13F filer · reported 2026-Q2 · filed 2026-08-14 · Δ vs 2026-Q1 · US-listed long positions only 13F portfolio $9.8B · Positions 20 · Top 10 83.3% · Effective N 10.4 Filer13F 2026-Q2 | CIK1541617 | Reported quarter2026-Q2 | | Prior quarter2026-Q1 | Filed2026-08-14 | | Reported value$9.8B | Positions20 |
Authorized signatory: Annie Hancock · CCO and Deputy General Counsel — the person who SIGNED this filer's latest 13F, frequently a compliance officer, general counsel or CFO, and not necessarily the portfolio manager. Reported 2026-Q2 · filed 2026-08-14ⓘ Implied return1.14y vs SPY | Cumulative+1.7% | CAGR+1.5% | | vs SPY−20.4pp | Vol (ann.)29.3% | | Sharpe0.20 | Max drawdown−26.7% | | Beta1.77 | Avg coverage97% | | Quarters replayed4 | |
2025-06-30 → 2026-08-21 · HYPOTHETICAL replication, not actual returnsⓘ Contribution10 of 34 names | Ticker | Avg wt | Return | Contrib. |
|---|
| META | 17.6% | −26.9% | −5.60pp | | NVDA | 22.7% | +20.8% | +4.59pp | | TSM | 5.8% | +81.5% | +3.86pp | | SNOW | 6.6% | +69.1% | +3.60pp | | ARM | 2.8% | +76.4% | +3.23pp | | CRWV | 3.5% | −6.5% | +1.88pp | | CBRS | 2.4% | — | −1.86pp | | CPNG · exited | 3.0% | −42.8% | −1.82pp | | UBER | 7.8% | −18.6% | −1.54pp | | Z · exited | 1.4% | −59.0% | −1.54pp |
Carino-linked; contributions sum to the book return — modeled, not actual results. 2025-08-24 → 2026-08-24 · book −0.3% · SPY +20.0% · largest absolute contributors first · HYPOTHETICALⓘ Top holdings12 of 20 · 89.9% of book | Holding | Weight | Value | Δ shares |
|---|
| NVDA | 19.2% | $1.9B | +0.8% | | CBRS | 16.2% | $1.6B | new | | META | 7.8% | $763M | −30.6% | | TSM | 6.9% | $683M | +4.7% | | CRWV | 6.2% | $605M | +35.0% | | ARM | 5.9% | $582M | −4.3% | | AMZN | 5.9% | $578M | +16.1% | | UBER | 5.4% | $532M | −7.5% | | SNOW | 5.0% | $490M | +0.0% | | MSFT | 4.8% | $473M | +7.1% | | QCOM | 3.5% | $348M | new | | SPCX | 3.1% | $304M | new |
Weights as filed for 2026-Q2 · Δ vs 2026-Q1ⓘ Sector split6 sectors | Sector | N | Weight |
|---|
| Information Technology | 14 | 79.4% | | Communication Services | 2 | 8.4% | | Consumer Discretionary | 1 | 5.9% | | Industrials | 1 | 5.4% | | Financials | 1 | 0.9% | | Unclassified | 1 | 0.0% |
SIC-derived, not GICS · 100% of weight classifiedⓘ Sector history8 of 52 quarters | Sector | 2024-Q2 | 2024-Q3 | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Information Technology | 50.3% | 46.0% | 52.4% | 39.1% | 45.5% | 45.0% | 49.5% | 60.5% | | Communication Services | 19.0% | 20.8% | 22.4% | 21.3% | 20.0% | 19.1% | 20.7% | 19.6% | | Industrials | 19.2% | 17.5% | 10.8% | 14.4% | 14.9% | 16.9% | 11.2% | 11.2% | | Consumer Discretionary | 5.8% | 7.4% | 8.4% | 7.3% | 9.6% | 10.7% | 13.2% | 7.6% | | Financials | 0.0% | 0.8% | 0.0% | 2.4% | 4.4% | 5.4% | 2.2% | 1.1% | | Unclassified | 5.7% | 7.0% | 5.9% | 15.5% | 5.6% | 3.0% | 3.2% | 0.0% | | Real Estate | 0.0% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | | Materials | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | | Utilities | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | | Top-10 concentration | 92.9% | 87.3% | 83.2% | 86.7% | 85.9% | 81.9% | 89.1% | 98.5% |
SIC-derived, not GICS · 100% of the latest book classified · share of the filed book, per quarterⓘ Basis & disclosures - As filed · positions and weights exactly as the 13F states them · nothing imputed · absent “—”
- 13F is US-listed long only · filed up to 45 days after quarter-end · a LOWER bound on what this filer manages, never a total — shorts, options, cash, bonds and non-US listings are outside it
- As filed — the holdings and weights are the 13F itself; no return engine produced them
- Implied returns are a replication, not a track record · the filed book valued daily and rebalanced to each new filing · no fees, no timing, and nothing a 13F does not carry
- Not investment advice · no recommendation, forecast or offer · past ≠ future · this is a filer's public record, not a solicitation
- SEC Form 13F · SEC Form ADV · licensed end-of-day prices · spzco.com/methodology
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