DLK Investment Management, LLC

Fundamental diversified ★Signal CIK 2016793
League rank
#711
in Fundamental diversified · #5776 overall
Long book
$252.9M
Q1 2026
Positions
92
Top-10 weight
40%
concentration
Last quarter
+9.2%
SPY +14.8%
Turnover
25%
of book per quarter

Strategy in plain words

auto-generated from filings

DLK Investment Management, LLC is a diversified fundamental manager, running a $252.9M US long book across 92 positions.

The portfolio is moderately concentrated (top 10 ≈ 40% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: APPLE INC, MICROSOFT CORP, ALPHABET INC-CL C, VISA INC-CLASS A SHARES, COSTCO WHOLESALE CORP.

Over the last 9 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 4 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
+2.5%
Q2 2024
+6.5%
Q3 2024
+1.4%
Q4 2024
-1.5%
Q1 2025
+5.9%
Q2 2025
+4.7%
Q3 2025
+2.9%
Q4 2025
-3.5%
Q1 2026
+9.2%

Sector allocation

Technology
31%
Industrials
17%
Consumer discretionary
15%
Healthcare
12%
Financials
9%
Services media
5%
Utilities
4%
Consumer staples
4%

Long book by quarter

$235.3M
Q1 2024
$242.0M
Q2 2024
$261.0M
Q3 2024
$239.2M
Q4 2024
$238.9M
Q1 2025
$264.6M
Q2 2025
$265.5M
Q3 2025
$268.7M
Q4 2025
$252.9M
Q1 2026

What does DLK Investment own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology62.5K$15.9M6.3%-1.0%
MSFT MICROSOFT CORPTechnology35.2K$13.0M5.1%+0.6%
GOOG ALPHABET INC-CL CTechnology40.6K$11.6M4.6%-34.4%
V VISA INC-CLASS A SHARESServices media31.1K$9.4M3.7%+1.0%
COST COSTCO WHOLESALE CORPConsumer discretionary9.4K$9.4M3.7%-2.4%
RTX RTX CORPIndustrials46.8K$9.0M3.6%-5.2%
JPM JPMORGAN CHASE & COFinancials30.4K$8.9M3.5%-0.6%
ICE INTERCONTINENTAL EXCHANGE INFinancials49.2K$7.7M3.1%+0.6%
WM WASTE MANAGEMENT INCUtilities33.4K$7.7M3.0%-0.1%
JNJ JOHNSON & JOHNSONHealthcare29.8K$7.3M2.9%-17.6%
HON HONEYWELL INTERNATIONAL INCIndustrials31.9K$7.2M2.9%-0.3%
AMGN AMGEN INCHealthcare20.4K$7.2M2.8%-2.9%
WMT WALMART INCConsumer discretionary54.9K$6.8M2.7%-25.1%
ITW ILLINOIS TOOL WORKSIndustrials25.2K$6.6M2.6%-0.1%
ADBE ADOBE INCTechnology25.4K$6.2M2.4%+181.0%
TSLA TESLA INCIndustrials16.2K$6.0M2.4%0.0%
AMZN AMAZON.COM INCConsumer discretionary28.8K$6.0M2.4%0.0%
NVDA NVIDIA CORPTechnology33.4K$5.8M2.3%-1.4%
PEP PEPSICO INCConsumer staples35.7K$5.5M2.2%-0.3%
ABT ABBOTT LABORATORIESHealthcare52.9K$5.4M2.1%+3.1%
SCHW SCHWAB (CHARLES) CORPFinancials56.2K$5.3M2.1%-1.5%
HD HOME DEPOT INCConsumer discretionary15.8K$5.2M2.0%+1.7%
MCD MCDONALD'S CORPConsumer discretionary16.6K$5.1M2.0%0.0%
DHR DANAHER CORPTechnology26.8K$5.1M2.0%+2.4%
RACE FERRARI NVIndustrials14.9K$5.0M2.0%New
CSCO CISCO SYSTEMS INCTechnology63.7K$4.9M2.0%-2.0%
MDT MEDTRONIC PLCHealthcare55.8K$4.8M1.9%+0.2%
DE DEERE & COIndustrials8.4K$4.7M1.9%-2.1%
CMG CHIPOTLE MEXICAN GRILL INCConsumer discretionary138.7K$4.4M1.8%+94.8%
META META PLATFORMS INC-CLASS ATechnology7.7K$4.4M1.8%-1.2%
LIN LINDE PLCMaterials8.7K$4.3M1.7%-0.1%
BDX BECTON DICKINSON AND COHealthcare24.8K$3.9M1.5%+7.0%
MKC MCCORMICK & CO-NON VTG SHRSConsumer staples71.7K$3.6M1.4%+5.7%
QCOM QUALCOMM INCTechnology26.5K$3.4M1.3%-1.7%
TXN TEXAS INSTRUMENTS INCTechnology16.3K$3.2M1.2%0.0%
NFLX NETFLIX INCServices media21.1K$2.0M0.8%+0.2%
GEV GE VERNOVA INCIndustrials1.7K$1.5M0.6%+0.7%
SRE SEMPRAUtilities13.6K$1.3M0.5%-0.4%
GE GENERAL ELECTRICIndustrials4.4K$1.3M0.5%-9.3%
DGX QUEST DIAGNOSTICS INCHealthcare5.2K$1.0M0.4%Held
GOOGL ALPHABET INC-CL ATechnology3.0K$858K0.3%-29.5%
CR CRANE COIndustrials4.7K$796K0.3%-9.7%
AMAT APPLIED MATERIALS INCTechnology2.3K$786K0.3%-0.3%
IBM INTL BUSINESS MACHINES CORPTechnology3.0K$739K0.3%-3.2%
XOM EXXON MOBIL CORPEnergy3.9K$660K0.3%Held
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials1.3K$623K0.2%Held
REGN REGENERON PHARMACEUTICALSHealthcare765$591K0.2%Held
CVX CHEVRON CORPEnergy2.5K$509K0.2%+0.2%
ETN EATON CORP PLCIndustrials1.4K$486K0.2%+0.4%
MA MASTERCARD INC - AServices media965$482K0.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 15, 202692$252.9M canonicalSEC ↗
Q4 202513F-HRJan 14, 202688$268.7M canonicalSEC ↗
Q3 202513F-HROct 14, 202590$265.5M canonicalSEC ↗
Q2 202513F-HRJul 9, 202590$264.6M canonicalSEC ↗
Q1 202513F-HRApr 23, 202587$238.9M canonicalSEC ↗
Q4 202413F-HRJan 16, 202589$239.2M canonicalSEC ↗
Q3 202413F-HROct 9, 2024113$261.0M canonicalSEC ↗
Q2 202413F-HRAug 5, 2024111$242.0M canonicalSEC ↗
Q1 202413F-HRApr 12, 2024109$235.3M canonicalSEC ↗