PANAGORA ASSET MANAGEMENT INC

Hedge Fund • Quant

PANAGORA ASSET MANAGEMENT INC is a Quant Hedge Fund based in Boston, MA led by Bryan David Belton, reporting $33.2B in AUM as of Q3 2025 with 35% Technology concentration.

CEOBryan David Belton

Portfolio Value: $24.8B
Positions: 1,146
Top Holding: NVDA at 7.75%
Last Reported: Q3 2025

AddressOne International Place, 24th Floor, Boston, MA, 02110, United States

Top Holdings

Largest long holdings in PANAGORA ASSET MANAGEMENT INC's portfolio (33.7% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Nvidia NVDA	Semiconductors Technology	$1.9B	7.75%	+$23.8M Bought	0.04% 10.3M shares	≤ Q2 2013 Held for 12y 5m+
2 Apple AAPL	Consumer Electronics Technology	$1.4B	5.65%	+$119.6M Bought	0.04% 5.5M shares	≤ Q2 2013 Held for 12y 5m+
3 Microsoft MSFT	Software - Infrastructure Technology	$1.4B	5.45%	+$122.5M Bought	0.04% 2.6M shares	≤ Q2 2013 Held for 12y 5m+
4 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$760.7M	3.06%	+$48.3M Bought	0.04% 1.0M shares	≤ Q2 2013 Held for 12y 5m+
5 Amazon AMZN	Specialty Retail Consumer Cyclical	$719.2M	2.90%	+$49.9M Bought	0.03% 3.3M shares	≤ Q2 2013 Held for 12y 5m+
6 Broadcom Inc. AVGO	Semiconductors Technology	$535.4M	2.16%	+$77.7M Bought	0.03% 1.6M shares	≤ Q2 2013 Held for 12y 5m+
7 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$509.2M	2.05%	+$48.8M Bought	0.02% 2.1M shares	≤ Q2 2013 Held for 12y 5m+
8 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$421.7M	1.70%	+$87.7M Bought	0.01% 1.7M shares	Q2 2014 Held for 11y 5m
9 JPMorgan Chase JPM	Banks - Diversified Financial Services	$382.8M	1.54%	-$17.6M Sold	0.04% 1.2M shares	≤ Q2 2013 Held for 12y 5m+
10 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$348.2M	1.40%	-$15.9M Sold	0.02% 782.9K shares	Q3 2013 Held for 12y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in PANAGORA ASSET MANAGEMENT INC's latest filing

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Market Value

$24.8B

Prior: $22.2B

Q/Q Change

+11.85%

+$2.6B

Net Flows % of MV

+1.37%

Turnover Ratio

13.66%

New Purchases

21 stocks

$55.3M

Added To

478 stocks

+$3.7B

Sold Out Of

122 stocks

$290.1M

Reduced Holdings

364 stocks

-$3.2B

Increased Positions

Position	Shares Δ	Change
1 Robinhood Markets, Inc. HOOD	New	0 → 104.2K +$14.9M
2 Celestica CLS	New	0 → 59.9K +$14.8M
3 TransMedics Group, Inc. TMDX	New	0 → 76.3K +$8.6M
4 Planet Labs PL	New	0 → 305.4K +$4.0M
5 ERIC Ericsson ERIC	New	0 → 392.3K +$3.2M

Decreased Positions

Position	Shares Δ	Change
1 Crown Castle CCI	Sold	595.4K → 0 −$61.2M
2 Blueprint Medicines BPMC	Sold	149.4K → 0 −$19.2M
3 Insmed INSM	Sold	149.6K → 0 −$15.1M
4 Voya Financial VOYA	Sold	208.1K → 0 −$14.8M
5 Insulet PODD	Sold	43.4K → 0 −$13.6M

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Analytics

Portfolio insights and performance metrics for PANAGORA ASSET MANAGEMENT INC

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Sector Allocation

Technology

35.30%

Financial Services

13.20%

Consumer Cyclical

9.30%

Communication Services

9.10%

Healthcare

8.80%

Industrials

8.40%

Consumer Defensive

4.20%

Utilities

3.00%

Basic Materials

2.40%

Energy

2.40%

Real Estate

1.90%

ETF

0.70%

Market Cap Distribution

Mega Cap (> $200B)

44.83%

Large Cap ($10B - $200B)

43.73%

Mid Cap ($2B - $10B)

7.19%

Small Cap ($300M - $2B)

2.22%

Micro Cap ($50M - $300M)

0.16%

Nano Cap (< $50M)

0.25%

N/A (ETF or Unknown)

1.63%

Portfolio Concentration

Top 10 Holdings %

33.66%

Top 20 Holdings %

42.57%

Top 50 Holdings %

59.52%

Top 100 Holdings %

75.31%