FG
Franchise GP Ltd Quarterly 13F Portfolio Update (Q2 2026)
Franchise GP LtdCIK: 0002083646
High-turnover traderSector-focusedContrarian
Total reported value
$215.2M
Reporting period: 2026-06-30 · Number of holdings: 39
Franchise GP Ltd disclosed 39 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $215.2M and a quarterly turnover rate of 106.8%.
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Personality snowflake
- Concentration
- 35.04
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 78
- Sizing Uniformity
- 84.25
Franchise GP Ltd's disclosed holdings carry a Herfindahl concentration index of 0.088 — mathematically equivalent to about 11 equally-sized positions, well below its 39 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 1.57), 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.govTrim CRCL
-99.8% -$42.3M
Trim NVDA
-69.8% -$37.2M
Add AMD
+256.6% $19.6M
Add SNDK
+75.3% $14.4M
Sold out PBR
Add MU
+61.0% $12.6M
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 | PDD | Pdd Holdings Inc | Stock-Consumer Disc | 17.64% | -1.07% | — | |
| 2 | AMD | Advanced Micro Devices | Stock-Tech | 10.09% | +9.31% | +256.58% | |
| 3 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 9.77% | -2.24% | -54.45% | |
| 4 | NVDA | Nvidia CORP | Stock-Tech | 9.17% | -11.76% | -69.78% | |
| 5 | YB | Yuanbao Inc -adr | Stock-Other | 8.60% | +5.14% | +127.52% | |
| 6 | SNDK | Sandisk CORP | Stock-Tech | 7.94% | +6.94% | +75.29% | |
| 7 | MU | Micron Technology Inc | Stock-Tech | 7.18% | +6.15% | +61.01% | |
| 8 | AVGO | Broadcom Inc | Stock-Tech | 6.14% | +2.23% | +1.80% | |
| 9 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 3.87% | +3.81% | +6160.86% | |
| 10 | NBIS | Nebius Group N.V. | Stock-Other | 3.27% | +3.27% | NEW | |
| 11 | WDC | Western Digital CORP | Stock-Tech | 3.18% | +3.18% | NEW | |
| 12 | LRCX | Lam Research CORP | Stock-Tech | 2.95% | +2.95% | NEW | |
| 13 | STX | Seagate Technology Holdings plc | Stock-Tech | 2.26% | +2.26% | NEW | |
| 14 | LITE | Lumentum Holdings Inc | Stock-Tech | 1.83% | -3.12% | -75.98% | |
| 15 | TER | Teradyne Inc | Stock-Tech | 1.12% | +0.57% | — | |
| 16 | DELL | Dell Technologies -c | Stock-Tech | 0.99% | +0.99% | NEW | |
| 17 | LSCC | Lattice Semiconductor CORP | Stock-Tech | 0.94% | +0.94% | NEW | |
| 18 | ADI | Analog Devices Inc | Stock-Tech | 0.85% | +0.85% | NEW | |
| 19 | SNOW | Snowflake Inc | Stock-Tech | 0.37% | +0.37% | NEW | |
| 20 | AMAT | Applied Materials Inc | Stock-Tech | 0.29% | +0.29% | NEW | |
| 21 | ARM | Arm Holdings Plc-adr | Stock-Tech | 0.21% | +0.21% | NEW | |
| 22 | VTR | Ventas Inc | Stock-Real Estate | 0.15% | +0.13% | +626.20% | |
| 23 | PHM | Pultegroup Inc | Stock-Consumer Disc | 0.12% | +0.04% | — | |
| 24 | AHR | American Healthcare Reit Inc | Stock-Real Estate | 0.12% | +0.09% | +207.17% | |
| 25 | CTRE | Caretrust Reit Inc | Stock-Real Estate | 0.11% | +0.11% | NEW | |
| 26 | WELL | Welltower Inc | Stock-Real Estate | 0.10% | +0.07% | +120.04% | |
| 27 | ETHA | Ishares Ethereum Trust ETF | ETF-Other | 0.09% | +0.05% | +124.83% | |
| 28 | DHI | Dr Horton Inc | Stock-Consumer Disc | 0.08% | +0.03% | — | |
| 29 | NOK | Nokia Corp-spon Adr | Stock-Tech | 0.08% | +0.08% | NEW | |
| 30 | DLR | Digital Realty Trust Inc | Stock-Real Estate | 0.08% | — | -26.03% | |
