVIDIA CORPORATIONhistory →COM1.00%$85M453.3K
20RADWARE LTDORD0.90%$75M3.13M
21ATENA10 NETWORKS INChistory →COM0.90%$75M4.26M
22VRNSVARONIS SYS INChistory →COM0.89%$75M2.28M
23SSENTINELONE INChistory →CL A0.87%$73M4.86M
24QLYSQUALYS INChistory →COM0.86%$73M547.1K
25VTVVANGUARD INDEX FDSVALUE ETF · GROWTH ETF0.84%$71M263.5K
26VGKVANGUARD INTL EQUITY INDEX FFTSE EUROPE ETF · FTSE PACIFIC ETF · FTSE EMR MKT ETF0.80%$67M882.0K
27TENBTENABLE HLDGS INChistory →COM0.77%$65M2.76M
28BSVVANGUARD BD INDEX FDSSHORT TRM BOND · INTERMED TERM0.74%$62M787.7K
29RPDRAPID7 INChistory →COM0.73%$61M4.04M
30FSLYFASTLY INChistory →CL A0.71%$59M5.83M
31ORCLORACLE CORPhistory →COM0.70%$59M300.7K
32QCOMQUALCOMM INChistory →COM0.68%$58M336.5K
33NOKNOKIA CORPhistory →SPONSORED ADR0.68%$57M8.88M
34MUMICRON TECHNOLOGY INChistory →COM0.64%$53M187.4K
35MRVLMARVELL TECHNOLOGY INChistory →COM0.62%$52M616.4K
36RTXRTX CORPORATIONhistory →COM0.57%$48M262.8K
37ALABASTERA LABS INChistory →COM0.57%$48M289.1K
38AMDADVANCED MICRO DEVICES INChistory →COM0.56%$47M219.5K
39LRCXLAM RESEARCH CORPhistory →COM NEW0.56%$47M274.0K
40MBBISHARES TRMBS ETF · 7-10 YR TRSY BD · CHINA LG-CAP ETF0.54%$46M614.9K
41LMTLOCKHEED MARTIN CORPhistory →COM0.54%$46M94.2K
42GOOGLALPHABET INChistory →CAP STK CL A0.54%$46M145.5K
43MSFTMICROSOFT CORPhistory →COM0.54%$45M93.9K
44SNOWSNOWFLAKE INChistory →COM SHS0.54%$45M206.0K
45CRMSALESFORCE INChistory →COM0.53%$45M169.8K
46AAPLAPPLE INChistory →COM0.53%$45M165.3K
47HONHONEYWELL INTL INChistory →COM0.53%$45M229.7K
48IBMINTERNATIONAL BUSINESS MACHShistory →COM0.51%$43M145.7K
49NTNXNUTANIX INChistory →CL A0.51%$43M834.0K
50COHRCOHERENT CORPhistory →COM0.50%$42M229.0K
51PLTRPALANTIR TECHNOLOGIES INChistory →CL A0.50%$42M236.0K
52BIDUBAIDU INChistory →SPON ADR REP A0.49%$41M316.8K
53SNPSSYNOPSYS INChistory →COM0.47%$39M83.9K
54ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.47%$39M146.7K
55STMSTMICROELECTRONICS N Vhistory →NY REGISTRY0.47%$39M1.52M
56ONON SEMICONDUCTOR CORPhistory →COM0.47%$39M724.9K
57WITWIPRO LTDhistory →SPON ADR 1 SH0.47%$39M13.82M
58MDBMONGODB INChistory →CL A0.47%$39M93.4K
59KLACKLA CORPhistory →COM NEW0.47%$39M32.2K
60TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS0.46%$39M128.8K
61QBTSD-WAVE QUANTUM INChistory →COM0.46%$39M1.49M
62ARMARM HOLDINGS PLChistory →SPONSORED ADS0.46%$39M354.1K
63ADIANALOG DEVICES INChistory →COM0.46%$38M141.8K
64AMATAPPLIED MATLS INChistory →COM0.46%$38M149.5K
65TDCTERADATA CORP DELhistory →COM0.46%$38M1.26M
66ESTCELASTIC N Vhistory →ORD SHS0.45%$38M506.4K
67ASMLFASML HOLDING N Vhistory →N Y REGISTRY SHS0.45%$38M35.7K
68TXNTEXAS INSTRS INChistory →COM0.45%$38M219.8K
69MKSIMKS INC.history →COM0.45%$38M237.9K
70HPEHEWLETT PACKARD ENTERPRISE Chistory →COM0.45%$38M1.58M
71TERTERADYNE INChistory →COM0.45%$38M195.8K
72NXPINXP SEMICONDUCTORS N Vhistory →COM0.45%$38M173.1K
73MCHPMICROCHIP TECHNOLOGY INC.history →COM0.45%$37M588.2K
74LSCCLATTICE SEMICONDUCTOR CORPhistory →COM0.45%$37M509.4K
75CRUSCIRRUS LOGIC INChistory →COM0.44%$37M316.0K
76ONTOONTO INNOVATION INChistory →COM0.44%$37M237.2K
77TSEMTOWER SEMICONDUCTOR LTDhistory →SHS NEW0.44%$37M315.7K
78RDNTRADNET INChistory →COM0.44%$37M517.8K
79CDNSCADENCE DESIGN SYSTEM INChistory →COM0.44%$37M118.1K
80BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS0.44%$37M251.5K
81BAHBOOZ ALLEN HAMILTON HLDG CORhistory →CL A0.43%$36M429.4K
82INTCINTEL CORPhistory →COM0.43%$36M979.4K
83IONQIONQ INChistory →COM0.41%$35M773.0K
84RGTIRIGETTI COMPUTING INChistory →COMMON STOCK0.40%$34M1.53M
