Top Institutional Investors

PCM Encore, LLC — 13F Holdings & Portfolio

CIK 2109846 · latest 13F-HR filed 2026-08-11

Backtest portfolio

PCM Encore, LLC manages $569.2M in 13F-reported U.S. long-equity assets across 459 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (4.56%), AAPL (4.45%), GOOGL (3.50%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 57 new positions and exited 43; 206 existing positions rose in reported value and 112 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
$569.2M

Long-equity book

Holdings
459

Distinct positions

Period
2026-06-30

Filed 2026-08-11

Q/Q Activity
+57 / −43 / ↑206 / ↓112

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
NVDA4.6% · -3%AAPL4.4% · 0%GOOGL3.5% · -1%MSFT3.0% · -3%TSM2.9% · +0%VOO2.5% · +40%IWM2.2% · +18%AMZN2.1% · -0%AVGO1.9% · +0%LLY1.9% · -0%IVV1.6% · -19%IEMG1.4% · +15%RSP1.4% · +18%VEA1.4% · +51%MU1.4% · +14%META1.2% · -1%MGK1.2% · +668%LRCX1.2% · +0%TSLA1.1% · -1%AMD1.1% · +1%BRK.B1.1% · -3%JPM1.0% · +0%CAT0.9% · -2%VTV0.9% · +58%IWY0.9% · -14%XOM0.9% · -1%IEFA0.9% · -14%EVTR0.8% · +39%V0.7% · +3%EVSD0.6% · +37%SNDK0.6% · -1%GE0.6% · -2%GOOG0.5% · -11%WMT0.5% · -4%IVE0.5% · -18%WDC0.5% · -0%NFLX0.5% · -5%ASML0.5% · +11%ABBV0.5% · +4%BAC0.5% · -3%GS0.5% · -0%COST0.5% · +2%INTC0.5% · +11%MRVL0.4% · +2%CVX0.4% · -0%AMAT0.4% · +43%MRK0.4% · -0%GEV0.4% · +0%MA0.4% · 0%SHEL0.3% · -2%NVS0.3% · -1%JNJ0.3% · +1%CSCO0.3% · +52%KB0.3% · +2%HSBC0.3% · +2%IBN0.3% · +2%VUG0.3% · +495%UNH0.3% · +43%SHG0.3% · +2%CNQ0.3% · -1%

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

3 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 = 29%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Oct 13, 2026.

Assets Under Management
$2.05B
Discretionary
$2.05B
Employees
18
Accounts
798
Address
520 E COOPER AVE.
STE. 7C
ASPEN, CO 81611
Phone
(425) 214-1755
Website
Name Title / Status Ownership Type
PAULUS FAMILY IRREVOCABLE TRUST ControlOWNER
since Sep 2024
25–50%Domestic Entity
Paulus, Michael, James ControlMANAGING MEMBER & CHIEF EXECUTIVE OFFICER, TRUSTEE OF PAULUS FAMILY IRREVOCABLE TRUST
since Sep 2024
50–75%Individual
Rice, Samuel, NMN ControlCHIEF COMPLIANCE OFFICER
since Sep 2024
Less than 5%Individual
Paulus, Michael, James Control
Indirect owner via PAULUS FAMILY IRREVOCABLE TRUST
TRUSTEE
since Sep 2024
75% or moreIndividual
Ownership & leadership changes · 2 filings with changes since Sep 3, 2024

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.

Sep 13, 2024 filing
  • AddedPaulus, Michael, James · TRUSTEE · 75% or more · indirect via PAULUS FAMILY IRREVOCABLE TRUST · control person
Sep 9, 2024 filing
  • ChangedPaulus, Michael, James · title MANAGING MEMBER & CHIEF EXECUTIVE OFFICER, TTE OF PAULUS FAMILY IRREVOCABLE TRUST AND PAULUS FAMILY REVOCABLE TRUST → MANAGING MEMBER & CHIEF EXECUTIVE OFFICER, TRUSTEE OF PAULUS FAMILY IRREVOCABLE TRUST
Sep 3, 2024 filing (earliest on record)
  • ListedPAULUS FAMILY IRREVOCABLE TRUST · OWNER · 25–50% · control person
  • ListedPaulus, Michael, James · MANAGING MEMBER & CHIEF EXECUTIVE OFFICER, TTE OF PAULUS FAMILY IRREVOCABLE TRUST AND PAULUS FAMILY REVOCABLE TRUST · 50–75% · control person
  • ListedRice, Samuel, NMN · CHIEF COMPLIANCE OFFICER · Less than 5% · 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 206 →

