9C
9823 Capital, L.P. 13F Holdings & Position Changes (Q2 2026)
9823 Capital, L.P.CIK: 0001982920
Concentrated strategySector-focusedMomentum follower
Total reported value
$148.1M
Reporting period: 2026-06-30 · Number of holdings: 33
9823 Capital, L.P. disclosed 33 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $148.1M and a quarterly turnover rate of 22.8%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 22.76
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 66
- Sizing Uniformity
- 65.61
9823 Capital, L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.378 — mathematically equivalent to about 3 equally-sized positions, well below its 33 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.44), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 5.3 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AAPL
-0.2% $10.7M
Add QQQ
0.0% $2.4M
Sold out EBAY
New buy FIX
New buy TRGP
Trim JPST
-12.8% -$325.1K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 59.60% | +1.02% | -0.24% | |
| 2 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 11.57% | +0.41% | +1.29% | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 7.57% | +0.94% | — | |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 3.92% | +0.11% | +0.14% | |
| 5 | ICSH | Ishares Ultra Short Duration | ETF-Other | 1.66% | -0.25% | -2.83% | |
| 6 | TBUX | T Rowe Price Ultra Short-ter | ETF-Other | 1.65% | -0.20% | -0.75% | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 1.64% | -0.18% | +0.06% | |
| 8 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 1.49% | -0.42% | -12.79% | |
| 9 | GSY | Invesco Ultra Short Duration | ETF-Other | 1.49% | -0.41% | -12.79% | |
| 10 | AFIF | Anfield Universal Fixed Inco | ETF-Other | 1.06% | -0.21% | -7.45% | |
| 11 | VRIG | Invesco Variable Rate Invest | ETF-Other | 1.03% | -0.24% | -9.48% | |
| 12 | CARY | Angel Oak Income ETF | ETF-Other | 0.99% | -0.24% | -9.76% | |
| 13 | CGMS | Cap Group US Multi-sect Bond | ETF-Other | 0.98% | -0.26% | -12.10% | |
| 14 | FIX | Comfort Systems USA Inc | Stock-Industrials | 0.42% | +0.42% | NEW | |
| 15 | TRGP | Targa Resources CORP | Stock-Energy | 0.42% | +0.42% | NEW | |
| 16 | PSX | Phillips 66 | Stock-Energy | 0.39% | +0.39% | NEW | |
| 17 | CAT | Caterpillar Inc | Stock-Industrials | 0.38% | +0.38% | NEW | |
| 18 | VRTX | Vertex Pharmaceuticals Inc | Stock-Healthcare | 0.37% | +0.37% | NEW | |
| 19 | ETN | Eaton Corporation plc | Stock-Industrials | 0.37% | +0.37% | NEW | |
| 20 | XBNYX | Blackrock New York Muni Inc | Stock-Other | 0.36% | +0.36% | NEW | |
| 21 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.36% | +0.36% | NEW | |
| 22 | BIIB | Biogen Inc | Stock-Healthcare | 0.36% | +0.36% | NEW | |
| 23 | MET | Metlife Inc | Stock-Financials | 0.36% | +0.36% | NEW | |
| 24 | LIN | Linde plc | Stock-Materials | 0.25% | -0.10% | -25.29% | |
| 25 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.24% | +0.24% | NEW | |
| 26 | GEV | GE Vernova Inc | Stock-Industrials | 0.21% | +0.21% | NEW | |
| 27 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.15% | +0.15% | NEW | |
