Connective Capital Management
PALO ALTO, CAfiles as Connective Capital Management, LLC
$142m in 70 US stocks at the end of 30 June 2026. The top 10 are 68.5% of the money. It changed about 39.8% of the portfolio this quarter.
Value
$142m
Stocks
70
Top 10 share
68.5%
Turnover
39.8%
What changed this quarter
New
Bought for the first time this quarter.
- Taiwan Semiconductor ManufacturingTSM4.4% of the fund
- Marvell TechnologyMRVL2.6% of the fund
- Gorilla Technology GroupGRRR0.3% of the fund
- CrexendoCXDO0.3% of the fund
- American Battery TechnologyABAT0.3% of the fund
- KopinKOPN0.3% of the fund
- BlackSky TechnologyBKSY0.3% of the fund
- Intuitive MachinesLUNR0.3% of the fund
- SharonAI HoldingsSHAZ0.3% of the fund
- Velo3DVELO0.2% of the fund
- PolyPidPYPD0.2% of the fund
- INVE TechnologiesINVE0.2% of the fund
- PaysignPAYS0.2% of the fund
- ECO Wave Power Global ABWAVE0.2% of the fund
- NanoviricidesNNVC0.2% of the fund
- One Stop SystemsOSS0.1% of the fund
- Oncolytics BiotechONCY0.1% of the fund
- Dine Brands GlobalDIN0.1% of the fund
- FTAI InfrastructureFIP0.1% of the fund
- IperionxIPX0.1% of the fund
- United States AntimonyUAMY0.1% of the fund
- SndlSNDL<0.1% of the fund
- Silver BOW MiningSBMT<0.1% of the fund
- CapsoVisionCV<0.1% of the fund
- 1-800-Flowers.comFLWS<0.1% of the fund
Added
Bought more of a stock they already held.
- Invesco QQQ TRQQQ25.2% of the fund+36%
- Advanced Micro DevicesAMD5.0% of the fund+907%
- DoorDashDASH4.1% of the fund+5%
- NvidiaNVDA4.1% of the fund+1731%
- BroadcomAVGO4.0% of the fund+1569%
- Costco WholesaleCOST3.9% of the fund+1790%
- Amazon.comAMZN1.3% of the fund+23%
- Meta PlatformsMETA1.2% of the fund+63%
- Dominari HoldingsDOMH0.5% of the fund+113%
- Spdr Gold TRGLD0.5% of the fund+20%
- Constellation EnergyCEG0.3% of the fund+43%
- Processa PharmaceuticalsPCSA0.1% of the fund+21%
- Ishares Ethereum TRETHA<0.1% of the fund+40%
Cut
Sold some of their stake.
- QualcommQCOM3.6% of the fund-20%
- MercadoLibreMELI1.0% of the fund-34%
- Unusual MachinesUMAC0.9% of the fund-46%
- Spdr Series TrustXBI0.8% of the fund-71%
Sold out
Sold their entire stake.
