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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
+35.7%
1 Year Est. Return
+62.71%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.21B
AUM Growth
+$665M
Cap. Flow
+$471M
Cap. Flow %
38.86%
Top 10 Hldgs %
77.47%
Holding
112
New
52
Increased
13
Reduced
8
Closed
34

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$75.4M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$22.6M
3
UNH icon
UnitedHealth
UNH
+$15.1M
4
NVDL icon
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
+$2.1M
5
PSKY
Paramount Skydance Corp
PSKY
+$2.02M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$14.2M
2
PEP icon
PepsiCo
PEP
+$3.96M
3
ELV icon
Elevance Health
ELV
+$3.89M
4
BOXX icon
Alpha Architect 1-3 Month Box ETF
BOXX
+$1.32M
5
IBIT icon
iShares Bitcoin Trust
IBIT
+$1.3M

Sector Composition

Rank Sector Weight
1 Communication Services 17.36%
2 Healthcare 1.49%
3 Consumer Discretionary 0.12%
4 Financials 0.12%
5 Technology 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNH icon
1
CALL
UnitedHealth
UNH
$383B
$205M 16.95%
+595,100
New +$180M
GOOGL icon
2
PUT
Alphabet (Google) Class A
GOOGL
$4.3T
$146M 12.03%
600,000
+310,000
+107% +$64.9M
GOOG icon
3
Alphabet (Google) Class C
GOOG
$4.29T
$121M 9.94%
495,000
+107,500
+28% +$22.6M
UNH icon
4
PUT
UnitedHealth
UNH
$383B
$87.7M 7.24%
+254,100
New +$76.8M
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$4.3T
$87.5M 7.22%
+360,000
New +$75.4M
SOXL icon
6
PUT
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$18.7B
$67M 5.53%
1,923,000
+754,900
+65% +$21M
CAT icon
7
CALL
Caterpillar
CAT
$398B
$65.5M 5.4%
+137,200
New +$58.6M
TSLA icon
8
CALL
Tesla
TSLA
$1.39T
$65.4M 5.39%
147,000
+58,100
+65% +$20.2M
GOOG icon
9
PUT
Alphabet (Google) Class C
GOOG
$4.29T
$60.9M 5.02%
+250,000
New +$52.5M
BMI icon
10
CALL
Badger Meter
BMI
$4.33B
$33.5M 2.76%
+187,500
New +$36.9M
WDC icon
11
PUT
Western Digital
WDC
$168B
$29.9M 2.46%
+248,800
New +$20.3M
LITE icon
12
CALL
Lumentum
LITE
$59.6B
$26.2M 2.16%
+161,000
New +$20.1M
TQQQ icon
13
PUT
ProShares UltraPro QQQ
TQQQ
$32.9B
$19.1M 1.57%
369,000
-914,000
-71% -$41.7M
UNH icon
14
UnitedHealth
UNH
$383B
$17.3M 1.42%
+50,000
New +$15.1M
AIV
15
CALL
Aimco
AIV
$384M
$15.9M 1.31%
+2,000,000
New +$16.2M
GOOG icon
16
CALL
Alphabet (Google) Class C
GOOG
$4.29T
$14.3M 1.18%
+58,900
New +$12.4M
NVDL icon
17
PUT
GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF
NVDL
$3.58B
$14M 1.16%
+450,000
New +$12.6M
EWG icon
18
CALL
iShares MSCI Germany ETF
EWG
$1.5B
$13.9M 1.15%
335,000
+267,100
+393% +$11.2M
BMI icon
19
PUT
Badger Meter
BMI
$4.33B
$13.8M 1.13%
+77,000
New +$15.1M
MSTR icon
20
PUT
Strategy Inc
MSTR
$35.5B
$9.67M 0.8%
+30,000
New +$11.1M
CRDO icon
21
PUT
Credo Technology Group
CRDO
$39.5B
$9.1M 0.75%
+62,500
New +$7.65M
SNDK
22
CALL
Sandisk
SNDK
$206B
$8.98M 0.74%
+80,000
New +$4.67M
IBIT icon
23
CALL
iShares Bitcoin Trust
IBIT
$47.9B
$8.97M 0.74%
+138,000
New +$8.98M
CSCO icon
24
PUT
Cisco
CSCO
$436B
$7.7M 0.63%
+112,500
New +$7.67M
STNG icon
25
CALL
Scorpio Tankers
STNG
$3.88B
$6.17M 0.51%
110,000
– –
1
2 3 4 5

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Torno Capital's Q3 2025 Portfolio in Review

As of Q3 2025, Torno Capital held 112 positions worth $1.21B, up 122% from $547M the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Torno Capital deployed $471M of net new capital in Q3 2025, opening 52 new positions and adding to 13 existing holdings. Its largest new stake was Alphabet (Google) Class A: 360,000 shares worth $87.5M.

By sector, the portfolio is most concentrated in Communication Services at 17% of assets, up from 13% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was Alpha Architect 1-3 Month Box ETF, an estimated $1.32M trimmed.

  • Torno Capital's largest Q3 2025 buy was Alphabet (Google) Class A: 360,000 shares worth $87.5M.
  • Torno Capital added most to Alphabet (Google) Class C in Q3 2025, an estimated $22.6M increase.
  • Torno Capital's biggest Q3 2025 reduction was Alpha Architect 1-3 Month Box ETF, cutting an estimated $1.32M.
  • Torno Capital fully exited State Street SPDR S&P 500 ETF Trust in Q3 2025, selling an estimated $14.2M.
  • Torno Capital's ten largest holdings make up 77% of its $1.21B portfolio in Q3 2025.
  • Torno Capital opened 52 new positions and closed 34 in Q3 2025.
  • Torno Capital's portfolio value rose 122% quarter-over-quarter to $1.21B.

Based on Torno Capital's 13F filing for Q3 2025, filed 14 Nov 2025.