CIK: 0002099846
Total reported value
$621.7M
Reporting period: 2026-03-31 · Number of holdings: 8
Agave Capital Management Ltd disclosed 8 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $621.7M and a quarterly turnover rate of 131.8%.
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Agave Capital Management Ltd's disclosed holdings carry a Herfindahl concentration index of 0.414 — mathematically equivalent to about 2 equally-sized positions, well below its 8 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 1.63), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 5.4 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 31% 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.
Add IVV
+194.0% $245.9M
Trim KRE
-56.7% -$16.4M
Add LIN
+20.7% $9.9M
Trim SMH
-8.7% -$1.6M
Trim XHB
0.0% -$462.4K
Sold out MSFT
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 62.24% | +38.68% | +194.01% | |
| 2 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 9.01% | +9.01% | NEW | |
| 3 | HD | Home Depot INC | Stock-Consumer Disc | 8.97% | +8.97% | NEW | |
| 4 | ADI | Analog Devices INC | Stock-Tech | 7.42% | +7.42% | NEW | |
| 5 | LIN | Linde plc | Stock-Materials | 5.58% | +1.43% | +20.69% | |
| 6 | SMH | Vaneck Semiconductor ETF | ETF-Other | 3.76% | -0.42% | -8.69% | |
| 7 | KRE | Ss Spdr S&p Regional Bank | ETF-Other | 1.96% | -2.81% | -56.73% | |
| 8 | XHB | Ss Spdr S&p Homebldrs ETF | ETF-Other | 1.06% | -0.11% | — |
Performance for Q3 2026
+3.1%
Performance Last 4 Quarters
+6.3%
Based on 3 months of available history
Based on 32% of reported portfolio value with available pricing
Agave Capital Management Ltd's most significant position changes for 2026-03-31: Sold out: Microsoft CORP (MSFT); New buy: Alphabet Inc-cl C (GOOG); New buy: Home Depot INC (HD); New buy: Analog Devices INC (ADI); Sold out: Boeing Co/the (BA).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +38.7% | +194.01% | Add |
| 2 | LIN | Linde plc | +1.4% | +20.69% | Add |
| 3 | XHB | Ss Spdr S&p Homebldrs ETF | -0.1% | — | Unchanged |
| 4 | SMH | Vaneck Semiconductor ETF | -0.4% | -8.69% | Trim |
| 5 | KRE | Ss Spdr S&p Regional Bank | -2.8% | -56.73% | Trim |
| 6 | MSFT | Microsoft CORP | — | EXIT | Sold out |
| 7 | GOOG | Alphabet Inc-cl C | — | NEW | New buy |
| 8 | HD | Home Depot INC | — | NEW | New buy |
| 9 | ADI | Analog Devices INC | — | NEW | New buy |
| 10 | BA | Boeing Co/the | — | EXIT | Sold out |
| 11 | GOOGL | Alphabet Inc-cl A | — | EXIT | Sold out |
| 12 | ULTA | Ulta Beauty INC | — | EXIT | Sold out |
| 13 | PLTR | Palantir Technologies Inc-a | — | EXIT | Sold out |
| 14 | HON | Honeywell International INC | — | EXIT | Sold out |
| 15 | ACN | Accenture plc | — | EXIT | Sold out |
| 16 | NVDA | Nvidia CORP | — | EXIT | Sold out |
| 17 | GM | General Motors Co | — | EXIT | Sold out |
| 18 | AMZN | Amazon.com INC | — | EXIT | Sold out |
| 19 | BKNG | Booking Holdings INC | — | EXIT | Sold out |
| 20 | COST | Costco Wholesale CORP | — | EXIT | Sold out |
| 21 | TEL | TE Connectivity plc | — | EXIT | Sold out |
| 22 | BAC | Bank Of America CORP | — | EXIT | Sold out |
| 23 | TMUS | T-mobile US INC | — | EXIT | Sold out |
| 24 | KBE | Ss Spdr S&p Bank ETF | — | EXIT | Sold out |
| 25 | KWEB | Kranesh Csi China Internet | — | EXIT | Sold out |
| 26 | XLU | St Sr Utl Sl Se Spdr Etf-usd | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-13 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-11 | 13F-HR | View on EDGAR |
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