CC
Cunning Capital Partners, LP SEC 13F Holdings (Q2 2026) — Top Position: KLA CORP
Cunning Capital Partners, LPCIK: 0001571075
Diversified strategyMomentum followerSector-focused
Total reported value
$247.8M
Reporting period: 2026-06-30 · Number of holdings: 55
Cunning Capital Partners, LP disclosed 55 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $247.8M and a quarterly turnover rate of 27.7%.
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Personality snowflake
- Concentration
- 15.87
- Portfolio Stability
- 27.7
- Momentum
- 100
- Sector conviction
- 98.58
- Diversification
- 100
- Sizing Uniformity
- 89.03
Cunning Capital Partners, LP's disclosed holdings carry a Herfindahl concentration index of 0.040 — mathematically equivalent to about 25 equally-sized positions, well below its 55 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.10), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.1 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.govAdd KLAC
+900.0% $12.2M
Add AMD
0.0% $10.5M
Add DELL
0.0% $5.0M
Trim NFLX
0.0% -$989.0K
Trim NVDA
0.0% $2.6M
Trim META
0.0% -$106.0K
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 | KLAC | Kla CORP | Stock-Tech | 9.63% | +3.71% | +900.00% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 8.03% | -0.80% | — | |
| 3 | AMD | Advanced Micro Devices | Stock-Tech | 6.51% | +3.64% | — | |
| 4 | CLS | Celestica Inc | Stock-Tech | 5.90% | +0.16% | — | |
| 5 | APP | Applovin Corp-class A | Stock-Tech | 5.83% | +0.15% | — | |
| 6 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 3.96% | -0.10% | — | |
| 7 | MS | Morgan Stanley | Stock-Financials | 3.86% | +0.03% | — | |
| 8 | AVGO | Broadcom Inc | Stock-Tech | 3.68% | -0.12% | — | |
| 9 | DELL | Dell Technologies -c | Stock-Tech | 3.27% | +1.70% | — | |
| 10 | TPR | Tapestry Inc | Stock-Consumer Disc | 2.97% | -0.64% | — | |
| 11 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.74% | -0.76% | — | |
| 12 | IBM | Intl Business Machines CORP | Stock-Tech | 2.59% | -0.23% | — | |
| 13 | PWR | Quanta Services Inc | Stock-Industrials | 2.57% | +0.10% | — | |
| 14 | WSM | Williams-sonoma Inc | Stock-Consumer Disc | 2.24% | +0.03% | — | |
| 15 | URI | United Rentals Inc | Stock-Industrials | 2.01% | +0.38% | — | |
| 16 | CAH | Cardinal Health Inc | Stock-Healthcare | 1.82% | -0.23% | — | |
| 17 | NRG | Nrg Energy Inc | Stock-Utilities | 1.57% | -0.41% | — | |
| 18 | JBL | Jabil Inc | Stock-Tech | 1.44% | +0.19% | — | |
| 19 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.39% | -0.14% | — | |
| 20 | AXP | American Express Co | Stock-Financials | 1.37% | -0.17% | — | |
| 21 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 1.29% | +0.46% | — | |
| 22 | WFC | Wells Fargo & Co | Stock-Financials | 1.28% | -0.28% | — | |
| 23 | SPG | Simon Property Group Inc | Stock-Real Estate | 1.19% | -0.06% | — | |
| 24 | NFLX | Netflix Inc | Stock-Comm Services | 1.15% | -0.81% | — | |
