MARTINGALE ASSET MANAGEMENT L P

BOSTON, MA · CIK 936944 · 13F filing filed 2026-08-13

SEC-registered investment adviser since 1987 · limited partnership

Assets managed$4.2bn
Staff25 · 9 in investment roles
Main clients (by assets)Private funds 41%, State and local governments 30%, Insurers 18%
Private funds2 (1 hedge) · $490.1m gross assets
Websitemartingale.com
Form ADV · 2026-03-27SEC adviser record

Legal entityMARTINGALE ASSET MANAGEMENT, L.P. (US)

Kindhedge funds
Others nearbyBoston, MA

As an employer

Offices in1 country
Private fundsother private 1, hedge 1

$4.2bn reported value +5.9% vs Q1 2026

828positions

11.5%in top 10

110 new 329 added 335 reduced 76 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLE INC COM AAPL	AAPL	209,754	$60.7m1.44%	1.44%	Reduced -8.7k	-8,687 -4.0%
2	ALPHABET INC CAP STK CL A GOOGL	GOOGL	156,332	$55.9m1.32%	1.32%	Reduced -5.4k	-5,408 -3.3%
3	AMAZON COM INC COM AMZN	AMZN	214,015	$51.0m1.21%	1.21%	Added +1.5k	+1,539 0.7%
4	ELI LILLY & CO COM LLY	LLY	40,766	$48.9m1.16%	1.16%	Added +480	+480 1.2%
5	NVIDIA CORPORATION COM NVDA	NVDA	241,143	$48.3m1.14%	1.14%	Added +62.6k	+62,628 35.1%
6	MICROSOFT CORP COM MSFT	MSFT	125,476	$46.8m1.11%	1.11%	Added +5.5k	+5,475 4.6%
7	JOHNSON & JOHNSON COM JNJ	JNJ	184,122	$46.8m1.11%	1.11%	Reduced -7.9k	-7,879 -4.1%
8	JPMORGAN CHASE & CO COM JPM	JPM	130,544	$42.7m1.01%	1.01%	Added +4.6k	+4,562 3.6%
9	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	85,344	$42.7m1.01%	1.01%	Added +1.4k	+1,376 1.6%
10	META PLATFORMS INC CL A META	META	72,879	$41.1m0.97%	0.97%	Added +14.1k	+14,088 24.0%
11	ABBVIE INC COM ABBV	ABBV	160,685	$40.4m0.96%	0.96%	Reduced -2.6k	-2,620 -1.6%
12	EXXONMOBIL HOLDINGS CORP COM SHS STOCK XOM	XOM	273,090	$37.3m0.88%	0.88%	New
13	CISCO SYS INC COM CSCO	CSCO	317,063	$37.2m0.88%	0.88%	Reduced -185.3k	-185,316 -36.9%
14	VISA INC COM CL A V	V	102,812	$35.3m0.84%	0.84%	Reduced -462	-462 -0.5%
15	MERCK & CO INC COM MRK	MRK	274,491	$35.3m0.84%	0.84%	Reduced -20.4k	-20,434 -6.9%
16	WALMART INC COM WMT	WMT	304,290	$34.5m0.82%	0.82%	Reduced -9.5k	-9,505 -3.0%
17	GE AEROSPACE COM NEW GE	GE	91,515	$34.2m0.81%	0.81%	Reduced -2.0k	-1,992 -2.1%
18	ALTRIA GROUP INC COM MO	MO	462,014	$33.2m0.79%	0.79%	Reduced -22.0k	-21,976 -4.5%
19	COSTCO WHSL CORP NEW COM COST	COST	35,161	$32.9m0.78%	0.78%	Reduced -982	-982 -2.7%
20	MASTERCARD INCORPORATED CL A MA	MA	62,845	$32.3m0.76%	0.76%	Added +696	+696 1.1%
21	VALERO ENERGY CORP COM VLO	VLO	119,405	$31.1m0.74%	0.74%	Reduced -4.6k	-4,638 -3.7%
22	TRAVELERS COMPANIES INC COM TRV	TRV	93,416	$30.8m0.73%	0.73%	Reduced -2.2k	-2,180 -2.3%
23	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	520,919	$30.0m0.71%	0.71%	Reduced -13.7k	-13,746 -2.6%
