OAKTOP CAPITAL MANAGEMENT II, L.P.
Long book
$1.34B
Q1 2026
Positions
14
Top-10 weight
98%
concentration
Last quarter
+51.8%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsOAKTOP CAPITAL MANAGEMENT II, L.P. is a concentrated fundamental stock-picker, running a $1.34B US long book across 14 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: LAM RESEARCH CORP, KLA CORP, ANALOG DEVICES INC, BROADCOM INC, BRISTOL-MYERS SQUIBB CO.
Over the last 9 quarters its long book ran on average 8.7pp per quarter ahead of the S&P 500, beating the index in 6 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
+13.1%
Q2 2024
-5.8%
Q3 2024
-12.2%
Q4 2024
-5.2%
Q1 2025
+27.5%
Q2 2025
+20.6%
Q3 2025
+13.2%
Q4 2025
+15.6%
Q1 2026
+51.8%
Sector allocation
Industrials 36%
Other 34%
Technology 26%
Healthcare 2%
Consumer discretionary 1%
Long book by quarter
What does OAKTOP CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LRCX LAM RESEARCH CORP | Industrials | 2.2M | $480.6M | 35.9% | -5.9% |
| KLAC KLA CORP | Other | 310.7K | $457.5M | 34.1% | Held |
| ADI ANALOG DEVICES INC | Technology | 466.2K | $148.3M | 11.1% | Held |
| AVGO BROADCOM INC | Technology | 362.8K | $112.3M | 8.4% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 480.0K | $29.1M | 2.2% | Held |
| DELL DELL TECHNOLOGIES -C | Technology | 130.6K | $21.4M | 1.6% | Held |
| EGAN EGAIN CORP | Technology | 2.7M | $21.1M | 1.6% | Held |
| ASPN ASPEN AEROGELS INC | Consumer discretionary | 5.2M | $17.7M | 1.3% | +17.6% |
| PINS PINTEREST INC- CLASS A | Technology | 850.0K | $15.6M | 1.2% | +30.8% |
| PRGS PROGRESS SOFTWARE CORP | Technology | 508.6K | $13.0M | 1.0% | Held |
| GRMN GARMIN LTD | Technology | 48.0K | $11.1M | 0.8% | Held |
| CEVA CEVA INC | Technology | 446.4K | $8.3M | 0.6% | Held |
| INTC INTEL CORP | Technology | 23.0K | $1.0M | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 14 | $1.34B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 13 | $1.18B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 15 | $1.11B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 15 | $929.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 15 | $750.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 15 | $800.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 15 | $916.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 16 | $976.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 15 | $865.4M | canonical | SEC ↗ |
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