RA
RJA Asset Management LLC SEC 13F Holdings (Q2 2026) — Top Position: APPLE INC
RJA Asset Management LLCCIK: 0001671817
Concentrated strategySector-focusedQuality / disciplined sizing
Total reported value
$320.9M
Reporting period: 2026-06-30 · Number of holdings: 4
RJA Asset Management LLC disclosed 4 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $320.9M and a quarterly turnover rate of 16.6%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 16.57
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 8
- Sizing Uniformity
- 83.08
RJA Asset Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.787 — mathematically equivalent to about 1 equally-sized positions, well below its 4 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 1.69), 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 AAPL
0.0% $34.9M
Add AFRM
-1.6% $8.5M
Add TWLO
0.0% $5.5M
Trim LYFT
0.0% $317.1K
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 | AAPL | Apple Inc | Stock-Tech | 88.38% | -3.15% | — | |
| 2 | AFRM | Affirm Holdings Inc | Stock-Financials | 6.14% | +2.00% | -1.59% | |
| 3 | TWLO | Twilio Inc - A | Stock-Tech | 4.38% | +1.23% | — | |
| 4 | LYFT | Lyft Inc-a | Stock-Tech | 1.10% | -0.08% | — |
Portfolio Performance
Performance for Q3 2026
+3.8%
Performance Last 4 Quarters
+31.9%
- Stdev
- +20.9%
- Beta
- +0.99
- Alpha
- +3%
- Max Drawdown
- -16.7%
- Annualized Perf
- +23%
- Batting Avg vs S&P
- +55.6%
- Sortino
- +2.23
- Stutzer
- +0.33
- Treynor
- +0.23
- Sterling
- +1.04
- Calmar
- +1.38
- Information Ratio
- +0.18
- Tracking Error
- +16.5%
- Stdev Down
- +10.3%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +53.3%
- Worst 12 Months
- +6.5%
- Efficiency Ratio
- +0.47
- Sharpe
- +1.1
- Stdev Sectors
- +43.9%
- Skewness
- +0.23
- Kurtosis
- -0.41
- Upside Potential
- +4.05
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 4 | $320.9M | 17 | ||
| 2026 Q1 | 4 | $271.8M | 10 | ||
| 2025 Q4 | 3 | $282.5M | 7 | ||
| 2025 Q3 | 3 | $262.7M | 26 | ||
| 2025 Q2 | 4 | $290.4M | 0 | ||
| 2025 Q1 | 4 | $324.2M | 100 | ||
| 2024 Q4 | 4 | $416.4M | 0 | ||
| 2024 Q3 | 4 | $395.0M | 0 | ||
| 2024 Q2 | 4 | $353.5M | 0 | ||
| 2024 Q1 | 4 | $294.7M | 0 | ||
| 2023 Q4 | 4 | $340.1M | 0 | ||
| 2023 Q3 | 4 | $329.0M | 0 | ||
| 2023 Q2 | 4 | $383.9M | 0 | ||
| 2023 Q1 | 3 | $273.9M | 0 | ||
| 2022 Q4 | 5 | $230.2M | 0 | ||
| 2021 Q3 | 2 | $28.3M | 0 | ||
| 2021 Q2 | 2 | $37.2M | 61 | ||
| 2021 Q1 | 3 | $16.3M | 100 | ||
| 2020 Q4 | 7 | $304.4M | 0 |
Holding changes this quarter
RJA Asset Management LLC's most significant position changes for 2026-06-30: Trim: Affirm Holdings Inc (AFRM) — shares -1.59%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AFRM | Affirm Holdings Inc | +2% | -1.59% | Trim |
| 2 | TWLO | Twilio Inc - A | +1.2% | — | Unchanged |
| 3 | LYFT | Lyft Inc-a | -0.1% | — | Unchanged |
| 4 | AAPL | Apple Inc | -3.2% | — | Unchanged |
Filing History
FAQ
What is RJA Asset Management LLC and what type of investor is it?
RJA Asset 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 $320.9M, spread across 4 disclosed positions.
What are RJA Asset Management LLC's largest equity positions?
Based on the latest 13F filing, RJA Asset Management LLC's top holdings by market value are:
1. Apple Inc (AAPL) — $283.6M (88.4%)
2. Affirm Holdings Inc (AFRM) — $19.7M (6.1%)
3. Twilio Inc - A (TWLO) — $14.0M (4.4%)
4. Lyft Inc-a (LYFT) — $3.5M (1.1%)
What changes did RJA Asset Management LLC make in its most recent portfolio filing?
In the latest quarter, RJA Asset Management LLC took a more defensive posture — trimming 1 positions and completely exiting 0 holdings. The largest of these moves: Trim: Affirm Holdings Inc (AFRM) — shares -1.59%
What sectors does RJA Asset Management LLC focus on?
RJA Asset Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 93.9%
• Financials: 6.1%
Investment Profile
RJA Asset Management LLC returned an annualized 23.0% over the trailing 36 months — outperforming the S&P 500 by 3.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.99 (roughly in line with the market) and a 56% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 93.9% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 17 over the past 4 quarters — a shift toward more active trading.
It has added to its AFRM position for two straight quarters, increasing it by $13.3M to reach $19.7M.
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