Private Capital Management, LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| QUINSTREET INC | QNST | $68.8M | 4,699,512 | +0.78pp | 31q | +6.4%+$4.2M | |
| HARROW INC CALL | HROW | $68.6M | 1,598,770 | +0.41pp | 17q | +2.4%+$1.6M | |
| TARGET HOSPITALITY CORP | TH | $66.4M | 3,261,078 | +1.54pp | 30q | -30.0%-$28.5M | |
| LIGAND PHARMACEUTICALS INC | LGND | $52.5M | 166,016 | +0.62pp | 9q | -17.6%-$11.2M | |
| PERION NETWORK LTD CALL | PERI | $50.8M | 5,133,574 | -0.38pp | 27q | +7.4%+$3.5M | |
| BGC GROUP INC | BGC | $45.1M | 4,215,222 | -0.06pp | 12q | +1.9%+$821.0K | |
| KKR & CO INC | KKR | $43.5M | 473,688 | -0.44pp | 31q | +2.2%+$939.8K | |
| BARRETT BUSINESS SVCS INC | BBSI | $42.9M | 1,209,138 | +0.88pp | 25q | +20.9%+$7.4M | |
| LANTHEUS HLDGS INC | LNTH | $39.7M | 358,224 | +0.80pp | 25q | HELD | |
| JPMORGAN CHASE & CO | JPM | $36.1M | 110,170 | -0.10pp | 14q | -1.6%-$581.3K | |
| MOTORCAR PTS AMER INC | MPAA | $36.0M | 2,349,196 | +0.64pp | 31q | +2.2%+$758.4K | |
| ASURE SOFTWARE INC | ASUR | $33.4M | 4,203,526 | -0.50pp | 27q | +4.8%+$1.5M | |
| MATTHEWS INTL CORP | MATW | $32.4M | 1,201,922 | -0.09pp | 4q | +5.0%+$1.5M | |
| Secure Waste Infrastructure Corp | SECYF | $31.1M | 1,998,165 | -0.38pp | 7q | HELD | |
| POWERFLEET INC | AIOT | $28.6M | 7,462,763 | +0.22pp | 25q | HELD | |
| IWG PLC ORD | $22.4M | 9,091,710 | +0.20pp | 7q | +21.3%+$3.9M | ||
| ACNB CORP | ACNB | $21.5M | 361,337 | +0.17pp | 6q | HELD | |
| SMARTFINANCIAL INC | SMBK | $20.3M | 432,512 | +0.12pp | 31q | +1.0%+$204.8K | |
| INFORMATION SVCS GROUP INC | III | $20.0M | 4,874,068 | -0.02pp | 31q | +4.3%+$832.9K | |
| FIRST AMERN FINL CORP | FAF | $19.8M | 288,508 | +0.15pp | 5q | +9.1%+$1.6M | |
| PINNACLE FINL PARTNERS INC | PNFP | $18.7M | 185,622 | +0.08pp | 2q | +1.3%+$233.1K | |
| AERSALE CORPORATION CALL | ASLE | $13.6M | 2,095,332 | +0.19pp | 22q | +29.0%+$3.0M | |
| LAKELAND INDS INC | LAKE | $13.4M | 1,249,274 | -0.05pp | 20q | -17.2%-$2.8M | |
| HOMETRUST BANCSHARES INC | HTB | $12.4M | 248,335 | +0.05pp | 6q | +1.7%+$212.0K | |
| PFIZER INC CALL | PFE | $12.1M | 117,155 | +0.41pp | 13q | +19.4%+$2.0M | |
| TRONOX HOLDINGS PLC | TROX | $8.2M | 1,298,260 | -0.97pp | 30q | -25.2%-$2.8M | |
| RAYMOND JAMES FINL INC | RJF | $8.0M | 52,798 | -0.05pp | 31q | HELD | |
| TRACTOR SUPPLY CO CALL | TSCO | $7.9M | 111,240 | +0.49pp | 16q | +136.7%+$4.6M | |
