Arkolith/Funds/Avalon Capital Management

Avalon Capital Management

CIK 1510809
Holdings as of Jun 30, 2026·disclosed Jul 16, 2026·~16-day 13F lag·13F-HR
Active Filer

Avalon Capital Management holds a focused book of 126 reported positions worth $422.4M as of Q2 2026 (disclosed Jul 16, 2026, a ~16-day 13F lag). This quarter they opened Schwab US Small-Cap ETF and trimmed Invesco Optimum Yield Divers. Their largest long position is Alphabet Inc-CL A at 13% of the reported non-option book. They also disclosed $994K in call options (bullish), shown separately below and excluded from the non-option book. Cloning the disclosed picks since 2013 would be +288% (+11.1%/yr). That is a simulation of the disclosed long book, not audited returns.

Growth of $10,000: cloning the disclosed book

If you'd copied them
+287.5%
+11.1%/yr · since Oct '13
Their reported book
+176.1%
held from quarter-end
S&P 500
+432.8%
same window
$10K$21K$32K$43K$54KOct '13May '16Dec '18Aug '21Mar '24Sep '26
Avalon Capital Management (copied at disclosure) S&P 500

Following at the filing date actually beat the quarter-end book by 111.5 points over this window.

Growth of $10,000 cloning Avalon Capital Management's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~16 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.

How much sits in the biggest positions

Top-heavy: focused book

Top 5 holdings
37%
Top 10 holdings
55%
Top 20 holdings
74%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Where the money is, by sector

51% mapped to company sectors

ETFs / funds
46%
Information Technology
29%
Financials
8%
Consumer Discretionary
4%
Health Care
4%
No sector on file yet
3%
Industrials
2%
Energy
1%

+4 sectors below the cut, 2% together

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis

Bought
Trimmed / exited

Funds with the most overlap

Other tracked managers holding the same core names as Avalon Capital Management

Manager / fundShared namesTheir $ in those
Innovator Capital Management, LLC8 / 80$2.9B
BlueSpruce Investments, LP8 / 80$639.3M
United American Securities Inc. (d/b/a UAS Asset Management)10 / 80$453.6M
Hoffman, Alan N Investment Management9 / 80$161.9M
Greenbrier Partners Capital Management, LLC8 / 80$1.2B
Ketron Financial21 / 80$279.7M
Draper Asset Management, LLC9 / 80$169.7M
Emerald Advisors, LLC25 / 80$665.9M

Ranked by the share of each fund's own book sitting in the names it shares with Avalon Capital Management: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.

Holdings: largest first

Bars show each position's share of the portfolio. Click a row for its position history.

