Rafferty Asset Management, LLC — 13F Holdings & Portfolio
CIK 1389426 · latest 13F-HR filed 2026-11-13
Rafferty Asset Management, LLC manages $38.42B in 13F-reported U.S. long-equity assets across 1,110 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are NVDA (6.57%), MU (5.56%), AMD (4.92%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 54 new positions and exited 77; 320 existing positions rose in reported value and 578 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$38.42B
Long-equity book
Holdings
1,110
Distinct positions
Period
2026-09-30
Filed 2026-11-13
Q/Q Activity
+54 / −77 / ↑320 / ↓578
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26NVDA6.6% · -14%MU5.6% · -35%AMD4.9% · -10%INTC4.8% · +37%AVGO4.0% · -1%TLT3.5% · -1%AAPL2.8% · -5%MSFT2.4% · -13%IWM2.4% · -4%MRVL2.2% · -20%AMAT2.1% · -17%EWY2.1% · -12%LRCX2.1% · -12%KLAC2.0% · -10%TXN1.9% · -4%ADI1.9% · -6%QCOM1.9% · +18%TSLA1.9% · +26%TSM1.6% · -34%MPWR1.5% · -9%TER1.4% · -9%GDX1.4% · -12%NXPI1.4% · -8%SKHY1.3% · newALAB1.1% · -8%QQQ1.1% · -1%GOOGL1.0% · +8%MCHP1.0% · -8%FXI0.9% · -0%AMZN0.8% · +1%META0.7% · -6%CRDO0.7% · -8%ASML0.7% · -42%BRK.B0.7% · -9%ON0.7% · -10%PLTR0.7% · -21%JPM0.6% · -8%TSEM0.5% · newENTG0.5% · -10%MTSI0.4% · -7%V0.4% · -4%GDXJ0.4% · +9%GOOG0.4% · -0%ASX0.4% · -39%CBRS0.4% · newPANW0.3% · -6%KWEB0.3% · +10%MA0.3% · -7%UMC0.3% · -40%CRWD0.3% · +286%XOM0.3% · -6%LLY0.3% · -2%SNDK0.3% · -0%ARM0.3% · -30%ORCL0.3% · +18%BAC0.2% · -7%STX0.2% · +2%GE0.2% · -6%ANET0.2% · -1%DHI0.2% · +2%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
5 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 39.1%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 3, 2026.
Assets Under Management
$55.24B
Discretionary
$55.24B
Employees
45
Accounts
133
Address
535 MADISON AVE
37TH FLOOR
NEW YORK, NY 10022
37TH FLOOR
NEW YORK, NY 10022
Phone
(646) 572-3390
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| O'NEILL, DANIEL, DILLON Control | MEMBER since Feb 2019 | Less than 5% | Individual |
| RAFFERTY HOLDINGS LLC Control | MEMBER since Jan 1999 | 25–50% | Domestic Entity |
| YONES, DOUGLAS, MICHAEL Control | CHIEF EXECUTIVE OFFICER since Nov 2024 | Less than 5% | Individual |
| BRICKL, ANGELA, MARY | CHIEF OPERATING OFFICER, GENERAL COUNSEL since Sep 2022 | Less than 5% | Individual |
| GST FBO KATHLEEN RAFFERTY HAY & HEIRS | MEMBER since Jan 2019 | 5–10% | Domestic Entity |
| GST FBO MICHAEL RAFFERTY & HEIRS | MEMBER since Jan 2019 | 5–10% | Domestic Entity |
| MINAKIAN PARTNERS, LLC | MEMBER since May 2009 | 25–50% | Domestic Entity |
| RUDNICK, PATRICK, JAMES | CHIEF FINANCIAL OFFICER since May 2010 | Less than 5% | Individual |
| STELMACHOWSKI, STEVEN, GREGORY | CHIEF COMPLIANCE OFFICER since Sep 2022 | Less than 5% | Individual |
| CIPOLLA, JOSEPH, PAUL Control Indirect owner via RAFFERTY SERVICING, INC. | OFFICER since Jan 2019 | General partner, trustee or manager | Individual |
| HAY, KATHLEEN, RAFFERTY Control Indirect owner via RAFFERTY HOLDINGS LLC | OFFICER AND TRUSTEE since Nov 2000 | 25–50% | Individual |
| O'NEILL, DANIEL, DILLON Control Indirect owner via MINAKIAN PARTNERS, LLC | MEMBER since May 2009 | 75% or more | Individual |
