AVALON CAPITAL MANAGEMENT — 13F Holdings & Portfolio
CIK 1510809 · latest 13F-HR filed 2026-07-16
AVALON CAPITAL MANAGEMENT manages $423.4M in 13F-reported U.S. long-equity assets across 130 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are GOOGL (12.74%), SMH (7.43%), GDX (5.90%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 17 new positions, exited 12, added to 58, and trimmed 25.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
SUITE 106
PORT OF REDWOOD CITY, CA 94063-2785
$423.4M
Long-equity book
130
Distinct positions
2026-06-30
Filed 2026-07-16
+17 / −12 / ↑58 / ↓25
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- ALPHABET INC$14.7M +37.6%
- VANECK ETF TRUST$13.6M +75.7%
- ELI LILLY & CO$9.4M +134.7%
- SPDR GOLD TR$7.2M +44.5%
- CISCO SYS INC$6.1M +51.4%
Top Trims
- INVESCO ACTVELY MNGD ETC FD-$9.2M -53.3%
- CHEVRON CORPORATION-$7.3M -69.1%
- ISHARES TR-$7.2M -84.0%
- SPINNAKER ETF SERIES-$2.1M -91.0%
- ISHARES GOLD TR-$2.1M -51.9%
New Positions
- SCHWAB STRATEGIC TR$12.4M
- SELECT SECTOR SPDR TR$3.0M
- SPDR SERIES TRUST$2.9M
- ISHARES TR$2.6M
- ARM HOLDINGS PLC$424.8K
Exited Positions
- AMGEN INC$4.3M
- VANECK ETF TRUST$3.6M
- FEDEX CORP$3.1M
- GLOBAL X FDS$880.5K
- GOLDMAN SACHS ETF TR$604.2K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ALPHABET INC | GOOGL | 02079K305 | $53.9M | 12.74% | 150,922 | SH |
| 2 | VANECK ETF TRUST | SMH | 92189F676 | $31.5M | 7.43% | 47,957 | SH |
| 3 | VANECK ETF TRUST | GDX | 92189F106 | $25.0M | 5.90% | 331,077 | SH |
| 4 | SPDR GOLD TR | GLD | 78463V107 | $23.3M | 5.50% | 63,245 | SH |
| 5 | ALPHABET INC | GOOG | 02079K107 | $22.7M | 5.35% | 64,136 | SH |
| 6 | CISCO SYS INC | CSCO | 17275R102 | $18.0M | 4.25% | 153,311 | SH |
| 7 | ELI LILLY & CO | LLY | 532457108 | $16.4M | 3.87% | 13,646 | SH |
| 8 | AMAZON COM INC | AMZN | 023135106 | $15.4M | 3.63% | 64,566 | SH |
| 9 | ISHARES INC | IEMG | 46434G103 | $14.7M | 3.46% | 176,895 | SH |
| 10 | APPLE INC | AAPL | 037833100 | $13.4M | 3.16% | 46,166 | SH |
| 11 | SCHWAB STRATEGIC TR | SCHA | 808524607 | $12.4M | 2.93% | 343,708 | SH |
| 12 | VANECK FDS | EMBX | 92107P772 | $10.9M | 2.58% | 212,985 | SH |
| 13 | GLOBAL X FDS | URA | 37954Y871 | $8.5M | 2.00% | 193,935 | SH |
| 14 | INVESCO ACTVELY MNGD ETC FD | PDBC | 46090F100 | $8.0M | 1.89% | 505,048 | SH |
| 15 | VANECK ETF TRUST | REMX | 92189H805 | $8.0M | 1.89% | 90,344 | SH |
| 16 | TCW ETF TRUST | PWRD | 29287L205 | $7.4M | 1.74% | 59,985 | SH |
| 17 | GLOBAL X FDS | SIL | 37954Y848 | $7.0M | 1.66% | 90,973 | SH |
| 18 | DIMENSIONAL ETF TRUST | DISV | 25434V781 | $6.0M | 1.41% | 148,758 | SH |
