CIK: 0002100122
Total reported value
$564.7M
Reporting period: 2026-03-31 · Number of holdings: 141
OPAL CAPITAL LLC disclosed 141 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $564.7M and a quarterly turnover rate of 90.7%.
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Opal Capital LLC's disclosed holdings carry a Herfindahl concentration index of 0.012 — mathematically equivalent to about 80 equally-sized positions, well below its 141 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.87), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
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 45% 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.
Trim C
-76.3% -$8.1M
Trim GS
-60.8% -$6.5M
Trim NRG
-96.4% -$7.3M
Add CVX
+122.4% $11.8M
Add LLY
+1005.5% $6.0M
Add MA
+1181.7% $5.8M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CVX | Chevron CORP | Stock-Energy | 3.14% | +1.65% | +122.45% | |
| 2 | PM | Philip Morris International | Stock-Consumer Staples | 2.82% | — | +10.26% | |
| 3 | VZ | Verizon Communications INC | Stock-Comm Services | 2.55% | — | +4.57% | |
| 4 | MPLX | Mplx LP | Stock-Energy | 2.34% | — | +5.34% | |
| 5 | BTI | British American Tob-sp Adr | Stock-Consumer Staples | 2.33% | -0.10% | +30.93% | |
| 6 | NEE | Nextera Energy INC | Stock-Utilities | 2.06% | — | -8.03% | |
| 7 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.91% | — | +2.28% | |
| 8 | UPS | United Parcel Service-cl B | Stock-Industrials | 1.74% | +0.26% | +68.08% | |
| 9 | CME | Cme Group INC | Stock-Financials | 1.73% | — | +3.26% | |
| 10 | NVDA | Nvidia CORP | Stock-Tech | 1.72% | +0.51% | +118.08% | |
| 11 | UNH | Unitedhealth Group INC | Stock-Healthcare | 1.67% | +0.71% | +196.62% | |
| 12 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.66% | +0.40% | +72.46% | |
| 13 | ABBV | Abbvie INC | Stock-Healthcare | 1.59% | — | +19.65% | |
| 14 | VLO | Valero Energy CORP | Stock-Energy | 1.58% | +1.58% | NEW | |
| 15 | HSY | Hershey Co/the | Stock-Consumer Staples | 1.57% | — | +38.66% | |
| 16 | UNVGY | Universal Music Gro-unsp Adr | Stock-Other | 1.56% | +1.56% | NEW | |
| 17 | D | Dominion Energy INC | Stock-Utilities | 1.54% | — | +5.29% | |
| 18 | ASML | ASML Holding N.V. | Stock-Tech | 1.45% | +0.75% | +137.78% | |
| 19 | AEP | American Electric Power | Stock-Utilities | 1.42% | — | +5.23% | |
| 20 | ENB | Enbridge INC | Stock-Energy | 1.32% | — | -34.23% | |
| 21 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.27% | +0.57% | +185.70% | |
| 22 | ORANY | Orange-spon Adr | Stock-Other | 1.23% | +1.23% | NEW | |
| 23 | PBR | Petroleo Brasileiro-spon Adr | Stock-Energy | 1.22% | +0.36% | +14.03% | |
| 24 | CI | THE Cigna Group | Stock-Healthcare | 1.22% | — | +19.32% | |
| 25 | PEP | Pepsico INC | Stock-Consumer Staples | 1.20% | — | -1.07% | |
| 26 | MSFT | Microsoft CORP | Stock-Tech | 1.18% | — | +18.76% | |
| 27 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.18% | +1.01% | +1005.50% | |
| 28 | AIG | American International Group | Stock-Financials | 1.16% | — | +5.53% | |
| 29 | GSK | Gsk Plc-spon Adr | Stock-Healthcare | 1.13% | — | +13.87% | |
| 30 | MA | Mastercard INC - A | Stock-Financials | 1.13% | +0.99% | +1181.65% | |
| 31 | KMI | Kinder Morgan INC | Stock-Energy | 1.10% | — | +4.94% | |
| 32 | ATO | Atmos Energy CORP | Stock-Utilities | 1.09% | +1.09% | NEW | |
| 33 | DVN | Devon Energy CORP | Stock-Energy | 1.08% | +1.08% | NEW | |
| 34 | AAPL | Apple INC | Stock-Tech | 1.07% | — | -16.07% | |
| 35 | HD | Home Depot INC | Stock-Consumer Disc | 1.07% | +0.98% | +1743.75% | |
| 36 | NFLX | Netflix INC | Stock-Comm Services | 1.05% | +0.69% | +254.91% | |
| 37 | BIPC | Brookfield Infrastructure-a | Stock-Utilities | 1.04% | — | +5.37% | |
| 38 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.99% | — | +92.43% | |
| 39 | ENLAY | Enel Spa - Unspon Adr | Stock-Other | 0.98% | +0.98% | NEW | |
| 40 | KKPNY | Koninklijke Kpn NV - Sp Adr | Stock-Other | 0.97% | +0.97% | NEW | |
| 41 | ✓ | Ferrovial Se | Stock-Other | 0.97% | +0.90% | +1968.47% | |
| 42 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.96% | — | +44.10% | |
