Hoffman, Alan N Investment Management
WELLESLEY HILLS, MA
$169m in 14 US stocks at the end of 30 June 2026. The top 10 are 99.1% of the money. It changed about 2.8% of the portfolio this quarter.
Value
$169m
Stocks
14
Top 10 share
99.1%
Turnover
2.8%
What changed this quarter
New
Bought for the first time this quarter.
- Vertex PharmaceuticalsVRTX0.1% of the fund
Added
Bought more of a stock they already held.
- Vanguard World FDMGK3.5% of the fund+4%
- NIONIO0.3% of the fund+44%
Cut
Sold some of their stake.
- MicrosoftMSFT10.2% of the fund-6%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Vanguard World FDMGK
- Share
- 3.5%
- Value
- $6m
- Shares
- 67,302
+4%
- Invesco QQQ TRQQQ
- Share
- 0.6%
- Value
- $961,738
- Shares
- 1,306
Held
- NIONIO
- Share
- 0.3%
- Value
- $551,535
- Shares
- 108,999
+44%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.3%
- Value
- $527,966
- Shares
- 707
Held
- Spdr Series TrustSDY
- Share
- 0.2%
- Value
- $376,037
- Shares
- 2,471
Held
- Ishares TRDVY
- Share
- 0.2%
- Value
- $333,544
- Shares
- 2,134
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AppleAAPL | 52.6% | $89m | 307,561 | Held |
| Amazon.comAMZN | 14.7% | $25m | 104,140 | Held |
| MicrosoftMSFT | 10.2% | $17m | 46,152 | -6% |
| AlphabetGOOGL | 8.1% | $14m | 38,283 | Held |
| Costco WholesaleCOST | 4.6% | $8m | 8,346 | Held |
| Vanguard World FDMGK | 3.5% | $6m | 67,302 | +4% |
| AlphabetGOOG | 3.1% | $5m | 14,766 | Held |
| NvidiaNVDA | 1.6% | $3m | 13,283 | Held |
| Invesco QQQ TRQQQ | 0.6% | $961,738 | 1,306 | Held |
| NIONIO | 0.3% | $551,535 | 108,999 | +44% |
| State STR Spdr S&P 500 ETF TSPY | 0.3% | $527,966 | 707 | Held |
| Spdr Series TrustSDY | 0.2% | $376,037 | 2,471 | Held |
| Ishares TRDVY | 0.2% | $333,544 | 2,134 | Held |
| Vertex PharmaceuticalsVRTX | 0.1% | $218,561 | 440 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 16.5% since 30 June 2025.
Where the money is
Technology64.3%
Retail & consumer14.7%
Media & telecom11.2%
Everyday goods4.6%
Health care0.1%
Other5.1%
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.