Rafferty Asset Management, LLC

Registered adviser

CIK

1389426

Location

New York, NY

Portfolio Value

Large $42,852,345,075

Diversification

Diversified

Files via

Hilton Capital Management, LLC

Filing Date

Global Rank

#207 / 8,817 ▲ 68

Top Industry

Semiconductors 52.5%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 112526

Roster of Oct 1, 2026

Regulatory AUM

$55,241,777,722

Main clients

Registered funds and BDCs (100% of AUM)

Registered funds advised

126 series (124 index, 118 ETFs)

$49,400,267,070 net assets· N-CEN Oct 31, 2025

Private funds on Schedule D 7.B.(1)

As filed Dec 3, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

No private funds listed.

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$55,241,777,722	Registered funds and BDCs (100%)
Aug 2025 to Mar 2026	$54,755,868,665	Registered funds and BDCs (100%)
Mar 2025 to Jul 2025	$47,076,254,479	Registered funds and BDCs (100%)
Jan 2025 to Feb 2025	$50,525,254,674	Registered funds and BDCs (100%)
Mar 2024 to Dec 2024	$38,303,627,764	Registered funds and BDCs (100%)
Jul 2023 to Feb 2024	$28,523,137,694	Registered funds and BDCs (100%)

8 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Index-like

Index series hold 98.8% of the $49,452,132,815 in registered funds it advises (80%+), equal to 114.0% of its 13F equity book (50%+), across 1,113 stocks (100+), N-CEN as of 2025-10-31

Turnover

Low turnover

12.6% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 24.1 quarters (12+), a floor since 83.8% of the book was already held when coverage starts

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 50.9%; sector active share 40.5% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

1,130 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.3%

−6.0 pts

Top 5

29.8%

−0.0 pts

Top 10

45.4%

+3.9 pts

HHI

289

Diversified−47

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	69.4%	$29,731,052,533	125
Unclassified	10.0%	$4,302,486,421	23
Financial Services	5.8%	$2,480,418,026	230
Consumer Cyclical	4.0%	$1,730,278,379	130
Industrials	2.5%	$1,082,208,950	143
Healthcare	2.5%	$1,069,325,838	249
Communication Services	2.5%	$1,055,123,212	28
Energy	1.2%	$503,251,571	55
Consumer Defensive	0.9%	$379,029,787	44
Utilities	0.5%	$213,259,614	32
Basic Materials	0.4%	$162,351,808	34
Real Estate	0.3%	$143,558,936	37

