HOLLENCREST CAPITAL MANAGEMENT
Long book
$2.69B
Q1 2026
Positions
1169
Top-10 weight
51%
concentration
Last quarter
+12.8%
SPY +14.8%
Turnover
19%
of book per quarter
Strategy in plain words
auto-generated from filingsHOLLENCREST CAPITAL MANAGEMENT is a wealth-management firm allocating client money, running a $2.69B US long book across 1169 positions.
The portfolio is concentrated: the top 10 names carry 51% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD S&P 500 ETF, APPLE INC, SS SPDR S&P 500 ETF TRUST-US, INVESCO QQQ TRUST SERIES 1, INVESCO NASDAQ 100 ETF.
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. 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
+4.6%
Q2 2024
+6.0%
Q3 2024
+2.5%
Q4 2024
-4.1%
Q1 2025
+6.7%
Q2 2025
+9.8%
Q3 2025
+4.3%
Q4 2025
-3.7%
Q1 2026
+12.8%
Sector allocation
Technology 43%
Financials 15%
Consumer discretionary 15%
Industrials 7%
Services media 6%
Materials 6%
Consumer staples 2%
Healthcare 2%
Long book by quarter
What does HOLLENCREST CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 1.0M | $264.6M | 9.8% | -0.6% |
| GOOGL ALPHABET INC-CL A | Technology | 317.8K | $91.4M | 3.4% | -2.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 70.6K | $70.3M | 2.6% | +3.2% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 95 | $68.2M | 2.5% | Held |
| MSFT MICROSOFT CORP | Technology | 146.7K | $54.3M | 2.0% | -2.0% |
| UNH UNITEDHEALTH GROUP INC | Financials | 135.6K | $36.7M | 1.4% | Held |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 368.7K | $36.3M | 1.3% | Held |
| MA MASTERCARD INC - A | Services media | 71.7K | $35.8M | 1.3% | -0.1% |
| HD HOME DEPOT INC | Consumer discretionary | 101.7K | $33.4M | 1.2% | 0.0% |
| V VISA INC-CLASS A SHARES | Services media | 109.5K | $33.1M | 1.2% | -0.1% |
| TSLA TESLA INC | Industrials | 65.1K | $24.2M | 0.9% | +0.6% |
| CRM SALESFORCE INC | Technology | 127.9K | $23.9M | 0.9% | Held |
| AMAT APPLIED MATERIALS INC | Technology | 66.5K | $22.7M | 0.8% | -1.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 122.5K | $19.6M | 0.7% | -0.2% |
| CI THE CIGNA GROUP | Financials | 71.8K | $19.2M | 0.7% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 62.8K | $18.5M | 0.7% | -6.8% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 108.3K | $17.9M | 0.7% | -12.0% |
| ULTA ULTA BEAUTY INC | Consumer discretionary | 34.2K | $17.9M | 0.7% | -0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 73.6K | $15.3M | 0.6% | 0.0% |
| GOOG ALPHABET INC-CL C | Technology | 52.0K | $14.9M | 0.6% | -0.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 30.2K | $14.5M | 0.5% | 0.0% |
| OKE ONEOK INC | Utilities | 151.8K | $13.7M | 0.5% | +0.2% |
| NVDA NVIDIA CORP | Technology | 72.3K | $12.6M | 0.5% | -14.6% |
| FNF FIDELITY NATIONAL FINANCIAL | Financials | 260.9K | $12.1M | 0.5% | 0.0% |
| AEM AGNICO EAGLE MINES LTD | Materials | 55.3K | $11.2M | 0.4% | -1.0% |
| AA ALCOA CORP | Industrials | 132.0K | $8.8M | 0.3% | +2.3% |
| SYK STRYKER CORP | Healthcare | 25.4K | $8.4M | 0.3% | +0.7% |
| NEM NEWMONT CORP | Materials | 74.8K | $8.1M | 0.3% | +27.0% |
| AZO AUTOZONE INC | Consumer discretionary | 2.2K | $7.3M | 0.3% | Held |
| AU ANGLOGOLD ASHANTI PLC | Materials | 69.0K | $6.7M | 0.2% | -0.9% |
| PAAS PAN AMERICAN SILVER CORP | Materials | 120.7K | $6.6M | 0.2% | -0.5% |
| KLAC KLA CORP | Other | 4.1K | $6.0M | 0.2% | -19.8% |
| MCD MCDONALD'S CORP | Consumer discretionary | 18.7K | $5.8M | 0.2% | Held |
| CDE COEUR MINING INC | Materials | 307.2K | $5.8M | 0.2% | +0.2% |
| MO ALTRIA GROUP INC | Consumer staples | 85.8K | $5.7M | 0.2% | +0.8% |
| XOM EXXON MOBIL CORP | Energy | 33.2K | $5.6M | 0.2% | +58.4% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 34.7K | $5.1M | 0.2% | -28.8% |
| WMT WALMART INC | Consumer discretionary | 38.7K | $4.8M | 0.2% | +94.4% |
| CCJ CAMECO CORP | Materials | 43.1K | $4.7M | 0.2% | +2.4% |
| HL HECLA MINING CO | Materials | 249.7K | $4.7M | 0.2% | +0.5% |
| GEV GE VERNOVA INC | Industrials | 5.3K | $4.6M | 0.2% | +24.0% |
| LOW LOWE'S COS INC | Consumer discretionary | 18.0K | $4.3M | 0.2% | Held |
| BAC BANK OF AMERICA CORP | Financials | 87.3K | $4.3M | 0.2% | +0.4% |
| USAS AMERICAS GOLD AND SILVER COR | Materials | 811.0K | $4.2M | 0.2% | +11.2% |
| B BARRICK MINING CORP | Materials | 91.3K | $3.7M | 0.1% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 15.2K | $3.7M | 0.1% | +142.0% |
| GLW CORNING INC | Industrials | 26.5K | $3.6M | 0.1% | +174.0% |
| AVGO BROADCOM INC | Technology | 11.1K | $3.4M | 0.1% | -34.7% |
| FIS FIDELITY NATIONAL INFO SERV | Services media | 65.0K | $3.0M | 0.1% | 0.0% |
| META META PLATFORMS INC-CLASS A | Technology | 5.2K | $3.0M | 0.1% | +1.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 1244 | $2.70B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 1188 | $2.90B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 3, 2025 | 1148 | $2.78B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 18, 2025 | 1138 | $2.36B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 5, 2025 | 1139 | $2.31B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 1191 | $2.50B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 1, 2024 | 1112 | $2.43B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 1106 | $2.28B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 1, 2024 | 1117 | $2.18B | canonical | SEC ↗ |