DCF Advisers, LLC
Reported holdings as of Q2 2026, from 27 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| INVESCO QQQ TR OPT | QQQ | $142.2M | options only | +5.75pp | 3q | OPTIONS | |
| MICRON TECHNOLOGY INC OPT | MU | $129.9M | 100,000 | +9.44pp | 27q | -33.3%-$64.9M | |
| ALPHABET INC | GOOG | $19.1M | 54,000 | -0.99pp | 27q | -5.3%-$1.1M | |
| STATE STR SPDR S&P 500 ETF T OPT | SPY | $18.7M | options only | -0.43pp | 3q | OPTIONS | |
| ADVANCED MICRO DEVICES INC | AMD | $16.8M | 29,000 | +1.41pp | 27q | HELD | |
| AMAZON COM INC OPT | AMZN | $15.3M | 59,250 | +0.46pp | 9q | +55.9%+$5.5M | |
| ARGENX SE | ARGX | $13.2M | 14,200 | -0.52pp | 27q | -3.1%-$417.5K | |
| CORVUS PHARMACEUTICALS INC | CRVS | $9.5M | 637,500 | -0.80pp | 3q | HELD | |
| CYBIN INC | HELP | $9.5M | 1,434,988 | +0.79pp | 3q | +107.4%+$4.9M | |
| TEVA PHARMACEUTICAL INDS LTD | TEVA | $8.6M | 254,500 | -0.88pp | 13q | -15.2%-$1.5M | |
| MARVELL TECHNOLOGY INC | MRVL | $8.2M | 27,500 | +0.72pp | 20q | HELD | |
| ISHARES GOLD TR | IAU | $7.6M | 100,000 | -1.02pp | 21q | HELD | |
| BANK OF AMER CORP | BAC | $6.8M | 119,500 | -0.35pp | 27q | HELD | |
| MICROSOFT CORP OPT | MSFT | $5.9M | 9,725 | +0.80pp | 2q | +548.3%+$5.0M | |
| REGENERON PHARMACEUTICALS | REGN | $5.8M | 9,250 | -0.89pp | 27q | HELD | |
| ENERGY TRANSFER L P | ET | $5.7M | 300,500 | -0.53pp | 3q | HELD | |
| VERTEX PHARMACEUTICALS INC | VRTX | $5.7M | 11,500 | +0.18pp | 3q | +64.3%+$2.2M | |
| SPDR GOLD TR | GLD | $5.2M | 14,000 | -0.46pp | 27q | +16.7%+$736.8K | |
| CITIGROUP INC | C | $5.0M | 36,000 | -0.20pp | 27q | HELD | |
| NEWAMSTERDAM PHARMA COMPANY | NAMS | $4.8M | 141,000 | -0.53pp | 8q | -12.2%-$664.2K | |
| VANECK ETF TRUST | GDX | $4.7M | 62,500 | -0.70pp | 13q | HELD | |
| INCYTE CORP | INCY | $4.7M | 41,500 | -0.21pp | 27q | HELD | |
| CISCO SYS INC | CSCO | $4.7M | 40,000 | -0.62pp | 18q | -27.3%-$1.8M | |
| BAIDU INC | BIDU | $4.6M | 40,000 | -0.41pp | 11q | -2.4%-$114.3K | |
| ZOOM COMMUNICATIONS INC OPT | ZM | $4.5M | 50,875 | -0.20pp | 9q | +9.4%+$388.7K | |
| ORACLE CORP | ORCL | $4.5M | 30,500 | -0.33pp | 27q | +7.0%+$293.1K | |
| INTEL CORP | INTC | $4.0M | 28,500 | +0.29pp | 14q | -18.6%-$907.6K | |
| IMMUNEERING CORP | IMRX | $3.9M | 790,000 | +0.50pp | 3q | +458.5%+$3.2M | |
| BIOHAVEN LTD OPT | BHVN | $3.9M | 130,000 | +0.11pp | 9q | +5.3%+$196.8K | |
| ALIBABA GROUP HLDG LTD | BABA | $3.8M | 39,500 | -0.62pp | 3q | +2.6%+$96.0K | |
| UBER TECHNOLOGIES INC | UBER | $3.6M | 50,000 | -0.42pp | 3q | -9.1%-$360.8K | |
| LAM RESEARCH CORP | LRCX | $3.2M | 7,500 | - | new | NEW | |
| ELI LILLY & CO | LLY | $3.2M | 2,700 | -1.46pp | 23q | -67.5%-$6.7M | |
| EVOTEC AG | EVO | $3.0M | 1,079,024 | -0.18pp | 14q | +1.3%+$38.5K | |
| IONIS PHARMACEUTICALS INC | IONS | $3.0M | 37,500 | -0.60pp | 9q | -33.0%-$1.5M | |
| ABRDN TOTAL DYNAMIC DIVIDEND | AOD | $2.7M | 266,000 | -0.17pp | 27q | HELD | |
