# Rule One Partners, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2040263. Source: https://holderbook.com/funds/2040263-rule-one-partners-llc/

- Reported value: $694.1M
- Positions: 13
- Weight of the ten largest: 98.9%
- Filed: 2026-08-14

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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $532.4M | 0 | 76.7% | 1 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $42.4M | 0 | 6.1% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $29.9M | 405,000 | 4.3% | 8 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $18.1M | 0 | 2.6% | 1 |
| SPROUTS FMRS MKT INC | [SFM](https://holderbook.com/stocks/SFM/) | $17.3M | 210,800 | 2.5% | 8 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $15.6M | 99,001 | 2.3% | 2 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $14.6M | 127,600 | 2.1% | 7 |
| POOL CORP | [POOL](https://holderbook.com/stocks/POOL/) | $6.0M | 28,501 | 0.9% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.7M | 5,500 | 0.8% | 1 |
| POOL CORP | [POOL](https://holderbook.com/stocks/POOL/) | $4.7M | 0 | 0.7% | 1 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $4.4M | 60,001 | 0.6% | 1 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $1.6M | 35,001 | 0.2% | 3 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $1.5M | 37,001 | 0.2% | 3 |

## 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 | -10.0% | +14.8% | -24.8% | 100% |
| Q1 2026 | -5.5% | -4.6% | -0.9% | 100% |
| Q4 2025 | -10.7% | +2.4% | -13.1% | 99% |
| Q3 2025 | -9.0% | +7.8% | -16.8% | 98% |
| Q2 2025 | +20.5% | +10.5% | +10.0% | 100% |
| Q1 2025 | +2.2% | -4.6% | +6.7% | 100% |
| Q4 2024 | +10.7% | +2.1% | +8.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $694.1M | 13 |
| Q1 2026 | $100.7M | 12 |
| Q4 2025 | $684.8M | 14 |
| Q3 2025 | $710.9M | 11 |
| Q2 2025 | $184.4M | 9 |
| Q1 2025 | $256.0M | 18 |
| Q4 2024 | $259.3M | 13 |
| Q3 2024 | $234.0M | 11 |