Pacific Heights Asset Management LLC
Long book
$2.99B
Q1 2026
Positions
77
Top-10 weight
43%
concentration
Last quarter
+4.7%
SPY +14.8%
Turnover
3%
of book per quarter
Strategy in plain words
auto-generated from filingsPacific Heights Asset Management LLC is a diversified fundamental manager, running a $2.99B US long book across 77 positions.
The portfolio is moderately concentrated (top 10 ≈ 43% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: TEXAS PACIFIC LAND CORP, PALANTIR TECHNOLOGIES INC-A, FREEPORT-MCMORAN INC, NVIDIA CORP, META PLATFORMS INC-CLASS A.
Over the last 9 quarters its long book ran on average 1.6pp per quarter ahead of the S&P 500, beating the index in 8 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
+8.4%
Q3 2024
+5.7%
Q4 2024
+2.1%
Q1 2025
+11.4%
Q2 2025
+8.5%
Q3 2025
+2.9%
Q4 2025
+6.7%
Q1 2026
+4.7%
Sector allocation
Technology 30%
Financials 18%
Energy 15%
Industrials 12%
Materials 11%
Services media 5%
Consumer discretionary 4%
Other 3%
Long book by quarter
What does Pacific Heights own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TPL TEXAS PACIFIC LAND CORP | Financials | 620.0K | $294.2M | 9.8% | Held |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 1.4M | $198.9M | 6.7% | +15.7% |
| FCX FREEPORT-MCMORAN INC | Materials | 2.6M | $155.8M | 5.2% | Held |
| NVDA NVIDIA CORP | Technology | 875.0K | $152.6M | 5.1% | +1.7% |
| META META PLATFORMS INC-CLASS A | Technology | 230.0K | $131.6M | 4.4% | +21.1% |
| AVGO BROADCOM INC | Technology | 260.0K | $80.5M | 2.7% | +3.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 73.0K | $72.7M | 2.4% | +1.4% |
| APP APPLOVIN CORP-CLASS A | Technology | 175.0K | $69.7M | 2.3% | +45.8% |
| LMT LOCKHEED MARTIN CORP | Industrials | 105.0K | $63.5M | 2.1% | +16.7% |
| PH PARKER HANNIFIN CORP | Industrials | 65.0K | $58.2M | 1.9% | Held |
| CVX CHEVRON CORP | Energy | 275.0K | $56.9M | 1.9% | Held |
| CCJ CAMECO CORP | Materials | 500.0K | $54.3M | 1.8% | Held |
| XOM EXXON MOBIL CORP | Energy | 275.0K | $46.7M | 1.6% | Held |
| MS MORGAN STANLEY | Financials | 275.0K | $45.3M | 1.5% | +10.0% |
| COP CONOCOPHILLIPS | Energy | 300.0K | $39.6M | 1.3% | Held |
| ALB ALBEMARLE CORP | Materials | 200.0K | $35.9M | 1.2% | Held |
| OVV OVINTIV INC | Energy | 600.0K | $35.6M | 1.2% | Held |
| TWLO TWILIO INC - A | Technology | 275.0K | $34.6M | 1.2% | +31.0% |
| V VISA INC-CLASS A SHARES | Services media | 110.0K | $33.2M | 1.1% | +29.4% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 350.0K | $32.9M | 1.1% | +6.1% |
| AMGN AMGEN INC | Healthcare | 90.0K | $31.7M | 1.1% | +5.9% |
| STT STATE STREET CORP | Financials | 250.0K | $31.6M | 1.1% | +16.3% |
| AFRM AFFIRM HOLDINGS INC | Financials | 675.0K | $30.9M | 1.0% | +28.6% |
| FDX FEDEX CORP | Industrials | 85.0K | $30.3M | 1.0% | Held |
| NTR NUTRIEN LTD | Other | 400.0K | $30.2M | 1.0% | Held |
| ITW ILLINOIS TOOL WORKS | Industrials | 115.0K | $29.9M | 1.0% | Held |
| ADSK AUTODESK INC | Technology | 125.0K | $29.9M | 1.0% | +31.6% |
| NUE NUCOR CORP | Industrials | 175.0K | $29.6M | 1.0% | Held |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 450.0K | $29.3M | 1.0% | Held |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 100.0K | $29.0M | 1.0% | Held |
| DVN DEVON ENERGY CORP | Energy | 550.0K | $27.7M | 0.9% | Held |
| WSM WILLIAMS-SONOMA INC | Consumer discretionary | 150.0K | $27.3M | 0.9% | Held |
| UBER UBER TECHNOLOGIES INC | Services media | 375.0K | $27.0M | 0.9% | +11.9% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 550.0K | $26.8M | 0.9% | Held |
| DINO HF SINCLAIR CORP | Energy | 425.0K | $26.5M | 0.9% | Held |
| IPGP IPG PHOTONICS CORP | Technology | 225.0K | $25.8M | 0.9% | Held |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 325.0K | $25.6M | 0.9% | +14.0% |
| LEN LENNAR CORP-A | Industrials | 275.0K | $23.9M | 0.8% | +22.2% |
| APA APA CORP | Energy | 550.0K | $23.3M | 0.8% | Held |
| MUR MURPHY OIL CORP | Energy | 550.0K | $22.7M | 0.8% | Held |
| VNOM VIPER ENERGY INC-CL A | Energy | 450.0K | $21.1M | 0.7% | Held |
| R RYDER SYSTEM INC | Services media | 100.0K | $20.5M | 0.7% | Held |
| WYNN WYNN RESORTS LTD | Services media | 195.0K | $19.8M | 0.7% | +30.0% |
| BIREF BIRCHCLIFF ENERGY LTD | — | 3.5M | $19.2M | 0.6% | Held |
| DIS WALT DISNEY CO/THE | Services media | 195.0K | $18.8M | 0.6% | +30.0% |
| FLR FLUOR CORP | Industrials | 400.0K | $18.7M | 0.6% | Held |
| PSX PHILLIPS 66 | Energy | 100.0K | $18.2M | 0.6% | Held |
| A AGILENT TECHNOLOGIES INC | Healthcare | 150.0K | $17.1M | 0.6% | Held |
| LULU LULULEMON ATHLETICA INC | Other | 75.0K | $11.5M | 0.4% | Held |
| QUBT QUANTUM COMPUTING INC | Technology | 1.0M | $6.8M | 0.2% | +11.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 77 | $2.99B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 79 | $2.67B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 29, 2025 | 79 | $2.26B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 30, 2025 | 78 | $1.88B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 72 | $1.47B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 71 | $1.47B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 28, 2024 | 71 | $1.35B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 72 | $1.27B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 72 | $1.22B | canonical | SEC ↗ |
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