TC
Tran Capital Management, L.p. Investment Portfolio (Q2 2026) — 13F Stock Holdings
Tran Capital Management, L.p.CIK: 0001009262
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$868.7M
Reporting period: 2026-06-30 · Number of holdings: 66
TRAN CAPITAL MANAGEMENT, L.P. disclosed 66 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $868.7M and a quarterly turnover rate of 38.7%.
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Personality snowflake
- Concentration
- 17.18
- Portfolio Stability
- 38.67
- Momentum
- 100
- Sector conviction
- 64.74
- Diversification
- 100
- Sizing Uniformity
- 86.35
Tran Capital Management, L.p.'s disclosed holdings carry a Herfindahl concentration index of 0.043 — mathematically equivalent to about 23 equally-sized positions, well below its 66 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 1.37), 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.govAdd ARM
-11.5% $44.4M
Add PANW
-0.2% $36.6M
Sold out INTU
New buy CROX
Trim NFLX
-25.6% -$12.9M
New buy MU
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 | ARM | Arm Holdings Plc-adr | Stock-Tech | 9.86% | +4.19% | -11.49% | |
| 2 | PANW | Palo Alto Networks Inc | Stock-Tech | 7.97% | +3.49% | -0.15% | |
| 3 | NVDA | Nvidia CORP | Stock-Tech | 6.71% | +0.38% | +10.22% | |
| 4 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 4.83% | -0.24% | -0.77% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 4.42% | +0.13% | -1.03% | |
| 6 | FERG | Ferguson Enterprises Inc | Stock-Industrials | 4.39% | -0.83% | -1.41% | |
| 7 | GEV | GE Vernova Inc | Stock-Industrials | 4.08% | +0.34% | -3.28% | |
| 8 | DHR | Danaher CORP | Stock-Healthcare | 4.08% | -0.48% | +6.24% | |
| 9 | MSFT | Microsoft CORP | Stock-Tech | 3.99% | -0.79% | -1.20% | |
| 10 | TLN | Talen Energy CORP | Stock-Utilities | 3.96% | -0.02% | -1.41% | |
| 11 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 3.77% | +0.52% | -1.97% | |
| 12 | PSX | Phillips 66 | Stock-Energy | 3.68% | -1.07% | -0.42% | |
| 13 | IFF | Intl Flavors & Fragrances | Stock-Materials | 2.99% | -0.26% | +0.27% | |
| 14 | MLM | Martin Marietta Materials | Stock-Materials | 2.86% | -0.69% | -1.86% | |
| 15 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.72% | -0.90% | -9.04% | |
| 16 | TYL | Tyler Technologies Inc | Stock-Tech | 2.61% | -0.23% | +28.04% | |
| 17 | CROX | Crocs Inc | Stock-Consumer Disc | 2.21% | +2.21% | NEW | |
| 18 | ELE | Elemental Royalty CORP | Stock-Other | 2.11% | -0.48% | +4.60% | |
| 19 | ATI | Ati Inc | Stock-Industrials | 2.04% | +0.23% | -0.96% | |
| 20 | NFLX | Netflix Inc | Stock-Comm Services | 1.82% | -2.12% | -25.64% | |
| 21 | BWXT | Bwx Technologies Inc | Stock-Industrials | 1.76% | -0.78% | -13.23% | |
| 22 | WCC | Wesco International Inc | Stock-Industrials | 1.75% | +0.09% | -0.83% | |
| 23 | MU | Micron Technology Inc | Stock-Tech | 1.62% | +1.62% | NEW | |
| 24 | PGR | Progressive CORP | Stock-Financials | 1.60% | -0.44% | -15.12% | |
| 25 | CF | Cf Industries Holdings Inc | Stock-Materials | 1.54% | +1.54% | NEW | |
| 26 | AER | AerCap Holdings N.V. | Stock-Industrials | 1.25% | -0.15% | — | |
| 27 | ALC | Alcon Inc. | Stock-Healthcare | 1.14% | +1.14% | NEW | |
