Avalon Capital Management

Port Of Redwood City, CA

$422m in 126 US stocks at the end of 30 June 2026. The top 10 are 55.4% of the money. It changed about 17.9% of the portfolio this quarter.

Value

$422m

Stocks

126

Top 10 share

55.4%

Turnover

17.9%

What changed this quarter

New

Bought for the first time this quarter.

Schwab Strategic TRSCHA
2.9% of the fund
Select Sector Spdr TRXLE
0.7% of the fund
Spdr Series TrustXBI
0.7% of the fund
Ishares TRIYW
0.6% of the fund
ARM HoldingsARM
0.1% of the fund
Fair IsaacFICO
<0.1% of the fund
Applied MaterialsAMAT
<0.1% of the fund
CrowdStrike HoldingsCRWD
<0.1% of the fund
Union PacificUNP
<0.1% of the fund
Vaneck ETF TrustFLTR
<0.1% of the fund
AmphenolAPH
<0.1% of the fund
BorgwarnerBWA
<0.1% of the fund
Ishares TRIEFA
<0.1% of the fund
WelltowerWELL
<0.1% of the fund
Targa ResourcesTRGP
<0.1% of the fund
CamecoCCJ
<0.1% of the fund
OkloOKLO
<0.1% of the fund

Added

Bought more of a stock they already held.

AlphabetGOOGL
12.8% of the fund
+11%
Vaneck ETF TrustSMH
7.4% of the fund
+3%
Vaneck ETF TrustGDX
5.9% of the fund
+31%
Spdr Gold TRGLD
5.5% of the fund
+69%
Eli LillyLLY
3.9% of the fund
+80%
Amazon.comAMZN
3.6% of the fund
+24%
IsharesIEMG
3.5% of the fund
+2%
Vaneck FDSEMBX
2.6% of the fund
+30%
Vaneck ETF TrustREMX
1.9% of the fund
+5%
TCW ETF TrustPWRD
1.7% of the fund
+9%
Global X FDSSIL
1.7% of the fund
+713%
Vanguard Index FDSVTV
0.7% of the fund
+5%
IsharesSCJ
0.6% of the fund
+19%
Ishares TRSHV
0.6% of the fund
+199%
Invesco QQQ TRQQQ
0.5% of the fund
+20%
Taiwan Semiconductor ManufacturingTSM
0.4% of the fund
+11%
State STR Spdr S&P 500 ETF TSPY
0.4% of the fund
+27%
Arista NetworksANET
0.4% of the fund
+18%
VisaV
0.4% of the fund
+2%
Wheaton Precious MetalsWPM
0.3% of the fund
+209%
Goldman Sachs ETF TRGSST
0.3% of the fund
+3%
Lam ResearchLRCX
0.3% of the fund
+60%
Ulta BeautyULTA
0.2% of the fund
+22%
HeicoHEI
0.2% of the fund
+6%
Vaneck ETF TrustNLR
0.2% of the fund
+339%

Cut

Sold some of their stake.

Invesco Actvely Mngd ETC FDPDBC
1.9% of the fund
-49%
ChevronCVX
0.8% of the fund
-61%
NvidiaNVDA
0.7% of the fund
-2%
GE VernovaGEV
0.6% of the fund
-16%
Ishares Gold TRIAU
0.5% of the fund
-44%
Managed Portfolio SERLCR
0.4% of the fund
-2%
Ishares TRQUAL
0.3% of the fund
-3%
Ishares TRILF
0.3% of the fund
-83%
Ishares TREMB
0.3% of the fund
-13%
Canadian Natural ResourcesCNQ
0.2% of the fund
-17%
Vaneck Bitcoin ETFHODL
0.1% of the fund
-8%
Meta PlatformsMETA
0.1% of the fund
-11%
General ElectricGE
<0.1% of the fund
-19%
DavitaDVA
<0.1% of the fund
-44%
IsharesSLVP
<0.1% of the fund
-41%
Ishares TRMCHI
<0.1% of the fund
-2%
NetflixNFLX
<0.1% of the fund
-40%
Vanguard Intl Equity Index FVWO
<0.1% of the fund
-5%
Spinnaker ETF SeriesEUAD
<0.1% of the fund
-91%

Sold out

Sold their entire stake.

