13F filer · reported 2026-Q1 · filed 2026-05-08 · Δ vs 2025-Q4 · US-listed long positions only 13F portfolio $97.9B · Positions 271 · Top 10 42.5% · Effective N 39.9 Filer13F 2026-Q1 | CIK1088875 | Reported quarter2026-Q1 | | Prior quarter2025-Q4 | Filed2026-05-08 | | Reported value$97.9B | Positions271 |
Authorized signatory: Grant Meikle · Manager — 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-Q1 · filed 2026-05-08ⓘ Implied return1.14y vs SPY | Cumulative−1.9% | CAGR−1.7% | | vs SPY−23.5pp | Vol (ann.)21.0% | | Sharpe0.02 | Max drawdown−26.1% | | Beta1.27 | Avg coverage99% | | Quarters replayed3 | |
2025-06-30 → 2026-08-21 · HYPOTHETICAL replication, not actual returnsⓘ Contribution10 of 302 names | Ticker | Avg wt | Return | Contrib. |
|---|
| MRNA | 0.7% | +435.1% | +2.18pp | | SE | 4.2% | −36.6% | −1.98pp | | RBLX | 1.7% | −67.3% | −1.48pp | | NET | 3.3% | +49.4% | +1.47pp | | CPNG | 2.9% | −42.8% | −1.44pp | | MELI | 5.9% | −20.9% | −1.36pp | | NVDA | 6.9% | +20.8% | +1.34pp | | APP | 3.0% | −30.8% | −1.27pp | | SPOT | 4.4% | −23.0% | −1.07pp | | PDD | 3.0% | −30.5% | −1.02pp |
Carino-linked; contributions sum to the book return — modeled, not actual results. 2025-08-24 → 2026-08-24 · book −5.5% · SPY +20.0% · largest absolute contributors first · HYPOTHETICALⓘ Top holdings12 of 271 · 47.3% of book | Holding | Weight | Value | Δ shares |
|---|
| NVDA | 7.3% | $7.1B | −7.1% | | AMZN | 6.0% | $5.9B | −4.4% | | MELI | 5.7% | $5.6B | −7.1% | | SPOT | 4.1% | $4.0B | −1.4% | | NU | 3.6% | $3.5B | −4.2% | | SHOP | 3.5% | $3.4B | −7.0% | | NET | 3.4% | $3.3B | −5.3% | | SE | 3.4% | $3.3B | +2.3% | | PDD | 3.0% | $2.9B | −8.6% | | APP | 2.7% | $2.7B | +8.7% | | META | 2.4% | $2.3B | −6.8% | | CPNG | 2.3% | $2.3B | −17.4% |
Weights as filed for 2026-Q1 · Δ vs 2025-Q4ⓘ Sector split12 sectors | Sector | N | Weight |
|---|
| Information Technology | 61 | 25.0% | | Industrials | 38 | 19.3% | | Consumer Discretionary | 23 | 14.6% | | Communication Services | 11 | 14.4% | | Health Care | 41 | 9.6% | | Financials | 33 | 8.5% | | Materials | 19 | 2.8% | | Energy | 5 | 1.7% | | Unclassified | 13 | 1.4% | | Real Estate | 10 | 1.3% | | Consumer Staples | 8 | 1.3% | | Utilities | 9 | 0.1% |
SIC-derived, not GICS · 99% 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 | 27.0% | 25.4% | 27.8% | 26.7% | 27.0% | 27.7% | 26.2% | 25.0% | | Industrials | 15.5% | 17.6% | 15.7% | 19.0% | 19.0% | 19.4% | 19.3% | 19.3% | | Consumer Discretionary | 17.5% | 18.7% | 18.9% | 16.8% | 15.8% | 15.4% | 14.9% | 14.6% | | Communication Services | 12.9% | 13.6% | 15.7% | 15.5% | 17.6% | 17.3% | 16.7% | 14.4% | | Health Care | 12.0% | 9.7% | 8.3% | 7.8% | 6.8% | 6.5% | 8.0% | 9.6% | | Financials | 8.1% | 8.2% | 6.9% | 7.6% | 7.5% | 7.6% | 8.6% | 8.5% | | Materials | 3.0% | 2.6% | 2.7% | 2.2% | 2.4% | 2.4% | 2.3% | 2.8% | | Energy | 0.5% | 0.7% | 0.6% | 0.7% | 0.4% | 0.3% | 0.3% | 1.7% | | Unclassified | 1.9% | 1.8% | 1.8% | 1.6% | 1.4% | 1.3% | 1.2% | 1.4% | | Real Estate | 0.9% | 1.1% | 1.2% | 1.4% | 1.2% | 1.2% | 1.5% | 1.3% | | Consumer Staples | 0.6% | 0.6% | 0.6% | 0.7% | 0.9% | 0.8% | 0.9% | 1.3% | | Utilities | 0.1% | 0.1% | 0.1% | 0.1% | 0.0% | 0.1% | 0.1% | 0.1% | | Top-10 concentration | 42.4% | 41.8% | 41.7% | 44.4% | 46.1% | 44.7% | 43.4% | 42.5% |
SIC-derived, not GICS · 99% 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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