CF
CDC Financial, Inc. — 13F Portfolio Changes & Top Buys (Q2 2026)
CDC Financial, Inc.CIK: 0002077836
Diversified strategyMomentum followerHigh-turnover trader
Total reported value
$238.8M
Reporting period: 2026-06-30 · Number of holdings: 53
CDC Financial, Inc. disclosed 53 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $238.8M and a quarterly turnover rate of 78.4%.
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Personality snowflake
- Concentration
- 27.46
- Portfolio Stability
- 78.45
- Momentum
- 100
- Sector conviction
- 76.76
- Diversification
- 94
- Sizing Uniformity
- 84.92
CDC Financial, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.069 — mathematically equivalent to about 15 equally-sized positions, well below its 53 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 1.51), 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 11% 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.govNew buy IWM
Add SPY
+225.7% $27.1M
Add QQQ
+811.4% $21.5M
Trim AMPY
0.0% -$5.8M
Trim CENX
-26.5% -$6.1M
Sold out AAPL
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 47 holdings (of 53 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 15.48% | +9.19% | +225.66% | |
| 2 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 11.57% | +11.57% | NEW | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 9.84% | +8.56% | +811.43% | |
| 4 | INBX | Inhibrx Biosciences Inc | Stock-Other | 6.75% | -1.22% | -8.79% | |
| 5 | HCAT | Health Catalyst Inc | Stock-Other | 5.91% | +0.82% | +12.46% | |
| 6 | LZ | Legalzoomcom Inc | Stock-Other | 4.85% | +3.44% | +382.43% | |
| 7 | AMPY | Amplify Energy CORP | Stock-Other | 4.31% | -5.96% | — | |
| 8 | AESI | Atlas Energy Solutions Inc | Stock-Other | 3.84% | -3.24% | -34.82% | |
| 9 | IMMR | Immersion Corporation | Stock-Other | 3.67% | -1.32% | -10.05% | |
| 10 | CENX | Century Aluminum Company | Stock-Materials | 3.50% | -5.71% | -26.45% | |
| 11 | VOXR | Vox Royalty CORP | Stock-Other | 3.48% | -2.04% | +6.16% | |
| 12 | ASTL | Algoma Steel Group Inc | Stock-Other | 3.03% | -1.58% | +1.82% | |
| 13 | HUM | Humana Inc | Stock-Healthcare | 2.49% | +2.49% | NEW | |
| 14 | AFCG | Advanced Flower Capital Inc | Stock-Other | 2.33% | -0.31% | +22.01% | |
| 15 | TBCH | Turtle Beach CORP | Stock-Other | 2.02% | +1.03% | +151.23% | |
| 16 | INSE | Inspired Entertainment Inc | Stock-Other | 1.75% | -0.30% | +11.84% | |
| 17 | SMWB | Similarweb Ltd. | Stock-Other | 1.73% | +0.67% | +5.51% | |
| 18 | REI | Ring Energy Inc | Stock-Other | 1.60% | -1.77% | +2.31% | |
| 19 | THRY | Thryv Holdings Inc | Stock-Other | 1.16% | -0.73% | -35.22% | |
| 20 | GRMN | Garmin Ltd. | Stock-Tech | 0.90% | +0.90% | NEW | |
| 21 | TGT | Target CORP | Stock-Consumer Disc | 0.82% | +0.82% | NEW | |
| 22 | RYZ | Ryerson Holding CORP | Stock-Other | 0.81% | -0.82% | -31.28% | |
| 23 | NOW | Servicenow Inc | Stock-Tech | 0.76% | -1.50% | -45.88% | |
| 24 | REFI | Chicago Atlantic Real Estate | Stock-Other | 0.73% | -0.29% | +15.65% | |
| 25 | LIEN | Chicago Atlantic Bdc Inc | Stock-Other | 0.73% | -0.22% | +11.13% | |
| 26 | VNT | Vontier CORP | Stock-Tech | 0.61% | -0.56% | -3.85% | |
| 27 | CRM | Salesforce Inc | Stock-Tech | 0.59% | -1.64% | -52.13% | |
| 28 | ASLE | Aersale CORP | Stock-Other | 0.58% | -0.62% | -28.10% | |
| 29 | IIPR | Innovative Industrial Proper | Stock-Real Estate | 0.52% | -0.12% | — | |
| 30 | CRON | Cronos Group Inc | Stock-Other | 0.50% | -0.98% | -53.27% | |
| 31 | RSKD | Riskified Ltd. | Stock-Other | 0.46% | -0.34% | -31.76% | |