| 43 | SPOT | Spotify Technology S.A. | Stock-Comm Services | 0.92% | +0.92% | NEW | |
| 44 | MELI | Mercadolibre INC | Stock-Consumer Disc | 0.91% | +0.80% | +1228.13% | |
| 45 | TTE | Totalenergies Se | Stock-Other | 0.89% | — | +70.93% | |
| 46 | MO | Altria Group INC | Stock-Consumer Staples | 0.89% | — | +0.68% | |
| 47 | QXO | Qxo INC | Stock-Industrials | 0.88% | +0.83% | +2185.16% | |
| 48 | UBER | Uber Technologies INC | Stock-Industrials | 0.83% | +0.72% | +1117.45% | |
| 49 | LEN | Lennar Corp-a | Stock-Consumer Disc | 0.82% | — | +124.74% | |
| 50 | ISNPY | Intesa Sanpaolo-spon Adr | Stock-Other | 0.80% | +0.80% | NEW |
Performance for Q3 2026
+1.8%
Performance Last 4 Quarters
+3.7%
Based on 5 months of available history
Based on 67% of reported portfolio value with available pricing
Opal Capital LLC's most significant position changes for 2026-03-31: Sold out: Novo-nordisk A/s-spons Adr (NVO); New buy: Valero Energy CORP (VLO); New buy: Universal Music Gro-unsp Adr (UNVGY); Sold out: Accenture plc (ACN); New buy: Orange-spon Adr (ORANY).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CVX | Chevron CORP | +1.7% | +122.45% | Add |
| 2 | LLY | Eli Lilly & Co | +1% | +1005.50% | Add |
| 3 | MA | Mastercard INC - A | +1% | +1181.65% | Add |
| 4 | HD | Home Depot INC | +1% | +1743.75% | Add |
| 5 | ✓ | Ferrovial Se | +0.9% | +1968.47% | Add |
| 6 | QXO | Qxo INC | +0.8% | +2185.16% | Add |
| 7 | MELI | Mercadolibre INC | +0.8% | +1228.13% | Add |
| 8 | ASML | ASML Holding N.V. | +0.8% | +137.78% | Add |
| 9 | UBER | Uber Technologies INC | +0.7% | +1117.45% | Add |
| 10 | UNH | Unitedhealth Group INC | +0.7% | +196.62% | Add |
| 11 | NFLX | Netflix INC | +0.7% | +254.91% | Add |
| 12 | BN | Brookfield CORP | +0.7% | +2167.58% | Add |
| 13 | INTU | Intuit INC | +0.7% | +1215.70% | Add |
| 14 | NKE | Nike INC -cl B | +0.6% | +1772.80% | Add |
| 15 | GOOG | Alphabet Inc-cl C | +0.6% | +185.70% | Add |
| 16 | NVDA | Nvidia CORP | +0.5% | +118.08% | Add |
| 17 | TSM | Taiwan Semiconductor-sp Adr | +0.4% | +72.46% | Add |
| 18 | PBR | Petroleo Brasileiro-spon Adr | +0.4% | +14.03% | Add |
| 19 | UPS | United Parcel Service-cl B | +0.3% | +68.08% | Add |
| 20 | BTI | British American Tob-sp Adr | -0.1% | +30.93% | Add |
| 21 | WMT | Walmart INC | -0.9% | -92.96% | Trim |
| 22 | NRG | Nrg Energy INC | -1.9% | -96.41% | Trim |
| 23 | GS | Goldman Sachs Group INC | -1.9% | -60.79% | Trim |
| 24 | C | Citigroup INC | -2.2% | -76.35% | Trim |
| 25 | NVO | Novo-nordisk A/s-spons Adr | — | EXIT | Sold out |
| 26 | VLO | Valero Energy CORP | — | NEW | New buy |
| 27 | UNVGY | Universal Music Gro-unsp Adr | — | NEW | New buy |
| 28 | ACN | Accenture plc | — | EXIT | Sold out |
| 29 | ORANY | Orange-spon Adr | — | NEW | New buy |
| 30 | CRH | CRH plc | — | EXIT | Sold out |
| 31 | ATO | Atmos Energy CORP | — | NEW | New buy |
| 32 | DVN | Devon Energy CORP | — | NEW | New buy |
| 33 | ENLAY | Enel Spa - Unspon Adr | — | NEW | New buy |
| 34 | KKPNY | Koninklijke Kpn NV - Sp Adr | — | NEW | New buy |
| 35 | SPOT | Spotify Technology S.A. | — | NEW | New buy |
| 36 | IVV | Ishares Core S&p 500 ETF | — | EXIT | Sold out |
| 37 | ISNPY | Intesa Sanpaolo-spon Adr | — | NEW | New buy |
| 38 | RHHBY | Roche Holdings Ltd-spons Adr | — | NEW | New buy |
| 39 | RBGLY | Reckitt Benckiser-spon Adr | — | NEW | New buy |
| 40 | VIV | Telefonica Brasil-adr | — | NEW | New buy |
| 41 | WMMVY | Walmart De Mexico-spon Adr V | — | NEW | New buy |
| 42 | IMBBY | Imperial Brands Plc-spon Adr | — | NEW | New buy |
| 43 | BP | Bp Plc-spons Adr | — | NEW | New buy |
| 44 | NU | Nu Holdings Ltd. | — | NEW | New buy |
| 45 | GPC | Genuine Parts Co | — | EXIT | Sold out |
| 46 | HESAY | Hermes Intl-unsponsored Adr | — | NEW | New buy |
| 47 | VOO | Vanguard S&p 500 ETF | — | EXIT | Sold out |
| 48 | KCDMY | Kimberly-clark De Mexico-adr | — | NEW | New buy |
| 49 | BNPQY | BNP Paribas-adr | — | NEW | New buy |
| 50 | NSRGY | Nestle Sa-spons Adr | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-18 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
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