# Act Two Investors LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1766907. Source: https://holderbook.com/funds/1766907-act-two-investors-llc/

- Reported value: $494.7M
- Positions: 37
- Weight of the ten largest: 70.2%
- Filed: 2026-08-10

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 |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $73.9M | 209,221 | 14.9% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $53.4M | 143,167 | 10.8% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $41.9M | 175,801 | 8.5% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $35.8M | 104,310 | 7.2% | 31 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $30.7M | 158,746 | 6.2% | 5 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $25.3M | 151,082 | 5.1% | 27 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $23.2M | 19,302 | 4.7% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $22.3M | 77,201 | 4.5% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $21.0M | 105,122 | 4.3% | 10 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $19.6M | 206,772 | 4.0% | 16 |
| SLM CORP | [SLM](https://holderbook.com/stocks/SLM/) | $18.6M | 716,772 | 3.8% | 12 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $17.8M | 79,607 | 3.6% | 2 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $17.2M | 238,057 | 3.5% | 6 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $15.8M | 50,217 | 3.2% | 16 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $9.0M | 27,491 | 1.8% | 31 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $8.7M | 354,554 | 1.8% | 9 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $8.6M | 69,325 | 1.7% | 1 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $6.7M | 8,920 | 1.4% | 31 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $6.2M | 256,210 | 1.3% | 7 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $5.6M | 77,907 | 1.1% | 7 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $4.6M | 17,595 | 0.9% | 2 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $4.1M | 74,530 | 0.8% | 4 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $3.9M | 33,020 | 0.8% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.9M | 10,804 | 0.8% | 14 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $3.4M | 6,710 | 0.7% | 31 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $3.0M | 35,181 | 0.6% | 13 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.0M | 3,550 | 0.4% | 14 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.8M | 6,820 | 0.4% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.4M | 2,821 | 0.3% | 14 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.2M | 2,344 | 0.2% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $984.7K | 2,062 | 0.2% | 11 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $754.6K | 2,275 | 0.2% | 11 |
| EAST WEST BANCORP INC | [EWBC](https://holderbook.com/stocks/EWBC/) | $680.3K | 5,270 | 0.1% | 11 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $628.3K | 3,525 | 0.1% | 11 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $334.1K | 1,189 | 0.1% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $331.1K | 979 | 0.1% | 11 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $255.0K | 1,740 | 0.1% | 11 |

## 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 | +7.8% | +14.8% | -7.0% | 100% |
| Q1 2026 | -9.3% | -4.6% | -4.7% | 100% |
| Q4 2025 | +1.2% | +2.4% | -1.1% | 100% |
| Q3 2025 | +7.1% | +7.8% | -0.7% | 100% |
| Q2 2025 | +6.7% | +10.5% | -3.7% | 100% |
| Q1 2025 | -1.5% | -4.6% | +3.1% | 100% |
| Q4 2024 | -0.5% | +2.1% | -2.7% | 100% |
| Q3 2024 | +2.7% | +5.4% | -2.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $494.7M | 37 |
| Q1 2026 | $453.2M | 36 |
| Q4 2025 | $555.9M | 38 |
| Q3 2025 | $564.2M | 39 |
| Q2 2025 | $489.9M | 37 |
| Q1 2025 | $471.8M | 41 |
| Q4 2024 | $513.5M | 46 |
| Q3 2024 | $530.1M | 45 |
| Q2 2024 | $505.2M | 49 |
| Q1 2024 | $497.9M | 48 |
| Q4 2023 | $463.0M | 47 |
| Q3 2023 | $373.8M | 36 |