AVALON CAPITAL MANAGEMENT
SEC Form 13F institutional filer · CIK 0001510809
13F-HR · 59 reported holdings · 2026-03-31
Reported long-US-equity value
$0.20B
Top-10 concentration
76.6%
AVALON CAPITAL MANAGEMENT — $195M AUM allocation strategy
AVALON CAPITAL MANAGEMENT files SEC Form 13F and reports $195M of long US equity value across 59 reported holdings for 2026-03-31.
Its largest sector bet is Communication Services 29.4%, followed by Financials 18.1% and Information Technology 16.0%.
The top 10 holdings account for 77% 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.
AVALON CAPITAL MANAGEMENT — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$195M
total across 59 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
77% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$IVZ +935K sh · +$13.1M+$IVV +77.8K sh · +$4.34M+$CVX +49.8K sh · +$10.4M
Biggest trims (shares)
−$XLU −184K sh · −$7.82M−$GS −99.5K sh · −$6.02M−$BLK −81.5K sh · −$1.15M
Exited to nil (held last quarter, gone now)
$BX ($820K last qtr)$QQQM ($420K last qtr)$HWM ($350K last qtr)$AXP ($326K last qtr)$PEP ($303K last qtr)
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)
- Interactive Media & Services29.4%—
- Asset Management & Custody Banks13.3%—
- Communications Equipment6.1%—
- Technology Hardware, Storage & Peripherals6.0%—
- Broadline Retail5.6%—
- Integrated Oil & Gas5.5%—
- Pharmaceuticals3.5%—
- Investment Banking & Brokerage3.0%—
- Other holdings27.6%—
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
9 of 9 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $GOOG | Alphabet Inc. Class C Capital Stock | 136K | $39.2M | -2.33K | 20.1% |
| $GOOGL | Alphabet Inc | 63.6K | $18.3M | -9.64K | 9.4% |
| $IVZ | Invesco Ltd | 992K | $17.2M | +935K | 8.8% |
| $CSCO | Cisco Systems Inc | 153K | $11.9M | -7.48K | 6.1% |
| $AAPL | Apple Inc | 46.2K | $11.7M | -8.21K | 6.0% |
| $AMZN | Amazon.com Inc | 52.3K | $10.9M | -3.77K | 5.6% |
| $CVX | Chevron Corporation | 51.2K | $10.6M | +49.8K | 5.4% |
| $BLK | BlackRock Inc | 244K | $8.78M | -81.5K | 4.5% |
| $LLY | Eli Lilly and Company | 7.58K | $6.97M | -6.64K | 3.6% |
…and 50 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
← All 13F filers·← QuantOrb.pro
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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