AP
Agate Pass Investment Management, LLC Quarterly 13F Portfolio Update (Q2 2026)
Agate Pass Investment Management, LLCCIK: 0001900409
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$271.2M
Reporting period: 2026-06-30 · Number of holdings: 109
Agate Pass Investment Management, LLC disclosed 109 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $271.2M and a quarterly turnover rate of 14.3%.
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Personality snowflake
- Concentration
- 9.86
- Portfolio Stability
- 14.32
- Momentum
- 100
- Sector conviction
- 47.49
- Diversification
- 100
- Sizing Uniformity
- 86.95
Agate Pass Investment Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.025 — mathematically equivalent to about 41 equally-sized positions, well below its 109 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 1.30), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 65% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AMAT
-6.5% $2.5M
Add XLK
+5.1% $2.3M
Trim ABBV
-19.0% -$917.4K
Add VOO
+6.9% $2.4M
Add CSCO
-9.8% $1.8M
Trim CVX
-23.4% -$1.1M
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 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 5.76% | +0.24% | -10.88% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 5.04% | -0.01% | -6.98% | |
| 3 | ABBV | Abbvie Inc | Stock-Healthcare | 5.04% | -0.67% | -19.01% | |
| 4 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 4.83% | +0.66% | +6.89% | |
| 5 | VB | Vanguard Small-cap ETF | ETF-Other | 4.61% | +0.29% | -2.06% | |
| 6 | VUG | Vanguard Growth ETF | ETF-Other | 3.60% | -0.12% | +421.04% | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 3.56% | -0.36% | -4.47% | |
| 8 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 3.07% | +0.08% | -2.24% | |
| 9 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.89% | -0.16% | -9.49% | |
| 10 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.60% | +0.12% | -2.86% | |
| 11 | XLK | Ss Technology Select Sector | ETF-Tech | 2.53% | +0.75% | +5.14% | |
| 12 | JNJ | Johnson & Johnson | Stock-Healthcare | 2.49% | -0.12% | -2.77% | |
| 13 | CSCO | Cisco Systems Inc | Stock-Tech | 2.46% | +0.55% | -9.85% | |
| 14 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-Other | 2.05% | +0.47% | +38.39% | |
| 15 | IGIB | Ishares 5-10y Inv Grade CORP | ETF-Corp Bonds | 1.97% | +0.22% | +19.51% | |
| 16 | AMAT | Applied Materials Inc | Stock-Tech | 1.85% | +0.86% | -6.45% | |
| 17 | ICSH | Ishares Ultra Short Duration | ETF-Other | 1.69% | +0.01% | +7.19% | |
| 18 | ABT | Abbott Laboratories | Stock-Healthcare | 1.69% | -0.31% | +1.20% | |
| 19 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.56% | +0.21% | -0.51% | |
| 20 | RTX | Rtx CORP | Stock-Industrials | 1.41% | -0.27% | -9.69% | |
| 21 | MA | Mastercard Inc - A | Stock-Financials | 1.30% | -0.04% | +0.04% | |
| 22 | TXN | Texas Instruments Inc | Stock-Tech | 1.28% | +0.33% | -7.45% | |
| 23 | HUBB | Hubbell Inc | Stock-Industrials | 1.22% | -0.04% | -3.00% | |
| 24 | CPAY | Corpay Inc | Stock-Tech | 1.14% | +0.06% | -1.69% | |
| 25 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 1.09% | +0.02% | +8.57% | |
| 26 | PEP | Pepsico Inc | Stock-Consumer Staples | 1.06% | -0.25% | -1.73% | |
| 27 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 1.02% | -0.17% | -2.37% | |
| 28 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.00% | -0.25% | -9.51% | |
| 29 | PLD | Prologis Inc | Stock-Real Estate | 1.00% | -0.07% | -3.79% | |
| 30 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 0.94% | -0.05% | -16.71% | |
| 31 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.92% | +0.04% | -3.20% | |
| 32 | DHR | Danaher CORP | Stock-Healthcare | 0.88% | -0.10% | -4.36% | |
| 33 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.86% | -0.02% | -1.36% | |
| 34 | WRB | Wr Berkley CORP | Stock-Financials | 0.83% | -0.03% | -4.05% | |
