DCF Advisers

MOUNT PLEASANT, SCfiles as DCF Advisers, LLC

$382m in 80 US stocks at the end of 30 June 2026. The top 10 are 58.1% of the money. It changed about 22.9% of the portfolio this quarter.

Value

$382m

Stocks

Top 10 share

58.1%

Turnover

22.9%

What changed this quarter

New

Bought for the first time this quarter.

Lam ResearchLRCX
0.9% of the fund
Barrick MiningB
0.6% of the fund
MarinemaxHZO
0.6% of the fund
Kraneshares TrustKWEB
0.4% of the fund
BoeingBA
0.3% of the fund
AstrazenecaAZN
0.2% of the fund
Zenas BioPharmaZBIO
0.2% of the fund
SavaraSVRA
0.2% of the fund
Home DepotHD
0.1% of the fund
ServiceNowNOW
<0.1% of the fund
Teladoc HealthTDOC
<0.1% of the fund
MedtronicMDT
<0.1% of the fund

Added

Bought more of a stock they already held.

Amazon.comAMZN
3.7% of the fund
+56%
Helus PharmaHELP
2.5% of the fund
+107%
Vertex PharmaceuticalsVRTX
1.5% of the fund
+64%
Spdr Gold TRGLD
1.3% of the fund
+17%
OracleORCL
1.2% of the fund
+7%
Zoom CommunicationsZM
1.1% of the fund
+9%
ImmuneeringIMRX
1.0% of the fund
+458%
Alibaba Group HldgBABA
1.0% of the fund
+3%
MicrosoftMSFT
0.9% of the fund
+548%
BroadcomAVGO
0.7% of the fund
+46%
Nuveen CR Strategies IncomeXJQCX
0.7% of the fund
+11%
BiohavenBHVN
0.5% of the fund
+5%
Structure TherapeuticsGPCR
0.5% of the fund
+17%
AllotALLT
0.4% of the fund
+9%
ArqARQ
0.3% of the fund
+41%
PinterestPINS
0.2% of the fund
+60%
COMPASS PathwaysCMPS
0.2% of the fund
+28%
Viridian TherapeuticsVRDN
0.2% of the fund
+18%
Turning Point BrandsTPB
0.2% of the fund
+7%
InflaRxIFRX
0.1% of the fund
+44%
ArdelyxARDX
<0.1% of the fund
+10%

Cut

Sold some of their stake.

Micron TechnologyMU
30.2% of the fund
-33%
AlphabetGOOG
5.0% of the fund
-5%
Argenx SEARGX
3.4% of the fund
-3%
Teva Pharmaceutical IndustriesTEVA
2.3% of the fund
-15%
NewAmsterdam PharmaNAMS
1.3% of the fund
-12%
Cisco SystemsCSCO
1.2% of the fund
-27%
BaiduBIDU
1.2% of the fund
-2%
IntelINTC
1.0% of the fund
-19%
Uber TechnologiesUBER
0.9% of the fund
-9%
Eli LillyLLY
0.8% of the fund
-67%
Ionis PharmaceuticalsIONS
0.8% of the fund
-33%
Barnes & Noble EducationBNED
0.5% of the fund
-17%
AmgenAMGN
0.5% of the fund
-13%
uniQureQURE
0.5% of the fund
-18%
QualcommQCOM
0.3% of the fund
-32%
LyftLYFT
0.3% of the fund
-24%
General MotorsGM
0.2% of the fund
-20%
AnaptysbioANAB
0.2% of the fund
-51%
Spotify TechnologySPOT
0.1% of the fund
-8%

Sold out

Sold their entire stake.

