Avalon Capital Management

13F filer · CIK 0001510809

Reported Jul 16, 2026

Net buyer this quarter

13F portfolio value$423MU.S. long equity reported on 13F

Positions7711 new · 7 closed

Net flow last quarter+$24.3MBuys minus sells

Top 10 positions weight50.4%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 16, 202677 positions
GOOGLAlphabet Inc.	$53.9M	12.74%	0.00%	+10.7%	Q4 2015
SMHMarket Vectors ETF Trust	$31.5M	7.43%	Not reported	+2.7%	Q4 2014
GLDSPDR Gold Trust	$23.3M	5.50%	0.02%	+68.8%	Q2 2013
GOOGAlphabet Inc.	$22.7M	5.35%	Not reported	+0.8%	Q4 2015
CSCOCisco Systems, Inc.	$18M	4.25%	0.00%	Not reported	Q3 2018
LLYELI LILLY & Co	$16.4M	3.87%	0.00%	+80.0%	Q1 2022
AMZNAmazon Com Inc	$15.4M	3.63%	0.00%	+23.6%	Q1 2016
AAPLApple Inc.	$13.4M	3.16%	0.00%	Not reported	Q2 2013
EMBXEmbrex Inc	$10.9M	2.58%	Not reported	+30.2%	Q4 2025
REMXRemedytemp Inc	$8M	1.89%	Not reported	+4.7%	Q1 2018
SILGolden Minerals Co	$7.05M	1.66%	Not reported	+712.8%	Q2 2016
MSFTMicrosoft Corp	$5.19M	1.22%	0.00%	-0.2%	Q4 2013
CVXChevron Corp	$3.28M	0.77%	0.00%	-61.4%	Q2 2013
NVDANvidia Corp	$2.77M	0.65%	0.00%	-2.1%	Q1 2016
SLViShares Silver Trust	$2.71M	0.64%	0.01%	-0.7%	Q2 2013
GEVGE Vernova Inc.	$2.48M	0.59%	0.00%	-16.4%	Q3 2024
BRK.BBerkshire Hathaway Inc	$2.32M	0.55%	Not reported	-0.4%	Q3 2021
QQQInvesco QQQ Trust, Series 1	$2.11M	0.50%	Not reported	+20.3%	Q2 2018
AEMAgnico Eagle Mines Ltd	$1.97M	0.47%	0.00%	Not reported	Q4 2023
IAUIshares Gold Trust	$1.94M	0.46%	0.00%	-43.8%	Q4 2013
TSMTaiwan Semiconductor Manufacturing Co Ltd	$1.71M	0.40%	0.00%	+10.6%	Q4 2023
SPYSPDR S&P 500 ETF Trust	$1.6M	0.38%	Not reported	+27.2%	Q2 2013
