Tran Capital Management, L.P.
SAN RAFAEL, CA
$869m in 66 US stocks at the end of 30 June 2026. The top 10 are 54.3% of the money. It changed about 18.4% of the portfolio this quarter.
Value
$869m
Stocks
66
Top 10 share
54.3%
Turnover
18.4%
What changed this quarter
New
Bought for the first time this quarter.
- CrocsCROX2.2% of the fund
- Micron TechnologyMU1.6% of the fund
- CF Industries HoldingsCF1.5% of the fund
- AlconALC1.1% of the fund
- CloudflareNET0.5% of the fund
- Axon EnterpriseAXON<0.1% of the fund
- Invesco QQQ TRQQQ<0.1% of the fund
Added
Bought more of a stock they already held.
- NvidiaNVDA6.7% of the fund+10%
- DanaherDHR4.1% of the fund+6%
- Tyler TechnologiesTYL2.6% of the fund+28%
- Elemental RoyaltyELE2.1% of the fund+5%
- Tenet HealthcareTHC1.1% of the fund+59%
- LPL Financial HoldingsLPLA0.9% of the fund+1425%
- QXOQXO0.8% of the fund+2576%
- Texas Pacific LandTPL0.7% of the fund+2%
- Ishares TRIEF<0.1% of the fund+23%
Cut
Sold some of their stake.
- ARM HoldingsARM9.9% of the fund-11%
- GE VernovaGEV4.1% of the fund-3%
- Meta PlatformsMETA2.7% of the fund-9%
- NetflixNFLX1.8% of the fund-26%
- BWX TechnologiesBWXT1.8% of the fund-13%
- ProgressivePGR1.6% of the fund-15%
- Redwood TrustRWT0.3% of the fund-11%
- Schwab Strategic TRSCHR0.3% of the fund-5%
- Schwab Strategic TRSCHP0.3% of the fund-5%
- Ishares TRPFF0.3% of the fund-5%
- Vanguard Scottsdale FDSVMBS0.3% of the fund-5%
- AppleAAPL0.3% of the fund-6%
- Advanced Micro DevicesAMD0.2% of the fund-22%
- Keysight TechnologiesKEYS0.2% of the fund-9%
- GracoGGG0.2% of the fund-4%
- TeslaTSLA0.1% of the fund-4%
- Charles SchwabSCHW0.1% of the fund-17%
- Air Products & ChemicalsAPD<0.1% of the fund-92%
- Texas InstrumentsTXN<0.1% of the fund-47%
- T-Mobile USTMUS<0.1% of the fund-58%
- Eli LillyLLY<0.1% of the fund-80%
Sold out
Sold their entire stake.
- IntuitINTU-100%
- Venture GlobalVG-100%
- Markel GroupMKL-100%
- SPS CommerceSPSC-100%
- L3harris TechnologiesLHX-100%
- EntegrisENTG-100%
- Automatic Data ProcessingADP-100%
- PaychexPAYX-100%
- AvantorAVTR-100%
- Cisco SystemsCSCO-100%
- Johnson & JohnsonJNJ-100%
- Home DepotHD-100%
Holdings
- ARM HoldingsARM
- Share
- 9.9%
- Value
- $86m
- Shares
- 241,540
-11%
- Elemental RoyaltyELE
- Share
- 2.1%
- Value
- $18m
- Shares
- 1,049,124
+5%
- Schwab Strategic TRSCHR
- Share
- 0.3%
- Value
- $3m
- Shares
- 109,300
-5%
- Schwab Strategic TRSCHP
- Share
- 0.3%
- Value
- $3m
- Shares
- 99,399
-5%
- Ishares TRPFF
- Share
- 0.3%
- Value
- $3m
- Shares
- 86,278
-5%
- Vanguard Scottsdale FDSVMBS
- Share
- 0.3%
- Value
- $3m
- Shares
- 54,362
-5%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.1%
- Value
- $1m
- Shares
- 1,601
Held
- Ishares TREEM
- Share
- <0.1%
- Value
- $853,415
- Shares
- 12,475
Held
- Ishares TRIWM
- Share
- <0.1%
- Value
- $648,672
- Shares
- 2,159
Held
- Invesco Exchange Traded FD TRSP
- Share
- <0.1%
- Value
- $544,691
- Shares
- 2,560
Held
- Ishares TRIEFA
- Share
- <0.1%
- Value
- $468,896
- Shares
- 4,855
Held
- Ishares TRIEF
- Share
- <0.1%
- Value
- $400,031
- Shares
- 4,230
+23%
- Invesco QQQ TRQQQ
- Share
- <0.1%
- Value
- $235,648
- Shares
- 320
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| ARM HoldingsARM | 9.9% | $86m | 241,540 | -11% |
| Palo Alto NetworksPANW | 8.0% | $69m | 203,058 | Held |
| NvidiaNVDA | 6.7% | $58m | 291,411 | +10% |
| Amazon.comAMZN | 4.8% | $42m | 175,984 | Held |
| AlphabetGOOGL | 4.4% | $38m | 107,489 | Held |
| Ferguson EnterprisesFERG | 4.4% | $38m | 160,769 | Held |