| STATE STR SPDR S&P 500 ETF T | SPY | $7.5M | 10,011 | +0.02pp | 16q | +2.0%+$149.3K | |
| CLOROX CO DEL CALL+PUT | CLX | $7.0M | 39,400 | +0.32pp | 12q | +116.5%+$3.7M | |
| INTERNATIONAL BUSINESS MACHS | IBM | $6.8M | 24,227 | -0.03pp | 13q | -7.8%-$578.2K | |
| APPLE INC | AAPL | $6.8M | 23,489 | flat | 19q | HELD | |
| PALANTIR TECHNOLOGIES INC CALL | PLTR | $6.5M | 44,431 | -0.09pp | 13q | -2.1%-$138.9K | |
| PIONEER BANCORP INC MD | PBFS | $6.3M | 366,774 | +0.06pp | 6q | +3.4%+$203.7K | |
| EXCHANGE LISTED FDS TR | CEFS | $6.2M | 243,252 | +0.07pp | 7q | +13.8%+$754.2K | |
| ALPHABET INC | GOOGL | $6.0M | 16,853 | +0.03pp | 18q | -3.7%-$229.8K | |
| ONTERRIS INC | ONT | $6.0M | 297,305 | - | new | NEW | |
| ASTRONICS CORP | ATRO | $6.0M | 73,310 | -1.62pp | 6q | -77.3%-$20.3M | |
| PROSHARES TR | NOBL | $5.5M | 97,237 | -0.01pp | 18q | +110.7%+$2.9M | |
| WISDOMTREE TR | DON | $5.2M | 92,847 | -0.02pp | 18q | +0.7%+$37.1K | |
| BAR HBR BANKSHARES | BHB | $5.0M | 133,185 | +0.05pp | 2q | +9.9%+$451.8K | |
| MICROSOFT CORP | MSFT | $4.9M | 13,187 | -0.03pp | 18q | +4.4%+$207.0K | |
| ISHARES TR | IGV | $4.8M | 53,495 | +0.02pp | 2q | +3.9%+$180.5K | |
| VERRA MOBILITY CORP CALL | VRRM | $4.7M | 1,049,115 | - | new | NEW | |
| THE CAMPBELLS COMPANY CALL | CPB | $4.6M | 97,500 | +0.03pp | 12q | +12.5%+$511.9K | |
| ISHARES TR | IJH | $4.6M | 59,827 | +0.04pp | 18q | +10.7%+$446.1K | |
| AMAZON COM INC | AMZN | $4.3M | 18,199 | flat | 18q | -1.3%-$57.2K | |
| ISHARES TR | IVV | $4.2M | 5,660 | +0.04pp | 18q | +11.4%+$433.6K | |
| ISHARES TR | DVY | $4.2M | 26,593 | -0.03pp | 2q | +0.8%+$32.4K | |
| WISDOMTREE TR | WTPI | $4.1M | 123,547 | -0.01pp | 18q | +7.7%+$289.6K | |
| CHEMOURS CO CALL | CC | $4.0M | 177,000 | -0.13pp | 7q | -6.2%-$261.0K | |
| VANGUARD SPECIALIZED FUNDS | VIG | $4.0M | 16,830 | -0.01pp | 18q | -1.2%-$48.5K | |
| KLA CORP | KLAC | $3.6M | 12,010 | +0.14pp | 3q | +900.8%+$3.3M | |
| PUBLIC STORAGE | PSA | $3.6M | 11,200 | +0.04pp | 4q | +9.8%+$318.3K | |
| ASTRONICS CORP CL B | ATROB | $3.2M | 42,403 | - | new | NEW | |
| FB FINL CORP | FBK | $3.2M | 57,088 | -0.02pp | 4q | HELD | |
| PROSHARES TR PUT | TQQQ | $3.1M | 23,000 | +0.18pp | 6q | HELD | |
| NORWEGIAN CRUISE LINE HLDGS CALL | NCLH | $2.8M | 60,000 | +0.08pp | 2q | HELD | |
| JANUS INTERNATIONAL GROUP IN | JBI | $2.8M | 501,000 | +0.22pp | 2q | +902.0%+$2.5M | |
