PC
Praxis Capital Management LLC — Quarterly 13F Portfolio Report
Praxis Capital Management LLCCIK: 0001791253
Momentum followerDiversified strategyQuality / disciplined sizing
Total reported value
$42.8M
Reporting period: 2026-03-31 · Number of holdings: 39
Praxis Capital Management LLC disclosed 39 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $42.8M and a quarterly turnover rate of 55.3%.
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Personality snowflake
- Concentration
- 28.14
- Portfolio Stability
- 55.35
- Momentum/Contrarian
- 100
- Sector conviction
- 44.92
- Diversification
- 78
- Sizing Uniformity
- 86.62
Praxis Capital Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.070 — mathematically equivalent to about 14 equally-sized positions, well below its 39 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 1.34), 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 44% 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.
Recent moves
Trim SPY
+17.4% $703.9K
Add QQQ
+106.1% $2.8M
Trim GOOG
+0.1% -$99.2K
Trim JPM
+0.5% -$86.7K
Trim NVDA
0.0% -$66.6K
Trim AMZN
0.0% -$90.2K
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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 15.34% | -5.66% | +17.44% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 13.62% | +2.84% | +106.12% | |
| 3 | GLD | Spdr Gold Shares | ETF-Commodities | 12.56% | +12.56% | NEW | |
| 4 | FXI | Ishares China Large-cap ETF | ETF-Emerging Markets | 4.64% | +4.64% | NEW | |
| 5 | PDBC | Invesco Optimum Yield Divers | ETF-Other | 3.56% | +3.56% | NEW | |
| 6 | OXY | Occidental Petroleum CORP | Stock-Energy | 3.09% | +0.11% | +0.55% | |
| 7 | SLV | Ishares Silver Trust | ETF-Commodities | 2.63% | +2.63% | NEW | |
| 8 | ✓ | Adecoagro SA | Stock-Other | 2.49% | +2.49% | NEW | |
| 9 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.48% | -1.68% | +0.05% | |
| 10 | CME | Cme Group INC | Stock-Financials | 2.33% | -0.89% | +2.49% | |
| 11 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.24% | -1.51% | +0.46% | |
| 12 | NVDA | Nvidia CORP | Stock-Tech | 2.24% | -1.43% | — | |
| 13 | HSY | Hershey Co/the | Stock-Consumer Staples | 2.11% | -0.70% | +0.65% | |
| 14 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.95% | -1.36% | — | |
| 15 | AAPL | Apple INC | Stock-Tech | 1.88% | -1.20% | +0.09% | |
| 16 | WM | Waste Management INC | Stock-Industrials | 1.86% | -0.85% | +0.41% | |
| 17 | UNP | Union Pacific CORP | Stock-Industrials | 1.78% | -0.82% | — | |
| 18 | AVGO | Broadcom INC | Stock-Tech | 1.74% | -1.23% | +0.17% | |
| 19 | FCX | Freeport-mcmoran INC | Stock-Materials | 1.66% | -0.53% | +0.23% | |
| 20 | OLN | Olin CORP | Stock-Materials | 1.65% | +0.53% | +57.43% | |
| 21 | HD | Home Depot INC | Stock-Consumer Disc | 1.62% | -0.96% | +0.67% | |
| 22 | V | Visa Inc-class A Shares | Stock-Financials | 1.50% | -1.17% | +0.19% | |
| 23 | EQT | Eqt CORP | Stock-Energy | 1.49% | -0.43% | +0.26% | |
| 24 | FLEX | Flex Ltd. | Stock-Tech | 1.38% | -0.57% | — | |
| 25 | MSFT | Microsoft CORP | Stock-Tech | 1.30% | -1.30% | +0.20% | |
| 26 | BATRK | Atlanta Braves Holdings In-c | Stock-Other | 1.00% | -0.41% | — | |
| 27 | ISRG | Intuitive Surgical INC | Stock-Healthcare | 0.97% | -0.85% | — | |
| 28 | GD | General Dynamics CORP | Stock-Industrials | 0.93% | -0.46% | +0.35% | |
| 29 | ILMN | Illumina INC | Stock-Healthcare | 0.86% | -0.55% | — | |
| 30 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.85% | -0.74% | — | |
| 31 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.84% | -0.51% | — | |
| 32 | GS | Goldman Sachs Group INC | Stock-Financials | 0.80% | -0.47% | +0.49% | |
| 33 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.80% | -0.30% | +0.10% | |
| 34 | DOW | Dow INC | Stock-Materials | 0.73% | +0.73% | NEW | |
| 35 | LYB | LyondellBasell Industries N.V. | Stock-Materials | 0.72% | +0.72% | NEW | |
| 36 | CTRA | Coterra Energy INC | Stock-Energy | 0.62% | +0.62% | NEW | |
| 37 | APH | Amphenol Corp-cl A | Stock-Tech | 0.59% | -0.38% | +0.15% | |
| 38 | SLB | Slb LTD | Stock-Energy | 0.58% | +0.58% | NEW | |
| 39 | MDB | Mongodb INC | Stock-Tech | 0.57% | -0.93% | — |
Portfolio Performance
Performance for Q3 2026
0%
Performance Last 4 Quarters
+7%
Based on 5 months of available history
Based on 85% of reported portfolio value with available pricing
- Stdev
- +21.4%
- Beta
- +0.97
- Alpha
- -3.5%
- Max Drawdown
- -5.1%
- Annualized Perf
- +17.6%
- Batting Avg vs S&P
- +40%
- Sortino
- +2.14
- Stutzer
- —
- Treynor
- +0.19
- Sterling
- —
- Calmar
- +3.49
- Information Ratio
- -0.61
- Tracking Error
