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Avory & Company, LLC — 13F Portfolio Changes & Top Buys (Q2 2026)
Avory & Company, LLCCIK: 0001842766
Momentum followerSector-focusedQuality / disciplined sizing
Total reported value
$80.0M
Reporting period: 2026-06-30 · Number of holdings: 32
Avory & Company, LLC disclosed 32 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $80.0M and a quarterly turnover rate of 13.9%.
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Personality snowflake
- Concentration
- 42.41
- Portfolio Stability
- 13.91
- Momentum
- 100
- Sector conviction
- 84.99
- Diversification
- 64
- Sizing Uniformity
- 84.28
Avory & Company, LLC's disclosed holdings carry a Herfindahl concentration index of 0.106 — mathematically equivalent to about 9 equally-sized positions, well below its 32 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 1.57), 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 52% 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 VOO
0.0% $2.6M
Trim Z
-11.7% -$1.4M
Add AVRY
+3.8% $1.2M
Add XYZ
-9.0% $1.1M
Trim ZM
-11.7% -$443.5K
Add OKTA
-16.9% $700.4K
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 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 24.72% | +2.45% | — | |
| 2 | XYZ | Block Inc | Stock-Financials | 10.64% | +1.06% | -8.99% | |
| 3 | AVRY | Avory Foundational ETF | ETF-Other | 10.59% | +1.16% | +3.77% | |
| 4 | ZM | Zoom Communications Inc | Stock-Tech | 10.18% | -0.93% | -11.67% | |
| 5 | YOU | Clear Secure Inc -class A | Stock-Tech | 5.14% | -0.11% | -11.96% | |
| 6 | FWRG | First Watch Restaurant Group | Stock-Other | 3.68% | +0.23% | -10.19% | |
| 7 | Z | Zillow Group Inc - C | Stock-Comm Services | 3.59% | -1.94% | -11.68% | |
| 8 | OMCL | Omnicell Inc | Stock-Healthcare | 3.46% | +0.13% | -13.49% | |
| 9 | BX | Blackstone Inc | Stock-Financials | 2.91% | -0.44% | -12.27% | |
| 10 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.88% | -0.14% | -13.74% | |
| 11 | OKTA | Okta Inc | Stock-Tech | 2.87% | +0.81% | -16.95% | |
| 12 | PAYC | Paycom Software Inc | Stock-Tech | 2.74% | -0.37% | -11.61% | |
| 13 | ABNB | Airbnb Inc-class A | Stock-Consumer Disc | 2.40% | -0.19% | -15.36% | |
| 14 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.38% | -0.55% | -14.66% | |
| 15 | IAU | Ishares Gold Trust | ETF-Commodities | 1.89% | -0.39% | — | |
| 16 | LZ | Legalzoomcom Inc | Stock-Other | 1.50% | -0.16% | -13.62% | |
| 17 | RBLX | Roblox CORP -class A | Stock-Comm Services | 1.25% | -0.33% | -15.17% | |
| 18 | IHD | Voya Emrg Mrkt Hi Dvd Eqty | Stock-Other | 0.92% | +0.10% | — | |
| 19 | XBOEX | Blackrock Enh Glbl Dvd Tr | Stock-Other | 0.70% | +0.04% | — | |
| 20 | QQQX | Nuveen Nasdaq 100 Dyn Overwr | Stock-Other | 0.65% | +0.06% | — | |
| 21 | BINC | Ishares Flex I A Etf-usd Inc | ETF-Other | 0.65% | -0.01% | — | |
| 22 | OEI | Optimize Equity Income ETF | ETF-Other | 0.63% | +0.01% | — | |
| 23 | WTPI | Wisdomtree Equity Premium In | ETF-Other | 0.63% | — | +0.66% | |
| 24 | ETW | Eaton Vance T/m Glbl Buy-wr | Stock-Other | 0.55% | +0.03% | — | |
| 25 | S | Sentinelone Inc -class A | Stock-Tech | 0.52% | +0.11% | — | |
