LARCH CAPITAL PARTNERS LLC

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CIK 2112646

13F portfolio (2026-Q1)

$690M

Positions

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

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As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

Top 5

80.4%

Top 10

86.0%

Effective N

1.8

HHI

0.557

This quarter

22 new · 0 exit →

By sector

Financials75.6%

Unclassified21.8%

Materials1.5%

Energy1.0%

Consumer Staples0.1%

Communication Services0.0%

Consumer Discretionary0.0%

By market cap

Unknown99.9%

Mega (>$200B)0.0%

Small ($300M–2B)0.0%

By region

Latin America74.6%

Other21.8%

North America3.6%

By industry group GICS — finer than sector

Industry group	Weight	Names
Banks	75.56%	2
Unclassified	21.79%	44
Metals & Mining	1.52%	3
Oil, Gas & Consumable Fuels	0.96%	1
Food Products	0.12%	1
Software & IT Services	0.03%	1
Household Durables	0.02%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	NU	NU HOLDINGS CLASS A	Financials	74.46%
2	IVV	ISHARES TR	Unclassified	1.69%
3	IEF	ISHARES TR	Unclassified	1.46%
4	VALE	Vale S.A.	Materials	1.44%
5	RSP	INVESCO EXCHANGE TRADED FD T	Unclassified	1.36%
6	IAU	ISHARES GOLD TR	Unclassified	1.19%
7	ACWI	ISHARES TR	Unclassified	1.17%
8	EMXC	ISHARES INC	Unclassified	1.15%
9	BBD	BANK BRADESCO	Financials	1.10%
10	JPIE	J P MORGAN EXCHANGE TRADED F	Unclassified	0.97%

9/53 names classified · sector 78.2% of weight · industry 78.2% · mkt cap 0.1%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 2 quarters

FinancialsNU, BBD, HOOD

MaterialsVALE, GGB, SID

Energy

Consumer Staples

Information Technology

Communication Services

Consumer Discretionary

UnclassifiedRSP, ACWI, IVV, IEF, IAU · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 78.2% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 0% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (2 classified)LARCH CAPITAL PARTNERS LLC centroid (Mid Core)

Communication ServicesConsumer Discretionary

Style box summary for LARCH CAPITAL PARTNERS LLC: centroid Mid Core. Heaviest cells: Large Growth 0.0%, Small Value 0.0%.