| 31 | GDS | Gds Holdings LTD - Adr | Stock-Other | 0.06% | +0.06% | NEW | |
| 32 | COLD | Americold Realty Trust Inc | Stock-Real Estate | 0.06% | +0.02% | — | |
| 33 | HST | Host Hotels & Resorts Inc | Stock-Real Estate | 0.06% | -0.02% | -52.65% | |
| 34 | BMNR | Bitmine Immersion Technologi | Stock-Financials | 0.06% | +0.03% | +109.09% | |
| 35 | IRM | Iron Mountain Inc | Stock-Real Estate | 0.05% | +0.03% | +79.12% | |
| 36 | EQIX | Equinix Inc | Stock-Real Estate | 0.04% | -0.06% | -70.04% | |
| 37 | VICI | Vici Properties Inc | Stock-Real Estate | 0.03% | +0.01% | — | |
| 38 | BEKE | Ke Holdings Inc-adr | Stock-Other | 0.03% | +0.01% | — | |
| 39 | CRCL | Circle Internet Group Inc | Stock-Financials | 0.03% | -15.54% | -99.80% |
Portfolio Performance
Performance for Q3 2026
-4.3%
Performance Last 4 Quarters
-2.8%
- Stdev
- +24.3%
- Beta
- +0.93
- Alpha
- -26.2%
- Max Drawdown
- -13.6%
- Annualized Perf
- -5.5%
- Batting Avg vs S&P
- +33.3%
- Sortino
- -0.23
- Stutzer
- -0.04
- Treynor
- -0.03
- Sterling
- —
- Calmar
- -0.4
- Information Ratio
- -1.63
- Tracking Error
- +17.1%
- Stdev Down
- +14.3%
- Winning Months %
- +33.3%
- Losing Months %
- +66.7%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.08
- Sharpe
- -0.13
- Stdev Sectors
- +31.6%
- Skewness
- +0.51
- Kurtosis
- -1.44
- Upside Potential
- +2.38
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Franchise GP Ltd's most significant position changes for 2026-06-30: Sold out: Petroleo Brasileiro-spon Adr (PBR); Sold out: Alphabet Inc-cl C (GOOG); New buy: Nebius Group N.V. (NBIS); New buy: Western Digital CORP (WDC); New buy: Lam Research CORP (LRCX).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMD | Advanced Micro Devices | +9.3% | +256.58% | Add |
| 2 | SNDK | Sandisk CORP | +6.9% | +75.29% | Add |
| 3 | MU | Micron Technology Inc | +6.2% | +61.01% | Add |
| 4 | YB | Yuanbao Inc -adr | +5.1% | +127.52% | Add |
| 5 | IBIT | Ishares Bitcoin Trust ETF | +3.8% | +6160.86% | Add |
| 6 | NBIS | Nebius Group N.V. | +3.3% | NEW | New buy |
| 7 | WDC | Western Digital CORP | +3.2% | NEW | New buy |
| 8 | LRCX | Lam Research CORP | +3% | NEW | New buy |
| 9 | STX | Seagate Technology Holdings plc | +2.3% | NEW | New buy |
| 10 | AVGO | Broadcom Inc | +2.2% | +1.80% | Add |
| 11 | DELL | Dell Technologies -c | +1% | NEW | New buy |
| 12 | LSCC | Lattice Semiconductor CORP | +0.9% | NEW | New buy |
| 13 | ADI | Analog Devices Inc | +0.9% | NEW | New buy |
| 14 | TER | Teradyne Inc | +0.6% | — | Unchanged |
| 15 | SNOW | Snowflake Inc | +0.4% | NEW | New buy |
| 16 | AMAT | Applied Materials Inc | +0.3% | NEW | New buy |
| 17 | ARM | Arm Holdings Plc-adr | +0.2% | NEW | New buy |
| 18 | VTR | Ventas Inc | +0.1% | +626.20% | Add |
| 19 | CTRE | Caretrust Reit Inc | +0.1% | NEW | New buy |
| 20 | AHR | American Healthcare Reit Inc | +0.1% | +207.17% | Add |
| 21 | NOK | Nokia Corp-spon Adr | +0.1% | NEW | New buy |
| 22 | WELL | Welltower Inc | +0.1% | +120.04% | Add |
| 23 | GDS | Gds Holdings LTD - Adr | +0.1% | NEW | New buy |
| 24 | ETHA | Ishares Ethereum Trust ETF | +0.1% | +124.83% | Add |
| 25 | PHM | Pultegroup Inc | 0% | — | Unchanged |
| 26 | IRM | Iron Mountain Inc | 0% | +79.12% | Add |
