WADDELL & ASSOCIATES, LLC

CIK

1776757

Location

MEMPHIS, TN

Portfolio Value

Small $829,547,260

Diversification

Highly concentrated

Filing Date

Global Rank

#1,848 / 8,605 ▲ 398 · as of Mar 2026

Top Industry

Integrated Freight & Logistics 56.0%

3Y Alpha vs SPY

-8.9%

Period ended 3 months ago

Filed May 11, 2026 · 59d

25 quarters · since Mar 2020

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

+46.7%

SPY

+76.5%

Annualised alpha

-7.2%

Max drawdown

−30.3%

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

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

Top Position

48.5%

+4.9 pts

Top 5

64.6%

+0.8 pts

Top 10

68.8%

−1.0 pts

HHI

2,500

Highly concentrated+363

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	53.2%	$441,543,941	56
Unclassified	12.8%	$106,385,549	6
Technology	9.7%	$80,871,535	70
Financial Services	7.3%	$60,334,019	64
Healthcare	4.2%	$35,070,161	49
Consumer Cyclical	4.1%	$33,738,545	46
Consumer Defensive	2.5%	$20,405,442	21
Energy	2.0%	$16,255,685	19
Communication Services	1.5%	$12,782,656	15
Basic Materials	1.0%	$8,277,996	14
Real Estate	0.9%	$7,199,053	15
Utilities	0.8%	$6,682,678	8

