Core Alternative Capital
Long book
$338.7M
Q1 2026
Positions
205
Top-10 weight
33%
concentration
Last quarter
+11.9%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsCore Alternative Capital is an institutional manager, running a $338.7M US long book across 205 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, MICROSOFT CORP, ALPHABET INC-CL C, JPMORGAN CHASE & CO, EXXON MOBIL CORP.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 4 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
+0.9%
Q2 2024
+7.6%
Q3 2024
-2.0%
Q4 2024
+0.0%
Q1 2025
+3.4%
Q2 2025
+7.1%
Q3 2025
+3.5%
Q4 2025
-2.0%
Q1 2026
+11.9%
Sector allocation
Technology 33%
Consumer discretionary 13%
Financials 13%
Healthcare 9%
Industrials 6%
Services media 6%
Energy 5%
Utilities 5%
Long book by quarter
What does Core Alternative own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 80.6K | $20.5M | 6.0% | -6.0% |
| MSFT MICROSOFT CORP | Technology | 43.0K | $15.9M | 4.7% | -4.0% |
| GOOG ALPHABET INC-CL C | Technology | 53.0K | $15.2M | 4.5% | -11.2% |
| JPM JPMORGAN CHASE & CO | Financials | 35.7K | $10.5M | 3.1% | -22.6% |
| XOM EXXON MOBIL CORP | Energy | 58.8K | $10.0M | 2.9% | -14.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 39.3K | $9.6M | 2.8% | -4.2% |
| WMT WALMART INC | Consumer discretionary | 66.4K | $8.3M | 2.4% | -18.9% |
| LLY ELI LILLY & CO | Healthcare | 8.5K | $7.8M | 2.3% | -3.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 36.1K | $7.5M | 2.2% | -2.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 13.5K | $6.5M | 1.9% | -8.4% |
| TJX TJX COMPANIES INC | Consumer discretionary | 40.2K | $6.4M | 1.9% | -4.1% |
| CVX CHEVRON CORP | Energy | 30.7K | $6.4M | 1.9% | -5.5% |
| AMD ADVANCED MICRO DEVICES | Technology | 31.0K | $6.3M | 1.9% | -7.9% |
| GOOGL ALPHABET INC-CL A | Technology | 21.7K | $6.2M | 1.8% | -5.8% |
| SO SOUTHERN CO/THE | Utilities | 61.7K | $6.0M | 1.8% | -7.1% |
| NEE NEXTERA ENERGY INC | Utilities | 59.4K | $5.5M | 1.6% | -7.3% |
| WM WASTE MANAGEMENT INC | Utilities | 23.6K | $5.4M | 1.6% | -7.9% |
| LMT LOCKHEED MARTIN CORP | Industrials | 8.8K | $5.3M | 1.6% | -8.2% |
| CB CHUBB LTD | Financials | 16.2K | $5.3M | 1.6% | -7.1% |
| CME CME GROUP INC | Financials | 17.9K | $5.3M | 1.6% | -5.8% |
| MRK MERCK & CO. INC. | Healthcare | 43.8K | $5.3M | 1.6% | -4.3% |
| NEM NEWMONT CORP | Materials | 48.4K | $5.2M | 1.5% | -22.2% |
| V VISA INC-CLASS A SHARES | Services media | 17.0K | $5.1M | 1.5% | -1.1% |
| MS MORGAN STANLEY | Financials | 31.1K | $5.1M | 1.5% | -6.6% |
| MCD MCDONALD'S CORP | Consumer discretionary | 16.0K | $5.0M | 1.5% | -5.1% |
| CTRA COTERRA ENERGY INC | — | 138.8K | $4.9M | 1.4% | -6.0% |
| PG PROCTER & GAMBLE CO/THE | Other | 32.8K | $4.7M | 1.4% | -5.0% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 14.7K | $4.7M | 1.4% | -0.3% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 13.1K | $4.5M | 1.3% | -6.4% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 15.1K | $4.4M | 1.3% | -7.5% |
| CSCO CISCO SYSTEMS INC | Technology | 56.0K | $4.3M | 1.3% | -4.1% |
| MDT MEDTRONIC PLC | Healthcare | 49.8K | $4.3M | 1.3% | -6.0% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 20.4K | $4.3M | 1.3% | -3.2% |
| META META PLATFORMS INC-CLASS A | Technology | 7.4K | $4.2M | 1.2% | +104.1% |
| ADBE ADOBE INC | Technology | 17.0K | $4.1M | 1.2% | -13.3% |
| DHI DR HORTON INC | Industrials | 28.2K | $3.9M | 1.1% | -4.5% |
| NTAP NETAPP INC | Technology | 36.7K | $3.8M | 1.1% | -5.9% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 71.4K | $3.6M | 1.1% | -5.3% |
| QCOM QUALCOMM INC | Technology | 27.4K | $3.5M | 1.0% | -4.4% |
| NVDA NVIDIA CORP | Technology | 19.7K | $3.4M | 1.0% | +16.0% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 13.7K | $3.3M | 1.0% | +0.4% |
| ITW ILLINOIS TOOL WORKS | Industrials | 11.8K | $3.1M | 0.9% | -6.0% |
| MOS MOSAIC CO/THE | Other | 119.2K | $3.0M | 0.9% | -6.3% |
| AFL AFLAC INC | Financials | 27.7K | $3.0M | 0.9% | -6.1% |
| BR BROADRIDGE FINANCIAL SOLUTIO | Services media | 18.7K | $3.0M | 0.9% | -5.9% |
| PANW PALO ALTO NETWORKS INC | Technology | 18.2K | $2.9M | 0.9% | -1.7% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 6.3K | $2.7M | 0.8% | -1.9% |
| NOW SERVICENOW INC | Technology | 25.6K | $2.7M | 0.8% | +3288.7% |
| GPC GENUINE PARTS CO | Consumer discretionary | 25.0K | $2.6M | 0.8% | -7.1% |
| PAYX PAYCHEX INC | Services media | 26.1K | $2.4M | 0.7% | -8.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 30, 2026 | 205 | $338.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 213 | $362.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 3, 2025 | 340 | $344.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 345 | $365.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 345 | $416.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 360 | $478.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 362 | $517.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 16, 2024 | 363 | $500.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 354 | $558.1M | canonical | SEC ↗ |
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