Barrick Gold
-100%
Lam ResearchLRCX
-100%
AstrazenecaAZN
-100%
SynopsysSNPS
-100%

Holdings

Micron TechnologyMU
Share
30.2%
Value
$115m
Shares
100,000
-33%
AlphabetGOOG
Share
5.0%
Value
$19m
Shares
54,000
-5%
Advanced Micro DevicesAMD
Share
4.4%
Value
$17m
Shares
29,000
Held
Amazon.comAMZN
Share
3.7%
Value
$14m
Shares
59,250
+56%
Argenx SEARGX
Share
3.4%
Value
$13m
Shares
14,200
-3%
Corvus PharmaceuticalsCRVS
Share
2.5%
Value
$10m
Shares
637,500
Held
Helus PharmaHELP
Share
2.5%
Value
$9m
Shares
1,434,988
+107%
Teva Pharmaceutical IndustriesTEVA
Share
2.3%
Value
$9m
Shares
254,500
-15%
Marvell TechnologyMRVL
Share
2.1%
Value
$8m
Shares
27,500
Held
Ishares Gold TRIAU
Share
2.0%
Value
$8m
Shares
100,000
Held
Bank of AmericaBAC
Share
1.8%
Value
$7m
Shares
119,500
Held
Regeneron PharmaceuticalsREGN
Share
1.5%
Value
$6m
Shares
9,250
Held
Energy Transfer L PET
Share
1.5%
Value
$6m
Shares
300,500
Held
Vertex PharmaceuticalsVRTX
Share
1.5%
Value
$6m
Shares
11,500
+64%
Spdr Gold TRGLD
Share
1.3%
Value
$5m
Shares
14,000
+17%
CitigroupC
Share
1.3%
Value
$5m
Shares
36,000
Held
NewAmsterdam PharmaNAMS
Share
1.3%
Value
$5m
Shares
141,000
-12%
Vaneck ETF TrustGDX
Share
1.2%
Value
$5m
Shares
62,500
Held
IncyteINCY
Share
1.2%
Value
$5m
Shares
41,500
Held
Cisco SystemsCSCO
Share
1.2%
Value
$5m
Shares
40,000
-27%
BaiduBIDU
Share
1.2%
Value
$5m
Shares
40,000
-2%
OracleORCL
Share
1.2%
Value
$4m
Shares
30,500
+7%
Zoom CommunicationsZM
Share
1.1%
Value
$4m
Shares
50,875
+9%
IntelINTC
Share
1.0%
Value
$4m
Shares
28,500
-19%
ImmuneeringIMRX
Share
1.0%
Value
$4m
Shares
790,000
+458%
Alibaba Group HldgBABA
Share
1.0%
Value
$4m
Shares
39,500
+3%
MicrosoftMSFT
Share
0.9%
Value
$4m
Shares
9,725
+548%
Uber TechnologiesUBER
Share
0.9%
Value
$4m
Shares
50,000
-9%
Lam ResearchLRCX
Share
0.9%
Value
$3m
Shares
7,500
New
Eli LillyLLY
Share
0.8%
Value
$3m
Shares
2,700
-67%
Evotec AGEVO
Share
0.8%
Value
$3m
Shares
1,079,024
Held
Ionis PharmaceuticalsIONS
Share
0.8%
Value
$3m
Shares
37,500
-33%
Abrdn Total Dynamic DividendXAODX
Share
0.7%
Value
$3m
Shares
266,000
Held
AbbVieABBV
Share
0.7%
Value
$3m
Shares
10,750
Held
BroadcomAVGO
Share
0.7%
Value
$3m
Shares
7,125
+46%
Zimmer Biomet HoldingsZBH
Share
0.7%
Value
$3m
Shares
30,500
Held
Nuveen CR Strategies IncomeXJQCX
Share
0.7%
Value
$3m
Shares
528,113
+11%
Vaneck ETF TrustGDXJ
Share
0.6%
Value
$2m
Shares
25,000
Held
Lifecore BiomedicalLFCR
Share
0.6%
Value
