Newlands Management Operations LLC

Fundamental concentrated ★Highest signal CIK 1908450
League rank
#528
in Fundamental concentrated · #2213 overall
Long book
$15.45B
Q1 2026
Positions
16
Top-10 weight
97%
concentration
Last quarter
+13.7%
SPY +14.8%
Turnover
17%
of book per quarter

Strategy in plain words

auto-generated from filings

Newlands Management Operations LLC is a concentrated fundamental stock-picker, running a $15.45B US long book across 16 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: META PLATFORMS INC-CLASS A, ALPHABET INC-CL A, ROBINHOOD MARKETS INC - A, TESLA INC, AMAZON.COM INC.

Over the last 9 quarters its long book ran on average 1.3pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+1.9%
Q2 2024
+11.1%
Q3 2024
+15.0%
Q4 2024
-6.5%
Q1 2025
+29.6%
Q2 2025
+13.0%
Q3 2025
-7.1%
Q4 2025
-18.7%
Q1 2026
+13.7%

Sector allocation

Technology
57%
Financials
13%
Services media
11%
Industrials
9%
Consumer discretionary
9%
Healthcare
0%

Long book by quarter

$12.40B
Q1 2024
$12.15B
Q2 2024
$13.84B
Q3 2024
$15.89B
Q4 2024
$14.75B
Q1 2025
$18.94B
Q2 2025
$21.08B
Q3 2025
$19.40B
Q4 2025
$15.45B
Q1 2026

What does Newlands Management own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
META META PLATFORMS INC-CLASS ATechnology9.8M$5.61B36.3%Held
GOOGL ALPHABET INC-CL ATechnology6.2M$1.78B11.5%Held
HOOD ROBINHOOD MARKETS INC - AFinancials24.2M$1.67B10.8%Held
TSLA TESLA INCIndustrials3.8M$1.40B9.1%Held
AMZN AMAZON.COM INCConsumer discretionary6.6M$1.37B8.9%Held
DASH DOORDASH INC - AServices media7.1M$1.06B6.9%Held
SHOP SHOPIFY INC - CLASS ATechnology6.3M$750.3M4.9%Held
NFLX NETFLIX INCServices media6.7M$644.9M4.2%Held
MSFT MICROSOFT CORPTechnology1.1M$388.8M2.5%Held
SCHW SCHWAB (CHARLES) CORPFinancials3.2M$300.4M1.9%Held
AAPL APPLE INCTechnology249.0K$63.2M0.4%Held
GOOG ALPHABET INC-CL CTechnology90.7K$26.0M0.2%Held
COIN COINBASE GLOBAL INC -CLASS AFinancials13.8K$2.4M0.0%Held
MRNA MODERNA INCHealthcare6.1K$307K0.0%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202616$15.45B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202617$19.40B canonicalSEC ↗
Q3 202513F-HRNov 14, 202525$21.08B canonicalSEC ↗
Q2 202513F-HRAug 14, 202525$18.94B canonicalSEC ↗
Q1 202513F-HRMay 15, 202523$14.75B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202525$15.89B canonicalSEC ↗
Q3 202413F-HRNov 14, 202421$13.84B canonicalSEC ↗
Q2 202413F-HRAug 14, 202420$12.15B canonicalSEC ↗
Q1 202413F-HRMay 15, 202430$12.40B canonicalSEC ↗