ANETArista Networks, Inc.	$1.55M	0.37%	0.00%	+17.7%	Q4 2023
VVisa Inc.	$1.52M	0.36%	0.00%	+2.0%	Q4 2013
WPMWheaton Precious Metals Corp.	$1.32M	0.31%	0.00%	+208.6%	Q3 2024
LRCXLam Research Corp	$1.24M	0.29%	0.00%	+59.6%	Q1 2016
COSTCostco Wholesale Corp	$1.18M	0.28%	0.00%	Not reported	Q2 2024
ETEnergy Transfer LP	$1.15M	0.27%	0.00%	Not reported	Q3 2023
ORCLOracle Corp	$979K	0.23%	0.00%	-1.7%	Q2 2013
ULTAUlta Beauty, Inc.	$929K	0.22%	0.00%	+22.3%	Q3 2016
HEIHeico Corp	$929K	0.22%	0.00%	+6.4%	Q3 2023
CNQCANADIAN NATURAL RESOURCES Ltd	$874K	0.21%	0.00%	-16.6%	Q1 2025
AVGOBroadcom Inc.	$803K	0.19%	0.00%	+109.6%	Q1 2016
XOMExxonMobil Holdings Corp	$665K	0.16%	0.00%	+10.4%	Q2 2013
MPLXMPLX LP	$655K	0.15%	0.00%	Not reported	Q3 2023
BMOBank of Montreal	$605K	0.14%	0.00%	Not reported	Q1 2022
HLHecla Mining Co	$591K	0.14%	0.01%	+0.3%	Q3 2017
HODLVanEck Bitcoin ETF	$560K	0.13%	0.06%	-8.1%	Q4 2024
METAMeta Platforms, Inc.	$488K	0.12%	Not reported	-11.5%	Q2 2013
TXNTexas Instruments Inc	$481K	0.11%	0.00%	Not reported	Q4 2021
KMIKinder Morgan, Inc.	$480K	0.11%	0.00%	Not reported	Q3 2023
SCHWSchwab Charles Corp	$471K	0.11%	0.00%	0.0%	Q1 2015
CNICanadian National Railway Co	$463K	0.11%	0.00%	+13.9%	Q1 2026
ARMArm Holdings PLC	$425K	0.10%	0.00%	New	Q2 2026
GEGeneral Electric Co	$413K	0.10%	0.00%	-19.1%	Q4 2025
PLTRPalantir Technologies Inc.	$396K	0.09%	0.00%	Not reported	Q3 2024
TDGTransDigm Group INC	$368K	0.09%	0.00%	-1.4%	Q3 2023
DVADavita Inc.	$353K	0.08%	0.00%	-43.5%	Q1 2026
FCXFreeport-Mcmoran Inc	$348K	0.08%	0.00%	-0.9%	Q3 2013
APDAir Products & Chemicals, Inc.	$324K	0.08%	0.00%	Not reported	Q2 2024