$2m
Shares
424,500
Held
Barrick MiningB
Share
0.6%
Value
$2m
Shares
60,000
New
Ishares Silver TRSLV
Share
0.6%
Value
$2m
Shares
40,000
Held
MarinemaxHZO
Share
0.6%
Value
$2m
Shares
57,500
New
Barnes & Noble EducationBNED
Share
0.5%
Value
$2m
Shares
164,383
-17%
BiohavenBHVN
Share
0.5%
Value
$2m
Shares
130,000
+5%
AmgenAMGN
Share
0.5%
Value
$2m
Shares
5,250
-13%
uniQureQURE
Share
0.5%
Value
$2m
Shares
40,000
-18%
Sprott FDS TRURNM
Share
0.5%
Value
$2m
Shares
35,000
Held
Structure TherapeuticsGPCR
Share
0.5%
Value
$2m
Shares
32,100
+17%
XencorXNCR
Share
0.4%
Value
$2m
Shares
103,736
Held
AppleAAPL
Share
0.4%
Value
$2m
Shares
5,750
Held
AllotALLT
Share
0.4%
Value
$2m
Shares
170,000
+9%
Kraneshares TrustKWEB
Share
0.4%
Value
$1m
Shares
55,000
New
BoeingBA
Share
0.3%
Value
$1m
Shares
6,000
New
QualcommQCOM
Share
0.3%
Value
$1m
Shares
7,000
-32%
ZAI LABZLAB
Share
0.3%
Value
$1m
Shares
63,500
Held
ArqARQ
Share
0.3%
Value
$1m
Shares
461,585
+41%
LyftLYFT
Share
0.3%
Value
$1m
Shares
78,000
-24%
Meta PlatformsMETA
Share
0.3%
Value
$1m
Shares
2,000
Held
Ishares TRIWM
Share
0.2%
Value
$901,350
Shares
3,000
Held
AstrazenecaAZN
Share
0.2%
Value
$900,695
Shares
4,750
New
SRH Total Return FundSTEW
Share
0.2%
Value
$895,000
Shares
50,000
Held
PinterestPINS
Share
0.2%
Value
$841,200
Shares
40,000
+60%
General MotorsGM
Share
0.2%
Value
$770,800
Shares
10,000
-20%
COMPASS PathwaysCMPS
Share
0.2%
Value
$767,638
Shares
54,250
+28%
Prothena Corp PublicPRTA
Share
0.2%
Value
$717,088
Shares
73,247
Held
Zenas BioPharmaZBIO
Share
0.2%
Value
$715,310
Shares
28,184
New
Viridian TherapeuticsVRDN
Share
0.2%
Value
$698,060
Shares
38,000
+18%
LensarLNSR
Share
0.2%
Value
$675,019
Shares
118,217
Held
Turning Point BrandsTPB
Share
0.2%
Value
$636,075
Shares
7,500
+7%
SavaraSVRA
Share
0.2%
Value
$616,000
Shares
100,000
New
AnaptysbioANAB
Share
0.2%
Value
$615,195
Shares
9,114
-51%
O-I GlassOI
Share
0.2%
Value
$577,800
Shares
60,000
Held
Home DepotHD
Share
0.1%
Value
$529,020
Shares
1,500
New
Spotify TechnologySPOT
Share
0.1%
Value
$528,000
Shares
1,150
-8%
InflaRxIFRX
Share
0.1%
Value
$511,840
Shares
228,500
+44%
ServiceNowNOW
Share
<0.1%
Value
$372,300
Shares
3,750
New
Teladoc HealthTDOC
Share
<0.1%
Value
$360,400
Shares
42,500
New
MedtronicMDT
Share
<0.1%
Value
$234,690
Shares
3,000
New
ArdelyxARDX
Share
<0.1%
Value
$112,200
Shares
22,000
+10%
AltimmuneALT
Share
<0.1%
Value
$44,688
Shares
14,700
Held

