Birnam Oak Advisors, LP

New York, NY

$612m in 37 US stocks at the end of 30 June 2026. The top 10 are 77.1% of the money. It changed about 24.2% of the portfolio this quarter.

Value

$612m

Stocks

Top 10 share

77.1%

Turnover

24.2%

What changed this quarter

New

Bought for the first time this quarter.

RokuROKU
6.6% of the fund
AESAES
2.9% of the fund
Topbuild COR
2.2% of the fund
Dominion EnergyD
1.7% of the fund
Electronic ArtsEA
1.3% of the fund
ViasatVSAT
0.6% of the fund
AppleAAPL
0.1% of the fund
NvidiaNVDA
<0.1% of the fund

Added

Bought more of a stock they already held.

Ishares TRACWI
9.9% of the fund
+39%
Chart Inds
9.8% of the fund
+43%
KenvueKVUE
9.4% of the fund
+113%
Norfolk SouthernNSC
9.2% of the fund
+18%
Warner Bros. DiscoveryWBD
8.9% of the fund
+67%
PenumbraPEN
8.8% of the fund
+78%
UnifirstUNF
7.4% of the fund
+235%
QorvoQRVO
3.8% of the fund
+8%
EchoStarECHO
3.1% of the fund
+28%
Vanguard Index FDSVUG
2.6% of the fund
+571%
Txnm EnergyTXNM
1.8% of the fund
+35%
Vanguard Index FDSVTV
1.4% of the fund
+18%
Berkshire HathawayBRK-B
1.2% of the fund
+7%
J P Morgan Exchange Traded FBBJP
0.7% of the fund
+10%
Vanguard Intl Equity Index FVGK
0.7% of the fund
+42%
Controladora Vuela Comp de AVLRS
0.2% of the fund
+73%
American ExpressAXP
0.1% of the fund
+100%
Full House ResortsFLL
<0.1% of the fund
+514%

Cut

Sold some of their stake.

Revolution MedicinesRVMD
3.3% of the fund
-32%

Sold out

Sold their entire stake.

Clearwater Analytics Hldgs I
-100%
State STR Spdr S&P 500 ETF TSPY
-100%

Holdings

Ishares TRACWI
Share
9.9%
Value
$60m
Shares
385,076
+39%
Chart Inds
Share
9.8%
Value
$60m
Shares
285,399
+43%
KenvueKVUE
Share
9.4%
Value
$57m
Shares
3,005,020
+113%
Norfolk SouthernNSC
Share
9.2%
Value
$57m
Shares
179,719
+18%
Warner Bros. DiscoveryWBD
Share
8.9%
Value
$55m
Shares
2,046,728
+67%
PenumbraPEN
Share
8.8%
Value
$54m
Shares
171,277
+78%
UnifirstUNF
Share
7.4%
Value
$45m
Shares
171,148
+235%
RokuROKU
Share
6.6%
Value
$40m
Shares
290,000
New
QorvoQRVO
Share
3.8%
Value
$23m
Shares
249,884
+8%
Revolution MedicinesRVMD
Share
3.3%
Value
$20m
Shares
107,644
-32%
EchoStarECHO
Share
3.1%
Value
$19m
Shares
187,428
+28%
AESAES
Share
2.9%
Value
$18m
Shares
1,226,667
New
Vanguard Index FDSVUG
Share
2.6%
Value
$16m
Shares
181,798
+571%
Topbuild COR
Share
2.2%
Value
$13m
Shares
37,136
New
Txnm EnergyTXNM
Share
1.8%
Value
$11m
Shares
198,018
+35%
Dominion EnergyD
Share
1.7%
Value
$10m
Shares
150,000
New
Vanguard Index FDSVTV
Share
1.4%
Value
$8m
Shares
38,880
+18%
Electronic ArtsEA
Share
1.3%
Value
$8m
Shares
39,412
New
Berkshire HathawayBRK-B
Share
1.2%
Value
$8m
Shares
15,000
+7%
J P Morgan Exchange Traded FBBJP
Share
0.7%
Value
$5m
Shares
60,343
+10%
Vanguard Intl Equity Index FVGK
Share
0.7%
Value
$4m
Shares
49,554
+42%
Ishares TRIEUR
Share
0.7%
Value
$4m
Shares
55,000
Held
ViasatVSAT
Share
0.6%
Value
$4m
Shares
40,994
New
Amazon.comAMZN
Share
0.4%
Value
$2m
Shares
9,500
Held
Controladora Vuela Comp de AVLRS
Share
0.2%
Value
$1m
Shares
130,158
+73%
Ishares TRIVE
Share
0.2%
Value
$1m
Shares
5,000
Held
MicrosoftMSFT
Share
0.2%
Value
$1m
Shares
3,000
Held
Goldman Sachs GroupGS
Share
0.2%
Value
$1m
Shares
1,000
Held
AppleAAPL
Share
0.1%
Value
$868,080
Shares
3,000
New
Morgan StanleyMS
Share
0.1%
Value
$836,160
Shares
4,000
Held
Capital One FinancialCOF
Share
0.1%
Value
$768,976
Shares
3,833
Held
VisaV
Share
0.1%
Value
$686,180
Shares
2,000
Held
American ExpressAXP
Share
0.1%
Value
$676,500
Shares
2,000
+100%
JPMorgan ChaseJPM
Share
0.1%
Value
$654,660
Shares
2,000
Held
IsharesEWJ
Share
<0.1%
Value
$373,080
Shares
4,000
Held
NvidiaNVDA
Share
<0.1%
Value
$200,090
Shares
1,000
New
Full House ResortsFLL
Share
<0.1%
Value
$171,236
Shares
61,375
+514%

