Lavelle Capital LP

SAN FRANCISCO, CA

$197m in 75 US stocks at the end of 30 June 2026. The top 10 are 68.0% of the money. It changed about 17.6% of the portfolio this quarter.

Value

$197m

Stocks

Top 10 share

68.0%

Turnover

17.6%

What changed this quarter

New

Bought for the first time this quarter.

Cerebras SystemsCBRS
2.7% of the fund
Cisco SystemsCSCO
1.2% of the fund
Kraneshares Bosera MsciKBA
0.7% of the fund
ServiceNowNOW
0.3% of the fund
American ExpressAXP
0.3% of the fund
CS DiscoLAW
0.3% of the fund
BoeingBA
0.3% of the fund
BillionToOneBLLN
0.2% of the fund
Marriott InternationalMAR
0.2% of the fund
Lam ResearchLRCX
0.1% of the fund
Banco Bilbao Vizcaya ArgentariaBBVA
0.1% of the fund
Micron TechnologyMU
<0.1% of the fund

Added

Bought more of a stock they already held.

TeslaTSLA
19.6% of the fund
+31%
Spdr Series TrustBIL
5.8% of the fund
+1532%
AlphabetGOOGL
4.5% of the fund
+6%
AlphabetGOOG
4.0% of the fund
+5%
FreshworksFRSH
1.1% of the fund
+35%
Amazon.comAMZN
0.8% of the fund
+283%
WorkdayWDAY
0.7% of the fund
+60%
BlacklineBL
0.7% of the fund
+205%
SalesforceCRM
0.5% of the fund
+26%
MckessonMCK
0.2% of the fund
+7%

Cut

Sold some of their stake.

Meta PlatformsMETA
7.9% of the fund
-4%
NvidiaNVDA
1.0% of the fund
-19%
Taiwan Semiconductor ManufacturingTSM
0.8% of the fund
-14%
Goldman Sachs GroupGS
0.5% of the fund
-5%
Spinnaker ETF SeriesEUAD
0.1% of the fund
-61%

Sold out

Sold their entire stake.

J P Morgan Exchange Traded FJMST
-100%
StrategyMSTR
-100%
J P Morgan Exchange Traded FJMUB
-100%
J P Morgan Exchange Traded FJPST
-100%
Kraneshares TrustKTEC
-100%
JFrogFROG
-100%
CrowdStrike HoldingsCRWD
-100%

