Positano Wealth Management
HONG KONG, K3files as Positano Wealth Management Ltd
$185m in 24 US stocks at the end of 30 June 2026. The top 10 are 93.8% of the money. It changed about 11.9% of the portfolio this quarter.
Value
$185m
Stocks
24
Top 10 share
93.8%
Turnover
11.9%
What changed this quarter
New
Bought for the first time this quarter.
- Applied OptoelectronicsAAOI<0.1% of the fund
Added
Bought more of a stock they already held.
- AlphabetGOOGL14.5% of the fund+2%
- NvidiaNVDA13.9% of the fund+6%
- MicrosoftMSFT11.2% of the fund+24%
- VisaV10.7% of the fund+17%
- ChubbCB10.5% of the fund+39%
- SalesforceCRM4.6% of the fund+29%
- Markel GroupMKL1.0% of the fund+6815%
- Uber TechnologiesUBER0.6% of the fund+51%
- IntuitINTU0.5% of the fund+90%
- Futu HldgsFUTU0.3% of the fund+114%
- Meta PlatformsMETA0.2% of the fund+6%
- Arthur J. GallagherAJG0.1% of the fund+1395%
Cut
Sold some of their stake.
- Marriott InternationalMAR4.3% of the fund-31%
- QualcommQCOM1.7% of the fund-50%
- AppleAAPL<0.1% of the fund-98%
Sold out
Sold their entire stake.
- AutohomeATHM-100%
Holdings
- Futu HldgsFUTU
- Share
- 0.3%
- Value
- $480,230
- Shares
- 5,123
+114%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AlphabetGOOGL | 14.5% | $27m | 75,168 | +2% |
| Micron TechnologyMU | 14.4% | $27m | 23,114 | Held |
| NvidiaNVDA | 13.9% | $26m | 128,783 | +6% |
| MicrosoftMSFT | 11.2% | $21m | 55,310 | +24% |
| VisaV | 10.7% | $20m | 57,425 | +17% |
| ChubbCB | 10.5% | $19m | 56,689 | +39% |
| Taiwan Semiconductor ManufacturingTSM | 5.3% | $10m | 20,352 | Held |
| SalesforceCRM | 4.6% | $9m | 54,462 | +29% |
| Hewlett Packard EnterpriseHPE | 4.4% | $8m | 180,389 | Held |
| Marriott InternationalMAR | 4.3% | $8m | 21,606 | -31% |
| QualcommQCOM | 1.7% | $3m | 17,031 | -50% |
| BroadcomAVGO | 1.4% | $3m | 7,064 | Held |
| Markel GroupMKL | 1.0% | $2m | 899 | +6815% |
| Uber TechnologiesUBER | 0.6% | $1m | 16,000 | +51% |
| IntuitINTU | 0.5% | $857,385 | 3,285 | +90% |
| FiservFISV | 0.3% | $575,258 | 11,728 | Held |
| Futu HldgsFUTU | 0.3% | $480,230 | 5,123 | +114% |
| Meta PlatformsMETA | 0.2% | $393,176 | 698 | +6% |
| Arthur J. GallagherAJG | 0.1% | $219,698 | 957 | +1395% |
| CienaCIEN | <0.1% | $120,678 | 246 | Held |
| AppleAAPL | <0.1% | $23,149 | 80 | -98% |
| AdobeADBE | <0.1% | $19,887 | 97 | Held |
| S&P GlobalSPGI | <0.1% | $16,698 | 41 | Held |
| Applied OptoelectronicsAAOI | <0.1% | $11,853 | 80 | New |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 44.4% since 31 December 2025.
Where the money is
Technology57.5%
Financial services22.5%
Media & telecom14.7%
Retail & consumer4.3%
Industrials0.6%
Other0.3%
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.