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Whetstone Capital Advisors, LLC — 13F Portfolio Breakdown & Top Holdings (Q2 2026)
Whetstone Capital Advisors, LLCCIK: 0001607278
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$380.4M
Reporting period: 2026-06-30 · Number of holdings: 68
Whetstone Capital Advisors, LLC disclosed 68 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $380.4M and a quarterly turnover rate of 53.0%.
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Personality snowflake
- Concentration
- 41.84
- Portfolio Stability
- 52.95
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 75.3
Whetstone Capital Advisors, LLC's disclosed holdings carry a Herfindahl concentration index of 0.105 — mathematically equivalent to about 10 equally-sized positions, well below its 68 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 2.47), 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.govTrim NET
-25.5% -$9.3M
Add DAVE
-0.5% $44.1M
New buy FRMI
Trim AMZN
-25.6% -$2.9M
New buy SE
New buy BETR
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 67 holdings (of 68 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DAVE | Dave Inc | Stock-Other | 21.85% | +8.32% | -0.48% | |
| 2 | NET | Cloudflare Inc - Class A | Stock-Tech | 18.88% | -9.24% | -25.49% | |
| 3 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 10.74% | -1.06% | -2.53% | |
| 4 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 4.34% | -2.38% | -25.60% | |
| 5 | FRMI | Fermi Inc | Stock-Other | 3.16% | +3.16% | NEW | |
| 6 | KLAR | Klarna Group plc | Stock-Other | 2.71% | +0.40% | -0.25% | |
| 7 | XYZ | Block Inc | Stock-Financials | 2.48% | -0.10% | +0.10% | |
| 8 | TOST | Toast Inc-class A | Stock-Tech | 2.46% | -0.63% | +0.24% | |
| 9 | XZO | Exzeo Group Inc | Stock-Other | 2.40% | +0.31% | +31.65% | |
| 10 | OPRX | Optimizerx CORP | Stock-Other | 2.27% | -1.01% | — | |
| 11 | SE | Sea Ltd-adr | Stock-Comm Services | 2.15% | +2.15% | NEW | |
| 12 | ETOR | eToro Group Ltd. | Stock-Other | 1.97% | +0.52% | +36.81% | |
| 13 | BETR | Better Home & Finance Holdin | Stock-Other | 1.84% | +1.84% | NEW | |
| 14 | FIGR | Figure Technology Solut-cl A | Stock-Other | 1.82% | +1.82% | NEW | |
| 15 | COIN | Coinbase Global Inc -class A | Stock-Financials | 1.81% | +0.28% | +86.25% | |
| 16 | PHR | Phreesia Inc | Stock-Other | 1.70% | -1.07% | -33.98% | |
| 17 | ORCL | Oracle CORP | Stock-Tech | 1.60% | +1.60% | NEW | |
| 18 | SERA | Sera Prognostics Inc-a | Stock-Other | 1.58% | -0.75% | — | |
| 19 | HOOD | Robinhood Markets Inc - A | Stock-Financials | 1.44% | +0.23% | +8.78% | |
| 20 | WLTH | Wealthfront CORP | Stock-Other | 1.42% | -0.33% | +10.57% | |
| 21 | ✓ | Pagaya Technologies LTD Cl | Stock-Other | 1.42% | +0.22% | -0.13% | |
| 22 | HCAT | Health Catalyst Inc | Stock-Other | 0.88% | -1.67% | -70.91% | |
| 23 | TTAN | Servicetitan Inc-a | Stock-Tech | 0.86% | +0.86% | NEW | |
| 24 | RPAY | Repay Holdings CORP | Stock-Other | 0.84% | -1.59% | -71.58% | |
| 25 | BSY | Bentley Systems Inc-class B | Stock-Tech | 0.77% | +0.77% | NEW | |
| 26 | ✓ | Pics NV | Stock-Other | 0.58% | +0.58% | NEW | |
| 27 | PCOR | Procore Technologies Inc | Stock-Tech | 0.52% | +0.52% | NEW | |
| 28 | NVDA | Nvidia CORP | Stock-Tech | 0.51% | +0.51% | NEW | |
| 29 | AVGO | Broadcom Inc | Stock-Tech | 0.44% | +0.44% | NEW | |
| 30 | VERX | Vertex Inc - Class A | Stock-Other | 0.41% | +0.41% | NEW | |
