Parametric Portfolio Associates LLC
Registered adviserFiling Date
Global Rank
#41
/ 6,900
—
· as of Mar 2022
Top Industry
Software - Infrastructure
7.7%
Period ended 4 years ago
Filed May 16, 2022 · 4y
9 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
Regulatory AUM
$684,777,137,029
Main clients
Individuals and high net worth
(56% of AUM)
Private funds
12 funds
· Hedge funds
Focus by gross assets, Schedule D of Nov 27, 2024
$9,638,736,357 gross assets
LEI
549300S4WU4W1Z92RF77
Private funds on Schedule D 7.B.(1)
As filed Nov 27, 2024; SEC's bulk Form ADV archive ends with 2024 filings.
$8,851,305,101 gross assets in 8 funds
Hedge funds
$8,049,109,649
(6)
Other private funds
$802,195,452
(2)
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| May 2026 to Oct 2026 | $684,777,137,029 | Individuals and high net worth (56%) |
| Apr 2026 | $684,777,137,029 | Individuals and high net worth (56%) |
| Apr 2025 to Mar 2026 | $574,020,820,789 | Individuals and high net worth (54%) |
| Apr 2024 to Mar 2025 | $475,093,919,406 | Individuals and high net worth (50%) |
| Jul 2023 to Mar 2024 | $386,290,864,100 | Diversified |
| May 2023 to Jun 2023 | $386,290,864,100 | Diversified |
5 earlier changes not shown.
Portfolio style
Measured from the filed 13F common-share book for Mar 31, 2022, never from the firm's own description.
Style
Index-like
Active share 16.9% against the Russell 1000 as of 2022-03-31, across 3,233 stocks (index-like at 20% or less with 100+ stocks)
Turnover
Low turnover
9.5% over the last four quarters (under 30%)
Horizon
Horizon unknown
The value-weighted holding period is at least 8.9 quarters, but 97.6% of the book was already held when coverage starts
Closest benchmark: the Russell 1000 as of 2022-03-31, active share 16.9%; sector active share 13.2% against the combined 13F book's sector weights.
Over time 9 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 backtestPortfolio Concentration
3,426 tracked positions · as of Mar 31, 2022 · Δ vs Dec 31, 2021Top Position
5.9%
−0.2 pts
Top 5
19.7%
−0.1 pts
Top 10
26.1%
−0.7 pts
HHI
116
Diversified−3
Portfolio Trend
9 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2022| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 24.6% | $44,668,610,692 |
| Financial Services | 14.0% | $25,484,583,528 |
| Healthcare | 12.8% | $23,317,476,547 |
| Consumer Cyclical | 10.6% | $19,336,511,196 |
| Industrials | 8.0% | $14,602,224,796 |
| Communication Services | 7.5% | $13,655,969,418 |
| Consumer Defensive | 6.4% | $11,674,854,397 |
| Unclassified | 4.2% | $7,665,009,660 |
| Energy | 3.7% | $6,805,028,588 |
| Real Estate | 2.9% | $5,176,199,336 |
| Basic Materials | 2.6% | $4,647,513,551 |
| Utilities | 2.5% | $4,577,921,151 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| T | At&T Inc. | +2,804,959 | 17,087,114 | $403,767,779 | |
| LYG | Lloyds Banking Group plc | +2,557,088 | 12,201,562 | $29,405,764 | |
| JQC | Nuveen Credit Strategies Income Fund | +2,032,831 | 9,020,851 | $55,748,859 | |
| MFG | Mizuho Financial Group Inc | +1,747,652 | 20,688,502 | $53,169,450 | |
| AMD | Advanced Micro Devices Inc | +1,722,206 | 6,120,201 | $669,182,777 | |
| SPLV | Invesco S&P 500 Low Volatility ETF | +1,530,768 | 1,539,150 | $0 | |
| VZ | Verizon Communications Inc | +1,514,254 | 15,504,915 | $789,820,370 | |
| NCZ | Virtus Convertible & Income Fund II | +1,499,502 | 3,671,637 | $15,898,188 | |
