SP Asset Management LLC
Long book
$1.13B
Q1 2026
Positions
119
Top-10 weight
56%
concentration
Last quarter
+14.2%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsSP Asset Management LLC is an institutional manager, running a $1.13B US long book across 119 positions.
The portfolio is concentrated: the top 10 names carry 56% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: META PLATFORMS INC-CLASS A, BERKSHIRE HATHAWAY INC-CL B, APPLE INC, VANGUARD GROWTH ETF, ABBVIE INC.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.0%
Q2 2024
+7.0%
Q3 2024
+0.9%
Q4 2024
-1.4%
Q1 2025
+8.4%
Q2 2025
+6.8%
Q3 2025
-0.4%
Q4 2025
-7.9%
Q1 2026
+14.2%
Sector allocation
Technology 53%
Financials 21%
Healthcare 12%
Consumer discretionary 6%
Consumer staples 2%
Energy 2%
Other 1%
Services media 1%
Long book by quarter
What does SP Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| META META PLATFORMS INC-CLASS A | Technology | 341.3K | $195.3M | 17.2% | -0.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 187.5K | $89.9M | 7.9% | -1.2% |
| AAPL APPLE INC | Technology | 223.3K | $56.7M | 5.0% | +0.8% |
| ABBV ABBVIE INC | Healthcare | 226.0K | $49.2M | 4.3% | -1.1% |
| GOOGL ALPHABET INC-CL A | Technology | 146.4K | $42.1M | 3.7% | -0.7% |
| UNH UNITEDHEALTH GROUP INC | Financials | 137.8K | $37.3M | 3.3% | +0.1% |
| MSFT MICROSOFT CORP | Technology | 90.0K | $33.3M | 2.9% | +9.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 132.6K | $27.6M | 2.4% | -1.9% |
| ADI ANALOG DEVICES INC | Technology | 73.8K | $23.5M | 2.1% | -0.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 88.8K | $21.7M | 1.9% | -0.1% |
| WFC WELLS FARGO & CO | Financials | 272.4K | $21.7M | 1.9% | -0.3% |
| BAC BANK OF AMERICA CORP | Financials | 383.7K | $18.7M | 1.7% | -0.9% |
| GOOG ALPHABET INC-CL C | Technology | 58.5K | $16.8M | 1.5% | -2.3% |
| ORCL ORACLE CORP | Technology | 105.0K | $15.4M | 1.4% | -0.7% |
| MRK MERCK & CO. INC. | Healthcare | 115.5K | $13.9M | 1.2% | -1.4% |
| HD HOME DEPOT INC | Consumer discretionary | 41.6K | $13.7M | 1.2% | -2.6% |
| XOM EXXON MOBIL CORP | Energy | 80.4K | $13.6M | 1.2% | -1.2% |
| ABT ABBOTT LABORATORIES | Healthcare | 127.0K | $13.0M | 1.2% | -0.5% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 70.5K | $11.7M | 1.0% | +1.0% |
| QCOM QUALCOMM INC | Technology | 90.3K | $11.6M | 1.0% | -36.8% |
| NVDA NVIDIA CORP | Technology | 64.5K | $11.2M | 1.0% | -16.4% |
| AXP AMERICAN EXPRESS CO | Financials | 33.8K | $10.2M | 0.9% | +0.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 43.4K | $8.8M | 0.8% | +0.2% |
| SBUX STARBUCKS CORP | Consumer discretionary | 75.2K | $6.7M | 0.6% | -3.2% |
| AMAT APPLIED MATERIALS INC | Technology | 17.7K | $6.0M | 0.5% | -6.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 40.2K | $5.8M | 0.5% | -1.1% |
| V VISA INC-CLASS A SHARES | Services media | 19.0K | $5.7M | 0.5% | -3.4% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 24.3K | $5.5M | 0.5% | -3.6% |
| NTNX NUTANIX INC - A | Technology | 140.2K | $5.3M | 0.5% | Held |
| PEP PEPSICO INC | Consumer staples | 28.7K | $4.5M | 0.4% | -4.4% |
| CRM SALESFORCE INC | Technology | 23.3K | $4.3M | 0.4% | -2.3% |
| LH LABCORP HOLDINGS INC | Healthcare | 14.2K | $3.8M | 0.3% | -0.5% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 57.8K | $3.3M | 0.3% | -3.7% |
| NKE NIKE INC -CL B | Other | 59.8K | $3.2M | 0.3% | -23.6% |
| AVGO BROADCOM INC | Technology | 9.9K | $3.1M | 0.3% | -7.6% |
| LLY ELI LILLY & CO | Healthcare | 2.8K | $2.5M | 0.2% | -2.5% |
| NFLX NETFLIX INC | Services media | 26.5K | $2.5M | 0.2% | -8.3% |
| CTSH COGNIZANT TECH SOLUTIONS-A | Technology | 41.0K | $2.5M | 0.2% | -2.9% |
| RBRK RUBRIK INC-A | Technology | 44.6K | $2.2M | 0.2% | Held |
| PANW PALO ALTO NETWORKS INC | Technology | 13.0K | $2.1M | 0.2% | 0.0% |
| SNPS SYNOPSYS INC | Technology | 3.7K | $1.5M | 0.1% | -1.0% |
| FRSH FRESHWORKS INC-CL A | Technology | 155.9K | $1.3M | 0.1% | -28.5% |
| TSLA TESLA INC | Industrials | 3.1K | $1.1M | 0.1% | -30.2% |
| MA MASTERCARD INC - A | Services media | 2.1K | $1.0M | 0.1% | -6.8% |
| KLAC KLA CORP | Other | 672 | $990K | 0.1% | -3.4% |
| ANET ARISTA NETWORKS INC | Technology | 7.8K | $964K | 0.1% | -1.3% |
| UAN CVR PARTNERS LP | Other | 7.3K | $929K | 0.1% | +0.3% |
| MO ALTRIA GROUP INC | Consumer staples | 13.5K | $889K | 0.1% | -5.0% |
| JPM JPMORGAN CHASE & CO | Financials | 2.6K | $761K | 0.1% | -19.3% |
| CSCO CISCO SYSTEMS INC | Technology | 9.8K | $757K | 0.1% | +4.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 119 | $1.13B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 28, 2026 | 137 | $1.26B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 139 | $1.26B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 6, 2025 | 132 | $1.21B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 120 | $1.13B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 129 | $1.19B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 133 | $1.20B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 130 | $1.10B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 123 | $1.07B | canonical | SEC ↗ |
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