DaveManuel.com · Institutional Ownership · 13F Holdings
Malaga Cove Capital, LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ON SEMICONDUCTOR CORP | ON | $12.5M | 161,993 | -1.06pp | 32q | -3.6%-$469.8K | |
| SPDR SERIES TRUST | BIL | $12.1M | 132,035 | +1.02pp | 12q | +34.5%+$3.1M | |
| ISHARES TR | SGOV | $11.0M | 108,793 | +0.53pp | 6q | +16.7%+$1.6M | |
| AMAZON COM INC | AMZN | $10.4M | 41,762 | -0.07pp | 32q | -7.1%-$791.8K | |
| CATERPILLAR INC | CAT | $10.3M | 12,681 | -1.17pp | 32q | -3.9%-$418.4K | |
| QUANTA SVCS INC | PWR | $9.1M | 14,110 | -0.35pp | 27q | -0.9%-$78.4K | |
| JPMORGAN CHASE & CO | JPM | $7.6M | 22,838 | +0.05pp | 32q | HELD | |
| MARVELL TECHNOLOGY INC | MRVL | $6.5M | 24,723 | -1.12pp | 21q | -27.0%-$2.4M | |
| CROWDSTRIKE HLDGS INC | CRWD | $6.5M | 24,402 | +0.55pp | 28q | -2.5%-$166.8K | |
| ALPHABET INC | GOOGL | $6.1M | 17,811 | -0.20pp | 32q | -6.7%-$437.0K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $5.9M | 12,862 | -0.03pp | 32q | +1.9%+$111.3K | |
| FEDEX CORP | FDX | $5.4M | 18,924 | -0.20pp | 32q | -2.4%-$135.1K | |
| APPLE INC | AAPL | $5.3M | 15,948 | +0.22pp | 32q | -0.9%-$46.6K | |
| AMGEN INC | AMGN | $5.2M | 12,328 | +0.14pp | 32q | -6.9%-$386.5K | |
| TESLA INC | TSLA | $4.9M | 13,833 | -0.24pp | 32q | +2.0%+$96.2K | |
| RTX CORPORATION | RTX | $4.9M | 26,333 | +0.05pp | 26q | +4.7%+$218.3K | |
| SPOTIFY TECHNOLOGY S A | SPOT | $4.8M | 9,920 | +0.10pp | 27q | HELD | |
| META PLATFORMS INC | META | $4.7M | 6,532 | +0.33pp | 32q | -1.8%-$84.8K | |
| CHARLES SCHWAB CORP (THE) | SCHW | $4.7M | 47,762 | +0.11pp | 32q | +0.7%+$30.4K | |
| FIGS INC | FIGS | $4.6M | 333,003 | +0.37pp | 14q | -2.4%-$115.9K | |
| MERCK & CO INC | MRK | $4.0M | 27,864 | +0.15pp | 27q | -1.3%-$53.9K | |
| GRUPO AEROPORTUNARIO DEL PAC | PAC | $3.7M | 17,910 | -0.26pp | 32q | HELD | |
| DATADOG INC | DDOG | $3.6M | 13,046 | +0.06pp | 25q | HELD | |
| NVIDIA CORPORATION | NVDA | $3.5M | 15,515 | +0.06pp | 21q | -8.4%-$327.0K | |
| VISA INC | V | $3.4M | 9,538 | +0.06pp | 32q | HELD | |
| BROADCOM INC | AVGO | $3.3M | 9,488 | +0.03pp | 18q | +10.0%+$303.1K | |
| CLOUDFLARE INC | NET | $3.3M | 9,587 | +0.24pp | 20q | -9.5%-$348.0K | |
| ARISTA NETWORKS INC | ANET | $3.3M | 16,288 | +0.16pp | 7q | -2.3%-$79.6K | |
| FREEPORT-MCMORAN INC | FCX | $3.0M | 43,010 | +0.02pp | 21q | -9.5%-$315.6K | |
| OLD DOMINION FREIGHT LINE IN | ODFL | $2.6M | 15,182 | +0.14pp | 32q | +47.3%+$847.3K | |
