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Park State Asset Management — 13F Portfolio Changes & Top Buys (Q2 2026)
Park State Asset ManagementCIK: 0001908423
Momentum followerQuality / disciplined sizing
Total reported value
$102.4M
Reporting period: 2026-06-30 · Number of holdings: 25
Park State Asset Management disclosed 25 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $102.4M and a quarterly turnover rate of 30.8%.
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Personality snowflake
- Concentration
- 34.01
- Portfolio Stability
- 30.83
- Momentum
- 100
- Sector conviction
- 55.67
- Diversification
- 50
- Sizing Uniformity
- 89.17
Park State Asset Management's disclosed holdings carry a Herfindahl concentration index of 0.085 — mathematically equivalent to about 12 equally-sized positions, well below its 25 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 1.08), 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.govTrim ADBE
-78.1% -$5.5M
Trim TJX
-40.0% -$5.2M
Add QLYS
-25.6% $835.5K
Add V
-18.4% -$813.8K
Add MA
+28.0% $671.5K
Trim CPRT
-29.8% -$2.3M
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 16.31% | +0.26% | -36.04% | |
| 2 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 12.65% | +0.85% | -27.36% | |
| 3 | AAPL | Apple Inc | Stock-Tech | 10.99% | +0.76% | -26.96% | |
| 4 | V | Visa Inc-class A Shares | Stock-Financials | 10.01% | +1.63% | -18.38% | |
| 5 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 6.66% | -2.41% | -39.98% | |
| 6 | QLYS | Qualys Inc | Stock-Tech | 5.80% | +1.94% | -25.65% | |
| 7 | RACE | Ferrari N.V. | Stock-Consumer Disc | 4.88% | +0.25% | -25.76% | |
| 8 | MCO | Moody's CORP | Stock-Financials | 4.60% | -0.01% | -25.55% | |
| 9 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 4.57% | -0.61% | -27.22% | |
| 10 | ALGN | Align Technology Inc | Stock-Healthcare | 3.53% | -0.79% | -35.73% | |
| 11 | TREX | Trex Company Inc | Stock-Industrials | 3.42% | +0.78% | -26.84% | |
| 12 | CPRT | Copart Inc | Stock-Industrials | 3.33% | -1.00% | -29.83% | |
| 13 | MA | Mastercard Inc - A | Stock-Financials | 2.73% | +1.12% | +28.03% | |
| 14 | DPZ | Domino's Pizza Inc | Stock-Consumer Disc | 2.69% | -0.69% | -25.27% | |
| 15 | DHR | Danaher CORP | Stock-Healthcare | 2.06% | -0.44% | -36.23% | |
| 16 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.36% | +0.51% | +0.13% | |
| 17 | ADBE | Adobe Inc | Stock-Tech | 1.21% | -3.86% | -78.09% | |
| 18 | ADP | Automatic Data Processing | Stock-Tech | 1.14% | +0.33% | -0.86% | |
| 19 | AMT | American Tower CORP | Stock-Real Estate | 0.54% | +0.03% | -12.28% | |
| 20 | IXUS | Ishares Core Intl Stock ETF | ETF-Other | 0.32% | +0.32% | NEW | |
| 21 | VTV | Vanguard Value ETF | ETF-Other | 0.30% | +0.30% | NEW | |
| 22 | PZA | Invesco National Amt-free Mu | ETF-Other | 0.26% | +0.26% | NEW | |
| 23 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.25% | +0.08% | — | |
| 24 | AVUV | Avantis US Small Cap Value | ETF-Small Cap | 0.21% | +0.21% | NEW | |
| 25 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.20% | +0.20% | NEW |
Portfolio Performance
Performance for Q3 2026
+5.1%
Performance Last 4 Quarters
+10.2%
- Stdev
- +14.4%
- Beta
- +0.95
- Alpha
- -8.4%
- Max Drawdown
- -12.1%
- Annualized Perf
- +10.1%
- Batting Avg vs S&P
- +30.6%
- Sortino
- +1.39
- Stutzer
- +0.22
- Treynor
- +0.11
- Sterling
- +0.55
- Calmar
- +0.84
- Information Ratio
- -1.23
- Tracking Error
- +7.6%
- Stdev Down
- +7.7%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +28.2%
- Worst 12 Months
- -4.4%
- Efficiency Ratio
- +0.29
- Sharpe
- +0.74
- Stdev Sectors
- +8.7%
- Skewness
- +0.57
- Kurtosis
- +0.53
- Upside Potential
- +3.18
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 25 | $102.4M | 31 | ||
| 2026 Q1 | 20 | $132.1M | 16 | ||
| 2025 Q4 | 20 | $149.1M | 14 | ||
| 2025 Q3 | 19 | $145.8M | 24 | ||
| 2025 Q2 | 20 | $155.9M | 0 | ||
| 2025 Q1 | 22 | $163.5M | 0 | ||
| 2024 Q4 | 21 | $177.9M | 0 | ||
| 2024 Q3 | 19 | $170.3M | 0 | ||
| 2024 Q2 | 19 | $168.3M | 0 | ||
| 2024 Q1 | 19 | $168.0M | 0 | ||