Top Trims

Show all 112 →

New Positions

Show all 57 →

Exited Positions

Show all 43 →

PCM Encore, 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 $25.9M 4.56% 129,660 SH
2 APPLE INC AAPL 037833100 $25.3M 4.45% 87,454 SH
3 ALPHABET INC GOOGL 02079K305 $19.9M 3.50% 55,762 SH
4 MICROSOFT CORP MSFT 594918104 $17.2M 3.02% 46,079 SH
5 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $16.4M 2.88% 34,343 SH
6 VANGUARD INDEX FDS VOO 922908363 $14.4M 2.52% 20,914 SH
7 ISHARES TR IWM 464287655 $12.5M 2.20% 41,698 SH
8 AMAZON COM INC AMZN 023135106 $12.2M 2.15% 51,255 SH
9 BROADCOM INC AVGO 11135F101 $10.7M 1.88% 28,345 SH
10 ELI LILLY & CO LLY 532457108 $10.6M 1.86% 8,838 SH
11 ISHARES TR IVV 464287200 $9.2M 1.62% 12,340 SH
12 ISHARES INC IEMG 46434G103 $8.2M 1.43% 98,540 SH
13 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $7.9M 1.39% 37,230 SH
14 VANGUARD TAX-MANAGED FDS VEA 921943858 $7.9M 1.38% 110,196 SH
15 MICRON TECHNOLOGY INC MU 595112103 $7.8M 1.37% 6,750 SH
16 META PLATFORMS INC META 30303M102 $7.0M 1.23% 12,442 SH
17 VANGUARD WORLD FD MGK 921910816 $6.7M 1.18% 76,663 SH
18 LAM RESEARCH CORP LRCX 512807306 $6.7M 1.18% 15,518 SH
19 TESLA INC TSLA 88160R101 $6.3M 1.11% 15,012 SH
20 ADVANCED MICRO DEVICES INC AMD 007903107 $6.2M 1.08% 10,628 SH
21 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $6.1M 1.07% 12,198 SH
22 JPMORGAN CHASE & CO JPM 46625H100 $5.5M 0.97% 16,805 SH
23 CATERPILLAR INC CAT 149123101 $5.3M 0.94% 5,019 SH
24 VANGUARD INDEX FDS VTV 922908744 $5.2M 0.92% 24,079 SH
25 ISHARES TR IWY 464289438 $5.0M 0.88% 17,293 SH
26 EXXON MOBIL CORP XOM 30231G102 $4.9M 0.87% 36,113 SH
27 ISHARES TR IEFA 46432F842 $4.9M 0.86% 50,648 SH
28 MORGAN STANLEY ETF TRUST EVTR 61774R841 $4.6M 0.80% 89,772 SH
29 VISA INC V 92826C839 $3.8M 0.68% 11,201 SH
30 MORGAN STANLEY ETF TRUST EVSD 61774R825 $3.5M 0.62% 69,240 SH
31 SANDISK CORP SNDK 80004C200 $3.3M 0.58% 1,453 SH
32 GE AEROSPACE GE 369604301 $3.2M 0.56% 8,549 SH
33 ALPHABET INC GOOG 02079K107 $3.0M 0.53% 8,490 SH
34 WALMART INC WMT 931142103 $3.0M 0.53% 26,388 SH
35 ISHARES TR IVE 464287408 $2.9M 0.51% 12,899 SH
36 WESTERN DIGITAL CORP WDC 958102105 $2.9M 0.51% 4,576 SH
37 NETFLIX INC. NFLX 64110L106 $2.9M 0.50% 39,983 SH
38 ASML HLDG NV ASML N07059210 $2.9M 0.50% 1,433 SH
39 ABBVIE INC ABBV 00287Y109 $2.8M 0.49% 10,979 SH
40 BANK OF AMER CORP BAC 060505104 $2.7M 0.48% 47,801 SH
41 GOLDMAN SACHS GROUP INC GS 38141G104 $2.7M 0.47% 2,651 SH
42 COSTCO WHOLESALE CORPORATION COST 22160K105 $2.7M 0.47% 2,838 SH
43 INTEL CORP INTC 458140100 $2.6M 0.46% 18,770 SH
44 MARVELL TECHNOLOGY INC MRVL 573874104 $2.5M 0.45% 8,554 SH
45 CHEVRON CORPORATION CVX 166764100 $2.5M 0.44% 15,066 SH
46 APPLIED MATLS INC AMAT 038222105 $2.5M 0.43% 3,423 SH
47 MERCK & CO INC MRK 58933Y105 $2.3M 0.41% 17,958 SH
48 GE VERNOVA INC GEV 36828A101 $2.3M 0.40% 1,938 SH
49 MASTERCARD INCORPORATED MA 57636Q104 $2.3M 0.40% 4,393 SH
50 SHELL PLC SHEL 780259305 $2.0M 0.34% 25,294 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-11 $569.2M 459 0001420506-26-001515
2026-03-31 2026-05-12 $486.1M 445 0001420506-26-000923
2025-12-31 2026-02-13 $470.0M 428 0001420506-26-000414
Filer Information
Address
520 E COOPER AVE.
STE. 7C
ASPEN, CO 81611
Phone
(425) 214-1755
Filing Manager
PCM Encore, LLC
Aspen, CO
Signatory
Sam Rice
Chief Compliance Officer