| VIVMARK RESIDENTIAL | VMRK | $2.6M | 42,369 | - | new | NEW | |
| MICROSOFT CORP | MSFT | $2.5M | 4,950 | +0.20pp | 26q | -4.9%-$129.8K | |
| ASML HLDG NV | ASML | $2.5M | 1,395 | -0.14pp | 20q | -7.4%-$202.9K | |
| DEERE CO | DE | $2.4M | 3,561 | +0.04pp | 22q | -1.6%-$38.3K | |
| INTUITIVE SURGICAL INC | ISRG | $2.3M | 5,544 | +0.02pp | 18q | -0.8%-$18.3K | |
| CISCO SYS INC | CSCO | $2.3M | 20,926 | -0.07pp | 32q | -1.7%-$39.4K | |
| AIRBNB INC | ABNB | $2.2M | 13,838 | +0.15pp | 9q | +12.1%+$240.8K | |
| COSTCO WHOLESALE CORPORATION | COST | $2.2M | 2,421 | -0.06pp | 24q | -6.4%-$151.1K | |
| ADVANCED MICRO DEVICES INC | AMD | $2.1M | 3,406 | -0.01pp | 4q | -7.2%-$161.5K | |
| THERMO FISHER SCIENTIFIC INC | TMO | $2.1M | 3,069 | +0.16pp | 14q | -3.5%-$75.6K | |
| NETFLIX INC. | NFLX | $2.0M | 29,366 | +0.06pp | 15q | +11.6%+$211.7K | |
| SHOPIFY INC | SHOP | $2.0M | 13,660 | +0.09pp | 19q | -11.0%-$251.2K | |
| L3HARRIS TECHNOLOGIES INC | LHX | $2.0M | 8,475 | -0.09pp | 28q | +6.7%+$126.0K | |
| GRUPO AEROPORTUARIO DEL CENT | OMAB | $2.0M | 20,302 | -0.16pp | 21q | -8.0%-$170.1K | |
| HYATT HOTELS CORP | H | $1.9M | 12,110 | +0.05pp | 12q | +32.7%+$473.6K | |
| ISHARES TR | TFLO | $1.9M | 36,606 | +0.05pp | 5q | +8.8%+$149.6K | |
| nan | MELI | $1.8M | 1,056 | +0.02pp | 20q | HELD | |
| CORPORACION AMER ARPTS S A | CAAP | $1.8M | 69,562 | -0.01pp | 24q | -3.0%-$55.4K | |
| SENTINELONE INC | S | $1.7M | 72,800 | -0.16pp | 10q | -44.9%-$1.4M | |
| JACOBS SOLUTIONS INC | J | $1.7M | 12,743 | +0.02pp | 17q | -4.7%-$84.7K | |
| ELI LILLY & CO | LLY | $1.7M | 1,469 | -0.03pp | 6q | -2.5%-$42.8K | |
| VAIL RESORTS INC | MTN | $1.7M | 12,315 | -0.06pp | 32q | -11.8%-$226.2K | |
| CONOCOPHILLIPS | COP | $1.7M | 13,413 | +0.09pp | 10q | HELD | |
| SERVICENOW INC | NOW | $1.6M | 12,174 | +0.12pp | 18q | -4.6%-$79.1K | |
| FIRST CTZNS BANCSHARES INC D | FCNCA | $1.6M | 791 | flat | 7q | HELD | |
| ORACLE CORP | ORCL | $1.6M | 11,659 | -0.03pp | 32q | HELD | |
| LOUISIANA PAC CORP | LPX | $1.6M | 24,635 | +0.07pp | 8q | +38.9%+$445.3K | |
| SAMSARA INC | IOT | $1.6M | 40,906 | +0.03pp | 5q | -9.5%-$164.2K | |
| UNION PAC CORP | UNP | $1.5M | 5,654 | +0.03pp | 21q | +4.7%+$69.1K | |
| DANAHER CORP DEL | DHR | $1.5M | 6,826 | +0.07pp | 19q | HELD | |
| ON HLDG AG | ONON | $1.4M | 48,745 | -0.05pp | 10q | +7.2%+$97.4K | |
| MSCI INC | MSCI | $1.4M | 2,642 | +0.05pp | 10q | +16.3%+$199.3K | |
