Forty-seven of the top-200 alpha managers filed new $RTX positions for Q1 2026, against zero exits and two trims — a structurally lopsided quarter for Raytheon Technologies. The cohort now stands at 69 holders, up from 22 the prior period. Eastover Investment Advisors initiated at 4.35% and Cacti Asset Management at 3.51%, the two largest opening weights in the cohort.
Among the initiations, Terra Nova Asset Management opened at 2.66%, Barnett & Company at 2.30%, and Legacy Wealth Management at 1.99%. The two trims were meaningful in scale if not in number: Citigroup cut from 2.27% to 0.24% (−2.03pp) and Quad-Cities Investment Group reduced from 2.16% to 0.27% (−1.89pp). Both were existing holders, and both remain in the name.
The cohort's average position weight sits at 0.69%, with a range of effectively 0.00% to 4.35%. That spread reflects a broad distribution rather than concentrated conviction — most of the 47 initiations landed below 0.30%. Elefante Mark B and Vista Investment Partners, the two largest holders by weight from the prior quarter, held near-flat at 3.27% (+0.05pp) and 2.78% (+0.03pp) respectively.
Forty-seven new filers in a single quarter is an unusual volume of simultaneous entry for one name. Whether that reflects index rebalancing mechanics, a common benchmark shift, or something else is not legible from 13F data alone — but the breadth is notable on its face.