| RAFFERTY SERVICING, INC. Control Indirect owner via RAFFERTY HOLDINGS LLC | NON-MEMBER MANAGER since Jan 2019 | General partner, trustee or manager | Domestic Entity |
| RAFFERTY, MICHAEL, LAWRENCE Control Indirect owner via RAFFERTY HOLDINGS LLC | OFFICER AND TRUSTEE since Jan 1999 | 25–50% | Individual |
Ownership & leadership changes · 11 filings with changes since Mar 29, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Dec 3, 2024 filing
- AddedYONES, DOUGLAS, MICHAEL · CHIEF EXECUTIVE OFFICER · Less than 5% · control person
- ChangedBRICKL, ANGELA, MARY · title PRESIDENT, CHIEF OPERATING OFFICER, GENERAL COUNSEL → CHIEF OPERATING OFFICER, GENERAL COUNSEL
Oct 17, 2022 filing
- AddedSTELMACHOWSKI, STEVEN, GREGORY · CHIEF COMPLIANCE OFFICER · Less than 5%
- ChangedBRICKL, ANGELA, MARY · title CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER & GENERAL COUNSEL → PRESIDENT, CHIEF OPERATING OFFICER, GENERAL COUNSEL
Mar 10, 2022 filing
- No longer listedNESTOR, ROBERT, DAMIAN · PRESIDENT · Less than 5% · control person · listed since Apr 2018
- ChangedBRICKL, ANGELA, MARY · title CHIEF COMPLIANCE OFFICER & GENERAL COUNSEL → CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER & GENERAL COUNSEL
Nov 13, 2019 filing
- No longer listedRAFFERTY, LAWRENCE, COLIN · OFFICER AND TRUSTEE · 25–50% · indirect via RAFFERTY HOLDINGS LLC · control person · listed since Jan 1995
Sep 23, 2019 filing
- No longer listedBARBARA RAFFERTY GRAT · MEMBER · 10–25% · listed since Jan 2013
- No longer listedRAFFERTY, LAWRENCE, COLIN · CHAIRMAN · Less than 5% · control person · listed since Jun 1997
- AddedCIPOLLA, JOSEPH, PAUL · OFFICER · General partner, trustee or manager · indirect via RAFFERTY SERVICING, INC. · control person
- AddedGST FBO KATHLEEN RAFFERTY HAY & HEIRS · MEMBER · 5–10%
- AddedGST FBO MICHAEL RAFFERTY & HEIRS · MEMBER · 5–10%
- AddedRAFFERTY SERVICING, INC. · NON-MEMBER MANAGER · General partner, trustee or manager · indirect via RAFFERTY HOLDINGS LLC · control person
- ChangedHAY, KATHLEEN, RAFFERTY · indirect via RAFFERTY HOLDINGS LLC: title MEMBER → OFFICER AND TRUSTEE
- ChangedRAFFERTY, LAWRENCE, COLIN · indirect via RAFFERTY HOLDINGS LLC: title MEMBER → OFFICER AND TRUSTEE
- ChangedRAFFERTY, MICHAEL, LAWRENCE · indirect via RAFFERTY HOLDINGS LLC: title MEMBER → OFFICER AND TRUSTEE
Mar 1, 2019 filing
- ChangedO'NEILL, DANIEL, DILLON · title MANAGING DIRECTOR → MEMBER
Jul 26, 2018 filing
- No longer listedFALKEIS, ERIC, WALTER · CHIEF OPERATING OFFICER · Less than 5% · control person · listed since May 2013
- AddedNESTOR, ROBERT, DAMIAN · PRESIDENT · Less than 5% · control person
Mar 21, 2016 filing
- No longer listedJACOBS, BRIAN · PRESIDENT · Less than 5% · control person · listed since Mar 2014
Mar 20, 2015 filing
- ChangedO'NEILL, DANIEL, DILLON · ownership 5–10% → Less than 5%
Mar 28, 2014 filing
- AddedBARBARA RAFFERTY GRAT · MEMBER · 10–25%
- AddedFALKEIS, ERIC, WALTER · CHIEF OPERATING OFFICER · Less than 5% · control person
- AddedJACOBS, BRIAN · PRESIDENT · Less than 5% · control person
- ChangedMINAKIAN PARTNERS, LLC · ownership 10–25% → 25–50%
- ChangedRAFFERTY HOLDINGS LLC · ownership 50–75% → 25–50%
- ChangedRAFFERTY, LAWRENCE, COLIN · indirect via RAFFERTY HOLDINGS LLC: ownership 50–75% → 25–50%
- ChangedRAFFERTY, LAWRENCE, COLIN · title CEO, CHAIRMAN → CHAIRMAN