AmgenAMGN
-100%
Vaneck ETF TrustPIT
-100%
FedExFDX
-100%
Global X FDSKROP
-100%
Goldman Sachs ETF TRGBIL
-100%
Royal GoldRGLD
-100%
Quest DiagnosticsDGX
-100%
Natural Resource Partners LPNRP
-100%
Invesco Currencyshares SwissFXF
-100%
Ishares TRIGE
-100%
Alamos GoldAGI
-100%
Select Sector Spdr TRXLU
-100%

Holdings

AlphabetGOOGL
Share
12.8%
Value
$54m
Shares
150,922
+11%
Vaneck ETF TrustSMH
Share
7.4%
Value
$31m
Shares
47,957
+3%
Vaneck ETF TrustGDX
Share
5.9%
Value
$25m
Shares
331,077
+31%
Spdr Gold TRGLD
Share
5.5%
Value
$23m
Shares
63,245
+69%
AlphabetGOOG
Share
5.4%
Value
$23m
Shares
64,136
Held
Cisco SystemsCSCO
Share
4.3%
Value
$18m
Shares
153,311
Held
Eli LillyLLY
Share
3.9%
Value
$16m
Shares
13,646
+80%
Amazon.comAMZN
Share
3.6%
Value
$15m
Shares
64,566
+24%
IsharesIEMG
Share
3.5%
Value
$15m
Shares
176,895
+2%
AppleAAPL
Share
3.2%
Value
$13m
Shares
46,166
Held
Schwab Strategic TRSCHA
Share
2.9%
Value
$12m
Shares
343,708
New
Vaneck FDSEMBX
Share
2.6%
Value
$11m
Shares
212,985
+30%
Global X FDSURA
Share
2.0%
Value
$8m
Shares
193,935
Held
Invesco Actvely Mngd ETC FDPDBC
Share
1.9%
Value
$8m
Shares
505,048
-49%
Vaneck ETF TrustREMX
Share
1.9%
Value
$8m
Shares
90,344
+5%
TCW ETF TrustPWRD
Share
1.7%
Value
$7m
Shares
59,985
+9%
Global X FDSSIL
Share
1.7%
Value
$7m
Shares
90,973
+713%
Dimensional ETF TrustDISV
Share
1.4%
Value
$6m
Shares
148,758
Held
Ishares TREEM
Share
1.3%
Value
$6m
Shares
81,554
Held
MicrosoftMSFT
Share
1.2%
Value
$5m
Shares
13,901
Held
Amplify ETF TRDIVO
Share
1.1%
Value
$5m
Shares
98,852
Held
Vaneck ETF TrustMOAT
Share
1.0%
Value
$4m
Shares
39,572
Held
Vaneck ETF TrustRAAX
Share
0.9%
Value
$4m
Shares
92,066
Held
Global X FDSDTCR
Share
0.9%
Value
$4m
Shares
120,097
Held
ChevronCVX
Share
0.8%
Value
$3m
Shares
19,791
-61%
Vanguard Index FDSVTV
Share
0.7%
Value
$3m
Shares
13,963
+5%
Select Sector Spdr TRXLE
Share
0.7%
Value
$3m
Shares
56,795
New
Spdr Series TrustXBI
Share
0.7%
Value
$3m
Shares
18,523
New
Goldman Sachs ETF TRGPIX
Share
0.7%
Value
$3m
Shares
51,921
Held
NvidiaNVDA
Share
0.7%
Value
$3m
Shares
13,837
-2%
Ishares Silver TRSLV
Share
0.6%
Value
$3m
Shares
50,646
Held
IsharesSCJ
Share
0.6%
Value
$3m
Shares
24,601
+19%
Ishares TRIYW
Share
0.6%
Value
$3m
Shares
10,265
New
GE VernovaGEV
Share
0.6%
Value
$2m
Shares
2,113
-16%
Ishares TRSHV
Share
0.6%
Value
$2m
Shares
22,039
+199%
Berkshire HathawayBRK-B
Share
0.5%
Value
$2m
Shares
4,632
Held
Spdr Series TrustXME
Share
0.5%
Value
$2m
Shares
20,960
Held
Invesco QQQ TRQQQ
Share
0.5%
Value
$2m
Shares
2,868
+20%
Ishares Core 30/70AOK
Share
0.5%
Value
$2m
Shares
50,746
Held
Agnico Eagle MinesAEM
Share
0.5%
Value
$2m
Shares
12,730
Held
Ishares Gold TRIAU
Share
0.5%
Value
$2m
Shares
25,659
-44%
Managed Portfolio SERLCR
Share
0.4%
Value
$2m
Shares
47,238
-2%
Wisdomtree TRDGRW
Share
0.4%
Value
$2m
Shares
18,514
Held
Taiwan Semiconductor ManufacturingTSM
Share
0.4%
Value
$2m
Shares
3,580
+11%
State STR Spdr S&P 500 ETF TSPY
Share
0.4%
Value
$2m
Shares
2,136
+27%
Arista NetworksANET
Share
0.4%
Value
$2m
Shares
9,100
+18%
VisaV
Share
0.4%
Value
$2m
Shares
4,425
+2%
Ishares TRQUAL
Share
0.3%
Value
$1m
Shares
6,316
-3%
Ishares TRILF
Share
0.3%
Value
$1m
Shares
40,535
-83%
Wheaton Precious MetalsWPM