- Palo Alto NetworksPANW-100%
- ShopifySHOP-100%
- Monolithic Power SystemsMPWR-100%
- KLAKLAC-100%
- ARM HoldingsARM-100%
- Applied MaterialsAMAT-100%
- ExxonMobil HoldingsXOM-100%
- UnitedHealth GroupUNH-100%
- ConocoPhillipsCOP-100%
- Robinhood MarketsHOOD-100%
- Vishay Precision GroupVPG-100%
- Spdr Series TrustXAR-100%
- CibusCBUS-100%
- Energy RecoveryERII-100%
- Grace TherapeuticsGRCE-100%
- Actuate TherapeuticsACTU-100%
- Angel StudiosANGX-100%
- Vertical AerospaceEVTL-100%
- Mobile InfrastructureBEEP-100%
- Defi TechnologiesDEFT-100%
- Fidelity Wise Origin BitcoinFBTC-100%
- Guardian Metal ResourcesGMTL-100%
- SnailSNAL-100%
- Outlook TherapeuticsOTLK-100%
- Addentax GroupATXG-100%
Holdings
- Invesco QQQ TRQQQ
- Share
- 25.2%
- Value
- $36m
- Shares
- 48,645
+36%
- Proshares TRQLD
- Share
- 7.2%
- Value
- $10m
- Shares
- 105,918
Held
- Ishares TRIWO
- Share
- 3.7%
- Value
- $5m
- Shares
- 13,453
Held
- CamecoCCJ
- Share
- 1.3%
- Value
- $2m
- Shares
- 18,760
Held
- Spdr Series TrustXBI
- Share
- 0.8%
- Value
- $1m
- Shares
- 6,736
-71%
- Spdr Gold TRGLD
- Share
- 0.5%
- Value
- $672,294
- Shares
- 1,825
+20%
- Vaneck ETF TrustGDX
- Share
- 0.4%
- Value
- $606,844
- Shares
- 8,043
Held
- Vaneck ETF TrustGDXJ
- Share
- 0.3%
- Value
- $398,699
- Shares
- 4,058
Held
- ECO Wave Power Global ABWAVE
- Share
- 0.2%
- Value
- $291,718
- Shares
- 32,234
New
- IperionxIPX
- Share
- 0.1%
- Value
- $159,561
- Shares
- 5,367
New
- SndlSNDL
- Share
- <0.1%
- Value
- $129,136
- Shares
- 95,656
New
- Silver BOW MiningSBMT
- Share
- <0.1%
- Value
- $101,400
- Shares
- 15,000
New
- Ishares Ethereum TRETHA
- Share
- <0.1%
- Value
- $100,970
- Shares
- 8,492
+40%
- I-80 GoldIAUX-WS
- Share
- <0.1%
- Value
- $25,500
- Shares
- 30,000
New
- Elmet GroupELMT
- Share
- <0.1%
- Value
- $19,740
- Shares
- 1,000
New
- CleansparkCLSKW
- Share
- <0.1%
- Value
- $5,250
- Shares
- 17,500
Held
- Medicus PharmaMDCXW
- Share
- <0.1%
- Value
- $3,900
- Shares
- 6,000
Held
- Mobix LabsMOBXW
- Share
- <0.1%
- Value
- $1,996
- Shares
- 22,397
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Invesco QQQ TRQQQ | 25.2% | $36m | 48,645 | +36% |
| Proshares TRQLD | 7.2% | $10m | 105,918 | Held |
| Intuitive SurgicalISRG | 6.6% | $9m | 23,392 | Held |
| Advanced Micro DevicesAMD | 5.0% | $7m | 12,189 | +907% |
| Taiwan Semiconductor ManufacturingTSM | 4.4% | $6m | 13,191 | New |
| DoorDashDASH | 4.1% | $6m | 31,569 | +5% |
| NvidiaNVDA | 4.1% | $6m | 29,025 | +1731% |
| BroadcomAVGO | 4.0% | $6m | 15,089 | +1569% |
| AppleAAPL | 4.0% | $6m | 19,379 | Held |
| Costco WholesaleCOST | 3.9% | $6m | 5,935 | +1790% |
| MicrosoftMSFT | 3.8% | $5m | 14,354 | Held |
| Ishares TRIWO | 3.7% | $5m | 13,453 | Held |
| QualcommQCOM | 3.6% | $5m | 27,957 | -20% |
| Marvell TechnologyMRVL | 2.6% | $4m | 12,580 | New |
| AlphabetGOOGL | 1.7% | $2m | 6,689 | Held |
| CamecoCCJ | 1.3% | $2m | 18,760 | Held |
| Amazon.comAMZN | 1.3% | $2m | 7,580 | +23% |
| Meta PlatformsMETA | 1.2% | $2m | 3,122 | +63% |
| MercadoLibreMELI | 1.0% | $1m | 830 | -34% |
| Unusual MachinesUMAC | 0.9% | $1m | 58,701 | -46% |
