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ACM
Avalon Capital Management Portfolio holdings
AUM
$423M
1-Year Est. Return
54.12%
This Fund
S&P 500
This Quarter
Est. Return
+9.96%
1 Year Est. Return
+54.12%
3 Year Est. Return
+150.65%
5 Year Est. Return
+180.35%
10 Year Est. Return
+847.51%
AUM
$418M
AUM Growth
+$9.99M
(+2.4%)
Cap. Flow
-$17.9M
Cap. Flow
% of AUM
-4.29%
Top 10 Holdings %
Top 10 Hldgs %
47.27%
Holding
152
New
19
Increased
38
Reduced
38
Closed
13
Avg Time Held
7.2
quarters
Top 10 Avg Time Held
11.1
quarters
Top 20 Avg Time Held
12.1
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Emerging Markets Bond ETF
EMBX
|
+$9.59M |
| 2 |
Amgen
AMGN
|
+$9.17M |
| 3 |
Eli Lilly
LLY
|
+$8.61M |
| 4 |
Invesco CurrencyShares Swiss Franc Trust
FXF
|
+$7.56M |
| 5 |
iShares MSCI Germany ETF
EWG
|
+$5.46M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg Short Term International Treasury Bond ETF
BWZ
|
+$21.6M |
| 2 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$9.83M |
| 3 |
First Trust Dow Jones Internet Index Fund ETF
FDN
|
+$7.56M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$6.57M |
| 5 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$6.33M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 56.12% |
| 2 | Communication Services | 16.3% |
| 3 | Technology | 10.71% |
| 4 | Healthcare | 6.22% |
| 5 | Consumer Discretionary | 3.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Alphabet (Google) Class A
GOOGL
$4.33T
| $43.4M | 10.38% |
138,681
-8,588
| -6% | -$2.45M |
2015 Q4
40 quarters
|
|
2
VanEck Gold Miners ETF
GDX
$26.2B
| $30.6M | 7.31% |
356,305
-66,633
| -16% | -$5.26M |
2021 Q4
16 quarters
|
|
3
Alphabet (Google) Class C
GOOG
$4.27T
| $23M | 5.5% |
73,281
-985
| -1% | -$282K |
2013 Q2
50 quarters
|
|
4
VanEck Semiconductor ETF
SMH
$71.7B
| $18M | 4.31% |
50,002
+8,743
| +21% | +$3.07M |
2023 Q4
8 quarters
|
|
5
SPDR Gold Trust
GLD
$141B
| $17.3M | 4.15% |
43,729
-643
| -1% | -$246K |
2013 Q2
50 quarters
|
|
|
6
Eli Lilly
LLY
$1.04T
| $15.3M | 3.66% |
14,223
+9,004
| +173% | +$8.61M |
2022 Q1
15 quarters
|
|
7
Apple
AAPL
$4.98T
| $14.8M | 3.54% |
54,379
-47
| -0.1% | -$12.6K |
2013 Q2
50 quarters
|
|
8
Amazon
AMZN
$2.79T
| $12.9M | 3.09% |
56,030
-5,803
| -9% | -$1.33M |
2016 Q1
39 quarters
|
|
9
Cisco
CSCO
$454B
| $12.4M | 2.96% |
160,795
+2
| +0% | +$148 |
2021 Q3
17 quarters
|
|
10
iShares Latin America 40 ETF
ILF
$4.13B
| $9.92M | 2.37% |
325,858
+865
| +0.3% | +$25.8K |
2025 Q2
2 quarters
|
|
|
11
VanEck Emerging Markets Bond ETF
EMBX
$263M
| $9.64M | 2.31% |
+190,349
| New | +$9.59M |
2025 Q4
0 quarters
|
|
|
12
Amgen
AMGN
$223B
| $9.46M | 2.26% |
+28,909
| New | +$9.17M |
2025 Q4
0 quarters
|
|
|
13
Invesco CurrencyShares Swiss Franc Trust
FXF
$370M
| $9.35M | 2.24% |
83,796
+68,305
| +441% | +$7.56M |
2025 Q2
2 quarters
|
|
14
Microsoft
MSFT
$4.04T
| $9.28M | 2.22% |
19,186