Holdings

TeslaTSLA
Share
19.6%
Value
$39m
Shares
91,628
+31%
State STR Spdr S&P 500 ETF TSPY
Share
13.4%
Value
$26m
Shares
35,407
Held
Meta PlatformsMETA
Share
7.9%
Value
$16m
Shares
27,753
-4%
Spdr Series TrustBIL
Share
5.8%
Value
$11m
Shares
124,881
+1532%
Vanguard Index FDSVOO
Share
5.3%
Value
$10m
Shares
15,286
Held
AlphabetGOOGL
Share
4.5%
Value
$9m
Shares
24,895
+6%
AlphabetGOOG
Share
4.0%
Value
$8m
Shares
22,176
+5%
Cerebras SystemsCBRS
Share
2.7%
Value
$5m
Shares
24,270
New
IsharesURTH
Share
2.6%
Value
$5m
Shares
25,688
Held
Vanguard Intl Equity Index FVT
Share
2.0%
Value
$4m
Shares
24,485
Held
Berkshire Hathaway INC DELBRK-A
Share
1.9%
Value
$4m
Shares
5
Held
Ishares TRIWR
Share
1.2%
Value
$2m
Shares
22,163
Held
Cisco SystemsCSCO
Share
1.2%
Value
$2m
Shares
20,000
New
Spdr Gold TRGLD
Share
1.1%
Value
$2m
Shares
5,813
Held
FreshworksFRSH
Share
1.1%
Value
$2m
Shares
204,175
+35%
Vanguard Index FDSVB
Share
1.0%
Value
$2m
Shares
6,455
Held
Vanguard Tax-Managed FDSVEA
Share
1.0%
Value
$2m
Shares
26,854
Held
NvidiaNVDA
Share
1.0%
Value
$2m
Shares
9,341
-19%
AppleAAPL
Share
0.9%
Value
$2m
Shares
6,088
Held
Taiwan Semiconductor ManufacturingTSM
Share
0.8%
Value
$2m
Shares
3,494
-14%
BILL HoldingsBILL
Share
0.8%
Value
$2m
Shares
45,640
Held
Select Sector Spdr TRXLV
Share
0.8%
Value
$2m
Shares
10,088
Held
Amazon.comAMZN
Share
0.8%
Value
$2m
Shares
6,531
+283%
ToastTOST
Share
0.8%
Value
$2m
Shares
55,000
Held
Ishares TRIVV
Share
0.8%
Value
$1m
Shares
2,000
Held
WorkdayWDAY
Share
0.7%
Value
$1m
Shares
11,411
+60%
BlacklineBL
Share
0.7%
Value
$1m
Shares
49,181
+205%
Ishares TRAGG
Share
0.7%
Value
$1m
Shares
13,487
Held
Kraneshares Bosera MsciKBA
Share
0.7%
Value
$1m
Shares
37,584
New
Berkshire HathawayBRK-B
Share
0.6%
Value
$1m
Shares
2,514
Held
Circle Internet GroupCRCL
Share
0.6%
Value
$1m
Shares
20,000
Held
SimilarwebSMWB
Share
0.6%
Value
$1m
Shares
202,727
Held
HubspotHUBS
Share
0.6%
Value
$1m
Shares
6,388
Held
SalesforceCRM
Share
0.5%
Value
$1m
Shares
6,823
+26%
Energy Transfer L PET
Share
0.5%
Value
$1m
Shares
55,239
Held
MicrosoftMSFT
Share
0.5%
Value
$1m
Shares
2,823
Held
Goldman Sachs GroupGS
Share
0.5%
Value
$992,154
Shares
981
-5%
Enterprise Products Partners L.P.EPD
Share
0.5%
Value
$935,968
Shares
25,462
Held
Alkami TechnologyALKT
