TP
Totem Point Management, LLC — 13F Portfolio Analysis & Stock Picks (Q2 2026)
Totem Point Management, LLCCIK: 0001759364
High-turnover traderSector-focusedContrarian
Total reported value
$163.5M
Reporting period: 2026-06-30 · Number of holdings: 18
Totem Point Management, LLC disclosed 18 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $163.5M and a quarterly turnover rate of 103.1%.
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Personality snowflake
- Concentration
- 43.3
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 36
- Sizing Uniformity
- 89.98
Totem Point Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.108 — mathematically equivalent to about 9 equally-sized positions, well below its 18 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 1.00), 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.govNew buy 15675D103
Trim ON
-79.4% -$5.8M
Trim NVDA
-11.5% $207.5K
Trim SPOT
-70.2% -$4.4M
Trim TTWO
-86.7% -$3.9M
New buy NOK
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 | ✓ | Stock-Other | 24.46% | +24.46% | NEW | ||
| 2 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 9.55% | +0.20% | +50.75% | |
| 3 | LRCX | Lam Research CORP | Stock-Tech | 8.99% | +3.88% | +80.90% | |
| 4 | NVDA | Nvidia CORP | Stock-Tech | 8.31% | -8.75% | -11.49% | |
| 5 | AMD | Advanced Micro Devices | Stock-Tech | 7.78% | -3.18% | -48.17% | |
| 6 | TER | Teradyne Inc | Stock-Tech | 6.52% | -1.26% | +7.12% | |
| 7 | MU | Micron Technology Inc | Stock-Tech | 5.51% | +4.56% | +253.26% | |
| 8 | LSCC | Lattice Semiconductor CORP | Stock-Tech | 5.04% | +0.89% | +53.76% | |
| 9 | NOK | Nokia Corp-spon Adr | Stock-Tech | 4.78% | +4.78% | NEW | |
| 10 | MRVL | Marvell Technology Inc | Stock-Tech | 4.75% | -0.91% | -41.81% | |
| 11 | SPGI | S&p Global Inc | Stock-Financials | 4.71% | -1.63% | +61.86% | |
| 12 | GEV | GE Vernova Inc | Stock-Industrials | 2.69% | +1.89% | +423.08% | |
| 13 | AMKR | Amkor Technology Inc | Stock-Tech | 1.91% | +1.91% | NEW | |
| 14 | ON | On Semiconductor | Stock-Tech | 1.62% | -9.10% | -79.40% | |
| 15 | WDC | Western Digital CORP | Stock-Tech | 1.19% | +1.19% | NEW | |
| 16 | SPOT | Spotify Technology S.A. | Stock-Comm Services | 1.05% | -6.73% | -70.21% | |
| 17 | BE | Bloom Energy Corp- A | Stock-Industrials | 0.66% | +0.66% | NEW | |
| 18 | TTWO | Take-two Interactive Softwre | Stock-Comm Services | 0.48% | -5.45% | -86.69% |
Portfolio Performance
Performance for Q3 2026
-5.7%
Performance Last 4 Quarters
+60.8%
- Stdev
- +27.7%
- Beta
- +1.61
- Alpha
- +2.8%
- Max Drawdown
- -14.5%
- Annualized Perf
- +36.4%
- Batting Avg vs S&P
- +58.3%
- Sortino
- +2.6
- Stutzer
- +0.38
- Treynor
- +0.22
- Sterling
- +1.71
- Calmar
- +2.52
- Information Ratio
- +0.76
- Tracking Error
- +19.9%
- Stdev Down
- +13.5%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +89.6%
- Worst 12 Months
- +15.8%
- Efficiency Ratio
- +0.68
- Sharpe
- +1.27
- Stdev Sectors
- +36%
- Skewness
- +0.4
- Kurtosis
- +0.87
- Upside Potential
- +4.12
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 18 | $163.5M | 100 | ||
| 2026 Q1 | 17 | $78.4M | 100 | ||
| 2025 Q4 | 14 | $100.2M | 70 | ||
| 2025 Q3 | 15 | $112.1M | 69 | ||
| 2025 Q2 | 12 | $95.0M | 0 | ||
| 2025 Q1 | 13 | $81.2M | 100 | ||
| 2024 Q4 | 16 | $94.4M | 0 | ||
| 2024 Q3 | 16 | $94.6M | 0 | ||
| 2024 Q2 | 15 | $68.3M | 0 | ||
| 2024 Q1 | 16 | $91.4M | 0 | ||
| 2023 Q4 | 14 | $77.2M | 0 | ||
| 2023 Q3 | 16 | $70.5M | 0 | ||
| 2023 Q2 | 17 | $109.5M | 0 | ||
| 2023 Q1 | 14 | $103.8M | 0 | ||
| 2022 Q4 | 13 | $73.7M | 0 | ||
| 2022 Q3 | 11 | $58.0M | 0 | ||
| 2022 Q2 | 12 | $46.4M | 0 | ||
| 2022 Q1 | 15 | $128.0M | 0 | ||
| 2021 Q4 | 15 | $151.3M | 0 | ||
| 2021 Q3 | 15 | $153.6M | 0 | ||
| 2021 Q2 | 17 | $199.6M | 100 | ||
| 2021 Q1 | 17 | $226.2M | 44 | ||
