Milfam
Stuart, FLfiles as MILFAM LLC
$126m in 11 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 15.2% of the portfolio this quarter.
Value
$126m
Stocks
11
Top 10 share
100.0%
Turnover
15.2%
What changed this quarter
New
Bought for the first time this quarter.
- Ares ManagementARES1.3% of the fund
- Apollo Global ManagementAPO0.7% of the fund
- Energy RecoveryERII0.5% of the fund
- ViasatVSAT0.2% of the fund
- Invesco Exchange Traded FD TRSP<0.1% of the fund
Added
Bought more of a stock they already held.
- NextnavNN46.2% of the fund+30%
- Optimum CommunicationsOPTU18.3% of the fund+82%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
- NextnavNNAVW-100%
Holdings
- Invesco Exchange Traded FD TRSP
- Share
- <0.1%
- Value
- $21,277
- Shares
- 100
New
- Blackstone Senior Floating Rate 2027 Term FundBSL
- Share
- <0.1%
- Value
- $26
- Shares
- 2
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NextnavNN | 46.2% | $58m | 3,267,920 | +30% |
| Pg&ePCG | 21.9% | $28m | 1,642,941 | Held |
| Optimum CommunicationsOPTU | 18.3% | $23m | 15,920,494 | +82% |
| Scully RoyaltySRL | 9.6% | $12m | 1,985,952 | Held |
| Ares ManagementARES | 1.3% | $2m | 15,000 | New |
| SeadrillSDRL | 1.2% | $2m | 40,000 | Held |
| Apollo Global ManagementAPO | 0.7% | $887,325 | 7,500 | New |
| Energy RecoveryERII | 0.5% | $676,500 | 75,000 | New |
| ViasatVSAT | 0.2% | $269,430 | 3,000 | New |
| Invesco Exchange Traded FD TRSP | <0.1% | $21,277 | 100 | New |
| Blackstone Senior Floating Rate 2027 Term FundBSL | <0.1% | $26 | 2 | Held |
Options (1)
- Pg&e
- Type
- Call
- Value
- $2m
- Contracts
- 13,500
| Company | Type | Value | Contracts |
|---|---|---|---|
| Pg&e | Call | $2m | 13,500 |
Over time and by industry
Value over time
Jun '26
Value is up 27.0% since 31 March 2026.
Where the money is
Industrials46.7%
Utilities21.9%
Media & telecom18.5%
Financial services11.7%
Energy1.2%
Other0.0%
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.