# MILFAM LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1728825. Source: https://holderbook.com/funds/1728825-milfam-llc/

- Reported value: $128.2M
- Positions: 12
- Weight of the ten largest: 100.0%
- Filed: 2026-07-22

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 |
|---|---|---|---|---|---|
| NEXTNAV INC | [NN](https://holderbook.com/stocks/NN/) | $58.3M | 3,267,920 | 45.5% | 2 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $27.6M | 1,642,941 | 21.6% | 2 |
| OPTIMUM COMMUNICATIONS INC | [OPTU](https://holderbook.com/stocks/OPTU/) | $23.1M | 15,920,494 | 18.0% | 2 |
| SCULLY ROYALTY LTD | [SRL](https://holderbook.com/stocks/SRL/) | $12.2M | 1,985,952 | 9.5% | 2 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $2.0M | 0 | 1.6% | 2 |
| ARES MANAGEMENT CORPORATION | [ARES](https://holderbook.com/stocks/ARES/) | $1.7M | 15,000 | 1.3% | 1 |
| SEADRILL LTD | [SDRL](https://holderbook.com/stocks/SDRL/) | $1.5M | 40,000 | 1.2% | 2 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $887.3K | 7,500 | 0.7% | 1 |
| ENERGY RECOVERY INC | [ERII](https://holderbook.com/stocks/ERII/) | $676.5K | 75,000 | 0.5% | 1 |
| VIASAT INC | [VSAT](https://holderbook.com/stocks/VSAT/) | $269.4K | 3,000 | 0.2% | 1 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $21.3K | 100 | 0.0% | 1 |
| BLACKSTONE SENI FLTN RAT 202 | [BSL](https://holderbook.com/stocks/BSL/) | $26 | 2 | 0.0% | 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 | +1.0% | +14.8% | -13.8% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $128.2M | 12 |
| Q1 2026 | $102.3M | 8 |