GatePass Capital, LLC
Reported holdings as of Q2 2026, from 7 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| CINCINNATI FINL CORP | CINF | $18.0M | 97,247 | -0.31pp | 6q | HELD | |
| VICOR CORP | VICR | $13.1M | 34,604 | +2.31pp | 7q | -2.8%-$378.3K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $12.5M | 16,739 | +1.20pp | 7q | +43.4%+$3.8M | |
| CBIZ INC | CBZ | $8.3M | 258,877 | +1.92pp | 2q | +163.7%+$5.2M | |
| SRH TOTAL RETURN FUND INC | STEW | $7.9M | 443,600 | -0.42pp | 7q | +3.0%+$232.8K | |
| PIMCO ETF TR | MINT | $7.1M | 70,893 | -0.73pp | 7q | -3.3%-$247.0K | |
| ISHARES TR | SHV | $7.1M | 63,950 | -0.99pp | 7q | -10.2%-$803.9K | |
| NUVEEN S&P 500 DYNAMIC OVERW | SPXX | $6.9M | 369,950 | +2.22pp | 2q | +603.8%+$5.9M | |
| SURO CAPITAL CORP | NSLR | $6.4M | 508,150 | -0.11pp | 7q | HELD | |
| ADAMS DIVERSIFIED EQUITY FD | ADX | $6.0M | 235,085 | -0.67pp | 7q | -18.6%-$1.4M | |
| VANGUARD MALVERN FDS | VCRB | $5.3M | 67,978 | +0.08pp | 3q | +28.6%+$1.2M | |
| INVESCO QQQ TR | QQQ | $4.3M | 5,880 | +0.47pp | 7q | +34.6%+$1.1M | |
| J P MORGAN EXCHANGE TRADED F | JPST | $4.1M | 80,942 | -0.18pp | 7q | +10.1%+$375.1K | |
| GOLDMAN SACHS ETF TR | GBIL | $4.0M | 39,800 | -0.61pp | 7q | -12.4%-$565.9K | |
| SPECIAL OPPORTUNITIES FD INC | SPEPRC | $3.9M | 155,800 | -0.19pp | 7q | +8.7%+$310.9K | |
| NVIDIA CORPORATION | NVDA | $3.8M | 18,934 | -0.03pp | 7q | +5.3%+$189.1K | |
| JANUS DETROIT STR TR | JAAA | $3.7M | 72,950 | -0.91pp | 6q | -25.8%-$1.3M | |
| ENERGOUS CORP | WATT | $3.3M | 136,000 | +0.39pp | 2q | +17.2%+$481.0K | |
| WESTERN AST INFL LKD OPP & I | WIW | $3.2M | 381,650 | +0.83pp | 2q | +292.6%+$2.4M | |
| WISDOMTREE TR | USFR | $3.2M | 63,200 | -0.51pp | 6q | -13.4%-$493.4K | |
| VANGUARD INDEX FDS | VTI | $2.9M | 7,937 | -0.08pp | 7q | HELD | |
| BLACKROCK ETF TRUST | DYNF | $2.7M | 39,707 | +0.25pp | 7q | +39.2%+$759.8K | |
| BROOKFIELD CORP | BN | $2.5M | 59,100 | -0.07pp | 3q | +8.5%+$198.0K | |
| ISHARES TR | IVW | $2.5M | 18,240 | +0.36pp | 7q | +63.1%+$970.8K | |
| ISHARES TR | ACWX | $2.4M | 31,542 | +0.48pp | 2q | +133.5%+$1.4M | |
| MAMAS CREATIONS INC | MAMA | $2.3M | 129,946 | -0.34pp | 7q | -24.1%-$736.1K | |
| ISHARES TR | SGOV | $2.1M | 21,250 | -0.25pp | 3q | -6.2%-$140.9K | |
| TURNING PT BRANDS INC CALL | TPB | $2.0M | 3,600 | -0.05pp | 4q | -82.0%-$9.1M | |
| FIRST TR EXCH TRADED FD III | FMB | $2.0M | 38,438 | - | new | NEW | |
| PORCH GROUP INC | PRCH | $2.0M | 130,023 | - | new | NEW | |
| BLACKROCK ETF TRUST | CORO | $1.9M | 51,477 | +0.17pp | 2q | +40.6%+$543.7K | |
