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 and exited 12; 58 existing positions rose in reported value and 25 fell.
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.
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AUM
$423.4M
Long-equity book
Holdings
130
Distinct positions
Period
2026-06-30
Filed 2026-07-16
Q/Q Activity
+17 / −12 / ↑58 / ↓25
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26GOOGL12.8% · +11%SMH7.4% · +3%GDX5.9% · +31%GLD5.5% · +69%GOOG5.4% · +1%CSCO4.3% · 0%LLY3.9% · +80%AMZN3.6% · +24%IEMG3.5% · +2%AAPL3.2% · 0%SCHA2.9% · newEMBX2.6% · +30%URA2.0% · +1%PDBC1.9% · -49%REMX1.9% · +5%PWRD1.7% · +9%SIL1.7% · +713%DISV1.4% · +0%EEM1.3% · 0%MSFT1.2% · -0%DIVO1.1% · +1%MOAT1.0% · 0%RAAX0.9% · +2%DTCR0.9% · +0%CVX0.8% · -61%VTV0.7% · +5%XLE0.7% · newXBI0.7% · newGPIX0.7% · 0%NVDA0.7% · -2%SLV0.6% · -1%SCJ0.6% · +19%IYW0.6% · newGEV0.6% · -16%SHV0.6% · +199%BRK.B0.5% · -0%XME0.5% · -0%QQQ0.5% · +20%AOK0.5% · -1%AEM0.5% · 0%IAU0.5% · -44%LCR0.4% · -2%DGRW0.4% · -1%TSM0.4% · +11%SPY0.4% · +27%ANET0.4% · +18%V0.4% · +2%QUAL0.3% · -3%ILF0.3% · -83%WPM0.3% · +209%GSST0.3% · +3%EMB0.3% · -13%LRCX0.3% · +60%COST0.3% · 0%ET0.3% · 0%XAR0.2% · 0%SCHD0.2% · 0%ORCL0.2% · -2%ULTA0.2% · +22%HEI0.2% · +6%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 55.4%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Aug 2, 2023.
Assets Under Management
$7.30B
Discretionary
$7.02B
Employees
55
Accounts
2,101
Address
2929 ALLEN PARKWAY
SUITE 3000
HOUSTON, TX 77019-7124
SUITE 3000
HOUSTON, TX 77019-7124
Phone
(713) 238-2050
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| CORIENT PRIVATE WEALTH LLC Control | OWNER since May 2023 | 75% or more | Domestic Entity |
| NAKAMURA, LARRY, TRISTON Control | CHIEF COMPLIANCE OFFICER since May 2023 | Less than 5% | Individual |
| ROUPE, THOMAS, ALLEN Control | CHIEF EXECUTIVE OFFICER since Jan 2020 | Less than 5% | Individual |
| CI FINANCIAL CORP. Control Indirect owner via CORIENT HOLDINGS INC | OWNER since Nov 2019 | 75% or more | Domestic Entity |
| CORIENT HOLDINGS INC Control Indirect owner via CORIENT PARTNERS LLC | OWNER since Feb 2023 | 75% or more | Domestic Entity |
| CORIENT PARTNERS LLC Control Indirect owner via CORIENT PRIVATE WEALTH LLC | OWNER since Jan 2022 | 75% or more | Domestic Entity |
Ownership & leadership changes · 28 filings with changes since Dec 16, 2011
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Aug 2, 2023 filing
- No longer listedCI FINANCIAL CORP. · OWNER · 75% or more · indirect via CI US HOLDINGS, INC. · control person · listed since Nov 2019
- No longer listedCI PRIVATE WEALTH, LLC · OWNER · 75% or more · control person · listed since May 2023
- No longer listedCI US HOLDINGS, INC. · OWNER · 75% or more · indirect via CIPW HOLDINGS, LLC · control person · listed since Feb 2023
- No longer listedCIPW HOLDINGS, LLC · OWNER · 75% or more · indirect via CI PRIVATE WEALTH, LLC · control person · listed since Jan 2022
- AddedCI FINANCIAL CORP. · OWNER · 75% or more · indirect via CORIENT HOLDINGS INC · control person
- AddedCORIENT HOLDINGS INC · OWNER · 75% or more · indirect via CORIENT PARTNERS LLC · control person
- AddedCORIENT PARTNERS LLC · OWNER · 75% or more · indirect via CORIENT PRIVATE WEALTH LLC · control person
- AddedCORIENT PRIVATE WEALTH LLC · OWNER · 75% or more · control person
Jun 14, 2023 filing