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
FDX	Fedex Corp	+214,048	1,402,188	$402,442,678
PCG	PG&E Corp	+48,839	115,010	$2,020,725
BMY	Bristol Myers Squibb Co	+15,916	39,703	$2,407,986
NVDA	Nvidia Corp	+12,239	67,417	$11,757,524
GAP	Gap Inc	+9,101	22,420	$542,564
MSFT	Microsoft Corp	+8,718	28,014	$10,369,942
MTCH	Match Group, Inc.	+8,671	19,344	$594,054
VIK	Viking Holdings Ltd	+8,186	12,662	$930,403
CNC	Centene Corp	+8,013	40,250	$1,317,785
IVZ	Invesco Ltd.	+7,800	21,400	$519,806
KMI	Kinder Morgan, Inc.	+7,473	33,679	$1,129,256
RCAT	Red Cat Holdings, Inc.	+6,800	181,560	$2,376,620
S	SentinelOne, Inc.	+6,788	18,243	$234,969
EIX	Edison International	+6,719	26,195	$1,916,950
GM	General Motors Co	+6,605	17,342	$1,291,979
NYT	New York Times Co	+6,449	11,103	$929,654
FTNT	Fortinet, Inc.	+6,303	14,894	$1,217,137
MRSH	Marsh & Mclennan Companies, Inc.	+6,155	7,294	$1,265,144
EXE	EXPAND ENERGY Corp	+5,866	8,561	$939,826
DAL	Delta Air Lines, Inc.	+5,733	13,588	$903,330
DHR	Danaher Corp /De/	+5,721	7,852	$1,488,739
PG	PROCTER & GAMBLE Co	+5,332	16,914	$2,443,058
ABNB	Airbnb, Inc.	+5,005	12,241	$1,545,793
DKNG	DraftKings Inc.	+4,764	18,888	$408,358
NOW	ServiceNow, Inc.	+4,659	8,114	$848,318
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PSLV	Sprott Physical Silver Trust	−45,613	289,832	$7,069,002
ADT	ADT Inc.	−37,180	19,238	$126,393
LYFT	Lyft, Inc.	−16,794	11,228	$149,332
MPT	Medical Properties Trust Inc	−9,402	12,266	$56,791
INTC	Intel Corp	−3,485	37,348	$1,648,167
VZ	Verizon Communications Inc	−3,032	4,047	$203,159
ZM	Zoom Communications, Inc.	−2,660	6,556	$527,036
MTG	Mgic Investment Corp	−2,597	10,965	$287,831
GT	Goodyear Tire & Rubber Co /Oh/	−2,461	10,520	$69,747
BBY	Best Buy Co Inc	−2,382	5,361	$344,176
PEP	Pepsico Inc	−2,238	8,715	$1,353,352
TEAM	Atlassian Corp	−2,145	5,982	$408,271
PANW	Palo Alto Networks Inc	−2,087	1,673	$268,215
NNN	Nnn REIT, Inc.	−1,766	5,406	$227,214
RBLX	Roblox Corp	−1,710	4,242	$239,927
EXEL	Exelixis, Inc.	−1,704	9,788	$419,807
ACN	Accenture plc	−1,646	1,797	$356,327
ORI	Old Republic International Corp	−1,596	6,671	$266,172
MRVL	Marvell Technology, Inc.	−1,591	2,452	$242,870
EXPE	Expedia Group, Inc.	−1,582	2,969	$685,512
WST	West Pharmaceutical Services Inc	−1,573	2,049	$513,561
GTM	ZoomInfo Technologies Inc.	−1,540	10,932	$65,373
ORLY	O Reilly Automotive Inc	−1,243	7,405	$683,555
STE	STERIS plc	−1,159	1,061	$234,618
PGR	Progressive Corp/Oh/	−1,105	2,509	$497,384
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
HON	Honeywell International Inc	4,127	$978,317
BLK	BlackRock, Inc.	1,012	$973,250
BURL	Burlington Stores, Inc.	2,763	$899,024
DOW	Dow Inc.	20,632	$859,322
ITT	Itt Inc.	4,092	$779,648
GIS	General Mills Inc	20,826	$775,143
PNFP	Pinnacle Financial Partners, Inc.	8,374	$721,336
BSX	Boston Scientific Corp	11,216	$703,804
ES	Eversource Energy	9,635	$667,512
MHK	Mohawk Industries Inc	6,632	$652,986
OXY	Occidental Petroleum Corp /De/	10,027	$651,755
A	Agilent Technologies, Inc.	5,715	$651,395
LULU	lululemon athletica inc.	4,189	$641,335
INTU	Intuit Inc.	1,461	$631,707
TMUS	T-Mobile US, Inc.	2,973	$624,419
LIN	Linde PLC	1,233	$611,272
NTNX	Nutanix, Inc.	15,458	$587,558
CI	Cigna Group	2,189	$583,915
KMX	Carmax Inc	13,726	$570,727
SITE	SiteOne Landscape Supply, Inc.	4,137	$550,676
UBER	Uber Technologies, Inc	7,321	$526,599
COO	Cooper Companies, Inc.	7,362	$526,383
DAR	Darling Ingredients Inc.	8,299	$513,293
CCL	Carnival Corp Ltd.	19,645	$508,412
BALL	BALL Corp	8,453	$499,656
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
EXAS	EXACT SCIENCES CORP	5,110	$518,971
KDP	Keurig Dr Pepper Inc.	17,234	$482,724
PYPL	PayPal Holdings, Inc.	8,267	$482,627
AMT	American Tower Corp /Ma/	2,618	$459,642
IQV	Iqvia Holdings Inc.	1,996	$449,918
JLL	Jones Lang Lasalle Inc	1,290	$434,046
AGL	agilon health, inc.	23,357	$402,324
DHI	Horton D R Inc /De/	2,734	$393,778
PINS	Pinterest, Inc.	14,574	$377,320
FDS	Factset Research Systems Inc	1,280	$371,443
VLTO	Veralto Corp	3,716	$370,782
ROKU	Roku, Inc	3,273	$355,087
FNF	Fidelity National Financial, Inc.	6,368	$347,629
MDT	Medtronic plc	3,387	$325,355
GDDY	GoDaddy Inc.	2,551	$316,528
TFX	Teleflex Inc	2,508	$306,076
MGM	MGM Resorts International	8,351	$304,727
MORN	Morningstar, Inc.	1,273	$276,635
POET	Poet Technologies Inc.	41,346	$261,720
AMH	American Homes 4 Rent	8,069	$259,014
DASH	DoorDash, Inc.	1,087	$246,183
CRBG	Corebridge Financial, Inc.	7,754	$233,938
ZS	Zscaler, Inc.	1,032	$232,117
GTLB	Gitlab Inc.	6,165	$231,372
ADSK	Autodesk, Inc.	775	$229,407
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

