# Headlands Technologies LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1570271. Source: https://holderbook.com/funds/1570271-headlands-technologies-llc/

- Reported value: $942.5M
- Positions: 695
- Weight of the ten largest: 15.0%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $33.3M | 139,685 | 3.5% | 7 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $16.9M | 195,674 | 1.8% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $15.1M | 13,084 | 1.6% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $13.5M | 23,179 | 1.4% | 2 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $12.3M | 55,716 | 1.3% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $11.1M | 79,654 | 1.2% | 4 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $10.3M | 111,848 | 1.1% | 4 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $9.9M | 32,637 | 1.0% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $9.8M | 13,255 | 1.0% | 2 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $8.8M | 101,115 | 0.9% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $8.4M | 57,010 | 0.9% | 1 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $8.3M | 12,025 | 0.9% | 14 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $8.2M | 72,140 | 0.9% | 4 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $7.9M | 58,455 | 0.8% | 3 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $7.9M | 166,767 | 0.8% | 1 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $7.5M | 44,946 | 0.8% | 4 |
| CLEANSPARK INC | [CLSK](https://holderbook.com/stocks/CLSK/) | $7.5M | 512,476 | 0.8% | 2 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $7.4M | 53,299 | 0.8% | 1 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $7.3M | 35,701 | 0.8% | 3 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $7.3M | 125,577 | 0.8% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $7.2M | 61,507 | 0.8% | 1 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $6.8M | 70,514 | 0.7% | 1 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $6.6M | 10,545 | 0.7% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.4M | 17,028 | 0.7% | 5 |
| SEMTECH CORP | [SMTC](https://holderbook.com/stocks/SMTC/) | $6.4M | 39,234 | 0.7% | 1 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $6.3M | 49,478 | 0.7% | 1 |
| MARA HOLDINGS INC | [MARA](https://holderbook.com/stocks/MARA/) | $6.2M | 444,756 | 0.7% | 2 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $5.9M | 186,000 | 0.6% | 1 |
| J P MORGAN EXCHANGE TRADED F | [JEPQ](https://holderbook.com/stocks/JEPQ/) | $5.8M | 93,776 | 0.6% | 5 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $5.7M | 59,078 | 0.6% | 1 |
| RIOT PLATFORMS INC | [RIOT](https://holderbook.com/stocks/RIOT/) | $5.7M | 206,566 | 0.6% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $5.6M | 11,220 | 0.6% | 1 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $5.5M | 99,400 | 0.6% | 4 |
| SOFI TECHNOLOGIES INC | [SOFI](https://holderbook.com/stocks/SOFI/) | $5.2M | 292,302 | 0.6% | 6 |
| ROYALTY PHARMA PLC | [RPRX](https://holderbook.com/stocks/RPRX/) | $5.1M | 90,729 | 0.5% | 1 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $4.9M | 50,947 | 0.5% | 11 |
| INSULET CORP | [PODD](https://holderbook.com/stocks/PODD/) | $4.9M | 31,930 | 0.5% | 3 |
| PLUG PWR INC | [PLUG](https://holderbook.com/stocks/PLUG/) | $4.8M | 1,763,652 | 0.5% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $4.7M | 25,538 | 0.5% | 1 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $4.7M | 56,354 | 0.5% | 1 |
| VIAVI SOLUTIONS INC | [VIAV](https://holderbook.com/stocks/VIAV/) | $4.6M | 97,308 | 0.5% | 1 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $4.6M | 16,757 | 0.5% | 1 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $4.5M | 11,375 | 0.5% | 2 |
| AMKOR TECHNOLOGY INC | [AMKR](https://holderbook.com/stocks/AMKR/) | $4.5M | 52,426 | 0.5% | 1 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $4.5M | 8,228 | 0.5% | 1 |
| INSMED INC | [INSM](https://holderbook.com/stocks/INSM/) | $4.4M | 40,855 | 0.5% | 2 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $4.4M | 81,995 | 0.5% | 3 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $4.3M | 152,660 | 0.5% | 3 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $4.3M | 36,631 | 0.5% | 1 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $4.3M | 89,077 | 0.5% | 3 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $4.1M | 4,877 | 0.4% | 1 |
| ROCKET LAB CORP | [RKLB](https://holderbook.com/stocks/RKLB/) | $4.1M | 40,097 | 0.4% | 1 |
| TEXAS ROADHOUSE INC | [TXRH](https://holderbook.com/stocks/TXRH/) | $4.1M | 21,021 | 0.4% | 1 |
