DC
Defender Capital, LLC. Investment Portfolio (Q2 2026) — 13F Stock Holdings
Defender Capital, LLC.CIK: 0001766929
Momentum followerQuality / disciplined sizing
Total reported value
$308.0M
Reporting period: 2026-06-30 · Number of holdings: 37
Defender Capital, LLC. disclosed 37 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $308.0M and a quarterly turnover rate of 24.8%.
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Personality snowflake
- Concentration
- 35.06
- Portfolio Stability
- 24.79
- Momentum
- 100
- Sector conviction
- 64.95
- Diversification
- 74
- Sizing Uniformity
- 84.82
Defender Capital, LLC.'s disclosed holdings carry a Herfindahl concentration index of 0.088 — mathematically equivalent to about 11 equally-sized positions, well below its 37 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 1.52), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 4.6 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 AXON
+25.6% $16.6M
Trim PLTR
+8.7% -$5.6M
Trim ARM
-79.2% -$7.7M
Sold out FTV
Add AMZN
+171.0% $4.6M
Trim DHR
-5.6% -$1.5M
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 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 16.46% | -0.46% | +1.77% | |
| 2 | AXON | Axon Enterprise Inc | Stock-Industrials | 13.56% | +4.63% | +25.63% | |
| 3 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 11.73% | -3.06% | +8.68% | |
| 4 | DHR | Danaher CORP | Stock-Healthcare | 9.20% | -1.39% | -5.59% | |
| 5 | VLTO | Veralto CORP | Stock-Industrials | 7.16% | -0.36% | +3.70% | |
| 6 | MNST | Monster Beverage CORP | Stock-Consumer Staples | 6.19% | +0.81% | -5.26% | |
| 7 | TDY | Teledyne Technologies Inc | Stock-Tech | 5.34% | +0.36% | +6.23% | |
| 8 | TSLA | Tesla Inc | Stock-Consumer Disc | 4.09% | +0.69% | +16.07% | |
| 9 | STAA | Staar Surgical Co | Stock-Other | 4.02% | -0.26% | -33.10% | |
| 10 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 3.49% | -0.72% | -3.46% | |
| 11 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.48% | +0.20% | -6.63% | |
| 12 | LCTX | Lineage Cell Therapeutics In | Stock-Other | 2.81% | -0.96% | -1.94% | |
| 13 | ARM | Arm Holdings Plc-adr | Stock-Tech | 2.37% | -2.94% | -79.20% | |
| 14 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.22% | +1.44% | +171.00% | |
| 15 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 1.22% | +1.12% | +1386.66% | |
| 16 | ESAB | Esab CORP | Stock-Industrials | 1.17% | +0.15% | +23.16% | |
| 17 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 1.06% | +1.06% | NEW | |
| 18 | ATOM | Atomera Inc | Stock-Other | 0.84% | +0.84% | NEW | |
| 19 | NVDA | Nvidia CORP | Stock-Tech | 0.49% | +0.03% | +0.67% | |
| 20 | MSFT | Microsoft CORP | Stock-Tech | 0.44% | +0.07% | +28.40% | |
| 21 | AAPL | Apple Inc | Stock-Tech | 0.37% | +0.02% | +0.64% | |
| 22 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.32% | -0.06% | -24.87% | |
| 23 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.24% | +0.24% | NEW | |
| 24 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 0.21% | +0.21% | NEW | |
| 25 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.18% | — | — | |
| 26 | CELH | Celsius Holdings Inc | Stock-Consumer Staples | 0.17% | +0.17% | NEW | |
| 27 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.16% | +0.04% | — | |
| 28 | MO | Altria Group Inc | Stock-Consumer Staples | 0.14% | — | — | |
| 29 | PFE | Pfizer Inc | Stock-Healthcare | 0.13% | -0.04% | — | |
| 30 | MLM | Martin Marietta Materials | Stock-Materials | 0.12% | -0.02% | — | |