Company	Share of fund	Value	Shares	Change
Micron TechnologyMU	30.2%	$115m	100,000	-33%
AlphabetGOOG	5.0%	$19m	54,000	-5%
Advanced Micro DevicesAMD	4.4%	$17m	29,000	Held
Amazon.comAMZN	3.7%	$14m	59,250	+56%
Argenx SEARGX	3.4%	$13m	14,200	-3%
Corvus PharmaceuticalsCRVS	2.5%	$10m	637,500	Held
Helus PharmaHELP	2.5%	$9m	1,434,988	+107%
Teva Pharmaceutical IndustriesTEVA	2.3%	$9m	254,500	-15%
Marvell TechnologyMRVL	2.1%	$8m	27,500	Held
Ishares Gold TRIAU	2.0%	$8m	100,000	Held
Bank of AmericaBAC	1.8%	$7m	119,500	Held
Regeneron PharmaceuticalsREGN	1.5%	$6m	9,250	Held
Energy Transfer L PET	1.5%	$6m	300,500	Held
Vertex PharmaceuticalsVRTX	1.5%	$6m	11,500	+64%
Spdr Gold TRGLD	1.3%	$5m	14,000	+17%
CitigroupC	1.3%	$5m	36,000	Held
NewAmsterdam PharmaNAMS	1.3%	$5m	141,000	-12%
Vaneck ETF TrustGDX	1.2%	$5m	62,500	Held
IncyteINCY	1.2%	$5m	41,500	Held
Cisco SystemsCSCO	1.2%	$5m	40,000	-27%
BaiduBIDU	1.2%	$5m	40,000	-2%
OracleORCL	1.2%	$4m	30,500	+7%
Zoom CommunicationsZM	1.1%	$4m	50,875	+9%
IntelINTC	1.0%	$4m	28,500	-19%
ImmuneeringIMRX	1.0%	$4m	790,000	+458%
Alibaba Group HldgBABA	1.0%	$4m	39,500	+3%
MicrosoftMSFT	0.9%	$4m	9,725	+548%
Uber TechnologiesUBER	0.9%	$4m	50,000	-9%
Lam ResearchLRCX	0.9%	$3m	7,500	New
Eli LillyLLY	0.8%	$3m	2,700	-67%
Evotec AGEVO	0.8%	$3m	1,079,024	Held
Ionis PharmaceuticalsIONS	0.8%	$3m	37,500	-33%
Abrdn Total Dynamic DividendXAODX	0.7%	$3m	266,000	Held
AbbVieABBV	0.7%	$3m	10,750	Held
BroadcomAVGO	0.7%	$3m	7,125	+46%
Zimmer Biomet HoldingsZBH	0.7%	$3m	30,500	Held
Nuveen CR Strategies IncomeXJQCX	0.7%	$3m	528,113	+11%
Vaneck ETF TrustGDXJ	0.6%	$2m	25,000	Held
Lifecore BiomedicalLFCR	0.6%	$2m	424,500	Held
Barrick MiningB	0.6%	$2m	60,000	New
Ishares Silver TRSLV	0.6%	$2m	40,000	Held
MarinemaxHZO	0.6%	$2m	57,500	New
Barnes & Noble EducationBNED	0.5%	$2m	164,383	-17%
BiohavenBHVN	0.5%	$2m	130,000	+5%
AmgenAMGN	0.5%	$2m	5,250	-13%
uniQureQURE	0.5%	$2m	40,000	-18%
Sprott FDS TRURNM	0.5%	$2m	35,000	Held
Structure TherapeuticsGPCR	0.5%	$2m	32,100	+17%
XencorXNCR	0.4%	$2m	103,736	Held
AppleAAPL	0.4%	$2m	5,750	Held
AllotALLT	0.4%	$2m	170,000	+9%
Kraneshares TrustKWEB	0.4%	$1m	55,000	New
BoeingBA	0.3%	$1m	6,000	New
QualcommQCOM	0.3%	$1m	7,000	-32%
ZAI LABZLAB	0.3%	$1m	63,500	Held
ArqARQ	0.3%	$1m	461,585	+41%
LyftLYFT	0.3%	$1m	78,000	-24%
Meta PlatformsMETA	0.3%	$1m	2,000	Held
Ishares TRIWM	0.2%	$901,350	3,000	Held
AstrazenecaAZN	0.2%	$900,695	4,750	New
SRH Total Return FundSTEW	0.2%	$895,000	50,000	Held
PinterestPINS	0.2%	$841,200	40,000	+60%
General MotorsGM	0.2%	$770,800	10,000	-20%
COMPASS PathwaysCMPS	0.2%	$767,638	54,250	+28%
Prothena Corp PublicPRTA	0.2%	$717,088	73,247	Held
Zenas BioPharmaZBIO	0.2%	$715,310	28,184	New
Viridian TherapeuticsVRDN	0.2%	$698,060	38,000	+18%
LensarLNSR	0.2%	$675,019	118,217	Held
Turning Point BrandsTPB	0.2%	$636,075	7,500	+7%
SavaraSVRA	0.2%	$616,000	100,000	New
AnaptysbioANAB	0.2%	$615,195	9,114	-51%
O-I GlassOI	0.2%	$577,800	60,000	Held
Home DepotHD	0.1%	$529,020	1,500	New
Spotify TechnologySPOT	0.1%	$528,000	1,150	-8%
InflaRxIFRX	0.1%	$511,840	228,500	+44%
ServiceNowNOW	<0.1%	$372,300	3,750	New
Teladoc HealthTDOC	<0.1%	$360,400	42,500	New
MedtronicMDT	<0.1%	$234,690	3,000	New
ArdelyxARDX	<0.1%	$112,200	22,000	+10%
AltimmuneALT	<0.1%	$44,688	14,700	Held

