ITHAKA GROUP LLC

Fundamental concentrated ★Highest signal CIK 1484043
League rank
#268
in Fundamental concentrated · #490 overall
Long book
$481.9M
Q1 2026
Positions
38
Top-10 weight
56%
concentration
Last quarter
+21.3%
SPY +14.8%
Turnover
12%
of book per quarter

Strategy in plain words

auto-generated from filings

ITHAKA GROUP LLC is a concentrated fundamental stock-picker, running a $481.9M US long book across 38 positions.

The portfolio is concentrated: the top 10 names carry 56% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, AMAZON.COM INC, META PLATFORMS INC-CLASS A, MICROSOFT CORP, MASTERCARD INC - A.

Over the last 9 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+3.6%
Q2 2024
+0.6%
Q3 2024
+8.5%
Q4 2024
-10.8%
Q1 2025
+22.4%
Q2 2025
+1.2%
Q3 2025
-4.8%
Q4 2025
-15.0%
Q1 2026
+21.3%

Sector allocation

Technology
57%
Services media
16%
Healthcare
10%
Consumer discretionary
8%
Industrials
6%
Financials
3%
Other
0%

Long book by quarter

$530.4M
Q1 2024
$541.7M
Q2 2024
$527.3M
Q3 2024
$542.8M
Q4 2024
$490.7M
Q1 2025
$584.1M
Q2 2025
$585.7M
Q3 2025
$561.0M
Q4 2025
$481.9M
Q1 2026

What does ITHAKA GROUP own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology225.1K$39.3M8.1%-16.8%
AMZN AMAZON.COM INCConsumer discretionary187.2K$39.0M8.1%-5.4%
META META PLATFORMS INC-CLASS ATechnology56.3K$32.2M6.7%+2.0%
MSFT MICROSOFT CORPTechnology84.6K$31.3M6.5%+2.2%
MA MASTERCARD INC - AServices media62.5K$31.2M6.5%+1.9%
NOW SERVICENOW INCTechnology209.3K$21.9M4.5%+1.8%
NFLX NETFLIX INCServices media209.0K$20.1M4.2%+1.9%
ISRG INTUITIVE SURGICAL INCHealthcare40.9K$18.9M3.9%+1.9%
LLY ELI LILLY & COHealthcare20.2K$18.5M3.8%+135.0%
GOOG ALPHABET INC-CL CTechnology58.0K$16.6M3.5%+24.3%
AMD ADVANCED MICRO DEVICESTechnology78.0K$15.9M3.3%+2.1%
SHOP SHOPIFY INC - CLASS ATechnology130.7K$15.5M3.2%+2.3%
HWM HOWMET AEROSPACE INCIndustrials63.1K$14.6M3.0%+75.1%
CRWD CROWDSTRIKE HOLDINGS INC - ATechnology36.7K$14.3M3.0%+2.2%
MELI MERCADOLIBRE INCServices media7.9K$13.6M2.8%+2.1%
ANET ARISTA NETWORKS INCTechnology103.9K$12.8M2.6%+2.2%
PANW PALO ALTO NETWORKS INCTechnology71.2K$11.4M2.4%+2.2%
CDNS CADENCE DESIGN SYS INCTechnology40.6K$11.3M2.3%+1.1%
UBER UBER TECHNOLOGIES INCServices media153.2K$11.0M2.3%+2.1%
HOOD ROBINHOOD MARKETS INC - AFinancials144.2K$10.0M2.1%+28.5%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology64.8K$9.5M2.0%+2.1%
AXON AXON ENTERPRISE INCIndustrials17.8K$7.6M1.6%+138.5%
APH AMPHENOL CORP-CL ATechnology58.3K$7.4M1.5%+2.3%
ORCL ORACLE CORPTechnology48.1K$7.1M1.5%+6.3%
DXCM DEXCOM INCHealthcare105.6K$6.6M1.4%+2.1%
INTU INTUIT INCTechnology15.2K$6.6M1.4%+2.1%
VRT VERTIV HOLDINGS CO-ATechnology25.7K$6.4M1.3%New
PODD INSULET CORPHealthcare28.3K$5.9M1.2%+1.7%
AVGO BROADCOM INCTechnology17.1K$5.3M1.1%+4.2%
COIN COINBASE GLOBAL INC -CLASS AFinancials28.9K$5.1M1.0%+6.4%
CRDO CREDO TECHNOLOGY GROUP HOLDITechnology53.3K$5.0M1.0%+6.2%
JCI JOHNSON CONTROLS INTERNATIONIndustrials38.1K$5.0M1.0%Held
AAPL APPLE INCTechnology9.3K$2.4M0.5%Held
V VISA INC-CLASS A SHARESServices media5.3K$1.6M0.3%-90.0%
GOOGL ALPHABET INC-CL ATechnology802$231K0.0%Held
PG PROCTER & GAMBLE CO/THEOther1.5K$217K0.0%Held
GEV GE VERNOVA INCIndustrials237$207K0.0%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 12, 202638$481.9M canonicalSEC ↗
Q4 202513F-HRFeb 10, 202639$561.0M canonicalSEC ↗
Q3 202513F-HRNov 12, 202538$585.7M canonicalSEC ↗
Q2 202513F-HRAug 12, 202539$584.1M canonicalSEC ↗
Q1 202513F-HRMay 9, 202537$490.7M canonicalSEC ↗
Q4 202413F-HRFeb 10, 202534$542.8M canonicalSEC ↗
Q3 202413F-HRNov 12, 202436$527.3M canonicalSEC ↗
Q2 202413F-HRAug 9, 202436$541.7M canonicalSEC ↗
Q1 202413F-HRMay 13, 202435$530.4M canonicalSEC ↗