| ABBVIE INC | ABBV | $2.7M | 10,750 | -0.15pp | 27q | HELD | |
| BROADCOM INC | AVGO | $2.7M | 7,125 | +0.07pp | 9q | +46.2%+$849.9K | |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $2.6M | 30,500 | -0.27pp | 13q | HELD | |
| NUVEEN CR STRATEGIES INCOME | JQC | $2.6M | 528,113 | -0.16pp | 17q | +10.9%+$251.6K | |
| VANECK ETF TRUST | GDXJ | $2.5M | 25,000 | -0.37pp | 15q | HELD | |
| LIFECORE BIOMEDICAL INC | LFCR | $2.2M | 424,500 | -0.03pp | 13q | HELD | |
| BARRICK MNG CORP | B | $2.2M | 60,000 | - | new | NEW | |
| ISHARES SILVER TR | SLV | $2.1M | 40,000 | -0.35pp | 24q | HELD | |
| MARINEMAX INC | HZO | $2.1M | 57,500 | - | new | NEW | |
| BARNES & NOBLE ED INC | BNED | $2.1M | 164,383 | -0.10pp | 9q | -16.5%-$409.0K | |
| AMGEN INC | AMGN | $1.9M | 5,250 | -0.23pp | 14q | -12.5%-$271.6K | |
| UNIQURE NV | QURE | $1.8M | 40,000 | +0.11pp | 2q | -18.4%-$414.5K | |
| SPROTT FDS TR | URNM | $1.8M | 35,000 | -0.26pp | 9q | HELD | |
| STRUCTURE THERAPEUTICS INC | GPCR | $1.7M | 32,100 | -0.05pp | 3q | +16.7%+$246.9K | |
| XENCOR INC | XNCR | $1.7M | 103,736 | -0.04pp | 27q | HELD | |
| APPLE INC | AAPL | $1.7M | 5,750 | -0.09pp | 27q | HELD | |
| ALLOT LTD | ALLT | $1.5M | 170,000 | -0.01pp | 6q | +8.6%+$119.5K | |
| KRANESHARES TRUST | KWEB | $1.3M | 55,000 | - | new | NEW | |
| BOEING CO | BA | $1.3M | 6,000 | - | new | NEW | |
| QUALCOMM INC | QCOM | $1.3M | 7,000 | -0.12pp | 27q | -31.7%-$600.6K | |
| ZAI LAB LTD | ZLAB | $1.2M | 63,500 | -0.11pp | 9q | HELD | |
| ARQ INC | ARQ | $1.2M | 461,585 | -0.02pp | 3q | +40.8%+$341.1K | |
| LYFT INC | LYFT | $1.1M | 78,000 | -0.16pp | 6q | -23.9%-$357.9K | |
| META PLATFORMS INC | META | $1.1M | 2,000 | -0.11pp | 18q | HELD | |
| STARBUCKS CORP OPT | SBUX | $1.0M | options only | -0.06pp | 3q | OPTIONS | |
| ISHARES TR | IWM | $901.4K | 3,000 | -0.04pp | 13q | HELD | |
| ASTRAZENECA PLC | AZN | $900.7K | 4,750 | - | new | NEW | |
| SRH TOTAL RETURN FUND INC | STEW | $895.0K | 50,000 | -0.07pp | 27q | HELD | |
| PINTEREST INC | PINS | $841.2K | 40,000 | +0.03pp | 2q | +60.0%+$315.4K | |
| GENERAL MTRS CO | GM | $770.8K | 10,000 | -0.11pp | 3q | -20.0%-$192.7K | |
| COMPASS PATHWAYS PLC | CMPS | $767.6K | 54,250 | +0.07pp | 2q | +27.6%+$166.3K | |
| PROTHENA CORP PLC | PRTA | $717.1K | 73,247 | -0.06pp | 22q | HELD | |
| ZENAS BIOPHARMA INC | ZBIO | $715.3K | 28,184 | - | new | NEW | |
| ALPHABET INC OPT | GOOGL | $714.7K | options only | -1.33pp | 3q | OPTIONS | |
| VIRIDIAN THERAPEUTICS INC | VRDN | $698.1K | 38,000 | -0.04pp | 13q | +18.2%+$107.5K | |
| LENSAR INC | LNSR | $675.0K | 118,217 | -0.07pp | 23q | HELD | |
| TURNING PT BRANDS INC | TPB | $636.1K | 7,500 | -0.05pp | 25q | +7.1%+$42.4K | |
| SAVARA INC | SVRA | $616.0K | 100,000 | - | new | NEW | |
| ANAPTYSBIO INC | ANAB | $615.2K | 9,114 | -0.17pp | 6q | -51.5%-$652.1K | |
