Fortis Capital Management LLC

Other Low signal technology specialist (63%) CIK 1802167
League rank
#822
in Other · #2811 overall
Long book
$747.5M
Q1 2026
Positions
206
Top-10 weight
44%
concentration
Last quarter
+12.8%
SPY +14.8%
Turnover
19%
of book per quarter

Strategy in plain words

auto-generated from filings

Fortis Capital Management LLC is an institutional manager, specialised in technology (63% of the long book), running a $747.5M US long book across 206 positions.

The portfolio is moderately concentrated (top 10 ≈ 44% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: MICROSOFT CORP, SCHWAB US LARGE-CAP ETF, NVIDIA CORP, AMAZON.COM INC, APPLE INC.

Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 1 of 9 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
Q1 2024
+3.9%
Q2 2024
+3.5%
Q3 2024
+2.4%
Q4 2024
-6.0%
Q1 2025
+16.1%
Q2 2025
+5.9%
Q3 2025
-0.1%
Q4 2025
-9.3%
Q1 2026
+12.8%

Sector allocation

Technology
65%
Services media
11%
Consumer discretionary
7%
Industrials
6%
Healthcare
5%
Financials
4%
Communications
1%
Energy
0%

Long book by quarter

$381.3M
Q1 2024
$468.9M
Q2 2024
$496.5M
Q3 2024
$538.0M
Q4 2024
$514.2M
Q1 2025
$642.0M
Q2 2025
$710.3M
Q3 2025
$753.5M
Q4 2025
$747.5M
Q1 2026

What does Fortis Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MSFT MICROSOFT CORPTechnology358.4K$132.7M17.7%+13.4%
NVDA NVIDIA CORPTechnology177.0K$30.9M4.1%+7.5%
AMZN AMAZON.COM INCConsumer discretionary125.4K$26.1M3.5%+20.9%
AAPL APPLE INCTechnology84.0K$21.3M2.9%+17.2%
GOOG ALPHABET INC-CL CTechnology57.6K$16.5M2.2%-7.5%
AVGO BROADCOM INCTechnology47.6K$14.7M2.0%+3.5%
META META PLATFORMS INC-CLASS ATechnology24.2K$13.9M1.9%+11.1%
AMD ADVANCED MICRO DEVICESTechnology53.2K$10.8M1.4%+2.8%
NFLX NETFLIX INCServices media111.2K$10.7M1.4%+3.2%
GEV GE VERNOVA INCIndustrials12.1K$10.6M1.4%+3.8%
TSLA TESLA INCIndustrials26.3K$9.8M1.3%+2.8%
ANET ARISTA NETWORKS INCTechnology72.6K$8.9M1.2%-3.4%
LLY ELI LILLY & COHealthcare8.8K$8.1M1.1%+1.3%
SHOP SHOPIFY INC - CLASS ATechnology64.2K$7.6M1.0%-3.5%
MA MASTERCARD INC - AServices media14.4K$7.2M1.0%+3.5%
V VISA INC-CLASS A SHARESServices media23.8K$7.2M1.0%+2.3%
CDNS CADENCE DESIGN SYS INCTechnology25.0K$6.9M0.9%+4.7%
MELI MERCADOLIBRE INCServices media4.0K$6.9M0.9%-0.1%
UBER UBER TECHNOLOGIES INCServices media95.8K$6.9M0.9%+4.2%
PANW PALO ALTO NETWORKS INCTechnology41.7K$6.7M0.9%+4.4%
RMD RESMED INCHealthcare28.7K$6.4M0.9%+2.5%
TKO TKO GROUP HOLDINGS INCServices media29.9K$6.0M0.8%New
CRM SALESFORCE INCTechnology30.7K$5.7M0.8%+10.9%
ADSK AUTODESK INCTechnology23.5K$5.6M0.8%+4.3%
APO APOLLO GLOBAL MANAGEMENT INCFinancials49.6K$5.5M0.7%New
SPOT SPOTIFY TECHNOLOGY SACommunications11.4K$5.5M0.7%+2618.1%
BSX BOSTON SCIENTIFIC CORPHealthcare86.7K$5.4M0.7%+102.6%
NOW SERVICENOW INCTechnology48.9K$5.1M0.7%+1.2%
BX BLACKSTONE INCFinancials43.0K$4.9M0.7%New
FICO FAIR ISAAC CORPServices media4.3K$4.5M0.6%+2.7%
ADBE ADOBE INCTechnology16.9K$4.1M0.5%-14.8%
GOOGL ALPHABET INC-CL ATechnology13.0K$3.7M0.5%-1.7%
COST COSTCO WHOLESALE CORPConsumer discretionary2.0K$2.0M0.3%+6.8%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials3.9K$1.9M0.3%-75.2%
IBM INTL BUSINESS MACHINES CORPTechnology6.6K$1.6M0.2%+72.1%
ABBV ABBVIE INCHealthcare7.2K$1.6M0.2%+5.6%
JNJ JOHNSON & JOHNSONHealthcare6.3K$1.5M0.2%+10.5%
BA BOEING CO/THEIndustrials6.3K$1.3M0.2%+17.8%
CAT CATERPILLAR INCIndustrials1.8K$1.3M0.2%+236.2%
AMGN AMGEN INCHealthcare3.4K$1.2M0.2%+33.0%
ET ENERGY TRANSFER LPUtilities56.5K$1.1M0.1%+13.2%
TMUS T-MOBILE US INCCommunications5.1K$1.1M0.1%-84.1%
JPM JPMORGAN CHASE & COFinancials3.2K$942K0.1%+6.4%
STXN SEAGATE TECHNOLOGY HOLDINGS2.4K$924K0.1%-7.8%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology6.3K$923K0.1%-29.5%
PEP PEPSICO INCConsumer staples5.9K$910K0.1%+46.2%
HD HOME DEPOT INCConsumer discretionary2.7K$891K0.1%-0.4%
DIS WALT DISNEY CO/THEServices media8.9K$855K0.1%-77.6%
ADI ANALOG DEVICES INCTechnology2.7K$844K0.1%-0.2%
MSI MOTOROLA SOLUTIONS INCTechnology1.9K$844K0.1%+0.4%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 12, 2026211$976.9M canonicalSEC ↗
Q4 202513F-HRFeb 13, 2026206$756.1M canonicalSEC ↗
Q3 202513F-HRNov 10, 2025178$711.6M canonicalSEC ↗
Q2 202513F-HRAug 12, 2025172$642.4M canonicalSEC ↗
Q1 202513F-HRMay 9, 2025154$514.2M canonicalSEC ↗
Q4 202413F-HRFeb 11, 2025134$540.9M canonicalSEC ↗
Q3 202413F-HRNov 6, 2024130$496.5M canonicalSEC ↗
Q2 202413F-HRJul 23, 2024128$468.9M canonicalSEC ↗
Q1 202413F-HRApr 30, 2024117$381.3M canonicalSEC ↗