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Alethea Capital Management, LLC 13F Filings Tracker & Latest Positions (Q2 2026)
Alethea Capital Management, LLCCIK: 0001549408
Concentrated strategySector-focusedMomentum follower
Total reported value
$241.4M
Reporting period: 2026-06-30 · Number of holdings: 41
ALETHEA CAPITAL MANAGEMENT, LLC disclosed 41 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $241.4M and a quarterly turnover rate of 56.2%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 56.16
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 82
- Sizing Uniformity
- 57.31
Alethea Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.458 — mathematically equivalent to about 2 equally-sized positions, well below its 41 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 4.27), 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 2.9 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.govTrim BIL
-49.3% -$28.9M
Add AXSM
-0.1% $49.1M
Sold out SPY
Add KURA
+41.8% $11.3M
Add IMRX
+1962.1% $2.2M
New buy VTRS
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 | AXSM | Axsome Therapeutics Inc | Stock-Healthcare | 65.78% | +9.50% | -0.06% | |
| 2 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 12.32% | -17.77% | -49.30% | |
| 3 | KURA | Kura Oncology Inc | Stock-Other | 9.85% | +3.47% | +41.75% | |
| 4 | IMRX | Immuneering CORP - Class A | Stock-Other | 0.98% | +0.92% | +1962.07% | |
| 5 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 0.76% | -0.26% | -6.81% | |
| 6 | TEM | Tempus Ai Inc-cl A | Stock-Healthcare | 0.76% | +0.03% | — | |
| 7 | VTRS | Viatris Inc | Stock-Healthcare | 0.52% | +0.52% | NEW | |
| 8 | PM | Philip Morris International | Stock-Consumer Staples | 0.51% | +0.51% | NEW | |
| 9 | ADP | Automatic Data Processing | Stock-Tech | 0.51% | +0.51% | NEW | |
| 10 | WMB | Williams Cos Inc | Stock-Energy | 0.47% | +0.47% | NEW | |
| 11 | DRI | Darden Restaurants Inc | Stock-Consumer Disc | 0.46% | +0.46% | NEW | |
| 12 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.45% | +0.45% | NEW | |
| 13 | ED | Consolidated Edison Inc | Stock-Utilities | 0.45% | +0.45% | NEW | |
| 14 | CVX | Chevron CORP | Stock-Energy | 0.40% | +0.40% | NEW | |
| 15 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.39% | +0.39% | NEW | |
| 16 | ES | Eversource Energy | Stock-Utilities | 0.39% | +0.39% | NEW | |
| 17 | WY | Weyerhaeuser Co | Stock-Real Estate | 0.38% | +0.38% | NEW | |
| 18 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.38% | +0.38% | NEW | |
| 19 | T | At&t Inc | Stock-Comm Services | 0.37% | +0.37% | NEW | |
| 20 | STZ | Constellation Brands Inc-a | Stock-Consumer Staples | 0.35% | +0.35% | NEW | |
| 21 | BR | Broadridge Financial Solutio | Stock-Tech | 0.35% | +0.35% | NEW | |
| 22 | PNC | Pnc Financial Services Group | Stock-Financials | 0.33% | +0.33% | NEW | |
| 23 | HRL | Hormel Foods CORP | Stock-Consumer Staples | 0.29% | +0.29% | NEW | |
| 24 | XOM | Exxon Mobil CORP | Stock-Energy | 0.25% | +0.25% | NEW | |
| 25 | RNA | Atrium Therapeutics Inc | Stock-Other | 0.24% | -0.06% | — | |
| 26 | SYY | Sysco CORP | Stock-Consumer Staples | 0.24% | +0.24% | NEW | |
| 27 | WFC | Wells Fargo & Co | Stock-Financials | 0.21% | -0.04% | — | |
| 28 | OKE | Oneok Inc | Stock-Energy | 0.19% | +0.19% | NEW | |
| 29 | BG | Bunge Global SA | Stock-Consumer Staples | 0.18% | +0.18% | NEW | |
| 30 | HEDJ | Wisdomtree Europe Hedged Equ | ETF-Other | 0.17% | -0.03% | -3.57% | |
| 31 | MOS | Mosaic Co/the | Stock-Materials | 0.16% | +0.16% | NEW | |
| 32 | HSY | Hershey Co/the | Stock-Consumer Staples | 0.15% | +0.15% | NEW | |
| 33 | EXE | Expand Energy CORP | Stock-Energy | 0.14% | +0.14% | NEW | |
| 34 | AWK | American Water Works Co Inc | Stock-Utilities | 0.12% | +0.12% | NEW | |
| 35 | ECPG | Encore Capital Group Inc | Stock-Other | 0.11% | +0.11% | NEW | |
