Applied Capital LLC
Long book
$267.9M
Q1 2026
Positions
50
Top-10 weight
77%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsApplied Capital LLC is a wealth-management firm allocating client money, specialised in technology (78% of the long book), running a $267.9M US long book across 50 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: DIMENSIONAL US CORE EQUITY 2, VANGUARD S&P 500 ETF, VANGUARD FTSE DEVELOPED ETF, VANGUARD TOTAL STOCK MKT ETF, DIMENSIONAL INTERNATIONAL CO.
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. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.3%
Q2 2024
+6.5%
Q3 2024
-1.3%
Q4 2024
-0.9%
Q1 2025
+9.2%
Q2 2025
+6.6%
Q3 2025
+2.9%
Q4 2025
-0.6%
Q1 2026
+11.3%
Sector allocation
Technology 78%
Industrials 22%
Long book by quarter
What does Applied Capital own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 51 | $267.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 16, 2026 | 53 | $259.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 48 | $248.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 17, 2025 | 46 | $227.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 22, 2025 | 47 | $203.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 47 | $194.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 18, 2024 | 46 | $194.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Oct 18, 2024 | 38 | $174.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 23, 2024 | 39 | $168K | canonical | SEC ↗ |