AVALON CAPITAL MANAGEMENT
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ALPHABET INC | GOOGL | $53.9M | 150,922 | +1.67pp | 31q | +10.7%+$5.2M | |
| VANECK ETF TRUST | SMH | $31.5M | 47,957 | +2.38pp | 11q | +2.7%+$834.9K | |
| VANECK ETF TRUST | GDX | $25.0M | 331,077 | -0.63pp | 19q | +31.4%+$6.0M | |
| SPDR GOLD TR | GLD | $23.3M | 63,245 | +0.95pp | 31q | +68.8%+$9.5M | |
| ALPHABET INC | GOOG | $22.7M | 64,136 | +0.20pp | 31q | +0.8%+$176.7K | |
| CISCO SYS INC | CSCO | $18.0M | 153,311 | +0.90pp | 20q | HELD | |
| ELI LILLY & CO | LLY | $16.4M | 13,646 | +1.90pp | 18q | +80.0%+$7.3M | |
| AMAZON COM INC | AMZN | $15.4M | 64,566 | +0.56pp | 31q | +23.6%+$2.9M | |
| ISHARES INC | IEMG | $14.7M | 176,895 | +0.06pp | 6q | +2.4%+$345.0K | |
| APPLE INC | AAPL | $13.4M | 46,166 | -0.15pp | 31q | HELD | |
| SCHWAB STRATEGIC TR | SCHA | $12.4M | 343,708 | - | new | NEW | |
| VANECK FDS | EMBX | $10.9M | 212,985 | +0.27pp | 3q | +30.2%+$2.5M | |
| GLOBAL X FDS OPT | URA | $8.7M | 193,935 | -0.57pp | 5q | +1.1%+$95.3K | |
| INVESCO ACTVELY MNGD ETC FD | PDBC | $8.0M | 505,048 | -2.96pp | 2q | -49.1%-$7.7M | |
| VANECK ETF TRUST | REMX | $8.0M | 90,344 | -0.25pp | 4q | +4.7%+$362.1K | |
| TCW ETF TRUST | PWRD | $7.4M | 59,985 | +0.22pp | 11q | +8.9%+$599.8K | |
| GLOBAL X FDS | SIL | $7.0M | 90,973 | +1.38pp | 4q | +712.8%+$6.2M | |
| DIMENSIONAL ETF TRUST | DISV | $6.0M | 148,758 | -0.24pp | 6q | HELD | |
| ISHARES TR | EEM | $5.6M | 81,554 | +0.01pp | 3q | HELD | |
| MICROSOFT CORP | MSFT | $5.2M | 13,901 | -0.23pp | 31q | HELD | |
| AMPLIFY ETF TR | DIVO | $4.5M | 98,852 | -0.17pp | 9q | +1.2%+$53.3K | |
| VANECK ETF TRUST | MOAT | $4.1M | 39,572 | -0.11pp | 14q | HELD | |
| VANECK ETF TRUST | RAAX | $3.7M | 92,066 | -0.18pp | 7q | +1.9%+$68.4K | |
| GLOBAL X FDS | DTCR | $3.6M | 120,097 | +0.05pp | 5q | HELD | |
| CHEVRON CORPORATION | CVX | $3.3M | 19,791 | -2.22pp | 20q | -61.4%-$5.2M | |
| VANGUARD INDEX FDS | VTV | $3.0M | 13,963 | -0.02pp | 3q | +5.0%+$144.9K | |
| SELECT SECTOR SPDR TR | XLE | $3.0M | 56,795 | - | new | NEW | |
| SPDR SERIES TRUST | XBI | $2.9M | 18,523 | - | new | NEW | |
| GOLDMAN SACHS ETF TR | GPIX | $2.9M | 51,921 | -0.05pp | 9q | HELD | |
| NVIDIA CORPORATION | NVDA | $2.8M | 13,837 | -0.07pp | 14q | -2.1%-$58.6K | |
