TC
True Capital Management Historical SEC 13F Holdings & Archive (Q1 2023)
True Capital ManagementCIK: 0001697333
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$146.0M
Reporting period: 2023-03-31 · Number of holdings: 129
True Capital Management disclosed 129 holdings in its latest 13F filing for the period ending 2023-03-31, with total reported value of $146.0M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 10.29
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 67.35
- Diversification
- 100
- Sizing Uniformity
- 84.71
True Capital Management's disclosed holdings carry a Herfindahl concentration index of 0.026 — mathematically equivalent to about 39 equally-sized positions, well below its 129 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 1.53), 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.
Sector classification currently covers about 52% 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.govNo holding changes this quarter
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 | 8.64% | — | +1.54% | |
| 2 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 5.47% | — | -2.85% | |
| 3 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 4.87% | — | +0.00% | |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 4.85% | — | -7.92% | |
| 5 | META | Meta Platforms Inc-class A | Stock-Comm Services | 4.00% | — | +0.18% | |
| 6 | NVDA | Nvidia CORP | Stock-Tech | 2.65% | — | +2.11% | |
| 7 | TSLA | Tesla Inc | Stock-Consumer Disc | 2.58% | — | +142.45% | |
| 8 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.57% | — | +1.48% | |
| 9 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.40% | — | +3.18% | |
| 10 | COIN | Coinbase Global Inc -class A | Stock-Financials | 2.35% | — | -0.75% | |
| 11 | VTV | Vanguard Value ETF | ETF-Other | 2.30% | — | -0.31% | |
| 12 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.21% | — | +4.44% | |
| 13 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 2.19% | — | -16.85% | |
| 14 | MSFT | Microsoft CORP | Stock-Tech | 1.80% | — | +9.25% | |
| 15 | DFAT | Dimensional US Target Value | ETF-Other | 1.79% | — | -4.22% | |
| 16 | XYZ | Block Inc | Stock-Financials | 1.78% | — | +0.33% | |
| 17 | IWB | Ishares Russell 1000 ETF | ETF-Other | 1.66% | — | -2.63% | |
| 18 | WMT | Walmart Inc | Stock-Consumer Staples | 1.65% | — | +0.48% | |
| 19 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.60% | — | +1.52% | |
| 20 | VUG | Vanguard Growth ETF | ETF-Other | 1.59% | — | -0.62% | |
| 21 | IAU | Ishares Gold Trust | ETF-Commodities | 1.45% | — | — | |
| 22 | ARKK | Ark Innovation ETF | ETF-Other | 1.05% | — | +6.04% | |
| 23 | XLI | Ss Industrial Select Sector | ETF-Other | 0.93% | — | -2.77% | |
| 24 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.89% | — | +0.77% | |
| 25 | FTSM | First Trust Enh Short Mat Fd | ETF-Other | 0.88% | — | +35.42% | |
| 26 | XLF | Ss Financial Select Sector | ETF-Other | 0.87% | — | -2.56% | |
| 27 | VHT | Vanguard Health Care ETF | ETF-Other | 0.86% | — | +0.30% | |
| 28 | V | Visa Inc-class A Shares | Stock-Financials | 0.85% | — | +4.55% | |
| 29 | CLX | Clorox Company | Stock-Consumer Staples | 0.84% | — | — | |
| 30 | FVD | First Trust Value Line Dvd | ETF-Other | 0.83% | — | -1.43% | |
| 31 | ABNB | Airbnb Inc-class A | Stock-Consumer Disc | 0.81% | — | +1.00% | |
| 32 | QQQJ | Invesco Nasdaq Next Gen 100 | ETF-Tech | 0.80% | — | -2.44% | |
| 33 | IBB | Ishares Biotechnology ETF | ETF-Tech | 0.75% | — | -0.27% | |
| 34 | FDN | First Trust Dj Internet Ind | ETF-Other | 0.74% | — | -3.98% | |