| 36 | MCHP | Microchip Technology Inc | Stock-Tech | 0.10% | +0.10% | NEW | |
| 37 | ACN | Accenture plc | Stock-Tech | 0.10% | +0.10% | NEW | |
| 38 | SJM | Jm Smucker Co/the | Stock-Consumer Staples | 0.09% | +0.09% | NEW | |
| 39 | GPK | Graphic Packaging Holding Co | Stock-Consumer Disc | 0.07% | -0.01% | — | |
| 40 | ✓ | Stock-Other | 0.03% | +0.03% | NEW | ||
| 41 | LPRO | Open Lending CORP | Stock-Other | 0.02% | +0.01% | — |
Portfolio Performance
Performance for Q3 2026
-7.5%
Performance Last 4 Quarters
+49%
- Stdev
- +28.1%
- Beta
- +1.04
- Alpha
- +6.2%
- Max Drawdown
- -14.4%
- Annualized Perf
- +26%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +1.92
- Stutzer
- +0.29
- Treynor
- +0.26
- Sterling
- +1.13
- Calmar
- +1.81
- Information Ratio
- +0.29
- Tracking Error
- +24.6%
- Stdev Down
- +14.1%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +86.3%
- Worst 12 Months
- +3.4%
- Efficiency Ratio
- +0.41
- Sharpe
- +0.96
- Stdev Sectors
- +25.4%
- Skewness
- +0.22
- Kurtosis
- -0.98
- Upside Potential
- +3.8
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 41 | $241.4M | 56 | ||
| 2026 Q1 | 14 | $194.9M | 44 | ||
| 2025 Q4 | 13 | $205.9M | 47 | ||
| 2025 Q3 | 34 | $155.7M | 27 | ||
| 2025 Q2 | 31 | $132.1M | 0 | ||
| 2025 Q1 | 11 | $134.0M | 100 | ||
| 2024 Q4 | 30 | $116.8M | 0 | ||
| 2024 Q3 | 30 | $138.5M | 0 | ||
| 2024 Q2 | 31 | $131.8M | 0 | ||
| 2024 Q1 | 32 | $123.1M | 0 | ||
| 2023 Q4 | 35 | $86.7M | 0 | ||
| 2023 Q3 | 51 | $81.4M | 0 | ||
| 2023 Q2 | 51 | $93.5M | 0 | ||
| 2023 Q1 | 58 | $94.7M | 0 | ||
| 2022 Q4 | 43 | $104.3M | 0 | ||
| 2022 Q3 | 58 | $79.2M | 0 | ||
| 2022 Q2 | 64 | $79.9M | 0 | ||
| 2022 Q1 | 65 | $110.5M | 0 | ||
| 2021 Q4 | 108 | $117.8M | 0 | ||
| 2021 Q3 | 86 | $113.6M | 0 | ||
| 2021 Q2 | 90 | $158.9M | 48 | ||
| 2021 Q1 | 83 | $163.9M | 57 | ||
| 2020 Q4 | 89 | $199.5M | 60 | ||
| 2020 Q3 | 69 | $147.8M | 42 | ||
| 2020 Q2 | 86 | $171.0M | 48 | ||
| 2020 Q1 | 79 | $154.4M | 68 | ||
| 2019 Q4 | 85 | $233.2M | 66 | ||
| 2019 Q3 | 81 | $157.9M | 49 | ||
| 2019 Q2 | 83 | $153.5M | 54 | ||
| 2019 Q1 | 76 | $140.4M | 100 | ||
| 2018 Q4 | 59 | $68.7M | 100 | ||
| 2018 Q3 | 73 | $66.7M | 93 | ||
| 2018 Q2 | 61 | $58.6M | 100 | ||
| 2018 Q1 | 78 | $73.7M | 97 | ||
| 2017 Q4 | 79 | $62.8M | 99 | ||
| 2017 Q3 | 74 | $85.2M | 100 | ||
| 2017 Q2 | 74 | $88.1M | 100 | ||
| 2017 Q1 | 70 | $83.3M | 100 | ||
| 2016 Q4 | 73 | $79.3M | 100 | ||
| 2016 Q3 | 60 | $72.1M | 100 | ||
| 2016 Q2 | 57 | $72.9M | 100 | ||
| 2016 Q1 | 59 | $90.0M | 100 | ||
| 2015 Q4 | 67 | $86.4M | 100 | ||
| 2015 Q3 | 63 | $65.9M | 85 | ||
| 2015 Q2 | 70 | $65.1M | 100 | ||
| 2015 Q1 | 63 | $90.6M | 100 | ||
| 2014 Q4 | 89 | $98.1M | — |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
Alethea Capital Management, LLC's most significant position changes for 2026-06-30: Sold out: Ss Spdr S&p 500 ETF Trust-us (SPY); New buy: Viatris Inc (VTRS); New buy: Philip Morris International (PM); New buy: Automatic Data Processing (ADP); New buy: Williams Cos Inc (WMB).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AXSM | Axsome Therapeutics Inc | +9.5% | -0.06% | Trim |
| 2 | KURA | Kura Oncology Inc | +3.5% | +41.75% | Add |
| 3 | IMRX | Immuneering CORP - Class A | +0.9% | +1962.07% | Add |
| 4 | VTRS | Viatris Inc | +0.5% | NEW | New buy |
| 5 | PM | Philip Morris International | +0.5% | NEW | New buy |
| 6 | ADP | Automatic Data Processing | +0.5% | NEW | New buy |
| 7 | WMB | Williams Cos Inc | +0.5% | NEW | New buy |
| 8 | DRI | Darden Restaurants Inc | +0.5% | NEW | New buy |
| 9 | BMY | Bristol-myers Squibb Co | +0.5% | NEW | New buy |
| 10 | ED | Consolidated Edison Inc | +0.5% | NEW | New buy |
| 11 | CVX | Chevron CORP | +0.4% | NEW | New buy |
| 12 | CMCSA | Comcast Corp-class A | +0.4% | NEW | New buy |
