Kennicott Capital Management

LARKSPUR, CAfiles as KENNICOTT CAPITAL MANAGEMENT LLC

$216m in 46 US stocks at the end of 30 June 2026. The top 10 are 79.1% of the money. It changed about 7.4% of the portfolio this quarter.

Value

$216m

Stocks

Top 10 share

79.1%

Turnover

7.4%

What changed this quarter

New

Bought for the first time this quarter.

Blackstone Mortgage TrustBXMT
0.2% of the fund
TwilioTWLO
0.1% of the fund

Added

Bought more of a stock they already held.

Invesco QQQ TRQQQ
24.8% of the fund
+19%
Ishares TRIYF
1.1% of the fund
+9%
Ishares TRIYJ
0.7% of the fund
+9%
Chimera InvestmentCIM
0.2% of the fund
+106%

Cut

Sold some of their stake.

Vanguard Index FDSVUG
10.6% of the fund
-24%
Ishares TRSGOV
7.0% of the fund
-5%
Select Sector Spdr TRXLY
2.0% of the fund
-3%
Select Sector Spdr TRXLF
1.5% of the fund
-2%
Invesco Exchange Traded FD TRSPT
1.4% of the fund
-16%
Select Sector Spdr TRXLP
1.0% of the fund
-5%
Select Sector Spdr TRXLC
<0.1% of the fund
-3%

Sold out

Sold their entire stake.

MicrosoftMSFT
-100%
Nuveen Quality Municipal Income FundNAD
-100%

Holdings

Invesco QQQ TRQQQ
Share
24.8%
Value
$54m
Shares
72,704
+19%
Vanguard Index FDSVV
Share
11.2%
Value
$24m
Shares
70,189
Held
Vanguard Index FDSVUG
Share
10.6%
Value
$23m
Shares
264,765
-24%
State STR Spdr S&P 500 ETF TSPY
Share
8.6%
Value
$19m
Shares
24,875
Held
Ishares TRSGOV
Share
7.0%
Value
$15m
Shares
149,832
-5%
Select Sector Spdr TRXLK
Share
6.7%
Value
$15m
Shares
76,223
Held
Ishares TRIVV
Share
3.0%
Value
$6m
Shares
8,644
Held
Select Sector Spdr TRXLI
Share
2.8%
Value
$6m
Shares
33,121
Held
Select Sector Spdr TRXLV
Share
2.4%
Value
$5m
Shares
32,889
Held
Select Sector Spdr TRXLY
Share
2.0%
Value
$4m
Shares
36,687
-3%
AppleAAPL
Share
1.6%
Value
$3m
Shares
11,808
Held
Vanguard Index FDSVTV
Share
1.5%
Value
$3m
Shares
15,259
Held
Select Sector Spdr TRXLF
Share
1.5%
Value
$3m
Shares
61,941
-2%
Invesco Exchange Traded FD TRSP
Share
1.5%
Value
$3m
Shares
14,872
Held
Vanguard Index FDSVTI
Share
1.4%
Value
$3m
Shares
8,431
Held
Invesco Exchange Traded FD TRSPT
Share
1.4%
Value
$3m
Shares
48,104
-16%
Ishares TRIYF
Share
1.1%
Value
$2m
Shares
17,868
+9%
Select Sector Spdr TRXLP
Share
1.0%
Value
$2m
Shares
24,904
-5%
NvidiaNVDA
Share
0.9%
Value
$2m
Shares
9,730
Held
Invesco Exch Traded FD TR IIQQQM
Share
0.9%
Value
$2m
Shares
6,205
Held
Vanguard Index FDSVB
Share
0.7%
Value
$1m
Shares
4,859
Held
Ishares TRIYJ
Share
0.7%
Value
$1m
Shares
8,805
+9%
Ishares TRIYH
Share
0.6%
Value
$1m
Shares
20,910
Held
RobloxRBLX
Share
0.6%
Value
$1m
Shares
24,926
Held
Lam ResearchLRCX
Share
0.5%
Value
$1m
Shares
2,400
Held
AlphabetGOOGL
Share
0.4%
Value
$922,015
Shares
2,580
Held
Vanguard Index FDSVBK
Share
0.4%
Value
$888,792
Shares
2,430
Held
Ishares TRIWO
Share
0.4%
Value
$873,015
Shares
2,216
Held
Vanguard World FDVFH
Share
0.4%
Value
$809,340
Shares
6,150
Held
Vanguard Index FDSVOO
Share
0.4%
Value
$788,458
Shares
1,148
Held
Amazon.comAMZN
Share
0.3%
Value
$666,160
Shares
2,795
Held
Vanguard Index FDSVO
Share
0.3%
Value
$620,389
Shares
7,700
Held
Vanguard World FDVIS
Share
0.3%
Value
$585,257
Shares
1,624
Held
Vanguard Index FDSVOT
Share
0.2%
Value
$532,656
Shares
1,739
Held
Starwood Property TrustSTWD
Share
0.2%
Value
$446,191
Shares
27,240
Held
Chimera InvestmentCIM
Share
0.2%
Value
$435,855
Shares
32,673
+106%
DoximityDOCS
Share
0.2%
Value
$414,800
Shares
20,000
Held
Meta PlatformsMETA
Share
0.2%
Value
$376,841
Shares
669
Held
Ishares TRIVW
Share
0.2%
Value
$374,632
Shares
2,724
Held
AlphabetGOOG
Share
0.2%
Value
$339,197
Shares
960
Held
Blackstone Mortgage TrustBXMT
Share
0.2%
Value
$337,300
Shares
19,900
New
Ishares TRIWM
Share
0.2%
Value
$325,387
Shares
1,083
Held
BroadcomAVGO
Share
0.1%
Value
$275,758
Shares
730
Held
Uber TechnologiesUBER
Share
0.1%
Value
$265,188
Shares
3,675
Held
TwilioTWLO
Share
0.1%
Value
$235,216
Shares
1,140
New
Select Sector Spdr TRXLC
Share
<0.1%
Value
$210,848
Shares
1,968
-3%