126 positions
#SecurityValueShares% PortLast moveHistory
1Alphabet Inc
CAP STK CL A
$53.9M150.9K
12.8%
+11%
Added · +15K sh
2Vaneck ETF Trust
SEMICONDUCTR ETF
$31.5M48.0K
7.4%
+2.7%
Added · +1K sh
3Vaneck ETF Trust
GOLD MINERS ETF
$25.0M331.1K
5.9%
+31%
Added · +79K sh
4SPDR Gold TR
GOLD SHS
$23.3M63.2K
5.5%
+69%
Added · +26K sh
5Alphabet Inc
CAP STK CL C
$22.7M64.1K
5.4%
+0.8%
Added · +500 sh
6Cisco Sys Inc
COM
$18.0M153.3K
4.3%
Held
7Eli Lilly & Co
COM
$16.4M13.6K
3.9%
+80%
Added · +6K sh
8Amazon Com Inc
COM
$15.4M64.6K
3.6%
+24%
Added · +12K sh
9Ishares Inc
CORE MSCI EMKT
$14.7M176.9K
3.5%
+2.4%
Added · +4K sh
10Apple Inc
COM
$13.4M46.2K
3.2%
Held
11Schwab Strategic TR
US SML CAP ETF
$12.4M343.7K
2.9%
New
New position
12Vaneck FDS
EMER MARK BD ETF
$10.9M213.0K
2.6%
+30%
Added · +49K sh
13Global X FDS
GLOBAL X URANIUM
$8.5M193.9K
2.0%
+1.1%
Added · +2K sh
14Invesco Actvely MNGD Etc FD
OPTIMUM YIELD
$8.0M505.0K
1.9%
−49%
Reduced · −487K sh
15Vaneck ETF Trust
RARE EAR STR ETF
$8.0M90.3K
1.9%
+4.7%
Added · +4K sh
16TCW ETF Trust
TRANS SYSTE ETF
$7.4M60.0K
1.7%
+8.8%
Added · +5K sh
17Global X FDS
GLOBAL X SILVER
$7.0M91.0K
1.7%
+713%
Added · +80K sh
18Dimensional ETF Trust
INTL SMALL CAP V
$6.0M148.8K
1.4%
+0.4%
Added · +614 sh
19Ishares TR
MSCI EMG MKT ETF
$5.6M81.6K
1.3%
Held
20Microsoft Corp
COM
$5.2M13.9K
1.2%
−0.2%
Reduced · −23 sh
21Amplify ETF TR
CWP ENHANCED DIV
$4.5M98.9K
1.1%
+1.2%
Added · +1K sh
22Vaneck ETF Trust
MRNGSTR WDE MOAT
$4.1M39.6K
1.0%
~0%
Added · +18 sh
23Vaneck ETF Trust
REAL ASSETS ETF
$3.7M92.1K
0.9%
+1.9%
Added · +2K sh
24Global X FDS
DATA CTR DIG ETF
$3.6M120.1K
0.9%
+0.3%
Added · +395 sh
25Chevron Corporation
COM
$3.3M19.8K
0.8%
−61%
Reduced · −31K sh
26Vanguard Index FDS
VALUE ETF
$3.0M14.0K
0.7%
+5.0%
Added · +665 sh
27Select Sector SPDR TR
ST STR ENERG ETF
$3.0M56.8K
0.7%
New
New position
28SPDR Series Trust
ST STR SP BIOT
$2.9M18.5K
0.7%
New
New position
29Goldman Sachs ETF TR
S&P 500 PREMIUM
$2.9M51.9K
0.7%
Held
30Nvidia Corporation
COM
$2.8M13.8K
0.7%
−2.1%
Reduced · −293 sh
31Ishares Silver TR
ISHARES
$2.7M50.6K
0.6%
−0.7%
Reduced · −348 sh
32Ishares Inc
MSCI JAPN SMCETF
$2.6M24.6K
0.6%
+19%
Added · +4K sh
33Ishares TR
U.S. TECH ETF
$2.6M10.3K
0.6%
New
New position
34Ge Vernova Inc
COM
$2.5M2.1K
0.6%
−16%
Reduced · −415 sh
35Ishares TR
TRUST ISHARE 0-1
$2.4M22.0K
0.6%
+199%
Added · +15K sh
36Berkshire Hathaway Inc Del
CL B NEW
$2.3M4.6K
0.5%
−0.4%
Reduced · −17 sh
37SPDR Series Trust
ST STR SP METAL
$2.2M21.0K
0.5%
−0.1%
Reduced · −27 sh
38Invesco QQQ TR
UNIT SER 1
$2.1M2.9K
0.5%
+20%
Added · +484 sh
39Ishares TR
CORE 30 70 ETF
$2.1M50.7K
0.5%
−1.3%
Reduced · −686 sh
40Agnico Eagle Mines Ltd
COM
$2.0M12.7K
0.5%
Held
41Ishares Gold TR
ISHARES NEW
$1.9M25.7K
0.5%
−44%
Reduced · −20K sh
42Managed Portfolio Ser
LEUTH CORE ETF
$1.9M47.2K
0.4%
−2.0%
Reduced · −967 sh
43Wisdomtree TR
US QTLY DIV GRT
$1.8M18.5K
0.4%
−0.8%
Reduced · −154 sh
44Taiwan Semiconductor Manufac
SPONSORED ADS
$1.7M3.6K
0.4%
+11%
Added · +343 sh
45State STR SPDR S&P 500 ETF T
TR UNIT
$1.6M2.1K
0.4%
+27%
Added · +457 sh
46Arista Networks Inc
COM SHS
$1.5M9.1K
0.4%
+18%
Added · +1K sh
47Visa Inc
COM CL A
$1.5M4.4K
0.4%
+2.0%
Added · +88 sh
48Ishares TR
MSCI USA QLT FCT
$1.4M6.3K
0.3%
−3.2%
Reduced · −210 sh
49Ishares TR
LATN AMER 40 ETF
$1.4M40.5K
0.3%
−83%
Reduced · −200K sh
50Wheaton Precious Metals Corp
COM
$1.3M11.7K
0.3%
+209%
Added · +8K sh
Showing 50 of 126 positions
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Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Call notional (bullish)$994K
TypeUnderlyingNotional valueUnderlying shares
CALL · bullishVANECK URANI & NUCLR ETF-USDNLR$464K4K
CALL · bullishGLOBAL X URANIUM ETFURA$219K5K
CALL · bullishOKLO INCOKLO$209K4K
CALL · bullishCAMECO CORPCCJ$102K1K

