Kenora Financial, LLC

Fundamental diversified ★Signal CIK 1990080
League rank
#402
in Fundamental diversified · #2269 overall
Long book
$285.5M
Q1 2026
Positions
132
Top-10 weight
42%
concentration
Last quarter
+13.6%
SPY +14.8%
Turnover
9%
of book per quarter

Strategy in plain words

auto-generated from filings

Kenora Financial, LLC is a diversified fundamental manager, running a $285.5M US long book across 132 positions.

The portfolio is moderately concentrated (top 10 ≈ 42% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ALPHABET INC-CL C, AMAZON.COM INC, ORACLE CORP, APPLE INC, COSTCO WHOLESALE 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 4 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
+3.7%
Q2 2024
+5.7%
Q3 2024
+0.1%
Q4 2024
-2.7%
Q1 2025
+10.9%
Q2 2025
+9.8%
Q3 2025
+1.3%
Q4 2025
-3.7%
Q1 2026
+13.6%

Sector allocation

Technology
40%
Consumer discretionary
20%
Financials
9%
Healthcare
6%
Industrials
5%
Other
5%
Energy
5%
Services media
5%

Long book by quarter

$235.2M
Q1 2024
$239.3M
Q2 2024
$250.7M
Q3 2024
$251.1M
Q4 2024
$243.5M
Q1 2025
$268.1M
Q2 2025
$295.7M
Q3 2025
$297.3M
Q4 2025
$285.5M
Q1 2026

What does Kenora Financial, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOOG ALPHABET INC-CL CTechnology108.7K$31.2M10.9%-1.1%
AMZN AMAZON.COM INCConsumer discretionary76.3K$15.9M5.6%-1.9%
ORCL ORACLE CORPTechnology104.5K$15.4M5.4%+1.8%
AAPL APPLE INCTechnology54.6K$13.8M4.9%-2.5%
COST COSTCO WHOLESALE CORPConsumer discretionary9.7K$9.7M3.4%+0.4%
APH AMPHENOL CORP-CL ATechnology65.0K$8.2M2.9%-0.5%
NVDA NVIDIA CORPTechnology39.1K$6.8M2.4%-0.9%
MSFT MICROSOFT CORPTechnology17.9K$6.6M2.3%-2.3%
MCK MCKESSON CORPConsumer discretionary7.6K$6.6M2.3%-5.9%
PSX PHILLIPS 66Energy34.8K$6.3M2.2%Held
SHW SHERWIN-WILLIAMS CO/THEConsumer discretionary16.2K$5.2M1.8%-0.7%
TMO THERMO FISHER SCIENTIFIC INCOther10.4K$5.1M1.8%-1.6%
V VISA INC-CLASS A SHARESServices media16.6K$5.0M1.8%+1.0%
NOC NORTHROP GRUMMAN CORPTechnology7.3K$5.0M1.7%+0.4%
KLAC KLA CORPOther3.3K$4.9M1.7%-2.9%
MNST MONSTER BEVERAGE CORPConsumer staples67.1K$4.9M1.7%-0.7%
ADI ANALOG DEVICES INCTechnology15.1K$4.8M1.7%-6.2%
LLY ELI LILLY & COHealthcare4.4K$4.0M1.4%-0.5%
AFL AFLAC INCFinancials35.4K$3.9M1.4%-1.5%
AVGO BROADCOM INCTechnology11.8K$3.6M1.3%+1.1%
AXP AMERICAN EXPRESS COFinancials11.6K$3.5M1.2%-0.4%
JPM JPMORGAN CHASE & COFinancials11.5K$3.4M1.2%-1.0%
XOM EXXON MOBIL CORPEnergy19.9K$3.4M1.2%+2.6%
AMGN AMGEN INCHealthcare9.0K$3.2M1.1%+3.8%
PNC PNC FINANCIAL SERVICES GROUPFinancials15.0K$3.1M1.1%Held
A AGILENT TECHNOLOGIES INCHealthcare26.3K$3.0M1.1%-1.0%
ALL ALLSTATE CORPFinancials13.8K$2.9M1.0%+0.3%
MA MASTERCARD INC - AServices media5.6K$2.8M1.0%Held
META META PLATFORMS INC-CLASS ATechnology4.8K$2.7M1.0%-0.8%
RTX RTX CORPIndustrials13.8K$2.7M0.9%Held
ARW ARROW ELECTRONICS INCConsumer discretionary17.1K$2.4M0.9%-0.7%
ICE INTERCONTINENTAL EXCHANGE INFinancials15.5K$2.4M0.9%+4.5%
CVX CHEVRON CORPEnergy11.5K$2.4M0.8%-2.3%
CAT CATERPILLAR INCIndustrials3.1K$2.2M0.8%+1.3%
HON HONEYWELL INTERNATIONAL INCIndustrials9.5K$2.1M0.8%+1.2%
MCD MCDONALD'S CORPConsumer discretionary6.9K$2.1M0.8%+1.4%
TXN TEXAS INSTRUMENTS INCTechnology11.0K$2.1M0.8%Held
PG PROCTER & GAMBLE CO/THEOther14.8K$2.1M0.7%-1.0%
GPC GENUINE PARTS COConsumer discretionary19.0K$2.0M0.7%+0.3%
SO SOUTHERN CO/THEUtilities19.9K$1.9M0.7%+29.7%
AMAT APPLIED MATERIALS INCTechnology5.4K$1.8M0.6%Held
CASY CASEY'S GENERAL STORES INCConsumer discretionary2.4K$1.8M0.6%-0.9%
ABT ABBOTT LABORATORIESHealthcare16.9K$1.7M0.6%-3.9%
PANW PALO ALTO NETWORKS INCTechnology10.6K$1.7M0.6%+6.0%
NRG NRG ENERGY INCUtilities11.5K$1.7M0.6%-0.9%
ITW ILLINOIS TOOL WORKSIndustrials6.1K$1.6M0.6%+1.1%
HD HOME DEPOT INCConsumer discretionary4.7K$1.5M0.5%-0.1%
TJX TJX COMPANIES INCConsumer discretionary9.5K$1.5M0.5%-0.5%
GOOGL ALPHABET INC-CL ATechnology5.0K$1.4M0.5%-0.6%
PFE PFIZER INCHealthcare51.0K$1.4M0.5%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 22, 2026132$285.5M canonicalSEC ↗
Q4 202513F-HRJan 20, 2026129$297.3M canonicalSEC ↗
Q3 202513F-HROct 21, 2025133$295.7M canonicalSEC ↗
Q2 202513F-HRJul 17, 2025131$268.1M canonicalSEC ↗
Q1 202513F-HRApr 23, 2025128$243.5M canonicalSEC ↗
Q4 202413F-HRJan 23, 2025153$251.1M canonicalSEC ↗
Q3 202413F-HROct 29, 2024154$250.7M canonicalSEC ↗
Q2 202413F-HRAug 7, 2024151$239.3M canonicalSEC ↗
Q1 202413F-HRMay 13, 2024155$235.2M canonicalSEC ↗