Edgestream Partners, L.P.

Hedge Fund • Quant Macro

Edgestream Partners, L.P. is a Hedge Fund specializing in Quant Macro based in Princeton, NJ led by William Nmn Natbony, managing $3.4B across 842 long positions as of Q3 2025 with QQQ as the largest holding (2% allocation).

CEOWilliam Nmn Natbony

Portfolio Value: $3.4B
Positions: 842
Top Holding: QQQ at 1.96%
Last Reported: Q3 2025

Address902 Carnegie Center, Suite 200, Princeton, NJ, 08540, United States

Top Holdings

Largest long holdings in Edgestream Partners, L.P.'s portfolio (7.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Invesco QQQ Trust QQQ	ETF ETF	$67.0M	1.96%	+$42.5M Bought	— 111.6K shares	Q4 2020 Held for 4y 11m
2 Nvidia NVDA	Semiconductors Technology	$38.2M	1.12%	+$28.6M Bought	0.00% 204.9K shares	Q3 2016 Held for 9y 2m
3 SPDR S&P 500 ETF Trust SPY	ETF ETF	$34.3M	1.00%	+$6.8M Bought	— 51.4K shares	Q4 2020 Held for 4y 11m
4 iShares iBoxx $ Investment Grade Corporate Bond LQD	ETF ETF	$32.0M	0.93%	+$32.0M Bought	— 286.8K shares	Q3 2023 Held for 2y 2m
5 Marsh & McLennan Companies MMC	Insurance - Brokers Financial Services	$15.2M	0.44%	+$7.7M Bought	0.02% 75.4K shares	Q3 2023 Held for 2y 2m
6 Bank of New York Mellon BK	Asset Management Financial Services	$15.2M	0.44%	+$29.0K Bought	0.02% 139.4K shares	Q4 2024 Held for 11 months
7 Exxon Mobil XOM	Oil & Gas Integrated Energy	$15.1M	0.44%	+$7.5M Bought	0.00% 133.9K shares	Q3 2021 Held for 4y 2m
8 Zoetis ZTS	Drug Manufacturers - Specialty & Generic Healthcare	$14.8M	0.43%	+$13.2M Bought	0.02% 101.2K shares	Q3 2024 Held for 1y 2m
9 Hilton Worldwide HLT	Travel Lodging Consumer Cyclical	$14.5M	0.42%	+$4.4M Bought	0.02% 56.1K shares	Q1 2024 Held for 1y 8m
10 NVR NVR	Residential Construction Consumer Cyclical	$14.5M	0.42%	+$4.9M Bought	0.07% 1.8K shares	Q4 2020 Held for 4y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Edgestream Partners, L.P.'s latest filing

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Market Value

$3.4B

Prior: $3.6B

Q/Q Change

-4.91%

-$177.0M

Net Flows % of MV

-30.86%

Turnover Ratio

48.58%

New Purchases

21 stocks

$19.6M

Added To

248 stocks

+$813.4M

Sold Out Of

262 stocks

$815.4M

Reduced Holdings

316 stocks

-$1.1B

Increased Positions

Position	Shares Δ	Change
1 ARMOUR Residential REIT ARR	New	0 → 333.6K +$5.0M
2 Gates Industrial Corporation GTES	New	0 → 134.4K +$3.3M
3 Caesars Entertainment, Inc. CZR	New	0 → 61.4K +$1.7M
4 Adaptive Biotechnologies ADPT	New	0 → 70.4K +$1.1M
5 Beam Therapeutics BEAM	New	0 → 41.7K +$1.0M

Decreased Positions

Position	Shares Δ	Change
1 National Fuel Gas NFG	Sold	170.9K → 0 −$14.5M
2 Clean Harbors CLH	Sold	58.7K → 0 −$13.6M
3 Federal Realty FRT	Sold	138.8K → 0 −$13.2M
4 Houlihan Lokey HLI	Sold	68.8K → 0 −$12.4M
5 Bio-Techne TECH	Sold	229.6K → 0 −$11.8M