Older changes (2 more filings)
Mar 27, 2013 filing
- No longer listedFRIZE, BERNARD · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Nov 2008
- ChangedBRICKL, ANGELA, MARY · title GENERAL COUNSEL → CHIEF COMPLIANCE OFFICER & GENERAL COUNSEL
Mar 29, 2012 filing (earliest on record)
- ListedBRICKL, ANGELA, MARY · GENERAL COUNSEL · Less than 5%
- ListedFRIZE, BERNARD · CHIEF COMPLIANCE OFFICER · Less than 5%
- ListedHAY, KATHLEEN, RAFFERTY · MEMBER · 25–50% · indirect via RAFFERTY HOLDINGS LLC · control person
- ListedMINAKIAN PARTNERS, LLC · MEMBER · 10–25%
- ListedO'NEILL, DANIEL, DILLON · MANAGING DIRECTOR · 5–10% · control person
- ListedO'NEILL, DANIEL, DILLON · MEMBER · 75% or more · indirect via MINAKIAN PARTNERS, LLC · control person
- ListedRAFFERTY HOLDINGS LLC · MEMBER · 50–75% · control person
- ListedRAFFERTY, LAWRENCE, COLIN · MEMBER · 50–75% · indirect via RAFFERTY HOLDINGS LLC · control person
- ListedRAFFERTY, LAWRENCE, COLIN · CEO, CHAIRMAN · Less than 5% · control person
- ListedRAFFERTY, MICHAEL, LAWRENCE · MEMBER · 25–50% · indirect via RAFFERTY HOLDINGS LLC · control person
- ListedRUDNICK, PATRICK, JAMES · CHIEF FINANCIAL OFFICER · Less than 5%
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- INTEL CORP$281.4M +18.1%
- MICROSOFT CORP$151.4M +19.5%
- QUALCOMM INC$107.8M +17.3%
- APPLE INC$95.0M +9.7%
- PALANTIR TECHNOLOGIES INC$53.3M +27.0%
Top Trims
- MICRON TECHNOLOGY INC-$1.42B -39.9%
- APPLIED MATLS INC-$580.5M -41.6%
- KLA CORP-$546.5M -41.7%
- LAM RESEARCH CORP-$400.8M -33.3%
- MARVELL TECHNOLOGY INC-$354.8M -29.1%
New Positions
- SK HYNIX INC$511.9M
- TOWER SEMICONDUCTOR LTD$196.7M
- CEREBRAS SYSTEMS INC$140.7M
- EXXONMOBIL HOLDINGS CORP$104.9M
- SPACE EXPLORATION TECHN CORP$15.0M
Exited Positions
- CISCO SYS INC$174.6M
- NOVA LTD$157.9M
- RAMBUS INC DEL$130.7M
- EXXON MOBIL CORP$93.5M
- CIENA CORP$25.4M
Rafferty Asset Management, LLC Holdings (2026-09-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 67066G104 | $2.53B | 6.57% | 11,059,980 | SH |
| 2 | MICRON TECHNOLOGY INC | MU | 595112103 | $2.14B | 5.56% | 2,007,288 | SH |
| 3 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $1.89B | 4.92% | 3,091,383 | SH |
| 4 | INTEL CORP | INTC | 458140100 | $1.84B | 4.78% | 15,263,953 | SH |
| 5 | BROADCOM INC | AVGO | 11135F101 | $1.55B | 4.04% | 4,420,651 | SH |
| 6 | ISHARES TR | TLT | 464287432 | $1.33B | 3.45% | 17,042,977 | SH |
| 7 | APPLE INC | AAPL | 037833100 | $1.08B | 2.80% | 3,231,748 | SH |
| 8 | MICROSOFT CORP | MSFT | 594918104 | $927.1M | 2.41% | 1,807,484 | SH |
| 9 | ISHARES TR | IWM | 464287655 | $905.5M | 2.36% | 3,258,413 | SH |
| 10 | MARVELL TECHNOLOGY INC | MRVL | 573874104 | $863.7M | 2.25% | 3,269,066 | SH |
| 11 | APPLIED MATLS INC | AMAT | 038222105 | $815.7M | 2.12% | 1,595,116 | SH |
| 12 | ISHARES INC | EWY | 464286772 | $815.4M | 2.12% | 4,461,374 | SH |
| 13 | LAM RESEARCH CORP | LRCX | 512807306 | $801.6M | 2.09% | 2,439,964 | SH |
| 14 | KLA CORP | KLAC | 482480100 | $762.8M | 1.99% | 3,913,117 | SH |
| 15 | TEXAS INSTRS INC | TXN | 882508104 | $740.8M | 1.93% | 2,644,848 | SH |
| 16 | ANALOG DEVICES INC | ADI | 032654105 | $732.7M | 1.91% | 1,846,907 | SH |
| 17 | QUALCOMM INC | QCOM | 747525103 | $729.7M | 1.90% | 3,964,862 | SH |
