ALLEN OPERATIONS LLC
Long book
$669.7M
Q1 2026
Positions
35
Top-10 weight
77%
concentration
Last quarter
+13.8%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsALLEN OPERATIONS LLC is a concentrated fundamental stock-picker, running a $669.7M US long book across 35 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: PALANTIR TECHNOLOGIES INC-A, ACUITY INC, AURORA INNOVATION INC, SCHWAB (CHARLES) CORP, AFFIRM HOLDINGS INC.
Over the last 9 quarters its long book ran on average 1.9pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-4.4%
Q2 2024
+19.1%
Q3 2024
+13.9%
Q4 2024
-1.3%
Q1 2025
+19.5%
Q2 2025
+15.2%
Q3 2025
-2.9%
Q4 2025
-15.4%
Q1 2026
+13.8%
Sector allocation
Technology 53%
Industrials 19%
Financials 16%
Services media 6%
Energy 2%
Consumer discretionary 2%
Consumer staples 1%
Communications 0%
Long book by quarter
What does ALLEN OPERATIONS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 1.1M | $164.6M | 24.6% | Held |
| AYI ACUITY INC | Industrials | 344.1K | $96.4M | 14.4% | Held |
| AUR AURORA INNOVATION INC | Technology | 10.4M | $42.8M | 6.4% | Held |
| SCHW SCHWAB (CHARLES) CORP | Financials | 380.2K | $35.7M | 5.3% | Held |
| AFRM AFFIRM HOLDINGS INC | Financials | 721.4K | $33.1M | 4.9% | Held |
| MA MASTERCARD INC - A | Services media | 65.6K | $32.8M | 4.9% | Held |
| MSFT MICROSOFT CORP | Technology | 88.4K | $32.7M | 4.9% | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 41 | $29.4M | 4.4% | Held |
| GOOG ALPHABET INC-CL C | Technology | 85.4K | $24.5M | 3.7% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 83.4K | $24.0M | 3.6% | Held |
| YOU CLEAR SECURE INC -CLASS A | Technology | 368.0K | $17.8M | 2.7% | -25.0% |
| XOM EXXON MOBIL CORP | Energy | 89.9K | $15.3M | 2.3% | Held |
| WDAY WORKDAY INC-CLASS A | Technology | 112.0K | $14.6M | 2.2% | Held |
| JOBY JOBY AVIATION INC | Industrials | 1.6M | $12.9M | 1.9% | Held |
| PPLI PEOPLE INC | Technology | 319.5K | $12.8M | 1.9% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 99.1K | $7.5M | 1.1% | Held |
| GEV GE VERNOVA INC | Industrials | 8.4K | $7.3M | 1.1% | Held |
| CPNG COUPANG INC | Consumer discretionary | 325.0K | $6.1M | 0.9% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 24.4K | $5.1M | 0.8% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 6.8K | $3.9M | 0.6% | Held |
| UNH UNITEDHEALTH GROUP INC | Financials | 13.6K | $3.7M | 0.6% | Held |
| V VISA INC-CLASS A SHARES | Services media | 11.7K | $3.5M | 0.5% | Held |
| TEM TEMPUS AI INC-CL A | Technology | 76.6K | $3.5M | 0.5% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 6.9K | $3.3M | 0.5% | Held |
| TDG TRANSDIGM GROUP INC | Industrials | 2.8K | $3.2M | 0.5% | Held |
| PSKY PARAMOUNT SKYDANCE CL B | Communications | 181.0K | $1.6M | 0.2% | +7.9% |
| ANGI ANGI INC | Services media | 167.8K | $1.1M | 0.2% | Held |
| IOT SAMSARA INC-CL A | Technology | 36.0K | $1.1M | 0.2% | -45.4% |
| DIBS 1STDIBS.COM INC | Consumer discretionary | 176.8K | $973K | 0.1% | Held |
| ALAB ASTERA LABS INC | Technology | 6.1K | $671K | 0.1% | Held |
| RXRX RECURSION PHARMACEUTICALS-A | Healthcare | 217.7K | $668K | 0.1% | Held |
| BLND BLEND LABS INC-A | Technology | 344.8K | $586K | 0.1% | Held |
| FIG FIGMA INC-CL A | Technology | 19.6K | $414K | 0.1% | +4.3% |
| DNA GINKGO BIOWORKS HOLDINGS INC | Healthcare | 62.0K | $380K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 36 | $669.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 36 | $799.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 38 | $837.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 35 | $727.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 31 | $607.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 31 | $630.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 34 | $593.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 35 | $511.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 35 | $526.6M | canonical | SEC ↗ |
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