# LYELL WEALTH MANAGEMENT, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1686444. Source: https://holderbook.com/funds/1686444-lyell-wealth-management-lp/

- Reported value: $1.6B
- Positions: 232
- Weight of the ten largest: 36.5%
- Filed: 2026-08-05

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $115.3M | 576,081 | 7.1% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $89.8M | 254,136 | 5.5% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $65.5M | 183,316 | 4.0% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $59.2M | 173,721 | 3.6% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $53.5M | 185,015 | 3.3% | 31 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $49.9M | 76,152 | 3.1% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $42.4M | 177,700 | 2.6% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $40.4M | 69,499 | 2.5% | 23 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $39.6M | 19,930 | 2.4% | 23 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $38.4M | 36,103 | 2.4% | 24 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $35.0M | 93,697 | 2.1% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $33.9M | 103,574 | 2.1% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $33.5M | 190,149 | 2.1% | 21 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $32.5M | 97,138 | 2.0% | 8 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $31.8M | 66,578 | 2.0% | 23 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $31.7M | 56,248 | 1.9% | 31 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $28.3M | 39,309 | 1.7% | 7 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $28.3M | 30,240 | 1.7% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $23.2M | 111,062 | 1.4% | 23 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $20.6M | 126,420 | 1.3% | 31 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $19.8M | 52,693 | 1.2% | 23 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $19.1M | 167,421 | 1.2% | 31 |
| EXTREME NETWORKS INC | [EXTR](https://holderbook.com/stocks/EXTR/) | $18.9M | 582,345 | 1.2% | 26 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $18.2M | 53,002 | 1.1% | 31 |
| TOLL BROTHERS INC | [TOL](https://holderbook.com/stocks/TOL/) | $17.4M | 105,787 | 1.1% | 24 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $17.4M | 46,015 | 1.1% | 22 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $17.3M | 34,479 | 1.1% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $16.8M | 47,689 | 1.0% | 31 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $16.3M | 37,835 | 1.0% | 2 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $15.5M | 39,001 | 1.0% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $15.2M | 213,528 | 0.9% | 31 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $14.7M | 57,775 | 0.9% | 22 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $14.7M | 129,683 | 0.9% | 15 |
| ISHARES TR | [IBDS](https://holderbook.com/stocks/IBDS/) | $14.4M | 592,813 | 0.9% | 17 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $14.1M | 18,915 | 0.9% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $13.9M | 192,912 | 0.9% | 9 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $13.7M | 55,907 | 0.8% | 19 |
| ISHARES TR | [IBDT](https://holderbook.com/stocks/IBDT/) | $13.4M | 529,578 | 0.8% | 15 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $13.1M | 20,668 | 0.8% | 23 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $12.9M | 34,889 | 0.8% | 31 |
| ISHARES TR | [IBDU](https://holderbook.com/stocks/IBDU/) | $12.7M | 546,943 | 0.8% | 15 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $12.4M | 55,561 | 0.8% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $12.1M | 24,228 | 0.7% | 31 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $11.9M | 22,660 | 0.7% | 29 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $11.6M | 36,756 | 0.7% | 30 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $11.5M | 61,942 | 0.7% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $10.9M | 72,050 | 0.7% | 3 |
| ISHARES TR | [IBDV](https://holderbook.com/stocks/IBDV/) | $10.7M | 492,598 | 0.7% | 12 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $10.4M | 164,798 | 0.6% | 14 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $10.1M | 19,629 | 0.6% | 24 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $9.1M | 91,809 | 0.6% | 30 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $8.8M | 55,725 | 0.5% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $8.8M | 9,138 | 0.5% | 8 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $8.7M | 12,699 | 0.5% | 9 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $8.6M | 31,590 | 0.5% | 31 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $8.5M | 350,401 | 0.5% | 23 |
