AVALON CAPITAL MANAGEMENT
Long book
$354.2M
Q1 2026
Positions
121
Top-10 weight
50%
concentration
Last quarter
+9.8%
SPY +14.8%
Turnover
27%
of book per quarter
Strategy in plain words
auto-generated from filingsAVALON CAPITAL MANAGEMENT is a wealth-management firm allocating client money, running a $354.2M US long book across 121 positions.
The portfolio is concentrated: the top 10 names carry 50% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ALPHABET INC-CL A, VANECK GOLD MINERS ETF, ALPHABET INC-CL C, VANECK SEMICONDUCTOR ETF, INVESCO OPTIMUM YIELD DIVERS.
Over the last 9 quarters its long book ran on average 0.4pp per quarter ahead of 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
+6.7%
Q2 2024
+3.4%
Q3 2024
+1.9%
Q4 2024
-5.5%
Q1 2025
+9.3%
Q2 2025
+12.3%
Q3 2025
+6.7%
Q4 2025
-0.5%
Q1 2026
+9.8%
Sector allocation
Technology 60%
Energy 9%
Consumer discretionary 9%
Healthcare 8%
Industrials 5%
Materials 3%
Financials 3%
Services media 2%
Long book by quarter
What does AVALON CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 136.3K | $39.2M | 11.1% | -1.7% |
| GOOG ALPHABET INC-CL C | Technology | 63.6K | $18.3M | 5.2% | -13.2% |
| CSCO CISCO SYSTEMS INC | Technology | 153.3K | $11.9M | 3.4% | -4.7% |
| AAPL APPLE INC | Technology | 46.2K | $11.7M | 3.3% | -15.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 52.3K | $10.9M | 3.1% | -6.7% |
| CVX CHEVRON CORP | Energy | 51.2K | $10.6M | 3.0% | +3557.1% |
| LLY ELI LILLY & CO | Healthcare | 7.6K | $7.0M | 2.0% | -46.7% |
| MSFT MICROSOFT CORP | Technology | 13.9K | $5.2M | 1.5% | -27.4% |
| AMGN AMGEN INC | Healthcare | 12.4K | $4.3M | 1.2% | -57.3% |
| FDX FEDEX CORP | Industrials | 8.7K | $3.1M | 0.9% | New |
| AEM AGNICO EAGLE MINES LTD | Materials | 12.7K | $2.6M | 0.7% | -15.0% |
| NVDA NVIDIA CORP | Technology | 14.1K | $2.5M | 0.7% | -3.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 4.6K | $2.2M | 0.6% | -17.5% |
| GEV GE VERNOVA INC | Industrials | 2.5K | $2.2M | 0.6% | -14.2% |
| V VISA INC-CLASS A SHARES | Services media | 4.3K | $1.3M | 0.4% | -30.1% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 26.5K | $1.3M | 0.4% | +24.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.3K | $1.3M | 0.4% | Held |
| ET ENERGY TRANSFER LP | Utilities | 60.0K | $1.2M | 0.3% | Held |
| ORCL ORACLE CORP | Technology | 6.8K | $1000K | 0.3% | -14.2% |
| ANET ARISTA NETWORKS INC | Technology | 7.7K | $949K | 0.3% | -10.9% |
| ULTA ULTA BEAUTY INC | Consumer discretionary | 1.7K | $880K | 0.2% | Held |
| XOM EXXON MOBIL CORP | Energy | 4.4K | $748K | 0.2% | +3.5% |
| HL HECLA MINING CO | Materials | 38.2K | $712K | 0.2% | -2.1% |
| HEI HEICO CORP | Industrials | 2.5K | $672K | 0.2% | -55.5% |
| MPLX MPLX LP | Energy | 11.6K | $664K | 0.2% | Held |
| NFLX NETFLIX INC | Services media | 6.3K | $606K | 0.2% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 978 | $560K | 0.2% | -6.7% |
| KMI KINDER MORGAN INC | Utilities | 15.0K | $503K | 0.1% | Held |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 3.8K | $498K | 0.1% | Held |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 3.4K | $497K | 0.1% | -35.4% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 5.1K | $480K | 0.1% | -7.7% |
| BMO BANK OF MONTREAL | Financials | 3.4K | $464K | 0.1% | Held |
| DVA DAVITA INC | Healthcare | 2.8K | $432K | 0.1% | New |
| RGLD ROYAL GOLD INC | Financials | 1.7K | $431K | 0.1% | Held |
| GE GENERAL ELECTRIC | Industrials | 1.4K | $387K | 0.1% | -33.7% |
| LRCX LAM RESEARCH CORP | Industrials | 1.8K | $383K | 0.1% | -3.6% |
| PAAS PAN AMERICAN SILVER CORP | Materials | 7.0K | $382K | 0.1% | Held |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 3.4K | $351K | 0.1% | New |
| FCX FREEPORT-MCMORAN INC | Materials | 5.6K | $329K | 0.1% | Held |
| TDG TRANSDIGM GROUP INC | Industrials | 280 | $325K | 0.1% | -89.9% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 1.1K | $321K | 0.1% | Held |
| AVGO BROADCOM INC | Technology | 1.0K | $314K | 0.1% | -3.2% |
| TXN TEXAS INSTRUMENTS INC | Technology | 1.6K | $314K | 0.1% | Held |
| NEE NEXTERA ENERGY INC | Utilities | 3.4K | $312K | 0.1% | Held |
| DHR DANAHER CORP | Technology | 1.6K | $304K | 0.1% | -4.0% |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 4.2K | $274K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 122 | $354.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 139 | $418.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 133 | $408.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 127 | $372.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 126 | $344.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 131 | $309.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 130 | $330.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 24, 2024 | 120 | $315.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 17, 2024 | 99 | $244.1M | canonical | SEC ↗ |