LYELL WEALTH MANAGEMENT, LP
Long book
$1.36B
Q1 2026
Positions
216
Top-10 weight
34%
concentration
Last quarter
+17.5%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsLYELL WEALTH MANAGEMENT, LP is an institutional manager, running a $1.36B US long book across 216 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, ALPHABET INC-CL C, ALPHABET INC-CL A, APPLE INC, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.9%
Q2 2024
+4.8%
Q3 2024
+2.5%
Q4 2024
-6.7%
Q1 2025
+15.7%
Q2 2025
+7.1%
Q3 2025
+1.1%
Q4 2025
-5.4%
Q1 2026
+17.5%
Sector allocation
Technology 51%
Industrials 14%
Consumer discretionary 10%
Financials 8%
Services media 6%
Healthcare 4%
Materials 2%
Other 2%
Long book by quarter
What does LYELL WEALTH own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 578.9K | $101.0M | 7.4% | -0.3% |
| GOOG ALPHABET INC-CL C | Technology | 254.1K | $72.9M | 5.4% | +197.7% |
| GOOGL ALPHABET INC-CL A | Technology | 182.0K | $52.3M | 3.8% | -0.1% |
| AAPL APPLE INC | Technology | 184.3K | $46.8M | 3.4% | +0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 175.4K | $36.5M | 2.7% | +0.5% |
| MSFT MICROSOFT CORP | Technology | 92.5K | $34.2M | 2.5% | +0.4% |
| META META PLATFORMS INC-CLASS A | Technology | 55.1K | $31.5M | 2.3% | +1.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 29.9K | $29.8M | 2.2% | +1.3% |
| JPM JPMORGAN CHASE & CO | Financials | 100.6K | $29.6M | 2.2% | -0.2% |
| PANW PALO ALTO NETWORKS INC | Technology | 170.3K | $27.3M | 2.0% | +0.5% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 20.1K | $26.6M | 2.0% | -1.4% |
| VRT VERTIV HOLDINGS CO-A | Technology | 105.0K | $26.3M | 1.9% | -0.5% |
| CAT CATERPILLAR INC | Industrials | 37.0K | $26.2M | 1.9% | -0.7% |
| APH AMPHENOL CORP-CL A | Technology | 189.6K | $24.0M | 1.8% | -0.2% |
| PWR QUANTA SERVICES INC | Industrials | 39.7K | $21.8M | 1.6% | +3.2% |
| NFLX NETFLIX INC | Services media | 210.7K | $20.3M | 1.5% | +2.1% |
| SHOP SHOPIFY INC - CLASS A | Technology | 164.9K | $19.6M | 1.4% | 0.0% |
| MS MORGAN STANLEY | Financials | 110.0K | $18.1M | 1.3% | +0.2% |
| DHI DR HORTON INC | Industrials | 126.4K | $17.3M | 1.3% | +2.5% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 37.2K | $17.1M | 1.3% | -0.8% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 34.5K | $17.0M | 1.2% | +0.9% |
| V VISA INC-CLASS A SHARES | Services media | 53.2K | $16.1M | 1.2% | -2.2% |
| AMD ADVANCED MICRO DEVICES | Technology | 77.5K | $15.8M | 1.2% | +0.1% |
| WMT WALMART INC | Consumer discretionary | 125.6K | $15.6M | 1.1% | +1.4% |
| HD HOME DEPOT INC | Consumer discretionary | 46.0K | $15.1M | 1.1% | -0.7% |
| CDNS CADENCE DESIGN SYS INC | Technology | 52.4K | $14.5M | 1.1% | +0.2% |
| UBER UBER TECHNOLOGIES INC | Services media | 196.7K | $14.1M | 1.0% | -0.1% |
| TOL TOLL BROTHERS INC | Industrials | 100.2K | $13.7M | 1.0% | +4.7% |
| IDXX IDEXX LABORATORIES INC | Materials | 22.5K | $12.7M | 0.9% | -3.4% |
| INTU INTUIT INC | Technology | 28.8K | $12.5M | 0.9% | -12.7% |
| AVGO BROADCOM INC | Technology | 39.8K | $12.3M | 0.9% | +73.4% |
| SYK STRYKER CORP | Healthcare | 37.0K | $12.1M | 0.9% | -9.0% |
| NOW SERVICENOW INC | Technology | 114.4K | $12.0M | 0.9% | -12.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 24.1K | $11.5M | 0.8% | +3.0% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 51.0K | $11.5M | 0.8% | +4.2% |
| NET CLOUDFLARE INC - CLASS A | Technology | 54.0K | $11.1M | 0.8% | +3.2% |
| DE DEERE & CO | Industrials | 19.3K | $10.9M | 0.8% | +2.0% |
| WM WASTE MANAGEMENT INC | Utilities | 47.2K | $10.8M | 0.8% | New |
| MA MASTERCARD INC - A | Services media | 19.5K | $9.8M | 0.7% | -1.7% |
| SNOW SNOWFLAKE INC | Technology | 63.6K | $9.6M | 0.7% | +4.9% |
| EXTR EXTREME NETWORKS INC | Technology | 582.3K | $8.8M | 0.6% | Held |
| TMUS T-MOBILE US INC | Communications | 41.7K | $8.8M | 0.6% | +1.6% |
| TJX TJX COMPANIES INC | Consumer discretionary | 54.8K | $8.8M | 0.6% | +262.1% |
| BLK BLACKROCK INC | Financials | 8.5K | $8.2M | 0.6% | +2.4% |
| UNP UNION PACIFIC CORP | Industrials | 30.1K | $7.3M | 0.5% | -3.7% |
| FCX FREEPORT-MCMORAN INC | Materials | 121.2K | $7.1M | 0.5% | -2.4% |
| VEEV VEEVA SYSTEMS INC-CLASS A | Technology | 37.8K | $6.6M | 0.5% | -30.7% |
| ABT ABBOTT LABORATORIES | Healthcare | 64.5K | $6.6M | 0.5% | -2.3% |
| OWL BLUE OWL CAPITAL INC | Financials | 725.1K | $6.6M | 0.5% | +5.2% |
| CVX CHEVRON CORP | Energy | 25.0K | $5.2M | 0.4% | -4.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 216 | $1.36B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 213 | $1.38B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 211 | $1.35B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 219 | $1.27B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 202 | $1.07B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 200 | $1.12B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 23, 2024 | 207 | $1.10B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 199 | $1.05B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 197 | $983.5M | canonical | SEC ↗ |
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