Peirce Capital Management, LLC
Long book
$255.7M
Q1 2026
Positions
43
Top-10 weight
80%
concentration
Last quarter
+10.0%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsPeirce Capital Management, LLC is a wealth-management firm allocating client money, running a $255.7M US long book across 43 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: EA Bridgeway Omni Sm-Cp Val, DIMENSIONAL US CORE EQUITY 2, ISHARES CORE S&P TOTAL U.S., AVANTIS INTL S/C VALUE ETF, DIMENSIONAL INTERNATIONAL VA.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.0%
Q2 2024
+6.9%
Q3 2024
-2.5%
Q4 2024
-0.4%
Q1 2025
+8.2%
Q2 2025
+7.6%
Q3 2025
+4.0%
Q4 2025
+2.9%
Q1 2026
+10.0%
Sector allocation
Energy 37%
Technology 29%
Industrials 19%
Utilities 5%
Healthcare 5%
Consumer discretionary 4%
Long book by quarter
What does Peirce Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 2.9K | $1.1M | 0.4% | Held |
| XOM EXXON MOBIL CORP | Energy | 4.8K | $814K | 0.3% | +11.7% |
| COP CONOCOPHILLIPS | Energy | 5.2K | $684K | 0.3% | +14.3% |
| CMC COMMERCIAL METALS CO | Industrials | 11.0K | $674K | 0.3% | Held |
| NVDA NVIDIA CORP | Technology | 3.7K | $647K | 0.3% | Held |
| TSLA TESLA INC | Industrials | 1.6K | $607K | 0.2% | +3.2% |
| TALO TALOS ENERGY INC | Energy | 36.5K | $575K | 0.2% | Held |
| CVX CHEVRON CORP | Energy | 2.1K | $436K | 0.2% | -21.9% |
| LNG CHENIERE ENERGY INC | Utilities | 1.3K | $357K | 0.1% | Held |
| LLY ELI LILLY & CO | Healthcare | 377 | $347K | 0.1% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.3K | $262K | 0.1% | -6.0% |
| AAPL APPLE INC | Technology | 929 | $236K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 20, 2026 | 43 | $255.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 43 | $251.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 6, 2025 | 40 | $240.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 8, 2025 | 45 | $225.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 35 | $202.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 2, 2025 | 35 | $194.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 9, 2024 | 35 | $199.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 3, 2024 | 37 | $188.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 2, 2024 | 40 | $182.2M | canonical | SEC ↗ |