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Torno Capital Portfolio holdings

AUM $725M
1-Year Est. Return 62.71%
This Fund
S&P 500
This Quarter Est. Return
+10.65%
1 Year Est. Return
+62.71%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$547M
AUM Growth
+$160M
Cap. Flow
+$112M
Cap. Flow %
20.43%
Top 10 Hldgs %
80.04%
Holding
108
New
33
Increased
13
Reduced
13
Closed
48

Top Buys

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$46.6M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$13.1M
3
PEP icon
PepsiCo
PEP
+$4.04M
4
ELV icon
Elevance Health
ELV
+$4.02M
5
EWG icon
iShares MSCI Germany ETF
EWG
+$998K

Top Sells

Rank Stock Value
1
DLTR icon
Dollar Tree
DLTR
+$39.8M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$23.7M
3
BOXX icon
Alpha Architect 1-3 Month Box ETF
BOXX
+$8.59M
4
RH icon
RH
RH
+$2.34M
5
IBIT icon
iShares Bitcoin Trust
IBIT
+$1.26M

Sector Composition

Rank Sector Weight
1 Communication Services 12.56%
2 Consumer Staples 0.72%
3 Healthcare 0.71%
4 Consumer Discretionary 0.16%
5 Technology 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PEP icon
1
CALL
PepsiCo
PEP
$185B
$90.7M 16.57%
687,000
+681,000
+11,350% +$91.7M
GOOG icon
2
Alphabet (Google) Class C
GOOG
$4.29T
$68.7M 12.56%
387,500
+282,050
+267% +$46.6M
TQQQ icon
3
PUT
ProShares UltraPro QQQ
TQQQ
$32.9B
$53.2M 9.73%
1,283,000
+23,200
+2% +$734K
GOOGL icon
4
PUT
Alphabet (Google) Class A
GOOGL
$4.3T
$51.1M 9.34%
+290,000
New +$47.5M
ELV icon
5
PUT
Elevance Health
ELV
$82.9B
$36.5M 6.67%
+93,900
New +$37.8M
XLE icon
6
PUT
State Street Energy Select Sector SPDR ETF
XLE
$38.4B
$33.1M 6.04%
+780,000
New +$32.5M
ELV icon
7
CALL
Elevance Health
ELV
$82.9B
$30.3M 5.54%
+78,000
New +$31.4M
SOXL icon
8
PUT
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$18.7B
$29.3M 5.36%
1,168,100
-671,100
-36% -$10.8M
TSLA icon
9
CALL
Tesla
TSLA
$1.39T
$28.2M 5.16%
+88,900
New +$26.8M
SNOW icon
10
CALL
Snowflake
SNOW
$95.1B
$16.8M 3.07%
75,000
+52,900
+239% +$9.56M
SPY icon
11
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$14.2M 2.6%
+23,000
New +$13.1M
SPOT icon
12
CALL
Spotify
SPOT
$101B
$14M 2.57%
+18,300
New +$11.7M
ISRG icon
13
CALL
Intuitive Surgical
ISRG
$125B
$10.3M 1.89%
+19,000
New +$9.93M
SOXX icon
14
CALL
iShares Semiconductor ETF
SOXX
$43.9B
$4.77M 0.87%
+20,000
New +$4.01M
JPM icon
15
CALL
JPMorgan Chase
JPM
$901B
$4.52M 0.83%
15,600
+2,400
+18% +$612K
STNG icon
16
CALL
Scorpio Tankers
STNG
$3.88B
$4.3M 0.79%
110,000
-62,800
-36% -$2.45M
PEP icon
17
PepsiCo
PEP
$185B
$3.96M 0.72%
+30,000
New +$4.04M
ELV icon
18
Elevance Health
ELV
$82.9B
$3.89M 0.71%
+10,000
New +$4.02M
VNQ icon
19
PUT
Vanguard Real Estate ETF
VNQ
$39.4B
$3.56M 0.65%
+40,000
New +$3.53M
WBA
20
CALL
DELISTED
Walgreens Boots Alliance
WBA
$3.21M 0.59%
280,000
+20,000
+8% +$223K
EWG icon
21
CALL
iShares MSCI Germany ETF
EWG
$1.5B
$2.87M 0.52%
+67,900
New +$2.71M
CCL icon
22
PUT
Carnival Corporation Ltd
CCL
$35.7B
$2.25M 0.41%
+80,000
New +$1.71M
BOXX icon
23
Alpha Architect 1-3 Month Box ETF
BOXX
$12.9B
$1.95M 0.36%
17,350
-76,650
-82% -$8.59M
MS icon
24
CALL
Morgan Stanley
MS
$332B
$1.87M 0.34%
13,300
+1,500
+13% +$184K
IREN icon
25
PUT
Iris Energy
IREN
$14.4B
$1.82M 0.33%
125,000
-6,000
-5% -$48.7K
1
2 3 4 5

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Torno Capital's Q2 2025 Portfolio in Review

As of Q2 2025, Torno Capital held 108 positions worth $547M, up 41% from $387M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Torno Capital deployed $112M of net new capital in Q2 2025, opening 33 new positions and adding to 13 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 23,000 shares worth $14.2M.

By sector, the portfolio is most concentrated in Communication Services at 13% of assets, up from 10% a quarter earlier, followed by Consumer Staples and Healthcare.

On the sell side, the largest reduction was Alpha Architect 1-3 Month Box ETF, an estimated $8.59M trimmed.

  • Torno Capital's largest Q2 2025 buy was State Street SPDR S&P 500 ETF Trust: 23,000 shares worth $14.2M.
  • Torno Capital added most to Alphabet (Google) Class C in Q2 2025, an estimated $46.6M increase.
  • Torno Capital's biggest Q2 2025 reduction was Alpha Architect 1-3 Month Box ETF, cutting an estimated $8.59M.
  • Torno Capital fully exited Dollar Tree in Q2 2025, selling an estimated $39.8M.
  • Torno Capital's ten largest holdings make up 80% of its $547M portfolio in Q2 2025.
  • Torno Capital opened 33 new positions and closed 48 in Q2 2025.
  • Torno Capital's portfolio value rose 41% quarter-over-quarter to $547M.

Based on Torno Capital's 13F filing for Q2 2025, filed 14 Aug 2025.