| ALPHABET INC | GOOG | $1.4M | 4,013 | -0.01pp | 19q | HELD | |
| KEURIG DR PEPPER INC | KDP | $1.4M | 44,535 | +0.02pp | 6q | +10.9%+$132.8K | |
| TEXAS PACIFIC LAND CORPORATI | TPL | $1.3M | 4,073 | -0.06pp | 5q | +16.3%+$185.7K | |
| WD-40 CO | WDFC | $1.3M | 6,512 | +0.09pp | 4q | +50.1%+$439.1K | |
| VERTEX PHARMACEUTICALS INC | VRTX | $1.3M | 2,459 | +0.03pp | 8q | +2.2%+$28.2K | |
| VERISK ANALYTICS INC | VRSK | $1.2M | 7,354 | -0.07pp | 10q | -9.2%-$125.4K | |
| IQVIA HLDGS INC | IQV | $1.2M | 4,573 | +0.11pp | 10q | -1.4%-$17.2K | |
| SALESFORCE INC | CRM | $1.2M | 5,312 | +0.10pp | 17q | -9.0%-$121.0K | |
| BLACKROCK INC | BLK | $1.2M | 1,151 | +0.04pp | 8q | HELD | |
| PALO ALTO NETWORKS INC | PANW | $1.2M | 3,042 | +0.06pp | 3q | +1.7%+$19.9K | |
| LANDBRIDGE COMPANY LLC | LB | $1.2M | 14,850 | +0.01pp | 8q | -0.8%-$9.8K | |
| BP PLC | BP | $1.2M | 27,050 | +0.05pp | 15q | -5.6%-$69.9K | |
| ASTRAZENECA PLC | AZN | $1.1M | 6,984 | -0.05pp | 3q | +2.8%+$31.2K | |
| SNOWFLAKE INC | SNOW | $1.1M | 3,297 | +0.08pp | 13q | -3.8%-$44.5K | |
| AXON ENTERPRISE INC | AXON | $1.1M | 2,645 | +0.06pp | 3q | +56.5%+$403.5K | |
| EVERPURE INC | P | $1.1M | 8,402 | +0.13pp | 4q | -4.1%-$46.7K | |
| DYNATRACE INC | DT | $1.1M | 19,006 | +0.07pp | 5q | -7.1%-$84.2K | |
| GOLDMAN SACHS GROUP INC | GS | $1.1M | 1,202 | -0.04pp | 23q | -0.7%-$7.2K | |
| GRUPO AEROPORTUARIO DEL SURE | ASR | $1.1M | 4,505 | +0.03pp | 9q | +39.6%+$300.6K | |
| ACCENTURE PLC IRELAND | ACN | $1.0M | 5,697 | +0.08pp | 5q | -11.1%-$130.4K | |
| GE HEALTHCARE TECHNOLOGIES I | GEHC | $1.0M | 15,908 | +0.03pp | 7q | +8.4%+$80.2K | |
| UBER TECHNOLOGIES INC | UBER | $973.4K | 14,208 | +0.23pp | 7q | +312.5%+$737.4K | |
| ELEVANCE HEALTH INC FORMERLY | ELV | $958.1K | 2,464 | +0.01pp | 6q | +1.3%+$12.1K | |
| AMPHENOL CORP | APH | $956.0K | 11,341 | +0.09pp | 2q | +46.7%+$304.2K | |
| VULCAN MATLS CO | VMC | $953.6K | 3,898 | -0.05pp | 8q | +2.4%+$22.5K | |
| ADOBE INC | ADBE | $943.7K | 3,933 | -0.03pp | 29q | -21.9%-$264.7K | |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $927.7K | 10,443 | +0.02pp | 5q | +3.3%+$30.0K | |
| NORFOLK SOUTHN CORP | NSC | $924.2K | 2,991 | -0.03pp | 12q | -9.6%-$98.0K | |
| RED ROCK RESORTS INC | RRR | $908.8K | 18,345 | -0.12pp | 13q | -7.4%-$73.0K | |
| CSX CORP | CSX | $868.1K | 18,664 | -0.01pp | 13q | -2.3%-$20.8K | |
| GRAYSCALE BITCOIN TRUST ETF | GBTC | $856.1K | 13,255 | +0.08pp | 9q | -1.0%-$8.4K | |
