Headlands Technologies LLC

CIK

1570271

Location

CHICAGO, IL

Portfolio Value

Small $754,704,406

Diversification

Diversified

Filing Date

Global Rank

#2,077 / 8,605 ▼ 226 · as of Mar 2026

Top Industry

Software - Application 7.7%

3Y Alpha vs SPY

-4.0%

Period ended 3 months ago

Filed May 13, 2026 · 58d

14 quarters · since Dec 2022

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+58.8%

SPY

+75.5%

Annualised alpha

-4.0%

Max drawdown

−20.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

627 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.6%

−3.1 pts

Top 5

18.9%

+0.2 pts

Top 10

28.0%

+1.7 pts

HHI

113

Diversified−18

Portfolio Trend

14 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	25.3%	$190,644,585	124
Consumer Cyclical	14.2%	$107,070,259	66
Financial Services	11.3%	$85,511,345	72
Healthcare	10.5%	$78,890,684	128
Communication Services	10.0%	$75,680,455	29
Industrials	8.8%	$66,502,393	69
Consumer Defensive	6.4%	$48,223,485	31
Energy	5.5%	$41,424,970	37
Basic Materials	3.8%	$29,034,046	40
Utilities	2.0%	$15,167,478	11
Unclassified	1.3%	$9,831,670	10
Real Estate	0.9%	$6,723,036	10