| GE VernovaGEV | 4.1% | $35m | 30,201 | -3% |
| DanaherDHR | 4.1% | $35m | 186,081 | +6% |
| MicrosoftMSFT | 4.0% | $35m | 92,904 | Held |
| Talen EnergyTLN | 4.0% | $34m | 89,430 | Held |
| Taiwan Semiconductor ManufacturingTSM | 3.8% | $33m | 68,614 | Held |
| Phillips 66PSX | 3.7% | $32m | 189,102 | Held |
| International Flavors & FragrancesIFF | 3.0% | $26m | 327,392 | Held |
| Martin Marietta MaterialsMLM | 2.9% | $25m | 43,072 | Held |
| Meta PlatformsMETA | 2.7% | $24m | 41,933 | -9% |
| Tyler TechnologiesTYL | 2.6% | $23m | 77,442 | +28% |
| CrocsCROX | 2.2% | $19m | 158,885 | New |
| Elemental RoyaltyELE | 2.1% | $18m | 1,049,124 | +5% |
| ATIATI | 2.0% | $18m | 89,993 | Held |
| NetflixNFLX | 1.8% | $16m | 221,959 | -26% |
| BWX TechnologiesBWXT | 1.8% | $15m | 78,531 | -13% |
| Wesco InternationalWCC | 1.7% | $15m | 43,911 | Held |
| Micron TechnologyMU | 1.6% | $14m | 12,221 | New |
| ProgressivePGR | 1.6% | $14m | 63,698 | -15% |
| CF Industries HoldingsCF | 1.5% | $13m | 123,491 | New |
| AerCap HoldingsAER | 1.2% | $11m | 74,360 | Held |
| AlconALC | 1.1% | $10m | 147,625 | New |
| Tenet HealthcareTHC | 1.1% | $10m | 51,427 | +59% |
| LPL Financial HoldingsLPLA | 0.9% | $8m | 28,177 | +1425% |
| QXOQXO | 0.8% | $7m | 386,211 | +2576% |
| Texas Pacific LandTPL | 0.7% | $6m | 14,641 | +2% |
| CloudflareNET | 0.5% | $4m | 16,841 | New |
| Redwood TrustRWT | 0.3% | $3m | 628,267 | -11% |
| Schwab Strategic TRSCHR | 0.3% | $3m | 109,300 | -5% |
| Schwab Strategic TRSCHP | 0.3% | $3m | 99,399 | -5% |
| Ishares TRPFF | 0.3% | $3m | 86,278 | -5% |
| Vanguard Scottsdale FDSVMBS | 0.3% | $3m | 54,362 | -5% |
| AppleAAPL | 0.3% | $2m | 8,201 | -6% |
| Advanced Micro DevicesAMD | 0.2% | $2m | 3,013 | -22% |
| Extra Space StorageEXR | 0.2% | $2m | 11,910 | Held |
| Keysight TechnologiesKEYS | 0.2% | $2m | 4,875 | -9% |
| Fair IsaacFICO | 0.2% | $1m | 1,229 | Held |
| GracoGGG | 0.2% | $1m | 17,250 | -4% |
| TeslaTSLA | 0.1% | $1m | 3,030 | -4% |
| State STR Spdr S&P 500 ETF TSPY | 0.1% | $1m | 1,601 | Held |
| Bloom EnergyBE | 0.1% | $1m | 3,379 | Held |
| Charles SchwabSCHW | 0.1% | $949,925 | 10,295 | -17% |
| AflacAFL | 0.1% | $938,000 | 8,000 | Held |
| Ishares TREEM | <0.1% | $853,415 | 12,475 | Held |
| Air Products & ChemicalsAPD | <0.1% | $686,921 | 2,343 | -92% |
| Ishares TRIWM | <0.1% | $648,672 | 2,159 | Held |
| Texas InstrumentsTXN | <0.1% | $596,140 | 2,000 | -47% |
| Vertiv HoldingsVRT | <0.1% | $546,426 | 1,632 | Held |
| Invesco Exchange Traded FD TRSP | <0.1% | $544,691 | 2,560 | Held |
| Ishares TRIEFA | <0.1% | $468,896 | 4,855 | Held |
| Ishares TRIEF | <0.1% | $400,031 | 4,230 | +23% |
| American Healthcare REITAHR | <0.1% | $383,303 | 7,350 | Held |
| T-Mobile USTMUS | <0.1% | $377,057 | 2,248 | -58% |
| Brown FormanBF-B | <0.1% | $308,474 | 11,575 | Held |
| Bio-TechneTECH | <0.1% | $282,600 | 4,000 | Held |
| Sherwin-WilliamsSHW | <0.1% | $277,522 | 806 | Held |
| Eli LillyLLY | <0.1% | $275,869 | 230 | -80% |
| Berkshire HathawayBRK-B | <0.1% | $250,195 | 500 | Held |
| JPMorgan ChaseJPM | <0.1% | $250,068 | 764 | Held |
| Axon EnterpriseAXON | <0.1% | $242,744 | 433 | New |
| Invesco QQQ TRQQQ | <0.1% | $235,648 | 320 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 2.2% since 30 June 2025.
Where the money is
Technology39.2%
Industrials15.2%
Materials9.6%
Media & telecom9.0%
Retail & consumer7.2%
Health care6.4%
Energy4.4%
Utilities4.0%
Financial services2.8%
Real estate0.6%
Everyday goods0.0%
Other1.7%
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.