| KEURIG DR PEPPER INC | KDP | $2.8M | 84,100 | +0.02pp | 15q | HELD | |
| PAYPAL HLDGS INC CALL | PYPL | $2.6M | 28,350 | -0.22pp | 17q | -10.1%-$290.2K | |
| FMC CORP CALL | FMC | $2.5M | 100,500 | +0.16pp | 3q | +1240.0%+$2.3M | |
| SELECT SECTOR SPDR TR | XLU | $2.4M | 53,431 | -0.02pp | 18q | +6.3%+$143.9K | |
| QUALCOMM INC CALL | QCOM | $2.4M | 11,434 | -0.02pp | 17q | -36.9%-$1.4M | |
| PAPA JOHNS INTL INC | PZZA | $2.4M | 64,200 | flat | 5q | +1.9%+$44.1K | |
| DIREXION SHARES ETF TRUST | QQQE | $2.3M | 18,914 | +0.05pp | 12q | +23.4%+$437.2K | |
| DIREXION SHARES ETF TRUST | FAS | $2.3M | 15,300 | +0.02pp | 16q | HELD | |
| ROCKET COS INC CALL | RKT | $2.2M | 46,650 | +0.03pp | 2q | +27.6%+$466.0K | |
| HIGHLAND OPPORTUNITIES AND INC | HFROPRA | $2.1M | 129,205 | flat | 8q | +14.2%+$262.8K | |
| CHEVRON CORPORATION | CVX | $2.1M | 12,618 | -0.08pp | 13q | -2.6%-$55.5K | |
| TARGET CORP | TGT | $2.1M | 15,950 | -0.11pp | 7q | -33.7%-$1.1M | |
| INVESCO EXCHANGE TRADED FD T | EQWL | $2.0M | 15,801 | +0.03pp | 13q | +22.4%+$372.7K | |
| PHILLIPS 66 | PSX | $2.0M | 11,587 | -0.05pp | 14q | -6.6%-$138.1K | |
| SCHWAB STRATEGIC TR | SCHF | $1.9M | 69,016 | -0.01pp | 18q | -2.4%-$47.4K | |
| FIRSTENERGY CORP | FE | $1.9M | 39,523 | +0.01pp | 16q | +25.0%+$375.3K | |
| QUEST DIAGNOSTICS INC | DGX | $1.8M | 8,700 | -0.01pp | 16q | HELD | |
| SELECT SECTOR SPDR TR | XLE | $1.8M | 34,057 | -0.06pp | 18q | -5.0%-$95.3K | |
| PAYCHEX INC | PAYX | $1.8M | 18,059 | -0.01pp | 5q | HELD | |
| INVESCO QQQ TR PUT | QQQ | $1.8M | 2,306 | +0.01pp | 18q | -6.2%-$116.8K | |
| ALPHABET INC | GOOG | $1.7M | 4,797 | +0.01pp | 13q | HELD | |
| RANGE RES CORP | RRC | $1.7M | 44,500 | -0.05pp | 13q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $1.6M | 37,138 | -0.05pp | 4q | +0.7%+$10.2K | |
| CUBESMART | CUBE | $1.6M | 39,420 | -0.12pp | 4q | +94.2%+$760.4K | |
| MASTERCARD INCORPORATED | MA | $1.5M | 3,017 | -0.01pp | 17q | HELD | |
| EXTRA SPACE STORAGE INC | EXR | $1.5M | 10,500 | flat | 2q | HELD | |
| NVIDIA CORPORATION | NVDA | $1.5M | 7,574 | flat | 14q | HELD | |
| CUSTOM TRUCK ONE SOURCE INC | CTOS | $1.5M | 124,555 | -0.08pp | 4q | -62.0%-$2.4M | |
| VANGUARD BD INDEX FDS | BND | $1.4M | 19,190 | -0.01pp | 6q | +3.0%+$41.2K | |
| VANGUARD INDEX FDS | VUG | $1.4M | 16,209 | +0.03pp | 11q | +670.0%+$1.2M | |
| SERVICENOW INC CALL | NOW | $1.4M | 820 | - | new | NEW | |
