LC
Luma Capital S.A. - SPF — 13F Portfolio Breakdown & Top Holdings (Q2 2026)
Luma Capital S.A. - SPFCIK: 0002087462
Momentum followerSector-focusedQuality / disciplined sizing
Total reported value
$112.1M
Reporting period: 2026-06-30 · Number of holdings: 12
Luma Capital S.A. - SPF disclosed 12 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $112.1M and a quarterly turnover rate of 10.9%.
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Personality snowflake
- Concentration
- 46.5
- Portfolio Stability
- 10.94
- Momentum
- 100
- Sector conviction
- 88.81
- Diversification
- 24
- Sizing Uniformity
- 93.44
Luma Capital S.A. - SPF's disclosed holdings carry a Herfindahl concentration index of 0.116 — mathematically equivalent to about 9 equally-sized positions, close to its 12 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 0.66), 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 5.1 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 GOOGL
0.0% $4.1M
Trim NFLX
0.0% -$1.8M
Add AMZN
0.0% $2.4M
Trim MKL
0.0% $273.8K
Add V
0.0% $1.4M
Trim MSFT
0.0% $58.4K
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 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 18.76% | +2.47% | — | |
| 2 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 16.74% | +0.96% | — | |
| 3 | MKL | Markel Group Inc | Stock-Financials | 12.25% | -0.70% | — | |
| 4 | V | Visa Inc-class A Shares | Stock-Financials | 10.40% | +0.51% | — | |
| 5 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 9.09% | -0.31% | — | |
| 6 | NVR | Nvr Inc | Stock-Consumer Disc | 8.23% | -0.36% | — | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 6.82% | -0.48% | — | |
| 8 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 4.96% | -0.09% | +2400.00% | |
| 9 | NFLX | Netflix Inc | Stock-Comm Services | 4.63% | -2.10% | — | |
| 10 | MA | Mastercard Inc - A | Stock-Financials | 4.31% | -0.21% | — | |
| 11 | FND | Floor & Decor Holdings Inc-a | Stock-Consumer Disc | 3.19% | +0.25% | — | |
| 12 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.63% | +0.08% | — |
Portfolio Performance
Performance for Q3 2026
+2.1%
Performance Last 4 Quarters
+7.1%
- Stdev
- +22.1%
- Beta
- +1.03
- Alpha
- -9.5%
- Max Drawdown
- -3.4%
- Annualized Perf
- +14.7%
- Batting Avg vs S&P
- +33.3%
- Sortino
- +1.5
- Stutzer
- +0.23
- Treynor
- +0.15
- Sterling
- —
- Calmar
- +4.33
- Information Ratio
- -0.8
- Tracking Error
- +11.1%
- Stdev Down
- +10.5%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.25
- Sharpe
- +0.71
- Stdev Sectors
- +10.7%
- Skewness
- +0.46
- Kurtosis
- -0.65
- Upside Potential
- +3.4
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Luma Capital S.A. - SPF's most significant position changes for 2026-06-30: Add: Booking Holdings Inc (BKNG) — shares +2400.00%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +2.5% | — | Unchanged |
| 2 | AMZN | Amazon.com Inc | +1% | — | Unchanged |
| 3 | V | Visa Inc-class A Shares | +0.5% | — | Unchanged |
| 4 | FND | Floor & Decor Holdings Inc-a | +0.3% | — | Unchanged |
| 5 | GOOG | Alphabet Inc-cl C | +0.1% | — | Unchanged |
| 6 | BKNG | Booking Holdings Inc | -0.1% | +2400.00% | Add |
| 7 | MA | Mastercard Inc - A | -0.2% | — | Unchanged |
| 8 | BRK-B | Berkshire Hathaway Inc-cl B | -0.3% | — | Unchanged |
| 9 | NVR | Nvr Inc | -0.4% | — | Unchanged |
| 10 | MSFT | Microsoft CORP | -0.5% | — | Unchanged |
| 11 | MKL | Markel Group Inc | -0.7% | — | Unchanged |
| 12 | NFLX | Netflix Inc | -2.1% | — | Unchanged |
Filing History
FAQ
What is Luma Capital S.A. - SPF and what type of investor is it?
Luma Capital S.A. - SPF 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 $112.1M, spread across 12 disclosed positions.
What are Luma Capital S.A. - SPF's largest equity positions?
Based on the latest 13F filing, Luma Capital S.A. - SPF's top holdings by market value are:
1. Alphabet Inc-cl A (GOOGL) — $21.0M (18.8%)
2. Amazon.com Inc (AMZN) — $18.8M (16.7%)
3. Markel Group Inc (MKL) — $13.7M (12.3%)
4. Visa Inc-class A Shares (V) — $11.7M (10.4%)
5. Berkshire Hathaway Inc-cl B (BRK-B) — $10.2M (9.1%)
What changes did Luma Capital S.A. - SPF make in its most recent portfolio filing?
In the latest quarter, Luma Capital S.A. - SPF was primarily adding exposure — initiating 0 new positions and adding to 1 existing holdings. The largest of these moves: Add: Booking Holdings Inc (BKNG) — shares +2400.00%
What sectors does Luma Capital S.A. - SPF focus on?
Luma Capital S.A. - SPF is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 36.4%
• Financials: 29.7%
• Communication Services: 26.4%
• Information Technology: 7.5%
Investment Profile
Luma Capital S.A. - SPF returned an annualized 14.7% over the trailing 6 months — underperforming the S&P 500 by 9.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.03 (roughly in line with the market) and a 33% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 36.4% of the portfolio concentrated in Consumer Discretionary.
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