CF
California First Leasing CORP — 13F Portfolio Report & Top Holdings (Q2 2026)
California First Leasing CORPCIK: 0000803016
Sector-focusedContrarianQuality / disciplined sizing
Total reported value
$471.1M
Reporting period: 2026-06-30 · Number of holdings: 34
CALIFORNIA FIRST LEASING CORP disclosed 34 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $471.1M and a quarterly turnover rate of 53.9%.
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Personality snowflake
- Concentration
- 31.28
- Portfolio Stability
- 53.91
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 68
- Sizing Uniformity
- 86.93
California First Leasing CORP's disclosed holdings carry a Herfindahl concentration index of 0.078 — mathematically equivalent to about 13 equally-sized positions, well below its 34 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 1.31), 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MU
-12.7% $54.9M
Add MRVL
0.0% $26.0M
Trim XOM
0.0% -$5.3M
Add AMAT
0.0% $33.6M
Add AMD
0.0% $20.4M
Trim GOOGL
0.0% $7.0M
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 | MU | Micron Technology Inc | Stock-Tech | 17.55% | +8.66% | -12.73% | |
| 2 | AMAT | Applied Materials Inc | Stock-Tech | 13.54% | +3.88% | — | |
| 3 | MRVL | Marvell Technology Inc | Stock-Tech | 8.27% | +4.12% | — | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 7.58% | -1.63% | — | |
| 5 | AMD | Advanced Micro Devices | Stock-Tech | 6.66% | +3.14% | — | |
| 6 | GS | Goldman Sachs Group Inc | Stock-Financials | 4.98% | -1.31% | — | |
| 7 | XOM | Exxon Mobil CORP | Stock-Energy | 4.67% | -4.07% | — | |
| 8 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 3.71% | -0.25% | — | |
| 9 | FIX | Comfort Systems USA Inc | Stock-Industrials | 3.67% | -0.18% | — | |
| 10 | DOCN | Digitalocean Holdings Inc | Stock-Tech | 2.92% | +0.51% | — | |
| 11 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.32% | -1.24% | — | |
| 12 | TWLO | Twilio Inc - A | Stock-Tech | 1.93% | +0.16% | — | |
| 13 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 1.89% | -0.47% | — | |
| 14 | WFC | Wells Fargo & Co | Stock-Financials | 1.87% | -0.84% | — | |
| 15 | CI | THE Cigna Group | Stock-Healthcare | 1.80% | -0.83% | — | |
| 16 | ABNB | Airbnb Inc-class A | Stock-Consumer Disc | 1.79% | -0.59% | — | |
| 17 | ALGN | Align Technology Inc | Stock-Healthcare | 1.61% | -0.86% | — | |
| 18 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.51% | -0.48% | — | |
| 19 | BAC | Bank Of America CORP | Stock-Financials | 1.42% | -0.42% | — | |
| 20 | SLB | Slb LTD | Stock-Energy | 1.27% | -0.85% | — | |
| 21 | UBER | Uber Technologies Inc | Stock-Industrials | 1.18% | +1.18% | NEW | |
| 22 | ZETA | Zeta Global Holdings Corp-a | Stock-Tech | 1.06% | -0.23% | — | |
| 23 | ALSN | Allison Transmission Holding | Stock-Consumer Disc | 1.01% | -0.58% | — | |
| 24 | Q | Qnity Electronics Inc | Stock-Tech | 0.93% | -0.07% | — | |
| 25 | BTI | British American Tob-sp Adr | Stock-Consumer Staples | 0.69% | -0.29% | — | |
| 26 | MTN | Vail Resorts Inc | Stock-Consumer Disc | 0.69% | -0.28% | — | |
| 27 | LAD | Lithia Motors Inc | Stock-Consumer Disc | 0.66% | -0.20% | — | |
| 28 | ✓ | On Holding AG | Stock-Other | 0.63% | -0.29% | — | |
| 29 | CART | Maplebear Inc | Stock-Consumer Disc | 0.60% | +0.60% | NEW | |
| 30 | ✓ | Stock-Other | 0.52% | +0.52% | NEW | ||
| 31 | NFLX | Netflix Inc | Stock-Comm Services | 0.40% | -0.42% | — | |
| 32 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.30% | -0.11% | — | |
| 33 | CHTR | Charter Communications Inc-a | Stock-Comm Services | 0.28% | -1.43% | -62.98% | |
| 34 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.10% | -0.10% | — |
* 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.