| 28 | THC | Tenet Healthcare CORP | Stock-Healthcare | 1.11% | +0.27% | +58.59% | |
| 29 | LPLA | Lpl Financial Holdings Inc | Stock-Financials | 0.91% | +0.83% | +1424.73% | |
| 30 | QXO | Qxo Inc | Stock-Industrials | 0.77% | +0.73% | +2575.70% | |
| 31 | TPL | Texas Pacific Land CORP | Stock-Energy | 0.74% | -0.19% | +2.43% | |
| 32 | NET | Cloudflare Inc - Class A | Stock-Tech | 0.48% | +0.48% | NEW | |
| 33 | RWT | Redwood Trust Inc | Stock-Other | 0.34% | -0.20% | -11.03% | |
| 34 | SCHR | Schwab Intermediate-term US | ETF-Other | 0.31% | -0.08% | -4.86% | |
| 35 | SCHP | Schwab U.s. Tips ETF | ETF-Other | 0.30% | -0.08% | -5.00% | |
| 36 | PFF | Ishares Preferred & Income S | ETF-Other | 0.30% | -0.08% | -5.05% | |
| 37 | VMBS | Vanguard Mortgage-backed Sec | ETF-Other | 0.29% | -0.08% | -5.20% | |
| 38 | AAPL | Apple Inc | Stock-Tech | 0.27% | -0.03% | -5.75% | |
| 39 | AMD | Advanced Micro Devices | Stock-Tech | 0.20% | +0.09% | -22.23% | |
| 40 | EXR | Extra Space Storage Inc | Stock-Real Estate | 0.20% | -0.01% | — | |
| 41 | KEYS | Keysight Technologies In | Stock-Tech | 0.20% | -0.01% | -9.30% | |
| 42 | FICO | Fair Isaac CORP | Stock-Tech | 0.17% | -0.01% | -0.08% | |
| 43 | GGG | Graco Inc | Stock-Industrials | 0.15% | -0.06% | -4.43% | |
| 44 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.15% | -0.01% | -4.24% | |
| 45 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.14% | — | +1.14% | |
| 46 | BE | Bloom Energy Corp- A | Stock-Industrials | 0.12% | +0.06% | -0.79% | |
| 47 | SCHW | Schwab (charles) CORP | Stock-Financials | 0.11% | -0.05% | -17.21% | |
| 48 | AFL | Aflac Inc | Stock-Financials | 0.11% | -0.01% | — | |
| 49 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.10% | — | — | |
| 50 | APD | Air Products & Chemicals Inc | Stock-Materials | 0.08% | -1.08% | -91.97% |
1–50 of 66
Portfolio Performance
Performance for Q3 2026
+1.8%
Performance Last 4 Quarters
+10.6%
- Stdev
- +16.3%
- Beta
- +1.16
- Alpha
- -4.9%
- Max Drawdown
- -11.5%
- Annualized Perf
- +18.5%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.35
- Stutzer
- +0.34
- Treynor
- +0.16
- Sterling
- +1
- Calmar
- +1.61
- Information Ratio
- -0.25
- Tracking Error
- +6.6%
- Stdev Down
- +7.8%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +35.6%
- Worst 12 Months
- -2.1%
- Efficiency Ratio
- +0.48
- Sharpe
- +1.13
- Stdev Sectors
- +10.8%
- Skewness
- +0.27
- Kurtosis
- -0.64
- 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 | 66 | $868.7M | 39 | ||
| 2026 Q1 | 71 | $728.3M | 62 | ||
| 2025 Q4 | 73 | $834.9M | 28 | ||
| 2025 Q3 | 71 | $836.6M | 39 | ||
| 2025 Q2 | 68 | $849.6M | 0 | ||
| 2025 Q1 | 65 | $743.3M | 100 | ||
| 2024 Q4 | 63 | $881.9M | 0 | ||
| 2024 Q3 | 61 | $928.5M | 0 | ||
| 2024 Q2 | 51 | $862.0M | 0 | ||
| 2024 Q1 | 47 | $898.2M | 0 | ||
| 2023 Q4 | 42 | $858.6M | 0 | ||
| 2023 Q3 | 41 | $776.8M | 0 | ||
| 2023 Q2 | 40 | $847.4M | 0 | ||
| 2023 Q1 | 39 | $802.2M | 0 | ||
| 2022 Q4 | 40 | $790.7M | 0 | ||
| 2022 Q3 | 36 | $781.5M | 0 | ||
| 2022 Q2 | 39 | $875.1M | 0 | ||
| 2022 Q1 | 54 | $1.1B | 0 | ||
| 2021 Q4 | 50 | $1.3B | 0 | ||
| 2021 Q3 | 46 | $1.2B | 0 | ||
| 2021 Q2 | 45 | $1.2B | 100 | ||