| XOM | ExxonMobil Holdings Corp | +1,339,621 | 11,453,009 | $945,904,013 | |
| SAN | Banco Santander, S.A. | +1,300,685 | 13,875,130 | $46,897,939 | |
| AAPL | Apple Inc. | +1,280,613 | 56,891,567 | $9,933,836,513 | |
| — | +1,134,994 | 3,036,791 | $0 | ||
| MSFT | Microsoft Corp | +1,094,854 | 35,041,978 | $10,803,792,237 | |
| BHP | BHP Group Ltd | +924,205 | 2,943,131 | $227,356,915 | |
| PLTR | Palantir Technologies Inc. | +913,365 | 1,617,353 | $22,206,256 | |
| CSCO | Cisco Systems, Inc. | +901,664 | 18,488,142 | $1,030,898,797 | |
| TAK | Takeda Pharmaceutical Co Ltd | +861,118 | 4,256,356 | $60,951,017 | |
| CCO | Clear Channel Outdoor Holdings, Inc. | +859,958 | 1,227,699 | $4,247,838 | |
| NMR | Nomura Holdings Inc | +831,159 | 9,178,906 | $38,734,983 | |
| ASX | ASE Technology Holding Co., Ltd. | +829,001 | 4,350,137 | $30,842,471 | |
| EMD | Western Asset Emerging Markets Debt Fund Inc. | +815,759 | 5,910,763 | $63,422,486 | |
| NCV | Virtus Convertible & Income Fund | +796,130 | 979,993 | $4,929,364 | |
| KO | Coca Cola Co | +761,866 | 14,466,430 | $896,918,660 | |
| — | +745,949 | 2,928,370 | $0 | ||
| UAA | Under Armour, Inc. | +743,274 | 1,516,762 | $25,815,289 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| VEON | VEON Ltd. | −6,041,135 | 276,609 | $188,094 | |
| LUMN | Lumen Technologies, Inc. | −3,668,047 | 4,705,595 | $53,032,055 | |
| TEVA | Teva Pharmaceutical Industries Ltd | −2,424,324 | 2,180,994 | $20,479,533 | |
| IVV | iShares Core S&P 500 ETF | −1,519,079 | 1,696,404 | $769,641,530 | |
| UL | Unilever PLC | −1,489,764 | 2,826,629 | $128,938,503 | |
| STLA | Stellantis N.V. | −983,765 | 1,885,693 | $30,680,225 | |
| — | −872,594 | 52,004 | $0 | ||
| DHC | Diversified Healthcare Trust | −868,759 | 1,173,905 | $3,756,496 | |
| ABCL | AbCellera Biologics Inc. | −850,000 | 1,150,000 | $11,212,500 | |
| CX | Cemex Sab De CV | −827,826 | 813,853 | $4,305,282 | |
| SABA | Saba Capital Income & Opportunities Fund II | −794,166 | 4,804,787 | $24,168,078 | |
| AGG | iShares Core U.S. Aggregate Bond ETF | −760,607 | 99,263 | $10,631,067 | |
| GILD | Gilead Sciences, Inc. | −756,092 | 3,534,074 | $210,100,699 | |
| META | Meta Platforms, Inc. | −710,359 | 8,776,905 | $1,951,632,595 | |
| NLY | Annaly Capital Management Inc | −676,648 | 3,084,592 | $21,715,527 | |
| — | −642,571 | 8,252,723 | $0 | ||
| AWP | abrdn Global Premier Properties Fund | −627,808 | 3,311,570 | $21,326,510 | |
| IVR | Invesco Mortgage Capital Inc. | −620,894 | 1,127,921 | $2,571,659 | |
| RVT | Royce Small-Cap Trust, Inc. | −564,780 | 2,425,143 | $41,203,179 | |
| NEE | Nextera Energy Inc | −521,941 | 8,241,329 | $698,122,979 | |
| BCS | Barclays PLC | −520,201 | 7,196,698 | $56,853,914 | |
| VOO | VANGUARD 500 INDEX FUND | −513,702 | 8,587,471 | $3,565,260,335 | |
| AOD | abrdn Total Dynamic Dividend Fund | −492,507 | 11,256,601 | $108,175,935 | |
| XRX | Xerox Holdings Corp | −489,695 | 920,189 | $18,560,212 | |
| DVN | Devon Energy Corp | −451,286 | 5,775,767 | $341,521,102 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SHEL | Shell plc | 4,108,679 | $225,689,737 | |
| DINO | HF Sinclair Corp | 1,821,432 | $72,584,065 | |
| CEG | Constellation Energy Corp | 1,145,934 | $64,458,787 | |
| FRT | Federal Realty Investment Trust | 282,282 | $34,458,163 | |
| APO | Apollo Global Management, Inc. | 513,505 | $31,832,174 | |
