# Whetstone Capital Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1607278. Source: https://holderbook.com/funds/1607278-whetstone-capital-advisors-llc/

- Reported value: $380.4M
- Positions: 67
- Weight of the ten largest: 71.3%
- Filed: 2026-08-14

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 |
|---|---|---|---|---|---|
| DAVE INC | [DAVE](https://holderbook.com/stocks/DAVE/) | $83.1M | 223,078 | 21.8% | 14 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $71.8M | 292,861 | 18.9% | 28 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $40.9M | 115,630 | 10.7% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $16.5M | 69,271 | 4.3% | 31 |
| FERMI INC | [FRMI](https://holderbook.com/stocks/FRMI/) | $12.0M | 1,311,002 | 3.2% | 1 |
| KLARNA GROUP PLC | [KLAR](https://holderbook.com/stocks/KLAR/) | $10.3M | 508,644 | 2.7% | 2 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $9.4M | 123,945 | 2.5% | 3 |
| TOAST INC | [TOST](https://holderbook.com/stocks/TOST/) | $9.4M | 336,853 | 2.5% | 12 |
| EXZEO GROUP INC | [XZO](https://holderbook.com/stocks/XZO/) | $9.1M | 541,544 | 2.4% | 3 |
| OPTIMIZERX CORP | [OPRX](https://holderbook.com/stocks/OPRX/) | $8.6M | 1,508,303 | 2.3% | 7 |
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $8.2M | 85,475 | 2.2% | 1 |
| ETORO GROUP LTD | [ETOR](https://holderbook.com/stocks/ETOR/) | $7.5M | 190,284 | 2.0% | 2 |
| BETTER HOME & FINANCE HOLDIN | [BETR](https://holderbook.com/stocks/BETR/) | $7.0M | 253,987 | 1.8% | 1 |
| FIGURE TECHNOLOGY SOLUTIO | [FIGR](https://holderbook.com/stocks/FIGR/) | $6.9M | 225,948 | 1.8% | 1 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $6.9M | 47,048 | 1.8% | 2 |
| PHREESIA INC | [PHR](https://holderbook.com/stocks/PHR/) | $6.5M | 629,752 | 1.7% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $6.1M | 41,598 | 1.6% | 1 |
| SERA PROGNOSTICS INC | [SERA](https://holderbook.com/stocks/SERA/) | $6.0M | 3,306,889 | 1.6% | 5 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $5.5M | 54,755 | 1.4% | 2 |
| WEALTHFRONT CORP | [WLTH](https://holderbook.com/stocks/WLTH/) | $5.4M | 604,160 | 1.4% | 2 |
| PAGAYA TECHNOLOGIES LTD | [PGY](https://holderbook.com/stocks/PGY/) | $5.4M | 295,665 | 1.4% | 2 |
| HEALTH CATALYST INC | [HCAT](https://holderbook.com/stocks/HCAT/) | $3.3M | 167,097 | 0.9% | 6 |
| SERVICETITAN INC | [TTAN](https://holderbook.com/stocks/TTAN/) | $3.3M | 46,323 | 0.9% | 1 |
| REPAY HLDGS CORP | [RPAY](https://holderbook.com/stocks/RPAY/) | $3.2M | 764,673 | 0.8% | 4 |
| BENTLEY SYS INC | [BSY](https://holderbook.com/stocks/BSY/) | $2.9M | 98,200 | 0.8% | 1 |
| PICS NV | [PICS](https://holderbook.com/stocks/PICS/) | $2.2M | 205,948 | 0.6% | 1 |
| PROCORE TECHNOLOGIES INC | [PCOR](https://holderbook.com/stocks/PCOR/) | $2.0M | 49,001 | 0.5% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.9M | 9,710 | 0.5% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.7M | 4,395 | 0.4% | 1 |
| VERTEX INC | [VERX](https://holderbook.com/stocks/VERX/) | $1.6M | 136,118 | 0.4% | 1 |
| HEALTH IN TECH INC | [HIT](https://holderbook.com/stocks/HIT/) | $1.5M | 1,509,766 | 0.4% | 1 |
| KLAVIYO INC | [KVYO](https://holderbook.com/stocks/KVYO/) | $1.3M | 88,946 | 0.4% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $1.3M | 4,238 | 0.3% | 1 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $822.5K | 595 | 0.2% | 1 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $807.7K | 406 | 0.2% | 1 |