| JOHNSON & JOHNSON | JNJ | $1.3M | 5,157 | -0.01pp | 4q | HELD | |
| CATERPILLAR INC | CAT | $1.3M | 1,220 | +0.03pp | 3q | HELD | |
| 74460W370 | $1.3M | 57,600 | - | new | NEW | ||
| VANGUARD WHITEHALL FDS | VYM | $1.2M | 7,616 | flat | 12q | +8.4%+$93.2K | |
| GLOBAL SELF STORAGE INC | SELF | $1.2M | 223,337 | +0.05pp | 3q | +115.7%+$627.7K | |
| PROGRESSIVE CORP | PGR | $1.1M | 5,166 | flat | 3q | HELD | |
| HOME DEPOT INC | HD | $1.1M | 3,115 | -0.01pp | 17q | -3.0%-$34.2K | |
| HELMERICH & PAYNE INC | HP | $1.0M | 31,500 | -0.17pp | 8q | -56.2%-$1.3M | |
| SMARTSTOP SELF STORAG REIT I | SMA | $1.0M | 31,000 | +0.01pp | 2q | +17.0%+$146.2K | |
| WALMART INC | WMT | $954.2K | 8,425 | -0.02pp | 15q | HELD | |
| NORTHERN TR CORP | NTRS | $938.7K | 5,400 | +0.01pp | 3q | HELD | |
| VANGUARD INDEX FDS | VOO | $925.1K | 1,347 | flat | 13q | HELD | |
| PEPSICO INC | PEP | $881.5K | 6,510 | -0.02pp | 6q | +3.2%+$27.1K | |
| VANGUARD INTL EQUITY INDEX F | VEU | $881.3K | 10,523 | flat | 18q | HELD | |
| DYNATRACE INC | DT | $851.4K | 19,390 | -0.03pp | 2q | HELD | |
| ISHARES TR PUT | IWM | $846.7K | 2,618 | flat | 15q | -6.1%-$55.0K | |
| CF INDUSTRIES HOLD | CF | $833.7K | 7,701 | -0.40pp | 14q | -55.7%-$1.0M | |
| U HAUL HOLDING COMPANY | UHAL | $823.9K | 12,590 | +0.01pp | 2q | -4.6%-$39.9K | |
| EXXONMOBIL HOLDINGS CORP COM SHS | XOM | $821.1K | 6,006 | - | new | NEW | |
| ZSCALER INC CALL | ZS | $776.3K | options only | - | new | OPTIONS | |
| META PLATFORMS INC | META | $772.9K | 1,372 | -0.01pp | 18q | HELD | |
| CISCO SYS INC | CSCO | $763.5K | 6,500 | +0.02pp | 3q | HELD | |
| ISHARES TR | IJR | $763.5K | 5,148 | +0.01pp | 11q | +12.4%+$84.2K | |
| TEXAS INSTRS INC | TXN | $754.0K | 2,530 | +0.02pp | 3q | HELD | |
| NUTRIEN LTD | NTR | $730.2K | 11,600 | -0.09pp | 10q | -42.0%-$528.8K | |
| SOUTHERN CO | SO | $729.5K | 7,622 | -0.01pp | 15q | HELD | |
| CARNIVAL CORP LTD CALL | CCL | $714.2K | options only | -0.19pp | 2q | OPTIONS | |
| Public Storage Pfd | PSAPRK | $705.3K | 38,350 | +0.04pp | 2q | +197.3%+$468.0K | |
| STATE STR SPDR DOW JONES IND PUT | DIA | $705.2K | 1,150 | flat | 18q | HELD | |
| Public Storage Pfd | PSAPRI | $702.2K | 37,450 | +0.04pp | 2q | +194.9%+$464.1K | |
| THERMO FISHER SCIENTIFIC INC | TMO | $696.4K | 1,389 | -0.01pp | 13q | HELD | |
| WASTE MGMT INC DEL | WM | $651.9K | 2,925 | -0.01pp | 16q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $613.0K | 1,225 | -0.01pp | 4q | -2.8%-$17.5K | |