| HEWLETT PACKARD ENTERPRISE C | HPE | $1.9M | 41,267 | +0.25pp | 6q | HELD | |
| AMAZON COM INC | AMZN | $1.9M | 7,805 | -0.03pp | 7q | +2.4%+$42.9K | |
| RBB FD INC | TBIL | $1.8M | 36,800 | -0.51pp | 4q | -29.0%-$747.9K | |
| SOFI TECHNOLOGIES INC | SOFI | $1.8M | 100,134 | -0.06pp | 7q | HELD | |
| JPMORGAN CHASE & CO | JPM | $1.8M | 5,469 | -0.03pp | 7q | +5.1%+$87.4K | |
| ISHARES TR | AGG | $1.7M | 17,338 | -0.14pp | 7q | +1.7%+$27.9K | |
| ZETA GLOBAL HOLDINGS CORP | ZETA | $1.7M | 85,000 | flat | 4q | HELD | |
| APPLE INC | AAPL | $1.6M | 5,628 | flat | 7q | +8.4%+$125.6K | |
| SEMTECH CORP | SMTC | $1.6M | 10,006 | - | new | NEW | |
| VANGUARD INDEX FDS | VOO | $1.6M | 2,323 | -0.02pp | 7q | +2.8%+$43.3K | |
| PIMCO ETF TR | MINO | $1.6M | 34,177 | - | new | NEW | |
| MAYVILLE ENGR CO INC | MEC | $1.5M | 40,000 | - | new | NEW | |
| ISHARES TR | IVV | $1.5M | 1,994 | +0.21pp | 7q | +68.8%+$608.7K | |
| MFS INTER INCOME TR | MIN | $1.5M | 601,200 | +0.53pp | 2q | +2212.3%+$1.4M | |
| ISHARES TR | IVE | $1.5M | 6,510 | +0.09pp | 3q | +35.9%+$390.8K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $1.4M | 2,722 | -0.08pp | 7q | +1.2%+$16.0K | |
| ALPHABET INC | GOOGL | $1.4M | 3,793 | +0.01pp | 7q | +0.9%+$12.5K | |
| ISHARES TR | IJR | $1.3M | 9,086 | +0.18pp | 4q | +57.5%+$492.1K | |
| SPDR SERIES TRUST | BIL | $1.3M | 14,450 | -0.29pp | 7q | -21.7%-$366.6K | |
| BROADCOM INC | AVGO | $1.3M | 3,427 | +0.02pp | 7q | +4.4%+$54.0K | |
| GABELLI GLOBAL SMALL & MID C | GGZ | $1.3M | 79,000 | -0.12pp | 7q | -9.2%-$130.2K | |
| INVESCO EXCH TRADED FD TR II | SPMO | $1.3M | 7,914 | +0.16pp | 4q | +26.2%+$265.1K | |
| REGIONS FINANCIAL CORP NEW | RF | $1.3M | 42,328 | -0.03pp | 7q | HELD | |
| WHIRLPOOL CORP | WHRPRA | $1.2M | 35,400 | - | new | NEW | |
| ISHARES TR | STIP | $1.2M | 12,151 | - | new | NEW | |
| RED ROBIN GOURMET BURGERS IN | RRGB | $1.2M | 148,000 | +0.25pp | 5q | HELD | |
| VANGUARD SCOTTSDALE FDS | VGSH | $1.2M | 20,000 | -0.25pp | 7q | -21.6%-$320.1K | |
| VANGUARD BD INDEX FDS | VUSB | $1.1M | 23,000 | -0.13pp | 7q | -6.1%-$74.7K | |
| ALPHABET INC | GOOG | $1.1M | 3,211 | +0.03pp | 7q | +7.4%+$78.1K | |
| CITI TRENDS INC | CTRN | $1.1M | 19,000 | - | new | NEW | |
| MICROSOFT CORP | MSFT | $1.1M | 2,842 | -0.08pp | 7q | +2.0%+$21.3K | |
| BLACKROCK ETF TRUST | BLCR | $1.1M | 20,980 | +0.14pp | 2q | +55.6%+$377.6K | |
| GLOBAL X FDS | SHLD | $1.1M | 17,674 | +0.10pp | 3q | +96.4%+$518.0K | |
| INVESCO EXCHANGE TRADED FD T | RSP | $1.0M | 4,763 | +0.26pp | 7q | +253.6%+$726.8K | |
| BONDBLOXX ETF TRUST | XTEN | $1.0M | 22,041 | -0.04pp | 3q | +11.5%+$104.0K | |