| 31 | PSX | Phillips 66 | Stock-Energy | 0.11% | -0.02% | — | |
| 32 | CSX | Csx CORP | Stock-Industrials | 0.11% | +0.01% | — | |
| 33 | INTC | Intel CORP | Stock-Tech | 0.10% | -0.06% | -79.00% | |
| 34 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.09% | -0.01% | — | |
| 35 | CSCO | Cisco Systems Inc | Stock-Tech | 0.08% | +0.08% | NEW | |
| 36 | NMAX | Newsmax Inc | Stock-Other | 0.07% | +0.02% | — | |
| 37 | V | Visa Inc-class A Shares | Stock-Financials | 0.07% | +0.07% | NEW |
Portfolio Performance
Performance for Q3 2026
+2.2%
Performance Last 4 Quarters
+13.8%
Based on 83% of reported portfolio value with available pricing
- Stdev
- +18.6%
- Beta
- +0.93
- Alpha
- +4.2%
- Max Drawdown
- -13.6%
- Annualized Perf
- +25%
- Batting Avg vs S&P
- +54.5%
- Sortino
- +2.74
- Stutzer
- +0.39
- Treynor
- +0.26
- Sterling
- +1.25
- Calmar
- +1.83
- Information Ratio
- +0.19
- Tracking Error
- +13.9%
- Stdev Down
- +8.8%
- Winning Months %
- +57.6%
- Losing Months %
- +42.4%
- Best 12 Months
- +57.6%
- Worst 12 Months
- +11%
- Efficiency Ratio
- +0.54
- Sharpe
- +1.3
- Stdev Sectors
- +10.8%
- Skewness
- +0.16
- Kurtosis
- -0.59
- Upside Potential
- +4.59
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 37 | $308.0M | 25 | ||
| 2026 Q1 | 34 | $281.9M | 15 | ||
| 2025 Q4 | 38 | $308.7M | 100 | ||
| 2025 Q3 | 35 | $298.2M | 100 | 1000000 | |
| 2025 Q2 | 39 | $294.5M | 0 | ||
| 2025 Q1 | 35 | $253.6M | 100 | ||
| 2024 Q4 | 39 | $272.0M | 0 | ||
| 2024 Q3 | 35 | $301.1M | 0 | ||
| 2024 Q2 | 35 | $292.7M | 0 | ||
| 2024 Q1 | 36 | $294.0M | 0 | ||
| 2023 Q4 | 36 | $284.9M | 0 | ||
| 2023 Q3 | 38 | $276.2M | 0 | ||
| 2023 Q2 | 37 | $290.8M | 0 | ||
| 2023 Q1 | 39 | $286.4M | 0 | ||
| 2022 Q4 | 33 | $247.5M | 0 | ||
| 2022 Q3 | 30 | $255.3M | 0 | ||
| 2022 Q2 | 34 | $254.9M | 0 | ||
| 2022 Q1 | 36 | $287.6M | 0 | ||
| 2021 Q4 | 43 | $312.0M | 0 | ||
| 2021 Q3 | 39 | $307.5M | 0 | ||
| 2021 Q2 | 40 | $301.0M | 100 | ||
| 2021 Q1 | 38 | $280.4M | 26 | ||
| 2020 Q4 | 30 | $229.8M | 17 | ||
| 2020 Q3 | 30 | $203.1M | 20 | ||
| 2020 Q2 | 26 | $169.5M | 29 | ||
| 2020 Q1 | 21 | $136.9M | 60 | ||
| 2019 Q4 | 19 | $112.6M | 32 | ||
| 2019 Q3 | 18 | $112.7M | 21 | ||
| 2019 Q2 | 16 | $123.6M | 7 | ||
| 2019 Q1 | 16 | $125.0M | 18 | ||
| 2018 Q4 | 15 | $105.0M | — |
Holding changes this quarter
Defender Capital, LLC.'s most significant position changes for 2026-06-30: Sold out: Fortive CORP (FTV); New buy: Vanguard S&p 500 ETF (VOO); New buy: Atomera Inc (ATOM); New buy: Ishares Russell 2000 ETF (IWM); New buy: Ste Str Spdr Pt S&p 500 ETF (SPYM).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AXON | Axon Enterprise Inc | +4.6% | +25.63% | Add |
| 2 | AMZN | Amazon.com Inc | +1.4% | +171.00% | Add |
| 3 | ISRG | Intuitive Surgical Inc | +1.1% | +1386.66% | Add |
| 4 | VOO | Vanguard S&p 500 ETF | +1.1% | NEW | New buy |
| 5 | ATOM | Atomera Inc | +0.8% | NEW | New buy |
| 6 | MNST | Monster Beverage CORP | +0.8% | -5.26% | Trim |
| 7 | TSLA | Tesla Inc | +0.7% | +16.07% | Add |
| 8 | TDY | Teledyne Technologies Inc | +0.4% | +6.23% | Add |
| 9 | IWM | Ishares Russell 2000 ETF | +0.2% | NEW | New buy |
| 10 | SPYM | Ste Str Spdr Pt S&p 500 ETF | +0.2% | NEW | New buy |
| 11 | GOOGL | Alphabet Inc-cl A | +0.2% | -6.63% | Trim |
| 12 | CELH | Celsius Holdings Inc | +0.2% | NEW | New buy |
| 13 | ESAB | Esab CORP | +0.2% | +23.16% | Add |
| 14 | CSCO | Cisco Systems Inc | +0.1% | NEW | New buy |