| 32 | GRPN | Groupon Inc | Stock-Other | 0.40% | +0.40% | NEW | |
| 33 | ZNTL | Zentalis Pharmaceuticals Inc | Stock-Other | 0.36% | -0.06% | -37.36% | |
| 34 | WLTH | Wealthfront CORP | Stock-Other | 0.36% | -0.23% | -4.02% | |
| 35 | CRWV | Coreweave Inc-cl A | Stock-Tech | 0.28% | +0.28% | NEW | |
| 36 | DUOT | Duos Technologies Group Inc | Stock-Other | 0.20% | +0.20% | NEW | |
| 37 | URNJ | Sprott Jr Uranium Miners ETF | ETF-Other | 0.20% | -0.38% | -35.14% | |
| 38 | OPRA | Opera Ltd-adr | Stock-Other | 0.20% | -0.17% | -42.57% | |
| 39 | AR | Antero Resources CORP | Stock-Energy | 0.18% | +0.18% | NEW | |
| 40 | SHEN | Shenandoah Telecommunication | Stock-Other | 0.14% | +0.01% | +67.67% | |
| 41 | NTGR | Netgear Inc | Stock-Other | 0.14% | +0.14% | NEW | |
| 42 | COUR | Coursera Inc | Stock-Other | 0.09% | +0.09% | NEW | |
| 43 | ASTLW | Algoma Steel Group Inc -cw26 | Stock-Other | 0.05% | -0.21% | — | |
| 44 | SKIN | Skinhealth Systems Inc | Stock-Other | 0.03% | +0.03% | NEW | |
| 45 | MTCH | Match Group Inc | Stock-Comm Services | 0.03% | -0.55% | -93.22% | |
| 46 | IBKR | Interactive Brokers Gro-cl A | Stock-Financials | 0.02% | +0.02% | NEW | |
| 47 | CCCC | C4 Therapeutics Inc | Stock-Other | — | — | NEW |
Portfolio Performance
Performance for Q3 2026
0%
Performance Last 4 Quarters
+12.3%
- Stdev
- +26.7%
- Beta
- +1.1
- Alpha
- -1%
- Max Drawdown
- -8.8%
- Annualized Perf
- +26%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.54
- Stutzer
- +0.32
- Treynor
- +0.24
- Sterling
- —
- Calmar
- +2.94
- Information Ratio
- +0.09
- Tracking Error
- +17.1%
- Stdev Down
- +10.3%
- Winning Months %
- +50%
- Losing Months %
- +50%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.35
- Sharpe
- +0.98
- Stdev Sectors
- +12.8%
- Skewness
- +0.46
- Kurtosis
- -1.28
- Upside Potential
- +4.67
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
CDC Financial, Inc.'s most significant position changes for 2026-06-30: New buy: Ishares Russell 2000 ETF (IWM); Sold out: Apple Inc (AAPL); New buy: Humana Inc (HUM); New buy: Garmin Ltd. (GRMN); New buy: Target CORP (TGT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IWM | Ishares Russell 2000 ETF | +11.6% | NEW | New buy |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +9.2% | +225.66% | Add |
| 3 | QQQ | Invesco Qqq Trust Series 1 | +8.6% | +811.43% | Add |
| 4 | LZ | Legalzoomcom Inc | +3.4% | +382.43% | Add |
| 5 | HUM | Humana Inc | +2.5% | NEW | New buy |
| 6 | TBCH | Turtle Beach CORP | +1% | +151.23% | Add |
| 7 | GRMN | Garmin Ltd. | +0.9% | NEW | New buy |
| 8 | HCAT | Health Catalyst Inc | +0.8% | +12.46% | Add |
| 9 | TGT | Target CORP | +0.8% | NEW | New buy |
| 10 | SMWB | Similarweb Ltd. | +0.7% | +5.51% | Add |
| 11 | GRPN | Groupon Inc | +0.4% | NEW | New buy |
| 12 | CRWV | Coreweave Inc-cl A | +0.3% | NEW | New buy |
| 13 | DUOT | Duos Technologies Group Inc | +0.2% | NEW | New buy |
| 14 | AR | Antero Resources CORP | +0.2% | NEW | New buy |
| 15 | NTGR | Netgear Inc | +0.1% | NEW | New buy |
| 16 | COUR | Coursera Inc | +0.1% | NEW | New buy |
| 17 | SKIN | Skinhealth Systems Inc | 0% | NEW | New buy |
| 18 | IBKR | Interactive Brokers Gro-cl A | 0% | NEW | New buy |
| 19 | SHEN | Shenandoah Telecommunication | 0% | +67.67% | Add |
| 20 | CCCC | C4 Therapeutics Inc | — | NEW | New buy |
| 21 | CVGI | Commercial Vehicle Group Inc | 0% | EXIT | Sold out |
| 22 | VFF | Village Farms International | -0.1% | EXIT | Sold out |
| 23 | ZNTL | Zentalis Pharmaceuticals Inc | -0.1% | -37.36% | Trim |
