Berbice Capital Management LLC

Fundamental diversified ★Signal technology specialist (71%) CIK 2051605
League rank
#152
in Fundamental diversified · #663 overall
Long book
$152.9M
Q1 2026
Positions
159
Top-10 weight
66%
concentration
Last quarter
+19.3%
SPY +14.8%
Turnover
40%
of book per quarter

Strategy in plain words

auto-generated from filings

Berbice Capital Management LLC is a diversified fundamental manager, specialised in technology (71% of the long book), running a $152.9M US long book across 159 positions.

The portfolio is concentrated: the top 10 names carry 66% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, META PLATFORMS INC-CLASS A, MICROSOFT CORP, BROADCOM INC, AMAZON.COM INC.

Over the last 6 quarters its long book ran on average 1pp per quarter ahead of the S&P 500, beating the index in 3 of 6 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q4 2024
-10.2%
Q1 2025
+21.6%
Q2 2025
+10.7%
Q3 2025
+0.9%
Q4 2025
-8.5%
Q1 2026
+19.3%

Sector allocation

Technology
70%
Consumer discretionary
14%
Services media
8%
Industrials
3%
Other
2%
Healthcare
1%
Financials
1%
Utilities
0%

Long book by quarter

$124.8M
Q4 2024
$116.0M
Q1 2025
$142.7M
Q2 2025
$162.3M
Q3 2025
$166.6M
Q4 2025
$152.9M
Q1 2026

What does Berbice Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology157.2K$27.4M17.9%+0.5%
META META PLATFORMS INC-CLASS ATechnology21.5K$12.3M8.1%+4.0%
MSFT MICROSOFT CORPTechnology29.8K$11.0M7.2%+4.2%
AVGO BROADCOM INCTechnology33.2K$10.3M6.7%+0.9%
AMZN AMAZON.COM INCConsumer discretionary48.4K$10.1M6.6%+1.9%
GOOGL ALPHABET INC-CL ATechnology33.3K$9.6M6.3%+1.3%
AAPL APPLE INCTechnology21.1K$5.3M3.5%Held
MA MASTERCARD INC - AServices media10.6K$5.3M3.5%-0.9%
V VISA INC-CLASS A SHARESServices media17.4K$5.3M3.4%Held
GOOG ALPHABET INC-CL CTechnology15.7K$4.5M3.0%+4.7%
COST COSTCO WHOLESALE CORPConsumer discretionary4.1K$4.1M2.7%-8.9%
HD HOME DEPOT INCConsumer discretionary9.8K$3.2M2.1%-11.0%
APP APPLOVIN CORP-CLASS ATechnology4.9K$2.0M1.3%+20.8%
VRT VERTIV HOLDINGS CO-ATechnology5.9K$1.5M1.0%Held
KLAC KLA CORPOther940$1.4M0.9%Held
CLS CELESTICA INCTechnology4.8K$1.3M0.9%+28.4%
LRCX LAM RESEARCH CORPIndustrials5.2K$1.1M0.7%+2.0%
COHR COHERENT CORPOther4.4K$1.0M0.7%+2.3%
ABBV ABBVIE INCHealthcare4.8K$1.0M0.7%Held
ASML ASML HOLDING NV-NY REG SHSIndustrials620$819K0.5%Held
HWM HOWMET AEROSPACE INCIndustrials3.3K$761K0.5%+17.9%
ANET ARISTA NETWORKS INCTechnology5.3K$646K0.4%+8.2%
SHOP SHOPIFY INC - CLASS ATechnology5.0K$595K0.4%Held
AMAT APPLIED MATERIALS INCTechnology1.1K$390K0.3%+1.8%
AXP AMERICAN EXPRESS COFinancials1.2K$352K0.2%Held
BA BOEING CO/THEIndustrials1.7K$342K0.2%+64.0%
ORCL ORACLE CORPTechnology2.1K$316K0.2%+4.9%
GE GENERAL ELECTRICIndustrials1.1K$312K0.2%Held
TDG TRANSDIGM GROUP INCIndustrials235$272K0.2%+4.4%
APH AMPHENOL CORP-CL ATechnology2.0K$253K0.2%+42.9%
AMD ADVANCED MICRO DEVICESTechnology1.2K$249K0.2%+4.3%
VST VISTRA CORPUtilities1.5K$230K0.2%+17.7%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology1.5K$219K0.1%+11.1%
WWD WOODWARD INCIndustrials600$215K0.1%+20.0%
ALAB ASTERA LABS INCTechnology1.8K$197K0.1%Held
INSM INSMED INCHealthcare1.2K$196K0.1%+71.4%
ADI ANALOG DEVICES INCTechnology520$165K0.1%Held
CDNS CADENCE DESIGN SYS INCTechnology580$161K0.1%-5.7%
CEG CONSTELLATION ENERGYUtilities500$140K0.1%+25.0%
GLW CORNING INCIndustrials1.0K$136K0.1%+233.3%
FN FABRINETTechnology260$136K0.1%+30.0%
NTRA NATERA INCHealthcare625$125K0.1%+19.0%
NBIS NEBIUS GROUP NVTechnology1.2K$125K0.1%+33.3%
NU NU HOLDINGS LTD/CAYMAN ISL-AFinancials8.0K$115K0.1%Held
NOW SERVICENOW INCTechnology1.0K$105K0.1%-94.9%
HCA HCA HEALTHCARE INCHealthcare220$104K0.1%Held
TLN TALEN ENERGY CORPUtilities320$102K0.1%+14.3%
IBM INTL BUSINESS MACHINES CORPTechnology400$97K0.1%+100.0%
TER TERADYNE INCTechnology325$96K0.1%+8.3%
GS GOLDMAN SACHS GROUP INCFinancials100$85K0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 6, 2026159$152.9M canonicalSEC ↗
Q4 202513F-HRFeb 6, 2026145$166.6M canonicalSEC ↗
Q3 202513F-HRNov 12, 2025194$162.3M canonicalSEC ↗
Q2 202513F-HRAug 13, 2025173$142.7M canonicalSEC ↗
Q1 202513F-HRMay 1, 2025168$116.0M canonicalSEC ↗
Q4 202413F-HRJan 21, 2025132$124.8M canonicalSEC ↗