PC
Praxis Capital Management LLC's 13F Portfolio ($63.1M, Q2 2026)
Praxis Capital Management LLCCIK: 0001791253
High-turnover traderConcentrated strategyMomentum follower
Total reported value
$63.1M
Reporting period: 2026-06-30 · Number of holdings: 29
Praxis Capital Management LLC disclosed 29 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $63.1M and a quarterly turnover rate of 120.3%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 100
- Momentum
- 100
- Sector conviction
- 75.58
- Diversification
- 58
- Sizing Uniformity
- 66.05
Praxis Capital Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.418 — mathematically equivalent to about 2 equally-sized positions, well below its 29 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 3.40), 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 4.3 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 20% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd SPY
+433.8% $33.7M
Sold out QQQ
Sold out FXI
Trim GLD
+13.6% -$147.6K
Sold out PDBC
Sold out OXY
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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 63.80% | +48.46% | +433.76% | |
| 2 | GLD | Spdr Gold Shares | ETF-Commodities | 8.29% | -4.27% | +13.60% | |
| 3 | SLV | Ishares Silver Trust | ETF-Commodities | 2.80% | +0.17% | +100.00% | |
| 4 | PPLT | Abrdn Physical Platinum Shrs | ETF-Commodities | 2.47% | +2.47% | NEW | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 2.33% | +1.03% | +161.45% | |
| 6 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.31% | +0.36% | +53.00% | |
| 7 | AAPL | Apple Inc | Stock-Tech | 1.88% | — | +29.38% | |
| 8 | NVDA | Nvidia CORP | Stock-Tech | 1.59% | -0.65% | -9.09% | |
| 9 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.51% | -0.97% | -27.16% | |
| 10 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.21% | +1.21% | NEW | |
| 11 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.19% | +1.19% | NEW | |
| 12 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 0.88% | +0.88% | NEW | |
| 13 | XLV | Ss Health Care Select Sector | ETF-Other | 0.88% | +0.88% | NEW | |
| 14 | AVGO | Broadcom Inc | Stock-Tech | 0.84% | -0.90% | -41.76% | |
| 15 | IGV | Ishares Expanded Tech-softwa | ETF-Tech | 0.83% | +0.83% | NEW | |
| 16 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.83% | +0.03% | +8.91% | |
| 17 | HD | Home Depot Inc | Stock-Consumer Disc | 0.73% | -0.89% | -38.42% | |
| 18 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.67% | -1.57% | -60.16% | |
| 19 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.64% | -0.16% | -1.48% | |
| 20 | WM | Waste Management Inc | Stock-Industrials | 0.53% | -1.33% | -56.65% | |
| 21 | UNP | Union Pacific CORP | Stock-Industrials | 0.52% | -1.26% | -61.72% | |
| 22 | CME | Cme Group Inc | Stock-Financials | 0.45% | -1.87% | -61.54% | |
| 23 | APH | Amphenol Corp-cl A | Stock-Tech | 0.45% | -0.14% | -20.52% | |
| 24 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 0.44% | -0.53% | -22.22% | |
| 25 | V | Visa Inc-class A Shares | Stock-Financials | 0.44% | -1.06% | -62.42% | |
| 26 | NEE | Nextera Energy Inc | Stock-Utilities | 0.39% | +0.39% | NEW | |
| 27 | IYR | Ishares US Real Estate ETF | ETF-Other | 0.39% | +0.39% | NEW | |
| 28 | NFLX | Netflix Inc | Stock-Comm Services | 0.37% | +0.37% | NEW | |
| 29 | GD | General Dynamics CORP | Stock-Industrials | 0.34% | -0.59% | -48.01% |
Portfolio Performance
Performance for Q3 2026
+0.3%
Performance Last 4 Quarters
+11.7%
- Stdev
- +19.4%
- Beta
- +0.96
- Alpha
- +0.1%
- Max Drawdown
- -4.8%
- Annualized Perf
- +24.7%
- Batting Avg vs S&P
- +66.7%
- Sortino
- +2.75
- Stutzer
- +0.39
- Treynor
- +0.25
- Sterling
- —
- Calmar
- +5.14
- Information Ratio
- -0.11
- Tracking Error
- +7.3%
- Stdev Down
- +8.7%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.4
- Sharpe
- +1.23
- Stdev Sectors
- +12.5%
- Skewness
- -0.04
- Kurtosis
- -1.38
- Upside Potential
- +4.74
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Praxis Capital Management LLC's most significant position changes for 2026-06-30: Sold out: Invesco Qqq Trust Series 1 (QQQ); Sold out: Ishares China Large-cap ETF (FXI); New buy: Abrdn Physical Platinum Shrs (PPLT); Sold out: Invesco Optimum Yield Divers (PDBC); Sold out: Occidental Petroleum CORP (OXY).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +48.5% | +433.76% | Add |
| 2 | PPLT | Abrdn Physical Platinum Shrs | +2.5% | NEW | New buy |
| 3 | GOOGL | Alphabet Inc-cl A | +1.2% | NEW | New buy |
| 4 | META | Meta Platforms Inc-class A | +1.2% | NEW | New buy |