| 28 | SPCK | Spac & New Issue ETF | ETF-Other | 0.15% | +0.15% | NEW | |
| 29 | ASML | ASML Holding N.V. | Stock-Tech | 0.15% | +0.15% | NEW | |
| 30 | LYV | Live Nation Entertainment In | Stock-Comm Services | 0.15% | +0.15% | NEW | |
| 31 | OPRX | Optimizerx CORP | Stock-Other | 0.09% | +0.10% | NEW | |
| 32 | PHR | Phreesia Inc | Stock-Other | 0.09% | +0.09% | NEW | |
| 33 | FVRR | Fiverr International Ltd. | Stock-Other | 0.08% | +0.08% | NEW |
Portfolio Performance
Performance for Q3 2026
+2%
Performance Last 4 Quarters
+18.8%
- Stdev
- +22.9%
- Beta
- +1.01
- Alpha
- +12.2%
- Max Drawdown
- -5.9%
- Annualized Perf
- +41.1%
- Batting Avg vs S&P
- +66.7%
- Sortino
- +3.83
- Stutzer
- +0.51
- Treynor
- +0.37
- Sterling
- —
- Calmar
- +6.94
- Information Ratio
- +0.95
- Tracking Error
- +13.1%
- Stdev Down
- +9.7%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.5
- Sharpe
- +1.62
- Stdev Sectors
- +25.8%
- Skewness
- -0.29
- Kurtosis
- -1.43
- Upside Potential
- +5.76
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
9823 Capital, L.P.'s most significant position changes for 2026-06-30: Sold out: Ebay Inc (EBAY); New buy: Comfort Systems USA Inc (FIX); New buy: Targa Resources CORP (TRGP); New buy: Phillips 66 (PSX); New buy: Caterpillar Inc (CAT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | +1% | -0.24% | Trim |
| 2 | QQQ | Invesco Qqq Trust Series 1 | +0.9% | — | Unchanged |
| 3 | FIX | Comfort Systems USA Inc | +0.4% | NEW | New buy |
| 4 | TRGP | Targa Resources CORP | +0.4% | NEW | New buy |
| 5 | AMZN | Amazon.com Inc | +0.4% | +1.29% | Add |
| 6 | PSX | Phillips 66 | +0.4% | NEW | New buy |
| 7 | CAT | Caterpillar Inc | +0.4% | NEW | New buy |
| 8 | VRTX | Vertex Pharmaceuticals Inc | +0.4% | NEW | New buy |
| 9 | ETN | Eaton Corporation plc | +0.4% | NEW | New buy |
| 10 | XBNYX | Blackrock New York Muni Inc | +0.4% | NEW | New buy |
| 11 | GS | Goldman Sachs Group Inc | +0.4% | NEW | New buy |
| 12 | BIIB | Biogen Inc | +0.4% | NEW | New buy |
| 13 | MET | Metlife Inc | +0.4% | NEW | New buy |
| 14 | VOO | Vanguard S&p 500 ETF | +0.2% | NEW | New buy |
| 15 | GEV | GE Vernova Inc | +0.2% | NEW | New buy |
| 16 | TSLA | Tesla Inc | +0.2% | NEW | New buy |
| 17 | SPCK | Spac & New Issue ETF | +0.2% | NEW | New buy |
| 18 | ASML | ASML Holding N.V. | +0.2% | NEW | New buy |
| 19 | LYV | Live Nation Entertainment In | +0.2% | NEW | New buy |
| 20 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +0.14% | Add |
| 21 | OPRX | Optimizerx CORP | +0.1% | NEW | New buy |
| 22 | PHR | Phreesia Inc | +0.1% | NEW | New buy |
| 23 | FVRR | Fiverr International Ltd. | +0.1% | NEW | New buy |
| 24 | LSAK | Lesaka Technologies Inc | -0.1% | EXIT | Sold out |
| 25 | LIN | Linde plc | -0.1% | -25.29% | Trim |
| 26 | SAIL | Sailpoint Inc | -0.1% | EXIT | Sold out |
| 27 | GCMG | Gcm Grosvenor Inc - Class A | -0.1% | EXIT | Sold out |
| 28 | PAGS | PagSeguro Digital Ltd. | -0.1% | EXIT | Sold out |
| 29 | LFST | Lifestance Health Group Inc | -0.1% | EXIT | Sold out |
| 30 | CCC | Ccc Intelligent Solutions Ho | -0.1% | EXIT | Sold out |
| 31 | ASAN | Asana Inc - Cl A | -0.1% | EXIT | Sold out |
