SCRATCH CAPITAL LLC
Long book
$174.6M
Q1 2026
Positions
45
Top-10 weight
84%
concentration
Last quarter
+9.0%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsSCRATCH CAPITAL LLC is a wealth-management firm allocating client money, specialised in technology (61% of the long book), running a $174.6M US long book across 45 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: DIMENSIONAL US CORE EQUITY 2, DIMENSIONAL INTERNATIONAL CO, VANGUARD SHORT-TERM TREASURY, DIMENSIONAL US HIGH PROFI ET, DIMENSIONAL INFLATION-PROTEC.
Over the last 6 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 2 of 6 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
Q4 2024
-1.1%
Q1 2025
+7.8%
Q2 2025
+5.4%
Q3 2025
+2.5%
Q4 2025
-0.2%
Q1 2026
+9.0%
Sector allocation
Technology 61%
Consumer discretionary 25%
Financials 9%
Energy 2%
Industrials 2%
Materials 0%
Services media 0%
Healthcare 0%
Long book by quarter
What does SCRATCH CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 8.4K | $1.5M | 0.8% | +15.6% |
| INTU INTUIT INC | Technology | 3.0K | $1.3M | 0.7% | -4.6% |
| WMT WALMART INC | Consumer discretionary | 7.7K | $955K | 0.5% | -0.8% |
| WFC WELLS FARGO & CO | Financials | 11.7K | $931K | 0.5% | -15.9% |
| MU MICRON TECHNOLOGY INC | Technology | 2.7K | $916K | 0.5% | +41.1% |
| CSCO CISCO SYSTEMS INC | Technology | 9.8K | $761K | 0.4% | -3.5% |
| BROS DUTCH BROS INC-CLASS A | Consumer discretionary | 11.9K | $601K | 0.3% | Held |
| AAPL APPLE INC | Technology | 2.2K | $568K | 0.3% | +3.6% |
| GME GAMESTOP CORP-CLASS A | Consumer discretionary | 24.5K | $564K | 0.3% | -2.7% |
| MSFT MICROSOFT CORP | Technology | 1.3K | $490K | 0.3% | +14.4% |
| META META PLATFORMS INC-CLASS A | Technology | 476 | $273K | 0.2% | New |
| ORCL ORACLE CORP | Technology | 1.8K | $262K | 0.2% | -7.5% |
| GOOGL ALPHABET INC-CL A | Technology | 910 | $262K | 0.1% | -18.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.2K | $250K | 0.1% | +15.2% |
| CVX CHEVRON CORP | Energy | 1.1K | $230K | 0.1% | New |
| HD HOME DEPOT INC | Consumer discretionary | 668 | $220K | 0.1% | +7.6% |
| TSLA TESLA INC | Industrials | 581 | $216K | 0.1% | -8.5% |
| NAK NORTHERN DYNASTY MINERALS | Materials | 32.4K | $45K | 0.0% | Held |
| BAER BRIDGER AEROSPACE GROUP HOLD | Services media | 13.6K | $27K | 0.0% | New |
| LUCD LUCID DIAGNOSTICS INC | Healthcare | 21.0K | $24K | 0.0% | Held |
| DAIC CID HOLDCO INC | Technology | 22.8K | $4K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 45 | $174.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 13, 2026 | 47 | $152.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 15, 2025 | 63 | $151.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 11, 2025 | 37 | $122.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 17, 2025 | 33 | $96.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 33 | $81.9M | canonical | SEC ↗ |