Share
0.3%
Value
$1m
Shares
11,728
+209%
Goldman Sachs ETF TRGSST
Share
0.3%
Value
$1m
Shares
25,641
+3%
Ishares TREMB
Share
0.3%
Value
$1m
Shares
13,278
-13%
Lam ResearchLRCX
Share
0.3%
Value
$1m
Shares
2,864
+60%
Costco WholesaleCOST
Share
0.3%
Value
$1m
Shares
1,257
Held
Energy Transfer L PET
Share
0.3%
Value
$1m
Shares
60,000
Held
Spdr Series TrustXAR
Share
0.3%
Value
$1m
Shares
3,721
Held
Schwab Strategic TRSCHD
Share
0.2%
Value
$984,596
Shares
31,050
Held
OracleORCL
Share
0.2%
Value
$978,661
Shares
6,678
Held
Ulta BeautyULTA
Share
0.2%
Value
$929,019
Shares
2,060
+22%
HeicoHEI
Share
0.2%
Value
$928,722
Shares
2,607
+6%
Canadian Natural ResourcesCNQ
Share
0.2%
Value
$874,451
Shares
22,138
-17%
Vaneck ETF TrustNLR
Share
0.2%
Value
$866,023
Shares
7,467
+339%
Select Sector Spdr TRXLK
Share
0.2%
Value
$816,950
Shares
4,288
Held
BroadcomAVGO
Share
0.2%
Value
$802,719
Shares
2,125
+110%
Select Sector Spdr TRXLI
Share
0.2%
Value
$763,333
Shares
4,121
Held
ExxonMobil HoldingsXOM
Share
0.2%
Value
$665,416
Shares
4,867
+10%
Mplx LPMPLX
Share
0.2%
Value
$655,400
Shares
11,635
Held
Bank of Montreal /canBMO
Share
0.1%
Value
$605,198
Shares
3,425
Held
Hecla MiningHL
Share
0.1%
Value
$591,000
Shares
38,302
Held
Vanguard World FDVGT
Share
0.1%
Value
$583,258
Shares
4,880
Held
Vanguard Instl Index FDVBIL
Share
0.1%
Value
$575,168
Shares
7,600
Held
Vaneck Bitcoin ETFHODL
Share
0.1%
Value
$560,023
Shares
33,716
-8%
IsharesEWW
Share
0.1%
Value
$526,739
Shares
6,998
Held
Vanguard Index FDSVOO
Share
0.1%
Value
$509,281
Shares
742
Held
Meta PlatformsMETA
Share
0.1%
Value
$487,809
Shares
866
-11%
Texas InstrumentsTXN
Share
0.1%
Value
$481,383
Shares
1,615
Held
Kinder MorganKMI
Share
0.1%
Value
$479,550
Shares
15,000
Held
Charles SchwabSCHW
Share
0.1%
Value
$471,356
Shares
5,108
Held
Canadian National RailwayCNI
Share
0.1%
Value
$463,486
Shares
3,887
+14%
ARM HoldingsARM
Share
0.1%
Value
$424,775
Shares
1,198
New
General ElectricGE
Share
<0.1%
Value
$412,972
Shares
1,105
-19%
Vanguard World FDVDE
Share
<0.1%
Value
$408,053
Shares
2,718
Held
Vanguard Scottsdale FDSVONV
Share
<0.1%
Value
$401,958
Shares
3,781
Held
Palantir TechnologiesPLTR
Share
<0.1%
Value
$396,095
Shares
3,395
Held
TransDigm GroupTDG
Share
<0.1%
Value
$367,643
Shares
276
Held
DavitaDVA
Share
<0.1%
Value
$352,853
Shares
1,586
-44%
Freeport-McMoRanFCX
Share
<0.1%
Value
$348,411
Shares
5,540
Held
IsharesSLVP
Share
<0.1%
Value
$337,373
Shares
10,943
-41%
Innovator Etfs TrustNJUL
Share
<0.1%
Value
$332,484
Shares
4,294
Held
Air Products & ChemicalsAPD
Share
<0.1%
Value
$324,092
Shares
1,105
Held
Vanguard Whitehall FDSVYM
Share
<0.1%
Value
$322,089
Shares
2,038
Held
BPBP
Share
<0.1%
Value
$319,913
Shares
8,658
Held
State STR Spdr DOW Jones INDDIA
Share
<0.1%
Value
$319,180
Shares
611
Held
PAN American SilverPAAS
Share
<0.1%
Value
$313,530
Shares
7,000
Held
Fair IsaacFICO
Share
<0.1%
Value
$313,032
Shares
262
New
Ishares TRMCHI
Share
<0.1%
Value
$311,865
Shares
6,112
-2%
DanaherDHR
Share
<0.1%
Value
$305,911
Shares
1,606
Held
NextEra EnergyNEE
Share
<0.1%
Value
$295,258
Shares
3,364
Held
JPMorgan ChaseJPM
Share
<0.1%
Value
$276,594
Shares
845
Held
Applied MaterialsAMAT
Share
<0.1%
Value
$274,740
Shares
380
New

