RAHLFS CAPITAL, LLC

Fundamental diversified ★Signal CIK 2056410
League rank
#826
in Fundamental diversified · #6823 overall
Long book
$136.1M
Q1 2026
Positions
86
Top-10 weight
45%
concentration
Last quarter
+6.5%
SPY +14.8%
Turnover
7%
of book per quarter

Strategy in plain words

auto-generated from filings

RAHLFS CAPITAL, LLC is a diversified fundamental manager, running a $136.1M US long book across 86 positions.

The portfolio is moderately concentrated (top 10 ≈ 45% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: JPMORGAN ULTRA-SHORT INCOME, APPLE INC, BERKSHIRE HATHAWAY INC-CL B, EXXON MOBIL CORP, WALMART INC.

Over the last 6 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 3 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
+0.3%
Q1 2025
+5.8%
Q2 2025
+10.0%
Q3 2025
+1.8%
Q4 2025
+2.4%
Q1 2026
+6.5%

Sector allocation

Technology
29%
Energy
15%
Consumer discretionary
13%
Financials
9%
Healthcare
8%
Utilities
7%
Consumer staples
6%
Services media
5%

Long book by quarter

$100.9M
Q4 2024
$99.9M
Q1 2025
$109.2M
Q2 2025
$126.4M
Q3 2025
$128.8M
Q4 2025
$136.1M
Q1 2026

What does RAHLFS CAPITAL, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology36.9K$9.4M6.9%Held
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials15.0K$7.2M5.3%-0.3%
XOM EXXON MOBIL CORPEnergy36.1K$6.1M4.5%-0.1%
WMT WALMART INCConsumer discretionary47.0K$5.8M4.3%-0.3%
GOOGL ALPHABET INC-CL ATechnology18.4K$5.3M3.9%-0.9%
MSFT MICROSOFT CORPTechnology14.0K$5.2M3.8%-0.5%
MCD MCDONALD'S CORPConsumer discretionary9.2K$2.8M2.1%-0.5%
SO SOUTHERN CO/THEUtilities27.9K$2.7M2.0%Held
VZ VERIZON COMMUNICATIONS INCCommunications50.9K$2.6M1.9%-0.7%
NEM NEWMONT CORPMaterials23.6K$2.6M1.9%-0.5%
APA APA CORPEnergy58.7K$2.5M1.8%Held
TXN TEXAS INSTRUMENTS INCTechnology12.0K$2.3M1.7%Held
JNJ JOHNSON & JOHNSONHealthcare8.6K$2.1M1.5%-3.4%
AMZN AMAZON.COM INCConsumer discretionary9.6K$2.0M1.5%Held
NVDA NVIDIA CORPTechnology11.3K$2.0M1.4%Held
TKO TKO GROUP HOLDINGS INCServices media9.7K$2.0M1.4%Held
DUK DUKE ENERGY CORPUtilities15.0K$2.0M1.4%Held
EOG EOG RESOURCES INCEnergy12.3K$1.8M1.3%+83.6%
CVX CHEVRON CORPEnergy8.1K$1.7M1.2%Held
PEP PEPSICO INCConsumer staples10.7K$1.7M1.2%Held
INTC INTEL CORPTechnology36.8K$1.6M1.2%+17.3%
BSM BLACK STONE MINERALS LPEnergy100.1K$1.5M1.1%Held
ADM ARCHER-DANIELS-MIDLAND COConsumer staples20.8K$1.5M1.1%+136.3%
TSLA TESLA INCIndustrials3.9K$1.5M1.1%-0.5%
EBAY EBAY INCServices media15.6K$1.4M1.0%Held
AMD ADVANCED MICRO DEVICESTechnology6.8K$1.4M1.0%+58.4%
ABBV ABBVIE INCHealthcare6.4K$1.4M1.0%-7.9%
PM PHILIP MORRIS INTERNATIONALConsumer staples7.8K$1.3M1.0%Held
ORCL ORACLE CORPTechnology8.2K$1.2M0.9%Held
BMY BRISTOL-MYERS SQUIBB COHealthcare19.9K$1.2M0.9%-0.6%
ET ENERGY TRANSFER LPUtilities58.2K$1.1M0.8%New
PFE PFIZER INCHealthcare37.7K$1.1M0.8%Held
CRK COMSTOCK RESOURCES INCEnergy49.4K$1.0M0.8%Held
TGT TARGET CORPConsumer discretionary7.7K$933K0.7%Held
ABT ABBOTT LABORATORIESHealthcare8.3K$856K0.6%Held
MO ALTRIA GROUP INCConsumer staples11.6K$765K0.6%Held
D DOMINION ENERGY INCUtilities12.1K$745K0.5%Held
GPC GENUINE PARTS COConsumer discretionary7.0K$738K0.5%-2.6%
KO COCA-COLA CO/THEConsumer staples9.5K$719K0.5%Held
UBER UBER TECHNOLOGIES INCServices media9.8K$705K0.5%-2.0%
FWONK LIBERTY MEDIA CORP-FORMULA-CCommunications8.1K$689K0.5%Held
CPNG COUPANG INCConsumer discretionary34.0K$642K0.5%-2.4%
MRK MERCK & CO. INC.Healthcare5.3K$641K0.5%Held
GS GOLDMAN SACHS GROUP INCFinancials700$592K0.4%Held
DVN DEVON ENERGY CORPEnergy11.4K$575K0.4%Held
WMB WILLIAMS COS INCUtilities7.8K$566K0.4%Held
COST COSTCO WHOLESALE CORPConsumer discretionary540$538K0.4%Held
ADBE ADOBE INCTechnology2.1K$512K0.4%Held
CVS CVS HEALTH CORPHealthcare5.9K$426K0.3%Held
PG PROCTER & GAMBLE CO/THEOther2.8K$398K0.3%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 11, 202686$136.1M canonicalSEC ↗
Q4 202513F-HRFeb 5, 202684$128.8M canonicalSEC ↗
Q3 202513F-HRNov 12, 202588$126.4M canonicalSEC ↗
Q2 202513F-HRAug 11, 202589$109.2M canonicalSEC ↗
Q1 202513F-HRMay 14, 202576$99.9M canonicalSEC ↗
Q4 202413F-HR/ARESTATEMENTMay 14, 202578$100.9M canonicalSEC ↗
Q4 202413F-HRFeb 13, 202578$107.3M SEC ↗