| 19 | ISHARES TR | EEM | 464287234 | $5.6M | 1.32% | 81,554 | SH |
| 20 | MICROSOFT CORP | MSFT | 594918104 | $5.2M | 1.22% | 13,901 | SH |
| 21 | AMPLIFY ETF TR | DIVO | 032108409 | $4.5M | 1.07% | 98,852 | SH |
| 22 | VANECK ETF TRUST | MOAT | 92189F643 | $4.1M | 0.97% | 39,572 | SH |
| 23 | VANECK ETF TRUST | RAAX | 92189F130 | $3.7M | 0.86% | 92,066 | SH |
| 24 | GLOBAL X FDS | DTCR | 37954Y236 | $3.6M | 0.86% | 120,097 | SH |
| 25 | CHEVRON CORPORATION | CVX | 166764100 | $3.3M | 0.77% | 19,791 | SH |
| 26 | VANGUARD INDEX FDS | VTV | 922908744 | $3.0M | 0.72% | 13,963 | SH |
| 27 | SELECT SECTOR SPDR TR | XLE | 81369Y506 | $3.0M | 0.71% | 56,795 | SH |
| 28 | SPDR SERIES TRUST | XBI | 78464A870 | $2.9M | 0.69% | 18,523 | SH |
| 29 | GOLDMAN SACHS ETF TR | GPIX | 38149W622 | $2.9M | 0.68% | 51,921 | SH |
| 30 | NVIDIA CORPORATION | NVDA | 67066G104 | $2.8M | 0.65% | 13,837 | SH |
| 31 | ISHARES SILVER TR | SLV | 46428Q109 | $2.7M | 0.64% | 50,646 | SH |
| 32 | ISHARES INC | SCJ | 464286582 | $2.6M | 0.61% | 24,601 | SH |
| 33 | ISHARES TR | IYW | 464287721 | $2.6M | 0.61% | 10,265 | SH |
| 34 | GE VERNOVA INC | GEV | 36828A101 | $2.5M | 0.59% | 2,113 | SH |
| 35 | ISHARES TR | SHV | 464288679 | $2.4M | 0.57% | 22,039 | SH |
| 36 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $2.3M | 0.55% | 4,632 | SH |
| 37 | SPDR SERIES TRUST | XME | 78464A755 | $2.2M | 0.53% | 20,960 | SH |
| 38 | INVESCO QQQ TR | QQQ | 46090E103 | $2.1M | 0.50% | 2,868 | SH |
| 39 | ISHARES TR | AOK | 464289883 | $2.1M | 0.50% | 50,746 | SH |
| 40 | AGNICO EAGLE MINES LTD | AEM | 008474108 | $2.0M | 0.47% | 12,730 | SH |
| 41 | ISHARES GOLD TR | IAU | 464285204 | $1.9M | 0.46% | 25,659 | SH |
| 42 | MANAGED PORTFOLIO SER | LCR | 56167R606 | $1.9M | 0.44% | 47,238 | SH |
| 43 | WISDOMTREE TR | DGRW | 97717X669 | $1.8M | 0.42% | 18,514 | SH |
| 44 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $1.7M | 0.40% | 3,580 | SH |
| 45 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $1.6M | 0.38% | 2,136 | SH |
| 46 | ARISTA NETWORKS INC | ANET | 040413205 | $1.5M | 0.37% | 9,100 | SH |
| 47 | VISA INC | V | 92826C839 | $1.5M | 0.36% | 4,425 | SH |
| 48 | ISHARES TR | QUAL | 46432F339 | $1.4M | 0.33% | 6,316 | SH |
| 49 | ISHARES TR | ILF | 464287390 | $1.4M | 0.32% | 40,535 | SH |
| 50 | WHEATON PRECIOUS METALS CORP | WPM | 962879102 | $1.3M | 0.31% | 11,728 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-16 | $423.4M | 130 | 0001172661-26-002649 |
| 2026-03-31 | 2026-05-15 | $354.3M | 122 | 0001172661-26-002005 |
| 2025-12-31 | 2026-02-11 | $418.0M | 139 | 0001172661-26-000599 |
| 2025-09-30 | 2025-10-22 | $408.0M | 133 | 0001172661-25-004386 |