Share
0.4%
Value
$881,683
Shares
48,658
Held
Sprout SocialSPT
Share
0.4%
Value
$834,275
Shares
110,500
Held
Invesco Exchange Traded FD TRSP
Share
0.4%
Value
$833,805
Shares
3,919
Held
Ishares TRACWX
Share
0.4%
Value
$816,889
Shares
10,733
Held
Ishares TROEF
Share
0.4%
Value
$803,118
Shares
2,195
Held
KlaviyoKVYO
Share
0.4%
Value
$771,610
Shares
51,100
Held
PfizerPFE
Share
0.4%
Value
$722,400
Shares
30,000
Held
WorkivaWK
Share
0.4%
Value
$718,191
Shares
14,805
Held
ServiceNowNOW
Share
0.3%
Value
$661,006
Shares
6,658
New
American ExpressAXP
Share
0.3%
Value
$659,588
Shares
1,950
New
VisaV
Share
0.3%
Value
$632,617
Shares
1,844
Held
Select Sector Spdr TRXLF
Share
0.3%
Value
$596,840
Shares
11,133
Held
Costco WholesaleCOST
Share
0.3%
Value
$592,011
Shares
633
Held
Ishares TRIWM
Share
0.3%
Value
$542,613
Shares
1,806
Held
SprinklrCXM
Share
0.3%
Value
$522,269
Shares
101,215
Held
CS DiscoLAW
Share
0.3%
Value
$510,814
Shares
135,136
New
BoeingBA
Share
0.3%
Value
$504,375
Shares
2,330
New
BillionToOneBLLN
Share
0.2%
Value
$490,238
Shares
4,086
New
Proshares TRNOBL
Share
0.2%
Value
$485,665
Shares
8,648
Held
Bank of AmericaBAC
Share
0.2%
Value
$475,476
Shares
8,345
Held
Marriott InternationalMAR
Share
0.2%
Value
$457,679
Shares
1,235
New
BroadcomAVGO
Share
0.2%
Value
$448,012
Shares
1,186
Held
MckessonMCK
Share
0.2%
Value
$372,886
Shares
493
+7%
Ishares Gold TRIAU
Share
0.2%
Value
$358,748
Shares
4,751
Held
PIMCO Dynamic Income FundPDI
Share
0.2%
Value
$350,153
Shares
20,967
Held
ASML Holding NVASML
Share
0.2%
Value
$342,184
Shares
172
Held
Alibaba Group HldgBABA
Share
0.2%
Value
$321,533
Shares
3,350
Held
Lam ResearchLRCX
Share
0.1%
Value
$288,598
Shares
666
New
Banco SantanderSAN
Share
0.1%
Value
$283,107
Shares
20,515
Held
2023 ETF Series TrustEAGL
Share
0.1%
Value
$270,092
Shares
8,396
Held
DeereDE
Share
0.1%
Value
$245,486
Shares
387
Held
ZoomInfo TechnologiesGTM
Share
0.1%
Value
$243,439
Shares
83,085
Held
Spinnaker ETF SeriesEUAD
Share
0.1%
Value
$221,740
Shares
5,257
-61%
Ishares TRIEFA
Share
0.1%
Value
$213,538
Shares
2,211
Held
Banco Bilbao Vizcaya ArgentariaBBVA
Share
0.1%
Value
$207,271
Shares
8,271
New
Micron TechnologyMU
Share
<0.1%
Value
$65,795
Shares
57
New
ExpensifyEXFY
Share
<0.1%
Value
$35,800
Shares
20,000
Held