| EDWARDS LIFESCIENCES CORP | EW | $851.3K | 9,862 | flat | 15q | +3.9%+$32.2K | |
| FEDEX FGHT HLDG CO INC | FDXF | $820.6K | 7,502 | -0.19pp | 2q | -21.2%-$220.3K | |
| TRADEWEB MKTS INC | TW | $820.0K | 8,132 | flat | 5q | -3.2%-$26.7K | |
| COGNEX CORP | CGNX | $807.6K | 13,316 | +0.08pp | 4q | +69.7%+$331.6K | |
| INTUIT | INTU | $805.1K | 2,920 | +0.10pp | 16q | +52.2%+$276.3K | |
| EATON CORP PLC | ETN | $795.8K | 1,852 | -0.01pp | 4q | -6.1%-$52.0K | |
| INTERACTIVE BROKERS GROUP IN | IBKR | $794.7K | 9,304 | flat | 8q | HELD | |
| GLOBAL PMTS INC | GPN | $770.9K | 9,439 | +0.01pp | 21q | -9.6%-$82.2K | |
| ICON PUB LTD CO | ICLR | $764.8K | 4,499 | +0.04pp | 14q | +21.9%+$137.2K | |
| TEXAS INSTRS INC | TXN | $756.0K | 2,699 | -0.02pp | 12q | -3.9%-$30.8K | |
| MEDTRONIC PLC | MDT | $735.9K | 8,528 | +0.02pp | 19q | -2.3%-$17.4K | |
| QUALCOMM INC | QCOM | $729.7K | 3,965 | -0.03pp | 14q | -10.7%-$87.1K | |
| CARRIER GLOBAL CORPORATION | CARR | $720.8K | 13,138 | -0.06pp | 12q | +6.6%+$44.8K | |
| CADENCE DESIGN SYSTEM INC | CDNS | $693.1K | 2,099 | +0.01pp | 9q | +17.8%+$104.7K | |
| CAPITAL ONE FINL CORP | COF | $677.3K | 3,508 | -0.01pp | 17q | -2.8%-$19.3K | |
| NUCOR CORP | NUE | $664.1K | 2,841 | +0.04pp | 3q | +14.1%+$81.8K | |
| LINDE PLC | LIN | $662.1K | 1,395 | +0.01pp | 4q | +14.2%+$82.1K | |
| E L F BEAUTY INC | ELF | $643.9K | 6,377 | +0.04pp | 5q | -9.8%-$70.3K | |
| BOOKING HOLDINGS INC | BKNG | $623.8K | 3,829 | - | new | NEW | |
| FIVE BELOW INC | FIVE | $607.3K | 2,766 | +0.11pp | 2q | +83.2%+$275.8K | |
| STRYKER CORPORATION | SYK | $601.7K | 2,185 | - | new | NEW | |
| COSTAR GROUP INC | CSGP | $594.2K | 21,686 | -0.04pp | 28q | -16.9%-$120.5K | |
| HOME DEPOT INC | HD | $592.3K | 2,082 | -0.02pp | 17q | +12.7%+$66.9K | |
| TARGET CORP | TGT | $579.9K | 3,701 | +0.02pp | 5q | -5.0%-$30.6K | |
| GENTEX CORP | GNTX | $579.5K | 26,658 | -0.01pp | 4q | +9.7%+$51.3K | |
| UNITEDHEALTH GROUP INC | UNH | $561.3K | 1,529 | -0.02pp | 4q | +3.5%+$18.7K | |
| ABBOTT LABORATORIES | ABT | $557.4K | 5,640 | flat | 13q | -9.3%-$57.0K | |
| OMNICOM GROUP INC | OMC | $539.7K | 7,330 | +0.04pp | 5q | +31.0%+$127.6K | |
| GARTNER INC | IT | $532.8K | 2,856 | +0.03pp | 3q | -19.2%-$126.8K | |
| WABTEC | WAB | $501.7K | 1,747 | +0.01pp | 4q | HELD | |
| CHEWY INC | CHWY | $501.7K | 27,565 | -0.01pp | 4q | +3.2%+$15.5K | |
| LPL FINL HLDGS INC | LPLA | $486.5K | 1,591 | +0.01pp | 5q | -4.4%-$22.3K | |
