# TRAN CAPITAL MANAGEMENT, L.P.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1009262. Source: https://holderbook.com/funds/1009262-tran-capital-management-l-p/

- Reported value: $868.7M
- Positions: 66
- Weight of the ten largest: 54.3%
- Filed: 2026-07-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $85.6M | 241,540 | 9.9% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $69.2M | 203,058 | 8.0% | 26 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $58.3M | 291,411 | 6.7% | 9 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $41.9M | 175,984 | 4.8% | 22 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $38.4M | 107,489 | 4.4% | 31 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $38.2M | 160,769 | 4.4% | 8 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $35.5M | 30,201 | 4.1% | 6 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $35.4M | 186,081 | 4.1% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $34.7M | 92,904 | 4.0% | 26 |
| TALEN ENERGY CORP | [TLN](https://holderbook.com/stocks/TLN/) | $34.4M | 89,430 | 4.0% | 8 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $32.8M | 68,614 | 3.8% | 10 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $32.0M | 189,102 | 3.7% | 2 |
| INTERNATIONAL FLAVORS&FRAGRA | [IFF](https://holderbook.com/stocks/IFF/) | $25.9M | 327,392 | 3.0% | 3 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $24.8M | 43,072 | 2.9% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $23.6M | 41,933 | 2.7% | 15 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $22.6M | 77,442 | 2.6% | 2 |
| CROCS INC | [CROX](https://holderbook.com/stocks/CROX/) | $19.2M | 158,885 | 2.2% | 1 |
| ELEMENTAL RTY CORP | [ELE](https://holderbook.com/stocks/ELE/) | $18.3M | 1,049,124 | 2.1% | 2 |
| ATI INC | [ATI](https://holderbook.com/stocks/ATI/) | $17.7M | 89,993 | 2.0% | 4 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $15.8M | 221,959 | 1.8% | 6 |
| BWX TECHNOLOGIES INC | [BWXT](https://holderbook.com/stocks/BWXT/) | $15.3M | 78,531 | 1.8% | 3 |
| WESCO INTL INC | [WCC](https://holderbook.com/stocks/WCC/) | $15.2M | 43,911 | 1.7% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $14.1M | 12,221 | 1.6% | 1 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $13.9M | 63,698 | 1.6% | 16 |
| CF INDUSTRIES HOLD | [CF](https://holderbook.com/stocks/CF/) | $13.4M | 123,491 | 1.5% | 1 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $10.8M | 74,360 | 1.2% | 23 |
| ALCON AG | [ALC](https://holderbook.com/stocks/ALC/) | $9.9M | 147,625 | 1.1% | 1 |
| TENET HEALTHCARE CORP | [THC](https://holderbook.com/stocks/THC/) | $9.6M | 51,427 | 1.1% | 5 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $7.9M | 28,177 | 0.9% | 5 |
| QXO INC | [QXO](https://holderbook.com/stocks/QXO/) | $6.7M | 386,211 | 0.8% | 4 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $6.4M | 14,641 | 0.7% | 2 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $4.1M | 16,841 | 0.5% | 1 |
| REDWOOD TRUST INC | [RWT](https://holderbook.com/stocks/RWT/) | $3.0M | 628,267 | 0.3% | 3 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $2.7M | 109,300 | 0.3% | 31 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $2.6M | 99,399 | 0.3% | 31 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $2.6M | 86,278 | 0.3% | 31 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $2.5M | 54,362 | 0.3% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.4M | 8,201 | 0.3% | 13 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.8M | 3,013 | 0.2% | 9 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $1.7M | 11,910 | 0.2% | 18 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $1.7M | 4,875 | 0.2% | 31 |
| FAIR ISAAC CORP | [FICO](https://holderbook.com/stocks/FICO/) | $1.5M | 1,229 | 0.2% | 9 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $1.3M | 17,250 | 0.2% | 29 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.3M | 3,030 | 0.1% | 9 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.2M | 1,601 | 0.1% | 17 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $1.0M | 3,379 | 0.1% | 2 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $949.9K | 10,295 | 0.1% | 12 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $938.0K | 8,000 | 0.1% | 18 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $853.4K | 12,475 | 0.1% | 10 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $686.9K | 2,343 | 0.1% | 2 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $648.7K | 2,159 | 0.1% | 10 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $596.1K | 2,000 | 0.1% | 18 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $546.4K | 1,632 | 0.1% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $544.7K | 2,560 | 0.1% | 10 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $468.9K | 4,855 | 0.1% | 10 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $400.0K | 4,230 | 0.0% | 9 |
| AMERICAN HEALTHCARE REIT INC | [AHR](https://holderbook.com/stocks/AHR/) | $383.3K | 7,350 | 0.0% | 7 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $377.1K | 2,248 | 0.0% | 14 |
| BROWN FORMAN CORP | [BFB](https://holderbook.com/stocks/BFB/) | $308.5K | 11,575 | 0.0% | 29 |
| BIO-TECHNE CORP | [TECH](https://holderbook.com/stocks/TECH/) | $282.6K | 4,000 | 0.0% | 18 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $277.5K | 806 | 0.0% | 25 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $275.9K | 230 | 0.0% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $250.2K | 500 | 0.0% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $250.1K | 764 | 0.0% | 5 |
| AXON ENTERPRISE INC | [AXON](https://holderbook.com/stocks/AXON/) | $242.7K | 433 | 0.0% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $235.6K | 320 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +17.5% | +14.8% | +2.7% | 100% |
| Q1 2026 | -7.4% | -4.6% | -2.8% | 100% |
| Q4 2025 | -0.1% | +2.4% | -2.4% | 100% |
| Q3 2025 | +6.7% | +7.8% | -1.2% | 100% |
| Q2 2025 | +20.0% | +10.5% | +9.6% | 100% |
| Q1 2025 | -6.2% | -4.6% | -1.7% | 100% |
| Q4 2024 | +0.7% | +2.1% | -1.5% | 100% |
| Q3 2024 | +3.7% | +5.4% | -1.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $868.7M | 66 |
| Q1 2026 | $728.3M | 71 |
| Q4 2025 | $834.9M | 73 |
| Q3 2025 | $836.6M | 71 |
| Q2 2025 | $849.6M | 68 |
| Q1 2025 | $743.3M | 65 |
| Q4 2024 | $881.9M | 63 |
| Q3 2024 | $928.5M | 61 |
| Q2 2024 | $862.0M | 51 |
| Q1 2024 | $898.2M | 47 |
| Q4 2023 | $858.6M | 42 |
| Q3 2023 | $776.8M | 41 |