| PROSPECT CAP CORP | PSEC | $1.0M | 434,050 | +0.09pp | 4q | +83.2%+$455.4K | |
| ABBVIE INC | ABBV | $994.3K | 3,951 | -0.02pp | 7q | +1.5%+$14.3K | |
| WELLS FARGO & CO | WFC | $961.8K | 11,638 | -0.15pp | 6q | -16.7%-$193.1K | |
| ISHARES TR | GOVT | $953.1K | 41,841 | +0.04pp | 2q | +37.2%+$258.4K | |
| BLACKROCK TCP CAPITAL CORP | TCPC | $951.1K | 283,070 | -0.11pp | 2q | +2.1%+$19.7K | |
| ISHARES TR | MBB | $940.2K | 9,947 | flat | 7q | +24.8%+$186.8K | |
| CHEVRON CORPORATION | CVX | $928.8K | 5,603 | -0.18pp | 4q | +0.8%+$7.3K | |
| RTX CORPORATION | RTX | $910.9K | 4,801 | -0.07pp | 6q | +2.7%+$24.1K | |
| SMUCKER J M CO | SJM | $904.2K | 8,038 | +0.14pp | 7q | +74.4%+$385.6K | |
| EVOLV TECHNOLOGIES HLDNGS IN | EVLV | $899.0K | 155,000 | -0.38pp | 5q | -39.2%-$580.0K | |
| BLACKROCK ETF TRUST | BAI | $890.7K | 16,895 | +0.11pp | 4q | +15.2%+$117.8K | |
| CITIGROUP INC | C | $874.4K | 6,248 | flat | 4q | +0.9%+$7.4K | |
| SCHWAB STRATEGIC TR | SCHB | $844.7K | 29,167 | -0.02pp | 3q | HELD | |
| BLACKROCK ETF TRUST | THRO | $838.5K | 19,451 | +0.05pp | 3q | +21.3%+$147.4K | |
| ONDAS INC | ONDS | $824.0K | 100,000 | -0.57pp | 5q | -52.4%-$906.4K | |
| AMERICAN CENTY ETF TR | AVEM | $815.4K | 8,451 | +0.05pp | 3q | +21.4%+$143.5K | |
| GE AEROSPACE | GE | $783.0K | 2,095 | +0.02pp | 7q | -1.7%-$13.5K | |
| SPECIAL OPPORTUNITIES FD INC | SPE | $772.8K | 57,374 | -0.43pp | 7q | -49.2%-$747.4K | |
| ISHARES TR | IGM | $759.0K | 4,640 | +0.04pp | 3q | +4.5%+$32.7K | |
| AEROVIRONMENT INC | AVAV | $751.2K | 4,551 | - | new | NEW | |
| WALKER & DUNLOP INC | WD | $734.5K | 13,427 | +0.02pp | 6q | +9.0%+$60.9K | |
| NEXPOINT DIVERSIFIED REL ET | NXDT | $713.7K | 137,508 | -0.04pp | 7q | -2.6%-$19.4K | |
| PAYPAL HLDGS INC | PYPL | $709.6K | 16,433 | -0.16pp | 4q | -19.0%-$166.2K | |
| PENNANTPARK INVT CORP | PNNT | $706.0K | 203,450 | -0.02pp | 7q | +47.4%+$227.1K | |
| BLACKROCK ETF TRUST | IALT | $699.9K | 24,951 | - | new | NEW | |
| ISHARES TR | USMV | $691.9K | 7,173 | -0.01pp | 7q | +14.8%+$89.1K | |
| SMARTRENT INC | SMRT | $689.0K | 579,022 | -0.14pp | 7q | HELD | |
| VSE CORP | VSEC | $685.5K | 3,000 | flat | 7q | HELD | |
| PIMCO ETF TR | PYLD | $676.3K | 25,503 | - | new | NEW | |
| CISCO SYS INC | CSCO | $673.4K | 5,733 | +0.05pp | 4q | +1.0%+$6.6K | |
| BONDBLOXX ETF TRUST | XTWO | $660.8K | 13,500 | - | new | NEW | |
| FLUOR CORP | FLR | $657.5K | 12,550 | -0.02pp | 4q | HELD | |
| CARDINAL INFRASTRUCTURE GROU | CDNL | $652.0K | 6,921 | +0.12pp | 2q | HELD | |
| QUALCOMM INC | QCOM | $647.9K | 3,506 | -0.03pp | 6q | -23.0%-$194.0K | |