| ISHARES TR | [IBDW](https://holderbook.com/stocks/IBDW/) | $7.7M | 369,802 | 0.5% | 11 |
| ISHARES TR | [IBDX](https://holderbook.com/stocks/IBDX/) | $6.7M | 266,910 | 0.4% | 11 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $6.3M | 33,020 | 0.4% | 27 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $6.2M | 27,617 | 0.4% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $6.1M | 27,617 | 0.4% | 1 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $5.8M | 39,190 | 0.4% | 22 |
| BLUE OWL CAPITAL INC | [OWL](https://holderbook.com/stocks/OWL/) | $5.8M | 662,107 | 0.4% | 5 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $5.7M | 21,838 | 0.3% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $5.6M | 13,323 | 0.3% | 27 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $5.5M | 32,736 | 0.3% | 10 |
| ISHARES TR | [IBDY](https://holderbook.com/stocks/IBDY/) | $5.3M | 204,795 | 0.3% | 6 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $5.1M | 56,357 | 0.3% | 24 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $4.8M | 26,935 | 0.3% | 31 |
| ISHARES TR | [IBDZ](https://holderbook.com/stocks/IBDZ/) | $4.7M | 181,335 | 0.3% | 4 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $4.3M | 75,268 | 0.3% | 31 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $4.3M | 26,881 | 0.3% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.1M | 5,501 | 0.3% | 27 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.8M | 23,112 | 0.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $3.8M | 135,998 | 0.2% | 9 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $3.7M | 19,548 | 0.2% | 15 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $3.6M | 20,295 | 0.2% | 30 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.4M | 2,847 | 0.2% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $3.3M | 2,880 | 0.2% | 23 |
| GUIDEWIRE SOFTWARE INC | [GWRE](https://holderbook.com/stocks/GWRE/) | $3.3M | 26,780 | 0.2% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $3.1M | 14,773 | 0.2% | 24 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $3.1M | 4,080 | 0.2% | 1 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $3.0M | 31,340 | 0.2% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $3.0M | 9,974 | 0.2% | 23 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $3.0M | 37,450 | 0.2% | 2 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.6M | 3,508 | 0.2% | 25 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $2.6M | 18,860 | 0.2% | 1 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $2.5M | 32,385 | 0.2% | 23 |
| BALL CORP | [BALL](https://holderbook.com/stocks/BALL/) | $2.5M | 39,605 | 0.2% | 22 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $2.4M | 52,359 | 0.1% | 18 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $2.3M | 21,416 | 0.1% | 31 |
| VANECK MERK GOLD ETF | [OUNZ](https://holderbook.com/stocks/OUNZ/) | $2.3M | 59,265 | 0.1% | 21 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.2M | 18,905 | 0.1% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $2.2M | 6,446 | 0.1% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.2M | 8,500 | 0.1% | 31 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $2.1M | 39,708 | 0.1% | 21 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $2.1M | 16,824 | 0.1% | 11 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $2.0M | 3,178 | 0.1% | 2 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $2.0M | 19,286 | 0.1% | 14 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $2.0M | 16,125 | 0.1% | 31 |

## 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 | +18.6% | +14.8% | +3.8% | 98% |
| Q1 2026 | -5.7% | -4.6% | -1.0% | 98% |
| Q4 2025 | +0.8% | +2.4% | -1.6% | 98% |
| Q3 2025 | +7.0% | +7.8% | -0.8% | 98% |
| Q2 2025 | +15.8% | +10.5% | +5.3% | 97% |
| Q1 2025 | -7.1% | -4.6% | -2.6% | 98% |
| Q4 2024 | +2.3% | +2.1% | +0.2% | 97% |
| Q3 2024 | +4.6% | +5.4% | -0.9% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.6B | 232 |
| Q1 2026 | $1.4B | 216 |
| Q4 2025 | $1.4B | 213 |
| Q3 2025 | $1.3B | 211 |
| Q2 2025 | $1.3B | 219 |
| Q1 2025 | $1.1B | 202 |
| Q4 2024 | $1.1B | 200 |
| Q3 2024 | $1.1B | 207 |
| Q2 2024 | $1.0B | 199 |
| Q1 2024 | $983.5M | 197 |
| Q4 2023 | $879.6M | 195 |
| Q3 2023 | $743.6M | 179 |