Options (13)

Invesco QQQ TRQQQ
Type
Put
Value
$142m
Contracts
193,100
State STR Spdr S&P 500 ETF TSPY
Type
Put
Value
$19m
Contracts
25,000
Micron TechnologyMU
Type
Call
Value
$14m
Contracts
12,500
MicrosoftMSFT
Type
Call
Value
$2m
Contracts
6,200
BiohavenBHVN
Type
Call
Value
$2m
Contracts
134,500
StarbucksSBUX
Type
Call
Value
$1m
Contracts
10,000
Amazon.comAMZN
Type
Put
Value
$715,020
Contracts
3,000
AlphabetGOOGL
Type
Put
Value
$714,740
Contracts
2,000
Amazon.comAMZN
Type
Call
Value
$476,680
Contracts
2,000
Sanofi SASNY
Type
Call
Value
$426,600
Contracts
10,000
Ishares Bitcoin Trust ETFIBIT
Type
Call
Value
$316,255
Contracts
9,500
Zoom CommunicationsZM
Type
Call
Value
$129,465
Contracts
1,500
AltimmuneALT
Type
Call
Value
$112,480
Contracts
37,000

Company	Type	Value	Contracts
Invesco QQQ TRQQQ	Put	$142m	193,100
State STR Spdr S&P 500 ETF TSPY	Put	$19m	25,000
Micron TechnologyMU	Call	$14m	12,500
MicrosoftMSFT	Call	$2m	6,200
BiohavenBHVN	Call	$2m	134,500
StarbucksSBUX	Call	$1m	10,000
Amazon.comAMZN	Put	$715,020	3,000
AlphabetGOOGL	Put	$714,740	2,000
Amazon.comAMZN	Call	$476,680	2,000
Sanofi SASNY	Call	$426,600	10,000
Ishares Bitcoin Trust ETFIBIT	Call	$316,255	9,500
Zoom CommunicationsZM	Call	$129,465	1,500
AltimmuneALT	Call	$112,480	37,000

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 83.9% since 30 June 2025.

Where the money is

Technology45.4%

Health care21.1%

Media & telecom5.6%

Retail & consumer5.1%

Financial services3.1%

Industrials1.3%

Materials1.0%

Everyday goods0.2%

Other17.1%

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.