Panoramic Capital, LLC

Fundamental concentrated ★Signal CIK 1950490
League rank
#147
in Fundamental concentrated · #233 overall
Long book
$142.4M
Q1 2026
Positions
38
Top-10 weight
57%
concentration
Last quarter
+28.1%
SPY +14.8%
Turnover
56%
of book per quarter

Strategy in plain words

auto-generated from filings

Panoramic Capital, LLC is a concentrated fundamental stock-picker, running a $142.4M US long book across 38 positions.

The portfolio is concentrated: the top 10 names carry 57% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: SEAGATE TECHNOLOGY HOLDINGS, LUMENTUM HOLDINGS INC, FIVE BELOW, HALOZYME THERAPEUTICS INC, AMAZON.COM INC.

Over the last 6 quarters its long book ran on average 3.9pp per quarter ahead of the S&P 500, beating the index in 4 of 6 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
Q4 2024
-14.3%
Q1 2025
+9.9%
Q2 2025
+13.2%
Q3 2025
+8.3%
Q4 2025
+5.9%
Q1 2026
+28.1%

Sector allocation

Technology
28%
Consumer discretionary
21%
Healthcare
14%
Other
13%
Industrials
9%
Services media
7%
Communications
4%
Utilities
3%

Long book by quarter

$125.7M
Q4 2024
$80.0M
Q1 2025
$129.8M
Q2 2025
$157.8M
Q3 2025
$174.7M
Q4 2025
$142.4M
Q1 2026

What does Panoramic Capital, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
STXN SEAGATE TECHNOLOGY HOLDINGS38.5K$15.1M10.6%-28.6%
LITE LUMENTUM HOLDINGS INCTechnology19.2K$13.5M9.5%-62.7%
FIVE FIVE BELOWConsumer discretionary39.3K$9.0M6.3%-21.1%
HALO HALOZYME THERAPEUTICS INCHealthcare116.4K$7.5M5.3%-4.9%
AMZN AMAZON.COM INCConsumer discretionary34.3K$7.1M5.0%-5.5%
TWLO TWILIO INC - ATechnology55.7K$7.0M4.9%+36.9%
NFLX NETFLIX INCServices media60.2K$5.8M4.1%+84.1%
MOD MODINE MANUFACTURING COIndustrials26.2K$5.7M4.0%-48.8%
ATEX ANTERIX INCCommunications135.0K$5.2M3.6%New
W WAYFAIR INC- CLASS AConsumer discretionary66.2K$5.0M3.5%-29.3%
LLY ELI LILLY & COHealthcare5.2K$4.8M3.4%+59.4%
ETON ETON PHARMACEUTICALS INCHealthcare185.0K$4.6M3.2%New
NVDA NVIDIA CORPTechnology25.0K$4.4M3.1%-74.5%
LNG CHENIERE ENERGY INCUtilities15.0K$4.3M3.0%New
BOOT BOOT BARN HOLDINGS INCConsumer discretionary28.1K$4.1M2.9%-17.6%
CECO CECO ENVIRONMENTAL CORPIndustrials66.6K$4.0M2.8%+42.9%
ON ON SEMICONDUCTORTechnology57.5K$3.6M2.5%New
KRUS KURA SUSHI USA INC-CLASS AConsumer discretionary50.0K$3.5M2.5%New
MNRO MONRO INCServices media178.7K$2.9M2.0%+24.4%
MEC MAYVILLE ENGINEERING CO INCIndustrials140.0K$2.5M1.8%New
WOLF WOLFSPEED INCTechnology140.0K$2.3M1.6%New
PTON PELOTON INTERACTIVE INC-AOther531.6K$2.3M1.6%+6.0%
PRCH PORCH GROUP INCTechnology269.9K$1.9M1.4%New
NPKI NPK INTERNATIONAL INCServices media127.8K$1.9M1.3%-37.0%
HNGE HINGE HEALTH INC-ATechnology45.0K$1.7M1.2%New
FANG DIAMONDBACK ENERGY INCEnergy7.5K$1.5M1.0%New
SNOW SNOWFLAKE INCTechnology9.5K$1.4M1.0%-53.7%
NRXS NEURAXIS INCHealthcare190.0K$1.4M1.0%+15.2%
NAT NORDIC AMERICAN TANKERS LTDIndustrials225.0K$1.3M0.9%New
BLND BLEND LABS INC-ATechnology772.7K$1.3M0.9%+10.7%
PLSE PULSE BIOSCIENCES INCHealthcare58.1K$1.3M0.9%+52.6%
ROC RANK ONE COMPUTING CORPTechnology175.0K$1.2M0.9%New
SBUX STARBUCKS CORPConsumer discretionary10.1K$905K0.6%New
EVLV EVOLV TECHNOLOGIES HOLDINGSTechnology133.6K$808K0.6%+23.0%
O6C1 MDXHEALTH238.7K$549K0.4%Held
LWLG LIGHTWAVE LOGIC INCOther75.0K$527K0.4%-50.0%
SHAZ SHARONAI HOLDINGS INCTechnology20.0K$455K0.3%New
MBLY MOBILEYE GLOBAL INC-ATechnology50.0K$344K0.2%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202638$142.4M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202639$186.3M canonicalSEC ↗
Q3 202513F-HRNov 14, 202547$222.6M canonicalSEC ↗
Q2 202513F-HRAug 14, 202537$132.2M canonicalSEC ↗
Q1 202513F-HRMay 15, 202531$86.5M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202543$187.7M canonicalSEC ↗