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	+5,114,821	12,793,123	$2,559,775,981
KLAC	Kla Corp	+4,080,422	4,339,579	$1,309,294,380
UMC	United Microelectronics Corp	+2,669,725	7,653,378	$208,248,415
INTC	Intel Corp	+2,324,454	11,127,772	$1,553,770,804
ASX	ASE Technology Holding Co., Ltd.	+1,941,218	5,521,348	$249,123,221
AVGO	Broadcom Inc.	+1,601,323	4,476,607	$1,691,038,294
AAPL	Apple Inc.	+1,280,845	3,391,118	$981,253,904
MCHP	Microchip Technology Inc	+1,197,556	5,207,670	$474,939,504
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+1,054,499	2,004,572	$957,323,450
LRCX	Lam Research Corp	+989,215	2,774,672	$1,202,348,617
GDX	VanEck Gold Miners ETF	+961,259	6,960,342	$525,157,803
TXN	Texas Instruments Inc	+897,692	2,761,559	$823,137,891
ON	On Semiconductor Corp	+878,562	3,704,862	$350,257,653
ADI	Analog Devices Inc	+875,830	1,975,036	$784,425,048
NXPI	NXP Semiconductors N.V.	+816,060	2,418,625	$679,706,183
MSFT	Microsoft Corp	+792,547	2,079,384	$775,651,819
MU	Micron Technology Inc	+785,149	3,081,122	$3,556,508,313
STM	STMicroelectronics N.V.	+753,946	2,158,374	$161,640,628
QCOM	Qualcomm Inc	+656,252	3,365,490	$621,908,897
EWY	iShares Trust	+537,212	5,093,198	$0
AMD	Advanced Micro Devices Inc	+478,380	3,455,156	$2,007,134,671
TER	Teradyne, Inc	+425,029	1,515,149	$733,089,692
PLTR	Palantir Technologies Inc.	+410,368	1,692,922	$197,513,209
CRDO	Credo Technology Group Holding Ltd	+391,041	1,515,415	$412,117,109
ALAB	Astera Labs, Inc.	+375,913	1,321,419	$638,271,805
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TLT	iShares 20+ Year Treasury Bond ETF	−5,792,035	17,250,388	$1,490,778,530
FXI	iShares China Large-Cap ETF	−834,937	10,150,781	$320,663,171
KOS	Kosmos Energy Ltd.	−562,365	785,365	$1,657,120
—		−544,637	4,494,602	$109,982,910
MNKD	Mannkind Corp	−344,760	236,770	$1,008,640
GERN	Geron Corp	−277,155	606,440	$776,243
RXRX	Recursion Pharmaceuticals, Inc.	−276,983	613,612	$2,251,956
VG	Venture Global, Inc.	−263,038	296,849	$3,303,929
CSGP	Costar Group, Inc.	−256,325	50,821	$1,439,250
EWZ	iShares MSCI Brazil ETF	−251,110	1,374,194	$47,409,693
IWM	iShares Russell 2000 ETF	−246,231	3,410,936	$1,024,815,721
CRGY	Crescent Energy Co	−239,414	336,903	$3,308,387
ARDX	Ardelyx, Inc.	−201,691	206,163	$1,051,431
GDXJ	VanEck Junior Gold Miners ETF	−200,974	1,231,566	$121,001,359
IBRX	ImmunityBio, Inc.	−198,988	346,416	$3,032,872
MRVL	Marvell Technology, Inc.	−164,512	4,090,492	$1,218,516,661
PR	Permian Resources Corp	−158,598	212,358	$3,909,510
ASHR	DBX ETF Trust	−156,888	1,067,840	$39,147,014
SANA	Sana Biotechnology, Inc.	−156,851	196,731	$686,591
TEAM	Atlassian Corp	−155,307	3,824	$297,468
SM	SM Energy Co	−152,019	120,168	$3,136,384