| 2020 Q4 | 18 | $241.2M | 65 | ||
| 2020 Q3 | 15 | $301.3M | 49 | ||
| 2020 Q2 | 17 | $274.2M | 45 | ||
| 2020 Q1 | 13 | $195.4M | 75 | ||
| 2019 Q4 | 15 | $234.4M | 54 | ||
| 2019 Q3 | 17 | $181.7M | 47 | ||
| 2019 Q2 | 18 | $207.8M | 71 | ||
| 2019 Q1 | 17 | $156.4M | 68 | ||
| 2018 Q4 | 15 | $133.3M | 0 |
Holding changes this quarter
Totem Point Management, LLC's most significant position changes for 2026-06-30: New buy: ; New buy: Nokia Corp-spon Adr (NOK); New buy: Amkor Technology Inc (AMKR); Sold out: Hewlett Packard Enterprise (HPE); Sold out: Cme Group Inc (CME).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +24.5% | NEW | New buy | |
| 2 | NOK | Nokia Corp-spon Adr | +4.8% | NEW | New buy |
| 3 | MU | Micron Technology Inc | +4.6% | +253.26% | Add |
| 4 | LRCX | Lam Research CORP | +3.9% | +80.90% | Add |
| 5 | AMKR | Amkor Technology Inc | +1.9% | NEW | New buy |
| 6 | GEV | GE Vernova Inc | +1.9% | +423.08% | Add |
| 7 | WDC | Western Digital CORP | +1.2% | NEW | New buy |
| 8 | LSCC | Lattice Semiconductor CORP | +0.9% | +53.76% | Add |
| 9 | BE | Bloom Energy Corp- A | +0.7% | NEW | New buy |
| 10 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | +50.75% | Add |
| 11 | NBIS | Nebius Group N.V. | -0.4% | EXIT | Sold out |
| 12 | MRVL | Marvell Technology Inc | -0.9% | -41.81% | Trim |
| 13 | FWONK | Liberty Media Corp-formula-c | -1% | EXIT | Sold out |
| 14 | TER | Teradyne Inc | -1.3% | +7.12% | Add |
| 15 | SPGI | S&p Global Inc | -1.6% | +61.86% | Add |
| 16 | CME | Cme Group Inc | -2.8% | EXIT | Sold out |
| 17 | AMD | Advanced Micro Devices | -3.2% | -48.17% | Trim |
| 18 | HPE | Hewlett Packard Enterprise | -3.2% | EXIT | Sold out |
| 19 | TTWO | Take-two Interactive Softwre | -5.5% | -86.69% | Trim |
| 20 | SPOT | Spotify Technology S.A. | -6.7% | -70.21% | Trim |
| 21 | NVDA | Nvidia CORP | -8.8% | -11.49% | Trim |
| 22 | ON | On Semiconductor | -9.1% | -79.40% | Trim |
Filing History
FAQ
What is Totem Point Management, LLC and what type of investor is it?
Totem Point 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 $163.5M, spread across 18 disclosed positions.
What are Totem Point Management, LLC's largest equity positions?
Based on the latest 13F filing, Totem Point Management, LLC's top holdings by market value are:
1. — $40.0M (24.5%)
2. Taiwan Semiconductor-sp Adr (TSM) — $15.6M (9.6%)
3. Lam Research CORP (LRCX) — $14.7M (9.0%)
4. Nvidia CORP (NVDA) — $13.6M (8.3%)
5. Advanced Micro Devices (AMD) — $12.7M (7.8%)
What changes did Totem Point Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Totem Point Management, LLC made 22 notable position adjustments: 5 new positions were initiated, 7 existing holdings were added to, 6 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: ; New buy: Nokia Corp-spon Adr (NOK); New buy: Amkor Technology Inc (AMKR); Sold out: Hewlett Packard Enterprise (HPE); Sold out: Cme Group Inc (CME)
What sectors does Totem Point Management, LLC focus on?
Totem Point Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 87.3%
• Financials: 6.2%
• Industrials: 4.4%
• Communication Services: 2.0%
Investment Profile
Totem Point Management, LLC returned an annualized 36.4% over the trailing 36 months — outperforming the S&P 500 by 2.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.61 (more volatile than the market) and a 58% quarterly batting average against the index.
Its portfolio is moderately concentrated and fast-trading, with 87.3% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
It has added to its NVDA position over the past two quarters (+$3.2M, now $13.6M), while trimming SPOT over the same stretch (-$10.1M, still holding $1.7M).
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Developer Access
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