Q1 2026Reported May 15, 202673 positions
GOOGLAlphabet Inc.	$39.2M	11.07%	0.00%	-1.7%	Q4 2015
GOOGAlphabet Inc.	$18.3M	5.15%	Not reported	-13.2%	Q4 2015
SMHMarket Vectors ETF Trust	$17.9M	5.05%	Not reported	-6.6%	Q4 2014
GLDSPDR Gold Trust	$16.1M	4.55%	0.01%	-14.3%	Q2 2013
CSCOCisco Systems, Inc.	$11.9M	3.36%	0.00%	-4.7%	Q3 2018
AAPLApple Inc.	$11.7M	3.31%	0.00%	-15.1%	Q2 2013
AMZNAmazon Com Inc	$10.9M	3.07%	0.00%	-6.7%	Q1 2016
CVXChevron Corp	$10.6M	2.99%	0.00%	+3557.1%	Q2 2013
EMBXEmbrex Inc	$8.2M	2.31%	Not reported	-14.1%	Q4 2025
REMXRemedytemp Inc	$7.59M	2.14%	Not reported	-7.1%	Q1 2018
LLYELI LILLY & Co	$6.97M	1.97%	0.00%	-46.7%	Q1 2022
MSFTMicrosoft Corp	$5.15M	1.45%	0.00%	-27.4%	Q4 2013
AMGNAmgen Inc	$4.35M	1.23%	0.00%	-57.3%	Q1 2016
IAUIshares Gold Trust	$4.03M	1.14%	0.01%	-13.4%	Q4 2013
SLViShares Silver Trust	$3.47M	0.98%	0.01%	-40.8%	Q2 2013
FDXFedex Corp	$3.09M	0.87%	0.00%	Not reported	Q3 2016
AEMAgnico Eagle Mines Ltd	$2.58M	0.73%	0.00%	-15.0%	Q4 2023
NVDANvidia Corp	$2.46M	0.70%	0.00%	-3.8%	Q1 2016
BRK.BBerkshire Hathaway Inc	$2.23M	0.63%	Not reported	-17.5%	Q3 2021
GEVGE Vernova Inc.	$2.21M	0.62%	0.00%	-14.2%	Q3 2024
QQQInvesco QQQ Trust, Series 1	$1.38M	0.39%	Not reported	-31.4%	Q2 2018
VVisa Inc.	$1.31M	0.37%	0.00%	-30.1%	Q4 2013
CNQCANADIAN NATURAL RESOURCES Ltd	$1.29M	0.37%	0.00%	+24.9%	Q1 2025
COSTCostco Wholesale Corp	$1.25M	0.35%	0.00%	Not reported	Q2 2024
ETEnergy Transfer LP	$1.16M	0.33%	0.00%	Not reported	Q3 2023
TSMTaiwan Semiconductor Manufacturing Co Ltd	$1.09M	0.31%	0.00%	-2.5%	Q4 2023
SPYSPDR S&P 500 ETF Trust	$1.09M	0.31%	Not reported	-32.0%	Q2 2013
SILGolden Minerals Co	$1.01M	0.28%	Not reported	-10.5%	Q2 2016
ORCLOracle Corp	$1M	0.28%	0.00%	-14.2%	Q2 2013
ANETArista Networks, Inc.	$949K	0.27%	0.00%	-10.9%	Q4 2023
ULTAUlta Beauty, Inc.	$880K	0.25%	0.00%	Not reported	Q3 2016
XOMExxonMobil Holdings Corp	$748K	0.21%	0.00%	+3.6%	Q2 2013
HLHecla Mining Co	$712K	0.20%	0.01%	-2.1%	Q3 2017
HODLVanEck Bitcoin ETF	$703K	0.20%	0.06%	-79.9%	Q4 2024
HEIHeico Corp	$672K	0.19%	0.00%	-55.5%	Q3 2023
MPLXMPLX LP	$664K	0.19%	0.00%	Not reported	Q3 2023
NFLXNetflix Inc	$606K	0.17%	0.00%	Not reported	Q1 2017
METAMeta Platforms, Inc.	$560K	0.16%	Not reported	-6.7%	Q2 2013
KMIKinder Morgan, Inc.	$503K	0.14%	0.00%	Not reported	Q3 2023
WPMWheaton Precious Metals Corp.	$498K	0.14%	0.00%	Not reported	Q3 2024
PLTRPalantir Technologies Inc.	$497K	0.14%	0.00%	-35.4%	Q3 2024
SCHWSchwab Charles Corp	$480K	0.14%	0.00%	-7.7%	Q1 2015
BMOBank of Montreal	$464K	0.13%	0.00%	Not reported	Q1 2022
DVADavita Inc.	$432K	0.12%	0.00%	New	Q1 2026
RGLDRoyal Gold Inc	$431K	0.12%	0.00%	Not reported	Q4 2025
BPBP PLC	$407K	0.11%	Not reported	Not reported	Q2 2025
GEGeneral Electric Co	$387K	0.11%	0.00%	-33.7%	Q4 2025
LRCXLam Research Corp	$383K	0.11%	0.00%	-3.6%	Q1 2016
PAASPan American Silver Corp	$382K	0.11%	0.00%	Not reported	Q4 2016
CNICanadian National Railway Co	$351K	0.10%	0.00%	New	Q1 2026