| 5 | MSFT | Microsoft CORP | +1% | +161.45% | Add |
| 6 | XLP | Ss Consumer Staples Sel Sect | +0.9% | NEW | New buy |
| 7 | XLV | Ss Health Care Select Sector | +0.9% | NEW | New buy |
| 8 | IGV | Ishares Expanded Tech-softwa | +0.8% | NEW | New buy |
| 9 | NEE | Nextera Energy Inc | +0.4% | NEW | New buy |
| 10 | IYR | Ishares US Real Estate ETF | +0.4% | NEW | New buy |
| 11 | NFLX | Netflix Inc | +0.4% | NEW | New buy |
| 12 | AMZN | Amazon.com Inc | +0.4% | +53.00% | Add |
| 13 | SLV | Ishares Silver Trust | +0.2% | +100.00% | Add |
| 14 | TSM | Taiwan Semiconductor-sp Adr | 0% | +8.91% | Add |
| 15 | AAPL | Apple Inc | — | +29.38% | Add |
| 16 | APH | Amphenol Corp-cl A | -0.1% | -20.52% | Trim |
| 17 | GS | Goldman Sachs Group Inc | -0.2% | -1.48% | Trim |
| 18 | ISRG | Intuitive Surgical Inc | -0.5% | -22.22% | Trim |
| 19 | MDB | Mongodb Inc | -0.6% | EXIT | Sold out |
| 20 | SLB | Slb LTD | -0.6% | EXIT | Sold out |
| 21 | GD | General Dynamics CORP | -0.6% | -48.01% | Trim |
| 22 | CTRA | Coterra Energy Inc | -0.6% | EXIT | Sold out |
| 23 | NVDA | Nvidia CORP | -0.7% | -9.09% | Trim |
| 24 | LYB | LyondellBasell Industries N.V. | -0.7% | EXIT | Sold out |
| 25 | DOW | Dow Inc | -0.7% | EXIT | Sold out |
| 26 | BRK-B | Berkshire Hathaway Inc-cl B | -0.8% | EXIT | Sold out |
| 27 | PLTR | Palantir Technologies Inc-a | -0.9% | EXIT | Sold out |
| 28 | ILMN | Illumina Inc | -0.9% | EXIT | Sold out |
| 29 | HD | Home Depot Inc | -0.9% | -38.42% | Trim |
| 30 | AVGO | Broadcom Inc | -0.9% | -41.76% | Trim |
| 31 | GOOG | Alphabet Inc-cl C | -1% | -27.16% | Trim |
| 32 | BATRK | Atlanta Braves Holdings In-c | -1% | EXIT | Sold out |
| 33 | V | Visa Inc-class A Shares | -1.1% | -62.42% | Trim |
| 34 | UNP | Union Pacific CORP | -1.3% | -61.72% | Trim |
| 35 | WM | Waste Management Inc | -1.3% | -56.65% | Trim |
| 36 | FLEX | Flex Ltd. | -1.4% | EXIT | Sold out |
| 37 | EQT | Eqt CORP | -1.5% | EXIT | Sold out |
| 38 | JPM | Jpmorgan Chase & Co | -1.6% | -60.16% | Trim |
| 39 | OLN | Olin CORP | -1.7% | EXIT | Sold out |
| 40 | FCX | Freeport-mcmoran Inc | -1.7% | EXIT | Sold out |
| 41 | CME | Cme Group Inc | -1.9% | -61.54% | Trim |
| 42 | HSY | Hershey Co/the | -2.1% | EXIT | Sold out |
| 43 | ✓ | Adeco Agro | -2.5% | EXIT | Sold out |
| 44 | OXY | Occidental Petroleum CORP | -3.1% | EXIT | Sold out |
| 45 | PDBC | Invesco Optimum Yield Divers | -3.6% | EXIT | Sold out |
| 46 | GLD | Spdr Gold Shares | -4.3% | +13.60% | Add |
| 47 | FXI | Ishares China Large-cap ETF | -4.6% | EXIT | Sold out |
| 48 | QQQ | Invesco Qqq Trust Series 1 | -13.6% | EXIT | Sold out |
Filing History
FAQ
What is Praxis Capital Management LLC and what type of investor is it?
Praxis 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 $63.1M, spread across 29 disclosed positions.
What are Praxis Capital Management LLC's largest equity positions?
Based on the latest 13F filing, Praxis Capital Management LLC's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $40.3M (63.8%)
2. Spdr Gold Shares (GLD) — $5.2M (8.3%)
3. Ishares Silver Trust (SLV) — $1.8M (2.8%)
4. Abrdn Physical Platinum Shrs (PPLT) — $1.6M (2.5%)
5. Microsoft CORP (MSFT) — $1.5M (2.3%)
What changes did Praxis Capital Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Praxis Capital Management LLC made 48 notable position adjustments: 9 new positions were initiated, 7 existing holdings were added to, 13 positions were partially reduced, and 19 were completely exited. The largest of these moves: Sold out: Invesco Qqq Trust Series 1 (QQQ); Sold out: Ishares China Large-cap ETF (FXI); New buy: Abrdn Physical Platinum Shrs (PPLT); Sold out: Invesco Optimum Yield Divers (PDBC); Sold out: Occidental Petroleum CORP (OXY)
What sectors does Praxis Capital Management LLC focus on?
Praxis Capital Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 40.3%
• Communication Services: 21.8%
• Consumer Discretionary: 15.5%
• Financials: 11.2%
• Industrials: 7.0%
• Health Care: 2.3%
Investment Profile
Praxis Capital Management LLC returned an annualized 24.7% over the trailing 6 months — outperforming the S&P 500 by 0.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.96 (roughly in line with the market) and a 67% quarterly batting average against the index.
Its portfolio is concentrated and fast-trading, with 40.3% 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 SPY position over the past two quarters (+$34.4M, now $40.3M), while trimming JPM over the same stretch (-$621.0K, still holding $425.5K).
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