CONTINENTAL ADVISORS LLC
SEC Form 13F institutional filer · CIK 0001277779
13F-HR · 23 reported holdings · 2026-03-31
Reported long-US-equity value
$0.10B
Top-10 concentration
64.8%
CONTINENTAL ADVISORS LLC — $101M AUM allocation strategy
CONTINENTAL ADVISORS LLC files SEC Form 13F and reports $101M of long US equity value across 23 reported holdings for 2026-03-31.
Its largest sector bet is Financials 42.0%, followed by Health Care 34.0% and Industrials 5.6%.
The top 10 holdings account for 65% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
CONTINENTAL ADVISORS LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$101M
total across 23 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
65% of value
higher = narrower conviction; lower = spread / hedging
Biggest trims (shares)
−$XLE −35K sh · −$936K−$TFC −21.5K sh · −$1.51M−$VTRS −18.8K sh · +$708K
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Pharmaceuticals26.8%—
- Diversified Banks19.9%—
- Consumer Finance6.1%—
- Passenger Ground Transportation5.6%—
- Asset Management & Custody Banks5.4%—
- Packaged Foods & Meats5.0%—
- Regional Banks4.5%—
- Casinos & Gaming4.3%—
- Other holdings22.5%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $VTRS | Viatris Inc | 889K | $12M | -18.8K | 11.9% |
| $PFE | Pfizer Inc | 386K | $10.9M | -14.5K | 10.7% |
| $TFC | Truist Financial Corporation | 140K | $6.42M | -21.5K | 6.3% |
| $COF | Capital One Financial Corporation | 33.4K | $6.09M | +2.1K | 6.0% |
| $UBER | Uber Technologies Inc | 78.5K | $5.65M | +0 | 5.6% |
| $C | Citigroup Inc | 48.4K | $5.49M | -5.5K | 5.4% |
| $WFC | Wells Fargo & Company | 63.6K | $5.06M | -2.5K | 5.0% |
| $KHC | The Kraft Heinz Company | 225K | $5.05M | — | 5.0% |
| $RF | Regions Financial Corporation | 175K | $4.57M | -2K | 4.5% |
| $LVS | Las Vegas Sands Corp | 81.8K | $4.41M | +0 | 4.4% |
…and 13 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
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How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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