Top Institutional Investors

Connective Portfolio Management, LLC — 13F Holdings & Portfolio

CIK 1905083 · latest 13F-HR filed 2026-10-22

Backtest portfolio

Connective Portfolio Management, LLC manages $66.9M in 13F-reported U.S. long-equity assets across 39 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are IGV (8.73%), IAU (7.01%), PBR (5.78%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 15 new positions and exited 15; 11 existing positions rose in reported value and 11 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.

Loading holdings…
AUM
$66.9M

Long-equity book

Holdings
39

Distinct positions

Period
2026-09-30

Filed 2026-10-22

Q/Q Activity
+15 / −15 / ↑11 / ↓11

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
IGV8.7% · newIAU7.0% · +28%PBR5.8% · 0%MSFT5.5% · +42%NVDA5.3% · +35%C4.1% · -19%PHYS4.0% · 0%AVGO3.8% · +68%GLD3.4% · 0%AAPL3.2% · +85%AMZN3.2% · newTSM2.7% · -22%AMAT2.7% · newCVX2.4% · 0%RVMD2.3% · +67%RKLB2.3% · -39%SPCX2.3% · -9%TGT2.1% · newCRM2.1% · newJPM2.0% · -64%ASML1.9% · newSHEL1.9% · 0%AXP1.8% · 0%CNQ1.8% · 0%INDA1.7% · -50%PFE1.7% · newGM1.6% · newWMT1.6% · newATI1.4% · newARGX1.3% · newNTRA1.2% · newTXG1.2% · newPWR1.1% · 0%SU1.1% · newMA1.0% · 0%IONQ1.0% · 0%PAM0.8% · 0%CMG0.6% · 0%TNGX0.6% · new

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

Q2 26 → Q3 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 = 50.7%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Aug 18, 2026.

Assets Under Management
$121.3M
Discretionary
$121.3M
Employees
2
Accounts
14
Address
630 THIRD AVENUE
21ST FLOOR
NEW YORK, NY 10017
Phone
(212) 332-7932
Website
Name Title / Status Ownership Type
COMBY, PHILIPPE, ROBERT ControlPRESIDENT, CFO, AND MANAGER
since Nov 2014
Less than 5%Individual
GLOY, ALEXANDER, FLORIAN ControlCHIEF COMPLIANCE OFFICER
since Aug 2026
Less than 5%Individual
MILLISITS, RUDOLF ControlCEO AND MANAGER
since Nov 2014
Less than 5%Individual
RSM ADVISORS LLC ControlMEMBER
since Nov 2014
25–50%Domestic Entity
TECHPHAB INVESTORS ControlMEMBER
since Nov 2014
25–50%Domestic Entity
HOTTINGER U.S. INC.OWNER
since Feb 2015
10–25%Domestic Entity
SAXTON, RICHARD, LDMANAGER AND MEMBER
since Nov 2014
Less than 5%Individual
COMBY, PHILIPPE, ROBERT Control
Indirect owner via TECHPHAB INVESTORS
SOLE MEMBER
since Nov 2014
75% or moreIndividual
MILLISITS, RUDOLF Control
Indirect owner via RSM ADVISORS LLC
SOLE MEMBER
since Nov 2014
75% or moreIndividual
Ownership & leadership changes · 3 filings with changes since Jun 29, 2018

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 18, 2026 filing
  • AddedGLOY, ALEXANDER, FLORIAN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedMILLISITS, RUDOLF · title CEO; CCO; AND MANAGER → CEO AND MANAGER
Nov 2, 2018 filing
  • ChangedSAXTON, RICHARD, LD · no longer a control person
Oct 8, 2018 filing
  • ChangedSAXTON, RICHARD, LD · title CHAIRMAN, MANAGER AND MEMBER → MANAGER AND MEMBER
Jun 29, 2018 filing (earliest on record)
  • ListedCOMBY, PHILIPPE, ROBERT · PRESIDENT, CFO, AND MANAGER · Less than 5% · control person
  • ListedCOMBY, PHILIPPE, ROBERT · SOLE MEMBER · 75% or more · indirect via TECHPHAB INVESTORS · control person
  • ListedHOTTINGER U.S. INC. · OWNER · 10–25%
  • ListedMILLISITS, RUDOLF · CEO; CCO; AND MANAGER · Less than 5% · control person
  • ListedMILLISITS, RUDOLF · SOLE MEMBER · 75% or more · indirect via RSM ADVISORS LLC · control person
  • ListedRSM ADVISORS LLC · MEMBER · 25–50% · control person
  • ListedSAXTON, RICHARD, LD · CHAIRMAN, MANAGER AND MEMBER · Less than 5% · control person
  • ListedTECHPHAB INVESTORS · MEMBER · 25–50% · 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 11 →

