Act Two Investors LLC — 13F Holdings & Portfolio

CIK 1766907 · latest 13F-HR filed 2026-08-10

Act Two Investors LLC manages $494.7M in 13F-reported U.S. long-equity assets across 37 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are GOOG (14.94%), MSFT (10.79%), AMZN (8.47%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions, exited 1, added to 20, and trimmed 6.

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.

Filer Information
Address
641 ESCALONA DRIVE
SANTA CRUZ, CA 95060
Phone
(831) 246-0035
Filing Manager
Act Two Investors LLC
SANTA CRUZ, CA
Signatory
Jeffrey Scharf
Manager
Loading holdings…
AUM

$494.7M

Long-equity book

Holdings

37

Distinct positions

Period

2026-06-30

Filed 2026-08-10

Q/Q Activity

+2 / −1 / ↑20 / ↓6

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • ELI LILLY & CO$15.6M +207.9%
  • STRYKER CORPORATION$11.9M +302.1%
  • AUTOMATIC DATA PROCESSING IN$8.3M +87.4%
  • ALPHABET INC$6.1M +8.9%
  • AMAZON COM INC$4.9M +13.4%
Show all 20 →

Top Trims

  • EVERSOURCE ENERGY-$11.2M -39.3%
  • T-MOBILE US INC-$6.5M -20.5%
  • VANGUARD SCOTTSDALE FDS-$1.3M -24.1%
  • MCKESSON CORP-$979.1K -12.7%
  • INTUIT-$454.4K -9.0%
Show all 6 →

New Positions

  • ACCENTURE PLC IRELAND$8.6M
  • MASTERCARD INCORPORATED$1.2M
Show all 2 →

Exited Positions

  • DISNEY WALT CO$19.4M
Show all 1 →
All Holdings

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 GOOG 02079K107 $73.9M 14.94% 209,221 SH
2 MICROSOFT CORP MSFT 594918104 $53.4M 10.79% 143,167 SH
3 AMAZON COM INC AMZN 023135106 $41.9M 8.47% 175,801 SH
4 VISA INC V 92826C839 $35.8M 7.23% 104,310 SH
5 IQVIA HLDGS INC IQV 46266C105 $30.7M 6.20% 158,746 SH
6 T-MOBILE US INC TMUS 872590104 $25.3M 5.12% 151,082 SH
7 ELI LILLY & CO LLY 532457108 $23.2M 4.68% 19,302 SH
8 APPLE INC AAPL 037833100 $22.3M 4.52% 77,201 SH
9 NVIDIA CORPORATION NVDA 67066G104 $21.0M 4.25% 105,122 SH
10 ISHARES TR IEF 464287440 $19.6M 3.95% 206,772 SH
11 SLM CORP SLM 78442P106 $18.6M 3.76% 716,772 SH
12 AUTOMATIC DATA PROCESSING IN ADP 053015103 $17.8M 3.60% 79,607 SH
13 EVERSOURCE ENERGY ES 30040W108 $17.2M 3.48% 238,057 SH
14 STRYKER CORPORATION SYK 863667101 $15.8M 3.20% 50,217 SH
15 JPMORGAN CHASE & CO JPM 46625H100 $9.0M 1.82% 27,491 SH
16 SCHWAB STRATEGIC TR SCHR 808524854 $8.7M 1.77% 354,554 SH
17 ACCENTURE PLC IRELAND ACN G1151C101 $8.6M 1.74% 69,325 SH
18 MCKESSON CORP MCK 58155Q103 $6.7M 1.36% 8,920 SH
19 SCHWAB STRATEGIC TR SCHO 808524862 $6.2M 1.25% 256,210 SH
20 NETFLIX INC. NFLX 64110L106 $5.6M 1.12% 77,907 SH
21 INTUIT INTU 461202103 $4.6M 0.93% 17,595 SH
22 VANGUARD SCOTTSDALE FDS VGLT 92206C847 $4.1M 0.83% 74,530 SH
23 CANADIAN NATL RY CO CNI 136375102 $3.9M 0.80% 33,020 SH
24 ALPHABET INC GOOGL 02079K305 $3.9M 0.78% 10,804 SH
25 THERMO FISHER SCIENTIFIC INC TMO 883556102 $3.4M 0.68% 6,710 SH
26 CANADIAN PACIFIC KANSAS CITY CP 13646K108 $3.0M 0.62% 35,181 SH
27 META PLATFORMS INC META 30303M102 $2.0M 0.40% 3,550 SH
28 MCDONALDS CORP MCD 580135101 $1.8M 0.37% 6,820 SH
29 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $1.4M 0.29% 2,821 SH
30 MASTERCARD INCORPORATED MA 57636Q104 $1.2M 0.24% 2,344 SH
31 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $984.7K 0.20% 2,062 SH
32 AON PLC AON G0403H108 $754.6K 0.15% 2,275 SH
33 EAST WEST BANCORP INC EWBC 27579R104 $680.3K 0.14% 5,270 SH
34 BOOKING HOLDINGS INC BKNG 09857L108 $628.3K 0.13% 3,525 SH
35 NXP SEMICONDUCTORS N V NXPI N6596X109 $334.1K 0.07% 1,189 SH
36 AMERICAN EXPRESS CO AXP 025816109 $331.1K 0.07% 979 SH
37 ORACLE CORP ORCL 68389X105 $255.0K 0.05% 1,740 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-10 $494.7M 37 0001214659-26-009810
2026-03-31 2026-05-08 $453.2M 36 0001214659-26-005757
2025-12-31 2026-02-10 $555.9M 38 0001214659-26-001385