BC
Boreal Capital Management LLC — 13F Portfolio Breakdown & Top Holdings (Q2 2026)
Boreal Capital Management LLCCIK: 0002080094
Diversified strategyMomentum followerSector-focused
Total reported value
$134.3M
Reporting period: 2026-06-30 · Number of holdings: 507
Boreal Capital Management LLC disclosed 507 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $134.3M and a quarterly turnover rate of 21.9%.
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Personality snowflake
- Concentration
- 7.48
- Portfolio Stability
- 21.87
- Momentum
- 100
- Sector conviction
- 75.96
- Diversification
- 100
- Sizing Uniformity
- 70.85
Boreal Capital Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.019 — mathematically equivalent to about 53 equally-sized positions, well below its 507 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 2.91), 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 60% 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 QQQ
+52.6% $2.5M
Sold out RIOT
Add VOO
+16.8% $1.1M
Add MU
+28.0% $797.7K
Add PANW
0.0% $803.6K
Add SNDK
0.0% $540.7K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 507 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.49% | +0.38% | +1.19% | |
| 2 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 4.28% | -0.06% | -5.95% | |
| 3 | AAPL | Apple Inc | Stock-Tech | 4.09% | +0.12% | -1.41% | |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 3.88% | +1.70% | +52.58% | |
| 5 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 3.17% | +0.59% | +16.82% | |
| 6 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 3.03% | +0.02% | +10.71% | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 3.02% | -0.14% | +3.59% | |
| 8 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.55% | -0.01% | -12.55% | |
| 9 | AVGO | Broadcom Inc | Stock-Tech | 2.39% | +0.16% | -3.95% | |
| 10 | ASML | ASML Holding N.V. | Stock-Tech | 2.20% | +0.07% | -25.31% | |
| 11 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 2.00% | +0.09% | EXIT | |
| 12 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 1.98% | -0.33% | -18.06% | |
| 13 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.84% | +0.30% | -7.44% | |
| 14 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.67% | -0.18% | -0.08% | |
| 15 | XLK | Ss Technology Select Sector | ETF-Tech | 1.63% | +0.37% | -1.68% | |
| 16 | V | Visa Inc-class A Shares | Stock-Financials | 1.61% | +0.02% | -2.26% | |
| 17 | PGR | Progressive CORP | Stock-Financials | 1.39% | +0.25% | +20.81% | |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.34% | +0.02% | +5.89% | |
| 19 | PANW | Palo Alto Networks Inc | Stock-Tech | 1.13% | +0.55% | — | |
| 20 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 1.11% | -0.09% | +16.31% | |
| 21 | JEPQ | JPM Nasdaq Equity Premium | ETF-Tech | 1.10% | +0.01% | — | |
| 22 | JEPI | Jpmorgan Equity Premium Inco | ETF-Other | 1.02% | -0.10% | — | |
| 23 | USHY | Ishares Broad Usd High Yield | ETF-High Yield | 0.97% | -0.12% | EXIT | |
| 24 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 0.93% | -0.10% | -1.37% | |
| 25 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 0.92% | +0.04% | +14.61% | |
| 26 | WCN | Waste Connections Inc | Stock-Industrials | 0.88% | -0.07% | -1.73% | |
| 27 | SPGI | S&p Global Inc | Stock-Financials | 0.85% | -0.12% | — | |
| 28 | MSCI | Msci Inc | Stock-Financials | 0.84% | -0.14% | -9.03% | |
| 29 | MUSA | Murphy USA Inc | Stock-Consumer Disc | 0.83% | — | EXIT | |
| 30 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.83% | +0.13% | -16.28% | |
| 31 | MA | Mastercard Inc - A | Stock-Financials | 0.81% | -0.08% | -3.02% | |
| 32 | AAON | Aaon Inc | Stock-Industrials | 0.80% | +0.23% | — | |
| 33 | ODFL | Old Dominion Freight Line | Stock-Industrials | 0.78% | +0.02% | EXIT | |