Top Trims

Show all 11 →

New Positions

Show all 15 →

Exited Positions

Show all 15 →

Connective Portfolio Management, LLC Holdings (2026-09-30)

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 ISHARES TR IGV 464287515 $5.8M 8.73% 55,190 SH
2 ISHARES GOLD TR IAU 464285204 $4.7M 7.01% 60,029 SH
3 PETROLEO BRASILEIRO S A PBR 71654V408 $3.9M 5.78% 185,200 SH
4 MICROSOFT CORP MSFT 594918104 $3.7M 5.46% 7,124 SH
5 NVIDIA CORPORATION NVDA 67066G104 $3.5M 5.29% 15,475 SH
6 CITIGROUP INC C 172967424 $2.7M 4.07% 21,000 SH
7 SPROTT ASSET MANAGEMENT LP PHYS 85207H104 $2.7M 3.97% 85,000 SH
8 BROADCOM INC AVGO 11135F101 $2.5M 3.78% 7,195 SH
9 SPDR GOLD TR GLD 78463V107 $2.3M 3.37% 5,915 SH
10 APPLE INC AAPL 037833100 $2.2M 3.25% 6,520 SH
11 AMAZON COM INC AMZN 023135106 $2.1M 3.17% 8,500 SH
12 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $1.8M 2.73% 4,000 SH
13 APPLIED MATLS INC AMAT 038222105 $1.8M 2.68% 3,500 SH
14 CHEVRON CORPORATION CVX 166764100 $1.6M 2.35% 7,699 SH
15 REVOLUTION MEDICINES INC RVMD 76155X100 $1.5M 2.30% 7,500 SH
16 ROCKET LAB CORP RKLB 773121108 $1.5M 2.28% 21,915 SH
17 SPACE EXPLORATION TECHN CORP SPCX 84615Q103 $1.5M 2.26% 10,000 SH
18 TARGET CORP TGT 87612E106 $1.4M 2.11% 9,000 SH
19 SALESFORCE INC CRM 79466L302 $1.4M 2.06% 6,000 SH
20 JPMORGAN CHASE & CO JPM 46625H100 $1.3M 1.97% 3,980 SH
21 ASML HLDG NV ASML N07059210 $1.3M 1.90% 700 SH
22 SHELL PLC SHEL 780259305 $1.3M 1.88% 13,195 SH
23 AMERICAN EXPRESS CO AXP 025816109 $1.2M 1.82% 4,000 SH
24 CANADIAN NAT RES LTD MED TER CNQ 136385101 $1.2M 1.76% 25,000 SH
25 ISHARES TR INDA 46429B598 $1.2M 1.75% 25,000 SH
26 PFIZER INC PFE 717081103 $1.1M 1.70% 39,850 SH
27 GENERAL MTRS CO GM 37045V100 $1.1M 1.61% 14,000 SH
28 WALMART INC WMT 931142103 $1.0M 1.56% 10,025 SH
29 ATI INC ATI 01741R102 $947.0K 1.42% 5,000 SH
30 ARGENX SE ARGX 04016X101 $863.0K 1.29% 900 SH
31 NATERA INC NTRA 632307104 $826.6K 1.24% 2,000 SH
32 10X GENOMICS INC TXG 88025U109 $813.2K 1.22% 9,000 SH
33 QUANTA SVCS INC PWR 74762E102 $767.2K 1.15% 1,194 SH
34 SUNCOR ENERGY INC NEW SU 867224107 $747.7K 1.12% 11,000 SH
35 MASTERCARD INCORPORATED MA 57636Q104 $681.1K 1.02% 1,235 SH
36 IONQ INC IONQ 46222L108 $657.9K 0.98% 15,000 SH
37 PAMPA ENERGIA SA PAM 697660207 $544.4K 0.81% 7,000 SH
38 CHIPOTLE MEXICAN GRILL INC CMG 169656105 $411.4K 0.62% 12,875 SH
39 TANGO THERAPEUTICS INC TNGX 87583X109 $374.2K 0.56% 15,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-22 $66.9M 39 0001905083-26-000005
2026-06-30 2026-07-07 $60.1M 39 0001905083-26-000003
2026-03-31 2026-04-16 $36.9M 25 0001905083-26-000002
2025-12-31 2026-01-12 $55.5M 38 0001905083-26-000001
Filer Information
Address
630 THIRD AVENUE
21ST FLOOR
NEW YORK, NY 10017
Phone
(212) 332-7932
Filing Manager
Connective Portfolio Management, LLC
NEW YORK, NY
Signatory
Philippe Comby
President, Managing Member