# Valence8 US LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1943819. Source: https://holderbook.com/funds/1943819-valence8-us-lp/

- Reported value: $300.5M
- Positions: 15
- Weight of the ten largest: 92.6%
- Filed: 2026-08-06

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 |
|---|---|---|---|---|---|
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $90.4M | 412,060 | 30.1% | 11 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $51.5M | 69,893 | 17.1% | 15 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $28.2M | 307,308 | 9.4% | 4 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $26.1M | 527,435 | 8.7% | 11 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $19.2M | 231,632 | 6.4% | 15 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $14.8M | 93,378 | 4.9% | 1 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $14.7M | 67,421 | 4.9% | 15 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $13.7M | 20,934 | 4.6% | 5 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $12.7M | 166,318 | 4.2% | 14 |
| TCW ETF TRUST | [PWRD](https://holderbook.com/stocks/PWRD/) | $6.7M | 54,694 | 2.2% | 3 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $6.3M | 138,166 | 2.1% | 14 |
| ISHARES TR | [EWU](https://holderbook.com/stocks/EWU/) | $5.6M | 121,275 | 1.9% | 15 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $4.6M | 61,239 | 1.5% | 5 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $3.0M | 15,071 | 1.0% | 5 |
| GLOBAL X FDS | [COPX](https://holderbook.com/stocks/COPX/) | $2.8M | 37,018 | 0.9% | 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 | +14.7% | +14.8% | -0.1% | 100% |
| Q1 2026 | +0.7% | -4.6% | +5.3% | 100% |
| Q4 2025 | +3.3% | +2.4% | +0.9% | 100% |
| Q3 2025 | +7.4% | +7.8% | -0.4% | 100% |
| Q2 2025 | +9.1% | +10.5% | -1.3% | 100% |
| Q1 2025 | -0.0% | -4.6% | +4.5% | 100% |
| Q4 2024 | -3.7% | +2.1% | -5.9% | 99% |
| Q3 2024 | +5.9% | +5.4% | +0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $300.5M | 15 |
| Q1 2026 | $286.1M | 14 |
| Q4 2025 | $337.5M | 15 |
| Q3 2025 | $291.7M | 14 |
| Q2 2025 | $237.6M | 12 |
| Q1 2025 | $213.3M | 10 |
| Q4 2024 | $208.2M | 10 |
| Q3 2024 | $241.1M | 56 |
| Q2 2024 | $191.9M | 9 |
| Q1 2024 | $191.8M | 9 |
| Q4 2023 | $171.3M | 9 |
| Q3 2023 | $158.1M | 13 |