| 31 | HIT | Health In Tech Inc-class A | Stock-Other | 0.40% | +0.40% | NEW | |
| 32 | KVYO | Klaviyo Inc-a | Stock-Other | 0.35% | +0.35% | NEW | |
| 33 | MRVL | Marvell Technology Inc | Stock-Tech | 0.33% | +0.33% | NEW | |
| 34 | MPWR | Monolithic Power Systems Inc | Stock-Tech | 0.22% | +0.22% | NEW | |
| 35 | ASML | ASML Holding N.V. | Stock-Tech | 0.21% | +0.21% | NEW | |
| 36 | ASAN | Asana Inc - Cl A | Stock-Other | 0.19% | -0.66% | -72.47% | |
| 37 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.19% | +0.19% | NEW | |
| 38 | BRZE | Braze Inc-a | Stock-Other | 0.18% | +0.18% | NEW | |
| 39 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.10% | -0.02% | -7.69% | |
| 40 | AMKR | Amkor Technology Inc | Stock-Tech | 0.10% | +0.10% | NEW | |
| 41 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.09% | +0.01% | -8.67% | |
| 42 | OUT | Outfront Media Inc | Stock-Other | 0.08% | -0.01% | — | |
| 43 | CAMT | Camtek Ltd. | Stock-Other | 0.08% | +0.08% | NEW | |
| 44 | CLS | Celestica Inc | Stock-Tech | 0.07% | +0.07% | NEW | |
| 45 | WSO | Watsco Inc | Stock-Industrials | 0.07% | -0.01% | — | |
| 46 | MMM | 3m Co | Stock-Industrials | 0.07% | -0.02% | — | |
| 47 | APO | Apollo Global Management Inc | Stock-Financials | 0.07% | -0.02% | — | |
| 48 | SMG | Scotts Miracle-gro Co | Stock-Materials | 0.07% | -0.02% | — | |
| 49 | KVUE | Kenvue Inc | Stock-Consumer Staples | 0.07% | -0.02% | — | |
| 50 | MO | Altria Group Inc | Stock-Consumer Staples | 0.07% | -0.02% | — |
1–50 of 67
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Portfolio Performance
Performance for Q3 2026
+16.7%
Performance Last 4 Quarters
+17%
- Stdev
- +33.3%
- Beta
- +1.93
- Alpha
- -1.3%
- Max Drawdown
- -28.1%
- Annualized Perf
- +37.4%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +2.56
- Stutzer
- +0.34
- Treynor
- +0.19
- Sterling
- +1.34
- Calmar
- +1.33
- Information Ratio
- +0.68
- Tracking Error
- +25.2%
- Stdev Down
- +14.6%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +74.3%
- Worst 12 Months
- +0.3%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.12
- Stdev Sectors
- +16.1%
- Skewness
- +0.64
- Kurtosis
- -0.05
- Upside Potential
- +4.38
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 68 | $380.4M | 53 | ||
| 2026 Q1 | 56 | $288.4M | 53 | ||
| 2025 Q4 | 54 | $320.5M | 40 | ||
| 2025 Q3 | 56 | $361.1M | 62 | ||
| 2025 Q2 | 32 | $354.0M | 0 | ||
| 2025 Q1 | 28 | $226.3M | 100 | ||
| 2024 Q4 | 30 | $310.2M | 0 | ||
| 2024 Q3 | 37 | $207.5M | 0 | ||
| 2024 Q2 | 38 | $215.5M | 0 | ||
| 2024 Q1 | 31 | $228.4M | 0 | ||
| 2023 Q4 | 30 | $198.8M | 0 | ||
| 2023 Q3 | 35 | $180.8M | 0 | ||
| 2023 Q2 | 37 | $179.2M | 0 | ||
| 2023 Q1 | 38 | $155.1M | 0 | ||
| 2022 Q4 | 32 | $115.4M | 0 | ||
| 2022 Q3 | 24 | $162.1M | 0 | ||
| 2022 Q2 | 22 | $170.6M | 0 | ||
| 2022 Q1 | 24 | $296.1M | 0 | ||
| 2021 Q4 | 26 | $487.9M | 0 | ||
| 2021 Q3 | 29 | $571.9M | 0 | ||
| 2021 Q2 | 26 | $538.3M | 94 | ||
| 2021 Q1 | 30 | $474.1M | 30 | ||
| 2020 Q4 | 26 | $484.1M | 64 | ||
| 2020 Q3 | 31 | $539.8M | 20 | ||
| 2020 Q2 | 34 | $474.6M | 56 | ||
| 2020 Q1 | 29 | $290.6M | 58 | ||
| 2019 Q4 | 23 | $326.1M | 28 | ||
| 2019 Q3 | 24 | $372.2M | 40 | ||
| 2019 Q2 | 23 | $323.8M | 32 | ||
| 2019 Q1 | 18 | $246.5M | 35 | ||
| 2018 Q4 | 17 | $172.8M | 66 | ||
| 2018 Q3 | 25 | $284.4M | 25 | ||
| 2018 Q2 | 28 | $261.9M | 52 | ||
