Praxis Capital Management
HINSDALE, ILfiles as Praxis Capital Management LLC
$63m in 29 US stocks at the end of 30 June 2026. The top 10 are 88.2% of the money. It changed about 58.7% of the portfolio this quarter.
Value
$63m
Stocks
29
Top 10 share
88.2%
Turnover
58.7%
What changed this quarter
New
Bought for the first time this quarter.
- Abrdn Platinum ETF TrustPPLT2.5% of the fund
- AlphabetGOOGL1.2% of the fund
- Meta PlatformsMETA1.2% of the fund
- Select Sector Spdr TRXLP0.9% of the fund
- Select Sector Spdr TRXLV0.9% of the fund
- Ishares TRIGV0.8% of the fund
- NextEra EnergyNEE0.4% of the fund
- Ishares TRIYR0.4% of the fund
- NetflixNFLX0.4% of the fund
Added
Bought more of a stock they already held.
- State STR Spdr S&P 500 ETF TSPY63.8% of the fund+434%
- Spdr Gold TRGLD8.3% of the fund+14%
- Ishares Silver TRSLV2.8% of the fund+100%
- MicrosoftMSFT2.3% of the fund+161%
- Amazon.comAMZN2.3% of the fund+53%
- AppleAAPL1.9% of the fund+29%
- Taiwan Semiconductor ManufacturingTSM0.8% of the fund+9%
Cut
Sold some of their stake.
- NvidiaNVDA1.6% of the fund-9%
- AlphabetGOOG1.5% of the fund-27%
- BroadcomAVGO0.8% of the fund-42%
- Home DepotHD0.7% of the fund-38%
- JPMorgan ChaseJPM0.7% of the fund-60%
- Waste ManagementWM0.5% of the fund-57%
- Union PacificUNP0.5% of the fund-62%
- CME GroupCME0.5% of the fund-62%
- AmphenolAPH0.4% of the fund-21%
- Intuitive SurgicalISRG0.4% of the fund-22%
- VisaV0.4% of the fund-62%
- General DynamicsGD0.3% of the fund-48%
Sold out
Sold their entire stake.
- Invesco QQQ TRQQQ-100%
- Ishares TRFXI-100%
- Invesco Actvely Mngd ETC FDPDBC-100%
- Occidental PetroleumOXY-100%
- AdecoagroAGRO-100%
- HersheyHSY-100%
- Freeport-McMoRanFCX-100%
- OlinOLN-100%
- EQTEQT-100%
- FlexFLEX-100%
- Atlanta Braves HoldingsBATRK-100%
- IlluminaILMN-100%
- Palantir TechnologiesPLTR-100%
- Berkshire HathawayBRK-B-100%
- DOWDOW-100%
- LyondellBasell IndustriesLYB-100%
- Coterra EnergyCTRA-100%
- SLB LimitedSLB-100%
- MongoDBMDB-100%
Holdings
- State STR Spdr S&P 500 ETF TSPY
- Share
- 63.8%
- Value
- $40m
- Shares
- 53,910
+434%
- Spdr Gold TRGLD
- Share
- 8.3%
- Value
- $5m
- Shares
- 14,200
+14%
- Ishares Silver TRSLV
- Share
- 2.8%
- Value
- $2m
- Shares
- 33,000
+100%
- Abrdn Platinum ETF TrustPPLT
- Share
- 2.5%
- Value
- $2m
- Shares
- 110,500
New
- Select Sector Spdr TRXLP
- Share
- 0.9%
- Value
- $556,569
- Shares
- 6,700
New
- Select Sector Spdr TRXLV
- Share
- 0.9%
- Value
- $555,310
- Shares
- 3,500
New
- Ishares TRIGV
- Share
- 0.8%
- Value
- $525,480
- Shares
- 5,800
New
- Ishares TRIYR
- Share
- 0.4%
- Value
- $245,400
- Shares
- 2,400
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| State STR Spdr S&P 500 ETF TSPY | 63.8% | $40m | 53,910 | +434% |
| Spdr Gold TRGLD | 8.3% | $5m | 14,200 | +14% |
| Ishares Silver TRSLV | 2.8% | $2m | 33,000 | +100% |
| Abrdn Platinum ETF TrustPPLT | 2.5% | $2m | 110,500 | New |
| MicrosoftMSFT | 2.3% | $1m | 3,940 | +161% |
| Amazon.comAMZN | 2.3% | $1m | 6,120 | +53% |
| AppleAAPL | 1.9% | $1m | 4,100 | +29% |
| NvidiaNVDA | 1.6% | $1m | 5,000 | -9% |
| AlphabetGOOG | 1.5% | $953,991 | 2,700 | -27% |
| AlphabetGOOGL | 1.2% | $761,198 | 2,130 | New |
| Meta PlatformsMETA | 1.2% | $749,176 | 1,330 | New |
| Select Sector Spdr TRXLP | 0.9% | $556,569 | 6,700 | New |
| Select Sector Spdr TRXLV | 0.9% | $555,310 | 3,500 | New |
| BroadcomAVGO | 0.8% | $528,850 | 1,400 | -42% |
| Ishares TRIGV | 0.8% | $525,480 | 5,800 | New |
| Taiwan Semiconductor ManufacturingTSM | 0.8% | $525,327 | 1,100 | +9% |
| Home DepotHD | 0.7% | $458,484 | 1,300 | -38% |
| JPMorgan ChaseJPM | 0.7% | $425,529 | 1,300 | -60% |
| Goldman Sachs GroupGS | 0.6% | $404,548 | 400 | Held |
| Waste ManagementWM | 0.5% | $334,320 | 1,500 | -57% |
| Union PacificUNP | 0.5% | $326,400 | 1,200 | -62% |
| CME GroupCME | 0.5% | $287,079 | 1,300 | -62% |
| AmphenolAPH | 0.4% | $282,112 | 1,600 | -21% |
| Intuitive SurgicalISRG | 0.4% | $278,376 | 700 | -22% |
| VisaV | 0.4% | $274,472 | 800 | -62% |
| NextEra EnergyNEE | 0.4% | $245,756 | 2,800 | New |
| Ishares TRIYR | 0.4% | $245,400 | 2,400 | New |
| NetflixNFLX | 0.4% | $235,620 | 3,300 | New |
| General DynamicsGD | 0.3% | $212,544 | 600 | -48% |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 125.9% since 31 December 2025.
Where the money is
Technology7.9%
Media & telecom4.3%
Retail & consumer3.0%
Financial services2.2%
Industrials1.4%
Health care0.4%
Utilities0.4%
Other80.3%
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.