# L2 Asset Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1686988. Source: https://holderbook.com/funds/1686988-l2-asset-management-llc/

- Reported value: $962.8M
- Positions: 411
- Weight of the ten largest: 21.7%
- 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 |
|---|---|---|---|---|---|
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $31.2M | 617,086 | 3.2% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $26.8M | 134,011 | 2.8% | 19 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $25.0M | 86,513 | 2.6% | 27 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $24.6M | 244,829 | 2.6% | 7 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $19.4M | 659,727 | 2.0% | 6 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $17.9M | 41,547 | 1.9% | 9 |
| PGIM ETF TR | [PAAA](https://holderbook.com/stocks/PAAA/) | $17.7M | 344,747 | 1.8% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $16.0M | 42,796 | 1.7% | 27 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $15.4M | 123,740 | 1.6% | 6 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $15.1M | 197,547 | 1.6% | 6 |
| SCHWAB STRATEGIC TR | [SCHI](https://holderbook.com/stocks/SCHI/) | $15.1M | 665,705 | 1.6% | 7 |
| SIMPLIFY EXCHANGE TRADED FUN | [MTBA](https://holderbook.com/stocks/MTBA/) | $14.5M | 295,184 | 1.5% | 7 |
| NETAPP INC | [NTAP](https://holderbook.com/stocks/NTAP/) | $13.8M | 89,426 | 1.4% | 24 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $12.9M | 255,713 | 1.3% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $12.7M | 35,536 | 1.3% | 27 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $12.2M | 100,731 | 1.3% | 5 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $11.3M | 335,004 | 1.2% | 6 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $11.3M | 31,241 | 1.2% | 27 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $10.6M | 90,630 | 1.1% | 27 |
| CF INDUSTRIES HOLD | [CF](https://holderbook.com/stocks/CF/) | $10.5M | 96,957 | 1.1% | 8 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $10.1M | 26,729 | 1.0% | 21 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $10.0M | 23,182 | 1.0% | 5 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $9.9M | 69,190 | 1.0% | 14 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $9.7M | 350,640 | 1.0% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $9.5M | 26,775 | 1.0% | 19 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $9.4M | 260,114 | 1.0% | 6 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $8.8M | 47,752 | 0.9% | 27 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $8.8M | 54,302 | 0.9% | 8 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $8.7M | 36,690 | 0.9% | 18 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $8.7M | 59,310 | 0.9% | 5 |
| PRINCIPAL EXCHANGE TRADED FD | [PREF](https://holderbook.com/stocks/PREF/) | $8.3M | 437,360 | 0.9% | 4 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $8.2M | 108,337 | 0.9% | 27 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $8.2M | 16,442 | 0.9% | 22 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $8.2M | 19,444 | 0.8% | 19 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $8.1M | 64,505 | 0.8% | 27 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $8.1M | 31,694 | 0.8% | 14 |
| ETF SER SOLUTIONS | [PFLD](https://holderbook.com/stocks/PFLD/) | $8.1M | 412,303 | 0.8% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $7.8M | 13,886 | 0.8% | 19 |
| LOGITECH INTL S A | [LOGI](https://holderbook.com/stocks/LOGI/) | $7.8M | 82,975 | 0.8% | 11 |
| BEST BUY INC | [BBY](https://holderbook.com/stocks/BBY/) | $7.7M | 102,104 | 0.8% | 27 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $7.7M | 6,705 | 0.8% | 17 |
| JABIL INC | [JBL](https://holderbook.com/stocks/JBL/) | $7.7M | 19,926 | 0.8% | 14 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $7.3M | 15,947 | 0.8% | 24 |
| ROYALTY PHARMA PLC | [RPRX](https://holderbook.com/stocks/RPRX/) | $7.3M | 129,324 | 0.8% | 5 |
| INCYTE CORP | [INCY](https://holderbook.com/stocks/INCY/) | $7.0M | 61,784 | 0.7% | 3 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $6.9M | 102,759 | 0.7% | 7 |
| EXELIXIS INC | [EXEL](https://holderbook.com/stocks/EXEL/) | $6.8M | 125,702 | 0.7% | 4 |
| LIVE NATION ENTERTAINMENT IN | [LYV](https://holderbook.com/stocks/LYV/) | $6.6M | 36,058 | 0.7% | 11 |
| JAZZ PHARMACEUTICALS PLC | [JAZZ](https://holderbook.com/stocks/JAZZ/) | $6.6M | 27,290 | 0.7% | 1 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $6.4M | 189,772 | 0.7% | 6 |
| SCHWAB STRATEGIC TR | [SCYB](https://holderbook.com/stocks/SCYB/) | $6.3M | 240,495 | 0.7% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $6.1M | 18,626 | 0.6% | 19 |