| 34 | MU | Micron Technology Inc | Stock-Tech | 0.77% | +0.58% | +28.00% | |
| 35 | KNSL | Kinsale Capital Group Inc | Stock-Financials | 0.76% | -0.06% | EXIT | |
| 36 | FICO | Fair Isaac CORP | Stock-Tech | 0.71% | +0.01% | — | |
| 37 | ORLY | O'reilly Automotive Inc | Stock-Consumer Disc | 0.64% | -0.01% | +8.57% | |
| 38 | CHI | Calamos Convert Opport & Inc | Stock-Other | 0.64% | +0.08% | EXIT | |
| 39 | EWL | Ishares Msci Switzerland ETF | ETF-Other | 0.64% | -0.01% | — | |
| 40 | NDAQ | Nasdaq Inc | Stock-Financials | 0.63% | -0.11% | — | |
| 41 | XCHYX | Calamos Convert & High Inc | Stock-Other | 0.62% | +0.08% | EXIT | |
| 42 | CCD | Calamos Dyn Convert & Inc | Stock-Other | 0.62% | +0.06% | EXIT | |
| 43 | BAC | Bank Of America CORP | Stock-Financials | 0.61% | +0.03% | -2.05% | |
| 44 | SHW | Sherwin-williams Co/the | Stock-Materials | 0.59% | -0.01% | — | |
| 45 | IYH | Ishares U.s. Healthcare ETF | ETF-Other | 0.58% | -0.01% | — | |
| 46 | AZO | Autozone Inc | Stock-Consumer Disc | 0.58% | +0.05% | +26.04% | |
| 47 | SNDK | Sandisk CORP | Stock-Tech | 0.56% | +0.39% | — | |
| 48 | GEV | GE Vernova Inc | Stock-Industrials | 0.55% | +0.10% | — | |
| 49 | WSO | Watsco Inc | Stock-Industrials | 0.54% | +0.02% | — | |
| 50 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 0.54% | +0.07% | — |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+1.3%
Performance Last 4 Quarters
+15.9%
Based on 83% of reported portfolio value with available pricing
- Stdev
- +13.2%
- Beta
- +0.99
- Alpha
- -3.5%
- Max Drawdown
- -7%
- Annualized Perf
- +15.9%
- Batting Avg vs S&P
- +25%
- Sortino
- +2.72
- Stutzer
- +0.37
- Treynor
- +0.16
- Sterling
- +0.94
- Calmar
- +2.29
- Information Ratio
- -2.02
- Tracking Error
- +1.8%
- Stdev Down
- +5.7%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +15.9%
- Worst 12 Months
- +15.9%
- Efficiency Ratio
- +0.47
- Sharpe
- +1.18
- Stdev Sectors
- +12.1%
- Skewness
- +0.53
- Kurtosis
- +0.35
- Upside Potential
- +4.33
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
💡
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
Boreal Capital Management LLC's most significant position changes for 2026-06-30: Sold out: Riot Platforms Inc (RIOT); Sold out: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares -100.00%; New buy: Best Buy Co Inc (BBY); Sold out: First Horizon CORP (FHN); Sold out: Tractor Supply Company (TSCO) — shares -100.00%.
Showing top 200 changes by size (of 528 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | +1.7% | +52.58% | Add |
| 2 | VOO | Vanguard S&p 500 ETF | +0.6% | +16.82% | Add |
| 3 | MU | Micron Technology Inc | +0.6% | +28.00% | Add |
| 4 | PANW | Palo Alto Networks Inc | +0.6% | — | Unchanged |
| 5 | SNDK | Sandisk CORP | +0.4% | — | Unchanged |
| 6 | NVDA | Nvidia CORP | +0.4% | +1.19% | Add |
| 7 | XLK | Ss Technology Select Sector | +0.4% | -1.68% | Trim |
| 8 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | -7.44% | Trim |
| 9 | SPMO | Invesco S&p 500 Momentum ETF | +0.3% | — | Unchanged |
| 10 | PGR | Progressive CORP | +0.3% | +20.81% | Add |
| 11 | SHY | Ishares 1-3 Year Treasury Bo | +0.2% | +148.11% | Add |
| 12 | AAON | Aaon Inc | +0.2% | — | Unchanged |
| 13 | BBY | Best Buy Co Inc | +0.2% | NEW | New buy |
| 14 | GOOG | Alphabet Inc-cl C | +0.2% | +150.89% | Add |
| 15 | AVGO | Broadcom Inc | +0.2% | -3.95% | Trim |
| 16 | IQLT | Ishares Msci International Q | +0.1% | +41.42% | Add |
| 17 | UNH | Unitedhealth Group Inc | +0.1% | -16.28% | Trim |
| 18 | XAR | Ss Spdr S&p Aerospace Def | +0.1% | NEW | New buy |
| 19 | AAPL | Apple Inc | +0.1% | -1.41% | Trim |
| 20 | CIBR | First Trust Nasdaq Cybersecu | +0.1% | — | Unchanged |
| 21 | VGT | Vanguard Info Tech ETF | +0.1% | +700.42% | Add |
