# Park State Asset Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1908423. Source: https://holderbook.com/funds/1908423-park-state-asset-management/

- Reported value: $102.4M
- Positions: 25
- Weight of the ten largest: 80.0%
- Filed: 2026-08-07

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/) | $16.7M | 47,279 | 16.3% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $13.0M | 54,372 | 12.6% | 19 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $11.3M | 38,910 | 11.0% | 19 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $10.3M | 29,902 | 10.0% | 19 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $6.8M | 45,040 | 6.7% | 19 |
| QUALYS INC | [QLYS](https://holderbook.com/stocks/QLYS/) | $5.9M | 43,215 | 5.8% | 6 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $5.0M | 13,426 | 4.9% | 19 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $4.7M | 10,404 | 4.6% | 19 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $4.7M | 5,000 | 4.6% | 19 |
| ALIGN TECHNOLOGY INC | [ALGN](https://holderbook.com/stocks/ALGN/) | $3.6M | 21,424 | 3.5% | 7 |
| TREX INC | [TREX](https://holderbook.com/stocks/TREX/) | $3.5M | 70,001 | 3.4% | 19 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $3.4M | 120,925 | 3.3% | 19 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.8M | 5,444 | 2.7% | 19 |
| DOMINOS PIZZA INC | [DPZ](https://holderbook.com/stocks/DPZ/) | $2.8M | 9,297 | 2.7% | 3 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $2.1M | 11,089 | 2.1% | 19 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.4M | 3,905 | 1.4% | 19 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.2M | 6,034 | 1.2% | 18 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $1.2M | 5,207 | 1.1% | 19 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $556.1K | 3,400 | 0.5% | 19 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $330.7K | 3,465 | 0.3% | 1 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $303.6K | 1,393 | 0.3% | 1 |
| INVESCO EXCH TRADED FD TR II | [PZA](https://holderbook.com/stocks/PZA/) | $262.5K | 11,159 | 0.3% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $259.9K | 348 | 0.3% | 2 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $211.7K | 1,697 | 0.2% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $201.8K | 274 | 0.2% | 1 |

## 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 | +9.3% | +14.8% | -5.6% | 100% |
| Q1 2026 | -10.6% | -4.6% | -5.9% | 100% |
| Q4 2025 | +3.9% | +2.4% | +1.5% | 100% |
| Q3 2025 | +2.3% | +7.8% | -5.5% | 100% |
| Q2 2025 | +1.5% | +10.5% | -9.0% | 100% |
| Q1 2025 | -5.6% | -4.6% | -1.1% | 100% |
| Q4 2024 | +1.5% | +2.1% | -0.7% | 100% |
| Q3 2024 | +1.4% | +5.4% | -4.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $102.4M | 25 |
| Q1 2026 | $132.1M | 20 |
| Q4 2025 | $149.1M | 20 |
| Q3 2025 | $145.8M | 19 |
| Q2 2025 | $155.9M | 20 |
| Q1 2025 | $163.5M | 22 |
| Q4 2024 | $177.9M | 21 |
| Q3 2024 | $170.3M | 19 |
| Q2 2024 | $168.3M | 19 |
| Q1 2024 | $168.0M | 19 |
| Q4 2023 | $158.2M | 19 |
| Q3 2023 | $137.2M | 18 |