Company	Share of fund	Value	Shares	Change
TeslaTSLA	19.6%	$39m	91,628	+31%
State STR Spdr S&P 500 ETF TSPY	13.4%	$26m	35,407	Held
Meta PlatformsMETA	7.9%	$16m	27,753	-4%
Spdr Series TrustBIL	5.8%	$11m	124,881	+1532%
Vanguard Index FDSVOO	5.3%	$10m	15,286	Held
AlphabetGOOGL	4.5%	$9m	24,895	+6%
AlphabetGOOG	4.0%	$8m	22,176	+5%
Cerebras SystemsCBRS	2.7%	$5m	24,270	New
IsharesURTH	2.6%	$5m	25,688	Held
Vanguard Intl Equity Index FVT	2.0%	$4m	24,485	Held
Berkshire Hathaway INC DELBRK-A	1.9%	$4m	5	Held
Ishares TRIWR	1.2%	$2m	22,163	Held
Cisco SystemsCSCO	1.2%	$2m	20,000	New
Spdr Gold TRGLD	1.1%	$2m	5,813	Held
FreshworksFRSH	1.1%	$2m	204,175	+35%
Vanguard Index FDSVB	1.0%	$2m	6,455	Held
Vanguard Tax-Managed FDSVEA	1.0%	$2m	26,854	Held
NvidiaNVDA	1.0%	$2m	9,341	-19%
AppleAAPL	0.9%	$2m	6,088	Held
Taiwan Semiconductor ManufacturingTSM	0.8%	$2m	3,494	-14%
BILL HoldingsBILL	0.8%	$2m	45,640	Held
Select Sector Spdr TRXLV	0.8%	$2m	10,088	Held
Amazon.comAMZN	0.8%	$2m	6,531	+283%
ToastTOST	0.8%	$2m	55,000	Held
Ishares TRIVV	0.8%	$1m	2,000	Held
WorkdayWDAY	0.7%	$1m	11,411	+60%
BlacklineBL	0.7%	$1m	49,181	+205%
Ishares TRAGG	0.7%	$1m	13,487	Held
Kraneshares Bosera MsciKBA	0.7%	$1m	37,584	New
Berkshire HathawayBRK-B	0.6%	$1m	2,514	Held
Circle Internet GroupCRCL	0.6%	$1m	20,000	Held
SimilarwebSMWB	0.6%	$1m	202,727	Held
HubspotHUBS	0.6%	$1m	6,388	Held
SalesforceCRM	0.5%	$1m	6,823	+26%
Energy Transfer L PET	0.5%	$1m	55,239	Held
MicrosoftMSFT	0.5%	$1m	2,823	Held
Goldman Sachs GroupGS	0.5%	$992,154	981	-5%
Enterprise Products Partners L.P.EPD	0.5%	$935,968	25,462	Held
Alkami TechnologyALKT	0.4%	$881,683	48,658	Held
Sprout SocialSPT	0.4%	$834,275	110,500	Held
Invesco Exchange Traded FD TRSP	0.4%	$833,805	3,919	Held
Ishares TRACWX	0.4%	$816,889	10,733	Held
Ishares TROEF	0.4%	$803,118	2,195	Held
KlaviyoKVYO	0.4%	$771,610	51,100	Held
PfizerPFE	0.4%	$722,400	30,000	Held
WorkivaWK	0.4%	$718,191	14,805	Held
ServiceNowNOW	0.3%	$661,006	6,658	New
American ExpressAXP	0.3%	$659,588	1,950	New
VisaV	0.3%	$632,617	1,844	Held
Select Sector Spdr TRXLF	0.3%	$596,840	11,133	Held
Costco WholesaleCOST	0.3%	$592,011	633	Held
Ishares TRIWM	0.3%	$542,613	1,806	Held
SprinklrCXM	0.3%	$522,269	101,215	Held
CS DiscoLAW	0.3%	$510,814	135,136	New
BoeingBA	0.3%	$504,375	2,330	New
BillionToOneBLLN	0.2%	$490,238	4,086	New
Proshares TRNOBL	0.2%	$485,665	8,648	Held
Bank of AmericaBAC	0.2%	$475,476	8,345	Held
Marriott InternationalMAR	0.2%	$457,679	1,235	New
BroadcomAVGO	0.2%	$448,012	1,186	Held
MckessonMCK	0.2%	$372,886	493	+7%
Ishares Gold TRIAU	0.2%	$358,748	4,751	Held
PIMCO Dynamic Income FundPDI	0.2%	$350,153	20,967	Held
ASML Holding NVASML	0.2%	$342,184	172	Held
Alibaba Group HldgBABA	0.2%	$321,533	3,350	Held
Lam ResearchLRCX	0.1%	$288,598	666	New
Banco SantanderSAN	0.1%	$283,107	20,515	Held
2023 ETF Series TrustEAGL	0.1%	$270,092	8,396	Held
DeereDE	0.1%	$245,486	387	Held
ZoomInfo TechnologiesGTM	0.1%	$243,439	83,085	Held
Spinnaker ETF SeriesEUAD	0.1%	$221,740	5,257	-61%
Ishares TRIEFA	0.1%	$213,538	2,211	Held
Banco Bilbao Vizcaya ArgentariaBBVA	0.1%	$207,271	8,271	New
Micron TechnologyMU	<0.1%	$65,795	57	New
ExpensifyEXFY	<0.1%	$35,800	20,000	Held

Options (2)

Micron TechnologyMU
Type
Call
Value
$35m
Contracts
30,000
Taiwan Semiconductor ManufacturingTSM
Type
Put
Value
$764,112
Contracts
1,600

Company	Type	Value	Contracts
Micron TechnologyMU	Call	$35m	30,000
Taiwan Semiconductor ManufacturingTSM	Put	$764,112	1,600

Over time and by industry

Value over time

Dec '25

Jun '26

Value is up 24.6% since 31 December 2025.

Where the money is

Retail & consumer20.6%

Media & telecom16.5%

Technology15.3%

Financial services3.7%

Health care0.8%

Industrials0.6%

Utilities0.5%

Everyday goods0.3%

Other41.8%

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.