| Spdr Series TrustXBI | 0.8% | $1m | 6,736 | -71% |
| Micron TechnologyMU | 0.6% | $788,380 | 683 | Held |
| Dominari HoldingsDOMH | 0.5% | $763,720 | 243,223 | +113% |
| Spdr Gold TRGLD | 0.5% | $672,294 | 1,825 | +20% |
| SynopsysSNPS | 0.4% | $616,915 | 1,383 | Held |
| Vaneck ETF TrustGDX | 0.4% | $606,844 | 8,043 | Held |
| Lam ResearchLRCX | 0.4% | $544,262 | 1,256 | Held |
| Gorilla Technology GroupGRRR | 0.3% | $482,448 | 24,268 | New |
| CrexendoCXDO | 0.3% | $464,851 | 62,229 | New |
| Cisco SystemsCSCO | 0.3% | $435,189 | 3,705 | Held |
| American Battery TechnologyABAT | 0.3% | $420,323 | 148,524 | New |
| KopinKOPN | 0.3% | $406,045 | 90,635 | New |
| Constellation EnergyCEG | 0.3% | $402,608 | 1,621 | +43% |
| BlackSky TechnologyBKSY | 0.3% | $400,401 | 14,341 | New |
| Vaneck ETF TrustGDXJ | 0.3% | $398,699 | 4,058 | Held |
| Intuitive MachinesLUNR | 0.3% | $392,806 | 18,364 | New |
| SharonAI HoldingsSHAZ | 0.3% | $365,985 | 4,323 | New |
| Velo3DVELO | 0.2% | $345,015 | 19,659 | New |
| PolyPidPYPD | 0.2% | $343,408 | 67,600 | New |
| INVE TechnologiesINVE | 0.2% | $327,902 | 130,120 | New |
| PaysignPAYS | 0.2% | $326,658 | 39,885 | New |
| AlphabetGOOG | 0.2% | $309,517 | 876 | Held |
| TeslaTSLA | 0.2% | $300,729 | 715 | Held |
| ECO Wave Power Global ABWAVE | 0.2% | $291,718 | 32,234 | New |
| WalmartWMT | 0.2% | $277,600 | 2,451 | Held |
| NanoviricidesNNVC | 0.2% | $255,599 | 185,217 | New |
| NetflixNFLX | 0.2% | $254,255 | 3,561 | Held |
| Palantir TechnologiesPLTR | 0.2% | $233,807 | 2,004 | Held |
| Coda Octopus GroupCODA | 0.2% | $219,610 | 22,478 | Held |
| One Stop SystemsOSS | 0.1% | $203,580 | 11,198 | New |
| Oncolytics BiotechONCY | 0.1% | $176,408 | 185,712 | New |
| Dine Brands GlobalDIN | 0.1% | $168,227 | 4,686 | New |
| FTAI InfrastructureFIP | 0.1% | $167,304 | 36,057 | New |
| Processa PharmaceuticalsPCSA | 0.1% | $163,726 | 85,274 | +21% |
| IperionxIPX | 0.1% | $159,561 | 5,367 | New |
| United States AntimonyUAMY | 0.1% | $145,084 | 19,984 | New |
| SndlSNDL | <0.1% | $129,136 | 95,656 | New |
| Silver BOW MiningSBMT | <0.1% | $101,400 | 15,000 | New |
| Ishares Ethereum TRETHA | <0.1% | $100,970 | 8,492 | +40% |
| CapsoVisionCV | <0.1% | $75,504 | 9,961 | New |
| 1-800-Flowers.comFLWS | <0.1% | $64,317 | 18,482 | New |
| Sow GoodSOWG | <0.1% | $51,516 | 12,354 | New |
| AgEagle Aerial SystemsUAVS | <0.1% | $32,540 | 36,508 | New |
| I-80 GoldIAUX-WS | <0.1% | $25,500 | 30,000 | New |
| Elmet GroupELMT | <0.1% | $19,740 | 1,000 | New |
| HCW BiologicsHCWB | <0.1% | $16,657 | 3,338 | New |
| CleansparkCLSKW | <0.1% | $5,250 | 17,500 | Held |
| Medicus PharmaMDCXW | <0.1% | $3,900 | 6,000 | Held |
| Lisata TherapeuticsLSTA | <0.1% | $3,454 | 1,016 | Held |
| Mobix LabsMOBXW | <0.1% | $1,996 | 22,397 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 32.7% since 30 June 2025.
Where the money is
Technology37.1%
Health care7.4%
Retail & consumer5.8%
Everyday goods4.1%
Media & telecom3.6%
Materials1.8%
Industrials0.8%
Financial services0.5%
Utilities0.3%
Other38.5%
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.