DCF Advisers, LLC

Fundamental diversified ★Signal CIK 1802493
League rank
#4
in Fundamental diversified · #39 overall
Long book
$265.3M
Q1 2026
Positions
72
Top-10 weight
50%
concentration
Last quarter
+51.4%
SPY +14.8%
Turnover
16%
of book per quarter

Strategy in plain words

auto-generated from filings

DCF Advisers, LLC is a diversified fundamental manager, running a $265.3M US long book across 72 positions.

The portfolio is concentrated: the top 10 names carry 50% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: MICRON TECHNOLOGY INC, ALPHABET INC-CL C, ARGENX SE - ADR, CORVUS PHARMACEUTICALS INC, TEVA PHARMACEUTICAL-SP ADR.

Over the last 9 quarters its long book ran on average 7.2pp per quarter ahead of the S&P 500, beating the index in 5 of 9 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
Q1 2024
+3.9%
Q2 2024
+3.9%
Q3 2024
-0.7%
Q4 2024
-3.2%
Q1 2025
+9.7%
Q2 2025
+20.7%
Q3 2025
+20.5%
Q4 2025
-1.3%
Q1 2026
+51.4%

Sector allocation

Technology
50%
Healthcare
31%
Financials
6%
Consumer discretionary
5%
Utilities
3%
Services media
3%
Industrials
2%
Other
0%

Long book by quarter

$162.5M
Q1 2024
$187.6M
Q2 2024
$191.8M
Q3 2024
$197.6M
Q4 2024
$185.8M
Q1 2025
$207.9M
Q2 2025
$264.0M
Q3 2025
$302.8M
Q4 2025
$265.3M
Q1 2026

What does DCF Advisers, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MU MICRON TECHNOLOGY INCTechnology150.0K$50.7M19.1%-10.3%
GOOG ALPHABET INC-CL CTechnology57.0K$16.4M6.2%Held
CRVS CORVUS PHARMACEUTICALS INCHealthcare637.5K$9.3M3.5%-12.6%
AMZN AMAZON.COM INCConsumer discretionary38.0K$7.9M3.0%+18.8%
LLY ELI LILLY & COHealthcare8.3K$7.6M2.9%Held
REGN REGENERON PHARMACEUTICALSHealthcare9.3K$7.1M2.7%-7.5%
AMD ADVANCED MICRO DEVICESTechnology29.0K$5.9M2.2%-3.3%
BAC BANK OF AMERICA CORPFinancials119.5K$5.8M2.2%Held
ET ENERGY TRANSFER LPUtilities300.5K$5.8M2.2%Held
NAMS NEWAMSTERDAM PHARMA CO NVHealthcare160.6K$5.1M1.9%Held
CSCO CISCO SYSTEMS INCTechnology55.0K$4.3M1.6%+10.0%
IONS IONIS PHARMACEUTICALS INCHealthcare56.0K$4.2M1.6%-45.6%
ORCL ORACLE CORPTechnology28.5K$4.2M1.6%Held
C CITIGROUP INCFinancials36.0K$4.1M1.5%Held
UBER UBER TECHNOLOGIES INCServices media55.0K$4.0M1.5%Held
INCY INCYTE CORPHealthcare41.5K$3.9M1.5%Held
ZM ZOOM COMMUNICATIONS INCTechnology46.5K$3.7M1.4%+53.7%
HELP CYBIN INCHealthcare692.0K$3.3M1.3%-10.8%
VRTX VERTEX PHARMACEUTICALS INCHealthcare7.0K$3.1M1.2%+16.7%
ZBH ZIMMER BIOMET HOLDINGS INCHealthcare30.5K$2.8M1.0%Held
MRVL MARVELL TECHNOLOGY INCTechnology27.5K$2.7M1.0%Held
ABX BARRICK GOLD CORPFinancials60.0K$2.4M0.9%Held
ABBV ABBVIE INCHealthcare10.8K$2.3M0.9%Held
AMGN AMGEN INCHealthcare6.0K$2.1M0.8%-55.6%
BNED BARNES & NOBLE EDUCATION INCConsumer discretionary196.9K$1.7M0.7%-8.4%
LRCX LAM RESEARCH CORPIndustrials7.5K$1.6M0.6%Held
LFCR LIFECORE BIOMEDICAL INCHealthcare424.5K$1.6M0.6%-4.0%
INTC INTEL CORPTechnology35.0K$1.5M0.6%-12.5%
AVGO BROADCOM INCTechnology4.9K$1.5M0.6%+8.3%
AAPL APPLE INCTechnology5.8K$1.5M0.6%-37.8%
LYFT LYFT INC-AServices media102.5K$1.4M0.5%-31.7%
QCOM QUALCOMM INCTechnology10.3K$1.3M0.5%Held
XNCR XENCOR INCHealthcare103.7K$1.3M0.5%-33.0%
META META PLATFORMS INC-CLASS ATechnology2.0K$1.1M0.4%Held
BHVN BIOHAVEN LTDHealthcare123.5K$1.0M0.4%-18.5%
ALLT ALLOT LTDTechnology156.5K$1.0M0.4%+117.4%
ANAB ANAPTYSBIO INCHealthcare18.8K$1.0M0.4%-46.7%
GM GENERAL MOTORS COIndustrials12.5K$931K0.4%Held
ARQ ARQ INCOther327.8K$839K0.3%+25.8%
QURE UNIQURE NVHealthcare49.0K$801K0.3%New
IMRX IMMUNEERING CORP - CLASS AHealthcare141.5K$746K0.3%-34.2%
PRTA PROTHENA CORP PLCHealthcare73.2K$712K0.3%-62.6%
LNSR LENSAR INCHealthcare118.2K$705K0.3%Held
OI O-I GLASS INCIndustrials60.0K$631K0.2%-7.3%
VRDN VIRIDIAN THERAPEUTICS INCHealthcare32.1K$629K0.2%-39.0%
TPB TURNING POINT BRANDS INCConsumer staples7.0K$608K0.2%Held
SPOT SPOTIFY TECHNOLOGY SACommunications1.3K$606K0.2%Held
MSFT MICROSOFT CORPTechnology1.5K$555K0.2%New
SNPS SYNOPSYS INCTechnology1.3K$496K0.2%New
PINS PINTEREST INC- CLASS ATechnology25.0K$459K0.2%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 11, 202686$375.1M canonicalSEC ↗
Q4 202513F-HRFeb 11, 202695$372.8M canonicalSEC ↗
Q3 202513F-HRNov 12, 202595$311.2M canonicalSEC ↗
Q2 202513F-HRAug 12, 202584$215.8M canonicalSEC ↗
Q1 202513F-HRMay 9, 202586$208.9M canonicalSEC ↗
Q4 202413F-HRFeb 11, 202587$206.7M canonicalSEC ↗
Q3 202413F-HRNov 13, 202497$250.2M canonicalSEC ↗
Q2 202413F-HRAug 12, 202494$194.1M canonicalSEC ↗
Q1 202413F-HRMay 15, 202483$203.0M canonicalSEC ↗