| ISHARES SILVER TR | SLV | $2.7M | 50,646 | -0.34pp | 8q | -0.7%-$18.6K | |
| ISHARES INC | SCJ | $2.6M | 24,601 | +0.05pp | 7q | +19.3%+$419.0K | |
| ISHARES TR | IYW | $2.6M | 10,265 | - | new | NEW | |
| GE VERNOVA INC | GEV | $2.5M | 2,113 | -0.04pp | 8q | -16.4%-$487.6K | |
| ISHARES TR | SHV | $2.4M | 22,039 | +0.35pp | 8q | +199.3%+$1.6M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $2.3M | 4,632 | -0.08pp | 20q | HELD | |
| SPDR SERIES TRUST | XME | $2.2M | 20,960 | -0.11pp | 3q | HELD | |
| INVESCO QQQ TR | QQQ | $2.1M | 2,868 | +0.11pp | 13q | +20.3%+$356.4K | |
| ISHARES TR | AOK | $2.1M | 50,746 | -0.08pp | 2q | -1.3%-$28.5K | |
| AGNICO EAGLE MINES LTD | AEM | $2.0M | 12,730 | -0.26pp | 11q | HELD | |
| ISHARES GOLD TR | IAU | $1.9M | 25,659 | -0.68pp | 10q | -43.8%-$1.5M | |
| MANAGED PORTFOLIO SER | LCR | $1.9M | 47,238 | -0.06pp | 6q | -2.0%-$38.5K | |
| WISDOMTREE TR | DGRW | $1.8M | 18,514 | -0.04pp | 20q | -0.8%-$14.7K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $1.7M | 3,580 | +0.10pp | 11q | +10.6%+$163.8K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.6M | 2,136 | +0.07pp | 13q | +27.2%+$341.3K | |
| ARISTA NETWORKS INC | ANET | $1.5M | 9,100 | +0.10pp | 7q | +17.7%+$232.9K | |
| VISA INC | V | $1.5M | 4,425 | -0.01pp | 13q | +2.0%+$30.2K | |
| ISHARES TR | QUAL | $1.4M | 6,316 | -0.03pp | 11q | -3.2%-$46.1K | |
| ISHARES TR | ILF | $1.4M | 40,535 | -2.09pp | 5q | -83.2%-$6.8M | |
| VANECK ETF TRUST OPT | NLR | $1.3M | 7,467 | +0.25pp | 4q | +339.2%+$1.0M | |
| WHEATON PRECIOUS METALS CORP | WPM | $1.3M | 11,728 | +0.17pp | 8q | +208.6%+$890.4K | |
| GOLDMAN SACHS ETF TR | GSST | $1.3M | 25,641 | -0.05pp | 9q | +3.0%+$37.7K | |
| ISHARES TR | EMB | $1.3M | 13,278 | -0.10pp | 7q | -13.1%-$192.4K | |
| LAM RESEARCH CORP | LRCX | $1.2M | 2,864 | +0.18pp | 4q | +59.6%+$463.7K | |
| COSTCO WHOLESALE CORPORATION | COST | $1.2M | 1,257 | -0.08pp | 9q | HELD | |
| ENERGY TRANSFER L P | ET | $1.1M | 60,000 | -0.06pp | 12q | HELD | |
| SPDR SERIES TRUST | XAR | $1.1M | 3,721 | -0.02pp | 9q | HELD | |
| SCHWAB STRATEGIC TR | SCHD | $984.6K | 31,050 | -0.04pp | 18q | HELD | |
| ORACLE CORP | ORCL | $978.7K | 6,678 | -0.05pp | 12q | -1.7%-$17.1K | |
| ULTA BEAUTY INC | ULTA | $929.0K | 2,060 | -0.03pp | 7q | +22.3%+$169.6K | |
| HEICO CORP NEW | HEI | $928.7K | 2,607 | +0.03pp | 12q | +6.4%+$55.9K | |
