Karl Kapital
SAN FRANCISCO, CAfiles as Karl Kapital LLC
$168m in 25 US stocks at the end of 30 June 2026. The top 10 are 56.3% of the money. It changed about 42.1% of the portfolio this quarter.
Value
$168m
Stocks
25
Top 10 share
56.3%
Turnover
42.1%
What changed this quarter
New
Bought for the first time this quarter.
- CompassCOMP8.8% of the fund
- Jack Henry & AssociatesJKHY4.6% of the fund
- Somnigroup InternationalSGI4.2% of the fund
- PROG HoldingsPRG4.0% of the fund
- WisdomTreeWT3.9% of the fund
- WebullBULL3.6% of the fund
- Fortune Brands InnovationsFBIN2.8% of the fund
- Virtu FinancialVIRT2.3% of the fund
- EquinixEQIX2.1% of the fund
- Horton D RDHI1.9% of the fund
- TraegerCOOK1.3% of the fund
Added
Bought more of a stock they already held.
- SEI InvestmentsSEIC4.6% of the fund+23%
- Valley National BancorpVLY4.3% of the fund+22%
- VisaV4.3% of the fund+21%
- LPL Financial HoldingsLPLA3.8% of the fund+26%
- Intercontinental ExchangeICE3.5% of the fund+52%
- Futu HldgsFUTU3.1% of the fund+14%
- Century CommunitiesCCS2.6% of the fund+4%
Cut
Sold some of their stake.
- Encore Capital GroupECPG7.8% of the fund-37%
- FlywireFLYW7.1% of the fund-32%
- Capital One FinancialCOF6.1% of the fund-8%
- UMB FinancialUMBF4.4% of the fund-17%
- Skyward Specialty Insurance GroupSKWD3.3% of the fund-63%
- ProgressivePGR2.9% of the fund-8%
- Affirm HoldingsAFRM2.7% of the fund-60%
Sold out
Sold their entire stake.
- S&P GlobalSPGI-100%
- UWM HoldingsUWMC-100%
- Rocket CompaniesRKT-100%
- Acadian Asset ManagementAAMI-100%
- Ridgepost CapitalRPC-100%
- Enova InternationalENVA-100%
- BGC GroupBGC-100%
- UBS Group AGUBS-100%
Holdings
- Futu HldgsFUTU
- Share
- 3.1%
- Value
- $5m
- Shares
- 54,843
+14%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| CompassCOMP | 8.8% | $15m | 1,202,967 | New |
| Encore Capital GroupECPG | 7.8% | $13m | 139,536 | -37% |
| FlywireFLYW | 7.1% | $12m | 681,049 | -32% |
| Capital One FinancialCOF | 6.1% | $10m | 51,276 | -8% |
| Jack Henry & AssociatesJKHY | 4.6% | $8m | 56,636 | New |
| SEI InvestmentsSEIC | 4.6% | $8m | 88,816 | +23% |
| UMB FinancialUMBF | 4.4% | $7m | 52,019 | -17% |
| Valley National BancorpVLY | 4.3% | $7m | 490,651 | +22% |
| VisaV | 4.3% | $7m | 20,877 | +21% |
| Somnigroup InternationalSGI | 4.2% | $7m | 89,395 | New |
| PROG HoldingsPRG | 4.0% | $7m | 143,375 | New |
| WisdomTreeWT | 3.9% | $6m | 382,391 | New |
| LPL Financial HoldingsLPLA | 3.8% | $6m | 22,675 | +26% |
| WebullBULL | 3.6% | $6m | 936,592 | New |
| Intercontinental ExchangeICE | 3.5% | $6m | 47,952 | +52% |
| Skyward Specialty Insurance GroupSKWD | 3.3% | $5m | 93,911 | -63% |
| Futu HldgsFUTU | 3.1% | $5m | 54,843 | +14% |
| ProgressivePGR | 2.9% | $5m | 22,529 | -8% |
| Fortune Brands InnovationsFBIN | 2.8% | $5m | 85,703 | New |
| Affirm HoldingsAFRM | 2.7% | $5m | 56,496 | -60% |
| Century CommunitiesCCS | 2.6% | $4m | 61,651 | +4% |
| Virtu FinancialVIRT | 2.3% | $4m | 63,941 | New |
| EquinixEQIX | 2.1% | $3m | 3,323 | New |
| Horton D RDHI | 1.9% | $3m | 19,843 | New |
| TraegerCOOK | 1.3% | $2m | 26,629 | New |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 48.9% since 31 December 2025.
Where the money is
Financial services62.2%
Technology12.4%
Real estate10.9%
Retail & consumer8.7%
Industrials2.8%
Other3.1%
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.