| NASDAQ INC | NDAQ | $479.9K | 5,216 | +0.02pp | 8q | -5.4%-$27.6K | |
| JOHNSON & JOHNSON | JNJ | $476.8K | 1,801 | +0.01pp | 12q | HELD | |
| MASTERCARD INCORPORATED | MA | $476.5K | 864 | +0.01pp | 3q | HELD | |
| TJX COS INC NEW | TJX | $458.9K | 3,468 | - | new | NEW | |
| HEICO CORP NEW | HEIA | $451.2K | 1,976 | +0.05pp | 3q | +64.3%+$176.5K | |
| TORO CO | TTC | $448.1K | 4,647 | +0.01pp | 5q | +6.8%+$28.6K | |
| UNILEVER PLC | UL | $446.9K | 7,359 | -0.01pp | 4q | -9.6%-$47.4K | |
| TARGA RES CORP | TRGP | $437.1K | 1,617 | flat | 3q | -1.8%-$7.8K | |
| BOSTON SCIENTIFIC CORP | BSX | $427.0K | 9,783 | +0.01pp | 4q | +2.9%+$12.0K | |
| NEUROCRINE BIOSCIENCES INC | NBIX | $417.3K | 2,942 | - | new | NEW | |
| STRIDE INC | LRN | $400.4K | 5,135 | flat | 4q | +7.0%+$26.4K | |
| LIVE NATION ENTERTAINMENT IN | LYV | $398.4K | 2,353 | flat | 7q | +8.8%+$32.2K | |
| COPART INC | CPRT | $396.5K | 14,534 | +0.01pp | 4q | +9.0%+$32.6K | |
| WESCO INTL INC | WCC | $385.5K | 1,072 | flat | 5q | -7.3%-$30.6K | |
| ASBURY AUTOMOTIVE GROUP INC | ABG | $373.9K | 2,170 | -0.04pp | 19q | -12.3%-$52.4K | |
| MORNINGSTAR INC | MORN | $367.0K | 1,931 | - | new | NEW | |
| HILTON WORLDWIDE HLDGS INC | HLT | $357.2K | 1,123 | -0.01pp | 7q | -2.7%-$9.9K | |
| AIR PRODUCTS AND CHEMICALS I | APD | $354.5K | 1,274 | flat | 4q | HELD | |
| SILVERCORP METALS INC | SVM | $345.7K | 32,402 | - | new | NEW | |
| WW GRAINGER INC | GWW | $341.3K | 274 | - | new | NEW | |
| NEBIUS GROUP N.V. | NBIS | $339.9K | 1,441 | -0.03pp | 2q | -5.9%-$21.2K | |
| CROWN HLDGS INC | CCK | $337.6K | 3,203 | flat | 3q | +7.8%+$24.5K | |
| ALPHA METALLURGICAL RESOUR I | AMR | $337.6K | 2,007 | -0.02pp | 9q | -16.8%-$68.3K | |
| REPLIGEN CORP | RGEN | $337.2K | 1,754 | +0.01pp | 5q | -18.8%-$78.0K | |
| FORTUNE BRANDS INNOVATIONS I | FBIN | $336.5K | 8,843 | -0.06pp | 5q | -6.6%-$23.7K | |
| CDW CORP | CDW | $331.3K | 2,585 | +0.01pp | 2q | +24.0%+$64.1K | |
| ROPER TECHNOLOGIES INC | ROP | $329.5K | 943 | -0.02pp | 18q | -17.3%-$68.8K | |
| CME GROUP INC | CME | $315.4K | 1,204 | +0.01pp | 2q | -6.4%-$21.5K | |
| CHOICE HOTELS INTL INC | CHH | $315.2K | 3,078 | -0.03pp | 11q | -17.0%-$64.7K | |
| YUM! BRANDS INC | YUM | $314.0K | 2,303 | flat | 2q | +20.6%+$53.7K | |
| AEHR TEST SYS | AEHR | $308.8K | 3,100 | -0.05pp | 3q | -36.7%-$179.3K | |
| APPLIED MATLS INC | AMAT | $308.4K | 603 | - | new | NEW | |