| CANADIAN NAT RES LTD MED TER | CNQ | $874.5K | 22,138 | -0.16pp | 6q | -16.6%-$174.2K | |
| SELECT SECTOR SPDR TR | XLK | $817.0K | 4,288 | +0.03pp | 9q | HELD | |
| BROADCOM INC | AVGO | $802.7K | 2,125 | +0.10pp | 5q | +109.6%+$419.7K | |
| SELECT SECTOR SPDR TR | XLI | $763.3K | 4,121 | -0.01pp | 9q | HELD | |
| EXXON MOBIL CORP | XOMXXXX | $665.4K | 4,867 | -0.05pp | 3q | +10.4%+$62.8K | |
| MPLX LP | MPLX | $655.4K | 11,635 | -0.03pp | 12q | HELD | |
| BANK MONTREAL MEDIUM | BMO | $605.2K | 3,425 | +0.01pp | 18q | HELD | |
| HECLA MINING COMPANY | HL | $591.0K | 38,302 | -0.06pp | 9q | HELD | |
| VANGUARD WORLD FD | VGT | $583.3K | 4,880 | +0.02pp | 9q | +700.0%+$510.4K | |
| VANGUARD INSTL INDEX FD | VBIL | $575.2K | 7,600 | -0.02pp | 6q | +1.5%+$8.3K | |
| VANECK BITCOIN ETF | HODL | $560.0K | 33,716 | -0.07pp | 7q | -8.1%-$49.6K | |
| ISHARES INC | EWW | $526.7K | 6,998 | -0.02pp | 5q | +1.1%+$5.9K | |
| VANGUARD INDEX FDS | VOO | $509.3K | 742 | flat | 9q | HELD | |
| META PLATFORMS INC | META | $487.8K | 866 | -0.04pp | 11q | -11.5%-$63.1K | |
| TEXAS INSTRS INC | TXN | $481.4K | 1,615 | +0.03pp | 19q | HELD | |
| KINDER MORGAN INC DEL | KMI | $479.6K | 15,000 | -0.03pp | 12q | HELD | |
| SCHWAB CHARLES CORP | SCHW | $471.4K | 5,108 | -0.02pp | 9q | HELD | |
| CANADIAN NATL RY CO | CNI | $463.5K | 3,887 | +0.01pp | 2q | +13.9%+$56.4K | |
| ARM HOLDINGS PLC | ARM | $424.8K | 1,198 | - | new | NEW | |
| GE AEROSPACE | GE | $413.0K | 1,105 | -0.01pp | 3q | -19.0%-$97.2K | |
| VANGUARD WORLD FD | VDE | $408.1K | 2,718 | -0.04pp | 9q | HELD | |
| VANGUARD SCOTTSDALE FDS | VONV | $402.0K | 3,781 | -0.01pp | 9q | HELD | |
| PALANTIR TECHNOLOGIES INC | PLTR | $396.1K | 3,395 | -0.05pp | 8q | HELD | |
| TRANSDIGM GROUP INC | TDG | $367.6K | 276 | flat | 8q | -1.4%-$5.3K | |
| DAVITA INC | DVA | $352.9K | 1,586 | -0.04pp | 2q | -43.5%-$271.9K | |
| FREEPORT-MCMORAN INC | FCX | $348.4K | 5,540 | -0.01pp | 11q | -0.9%-$3.1K | |
| ISHARES INC | SLVP | $337.4K | 10,943 | -0.11pp | 6q | -41.1%-$235.8K | |
| INNOVATOR ETFS TRUST | NJUL | $332.5K | 4,294 | -0.01pp | 8q | HELD | |
| AIR PRODUCTS AND CHEMICALS I | APD | $324.1K | 1,105 | -0.01pp | 9q | HELD | |
| VANGUARD WHITEHALL FDS | VYM | $322.1K | 2,038 | -0.01pp | 11q | +0.6%+$1.9K | |
| BP PLC | BP | $319.9K | 8,658 | -0.04pp | 2q | HELD | |