| 35 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.81% | -0.05% | -2.19% | |
| 36 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 0.75% | +0.03% | +11.53% | |
| 37 | XOM | Exxon Mobil CORP | Stock-Energy | 0.74% | -0.40% | -14.10% | |
| 38 | WELL | Welltower Inc | Stock-Real Estate | 0.74% | +0.06% | — | |
| 39 | TRV | Travelers Cos Inc/the | Stock-Financials | 0.73% | +0.04% | — | |
| 40 | ORCL | Oracle CORP | Stock-Tech | 0.72% | -0.08% | -3.08% | |
| 41 | V | Visa Inc-class A Shares | Stock-Financials | 0.71% | +0.04% | -0.85% | |
| 42 | ENB | Enbridge Inc | Stock-Energy | 0.69% | -0.11% | -7.84% | |
| 43 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 0.68% | -0.04% | -3.88% | |
| 44 | CVX | Chevron CORP | Stock-Energy | 0.67% | -0.49% | -23.41% | |
| 45 | IBM | Intl Business Machines CORP | Stock-Tech | 0.66% | -0.04% | -13.53% | |
| 46 | ROK | Rockwell Automation Inc | Stock-Industrials | 0.66% | +0.06% | -15.19% | |
| 47 | ADP | Automatic Data Processing | Stock-Tech | 0.64% | -0.03% | -7.04% | |
| 48 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.63% | +0.13% | +31.75% | |
| 49 | APD | Air Products & Chemicals Inc | Stock-Materials | 0.62% | -0.09% | -7.23% | |
| 50 | NVS | Novartis Ag-sponsored Adr | Stock-Healthcare | 0.57% | -0.02% | — |
1–50 of 109
Portfolio Performance
Performance for Q3 2026
+4.7%
Performance Last 4 Quarters
+18.2%
- Stdev
- +10.5%
- Beta
- +0.75
- Alpha
- +0.5%
- Max Drawdown
- -6.3%
- Annualized Perf
- +16.1%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.72
- Stutzer
- +0.42
- Treynor
- +0.21
- Sterling
- +1.08
- Calmar
- +2.57
- Information Ratio
- -0.88
- Tracking Error
- +5%
- Stdev Down
- +5.7%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +28.9%
- Worst 12 Months
- +7.4%
- Efficiency Ratio
- +0.56
- Sharpe
- +1.48
- Stdev Sectors
- +7.8%
- Skewness
- -0.36
- Kurtosis
- -0.32
- Upside Potential
- +4.28
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 109 | $271.2M | 14 | ||
| 2026 Q1 | 105 | $255.5M | 16 | ||
| 2025 Q4 | 106 | $269.2M | 12 | ||
| 2025 Q3 | 103 | $262.8M | 25 | ||
| 2025 Q2 | 107 | $243.5M | 0 | ||
| 2025 Q1 | 107 | $233.8M | 0 | ||
| 2024 Q4 | 107 | $221.2M | 0 | ||
| 2024 Q3 | 94 | $200.4M | 0 | ||
| 2024 Q2 | 94 | $188.0M | 0 | ||
| 2024 Q1 | 95 | $186.4M | 0 | ||
| 2023 Q4 | 97 | $172.5M | 0 | ||
| 2023 Q3 | 84 | $147.6M | 0 | ||
| 2023 Q2 | 93 | $164.8M | 0 | ||
| 2023 Q1 | 94 | $152.9M | 0 | ||
| 2022 Q4 | 94 | $141.4M | 0 | ||
| 2022 Q3 | 89 | $131.1M | 0 | ||
| 2022 Q2 | 92 | $142.0M | 0 | ||
| 2022 Q1 | 93 | $160.2M | 0 | ||
| 2021 Q4 | 99 | $160.8M | 0 |
* 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
Agate Pass Investment Management, LLC's most significant position changes for 2026-06-30: New buy: Schwab US Large-cap Growth (SCHG); Sold out: Novo-nordisk A/s-spons Adr (NVO); New buy: Cvs Health CORP (CVS); New buy: Vanguard S&p 500 Growth ETF (VOOG); New buy: F5 Inc (FFIV).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMAT | Applied Materials Inc | +0.9% | -6.45% | Trim |
| 2 | XLK | Ss Technology Select Sector | +0.8% | +5.14% | Add |
| 3 | VOO | Vanguard S&p 500 ETF | +0.7% | +6.89% | Add |
| 4 | CSCO | Cisco Systems Inc | +0.6% | -9.85% | Trim |
| 5 | IGSB | Ishares 1-5y Inv Grade CORP | +0.5% | +38.39% | Add |
| 6 | TXN | Texas Instruments Inc | +0.3% | -7.45% | Trim |
| 7 | VB | Vanguard Small-cap ETF | +0.3% | -2.06% | Trim |
| 8 | GOOGL | Alphabet Inc-cl A | +0.2% | -10.88% | Trim |
| 9 | IGIB | Ishares 5-10y Inv Grade CORP | +0.2% | +19.51% | Add |
| 10 | GOOG | Alphabet Inc-cl C | +0.2% | -0.51% | Trim |
| 11 | VTEB | Vanguard Tax-exempt Bond ETF | +0.1% | +31.75% | Add |
| 12 | AMZN | Amazon.com Inc | +0.1% | -2.86% | Trim |
| 13 | MAR | Marriott International -cl A | +0.1% | +22.37% | Add |
| 14 | SCHG | Schwab US Large-cap Growth | +0.1% | NEW | New buy |
| 15 | CVS | Cvs Health CORP | +0.1% | NEW | New buy |
| 16 | VOOG | Vanguard S&p 500 Growth ETF | +0.1% | NEW | New buy |
