# Karl Kapital LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2058849. Source: https://holderbook.com/funds/2058849-karl-kapital-llc/

- Reported value: $167.9M
- Positions: 25
- Weight of the ten largest: 56.3%
- 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 |
|---|---|---|---|---|---|
| COMPASS INC | [COMP](https://holderbook.com/stocks/COMP/) | $14.8M | 1,202,967 | 8.8% | 1 |
| ENCORE CAP GROUP INC | [ECPG](https://holderbook.com/stocks/ECPG/) | $13.0M | 139,536 | 7.8% | 3 |
| FLYWIRE CORPORATION | [FLYW](https://holderbook.com/stocks/FLYW/) | $12.0M | 681,049 | 7.1% | 3 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $10.3M | 51,276 | 6.1% | 3 |
| HENRY JACK & ASSOC INC | [JKHY](https://holderbook.com/stocks/JKHY/) | $7.8M | 56,636 | 4.6% | 1 |
| SEI INVTS CO | [SEIC](https://holderbook.com/stocks/SEIC/) | $7.8M | 88,816 | 4.6% | 3 |
| UMB FINL CORP | [UMBF](https://holderbook.com/stocks/UMBF/) | $7.4M | 52,019 | 4.4% | 3 |
| VALLEY NATL BANCORP | [VLY](https://holderbook.com/stocks/VLY/) | $7.2M | 490,651 | 4.3% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $7.2M | 20,877 | 4.3% | 3 |
| SOMNIGROUP INTERNATIONAL INC | [SGI](https://holderbook.com/stocks/SGI/) | $7.0M | 89,395 | 4.2% | 1 |
| PROG HOLDINGS INC | [PRG](https://holderbook.com/stocks/PRG/) | $6.7M | 143,375 | 4.0% | 1 |
| WISDOMTREE INC | [WT](https://holderbook.com/stocks/WT/) | $6.5M | 382,391 | 3.9% | 1 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $6.4M | 22,675 | 3.8% | 2 |
| WEBULL CORP | [BULL](https://holderbook.com/stocks/BULL/) | $6.1M | 936,592 | 3.6% | 1 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $5.9M | 47,952 | 3.5% | 2 |
| SKYWARD SPECIALTY INS GROUP | [SKWD](https://holderbook.com/stocks/SKWD/) | $5.5M | 93,911 | 3.3% | 3 |
| FUTU HLDGS LTD | [FUTU](https://holderbook.com/stocks/FUTU/) | $5.1M | 54,843 | 3.1% | 2 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $4.9M | 22,529 | 2.9% | 3 |
| FORTUNE BRANDS INNOVATIONS I | [FBIN](https://holderbook.com/stocks/FBIN/) | $4.7M | 85,703 | 2.8% | 1 |
| AFFIRM HLDGS INC | [AFRM](https://holderbook.com/stocks/AFRM/) | $4.6M | 56,496 | 2.7% | 2 |
| CENTURY COMMUNITIES INC | [CCS](https://holderbook.com/stocks/CCS/) | $4.4M | 61,651 | 2.6% | 2 |
| VIRTU FINL INC | [VIRT](https://holderbook.com/stocks/VIRT/) | $3.8M | 63,941 | 2.3% | 1 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $3.5M | 3,323 | 2.1% | 1 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $3.2M | 19,843 | 1.9% | 1 |
| TRAEGER INC | [COOK](https://holderbook.com/stocks/COOK/) | $2.1M | 26,629 | 1.3% | 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 | +18.9% | +14.8% | +4.1% | 100% |
| Q1 2026 | -9.2% | -4.6% | -4.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $167.9M | 25 |
| Q1 2026 | $144.4M | 22 |
| Q4 2025 | $112.8M | 18 |