# PCM Encore, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2109846. Source: https://holderbook.com/funds/2109846-pcm-encore-llc/

- Reported value: $569.2M
- Positions: 459
- Weight of the ten largest: 29.0%
- Filed: 2026-08-11

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $25.9M | 129,660 | 4.6% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $25.3M | 87,454 | 4.4% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $19.9M | 55,762 | 3.5% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $17.2M | 46,079 | 3.0% | 3 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $16.4M | 34,343 | 2.9% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $14.4M | 20,914 | 2.5% | 3 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $12.5M | 41,698 | 2.2% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $12.2M | 51,255 | 2.1% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $10.7M | 28,345 | 1.9% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $10.6M | 8,838 | 1.9% | 3 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $9.2M | 12,340 | 1.6% | 3 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $8.2M | 98,540 | 1.4% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $7.9M | 37,230 | 1.4% | 3 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $7.9M | 110,196 | 1.4% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $7.8M | 6,750 | 1.4% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $7.0M | 12,442 | 1.2% | 3 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $6.7M | 76,663 | 1.2% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $6.7M | 15,518 | 1.2% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $6.3M | 15,012 | 1.1% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $6.2M | 10,628 | 1.1% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $6.1M | 12,198 | 1.1% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $5.5M | 16,805 | 1.0% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $5.3M | 5,019 | 0.9% | 3 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $5.2M | 24,079 | 0.9% | 3 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $5.0M | 17,293 | 0.9% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $4.9M | 36,113 | 0.9% | 3 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $4.9M | 50,648 | 0.9% | 3 |
| MORGAN STANLEY ETF TRUST | [EVTR](https://holderbook.com/stocks/EVTR/) | $4.6M | 89,772 | 0.8% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.8M | 11,201 | 0.7% | 3 |
| MORGAN STANLEY ETF TRUST | [EVSD](https://holderbook.com/stocks/EVSD/) | $3.5M | 69,240 | 0.6% | 3 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $3.3M | 1,453 | 0.6% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $3.2M | 8,549 | 0.6% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.0M | 8,490 | 0.5% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $3.0M | 26,388 | 0.5% | 3 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $2.9M | 12,899 | 0.5% | 3 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $2.9M | 4,576 | 0.5% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $2.9M | 39,983 | 0.5% | 3 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $2.9M | 1,433 | 0.5% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.8M | 10,979 | 0.5% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.7M | 47,801 | 0.5% | 3 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $2.7M | 2,651 | 0.5% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.7M | 2,838 | 0.5% | 3 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.6M | 18,770 | 0.5% | 3 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $2.5M | 8,554 | 0.4% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.5M | 15,066 | 0.4% | 3 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.5M | 3,423 | 0.4% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $2.3M | 17,958 | 0.4% | 3 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $2.3M | 1,938 | 0.4% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.3M | 4,393 | 0.4% | 3 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $2.0M | 25,294 | 0.3% | 3 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $2.0M | 12,510 | 0.3% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.9M | 7,539 | 0.3% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.9M | 15,932 | 0.3% | 3 |
| KB FINL GROUP INC | [KB](https://holderbook.com/stocks/KB/) | $1.9M | 17,678 | 0.3% | 3 |
| HSBC HLDGS PLC | [HSBC](https://holderbook.com/stocks/HSBC/) | $1.8M | 19,447 | 0.3% | 3 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $1.8M | 62,356 | 0.3% | 3 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.8M | 20,952 | 0.3% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.7M | 4,200 | 0.3% | 3 |
| SHINHAN FINANCIAL GROUP CO L | [SHG](https://holderbook.com/stocks/SHG/) | $1.7M | 26,632 | 0.3% | 3 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $1.6M | 41,613 | 0.3% | 3 |
| SOUTHERN COPPER CORP | [SCCO](https://holderbook.com/stocks/SCCO/) | $1.6M | 9,342 | 0.3% | 3 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.6M | 4,405 | 0.3% | 3 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.6M | 8,780 | 0.3% | 3 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.6M | 8,176 | 0.3% | 3 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $1.5M | 6,049 | 0.3% | 3 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $1.5M | 4,235 | 0.3% | 3 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $1.5M | 8,087 | 0.3% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.5M | 4,338 | 0.3% | 3 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $1.5M | 2,086 | 0.3% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.5M | 4,313 | 0.3% | 3 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $1.5M | 1,529 | 0.3% | 3 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $1.5M | 12,015 | 0.3% | 3 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $1.5M | 18,659 | 0.3% | 3 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $1.4M | 18,342 | 0.3% | 3 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $1.4M | 18,545 | 0.2% | 3 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $1.4M | 6,790 | 0.2% | 3 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $1.4M | 9,095 | 0.2% | 3 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.4M | 17,138 | 0.2% | 3 |
| DR REDDYS LABS LTD | [RDY](https://holderbook.com/stocks/RDY/) | $1.4M | 93,212 | 0.2% | 3 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $1.3M | 21,363 | 0.2% | 3 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $1.3M | 21,655 | 0.2% | 3 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $1.3M | 6,183 | 0.2% | 3 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $1.3M | 2,484 | 0.2% | 3 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $1.3M | 8,035 | 0.2% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.3M | 8,687 | 0.2% | 3 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $1.2M | 3,153 | 0.2% | 3 |
| TAKEDA PHARMACEUTICAL CO LTD | [TAK](https://holderbook.com/stocks/TAK/) | $1.2M | 76,278 | 0.2% | 3 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $1.2M | 11,755 | 0.2% | 3 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $1.2M | 1,204 | 0.2% | 3 |
| UNITED MICROELECTRONICS CORP | [UMC](https://holderbook.com/stocks/UMC/) | $1.2M | 42,950 | 0.2% | 3 |
| WIPRO LTD | [WIT](https://holderbook.com/stocks/WIT/) | $1.1M | 508,247 | 0.2% | 3 |
| MORGAN STANLEY ETF TRUST | [EVSM](https://holderbook.com/stocks/EVSM/) | $1.1M | 22,622 | 0.2% | 3 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $1.1M | 6,629 | 0.2% | 3 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.1M | 13,540 | 0.2% | 3 |
| LG DISPLAY CO LTD | [LPL](https://holderbook.com/stocks/LPL/) | $1.1M | 287,276 | 0.2% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.1M | 4,130 | 0.2% | 3 |
| KOREA ELEC PWR CORP | [KEP](https://holderbook.com/stocks/KEP/) | $1.1M | 92,228 | 0.2% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.1M | 7,485 | 0.2% | 3 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $1.1M | 341 | 0.2% | 3 |
| SK TELECOM CO LTD | [SKM](https://holderbook.com/stocks/SKM/) | $1.1M | 33,758 | 0.2% | 2 |

## 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 | +14.1% | +14.8% | -0.8% | 100% |
| Q1 2026 | -3.0% | -4.6% | +1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $569.2M | 459 |
| Q1 2026 | $486.1M | 445 |
| Q4 2025 | $470.0M | 428 |