| STATE STR SPDR DOW JONES IND | DIA | $319.2K | 611 | flat | 9q | HELD | |
| PAN AMERN SILVER CORP | PAAS | $313.5K | 7,000 | -0.03pp | 4q | HELD | |
| FAIR ISAAC CORP | FICO | $313.0K | 262 | - | new | NEW | |
| ISHARES TR | MCHI | $311.9K | 6,112 | -0.03pp | 4q | -2.3%-$7.3K | |
| DANAHER CORP DEL | DHR | $305.9K | 1,606 | -0.01pp | 10q | HELD | |
| NEXTERA ENERGY INC | NEE | $295.3K | 3,364 | -0.02pp | 9q | HELD | |
| JPMORGAN CHASE & CO | JPM | $276.6K | 845 | flat | 12q | HELD | |
| APPLIED MATLS INC | AMAT | $274.7K | 380 | - | new | NEW | |
| JOHNSON & JOHNSON | JNJ | $273.0K | 1,075 | -0.01pp | 20q | HELD | |
| SELECT SECTOR SPDR TR | XLF | $272.4K | 5,081 | -0.01pp | 9q | HELD | |
| NETFLIX INC | NFLX | $271.3K | 3,800 | -0.11pp | 11q | -39.7%-$178.5K | |
| OKLO INC OPT | OKLO | $261.6K | 1,000 | - | new | NEW | |
| CROWDSTRIKE HLDGS INC | CRWD | $259.5K | 340 | - | new | NEW | |
| EATON CORP PLC | ETN | $259.1K | 608 | flat | 2q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VWO | $258.8K | 4,336 | -0.01pp | 8q | -5.5%-$15.0K | |
| UNION PAC CORP | UNP | $258.7K | 951 | - | new | NEW | |
| S&P GLOBAL INC | SPGI | $257.8K | 633 | -0.02pp | 25q | HELD | |
| VANECK ETF TRUST | FLTR | $249.4K | 9,737 | - | new | NEW | |
| AMPHENOL CORP | APH | $246.8K | 1,400 | - | new | NEW | |
| BORGWARNER INC | BWA | $239.0K | 3,600 | - | new | NEW | |
| DBX ETF TR | ASHR | $238.3K | 6,500 | flat | 4q | HELD | |
| ISHARES TR | IEFA | $238.1K | 2,465 | - | new | NEW | |
| VANGUARD SPECIALIZED FUNDS | VIG | $237.1K | 1,002 | flat | 5q | HELD | |
| BWX TECHNOLOGIES INC | BWXT | $236.1K | 1,213 | -0.01pp | 2q | +3.5%+$8.0K | |
| TKO GROUP HOLDINGS INC | TKO | $233.1K | 1,158 | flat | 4q | +10.0%+$21.1K | |
| SELECT SECTOR SPDR TR | XLY | $225.9K | 1,926 | -0.01pp | 5q | HELD | |
| WELLTOWER INC | WELL | $222.4K | 980 | - | new | NEW | |
| FERGUSON ENTERPRISES INC | FERG | $220.8K | 930 | -0.01pp | 4q | HELD | |
| MASTERCARD INCORPORATED | MA | $220.3K | 429 | -0.01pp | 12q | HELD | |
| CAMECO CORP OPT | CCJ | $212.1K | 1,082 | - | new | NEW | |
| SPINNAKER ETF SERIES | EUAD | $209.6K | 4,970 | -0.61pp | 5q | -91.3%-$2.2M | |
| PROCTER & GAMBLE CO | PG | $207.0K | 1,412 | -0.01pp | 20q | HELD | |
| OCCIDENTAL PETE CORP | OXY | $203.8K | 4,197 | -0.03pp | 2q | -0.6%-$1.3K | |
