Luminist Capital LLC
Long book
$74.8M
Q1 2026
Positions
78
Top-10 weight
74%
concentration
Last quarter
+3.7%
SPY +14.8%
Turnover
77%
of book per quarter
Strategy in plain words
auto-generated from filingsLuminist Capital LLC is a wealth-management firm allocating client money, specialised in financials (74% of the long book), running a $74.8M US long book across 78 positions.
The portfolio is concentrated: the top 10 names carry 74% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ISHARES TREASURY FLOATING RA, ISHARES 0-1 YEAR TREASURY BO, ABRDN PHYSICAL GOLD SHARES, F/M US TREASURY 2 YEAR NOTE, VANGUARD S&P 500 ETF.
Over the last 6 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 3 of 6 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
Q4 2024
+2.3%
Q1 2025
+3.9%
Q2 2025
+7.0%
Q3 2025
+3.4%
Q4 2025
+0.6%
Q1 2026
+3.7%
Sector allocation
Technology 79%
Industrials 12%
Financials 8%
Other 0%
Long book by quarter
What does Luminist Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 7.3K | $1.3M | 1.7% | +0.2% |
| LMT LOCKHEED MARTIN CORP | Industrials | 506 | $306K | 0.4% | New |
| AAPL APPLE INC | Technology | 1.1K | $276K | 0.4% | -14.9% |
| GOOGL ALPHABET INC-CL A | Technology | 893 | $257K | 0.3% | -6.4% |
| MSFT MICROSOFT CORP | Technology | 598 | $221K | 0.3% | +8.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 455 | $218K | 0.3% | Held |
| RR RICHTECH ROBOTICS INC-CL B | Industrials | 4.5K | $9K | 0.0% | +18.4% |
| DRSHF DRONESHIELD LTD | — | 1.0K | $3K | 0.0% | New |
| 3B8 SHAMARAN PETROLEUM CORP | — | 3.0K | $412 | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 24, 2026 | 119 | $72.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 276 | $81.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 356 | $115.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 498 | $100.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 391 | $92.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 372 | $57.6M | canonical | SEC ↗ |