| ABERCROMBIE & FITCH CO | ANF | $304.7K | 2,262 | - | new | NEW | |
| TRANSDIGM GROUP INC | TDG | $302.0K | 279 | -0.02pp | 2q | -1.8%-$5.4K | |
| REGAL REXNORD CORPORATION | RRX | $301.2K | 1,942 | -0.04pp | 4q | +5.2%+$14.9K | |
| IDEXX LABS INC | IDXX | $292.4K | 560 | - | new | NEW | |
| LAM RESEARCH CORP | LRCX | $290.7K | 885 | -0.03pp | 2q | HELD | |
| EQUIFAX INC | EFX | $288.6K | 2,103 | -0.06pp | 8q | -31.1%-$130.1K | |
| EQUINIX INC | EQIX | $282.2K | 279 | flat | 2q | +2.2%+$6.1K | |
| EXPONENT INC | EXPO | $272.0K | 4,158 | +0.02pp | 10q | +8.4%+$21.1K | |
| TETRA TECH INC NEW | TTEK | $271.7K | 8,245 | flat | 4q | -15.1%-$48.4K | |
| SAP SE | SAP | $267.5K | 1,283 | +0.01pp | 4q | -19.8%-$66.1K | |
| INTAPP INC | INTA | $255.7K | 7,062 | flat | 9q | -27.2%-$95.8K | |
| APPLOVIN CORP | APP | $255.3K | 879 | - | new | NEW | |
| ROCKWELL AUTOMATION INC | ROK | $255.1K | 586 | -0.02pp | 3q | -7.3%-$20.0K | |
| THE TRADE DESK INC | TTD | $254.5K | 20,911 | -0.03pp | 21q | +7.8%+$18.5K | |
| PROGRESSIVE CORP | PGR | $254.0K | 1,225 | flat | 3q | +4.0%+$9.7K | |
| REXFORD INDL RLTY INC | REXR | $252.0K | 6,949 | -0.04pp | 2q | -36.2%-$142.8K | |
| S&P GLOBAL INC | SPGI | $249.7K | 633 | - | new | NEW | |
| ROSS STORES INC | ROST | $225.5K | 966 | flat | 2q | -12.4%-$32.0K | |
| RESMED INC | RMD | $221.1K | 1,000 | -0.01pp | 2q | -19.8%-$54.6K | |
| SYMBOTIC INC | SYM | $220.2K | 5,234 | -0.01pp | 3q | -11.9%-$29.8K | |
| SYNOPSYS INC | SNPS | $214.0K | 492 | -0.02pp | 6q | -18.4%-$48.3K | |
| FISERV INC | FISV | $207.1K | 4,583 | -0.02pp | 5q | -21.8%-$57.6K | |
| CARLISLE COS INC | CSL | $201.0K | 624 | flat | 3q | +5.2%+$10.0K | |
| NU HLDGS LTD | NU | $174.1K | 13,754 | -0.03pp | 4q | -29.7%-$73.7K | |
| BYRNA TECHNOLOGIES INC | BYRN | $126.1K | 38,625 | -0.07pp | 8q | -22.5%-$36.7K | |
| VITAL FARMS INC | VITL | $113.7K | 12,252 | -0.04pp | 4q | -43.1%-$86.2K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $45.4M | 14.6% |
| Semiconductors & Electronics | $36.7M | 11.8% |
| Retail & Consumer | $21.9M | 7.0% |
| Transport & Logistics | $21.3M | 6.8% |
| Industrials | $19.4M | 6.2% |
| Business Services | $19.0M | 6.1% |
| Biotech & Pharma | $17.4M | 5.6% |
| Autos & Aerospace | $13.6M | 4.4% |
| Computer Hardware | $13.2M | 4.2% |
| Construction & Building | $12.7M | 4.1% |
| Capital Markets | $11.1M | 3.6% |
| Banks & Lending | $10.0M | 3.2% |
| Other sectors | $44.6M | 14.3% |