- No longer listedCIP GP LLC · GENERAL PARTNER · 75% or more · indirect via PINTO GP LIMITED · control person · listed since Sep 2002
- No longer listedCOCKRELL INVESTMENT PARTNERS LP · MEMBER · 75% or more · indirect via CIP GP LLC · control person · listed since Jul 2002
- No longer listedCYNOSURE AVALON HOLDINGS, LLC · MEMBER · 10–25% · listed since Apr 2021
- No longer listedGARDNER, WILLIAM, WHITFIELD · MEMBER · Less than 5% · control person · listed since Oct 2020
- No longer listedGEORGE S. AND DOLORES DOR� ECCLES FOUNDATION · MEMBER · 75% or more · indirect via CYNOSURE AVALON HOLDINGS II, LLC · control person · listed since Jul 2015
- No longer listedGORDY OIL COMPANY · GENERAL PARTNER · General partner, trustee or manager · indirect via MINION TRAIL, LTD · control person · listed since Jan 2005
- No longer listedGordy, Russell, Douglas · LIMITED PARTNER · 50–75% · indirect via MINION TRAIL, LTD · control person · listed since Jan 2005
- No longer listedHUFF, CRAIG, ALLEN · MEMBER · Less than 5% · control person · listed since Oct 2020
- No longer listedHalaska, Christopher, M · CHIEF INVESTMENT OFFICER · Less than 5% · control person · listed since Sep 2020
- No longer listedHatcher, Robert, Kean · EXECUTIVE CHAIRMAN/MEMBER · Less than 5% · control person · listed since Oct 2020
- No longer listedIbrahim, Christina, Marie · CHIEF OPERATING OFFICER / CHIEF COMPLIANCE OFFICER / CHIEF LEGAL OFFICER · Less than 5% · control person · listed since Aug 2021
- No longer listedLANGSTON, WILLIE, THURMAN · VICE CHAIRMAN, MEMBER, ELECTED MANAGER · 5–10% · control person · listed since Jan 2020
- No longer listedLARTIGUE, HENRY, JAMES · EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER · 5–10% · control person · listed since Jan 2019
- No longer listedLILLY, KEVIN, JOHN · EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER · 5–10% · control person · listed since Mar 2008
- No longer listedLynch, Stephanie · ELECTED MANAGER · Less than 5% · control person · listed since Jan 2021
- No longer listedMINION TRAIL, LTD. · MEMBER · 5–10% · listed since Dec 2016
- No longer listedPINTO GP LIMITED · GENERAL PARTNER · 75% or more · indirect via PINTO INVESTMENT PARTNERS LP · control person · listed since Feb 2003
- No longer listedPINTO INVESTMENT PARTNERS LP · MEMBER · 5–10% · listed since Dec 2016
- No longer listedScruggs, Herbert, Eugene · MEMBER · Less than 5% · control person · listed since Jul 2020
- No longer listedTEXAS PRODUCTION COMPANY · GENERAL PARTNER · 75% or more · indirect via COCKRELL INVESTMENT PARTNERS LP · control person · listed since Jan 1997
- AddedCI FINANCIAL CORP. · OWNER · 75% or more · indirect via CI US HOLDINGS, INC. · control person
- AddedCI PRIVATE WEALTH, LLC · OWNER · 75% or more · control person
- AddedCI US HOLDINGS, INC. · OWNER · 75% or more · indirect via CIPW HOLDINGS, LLC · control person
- AddedCIPW HOLDINGS, LLC · OWNER · 75% or more · indirect via CI PRIVATE WEALTH, LLC · control person
- AddedNAKAMURA, LARRY, TRISTON · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- and 1 more
Sep 6, 2022 filing
- No longer listedCYNOSURE AVALON HOLDINGS I, LLC · MEMBER · Less than 5% · listed since Sep 2015
- No longer listedCYNOSURE AVALON HOLDINGS II · MEMBER · 10–25% · listed since Sep 2015
- No longer listedDenkers, Stephen, Eccles · MEMBER · General partner, trustee or manager · indirect via CYNOSURE AVALON HOLDINGS II, LLC · control person · listed since Jul 2015
