# DCF Advisers, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1802493. Source: https://holderbook.com/funds/1802493-dcf-advisers-llc/

- Reported value: $565.8M
- Positions: 86
- Weight of the ten largest: 67.7%
- 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 |
|---|---|---|---|---|---|
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $142.2M | 0 | 25.1% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $129.9M | 100,000 | 23.0% | 27 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $19.1M | 54,000 | 3.4% | 27 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $18.7M | 0 | 3.3% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $16.8M | 29,000 | 3.0% | 27 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $15.3M | 59,250 | 2.7% | 9 |
| ARGENX SE | [ARGX](https://holderbook.com/stocks/ARGX/) | $13.2M | 14,200 | 2.3% | 27 |
| CORVUS PHARMACEUTICALS INC | [CRVS](https://holderbook.com/stocks/CRVS/) | $9.5M | 637,500 | 1.7% | 3 |
| CYBIN INC | [HELP](https://holderbook.com/stocks/HELP/) | $9.5M | 1,434,988 | 1.7% | 3 |
| TEVA PHARMACEUTICAL INDS LTD | [TEVA](https://holderbook.com/stocks/TEVA/) | $8.6M | 254,500 | 1.5% | 13 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $8.2M | 27,500 | 1.4% | 20 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $7.6M | 100,000 | 1.3% | 21 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $6.8M | 119,500 | 1.2% | 27 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.9M | 9,725 | 1.0% | 2 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $5.8M | 9,250 | 1.0% | 27 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $5.7M | 300,500 | 1.0% | 3 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $5.7M | 11,500 | 1.0% | 3 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $5.2M | 14,000 | 0.9% | 27 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $5.0M | 36,000 | 0.9% | 27 |
| NEWAMSTERDAM PHARMA COMPANY | [NAMS](https://holderbook.com/stocks/NAMS/) | $4.8M | 141,000 | 0.8% | 8 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $4.7M | 62,500 | 0.8% | 13 |
| INCYTE CORP | [INCY](https://holderbook.com/stocks/INCY/) | $4.7M | 41,500 | 0.8% | 27 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $4.7M | 40,000 | 0.8% | 18 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $4.6M | 40,000 | 0.8% | 11 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $4.5M | 50,875 | 0.8% | 9 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $4.5M | 30,500 | 0.8% | 27 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $4.0M | 28,500 | 0.7% | 14 |
| IMMUNEERING CORP | [IMRX](https://holderbook.com/stocks/IMRX/) | $3.9M | 790,000 | 0.7% | 3 |
| BIOHAVEN LTD | [BHVN](https://holderbook.com/stocks/BHVN/) | $3.9M | 130,000 | 0.7% | 9 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $3.8M | 39,500 | 0.7% | 3 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $3.6M | 50,000 | 0.6% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $3.2M | 7,500 | 0.6% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.2M | 2,700 | 0.6% | 23 |
| EVOTEC AG | [EVO](https://holderbook.com/stocks/EVO/) | $3.0M | 1,079,024 | 0.5% | 14 |
| IONIS PHARMACEUTICALS INC | [IONS](https://holderbook.com/stocks/IONS/) | $3.0M | 37,500 | 0.5% | 9 |
| ABRDN TOTAL DYNAMIC DIVIDEND | [AOD](https://holderbook.com/stocks/AOD/) | $2.7M | 266,000 | 0.5% | 27 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.7M | 10,750 | 0.5% | 27 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.7M | 7,125 | 0.5% | 9 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $2.6M | 30,500 | 0.5% | 13 |
| NUVEEN CR STRATEGIES INCOME | [JQC](https://holderbook.com/stocks/JQC/) | $2.6M | 528,113 | 0.5% | 17 |
| VANECK ETF TRUST | [GDXJ](https://holderbook.com/stocks/GDXJ/) | $2.5M | 25,000 | 0.4% | 15 |
| LIFECORE BIOMEDICAL INC | [LFCR](https://holderbook.com/stocks/LFCR/) | $2.2M | 424,500 | 0.4% | 13 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $2.2M | 60,000 | 0.4% | 1 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $2.1M | 40,000 | 0.4% | 24 |
| MARINEMAX INC | [HZO](https://holderbook.com/stocks/HZO/) | $2.1M | 57,500 | 0.4% | 1 |
| BARNES & NOBLE ED INC | [BNED](https://holderbook.com/stocks/BNED/) | $2.1M | 164,383 | 0.4% | 9 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.9M | 5,250 | 0.3% | 14 |