| 25 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.13% | +0.03% | — | |
| 26 | CEG | Constellation Energy | Stock-Utilities | 1.09% | -0.46% | — | |
| 27 | AAPL | Apple Inc | Stock-Tech | 1.01% | -0.11% | — | |
| 28 | AN | Autonation Inc | Stock-Consumer Disc | 0.96% | -0.31% | — | |
| 29 | MCK | Mckesson CORP | Stock-Healthcare | 0.96% | -0.42% | — | |
| 30 | HIG | Hartford Insurance Group Inc | Stock-Financials | 0.95% | -0.27% | — | |
| 31 | CARR | Carrier Global CORP | Stock-Industrials | 0.94% | +0.03% | — | |
| 32 | ORCL | Oracle CORP | Stock-Tech | 0.92% | -0.24% | — | |
| 33 | HCA | Hca Healthcare Inc | Stock-Healthcare | 0.91% | -0.48% | — | |
| 34 | CB | Chubb Limited | Stock-Financials | 0.86% | -0.17% | — | |
| 35 | PGR | Progressive CORP | Stock-Financials | 0.82% | -0.12% | — | |
| 36 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.80% | -0.47% | — | |
| 37 | UHS | Universal Health Services-b | Stock-Healthcare | 0.75% | -0.39% | — | |
| 38 | MSFT | Microsoft CORP | Stock-Tech | 0.73% | -0.19% | — | |
| 39 | CPAY | Corpay Inc | Stock-Tech | 0.73% | -0.07% | — | |
| 40 | TMUS | T-mobile US Inc | Stock-Comm Services | 0.72% | -0.41% | — | |
| 41 | CVX | Chevron CORP | Stock-Energy | 0.70% | -0.40% | — | |
| 42 | ✓ | Servicenow Inc | Stock-Other | 0.68% | -0.23% | — | |
| 43 | HOOD | Robinhood Markets Inc - A | Stock-Financials | 0.67% | +0.08% | — | |
| 44 | FLOT | Ishares Floating Rate Bond E | ETF-Other | 0.60% | -0.15% | — | |
| 45 | AXON | Axon Enterprise Inc | Stock-Industrials | 0.59% | +0.02% | — | |
| 46 | HRB | H&r Block Inc | Stock-Consumer Disc | 0.57% | -0.03% | — | |
| 47 | VEEV | Veeva Systems Inc-class A | Stock-Healthcare | 0.55% | -0.14% | — | |
| 48 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 0.54% | -0.14% | — | |
| 49 | RDDT | Reddit Inc-cl A | Stock-Comm Services | 0.53% | +0.01% | — | |
| 50 | SAP | Sap Se-sponsored Adr | Stock-Tech | 0.52% | -0.21% | — |
1–50 of 55
Portfolio Performance
Performance for Q3 2026
-5.8%
Performance Last 4 Quarters
+20.7%
- Stdev
- +18.9%
- Beta
- +1.45
- Alpha
- -2.6%
- Max Drawdown
- -11.6%
- Annualized Perf
- +29.6%
- Batting Avg vs S&P
- +54.5%
- Sortino
- +3.44
- Stutzer
- +0.44
- Treynor
- +0.19
- Sterling
- +1.38
- Calmar
- +2.56
- Information Ratio
- +0.73
- Tracking Error
- +9.4%
- Stdev Down
- +8.1%
- Winning Months %
- +63.6%
- Losing Months %
- +36.4%
- Best 12 Months
- +50.7%
- Worst 12 Months
- +10.6%
- Efficiency Ratio
- +0.67
- Sharpe
- +1.48
- Stdev Sectors
- +15.5%
- Skewness
- +0.26
- Kurtosis
- -0.57
- Upside Potential
- +5.22
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 55 | $247.8M | 28 | ||
| 2026 Q1 | 56 | $196.5M | 16 | ||
| 2025 Q4 | 56 | $216.1M | 13 | ||
| 2025 Q3 | 55 | $215.8M | 41 | ||
| 2025 Q2 | 55 | $192.0M | 0 | ||
| 2025 Q1 | 54 | $156.9M | 100 | ||
| 2024 Q4 | 54 | $166.9M | 0 | ||
| 2024 Q3 | 77 | $191.4M | 0 | ||
| 2024 Q2 | 80 | $178.6M | 0 | ||
| 2024 Q1 | 82 | $180.8M | 0 | ||