- No longer listedECCLES, CLISTA, HOPE · MEMBER · General partner, trustee or manager · indirect via CYNOSURE AVALON HOLDINGS I, LLC · control person · listed since Jun 2015
- No longer listedEccles, Lisa, Ellen · DIRECTOR · General partner, trustee or manager · indirect via GEORGE S. AND DOLORES DOR� ECCLES FOUNDATION · control person · listed since Jan 2000
- No longer listedEccles, Spencer, Fox · MEMBER · General partner, trustee or manager · indirect via CYNOSURE AVALON HOLDINGS II, LLC · control person · listed since Jul 2015
- No longer listedEccles, Spencer, Fox · DIRECTOR · General partner, trustee or manager · indirect via GEORGE S. AND DOLORES DOR� ECCLES FOUNDATION · control person · listed since Jan 1981
- No longer listedGraham, Robert, Maurice · DIRECTOR · General partner, trustee or manager · indirect via GEORGE S. AND DOLORES DOR� ECCLES FOUNDATION · control person · listed since Jan 2000
- No longer listedHayward, Christina, Hope · MEMBER · General partner, trustee or manager · indirect via CYNOSURE AVALON HOLDINGS II, LLC · control person · listed since Jul 2015
- No longer listedHogan, Wyatt, LeClercq · CHIEF LEGAL OFFICER, MEMBER · Less than 5% · control person · listed since Feb 2018
- AddedCYNOSURE AVALON HOLDINGS, LLC · MEMBER · 10–25%
- ChangedIbrahim, Christina, Marie · title CHIEF OPERATING OFFICER → CHIEF OPERATING OFFICER / CHIEF COMPLIANCE OFFICER / CHIEF LEGAL OFFICER
- ChangedLILLY, KEVIN, JOHN · title EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER, CHIEF COMPLIANCE OFFICER → EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER
Nov 15, 2021 filing
- No longer listedKURIA, KATHY, J. · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Apr 2020
- ChangedLILLY, KEVIN, JOHN · title EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER → EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER, CHIEF COMPLIANCE OFFICER
Aug 30, 2021 filing
- AddedIbrahim, Christina, Marie · CHIEF OPERATING OFFICER · Less than 5% · control person
Mar 31, 2021 filing
- AddedLynch, Stephanie · ELECTED MANAGER · Less than 5% · control person
Nov 29, 2020 filing
- No longer listedECCLES, SPENCER, PETERSON · ELECTED MANAGER · Less than 5% · control person · listed since Dec 2016
- No longer listedTAYLOR, RICHARD, KEITH · ELECTED MANAGER · Less than 5% · control person · listed since Dec 2016
- AddedGARDNER, WILLIAM, WHITFIELD · MEMBER · Less than 5% · control person
- AddedHUFF, CRAIG, ALLEN · MEMBER · Less than 5% · control person
- AddedScruggs, Herbert, Eugene · MEMBER · Less than 5% · control person
- ChangedHatcher, Robert, Kean · title EXECUTIVE CHAIRMAN → EXECUTIVE CHAIRMAN/MEMBER
- ChangedROUPE, THOMAS, ALLEN · title CHIEF EXECUTIVE OFFICER → CHIEF EXECUTIVE OFFICER/MEMBER
Sep 13, 2020 filing
- AddedHalaska, Christopher, M · CHIEF INVESTMENT OFFICER · Less than 5% · control person
Apr 10, 2020 filing
- No longer listedBONNER, GARY, THOMAS · CHIEF OPERATING OFFICER, MEMBER · Less than 5% · control person · listed since Jun 2007
- No longer listedLEBERT, PEGGY, ELAINE · CHIEF COMPLIANCE OFFICER, MEMBER · Less than 5% · control person · listed since Feb 2017
- No longer listedROBISON, ALEXANDER, CHASE · PRESIDENT, MEMBER, ELECTED MANAGER · Less than 5% · control person · listed since Jan 2020
- No longer listedSTONE, EUGENE, WILLIAM · CHIEF INVESTMENT OFFICER, MEMBER · Less than 5% · control person · listed since Jan 2019
