---
name: Copy Marshall Wace
kind: hedgecopy-fund
cik: 0001318757
latest_13f_period: 2026-06-30
latest_13f_filed: 2026-08-13
author: HedgeCopy
---

# Copy Marshall Wace (13F follow-the-filing)

Marshall Wace files a 13F-HR with the SEC each quarter (CIK 0001318757). This skill describes a
long-only copy portfolio built from that filing, bought the trading day after it is filed.

## Track record (estimated from 13F holdings, net of 10 bps per unit of turnover)
- Annualised return copying the filings, last 3 years (headline): +23.1% vs SPY +22.9% (alpha +0.2%/yr)
- Annualised since the series started (2022-08-19 to 2026-10-09): +16.1% vs SPY +17.3%
- Follow-the-filing TTM: +13.5% vs SPY +16.2% (alpha -2.7%)
- Quarters of history: 17; average coverage 89%; flags: hard_to_copy

## Latest disclosed top holdings (2026-06-30)
| # | Ticker | Issuer | Weight |
|---|---|---|---|
| 1 | IVV | ISHARES-S&P 500 | 25.3% |
| 2 | SPYM | SPDR PORTFOLIO L | 3.5% |
| 3 | AAPL | APPLE INC | 2.2% |
| 4 | AMZN | AMAZON.COM INC | 1.9% |
| 5 | AMD | ADV MICRO DEVICE | 1.9% |
| 6 | NVDA | NVIDIA CORP | 1.5% |
| 7 | MU | MICRON TECH | 1.3% |
| 8 | MSFT | MICROSOFT CORP | 1.1% |
| 9 | COST | COSTCO WHOLESALE | 0.9% |
| 10 | MS | MORGAN STANLEY | 0.8% |
| 11 | TSLA | TESLA INC | 0.8% |
| 12 | TSM | TAIWAN SEMIC-ADR | 0.7% |
| 13 | GOOGL | ALPHABET INC-A | 0.7% |
| 14 | HLT | HILTON WORLDWIDE | 0.7% |
| 15 | UNH | UNITEDHEALTH GRP | 0.6% |
| 16 | JNJ | JOHNSON&JOHNSON | 0.6% |
| 17 | ABBV | ABBVIE INC | 0.6% |
| 18 | BAC | BANK OF AMERICA | 0.6% |
| 19 | KO | COCA-COLA CO/THE | 0.6% |
| 20 | JPM | JP MORGAN CHASE | 0.5% |

## About the fund

Marshall Wace is a prominent global alternative investment manager headquartered in London, specializing in long/short equity strategies. The firm is well-known for its proprietary TOPS alpha capture system, which combines systematic, quantitative analysis with fundamental discretionary investing.

- Strategy: Long/short equity, quantitative, and systematic strategies
- Type: Long/short equity, Long-only
- Founders: Paul Marshall, Ian Wace
- Key people: Paul Marshall (Chairman and Chief Investment Officer); Ian Wace (Chief Executive Officer and Chief Risk Officer)
- Founded 1997 · HQ London, United Kingdom
- Reported AUM: $82.1bn (as of November 2024)
- Website: https://www.mwam.com/

### Approach
Marshall Wace employs a blend of fundamental, systematic, and quantitative strategies, with a primary focus on long/short equity. The firm utilizes its proprietary TOPS (Trade Optimised Portfolio System) to capture and analyze investment ideas from sell-side practitioners globally, integrating these with discretionary fundamental stock picking. Technology and data are central to their investment process, which emphasizes risk management and continuous innovation.

### History
Founded in 1997 by Paul Marshall and Ian Wace with $50 million in initial capital, the firm has grown into a major global hedge fund manager. It gained prominence for its proprietary TOPS alpha capture system launched in 2002 and formed a strategic partnership with KKR in 2015. The firm has navigated various market cycles, including the 2008 financial crisis, and continues to operate globally with a focus on innovation and technology.

### Notable positions / campaigns
- Banco Espírito Santo (2014): The firm profited from a short position during the collapse of the Portuguese bank.

_Profile generated 2026-10-09 from public sources; may be incomplete or out of date._

## Rules
- Hold the top 20 long US-equity positions from the latest 13F-HR, weighted as reported.
- Rebalance on the first trading day after each new 13F-HR is filed. Cash only, paper only.

## Parameters
```json
{
  "params": {
    "funds": [
      "0001318757"
    ],
    "top_n": 20,
    "weighting": "13f",
    "rebalance": "filing_plus_1",
    "budget_usd": 10000,
    "stop_loss_pct": null,
    "cash_only": true
  }
}
```

> Estimated from 13F holdings (long US equities only; no shorts, options, cash or fees). Past performance is not a guide to the future. Not investment advice. Paper trading only.