| 2023 Q4 | 19 | $158.2M | 0 | ||
| 2023 Q3 | 18 | $137.2M | 0 | ||
| 2023 Q2 | 18 | $137.0M | 0 | ||
| 2023 Q1 | 20 | $120.8M | 0 | ||
| 2022 Q4 | 18 | $106.5M | 0 | ||
| 2022 Q3 | 18 | $99.7M | 0 | ||
| 2022 Q2 | 18 | $100.7M | 0 | ||
| 2022 Q1 | 18 | $116.4M | 0 | ||
| 2021 Q4 | 18 | $130.3M | 0 |
Holding changes this quarter
Park State Asset Management's most significant position changes for 2026-06-30: New buy: Ishares Core Intl Stock ETF (IXUS); New buy: Vanguard Value ETF (VTV); New buy: Invesco National Amt-free Mu (PZA); New buy: Avantis US Small Cap Value (AVUV); New buy: Invesco Qqq Trust Series 1 (QQQ).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | QLYS | Qualys Inc | +1.9% | -25.65% | Trim |
| 2 | V | Visa Inc-class A Shares | +1.6% | -18.38% | Trim |
| 3 | MA | Mastercard Inc - A | +1.1% | +28.03% | Add |
| 4 | AMZN | Amazon.com Inc | +0.9% | -27.36% | Trim |
| 5 | TREX | Trex Company Inc | +0.8% | -26.84% | Trim |
| 6 | AAPL | Apple Inc | +0.8% | -26.96% | Trim |
| 7 | GOOGL | Alphabet Inc-cl A | +0.5% | +0.13% | Add |
| 8 | ADP | Automatic Data Processing | +0.3% | -0.86% | Trim |
| 9 | IXUS | Ishares Core Intl Stock ETF | +0.3% | NEW | New buy |
| 10 | VTV | Vanguard Value ETF | +0.3% | NEW | New buy |
| 11 | GOOG | Alphabet Inc-cl C | +0.3% | -36.04% | Trim |
| 12 | PZA | Invesco National Amt-free Mu | +0.3% | NEW | New buy |
| 13 | RACE | Ferrari N.V. | +0.3% | -25.76% | Trim |
| 14 | AVUV | Avantis US Small Cap Value | +0.2% | NEW | New buy |
| 15 | QQQ | Invesco Qqq Trust Series 1 | +0.2% | NEW | New buy |
| 16 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | — | Unchanged |
| 17 | AMT | American Tower CORP | 0% | -12.28% | Trim |
| 18 | MCO | Moody's CORP | 0% | -25.55% | Trim |
| 19 | DHR | Danaher CORP | -0.4% | -36.23% | Trim |
| 20 | COST | Costco Wholesale CORP | -0.6% | -27.22% | Trim |
| 21 | DPZ | Domino's Pizza Inc | -0.7% | -25.27% | Trim |
| 22 | ALGN | Align Technology Inc | -0.8% | -35.73% | Trim |
| 23 | CPRT | Copart Inc | -1% | -29.83% | Trim |
| 24 | TJX | Tjx Companies Inc | -2.4% | -39.98% | Trim |
| 25 | ADBE | Adobe Inc | -3.9% | -78.09% | Trim |
Filing History
FAQ
What is Park State Asset Management and what type of investor is it?
Park State Asset Management 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 $102.4M, spread across 25 disclosed positions.
What are Park State Asset Management's largest equity positions?
Based on the latest 13F filing, Park State Asset Management's top holdings by market value are:
1. Alphabet Inc-cl C (GOOG) — $16.7M (16.3%)
2. Amazon.com Inc (AMZN) — $13.0M (12.7%)
3. Apple Inc (AAPL) — $11.3M (11.0%)
4. Visa Inc-class A Shares (V) — $10.3M (10.0%)
5. Tjx Companies Inc (TJX) — $6.8M (6.7%)
What changes did Park State Asset Management make in its most recent portfolio filing?
In the latest reported quarter, Park State Asset Management made 24 notable position adjustments: 5 new positions were initiated, 2 existing holdings were added to, 17 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Ishares Core Intl Stock ETF (IXUS); New buy: Vanguard Value ETF (VTV); New buy: Invesco National Amt-free Mu (PZA); New buy: Avantis US Small Cap Value (AVUV); New buy: Invesco Qqq Trust Series 1 (QQQ)
What sectors does Park State Asset Management focus on?
Park State Asset Management is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 27.3%
• Information Technology: 19.4%
• Communication Services: 17.9%
• Financials: 17.6%
• Industrials: 6.8%
• Health Care: 5.7%
Investment Profile
Park State Asset Management returned an annualized 10.1% over the trailing 36 months — underperforming the S&P 500 by 8.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.95 (roughly in line with the market) and a 31% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 31 over the past 4 quarters — a shift toward more active trading.
It has added to its TREX position over the past two quarters (+$103.7K, now $3.5M), while trimming ADBE over the same stretch (-$8.0M, still holding $1.2M).
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