| 13 | ES | Eversource Energy | +0.4% | NEW | New buy |
| 14 | WY | Weyerhaeuser Co | +0.4% | NEW | New buy |
| 15 | LMT | Lockheed Martin CORP | +0.4% | NEW | New buy |
| 16 | T | At&t Inc | +0.4% | NEW | New buy |
| 17 | STZ | Constellation Brands Inc-a | +0.4% | NEW | New buy |
| 18 | BR | Broadridge Financial Solutio | +0.4% | NEW | New buy |
| 19 | PNC | Pnc Financial Services Group | +0.3% | NEW | New buy |
| 20 | HRL | Hormel Foods CORP | +0.3% | NEW | New buy |
| 21 | XOM | Exxon Mobil CORP | +0.3% | NEW | New buy |
| 22 | SYY | Sysco CORP | +0.2% | NEW | New buy |
| 23 | OKE | Oneok Inc | +0.2% | NEW | New buy |
| 24 | BG | Bunge Global SA | +0.2% | NEW | New buy |
| 25 | MOS | Mosaic Co/the | +0.2% | NEW | New buy |
| 26 | HSY | Hershey Co/the | +0.2% | NEW | New buy |
| 27 | EXE | Expand Energy CORP | +0.1% | NEW | New buy |
| 28 | AWK | American Water Works Co Inc | +0.1% | NEW | New buy |
| 29 | ECPG | Encore Capital Group Inc | +0.1% | NEW | New buy |
| 30 | MCHP | Microchip Technology Inc | +0.1% | NEW | New buy |
| 31 | ACN | Accenture plc | +0.1% | NEW | New buy |
| 32 | SJM | Jm Smucker Co/the | +0.1% | NEW | New buy |
| 33 | TEM | Tempus Ai Inc-cl A | 0% | — | Unchanged |
| 34 | ✓ | 0% | NEW | New buy | |
| 35 | LPRO | Open Lending CORP | 0% | — | Unchanged |
| 36 | GPK | Graphic Packaging Holding Co | 0% | — | Unchanged |
| 37 | TGB | Taseko Mines LTD | 0% | EXIT | Sold out |
| 38 | HEDJ | Wisdomtree Europe Hedged Equ | 0% | -3.57% | Trim |
| 39 | WFC | Wells Fargo & Co | 0% | — | Unchanged |
| 40 | RNA | Atrium Therapeutics Inc | -0.1% | — | Unchanged |
| 41 | TLT | Ishares 20+ Year Treasury Bd | -0.3% | -6.81% | Trim |
| 42 | SPY | Ss Spdr S&p 500 ETF Trust-us | -4.6% | EXIT | Sold out |
| 43 | BIL | Ss Spdr Bb 1-3m T-bill ETF | -17.8% | -49.30% | Trim |
Filing History
FAQ
What is Alethea Capital Management, LLC and what type of investor is it?
Alethea Capital 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 $241.4M, spread across 41 disclosed positions.
What are Alethea Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, Alethea Capital Management, LLC's top holdings by market value are:
1. Axsome Therapeutics Inc (AXSM) — $158.8M (65.8%)
2. Ss Spdr Bb 1-3m T-bill ETF (BIL) — $29.7M (12.3%)
3. Kura Oncology Inc (KURA) — $23.8M (9.8%)
4. Immuneering CORP - Class A (IMRX) — $2.4M (1.0%)
5. Ishares 20+ Year Treasury Bd (TLT) — $1.8M (0.8%)
What changes did Alethea Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Alethea Capital Management, LLC made 38 notable position adjustments: 30 new positions were initiated, 2 existing holdings were added to, 4 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Ss Spdr S&p 500 ETF Trust-us (SPY); New buy: Viatris Inc (VTRS); New buy: Philip Morris International (PM); New buy: Automatic Data Processing (ADP); New buy: Williams Cos Inc (WMB)
What sectors does Alethea Capital Management, LLC focus on?
Alethea Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 89.4%
• Consumer Staples: 2.4%
• Energy: 1.9%
• Information Technology: 1.4%
• Utilities: 1.3%
• Communication Services: 1.0%
Investment Profile
Alethea Capital Management, LLC returned an annualized 26.0% over the trailing 36 months — outperforming the S&P 500 by 6.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.04 (roughly in line with the market) and a 39% quarterly batting average against the index.
Its portfolio is concentrated and fast-trading, with 89.4% of the portfolio concentrated in Health Care.
Its turnover score has risen from 0 to 56 over the past 4 quarters — a shift toward more active trading.
It has trimmed its TLT position for two straight quarters, cutting it by $176.7K while still holding $1.8M.
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Developer Access
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