| Not classified | $24.9M | 8.0% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | +0.3% | +2.1% | -1.8% | 99% |
| Q2 2026 | +14.1% | +14.8% | -0.7% | 100% |
| Q1 2026 | -2.4% | -4.6% | +2.2% | 100% |
| Q4 2025 | +2.5% | +2.4% | +0.1% | 100% |
| Q3 2025 | +4.6% | +7.8% | -3.2% | 100% |
| Q2 2025 | +13.2% | +10.5% | +2.7% | 100% |
| Q1 2025 | -9.2% | -4.6% | -4.7% | 100% |
| Q4 2024 | +1.0% | +2.1% | -1.2% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $311.3M | 183 | 13 | 60 | 92 | 15 | 29.5% | 23 |
| Q2 2026 | $314.1M | 185 | 15 | 47 | 103 | 22 | 31.8% | 24 |
| Q1 2026 | $278.3M | 192 | 18 | 63 | 95 | 15 | 27.5% | 37 |
| Q4 2025 | $288.9M | 189 | 30 | 58 | 76 | 10 | 26.4% | 40 |
| Q3 2025 | $275.6M | 169 | 22 | 56 | 55 | 20 | 28.1% | 44 |
| Q2 2025 | $254.6M | 167 | 18 | 46 | 90 | 26 | 29.0% | 37 |
| Q1 2025 | $231.4M | 175 | 22 | 70 | 51 | 41 | 27.2% | 39 |
| Q4 2024 | $254.7M | 194 | 32 | 57 | 73 | 17 | 27.7% | 45 |
| Q3 2024 | $248.6M | 179 | 25 | 54 | 53 | 20 | 28.2% | 31 |
| Q2 2024 | $246.2M | 174 | 14 | 53 | 48 | 17 | 26.6% | 38 |
| Q1 2024 | $245.4M | 177 | 14 | 34 | 31 | 16 | 27.5% | 37 |
| Q4 2023 | $237.0M | 179 | 20 | 44 | 47 | 12 | 27.7% | 37 |
| Q3 2023 | $216.6M | 171 | 23 | 47 | 60 | 5 | 30.3% | 31 |
| Q2 2023 | $216.4M | 153 | 12 | 34 | 34 | 14 | 29.6% | 33 |
| Q1 2023 | $202.3M | 155 | 12 | 46 | 15 | 19 | 28.3% | 45 |
| Q4 2022 | $183.3M | 162 | 11 | 49 | 44 | 12 | 26.8% | 40 |
| Q3 2022 | $175.4M | 163 | 18 | 65 | 20 | 12 | 28.6% | 38 |
| Q2 2022 | $179.2M | 157 | 17 | 64 | 13 | 24 | 27.5% | 33 |
| Q1 2022 | $220.0M | 164 | 16 | 60 | 30 | 25 | 27.8% | 28 |
| Q4 2021 | $255.7M | 173 | 15 | 52 | 52 | 12 | 28.3% | 41 |
| Q3 2021 | $242.7M | 170 | 37 | 57 | 27 | 17 | 25.7% | 36 |
| Q2 2021 | $234.6M | 150 | 13 | 54 | 43 | 21 | 26.8% | 27 |
| Q1 2021 | $234.3M | 158 | 22 | 52 | 29 | 12 | 26.4% | 37 |
| Q4 2020 | $212.7M | 148 | 17 | 49 | 44 | 18 | 26.7% | 36 |
| Q3 2020 | $171.7M | 149 | 29 | 55 | 20 | 28 | 27.3% | 34 |
| Q2 2020 | $163.8M | 148 | 23 | 47 | 46 | 16 | 24.1% | 29 |
| Q1 2020 | $121.8M | 141 | 16 | 59 | 51 | 22 | 25.0% | 45 |
| Q4 2019 | $161.4M | 147 | 25 | 22 | 74 | 24 | 26.6% | 44 |
| Q3 2019 | $147.8M | 146 | 16 | 36 | 71 | 29 | 26.4% | 31 |
| Q2 2019 | $155.2M | 159 | 13 | 40 | 67 | 17 | 27.2% | 45 |
| Q1 2019 | $163.5M | 163 | 21 | 43 | 52 | 21 | 27.1% | 11 |
| Q4 2018 | $144.8M | 163 | 0 | 0 | 0 | 0 | 27.5% | 35 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.