CALIFORNIA FIRST LEASING CORP
Long book
$312.0M
Q1 2026
Positions
39
Top-10 weight
62%
concentration
Last quarter
+45.0%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filingsCALIFORNIA FIRST LEASING CORP is a concentrated fundamental stock-picker, running a $312.0M US long book across 39 positions.
The portfolio is concentrated: the top 10 names carry 62% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: APPLIED MATERIALS INC, ALPHABET INC-CL A, MICRON TECHNOLOGY INC, EXXON MOBIL CORP, GOLDMAN SACHS GROUP INC.
Over the last 9 quarters its long book ran on average 4.5pp per quarter ahead of the S&P 500, beating the index in 6 of 9 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
+1.9%
Q2 2024
+0.5%
Q3 2024
+3.5%
Q4 2024
-6.1%
Q1 2025
+11.1%
Q2 2025
+8.6%
Q3 2025
+11.0%
Q4 2025
+5.8%
Q1 2026
+45.0%
Sector allocation
Technology 50%
Financials 16%
Energy 12%
Industrials 7%
Services media 5%
Healthcare 3%
Consumer discretionary 3%
Communications 2%
Long book by quarter
What does CALIFORNIA FIRST own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMAT APPLIED MATERIALS INC | Technology | 88.2K | $30.2M | 9.7% | -5.0% |
| GOOGL ALPHABET INC-CL A | Technology | 99.9K | $28.7M | 9.2% | -4.9% |
| MU MICRON TECHNOLOGY INC | Technology | 82.1K | $27.7M | 8.9% | -5.0% |
| XOM EXXON MOBIL CORP | Energy | 160.8K | $27.3M | 8.7% | Held |
| GS GOLDMAN SACHS GROUP INC | Financials | 23.2K | $19.6M | 6.3% | Held |
| MRVL MARVELL TECHNOLOGY INC | Technology | 130.8K | $13.0M | 4.2% | Held |
| FIX COMFORT SYSTEMS USA INC | Industrials | 8.7K | $12.0M | 3.9% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 19.4K | $11.1M | 3.6% | +6.8% |
| AMD ADVANCED MICRO DEVICES | Technology | 54.0K | $11.0M | 3.5% | Held |
| WFC WELLS FARGO & CO | Financials | 106.4K | $8.5M | 2.7% | Held |
| CI THE CIGNA GROUP | Financials | 30.7K | $8.2M | 2.6% | Held |
| ALGN ALIGN TECHNOLOGY INC | Healthcare | 44.9K | $7.7M | 2.5% | Held |
| DOCN DIGITALOCEAN HOLDINGS INC | Technology | 87.6K | $7.5M | 2.4% | Held |
| ABNB AIRBNB INC-CLASS A | Services media | 58.9K | $7.4M | 2.4% | +16.1% |
| SLB SLB LTD | Energy | 129.0K | $6.6M | 2.1% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 29.9K | $6.2M | 2.0% | New |
| BAC BANK OF AMERICA CORP | Financials | 117.5K | $5.7M | 1.8% | Held |
| TWLO TWILIO INC - A | Technology | 44.0K | $5.5M | 1.8% | Held |
| CHTR CHARTER COMMUNICATIONS INC-A | Communications | 24.8K | $5.3M | 1.7% | +100.1% |
| ALSN ALLISON TRANSMISSION HOLDING | Industrials | 42.3K | $5.0M | 1.6% | Held |
| ZETA ZETA GLOBAL HOLDINGS CORP-A | Technology | 253.2K | $4.0M | 1.3% | Held |
| Q QNITY ELECTRONICS INC | Technology | 27.0K | $3.1M | 1.0% | Held |
| MTN VAIL RESORTS INC | Services media | 23.7K | $3.0M | 1.0% | Held |
| ONON ON HOLDING AG-CLASS A | Other | 84.1K | $2.9M | 0.9% | +33.3% |
| EXPE EXPEDIA GROUP INC | Industrials | 11.9K | $2.7M | 0.9% | New |
| LAD LITHIA MOTORS INC | Consumer discretionary | 10.8K | $2.7M | 0.9% | Held |
| NFLX NETFLIX INC | Services media | 26.5K | $2.5M | 0.8% | Held |
| DD DUPONT DE NEMOURS INC | Materials | 53.9K | $2.5M | 0.8% | Held |
| HALO HALOZYME THERAPEUTICS INC | Healthcare | 30.3K | $2.0M | 0.6% | New |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 3.4K | $1.6M | 0.5% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 4.4K | $1.3M | 0.4% | Held |
| UNH UNITEDHEALTH GROUP INC | Financials | 2.5K | $673K | 0.2% | Held |
| CACC CREDIT ACCEPTANCE CORP | Financials | 1.2K | $517K | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 28, 2026 | 39 | $312.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 45 | $307.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 29, 2025 | 44 | $273.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 42 | $240.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 44 | $226.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 45 | $242.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 31, 2024 | 43 | $229.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 43 | $223.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 24, 2024 | 38 | $214.8M | canonical | SEC ↗ |
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