Company	Share of fund	Value	Shares	Change
AlphabetGOOGL	12.8%	$54m	150,922	+11%
Vaneck ETF TrustSMH	7.4%	$31m	47,957	+3%
Vaneck ETF TrustGDX	5.9%	$25m	331,077	+31%
Spdr Gold TRGLD	5.5%	$23m	63,245	+69%
AlphabetGOOG	5.4%	$23m	64,136	Held
Cisco SystemsCSCO	4.3%	$18m	153,311	Held
Eli LillyLLY	3.9%	$16m	13,646	+80%
Amazon.comAMZN	3.6%	$15m	64,566	+24%
IsharesIEMG	3.5%	$15m	176,895	+2%
AppleAAPL	3.2%	$13m	46,166	Held
Schwab Strategic TRSCHA	2.9%	$12m	343,708	New
Vaneck FDSEMBX	2.6%	$11m	212,985	+30%
Global X FDSURA	2.0%	$8m	193,935	Held
Invesco Actvely Mngd ETC FDPDBC	1.9%	$8m	505,048	-49%
Vaneck ETF TrustREMX	1.9%	$8m	90,344	+5%
TCW ETF TrustPWRD	1.7%	$7m	59,985	+9%
Global X FDSSIL	1.7%	$7m	90,973	+713%
Dimensional ETF TrustDISV	1.4%	$6m	148,758	Held
Ishares TREEM	1.3%	$6m	81,554	Held
MicrosoftMSFT	1.2%	$5m	13,901	Held
Amplify ETF TRDIVO	1.1%	$5m	98,852	Held
Vaneck ETF TrustMOAT	1.0%	$4m	39,572	Held
Vaneck ETF TrustRAAX	0.9%	$4m	92,066	Held
Global X FDSDTCR	0.9%	$4m	120,097	Held
ChevronCVX	0.8%	$3m	19,791	-61%
Vanguard Index FDSVTV	0.7%	$3m	13,963	+5%
Select Sector Spdr TRXLE	0.7%	$3m	56,795	New
Spdr Series TrustXBI	0.7%	$3m	18,523	New
Goldman Sachs ETF TRGPIX	0.7%	$3m	51,921	Held
NvidiaNVDA	0.7%	$3m	13,837	-2%
Ishares Silver TRSLV	0.6%	$3m	50,646	Held
IsharesSCJ	0.6%	$3m	24,601	+19%
Ishares TRIYW	0.6%	$3m	10,265	New
GE VernovaGEV	0.6%	$2m	2,113	-16%
Ishares TRSHV	0.6%	$2m	22,039	+199%
Berkshire HathawayBRK-B	0.5%	$2m	4,632	Held
Spdr Series TrustXME	0.5%	$2m	20,960	Held
Invesco QQQ TRQQQ	0.5%	$2m	2,868	+20%
Ishares Core 30/70AOK	0.5%	$2m	50,746	Held
Agnico Eagle MinesAEM	0.5%	$2m	12,730	Held
Ishares Gold TRIAU	0.5%	$2m	25,659	-44%
Managed Portfolio SERLCR	0.4%	$2m	47,238	-2%
Wisdomtree TRDGRW	0.4%	$2m	18,514	Held
Taiwan Semiconductor ManufacturingTSM	0.4%	$2m	3,580	+11%
State STR Spdr S&P 500 ETF TSPY	0.4%	$2m	2,136	+27%
Arista NetworksANET	0.4%	$2m	9,100	+18%
VisaV	0.4%	$2m	4,425	+2%
Ishares TRQUAL	0.3%	$1m	6,316	-3%
Ishares TRILF	0.3%	$1m	40,535	-83%
Wheaton Precious MetalsWPM	0.3%	$1m	11,728	+209%
Goldman Sachs ETF TRGSST	0.3%	$1m	25,641	+3%
Ishares TREMB	0.3%	$1m	13,278	-13%
Lam ResearchLRCX	0.3%	$1m	2,864	+60%
Costco WholesaleCOST	0.3%	$1m	1,257	Held
Energy Transfer L PET	0.3%	$1m	60,000	Held
Spdr Series TrustXAR	0.3%	$1m	3,721	Held
Schwab Strategic TRSCHD	0.2%	$984,596	31,050	Held
OracleORCL	0.2%	$978,661	6,678	Held
Ulta BeautyULTA	0.2%	$929,019	2,060	+22%
HeicoHEI	0.2%	$928,722	2,607	+6%
Canadian Natural ResourcesCNQ	0.2%	$874,451	22,138	-17%
Vaneck ETF TrustNLR	0.2%	$866,023	7,467	+339%
