Top Institutional Investors

LAVELLE CAPITAL LP — 13F Holdings & Portfolio

CIK 2136566 · latest 13F-HR filed 2026-11-03

Backtest portfolio

LAVELLE CAPITAL LP manages $191.3M in 13F-reported U.S. long-equity assets across 82 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are SPY (14.07%), BIL (9.83%), BA (6.14%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 9 new positions and exited 5; 26 existing positions rose in reported value and 21 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
$191.3M

Long-equity book

Holdings
82

Distinct positions

Period
2026-09-30

Filed 2026-11-03

Q/Q Activity
+9 / −5 / ↑26 / ↓21

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
SPY14.5% · -0%BIL10.2% · +64%BA6.3% · +2611%VOO5.8% · +0%TSLA5.8% · -67%GOOGL4.5% · -3%GOOG4.1% · 0%CBRS4.1% · +75%SPCX4.0% · newURTH2.2% · -24%VT2.1% · +0%BRK.A2.0% · 0%FRSH1.4% · +3%IWR1.3% · 0%META1.2% · -89%GLD1.2% · 0%CSCO1.2% · 0%AAPL1.1% · -0%BILL1.1% · +3%NVDA1.0% · -12%BL1.0% · +37%VEA0.9% · -9%XLV0.9% · 0%VB0.9% · -9%CRCL0.9% · 0%SMWB0.9% · +4%HUBS0.9% · +23%TOST0.9% · 0%IVV0.9% · +4%CRM0.8% · +0%AMZN0.8% · -14%AGG0.7% · 0%WCLD0.7% · newET0.6% · +1%SPT0.6% · +1%BRK.B0.6% · -14%KBA0.6% · -10%MSFT0.5% · -34%EPD0.5% · +0%TSM0.5% · -44%GS0.5% · 0%RSP0.5% · +7%PFE0.5% · 0%OEF0.5% · +0%WDAY0.4% · -62%ACWX0.4% · 0%NOW0.4% · -19%CXM0.4% · +33%V0.4% · 0%KVYO0.4% · -18%GTM0.4% · +107%BLLN0.3% · +44%XLF0.3% · 0%AXP0.3% · 0%PCOR0.3% · newCOST0.3% · 0%LAW0.3% · 0%ALKT0.3% · -18%IWM0.3% · +0%VGK0.3% · 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 = 61.4%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Sep 30, 2026.

Assets Under Management
$508.2M
Discretionary
$508.2M
Employees
3
Accounts
155
Address
345 CALIFORNIA ST
EIGHTH FLOOR
SAN FRANCISCO, CA 94104
Phone
(415) 501-9987
Website
Name Title / Status Ownership Type
RAO, SANJEEV ControlMANAGING PARTNER/CHIEF COMPLIANCE OFFICER
since Aug 2021
75% or moreIndividual
VSR CAPITAL LLC ControlGENERAL PARTNER
since Aug 2021
Less than 5%Domestic Entity
RAO, SANJEEV Control
Indirect owner via VSR CAPITAL LLC
MANAGER; MEMBER
since Aug 2021
75% or moreIndividual
Ownership & leadership changes · 3 filings with changes since Sep 13, 2021

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 30, 2026 filing
  • No longer listedPANTER, BRIAN, ALLEN · VICE PRESIDENT · Less than 5% · control person · listed since Mar 2025
Mar 31, 2026 filing
  • ChangedPANTER, BRIAN, ALLEN · title VICE PRESIDENT/CHIEF COMPLIANCE OFFICER → VICE PRESIDENT
  • ChangedRAO, SANJEEV · title MANAGING PARTNER → MANAGING PARTNER/CHIEF COMPLIANCE OFFICER
Mar 31, 2025 filing
  • AddedPANTER, BRIAN, ALLEN · VICE PRESIDENT/CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedRAO, SANJEEV · title MANAGING PARTNER; CHIEF COMPLIANCE OFFICER → MANAGING PARTNER
Sep 13, 2021 filing (earliest on record)
  • ListedRAO, SANJEEV · MANAGING PARTNER; CHIEF COMPLIANCE OFFICER · 75% or more · control person
  • ListedRAO, SANJEEV · MANAGER; MEMBER · 75% or more · indirect via VSR CAPITAL LLC · control person
  • ListedVSR CAPITAL LLC · GENERAL PARTNER · 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 26 →