Q4 2025Reported Feb 11, 202682 positions
GOOGLAlphabet Inc.	$43.4M	10.38%	0.00%	-5.8%	Q4 2015
GOOGAlphabet Inc.	$23M	5.50%	Not reported	-1.3%	Q4 2015
SMHMarket Vectors ETF Trust	$18M	4.31%	Not reported	+21.2%	Q4 2014
GLDSPDR Gold Trust	$17.3M	4.15%	0.01%	-1.5%	Q2 2013
LLYELI LILLY & Co	$15.3M	3.66%	0.00%	+172.5%	Q1 2022
AAPLApple Inc.	$14.8M	3.54%	0.00%	-0.1%	Q2 2013
AMZNAmazon Com Inc	$12.9M	3.09%	0.00%	-9.4%	Q1 2016
CSCOCisco Systems, Inc.	$12.4M	2.96%	0.00%	0.0%	Q3 2018
EMBXEmbrex Inc	$9.64M	2.31%	Not reported	New	Q4 2025
AMGNAmgen Inc	$9.46M	2.26%	0.01%	Not reported	Q1 2016
FXFInvesco CurrencyShares Swiss Franc Trust	$9.35M	2.24%	2.36%	+440.9%	Q2 2025
MSFTMicrosoft Corp	$9.28M	2.22%	0.00%	+0.7%	Q4 2013
REMXRemedytemp Inc	$6.86M	1.64%	Not reported	+3.4%	Q1 2018
SLViShares Silver Trust	$5.55M	1.33%	0.02%	+84.3%	Q2 2013
HODLVanEck Bitcoin ETF	$4.52M	1.08%	0.28%	-26.5%	Q4 2024
IAUIshares Gold Trust	$4.28M	1.02%	0.01%	+7.0%	Q4 2013
TDGTransDigm Group INC	$3.7M	0.89%	0.00%	+309.1%	Q3 2023
BRK.BBerkshire Hathaway Inc	$2.83M	0.68%	Not reported	-70.1%	Q3 2021
NVDANvidia Corp	$2.74M	0.66%	0.00%	0.0%	Q1 2016
AEMAgnico Eagle Mines Ltd	$2.54M	0.61%	0.00%	Not reported	Q4 2023
VVisa Inc.	$2.18M	0.52%	0.00%	+6.3%	Q4 2013
QQQInvesco QQQ Trust, Series 1	$2.14M	0.51%	Not reported	+41.4%	Q2 2018
GEVGE Vernova Inc.	$1.93M	0.46%	0.00%	+27.4%	Q3 2024
HEIHeico Corp	$1.78M	0.43%	0.01%	+5.6%	Q3 2023
SPYSPDR S&P 500 ETF Trust	$1.68M	0.40%	Not reported	+59.6%	Q2 2013
ORCLOracle Corp	$1.54M	0.37%	0.00%	Not reported	Q2 2013
ANETArista Networks, Inc.	$1.14M	0.27%	0.00%	Not reported	Q4 2023
COSTCostco Wholesale Corp	$1.08M	0.26%	0.00%	+0.8%	Q2 2024
SILGolden Minerals Co	$1.04M	0.25%	Not reported	+6.3%	Q2 2016
ULTAUlta Beauty, Inc.	$1.02M	0.24%	0.00%	-16.8%	Q3 2016
TSMTaiwan Semiconductor Manufacturing Co Ltd	$1.01M	0.24%	0.00%	+27.4%	Q4 2023
ETEnergy Transfer LP	$989K	0.24%	0.00%	Not reported	Q3 2023
PLTRPalantir Technologies Inc.	$934K	0.22%	0.00%	+1.9%	Q3 2024
BXBlackstone Inc.	$820K	0.20%	0.00%	Not reported	Q3 2021
BBarrick Mining Corp	$766K	0.18%	0.00%	Not reported	Q2 2025
HLHecla Mining Co	$748K	0.18%	0.01%	Not reported	Q3 2017
CNQCANADIAN NATURAL RESOURCES Ltd	$720K	0.17%	0.00%	+36.3%	Q1 2025
METAMeta Platforms, Inc.	$692K	0.17%	Not reported	-36.2%	Q2 2013
IBITiShares Bitcoin Trust ETF	$656K	0.16%	0.00%	Not reported	Q4 2024
JNJJohnson & Johnson	$636K	0.15%	0.00%	+3.9%	Q4 2015
GEGeneral Electric Co	$634K	0.15%	0.00%	New	Q4 2025
MPLXMPLX LP	$621K	0.15%	0.00%	Not reported	Q3 2023
NFLXNetflix Inc	$591K	0.14%	0.00%	Not reported	Q1 2017
SCHWSchwab Charles Corp	$553K	0.13%	0.00%	-1.6%	Q1 2015
FXEInvesco CurrencyShares Euro Trust	$538K	0.13%	0.11%	New	Q4 2025
XOMExxonMobil Holdings Corp	$512K	0.12%	0.00%	Not reported	Q2 2013
JPMJPMorgan Chase & Co	$511K	0.12%	0.00%	Not reported	Q4 2013
WPMWheaton Precious Metals Corp.	$447K	0.11%	0.00%	Not reported	Q3 2024
BMOBank of Montreal	$445K	0.11%	0.00%	Not reported	Q1 2022
KMIKinder Morgan, Inc.	$412K	0.10%	0.00%	Not reported	Q3 2023

