AVALON CAPITAL MANAGEMENT

Q4 2025 13F-HR Holdings

Location
Port Of Redwood City, CA
Holdings as of
12/31/2025
Date filed
2/11/2026
Form type
13F-HR
Num holdings
139
Total value ($000)
$418,009
Net value change ($000)
+9,989 (2.4%)
New positions
19
Sold out positions
13
Turnover %
15.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/22/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
LLY 11,303 283.9%
EMBX 9,637 NEW
AMGN 9,462 NEW
FXF 7,629 442.8%
GOOGL 7,606 21.2%
EWG 5,606 NEW
GOOGL 4,908 27.1%
SMH 4,542 33.7%
EEM 4,462 NEW
INDA 4,096 1735.6%
Top Reduces (Value $000, Stocks/ETFs)
BWZ -22,050 -94.0%
IGV -9,828 -100.0%
FDN -7,563 -100.0%
BRK-B -6,635 -70.1%
IEF -6,321 -70.1%
GRW -4,564 -95.6%
HODL -3,529 -43.8%
SHV -3,095 -78.5%
KROP -2,670 -64.2%
AOK -2,071 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type