- AddedKURIA, KATHY, J. · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Feb 21, 2020 filing
- No longer listedGAUNTT, ROBERT, PAUL · MEMBER, ELECTED MANAGER · Less than 5% · control person · listed since Mar 2008
- No longer listedJESULAITIS, DAVID, JOHN · EXECUTIVE OFFICER, MEMBER · Less than 5% · control person · listed since Feb 2017
- AddedROUPE, THOMAS, ALLEN · CHIEF EXECUTIVE OFFICER · Less than 5% · control person
- Listed againHatcher, Robert, Kean · EXECUTIVE CHAIRMAN · Less than 5% · control person
- ChangedLANGSTON, WILLIE, THURMAN · title EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN) → VICE CHAIRMAN, MEMBER, ELECTED MANAGER
- ChangedROBISON, ALEXANDER, CHASE · title PRESIDENT & CEO, MEMBER, ELECTED MANAGER → PRESIDENT, MEMBER, ELECTED MANAGER
Older changes (19 more filings)
Jan 23, 2020 filing
- No longer listedHatcher, Robert, Kean · ELECTED MANAGER · Less than 5% · control person · listed since Dec 2016
Jul 16, 2019 filing
- ChangedGAUNTT, ROBERT, PAUL · ownership 5–10% → Less than 5%
Mar 31, 2019 filing
- ChangedGAUNTT, ROBERT, PAUL · title EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER → MEMBER, ELECTED MANAGER
Jan 22, 2019 filing
- No longer listedBRAZELTON, FREDERICK, WALTER · ELECTED MANAGER, MEMBER · General partner, trustee or manager · indirect via PLATFORM PARTNERS LLC · control person · listed since Mar 2008
- No longer listedLUMMIS, FREDERICK, RICE · ELECTED MANAGER · Less than 5% · control person · listed since Mar 2008
- No longer listedLUMMIS, FREDERICK, RICE · ELECTED MANAGER, MEMBER · General partner, trustee or manager · indirect via PLATFORM PARTNERS LLC · control person · listed since Mar 2008
- No longer listedPLATFORM PARTNERS, LLC · MEMBER · 5–10% · listed since Mar 2008
- ChangedLARTIGUE, HENRY, JAMES · title CO-CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER → EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER
- ChangedSTONE, EUGENE, WILLIAM · title CO-CHIEF INVESTMENT OFFICER, MEMBER → CHIEF INVESTMENT OFFICER, MEMBER
Dec 21, 2018 filing
- AddedSTONE, EUGENE, WILLIAM · CO-CHIEF INVESTMENT OFFICER, MEMBER · Less than 5% · control person
- ChangedHogan, Wyatt, LeClercq · title CHIEF LEGAL OFFICER → CHIEF LEGAL OFFICER, MEMBER
- ChangedLARTIGUE, HENRY, JAMES · title CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER → CO-CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER
Mar 31, 2018 filing
- AddedHogan, Wyatt, LeClercq · CHIEF LEGAL OFFICER · Less than 5% · control person
- ChangedCYNOSURE AVALON HOLDINGS I, LLC · ownership 5–10% → Less than 5%
Mar 26, 2017 filing
- Listed againJESULAITIS, DAVID, JOHN · EXECUTIVE OFFICER, MEMBER · Less than 5% · control person
- ChangedGAUNTT, ROBERT, PAUL · title MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER → EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER
- ChangedLANGSTON, WILLIE, THURMAN · title MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER (CHAIRMAN) → EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER (CHAIRMAN)
- ChangedLARTIGUE, HENRY, JAMES · title MEMBER, CEO & CIO, ELECTED MANAGER → CHIEF INVESTMENT OFFICER, MEMBER, ELECTED MANAGER
- ChangedLEBERT, PEGGY, ELAINE · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER, MEMBER
- ChangedLILLY, KEVIN, JOHN · title MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER → EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER
- ChangedROBISON, ALEXANDER, CHASE · title PRESIDENT & CFO → PRESIDENT & CEO, MEMBER, ELECTED MANAGER