| 26 | PGF | Invesco Financial Preferred | ETF-Other | 0.45% | +0.03% | +11.87% | |
| 27 | AMD | Advanced Micro Devices | Stock-Tech | 0.37% | +0.37% | NEW | |
| 28 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 0.27% | -0.01% | +0.04% | |
| 29 | SPHY | Ss Spdr P High Yield ETF | ETF-High Yield | 0.27% | — | — | |
| 30 | PFFD | Global X US Preferred ETF | ETF-Other | 0.26% | — | — | |
| 31 | BMNR | Bitmine Immersion Technologi | Stock-Financials | 0.19% | -0.20% | -23.92% | |
| 32 | AGNC | Agnc Investment CORP | Stock-Real Estate | 0.16% | +0.01% | +3.48% |
Portfolio Performance
Performance for Q3 2026
+5%
Performance Last 4 Quarters
-5.3%
- Stdev
- +23.4%
- Beta
- +1.43
- Alpha
- -15%
- Max Drawdown
- -27.1%
- Annualized Perf
- +11.5%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +1.04
- Stutzer
- +0.17
- Treynor
- +0.09
- Sterling
- +0.44
- Calmar
- +0.42
- Information Ratio
- -0.42
- Tracking Error
- +15.4%
- Stdev Down
- +13%
- Winning Months %
- +47.2%
- Losing Months %
- +52.8%
- Best 12 Months
- +52%
- Worst 12 Months
- -14.6%
- Efficiency Ratio
- +0.2
- Sharpe
- +0.58
- Stdev Sectors
- +13.9%
- Skewness
- +0.33
- Kurtosis
- -0.5
- Upside Potential
- +2.96
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 32 | $80.0M | 14 | ||
| 2026 Q1 | 34 | $77.3M | 98 | ||
| 2025 Q4 | 42 | $156.3M | 17 | ||
| 2025 Q3 | 33 | $166.0M | 15 | ||
| 2025 Q2 | 31 | $164.0M | 0 | ||
| 2025 Q1 | 31 | $151.3M | 100 | ||
| 2024 Q4 | 29 | $178.5M | 0 | ||
| 2024 Q3 | 31 | $164.9M | 0 | ||
| 2024 Q2 | 29 | $142.0M | 0 | ||
| 2024 Q1 | 28 | $146.9M | 0 | ||
| 2023 Q4 | 29 | $142.9M | 0 | ||
| 2023 Q3 | 26 | $117.8M | 0 | ||
| 2023 Q2 | 38 | $131.3M | 0 | ||
| 2023 Q1 | 28 | $145.4M | 0 | ||
| 2022 Q4 | 28 | $124.4M | 0 | ||
| 2022 Q3 | 26 | $118.0M | 0 | ||
| 2022 Q2 | 25 | $117.9M | 0 | ||
| 2022 Q1 | 25 | $159.7M | 0 | ||
| 2021 Q4 | 19 | $166.5M | 0 | ||
| 2021 Q3 | 15 | $161.9M | 0 | ||
| 2021 Q2 | 12 | $179.9M | 98 | ||
| 2021 Q1 | 13 | $173.7M | 39 | ||
| 2020 Q4 | 14 | $148.8M | 0 |
Holding changes this quarter
Avory & Company, LLC's most significant position changes for 2026-06-30: New buy: Advanced Micro Devices (AMD); Sold out: Salesforce Inc (CRM); Sold out: Wix.com Ltd. (WIX); Sold out: Uipath Inc - Class A (PATH); Trim: Zillow Group Inc - C (Z) — shares -11.68%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | +2.5% | — | Unchanged |
| 2 | AVRY | Avory Foundational ETF | +1.2% | +3.77% | Add |
| 3 | XYZ | Block Inc | +1.1% | -8.99% | Trim |
| 4 | OKTA | Okta Inc | +0.8% | -16.95% | Trim |
| 5 | AMD | Advanced Micro Devices | +0.4% | NEW | New buy |
| 6 | FWRG | First Watch Restaurant Group | +0.2% | -10.19% | Trim |
| 7 | OMCL | Omnicell Inc | +0.1% | -13.49% | Trim |
| 8 | S | Sentinelone Inc -class A | +0.1% | — | Unchanged |
| 9 | IHD | Voya Emrg Mrkt Hi Dvd Eqty | +0.1% | — | Unchanged |
| 10 | QQQX | Nuveen Nasdaq 100 Dyn Overwr | +0.1% | — | Unchanged |
| 11 | XBOEX | Blackrock Enh Glbl Dvd Tr | 0% | — | Unchanged |
| 12 | ETW | Eaton Vance T/m Glbl Buy-wr | 0% | — | Unchanged |
| 13 | PGF | Invesco Financial Preferred | 0% | +11.87% | Add |
| 14 | OEI | Optimize Equity Income ETF | 0% | — | Unchanged |
