Once Capital Management
NEW YORK, NYfiles as ONCE CAPITAL MANAGEMENT, LLC
$510m in 22 US stocks at the end of 30 June 2026. The top 10 are 90.8% of the money. It changed about 15.2% of the portfolio this quarter.
Value
$510m
Stocks
22
Top 10 share
90.8%
Turnover
15.2%
What changed this quarter
New
Bought for the first time this quarter.
- NovantaNOVT0.2% of the fund
Added
Bought more of a stock they already held.
- AST SpaceMobileASTS14.2% of the fund+3%
- Rocket LabRKLB12.9% of the fund+4%
- Planet Labs PBCPL2.6% of the fund+279%
- Nuscale PowerSMR1.3% of the fund+21%
- SymboticSYM0.4% of the fund+25%
Cut
Sold some of their stake.
- Marvell TechnologyMRVL5.6% of the fund-42%
- Intuitive MachinesLUNR0.2% of the fund-79%
Sold out
Sold their entire stake.
- ServiceNowNOW-100%
Holdings
- Grayscale Bitcoin Trust ETFGBTC
- Share
- 1.0%
- Value
- $5m
- Shares
- 107,700
Held
- Grayscale Bitcoin Mini TR ETBTC
- Share
- 0.1%
- Value
- $558,963
- Shares
- 21,540
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 22.1% | $112m | 562,000 | Held |
| Advanced Micro DevicesAMD | 14.3% | $73m | 125,300 | Held |
| AST SpaceMobileASTS | 14.2% | $73m | 816,500 | +3% |
| Rocket LabRKLB | 12.9% | $66m | 645,000 | +4% |
| CrowdStrike HoldingsCRWD | 7.6% | $39m | 51,000 | Held |
| Marvell TechnologyMRVL | 5.6% | $29m | 96,700 | -42% |
| AppleAAPL | 4.6% | $23m | 80,900 | Held |
| Spotify TechnologySPOT | 3.6% | $18m | 40,100 | Held |
| Amazon.comAMZN | 3.3% | $17m | 70,800 | Held |
| TeslaTSLA | 2.6% | $13m | 32,000 | Held |
| Planet Labs PBCPL | 2.6% | $13m | 398,000 | +279% |
| MicrosoftMSFT | 2.4% | $12m | 33,200 | Held |
| Nuscale PowerSMR | 1.3% | $7m | 680,000 | +21% |
| Grayscale Bitcoin Trust ETFGBTC | 1.0% | $5m | 107,700 | Held |
| Centrus EnergyLEU | 0.5% | $2m | 14,000 | Held |
| SymboticSYM | 0.4% | $2m | 50,000 | +25% |
| Energy FuelsUUUU | 0.3% | $2m | 110,000 | Held |
| NovantaNOVT | 0.2% | $1m | 6,600 | New |
| Intuitive MachinesLUNR | 0.2% | $1m | 50,000 | -79% |
| Grayscale Bitcoin Mini TR ETBTC | 0.1% | $558,963 | 21,540 | Held |
| BWX TechnologiesBWXT | <0.1% | $486,625 | 2,500 | Held |
| Richtech RoboticsRR | <0.1% | $42,200 | 20,000 | Held |
Options (2)
- Nvidia
- Type
- Call
- Value
- $699m
- Contracts
- 3,491,300
- Planet Labs PBC
- Type
- Call
- Value
- $10m
- Contracts
- 300,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Nvidia | Call | $699m | 3,491,300 |
| Planet Labs PBC | Call | $10m | 300,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 57.8% since 30 June 2025.
Where the money is
Technology59.4%
Media & telecom17.8%
Industrials14.9%
Retail & consumer5.9%
Materials0.8%
Other1.1%
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.