Q3 2025Reported Oct 22, 202577 positions
GOOGLAlphabet Inc.	$35.8M	8.77%	0.00%	-2.6%	Q4 2015
GOOGAlphabet Inc.	$18.1M	4.43%	Not reported	-4.1%	Q4 2015
GLDSPDR Gold Trust	$15.8M	3.87%	0.01%	-1.9%	Q2 2013
AAPLApple Inc.	$13.9M	3.40%	0.00%	+1.6%	Q2 2013
AMZNAmazon Com Inc	$13.6M	3.33%	0.00%	-4.8%	Q1 2016
SMHMarket Vectors ETF Trust	$13.5M	3.30%	Not reported	-0.8%	Q4 2014
CSCOCisco Systems, Inc.	$11M	2.70%	0.00%	Not reported	Q3 2018
MSFTMicrosoft Corp	$9.87M	2.42%	0.00%	-1.6%	Q4 2013
BRK.BBerkshire Hathaway Inc	$9.47M	2.32%	Not reported	+106.5%	Q3 2021
HODLVanEck Bitcoin ETF	$8.05M	1.97%	0.39%	-0.3%	Q4 2024
REMXRemedytemp Inc	$5.91M	1.45%	Not reported	Not reported	Q1 2018
LLYELI LILLY & Co	$3.98M	0.98%	0.00%	Not reported	Q1 2022
IAUIshares Gold Trust	$3.59M	0.88%	0.01%	+7.0%	Q4 2013
NVDANvidia Corp	$2.74M	0.67%	0.00%	+2.9%	Q1 2016
AEMAgnico Eagle Mines Ltd	$2.53M	0.62%	0.00%	Not reported	Q4 2023
ORCLOracle Corp	$2.23M	0.55%	0.00%	-9.5%	Q2 2013
VVisa Inc.	$1.99M	0.49%	0.00%	+4.6%	Q4 2013
SLViShares Silver Trust	$1.98M	0.49%	0.01%	-1.3%	Q2 2013
FXFInvesco CurrencyShares Swiss Franc Trust	$1.72M	0.42%	0.44%	-0.9%	Q2 2025
HEIHeico Corp	$1.68M	0.41%	0.01%	+33.9%	Q3 2023
QQQInvesco QQQ Trust, Series 1	$1.48M	0.36%	Not reported	+17.7%	Q2 2018
GEVGE Vernova Inc.	$1.42M	0.35%	0.00%	+6.3%	Q3 2024
ANETArista Networks, Inc.	$1.26M	0.31%	0.00%	-6.2%	Q4 2023
METAMeta Platforms, Inc.	$1.21M	0.30%	Not reported	-1.6%	Q2 2013
COSTCostco Wholesale Corp	$1.15M	0.28%	0.00%	-17.4%	Q2 2024
ULTAUlta Beauty, Inc.	$1.11M	0.27%	0.00%	Not reported	Q3 2016
SPYSPDR S&P 500 ETF Trust	$1.03M	0.25%	Not reported	+14.0%	Q2 2013
ETEnergy Transfer LP	$1.03M	0.25%	0.00%	Not reported	Q3 2023
PLTRPalantir Technologies Inc.	$940K	0.23%	0.00%	-36.3%	Q3 2024
BXBlackstone Inc.	$909K	0.22%	0.00%	Not reported	Q3 2021
TDGTransDigm Group INC	$896K	0.22%	0.00%	+12.2%	Q3 2023
SILGolden Minerals Co	$842K	0.21%	Not reported	Not reported	Q2 2016
NFLXNetflix Inc	$755K	0.19%	0.00%	-5.0%	Q1 2017
TSMTaiwan Semiconductor Manufacturing Co Ltd	$728K	0.18%	0.00%	+16.8%	Q4 2023
RSGRepublic Services, Inc.	$725K	0.18%	0.00%	+184.5%	Q1 2024
AXPAmerican Express Co	$642K	0.16%	0.00%	-4.2%	Q4 2013
MPLXMPLX LP	$581K	0.14%	0.00%	Not reported	Q3 2023
BBarrick Mining Corp	$577K	0.14%	0.00%	Not reported	Q2 2025
JNJJohnson & Johnson	$549K	0.13%	0.00%	Not reported	Q4 2015
SCHWSchwab Charles Corp	$538K	0.13%	0.00%	-0.8%	Q1 2015
JPMJPMorgan Chase & Co	$501K	0.12%	0.00%	Not reported	Q4 2013
CNQCANADIAN NATURAL RESOURCES Ltd	$498K	0.12%	0.00%	+35.5%	Q1 2025
HLHecla Mining Co	$472K	0.12%	0.01%	Not reported	Q3 2017
BMOBank of Montreal	$446K	0.11%	0.00%	Not reported	Q1 2022
MRSHMarsh & Mclennan Companies, Inc.	$445K	0.11%	0.00%	Not reported	Q2 2016
CPNGCoupang, Inc.	$440K	0.11%	Not reported	+83.2%	Q2 2025
WPMWheaton Precious Metals Corp.	$425K	0.10%	0.00%	Not reported	Q3 2024
KMIKinder Morgan, Inc.	$425K	0.10%	0.00%	Not reported	Q3 2023
AONAon plc	$399K	0.10%	0.00%	+69.7%	Q2 2025
AVGOBroadcom Inc.	$345K	0.08%	0.00%	+7.0%	Q1 2016

Premium opens every quarter this fund has filed