# OPAL CAPITAL LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2100122. Source: https://holderbook.com/funds/2100122-opal-capital-llc/

- Reported value: $559.7M
- Positions: 136
- Weight of the ten largest: 26.7%
- Filed: 2026-08-05

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 |
|---|---|---|---|---|---|
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $21.8M | 52,435 | 3.9% | 3 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $16.7M | 92,278 | 3.0% | 3 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $15.9M | 258,128 | 2.8% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $15.3M | 60,314 | 2.7% | 3 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $15.0M | 266,131 | 2.7% | 3 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $14.0M | 329,840 | 2.5% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $13.5M | 67,616 | 2.4% | 3 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $12.6M | 143,750 | 2.3% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $12.4M | 74,951 | 2.2% | 3 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $12.4M | 114,909 | 2.2% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $12.1M | 47,900 | 2.2% | 3 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $11.9M | 5,976 | 2.1% | 3 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $11.6M | 24,250 | 2.1% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $10.9M | 30,950 | 2.0% | 3 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $9.6M | 70,152 | 1.7% | 3 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $8.6M | 49,051 | 1.5% | 3 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $8.6M | 157,958 | 1.5% | 3 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $8.4M | 38,039 | 1.5% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $8.4M | 28,896 | 1.5% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $8.3M | 23,529 | 1.5% | 3 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $8.2M | 43,234 | 1.5% | 1 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $8.2M | 29,614 | 1.5% | 3 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $7.6M | 7,487 | 1.4% | 3 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $7.5M | 100,526 | 1.3% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $7.1M | 29,967 | 1.3% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $6.8M | 50,070 | 1.2% | 3 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $6.6M | 38,335 | 1.2% | 2 |
| BROOKFIELD INFRASTRUCTURE CO | [BIPC](https://holderbook.com/stocks/BIPC/) | $6.6M | 170,826 | 1.2% | 3 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $6.4M | 23,620 | 1.1% | 1 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $6.3M | 87,116 | 1.1% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $5.7M | 11,171 | 1.0% | 3 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $5.7M | 108,899 | 1.0% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $5.5M | 4,804 | 1.0% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.4M | 14,555 | 1.0% | 3 |
| SANOFI SA | [SNY](https://holderbook.com/stocks/SNY/) | $5.4M | 125,869 | 1.0% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.3M | 13,989 | 0.9% | 3 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $5.2M | 57,508 | 0.9% | 1 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $5.2M | 320,874 | 0.9% | 3 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $5.0M | 52,736 | 0.9% | 3 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $4.9M | 63,599 | 0.9% | 3 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $4.9M | 16,493 | 0.9% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $4.9M | 33,454 | 0.9% | 3 |
| FERROVIAL NV | [FER](https://holderbook.com/stocks/FER/) | $4.7M | 68,046 | 0.8% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.6M | 12,961 | 0.8% | 3 |
| HSBC HLDGS PLC | [HSBC](https://holderbook.com/stocks/HSBC/) | $4.6M | 48,065 | 0.8% | 3 |
| AMERICA MOVIL SAB DE CV | [AMX](https://holderbook.com/stocks/AMX/) | $4.4M | 167,984 | 0.8% | 3 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $4.2M | 131,076 | 0.7% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.2M | 3,480 | 0.7% | 3 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $4.1M | 2,422 | 0.7% | 3 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $4.0M | 8,720 | 0.7% | 2 |
| COCA-COLA FEMSA SAB DE CV | [KOF](https://holderbook.com/stocks/KOF/) | $3.9M | 36,902 | 0.7% | 3 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $3.8M | 7,304 | 0.7% | 2 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $3.8M | 53,783 | 0.7% | 3 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $3.8M | 53,125 | 0.7% | 3 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $3.8M | 20,341 | 0.7% | 1 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $3.6M | 25,811 | 0.6% | 3 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $3.6M | 18,998 | 0.6% | 1 |
| QXO INC | [QXO](https://holderbook.com/stocks/QXO/) | $3.6M | 207,644 | 0.6% | 3 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $3.6M | 83,866 | 0.6% | 3 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $3.5M | 95,277 | 0.6% | 2 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $3.3M | 67,374 | 0.6% | 3 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $3.2M | 240,190 | 0.6% | 3 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $2.9M | 218,533 | 0.5% | 2 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $2.9M | 48,218 | 0.5% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.8M | 4,778 | 0.5% | 2 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $2.7M | 15,135 | 0.5% | 2 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $2.7M | 92,081 | 0.5% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.7M | 7,762 | 0.5% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $2.6M | 20,497 | 0.5% | 3 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $2.6M | 3,619 | 0.5% | 3 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $2.5M | 11,374 | 0.4% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.4M | 4,238 | 0.4% | 3 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $2.4M | 9,024 | 0.4% | 3 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $2.4M | 1,034 | 0.4% | 2 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $2.3M | 92,211 | 0.4% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.3M | 41,134 | 0.4% | 3 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.3M | 56,239 | 0.4% | 3 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $2.2M | 5,687 | 0.4% | 2 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $2.2M | 5,535 | 0.4% | 1 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $2.1M | 9,709 | 0.4% | 2 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $2.0M | 12,800 | 0.4% | 3 |
| GRUPO AEROPORTUARIO DEL CENT | [OMAB](https://holderbook.com/stocks/OMAB/) | $2.0M | 17,346 | 0.4% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.8M | 4,120 | 0.3% | 3 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $1.8M | 5,170 | 0.3% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.7M | 4,136 | 0.3% | 3 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $1.7M | 2,666 | 0.3% | 2 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $1.7M | 10,922 | 0.3% | 3 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $1.6M | 5,126 | 0.3% | 3 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $1.6M | 114,583 | 0.3% | 3 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $1.6M | 9,384 | 0.3% | 1 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $1.6M | 9,100 | 0.3% | 2 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $1.5M | 15,522 | 0.3% | 2 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $1.5M | 13,016 | 0.3% | 1 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $1.4M | 19,645 | 0.3% | 2 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $1.4M | 8,789 | 0.2% | 2 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $1.3M | 1,386 | 0.2% | 1 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $1.3M | 13,527 | 0.2% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.2M | 3,654 | 0.2% | 3 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $1.2M | 4,653 | 0.2% | 2 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $1.2M | 2,585 | 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 | +4.1% | +14.8% | -10.7% | 98% |
| Q1 2026 | +1.8% | -4.6% | +6.5% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $559.7M | 136 |
| Q1 2026 | $564.7M | 141 |
| Q4 2025 | $400.2M | 187 |