| BONDBLOXX ETF TRUST | XONE | $646.7K | 13,100 | -0.43pp | 3q | -55.0%-$789.9K | |
| PERMA-FIX ENVIRONMENTAL SVCS | PESI | $639.4K | 44,742 | +0.09pp | 7q | +50.4%+$214.3K | |
| CONDUENT INC | CNDT | $624.6K | 427,800 | -0.04pp | 7q | -8.4%-$57.2K | |
| VANGUARD MALVERN FDS | VPLS | $622.6K | 8,026 | - | new | NEW | |
| THE CIGNA GROUP | CI | $605.9K | 2,198 | -0.04pp | 2q | +1.1%+$6.3K | |
| ISHARES TR | IJH | $584.3K | 7,577 | - | new | NEW | |
| META PLATFORMS INC | META | $581.6K | 1,033 | -0.06pp | 6q | -0.6%-$3.4K | |
| PFIZER INC | PFE | $577.6K | 23,985 | -0.10pp | 7q | -0.8%-$4.5K | |
| GE VERNOVA INC | GEV | $541.7K | 461 | +0.02pp | 4q | +1.5%+$8.2K | |
| ISHARES TR | IUSB | $533.2K | 11,553 | -0.08pp | 7q | -11.2%-$67.1K | |
| ISHARES INC | IEMG | $524.8K | 6,335 | +0.06pp | 5q | +49.7%+$174.2K | |
| VANGUARD INDEX FDS | VB | $524.1K | 1,729 | +0.04pp | 7q | +30.1%+$121.2K | |
| VISA INC | V | $523.6K | 1,526 | -0.04pp | 3q | -11.7%-$69.3K | |
| TRI CONTL CORP | TY | $507.9K | 14,756 | -0.02pp | 7q | HELD | |
| SPDR GOLD TR | GLD | $497.7K | 1,351 | +0.08pp | 4q | +153.0%+$301.0K | |
| STATE STR SPDR DOW JONES IND | DIA | $492.1K | 942 | -0.02pp | 6q | HELD | |
| ISHARES TR | IEFA | $481.6K | 4,986 | flat | 7q | +12.3%+$52.6K | |
| BLACKROCK ETF TRUST II | GGOV | $481.1K | 9,566 | - | new | NEW | |
| WEYERHAEUSER CO | WY | $457.9K | 19,128 | -0.04pp | 2q | HELD | |
| AELUMA INC | ALMU | $441.6K | 20,000 | +0.05pp | 2q | HELD | |
| J P MORGAN EXCHANGE TRADED F | JPIE | $439.8K | 9,550 | - | new | NEW | |
| VANGUARD WORLD FD | VGT | $434.0K | 3,631 | +0.02pp | 3q | +699.8%+$379.7K | |
| CDW CORP | CDW | $421.9K | 3,000 | - | new | NEW | |
| LAM RESEARCH CORP | LRCX | $409.1K | 944 | - | new | NEW | |
| SELECTQUOTE INC | SLQT | $404.9K | 481,400 | flat | 7q | -8.6%-$38.1K | |
| ORACLE CORP | ORCL | $392.2K | 2,676 | -0.03pp | 5q | +2.1%+$8.1K | |
| SUNRISE RLTY TR INC | SUNS | $387.9K | 49,100 | -0.13pp | 2q | -36.0%-$218.0K | |
| PROGRESSIVE CORP | PGR | $387.5K | 1,774 | -0.01pp | 3q | +5.3%+$19.4K | |
| SELECT SECTOR SPDR TR | XLK | $384.9K | 2,020 | +0.02pp | 6q | HELD | |
| VANGUARD SPECIALIZED FUNDS | VIG | $384.5K | 1,625 | -0.02pp | 7q | HELD | |
| COMSTOCK HLDG COS INC | CHCI | $381.2K | 23,840 | -0.07pp | 7q | HELD | |
| ISHARES TR | TOPT | $379.1K | 11,515 | - | new | NEW | |
| AMERICAN EXPRESS CO | AXP | $378.8K | 1,120 | -0.08pp | 2q | -29.7%-$160.0K | |
| ENERGY TRANSFER L P | ET | $372.8K | 19,500 | -0.07pp | 7q | -18.3%-$83.4K | |
| PIMCO ETF TR | PMBS | $362.5K | 7,341 | - | new | NEW | |
