# Headland Capital, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2056637. Source: https://holderbook.com/funds/2056637-headland-capital-llc/

- Reported value: $405.5M
- Positions: 64
- Weight of the ten largest: 76.6%
- Filed: 2026-07-29

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/) | $88.9M | 119,098 | 21.9% | 7 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $44.5M | 203,727 | 11.0% | 7 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $31.3M | 621,262 | 7.7% | 7 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $30.2M | 25,697 | 7.4% | 7 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $25.0M | 33,358 | 6.2% | 5 |
| INVESCO EXCH TRD SLF IDX FD | [BSCV](https://holderbook.com/stocks/BSCV/) | $21.4M | 1,303,900 | 5.3% | 6 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $20.1M | 42,120 | 5.0% | 7 |
| INVESCO EXCH TRD SLF IDX FD | [BSCT](https://holderbook.com/stocks/BSCT/) | $19.0M | 1,023,299 | 4.7% | 7 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $15.5M | 307,821 | 3.8% | 7 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $14.8M | 163,748 | 3.6% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $12.1M | 41,929 | 3.0% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $9.4M | 39,480 | 2.3% | 7 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $9.0M | 9,640 | 2.2% | 7 |
| ISHARES TR | [IBTL](https://holderbook.com/stocks/IBTL/) | $8.2M | 405,441 | 2.0% | 6 |
| ISHARES TR | [IBTO](https://holderbook.com/stocks/IBTO/) | $8.1M | 335,965 | 2.0% | 6 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $7.2M | 52,806 | 1.8% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $7.0M | 18,870 | 1.7% | 7 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $4.5M | 105,113 | 1.1% | 7 |
| HUNTINGTON INGALLS INDS INC | [HII](https://holderbook.com/stocks/HII/) | $4.2M | 14,968 | 1.0% | 3 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $3.9M | 45,087 | 1.0% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.0M | 15,183 | 0.7% | 7 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $980.2K | 16,124 | 0.2% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $959.5K | 8,169 | 0.2% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $928.7K | 2,208 | 0.2% | 7 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $884.7K | 15,527 | 0.2% | 4 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $851.3K | 6,856 | 0.2% | 5 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $850.1K | 1,733 | 0.2% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $843.9K | 2,388 | 0.2% | 7 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $701.8K | 953 | 0.2% | 7 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $601.4K | 521 | 0.1% | 1 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $595.0K | 4,352 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $522.6K | 1,429 | 0.1% | 7 |
| INTERDIGITAL INC | [IDCC](https://holderbook.com/stocks/IDCC/) | $494.9K | 1,748 | 0.1% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $478.6K | 1,267 | 0.1% | 5 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $405.2K | 951 | 0.1% | 7 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $400.9K | 1,685 | 0.1% | 7 |
| DBX ETF TR | [HDEF](https://holderbook.com/stocks/HDEF/) | $388.6K | 12,090 | 0.1% | 7 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $378.7K | 5,056 | 0.1% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $375.2K | 1,050 | 0.1% | 4 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $370.7K | 116 | 0.1% | 7 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $353.0K | 1,306 | 0.1% | 7 |
| FIRST TR EXCHANGE TRAD FD VI | [FTGC](https://holderbook.com/stocks/FTGC/) | $347.8K | 12,859 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $342.8K | 1,119 | 0.1% | 7 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $341.7K | 3,538 | 0.1% | 4 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $335.4K | 2,875 | 0.1% | 6 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $327.3K | 954 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $307.9K | 832 | 0.1% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $294.1K | 1,158 | 0.1% | 4 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $288.1K | 1,160 | 0.1% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $265.7K | 812 | 0.1% | 6 |
| FIRST TR EXCHANGE-TRADED FD | [SDVY](https://holderbook.com/stocks/SDVY/) | $265.0K | 6,143 | 0.1% | 5 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $255.8K | 1,055 | 0.1% | 4 |
| SPDR SERIES TRUST | [KCE](https://holderbook.com/stocks/KCE/) | $245.0K | 1,664 | 0.1% | 6 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $230.8K | 1,961 | 0.1% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $229.2K | 458 | 0.1% | 7 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $227.6K | 1,440 | 0.1% | 5 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $224.3K | 948 | 0.1% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $218.3K | 182 | 0.1% | 1 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $216.2K | 224 | 0.1% | 1 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $210.6K | 990 | 0.1% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $209.7K | 1,431 | 0.1% | 2 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $204.0K | 1,302 | 0.1% | 1 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $201.8K | 6,725 | 0.0% | 1 |
| JOBY AVIATION INC | [JOBY](https://holderbook.com/stocks/JOBY/) | $107.9K | 12,100 | 0.0% | 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 | +10.8% | +14.8% | -4.0% | 100% |
| Q1 2026 | -2.2% | -4.6% | +2.4% | 100% |
| Q4 2025 | +0.6% | +2.4% | -1.8% | 100% |
| Q3 2025 | +3.8% | +7.8% | -4.0% | 100% |
| Q2 2025 | +6.5% | +10.5% | -3.9% | 100% |
| Q1 2025 | +1.0% | -4.6% | +5.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $405.5M | 64 |
| Q1 2026 | $354.9M | 61 |
| Q4 2025 | $359.3M | 68 |
| Q3 2025 | $356.2M | 71 |
| Q2 2025 | $330.9M | 57 |
| Q1 2025 | $300.7M | 59 |
| Q4 2024 | $292.1M | 56 |