85NVECNVE CORPhistory →COM NEW0.39%$33M551.0K
86QUBTQUANTUM COMPUTING INChistory →COM0.39%$33M3.18M
87CRWVCOREWEAVE INChistory →COM CL A0.39%$32M453.0K
88BTQBTQ TECHNOLOGIES CORPhistory →COM0.37%$31M6.01M
89ARQIT QUANTUM INCCOM NEW0.36%$30M1.38M
90ASTSAST SPACEMOBILE INChistory →COM CL A0.32%$27M372.0K
91GSATGLOBALSTAR INChistory →COM NEW0.31%$26M429.7K
92XCEMCOLUMBIA ETF TR IIhistory →EM CORE EX ETF0.31%$26M673.8K
93HQHABRDN HEALTHCARE INVESTORShistory →SH BEN INT0.30%$25M1.32M
94QQQINVESCO QQQ TRhistory →UNIT SER 10.29%$24M39.7K
95BSTZBLACKROCK SCIENCE & TECHNOLOhistory →SHS BEN INT0.28%$23M1.03M
96XAODXABRDN TOTAL DYNAMIC DIVIDENDhistory →COM SH BEN INT0.27%$23M2.35M
97BMEZBLACKROCK HEALTH SCIENCES TEhistory →COM SHS0.26%$22M1.47M
98XLRESELECT SECTOR SPDR TRSTATE STREET REA · STATE STREET CON · STATE STREET TEC · STATE STREET FIN0.25%$21M394.3K
99ECATBLACKROCK ESG CAP ALLC TERMhistory →SHS BEN INT0.25%$21M1.36M
100BCATBLACKROCK CAP ALLOCATION TERhistory →COM0.24%$20M1.44M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$8.5B1,586May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$8.4B1,548Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$8.4B1,555Nov 4, 202513F-HRchanges · EDGAR ↗
Q2 2025$7.2B1,478Aug 6, 202513F-HRchanges · EDGAR ↗
Q1 2025$5.6B1,592Apr 29, 202513F-HRchanges · EDGAR ↗
Q4 2024$5.5B1,958Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$4.6B1,620Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$7.9B1,825Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$8.0B1,837May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$5.3B2,200Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$4.8B2,222Nov 15, 202313F-HRchanges · EDGAR ↗
Q2 2023$5.1B2,218Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$4.8B1,761Apr 24, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review1,791Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.5B1,231Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$3.7B1,680Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$4.2B1,833May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$4.7B1,703Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$4.8B1,812Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$5.5B1,652Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$5.4B1,350May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$4.2B1,258Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.6B1,322Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.9B1,220Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.5B1,263May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.5B1,354Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.2B1,413Nov 15, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.3B1,164Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.2B1,081May 8, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.0B887Feb 6, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 13 additional managers.

  • Guinness Atkinson Asset Management Inc028-12657
  • Kingsview Wealth Management, LLC028-19701
  • Capital Wealth Planning, LLC028-15439
  • Curi Capital, LLC028-11714
  • Innovator Capital Management, LLC028-18162
  • Amplify Investments, LLC028-17968
  • Hoya Capital Real Estate, LLC028-21631
  • Defiance ETFs, LLC
  • Beyond Advisors IC
  • Estate Counselors, LLC028-15056
  • Kelly Strategic Management, LLC028-24113
  • Waverly Advisors, LLC028-15191
  • ProcureAM, LLC

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 ↗.