Company	Share of fund	Value	Shares	Change
Ishares TRACWI	9.9%	$60m	385,076	+39%
Chart Inds	9.8%	$60m	285,399	+43%
KenvueKVUE	9.4%	$57m	3,005,020	+113%
Norfolk SouthernNSC	9.2%	$57m	179,719	+18%
Warner Bros. DiscoveryWBD	8.9%	$55m	2,046,728	+67%
PenumbraPEN	8.8%	$54m	171,277	+78%
UnifirstUNF	7.4%	$45m	171,148	+235%
RokuROKU	6.6%	$40m	290,000	New
QorvoQRVO	3.8%	$23m	249,884	+8%
Revolution MedicinesRVMD	3.3%	$20m	107,644	-32%
EchoStarECHO	3.1%	$19m	187,428	+28%
AESAES	2.9%	$18m	1,226,667	New
Vanguard Index FDSVUG	2.6%	$16m	181,798	+571%
Topbuild COR	2.2%	$13m	37,136	New
Txnm EnergyTXNM	1.8%	$11m	198,018	+35%
Dominion EnergyD	1.7%	$10m	150,000	New
Vanguard Index FDSVTV	1.4%	$8m	38,880	+18%
Electronic ArtsEA	1.3%	$8m	39,412	New
Berkshire HathawayBRK-B	1.2%	$8m	15,000	+7%
J P Morgan Exchange Traded FBBJP	0.7%	$5m	60,343	+10%
Vanguard Intl Equity Index FVGK	0.7%	$4m	49,554	+42%
Ishares TRIEUR	0.7%	$4m	55,000	Held
ViasatVSAT	0.6%	$4m	40,994	New
Amazon.comAMZN	0.4%	$2m	9,500	Held
Controladora Vuela Comp de AVLRS	0.2%	$1m	130,158	+73%
Ishares TRIVE	0.2%	$1m	5,000	Held
MicrosoftMSFT	0.2%	$1m	3,000	Held
Goldman Sachs GroupGS	0.2%	$1m	1,000	Held
AppleAAPL	0.1%	$868,080	3,000	New
Morgan StanleyMS	0.1%	$836,160	4,000	Held
Capital One FinancialCOF	0.1%	$768,976	3,833	Held
VisaV	0.1%	$686,180	2,000	Held
American ExpressAXP	0.1%	$676,500	2,000	+100%
JPMorgan ChaseJPM	0.1%	$654,660	2,000	Held
IsharesEWJ	<0.1%	$373,080	4,000	Held
NvidiaNVDA	<0.1%	$200,090	1,000	New
Full House ResortsFLL	<0.1%	$171,236	61,375	+514%

Options (3)

EchoStarECHO
Type
Call
Value
$3m
Contracts
30,000
Avis Budget GroupCAR
Type
Put
Value
$1m
Contracts
8,000
Caesars EntertainmentCZR
Type
Call
Value
$301,800
Contracts
10,000

Company	Type	Value	Contracts
EchoStarECHO	Call	$3m	30,000
Avis Budget GroupCAR	Put	$1m	8,000
Caesars EntertainmentCZR	Call	$301,800	10,000

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 83.3% since 30 June 2025.

Where the money is

Media & telecom19.2%

Health care12.1%

Everyday goods9.4%

Industrials9.2%

Retail & consumer7.8%

Utilities6.5%

Technology5.5%

Financial services2.0%

Other28.3%

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.