Act Two Investors LLC

Q3 2025 13F-HR Holdings

Location
Santa Cruz, CA
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
39
Total value ($000)
$564,195
Net value change ($000)
+74,309 (15.2%)
New positions
4
Sold out positions
2
Turnover %
11.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 2/10/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
ARE 22,943 NEW
GOOGL 15,862 33.8%
ADBE 15,236 NEW
CNI 6,721 195.7%
LLY 6,447 NEW
VGLT 5,832 NEW
IQV 5,823 22.0%
AAPL 4,437 24.7%
SLM 3,261 125.6%
NVDA 2,983 17.6%
Top Reduces (Value $000, Stocks/ETFs)
AMGN -12,905 -100.0%
NXPI -5,836 -59.3%
FISV -4,392 -17.9%
V -1,648 -4.4%
SYK -536 -9.3%
WTW -315 -100.0%
AMZN -198 -0.5%
CP -128 -4.7%
IEF -105 -0.5%
SCHO -73 -0.8%
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