KIECKHEFER GROUP LLC

Fundamental diversified ★Signal technology specialist (70%) CIK 2051613
League rank
#581
in Fundamental diversified · #4010 overall
Long book
$211.7M
Q1 2026
Positions
58
Top-10 weight
77%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
16%
of book per quarter

Strategy in plain words

auto-generated from filings

KIECKHEFER GROUP LLC is a diversified fundamental manager, specialised in technology (70% of the long book), running a $211.7M US long book across 58 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, PALANTIR TECHNOLOGIES INC-A, INTUITIVE SURGICAL INC, INVESCO QQQ TRUST SERIES 1, BWX TECHNOLOGIES INC.

Over the last 6 quarters its long book ran on average 2.3pp per quarter ahead of the S&P 500, beating the index in 3 of 6 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
Q4 2024
-11.0%
Q1 2025
+30.3%
Q2 2025
+15.3%
Q3 2025
-1.8%
Q4 2025
-2.6%
Q1 2026
+11.3%

Sector allocation

Technology
70%
Industrials
9%
Healthcare
7%
Utilities
5%
Services media
3%
Energy
2%
Consumer staples
1%
Consumer discretionary
1%

Long book by quarter

$166.0M
Q4 2024
$138.2M
Q1 2025
$184.4M
Q2 2025
$213.7M
Q3 2025
$210.2M
Q4 2025
$211.7M
Q1 2026

What does KIECKHEFER GROUP own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology481.1K$83.9M39.6%+0.5%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology148.5K$21.7M10.3%0.0%
ISRG INTUITIVE SURGICAL INCHealthcare23.9K$11.0M5.2%-0.6%
BWXT BWX TECHNOLOGIES INCIndustrials39.4K$8.1M3.8%+0.5%
VRT VERTIV HOLDINGS CO-ATechnology28.7K$7.2M3.4%-0.1%
NFLX NETFLIX INCServices media59.0K$5.7M2.7%+0.4%
DELL DELL TECHNOLOGIES -CTechnology32.0K$5.2M2.5%-1.1%
LNG CHENIERE ENERGY INCUtilities18.3K$5.2M2.5%-2.9%
XOM EXXON MOBIL CORPEnergy19.8K$3.4M1.6%Held
RTX RTX CORPIndustrials15.0K$2.9M1.4%+50.0%
WEC WEC ENERGY GROUP INCUtilities22.7K$2.6M1.2%-0.4%
ADM ARCHER-DANIELS-MIDLAND COConsumer staples31.9K$2.3M1.1%Held
SOLS SOLSTICE ADV MATERIALS INCMaterials25.4K$1.9M0.9%+0.1%
SOUN SOUNDHOUND AI INC-ATechnology254.0K$1.7M0.8%Held
CAT CATERPILLAR INCIndustrials2.4K$1.7M0.8%+6.8%
NRG NRG ENERGY INCUtilities11.1K$1.6M0.8%Held
WDC WESTERN DIGITAL CORPTechnology6.0K$1.6M0.8%Held
DPRO DRAGANFLY INCIndustrials315.7K$1.5M0.7%+0.8%
CRDO CREDO TECHNOLOGY GROUP HOLDITechnology15.7K$1.5M0.7%New
TTD TRADE DESK INC/THE -CLASS ATechnology58.3K$1.3M0.6%New
SGI SOMNIGROUP INTERNATIONAL INCOther17.5K$1.3M0.6%Held
PLUG PLUG POWER INCIndustrials500.0K$1.1M0.5%Held
IOT SAMSARA INC-CL ATechnology30.9K$979K0.5%Held
FERG FERGUSON ENTERPRISES INCConsumer discretionary4.0K$933K0.4%Held
AAPL APPLE INCTechnology3.1K$785K0.4%-6.6%
UMAC UNUSUAL MACHINES INC /USTechnology60.0K$744K0.4%Held
AMZN AMAZON.COM INCConsumer discretionary3.2K$676K0.3%+16.2%
EME EMCOR GROUP INCIndustrials800$591K0.3%New
UAMY UNITED STATES ANTIMONY CORPIndustrials66.0K$576K0.3%Held
JNJ JOHNSON & JOHNSONHealthcare2.1K$526K0.2%Held
DRS LEONARDO DRS INCTechnology11.1K$493K0.2%New
MCK MCKESSON CORPConsumer discretionary550$476K0.2%Held
BAER BRIDGER AEROSPACE GROUP HOLDServices media208.4K$413K0.2%-13.3%
RCAT RED CAT HOLDINGS INCTechnology28.5K$373K0.2%Held
ABBV ABBVIE INCHealthcare1.7K$370K0.2%Held
META META PLATFORMS INC-CLASS ATechnology549$314K0.1%+10.0%
MSFT MICROSOFT CORPTechnology762$282K0.1%+69.3%
CIEN CIENA CORPTechnology700$272K0.1%New
PG PROCTER & GAMBLE CO/THEOther1.9K$267K0.1%Held
IBM INTL BUSINESS MACHINES CORPTechnology1.1K$258K0.1%+39.2%
ANET ARISTA NETWORKS INCTechnology2.1K$258K0.1%Held
LLY ELI LILLY & COHealthcare250$230K0.1%Held
DUK DUKE ENERGY CORPUtilities1.7K$229K0.1%Held
RXRX RECURSION PHARMACEUTICALS-AHealthcare74.0K$227K0.1%Held
GOOG ALPHABET INC-CL CTechnology786$225K0.1%New
ANGX ANGEL STUDIOS INCServices media60.0K$183K0.1%+50.0%
MVIS MICROVISION INCTechnology101.0K$65K0.0%-19.8%
POWW OUTDOOR HOLDING COServices media10.0K$20K0.0%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 21, 202658$211.7M canonicalSEC ↗
Q4 202513F-HRJan 15, 202654$210.2M canonicalSEC ↗
Q3 202513F-HROct 20, 202552$213.7M canonicalSEC ↗
Q2 202513F-HRJul 14, 202550$184.4M canonicalSEC ↗
Q1 202513F-HRApr 25, 202546$138.2M canonicalSEC ↗
Q4 202413F-HRJan 13, 2025139$166.0M canonicalSEC ↗