| 2023 Q4 | 83 | $160.5M | 0 | ||
| 2023 Q3 | 88 | $152.0M | 0 | ||
| 2023 Q2 | 87 | $158.0K | 0 | ||
| 2023 Q1 | 75 | $146.8M | 0 | ||
| 2022 Q4 | 75 | $141.3M | 0 | ||
| 2022 Q3 | 68 | $126.2M | 0 | ||
| 2022 Q2 | 68 | $129.7M | 0 | ||
| 2022 Q1 | 33 | $145.3M | 0 | ||
| 2021 Q4 | 30 | $183.8M | 0 | ||
| 2021 Q3 | 40 | $189.9M | 0 | ||
| 2021 Q2 | 41 | $191.8M | 100 | ||
| 2021 Q1 | 42 | $160.5M | 100 | ||
| 2020 Q4 | 36 | $187.2M | 34 | ||
| 2020 Q3 | 26 | $158.1M | 17 | ||
| 2020 Q2 | 29 | $142.0M | 40 | ||
| 2020 Q1 | 31 | $108.2M | 100 | ||
| 2019 Q4 | 1 | $124.5M | — |
Holding changes this quarter
Cunning Capital Partners, LP's most significant position changes for 2026-06-30: Sold out: Hims & Hers Health Inc (HIMS); Add: Kla CORP (KLAC) — shares +900.00%; Trim: Ishares 0-1 Year Treasury Bo (SHV) — shares -8.00%; Add: Ishares Preferred & Income S (PFF) — shares +42.31%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | KLAC | Kla CORP | +3.7% | +900.00% | Add |
| 2 | AMD | Advanced Micro Devices | +3.6% | — | Unchanged |
| 3 | DELL | Dell Technologies -c | +1.7% | — | Unchanged |
| 4 | CRWD | Crowdstrike Holdings Inc - A | +0.5% | — | Unchanged |
| 5 | URI | United Rentals Inc | +0.4% | — | Unchanged |
| 6 | JBL | Jabil Inc | +0.2% | — | Unchanged |
| 7 | CLS | Celestica Inc | +0.2% | — | Unchanged |
| 8 | APP | Applovin Corp-class A | +0.2% | — | Unchanged |
| 9 | PWR | Quanta Services Inc | +0.1% | — | Unchanged |
| 10 | HOOD | Robinhood Markets Inc - A | +0.1% | — | Unchanged |
| 11 | MS | Morgan Stanley | 0% | — | Unchanged |
| 12 | WSM | Williams-sonoma Inc | 0% | — | Unchanged |
| 13 | LLY | Eli Lilly & Co | 0% | — | Unchanged |
| 14 | CARR | Carrier Global CORP | 0% | — | Unchanged |
| 15 | PFF | Ishares Preferred & Income S | 0% | +42.31% | Add |
| 16 | AXON | Axon Enterprise Inc | 0% | — | Unchanged |
| 17 | RDDT | Reddit Inc-cl A | 0% | — | Unchanged |
| 18 | HRB | H&r Block Inc | 0% | — | Unchanged |
| 19 | SHV | Ishares 0-1 Year Treasury Bo | 0% | -8.00% | Trim |
| 20 | VCSH | Vanguard S/t CORP Bond ETF | 0% | — | Unchanged |
| 21 | SPG | Simon Property Group Inc | -0.1% | — | Unchanged |
| 22 | CPAY | Corpay Inc | -0.1% | — | Unchanged |
| 23 | BLDR | Builders Firstsource Inc | -0.1% | — | Unchanged |
| 24 | GOOG | Alphabet Inc-cl C | -0.1% | — | Unchanged |
| 25 | AAPL | Apple Inc | -0.1% | — | Unchanged |
| 26 | CI | THE Cigna Group | -0.1% | — | Unchanged |
| 27 | AVGO | Broadcom Inc | -0.1% | — | Unchanged |
| 28 | PGR | Progressive CORP | -0.1% | — | Unchanged |
| 29 | AMZN | Amazon.com Inc | -0.1% | — | Unchanged |
| 30 | VEEV | Veeva Systems Inc-class A | -0.1% | — | Unchanged |
| 31 | VCIT | Vanguard Int-term Corporate | -0.1% | — | Unchanged |
| 32 | FLOT | Ishares Floating Rate Bond E | -0.2% | — | Unchanged |
| 33 | AXP | American Express Co | -0.2% | — | Unchanged |
| 34 | CB | Chubb Limited | -0.2% | — | Unchanged |
| 35 | MSFT | Microsoft CORP | -0.2% | — | Unchanged |