| 2018 Q1 | 31 | $205.6M | 45 | ||
| 2017 Q4 | 30 | $224.3M | 50 | ||
| 2017 Q3 | 28 | $219.4M | 25 | ||
| 2017 Q2 | 23 | $187.8M | 60 | ||
| 2017 Q1 | 22 | $195.6M | 40 | ||
| 2016 Q4 | 20 | $186.0M | 54 | ||
| 2016 Q3 | 21 | $212.9M | 27 | ||
| 2016 Q2 | 18 | $170.2M | 60 | ||
| 2016 Q1 | 22 | $150.7M | 73 | ||
| 2015 Q4 | 22 | $235.4M | 53 | ||
| 2015 Q3 | 24 | $266.2M | 71 | ||
| 2015 Q2 | 35 | $345.8M | 35 | ||
| 2015 Q1 | 37 | $287.1M | 50 | ||
| 2014 Q4 | 33 | $208.1M | 45 | ||
| 2014 Q3 | 68 | $202.2M | 46 | ||
| 2014 Q2 | 39 | $176.5M | 56 | ||
| 2014 Q1 | 32 | $133.7M | 0 |
Holding changes this quarter
Whetstone Capital Advisors, LLC's most significant position changes for 2026-06-30: New buy: Fermi Inc (FRMI); New buy: Sea Ltd-adr (SE); New buy: Better Home & Finance Holdin (BETR); New buy: Figure Technology Solut-cl A (FIGR); New buy: Oracle CORP (ORCL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DAVE | Dave Inc | +8.3% | -0.48% | Trim |
| 2 | FRMI | Fermi Inc | +3.2% | NEW | New buy |
| 3 | SE | Sea Ltd-adr | +2.2% | NEW | New buy |
| 4 | BETR | Better Home & Finance Holdin | +1.8% | NEW | New buy |
| 5 | FIGR | Figure Technology Solut-cl A | +1.8% | NEW | New buy |
| 6 | ORCL | Oracle CORP | +1.6% | NEW | New buy |
| 7 | TTAN | Servicetitan Inc-a | +0.9% | NEW | New buy |
| 8 | BSY | Bentley Systems Inc-class B | +0.8% | NEW | New buy |
| 9 | ✓ | Pics NV | +0.6% | NEW | New buy |
| 10 | ETOR | eToro Group Ltd. | +0.5% | +36.81% | Add |
| 11 | PCOR | Procore Technologies Inc | +0.5% | NEW | New buy |
| 12 | NVDA | Nvidia CORP | +0.5% | NEW | New buy |
| 13 | AVGO | Broadcom Inc | +0.4% | NEW | New buy |
| 14 | VERX | Vertex Inc - Class A | +0.4% | NEW | New buy |
| 15 | KLAR | Klarna Group plc | +0.4% | -0.25% | Trim |
| 16 | HIT | Health In Tech Inc-class A | +0.4% | NEW | New buy |
| 17 | KVYO | Klaviyo Inc-a | +0.4% | NEW | New buy |
| 18 | MRVL | Marvell Technology Inc | +0.3% | NEW | New buy |
| 19 | XZO | Exzeo Group Inc | +0.3% | +31.65% | Add |
| 20 | COIN | Coinbase Global Inc -class A | +0.3% | +86.25% | Add |
| 21 | HOOD | Robinhood Markets Inc - A | +0.2% | +8.78% | Add |
| 22 | ✓ | Pagaya Technologies LTD Cl | +0.2% | -0.13% | Trim |
| 23 | MPWR | Monolithic Power Systems Inc | +0.2% | NEW | New buy |
| 24 | ASML | ASML Holding N.V. | +0.2% | NEW | New buy |
| 25 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | NEW | New buy |
| 26 | BRZE | Braze Inc-a | +0.2% | NEW | New buy |
| 27 | AMKR | Amkor Technology Inc | +0.1% | NEW | New buy |
| 28 | CAMT | Camtek Ltd. | +0.1% | NEW | New buy |
| 29 | CLS | Celestica Inc | +0.1% | NEW | New buy |
| 30 | UNH | Unitedhealth Group Inc | 0% | -8.67% | Trim |
| 31 | OUT | Outfront Media Inc | 0% | — | Unchanged |
| 32 | UL | Unilever Plc-sponsored Adr | 0% | +14.15% | Add |
| 33 | WSO | Watsco Inc | 0% | — | Unchanged |
| 34 | KREF | Kkr Real Estate Finance Trus | 0% | — | Unchanged |
| 35 | PM | Philip Morris International | 0% | — | Unchanged |
| 36 | BLND | Blend Labs Inc-a | 0% | EXIT | Sold out |
| 37 | GOOGL | Alphabet Inc-cl A | 0% | -7.69% | Trim |
| 38 | SMG | Scotts Miracle-gro Co | 0% | — | Unchanged |
| 39 | MMM | 3m Co | 0% | — | Unchanged |
| 40 | KVUE | Kenvue Inc | 0% | — | Unchanged |
| 41 | MO | Altria Group Inc | 0% | — | Unchanged |
| 42 | PSX | Phillips 66 | 0% | — | Unchanged |
| 43 | APO | Apollo Global Management Inc | 0% | — | Unchanged |