Top Trims

Show all 21 →

New Positions

Show all 9 →

Exited Positions

Show all 5 →

LAVELLE CAPITAL LP 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 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $26.9M 14.07% 35,298 SH
2 SPDR SERIES TRUST BIL 78468R663 $18.8M 9.83% 205,127 SH
3 BOEING CO BA 097023105 $11.8M 6.14% 63,160 SH
4 VANGUARD INDEX FDS VOO 922908363 $10.7M 5.60% 15,296 SH
5 TESLA INC TSLA 88160R101 $10.7M 5.58% 30,078 SH
6 ALPHABET INC GOOGL 02079K305 $8.3M 4.35% 24,194 SH
7 ALPHABET INC GOOG 02079K107 $7.6M 3.95% 22,176 SH
8 CEREBRAS SYSTEMS INC CBRS 15675D103 $7.5M 3.94% 42,432 SH
9 SPACE EXPLORATION TECHN CORP SPCX 84615Q103 $7.3M 3.83% 48,607 SH
10 ISHARES INC URTH 464286392 $4.0M 2.10% 19,507 SH
11 VANGUARD INTL EQUITY INDEX F VT 922042742 $3.9M 2.02% 24,522 SH
12 BERKSHIRE HATHAWAY INC DEL BRK.A 084670108 $3.7M 1.95% 5 SH
13 INTEL CORP Call INTC 458140100 $3.6M 1.89% 30,000 SH
14 FRESHWORKS INC FRSH 358054104 $2.7M 1.40% 209,845 SH
15 ISHARES TR IWR 464287499 $2.4M 1.24% 22,163 SH
16 META PLATFORMS INC META 30303M102 $2.3M 1.20% 3,161 SH
17 SPDR GOLD TR GLD 78463V107 $2.2M 1.16% 5,813 SH
18 CISCO SYS INC CSCO 17275R102 $2.2M 1.13% 20,000 SH
19 APPLE INC AAPL 037833100 $2.0M 1.06% 6,080 SH
20 BILL HOLDINGS INC BILL 090043100 $2.0M 1.05% 47,190 SH
21 NVIDIA CORPORATION NVDA 67066G104 $1.9M 0.98% 8,211 SH
22 BLACKLINE INC BL 09239B109 $1.8M 0.93% 67,183 SH
23 CEREBRAS SYSTEMS INC Put CBRS 15675D103 $1.8M 0.93% 10,000 SH
24 VANGUARD TAX-MANAGED FDS VEA 921943858 $1.7M 0.90% 24,333 SH
25 SELECT SECTOR SPDR TR XLV 81369Y209 $1.7M 0.89% 10,088 SH
26 VANGUARD INDEX FDS VB 922908751 $1.7M 0.87% 5,883 SH
27 CIRCLE INTERNET GROUP INC CRCL 172573107 $1.6M 0.86% 20,000 SH
28 SIMILARWEB LTD SMWB M84137104 $1.6M 0.85% 209,883 SH
29 HUBSPOT INC HUBS 443573100 $1.6M 0.84% 7,853 SH
30 TOAST INC TOST 888787108 $1.6M 0.83% 55,000 SH
31 ISHARES TR IVV 464287200 $1.6M 0.83% 2,070 SH
32 SALESFORCE INC CRM 79466L302 $1.6M 0.82% 6,841 SH
33 AMAZON COM INC AMZN 023135106 $1.4M 0.73% 5,585 SH
34 ISHARES TR AGG 464287226 $1.3M 0.67% 13,487 SH
35 WISDOMTREE TR WCLD 97717Y691 $1.2M 0.65% 30,408 SH
36 ENERGY TRANSFER L P ET 29273V100 $1.1M 0.58% 55,756 SH
37 SPROUT SOCIAL INC SPT 85209W109 $1.1M 0.57% 111,360 SH
38 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $1.1M 0.56% 2,161 SH
39 KRANESHARES TRUST KBA 500767405 $1.0M 0.55% 33,792 SH
40 MICROSOFT CORP MSFT 594918104 $958.6K 0.50% 1,869 SH
41 ENTERPRISE PRODS PARTNERS L EPD 293792107 $909.7K 0.48% 25,547 SH
42 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $898.7K 0.47% 1,970 SH
43 GOLDMAN SACHS GROUP INC GS 38141G104 $883.3K 0.46% 981 SH
44 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $875.1K 0.46% 4,207 SH
45 PFIZER INC PFE 717081103 $855.6K 0.45% 30,000 SH
46 ISHARES TR OEF 464287101 $839.5K 0.44% 2,197 SH
47 WORKDAY INC WDAY 98138H101 $824.9K 0.43% 4,331 SH
48 ISHARES TR ACWX 464288240 $811.6K 0.42% 10,733 SH
49 TAIWAN SEMICONDUCTOR MANUFAC Put TSM 874039100 $729.9K 0.38% 1,600 SH
50 SERVICENOW INC NOW 81762P102 $719.1K 0.38% 5,366 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-11-03 $191.3M 82 0001172661-26-004816
2026-06-30 2026-07-22 $232.1M 77 0001172661-26-002745
2026-03-31 2026-05-28 $161.1M 70 0001172661-26-002441
2025-12-31 2026-05-29 $157.8M 89 0001172661-26-002445
Filer Information
Address
345 CALIFORNIA ST
STE 600
SAN FRANCISCO, CA 94104
Phone
(415) 501-9987
Filing Manager
LAVELLE CAPITAL LP
SAN FRANCISCO, CA
Signatory
Sanjeev Rao
Managing Partner