| DUOS TECHNOLOGIES GROUP INC | DUOT | $360.0K | 30,000 | flat | 3q | -30.2%-$156.0K | |
| SCHWAB STRATEGIC TR | SCHD | $358.9K | 11,317 | -0.02pp | 3q | +2.0%+$7.1K | |
| COSTCO WHOLESALE CORPORATION | COST | $352.9K | 377 | -0.04pp | 7q | +3.0%+$10.3K | |
| ACACIA RESH CORP | ACTG | $351.8K | 75,500 | -0.04pp | 7q | HELD | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $350.2K | 733 | +0.03pp | 2q | +10.6%+$33.4K | |
| CLOUDFLARE INC | NET | $347.1K | 1,415 | - | new | NEW | |
| WALMART INC | WMT | $345.1K | 3,047 | -0.04pp | 7q | +0.7%+$2.5K | |
| APPLIED MATLS INC | AMAT | $339.8K | 470 | - | new | NEW | |
| ABBOTT LABORATORIES | ABT | $335.5K | 3,697 | -0.04pp | 7q | +4.8%+$15.2K | |
| BANK OF AMER CORP | BAC | $334.5K | 5,871 | flat | 3q | +7.7%+$23.9K | |
| EATON CORP PLC | ETN | $331.9K | 779 | -0.05pp | 2q | -24.8%-$109.5K | |
| ISHARES TR | EFA | $330.5K | 3,182 | - | new | NEW | |
| GREEN PLAINS INC | GPRE | $327.6K | 21,300 | -0.14pp | 6q | -38.8%-$207.6K | |
| STONECO LTD | STNE | $326.0K | 30,077 | -0.07pp | 7q | HELD | |
| NPK INTERNATIONAL INC | NPKI | $318.5K | 20,021 | - | new | NEW | |
| BLACKROCK ETF TRUST II | BINC | $316.6K | 6,049 | -0.17pp | 3q | -49.2%-$306.1K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $312.5K | 8,500 | -0.04pp | 6q | -7.6%-$25.7K | |
| SHOPIFY INC | SHOP | $307.5K | 2,693 | -0.03pp | 6q | +0.7%+$2.1K | |
| EASTERN CO | EML | $306.4K | 11,000 | -0.17pp | 7q | -63.3%-$529.1K | |
| GOLDMAN SACHS GROUP INC | GS | $304.4K | 301 | +0.01pp | 3q | +8.3%+$23.3K | |
| GENERAC HLDGS INC | GNRC | $293.7K | 1,003 | - | new | NEW | |
| ISHARES TR | ITOT | $287.5K | 1,750 | +0.01pp | 7q | +12.1%+$31.0K | |
| VANECK ETF TRUST | MOAT | $280.6K | 2,699 | -0.01pp | 7q | +1.9%+$5.3K | |
| MORGAN STANLEY | MS | $279.1K | 1,335 | +0.01pp | 2q | +4.1%+$10.9K | |
| APTARGROUP INC | ATR | $276.7K | 2,210 | -0.02pp | 2q | HELD | |
| BLACKROCK MUNIYILD QULT FD I | MQY | $274.7K | 23,681 | -0.02pp | 2q | HELD | |
| JOHNSON & JOHNSON | JNJ | $271.0K | 1,067 | -0.01pp | 2q | +4.5%+$11.7K | |
| VANGUARD BD INDEX FDS | BSV | $269.4K | 3,458 | - | new | NEW | |
| TESLA INC | TSLA | $265.8K | 632 | - | new | NEW | |
| MERCADOLIBRE INC | MELI | $256.3K | 151 | -0.03pp | 6q | -1.3%-$3.4K | |
| VERIZON COMMUNICATIONS INC | VZ | $256.2K | 6,051 | -0.12pp | 7q | -34.9%-$137.3K | |
| ADVANCED MICRO DEVICES INC | AMD | $255.6K | 440 | - | new | NEW | |
| CROWDSTRIKE HLDGS INC | CRWD | $250.3K | 328 | - | new | NEW | |
| BLUE OWL CAPITAL CORPORATION | OBDC | $250.0K | 23,000 | -0.01pp | 7q | +15.5%+$33.5K | |
| RBB FD INC | TMFE | $246.5K | 8,350 | -0.01pp | 6q | HELD | |