| TARGA RES CORP | TRGP | $201.1K | 750 | - | new | NEW |
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 | $83.9M | 19.8% |
| Computer Hardware | $32.9M | 7.8% |
| Capital Markets | $29.0M | 6.8% |
| Retail & Consumer | $17.5M | 4.1% |
| Biotech & Pharma | $16.6M | 3.9% |
| Semiconductors & Electronics | $9.6M | 2.3% |
| Energy | $6.5M | 1.5% |
| Other sectors | $21.6M | 5.1% |
| Not classified | $205.7M | 48.6% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $423.4M | 126 | 17 | 38 | 26 | 12 | 55.3% | 16 |
| Q1 2026 | $354.3M | 121 | 11 | 14 | 63 | 29 | 50.3% | 45 |
| Q4 2025 | $418.0M | 139 | 19 | 34 | 37 | 13 | 47.3% | 42 |
| Q3 2025 | $408.0M | 133 | 18 | 28 | 41 | 12 | 45.9% | 22 |
| Q2 2025 | $372.2M | 127 | 25 | 24 | 42 | 24 | 41.4% | 38 |
| Q1 2025 | $344.3M | 126 | 30 | 23 | 33 | 35 | 41.3% | 37 |
| Q4 2024 | $309.8M | 131 | 24 | 25 | 42 | 23 | 46.7% | 35 |
| Q3 2024 | $330.2M | 130 | 24 | 31 | 44 | 14 | 47.1% | 44 |
| Q2 2024 | $315.4M | 120 | 30 | 38 | 25 | 9 | 54.4% | 24 |
| Q1 2024 | $244.1M | 99 | 13 | 23 | 26 | 7 | 55.8% | 17 |
| Q4 2023 | $238.2M | 93 | 34 | 16 | 19 | 10 | 55.6% | 12 |
| Q3 2023 | $196.0M | 69 | 19 | 11 | 19 | 4 | 61.3% | 67 |
| Q2 2023 | $213.6M | 54 | 8 | 7 | 19 | 6 | 60.9% | 27 |
| Q1 2023 | $195.0M | 52 | 6 | 5 | 19 | 8 | 63.9% | 45 |
| Q4 2022 | $198.6M | 54 | 6 | 16 | 13 | 9 | 72.1% | 30 |
| Q3 2022 | $208.8M | 57 | 6 | 9 | 17 | 8 | 69.9% | 19 |
| Q2 2022 | $244.4M | 59 | 4 | 10 | 11 | 15 | 69.3% | 26 |
| Q1 2022 | $260.5M | 70 | 21 | 17 | 9 | 11 | 65.1% | 40 |
| Q4 2021 | $226.9M | 60 | 25 | 19 | 5 | 8 | 59.7% | 38 |
| Q3 2021 | $178.3M | 43 | 23 | 16 | 3 | 14 | 58.6% | 46 |
| Q2 2021 | $118.6M | 34 | 15 | 6 | 8 | 2 | 67.8% | 19 |
| Q1 2021 | $107.4M | 21 | 6 | 3 | 5 | 9 | 71.6% | 15 |
| Q4 2020 | $105.8M | 24 | 5 | 8 | 6 | 6 | 70.4% | 22 |
| Q3 2020 | $108.0M | 25 | 3 | 3 | 10 | 1 | 72.1% | 13 |
| Q2 2020 | $101.6M | 23 | 10 | 3 | 3 | 8 | 75.6% | 14 |
| Q1 2020 | $84.2M | 21 | 7 | 2 | 9 | 19 | 82.4% | 20 |
| Q4 2019 | $82.3M | 33 | 10 | 9 | 9 | 13 | 66.2% | 35 |
| Q3 2019 | $84.5M | 36 | 10 | 1 | 23 | 7 | 67.0% | 7 |
| Q2 2019 | $87.6M | 33 | 7 | 5 | 21 | 17 | 70.7% | 12 |
| Q1 2019 | $118.0M | 43 | 15 | 24 | 3 | 8 | 60.9% | 12 |
| Q4 2018 | $93.8M | 36 | 0 | 0 | 0 | 0 | 67.1% | 16 |
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.