Classified: 0.1% of book weight (2/53 names) · unclassified 99.9%: NU, IVV, IEF, VALE, RSP, IAU, ACWI, EMXC, BBD, JPIE +41 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 53 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	NUNU HLDGS LTD	35,756,097	$514M	74.5%	HOLD
2	IVVISHARES TR	17,828	$12M	1.7%	NEW
3	IEFISHARES TR	105,503	$10M	1.5%	NEW
4	VALEVALE S A	626,504	$10M	1.4%	TRIM −54%
5	RSPINVESCO EXCHANGE TRADED FD T	48,912	$9M	1.4%	ADD 4%
6	IAUISHARES GOLD TR	92,812	$8M	1.2%	NEW
7	ACWIISHARES TR	58,124	$8M	1.2%	HOLD
8	EMXCISHARES INC	101,198	$8M	1.2%	HOLD
9	BBDBANCO BRADESCO S A	1,977,980	$8M	1.1%	TRIM −12%
10	JPIEJ P MORGAN EXCHANGE TRADED F	145,400	$7M	1.0%	ADD 3%
11	VCITVANGUARD SCOTTSDALE FDS	80,829	$7M	1.0%	NEW
12	PBRPETROLEO BRASILEIRO S A	317,988	$7M	1.0%	TRIM −50%
13	VWOBVANGUARD WHITEHALL FDS	94,657	$6M	0.9%	HOLD
14	IEIISHARES TR	47,889	$6M	0.8%	NEW
15	FPEFirst Trust Preferred Secs & Inc ETF	314,874	$6M	0.8%	ADD 10%
16	EMBISHARES TR	54,811	$5M	0.7%	ADD 7%
17	IEURISHARES TR	65,726	$5M	0.7%	HOLD
18	HYSPIMCO ETF TR	46,758	$4M	0.6%	NEW
19	EWJISHARES INC	50,733	$4M	0.6%	HOLD
20	SHYGISHARES TR	97,092	$4M	0.6%	HOLD
21	EEMISHARES TR	65,815	$4M	0.5%	HOLD
22	IXNISHARES TR	35,972	$4M	0.5%	ADD 3%
23	BINCBLACKROCK ETF TRUST II	68,548	$4M	0.5%	NEW
24	PFXFVANECK ETF TRUST	176,444	$3M	0.4%	ADD 6%
25	IJRISHARES TR	23,935	$3M	0.4%	NEW
26	VEAVANGUARD TAX-MANAGED FDS	46,366	$3M	0.4%	ADD 13%
27	IGEBISHARES TR	63,720	$3M	0.4%	NEW
28	PBR.APETROLEO BRASILEIRO SA PETRO	144,590	$3M	0.4%	NEW
29	AAXJISHARES TR	24,720	$2M	0.3%	HOLD
30	QUALISHARES TR	11,937	$2M	0.3%	HOLD
31	HELOJPMorgan Hedged Equity Laddered Overly ETF	34,605	$2M	0.3%	TRIM −17%
32	INDAISHARES TR	31,015	$1M	0.2%	HOLD
33	VOOVANGUARD INDEX FDS	1,614	$965,178	0.1%	NEW
34	NZACSPDR INDEX SHS FDS	23,470	$953,931	0.1%	HOLD
35	JBSJBS N.V.	47,000	$844,120	0.1%	TRIM −34%
36	SPYSTATE STR SPDR S&P 500 ETF T	1,113	$725,989	0.1%	TRIM −59%
37	VWOVANGUARD INTL EQUITY INDEX F	9,604	$519,096	0.1%	HOLD
38	QQQINVESCO QQQ TR	896	$517,153	0.1%	NEW
39	SHYISHARES TR	6,197	$511,686	0.1%	NEW
40	FLOTISHARES TR	10,006	$509,806	0.1%	HOLD
41	VTIVANGUARD INDEX FDS	1,552	$497,881	0.1%	NEW
42	AGGISHARES TR	4,917	$488,063	0.1%	NEW
43	GGBGERDAU SA	134,136	$484,231	0.1%	NEW
44	JPSTJ P MORGAN EXCHANGE TRADED F	8,262	$418,140	0.1%	HOLD
45	CMDTPIMCO ETF TR	10,670	$344,336	0.0%	NEW
46	SPSBSPDR SERIES TRUST	11,115	$334,228	0.0%	HOLD
47	ACWXISHARES TR	4,068	$278,526	0.0%	NEW
48	MUBISHARES TR	2,398	$254,548	0.0%	NEW
49	VGKVANGUARD INTL EQUITY INDEX F	2,951	$243,251	0.0%	HOLD
50	JAAAJANUS DETROIT STR TR	4,585	$231,875	0.0%	HOLD
51	METAMETA PLATFORMS INC	354	$202,534	0.0%	NEW
52	MLKNMILLERKNOLL INC	11,754	$171,701	0.0%	NEW
53	SIDCOMPANHIA SIDERURGICA NACION	23,352	$28,956	0.0%	NEW

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

NUNU HLDGS LTD

—

36.2M

35.8M

$514M

IVVISHARES TR

—

18K

$12M

IEFISHARES TR

—

106K

$10M

VALEVALE S A

—

1.4M

627K

$10M

RSPINVESCO EXCHANGE TRADED FD T

—

47K

49K

$9M

IAUISHARES GOLD TR

—

93K

$8M

ACWIISHARES TR

—

58K

$8M

EMXCISHARES INC

—

101K

$8M

BBDBANCO BRADESCO S A

—

2.3M

2.0M

$8M

JPIEJ P MORGAN EXCHANGE TRADED F

—

141K

145K

$7M

VCITVANGUARD SCOTTSDALE FDS

—

81K

$7M

PBRPETROLEO BRASILEIRO S A

—

632K

318K

$7M

VWOBVANGUARD WHITEHALL FDS

—

95K

$6M

IEIISHARES TR

—

48K

$6M

FPEFirst Trust Preferred Secs & Inc ETF

—

287K

315K

$6M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

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