| SCHWAB STRATEGIC TR | SCHF | $236.9K | 8,553 | -0.16pp | 3q | -60.0%-$355.1K | |
| MICRON TECHNOLOGY INC | MU | $236.6K | 205 | - | new | NEW | |
| ELI LILLY & CO | LLY | $220.7K | 184 | - | new | NEW | |
| SCHWAB STRATEGIC TR | SCHZ | $218.3K | 9,438 | -0.02pp | 7q | HELD | |
| CURTISS WRIGHT CORP | CW | $206.9K | 273 | - | new | NEW | |
| HOME DEPOT INC | HD | $203.5K | 577 | - | new | NEW | |
| CION INVT CORP | CION | $140.2K | 22,500 | -0.02pp | 7q | HELD | |
| SACHEM CAP CORP | SACH | $136.5K | 145,000 | -0.02pp | 7q | HELD | |
| BLUE OWL CAPITAL INC | OWL | $132.2K | 15,111 | - | new | NEW | |
| HAIN CELESTIAL GROUP INC | HAIN | $130.4K | 232,700 | -0.04pp | 4q | -10.4%-$15.1K | |
| GOLUB CAP BDC INC | GBDC | $128.8K | 10,000 | -0.05pp | 7q | -37.2%-$76.2K | |
| STAR EQUITY HOLDINGS INC | STRR | $119.4K | 11,200 | - | new | NEW | |
| GLADSTONE LD CORP | LAND | $106.6K | 12,500 | - | new | NEW | |
| GDL FD | GDL | $105.9K | 12,500 | -0.17pp | 3q | -76.5%-$344.3K | |
| BRAEMAR HOTELS & RESORTS INC | BHR | $103.7K | 48,000 | -0.10pp | 7q | -61.6%-$166.3K | |
| WESTERN ASSET INTER MUNI | SBI | $98.4K | 12,500 | flat | 7q | +25.0%+$19.7K | |
| GOODYEAR TIRE & RUBR CO | GT | $68.0K | 10,300 | -0.12pp | 3q | -78.3%-$245.5K | |
| GREAT ELM GROUP INC | GEG | $22.9K | 10,500 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Funds & ETFs | $55.2M | 20.9% |
| Semiconductors & Electronics | $27.8M | 10.6% |
| Insurance | $20.8M | 7.9% |
| Business Services | $11.5M | 4.4% |
| Software & IT Services | $10.5M | 4.0% |
| Banks & Lending | $8.1M | 3.1% |
| Retail & Consumer | $5.5M | 2.1% |
| Food, Drink & Tobacco | $5.4M | 2.0% |
| Computer Hardware | $5.1M | 1.9% |
| Real Estate | $4.8M | 1.8% |
| Other sectors | $13.1M | 5.0% |
| Not classified | $95.8M | 36.3% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.0% | +14.8% | -1.9% | 98% |
| Q1 2026 | -3.1% | -4.6% | +1.5% | 99% |
| Q4 2025 | +1.3% | +2.4% | -1.1% | 99% |
| Q3 2025 | +6.4% | +7.8% | -1.5% | 100% |
| Q2 2025 | +7.6% | +10.5% | -2.9% | 100% |
| Q1 2025 | -4.6% | -4.6% | -0.0% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $263.5M | 188 | 37 | 76 | 47 | 21 | 35.4% | 30 |
| Q1 2026 | $214.4M | 172 | 31 | 60 | 44 | 15 | 33.9% | 36 |
| Q4 2025 | $194.0M | 156 | 35 | 58 | 35 | 23 | 37.2% | 40 |
| Q3 2025 | $173.3M | 144 | 32 | 41 | 32 | 14 | 40.6% | 29 |
| Q2 2025 | $150.9M | 126 | 17 | 34 | 40 | 5 | 45.8% | 84 |
| Q1 2025 | $133.6M | 114 | 23 | 67 | 11 | 15 | 48.0% | 175 |
| Q4 2024 | $92.2M | 106 | 0 | 0 | 0 | 0 | 46.0% | 265 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.