Altrafin AG

Fundamental concentrated ★Highest signal CIK 2110313
League rank
#261
in Fundamental concentrated · #478 overall
Long book
$290.2M
Q1 2026
Positions
52
Top-10 weight
60%
concentration
Last quarter
+21.5%
SPY +14.8%
Turnover
25%
of book per quarter

Strategy in plain words

auto-generated from filings

Altrafin AG is a concentrated fundamental stock-picker, running a $290.2M US long book across 52 positions.

The portfolio is concentrated: the top 10 names carry 60% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ALPHABET INC-CL A, MICROSOFT CORP, AMAZON.COM INC, MASTERCARD INC - A, TAIWAN SEMICONDUCTOR-SP ADR.

Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 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
+5.9%
Q2 2024
+2.0%
Q3 2024
+4.6%
Q4 2024
-5.9%
Q1 2025
+13.0%
Q2 2025
+3.6%
Q3 2025
+1.8%
Q4 2025
-11.7%
Q1 2026
+21.5%

Sector allocation

Technology
48%
Services media
24%
Financials
11%
Consumer discretionary
10%
Industrials
3%
Healthcare
2%
Utilities
1%
Other
0%

Long book by quarter

$275.9M
Q1 2024
$270.7M
Q2 2024
$277.6M
Q3 2024
$288.4M
Q4 2024
$257.3M
Q1 2025
$296.2M
Q2 2025
$315.4M
Q3 2025
$315.4M
Q4 2025
$290.2M
Q1 2026

What does Altrafin AG own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOOGL ALPHABET INC-CL ATechnology118.6K$34.1M11.7%-15.3%
MSFT MICROSOFT CORPTechnology74.9K$27.7M9.6%+23.1%
AMZN AMAZON.COM INCConsumer discretionary117.2K$24.4M8.4%-0.4%
MA MASTERCARD INC - AServices media46.1K$23.0M7.9%+5.8%
JPM JPMORGAN CHASE & COFinancials39.2K$11.5M4.0%-17.1%
AAPL APPLE INCTechnology40.4K$10.3M3.5%Held
ICE INTERCONTINENTAL EXCHANGE INFinancials59.8K$9.4M3.2%+4.4%
SPGI S&P GLOBAL INCServices media21.8K$9.3M3.2%-4.3%
FTNT FORTINET INCTechnology103.1K$8.4M2.9%Held
CRWD CROWDSTRIKE HOLDINGS INC - ATechnology21.1K$8.2M2.8%-4.3%
NVDA NVIDIA CORPTechnology46.9K$8.2M2.8%+0.8%
NFLX NETFLIX INCServices media79.8K$7.7M2.6%+36.1%
META META PLATFORMS INC-CLASS ATechnology12.1K$6.9M2.4%+100.9%
LLY ELI LILLY & COHealthcare6.4K$5.8M2.0%New
MCO MOODY'S CORPServices media12.7K$5.5M1.9%+31.9%
UNH UNITEDHEALTH GROUP INCFinancials16.7K$4.5M1.6%-49.1%
UBER UBER TECHNOLOGIES INCServices media60.4K$4.3M1.5%-48.7%
PANW PALO ALTO NETWORKS INCTechnology24.4K$3.9M1.3%New
MELI MERCADOLIBRE INCServices media2.1K$3.7M1.3%+1176.2%
GE GENERAL ELECTRICIndustrials12.3K$3.5M1.2%New
AMD ADVANCED MICRO DEVICESTechnology13.3K$2.7M0.9%Held
FISV FISERV INCServices media46.4K$2.6M0.9%+11.1%
VRT VERTIV HOLDINGS CO-ATechnology9.2K$2.3M0.8%New
EFX EQUIFAX INCServices media11.8K$2.1M0.7%-26.1%
BKNG BOOKING HOLDINGS INCIndustrials445$1.9M0.6%Held
CNI CANADIAN NATL RAILWAY COIndustrials18.0K$1.8M0.6%New
NEE NEXTERA ENERGY INCUtilities18.3K$1.7M0.6%Held
INTU INTUIT INCTechnology3.6K$1.5M0.5%-11.0%
AVGO BROADCOM INCTechnology4.5K$1.4M0.5%New
FICO FAIR ISAAC CORPServices media1.3K$1.3M0.5%-0.2%
NU NU HOLDINGS LTD/CAYMAN ISL-AFinancials70.0K$1.0M0.3%New
ASML ASML HOLDING NV-NY REG SHSIndustrials588$777K0.3%-62.4%
SLRC SLR INVESTMENT CORP50.9K$728K0.3%+0.1%
OKTA OKTA INCTechnology9.0K$708K0.2%New
RBRK RUBRIK INC-ATechnology14.2K$695K0.2%New
SAIL SAILPOINT INCTechnology52.0K$688K0.2%New
COST COSTCO WHOLESALE CORPConsumer discretionary634$632K0.2%-3.1%
PEP PEPSICO INCConsumer staples2.9K$443K0.2%Held
TMO THERMO FISHER SCIENTIFIC INCOther900$442K0.2%-44.2%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology2.3K$341K0.1%+74.0%
SNOW SNOWFLAKE INCTechnology1.6K$247K0.1%Held
FDX FEDEX CORPIndustrials600$214K0.1%-56.8%
BA BOEING CO/THEIndustrials1.1K$213K0.1%-45.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 14, 202652$290.2M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202646$315.4M canonicalSEC ↗
Q3 202513F-HRFeb 17, 202648$315.4M canonicalSEC ↗
Q2 202513F-HRFeb 17, 202650$296.2M canonicalSEC ↗
Q1 202513F-HRFeb 17, 202645$257.3M canonicalSEC ↗
Q4 202413F-HRFeb 17, 202648$288.4M canonicalSEC ↗
Q3 202413F-HRFeb 17, 202650$277.6M canonicalSEC ↗
Q2 202413F-HRFeb 17, 202660$270.7M canonicalSEC ↗
Q1 202413F-HRFeb 17, 202659$275.9M canonicalSEC ↗