EC
Explore Capital Management, LLC Quarterly 13F Portfolio Update (Q2 2026)
Explore Capital Management, LLCCIK: 0002026286
Quality / disciplined sizingLong-term holderSector-focused
Total reported value
$114.0M
Reporting period: 2026-06-30 · Number of holdings: 11
Explore Capital Management, LLC disclosed 11 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $114.0M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 44.16
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 73.7
- Diversification
- 22
- Sizing Uniformity
- 95.14
Explore Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.110 — mathematically equivalent to about 9 equally-sized positions, close to its 11 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.49), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
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.govSold out OWL
Add TSM
0.0% $5.8M
New buy AVGO
Trim SPGI
-11.9% -$2.1M
Add THC
+60.8% $3.1M
Trim NU
-23.9% -$1.8M
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 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 17.40% | +4.25% | — | |
| 2 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 13.63% | +0.47% | -3.38% | |
| 3 | MA | Mastercard Inc - A | Stock-Financials | 13.41% | +1.03% | +12.59% | |
| 4 | META | Meta Platforms Inc-class A | Stock-Comm Services | 10.23% | +0.48% | +13.74% | |
| 5 | SPGI | S&p Global Inc | Stock-Financials | 10.13% | -2.69% | -11.89% | |
| 6 | MU | Micron Technology Inc | Stock-Tech | 8.74% | -1.58% | -73.53% | |
| 7 | THC | Tenet Healthcare CORP | Stock-Healthcare | 7.20% | +2.37% | +60.81% | |
| 8 | V | Visa Inc-class A Shares | Stock-Financials | 7.19% | +0.42% | — | |
| 9 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 4.38% | -1.21% | +9.52% | |
| 10 | NU | Nu Holdings Ltd. | Stock-Financials | 3.92% | -2.00% | -23.91% | |
| 11 | AVGO | Broadcom Inc | Stock-Tech | 3.78% | +3.78% | NEW |
Portfolio Performance
Performance for Q3 2026
+5.8%
Performance Last 4 Quarters
+12.5%
- Stdev
- +23.5%
- Beta
- +1.53
- Alpha
- -15.3%
- Max Drawdown
- -18.8%
- Annualized Perf
- +12.5%
- Batting Avg vs S&P
- +33.3%
- Sortino
- +1.21
- Stutzer
- +0.19
- Treynor
- +0.09
- Sterling
- +0.43
- Calmar
- +0.66
- Information Ratio
- -0.37
- Tracking Error
- +13.7%
- Stdev Down
- +11.8%
- Winning Months %
- +41.7%
- Losing Months %
- +58.3%
- Best 12 Months
- +12.5%
- Worst 12 Months
- +12.5%
- Efficiency Ratio
- +0.2
- Sharpe
- +0.61
- Stdev Sectors
- +11.5%
- Skewness
- +0.45
- Kurtosis
- -0.7
- Upside Potential
- +3.28
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Explore Capital Management, LLC's most significant position changes for 2026-06-30: Sold out: Blue Owl Capital Inc (OWL); New buy: Broadcom Inc (AVGO); Trim: S&p Global Inc (SPGI) — shares -11.89%; Add: Tenet Healthcare CORP (THC) — shares +60.81%; Trim: Nu Holdings Ltd. (NU) — shares -23.91%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | +4.3% | — | Unchanged |
| 2 | AVGO | Broadcom Inc | +3.8% | NEW | New buy |
| 3 | THC | Tenet Healthcare CORP | +2.4% | +60.81% | Add |
| 4 | MA | Mastercard Inc - A | +1% | +12.59% | Add |
| 5 | META | Meta Platforms Inc-class A | +0.5% | +13.74% | Add |
| 6 | AMZN | Amazon.com Inc | +0.5% | -3.38% | Trim |
| 7 | V | Visa Inc-class A Shares | +0.4% | — | Unchanged |
| 8 | AEM | Agnico Eagle Mines LTD | -1.2% | +9.52% | Add |
| 9 | MU | Micron Technology Inc | -1.6% | -73.53% | Trim |
| 10 | NU | Nu Holdings Ltd. | -2% | -23.91% | Trim |
| 11 | SPGI | S&p Global Inc | -2.7% | -11.89% | Trim |
| 12 | OWL | Blue Owl Capital Inc | -5.3% | EXIT | Sold out |
Filing History
FAQ
What is Explore Capital Management, LLC and what type of investor is it?
Explore 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 $114.0M, spread across 11 disclosed positions.
What are Explore Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, Explore Capital Management, LLC's top holdings by market value are:
1. Taiwan Semiconductor-sp Adr (TSM) — $19.8M (17.4%)
2. Amazon.com Inc (AMZN) — $15.5M (13.6%)
3. Mastercard Inc - A (MA) — $15.3M (13.4%)
4. Meta Platforms Inc-class A (META) — $11.7M (10.2%)
5. S&p Global Inc (SPGI) — $11.5M (10.1%)
What changes did Explore Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Explore Capital Management, LLC made 10 notable position adjustments: 1 new positions were initiated, 4 existing holdings were added to, 4 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Blue Owl Capital Inc (OWL); New buy: Broadcom Inc (AVGO); Trim: S&p Global Inc (SPGI) — shares -11.89%; Add: Tenet Healthcare CORP (THC) — shares +60.81%; Trim: Nu Holdings Ltd. (NU) — shares -23.91%
What sectors does Explore Capital Management, LLC focus on?
Explore Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 34.6%
• Information Technology: 29.9%
• Consumer Discretionary: 13.6%
• Communication Services: 10.2%
• Health Care: 7.2%
• Materials: 4.4%
Investment Profile
Explore Capital Management, LLC returned an annualized 12.5% over the trailing 12 months — underperforming the S&P 500 by 15.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.53 (more volatile than the market) and a 33% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 34.6% of the portfolio concentrated in Financials.
It has added to its TSM position over the past two quarters (+$7.2M, now $19.8M), while trimming SPGI over the same stretch (-$3.0M, still holding $11.5M).
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