Pine Ridge Advisers LLC
Long book
$1.41B
Q1 2026
Positions
39
Top-10 weight
81%
concentration
Last quarter
+13.2%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsPine Ridge Advisers LLC is a wealth-management firm allocating client money, specialised in financials (62% of the long book), running a $1.41B US long book across 39 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: SS SPDR S&P 500 ETF TRUST-US, ISHARES CORE S&P 500 ETF, VANGUARD MID-CAP ETF, ISHARES BITCOIN TRUST ETF, INVESCO QQQ TRUST SERIES 1.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 3 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
-1.1%
Q2 2024
+5.5%
Q3 2024
+10.2%
Q4 2024
-5.5%
Q1 2025
+13.6%
Q2 2025
+8.1%
Q3 2025
-1.4%
Q4 2025
-4.6%
Q1 2026
+13.2%
Sector allocation
Technology 45%
Energy 18%
Other 9%
Financials 7%
Industrials 7%
Healthcare 6%
Consumer discretionary 5%
Services media 3%
Long book by quarter
What does Pine Ridge own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AESI ATLAS ENERGY SOLUTIONS INC | Energy | 1.8M | $24.2M | 1.7% | Held |
| GOOG ALPHABET INC-CL C | Technology | 63.1K | $18.1M | 1.3% | +31.5% |
| OTF BLUE OWL TECHNOLOGY FINANCE | — | 1.0M | $12.7M | 0.9% | +100.0% |
| GOOGL ALPHABET INC-CL A | Technology | 42.8K | $12.3M | 0.9% | Held |
| AAPL APPLE INC | Technology | 31.2K | $7.9M | 0.6% | +14.3% |
| ROIV ROIVANT SCIENCES LTD | Healthcare | 276.5K | $7.7M | 0.5% | Held |
| NVDA NVIDIA CORP | Technology | 40.0K | $7.0M | 0.5% | New |
| AMZN AMAZON.COM INC | Consumer discretionary | 31.8K | $6.6M | 0.5% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 21.5K | $6.3M | 0.4% | Held |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 4.5K | $6.0M | 0.4% | +48.9% |
| META META PLATFORMS INC-CLASS A | Technology | 10.2K | $5.9M | 0.4% | Held |
| MSFT MICROSOFT CORP | Technology | 13.8K | $5.1M | 0.4% | +45.6% |
| INTC INTEL CORP | Technology | 112.0K | $4.9M | 0.4% | Held |
| STUB STUBHUB HOLDINGS INC-CLASS A | Services media | 659.8K | $4.1M | 0.3% | New |
| TSLA TESLA INC | Industrials | 9.9K | $3.7M | 0.3% | +85.1% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 5 | $3.6M | 0.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 18, 2026 | 41 | $1.62B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 38 | $1.68B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 17, 2025 | 38 | $1.68B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 15, 2025 | 40 | $1.59B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 35 | $1.17B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 35 | $1.12B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 35 | $1.00B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 34 | $938.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 31 | $855.4M | canonical | SEC ↗ |