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SID	National Steel Co	+333,122	374,740	$464,677
WBD	Warner Bros. Discovery, Inc.	+303,186	475,061	$13,045,175
BTDR	Bitdeer Technologies Group	+238,832	475,196	$4,110,445
VTRS	Viatris Inc	+234,115	269,260	$3,637,702
ALLO	Allogene Therapeutics, Inc.	+219,144	265,922	$648,849
RXRX	Recursion Pharmaceuticals, Inc.	+196,367	427,839	$1,313,465
NU	Nu Holdings Ltd.	+161,757	298,428	$4,288,410
GRAB	Grab Holdings Ltd	+148,611	570,338	$2,087,437
NVAX	Novavax Inc	+89,392	189,675	$1,543,954
ODD	Oddity Tech Ltd	+88,545	101,015	$1,351,580
TSLA	Tesla, Inc.	+82,595	88,488	$32,895,414
IOVA	Iovance Biotherapeutics, Inc.	+82,410	153,072	$537,282
VIR	Vir Biotechnology, Inc.	+80,691	103,247	$925,093
SERV	Serve Robotics Inc. /DE/	+77,741	221,394	$1,868,565
WMT	Walmart Inc.	+72,447	150,419	$18,694,073
JBLU	Jetblue Airways Corp	+63,037	75,285	$332,759
TEAM	Atlassian Corp	+60,585	66,290	$4,524,292
BTI	British American Tobacco p.l.c.	+57,968	68,263	$3,991,337
LXRX	Lexicon Pharmaceuticals, Inc.	+55,209	191,322	$298,462
EGHT	8X8 Inc /De/	+53,449	72,377	$120,145
QS	QuantumScape Corp	+52,170	115,530	$737,081
TLRY	Tilray Brands, Inc.	+50,066	175,060	$1,132,638
CVX	Chevron Corp	+48,917	65,906	$13,635,951
BKR	Baker Hughes Co	+48,005	108,171	$6,603,839
SBLK	Star Bulk Carriers Corp.	+43,369	65,815	$1,511,770
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BLDP	Ballard Power Systems Inc.	−262,345	144,844	$350,522
AAPL	Apple Inc.	−244,316	27,070	$6,870,095
BAC	Bank Of America Corp /De/	−219,860	56,484	$2,753,595
ESPR	Esperion Therapeutics, Inc.	−206,931	14,157	$38,790
INTC	Intel Corp	−163,843	18,854	$832,027
XOM	ExxonMobil Holdings Corp	−117,675	1,325	$224,799
NVTS	Navitas Semiconductor Corp	−114,617	274,757	$2,409,618
RELY	Remitly Global, Inc.	−113,480	85,335	$1,337,199
NWSA	News Corp	−96,259	101,408	$2,528,101
REAL	TheRealReal, Inc.	−93,256	23,594	$214,233
BBAI	BigBear.ai Holdings, Inc.	−87,128	113,403	$399,178
AMZN	Amazon Com Inc	−83,215	92,612	$19,288,301
NWL	Newell Brands Inc.	−73,753	16,551	$56,769
SCHW	Schwab Charles Corp	−69,103	2,828	$265,775
TMUS	T-Mobile US, Inc.	−63,749	10,888	$2,286,806
EVH	Evolent Health, Inc.	−57,724	17,060	$38,896
FMC	Fmc Corp	−56,606	48,238	$830,658
ROIV	Roivant Sciences Ltd.	−54,063	15,380	$426,026
AAL	American Airlines Group Inc.	−52,244	73,123	$785,341
SSRM	Ssr Mining Inc.	−51,368	37,973	$1,116,406
TENB	Tenable Holdings, Inc.	−49,866	58,374	$987,688
BTBT	Bit Digital, Inc	−48,343	343,924	$450,540
BCRX	Biocryst Pharmaceuticals Inc	−45,821	72,652	$691,647
CMG	Chipotle Mexican Grill Inc	−45,356	41,122	$1,316,315
SFM	Sprouts Farmers Market, Inc.	−45,074	36,293	$2,799,279
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
MU	Micron Technology Inc	102,679	$34,689,073
GOOGL	Alphabet Inc.	103,226	$29,683,668
MSTR	Strategy Inc	94,174	$11,752,915
HON	Honeywell International Inc	48,109	$11,404,382
SHOP	Shopify Inc.	58,958	$6,993,597
COIN	Coinbase Global, Inc.	27,640	$4,826,220
C	Citigroup Inc	41,009	$4,650,830
HOOD	Robinhood Markets, Inc.	64,671	$4,481,700
DELL	Dell Technologies Inc.	25,755	$4,227,168
AG	First Majestic Silver Corp	178,372	$3,831,430
DASH	DoorDash, Inc.	23,938	$3,594,290
MRVL	Marvell Technology, Inc.	34,398	$3,407,121
QQQ	Invesco Qqq Trust, Series 1	5,826	$3,362,650
AEP	American Electric Power Co Inc	24,883	$3,261,663
VZ	Verizon Communications Inc	61,337	$3,079,117
IBRX	ImmunityBio, Inc.	397,170	$3,046,293
SYY	Sysco Corp	38,182	$2,723,522
MA	Mastercard Inc	5,076	$2,536,274
MARA	MARA Holdings, Inc.	294,091	$2,399,782
ABT	Abbott Laboratories	23,164	$2,378,247
HOLX	HOLOGIC INC	31,173	$2,356,367
SPGI	S&P Global Inc.	5,739	$2,309,390
NIO	NIO Inc.	375,169	$2,262,269
KO	Coca Cola Co	28,677	$2,180,885
ACN	Accenture plc	10,305	$2,043,378
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
NVDA	Nvidia Corp	146,847	$27,386,965
ALIT	Alight, Inc. / Delaware	332,161	$12,954,279
LIN	Linde PLC	21,052	$8,976,362
NFLX	Netflix Inc	89,660	$8,406,521
CMCSA	Comcast Corp	273,375	$7,658,081
JPM	Jpmorgan Chase & Co	22,575	$7,274,116
KMB	Kimberly Clark Corp	71,216	$7,184,982
EXAS	EXACT SCIENCES CORP	62,890	$6,387,108
FISV	Fiserv Inc	94,911	$6,375,171
FCX	Freeport-Mcmoran Inc	120,826	$6,136,752
COHR	Coherent Corp.	30,725	$5,670,913
TSM	Taiwan Semiconductor Manufacturing Co Ltd	18,343	$5,574,254
QBTS	D-Wave Quantum Inc.	208,572	$5,454,157
ONDS	Ondas Inc.	507,231	$4,950,574
UVIX	VS Trust	37,566	$4,290,037
RIVN	Rivian Automotive, Inc. / DE	203,587	$4,012,699
PAYX	Paychex Inc	34,972	$3,923,158
ZM	Zoom Communications, Inc.	40,024	$3,453,670
MDLZ	Mondelez International, Inc.	62,795	$3,380,254
DDOG	Datadog, Inc.	24,687	$3,357,185
TEM	Tempus AI, Inc.	55,472	$3,275,621
PG	PROCTER & GAMBLE Co	21,658	$3,103,807
CCJ	Cameco Corp	33,443	$3,059,700
LUNR	Intuitive Machines, Inc.	186,464	$3,026,310
FLEX	Flex Ltd.	50,018	$3,022,087
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

