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Capital Impact Advisors, LLC — 13F Holdings & Portfolio

CIK 1602198 · latest 13F-HR filed 2026-08-07

Backtest portfolio

Capital Impact Advisors, LLC manages $1.78B in 13F-reported U.S. long-equity assets across 29 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (11.55%), ALAB (9.44%), GOOGL (7.95%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 5 new positions and exited 6; 23 existing positions rose in reported value and 0 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
$1.78B

Long-equity book

Holdings
29

Distinct positions

Period
2026-06-30

Filed 2026-08-07

Q/Q Activity
+5 / −6 / ↑23 / ↓0

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
NVDA11.5% · +826%ALAB9.4% · newGOOGL8.0% · +1164%META5.4% · +516%APP4.8% · +715%NTRA4.5% · +640%HOOD4.3% · +675%VEEV3.9% · +856%RDDT3.4% · +745%AFRM3.2% · +540%AXON3.2% · +529%RKLB3.0% · +351%ANET2.8% · +192%MDB2.8% · +546%ROKU2.6% · +502%TEM2.5% · newDASH2.5% · +353%EXEL2.3% · +340%VIRT2.3% · newDKNG2.2% · newMPWR2.2% · newTOST2.1% · +462%MEDP2.0% · +384%TSLA2.0% · +253%PEGA1.9% · +801%RMD1.7% · +298%GMED1.6% · +342%UI1.1% · +122%PLTR0.7% · +25%

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 value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated 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 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 58.5%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2026.

Assets Under Management
$1.49B
Discretionary
$1.49B
Employees
5
Accounts
1
Address
175 FEDERAL ST
STE 875
BOSTON, MA 02110
Phone
(617) 279-0045
Website
Name Title / Status Ownership Type
SHULMAN, JOEL, MARK ControlMANAGING MEMBER / FOUNDING PARTNER / CHIEF INVESTMENT OFFICER
since Apr 2013
75% or moreIndividual
Adosoglou, EvaCHIEF OPERATING OFFICER
since Apr 2020
Less than 5%Individual
PENTEGRA DB PLAN FOR FINANCIAL INSTITUTIONSMEMBER
since Apr 2013
25–50%Domestic Entity
Prisacariu, Mihai, RaresCHIEF COMPLIANCE OFFICER
since Jun 2019
Less than 5%Individual
PENTEGRA SERVICES, INC. Control
Indirect owner via PENTEGRA DB PLAN FOR FINANCIAL INSTITUTIONS
PARENT
since Aug 2008
75% or moreDomestic Entity
Ownership & leadership changes · 9 filings with changes since Jul 11, 2013

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.

Mar 31, 2026 filing
  • ChangedSHULMAN, JOEL, MARK · title MANAGING�MEMBER / FOUNDING PARTNER / CHIEF INVESTMENT OFFICER → MANAGING MEMBER / FOUNDING PARTNER / CHIEF INVESTMENT OFFICER
Mar 30, 2022 filing
  • ChangedPENTEGRA DB PLAN FOR FINANCIAL INSTITUTIONS · ownership 10–25% → 25–50%
Mar 31, 2021 filing
  • AddedAdosoglou, Eva · CHIEF OPERATING OFFICER · Less than 5%
Mar 27, 2020 filing
  • No longer listedSHULMAN, ALISSA, HATTIE · CHIEF FINANCIAL OFFICER · Less than 5% · listed since Dec 2017
  • ChangedSHULMAN, JOEL, MARK · title MANAGING MEMBER → MANAGING�MEMBER / FOUNDING PARTNER / CHIEF INVESTMENT OFFICER
Jun 10, 2019 filing
  • No longer listedTaylor, Jessica, Sara · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Jan 2019
  • AddedPrisacariu, Mihai, Rares · CHIEF COMPLIANCE OFFICER · Less than 5%
Mar 27, 2019 filing
  • AddedTaylor, Jessica, Sara · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedSHULMAN, ALISSA, HATTIE · title CCO & CFO → CHIEF FINANCIAL OFFICER
Mar 30, 2018 filing
  • No longer listedCRAGG, DAVID, RYAN · CCO · Less than 5% · control person · listed since Apr 2013
  • AddedPENTEGRA SERVICES, INC. · PARENT · 75% or more · indirect via PENTEGRA DB PLAN FOR FINANCIAL INSTITUTIONS · control person
  • AddedSHULMAN, ALISSA, HATTIE · CCO & CFO · Less than 5%
  • ChangedPENTEGRA DB PLAN FOR FINANCIAL INSTITUTIONS · ownership 25–50% → 10–25%
Mar 12, 2015 filing
  • ChangedPENTEGRA DB PLAN FOR FINANCIAL INSTITUTIONS · ownership 10–25% → 25–50%
Jul 15, 2013 filing
  • No longer listedPENTEGRA DB PLAN FOR FINANCIAL INSTITUTIONS · MEMBER · General partner, trustee or manager · indirect via CAPITAL IMPACT ADVISORS, LLC · listed since Apr 2013
  • No longer listedTHE BANK OF NEW YORK MELLON CORPORATION · TRUSTEE · General partner, trustee or manager · indirect via PENTEGRA DB PLAN FOR FINANCIAL INSTITUTIONS · control person · listed since Apr 2013
  • ChangedSHULMAN, JOEL, MARK · title MANAGING DIRECTOR → MANAGING MEMBER
Jul 11, 2013 filing (earliest on record)
  • ListedCRAGG, DAVID, RYAN · CCO · Less than 5% · control person
  • ListedPENTEGRA DB PLAN FOR FINANCIAL INSTITUTIONS · MEMBER · 10–25%
  • ListedPENTEGRA DB PLAN FOR FINANCIAL INSTITUTIONS · MEMBER · General partner, trustee or manager · indirect via CAPITAL IMPACT ADVISORS, LLC
  • ListedSHULMAN, JOEL, MARK · MANAGING DIRECTOR · 75% or more · control person
  • ListedTHE BANK OF NEW YORK MELLON CORPORATION · TRUSTEE · General partner, trustee or manager · indirect via PENTEGRA DB PLAN FOR FINANCIAL INSTITUTIONS · control person

