Avory & Company, LLC
Long book
$77.3M
Q1 2026
Positions
34
Top-10 weight
76%
concentration
Last quarter
+13.8%
SPY +14.8%
Turnover
45%
of book per quarter
Strategy in plain words
auto-generated from filingsAvory & Company, LLC is an institutional manager, specialised in technology (67% of the long book), running a $77.3M US long book across 34 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: VANGUARD S&P 500 ETF, ZOOM COMMUNICATIONS INC, BLOCK INC, AVORY FOUNDATIONAL ETF, ZILLOW GROUP INC - C.
Over the last 9 quarters its long book ran on average 3.1pp per quarter behind the S&P 500, beating the index in 2 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
-5.1%
Q2 2024
+15.6%
Q3 2024
+10.8%
Q4 2024
-13.9%
Q1 2025
+10.3%
Q2 2025
+1.7%
Q3 2025
-3.3%
Q4 2025
-17.1%
Q1 2026
+13.8%
Sector allocation
Technology 70%
Services media 14%
Consumer discretionary 11%
Financials 6%
Long book by quarter
What does Avory & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ZM ZOOM COMMUNICATIONS INC | Technology | 106.8K | $8.6M | 11.1% | -61.8% |
| XYZ BLOCK INC | Technology | 123.1K | $7.4M | 9.6% | -63.2% |
| Z ZILLOW GROUP INC - C | Services media | 103.3K | $4.3M | 5.5% | -46.5% |
| YOU CLEAR SECURE INC -CLASS A | Technology | 83.9K | $4.1M | 5.3% | -64.7% |
| FWRG FIRST WATCH RESTAURANT GROUP | Consumer discretionary | 254.1K | $2.7M | 3.4% | -24.0% |
| BX BLACKSTONE INC | Financials | 22.5K | $2.6M | 3.4% | +780.2% |
| OMCL OMNICELL INC | Technology | 77.1K | $2.6M | 3.3% | -67.0% |
| PAYC PAYCOM SOFTWARE INC | Technology | 19.8K | $2.4M | 3.1% | -49.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 11.2K | $2.3M | 3.0% | New |
| META META PLATFORMS INC-CLASS A | Technology | 4.0K | $2.3M | 2.9% | -54.6% |
| ABNB AIRBNB INC-CLASS A | Services media | 15.8K | $2.0M | 2.6% | New |
| OKTA OKTA INC | Technology | 20.2K | $1.6M | 2.1% | New |
| LZ LEGALZOOMCOM INC | Technology | 226.1K | $1.3M | 1.7% | -36.9% |
| RBLX ROBLOX CORP -CLASS A | Technology | 21.7K | $1.2M | 1.6% | New |
| S SENTINELONE INC -CLASS A | Technology | 24.4K | $315K | 0.4% | Held |
| BMNR BITMINE IMMERSION TECHNOLOGI | Financials | 15.2K | $302K | 0.4% | -9.0% |
| CRM SALESFORCE INC | Technology | 1.2K | $229K | 0.3% | -52.7% |
| WIX WIX.COM LTD | Technology | 2.4K | $220K | 0.3% | -29.4% |
| PATH UIPATH INC - CLASS A | Technology | 13.5K | $150K | 0.2% | -19.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 34 | $77.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 24, 2026 | 42 | $156.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 33 | $166.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 31 | $164.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 24, 2025 | 31 | $151.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 29 | $178.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 31 | $164.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 1, 2024 | 29 | $142.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 28 | $146.9M | canonical | SEC ↗ |