| 18 | TESLA INC | TSLA | 88160R101 | $713.6M | 1.86% | 2,011,260 | SH |
| 19 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $603.0M | 1.57% | 1,321,858 | SH |
| 20 | MONOLITHIC PWR SYS INC | MPWR | 609839105 | $563.6M | 1.47% | 418,320 | SH |
| 21 | TERADYNE INC | TER | 880770102 | $550.7M | 1.43% | 1,373,599 | SH |
| 22 | VANECK ETF TRUST | GDX | 92189F106 | $537.9M | 1.40% | 6,126,219 | SH |
| 23 | NXP SEMICONDUCTORS N V | NXPI | N6596X109 | $528.4M | 1.38% | 2,224,571 | SH |
| 24 | SK HYNIX INC | SKHY | 78392B206 | $511.9M | 1.33% | 2,780,045 | SH |
| 25 | ASTERA LABS INC | ALAB | 04626A103 | $434.5M | 1.13% | 1,220,498 | SH |
| 26 | INVESCO QQQ TR | QQQ | 46090E103 | $415.9M | 1.08% | 562,259 | SH |
| 27 | ALPHABET INC | GOOGL | 02079K305 | $383.1M | 1.00% | 1,113,533 | SH |
| 28 | MICROCHIP TECHNOLOGY INC. | MCHP | 595017104 | $372.2M | 0.97% | 4,786,353 | SH |
| 29 | ISHARES TR | FXI | 464287184 | $344.7M | 0.90% | 10,133,232 | SH |
| 30 | AMAZON COM INC | AMZN | 023135106 | $315.0M | 0.82% | 1,264,378 | SH |
| 31 | META PLATFORMS INC | META | 30303M102 | $273.3M | 0.71% | 376,845 | SH |
| 32 | CREDO TECHNOLOGY GROUP HOLDI | CRDO | G25457105 | $271.2M | 0.71% | 1,392,232 | SH |
| 33 | ASML HLDG NV | ASML | N07059210 | $260.8M | 0.68% | 143,977 | SH |
| 34 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $256.6M | 0.67% | 515,335 | SH |
| 35 | ON SEMICONDUCTOR CORP | ON | 682189105 | $255.4M | 0.66% | 3,322,598 | SH |
| 36 | PALANTIR TECHNOLOGIES INC | PLTR | 69608A108 | $250.8M | 0.65% | 1,340,662 | SH |
| 37 | JPMORGAN CHASE & CO | JPM | 46625H100 | $238.7M | 0.62% | 721,391 | SH |
| 38 | TOWER SEMICONDUCTOR LTD | TSEM | M87915274 | $196.7M | 0.51% | 865,059 | SH |
| 39 | ENTEGRIS INC | ENTG | 29362U104 | $193.3M | 0.50% | 1,254,573 | SH |
| 40 | MACOM TECH SOLUTIONS HLDGS I | MTSI | 55405Y100 | $167.4M | 0.44% | 587,574 | SH |
| 41 | VISA INC | V | 92826C839 | $166.2M | 0.43% | 462,484 | SH |
| 42 | VANECK ETF TRUST | GDXJ | 92189F791 | $152.8M | 0.40% | 1,340,957 | SH |
| 43 | ALPHABET INC | GOOG | 02079K107 | $152.2M | 0.40% | 446,620 | SH |
| 44 | ASE TECHNOLOGY HLDG CO LTD | ASX | 00215W100 | $148.8M | 0.39% | 3,346,286 | SH |
| 45 | CEREBRAS SYSTEMS INC | CBRS | 15675D103 | $140.7M | 0.37% | 791,763 | SH |
| 46 | PALO ALTO NETWORKS INC | PANW | 697435105 | $127.5M | 0.33% | 320,956 | SH |
| 47 | KRANESHARES TRUST | KWEB | 500767306 | $121.2M | 0.32% | 4,944,600 | SH |
| 48 | MASTERCARD INCORPORATED | MA | 57636Q104 | $121.0M | 0.31% | 219,447 | SH |
| 49 | UNITED MICROELECTRONICS CORP | UMC | 910873405 | $113.0M | 0.29% | 4,614,638 | SH |
| 50 | CROWDSTRIKE HLDGS INC | CRWD | 22788C105 | $105.7M | 0.28% | 399,142 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-13 | $38.42B | 1,110 | 0001999371-26-025241 |
| 2026-06-30 | 2026-08-14 | $43.92B | 1,133 | 0001999371-26-017909 |
| 2026-03-31 | 2026-05-15 | $24.63B | 1,057 | 0001999371-26-010796 |
| 2025-12-31 | 2026-02-13 | $28.95B | 1,134 | 0001999371-26-003261 |
| 2025-09-30 | 2025-11-12 | $30.83B | 1,104 | 0001999371-25-017439 |
Filer Information
Address
535 MADISON AVE,37TH FLOOR
NEW YORK, NY 10022
Phone
(646) 572-3390
Filing Manager
Rafferty Asset Management, LLC
New York, NY
Signatory
Angela Brickl
Chief Operating Officer