| ISHARES TR | DGRO | $569.2K | 7,510 | +0.01pp | 6q | +24.8%+$112.9K | |
| ISHARES TR | IXUS | $557.4K | 5,840 | flat | 11q | +6.4%+$33.5K | |
| LINDE PLC | LIN | $537.5K | 1,036 | flat | 3q | HELD | |
| NATIONAL FUEL GAS CO | NFG | $532.7K | 6,900 | flat | 3q | +30.2%+$123.5K | |
| VANGUARD SCOTTSDALE FDS | VCIT | $525.6K | 6,359 | -0.01pp | 18q | +1.8%+$9.3K | |
| MCKESSON CORP | MCK | $519.1K | 687 | -0.01pp | 3q | HELD | |
| ELI LILLY & CO | LLY | $510.0K | 425 | +0.01pp | 3q | HELD | |
| BANK OF AMER CORP | BAC | $508.9K | 8,932 | flat | 16q | HELD | |
| VANGUARD INDEX FDS | VTI | $502.2K | 1,357 | flat | 14q | HELD | |
| ISHARES INC | IEMG | $494.3K | 5,967 | flat | 18q | -8.2%-$44.0K | |
| SCHWAB STRATEGIC TR | SCHE | $478.0K | 13,181 | +0.01pp | 12q | +21.9%+$85.9K | |
| SELECT SECTOR SPDR TR | XLV | $472.5K | 2,978 | -0.01pp | 18q | -12.2%-$65.5K | |
| BLACKROCK INC | BLK | $456.5K | 475 | -0.01pp | 8q | HELD | |
| ZEBRA TECHNOLOGIES CORPORATI | ZBRA | $454.1K | 1,725 | flat | 13q | HELD | |
| COINBASE GLOBAL INC | COIN | $453.2K | 3,100 | -0.02pp | 2q | -3.1%-$14.6K | |
| SPDR SERIES TRUST | KRE | $448.7K | 5,995 | flat | 6q | HELD | |
| TRANE TECHNOLOGIES PLC | TT | $448.4K | 913 | flat | 3q | -6.7%-$32.4K | |
| LOCKHEED MARTIN CORP | LMT | $447.5K | 878 | -0.01pp | 13q | HELD | |
| LOWES COS INC | LOW | $430.1K | 1,950 | -0.01pp | 3q | HELD | |
| CHUBB LIMITED | CB | $428.3K | 1,257 | flat | 3q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VWO | $421.4K | 7,060 | flat | 6q | +13.4%+$49.8K | |
| TRAVELERS COMPANIES INC | TRV | $410.7K | 1,244 | flat | 3q | HELD | |
| BROADCOM INC | AVGO | $403.1K | 1,067 | flat | 5q | HELD | |
| ROYCE MICRO-CAP TR INC | RMT | $397.7K | 27,165 | +0.01pp | 5q | +23.9%+$76.8K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $391.9K | 1,750 | flat | 3q | HELD | |
| ABBVIE INC | ABBV | $375.1K | 1,491 | flat | 13q | HELD | |
| MARRIOTT INTL INC NEW | MAR | $373.9K | 1,009 | flat | 3q | HELD | |
| AMPHENOL CORP | APH | $370.3K | 2,100 | +0.01pp | 4q | HELD | |
| NEXTERA ENERGY INC | NEE | $370.1K | 4,217 | -0.01pp | 3q | HELD | |
| TJX COS INC NEW | TJX | $356.0K | 2,350 | -0.01pp | 3q | HELD | |
| DIREXION SHARES ETF TRUST | TNA | $353.0K | 4,700 | +0.01pp | 6q | HELD | |
| DIAMEDICA THERAPEUTICS INC | DMAC | $352.0K | 50,000 | flat | 4q | HELD | |