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)

Show all 23 →

Top Trims

  • No decreased positions.
Show all 0 →

New Positions

Show all 5 →

Exited Positions

Show all 6 →

Capital Impact Advisors, LLC 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 NVIDIA CORPORATION NVDA 67066G104 $205.9M 11.55% 1,029,215 SH
2 ASTERA LABS INC ALAB 04626A103 $168.4M 9.44% 348,617 SH
3 ALPHABET INC GOOGL 02079K305 $141.8M 7.95% 396,788 SH
4 META PLATFORMS INC META 30303M102 $97.1M 5.45% 172,439 SH
5 APPLOVIN CORP APP 03831W108 $85.9M 4.81% 166,642 SH
6 NATERA INC NTRA 632307104 $80.4M 4.51% 296,228 SH
7 ROBINHOOD MKTS INC HOOD 770700102 $77.3M 4.33% 770,540 SH
8 VEEVA SYS INC VEEV 922475108 $68.8M 3.86% 387,698 SH
9 REDDIT INC RDDT 75734B100 $60.4M 3.39% 348,050 SH
10 AFFIRM HLDGS INC AFRM 00827B106 $57.4M 3.22% 704,065 SH
11 AXON ENTERPRISE INC AXON 05464C101 $56.6M 3.17% 100,954 SH
12 ROCKET LAB CORP RKLB 773121108 $54.3M 3.05% 534,286 SH
13 ARISTA NETWORKS INC ANET 040413205 $50.3M 2.82% 296,010 SH
14 MONGODB INC MDB 60937P106 $49.7M 2.79% 147,928 SH
15 ROKU INC ROKU 77543R102 $47.0M 2.64% 340,273 SH
16 TEMPUS AI INC TEM 88023B103 $44.6M 2.50% 770,707 SH
17 DOORDASH INC DASH 25809K105 $44.4M 2.49% 240,416 SH
18 EXELIXIS INC EXEL 30161Q104 $41.1M 2.30% 754,664 SH
19 VIRTU FINL INC VIRT 928254101 $40.4M 2.27% 678,658 SH
20 DRAFTKINGS INC NEW DKNG 26142V105 $39.2M 2.20% 1,553,691 SH
21 MONOLITHIC PWR SYS INC MPWR 609839105 $38.4M 2.15% 27,772 SH
22 TOAST INC TOST 888787108 $37.2M 2.09% 1,338,338 SH
23 MEDPACE HLDGS INC MEDP 58506Q109 $36.2M 2.03% 68,439 SH
24 TESLA INC TSLA 88160R101 $35.5M 1.99% 84,312 SH
25 PEGASYSTEMS INC PEGA 705573103 $34.0M 1.90% 1,133,361 SH
26 RESMED INC RMD 761152107 $29.5M 1.66% 151,525 SH
27 GLOBUS MED INC GMED 379577208 $29.2M 1.64% 370,167 SH
28 UBIQUITI INC UI 90353W103 $20.0M 1.12% 37,507 SH
29 PALANTIR TECHNOLOGIES INC PLTR 69608A108 $12.2M 0.68% 104,172 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-07 $1.78B 29 0001172661-26-003167
2026-03-31 2026-05-15 $247.5M 30 0001172661-26-002017
2025-12-31 2026-02-17 $1.28B 30 0001172661-26-000946
2025-09-30 2025-11-14 $447.1M 30 0001172661-25-004981
Filer Information
Address
175 FEDERAL ST
SUITE 875
BOSTON, MA 02110
Phone
(617) 279-0045
Filing Manager
Capital Impact Advisors, LLC
Boston, MA
Signatory
Joel Shulman
President