| 32 | NMRK | Newmark Group Inc-class A | -0.1% | EXIT | Sold out |
| 33 | STGW | Stagwell Inc | -0.1% | EXIT | Sold out |
| 34 | PD | Pagerduty Inc | -0.1% | EXIT | Sold out |
| 35 | NPCE | Neuropace Inc | -0.1% | EXIT | Sold out |
| 36 | CXM | Sprinklr Inc-a | -0.1% | EXIT | Sold out |
| 37 | CRGY | Crescent Energy Inc-a | -0.1% | EXIT | Sold out |
| 38 | FRSH | Freshworks Inc-cl A | -0.1% | EXIT | Sold out |
| 39 | SBGI | Sinclair Inc | -0.1% | EXIT | Sold out |
| 40 | GTM | Zoominfo Technologies Inc | -0.1% | EXIT | Sold out |
| 41 | WT | Wisdomtree Inc | -0.1% | EXIT | Sold out |
| 42 | CTOS | Custom Truck One Source Inc | -0.1% | EXIT | Sold out |
| 43 | STNE | StoneCo Ltd. | -0.1% | EXIT | Sold out |
| 44 | FL8 | Flushing Financial CORP | -0.1% | EXIT | Sold out |
| 45 | CHWY | Chewy Inc - Class A | -0.2% | EXIT | Sold out |
| 46 | MU | Micron Technology Inc | -0.2% | EXIT | Sold out |
| 47 | VFC | Vf CORP | -0.2% | EXIT | Sold out |
| 48 | PLTR | Palantir Technologies Inc-a | -0.2% | EXIT | Sold out |
| 49 | GE | General Electric | -0.2% | EXIT | Sold out |
| 50 | DKNG | Draftkings Inc-cl A | -0.2% | EXIT | Sold out |
1–50 of 64
Filing History
FAQ
What is 9823 Capital, L.P. and what type of investor is it?
9823 Capital, L.P. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $148.1M, spread across 33 disclosed positions.
What are 9823 Capital, L.P.'s largest equity positions?
Based on the latest 13F filing, 9823 Capital, L.P.'s top holdings by market value are:
1. Apple Inc (AAPL) — $88.3M (59.6%)
2. Amazon.com Inc (AMZN) — $17.1M (11.6%)
3. Invesco Qqq Trust Series 1 (QQQ) — $11.2M (7.6%)
4. Ss Spdr S&p 500 ETF Trust-us (SPY) — $5.8M (3.9%)
5. Ishares Ultra Short Duration (ICSH) — $2.5M (1.7%)
What changes did 9823 Capital, L.P. make in its most recent portfolio filing?
In the latest reported quarter, 9823 Capital, L.P. made 63 notable position adjustments: 19 new positions were initiated, 3 existing holdings were added to, 10 positions were partially reduced, and 31 were completely exited. The largest of these moves: Sold out: Ebay Inc (EBAY); New buy: Comfort Systems USA Inc (FIX); New buy: Targa Resources CORP (TRGP); New buy: Phillips 66 (PSX); New buy: Caterpillar Inc (CAT)
What sectors does 9823 Capital, L.P. focus on?
9823 Capital, L.P. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 79.6%
• Consumer Discretionary: 15.2%
• Industrials: 1.8%
• Energy: 1.1%
• Health Care: 0.9%
• Financials: 0.9%
Investment Profile
9823 Capital, L.P. returned an annualized 41.1% over the trailing 6 months — outperforming the S&P 500 by 12.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.01 (roughly in line with the market) and a 67% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 79.6% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 23 over the past 2 quarters — a shift toward more active trading.
It has added to its SPY position for two straight quarters, increasing it by $825.9K to reach $5.8M.
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Developer Access
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