| MCDONALDS CORP | MCD | $351.4K | 1,300 | -0.01pp | 3q | HELD | |
| SMUCKER J M CO | SJM | $348.8K | 3,100 | flat | 9q | -4.6%-$16.9K | |
| SELECT SECTOR SPDR TR | XLK | $342.9K | 1,800 | +0.01pp | 13q | HELD | |
| DUKE ENERGY CORP NEW | DUK | $341.8K | 2,700 | -0.01pp | 16q | HELD | |
| SELECT SECTOR SPDR TR | XLF | $337.1K | 6,287 | -0.01pp | 16q | -16.6%-$66.9K | |
| SPDR SERIES TRUST | BIL | $320.7K | 3,500 | -0.01pp | 3q | -6.0%-$20.3K | |
| VANGUARD INDEX FDS | VO | $307.4K | 3,815 | flat | 6q | +288.5%+$228.3K | |
| ISHARES TR | IWB | $302.0K | 737 | flat | 10q | +4.1%+$11.9K | |
| MERCK & CO INC | MRK | $298.8K | 2,325 | flat | 3q | HELD | |
| ISHARES TR | IEFA | $295.2K | 3,056 | flat | 6q | -8.4%-$27.0K | |
| ISHARES TR | IHE | $291.6K | 2,945 | flat | 6q | HELD | |
| CANADIAN NATL RY CO | CNI | $281.4K | 2,360 | flat | 3q | HELD | |
| INTEL CORP | INTC | $279.3K | 2,000 | - | new | NEW | |
| FIRST TR EXCHANGE TRADED FD | CIBR | $278.5K | 3,100 | +0.01pp | 5q | HELD | |
| STATE STR SPDR S&P MIDCAP 40 | MDY | $270.8K | 385 | flat | 10q | HELD | |
| ACCENTURE PLC IRELAND | ACN | $265.3K | 2,132 | -0.02pp | 16q | HELD | |
| ABBOTT LABORATORIES | ABT | $263.8K | 2,907 | -0.01pp | 3q | HELD | |
| JPMORGAN CHASE FINL CO LLC | AMJB | $253.3K | 7,343 | flat | 9q | -5.0%-$13.5K | |
| VISA INC | V | $245.4K | 715 | flat | 18q | HELD | |
| FASTENAL CO | FAST | $230.5K | 4,800 | flat | 2q | HELD | |
| HONEYWELL INTL INC | HON | $228.8K | 1,022 | - | new | NEW | |
| HONEYWELL AEROSPACE INC | HONA | $225.9K | 1,022 | - | new | NEW | |
| APPLIED MATLS INC | AMAT | $216.9K | 300 | - | new | NEW | |
| L3HARRIS TECHNOLOGIES INC | LHX | $209.2K | 720 | -0.01pp | 2q | HELD | |
| ISHARES TR | IVW | $204.5K | 1,487 | - | new | NEW | |
| MIMEDX GROUP INC | MDXG | $75.4K | 19,591 | - | 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 |
|---|---|---|
| Business Services | $213.3M | 18.8% |
| Biotech & Pharma | $176.1M | 15.5% |
| Banks & Lending | $127.7M | 11.2% |
| Software & IT Services | $107.5M | 9.5% |
| Capital Markets | $97.0M | 8.5% |
| Autos & Aerospace | $45.8M | 4.0% |
| Semiconductors & Electronics | $34.5M | 3.0% |
| Mining & Metals | $32.4M | 2.8% |
| Chemicals | $23.7M | 2.1% |
| Insurance | $22.4M | 2.0% |
| Retail & Consumer | $20.1M | 1.8% |
| Other sectors | $103.2M | 9.1% |
| Not classified | $132.3M | 11.6% |