Company	Share of fund	Value	Shares	Change
Invesco QQQ TRQQQ	24.8%	$54m	72,704	+19%
Vanguard Index FDSVV	11.2%	$24m	70,189	Held
Vanguard Index FDSVUG	10.6%	$23m	264,765	-24%
State STR Spdr S&P 500 ETF TSPY	8.6%	$19m	24,875	Held
Ishares TRSGOV	7.0%	$15m	149,832	-5%
Select Sector Spdr TRXLK	6.7%	$15m	76,223	Held
Ishares TRIVV	3.0%	$6m	8,644	Held
Select Sector Spdr TRXLI	2.8%	$6m	33,121	Held
Select Sector Spdr TRXLV	2.4%	$5m	32,889	Held
Select Sector Spdr TRXLY	2.0%	$4m	36,687	-3%
AppleAAPL	1.6%	$3m	11,808	Held
Vanguard Index FDSVTV	1.5%	$3m	15,259	Held
Select Sector Spdr TRXLF	1.5%	$3m	61,941	-2%
Invesco Exchange Traded FD TRSP	1.5%	$3m	14,872	Held
Vanguard Index FDSVTI	1.4%	$3m	8,431	Held
Invesco Exchange Traded FD TRSPT	1.4%	$3m	48,104	-16%
Ishares TRIYF	1.1%	$2m	17,868	+9%
Select Sector Spdr TRXLP	1.0%	$2m	24,904	-5%
NvidiaNVDA	0.9%	$2m	9,730	Held
Invesco Exch Traded FD TR IIQQQM	0.9%	$2m	6,205	Held
Vanguard Index FDSVB	0.7%	$1m	4,859	Held
Ishares TRIYJ	0.7%	$1m	8,805	+9%
Ishares TRIYH	0.6%	$1m	20,910	Held
RobloxRBLX	0.6%	$1m	24,926	Held
Lam ResearchLRCX	0.5%	$1m	2,400	Held
AlphabetGOOGL	0.4%	$922,015	2,580	Held
Vanguard Index FDSVBK	0.4%	$888,792	2,430	Held
Ishares TRIWO	0.4%	$873,015	2,216	Held
Vanguard World FDVFH	0.4%	$809,340	6,150	Held
Vanguard Index FDSVOO	0.4%	$788,458	1,148	Held
Amazon.comAMZN	0.3%	$666,160	2,795	Held
Vanguard Index FDSVO	0.3%	$620,389	7,700	Held
Vanguard World FDVIS	0.3%	$585,257	1,624	Held
Vanguard Index FDSVOT	0.2%	$532,656	1,739	Held
Starwood Property TrustSTWD	0.2%	$446,191	27,240	Held
Chimera InvestmentCIM	0.2%	$435,855	32,673	+106%
DoximityDOCS	0.2%	$414,800	20,000	Held
Meta PlatformsMETA	0.2%	$376,841	669	Held
Ishares TRIVW	0.2%	$374,632	2,724	Held
AlphabetGOOG	0.2%	$339,197	960	Held
Blackstone Mortgage TrustBXMT	0.2%	$337,300	19,900	New
Ishares TRIWM	0.2%	$325,387	1,083	Held
BroadcomAVGO	0.1%	$275,758	730	Held
Uber TechnologiesUBER	0.1%	$265,188	3,675	Held
TwilioTWLO	0.1%	$235,216	1,140	New
Select Sector Spdr TRXLC	<0.1%	$210,848	1,968	-3%

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 23.1% since 30 June 2025.

Where the money is

Technology3.8%

Media & telecom0.8%

Real estate0.4%

Retail & consumer0.3%

Financial services0.2%

Health care0.2%

Industrials0.1%

Other94.2%

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.