Troluce Capital Advisors LLC

Fundamental concentrated ★Signal CIK 1910321
League rank
#411
in Fundamental concentrated · #1088 overall
Long book
$923.8M
Q1 2026
Positions
45
Top-10 weight
52%
concentration
Last quarter
+16.7%
SPY +14.8%
Turnover
88%
of book per quarter

Strategy in plain words

auto-generated from filings

Troluce Capital Advisors LLC is a concentrated fundamental stock-picker, running a $923.8M US long book across 45 positions.

The portfolio is concentrated: the top 10 names carry 52% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ATLANTA BRAVES HOLDINGS IN-C, ECHOSTAR CORP-A, CAPITAL ONE FINANCIAL CORP, LIBERTY MEDIA CORP-FORMULA-C, LIVE NATION ENTERTAINMENT IN.

Over the last 9 quarters its long book ran on average 4.6pp per quarter ahead of the S&P 500, beating the index in 6 of 9 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
Q1 2024
+3.0%
Q2 2024
+6.7%
Q3 2024
+4.4%
Q4 2024
+3.9%
Q1 2025
+45.1%
Q2 2025
-0.5%
Q3 2025
+8.7%
Q4 2025
-6.5%
Q1 2026
+16.7%

Sector allocation

Services media
23%
Financials
23%
Communications
17%
Industrials
15%
Healthcare
8%
Other
6%
Technology
5%
Utilities
3%

Long book by quarter

$450.1M
Q1 2024
$476.9M
Q2 2024
$559.7M
Q3 2024
$992.9M
Q4 2024
$106.0M
Q1 2025
$196.4M
Q2 2025
$282.2M
Q3 2025
$129.3M
Q4 2025
$923.8M
Q1 2026

What does Troluce Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
BATRK ATLANTA BRAVES HOLDINGS IN-CServices media2.0M$85.4M9.2%+274.9%
ECHO ECHOSTAR CORP-ACommunications600.0K$70.2M7.6%New
COF CAPITAL ONE FINANCIAL CORPFinancials305.3K$55.7M6.0%+118.1%
FWONK LIBERTY MEDIA CORP-FORMULA-CCommunications640.0K$54.4M5.9%+326.7%
LYV LIVE NATION ENTERTAINMENT INServices media330.0K$50.3M5.4%New
FTAI FTAI AVIATION LTDServices media155.0K$38.0M4.1%New
WULF TERAWULF INCFinancials2.3M$33.2M3.6%New
APTV APTIV PLCIndustrials441.4K$30.6M3.3%New
DY DYCOM INDUSTRIES INCIndustrials90.0K$30.5M3.3%New
MIR MIRION TECHNOLOGIES INCOther1.5M$27.9M3.0%+76.5%
ESI ELEMENT SOLUTIONS INCOther810.4K$27.7M3.0%New
CRBG COREBRIDGE FINANCIAL INCFinancials1.1M$27.1M2.9%New
ETN EATON CORP PLCIndustrials75.0K$26.8M2.9%New
AMTM AMENTUM HOLDINGS INCServices media1.0M$26.1M2.8%New
CORZ CORE SCIENTIFIC INCFinancials1.7M$25.4M2.7%New
VST VISTRA CORPUtilities158.0K$23.8M2.6%New
PNFP PINNACLE FINANCIAL PARTNERSFinancials258.4K$22.3M2.4%New
GOOG ALPHABET INC-CL CTechnology75.0K$21.5M2.3%New
STOK STOKE THERAPEUTICS INCHealthcare652.8K$21.3M2.3%New
FLR FLUOR CORPIndustrials400.0K$18.7M2.0%New
MLYS MINERALYS THERAPEUTICS INCHealthcare655.0K$17.7M1.9%New
CIFR CIPHER DIGITAL INCFinancials1.4M$17.4M1.9%New
QGEN QIAGEN N.V.Healthcare362.5K$14.5M1.6%New
GHRS GH RESEARCH PLCHealthcare990.5K$13.9M1.5%+165.4%
NVDA NVIDIA CORPTechnology75.0K$13.1M1.4%New
WBD WARNER BROS DISCOVERY INCCommunications387.0K$10.6M1.2%New
BA BOEING CO/THEIndustrials50.0K$10.0M1.1%New
LBTYA LIBERTY GLOBAL LTD-ACommunications807.2K$9.8M1.1%New
EQH EQUITABLE HOLDINGS INCFinancials200.0K$7.4M0.8%New
HUT HUT 8 CORPFinancials150.0K$7.0M0.8%New
GE GENERAL ELECTRICIndustrials24.0K$6.8M0.7%New
MU MICRON TECHNOLOGY INCTechnology20.0K$6.8M0.7%+122.2%
ALC ALCON INCHealthcare40.5K$3.1M0.3%New
EQPT EQUIPMENTSHARE.COM INC-AServices media147.8K$3.0M0.3%New
NCLH NORWEGIAN CRUISE LINE HOLDINIndustrials159.1K$3.0M0.3%New
IMTX IMMATICS NVHealthcare250.0K$2.5M0.3%New
CCL CARNIVAL CORP LTDIndustrials92.4K$2.4M0.3%New
FPS FORGENT POWER SOLUTIONS-CL AIndustrials55.0K$1.6M0.2%New
ORCL ORACLE CORPTechnology10.0K$450K0.0%New
ARKO ARKO CORPConsumer discretionary3.9K$22K0.0%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202670$1.63B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202611$157.7M canonicalSEC ↗
Q3 202513F-HRNov 14, 202536$715.3M canonicalSEC ↗
Q2 202513F-HRAug 14, 202530$422.5M canonicalSEC ↗
Q1 202513F-HRMay 15, 202531$335.9M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202534$2.87B canonicalSEC ↗
Q3 202413F-HRNov 14, 202484$1.70B canonicalSEC ↗
Q2 202413F-HRAug 14, 202473$1.02B canonicalSEC ↗
Q1 202413F-HRMay 15, 202483$827.0M canonicalSEC ↗