DBA TRADING, LLC
Long book
$201.3M
Q1 2026
Positions
39
Top-10 weight
89%
concentration
Last quarter
+30.9%
SPY +14.8%
Turnover
45%
of book per quarter
Strategy in plain words
auto-generated from filingsDBA TRADING, LLC is a concentrated fundamental stock-picker, specialised in technology (78% of the long book), running a $201.3M US long book across 39 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: APPLIED DIGITAL CORP, BRC GROUP HOLDINGS INC, ALPHABET INC-CL C, SEQUANS COMMUNICATIONS-ADR, MICROSOFT CORP.
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 2025
-1.7%
Q1 2026
+30.9%
Sector allocation
Technology 77%
Financials 14%
Services media 3%
Materials 2%
Other 1%
Consumer discretionary 1%
Industrials 1%
Energy 1%
Long book by quarter
What does DBA TRADING, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| APLD APPLIED DIGITAL CORP | Technology | 5.6M | $132.4M | 65.8% | New |
| RILY BRC GROUP HOLDINGS INC | Financials | 3.2M | $23.6M | 11.7% | +1207.6% |
| GOOG ALPHABET INC-CL C | Technology | 19.6K | $5.6M | 2.8% | New |
| MSFT MICROSOFT CORP | Technology | 8.6K | $3.2M | 1.6% | +91.1% |
| GOOGL ALPHABET INC-CL A | Technology | 10.2K | $2.9M | 1.5% | New |
| GSM FERROGLOBE PLC | Materials | 460.0K | $1.9M | 0.9% | -11.4% |
| DRVN DRIVEN BRANDS HOLDINGS INC | Services media | 150.0K | $1.9M | 0.9% | +114.3% |
| OLN OLIN CORP | Materials | 60.0K | $1.8M | 0.9% | +33.3% |
| MGNI MAGNITE INC | Technology | 150.0K | $1.8M | 0.9% | +172.7% |
| KBDC KAYNE ANDERSON BDC INC | — | 122.0K | $1.7M | 0.8% | New |
| AMN AMN HEALTHCARE SERVICES INC | Services media | 87.0K | $1.6M | 0.8% | +13.0% |
| SMCI SUPER MICRO COMPUTER INC | Technology | 58.0K | $1.3M | 0.7% | New |
| GEL GENESIS ENERGY L.P. | Energy | 72.5K | $1.3M | 0.6% | Held |
| EEFT EURONET WORLDWIDE INC | Financials | 18.5K | $1.2M | 0.6% | +23.3% |
| IREN IREN LTD | Financials | 35.7K | $1.2M | 0.6% | New |
| MSTR STRATEGY INC | Financials | 9.2K | $1.1M | 0.6% | Held |
| NVDA NVIDIA CORP | Technology | 6.0K | $1.0M | 0.5% | +200.0% |
| AMTM AMENTUM HOLDINGS INC | Services media | 31.2K | $814K | 0.4% | Held |
| XPOF XPONENTIAL FITNESS INC-A | Services media | 132.9K | $800K | 0.4% | Held |
| RYZ RYERSON HOLDING CORP | Consumer discretionary | 35.0K | $787K | 0.4% | Held |
| REAX REAL BROKERAGE INC/THE | Real estate | 300.0K | $750K | 0.4% | New |
| GLNG GOLAR LNG LTD | Industrials | 12.0K | $649K | 0.3% | New |
| GME GAMESTOP CORP-CLASS A | Consumer discretionary | 28.0K | $645K | 0.3% | New |
| EFXT ENERFLEX LTD | Industrials | 24.0K | $502K | 0.2% | Held |
| BYND BEYOND MEAT INC | Consumer staples | 681.4K | $478K | 0.2% | +1.5% |
| ALAB ASTERA LABS INC | Technology | 3.4K | $373K | 0.2% | New |
| ACVA ACV AUCTIONS INC-A | Services media | 70.0K | $297K | 0.1% | Held |
| LFCR LIFECORE BIOMEDICAL INC | Healthcare | 75.0K | $279K | 0.1% | Held |
| OEC ORION SA | Other | 39.5K | $257K | 0.1% | Held |
| CVNA CARVANA CO | Consumer discretionary | 800 | $252K | 0.1% | -92.4% |
| CRWV COREWEAVE INC-CL A | Technology | 3.0K | $232K | 0.1% | +7.1% |
| CDZI CADIZ INC | Utilities | 46.0K | $226K | 0.1% | -66.6% |
| CRCL CIRCLE INTERNET GROUP INC | Financials | 2.2K | $210K | 0.1% | -26.7% |
| JBI JANUS INTERNATIONAL GROUP IN | Industrials | 40.0K | $206K | 0.1% | New |
| AMC AMC ENTERTAINMENT HLDS-CL A | Services media | 142.0K | $139K | 0.1% | +62.1% |
| INTC INTEL CORP | Technology | 1.8K | $79K | 0.0% | New |