Portfolio Performance
Performance for Q3 2026
+0.3%
Performance Last 4 Quarters
+84.3%
- Stdev
- +23.8%
- Beta
- +1.3
- Alpha
- +6.7%
- Max Drawdown
- -15.5%
- Annualized Perf
- +34.6%
- Batting Avg vs S&P
- +63.9%
- Sortino
- +2.97
- Stutzer
- +0.41
- Treynor
- +0.25
- Sterling
- +1.61
- Calmar
- +2.23
- Information Ratio
- +0.74
- Tracking Error
- +17.2%
- Stdev Down
- +11%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +110.2%
- Worst 12 Months
- -4.3%
- Efficiency Ratio
- +0.71
- Sharpe
- +1.38
- Stdev Sectors
- +17.6%
- Skewness
- +0.32
- Kurtosis
- +0.67
- Upside Potential
- +4.53
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 34 | $471.1M | 54 | ||
| 2026 Q1 | 39 | $312.0M | 29 | ||
| 2025 Q4 | 45 | $307.9M | 22 | ||
| 2025 Q3 | 44 | $273.1M | 49 | ||
| 2025 Q2 | 42 | $240.5M | 0 | ||
| 2025 Q1 | 44 | $226.6M | 0 | ||
| 2024 Q4 | 45 | $242.5M | 0 | ||
| 2024 Q3 | 43 | $229.9M | 0 | ||
| 2024 Q2 | 43 | $223.6M | 0 | ||
| 2024 Q1 | 38 | $214.8M | 0 | ||
| 2023 Q4 | 39 | $188.1M | 0 | ||
| 2023 Q3 | 38 | $172.8M | 0 | ||
| 2023 Q2 | 37 | $163.7M | 0 | ||
| 2023 Q1 | 34 | $149.6M | 0 | ||
| 2022 Q4 | 31 | $143.9M | 0 | ||
| 2022 Q3 | 32 | $132.4M | 0 | ||
| 2022 Q2 | 26 | $131.5M | 0 | ||
| 2022 Q1 | 32 | $180.1M | 0 | ||
| 2021 Q4 | 39 | $201.3M | 0 |
Holding changes this quarter
California First Leasing CORP's most significant position changes for 2026-06-30: New buy: Uber Technologies Inc (UBER); Sold out: Ishares Ethereum Trust ETF (ETHA); New buy: Maplebear Inc (CART); Sold out: Expedia Group Inc (EXPE); Sold out: Dupont De Nemours Inc (6D8).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +8.7% | -12.73% | Trim |
| 2 | MRVL | Marvell Technology Inc | +4.1% | — | Unchanged |
| 3 | AMAT | Applied Materials Inc | +3.9% | — | Unchanged |
| 4 | AMD | Advanced Micro Devices | +3.1% | — | Unchanged |
| 5 | UBER | Uber Technologies Inc | +1.2% | NEW | New buy |
| 6 | CART | Maplebear Inc | +0.6% | NEW | New buy |
| 7 | ✓ | +0.5% | NEW | New buy | |
| 8 | DOCN | Digitalocean Holdings Inc | +0.5% | — | Unchanged |
| 9 | TWLO | Twilio Inc - A | +0.2% | — | Unchanged |
| 10 | Q | Qnity Electronics Inc | -0.1% | — | Unchanged |
| 11 | BABA | Alibaba Group Holding-sp Adr | -0.1% | — | Unchanged |
| 12 | JPM | Jpmorgan Chase & Co | -0.1% | — | Unchanged |
| 13 | CACC | Credit Acceptance CORP | -0.2% | EXIT | Sold out |
| 14 | FIX | Comfort Systems USA Inc | -0.2% | — | Unchanged |
| 15 | LAD | Lithia Motors Inc | -0.2% | — | Unchanged |
| 16 | UNH | Unitedhealth Group Inc | -0.2% | EXIT | Sold out |
| 17 | ZETA | Zeta Global Holdings Corp-a | -0.2% | — | Unchanged |
| 18 | TSM | Taiwan Semiconductor-sp Adr | -0.3% | — | Unchanged |
| 19 | MTN | Vail Resorts Inc | -0.3% | — | Unchanged |
| 20 | BTI | British American Tob-sp Adr | -0.3% | — | Unchanged |
| 21 | ✓ | On Holding AG | -0.3% | — | Unchanged |
| 22 | BAC | Bank Of America CORP | -0.4% | — | Unchanged |
| 23 | NFLX | Netflix Inc | -0.4% | — | Unchanged |
| 24 | IWM | Ishares Russell 2000 ETF | -0.5% | — | Unchanged |
| 25 | AMZN | Amazon.com Inc | -0.5% | — | Unchanged |
| 26 | BRK-B | Berkshire Hathaway Inc-cl B | -0.5% | EXIT | Sold out |