| 22 | AMD | Advanced Micro Devices | +0.1% | -32.74% | Trim |
| 23 | GEV | GE Vernova Inc | +0.1% | — | Unchanged |
| 24 | INTC | Intel CORP | +0.1% | +32.12% | Add |
| 25 | KLAC | Kla CORP | +0.1% | +1125.81% | Add |
| 26 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | EXIT | Sold out |
| 27 | AMAT | Applied Materials Inc | +0.1% | — | Unchanged |
| 28 | ✓ | On Holding AG | +0.1% | +225.07% | Add |
| 29 | CHI | Calamos Convert Opport & Inc | +0.1% | EXIT | Sold out |
| 30 | XCHYX | Calamos Convert & High Inc | +0.1% | EXIT | Sold out |
| 31 | XMMO | Invesco S&p Midcap Momentum | +0.1% | NEW | New buy |
| 32 | ASML | ASML Holding N.V. | +0.1% | -25.31% | Trim |
| 33 | QQQM | Invesco Nasdaq 100 ETF | +0.1% | — | Unchanged |
| 34 | CCD | Calamos Dyn Convert & Inc | +0.1% | EXIT | Sold out |
| 35 | CAIE | Calamos Autocallable Inc ETF | +0.1% | NEW | New buy |
| 36 | AZO | Autozone Inc | +0.1% | +26.04% | Add |
| 37 | SHOP | Shopify Inc - Class A | +0.1% | +31.39% | Add |
| 38 | TT | Trane Technologies plc | +0.1% | +20.19% | Add |
| 39 | IBM | Intl Business Machines CORP | +0.1% | +531.91% | Add |
| 40 | VEU | Vanguard Ftse All-world Ex-u | +0.1% | NEW | New buy |
| 41 | VCSH | Vanguard S/t CORP Bond ETF | 0% | +14.61% | Add |
| 42 | HACK | Amplify Cybersecurity ETF | 0% | — | Unchanged |
| 43 | ACGL | Arch Capital Group Ltd. | 0% | — | Unchanged |
| 44 | BAC | Bank Of America CORP | 0% | -2.05% | Trim |
| 45 | VUG | Vanguard Growth ETF | 0% | +500.00% | Add |
| 46 | LLY | Eli Lilly & Co | 0% | +5.03% | Add |
| 47 | STX | Seagate Technology Holdings plc | 0% | — | Unchanged |
| 48 | CSCO | Cisco Systems Inc | 0% | +6.28% | Add |
| 49 | WDC | Western Digital CORP | 0% | — | Unchanged |
| 50 | SJNK | Ss Spdr Bb St Hi Yield ETF | 0% | NEW | New buy |
1–50 of 200
Filing History
FAQ
What is Boreal Capital Management LLC and what type of investor is it?
Boreal 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 $134.3M, spread across 507 disclosed positions.
What are Boreal Capital Management LLC's largest equity positions?
Based on the latest 13F filing, Boreal Capital Management LLC's top holdings by market value are:
1. Nvidia CORP (NVDA) — $8.7M (6.5%)
2. Amazon.com Inc (AMZN) — $5.7M (4.3%)
3. Apple Inc (AAPL) — $5.5M (4.1%)
4. Invesco Qqq Trust Series 1 (QQQ) — $5.2M (3.9%)
5. Vanguard S&p 500 ETF (VOO) — $4.3M (3.2%)
What changes did Boreal Capital Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Boreal Capital Management LLC made 137 notable position adjustments: 15 new positions were initiated, 28 existing holdings were added to, 57 positions were partially reduced, and 37 were completely exited. The largest of these moves: Sold out: Riot Platforms Inc (RIOT); Sold out: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares -100.00%; New buy: Best Buy Co Inc (BBY); Sold out: First Horizon CORP (FHN); Sold out: Tractor Supply Company (TSCO) — shares -100.00%
What sectors does Boreal Capital Management LLC focus on?
Boreal Capital Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 43.4%
• Financials: 16.4%
• Consumer Discretionary: 14.0%
• Industrials: 9.5%
• Communication Services: 8.3%
• Health Care: 4.3%
Investment Profile
Boreal Capital Management LLC returned an annualized 15.9% over the trailing 12 months — underperforming the S&P 500 by 3.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.99 (roughly in line with the market) and a 25% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 43.4% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 22 over the past 4 quarters — a shift toward more active trading.
It has added to its NVDA position over the past two quarters (+$2.9M, now $8.7M), while trimming GLD over the same stretch (-$1.6M, still holding $165.8K).
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