L2 Asset Management, LLC
SEC Form 13F institutional filer · CIK 0001686988
13F-HR · 272 reported holdings · 2026-03-31
Reported long-US-equity value
$0.64B
Top-10 concentration
39.5%
L2 Asset Management, LLC — $642M AUM allocation strategy
L2 Asset Management, LLC files SEC Form 13F and reports $642M of long US equity value across 272 reported holdings for 2026-03-31.
Its largest sector bet is Financials 21.1%, followed by Information Technology 13.3% and Communication Services 4.5%.
The top 10 holdings account for 39% of reported value — a broadly spread portfolio. 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.
L2 Asset Management, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$642M
total across 272 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
39% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$SCHW +2.57M sh · +$65.7M+$SPY +336K sh · +$13.5M+$HAL +61.9K sh · +$4.08M
Biggest trims (shares)
−$GEN −72.5K sh · −$2.09M−$EBAY −49.2K sh · −$4.25M−$WFC −22.1K sh · −$2.29M
Exited to nil (held last quarter, gone now)
$OMC ($2.54M last qtr)$AMZN ($337K last qtr)$GDDY ($280K last qtr)$DRI ($275K last qtr)$WDAY ($232K 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)
- Investment Banking & Brokerage19.4%—
- Technology Hardware, Storage & Peripherals4.9%—
- Semiconductors3.4%—
- Interactive Media & Services3.2%—
- Biotechnology3.0%—
- Hotels, Resorts & Cruise Lines2.9%—
- Systems Software2.4%—
- Fertilizers & Agricultural Chemicals2.3%—
- Other holdings58.5%—
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
9 of 9 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $SCHW | Charles Schwab Corporation | 4.71M | $125M | +2.57M | 19.4% |
| $NVDA | NVIDIA Corporation | 127K | $22.1M | +8.78K | 3.4% |
| $AAPL | Apple Inc | 86.6K | $22M | +8.72K | 3.4% |
| $MSFT | Microsoft Corporation | 41K | $15.2M | +2.87K | 2.4% |
| $CF | CF Industries Holdings Inc | 112K | $14.6M | +20.1K | 2.3% |
| $BRK.B | Berkshire Hathaway Inc.-Class B | 22.2K | $10.6M | -3.26K | 1.7% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 36.7K | $10.5M | +2.81K | 1.6% |
| $AMGN | Amgen Inc | 27.7K | $9.76M | +13.8K | 1.5% |
| $META | Meta Platforms Inc | 17K | $9.74M | -260 | 1.5% |
…and 263 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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