| 24 | SNWV | Sanuwave Health Inc | -0.1% | EXIT | Sold out |
| 25 | IIPR | Innovative Industrial Proper | -0.1% | — | Unchanged |
| 26 | TECK | Teck Resources Ltd-cls B | -0.1% | EXIT | Sold out |
| 27 | OPRA | Opera Ltd-adr | -0.2% | -42.57% | Trim |
| 28 | ASTLW | Algoma Steel Group Inc -cw26 | -0.2% | — | Unchanged |
| 29 | LIEN | Chicago Atlantic Bdc Inc | -0.2% | +11.13% | Add |
| 30 | WLTH | Wealthfront CORP | -0.2% | -4.02% | Trim |
| 31 | REFI | Chicago Atlantic Real Estate | -0.3% | +15.65% | Add |
| 32 | INSE | Inspired Entertainment Inc | -0.3% | +11.84% | Add |
| 33 | AFCG | Advanced Flower Capital Inc | -0.3% | +22.01% | Add |
| 34 | INTA | Intapp Inc | -0.3% | EXIT | Sold out |
| 35 | RSKD | Riskified Ltd. | -0.3% | -31.76% | Trim |
| 36 | URNJ | Sprott Jr Uranium Miners ETF | -0.4% | -35.14% | Trim |
| 37 | MTCH | Match Group Inc | -0.6% | -93.22% | Trim |
| 38 | VNT | Vontier CORP | -0.6% | -3.85% | Trim |
| 39 | ASLE | Aersale CORP | -0.6% | -28.10% | Trim |
| 40 | UPWK | Upwork Inc | -0.7% | EXIT | Sold out |
| 41 | GOCOQ | Gohealth Inc-class A | -0.7% | EXIT | Sold out |
| 42 | THRY | Thryv Holdings Inc | -0.7% | -35.22% | Trim |
| 43 | CTAS | Cintas CORP | -0.8% | EXIT | Sold out |
| 44 | RYZ | Ryerson Holding CORP | -0.8% | -31.28% | Trim |
| 45 | CRON | Cronos Group Inc | -1% | -53.27% | Trim |
| 46 | INBX | Inhibrx Biosciences Inc | -1.2% | -8.79% | Trim |
| 47 | IMMR | Immersion Corporation | -1.3% | -10.05% | Trim |
| 48 | NOW | Servicenow Inc | -1.5% | -45.88% | Trim |
| 49 | ASTL | Algoma Steel Group Inc | -1.6% | +1.82% | Add |
| 50 | CRM | Salesforce Inc | -1.6% | -52.13% | Trim |
1–50 of 56
Filing History
FAQ
What is CDC Financial, Inc. and what type of investor is it?
CDC Financial, Inc. 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 $238.8M, spread across 53 disclosed positions.
What are CDC Financial, Inc.'s largest equity positions?
Based on the latest 13F filing, CDC Financial, Inc.'s top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $37.0M (15.5%)
2. Ishares Russell 2000 ETF (IWM) — $27.6M (11.6%)
3. Invesco Qqq Trust Series 1 (QQQ) — $23.5M (9.8%)
4. Inhibrx Biosciences Inc (INBX) — $16.1M (6.8%)
5. Health Catalyst Inc (HCAT) — $14.1M (5.9%)
What changes did CDC Financial, Inc. make in its most recent portfolio filing?
In the latest reported quarter, CDC Financial, Inc. made 53 notable position adjustments: 13 new positions were initiated, 14 existing holdings were added to, 17 positions were partially reduced, and 9 were completely exited. The largest of these moves: New buy: Ishares Russell 2000 ETF (IWM); Sold out: Apple Inc (AAPL); New buy: Humana Inc (HUM); New buy: Garmin Ltd. (GRMN); New buy: Target CORP (TGT)
What sectors does CDC Financial, Inc. focus on?
CDC Financial, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Materials: 32.7%
• Information Technology: 29.3%
• Health Care: 23.3%
• Consumer Discretionary: 7.7%
• Real Estate: 4.8%
• Energy: 1.6%
Investment Profile
CDC Financial, Inc. returned an annualized 26.0% over the trailing 6 months — underperforming the S&P 500 by 1.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.10 (more volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 32.7% of the portfolio concentrated in Materials.
Its turnover score has risen from 0 to 78 over the past 2 quarters — a shift toward more active trading.
It has added to its LZ position over the past two quarters (+$10.8M, now $11.6M), while trimming CENX over the same stretch (-$6.3M, still holding $8.3M).
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