TSHA	Taysha Gene Therapies, Inc.	−145,197	154,706	$1,053,547
VLY	Valley National Bancorp	−142,441	247,529	$3,626,299
TSLA	Tesla, Inc.	−141,186	1,596,029	$671,289,797
CTSH	Cognizant Technology Solutions Corp	−139,245	157,006	$6,080,842
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
NBIS	Nebius Group N.V.	59,921	$16,548,382
HONA	Honeywell Aerospace Inc.	59,747	$13,208,866
LPX	Louisiana-Pacific Corp	61,154	$4,810,373
FDXF	FedEx Freight Holding Company, Inc.	12,691	$1,916,341
SOFI	SoFi Technologies, Inc.	90,071	$1,614,973
CBC	Central Bancompany, Inc.	47,285	$1,436,518
DEC	Diversified Energy Co	79,341	$1,099,666
AVTX	Avalo Therapeutics, Inc.	56,411	$1,042,475
JBIO	Jade Biosciences, Inc.	42,629	$947,216
BABA	Alibaba Group Holding Ltd	9,576	$919,104
NUAI	New ERA Energy & Digital, Inc.	133,731	$853,203
CARE	Carter Bankshares, Inc.	21,471	$730,228
SLDB	Solid Biosciences Inc.	71,779	$717,072
HBCP	Home Bancorp, Inc.	9,086	$622,572
SFST	Southern First Bancshares Inc	9,952	$608,067
IMMX	Immix Biopharma, Inc.	58,486	$602,990
CADL	Candel Therapeutics, Inc.	56,260	$579,478
RRBI	Red River Bancshares Inc	5,947	$542,842
TRAX	First Tracks Biotherapeutics, Inc.	25,861	$520,323
DMRA	Damora Therapeutics, Inc.	19,874	$516,922
MPLT	MapLight Therapeutics, Inc.	13,853	$496,491
BFST	Business First Bancshares, Inc.	15,005	$461,103
CABA	Cabaletta Bio, Inc.	146,107	$454,392
FMNB	Farmers National Banc Corp	30,443	$444,467
CWBC	Community West Bancshares	16,409	$440,745
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
ZS	Zscaler, Inc.	75,173	$10,546,020
EPAM	EPAM Systems, Inc.	14,519	$1,965,872
RCKT	Rocket Pharmaceuticals, Inc.	141,212	$505,538
AKBA	Akebia Therapeutics, Inc.	327,110	$454,682
CAG	Conagra Brands Inc.	28,633	$450,110
AVXL	Anavex Life Sciences Corp.	143,750	$441,312
POOL	Pool Corp	2,060	$416,799
IVVD	Invivyd, Inc.	306,290	$398,177
CRCL	Circle Internet Group, Inc.	3,121	$297,774
CPB	CAMPBELL'S Co	11,776	$262,251
WULF	Terawulf Inc.	15,678	$226,233
CDRE	Cadre Holdings, Inc.	7,346	$225,375
BLSH	Bullish	5,637	$201,410
CORZ	Core Scientific, Inc.	11,603	$173,580
CIFR	Cipher Digital Inc.	13,052	$167,979
SWBI	Smith & Wesson Brands, Inc.	11,321	$162,229
IREN	IREN Ltd	4,242	$145,415
MARA	MARA Holdings, Inc.	10,458	$85,337
KEEL	Keel Infrastructure Corp.	22,373	$43,627
BTBT	Bit Digital, Inc	12,111	$15,865
GNK	Genco Shipping & Trading Ltd	605	$13,642
—		73,267	$0
—		369,415	$0
—		39,441	$0
—		120,123	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,130 tracked positions · $42,852,345,075 total · filing declares 1,133 positions · $43,915,729,091 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,130 positions by value · page 1 of 23

