# SRN Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2025 on Form 13F. CIK 1872370. Source: https://holderbook.com/funds/1872370-srn-advisors-llc/

- Reported value: $109.8M
- Positions: 98
- Weight of the ten largest: 25.3%
- Filed: 2025-08-14

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.4M | 27,666 | 4.0% | 19 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $3.5M | 12,872 | 3.2% | 15 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.1M | 3,143 | 2.8% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.8M | 7,934 | 2.6% | 19 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.7M | 4,824 | 2.5% | 19 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $2.7M | 7,157 | 2.5% | 3 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $2.2M | 23,824 | 2.0% | 16 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $2.1M | 2,397 | 2.0% | 19 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $2.1M | 9,305 | 1.9% | 19 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.0M | 4,120 | 1.9% | 19 |
| CIPHER DIGITAL INC | [CIFR](https://holderbook.com/stocks/CIFR/) | $2.0M | 427,716 | 1.9% | 3 |
| BITDEER TECHNOLOGIES GROUP | [BTDR](https://holderbook.com/stocks/BTDR/) | $2.0M | 177,778 | 1.9% | 1 |
| TERAWULF INC | [WULF](https://holderbook.com/stocks/WULF/) | $1.9M | 433,348 | 1.7% | 3 |
| GARMIN LTD | [GRMN](https://holderbook.com/stocks/GRMN/) | $1.8M | 8,724 | 1.7% | 3 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $1.8M | 8,096 | 1.6% | 11 |
| CORE SCIENTIFIC INC NEW | [CORZ](https://holderbook.com/stocks/CORZ/) | $1.7M | 102,460 | 1.6% | 3 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $1.7M | 5,479 | 1.6% | 7 |
| RIOT PLATFORMS INC | [RIOT](https://holderbook.com/stocks/RIOT/) | $1.7M | 150,462 | 1.5% | 4 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $1.7M | 1,621 | 1.5% | 15 |
| CIRCLE INTERNET GROUP INC | [CRCL](https://holderbook.com/stocks/CRCL/) | $1.5M | 8,439 | 1.4% | 1 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $1.5M | 3,727 | 1.4% | 7 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $1.5M | 5,089 | 1.4% | 19 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $1.5M | 2,528 | 1.3% | 11 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $1.5M | 3,599 | 1.3% | 10 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $1.4M | 1,953 | 1.3% | 15 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $1.4M | 20,749 | 1.3% | 19 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.3M | 8,084 | 1.2% | 4 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $1.2M | 3,525 | 1.1% | 17 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $1.2M | 1,542 | 1.1% | 19 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.2M | 3,347 | 1.1% | 7 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $1.2M | 12,066 | 1.1% | 3 |
| CUSTOMERS BANCORP INC | [CUBI](https://holderbook.com/stocks/CUBI/) | $1.2M | 20,185 | 1.1% | 15 |
| MARA HOLDINGS INC | [MARA](https://holderbook.com/stocks/MARA/) | $1.2M | 73,902 | 1.1% | 18 |
| HUT 8 CORP | [HUT](https://holderbook.com/stocks/HUT/) | $1.1M | 59,260 | 1.0% | 1 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.1M | 11,251 | 1.0% | 3 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $1.1M | 3,974 | 1.0% | 3 |
| GLOBE LIFE INC | [GL](https://holderbook.com/stocks/GL/) | $1.0M | 8,267 | 0.9% | 7 |
| PULTE GROUP INC | [PHM](https://holderbook.com/stocks/PHM/) | $1.0M | 9,495 | 0.9% | 7 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $1.0M | 23,826 | 0.9% | 11 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $993.7K | 3,430 | 0.9% | 7 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $992.7K | 3,031 | 0.9% | 7 |
| OLD DOMINION FREIGHT LINE IN | [ODFL](https://holderbook.com/stocks/ODFL/) | $981.8K | 6,049 | 0.9% | 15 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $965.1K | 1,924 | 0.9% | 7 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $947.8K | 8,296 | 0.9% | 3 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $910.6K | 3,089 | 0.8% | 19 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $904.0K | 2,150 | 0.8% | 7 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $901.5K | 4,342 | 0.8% | 19 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $877.2K | 6,914 | 0.8% | 3 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $859.8K | 3,538 | 0.8% | 19 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $850.2K | 2,476 | 0.8% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $841.1K | 1,079 | 0.8% | 3 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $839.3K | 10,756 | 0.8% | 3 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $826.6K | 4,515 | 0.8% | 15 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $825.6K | 2,715 | 0.8% | 19 |