Select Sector Spdr TRXLK	0.2%	$816,950	4,288	Held
BroadcomAVGO	0.2%	$802,719	2,125	+110%
Select Sector Spdr TRXLI	0.2%	$763,333	4,121	Held
ExxonMobil HoldingsXOM	0.2%	$665,416	4,867	+10%
Mplx LPMPLX	0.2%	$655,400	11,635	Held
Bank of Montreal /canBMO	0.1%	$605,198	3,425	Held
Hecla MiningHL	0.1%	$591,000	38,302	Held
Vanguard World FDVGT	0.1%	$583,258	4,880	Held
Vanguard Instl Index FDVBIL	0.1%	$575,168	7,600	Held
Vaneck Bitcoin ETFHODL	0.1%	$560,023	33,716	-8%
IsharesEWW	0.1%	$526,739	6,998	Held
Vanguard Index FDSVOO	0.1%	$509,281	742	Held
Meta PlatformsMETA	0.1%	$487,809	866	-11%
Texas InstrumentsTXN	0.1%	$481,383	1,615	Held
Kinder MorganKMI	0.1%	$479,550	15,000	Held
Charles SchwabSCHW	0.1%	$471,356	5,108	Held
Canadian National RailwayCNI	0.1%	$463,486	3,887	+14%
ARM HoldingsARM	0.1%	$424,775	1,198	New
General ElectricGE	<0.1%	$412,972	1,105	-19%
Vanguard World FDVDE	<0.1%	$408,053	2,718	Held
Vanguard Scottsdale FDSVONV	<0.1%	$401,958	3,781	Held
Palantir TechnologiesPLTR	<0.1%	$396,095	3,395	Held
TransDigm GroupTDG	<0.1%	$367,643	276	Held
DavitaDVA	<0.1%	$352,853	1,586	-44%
Freeport-McMoRanFCX	<0.1%	$348,411	5,540	Held
IsharesSLVP	<0.1%	$337,373	10,943	-41%
Innovator Etfs TrustNJUL	<0.1%	$332,484	4,294	Held
Air Products & ChemicalsAPD	<0.1%	$324,092	1,105	Held
Vanguard Whitehall FDSVYM	<0.1%	$322,089	2,038	Held
BPBP	<0.1%	$319,913	8,658	Held
State STR Spdr DOW Jones INDDIA	<0.1%	$319,180	611	Held
PAN American SilverPAAS	<0.1%	$313,530	7,000	Held
Fair IsaacFICO	<0.1%	$313,032	262	New
Ishares TRMCHI	<0.1%	$311,865	6,112	-2%
DanaherDHR	<0.1%	$305,911	1,606	Held
NextEra EnergyNEE	<0.1%	$295,258	3,364	Held
JPMorgan ChaseJPM	<0.1%	$276,594	845	Held
Applied MaterialsAMAT	<0.1%	$274,740	380	New

Showing the largest 100 of 126.

Options (4)

Vaneck ETF TrustNLR
Type
Call
Value
$463,920
Contracts
4,000
Global X FDSURA
Type
Call
Value
$218,500
Contracts
5,000
OkloOKLO
Type
Call
Value
$209,320
Contracts
4,000
CamecoCCJ
Type
Call
Value
$101,860
Contracts
1,000

Company	Type	Value	Contracts
Vaneck ETF TrustNLR	Call	$463,920	4,000
Global X FDSURA	Call	$218,500	5,000
OkloOKLO	Call	$209,320	4,000
CamecoCCJ	Call	$101,860	1,000

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 13.5% since 30 June 2025.

Where the money is

Media & telecom18.4%

Technology11.4%

Health care4.1%

Retail & consumer3.9%

Energy1.4%

Financial services1.3%

Industrials1.3%

Materials1.2%

Everyday goods0.3%

Utilities0.1%

Real estate0.1%

Other56.5%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.