| 44 | MTN | Vail Resorts Inc | 0% | — | Unchanged |
| 45 | GSK | Gsk Plc-spon Adr | 0% | — | Unchanged |
| 46 | JNJ | Johnson & Johnson | 0% | — | Unchanged |
| 47 | CI | THE Cigna Group | 0% | -6.65% | Trim |
| 48 | BX | Blackstone Inc | 0% | — | Unchanged |
| 49 | BAM | Brookfield Asset Mgmt-a | 0% | — | Unchanged |
| 50 | CG | Carlyle Group Inc/the | 0% | — | Unchanged |
1–50 of 76
Filing History
FAQ
What is Whetstone Capital Advisors, LLC and what type of investor is it?
Whetstone Capital Advisors, 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 $380.4M, spread across 68 disclosed positions.
What are Whetstone Capital Advisors, LLC's largest equity positions?
Based on the latest 13F filing, Whetstone Capital Advisors, LLC's top holdings by market value are:
1. Dave Inc (DAVE) — $83.1M (21.9%)
2. Cloudflare Inc - Class A (NET) — $71.8M (18.9%)
3. Alphabet Inc-cl C (GOOG) — $40.9M (10.7%)
4. Amazon.com Inc (AMZN) — $16.5M (4.3%)
5. Fermi Inc (FRMI) — $12.0M (3.2%)
What changes did Whetstone Capital Advisors, LLC make in its most recent portfolio filing?
In the latest reported quarter, Whetstone Capital Advisors, LLC made 53 notable position adjustments: 22 new positions were initiated, 8 existing holdings were added to, 14 positions were partially reduced, and 9 were completely exited. The largest of these moves: New buy: Fermi Inc (FRMI); New buy: Sea Ltd-adr (SE); New buy: Better Home & Finance Holdin (BETR); New buy: Figure Technology Solut-cl A (FIGR); New buy: Oracle CORP (ORCL)
What sectors does Whetstone Capital Advisors, LLC focus on?
Whetstone Capital Advisors, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 52.5%
• Communication Services: 25.1%
• Financials: 11.7%
• Consumer Discretionary: 8.6%
• Health Care: 0.8%
• Consumer Staples: 0.6%
Investment Profile
Whetstone Capital Advisors, LLC returned an annualized 37.4% over the trailing 36 months — underperforming the S&P 500 by 1.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.93 (more volatile than the market) and a 53% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 52.5% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 53 over the past 4 quarters — a shift toward more active trading.
It has added to its XZO position over the past two quarters (+$4.7M, now $9.1M), while trimming OPRX over the same stretch (-$9.9M, still holding $8.6M).
Peer Institutions
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BF
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Total reported value
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Concentration100.0
Portfolio Stability21.1
Sector conviction100.0
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View detail
HG
Hobbs Group Advisors, LLC
CIK 0002012280
Total reported value
$380.1M
205 stks
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Concentration14.7
Portfolio Stability22.0
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View detail
AC
Arrowgrass Capital Partners (us) LP
CIK 0001454288
Total reported value
$380.1M
65 stks
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Stale — no recent filing
Concentration25.9
Portfolio Stability100.0
Sector conviction72.5
AUM within 0.1% of this institution
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Developer Access
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REST API
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