| RALPH LAUREN CORP | [RL](https://holderbook.com/stocks/RL/) | $5.9M | 14,650 | 0.6% | 9 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $5.8M | 10,732 | 0.6% | 16 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $5.8M | 139,256 | 0.6% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $5.5M | 9,511 | 0.6% | 19 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $5.5M | 19,530 | 0.6% | 27 |
| SCHWAB STRATEGIC TR | [SCHQ](https://holderbook.com/stocks/SCHQ/) | $5.2M | 165,654 | 0.5% | 7 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $5.0M | 108,179 | 0.5% | 12 |
| FOX CORP | [FOXA](https://holderbook.com/stocks/FOXA/) | $5.0M | 96,251 | 0.5% | 7 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $4.6M | 53,732 | 0.5% | 6 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $4.5M | 34,909 | 0.5% | 18 |
| ISHARES INC | [EUSA](https://holderbook.com/stocks/EUSA/) | $4.4M | 38,655 | 0.5% | 6 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $4.3M | 31,789 | 0.4% | 19 |
| ANGLOGOLD ASHANTI PLC | [AU](https://holderbook.com/stocks/AU/) | $4.1M | 50,384 | 0.4% | 4 |
| TOPBUILD COR | [BLD](https://holderbook.com/stocks/BLD/) | $3.7M | 10,308 | 0.4% | 3 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $3.6M | 154,061 | 0.4% | 2 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $3.6M | 10,001 | 0.4% | 8 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $3.5M | 62,716 | 0.4% | 7 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $3.5M | 34,685 | 0.4% | 5 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $3.5M | 61,193 | 0.4% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.4M | 9,933 | 0.4% | 19 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $3.4M | 3,191 | 0.4% | 18 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $3.4M | 4,656 | 0.3% | 14 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $3.3M | 31,099 | 0.3% | 19 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $3.3M | 73,852 | 0.3% | 3 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $3.3M | 23,444 | 0.3% | 27 |
| COCA COLA CONS INC | [COKE](https://holderbook.com/stocks/COKE/) | $3.2M | 16,522 | 0.3% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.9M | 25,198 | 0.3% | 7 |
| NRG ENERGY INC | [NRG](https://holderbook.com/stocks/NRG/) | $2.8M | 19,133 | 0.3% | 4 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $2.8M | 11,618 | 0.3% | 6 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $2.7M | 28,487 | 0.3% | 6 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $2.6M | 36,684 | 0.3% | 7 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $2.6M | 45,073 | 0.3% | 10 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $2.6M | 14,648 | 0.3% | 2 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $2.5M | 26,792 | 0.3% | 16 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.5M | 9,799 | 0.3% | 27 |
| CHECK POINT SOFTWARE TECH LT | [CHKP](https://holderbook.com/stocks/CHKP/) | $2.4M | 18,497 | 0.3% | 17 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.4M | 2,538 | 0.2% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.4M | 4,619 | 0.2% | 19 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $2.3M | 7,490 | 0.2% | 14 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $2.2M | 5,951 | 0.2% | 7 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $2.2M | 63,723 | 0.2% | 5 |
| EVERCORE INC | [EVR](https://holderbook.com/stocks/EVR/) | $2.2M | 6,449 | 0.2% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.2M | 14,888 | 0.2% | 9 |
| LAS VEGAS SANDS CORP | [LVS](https://holderbook.com/stocks/LVS/) | $2.2M | 46,890 | 0.2% | 8 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.2M | 37,808 | 0.2% | 19 |
| CORPAY INC | [CPAY](https://holderbook.com/stocks/CPAY/) | $2.1M | 6,374 | 0.2% | 10 |
| RENAISSANCERE HLDGS LTD | [RNR](https://holderbook.com/stocks/RNR/) | $2.0M | 6,382 | 0.2% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.0M | 5,729 | 0.2% | 19 |

## 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 | +11.2% | +14.8% | -3.7% | 100% |
| Q1 2026 | -1.3% | -4.6% | +3.4% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.5% | 100% |
| Q3 2025 | +7.0% | +7.8% | -0.8% | 99% |
| Q2 2025 | +9.6% | +10.5% | -0.9% | 100% |
| Q1 2025 | -4.1% | -4.6% | +0.4% | 100% |
| Q4 2024 | +6.4% | +2.1% | +4.3% | 100% |
| Q3 2024 | +6.5% | +5.4% | +1.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $962.8M | 411 |
| Q1 2026 | $1.1B | 397 |
| Q4 2025 | $748.5M | 366 |
| Q3 2025 | $691.1M | 363 |
| Q2 2025 | $611.2M | 360 |
| Q1 2025 | $489.6M | 274 |
| Q4 2024 | $460.1M | 248 |
| Q3 2024 | $368.0M | 231 |
| Q2 2024 | $331.9M | 214 |
| Q1 2024 | $304.6M | 212 |
| Q4 2023 | $243.3M | 176 |
| Q3 2023 | $212.6M | 216 |