| 17 | FFIV | F5 Inc | +0.1% | NEW | New buy |
| 18 | GWW | Ww Grainger Inc | +0.1% | NEW | New buy |
| 19 | SUB | Ishares Short-term National | +0.1% | NEW | New buy |
| 20 | VEU | Vanguard Ftse All-world Ex-u | +0.1% | -2.24% | Trim |
| 21 | NTRS | Northern Trust CORP | +0.1% | — | Unchanged |
| 22 | UNH | Unitedhealth Group Inc | +0.1% | -0.85% | Trim |
| 23 | IJR | Ishares Core S&p Small-cap E | +0.1% | NEW | New buy |
| 24 | VOT | Vanguard Mid-cap Growth ETF | +0.1% | NEW | New buy |
| 25 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | +5.11% | Add |
| 26 | CPAY | Corpay Inc | +0.1% | -1.69% | Trim |
| 27 | ROK | Rockwell Automation Inc | +0.1% | -15.19% | Trim |
| 28 | WELL | Welltower Inc | +0.1% | — | Unchanged |
| 29 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | -3.20% | Trim |
| 30 | TRV | Travelers Cos Inc/the | 0% | — | Unchanged |
| 31 | V | Visa Inc-class A Shares | 0% | -0.85% | Trim |
| 32 | IVV | Ishares Core S&p 500 ETF | 0% | +2.88% | Add |
| 33 | VCIT | Vanguard Int-term Corporate | 0% | +11.53% | Add |
| 34 | IWM | Ishares Russell 2000 ETF | 0% | -3.19% | Trim |
| 35 | VTI | Vanguard Total Stock Mkt ETF | 0% | — | Unchanged |
| 36 | VBK | Vanguard Small-cap Grwth ETF | 0% | — | Unchanged |
| 37 | VCSH | Vanguard S/t CORP Bond ETF | 0% | +8.57% | Add |
| 38 | SBUX | Starbucks CORP | 0% | -4.10% | Trim |
| 39 | XLF | Ss Financial Select Sector | 0% | +11.82% | Add |
| 40 | VEA | Vanguard Ftse Developed ETF | 0% | +11.36% | Add |
| 41 | ICSH | Ishares Ultra Short Duration | 0% | +7.19% | Add |
| 42 | VBR | Vanguard Small-cap Value ETF | 0% | — | Unchanged |
| 43 | XLY | Ss Consumer Disc Select Sect | 0% | -0.57% | Trim |
| 44 | JPST | Jpmorgan Ultra-short Income | 0% | +8.30% | Add |
| 45 | SYY | Sysco CORP | 0% | -4.94% | Trim |
| 46 | AXP | American Express Co | 0% | — | Unchanged |
| 47 | PRU | Prudential Financial Inc | 0% | — | Unchanged |
| 48 | WWD | Woodward Inc | — | -10.39% | Trim |
| 49 | VIG | Vanguard Dividend Apprec ETF | — | -3.56% | Trim |
| 50 | MRK | Merck & Co. Inc. | — | — | Unchanged |
1–50 of 113
Filing History
FAQ
What is Agate Pass Investment Management, LLC and what type of investor is it?
Agate Pass Investment Management, LLC 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 $271.2M, spread across 109 disclosed positions.
What are Agate Pass Investment Management, LLC's largest equity positions?
Based on the latest 13F filing, Agate Pass Investment Management, LLC's top holdings by market value are:
1. Alphabet Inc-cl A (GOOGL) — $15.6M (5.8%)
2. Apple Inc (AAPL) — $13.7M (5.0%)
3. Abbvie Inc (ABBV) — $13.7M (5.0%)
4. Vanguard S&p 500 ETF (VOO) — $13.1M (4.8%)
5. Vanguard Small-cap ETF (VB) — $12.5M (4.6%)
What changes did Agate Pass Investment Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Agate Pass Investment Management, LLC made 94 notable position adjustments: 8 new positions were initiated, 17 existing holdings were added to, 65 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: Schwab US Large-cap Growth (SCHG); Sold out: Novo-nordisk A/s-spons Adr (NVO); New buy: Cvs Health CORP (CVS); New buy: Vanguard S&p 500 Growth ETF (VOOG); New buy: F5 Inc (FFIV)
What sectors does Agate Pass Investment Management, LLC focus on?
Agate Pass Investment Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 27.1%
• Health Care: 18.9%
• Financials: 14.3%
• Communication Services: 11.6%
• Consumer Discretionary: 7.6%
• Industrials: 6.8%
Investment Profile
Agate Pass Investment Management, LLC returned an annualized 16.1% over the trailing 36 months — outperforming the S&P 500 by 0.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.75 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its VOO position over the past two quarters (+$6.7M, now $13.1M), while trimming ORCL over the same stretch (-$4.3M, still holding $2.0M).
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