| O-I GLASS INC | OI | $577.8K | 60,000 | -0.07pp | 14q | HELD | |
| HOME DEPOT INC | HD | $529.0K | 1,500 | - | new | NEW | |
| SPOTIFY TECHNOLOGY S A | SPOT | $528.0K | 1,150 | -0.20pp | 14q | -8.0%-$45.9K | |
| INFLARX NV | IFRX | $511.8K | 228,500 | +0.05pp | 3q | +44.2%+$156.8K | |
| SANOFI SA OPT | SNY | $426.6K | options only | flat | 3q | OPTIONS | |
| SERVICENOW INC | NOW | $372.3K | 3,750 | - | new | NEW | |
| TELADOC HEALTH INC | TDOC | $360.4K | 42,500 | - | new | NEW | |
| ISHARES BITCOIN TRUST ETF OPT | IBIT | $316.3K | options only | -0.02pp | 2q | OPTIONS | |
| MEDTRONIC PLC | MDT | $234.7K | 3,000 | - | new | NEW | |
| ALTIMMUNE INC OPT | ALT | $157.2K | 14,700 | -0.01pp | 3q | HELD | |
| ARDELYX INC | ARDX | $112.2K | 22,000 | -0.01pp | 5q | +10.0%+$10.2K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Funds & ETFs | $167.1M | 29.5% |
| Semiconductors & Electronics | $162.9M | 28.8% |
| Biotech & Pharma | $98.4M | 17.4% |
| Software & IT Services | $41.6M | 7.4% |
| Retail & Consumer | $21.0M | 3.7% |
| Capital Markets | $15.2M | 2.7% |
| Banks & Lending | $11.8M | 2.1% |
| Business Services | $8.5M | 1.5% |
| Other sectors | $28.0M | 4.9% |
| Not classified | $11.3M | 2.0% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $565.8M | 86 | 12 | 22 | 19 | 5 | 67.7% | 41 |
| Q1 2026 | $375.1M | 79 | 7 | 11 | 30 | 10 | 56.6% | 41 |
| Q4 2025 | $372.8M | 82 | 25 | 12 | 21 | 27 | 50.8% | 42 |
| Q3 2025 | $311.2M | 84 | 24 | 22 | 13 | 15 | 45.6% | 43 |
| Q2 2025 | $215.8M | 75 | 3 | 27 | 18 | 5 | 42.5% | 43 |
| Q1 2025 | $208.9M | 77 | 20 | 24 | 18 | 24 | 42.9% | 39 |
| Q4 2024 | $206.7M | 81 | 15 | 28 | 18 | 16 | 41.2% | 42 |
| Q3 2024 | $250.2M | 82 | 5 | 18 | 33 | 8 | 52.5% | 44 |
| Q2 2024 | $194.1M | 85 | 15 | 25 | 11 | 6 | 45.7% | 43 |
| Q1 2024 | $203.0M | 76 | 6 | 20 | 14 | 5 | 50.9% | 45 |
| Q4 2023 | $184.3M | 75 | 7 | 17 | 31 | 13 | 51.6% | 44 |
| Q3 2023 | $183.6M | 81 | 7 | 22 | 22 | 3 | 51.7% | 44 |
| Q2 2023 | $189.3M | 77 | 17 | 21 | 15 | 3 | 55.4% | 40 |
| Q1 2023 | $163.4M | 63 | 12 | 16 | 16 | 13 | 58.1% | 45 |
| Q4 2022 | $148.0M | 64 | 11 | 14 | 23 | 11 | 55.5% | 44 |
| Q3 2022 | $154.8M | 64 | 14 | 17 | 17 | 15 | 51.4% | 45 |
| Q2 2022 | $167.9M | 65 | 15 | 15 | 20 | 9 | 52.3% | 42 |
| Q1 2022 | $228.3M | 59 | 10 | 14 | 20 | 21 | 62.0% | 43 |
| Q4 2021 | $246.6M | 70 | 6 | 18 | 14 | 11 | 57.0% | 41 |
| Q3 2021 | $226.5M | 75 | 9 | 20 | 17 | 18 | 53.0% | 46 |
| Q2 2021 | $282.2M | 84 | 15 | 16 | 27 | 19 | 55.4% | 44 |
| Q1 2021 | $230.1M | 88 | 19 | 17 | 29 | 22 | 46.5% | 42 |
| Q4 2020 | $242.4M | 91 | 25 | 20 | 22 | 20 | 46.6% | 43 |
| Q3 2020 | $195.6M | 86 | 22 | 21 | 18 | 6 | 45.5% | 44 |
| Q2 2020 | $178.7M | 70 | 17 | 17 | 24 | 10 | 49.9% | 44 |
| Q1 2020 | $152.9M | 63 | 13 | 21 | 10 | 11 | 58.6% | 42 |
| Q4 2019 | $157.9M | 61 | 0 | 0 | 0 | 0 | 50.5% | 43 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.