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L2 Asset Management, LLC — 13F Holdings & Portfolio

CIK 1686988 · latest 13F-HR filed 2026-08-13

Backtest portfolio

L2 Asset Management, LLC manages $962.8M in 13F-reported U.S. long-equity assets across 411 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are JAAA (3.24%), NVDA (2.79%), AAPL (2.60%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 48 new positions and exited 34; 192 existing positions rose in reported value and 115 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
$962.8M

Long-equity book

Holdings
411

Distinct positions

Period
2026-06-30

Filed 2026-08-13

Q/Q Activity
+48 / −34 / ↑192 / ↓115

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
JAAA3.2% · +135%NVDA2.8% · +6%AAPL2.6% · -0%SGOV2.6% · -51%SCHX2.0% · -50%DELL1.9% · +4%PAAA1.8% · newMSFT1.7% · +4%AVUV1.6% · -48%EFV1.6% · +7%SCHI1.6% · -49%MTBA1.5% · -47%NTAP1.4% · -5%VTEB1.3% · -49%GOOGL1.3% · -3%DLTR1.3% · +36%SCHG1.2% · +0%AMGN1.2% · +13%CSCO1.1% · -18%CF1.1% · -14%AVGO1.0% · +6%LRCX1.0% · -11%ABNB1.0% · -4%SCHF1.0% · -48%GOOG1.0% · +7%SCHE1.0% · -48%QCOM0.9% · -3%FLEX0.9% · -56%CAH0.9% · +48%TPR0.9% · +6%PREF0.9% · -48%SYF0.9% · -2%BRK.B0.9% · -26%TSLA0.8% · +22%GILD0.8% · -2%EXPE0.8% · -24%PFLD0.8% · -43%META0.8% · -18%LOGI0.8% · +8%BBY0.8% · +72%MU0.8% · +1%JBL0.8% · -28%AMP0.8% · +21%RPRX0.8% · -12%INCY0.7% · +47%VWOB0.7% · -49%EXEL0.7% · -4%LYV0.7% · -34%JAZZ0.7% · newHAL0.7% · -12%SCYB0.7% · -49%JPM0.6% · +3%RL0.6% · -9%UTHR0.6% · -24%DVN0.6% · +85%AMD0.6% · +3%IBM0.6% · -15%SCHQ0.5% · -49%SLB0.5% · +2%FOXA0.5% · -15%

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 = 21.7%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Aug 12, 2026.

Assets Under Management
$1.27B
Discretionary
$837.7M
Employees
8
Accounts
124
Phone
(508) 350-7150
Website
Name Title / Status Ownership Type
ARNEDT, ANDREW, TYSON ControlGENERAL COUNSEL
since Aug 2018
Less than 5%Individual
BHOJRAJ, SANJEEV ControlPORTFOLIO MANAGER
since Jan 2014
25–50%Individual
MALGARI, MATTHEW, JUSTIN ControlMANAGING MEMBER, PORTFOLIO MANAGER
since Jan 2014
25–50%Individual
CASELLA, GISELLECHIEF COMPLIANCE OFFICER
since May 2020
Less than 5%Individual
DURKIN, JOHN, TOWERCHIEF OPERATING OFFICER
since Feb 2022
5–10%Individual
PRZYBYLO, NATHAN, HAYNESPORTFOLIO MANAGER, PROGRAMMER
since Jan 2014
10–25%Individual
Ownership & leadership changes · 6 filings with changes since Feb 13, 2015

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 30, 2022 filing
  • AddedDURKIN, JOHN, TOWER · CHIEF OPERATING OFFICER · 5–10%
  • ChangedARNEDT, ANDREW, TYSON · title GENERAL COUNSEL AND CHIEF OPERATING OFFICER → GENERAL COUNSEL
  • ChangedPRZYBYLO, NATHAN, HAYNES · title PROGRAMMER → PORTFOLIO MANAGER, PROGRAMMER
Jun 11, 2020 filing
  • No longer listedSHELDON, JENNIFER, LEE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Dec 2015
  • AddedCASELLA, GISELLE · CHIEF COMPLIANCE OFFICER · Less than 5%
Oct 18, 2018 filing
  • AddedARNEDT, ANDREW, TYSON · GENERAL COUNSEL AND CHIEF OPERATING OFFICER · Less than 5% · control person
Mar 27, 2018 filing
  • ChangedBHOJRAJ, SANJEEV · ownership 50–75% → 25–50%
  • ChangedMALGARI, MATTHEW, JUSTIN · title CHIEF EXECUTIVE OFFICER → MANAGING MEMBER, PORTFOLIO MANAGER
Mar 28, 2017 filing
  • ChangedBHOJRAJ, SANJEEV · title CHIEF INVESTMENT OFFICER → PORTFOLIO MANAGER
Dec 17, 2015 filing
  • AddedSHELDON, JENNIFER, LEE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedBHOJRAJ, SANJEEV · title CIO → CHIEF INVESTMENT OFFICER
  • ChangedMALGARI, MATTHEW, JUSTIN · title CEO/CCO → CHIEF EXECUTIVE OFFICER
Feb 13, 2015 filing (earliest on record)
  • ListedBHOJRAJ, SANJEEV · CIO · 50–75% · control person
  • ListedMALGARI, MATTHEW, JUSTIN · CEO/CCO · 25–50% · control person
  • ListedPRZYBYLO, NATHAN, HAYNES · PROGRAMMER · 10–25%