| SLG | Sl Green Realty Corp | 312,396 | $25,360,307 | |
| RPV | Invesco S&P 500 Pure Value ETF | 240,833 | $20,627,346 | |
| ECAT | BlackRock ESG Capital Allocation Term Trust | 912,778 | $15,206,881 | |
| VTHR | VANGUARD RUSSELL 3000 INDEX FUND | 45,950 | $9,370,583 | |
| PPA | Victory Portfolios II | 117,877 | $9,232,126 | |
| GRAB | Grab Holdings Ltd | 2,475,458 | $8,664,103 | |
| DFAC | Dimensional U.S. Core Equity 2 ETF | 298,350 | $8,228,493 | |
| WDI | Western Asset Diversified Income Fund (WDI) | 497,273 | $8,060,795 | |
| PTA | Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund | 291,355 | $6,401,069 | |
| GDV | Gabelli Dividend & Income Trust | 206,125 | $5,078,920 | |
| DLY | DoubleLine Yield Opportunities Fund | 260,923 | $4,370,460 | |
| BRBR | Bellring Brands, Inc. | 186,197 | $4,297,426 | |
| LXU | Lsb Industries, Inc. | 148,812 | $3,250,054 | |
| VMO | Invesco Municipal Opportunity Trust | 253,513 | $2,902,723 | |
| BMEZ | BlackRock Health Sciences Term Trust | 138,701 | $2,782,342 | |
| NCNO | nCino, Inc. | 61,911 | $2,537,112 | |
| GFS | GLOBALFOUNDRIES Inc. | 33,987 | $2,121,468 | |
| VKQ | Invesco Municipal Trust | 178,775 | $2,057,700 | |
| DSI | iShares ESG MSCI KLD 400 ETF | 19,292 | $1,671,073 | |
| ECF | Ellsworth Growth & Income Fund Ltd | 153,357 | $1,624,050 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| BFH | Bread Financial Holdings, Inc. | 524,064 | $34,886,940 | |
| PFF | iShares Preferred and Income Securities ETF | 193,883 | $7,644,806 | |
| EUFN | iShares MSCI Europe Financials ETF | 360,257 | $7,223,152 | |
| IGV | iShares Expanded Tech-Software Sector ETF | 16,347 | $6,500,384 | |
| MFA | Mfa Financial, Inc. | 1,321,624 | $6,026,605 | |
| EDU | New Oriental Education & Technology Group Inc. | 2,161,777 | $4,539,731 | |
| FNDF | Schwab Fundamental International Equity ETF | 76,822 | $2,497,483 | |
| VGK | VANGUARD EUROPEAN STOCK INDEX FUND | 30,717 | $2,096,128 | |
| WES | Western Midstream Partners, LP | 76,842 | $1,711,271 | |
| ASPN | Aspen Aerogels Inc | 32,526 | $1,619,469 | |
| GLO | Clough Global Opportunities Fund | 150,488 | $1,601,192 | |
| PAA | Plains All American Pipeline LP | 168,489 | $1,573,687 | |
| USIO | Usio, Inc. | 339,687 | $1,481,035 | |
| FHTX | Foghorn Therapeutics Inc. | 62,663 | $1,433,102 | |
| RAFE | PIMCO RAFI ESG U.S. ETF | 37,194 | $1,231,121 | |
| USHY | iShares Broad USD High Yield Corporate Bond ETF | 27,174 | $1,119,297 | |
| FNDE | Schwab Fundamental Emerging Markets Equity ETF | 33,776 | $1,046,718 | |
| JRS | Nuveen Real Estate Income Fund | 79,050 | $1,013,421 | |
| ESGD | iShares ESG Aware MSCI EAFE ETF | 11,202 | $890,110 | |
| MTLS | Materialise NV | 35,158 | $839,221 | |
| BXMX | Nuveen S&P 500 BuyWrite Income Fund | 49,166 | $720,000 | |
| RVMD | Revolution Medicines, Inc. | 22,994 | $578,758 | |
| — | 5,483 | $571,931 | ||
| GDX | VanEck Gold Miners ETF | 16,843 | $539,481 | |
| BTG | B2gold Corp | 136,035 | $534,617 | |
| No positions match the current search. | ||||
3,426 tracked positions ·
$181,611,902,860 total
· filing declares
3,673 positions · $190,193,239,000
· as of Mar 31, 2022
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 3,426 positions by value
· page 1 of 69
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MSFT |
Microsoft Corp
Technology
|
Added | 35,041,978 | $10,803,792,237 | 5.95% | |
| AAPL |
Apple Inc.
