Enhancing Capital LLC

Fundamental diversified ★Signal CIK 1909572
League rank
#755
in Fundamental diversified · #6289 overall
Long book
$134.8M
Q1 2026
Positions
86
Top-10 weight
42%
concentration
Last quarter
+8.3%
SPY +14.8%
Turnover
8%
of book per quarter

Strategy in plain words

auto-generated from filings

Enhancing Capital LLC is a diversified fundamental manager, running a $134.8M US long book across 86 positions.

The portfolio is moderately concentrated (top 10 ≈ 42% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: MICROSOFT CORP, ELI LILLY & CO, NVIDIA CORP, JPMORGAN CHASE & CO, NEXTERA ENERGY INC.

Over the last 6 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 3 of 6 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
Q4 2024
-0.1%
Q1 2025
+5.5%
Q2 2025
+7.3%
Q3 2025
+3.7%
Q4 2025
+0.2%
Q1 2026
+8.3%

Sector allocation

Technology
24%
Utilities
17%
Healthcare
14%
Consumer discretionary
12%
Financials
11%
Industrials
8%
Energy
6%
Services media
4%

Long book by quarter

$125.4M
Q4 2024
$125.0M
Q1 2025
$131.1M
Q2 2025
$136.7M
Q3 2025
$139.8M
Q4 2025
$134.8M
Q1 2026

What does Enhancing Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MSFT MICROSOFT CORPTechnology25.1K$9.3M6.9%Held
LLY ELI LILLY & COHealthcare8.3K$7.6M5.7%Held
NVDA NVIDIA CORPTechnology42.5K$7.4M5.5%-0.1%
JPM JPMORGAN CHASE & COFinancials23.0K$6.8M5.0%Held
NEE NEXTERA ENERGY INCUtilities51.6K$4.8M3.6%Held
CVX CHEVRON CORPEnergy20.4K$4.2M3.1%Held
AEP AMERICAN ELECTRIC POWERUtilities30.3K$4.0M2.9%Held
JNJ JOHNSON & JOHNSONHealthcare15.6K$3.8M2.8%Held
CMI CUMMINS INCIndustrials7.0K$3.8M2.8%0.0%
COST COSTCO WHOLESALE CORPConsumer discretionary3.6K$3.5M2.6%Held
AMZN AMAZON.COM INCConsumer discretionary16.0K$3.3M2.5%+10.7%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials6.7K$3.2M2.4%Held
WM WASTE MANAGEMENT INCUtilities13.1K$3.0M2.2%Held
RTX RTX CORPIndustrials15.3K$2.9M2.2%Held
MRK MERCK & CO. INC.Healthcare22.1K$2.7M2.0%Held
CSCO CISCO SYSTEMS INCTechnology33.2K$2.6M1.9%Held
TXN TEXAS INSTRUMENTS INCTechnology13.0K$2.5M1.9%Held
LNT ALLIANT ENERGY CORPUtilities31.6K$2.3M1.7%Held
BMY BRISTOL-MYERS SQUIBB COHealthcare37.3K$2.3M1.7%Held
WMT WALMART INCConsumer discretionary16.5K$2.1M1.5%Held
FULT FULTON FINANCIAL CORPFinancials95.8K$1.9M1.4%Held
XOM EXXON MOBIL CORPEnergy11.2K$1.9M1.4%Held
SRE SEMPRAUtilities18.6K$1.8M1.3%Held
CNM CORE & MAIN INC-CLASS AConsumer discretionary36.3K$1.8M1.3%0.0%
GOOGL ALPHABET INC-CL ATechnology6.1K$1.8M1.3%Held
V VISA INC-CLASS A SHARESServices media5.5K$1.7M1.2%Held
GRMN GARMIN LTDTechnology6.9K$1.6M1.2%Held
ET ENERGY TRANSFER LPUtilities80.6K$1.6M1.2%Held
ORCL ORACLE CORPTechnology10.0K$1.5M1.1%Held
COP CONOCOPHILLIPSEnergy10.9K$1.4M1.1%Held
LHX L3HARRIS TECHNOLOGIES INCTechnology4.0K$1.4M1.0%Held
WEC WEC ENERGY GROUP INCUtilities11.7K$1.4M1.0%Held
MA MASTERCARD INC - AServices media2.5K$1.2M0.9%+11.3%
XEL XCEL ENERGY INCUtilities15.5K$1.2M0.9%Held
HON HONEYWELL INTERNATIONAL INCIndustrials5.4K$1.2M0.9%Held
MCD MCDONALD'S CORPConsumer discretionary3.7K$1.1M0.9%Held
DIS WALT DISNEY CO/THEServices media10.0K$964K0.7%Held
LNKB LINKBANCORP INC114.9K$959K0.7%Held
KO COCA-COLA CO/THEConsumer staples12.2K$930K0.7%Held
ESE ESCO TECHNOLOGIES INCTechnology3.3K$927K0.7%Held
MCO MOODY'S CORPServices media2.0K$873K0.6%Held
AAPL APPLE INCTechnology3.3K$847K0.6%Held
PPL PPL CORPUtilities20.9K$798K0.6%Held
BLD* TOPBUILD CORP2.2K$789K0.6%Held
MEDP MEDPACE HOLDINGS INCHealthcare1.5K$702K0.5%Held
TROW T ROWE PRICE GROUP INCFinancials7.7K$690K0.5%Held
MAR MARRIOTT INTERNATIONAL -CL AServices media2.0K$654K0.5%Held
PEG PUBLIC SERVICE ENTERPRISE GPUtilities8.0K$648K0.5%Held
DPZ DOMINO'S PIZZA INCConsumer discretionary1.8K$635K0.5%Held
RACE FERRARI NVIndustrials1.8K$619K0.5%+0.1%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 8, 202686$134.8M canonicalSEC ↗
Q4 202513F-HRFeb 3, 202689$139.8M canonicalSEC ↗
Q3 202513F-HRNov 13, 202587$136.7M canonicalSEC ↗
Q2 202513F-HRJul 11, 202592$131.1M canonicalSEC ↗
Q1 202513F-HRMay 13, 202591$125.0M canonicalSEC ↗
Q4 202413F-HRFeb 11, 202590$125.5M canonicalSEC ↗