Act Two Investors LLC

Q4 2025 13F-HR Holdings

Location
Santa Cruz, CA
Holdings as of
12/31/2025
Date filed
2/10/2026
Form type
13F-HR
Num holdings
38
Total value ($000)
$555,939
Net value change ($000)
-8,256 (-1.5%)
New positions
1
Sold out positions
2
Turnover %
11.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 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)
DIS 19,268 NEW
GOOGL 16,918 26.9%
NFLX 6,354 1891.1%
IQV 4,786 14.8%
AZN 4,408 15.8%
CNI 4,314 42.5%
LLY 2,623 40.7%
ADBE 1,773 11.6%
AMZN 698 1.7%
TMO 634 19.5%
Top Reduces (Value $000, Stocks/ETFs)
ARE -22,943 -100.0%
FISV -20,121 -100.0%
MSFT -7,033 -9.1%
TMUS -5,267 -14.2%
SLM -4,842 -82.7%
NXPI -2,979 -74.5%
SCHO -2,584 -27.0%
ES -1,260 -4.2%
SYK -1,006 -19.2%
BRK-B -783 -32.5%
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