TANAKA CAPITAL MANAGEMENT INC

Fundamental concentrated ★Highest signal CIK 816788
Long book
$59.9M
Q1 2026
Positions
43
Top-10 weight
65%
concentration
Last quarter
+18.1%
SPY +14.8%
Turnover
2%
of book per quarter

Strategy in plain words

auto-generated from filings

TANAKA CAPITAL MANAGEMENT INC is a concentrated fundamental stock-picker, running a $59.9M US long book across 43 positions.

The portfolio is concentrated: the top 10 names carry 65% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: UNITED STATES ANTIMONY CORP, NEXGEN ENERGY LTD, CORCEPT THERAPEUTICS INC, NVIDIA CORP, Aura Minerals, Inc..

Over the last 8 quarters its long book ran on average 1.8pp per quarter ahead of the S&P 500, beating the index in 5 of 8 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+8.3%
Q2 2024
+3.9%
Q3 2024
+2.5%
Q4 2024
+8.1%
Q1 2025
+1.8%
Q3 2025
+0.4%
Q4 2025
+3.4%
Q1 2026
+18.1%

Sector allocation

Technology
24%
Materials
23%
Healthcare
20%
Industrials
14%
Financials
7%
Other
5%
Consumer staples
3%
Consumer discretionary
2%

Long book by quarter

$40.6M
Q1 2024
$42.2M
Q2 2024
$43.2M
Q3 2024
$43.7M
Q4 2024
$42.0M
Q1 2025
$55.5M
Q3 2025
$54.8M
Q4 2025
$59.9M
Q1 2026

What does TANAKA CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
UAMY UNITED STATES ANTIMONY CORPIndustrials616.0K$5.4M9.0%Held
NXE NEXGEN ENERGY LTDMaterials439.2K$5.1M8.5%-0.8%
CORT CORCEPT THERAPEUTICS INCHealthcare110.9K$4.5M7.5%-0.2%
NVDA NVIDIA CORPTechnology24.8K$4.3M7.2%-0.1%
AUGO Aura Minerals, Inc.Materials50.1K$4.1M6.8%+11.7%
NUVB NUVATION BIO INCHealthcare901.8K$3.9M6.5%+7.2%
AAPL APPLE INCTechnology12.9K$3.3M5.4%-0.6%
CPRX CATALYST PHARMACEUTICALS INCHealthcare113.4K$2.8M4.7%-0.9%
ONTO ONTO INNOVATION INCOther12.4K$2.6M4.3%-3.0%
AMAT APPLIED MATERIALS INCTechnology7.0K$2.4M4.0%-0.5%
CCJ CAMECO CORPMaterials21.6K$2.3M3.9%+31.6%
SYM SYMBOTIC INCIndustrials43.1K$2.3M3.8%-0.6%
AFL AFLAC INCFinancials20.0K$2.2M3.7%-1.6%
ELVA ELECTROVAYA INCTechnology253.9K$2.0M3.3%Held
SF STIFEL FINANCIAL CORPFinancials19.1K$1.4M2.4%+50.0%
AMZN AMAZON.COM INCConsumer discretionary6.1K$1.3M2.1%+20.0%
QCOM QUALCOMM INCTechnology9.1K$1.2M2.0%+17.6%
PEP PEPSICO INCConsumer staples7.1K$1.1M1.8%+140.9%
UEC URANIUM ENERGY CORPMaterials77.1K$1.0M1.7%Held
MA MASTERCARD INC - AServices media1.9K$946K1.6%+57.6%
PM PHILIP MORRIS INTERNATIONALConsumer staples2.9K$471K0.8%-55.0%
META META PLATFORMS INC-CLASS ATechnology803$459K0.8%-0.7%
ASML ASML Holding N.V. ADRIndustrials224$296K0.5%Held
ACN ACCENTURE PLC-CL AServices media502$100K0.2%-1.8%
JPM JPMORGAN CHASE & COFinancials188$55K0.1%-9.2%
BYSI BEYONDSPRING INCHealthcare26.3K$43K0.1%Held
CL COLGATE-PALMOLIVE COOther263$22K0.0%Held
MDLZ MONDELEZ INTERNATIONAL INC-AConsumer staples192$11K0.0%Held
BMY BRISTOL-MYERS SQUIBB COHealthcare166$10K0.0%Held
PG PROCTER & GAMBLE CO/THEOther63$9K0.0%Held
INTC INTEL CORPTechnology180$8K0.0%Held
KHC Kraft Heinz CompanyConsumer staples279$6K0.0%Held
CHD CHURCH & DWIGHT CO INCOther26$2K0.0%Held
JNJ JOHNSON & JOHNSONHealthcare9$2K0.0%Held
TRV TRAVELERS COS INC/THEFinancials6$2K0.0%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 18, 202644$59.9M $K fixed canonicalSEC ↗
Q4 202513F-HRFeb 17, 202645$54.8M $K fixed canonicalSEC ↗
Q3 202513F-HRNov 14, 202545$55.5M $K fixed canonicalSEC ↗
Q1 202513F-HRMay 15, 202542$42.0M $K fixed canonicalSEC ↗
Q4 202413F-HRFeb 14, 202545$43.7M $K fixed canonicalSEC ↗
Q3 202413F-HRNov 15, 202445$43.2M $K fixed canonicalSEC ↗
Q2 202413F-HRAug 15, 202447$42.2M $K fixed canonicalSEC ↗
Q1 202413F-HRMay 15, 202448$40.6M $K fixed canonicalSEC ↗