# RAHLFS CAPITAL, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2056410. Source: https://holderbook.com/funds/2056410-rahlfs-capital-llc/

- Reported value: $136.2M
- Positions: 86
- Weight of the ten largest: 46.2%
- Filed: 2026-07-28

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $10.7M | 37,020 | 7.9% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $10.2M | 201,780 | 7.5% | 5 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $7.5M | 14,992 | 5.5% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.2M | 20,115 | 5.3% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $5.3M | 47,015 | 3.9% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.1M | 13,765 | 3.8% | 7 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $5.1M | 36,759 | 3.8% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $4.9M | 36,126 | 3.6% | 7 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $3.4M | 11,563 | 2.5% | 7 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $3.3M | 44,255 | 2.5% | 7 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $2.7M | 27,895 | 2.0% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $2.5M | 44,092 | 1.8% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.4M | 9,955 | 1.7% | 7 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.3M | 8,610 | 1.7% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.3M | 11,270 | 1.7% | 7 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $2.2M | 6,100 | 1.6% | 7 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $2.2M | 23,585 | 1.6% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.2M | 8,600 | 1.6% | 7 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.2M | 50,896 | 1.6% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.0M | 3,521 | 1.5% | 1 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $2.0M | 17,545 | 1.4% | 7 |
| TKO GROUP HOLDINGS INC | [TKO](https://holderbook.com/stocks/TKO/) | $1.9M | 9,595 | 1.4% | 7 |
| APA CORPORATION | [APA](https://holderbook.com/stocks/APA/) | $1.9M | 58,700 | 1.4% | 4 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $1.9M | 14,986 | 1.4% | 7 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $1.7M | 13,155 | 1.3% | 7 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $1.6M | 20,810 | 1.2% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.5M | 5,899 | 1.1% | 7 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.4M | 10,665 | 1.1% | 7 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.4M | 7,829 | 1.0% | 7 |
| BLACK STONE MINERALS L P | [BSM](https://holderbook.com/stocks/BSM/) | $1.4M | 100,062 | 1.0% | 7 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $1.4M | 14,760 | 1.0% | 7 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.3M | 8,069 | 1.0% | 7 |
| ISHARES INC | [EWS](https://holderbook.com/stocks/EWS/) | $1.3M | 45,095 | 1.0% | 7 |
| ISHARES TR | [ILF](https://holderbook.com/stocks/ILF/) | $1.3M | 38,250 | 0.9% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.2M | 8,245 | 0.9% | 7 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.1M | 19,851 | 0.8% | 7 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $1.1M | 58,225 | 0.8% | 2 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $1.0M | 7,697 | 0.7% | 7 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $913.0K | 17,075 | 0.7% | 7 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $907.5K | 37,686 | 0.7% | 7 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $905.6K | 26,250 | 0.7% | 1 |
| SABINE RTY TR | [SBR](https://holderbook.com/stocks/SBR/) | $877.3K | 11,985 | 0.6% | 7 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $834.4K | 11,597 | 0.6% | 7 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $823.1K | 6,977 | 0.6% | 7 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $822.9K | 12,050 | 0.6% | 5 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $768.1K | 9,451 | 0.6% | 7 |
| COMSTOCK RES INC | [CRK](https://holderbook.com/stocks/CRK/) | $728.8K | 48,850 | 0.5% | 3 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $708.0K | 700 | 0.5% | 7 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $707.1K | 9,799 | 0.5% | 7 |
| LIBERTY MEDIA CORP DEL | [FWONK](https://holderbook.com/stocks/FWONK/) | $694.5K | 7,300 | 0.5% | 5 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $684.3K | 5,325 | 0.5% | 7 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $650.2K | 7,165 | 0.5% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $634.8K | 850 | 0.5% | 7 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $613.5K | 5,930 | 0.5% | 7 |
| COUPANG INC | [CPNG](https://holderbook.com/stocks/CPNG/) | $599.7K | 34,525 | 0.4% | 6 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $578.0K | 7,775 | 0.4% | 5 |
| ISHARES INC | [EWT](https://holderbook.com/stocks/EWT/) | $551.2K | 5,075 | 0.4% | 7 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $505.2K | 540 | 0.4% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $493.3K | 4,200 | 0.4% | 7 |
| FIDELITY WISE ORIGIN BITCOIN | [FBTC](https://holderbook.com/stocks/FBTC/) | $487.5K | 9,550 | 0.4% | 7 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $472.1K | 11,425 | 0.3% | 5 |
| FIRST TR EXCHANGE-TRADED FD | [FTSM](https://holderbook.com/stocks/FTSM/) | $468.9K | 7,850 | 0.3% | 7 |
| MEXICO FD INC | [MXF](https://holderbook.com/stocks/MXF/) | $456.5K | 20,875 | 0.3% | 7 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $436.1K | 2,127 | 0.3% | 7 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $404.0K | 2,755 | 0.3% | 7 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $399.6K | 5,258 | 0.3% | 7 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $375.4K | 3,900 | 0.3% | 7 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $370.4K | 4,777 | 0.3% | 7 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $369.7K | 8,561 | 0.3% | 6 |
| TAIWAN FD INC | [TWN](https://holderbook.com/stocks/TWN/) | $336.6K | 3,500 | 0.2% | 2 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $323.1K | 1,550 | 0.2% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $310.5K | 5,450 | 0.2% | 7 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $304.5K | 1,850 | 0.2% | 7 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $304.2K | 840 | 0.2% | 7 |
| ISHARES INC | [EWH](https://holderbook.com/stocks/EWH/) | $299.2K | 14,300 | 0.2% | 5 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $298.3K | 1,172 | 0.2% | 1 |
| STELLAR BANCORP INC | [STEL](https://holderbook.com/stocks/STEL/) | $298.1K | 7,581 | 0.2% | 7 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $274.3K | 615 | 0.2% | 1 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $258.0K | 2,350 | 0.2% | 7 |
| ISHARES TR | [FXI](https://holderbook.com/stocks/FXI/) | $254.5K | 8,055 | 0.2% | 7 |
| JANUS DETROIT STR TR | [VNLA](https://holderbook.com/stocks/VNLA/) | $244.3K | 5,000 | 0.2% | 3 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $230.8K | 2,005 | 0.2% | 5 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $222.4K | 1,897 | 0.2% | 5 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $217.6K | 3,460 | 0.2% | 2 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $216.0K | 2,485 | 0.2% | 7 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $204.6K | 2,700 | 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 | +5.3% | +14.8% | -9.6% | 100% |
| Q1 2026 | +1.9% | -4.6% | +6.5% | 100% |
| Q4 2025 | +1.2% | +2.4% | -1.2% | 100% |
| Q3 2025 | +9.5% | +7.8% | +1.7% | 100% |
| Q2 2025 | +5.2% | +10.5% | -5.2% | 100% |
| Q1 2025 | -0.1% | -4.6% | +4.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $136.2M | 86 |
| Q1 2026 | $136.1M | 86 |
| Q4 2025 | $128.8M | 84 |
| Q3 2025 | $126.4M | 88 |
| Q2 2025 | $109.2M | 89 |
| Q1 2025 | $99.9M | 76 |
| Q4 2024 | $100.9M | 78 |