| UNIQURE NV | [QURE](https://holderbook.com/stocks/QURE/) | $1.8M | 40,000 | 0.3% | 2 |
| SPROTT FDS TR | [URNM](https://holderbook.com/stocks/URNM/) | $1.8M | 35,000 | 0.3% | 9 |
| STRUCTURE THERAPEUTICS INC | [GPCR](https://holderbook.com/stocks/GPCR/) | $1.7M | 32,100 | 0.3% | 3 |
| XENCOR INC | [XNCR](https://holderbook.com/stocks/XNCR/) | $1.7M | 103,736 | 0.3% | 27 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.7M | 5,750 | 0.3% | 27 |
| ALLOT LTD | [ALLT](https://holderbook.com/stocks/ALLT/) | $1.5M | 170,000 | 0.3% | 6 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $1.3M | 55,000 | 0.2% | 1 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.3M | 6,000 | 0.2% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.3M | 7,000 | 0.2% | 27 |
| ZAI LAB LTD | [ZLAB](https://holderbook.com/stocks/ZLAB/) | $1.2M | 63,500 | 0.2% | 9 |
| ARQ INC | [ARQ](https://holderbook.com/stocks/ARQ/) | $1.2M | 461,585 | 0.2% | 3 |
| LYFT INC | [LYFT](https://holderbook.com/stocks/LYFT/) | $1.1M | 78,000 | 0.2% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.1M | 2,000 | 0.2% | 18 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.0M | 0 | 0.2% | 3 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $901.4K | 3,000 | 0.2% | 13 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $900.7K | 4,750 | 0.2% | 1 |
| SRH TOTAL RETURN FUND INC | [STEW](https://holderbook.com/stocks/STEW/) | $895.0K | 50,000 | 0.2% | 27 |
| PINTEREST INC | [PINS](https://holderbook.com/stocks/PINS/) | $841.2K | 40,000 | 0.1% | 2 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $770.8K | 10,000 | 0.1% | 3 |
| COMPASS PATHWAYS PLC | [CMPS](https://holderbook.com/stocks/CMPS/) | $767.6K | 54,250 | 0.1% | 2 |
| PROTHENA CORP PLC | [PRTA](https://holderbook.com/stocks/PRTA/) | $717.1K | 73,247 | 0.1% | 22 |
| ZENAS BIOPHARMA INC | [ZBIO](https://holderbook.com/stocks/ZBIO/) | $715.3K | 28,184 | 0.1% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $714.7K | 0 | 0.1% | 3 |
| VIRIDIAN THERAPEUTICS INC | [VRDN](https://holderbook.com/stocks/VRDN/) | $698.1K | 38,000 | 0.1% | 13 |
| LENSAR INC | [LNSR](https://holderbook.com/stocks/LNSR/) | $675.0K | 118,217 | 0.1% | 23 |
| TURNING PT BRANDS INC | [TPB](https://holderbook.com/stocks/TPB/) | $636.1K | 7,500 | 0.1% | 25 |
| SAVARA INC | [SVRA](https://holderbook.com/stocks/SVRA/) | $616.0K | 100,000 | 0.1% | 1 |
| ANAPTYSBIO INC | [ANAB](https://holderbook.com/stocks/ANAB/) | $615.2K | 9,114 | 0.1% | 6 |
| O-I GLASS INC | [OI](https://holderbook.com/stocks/OI/) | $577.8K | 60,000 | 0.1% | 14 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $529.0K | 1,500 | 0.1% | 1 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $528.0K | 1,150 | 0.1% | 14 |
| INFLARX NV | [IFRX](https://holderbook.com/stocks/IFRX/) | $511.8K | 228,500 | 0.1% | 3 |
| SANOFI SA | [SNY](https://holderbook.com/stocks/SNY/) | $426.6K | 0 | 0.1% | 3 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $372.3K | 3,750 | 0.1% | 1 |
| TELADOC HEALTH INC | [TDOC](https://holderbook.com/stocks/TDOC/) | $360.4K | 42,500 | 0.1% | 1 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $316.3K | 0 | 0.1% | 2 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $234.7K | 3,000 | 0.0% | 1 |
| ALTIMMUNE INC | [ALT](https://holderbook.com/stocks/ALT/) | $157.2K | 14,700 | 0.0% | 3 |
| ARDELYX INC | [ARDX](https://holderbook.com/stocks/ARDX/) | $112.2K | 22,000 | 0.0% | 5 |

## 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 | +62.1% | +14.8% | +47.3% | 98% |
| Q1 2026 | -1.4% | -4.6% | +3.2% | 94% |
| Q4 2025 | +21.2% | +2.4% | +18.8% | 80% |
| Q3 2025 | +20.5% | +7.8% | +12.7% | 96% |
| Q2 2025 | +9.6% | +10.5% | -0.8% | 97% |
| Q1 2025 | -0.5% | -4.6% | +4.1% | 89% |
| Q4 2024 | -0.5% | +2.1% | -2.6% | 95% |
| Q3 2024 | +4.2% | +5.4% | -1.2% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $565.8M | 86 |
| Q1 2026 | $375.1M | 79 |
| Q4 2025 | $372.8M | 82 |
| Q3 2025 | $311.2M | 84 |
| Q2 2025 | $215.8M | 75 |
| Q1 2025 | $208.9M | 77 |
| Q4 2024 | $206.7M | 81 |
| Q3 2024 | $250.2M | 82 |
| Q2 2024 | $194.1M | 85 |
| Q1 2024 | $203.0M | 76 |
| Q4 2023 | $184.3M | 75 |
| Q3 2023 | $183.6M | 81 |