Rule One Partners
MORELAND, GAfiles as Rule One Partners, LLC
$93m in 9 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 16.5% of the portfolio this quarter.
Value
$93m
Stocks
9
Top 10 share
100.0%
Turnover
16.5%
What changed this quarter
New
Bought for the first time this quarter.
- ZoetisZTS4.7% of the fund
- MicrosoftMSFT2.2% of the fund
Added
Bought more of a stock they already held.
- NetflixNFLX32.2% of the fund+5%
- SalesforceCRM16.8% of the fund+14%
- lululemon athleticaLULU15.7% of the fund+22%
- PoolPOOL6.5% of the fund+235%
- NikeNKE1.7% of the fund+1749%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NetflixNFLX | 32.2% | $30m | 405,000 | +5% |
| Sprouts Farmers MarketSFM | 18.6% | $17m | 210,800 | Held |
| SalesforceCRM | 16.8% | $16m | 99,001 | +14% |
| lululemon athleticaLULU | 15.7% | $15m | 127,600 | +22% |
| PoolPOOL | 6.5% | $6m | 28,501 | +235% |
| ZoetisZTS | 4.7% | $4m | 60,001 | New |
| MicrosoftMSFT | 2.2% | $2m | 5,500 | New |
| PayPal HoldingsPYPL | 1.7% | $2m | 35,001 | Held |
| NikeNKE | 1.7% | $2m | 37,001 | +1749% |
Options (5)
- State STR Spdr S&P 500 ETF T
- Type
- Put
- Value
- $532m
- Contracts
- 718,500
- Ishares TR
- Type
- Put
- Value
- $42m
- Contracts
- 69,000
- Zoetis
- Type
- Call
- Value
- $18m
- Contracts
- 246,500
- Pool
- Type
- Put
- Value
- $5m
- Contracts
- 22,000
- MicrosoftMSFT
- Type
- Put
- Value
- $4m
- Contracts
- 10,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| State STR Spdr S&P 500 ETF T | Put | $532m | 718,500 |
| Ishares TR | Put | $42m | 69,000 |
| Zoetis | Call | $18m | 246,500 |
| Pool | Put | $5m | 22,000 |
| MicrosoftMSFT | Put | $4m | 10,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 16.1% since 30 June 2025.
Where the money is
Media & telecom32.2%
Technology19.0%
Everyday goods18.6%
Retail & consumer17.4%
Industrials6.5%
Health care4.7%
Financial services1.7%
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.