| 27 | IBIT | Ishares Bitcoin Trust ETF | -0.6% | EXIT | Sold out |
| 28 | ALSN | Allison Transmission Holding | -0.6% | — | Unchanged |
| 29 | ABNB | Airbnb Inc-class A | -0.6% | — | Unchanged |
| 30 | HALO | Halozyme Therapeutics Inc | -0.6% | EXIT | Sold out |
| 31 | 6D8 | Dupont De Nemours Inc | -0.8% | EXIT | Sold out |
| 32 | CI | THE Cigna Group | -0.8% | — | Unchanged |
| 33 | WFC | Wells Fargo & Co | -0.8% | — | Unchanged |
| 34 | SLB | Slb LTD | -0.9% | — | Unchanged |
| 35 | ALGN | Align Technology Inc | -0.9% | — | Unchanged |
| 36 | EXPE | Expedia Group Inc | -0.9% | EXIT | Sold out |
| 37 | ETHA | Ishares Ethereum Trust ETF | -1% | EXIT | Sold out |
| 38 | META | Meta Platforms Inc-class A | -1.2% | — | Unchanged |
| 39 | GS | Goldman Sachs Group Inc | -1.3% | — | Unchanged |
| 40 | CHTR | Charter Communications Inc-a | -1.4% | -62.98% | Trim |
| 41 | GOOGL | Alphabet Inc-cl A | -1.6% | — | Unchanged |
| 42 | XOM | Exxon Mobil CORP | -4.1% | — | Unchanged |
Filing History
FAQ
What is California First Leasing CORP and what type of investor is it?
California First Leasing CORP 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 $471.1M, spread across 34 disclosed positions.
What are California First Leasing CORP's largest equity positions?
Based on the latest 13F filing, California First Leasing CORP's top holdings by market value are:
1. Micron Technology Inc (MU) — $82.7M (17.6%)
2. Applied Materials Inc (AMAT) — $63.8M (13.5%)
3. Marvell Technology Inc (MRVL) — $39.0M (8.3%)
4. Alphabet Inc-cl A (GOOGL) — $35.7M (7.6%)
5. Advanced Micro Devices (AMD) — $31.4M (6.7%)
What changes did California First Leasing CORP make in its most recent portfolio filing?
In the latest reported quarter, California First Leasing CORP made 13 notable position adjustments: 3 new positions were initiated, 0 existing holdings were added to, 2 positions were partially reduced, and 8 were completely exited. The largest of these moves: New buy: Uber Technologies Inc (UBER); Sold out: Ishares Ethereum Trust ETF (ETHA); New buy: Maplebear Inc (CART); Sold out: Expedia Group Inc (EXPE); Sold out: Dupont De Nemours Inc (6D8)
What sectors does California First Leasing CORP focus on?
California First Leasing CORP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 58.3%
• Communication Services: 10.9%
• Financials: 8.8%
• Consumer Discretionary: 6.5%
• Energy: 6.1%
• Industrials: 5.0%
Investment Profile
California First Leasing CORP returned an annualized 34.6% over the trailing 36 months — outperforming the S&P 500 by 6.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.30 (more volatile than the market) and a 64% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 58.3% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 54 over the past 4 quarters — a shift toward more active trading.
It has added to its MU position over the past two quarters (+$58.0M, now $82.7M), while trimming META over the same stretch (-$1.1M, still holding $10.9M).
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Developer Access
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REST API
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