BENDER ROBERT & ASSOCIATES

Fundamental concentrated ★Highest signal CIK 894300
League rank
#326
in Fundamental concentrated · #711 overall
Long book
$416.9M
Q1 2026
Positions
45
Top-10 weight
74%
concentration
Last quarter
+18.9%
SPY +14.8%
Turnover
17%
of book per quarter

Strategy in plain words

auto-generated from filings

BENDER ROBERT & ASSOCIATES is a concentrated fundamental stock-picker, running a $416.9M US long book across 45 positions.

The portfolio is concentrated: the top 10 names carry 74% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, INTUITIVE SURGICAL INC, AMAZON.COM INC, META PLATFORMS INC-CLASS A.

Over the last 8 quarters its long book ran on average 0.8pp per quarter ahead of the S&P 500, beating the index in 5 of 8 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
+10.7%
Q3 2024
+5.3%
Q4 2024
-9.7%
Q1 2025
+14.6%
Q2 2025
+4.9%
Q3 2025
+6.3%
Q4 2025
-10.0%
Q1 2026
+18.9%

Sector allocation

Technology
58%
Healthcare
16%
Consumer discretionary
11%
Services media
6%
Industrials
4%
Financials
3%
Other
1%
Utilities
1%

Long book by quarter

$426.7M
Q1 2024
$470.9M
Q3 2024
$414.3M
Q4 2024
$396.1M
Q1 2025
$448.3M
Q2 2025
$462.6M
Q3 2025
$481.3M
Q4 2025
$416.9M
Q1 2026

What does BENDER ROBERT own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology445.7K$77.7M18.6%-6.2%
AAPL APPLE INCTechnology262.2K$66.5M16.0%-8.1%
ISRG INTUITIVE SURGICAL INCHealthcare68.6K$31.6M7.6%-5.2%
AMZN AMAZON.COM INCConsumer discretionary126.9K$26.4M6.3%-2.7%
META META PLATFORMS INC-CLASS ATechnology36.4K$20.8M5.0%-3.3%
MELI MERCADOLIBRE INCServices media11.7K$20.1M4.8%-2.8%
GOOG ALPHABET INC-CL CTechnology66.5K$19.1M4.6%-4.7%
LLY ELI LILLY & COHealthcare17.6K$16.1M3.9%-2.2%
GOOGL ALPHABET INC-CL ATechnology54.4K$15.7M3.8%-4.8%
AMD ADVANCED MICRO DEVICESTechnology60.9K$12.4M3.0%-2.7%
VRTX VERTEX PHARMACEUTICALS INCHealthcare26.2K$11.7M2.8%-1.1%
ULTA ULTA BEAUTY INCConsumer discretionary21.0K$11.0M2.6%-3.9%
CB CHUBB LTDFinancials31.1K$10.1M2.4%-4.8%
GEV GE VERNOVA INCIndustrials10.5K$9.2M2.2%+45.2%
PANW PALO ALTO NETWORKS INCTechnology55.2K$8.8M2.1%+0.7%
BKNG BOOKING HOLDINGS INCIndustrials1.8K$7.5M1.8%-2.1%
MSFT MICROSOFT CORPTechnology19.7K$7.3M1.7%-1.1%
NOW SERVICENOW INCTechnology61.5K$6.4M1.5%-2.3%
LULU LULULEMON ATHLETICA INCOther40.8K$6.2M1.5%-5.9%
ADBE ADOBE INCTechnology23.2K$5.6M1.4%-2.3%
ILMN ILLUMINA INCHealthcare39.2K$4.8M1.2%-0.6%
SBUX STARBUCKS CORPConsumer discretionary44.0K$3.9M0.9%-1.6%
NEE NEXTERA ENERGY INCUtilities33.9K$3.2M0.8%-3.6%
HD HOME DEPOT INCConsumer discretionary8.7K$2.8M0.7%-0.6%
DIS WALT DISNEY CO/THEServices media29.2K$2.8M0.7%-0.3%
COST COSTCO WHOLESALE CORPConsumer discretionary1.3K$1.3M0.3%-7.8%
JNJ JOHNSON & JOHNSONHealthcare3.2K$788K0.2%-3.6%
JPM JPMORGAN CHASE & COFinancials2.5K$734K0.2%New
CAT CATERPILLAR INCIndustrials924$655K0.2%-2.6%
URGN UROGEN PHARMA LTDHealthcare34.7K$624K0.1%New
ABBV ABBVIE INCHealthcare2.4K$520K0.1%-13.2%
DE DEERE & COIndustrials912$514K0.1%Held
MRK MERCK & CO. INC.Healthcare4.1K$490K0.1%-8.1%
GILD GILEAD SCIENCES INCHealthcare2.8K$393K0.1%Held
NUE NUCOR CORPIndustrials2.3K$386K0.1%Held
ORCL ORACLE CORPTechnology2.1K$302K0.1%+4.5%
ABT ABBOTT LABORATORIESHealthcare2.9K$298K0.1%-6.4%
PLSE PULSE BIOSCIENCES INCHealthcare12.2K$263K0.1%New
V VISA INC-CLASS A SHARESServices media864$261K0.1%-0.5%
AEP AMERICAN ELECTRIC POWERUtilities1.9K$249K0.1%New
DUK DUKE ENERGY CORPUtilities1.7K$229K0.1%Held
BCRX BIOCRYST PHARMACEUTICALS INCHealthcare23.7K$226K0.1%New
MAR MARRIOTT INTERNATIONAL -CL AServices media672$220K0.1%New
AVGO BROADCOM INCTechnology670$207K0.0%-10.7%
EOLS EVOLUS INCHealthcare25.1K$103K0.0%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 23, 202645$416.9M canonicalSEC ↗
Q4 202513F-HRJan 29, 202639$481.3M canonicalSEC ↗
Q3 202513F-HROct 22, 202546$462.6M canonicalSEC ↗
Q2 202513F-HRJul 24, 202546$448.3M canonicalSEC ↗
Q1 202513F-HRApr 18, 202540$396.1M canonicalSEC ↗
Q4 202413F-HRFeb 7, 202546$414.3M canonicalSEC ↗
Q3 202413F-HROct 30, 202439$470.9M canonicalSEC ↗
Q2 202413F-HRJul 30, 202441$455.3M canonicalSEC ↗
Q1 202413F-HRApr 23, 202443$426.7M canonicalSEC ↗