LAZARI CAPITAL MANAGEMENT, INC.

Fundamental diversified ★Signal CIK 1986389
League rank
#516
in Fundamental diversified · #3299 overall
Long book
$287.5M
Q1 2026
Positions
175
Top-10 weight
51%
concentration
Last quarter
+12.1%
SPY +14.8%
Turnover
11%
of book per quarter

Strategy in plain words

auto-generated from filings

LAZARI CAPITAL MANAGEMENT, INC. is a diversified fundamental manager, running a $287.5M US long book across 175 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: APPLE INC, META PLATFORMS INC-CLASS A, NVIDIA CORP, AMAZON.COM INC, ALPHABET INC-CL A.

Over the last 9 quarters its long book ran on average 0.1pp 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
+4.5%
Q2 2024
+4.8%
Q3 2024
+4.2%
Q4 2024
-4.9%
Q1 2025
+12.2%
Q2 2025
+10.5%
Q3 2025
+1.7%
Q4 2025
-4.1%
Q1 2026
+12.1%

Sector allocation

Technology
46%
Services media
12%
Consumer discretionary
10%
Industrials
9%
Financials
7%
Healthcare
5%
Energy
3%
Communications
3%

Long book by quarter

$184.1M
Q1 2024
$221.8M
Q2 2024
$233.8M
Q3 2024
$250.9M
Q4 2024
$244.6M
Q1 2025
$265.6M
Q2 2025
$296.3M
Q3 2025
$297.7M
Q4 2025
$287.5M
Q1 2026

What does LAZARI CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology150.6K$38.2M13.3%-3.1%
META META PLATFORMS INC-CLASS ATechnology32.1K$18.4M6.4%-3.0%
NVDA NVIDIA CORPTechnology93.7K$16.3M5.7%-0.3%
AMZN AMAZON.COM INCConsumer discretionary74.2K$15.4M5.4%-0.1%
GOOGL ALPHABET INC-CL ATechnology53.1K$15.3M5.3%-0.7%
UBER UBER TECHNOLOGIES INCServices media187.2K$13.5M4.7%+0.5%
TSLA TESLA INCIndustrials22.4K$8.3M2.9%+1.9%
BA BOEING CO/THEIndustrials33.9K$6.7M2.3%+4.6%
MSFT MICROSOFT CORPTechnology17.5K$6.5M2.3%+7.0%
VZ VERIZON COMMUNICATIONS INCCommunications106.9K$5.4M1.9%+8.6%
DIS WALT DISNEY CO/THEServices media53.3K$5.1M1.8%-9.6%
BAC BANK OF AMERICA CORPFinancials89.6K$4.4M1.5%-1.9%
AMD ADVANCED MICRO DEVICESTechnology21.3K$4.3M1.5%-1.3%
NFLX NETFLIX INCServices media42.0K$4.0M1.4%+14.0%
ABBV ABBVIE INCHealthcare16.2K$3.5M1.2%-0.2%
AVGO BROADCOM INCTechnology10.6K$3.3M1.1%-0.2%
XOM EXXON MOBIL CORPEnergy16.3K$2.8M1.0%-19.2%
JPM JPMORGAN CHASE & COFinancials8.5K$2.5M0.9%-1.5%
SRE SEMPRAUtilities24.3K$2.4M0.8%0.0%
UNH UNITEDHEALTH GROUP INCFinancials8.7K$2.4M0.8%+41.7%
BA 6 10/15/27 BOEING CO/THE28.9K$1.9M0.7%-6.2%
COST COSTCO WHOLESALE CORPConsumer discretionary1.9K$1.8M0.6%Held
PFE PFIZER INCHealthcare65.4K$1.8M0.6%-4.2%
V VISA INC-CLASS A SHARESServices media5.9K$1.8M0.6%+2.8%
WMT WALMART INCConsumer discretionary13.5K$1.7M0.6%+3.8%
COP CONOCOPHILLIPSEnergy12.5K$1.6M0.6%-1.8%
T AT&T INCCommunications54.9K$1.6M0.6%-1.2%
SBUX STARBUCKS CORPConsumer discretionary17.5K$1.6M0.5%+3.1%
JNJ JOHNSON & JOHNSONHealthcare6.1K$1.5M0.5%-0.2%
WFC WELLS FARGO & COFinancials18.6K$1.5M0.5%-2.7%
CVX CHEVRON CORPEnergy7.0K$1.4M0.5%+1.8%
AXP AMERICAN EXPRESS COFinancials4.5K$1.4M0.5%+11.5%
DVN DEVON ENERGY CORPEnergy26.9K$1.4M0.5%-1.7%
MO ALTRIA GROUP INCConsumer staples18.5K$1.2M0.4%+0.1%
C CITIGROUP INCFinancials10.7K$1.2M0.4%-3.9%
ORCL ORACLE CORPTechnology7.8K$1.1M0.4%+39.8%
ARCC ARES CAPITAL CORP60.5K$1.1M0.4%+145.6%
WYNN WYNN RESORTS LTDServices media10.6K$1.1M0.4%-0.1%
LLY ELI LILLY & COHealthcare1.1K$1.0M0.4%Held
GS GOLDMAN SACHS GROUP INCFinancials1.2K$1.0M0.4%-0.4%
GOOG ALPHABET INC-CL CTechnology3.5K$1.0M0.4%-0.4%
BMY BRISTOL-MYERS SQUIBB COHealthcare16.5K$999K0.3%0.0%
TTAN SERVICETITAN INC-ATechnology15.4K$976K0.3%New
CRM SALESFORCE INCTechnology5.0K$928K0.3%-3.9%
CAT CATERPILLAR INCIndustrials1.3K$898K0.3%-5.1%
BE BLOOM ENERGY CORP- AIndustrials6.5K$880K0.3%+1.6%
MA MASTERCARD INC - AServices media1.8K$876K0.3%-0.8%
TRGP TARGA RESOURCES CORPUtilities3.5K$869K0.3%Held
RTX RTX CORPIndustrials4.5K$866K0.3%-1.7%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials1.7K$803K0.3%-0.1%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 24, 2026175$287.5M canonicalSEC ↗
Q4 202513F-HR/ARESTATEMENTJan 29, 2026166$297.7M canonicalSEC ↗
Q4 202513F-HRJan 20, 2026165$297.0M SEC ↗
Q3 202513F-HROct 28, 2025166$296.3M canonicalSEC ↗
Q2 202513F-HRJul 17, 2025155$265.6M canonicalSEC ↗
Q1 202513F-HRApr 23, 2025156$244.6M canonicalSEC ↗
Q4 202413F-HRJan 24, 2025153$250.9M canonicalSEC ↗
Q3 202413F-HROct 22, 2024159$233.8M canonicalSEC ↗
Q2 202413F-HRSep 9, 2024144$221.8M canonicalSEC ↗
Q1 202413F-HRJun 24, 2024128$184.1M canonicalSEC ↗