Future Fund LLC

Fundamental diversified ★Signal CIK 1911970
League rank
#293
in Fundamental diversified · #1316 overall
Long book
$284.4M
Q1 2026
Positions
127
Top-10 weight
18%
concentration
Last quarter
+15.7%
SPY +14.8%
Turnover
21%
of book per quarter

Strategy in plain words

auto-generated from filings

Future Fund LLC is a diversified fundamental manager, running a $284.4M US long book across 127 positions.

The portfolio is broadly diversified across 127 positions (top 10 only 18%). Turnover is modest: positions are typically held for years. Current anchor positions: MILLICOM INTL CELLULAR S.A., BWX TECHNOLOGIES INC, HALOZYME THERAPEUTICS INC, TECHNIPFMC PLC, NVIDIA CORP.

Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 6 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
+3.2%
Q2 2024
-2.1%
Q3 2024
+6.8%
Q4 2024
-2.9%
Q1 2025
+12.0%
Q2 2025
+8.3%
Q3 2025
+2.0%
Q4 2025
-4.3%
Q1 2026
+15.7%

Sector allocation

Technology
19%
Healthcare
17%
Industrials
15%
Services media
12%
Financials
11%
Other
10%
Consumer discretionary
9%
Communications
3%

Long book by quarter

$12.3M
Q1 2024
$39.8M
Q2 2024
$34.6M
Q3 2024
$35.0M
Q4 2024
$77.8M
Q1 2025
$224.0M
Q2 2025
$283.4M
Q3 2025
$315.9M
Q4 2025
$284.4M
Q1 2026

What does Future Fund own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
TIGO MILLICOM INTL CELLULAR S.A.Communications91.4K$6.9M2.4%+12.6%
BWXT BWX TECHNOLOGIES INCIndustrials32.8K$6.7M2.4%+168.7%
HALO HALOZYME THERAPEUTICS INCHealthcare95.1K$6.1M2.2%+14.6%
FTI TECHNIPFMC PLCIndustrials77.4K$5.3M1.9%-30.4%
NVDA NVIDIA CORPTechnology27.7K$4.8M1.7%+60.9%
GMED GLOBUS MEDICAL INC - AHealthcare52.2K$4.5M1.6%+27.2%
IONS IONIS PHARMACEUTICALS INCHealthcare58.7K$4.4M1.6%+28.1%
ONTO ONTO INNOVATION INCOther21.3K$4.4M1.5%+44.6%
YETI YETI HOLDINGS INCOther118.6K$4.3M1.5%+7.8%
GH GUARDANT HEALTH INCHealthcare46.5K$4.3M1.5%+26.2%
HQY HEALTHEQUITY INCServices media50.6K$4.2M1.5%+14.1%
TTEK TETRA TECH INCServices media137.3K$4.1M1.5%+54.6%
COHR COHERENT CORPOther17.2K$4.1M1.4%+102.6%
WMS ADVANCED DRAINAGE SYSTEMS INOther27.3K$3.7M1.3%+27.1%
NCLH NORWEGIAN CRUISE LINE HOLDINIndustrials197.6K$3.7M1.3%New
GOOGL ALPHABET INC-CL ATechnology12.8K$3.7M1.3%-4.0%
IDCC INTERDIGITAL INCFinancials12.1K$3.7M1.3%+51.5%
AMZN AMAZON.COM INCConsumer discretionary17.5K$3.6M1.3%+2.9%
KTOS KRATOS DEFENSE & SECURITYIndustrials51.1K$3.6M1.3%+182.8%
AAPL APPLE INCTechnology14.0K$3.6M1.3%+0.6%
FCFS FIRSTCASH HOLDINGS INCConsumer discretionary18.9K$3.6M1.2%+27.1%
MRCY MERCURY SYSTEMS INCTechnology48.6K$3.5M1.2%+66.1%
DKNG DRAFTKINGS INC-CL AServices media163.9K$3.5M1.2%+51.0%
WTFC WINTRUST FINANCIAL CORPFinancials24.8K$3.4M1.2%+26.8%
GPRE GREEN PLAINS INCOther205.9K$3.4M1.2%-14.5%
NTRA NATERA INCHealthcare16.9K$3.4M1.2%+26.9%
P EVERPURE INC-ATechnology56.4K$3.3M1.2%+171.9%
LRN STRIDE INCServices media37.5K$3.3M1.2%+38.7%
CRS CARPENTER TECHNOLOGYIndustrials8.3K$3.3M1.1%+50.5%
OSK OSHKOSH CORPIndustrials21.8K$3.2M1.1%+46.5%
KNF KNIFE RIVER CORPMaterials38.4K$3.1M1.1%+26.9%
RH RHConsumer discretionary21.6K$3.0M1.1%+35.5%
RMBS RAMBUS INCTechnology34.4K$3.0M1.0%New
CELH CELSIUS HOLDINGS INCConsumer staples82.8K$2.9M1.0%+38.7%
SXI STANDEX INTERNATIONAL CORPIndustrials11.3K$2.9M1.0%New
WYNN WYNN RESORTS LTDServices media28.3K$2.9M1.0%+26.9%
AVGO BROADCOM INCTechnology9.2K$2.9M1.0%New
WGS GENEDX HOLDINGS CORPHealthcare43.9K$2.8M1.0%+264.0%
LGND LIGAND PHARMACEUTICALSHealthcare13.8K$2.8M1.0%+49.1%
WTS WATTS WATER TECHNOLOGIES-AIndustrials9.4K$2.7M1.0%+26.1%
OLED UNIVERSAL DISPLAY CORPTechnology29.7K$2.7M1.0%+74.9%
SNEX STONEX GROUP INCFinancials33.7K$2.7M1.0%+89.8%
FN FABRINETTechnology5.2K$2.7M1.0%+28.2%
ESE ESCO TECHNOLOGIES INCTechnology9.3K$2.6M0.9%+26.2%
CAKE CHEESECAKE FACTORY INC/THEConsumer discretionary47.7K$2.6M0.9%+27.6%
SXT SENSIENT TECHNOLOGIES CORPOther28.4K$2.5M0.9%+27.5%
PANW PALO ALTO NETWORKS INCTechnology14.8K$2.4M0.8%+15.7%
VSEC VSE CORPServices media12.8K$2.4M0.8%New
CPRX CATALYST PHARMACEUTICALS INCHealthcare94.7K$2.3M0.8%+26.3%
PIPR PIPER SANDLER COSFinancials29.9K$2.3M0.8%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 6, 2026127$284.4M canonicalSEC ↗
Q4 202513F-HRFeb 10, 2026143$315.9M canonicalSEC ↗
Q3 202513F-HRNov 12, 2025170$283.4M canonicalSEC ↗
Q2 202513F-HRAug 7, 2025170$224.0M canonicalSEC ↗
Q1 202513F-HRMay 15, 202580$77.8M canonicalSEC ↗
Q4 202413F-HRFeb 7, 202531$35.0M canonicalSEC ↗
Q3 202413F-HRNov 5, 202430$34.6M canonicalSEC ↗
Q2 202413F-HRAug 14, 202433$39.8M canonicalSEC ↗
Q1 202413F-HRMay 15, 202428$12.3M canonicalSEC ↗