Jan 12, 2017 filing
- AddedGORDY OIL COMPANY · GENERAL PARTNER · General partner, trustee or manager · indirect via MINION TRAIL, LTD · control person
- AddedGordy, Russell, Douglas · LIMITED PARTNER · 50–75% · indirect via MINION TRAIL, LTD · control person
Dec 26, 2016 filing
- No longer listedBRAITHWAITE, ANDREW, ROBERT · ELECTED MANAGER · Less than 5% · control person · listed since Apr 2016
- No longer listedCARLYLE FINANCIAL SERVICES - A, LTD · GENERAL PARTNER · General partner, trustee or manager · indirect via TCG FINANCIAL SERVICES - A, L.P. · control person · listed since Sep 2011
- No longer listedCARLYLE FINANCIAL SERVICES AIV VI HOLDINGS, L.P. · MEMBER · 25–50% · indirect via CARLYLE FINANCIAL SERVICES AIV VI, L.P. · control person · listed since Sep 2011
- No longer listedCARLYLE FINANCIAL SERVICES AIV VI, L.P. · MEMBER · 75% or more · indirect via CARLYLE FINANCIAL SERVICES AVALON, L.P. · control person · listed since Sep 2011
- No longer listedCARLYLE FINANCIAL SERVICES AVALON, L.P. · MEMBER · 10–25% · control person · listed since Sep 2011
- No longer listedCARLYLE FINANCIAL SERVICES HOLDINGS, LTD. · GENERAL PARTNER · General partner, trustee or manager · indirect via TCG FINANCIAL SERVICES INVESTMENT HOLDINGS, L.P. · control person · listed since Sep 2011
- No longer listedCARLYLE GROUP MANAGEMENT L.L.C. · GENERAL PARTNER · General partner, trustee or manager · indirect via THE CARLYLE GROUP L.P. · control person · listed since Jul 2011
- No longer listedCARLYLE HOLDINGS I GP INC. · MEMBER · 75% or more · indirect via CARLYLE HOLDINGS I GP SUB L.L.C. · control person · listed since Nov 2011
- No longer listedCARLYLE HOLDINGS I GP SUB L.L.C. · GENERAL PARTNER · General partner, trustee or manager · indirect via CARLYLE HOLDINGS I L.P. · control person · listed since Nov 2011
- No longer listedCARLYLE HOLDINGS I L.P. · MEMBER · 75% or more · indirect via TC GROUP, L.L.C. · control person · listed since May 2012
- No longer listedCARLYLE OFFSHORE PARTNERS II HOLDINGS, LTD. · MEMBER · 75% or more · indirect via CARLYLE OFFSHORE PARTNERS II, LTD. · control person · listed since Sep 2011
- No longer listedCARLYLE OFFSHORE PARTNERS II, LTD. · VOTING MEMBER · 75% or more · indirect via DBD CAYMAN HOLDINGS, LTD. · control person · listed since Sep 2011
- No longer listedDBD CAYMAN HOLDINGS, LTD. · MEMBER · 75% or more · indirect via DBD CAYMAN, LTD. · control person · listed since Sep 2011
- No longer listedDBD CAYMAN, LTD. · GENERAL PARTNER · General partner, trustee or manager · indirect via TCG HOLDINGS CAYMAN II, L.P. · control person · listed since Sep 2011
- No longer listedDODDS, CHRISTOPHER, VINCENT · ELECTED MANAGER · Less than 5% · control person · listed since Sep 2011
- No longer listedJESULAITIS, DAVID, JOHN · MEMBER, EXECUTIVE OFFICER · Less than 5% · control person · listed since Mar 2008
- No longer listedPAVLIK, JAMES, ALAN · MEMBER, EXECUTIVE OFFICER · Less than 5% · control person · listed since Jan 2009
- No longer listedPHELPS, JEFFREY · MEMBER, EXECUTIVE OFFICER · Less than 5% · control person · listed since Jan 2013
- No longer listedTC GROUP SUB L.P. · MEMBER · 75% or more · indirect via CARLYLE FINANCIAL SERVICES - A, LTD · control person · listed since May 2012
- No longer listedTC GROUP, L.L.C. · GENERAL PARTNER · General partner, trustee or manager · indirect via TC GROUP SUB L.P. · control person · listed since Feb 2012