24	PHILIP MORRIS INTL INC COM PM	PM	159,946	$28.9m0.69%	0.69%	Reduced -6.1k	-6,115 -3.7%
25	AMERICAN EXPRESS CO COM AXP	AXP	85,205	$28.8m0.68%	0.68%	Reduced -3.5k	-3,483 -3.9%
26	PROCTER AND GAMBLE CO COM PG	PG	196,304	$28.8m0.68%	0.68%	Reduced -23.4k	-23,395 -10.7%
27	MARATHON PETE CORP COM MPC	MPC	112,067	$28.7m0.68%	0.68%	Reduced -4.7k	-4,736 -4.0%
28	ALLSTATE CORP COM ALL	ALL	120,099	$28.6m0.68%	0.68%	Reduced -4.6k	-4,567 -3.7%
29	HOME DEPOT INC COM HD	HD	80,881	$28.5m0.68%	0.68%	Reduced -1.9k	-1,950 -2.4%
30	RTX CORPORATION COM RTX	RTX	148,783	$28.2m0.67%	0.67%	Reduced -461	-461 -0.3%
31	GENERAL DYNAMICS CORP COM GD	GD	79,295	$28.1m0.67%	0.67%	Reduced -189	-189 -0.2%
32	VERIZON COMMUNICATIONS INC COM VZ	VZ	660,634	$28.0m0.66%	0.66%	Reduced -7.9k	-7,914 -1.2%
33	COCA COLA CO COM KO	KO	338,464	$27.5m0.65%	0.65%	Added +44.4k	+44,379 15.1%
34	CHEVRON CORP NEW COM CVX	CVX	164,221	$27.2m0.64%	0.64%	Reduced -4.1k	-4,058 -2.4%
35	T-MOBILE US INC COM TMUS	TMUS	156,620	$26.3m0.62%	0.62%	Added +40.6k	+40,587 35.0%
36	AT&T INC COM T	T	1,225,194	$25.4m0.60%	0.60%	Reduced -76.5k	-76,462 -5.9%
37	HUNT J B TRANS SVCS INC COM JBHT	JBHT	86,977	$25.2m0.60%	0.60%	Reduced -8.4k	-8,362 -8.8%
38	CONSOLIDATED EDISON INC COM ED	ED	223,640	$24.7m0.59%	0.59%	Reduced -3.0k	-3,025 -1.3%
39	CARDINAL HEALTH INC COM CAH	CAH	102,931	$24.5m0.58%	0.58%	Reduced -1.6k	-1,587 -1.5%
40	BROADCOM INC COM AVGO	AVGO	64,591	$24.4m0.58%	0.58%	Added +9.7k	+9,676 17.6%
41	LOCKHEED MARTIN CORP COM LMT	LMT	47,657	$24.3m0.58%	0.58%	Added +33	+33 0.1%
42	HARTFORD INSURANCE GROUP INC COM HIG	HIG	181,261	$24.0m0.57%	0.57%	Reduced -14.0k	-14,010 -7.2%
43	PEPSICO INC COM PEP	PEP	176,321	$23.9m0.57%	0.57%	Reduced -2.3k	-2,334 -1.3%
44	DTE ENERGY CO COM DTE	DTE	154,854	$23.6m0.56%	0.56%	Reduced -11.3k	-11,306 -6.8%
45	TD SYNNEX CORPORATION COM SNX	SNX	86,701	$23.2m0.55%	0.55%	Added +51.3k	+51,349 145.2%
46	GILEAD SCIENCES INC COM GILD	GILD	181,879	$23.0m0.54%	0.54%	Added +2.4k	+2,417 1.4%
47	NEWMONT CORP COM NEM	NEM	244,785	$22.9m0.54%	0.54%	Reduced -10.1k	-10,119 -4.0%
48	PROGRESSIVE CORP COM PGR	PGR	104,623	$22.9m0.54%	0.54%	Added +4.7k	+4,684 4.7%
49	AMEREN CORP COM AEE	AEE	201,750	$22.8m0.54%	0.54%	Reduced -151	-151 -0.1%
50	AMGEN INC COM AMGN	AMGN	62,656	$22.7m0.54%	0.54%	Reduced -1.1k	-1,080 -1.7%
51	PHILLIPS 66 COM PSX	PSX	133,283	$22.5m0.53%	0.53%	Added +53.6k	+53,562 67.2%
52	F5 INC COM FFIV	FFIV	53,475	$22.2m0.53%	0.53%	Added +3.3k	+3,303 6.6%
53	FEDEX CORP COM FDX	FDX	70,901	$22.2m0.53%	0.53%	Reduced -1.6k	-1,562 -2.2%
54	KROGER CO COM KR	KR	398,331	$22.1m0.52%	0.52%	Added +950	+950 0.2%
55	MCDONALDS CORP COM MCD	MCD	81,010	$21.9m0.52%	0.52%	Reduced -289	-289 -0.4%
