Gunderson Capital Management LLC

Fundamental concentrated ★Signal CIK 1792397
League rank
#88
in Fundamental concentrated · #113 overall
Long book
$239.2M
Q1 2026
Positions
46
Top-10 weight
41%
concentration
Last quarter
+36.5%
SPY +14.8%
Turnover
68%
of book per quarter

Strategy in plain words

auto-generated from filings

Gunderson Capital Management LLC is a concentrated fundamental stock-picker, running a $239.2M US long book across 46 positions.

The portfolio is moderately concentrated (top 10 ≈ 41% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: TAIWAN SEMICONDUCTOR-SP ADR, NVIDIA CORP, CAMECO CORP, HALLIBURTON CO, PALANTIR TECHNOLOGIES INC-A.

Over the last 9 quarters its long book ran on average 2.6pp per quarter ahead of the S&P 500, beating the index in 5 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
+7.6%
Q2 2024
-0.6%
Q3 2024
-0.0%
Q4 2024
-9.4%
Q1 2025
+19.1%
Q2 2025
+10.0%
Q3 2025
-1.3%
Q4 2025
+1.7%
Q1 2026
+36.5%

Sector allocation

Technology
43%
Industrials
25%
Materials
11%
Utilities
11%
Energy
7%
Other
2%
Consumer discretionary
1%
Healthcare
0%

Long book by quarter

$215.3M
Q1 2024
$233.0M
Q2 2024
$236.1M
Q3 2024
$203.4M
Q4 2024
$155.4M
Q1 2025
$239.2M
Q2 2025
$271.4M
Q3 2025
$221.9M
Q4 2025
$239.2M
Q1 2026

What does Gunderson Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology63.6K$11.1M4.6%+1.6%
CCJ CAMECO CORPMaterials95.7K$10.4M4.3%+49.5%
HAL HALLIBURTON COEnergy250.9K$9.8M4.1%New
PLTR PALANTIR TECHNOLOGIES INC-ATechnology65.8K$9.6M4.0%+61.8%
ASML ASML HOLDING NV-NY REG SHSIndustrials7.2K$9.5M4.0%+4.3%
GEV GE VERNOVA INCIndustrials10.4K$9.1M3.8%-0.6%
AMD ADVANCED MICRO DEVICESTechnology43.9K$8.9M3.7%+6.0%
SNDK SANDISK CORPTechnology13.8K$8.8M3.7%New
B BARRICK MINING CORPMaterials204.4K$8.3M3.5%-0.9%
DELL DELL TECHNOLOGIES -CTechnology49.1K$8.1M3.4%New
PWR QUANTA SERVICES INCIndustrials14.5K$8.0M3.3%New
AMAT APPLIED MATERIALS INCTechnology23.1K$7.9M3.3%New
LNG CHENIERE ENERGY INCUtilities26.6K$7.6M3.2%New
GE GENERAL ELECTRICIndustrials26.3K$7.5M3.1%+6.9%
AVGO BROADCOM INCTechnology22.0K$6.8M2.8%-1.0%
MU MICRON TECHNOLOGY INCTechnology17.2K$5.8M2.4%-48.0%
FTI TECHNIPFMC PLCIndustrials81.0K$5.6M2.3%New
VST VISTRA CORPUtilities37.0K$5.6M2.3%-0.6%
AGX ARGAN INCIndustrials9.3K$5.1M2.1%New
TRGP TARGA RESOURCES CORPUtilities19.4K$4.9M2.0%New
ADI ANALOG DEVICES INCTechnology14.9K$4.7M2.0%+92.6%
TSEM TOWER SEMICONDUCTOR LTDTechnology26.2K$4.6M1.9%New
DVN DEVON ENERGY CORPEnergy89.5K$4.5M1.9%New
NBIS NEBIUS GROUP NVTechnology40.4K$4.2M1.8%New
STXN SEAGATE TECHNOLOGY HOLDINGS10.5K$4.1M1.7%New
SEI SOLARIS ENERGY INFRASTRUCTURIndustrials60.3K$3.4M1.4%New
CRWV COREWEAVE INC-CL ATechnology43.7K$3.4M1.4%New
MP MP MATERIALS CORPMaterials69.1K$3.3M1.4%+10.2%
VG VENTURE GLOBAL INC-CL AUtilities180.1K$2.8M1.2%New
AAPL APPLE INCTechnology6.3K$1.6M0.7%-27.3%
COST COSTCO WHOLESALE CORPConsumer discretionary562$560K0.2%+22.2%
AMZN AMAZON.COM INCConsumer discretionary2.5K$519K0.2%-85.2%
SO SOUTHERN CO/THEUtilities4.5K$437K0.2%New
ETN EATON CORP PLCIndustrials737$264K0.1%+1.0%
EFXT ENERFLEX LTDIndustrials9.7K$203K0.1%New
TTI TETRA TECHNOLOGIES INCEnergy12.1K$103K0.0%New
ICCM ICECURE MEDICAL LTDHealthcare20.0K$6K0.0%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 22, 202646$239.2M canonicalSEC ↗
Q4 202513F-HRJan 15, 202640$221.9M canonicalSEC ↗
Q3 202513F-HROct 22, 202553$271.4M canonicalSEC ↗
Q2 202513F-HRJul 24, 202547$239.2M canonicalSEC ↗
Q1 202513F-HRApr 9, 202529$155.4M canonicalSEC ↗
Q4 202413F-HRJan 13, 202537$203.4M canonicalSEC ↗
Q3 202413F-HROct 8, 202440$236.1M canonicalSEC ↗
Q2 202413F-HRJul 11, 202439$233.0M canonicalSEC ↗
Q1 202413F-HRApr 10, 202441$215.3M canonicalSEC ↗