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

L2 Asset Management, 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 JANUS DETROIT STR TR JAAA 47103U845 $31.2M 3.24% 617,086 SH
2 NVIDIA CORPORATION NVDA 67066G104 $26.8M 2.79% 134,011 SH
3 APPLE INC AAPL 037833100 $25.0M 2.60% 86,513 SH
4 ISHARES TR SGOV 46436E718 $24.6M 2.56% 244,829 SH
5 SCHWAB STRATEGIC TR SCHX 808524201 $19.4M 2.02% 659,727 SH
6 DELL TECHNOLOGIES INC DELL 24703L202 $17.9M 1.86% 41,547 SH
7 PGIM ETF TR PAAA 69344A834 $17.7M 1.84% 344,747 SH
8 MICROSOFT CORP MSFT 594918104 $16.0M 1.66% 42,796 SH
9 AMERICAN CENTY ETF TR AVUV 025072877 $15.4M 1.60% 123,740 SH
10 ISHARES TR EFV 464288877 $15.1M 1.57% 197,547 SH
11 SCHWAB STRATEGIC TR SCHI 808524698 $15.1M 1.57% 665,705 SH
12 SIMPLIFY EXCHANGE TRADED FUN MTBA 82889N525 $14.5M 1.50% 295,184 SH
13 NETAPP INC NTAP 64110D104 $13.8M 1.44% 89,426 SH
14 VANGUARD MUN BD FDS VTEB 922907746 $12.9M 1.34% 255,713 SH
15 ALPHABET INC GOOGL 02079K305 $12.7M 1.32% 35,536 SH
16 DOLLAR TREE INC DLTR 256746108 $12.2M 1.27% 100,731 SH
17 SCHWAB STRATEGIC TR SCHG 808524300 $11.3M 1.18% 335,004 SH
18 AMGEN INC AMGN 031162100 $11.3M 1.17% 31,241 SH
19 CISCO SYS INC CSCO 17275R102 $10.6M 1.11% 90,630 SH
20 CF INDUSTRIES HOLD CF 125269100 $10.5M 1.09% 96,957 SH
21 BROADCOM INC AVGO 11135F101 $10.1M 1.05% 26,729 SH
22 LAM RESEARCH CORP LRCX 512807306 $10.0M 1.04% 23,182 SH
23 AIRBNB INC ABNB 009066101 $9.9M 1.03% 69,190 SH
24 SCHWAB STRATEGIC TR SCHF 808524805 $9.7M 1.01% 350,640 SH
25 ALPHABET INC GOOG 02079K107 $9.5M 0.98% 26,775 SH
26 SCHWAB STRATEGIC TR SCHE 808524706 $9.4M 0.98% 260,114 SH
27 QUALCOMM INC QCOM 747525103 $8.8M 0.92% 47,752 SH
28 FLEX LTD FLEX Y2573F102 $8.8M 0.91% 54,302 SH
29 CARDINAL HEALTH INC CAH 14149Y108 $8.7M 0.91% 36,690 SH
30 TAPESTRY INC TPR 876030107 $8.7M 0.90% 59,310 SH
31 PRINCIPAL EXCHANGE TRADED FD PREF 74255Y888 $8.3M 0.87% 437,360 SH
32 SYNCHRONY FINANCIAL SYF 87165B103 $8.2M 0.86% 108,337 SH
33 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $8.2M 0.85% 16,442 SH
34 TESLA INC TSLA 88160R101 $8.2M 0.85% 19,444 SH
35 GILEAD SCIENCES INC GILD 375558103 $8.1M 0.85% 64,505 SH
36 EXPEDIA GROUP INC EXPE 30212P303 $8.1M 0.84% 31,694 SH
37 ETF SER SOLUTIONS PFLD 26922A198 $8.1M 0.84% 412,303 SH
38 META PLATFORMS INC META 30303M102 $7.8M 0.81% 13,886 SH
39 LOGITECH INTL S A LOGI H50430232 $7.8M 0.81% 82,975 SH
40 BEST BUY INC BBY 086516101 $7.7M 0.80% 102,104 SH
41 MICRON TECHNOLOGY INC MU 595112103 $7.7M 0.80% 6,705 SH
42 JABIL INC JBL 466313103 $7.7M 0.80% 19,926 SH
43 AMERIPRISE FINL INC AMP 03076C106 $7.3M 0.76% 15,947 SH
44 ROYALTY PHARMA PLC RPRX G7709Q104 $7.3M 0.75% 129,324 SH
45 INCYTE CORP INCY 45337C102 $7.0M 0.73% 61,784 SH
46 VANGUARD WHITEHALL FDS VWOB 921946885 $6.9M 0.72% 102,759 SH
47 EXELIXIS INC EXEL 30161Q104 $6.8M 0.71% 125,702 SH
48 LIVE NATION ENTERTAINMENT IN LYV 538034109 $6.6M 0.69% 36,058 SH
49 JAZZ PHARMACEUTICALS PLC JAZZ G50871105 $6.6M 0.68% 27,290 SH
50 HALLIBURTON CO HAL 406216101 $6.4M 0.67% 189,772 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-13 $962.8M 411 0000919574-26-005117
2026-03-31 2026-05-15 $1.05B 397 0000919574-26-003154
2025-12-31 2026-02-17 $748.5M 366 0000919574-26-000986
2025-09-30 2025-11-14 $691.1M 363 0000919574-25-006797
Filer Information
Address
66 GLEZEN LANE
WAYLAND, MA 01778
Phone
(617) 217-2565
Filing Manager
L2 Asset Management, LLC
Wayland, MA
Signatory
Giselle Casella
Chief Compliance Officer