627 positions · $754,704,406 total · as of Mar 31, 2026

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

Showing 1–50 of 627 positions by value · page 1 of 13

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MU	Micron Technology Inc Technology	NEW	102,679	NEW	$34,689,073	NEW	4.60%
TSLA	Tesla, Inc. Consumer Cyclical	Added	88,488	+82,595	$32,895,414	+1141.2%	4.36%
GOOGL	Alphabet Inc. Communication Services	NEW	103,226	NEW	$29,683,668	NEW	3.93%
MSFT	Microsoft Corp Technology	Added	70,878	+27,051	$26,236,909	+23.8%	3.48%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	92,612	-83,215	$19,288,301	−52.5%	2.56%
WMT	Walmart Inc. Consumer Defensive	Added	150,419	+72,447	$18,694,073	+115.2%	2.48%
CVX	Chevron Corp Energy	Added	65,906	+48,917	$13,635,951	+426.6%	1.81%
WBD	Warner Bros. Discovery, Inc. Communication Services	Added	475,061	+303,186	$13,045,175	+163.4%	1.73%
MSTR	Strategy Inc Technology	NEW	94,174	NEW	$11,752,915	NEW	1.56%
HON	Honeywell International Inc Industrials	NEW	48,109	NEW	$11,404,382	NEW	1.51%
EA	Electronic Arts Inc. Communication Services	Reduced	48,827	-28,925	$9,954,360	−37.3%	1.32%
SHOP	Shopify Inc. Technology	NEW	58,958	NEW	$6,993,597	NEW	0.93%
AAPL	Apple Inc. Technology	Reduced	27,070	-244,316	$6,870,095	−90.7%	0.91%
BKR	Baker Hughes Co Energy	Added	108,171	+48,005	$6,603,839	+141.0%	0.88%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Added	71,465	+10,299	$6,596,934	+18.2%	0.87%
NDAQ	Nasdaq, Inc. Financial Services	Reduced	75,146	-41,778	$6,379,143	−43.8%	0.85%
ROST	Ross Stores, Inc. Consumer Cyclical	Reduced	28,015	-31,189	$6,068,889	−43.1%	0.80%
COIN	Coinbase Global, Inc. Financial Services	NEW	27,640	NEW	$4,826,220	NEW	0.64%
C	Citigroup Inc Financial Services	NEW	41,009	NEW	$4,650,830	NEW	0.62%
TEAM	Atlassian Corp Technology	Added	66,290	+60,585	$4,524,292	+389.1%	0.60%
HOOD	Robinhood Markets, Inc. Financial Services	NEW	64,671	NEW	$4,481,700	NEW	0.59%
NU	Nu Holdings Ltd. Financial Services	Added	298,428	+161,757	$4,288,410	+87.4%	0.57%
DELL	Dell Technologies Inc. Technology	NEW	25,755	NEW	$4,227,168	NEW	0.56%
BTDR	Bitdeer Technologies Group Technology	Added	475,196	+238,832	$4,110,445	+55.1%	0.54%
BTI	British American Tobacco p.l.c. Consumer Defensive	Added	68,263	+57,968	$3,991,337	+584.7%	0.53%
XEL	Xcel Energy Inc Utilities	Added	49,903	+20,250	$3,964,294	+81.0%	0.53%
CCEP	COCA-COLA EUROPACIFIC PARTNERS plc Consumer Defensive	Reduced	42,915	-1,007	$3,891,103	−2.3%	0.52%
AG	First Majestic Silver Corp Basic Materials	NEW	178,372	NEW	$3,831,430	NEW	0.51%
HAS	Hasbro, Inc. Consumer Cyclical	Reduced	39,107	-24,141	$3,660,415	−29.4%	0.49%
VTRS	Viatris Inc Healthcare	Added	269,260	+234,115	$3,637,702	+731.4%	0.48%
DASH	DoorDash, Inc. Consumer Cyclical	NEW	23,938	NEW	$3,594,290	NEW	0.48%
ZBRA	Zebra Technologies Corp Technology	Reduced	17,165	-2,586	$3,588,858	−25.2%	0.48%
MRVL	Marvell Technology, Inc. Technology	NEW	34,398	NEW	$3,407,121	NEW	0.45%
QQQ	Invesco Qqq Trust, Series 1	NEW	5,826	NEW	$3,362,650	NEW	0.45%
FANG	Diamondback Energy, Inc. Energy	Added	16,989	+15,284	$3,360,254	+1211.0%	0.45%
AEP	American Electric Power Co Inc Utilities	NEW	24,883	NEW	$3,261,663	NEW	0.43%
META	Meta Platforms, Inc. Communication Services	Reduced	5,487	-19,579	$3,139,277	−81.0%	0.42%
VZ	Verizon Communications Inc Communication Services	NEW	61,337	NEW	$3,079,117	NEW	0.41%
CB	Chubb Ltd Financial Services	Reduced	9,354	-9,819	$3,048,749	−49.1%	0.40%
IBRX	ImmunityBio, Inc. Healthcare	NEW	397,170	NEW	$3,046,293	NEW	0.40%
CPRT	Copart Inc Industrials	Reduced	90,595	-9,619	$3,007,754	−23.3%	0.40%
SSNC	SS&C Technologies Holdings Inc Technology	Reduced	42,950	-8,059	$2,902,131	−34.9%	0.38%
CENX	Century Aluminum Co Basic Materials	Reduced	48,903	-28,529	$2,870,117	−5.4%	0.38%
WULF	Terawulf Inc. Financial Services	Added	194,436	+34,275	$2,805,711	+52.5%	0.37%
SFM	Sprouts Farmers Market, Inc. Consumer Defensive	Reduced	36,293	-45,074	$2,799,279	−56.8%	0.37%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	56,484	-219,860	$2,753,595	−81.9%	0.36%
SYY	Sysco Corp Consumer Defensive	NEW	38,182	NEW	$2,723,522	NEW	0.36%
CAR	Avis Budget Group, Inc. Industrials	Added	18,521	+1,871	$2,701,287	+26.4%	0.36%
PH	Parker-Hannifin Corp Industrials	Added	2,903	+2,356	$2,598,881	+440.5%	0.34%
DUOL	Duolingo, Inc. Technology	Added	26,256	+13,180	$2,588,053	+12.8%	0.34%