Fjell Capital, LLC
Long book
$130.0M
Q1 2026
Positions
68
Top-10 weight
46%
concentration
Last quarter
+11.8%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsFjell Capital, LLC is an institutional manager, running a $130.0M US long book across 68 positions.
The portfolio is moderately concentrated (top 10 ≈ 46% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: DAVIS SELECT WORLDWIDE ETF, VICTORYSHARES CORE INTERMEDI, NVIDIA CORP, ISHARES BROAD USD INVESTMENT, ALPHABET INC-CL A.
Over the last 6 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 3 of 6 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
Q4 2024
-3.2%
Q1 2025
+9.7%
Q2 2025
+6.4%
Q3 2025
+2.9%
Q4 2025
-3.3%
Q1 2026
+11.8%
Sector allocation
Technology 50%
Consumer discretionary 15%
Financials 11%
Industrials 7%
Utilities 7%
Other 5%
Energy 3%
Healthcare 3%
Long book by quarter
What does Fjell Capital, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 36.6K | $6.4M | 4.9% | 0.0% |
| GOOGL ALPHABET INC-CL A | Technology | 18.2K | $5.2M | 4.0% | -0.7% |
| AVGO BROADCOM INC | Technology | 15.9K | $4.9M | 3.8% | -0.9% |
| AAPL APPLE INC | Technology | 19.1K | $4.8M | 3.7% | +1.5% |
| MSFT MICROSOFT CORP | Technology | 11.6K | $4.3M | 3.3% | +4.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 19.3K | $4.0M | 3.1% | +5.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 3.3K | $3.3M | 2.5% | +7.9% |
| KLAC KLA CORP | Other | 2.1K | $3.1M | 2.3% | -0.2% |
| META META PLATFORMS INC-CLASS A | Technology | 3.9K | $2.2M | 1.7% | +8.9% |
| JPM JPMORGAN CHASE & CO | Financials | 6.8K | $2.0M | 1.5% | +5.8% |
| WM WASTE MANAGEMENT INC | Utilities | 8.4K | $1.9M | 1.5% | +5.9% |
| CVX CHEVRON CORP | Energy | 8.6K | $1.8M | 1.4% | +3.4% |
| AMD ADVANCED MICRO DEVICES | Technology | 8.7K | $1.8M | 1.4% | +0.5% |
| NEE NEXTERA ENERGY INC | Utilities | 18.8K | $1.7M | 1.3% | +3.8% |
| MRK MERCK & CO. INC. | Healthcare | 13.9K | $1.7M | 1.3% | +3.1% |
| DE DEERE & CO | Industrials | 2.9K | $1.6M | 1.3% | +2.2% |
| RTX RTX CORP | Industrials | 7.8K | $1.5M | 1.2% | -3.1% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 8.7K | $1.4M | 1.1% | +11.9% |
| HD HOME DEPOT INC | Consumer discretionary | 4.0K | $1.3M | 1.0% | +5.3% |
| BX BLACKSTONE INC | Financials | 10.8K | $1.2M | 1.0% | +18.9% |
| ARES ARES MANAGEMENT CORP - A | Financials | 9.4K | $1.0M | 0.8% | +11.7% |
| CASY CASEY'S GENERAL STORES INC | Consumer discretionary | 1.3K | $911K | 0.7% | +42.9% |
| MRSH MARSH & MCLENNAN COS | Financials | 5.1K | $884K | 0.7% | +2.9% |
| GOOG ALPHABET INC-CL C | Technology | 2.2K | $628K | 0.5% | -0.6% |
| CRM SALESFORCE INC | Technology | 3.1K | $573K | 0.4% | +0.7% |
| DHR DANAHER CORP | Technology | 3.0K | $561K | 0.4% | +8.5% |
| UNP UNION PACIFIC CORP | Industrials | 2.2K | $543K | 0.4% | +3.6% |
| SO SOUTHERN CO/THE | Utilities | 5.4K | $518K | 0.4% | +6.3% |
| LOW LOWE'S COS INC | Consumer discretionary | 1.9K | $458K | 0.4% | -0.6% |
| KKR KKR & CO INC | Financials | 4.4K | $403K | 0.3% | -16.1% |
| AMAT APPLIED MATERIALS INC | Technology | 1.1K | $385K | 0.3% | -4.3% |
| ADBE ADOBE INC | Technology | 1.5K | $371K | 0.3% | +4.3% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 260 | $343K | 0.3% | -6.8% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 8.9K | $336K | 0.3% | +29.6% |
| CAT CATERPILLAR INC | Industrials | 442 | $313K | 0.2% | New |
| MU MICRON TECHNOLOGY INC | Technology | 820 | $277K | 0.2% | Held |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 1.1K | $253K | 0.2% | +4.8% |
| NFLX NETFLIX INC | Services media | 2.5K | $237K | 0.2% | New |
| USB US BANCORP | Financials | 4.5K | $234K | 0.2% | Held |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 581 | $227K | 0.2% | +11.5% |
| NOC NORTHROP GRUMMAN CORP | Technology | 305 | $208K | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 15, 2026 | 68 | $130.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 12, 2026 | 66 | $130.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 24, 2025 | 58 | $113.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 9, 2025 | 53 | $107.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 11, 2025 | 51 | $98.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 54 | $96.8M | canonical | SEC ↗ |
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