| ASANA INC | [ASAN](https://holderbook.com/stocks/ASAN/) | $735.7K | 105,100 | 0.2% | 15 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $716.4K | 1,500 | 0.2% | 1 |
| BRAZE INC | [BRZE](https://holderbook.com/stocks/BRZE/) | $670.8K | 30,927 | 0.2% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $398.8K | 1,116 | 0.1% | 26 |
| AMKOR TECHNOLOGY INC | [AMKR](https://holderbook.com/stocks/AMKR/) | $396.7K | 4,600 | 0.1% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $337.1K | 811 | 0.1% | 4 |
| OUTFRONT MEDIA INC | [OUT](https://holderbook.com/stocks/OUT/) | $306.2K | 9,347 | 0.1% | 6 |
| CAMTEK LTD | [CAMT](https://holderbook.com/stocks/CAMT/) | $293.6K | 1,800 | 0.1% | 1 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $281.3K | 771 | 0.1% | 1 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $278.4K | 668 | 0.1% | 4 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $277.2K | 1,712 | 0.1% | 4 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $276.7K | 2,339 | 0.1% | 4 |
| SCOTTS MIRACLE-GRO CO | [SMG](https://holderbook.com/stocks/SMG/) | $276.3K | 4,056 | 0.1% | 4 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $273.8K | 14,327 | 0.1% | 4 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $272.5K | 3,787 | 0.1% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $271.7K | 1,070 | 0.1% | 4 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $268.8K | 2,284 | 0.1% | 4 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $267.2K | 4,444 | 0.1% | 3 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $264.3K | 1,461 | 0.1% | 4 |
| KKR REAL ESTATE FIN TR INC | [KREF](https://holderbook.com/stocks/KREF/) | $260.7K | 38,108 | 0.1% | 10 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $256.6K | 5,721 | 0.1% | 2 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $249.5K | 4,760 | 0.1% | 4 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $248.3K | 1,469 | 0.1% | 4 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $247.8K | 899 | 0.1% | 4 |
| RESTAURANT BRANDS INTL INC | [QSR](https://holderbook.com/stocks/QSR/) | $245.3K | 3,383 | 0.1% | 4 |
| BLUE OWL CAPITAL INC | [OWL](https://holderbook.com/stocks/OWL/) | $243.9K | 27,880 | 0.1% | 2 |
| VAIL RESORTS INC | [MTN](https://holderbook.com/stocks/MTN/) | $241.9K | 1,777 | 0.1% | 4 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $241.0K | 2,746 | 0.1% | 4 |
| SANOFI SA | [SNY](https://holderbook.com/stocks/SNY/) | $227.3K | 5,329 | 0.1% | 4 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $224.8K | 2,874 | 0.1% | 4 |
| CARLYLE GROUP INC | [CG](https://holderbook.com/stocks/CG/) | $223.7K | 5,312 | 0.1% | 5 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $205.4K | 5,201 | 0.1% | 4 |

## 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 | +41.7% | +14.8% | +26.9% | 92% |
| Q1 2026 | -15.5% | -4.6% | -10.9% | 98% |
| Q4 2025 | -5.9% | +2.4% | -8.2% | 97% |
| Q3 2025 | -0.5% | +7.8% | -8.4% | 100% |
| Q2 2025 | +44.1% | +10.5% | +33.7% | 100% |
| Q1 2025 | -2.5% | -4.6% | +2.1% | 96% |
| Q4 2024 | +21.0% | +2.1% | +18.9% | 100% |
| Q3 2024 | -2.4% | +5.4% | -7.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $380.4M | 67 |
| Q1 2026 | $288.4M | 54 |
| Q4 2025 | $320.5M | 54 |
| Q3 2025 | $361.1M | 56 |
| Q2 2025 | $354.0M | 32 |
| Q1 2025 | $226.3M | 28 |
| Q4 2024 | $310.2M | 30 |
| Q3 2024 | $207.5M | 37 |
| Q2 2024 | $215.5M | 38 |
| Q1 2024 | $228.4M | 31 |
| Q4 2023 | $198.8M | 30 |
| Q3 2023 | $180.8M | 35 |