| 15 | AGNC | Agnc Investment CORP | 0% | +3.48% | Add |
| 16 | WTPI | Wisdomtree Equity Premium In | — | +0.66% | Add |
| 17 | PFFD | Global X US Preferred ETF | — | — | Unchanged |
| 18 | SPHY | Ss Spdr P High Yield ETF | — | — | Unchanged |
| 19 | BINC | Ishares Flex I A Etf-usd Inc | 0% | — | Unchanged |
| 20 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | 0% | +0.04% | Add |
| 21 | YOU | Clear Secure Inc -class A | -0.1% | -11.96% | Trim |
| 22 | AMZN | Amazon.com Inc | -0.1% | -13.74% | Trim |
| 23 | LZ | Legalzoomcom Inc | -0.2% | -13.62% | Trim |
| 24 | PATH | Uipath Inc - Class A | -0.2% | EXIT | Sold out |
| 25 | ABNB | Airbnb Inc-class A | -0.2% | -15.36% | Trim |
| 26 | BMNR | Bitmine Immersion Technologi | -0.2% | -23.92% | Trim |
| 27 | WIX | Wix.com Ltd. | -0.3% | EXIT | Sold out |
| 28 | CRM | Salesforce Inc | -0.3% | EXIT | Sold out |
| 29 | RBLX | Roblox CORP -class A | -0.3% | -15.17% | Trim |
| 30 | PAYC | Paycom Software Inc | -0.4% | -11.61% | Trim |
| 31 | IAU | Ishares Gold Trust | -0.4% | — | Unchanged |
| 32 | BX | Blackstone Inc | -0.4% | -12.27% | Trim |
| 33 | META | Meta Platforms Inc-class A | -0.6% | -14.66% | Trim |
| 34 | ZM | Zoom Communications Inc | -0.9% | -11.67% | Trim |
| 35 | Z | Zillow Group Inc - C | -1.9% | -11.68% | Trim |
Filing History
FAQ
What is Avory & Company, LLC and what type of investor is it?
Avory & Company, 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 $80.0M, spread across 32 disclosed positions.
What are Avory & Company, LLC's largest equity positions?
Based on the latest 13F filing, Avory & Company, LLC's top holdings by market value are:
1. Vanguard S&p 500 ETF (VOO) — $19.8M (24.7%)
2. Block Inc (XYZ) — $8.5M (10.6%)
3. Avory Foundational ETF (AVRY) — $8.5M (10.6%)
4. Zoom Communications Inc (ZM) — $8.1M (10.2%)
5. Clear Secure Inc -class A (YOU) — $4.1M (5.1%)
What changes did Avory & Company, LLC make in its most recent portfolio filing?
In the latest reported quarter, Avory & Company, LLC made 24 notable position adjustments: 1 new positions were initiated, 5 existing holdings were added to, 15 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Advanced Micro Devices (AMD); Sold out: Salesforce Inc (CRM); Sold out: Wix.com Ltd. (WIX); Sold out: Uipath Inc - Class A (PATH); Trim: Zillow Group Inc - C (Z) — shares -11.68%
What sectors does Avory & Company, LLC focus on?
Avory & Company, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 42.2%
• Financials: 26.6%
• Communication Services: 14.0%
• Consumer Discretionary: 10.2%
• Health Care: 6.7%
• Real Estate: 0.3%
* 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.
Investment Profile
Avory & Company, LLC returned an annualized 11.5% over the trailing 36 months — underperforming the S&P 500 by 15.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.43 (more volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 42.2% of the portfolio concentrated in Information Technology.
It has added to its IHD position over the past two quarters (+$145.1K, now $739.8K), while trimming ZM over the same stretch (-$16.0M, still holding $8.1M).
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