GAMMA Investing LLC
Long book
$2.14B
Q1 2026
Positions
4110
Top-10 weight
25%
concentration
Last quarter
+13.5%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsGAMMA Investing LLC is a mechanically diversified allocator, running a $2.14B US long book across 4110 positions.
The portfolio is broadly diversified across 4110 positions (top 10 only 25%). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
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
+6.2%
Q3 2024
+1.1%
Q4 2024
-3.2%
Q1 2025
+9.7%
Q2 2025
+7.6%
Q3 2025
+2.3%
Q4 2025
-2.3%
Q1 2026
+13.5%
Sector allocation
Technology 35%
Financials 12%
Industrials 12%
Consumer discretionary 9%
Healthcare 8%
Services media 5%
Utilities 4%
Energy 4%
Long book by quarter
What does GAMMA Investing own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 623.7K | $108.8M | 5.1% | +6.1% |
| AAPL APPLE INC | Technology | 373.4K | $94.8M | 4.4% | +4.8% |
| MSFT MICROSOFT CORP | Technology | 179.7K | $66.5M | 3.1% | +1.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 229.6K | $47.8M | 2.2% | +5.4% |
| GOOGL ALPHABET INC-CL A | Technology | 155.5K | $44.7M | 2.1% | +9.8% |
| AVGO BROADCOM INC | Technology | 136.7K | $42.3M | 2.0% | +6.6% |
| GOOG ALPHABET INC-CL C | Technology | 123.3K | $35.4M | 1.7% | +8.6% |
| JPM JPMORGAN CHASE & CO | Financials | 107.1K | $31.5M | 1.5% | +1.6% |
| META META PLATFORMS INC-CLASS A | Technology | 52.1K | $29.8M | 1.4% | +6.8% |
| TSLA TESLA INC | Industrials | 62.3K | $23.2M | 1.1% | +3.6% |
| LLY ELI LILLY & CO | Healthcare | 22.6K | $20.8M | 1.0% | +3.6% |
| XOM EXXON MOBIL CORP | Energy | 121.5K | $20.6M | 1.0% | +15.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 41.8K | $20.0M | 0.9% | +10.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 72.0K | $17.6M | 0.8% | +16.6% |
| WMT WALMART INC | Consumer discretionary | 140.5K | $17.5M | 0.8% | +9.1% |
| V VISA INC-CLASS A SHARES | Services media | 52.6K | $15.9M | 0.7% | +8.2% |
| ABBV ABBVIE INC | Healthcare | 62.9K | $13.7M | 0.6% | +3.5% |
| NFLX NETFLIX INC | Services media | 123.5K | $11.9M | 0.6% | +15.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 11.8K | $11.8M | 0.5% | +25.1% |
| MRK MERCK & CO. INC. | Healthcare | 89.3K | $10.7M | 0.5% | +10.7% |
| HD HOME DEPOT INC | Consumer discretionary | 32.5K | $10.7M | 0.5% | +4.1% |
| CVX CHEVRON CORP | Energy | 50.5K | $10.4M | 0.5% | +24.2% |
| MA MASTERCARD INC - A | Services media | 20.5K | $10.2M | 0.5% | +10.9% |
| CSCO CISCO SYSTEMS INC | Technology | 131.7K | $10.2M | 0.5% | +10.7% |
| CAT CATERPILLAR INC | Industrials | 14.0K | $9.9M | 0.5% | +8.5% |
| MU MICRON TECHNOLOGY INC | Technology | 28.5K | $9.6M | 0.4% | +19.7% |
| KO COCA-COLA CO/THE | Consumer staples | 120.6K | $9.2M | 0.4% | +12.8% |
| RTX RTX CORP | Industrials | 45.4K | $8.8M | 0.4% | +10.9% |
| PEP PEPSICO INC | Consumer staples | 52.8K | $8.2M | 0.4% | +7.5% |
| GS GOLDMAN SACHS GROUP INC | Financials | 9.6K | $8.1M | 0.4% | +3.8% |
| GE GENERAL ELECTRIC | Industrials | 28.0K | $7.9M | 0.4% | +7.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 54.0K | $7.8M | 0.4% | +29.4% |
| AMAT APPLIED MATERIALS INC | Technology | 22.6K | $7.7M | 0.4% | +15.5% |
| LRCX LAM RESEARCH CORP | Industrials | 35.8K | $7.7M | 0.4% | +8.0% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 44.7K | $7.4M | 0.3% | +15.1% |
| GEV GE VERNOVA INC | Industrials | 8.5K | $7.4M | 0.3% | +10.0% |
| BAC BANK OF AMERICA CORP | Financials | 148.1K | $7.2M | 0.3% | +5.0% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 48.4K | $7.1M | 0.3% | +11.8% |
| AMD ADVANCED MICRO DEVICES | Technology | 34.0K | $6.9M | 0.3% | +14.8% |
| MCD MCDONALD'S CORP | Consumer discretionary | 22.1K | $6.9M | 0.3% | +16.4% |
| APH AMPHENOL CORP-CL A | Technology | 52.3K | $6.6M | 0.3% | +2.2% |
| ORCL ORACLE CORP | Technology | 44.8K | $6.6M | 0.3% | +16.0% |
| T AT&T INC | Communications | 221.8K | $6.4M | 0.3% | +12.0% |
| AMGN AMGEN INC | Healthcare | 17.4K | $6.1M | 0.3% | +8.4% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 24.7K | $6.0M | 0.3% | +2.7% |
| UNH UNITEDHEALTH GROUP INC | Financials | 21.7K | $5.9M | 0.3% | +16.4% |
| TJX TJX COMPANIES INC | Consumer discretionary | 36.3K | $5.8M | 0.3% | +9.3% |
| MS MORGAN STANLEY | Financials | 35.1K | $5.8M | 0.3% | +6.1% |
| COP CONOCOPHILLIPS | Energy | 43.7K | $5.8M | 0.3% | +17.4% |
| ETN EATON CORP PLC | Industrials | 15.9K | $5.7M | 0.3% | +3.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 6, 2026 | 4110 | $2.14B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 5, 2026 | 4094 | $1.99B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 2, 2025 | 3873 | $1.81B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 14, 2025 | 3769 | $1.58B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR/ARESTATEMENT | Apr 15, 2025 | 3793 | $1.33B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 7, 2025 | 3793 | $18.8M | SEC ↗ | |
| Q4 2024 | 13F-HR | Jan 3, 2025 | 3776 | $1.17B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 7, 2024 | 3575 | $1.01B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 2, 2024 | 3461 | $733.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 5, 2024 | 3321 | $491.0M | canonical | SEC ↗ |
Similar funds
VANGUARD CAPITAL MANAGEMENT LLCVANGUARD PORTFOLIO MANAGEMENT LLCPRICE T ROWE ASSOCIATES INC /MD/Bank of New York Mellon CorpLegal & General Group PlcVANGUARD FIDUCIARY TRUST CONuveen, LLCAmundiJANUS HENDERSON GROUP PLCAMERICAN CENTURY COMPANIES INCPRINCIPAL FINANCIAL GROUP INCVanguard Global Advisers, LLC