| 2021 Q1 | 46 | $1.1B | 53 | ||
| 2020 Q4 | 54 | $1.1B | 32 | ||
| 2020 Q3 | 65 | $928.9M | 45 | ||
| 2020 Q2 | 63 | $863.8M | 66 | ||
| 2020 Q1 | 63 | $686.0M | 53 | ||
| 2019 Q4 | 67 | $864.0M | 21 | ||
| 2019 Q3 | 59 | $808.6M | 38 | ||
| 2019 Q2 | 61 | $802.6M | 45 | ||
| 2019 Q1 | 35 | $590.3M | 24 | ||
| 2018 Q4 | 42 | $575.8M | 56 | ||
| 2018 Q3 | 36 | $807.3M | 29 | ||
| 2018 Q2 | 35 | $746.4M | 18 | ||
| 2018 Q1 | 34 | $770.3M | 58 | ||
| 2017 Q4 | 49 | $1.1B | 39 | ||
| 2017 Q3 | 44 | $1.1B | 17 | ||
| 2017 Q2 | 43 | $1.1B | 39 | ||
| 2017 Q1 | 41 | $1.2B | 36 | ||
| 2016 Q4 | 48 | $1.6B | 62 | ||
| 2016 Q3 | 44 | $2.4B | 26 | ||
| 2016 Q2 | 45 | $2.9B | 46 | ||
| 2016 Q1 | 42 | $3.3B | 40 | ||
| 2015 Q4 | 107 | $3.7B | 73 | ||
| 2015 Q3 | 102 | $4.1B | 45 | ||
| 2015 Q2 | 95 | $4.3B | 31 | ||
| 2015 Q1 | 96 | $4.6B | 33 | ||
| 2014 Q4 | 98 | $5.2B | 11 | ||
| 2014 Q3 | 96 | $5.3B | 21 | ||
| 2014 Q2 | 100 | $5.7B | 19 | ||
| 2014 Q1 | 108 | $5.7B | 19 | ||
| 2013 Q4 | 106 | $5.8B | 28 | ||
| 2013 Q3 | 109 | $5.0B | 36 | ||
| 2013 Q2 | 98 | $4.6B | — |
Holding changes this quarter
Tran Capital Management, L.p.'s most significant position changes for 2026-06-30: Sold out: Intuit Inc (INTU); New buy: Crocs Inc (CROX); New buy: Micron Technology Inc (MU); New buy: Cf Industries Holdings Inc (CF); Sold out: Venture Global Inc-cl A (VG).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ARM | Arm Holdings Plc-adr | +4.2% | -11.49% | Trim |
| 2 | PANW | Palo Alto Networks Inc | +3.5% | -0.15% | Trim |
| 3 | CROX | Crocs Inc | +2.2% | NEW | New buy |
| 4 | MU | Micron Technology Inc | +1.6% | NEW | New buy |
| 5 | CF | Cf Industries Holdings Inc | +1.5% | NEW | New buy |
| 6 | ALC | Alcon Inc. | +1.1% | NEW | New buy |
| 7 | LPLA | Lpl Financial Holdings Inc | +0.8% | +1424.73% | Add |
| 8 | QXO | Qxo Inc | +0.7% | +2575.70% | Add |
| 9 | TSM | Taiwan Semiconductor-sp Adr | +0.5% | -1.97% | Trim |
| 10 | NET | Cloudflare Inc - Class A | +0.5% | NEW | New buy |
| 11 | NVDA | Nvidia CORP | +0.4% | +10.22% | Add |
| 12 | GEV | GE Vernova Inc | +0.3% | -3.28% | Trim |
| 13 | THC | Tenet Healthcare CORP | +0.3% | +58.59% | Add |
| 14 | ATI | Ati Inc | +0.2% | -0.96% | Trim |
| 15 | GOOGL | Alphabet Inc-cl A | +0.1% | -1.03% | Trim |
| 16 | WCC | Wesco International Inc | +0.1% | -0.83% | Trim |
| 17 | AMD | Advanced Micro Devices | +0.1% | -22.23% | Trim |
| 18 | BE | Bloom Energy Corp- A | +0.1% | -0.79% | Trim |
| 19 | AXON | Axon Enterprise Inc | 0% | NEW | New buy |
| 20 | QQQ | Invesco Qqq Trust Series 1 | 0% | NEW | New buy |
| 21 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | +1.14% | Add |
| 22 | EEM | Ishares Msci Emerging Market | — | — | Unchanged |
| 23 | VRT | Vertiv Holdings Co-a | — | — | Unchanged |
| 24 | IWM | Ishares Russell 2000 ETF | — | — | Unchanged |
| 25 | TECH | Bio-techne CORP | — | — | Unchanged |
| 26 | IEF | Ishares 7-10 Year Treasury B | — | +22.61% | Add |
| 27 | JPM | Jpmorgan Chase & Co | — | +0.39% | Add |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | — | — | Unchanged |
| 29 | BF-B | Brown-forman Corp-class B | — | — | Unchanged |
| 30 | KEYS | Keysight Technologies In | 0% | -9.30% | Trim |