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
MU	Micron Technology Inc Technology	Added	3,081,122	+785,149	$3,556,508,313	+358.5%	26+	before history	8.30%
NVDA	Nvidia Corp Technology	Added	12,793,123	+5,114,821	$2,559,775,981	+91.2%	26+	before history	5.97%
AMD	Advanced Micro Devices Inc Technology	Added	3,455,156	+478,380	$2,007,134,671	+231.4%	26+	before history	4.68%
AVGO	Broadcom Inc. Technology	Added	4,476,607	+1,601,323	$1,691,038,294	+90.0%	26+	before history	3.95%
INTC	Intel Corp Technology	Added	11,127,772	+2,324,454	$1,553,770,804	+300.0%	26+	before history	3.63%
TLT	iShares 20+ Year Treasury Bond ETF	Reduced	17,250,388	-5,792,035	$1,490,778,530	−25.4%	26+	before history	3.48%
AMAT	Applied Materials Inc Technology	Added	1,931,172	+362,611	$1,396,237,356	+160.4%	26+	before history	3.26%
KLAC	Kla Corp Technology	Added	4,339,579	+4,080,422	$1,309,294,380	+243.1%	26+	before history	3.06%
MRVL	Marvell Technology, Inc. Technology	Reduced	4,090,492	-164,512	$1,218,516,661	+189.1%	21	$60.77	2.84%
LRCX	Lam Research Corp Technology	Added	2,774,672	+989,215	$1,202,348,617	+215.2%	26+	before history	2.81%
IWM	iShares Russell 2000 ETF	Reduced	3,410,936	-246,231	$1,024,815,721	+13.0%	26+	before history	2.39%
AAPL	Apple Inc. Technology	Added	3,391,118	+1,280,845	$981,253,904	+83.2%	26+	before history	2.29%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	2,004,572	+1,054,499	$957,323,450	+198.2%	26+	before history	2.23%
TXN	Texas Instruments Inc Technology	Added	2,761,559	+897,692	$823,137,891	+127.5%	26+	before history	1.92%
ADI	Analog Devices Inc Technology	Added	1,975,036	+875,830	$784,425,048	+124.3%	26+	before history	1.83%
MSFT	Microsoft Corp Technology	Added	2,079,384	+792,547	$775,651,819	+62.8%	26+	before history	1.81%
TER	Teradyne, Inc Technology	Added	1,515,149	+425,029	$733,089,692	+126.8%	26+	before history	1.71%
NXPI	NXP Semiconductors N.V. Technology	Added	2,418,625	+816,060	$679,706,183	+115.5%	26+	before history	1.59%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	1,596,029	-141,186	$671,289,797	+3.9%	26+	before history	1.57%
ALAB	Astera Labs, Inc. Technology	Added	1,321,419	+375,913	$638,271,805	+515.9%	4	$193.32	1.49%
MPWR	Monolithic Power Systems, Inc. Technology	Added	459,278	+141,805	$634,887,536	+82.9%	26+	before history	1.48%
QCOM	Qualcomm Inc Technology	Added	3,365,490	+656,252	$621,908,897	+78.3%	26+	before history	1.45%
GDX	VanEck Gold Miners ETF	Added	6,960,342	+961,259	$525,157,803	−4.6%	26+	before history	1.23%
ASML	Asml Holding NV Technology	Added	246,159	+23,908	$489,718,536	+66.8%	26+	before history	1.14%
MCHP	Microchip Technology Inc Technology	Added	5,207,670	+1,197,556	$474,939,504	+83.3%	26+	before history	1.11%
QQQ	Invesco Qqq Trust, Series 1	Added	565,821	+14,531	$416,670,584	+30.9%	26+	before history	0.97%
CRDO	Credo Technology Group Holding Ltd Technology	Added	1,515,415	+391,041	$412,117,109	+290.5%	4	$143.11	0.96%
GOOGL	Alphabet Inc. Communication Services	Added	1,032,816	+285,196	$369,097,453	+71.7%	26+	before history	0.86%
ON	On Semiconductor Corp Technology	Added	3,704,862	+878,562	$350,257,653	+100.1%	26+	before history	0.82%
FXI	iShares China Large-Cap ETF	Reduced	10,150,781	-834,937	$320,663,171	−18.7%	26+	before history	0.75%
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,250,965	+198,851	$298,154,998	+36.1%	26+	before history	0.70%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	563,804	+93,038	$282,121,883	+25.1%	26+	before history	0.66%
JPM	Jpmorgan Chase & Co Financial Services	Added	780,568	+125,070	$255,503,323	+32.5%	26+	before history	0.60%
ENTG	Entegris Inc Technology	Added	1,389,960	+338,087	$249,998,205	+102.7%	26+	before history	0.58%
ASX	ASE Technology Holding Co., Ltd. Technology	Added	5,521,348	+1,941,218	$249,123,221	+221.0%	19	$17.60	0.58%
MTSI	MACOM Technology Solutions Holdings, Inc. Technology	Added	632,776	+165,189	$240,689,007	+131.8%	4	$185.41	0.56%
META	Meta Platforms, Inc. Communication Services	Added	401,011	+143,321	$225,885,486	+53.2%	26+	before history	0.53%
UMC	United Microelectronics Corp Technology	Added	7,653,378	+2,669,725	$208,248,415	+365.3%	20	$11.44	0.49%
PLTR	Palantir Technologies Inc. Technology	Added	1,692,922	+410,368	$197,513,209	+5.3%	9	$83.31	0.46%
ARM	Arm Holdings PLC Technology	Added	495,435	+113,355	$175,666,387	+203.9%	9	$165.76	0.41%
CSCO	Cisco Systems, Inc. Technology	Added	1,486,217	+355,706	$174,571,048	+99.0%	26+	before history	0.41%
V	Visa Inc. Financial Services	Added	483,477	+73,527	$165,876,123	+33.9%	26+	before history	0.39%
STM	STMicroelectronics N.V. Technology	Added	2,158,374	+753,946	$161,640,628	+233.1%	20	$44.93	0.38%
GOOG	Alphabet Inc. Communication Services	Added	447,892	+141,013	$158,253,680	+79.8%	26+	before history	0.37%
NVMI	Nova Ltd. Technology	Added	290,772	+69,753	$157,871,749	+64.5%	4	$335.54	0.37%
SNDK	Sandisk Corp Technology	Added	58,090	+23,281	$132,080,975	+497.2%	3	$692.13	0.31%
RMBS	Rambus Inc Technology	Added	984,388	+238,869	$130,667,663	+103.7%	4	$90.52	0.30%
GDXJ	VanEck Junior Gold Miners ETF	Reduced	1,231,566	-200,974	$121,001,359	−29.6%	26+	before history	0.28%
MA	Mastercard Inc Financial Services	Added	235,048	+36,292	$120,720,652	+21.6%	26+	before history	0.28%
PANW	Palo Alto Networks Inc Technology	Added	340,725	+72,422	$116,194,039	+170.1%	25	unpriced	0.27%

Showing the top 50 of 1,130 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.