383 positions · $829,547,260 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 383 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
FDX	Fedex Corp Industrials	Added	1,402,188	+214,048	$402,442,678	+45.5%	48.51%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	153,603	+3,271	$94,736,186	+4.5%	11.42%
AAPL	Apple Inc. Technology	Added	65,508	+3,479	$16,625,275	−1.4%	2.00%
NVDA	Nvidia Corp Technology	Added	67,417	+12,239	$11,757,524	+14.3%	1.42%
MSFT	Microsoft Corp Technology	Added	28,014	+8,718	$10,369,942	+11.1%	1.25%
SPY	Spdr S&P 500 ETF Trust	Added	14,122	+205	$9,184,101	−3.2%	1.11%
PSLV	Sprott Physical Silver Trust Financial Services	Reduced	289,832	-45,613	$7,069,002	−10.9%	0.85%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	14,621	+15	$7,006,383	−4.6%	0.84%
WMT	Walmart Inc. Consumer Defensive	Added	54,723	+550	$6,800,974	+12.7%	0.82%
NAKA	Nakamoto Inc. Financial Services	Held	572,370	0	$5,059,750	−37.0%	0.61%
LLY	ELI LILLY & Co Healthcare	Reduced	5,451	-195	$5,013,666	−17.4%	0.60%
JPM	Jpmorgan Chase & Co Financial Services	Added	13,901	+1,047	$4,089,118	−1.3%	0.49%
GOOGL	Alphabet Inc. Communication Services	Added	13,952	+2,474	$4,012,037	+11.7%	0.48%
XOM	Exxon Mobil Corp Energy	Added	22,188	+2,803	$3,764,416	+61.4%	0.45%
AMZN	Amazon Com Inc Consumer Cyclical	Added	16,324	+2,223	$3,399,799	+4.5%	0.41%
AVGO	Broadcom Inc. Technology	Added	9,702	+3,925	$3,002,866	+50.2%	0.36%
AZO	Autozone Inc Consumer Cyclical	Added	806	+56	$2,722,490	+7.0%	0.33%
JNJ	Johnson & Johnson Healthcare	Added	11,011	+536	$2,691,528	+24.2%	0.32%
MU	Micron Technology Inc Technology	Added	7,603	+1,805	$2,568,597	+55.2%	0.31%
MRK	Merck & Co., Inc. Healthcare	Added	20,932	+720	$2,517,910	+18.3%	0.30%
META	Meta Platforms, Inc. Communication Services	Added	4,336	+769	$2,480,755	+5.4%	0.30%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	16,914	+5,332	$2,443,058	+47.2%	0.29%
BMY	Bristol Myers Squibb Co Healthcare	Added	39,703	+15,916	$2,407,986	+87.7%	0.29%
RCAT	Red Cat Holdings, Inc. Industrials	Added	181,560	+6,800	$2,376,620	+71.5%	0.29%
GE	General Electric Co Industrials	Added	8,252	+2,638	$2,341,670	+35.4%	0.28%
GEV	GE Vernova Inc. Industrials	Added	2,630	+739	$2,295,727	+85.8%	0.28%
FIX	Comfort Systems USA Inc Industrials	Added	1,637	+493	$2,257,406	+111.4%	0.27%
NEM	NEWMONT Corp /DE/ Basic Materials	Added	19,997	+3,732	$2,164,675	+33.3%	0.26%
HD	Home Depot, Inc. Consumer Cyclical	Added	6,568	+32	$2,160,149	−4.0%	0.26%
PCG	PG&E Corp Utilities	Added	115,010	+48,839	$2,020,725	+90.0%	0.24%
EIX	Edison International Utilities	Added	26,195	+6,719	$1,916,950	+64.0%	0.23%
TSLA	Tesla, Inc. Consumer Cyclical	Added	5,066	+275	$1,883,285	−12.6%	0.23%
VRT	Vertiv Holdings Co Industrials	Added	7,502	+1,726	$1,879,851	+100.9%	0.23%
PHYS	Sprott Physical Gold Trust Financial Services	Reduced	50,442	-774	$1,787,664	+5.7%	0.22%
CVX	Chevron Corp Energy	Added	8,601	+1,499	$1,779,546	+64.4%	0.21%
COHR	Coherent Corp. Technology	Added	7,175	+5	$1,709,156	+29.2%	0.21%
QQQ	Invesco Qqq Trust, Series 1	Added	2,915	+1	$1,682,479	−6.0%	0.20%
CEF	Sprott Physical Gold & Silver Trust Financial Services	Reduced	34,897	-249	$1,665,284	+3.5%	0.20%
CB	Chubb Ltd Financial Services	Added	5,102	+127	$1,662,894	+7.1%	0.20%
INTC	Intel Corp Technology	Reduced	37,348	-3,485	$1,648,167	+9.4%	0.20%
NFLX	Netflix Inc Communication Services	Added	16,382	+1,599	$1,575,129	+13.6%	0.19%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	1,580	+1,322	$1,574,359	+607.6%	0.19%
ORCL	Oracle Corp Technology	Added	10,689	+642	$1,572,458	−19.7%	0.19%
FTI	TechnipFMC plc Energy	Added	22,689	+4,177	$1,568,490	+90.1%	0.19%
ABNB	Airbnb, Inc. Consumer Cyclical	Added	12,241	+5,005	$1,545,793	+57.4%	0.19%
GD	General Dynamics Corp Industrials	Added	4,376	+410	$1,501,930	+12.5%	0.18%
CMI	Cummins Inc Industrials	Added	2,786	+663	$1,498,923	+38.3%	0.18%
DHR	Danaher Corp /De/ Healthcare	Added	7,852	+5,721	$1,488,739	+205.2%	0.18%
AFL	Aflac Inc Financial Services	Reduced	13,231	-708	$1,451,573	−5.6%	0.17%
JBHT	Hunt J B Transport Services Inc Industrials	Added	6,837	+1,547	$1,448,760	+40.9%	0.17%