56	EXELON CORP COM EXC	EXC	465,479	$21.7m0.51%	0.51%	Reduced -47.0k	-47,021 -9.2%
57	AMERIPRISE FINL INC COM AMP	AMP	47,039	$21.6m0.51%	0.51%	Added +1.1k	+1,125 2.5%
58	CAPITAL ONE FINL CORP COM COF	COF	106,763	$21.4m0.51%	0.51%	Added +3.2k	+3,167 3.1%
59	AMERICAN ELEC PWR CO INC COM AEP	AEP	155,495	$21.3m0.50%	0.50%	Reduced -3.1k	-3,150 -2.0%
60	TJX COS INC NEW COM TJX	TJX	140,396	$21.3m0.50%	0.50%	Reduced -4.6k	-4,577 -3.2%
61	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	42,729	$21.2m0.50%	0.50%	Reduced -2.0k	-2,021 -4.5%
62	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	50,916	$21.1m0.50%	0.50%	Added +3.7k	+3,740 7.9%
63	NORTHROP GRUMMAN CORP COM NOC	NOC	41,342	$21.1m0.50%	0.50%	Added +420	+420 1.0%
64	APPLIED MATLS INC COM AMAT	AMAT	28,918	$20.9m0.50%	0.50%	Added +24.8k	+24,801 602.4%
65	QUALCOMM INC COM QCOM	QCOM	112,657	$20.8m0.49%	0.49%	Reduced -52.5k	-52,466 -31.8%
66	MCKESSON CORP COM MCK	MCK	26,580	$20.1m0.48%	0.48%	Reduced -2.9k	-2,865 -9.7%
67	CASEYS GEN STORES INC COM CASY	CASY	24,325	$19.3m0.46%	0.46%	Reduced -6.5k	-6,499 -21.1%
68	CHUBB LIMITED COM CB	CB	56,252	$19.2m0.45%	0.45%	Reduced -9.9k	-9,880 -14.9%
69	INCYTE CORP COM INCY	INCY	168,818	$19.1m0.45%	0.45%	Added +4.2k	+4,172 2.5%
70	COLGATE PALMOLIVE CO COM CL	CL	208,218	$19.1m0.45%	0.45%	Reduced -4.5k	-4,463 -2.1%
71	WASTE MGMT INC DEL COM WM	WM	85,460	$19.0m0.45%	0.45%	Reduced -2.1k	-2,110 -2.4%
72	ADOBE INC COM ADBE	ADBE	92,756	$19.0m0.45%	0.45%	Added +361	+361 0.4%
73	MUELLER INDS INC COM MLI	MLI	153,845	$18.9m0.45%	0.45%	Reduced -3.8k	-3,836 -2.4%
74	CHENIERE ENERGY INC COM NEW LNG	LNG	77,408	$18.5m0.44%	0.44%	Reduced -30.5k	-30,458 -28.2%
75	POPULAR INC COM NEW BPOP	BPOP	111,997	$18.4m0.44%	0.44%	Reduced -8.0k	-8,019 -6.7%
76	ARISTA NETWORKS INC COM SHS ANET	ANET	107,105	$18.2m0.43%	0.43%	Added +38.8k	+38,784 56.8%
77	DISNEY WALT CO COM DIS	DIS	189,004	$18.2m0.43%	0.43%	Reduced -4.7k	-4,714 -2.4%
78	EDISON INTL COM EIX	EIX	243,047	$18.1m0.43%	0.43%	Added +101.2k	+101,213 71.4%
79	HANOVER INS GROUP INC COM THG	THG	83,765	$17.9m0.42%	0.42%	Added +5.1k	+5,147 6.5%
80	EVEREST GROUP LTD COM EG	EG	50,131	$17.9m0.42%	0.42%	Reduced -7	-7 -0.0%
81	LAM RESEARCH CORP COM NEW LRCX	LRCX	41,095	$17.8m0.42%	0.42%	Reduced -1.2k	-1,173 -2.8%
82	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	35,160	$17.6m0.42%	0.42%	Added +31.2k	+31,245 798.1%
83	SCHWAB CHARLES CORP COM SCHW	SCHW	189,880	$17.5m0.41%	0.41%	Reduced -1.7k	-1,662 -0.9%
84	OGE ENERGY CORP COM OGE	OGE	355,297	$17.3m0.41%	0.41%	Added +3.2k	+3,155 0.9%
85	TEXAS INSTRS INC COM TXN	TXN	57,997	$17.3m0.41%	0.41%	Added +52.4k	+52,368 930.3%