Technology
|
Added | 56,891,567 | $9,933,836,513 | 5.47% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 1,522,719 | $4,963,987,804 | 2.73% | |
| VOO |
VANGUARD 500 INDEX FUND
|
Reduced | 8,587,471 | $3,565,260,335 | 1.96% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 1,216,251 | $3,382,819,718 | 1.86% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Added | 2,589,996 | $2,790,979,689 | 1.54% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Added | 976,743 | $2,728,034,000 | 1.50% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 9,075,522 | $2,476,346,932 | 1.36% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 6,165,975 | $2,176,034,237 | 1.20% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Added | 4,228,437 | $2,156,376,016 | 1.19% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 11,359,738 | $2,013,286,365 | 1.11% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Reduced | 8,776,905 | $1,951,632,595 | 1.07% | |
| V |
Visa Inc.
Financial Services
|
Added | 7,417,380 | $1,644,952,362 | 0.91% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 11,052,296 | $1,506,648,990 | 0.83% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Added | 9,415,163 | $1,438,636,906 | 0.79% | |
| MA |
Mastercard Inc
Financial Services
|
Added | 3,692,517 | $1,319,631,725 | 0.73% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Reduced | 4,226,397 | $1,265,087,414 | 0.70% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 7,078,339 | $1,147,469,535 | 0.63% | |
| PFE |
Pfizer Inc
Healthcare
|
Added | 21,908,327 | $1,134,194,088 | 0.62% | |
| BAC |
Bank Of America Corp
Financial Services
|
Added | 26,093,995 | $1,075,594,473 | 0.59% | |
| COST |
Costco Wholesale Corp
Consumer Defensive
|
Added | 1,826,321 | $1,051,686,947 | 0.58% | |
| CVX |
Chevron Corp
Energy
|
Added | 6,443,068 | $1,049,124,762 | 0.58% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Added | 18,488,142 | $1,030,898,797 | 0.57% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Added | 6,067,697 | $1,015,611,123 | 0.56% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 1,546,718 | $973,937,390 | 0.54% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Added | 11,453,009 | $945,904,013 | 0.52% | |
| ADBE |
Adobe Inc.
Technology
|
Reduced | 2,070,828 | $943,510,653 | 0.52% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 3,239,243 | $927,622,017 | 0.51% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
Reduced | 1,549,040 | $914,940,476 | 0.50% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Added | 11,010,555 | $903,416,037 | 0.50% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Added | 14,466,430 | $896,918,660 | 0.49% | |
| DIS |
Walt Disney Co
Communication Services
|
Added | 6,213,432 | $852,234,333 | 0.47% | |
| ACN |
Accenture plc
Technology
|
Reduced | 2,472,136 | $833,678,423 | 0.46% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Added | 5,543,179 | $825,490,216 | 0.45% | |
| ORCL |
Oracle Corp
Technology
|
Reduced | 9,864,996 | $816,131,119 | 0.45% | |
| ABT |
Abbott Laboratories
Healthcare
|
Reduced | 6,744,540 | $798,283,754 | 0.44% | |
| CMCSA |
Comcast Corp
Communication Services
|
Added | 16,874,894 | $790,081,862 | 0.44% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Added | 15,504,915 | $789,820,370 | 0.43% | |
| UNP |
Union Pacific Corp
Industrials
|
Added | 2,887,396 | $788,865,461 | 0.43% | |
| IVV |
iShares Core S&P 500 ETF
|
Reduced | 1,696,404 | $769,641,530 | 0.42% | |
| BMY |
Bristol Myers Squibb Co
Healthcare
|
Added | 10,436,143 | $762,151,523 | 0.42% | |
| INTC |
Intel Corp
Technology
|
Added | 15,230,983 | $754,847,517 | 0.42% | |
| TXN |
Texas Instruments Inc
Technology
|
Reduced | 4,109,612 | $754,031,609 | 0.42% | |
| DHR |
Danaher Corp
Healthcare
|
Reduced | 2,564,778 | $752,326,254 | 0.41% | |
| MCD |
Mcdonalds Corp
Consumer Cyclical
|
Added | 2,944,879 | $728,209,679 | 0.40% | |
| NKE |
NIKE, Inc.
Consumer Cyclical
|
Reduced | 5,368,269 | $722,354,276 | 0.40% | |
| NEE |
Nextera Energy Inc
Utilities
|
Reduced | 8,241,329 | $698,122,979 | 0.38% | |
| CRM |
Salesforce, Inc.
Technology
|
Reduced | 3,242,730 | $688,496,433 | 0.38% | |
| INTU |
Intuit Inc.
Technology
|
Added | 1,418,161 | $681,908,535 | 0.38% | |
| LOW |
Lowes Companies Inc
Consumer Cyclical
|
Added | 3,333,307 | $673,961,342 | 0.37% |
Showing the top 50 of 3,426 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.