| 35 | PSCT | Invesco S&p Smallcap Informa | ETF-Other | 0.74% | — | -2.24% | |
| 36 | DFAX | Dimensional World Ex US Core | ETF-Other | 0.73% | — | — | |
| 37 | FBK | Fb Financial CORP | Stock-Other | 0.71% | — | — | |
| 38 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.70% | — | +0.02% | |
| 39 | ICLN | Ishares Global Clean Energy | ETF-Other | 0.69% | — | -1.50% | |
| 40 | VNQ | Vanguard Real Estate ETF | ETF-Other | 0.68% | — | -5.06% | |
| 41 | UBER | Uber Technologies Inc | Stock-Industrials | 0.66% | — | +24.31% | |
| 42 | USMV | Ishares Msci USA Min Vol Fac | ETF-Other | 0.62% | — | -4.55% | |
| 43 | PM | Philip Morris International | Stock-Consumer Staples | 0.57% | — | +9.72% | |
| 44 | XLK | Ss Technology Select Sector | ETF-Tech | 0.57% | — | — | |
| 45 | FTC | First Trust Large Cap Growth | ETF-Large Cap & Growth | 0.55% | — | -2.12% | |
| 46 | HDV | Ishares Core High Dividend E | ETF-Other | 0.55% | — | -9.46% | |
| 47 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 0.52% | — | -3.05% | |
| 48 | NFLX | Netflix Inc | Stock-Comm Services | 0.51% | — | +9.63% | |
| 49 | FTCS | First Trust Capital Strength | ETF-Other | 0.50% | — | -5.89% | |
| 50 | BUG | Global X Cybersecurity ETF | ETF-Other | 0.47% | — | -1.72% |
1–50 of 129
Portfolio Performance
Performance for Q3 2026
+7.4%
Performance Last 4 Quarters
+16.4%
- Stdev
- +24.9%
- Beta
- +1.19
- Alpha
- +13.5%
- Max Drawdown
- -17.7%
- Annualized Perf
- +40.5%
- Batting Avg vs S&P
- +63.9%
- Sortino
- +3.41
- Stutzer
- +0.45
- Treynor
- +0.31
- Sterling
- +1.98
- Calmar
- +2.29
- Information Ratio
- +0.88
- Tracking Error
- +19.7%
- Stdev Down
- +11%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +92.1%
- Worst 12 Months
- -2.8%
- Efficiency Ratio
- +0.8
- Sharpe
- +1.5
- Stdev Sectors
- +11.2%
- Skewness
- +0.32
- Kurtosis
- -0.07
- Upside Potential
- +5.07
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is True Capital Management and what type of investor is it?
True Capital Management 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 (2023-03-31), the firm manages a tracked equity portfolio valued at approximately $146.0M, spread across 129 disclosed positions.
What are True Capital Management's largest equity positions?
Based on the latest 13F filing, True Capital Management's top holdings by market value are:
1. Apple Inc (AAPL) — $12.6M (8.6%)
2. Palantir Technologies Inc-a (PLTR) — $8.0M (5.5%)
3. Vanguard Dividend Apprec ETF (VIG) — $7.1M (4.9%)
4. Invesco Qqq Trust Series 1 (QQQ) — $7.1M (4.8%)
5. Meta Platforms Inc-class A (META) — $5.8M (4.0%)
What changes did True Capital Management make in its most recent portfolio filing?
No notable portfolio changes were recorded for True Capital Management in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does True Capital Management focus on?
True Capital Management is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 37.8%
• Communication Services: 18.6%
• Consumer Discretionary: 13.9%
• Financials: 12.0%
• Consumer Staples: 10.8%
• Industrials: 3.0%
Investment Profile
True Capital Management returned an annualized 40.5% over the trailing 36 months — outperforming the S&P 500 by 13.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.19 (more volatile than the market) and a 64% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 37.8% of the portfolio concentrated in Information Technology.
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Developer Access
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