86	ENTERGY CORP NEW COM ETR	ETR	146,979	$16.9m0.40%	0.40%	Reduced -39.9k	-39,851 -21.3%
87	TYSON FOODS INC CL A TSN	TSN	290,058	$16.6m0.39%	0.39%	Reduced -420	-420 -0.1%
88	RENAISSANCERE HLDGS LTD COM RNR	RNR	52,003	$16.5m0.39%	0.39%	Added +354	+354 0.7%
89	TEXTRON INC COM TXT	TXT	179,133	$16.4m0.39%	0.39%	Reduced -3.3k	-3,323 -1.8%
90	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	202,081	$16.4m0.39%	0.39%	Reduced -99	-99 -0.1%
91	REPUBLIC SVCS INC COM RSG	RSG	75,032	$16.0m0.38%	0.38%	Reduced -1.0k	-1,015 -1.3%
92	PARKER-HANNIFIN CORP COM PH	PH	15,804	$15.5m0.37%	0.37%	Reduced -244	-244 -1.5%
93	ABBOTT LABS COM ABT	ABT	166,812	$15.1m0.36%	0.36%	Reduced -26.9k	-26,893 -13.9%
94	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	51,507	$15.0m0.35%	0.35%	Reduced -329	-329 -0.6%
95	GENERAL MTRS CO COM GM	GM	191,263	$14.7m0.35%	0.35%	Added +176	+176 0.1%
96	MICRON TECHNOLOGY INC COM MU	MU	12,756	$14.7m0.35%	0.35%	Added +3.1k	+3,073 31.7%
97	ZOOM COMMUNICATIONS INC CL A ZM	ZM	168,304	$14.5m0.34%	0.34%	Reduced -84.3k	-84,320 -33.4%
98	ANGLOGOLD ASHANTI PLC COM SHS AU	AU	178,721	$14.5m0.34%	0.34%	Reduced -77.9k	-77,869 -30.4%
99	JAZZ PHARMACEUTICALS PLC SHS USD JAZZ	JAZZ	59,492	$14.3m0.34%	0.34%	Added +12.8k	+12,771 27.3%
100	AUTODESK INC COM ADSK	ADSK	72,583	$14.1m0.33%	0.33%	Added +308	+308 0.4%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
EXXON MOBIL CORP XOM	XOM	276,516	$46.9m276.5k shares
ZOETIS INC ZTS	ZTS	49,722	$5.9m49.7k shares
HONEYWELL INTL INC		12,716	$5.7m12.7k shares
AUTOMATIC DATA PROCESSING IN ADP	ADP	27,959	$5.7m28.0k shares
FLOWSERVE CORP FLS	FLS	60,206	$4.4m60.2k shares
ALLISON TRANSMISSION HLDGS I ALSN	ALSN	30,726	$3.6m30.7k shares
CATALYST PHARMACEUTICALS INC CPRX	CPRX	139,535	$3.5m139.5k shares
CARNIVAL CORP		116,772	$3.0m116.8k shares
MSC INDL DIRECT INC MSM	MSM	31,782	$2.9m31.8k shares
THERMON GROUP HLDGS INC		54,709	$2.8m54.7k shares
SERVICENOW INC NOW	NOW	24,500	$2.6m24.5k shares
AVANOS MED INC AVNS	AVNS	180,360	$2.5m180.4k shares
NEXTRACKER INC NXT	NXT	14,220	$1.7m14.2k shares
NUVALENT INC		16,321	$1.7m16.3k shares
ARTISAN PARTNERS ASSET MGMT APAM	APAM	41,239	$1.5m41.2k shares
HBT FINL INC. HBT	HBT	54,917	$1.5m54.9k shares
INVESTAR HOLDING CORP ISTR	ISTR	52,739	$1.4m52.7k shares
KALVISTA PHARMACEUTICALS INC KALV	KALV	69,945	$1.4m69.9k shares
COMMERCIAL METALS CO CMC	CMC	22,904	$1.4m22.9k shares
PRIMORIS SVCS CORP PRIM	PRIM	9,665	$1.4m9.7k shares
SUN CTRY AIRLS HLDGS INC SNCY	SNCY	80,346	$1.3m80.3k shares
WORKDAY INC WDAY	WDAY	9,468	$1.2m9.5k shares
AVNET INC AVT	AVT	18,832	$1.2m18.8k shares
G III APPAREL GROUP LTD GIII	GIII	38,714	$1.1m38.7k shares
CALIFORNIA RES CORP CRC	CRC	14,327	$991.7k14.3k shares