| 31 | EXR | Extra Space Storage Inc | 0% | — | Unchanged |
| 32 | FICO | Fair Isaac CORP | 0% | -0.08% | Trim |
| 33 | TSLA | Tesla Inc | 0% | -4.24% | Trim |
| 34 | AFL | Aflac Inc | 0% | — | Unchanged |
| 35 | RSP | Invesco S&p 500 Equal Weight | 0% | — | Unchanged |
| 36 | AHR | American Healthcare Reit Inc | 0% | — | Unchanged |
| 37 | IEFA | Ishares Core Msci Eafe ETF | 0% | — | Unchanged |
| 38 | SHW | Sherwin-williams Co/the | 0% | — | Unchanged |
| 39 | TLN | Talen Energy CORP | 0% | -1.41% | Trim |
| 40 | AAPL | Apple Inc | 0% | -5.75% | Trim |
| 41 | TXN | Texas Instruments Inc | 0% | -47.03% | Trim |
| 42 | HD | Home Depot Inc | 0% | EXIT | Sold out |
| 43 | JNJ | Johnson & Johnson | -0.1% | EXIT | Sold out |
| 44 | SCHW | Schwab (charles) CORP | -0.1% | -17.21% | Trim |
| 45 | GGG | Graco Inc | -0.1% | -4.43% | Trim |
| 46 | SCHR | Schwab Intermediate-term US | -0.1% | -4.86% | Trim |
| 47 | SCHP | Schwab U.s. Tips ETF | -0.1% | -5.00% | Trim |
| 48 | VMBS | Vanguard Mortgage-backed Sec | -0.1% | -5.20% | Trim |
| 49 | PFF | Ishares Preferred & Income S | -0.1% | -5.05% | Trim |
| 50 | AVTR | Avantor Inc | -0.1% | EXIT | Sold out |
1–50 of 78
Filing History
FAQ
What is Tran Capital Management, L.p. and what type of investor is it?
Tran Capital Management, L.p. 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 $868.7M, spread across 66 disclosed positions.
What are Tran Capital Management, L.p.'s largest equity positions?
Based on the latest 13F filing, Tran Capital Management, L.p.'s top holdings by market value are:
1. Arm Holdings Plc-adr (ARM) — $85.6M (9.9%)
2. Palo Alto Networks Inc (PANW) — $69.2M (8.0%)
3. Nvidia CORP (NVDA) — $58.3M (6.7%)
4. Amazon.com Inc (AMZN) — $41.9M (4.8%)
5. Alphabet Inc-cl A (GOOGL) — $38.4M (4.4%)
What changes did Tran Capital Management, L.p. make in its most recent portfolio filing?
In the latest reported quarter, Tran Capital Management, L.p. made 65 notable position adjustments: 7 new positions were initiated, 12 existing holdings were added to, 34 positions were partially reduced, and 12 were completely exited. The largest of these moves: Sold out: Intuit Inc (INTU); New buy: Crocs Inc (CROX); New buy: Micron Technology Inc (MU); New buy: Cf Industries Holdings Inc (CF); Sold out: Venture Global Inc-cl A (VG)
What sectors does Tran Capital Management, L.p. focus on?
Tran Capital Management, L.p. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 39.6%
• Industrials: 17.1%
• Communication Services: 9.4%
• Materials: 7.8%
• Consumer Discretionary: 7.5%
• Health Care: 6.7%
Investment Profile
Tran Capital Management, L.p. returned an annualized 18.5% over the trailing 36 months — underperforming the S&P 500 by 4.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.16 (more volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 39.6% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 39 over the past 4 quarters — a shift toward more active trading.
It has added to its ARM position over the past two quarters (+$64.9M, now $85.6M), while trimming MSFT over the same stretch (-$23.5M, still holding $34.7M).
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