Applied Finance Capital Management, LLC
Long book
$1.33B
Q1 2026
Positions
218
Top-10 weight
30%
concentration
Last quarter
+13.9%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsApplied Finance Capital Management, LLC is an institutional manager, running a $1.33B US long book across 218 positions.
The portfolio is moderately concentrated (top 10 ≈ 30% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, MICROSOFT CORP, APPLIED MATERIALS INC, ALPHABET INC-CL A, KLA CORP.
Over the last 9 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.7%
Q2 2024
+6.2%
Q3 2024
-2.4%
Q4 2024
-1.6%
Q1 2025
+7.5%
Q2 2025
+7.4%
Q3 2025
+1.7%
Q4 2025
-1.7%
Q1 2026
+13.9%
Sector allocation
Technology 35%
Industrials 12%
Consumer discretionary 9%
Financials 9%
Services media 8%
Healthcare 8%
Other 4%
Energy 4%
Long book by quarter
What does Applied Finance own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 235.9K | $59.9M | 4.5% | -4.4% |
| MSFT MICROSOFT CORP | Technology | 126.0K | $46.6M | 3.5% | +7.5% |
| AMAT APPLIED MATERIALS INC | Technology | 129.1K | $44.1M | 3.3% | -21.4% |
| GOOGL ALPHABET INC-CL A | Technology | 139.6K | $40.2M | 3.0% | -18.4% |
| KLAC KLA CORP | Other | 27.0K | $39.8M | 3.0% | -14.4% |
| META META PLATFORMS INC-CLASS A | Technology | 66.1K | $37.8M | 2.8% | +16.0% |
| CSCO CISCO SYSTEMS INC | Technology | 459.4K | $35.6M | 2.7% | -10.3% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 708.6K | $35.6M | 2.7% | +13.5% |
| MA MASTERCARD INC - A | Services media | 58.7K | $29.3M | 2.2% | +4.7% |
| HPQ HP INC | Technology | 1.4M | $27.2M | 2.0% | +22.0% |
| NVDA NVIDIA CORP | Technology | 154.9K | $27.0M | 2.0% | -10.6% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 108.2K | $26.2M | 2.0% | -8.3% |
| ADBE ADOBE INC | Technology | 100.1K | $24.3M | 1.8% | +7.9% |
| ROP ROPER TECHNOLOGIES INC | Technology | 68.6K | $24.3M | 1.8% | +19.2% |
| DIS WALT DISNEY CO/THE | Services media | 244.0K | $23.5M | 1.8% | +5.4% |
| COP CONOCOPHILLIPS | Energy | 175.1K | $23.1M | 1.7% | -0.9% |
| LOW LOWE'S COS INC | Consumer discretionary | 97.8K | $23.1M | 1.7% | -0.9% |
| TRV TRAVELERS COS INC/THE | Financials | 79.1K | $23.1M | 1.7% | -2.4% |
| ORCL ORACLE CORP | Technology | 155.9K | $22.9M | 1.7% | +31.5% |
| VLO VALERO ENERGY CORP | Energy | 89.8K | $22.2M | 1.7% | -3.7% |
| PWR QUANTA SERVICES INC | Industrials | 40.2K | $22.1M | 1.7% | -9.0% |
| DRI DARDEN RESTAURANTS INC | Consumer discretionary | 111.5K | $21.9M | 1.6% | +1.1% |
| MRK MERCK & CO. INC. | Healthcare | 178.9K | $21.5M | 1.6% | -2.5% |
| WAB WABTEC CORP | Industrials | 82.0K | $20.5M | 1.5% | -8.5% |
| JPM JPMORGAN CHASE & CO | Financials | 68.4K | $20.1M | 1.5% | -6.8% |
| AMP AMERIPRISE FINANCIAL INC | Financials | 45.3K | $20.1M | 1.5% | -1.1% |
| DHI DR HORTON INC | Industrials | 144.8K | $19.9M | 1.5% | +6.5% |
| UNP UNION PACIFIC CORP | Industrials | 80.4K | $19.5M | 1.5% | +0.1% |
| CMI CUMMINS INC | Industrials | 36.2K | $19.5M | 1.5% | -20.9% |
| LKQ LKQ CORP | Consumer discretionary | 662.2K | $19.4M | 1.5% | +11.0% |
| BAC BANK OF AMERICA CORP | Financials | 394.1K | $19.2M | 1.4% | -9.9% |
| TGT TARGET CORP | Consumer discretionary | 155.6K | $18.9M | 1.4% | -5.5% |
| APTV APTIV PLC | Industrials | 269.1K | $18.7M | 1.4% | +4.1% |
| MET METLIFE INC | Financials | 251.7K | $17.8M | 1.3% | -0.3% |
| AVGO BROADCOM INC | Technology | 51.3K | $15.9M | 1.2% | +63.4% |
| FISV FISERV INC | Services media | 284.1K | $15.9M | 1.2% | +81.2% |
| URI UNITED RENTALS INC | Services media | 21.7K | $15.8M | 1.2% | +4.7% |
| MCK MCKESSON CORP | Consumer discretionary | 17.8K | $15.4M | 1.2% | -1.8% |
| CBRE CBRE GROUP INC - A | Real estate | 112.9K | $15.3M | 1.1% | -11.5% |
| STZ CONSTELLATION BRANDS INC-A | Consumer staples | 99.0K | $14.8M | 1.1% | +2.6% |
| TSN TYSON FOODS INC-CL A | Consumer staples | 229.5K | $14.7M | 1.1% | -6.8% |
| KDP KEURIG DR PEPPER INC | Consumer staples | 500.7K | $13.2M | 1.0% | -3.8% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 16.8K | $13.0M | 1.0% | -11.8% |
| V VISA INC-CLASS A SHARES | Services media | 39.8K | $12.0M | 0.9% | +14.3% |
| INCY INCYTE CORP | Healthcare | 126.4K | $11.9M | 0.9% | -9.9% |
| SYK STRYKER CORP | Healthcare | 35.6K | $11.7M | 0.9% | +19.8% |
| DTE DTE ENERGY COMPANY | Utilities | 79.8K | $11.7M | 0.9% | -1.2% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 23.4K | $11.5M | 0.9% | -4.2% |
| GOOG ALPHABET INC-CL C | Technology | 40.0K | $11.5M | 0.9% | -20.0% |
| CVS CVS HEALTH CORP | Healthcare | 157.5K | $11.3M | 0.8% | +1.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 218 | $1.33B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 225 | $1.40B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 280 | $1.41B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 308 | $1.46B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 294 | $1.36B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 297 | $2.30B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR/ARESTATEMENT | Nov 8, 2024 | 298 | $2.34B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 1, 2024 | 299 | $2.34B | SEC ↗ | |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 293 | $2.16B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 75 | $1.42B | canonical | SEC ↗ |
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