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 |
|---|---|---|---|---|
| Q2 2026 | +20.1% | +14.8% | +5.3% | 93% |
| Q1 2026 | -6.4% | -4.6% | -1.8% | 90% |
| Q4 2025 | -1.0% | +2.4% | -3.4% | 88% |
| Q3 2025 | +9.8% | +7.8% | +2.0% | 85% |
| Q2 2025 | +2.4% | +10.5% | -8.1% | 90% |
| Q1 2025 | -10.1% | -4.6% | -5.6% | 92% |
| Q4 2024 | +6.0% | +2.1% | +3.8% | 94% |
| Q3 2024 | +18.9% | +5.4% | +13.5% | 95% |
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 |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $1.1B | 181 | 13 | 63 | 37 | 10 | 45.3% | 45 |
| Q1 2026 | $1.0B | 178 | 20 | 55 | 56 | 8 | 42.2% | 45 |
| Q4 2025 | $1.1B | 166 | 29 | 58 | 40 | 12 | 41.9% | 48 |
| Q3 2025 | $1.1B | 149 | 15 | 49 | 39 | 9 | 42.3% | 45 |
| Q2 2025 | $1.0B | 143 | 19 | 51 | 32 | 8 | 43.6% | 45 |
| Q1 2025 | $913.6M | 132 | 17 | 57 | 30 | 13 | 47.8% | 45 |
| Q4 2024 | $954.0M | 128 | 7 | 36 | 45 | 5 | 52.5% | 45 |
| Q3 2024 | $933.0M | 126 | 9 | 34 | 48 | 14 | 53.2% | 45 |
| Q2 2024 | $859.9M | 131 | 10 | 17 | 55 | 7 | 50.7% | 45 |
| Q1 2024 | $893.6M | 128 | 9 | 36 | 46 | 13 | 49.9% | 45 |
| Q4 2023 | $898.9M | 132 | 9 | 54 | 25 | 9 | 49.5% | 45 |
| Q3 2023 | $846.1M | 132 | 11 | 29 | 49 | 13 | 47.6% | 45 |
| Q2 2023 | $841.4M | 134 | 29 | 65 | 21 | 8 | 46.8% | 45 |
| Q1 2023 | $860.0M | 113 | 17 | 49 | 26 | 17 | 51.6% | 45 |
| Q4 2022 | $736.9M | 113 | 15 | 47 | 19 | 22 | 51.3% | 45 |
| Q3 2022 | $691.7M | 120 | 44 | 29 | 34 | 16 | 46.6% | 45 |
| Q2 2022 | $656.3M | 92 | 17 | 46 | 10 | 20 | 46.7% | 46 |
| Q1 2022 | $685.6M | 95 | 53 | 19 | 11 | 8 | 47.7% | 46 |
| Q4 2021 | $676.4M | 50 | 10 | 26 | 4 | 17 | 49.3% | 45 |
| Q3 2021 | $680.2M | 57 | 13 | 13 | 11 | 8 | 47.9% | 46 |
| Q2 2021 | $664.6M | 52 | 14 | 12 | 3 | 14 | 52.0% | 47 |
| Q1 2021 | $587.6M | 52 | 20 | 4 | 24 | 12 | 50.7% | 47 |
| Q4 2020 | $537.9M | 44 | 7 | 5 | 26 | 23 | 53.3% | 47 |
| Q3 2020 | $436.7M | 60 | 24 | 6 | 24 | 20 | 51.4% | 47 |
| Q2 2020 | $404.0M | 56 | 23 | 7 | 22 | 13 | 53.8% | 45 |
| Q1 2020 | $318.7M | 46 | 12 | 9 | 24 | 10 | 57.7% | 45 |
| Q4 2019 | $576.5M | 44 | 8 | 6 | 29 | 4 | 57.3% | 45 |
| Q3 2019 | $575.4M | 40 | 5 | 10 | 22 | 9 | 52.5% | 45 |
| Q2 2019 | $674.1M | 44 | 3 | 18 | 16 | 3 | 54.3% | 45 |
| Q1 2019 | $661.6M | 44 | 4 | 12 | 26 | 3 | 51.3% | 45 |
| Q4 2018 | $598.3M | 43 | 0 | 0 | 0 | 0 | 50.5% | 45 |
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.