- No longer listedTCG FINANCIAL SERVICES - A, L.P. · GENERAL PARTNER · General partner, trustee or manager · indirect via CARLYLE FINANCIAL SERVICES AVALON, L.P. · control person · listed since Sep 2011
- No longer listedTCG FINANCIAL SERVICES - A, L.P. · GENERAL PARTNER · General partner, trustee or manager · indirect via CARLYLE FINANCIAL SERVICES AIV VI, L.P. · control person · listed since Sep 2011
- No longer listedTCG FINANCIAL SERVICES INVESTMENT HOLDINGS, L.P. · MEMBER · 50–75% · indirect via TCG FINANCIAL SERVICES - A, L.P. · control person · listed since Sep 2011
- No longer listedTCG FINANCIAL SERVICES- A, L.P. · GENERAL PARTNER · General partner, trustee or manager · indirect via CARLYLE FINANCIAL SERVICES AIV VI HOLDINGS, L.P. · control person · listed since Sep 2011
- No longer listedTCG HOLDINGS CAYMAN, II, L.P. · MEMBER · 75% or more · indirect via CARLYLE FINANCIAL SERVICES HOLDINGS, LTD · control person · listed since Sep 2011
- and 13 more
Oct 4, 2016 filing
- ChangedROBISON, ALEXANDER, CHASE · title CHIEF FINANCIAL OFFICER → PRESIDENT & CFO
Jul 4, 2016 filing
- No longer listedTAYLOR, RICHARD, KEITH · ELECTED MANAGER · Less than 5% · control person · listed since Oct 2015
- AddedBRAITHWAITE, ANDREW, ROBERT · ELECTED MANAGER · Less than 5% · control person
- AddedEccles, Lisa, Ellen · DIRECTOR · General partner, trustee or manager · indirect via GEORGE S. AND DOLORES DOR� ECCLES FOUNDATION · control person
- AddedGraham, Robert, Maurice · DIRECTOR · General partner, trustee or manager · indirect via GEORGE S. AND DOLORES DOR� ECCLES FOUNDATION · control person
Mar 30, 2016 filing
- No longer listedCONWAY, WILLIAM, ELIAS · NON-VOTING MEMBER · 25–50% · indirect via DBD CAYMAN HOLDINGS, LTD. · control person · listed since Sep 2011
- No longer listedD'ANIELLO, DANIEL, ANTHONY · NON-VOTING MEMBER · 25–50% · indirect via DBD CAYMAN HOLDINGS, LTD. · control person · listed since Sep 2011
- No longer listedQUARLES, RANDAL, K · ELECTED MANAGER · Less than 5% · control person · listed since Sep 2011
- No longer listedRUBENSTEIN, DAVID, MARK · NON-VOTING MEMBER · 25–50% · indirect via DBD CAYMAN HOLDINGS, LTD. · control person · listed since Sep 2011
- AddedCYNOSURE AVALON HOLDINGS I, LLC · MEMBER · 5–10%
- AddedCYNOSURE AVALON HOLDINGS II · MEMBER · 10–25%
- AddedDenkers, Stephen, Eccles · MEMBER · General partner, trustee or manager · indirect via CYNOSURE AVALON HOLDINGS II, LLC · control person
- AddedECCLES, CLISTA, HOPE · MEMBER · General partner, trustee or manager · indirect via CYNOSURE AVALON HOLDINGS I, LLC · control person
- AddedEccles, Spencer, Fox · MEMBER · General partner, trustee or manager · indirect via CYNOSURE AVALON HOLDINGS II, LLC · control person
- AddedEccles, Spencer, Fox · DIRECTOR · General partner, trustee or manager · indirect via GEORGE S. AND DOLORES DOR� ECCLES FOUNDATION · control person
- AddedGEORGE S. AND DOLORES DOR� ECCLES FOUNDATION · MEMBER · 75% or more · indirect via CYNOSURE AVALON HOLDINGS II, LLC · control person
- AddedHayward, Christina, Hope · MEMBER · General partner, trustee or manager · indirect via CYNOSURE AVALON HOLDINGS II, LLC · control person
- AddedTAYLOR, RICHARD, KEITH · ELECTED MANAGER · Less than 5% · control person
- ChangedCARLYLE FINANCIAL SERVICES AVALON, L.P. · ownership 25–50% → 10–25%
May 30, 2015 filing