| 36 | SAP | Sap Se-sponsored Adr | -0.2% | — | Unchanged |
| 37 | IBM | Intl Business Machines CORP | -0.2% | — | Unchanged |
| 38 | CAH | Cardinal Health Inc | -0.2% | — | Unchanged |
| 39 | ✓ | Servicenow Inc | -0.2% | — | Unchanged |
| 40 | ORCL | Oracle CORP | -0.2% | — | Unchanged |
| 41 | HIG | Hartford Insurance Group Inc | -0.3% | — | Unchanged |
| 42 | WFC | Wells Fargo & Co | -0.3% | — | Unchanged |
| 43 | AN | Autonation Inc | -0.3% | — | Unchanged |
| 44 | HIMS | Hims & Hers Health Inc | -0.4% | EXIT | Sold out |
| 45 | UHS | Universal Health Services-b | -0.4% | — | Unchanged |
| 46 | CVX | Chevron CORP | -0.4% | — | Unchanged |
| 47 | TMUS | T-mobile US Inc | -0.4% | — | Unchanged |
| 48 | NRG | Nrg Energy Inc | -0.4% | — | Unchanged |
| 49 | MCK | Mckesson CORP | -0.4% | — | Unchanged |
| 50 | CEG | Constellation Energy | -0.5% | — | Unchanged |
1–50 of 56
Filing History
FAQ
What is Cunning Capital Partners, LP and what type of investor is it?
Cunning Capital Partners, LP 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 $247.8M, spread across 55 disclosed positions.
What are Cunning Capital Partners, LP's largest equity positions?
Based on the latest 13F filing, Cunning Capital Partners, LP's top holdings by market value are:
1. Kla CORP (KLAC) — $23.9M (9.6%)
2. Nvidia CORP (NVDA) — $19.9M (8.0%)
3. Advanced Micro Devices (AMD) — $16.1M (6.5%)
4. Celestica Inc (CLS) — $14.6M (5.9%)
5. Applovin Corp-class A (APP) — $14.4M (5.8%)
What changes did Cunning Capital Partners, LP make in its most recent portfolio filing?
In the latest reported quarter, Cunning Capital Partners, LP made 4 notable position adjustments: 0 new positions were initiated, 2 existing holdings were added to, 1 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Hims & Hers Health Inc (HIMS); Add: Kla CORP (KLAC) — shares +900.00%; Trim: Ishares 0-1 Year Treasury Bo (SHV) — shares -8.00%; Add: Ishares Preferred & Income S (PFF) — shares +42.31%
What sectors does Cunning Capital Partners, LP focus on?
Cunning Capital Partners, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 54.1%
• Financials: 10.0%
• Communication Services: 9.3%
• Consumer Discretionary: 8.3%
• Health Care: 6.8%
• Industrials: 6.8%
Investment Profile
Cunning Capital Partners, LP returned an annualized 29.6% over the trailing 33 months — underperforming the S&P 500 by 2.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.45 (more volatile than the market) and a 55% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 54.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 28 over the past 4 quarters — a shift toward more active trading.
It has added to its KLAC position over the past two quarters (+$14.2M, now $23.9M), while trimming META over the same stretch (-$1.2M, still holding $6.8M).
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Developer Access
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