- +7%
- Stdev Down
- +8.5%
- Winning Months %
- +40%
- Losing Months %
- +60%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.29
- Sharpe
- +0.85
- Stdev Sectors
- +6.6%
- Skewness
- +0.48
- Kurtosis
- -1.31
- Upside Potential
- +4.43
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Praxis Capital Management LLC's most significant position changes for 2026-03-31: New buy: Spdr Gold Shares (GLD); New buy: Ishares China Large-cap ETF (FXI); New buy: Invesco Optimum Yield Divers (PDBC); New buy: Ishares Silver Trust (SLV); New buy: Adecoagro SA.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | +2.8% | +106.12% | Add |
| 2 | OLN | Olin CORP | +0.5% | +57.43% | Add |
| 3 | OXY | Occidental Petroleum CORP | +0.1% | +0.55% | Add |
| 4 | TSM | Taiwan Semiconductor-sp Adr | -0.3% | +0.10% | Add |
| 5 | APH | Amphenol Corp-cl A | -0.4% | +0.15% | Add |
| 6 | BATRK | Atlanta Braves Holdings In-c | -0.4% | — | Unchanged |
| 7 | EQT | Eqt CORP | -0.4% | +0.26% | Add |
| 8 | GD | General Dynamics CORP | -0.5% | +0.35% | Add |
| 9 | GS | Goldman Sachs Group INC | -0.5% | +0.49% | Add |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | -0.5% | — | Unchanged |
| 11 | FCX | Freeport-mcmoran INC | -0.5% | +0.23% | Add |
| 12 | ILMN | Illumina INC | -0.6% | — | Unchanged |
| 13 | FLEX | Flex Ltd. | -0.6% | — | Unchanged |
| 14 | HSY | Hershey Co/the | -0.7% | +0.65% | Add |
| 15 | PLTR | Palantir Technologies Inc-a | -0.7% | — | Unchanged |
| 16 | UNP | Union Pacific CORP | -0.8% | — | Unchanged |
| 17 | ISRG | Intuitive Surgical INC | -0.9% | — | Unchanged |
| 18 | WM | Waste Management INC | -0.9% | +0.41% | Add |
| 19 | CME | Cme Group INC | -0.9% | +2.49% | Add |
| 20 | MDB | Mongodb INC | -0.9% | — | Unchanged |
| 21 | HD | Home Depot INC | -1% | +0.67% | Add |
| 22 | V | Visa Inc-class A Shares | -1.2% | +0.19% | Add |
| 23 | AAPL | Apple INC | -1.2% | +0.09% | Add |
| 24 | AVGO | Broadcom INC | -1.2% | +0.17% | Add |
| 25 | MSFT | Microsoft CORP | -1.3% | +0.20% | Add |
| 26 | AMZN | Amazon.com INC | -1.4% | — | Unchanged |
| 27 | NVDA | Nvidia CORP | -1.4% | — | Unchanged |
| 28 | JPM | Jpmorgan Chase & Co | -1.5% | +0.46% | Add |
| 29 | GOOG | Alphabet Inc-cl C | -1.7% | +0.05% | Add |
| 30 | SPY | Ss Spdr S&p 500 ETF Trust-us | -5.7% | +17.44% | Add |
| 31 | GLD | Spdr Gold Shares | — | NEW | New buy |
| 32 | FXI | Ishares China Large-cap ETF | — | NEW | New buy |
| 33 | PDBC | Invesco Optimum Yield Divers | — | NEW | New buy |
| 34 | SLV | Ishares Silver Trust | — | NEW | New buy |
| 35 | ✓ | Adecoagro SA | — | NEW | New buy |
| 36 | DOW | Dow INC | — | NEW | New buy |
| 37 | LYB | LyondellBasell Industries N.V. | — | NEW | New buy |
| 38 | ARGT | Global X Msci Argentina ETF | — | EXIT | Sold out |
| 39 | CTRA | Coterra Energy INC | — | NEW | New buy |
| 40 | SLB | Slb LTD | — | NEW | New buy |
| 41 | U | Unity Software INC | — | EXIT | Sold out |
| 42 | NTRA | Natera INC | — | EXIT | Sold out |
| 43 | HOOD | Robinhood Markets INC - A | — | EXIT | Sold out |
| 44 | PATH | Uipath INC - Class A | — | EXIT | Sold out |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-01 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-09 | 13F-HR | View on EDGAR |
FAQ
What is Praxis Capital Management LLC and what type of investor is it?
Praxis Capital Management LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $42.8M, spread across 39 disclosed positions.
What are Praxis Capital Management LLC's largest equity positions?
Based on the latest 13F filing, Praxis Capital Management LLC's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $6.6M (15.3%)
2. Invesco Qqq Trust Series 1 (QQQ) — $5.8M (13.6%)
3. Spdr Gold Shares (GLD) — $5.4M (12.6%)
4. Ishares China Large-cap ETF (FXI) — $2.0M (4.6%)
5. Invesco Optimum Yield Divers (PDBC) — $1.5M (3.6%)
What changes did Praxis Capital Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Praxis Capital Management LLC made 34 notable position adjustments: 9 new positions were initiated, 20 existing holdings were added to, 0 positions were partially reduced, and 5 were completely exited. The largest of these moves: New buy: Spdr Gold Shares (GLD); New buy: Ishares China Large-cap ETF (FXI); New buy: Invesco Optimum Yield Divers (PDBC); New buy: Ishares Silver Trust (SLV); New buy: Adecoagro SA
What sectors does Praxis Capital Management LLC focus on?
Praxis Capital Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 25.7%
• Financials: 17.5%
• Energy: 13.1%
• Materials: 10.8%
• Industrials: 10.3%
• Consumer Discretionary: 8.1%
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