PC
Praxis Capital Management LLC's 13F Portfolio ($58.9M, Q3 2026)
Praxis Capital Management LLCCIK: 0001791253
High-turnover traderContrarianQuality / disciplined sizing
Total reported value
$58.9M
Reporting period: 2026-09-30 · Number of holdings: 30
Praxis Capital Management LLC disclosed 30 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $58.9M and a quarterly turnover rate of 110.2%.
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Personality snowflake
- Concentration
- 50.96
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 72.51
- Diversification
- 60
- Sizing Uniformity
- 82.91
Praxis Capital Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.127 — mathematically equivalent to about 8 equally-sized positions, well below its 30 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 1.71), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 3.8 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Sector classification currently covers about 21% 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.govTrim SPY
-69.5% -$27.7M
Add XLP
+2202.1% $11.9M
New buy TLT
New buy 84615Q103
Trim GLD
-54.2% -$2.8M
New buy 30233Q108
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 | 21.31% | -42.49% | -69.49% | |
| 2 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 21.12% | +20.24% | +2202.13% | |
| 3 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 15.62% | +15.62% | NEW | |
| 4 | ✓ | Stock-Other | 7.87% | +7.87% | NEW | ||
| 5 | GLD | Spdr Gold Shares | ETF-Commodities | 4.21% | -4.08% | -54.23% | |
| 6 | SLV | Ishares Silver Trust | ETF-Commodities | 3.06% | +0.26% | — | |
| 7 | AAPL | Apple Inc | Stock-Tech | 2.32% | +0.44% | +0.07% | |
| 8 | ✓ | Stock-Other | 2.13% | +2.13% | NEW | ||
| 9 | BP | Bp Plc-spons Adr | Stock-Energy | 2.12% | +2.12% | NEW | |
| 10 | CVX | Chevron CORP | Stock-Energy | 2.12% | +2.12% | NEW | |
| 11 | SHEL | Shell Plc-adr | Stock-Energy | 2.12% | +2.12% | NEW | |
| 12 | NVDA | Nvidia CORP | Stock-Tech | 1.94% | +0.35% | — | |
| 13 | MSFT | Microsoft CORP | Stock-Tech | 1.66% | -0.67% | -51.70% | |
| 14 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.56% | +0.05% | +0.04% | |
| 15 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.27% | -1.04% | -50.98% | |
| 16 | IGV | Ishares Expanded Tech-softwa | ETF-Tech | 1.05% | +0.22% | — | |
| 17 | XLV | Ss Health Care Select Sector | ETF-Other | 1.01% | +0.13% | +0.37% | |
| 18 | PPLT | Abrdn Physical Platinum Shrs | ETF-Commodities | 0.87% | -1.60% | -69.86% | |
| 19 | AVGO | Broadcom Inc | Stock-Tech | 0.84% | — | — | |
| 20 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.73% | +0.06% | +0.38% | |
| 21 | HD | Home Depot Inc | Stock-Consumer Disc | 0.63% | -0.10% | +0.77% | |
| 22 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.61% | -0.03% | +0.50% | |
| 23 | CME | Cme Group Inc | Stock-Financials | 0.58% | +0.12% | +0.46% | |
| 24 | UNP | Union Pacific CORP | Stock-Industrials | 0.55% | +0.03% | — | |
| 25 | WM | Waste Management Inc | Stock-Industrials | 0.52% | -0.01% | +0.40% | |
| 26 | V | Visa Inc-class A Shares | Stock-Financials | 0.49% | +0.05% | +0.13% | |
| 27 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 0.48% | +0.04% | — | |
| 28 | APH | Amphenol Corp-cl A | Stock-Tech | 0.46% | +0.01% | +100.00% | |
| 29 | IYR | Ishares US Real Estate ETF | ETF-Other | 0.39% | — | +0.75% | |
| 30 | OXY | Occidental Petroleum CORP | Stock-Energy | 0.36% | +0.36% | NEW |
Portfolio Performance
Performance for Q4 2026
+4%
Performance Last 4 Quarters
+11.3%
- Stdev
- +16.8%
- Beta
- +0.97
- Alpha
- -2.2%
- Max Drawdown
- -4.9%
- Annualized Perf
- +17.4%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.25
- Stutzer
- +0.33
- Treynor
- +0.18
- Sterling
- —
- Calmar
- +3.56
- Information Ratio
- -0.44
- Tracking Error
- +6.2%
- Stdev Down
- +7.7%
- Winning Months %
- +62.5%
- Losing Months %
- +37.5%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.36
- Sharpe
- +1.03
- Stdev Sectors
- +11.9%
- Skewness
- +0.26
- Kurtosis
- -0.98