+131
| +0.7% | +$65.6K |
2016 Q3
37 quarters
|
|
15
State Street Utilities Select Sector SPDR ETF
XLU
$24.3B
| $8.03M | 1.92% |
187,998
+2,758
| +1% | +$122K |
2024 Q2
6 quarters
|
|
16
Global X Uranium ETF
URA
$5.28B
| $7.91M | 1.89% |
185,119
-1,025
| -0.6% | -$49.6K |
2025 Q2
2 quarters
|
|
17
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
| $7.54M | 1.8% |
112,119
+13,298
| +13% | +$892K |
2025 Q1
3 quarters
|
|
18
TCW Transform Systems ETF
PWRD
$1.48B
| $6.9M | 1.65% |
71,735
+1,612
| +2% | +$158K |
2023 Q4
8 quarters
|
|
19
VanEck Rare Earth/Strategic Metals ETF
REMX
$1.65B
| $6.86M | 1.64% |
92,834
+3,025
| +3% | +$217K |
2025 Q3
1 quarter
|
|
|
20
iShares MSCI Germany ETF
EWG
$1.43B
| $5.61M | 1.34% |
+131,912
| New | +$5.46M |
2025 Q4
0 quarters
|
|
21
iShares Silver Trust
SLV
$28.8B
| $5.55M | 1.33% |
86,141
+39,398
| +84% | +$1.97M |
2024 Q3
5 quarters
|
|
22
Goldman Sachs Access Ultra Short Bond ETF
GSST
$1.66B
| $5.27M | 1.26% |
104,321
-79,718
| -43% | -$4.03M |
2024 Q2
6 quarters
|
|
23
VanEck Morningstar Wide Moat ETF
MOAT
$11.6B
| $5.01M | 1.2% |
48,374
+11,114
| +30% | +$1.14M |
2023 Q1
11 quarters
|
|
24
VanEck Bitcoin Trust
HODL
$1.39B
| $4.52M | 1.08% |
182,839
-65,892
| -26% | -$1.87M |
2024 Q4
4 quarters
|
|
25
iShares MSCI Emerging Markets ETF
EEM
$30.5B
| $4.46M | 1.07% |
+81,554
| New | +$4.44M |
2025 Q4
0 quarters
|
|
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Avalon Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Avalon Capital Management held 152 positions worth $418M, up 2.4% from $408M the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Avalon Capital Management withdrew a net $17.9M in Q4 2025, closing 13 positions and reducing 38 holdings. Its most notable exit was iShares Expanded Tech-Software Sector ETF, an estimated $9.83M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 56% of assets, down from 62% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Avalon Capital Management opened a new position in VanEck Emerging Markets Bond ETF worth $9.64M.
- Avalon Capital Management's largest Q4 2025 buy was VanEck Emerging Markets Bond ETF: 190,349 shares worth $9.64M.
- Avalon Capital Management added most to Eli Lilly in Q4 2025, an estimated $8.61M increase.
- Avalon Capital Management's biggest Q4 2025 reduction was State Street SPDR Bloomberg Short Term International Treasury Bond ETF, cutting an estimated $21.6M.
- Avalon Capital Management fully exited iShares Expanded Tech-Software Sector ETF in Q4 2025, selling an estimated $9.83M.
- Avalon Capital Management's ten largest holdings make up 47% of its $418M portfolio in Q4 2025.
- Avalon Capital Management opened 19 new positions and closed 13 in Q4 2025.
- Avalon Capital Management's portfolio value rose 2.4% quarter-over-quarter to $418M.
Based on Avalon Capital Management's 13F filing for Q4 2025, filed 11 Feb 2026.