| 27 | BMNR | Bitmine Immersion Technologi | 0% | +109.09% | Add |
| 28 | DHI | Dr Horton Inc | 0% | — | Unchanged |
| 29 | COLD | Americold Realty Trust Inc | 0% | — | Unchanged |
| 30 | VICI | Vici Properties Inc | 0% | — | Unchanged |
| 31 | BEKE | Ke Holdings Inc-adr | 0% | — | Unchanged |
| 32 | DLR | Digital Realty Trust Inc | — | -26.03% | Trim |
| 33 | HST | Host Hotels & Resorts Inc | 0% | -52.65% | Trim |
| 34 | APP | Applovin Corp-class A | 0% | EXIT | Sold out |
| 35 | EQIX | Equinix Inc | -0.1% | -70.04% | Trim |
| 36 | LLY | Eli Lilly & Co | -0.3% | EXIT | Sold out |
| 37 | APH | Amphenol Corp-cl A | -0.5% | EXIT | Sold out |
| 38 | PLTR | Palantir Technologies Inc-a | -0.6% | EXIT | Sold out |
| 39 | RBLX | Roblox CORP -class A | -0.6% | EXIT | Sold out |
| 40 | PDD | Pdd Holdings Inc | -1.1% | — | Unchanged |
| 41 | VRT | Vertiv Holdings Co-a | -1.2% | EXIT | Sold out |
| 42 | FUTU | Futu Holdings Ltd-adr | -1.5% | EXIT | Sold out |
| 43 | META | Meta Platforms Inc-class A | -1.8% | EXIT | Sold out |
| 44 | TSM | Taiwan Semiconductor-sp Adr | -2.2% | -54.45% | Trim |
| 45 | LITE | Lumentum Holdings Inc | -3.1% | -75.98% | Trim |
| 46 | GOOG | Alphabet Inc-cl C | -3.4% | EXIT | Sold out |
| 47 | PBR | Petroleo Brasileiro-spon Adr | -6.5% | EXIT | Sold out |
| 48 | NVDA | Nvidia CORP | -11.8% | -69.78% | Trim |
| 49 | CRCL | Circle Internet Group Inc | -15.5% | -99.80% | Trim |
Filing History
FAQ
What is Franchise GP Ltd and what type of investor is it?
Franchise GP Ltd 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 $215.2M, spread across 39 disclosed positions.
What are Franchise GP Ltd's largest equity positions?
Based on the latest 13F filing, Franchise GP Ltd's top holdings by market value are:
1. Pdd Holdings Inc (PDD) — $38.0M (17.6%)
2. Advanced Micro Devices (AMD) — $21.7M (10.1%)
3. Taiwan Semiconductor-sp Adr (TSM) — $21.0M (9.8%)
4. Nvidia CORP (NVDA) — $19.7M (9.2%)
5. Yuanbao Inc -adr (YB) — $18.5M (8.6%)
What changes did Franchise GP Ltd make in its most recent portfolio filing?
In the latest reported quarter, Franchise GP Ltd made 42 notable position adjustments: 13 new positions were initiated, 12 existing holdings were added to, 7 positions were partially reduced, and 10 were completely exited. The largest of these moves: Sold out: Petroleo Brasileiro-spon Adr (PBR); Sold out: Alphabet Inc-cl C (GOOG); New buy: Nebius Group N.V. (NBIS); New buy: Western Digital CORP (WDC); New buy: Lam Research CORP (LRCX)
What sectors does Franchise GP Ltd focus on?
Franchise GP Ltd is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 77.7%
• Consumer Discretionary: 21.2%
• Real Estate: 0.9%
• Financials: 0.1%
Investment Profile
Franchise GP Ltd returned an annualized -5.5% over the trailing 6 months — underperforming the S&P 500 by 26.2 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 33% quarterly batting average against the index.
Its portfolio is moderately concentrated and fast-trading, with 77.7% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 100 over the past 2 quarters — a shift toward more active trading.
It has added to its YB position over the past two quarters (+$17.2M, now $18.5M), while trimming BEKE over the same stretch (-$4.9K, still holding $58.1K).
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