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the non-option book, weighting, concentration and sector figures above.

Filing history

As-of date vs the date the SEC received each filing

$423.4M · Q2 2026Q3 2020 · $108.0MQ2 2026 · $423.4M

Reported 13F total per quarter. Raw filing totals can include option notional.

QuarterAs ofFiledLagPositionsValueForm
Q2 2026Jun 30, 2026Jul 16, 202616d130$423.4M13F-HR
Q1 2026Mar 31, 2026May 15, 202645d122$354.3M13F-HR
Q4 2025Dec 31, 2025Feb 11, 202642d139$418.0M13F-HR
Q3 2025Sep 30, 2025Oct 22, 202522d133$408.0M13F-HR
Q2 2025Jun 30, 2025Aug 7, 202538d127$372.2M13F-HR
Q1 2025Mar 31, 2025May 7, 202537d126$344.3M13F-HR
Q4 2024Dec 31, 2024Feb 4, 202535d131$309.8M13F-HR
Q3 2024Sep 30, 2024Nov 13, 202444d130$330.2M13F-HR
Q2 2024Jun 30, 2024Jul 24, 202424d120$315.4M13F-HR
Q1 2024Mar 31, 2024Apr 17, 202417d99$244.1M13F-HR
Q4 2023Dec 31, 2023Jan 12, 202412d93$238.2M13F-HR
Q3 2023Sep 30, 2023Dec 6, 202367d69$196.0M13F-HR
Q2 2023Jun 30, 2023Jul 27, 202327d54$213.6M13F-HR
Q1 2023Mar 31, 2023May 15, 202345d52$195.0M13F-HR
Q4 2022Dec 31, 2022Jan 30, 202330d54$198.6M13F-HR
Q3 2022Sep 30, 2022Oct 19, 202219d60$208.8M13F-HR
Q2 2022Jun 30, 2022Jul 26, 202226d60$244.4M13F-HR
Q1 2022Mar 31, 2022May 10, 202240d71$260.5M13F-HR
Q4 2021Dec 31, 2021Feb 7, 202238d60$226.9M13F-HR
Q3 2021Sep 30, 2021Nov 15, 202146d43$178.3M13F-HR
Q2 2021Jun 30, 2021Jul 19, 202119d34$118.6M13F-HR
Q1 2021Mar 31, 2021Apr 15, 202115d21$107.4M13F-HR
Q4 2020Dec 31, 2020Jan 22, 202122d24$105.8M13F-HR
Q3 2020Sep 30, 2020Oct 13, 202013d25$108.0M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.