Rafferty Asset Management, LLC

Rafferty Asset Management, LLC is an institution based in New York, NY led by Douglas Michael Yones, reporting $47.1B in AUM as of Q3 2025 with 44% Technology concentration and 44% technology allocation.

CEODouglas Michael Yones

Portfolio Value: $30.8B
Positions: 1,106
Top Holding: TLT at 10.58%
Last Reported: Q3 2025

Address1301 Avenue Of The Americas, 28th Floor, New York, NY, 10019, United States

Top Holdings

Largest long holdings in Rafferty Asset Management, LLC's portfolio (39.9% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares 20+ Year Treasury Bond TLT	ETF ETF	$3.3B	10.58%	-$278.0M Sold	— 36.5M shares	≤ Q2 2013 Held for 12y 6m+
2 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$1.6B	5.35%	-$122.2M Sold	0.11% 3.7M shares	Q4 2013 Held for 12 years
3 iShares Russell 2000 IWM	ETF ETF	$1.6B	5.14%	-$47.3M Sold	— 6.6M shares	≤ Q2 2013 Held for 12y 6m+
4 Nvidia NVDA	Semiconductors Technology	$1.6B	5.14%	-$320.6M Sold	0.03% 8.5M shares	≤ Q2 2013 Held for 12y 6m+
5 Broadcom Inc. AVGO	Semiconductors Technology	$983.5M	3.19%	-$266.8M Sold	0.06% 3.0M shares	≤ Q2 2013 Held for 12y 6m+
6 Microsoft MSFT	Software - Infrastructure Technology	$727.8M	2.36%	-$5.0M Sold	0.02% 1.4M shares	Q4 2013 Held for 12 years
7 Apple AAPL	Consumer Electronics Technology	$725.5M	2.35%	-$44.7M Sold	0.02% 2.8M shares	Q3 2013 Held for 12y 3m
8 Advanced Micro Devices AMD	Semiconductors Technology	$708.6M	2.30%	-$387.2M Sold	0.27% 4.4M shares	Q3 2016 Held for 9y 3m
9 iShares China Large-Cap ETF FXI	ETF ETF	$548.0M	1.78%	+$15.9M Bought	— 13.3M shares	Q4 2013 Held for 12 years
10 Qualcomm QCOM	Semiconductors Technology	$542.5M	1.76%	-$192.6M Sold	0.30% 3.3M shares	Q4 2013 Held for 12 years

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Rafferty Asset Management, LLC's latest filing

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Market Value

$30.8B

Prior: $30.3B

Q/Q Change

+1.71%

+$519.9M

Net Flows % of MV

-9.95%

Turnover Ratio

9.45%

New Purchases

34 stocks

$558.2M

Added To

529 stocks

+$746.0M

Sold Out Of

40 stocks

$539.5M

Reduced Holdings

507 stocks

-$3.8B

Increased Positions

Position	Shares Δ	Change
1 Astera Labs, Inc. ALAB	New	0 → 1.1M +$209.6M
2 Credo Technology Group Holding Ltd CRDO	New	0 → 1.3M +$183.6M
3 Nova Ltd. NVMI	New	0 → 248.4K +$79.4M
4 MACOM Technology Solutions MTSI	New	0 → 542.1K +$67.5M
5 Cidara Therapeutics CDTX	New	0 → 31.5K +$3.0M

Decreased Positions

Position	Shares Δ	Change
1 Qorvo QRVO	Sold	1.2M → 0 −$103.1M
2 Universal Display OLED	Sold	574.2K → 0 −$88.7M
3 Lattice Semiconductor LSCC	Sold	1.8M → 0 −$87.5M
4 MKS Instruments MKSI	Sold	878.1K → 0 −$87.2M
5 Onto Innovation ONTO	Sold	639.6K → 0 −$64.6M

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Analytics

Portfolio insights and performance metrics for Rafferty Asset Management, LLC

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Sector Allocation

Technology

44.00%

ETF

22.40%

Financial Services

9.70%

Consumer Cyclical

8.50%

Healthcare

3.60%

Industrials

2.90%

Communication Services

2.40%

Energy

1.70%

Consumer Defensive

1.10%

Utilities

0.70%

Real Estate

0.50%

Basic Materials

0.40%

Market Cap Distribution

Mega Cap (> $200B)

33.21%

Large Cap ($10B - $200B)

37.39%

Mid Cap ($2B - $10B)

3.10%

Small Cap ($300M - $2B)

0.60%

Micro Cap ($50M - $300M)

0.00%

Nano Cap (< $50M)

0.16%

N/A (ETF or Unknown)

25.54%

Portfolio Concentration

Top 10 Holdings %

39.94%

Top 20 Holdings %

54.63%

Top 50 Holdings %

73.23%

Top 100 Holdings %

82.31%