- Upside Potential
- +4.18
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 2026-09-30: New buy: Ishares 20+ Year Treasury Bd (TLT); New buy: ; New buy: ; New buy: Bp Plc-spons Adr (BP); New buy: Chevron CORP (CVX).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XLP | Ss Consumer Staples Sel Sect | +20.2% | +2202.13% | Add |
| 2 | TLT | Ishares 20+ Year Treasury Bd | +15.6% | NEW | New buy |
| 3 | ✓ | +7.9% | NEW | New buy | |
| 4 | ✓ | +2.1% | NEW | New buy | |
| 5 | BP | Bp Plc-spons Adr | +2.1% | NEW | New buy |
| 6 | CVX | Chevron CORP | +2.1% | NEW | New buy |
| 7 | SHEL | Shell Plc-adr | +2.1% | NEW | New buy |
| 8 | AAPL | Apple Inc | +0.4% | +0.07% | Add |
| 9 | OXY | Occidental Petroleum CORP | +0.4% | NEW | New buy |
| 10 | NVDA | Nvidia CORP | +0.4% | — | Unchanged |
| 11 | SLV | Ishares Silver Trust | +0.3% | — | Unchanged |
| 12 | IGV | Ishares Expanded Tech-softwa | +0.2% | — | Unchanged |
| 13 | XLV | Ss Health Care Select Sector | +0.1% | +0.37% | Add |
| 14 | CME | Cme Group Inc | +0.1% | +0.46% | Add |
| 15 | JPM | Jpmorgan Chase & Co | +0.1% | +0.38% | Add |
| 16 | GOOG | Alphabet Inc-cl C | +0.1% | +0.04% | Add |
| 17 | V | Visa Inc-class A Shares | +0.1% | +0.13% | Add |
| 18 | ISRG | Intuitive Surgical Inc | 0% | — | Unchanged |
| 19 | UNP | Union Pacific CORP | 0% | — | Unchanged |
| 20 | APH | Amphenol Corp-cl A | 0% | +100.00% | Add |
| 21 | AVGO | Broadcom Inc | — | — | Unchanged |
| 22 | IYR | Ishares US Real Estate ETF | — | +0.75% | Add |
| 23 | WM | Waste Management Inc | 0% | +0.40% | Add |
| 24 | GS | Goldman Sachs Group Inc | 0% | +0.50% | Add |
| 25 | HD | Home Depot Inc | -0.1% | +0.77% | Add |
| 26 | GD | General Dynamics CORP | -0.3% | EXIT | Sold out |
| 27 | NFLX | Netflix Inc | -0.4% | EXIT | Sold out |
| 28 | NEE | Nextera Energy Inc | -0.4% | EXIT | Sold out |
| 29 | MSFT | Microsoft CORP | -0.7% | -51.70% | Trim |
| 30 | TSM | Taiwan Semiconductor-sp Adr | -0.8% | EXIT | Sold out |
| 31 | AMZN | Amazon.com Inc | -1% | -50.98% | Trim |
| 32 | META | Meta Platforms Inc-class A | -1.2% | EXIT | Sold out |
| 33 | GOOGL | Alphabet Inc-cl A | -1.2% | EXIT | Sold out |
| 34 | PPLT | Abrdn Physical Platinum Shrs | -1.6% | -69.86% | Trim |
| 35 | GLD | Spdr Gold Shares | -4.1% | -54.23% | Trim |
| 36 | SPY | Ss Spdr S&p 500 ETF Trust-us | -42.5% | -69.49% | Trim |
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 (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $58.9M, spread across 30 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) — $12.5M (21.3%)
2. Ss Consumer Staples Sel Sect (XLP) — $12.4M (21.1%)
3. Ishares 20+ Year Treasury Bd (TLT) — $9.2M (15.6%)
4. — $4.6M (7.9%)
5. Spdr Gold Shares (GLD) — $2.5M (4.2%)
What changes did Praxis Capital Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Praxis Capital Management LLC made 30 notable position adjustments: 7 new positions were initiated, 12 existing holdings were added to, 5 positions were partially reduced, and 6 were completely exited. The largest of these moves: New buy: Ishares 20+ Year Treasury Bd (TLT); New buy: ; New buy: ; New buy: Bp Plc-spons Adr (BP); New buy: Chevron CORP (CVX)
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: 33.8%
• Energy: 31.4%
• Financials: 11.3%
• Consumer Discretionary: 8.9%
• Communication Services: 7.3%
• Industrials: 5.0%
Investment Profile
Praxis Capital Management LLC returned an annualized 17.4% over the trailing 8 months — underperforming the S&P 500 by 2.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.97 (roughly in line with the market) and a 50% quarterly batting average against the index.
Its portfolio is moderately concentrated and fast-trading, with 33.8% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 100 over the past 3 quarters — a shift toward more active trading.
It has added to its SLV position over the past two quarters (+$674.5K, now $1.8M), while trimming GLD over the same stretch (-$2.9M, still holding $2.5M).
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