| PENTAIR PLC | [PNR](https://holderbook.com/stocks/PNR/) | $817.8K | 7,966 | 0.7% | 3 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $817.8K | 2,967 | 0.7% | 7 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $814.7K | 6,198 | 0.7% | 7 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $813.7K | 3,494 | 0.7% | 7 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $805.6K | 1,717 | 0.7% | 10 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $803.8K | 3,251 | 0.7% | 7 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $795.5K | 1,124 | 0.7% | 19 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $765.7K | 3,502 | 0.7% | 11 |
| ERIE INDTY CO | [ERIE](https://holderbook.com/stocks/ERIE/) | $764.0K | 2,203 | 0.7% | 3 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $757.0K | 5,872 | 0.7% | 3 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $751.6K | 10,580 | 0.7% | 3 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $741.0K | 4,461 | 0.7% | 11 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $739.9K | 7,698 | 0.7% | 3 |
| CINCINNATI FINL CORP | [CINF](https://holderbook.com/stocks/CINF/) | $735.5K | 4,939 | 0.7% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $727.0K | 4,563 | 0.7% | 7 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $718.6K | 8,036 | 0.7% | 19 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $714.5K | 681 | 0.7% | 3 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $713.0K | 3,940 | 0.6% | 3 |
| SMITH A O CORP | [AOS](https://holderbook.com/stocks/AOS/) | $708.6K | 10,807 | 0.6% | 7 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $701.3K | 34,293 | 0.6% | 19 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $699.6K | 5,676 | 0.6% | 2 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $676.6K | 5,248 | 0.6% | 7 |
| CLEANSPARK INC | [CLSK](https://holderbook.com/stocks/CLSK/) | $675.0K | 61,201 | 0.6% | 6 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $663.3K | 3,233 | 0.6% | 19 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $662.5K | 5,626 | 0.6% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $659.0K | 8,325 | 0.6% | 3 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $635.7K | 8,553 | 0.6% | 19 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $619.4K | 8,927 | 0.6% | 19 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $612.2K | 2,800 | 0.6% | 19 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $607.0K | 4,278 | 0.6% | 19 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $562.7K | 1,764 | 0.5% | 19 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $550.8K | 6,045 | 0.5% | 18 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $509.9K | 37,166 | 0.5% | 13 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $508.0K | 5,924 | 0.5% | 19 |
| BROWN FORMAN CORP | [BFB](https://holderbook.com/stocks/BFB/) | $451.2K | 16,767 | 0.4% | 3 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $423.8K | 3,737 | 0.4% | 19 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $377.5K | 11,566 | 0.3% | 19 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $366.2K | 25,134 | 0.3% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $333.1K | 3,407 | 0.3% | 19 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $226.8K | 879 | 0.2% | 3 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $224.3K | 955 | 0.2% | 3 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $220.4K | 418 | 0.2% | 3 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $219.9K | 822 | 0.2% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $204.1K | 704 | 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 2025 | +20.9% | +10.5% | +10.4% | 100% |
| Q1 2025 | -5.2% | -4.6% | -0.7% | 100% |
| Q4 2024 | +1.4% | +2.1% | -0.7% | 100% |
| Q3 2024 | +7.6% | +5.4% | +2.2% | 100% |
| Q2 2024 | -3.9% | +4.0% | -8.0% | 100% |
| Q1 2024 | +16.7% | +10.0% | +6.7% | 100% |
| Q4 2023 | +26.0% | +11.2% | +14.8% | 100% |
| Q3 2023 | -4.3% | -3.6% | -0.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2025 | $109.8M | 98 |
| Q1 2025 | $89.0M | 99 |
| Q4 2024 | $112.5M | 102 |
| Q3 2024 | $112.8M | 93 |
| Q2 2024 | $120.2M | 92 |
| Q1 2024 | $128.1M | 91 |
| Q4 2023 | $111.5M | 90 |
| Q3 2023 | $100.9M | 86 |
| Q2 2023 | $112.4M | 86 |
| Q1 2023 | $109.1M | 88 |
| Q4 2022 | $100.8M | 85 |
| Q3 2022 | $119.6M | 107 |