| UPSTART HLDGS INC | [UPST](https://holderbook.com/stocks/UPST/) | $4.0M | 113,300 | 0.4% | 2 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $4.0M | 55,106 | 0.4% | 1 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $3.9M | 49,966 | 0.4% | 10 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $3.9M | 91,785 | 0.4% | 2 |
| REGENCY CTRS CORP | [REG](https://holderbook.com/stocks/REG/) | $3.8M | 48,172 | 0.4% | 2 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $3.8M | 12,600 | 0.4% | 1 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $3.8M | 58,990 | 0.4% | 2 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $3.8M | 113,339 | 0.4% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $3.7M | 40,367 | 0.4% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $3.6M | 16,978 | 0.4% | 1 |
| SS&C TECH HLDGS | [SSNC](https://holderbook.com/stocks/SSNC/) | $3.5M | 57,158 | 0.4% | 8 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $3.5M | 197,722 | 0.4% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.5M | 13,821 | 0.4% | 1 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $3.5M | 41,512 | 0.4% | 2 |
| CHEESECAKE FACTORY INC | [CAKE](https://holderbook.com/stocks/CAKE/) | $3.4M | 42,640 | 0.4% | 7 |
| SOLAREDGE TECHNOLOGIES INC | [SEDG](https://holderbook.com/stocks/SEDG/) | $3.3M | 57,313 | 0.4% | 4 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $3.3M | 77,266 | 0.3% | 6 |
| GAMING & LEISURE P | [GLPI](https://holderbook.com/stocks/GLPI/) | $3.3M | 73,689 | 0.3% | 8 |
| SANMINA CORP | [SANM](https://holderbook.com/stocks/SANM/) | $3.3M | 12,911 | 0.3% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $3.2M | 45,020 | 0.3% | 1 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $3.2M | 120,486 | 0.3% | 3 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $3.1M | 6,280 | 0.3% | 1 |
| SILICON LABORATORIES INC | [SLAB](https://holderbook.com/stocks/SLAB/) | $3.0M | 13,828 | 0.3% | 1 |
| COSTAR GROUP INC | [CSGP](https://holderbook.com/stocks/CSGP/) | $3.0M | 104,978 | 0.3% | 2 |
| ON SEMICONDUCTOR CORP | [ON](https://holderbook.com/stocks/ON/) | $2.9M | 30,970 | 0.3% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.9M | 2,430 | 0.3% | 1 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $2.9M | 6,516 | 0.3% | 3 |
| REZOLVE AI PLC | [RZLV](https://holderbook.com/stocks/RZLV/) | $2.8M | 903,828 | 0.3% | 1 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $2.8M | 115,273 | 0.3% | 1 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $2.8M | 22,556 | 0.3% | 2 |
| PTC INC | [PTC](https://holderbook.com/stocks/PTC/) | $2.7M | 24,097 | 0.3% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.7M | 19,866 | 0.3% | 4 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $2.7M | 70,127 | 0.3% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.7M | 16,279 | 0.3% | 4 |
| TEMPUS AI INC | [TEM](https://holderbook.com/stocks/TEM/) | $2.7M | 46,411 | 0.3% | 1 |
| AMERICAN AIRLINES GROUP INC | [AAL](https://holderbook.com/stocks/AAL/) | $2.7M | 147,769 | 0.3% | 4 |
| CHECK POINT SOFTWARE TECH LT | [CHKP](https://holderbook.com/stocks/CHKP/) | $2.6M | 19,882 | 0.3% | 1 |
| COHU INC | [COHU](https://holderbook.com/stocks/COHU/) | $2.6M | 35,001 | 0.3% | 1 |
| SOUNDHOUND AI INC | [SOUN](https://holderbook.com/stocks/SOUN/) | $2.6M | 397,524 | 0.3% | 2 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $2.5M | 14,180 | 0.3% | 4 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $2.5M | 3,957 | 0.3% | 1 |
| BIONTECH SE | [BNTX](https://holderbook.com/stocks/BNTX/) | $2.5M | 27,087 | 0.3% | 1 |
| RYANAIR HOLDINGS PLC | [RYAAY](https://holderbook.com/stocks/RYAAY/) | $2.5M | 38,649 | 0.3% | 2 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $2.5M | 31,269 | 0.3% | 1 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $2.5M | 8,322 | 0.3% | 1 |
| DUOLINGO INC | [DUOL](https://holderbook.com/stocks/DUOL/) | $2.5M | 21,452 | 0.3% | 3 |
| NEWAMSTERDAM PHARMA COMPANY | [NAMS](https://holderbook.com/stocks/NAMS/) | $2.5M | 72,335 | 0.3% | 2 |

## 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 | +19.5% | +14.8% | +4.7% | 100% |
| Q1 2026 | -4.0% | -4.6% | +0.6% | 99% |
| Q4 2025 | +0.7% | +2.4% | -1.7% | 100% |
| Q3 2025 | +13.0% | +7.8% | +5.2% | 99% |
| Q2 2025 | +15.5% | +10.5% | +5.1% | 100% |
| Q1 2025 | -5.0% | -4.6% | -0.4% | 100% |
| Q4 2024 | +3.5% | +2.1% | +1.4% | 100% |
| Q3 2024 | +5.8% | +5.4% | +0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $942.5M | 695 |
| Q1 2026 | $877.9M | 712 |
| Q4 2025 | $1.2B | 654 |
| Q3 2025 | $1.3B | 594 |
| Q2 2025 | $835.2M | 1,142 |
| Q1 2025 | $877.4M | 1,101 |
| Q4 2024 | $995.3M | 1,160 |
| Q3 2024 | $869.8M | 1,142 |
| Q2 2024 | $942.6M | 1,104 |
| Q1 2024 | $416.3M | 1,215 |
| Q4 2023 | $335.3M | 923 |
| Q3 2023 | $203.4M | 888 |