- ChangedROBISON, ALEXANDER, CHASE · title DIRECTOR OF FINANCE → CHIEF FINANCIAL OFFICER
Feb 15, 2014 filing
- AddedROBISON, ALEXANDER, CHASE · DIRECTOR OF FINANCE · Less than 5% · control person
- ChangedLANGSTON, WILLIE, THURMAN · title CHIEF EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER → MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER
- ChangedLARTIGUE, HENRY, JAMES · title MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER → MANAGING PARTNER, MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER
Jun 13, 2013 filing
- AddedPHELPS, JEFFREY · MEMBER, EXECUTIVE OFFICER · Less than 5% · control person
Jun 13, 2012 filing
- Listed againCARLYLE FINANCIAL SERVICES HOLDINGS, LTD. · GENERAL PARTNER · General partner, trustee or manager · indirect via TCG FINANCIAL SERVICES INVESTMENT HOLDINGS, L.P. · control person
May 29, 2012 filing
- No longer listedAVAQUANT, LLC · MEMBER · Less than 5% · listed since Mar 2008
- No longer listedBRAZELTON, FREDERICK, WALTER · ELECTED MANAGER · Less than 5% · control person · listed since Mar 2008
- No longer listedCARLYLE FINANCIAL SERVICES HOLDINGS, LTD. · GENERAL PARTNER · General partner, trustee or manager · indirect via TCG FINANCIAL SERVICES INVESTMENT HOLDINGS, L.P. · control person · listed since Sep 2011
- No longer listedTC GROUP CAYMAN INVESTMENT HOLDINGS, L.P. · MEMBER · 75% or more · indirect via CARLYLE FINANCIAL SERVICES - A, LTD · control person · listed since Sep 2011
- No longer listedTCG HOLDINGS CAYMAN II, L.P. · GENERAL PARTNER · General partner, trustee or manager · indirect via TC GROUP CAYMAN INVESTMENT HOLDINGS, L.P. · control person · listed since Sep 2011
- AddedCARLYLE GROUP MANAGEMENT L.L.C. · GENERAL PARTNER · General partner, trustee or manager · indirect via THE CARLYLE GROUP L.P. · control person
- AddedCARLYLE HOLDINGS I GP INC. · MEMBER · 75% or more · indirect via CARLYLE HOLDINGS I GP SUB L.L.C. · control person
- AddedCARLYLE HOLDINGS I GP SUB L.L.C. · GENERAL PARTNER · General partner, trustee or manager · indirect via CARLYLE HOLDINGS I L.P. · control person
- AddedCARLYLE HOLDINGS I L.P. · MEMBER · 75% or more · indirect via TC GROUP, L.L.C. · control person
- AddedDODDS, CHRISTOPHER, VINCENT · ELECTED MANAGER · Less than 5% · control person
- AddedQUARLES, RANDAL, K · ELECTED MANAGER · Less than 5% · control person
- AddedTC GROUP SUB L.P. · MEMBER · 75% or more · indirect via CARLYLE FINANCIAL SERVICES - A, LTD · control person
- AddedTC GROUP, L.L.C. · GENERAL PARTNER · General partner, trustee or manager · indirect via TC GROUP SUB L.P. · control person
- AddedTHE CARLYLE GROUP L.P. · SHAREHOLDER · 75% or more · indirect via CARLYLE HOLDINGS I GP INC. · control person
- ChangedCARLYLE OFFSHORE PARTNERS II, LTD. · indirect via DBD CAYMAN HOLDINGS, LTD.: title MEMBER → VOTING MEMBER
- ChangedCONWAY, WILLIAM, ELIAS · indirect via DBD CAYMAN HOLDINGS, LTD.: title MEMBER → NON-VOTING MEMBER
- ChangedD'ANIELLO, DANIEL, ANTHONY · indirect via DBD CAYMAN HOLDINGS, LTD.: title MEMBER → NON-VOTING MEMBER
- ChangedRUBENSTEIN, DAVID, MARK · indirect via DBD CAYMAN HOLDINGS, LTD.: title MEMBER → NON-VOTING MEMBER
Mar 29, 2012 filing
- No longer listedHAWKINS, RUSSELL, BRIAN · MEMBER · Less than 5% · control person · listed since Apr 2001
- AddedLEBERT, PEGGY, ELAINE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedBONNER, GARY, THOMAS · title CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER, MEMBER → CHIEF OPERATING OFFICER, MEMBER