| 15 | MSFT | Microsoft CORP | +0.1% | +28.40% | Add |
| 16 | V | Visa Inc-class A Shares | +0.1% | NEW | New buy |
| 17 | TSM | Taiwan Semiconductor-sp Adr | 0% | — | Unchanged |
| 18 | NVDA | Nvidia CORP | 0% | +0.67% | Add |
| 19 | AAPL | Apple Inc | 0% | +0.64% | Add |
| 20 | NMAX | Newsmax Inc | 0% | — | Unchanged |
| 21 | CSX | Csx CORP | 0% | — | Unchanged |
| 22 | JPM | Jpmorgan Chase & Co | — | — | Unchanged |
| 23 | MO | Altria Group Inc | — | — | Unchanged |
| 24 | JNJ | Johnson & Johnson | 0% | — | Unchanged |
| 25 | PSX | Phillips 66 | 0% | — | Unchanged |
| 26 | MLM | Martin Marietta Materials | 0% | — | Unchanged |
| 27 | ✓ | Joby Aviation Inc | 0% | EXIT | Sold out |
| 28 | PFE | Pfizer Inc | 0% | — | Unchanged |
| 29 | INTC | Intel CORP | -0.1% | -79.00% | Trim |
| 30 | GOOG | Alphabet Inc-cl C | -0.1% | -24.87% | Trim |
| 31 | GILD | Gilead Sciences Inc | -0.1% | EXIT | Sold out |
| 32 | BE | Bloom Energy Corp- A | -0.1% | EXIT | Sold out |
| 33 | STAA | Staar Surgical Co | -0.3% | -33.10% | Trim |
| 34 | VLTO | Veralto CORP | -0.4% | +3.70% | Add |
| 35 | BRK-B | Berkshire Hathaway Inc-cl B | -0.5% | +1.77% | Add |
| 36 | COST | Costco Wholesale CORP | -0.7% | -3.46% | Trim |
| 37 | LCTX | Lineage Cell Therapeutics In | -1% | -1.94% | Trim |
| 38 | DHR | Danaher CORP | -1.4% | -5.59% | Trim |
| 39 | FTV | Fortive CORP | -1.7% | EXIT | Sold out |
| 40 | ARM | Arm Holdings Plc-adr | -2.9% | -79.20% | Trim |
| 41 | PLTR | Palantir Technologies Inc-a | -3.1% | +8.68% | Add |
Filing History
FAQ
What is Defender Capital, LLC. and what type of investor is it?
Defender Capital, 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 $308.0M, spread across 37 disclosed positions.
What are Defender Capital, LLC.'s largest equity positions?
Based on the latest 13F filing, Defender Capital, LLC.'s top holdings by market value are:
1. Berkshire Hathaway Inc-cl B (BRK-B) — $50.7M (16.5%)
2. Axon Enterprise Inc (AXON) — $41.8M (13.6%)
3. Palantir Technologies Inc-a (PLTR) — $36.1M (11.7%)
4. Danaher CORP (DHR) — $28.3M (9.2%)
5. Veralto CORP (VLTO) — $22.0M (7.2%)
What changes did Defender Capital, LLC. make in its most recent portfolio filing?
In the latest reported quarter, Defender Capital, LLC. made 32 notable position adjustments: 7 new positions were initiated, 12 existing holdings were added to, 9 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: Fortive CORP (FTV); New buy: Vanguard S&p 500 ETF (VOO); New buy: Atomera Inc (ATOM); New buy: Ishares Russell 2000 ETF (IWM); New buy: Ste Str Spdr Pt S&p 500 ETF (SPYM)
What sectors does Defender Capital, LLC. focus on?
Defender Capital, LLC. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 29.6%
• Information Technology: 28.4%
• Health Care: 14.3%
• Consumer Staples: 13.4%
• Consumer Discretionary: 8.5%
• Communication Services: 5.1%
Investment Profile
Defender Capital, LLC. returned an annualized 25.0% over the trailing 33 months — outperforming the S&P 500 by 4.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.93 (roughly in line with the market) and a 55% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active.
Its turnover score has risen from 0 to 25 over the past 4 quarters — a shift toward more active trading.
It has added to its AXON position over the past two quarters (+$18.0M, now $41.8M), while trimming DHR over the same stretch (-$7.4M, still holding $28.3M).
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Developer Access
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