Dec 16, 2011 filing (earliest on record)
- ListedAVAQUANT, LLC · MEMBER · Less than 5%
- ListedBONNER, GARY, THOMAS · CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER, MEMBER · Less than 5% · control person
- ListedBRAZELTON, FREDERICK, WALTER · ELECTED MANAGER, MEMBER · General partner, trustee or manager · indirect via PLATFORM PARTNERS LLC · control person
- ListedBRAZELTON, FREDERICK, WALTER · ELECTED MANAGER · Less than 5% · control person
- ListedCARLYLE FINANCIAL SERVICES - A, LTD · GENERAL PARTNER · General partner, trustee or manager · indirect via TCG FINANCIAL SERVICES - A, L.P. · control person
- ListedCARLYLE FINANCIAL SERVICES AIV VI HOLDINGS, L.P. · MEMBER · 25–50% · indirect via CARLYLE FINANCIAL SERVICES AIV VI, L.P. · control person
- ListedCARLYLE FINANCIAL SERVICES AIV VI, L.P. · MEMBER · 75% or more · indirect via CARLYLE FINANCIAL SERVICES AVALON, L.P. · control person
- ListedCARLYLE FINANCIAL SERVICES AVALON, L.P. · MEMBER · 25–50% · control person
- ListedCARLYLE FINANCIAL SERVICES HOLDINGS, LTD. · GENERAL PARTNER · General partner, trustee or manager · indirect via TCG FINANCIAL SERVICES INVESTMENT HOLDINGS, L.P. · control person
- ListedCARLYLE OFFSHORE PARTNERS II HOLDINGS, LTD. · MEMBER · 75% or more · indirect via CARLYLE OFFSHORE PARTNERS II, LTD. · control person
- ListedCARLYLE OFFSHORE PARTNERS II, LTD. · MEMBER · 75% or more · indirect via DBD CAYMAN HOLDINGS, LTD. · control person
- ListedCONWAY, WILLIAM, ELIAS · MEMBER · 25–50% · indirect via DBD CAYMAN HOLDINGS, LTD. · control person
- ListedD'ANIELLO, DANIEL, ANTHONY · MEMBER · 25–50% · indirect via DBD CAYMAN HOLDINGS, LTD. · control person
- ListedDBD CAYMAN HOLDINGS, LTD. · MEMBER · 75% or more · indirect via DBD CAYMAN, LTD. · control person
- ListedDBD CAYMAN, LTD. · GENERAL PARTNER · General partner, trustee or manager · indirect via TCG HOLDINGS CAYMAN II, L.P. · control person
- ListedGAUNTT, ROBERT, PAUL · MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER · 5–10% · control person
- ListedHAWKINS, RUSSELL, BRIAN · MEMBER · Less than 5% · control person
- ListedJESULAITIS, DAVID, JOHN · MEMBER, EXECUTIVE OFFICER · Less than 5% · control person
- ListedLANGSTON, WILLIE, THURMAN · CHIEF EXECUTIVE OFFICER, MEMBER, ELECTED MANAGER · 5–10% · control person
- ListedLARTIGUE, HENRY, JAMES · MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER · 5–10% · control person
- ListedLILLY, KEVIN, JOHN · MEMBER, EXECUTIVE OFFICER, ELECTED MANAGER · 5–10% · control person
- ListedLUMMIS, FREDERICK, RICE · ELECTED MANAGER · Less than 5% · control person
- ListedLUMMIS, FREDERICK, RICE · ELECTED MANAGER, MEMBER · General partner, trustee or manager · indirect via PLATFORM PARTNERS LLC · control person
- ListedPAVLIK, JAMES, ALAN · MEMBER, EXECUTIVE OFFICER · Less than 5% · control person
- ListedPLATFORM PARTNERS, LLC · MEMBER · 5–10%
- and 9 more
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
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
AVALON CAPITAL MANAGEMENT Holdings (2026-06-30)
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 |
Filing History
| 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 |
Filer Information
Address
495 SEAPORT COURTSUITE 106
PORT OF REDWOOD CITY, CA 94063-2785
Phone
(650) 306-1500
Filing Manager
AVALON CAPITAL MANAGEMENT
Port Of Redwood City, CA
Signatory
Ross Revenaugh
Managing Partner / CCO