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TSM
Two Star Manager Portfolio holdings
AUM
$247M
Turnover
8.33%
1-Year Est. Return
10.04%
This Fund
S&P 500
This Quarter Est. Return
+14.28%
1 Year Est. Return
-10.04%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$226M
AUM Growth
+$18.9M
(+9.1%)
Cap. Flow
-$8.6M
Cap. Flow % of AUM
Cap. Flow %
-3.8%
Top 10 Holdings %
Top 10 Hldgs %
81.51%
Holding
16
New
1
Increased
8
Reduced
2
Closed
2
Avg Time Held
1
year
Top 10 Avg Time Held
0.8
years
Top 20 Avg Time Held
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bio-Techne
TECH
|
+$7.35M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$5.87M |
| 3 |
Okta
OKTA
|
+$2.64M |
| 4 |
Procore
PCOR
|
+$2.26M |
| 5 |
Meta Platforms (Facebook)
META
|
+$1.36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VeriSign
VRSN
|
+$11.3M |
| 2 |
Thermo Fisher Scientific
TMO
|
+$10.8M |
| 3 |
ServiceNow
NOW
|
+$7.56M |
| 4 |
Uber
UBER
|
+$1.89M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.42% |
| 2 | Consumer Discretionary | 28.3% |
| 3 | Financials | 10.62% |
| 4 | Communication Services | 10.25% |
| 5 | Healthcare | 6.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.75T
| $38.6M | 17.03% |
175,758
+5,554
| +3% | +$1.1M |
2023 Q4
6 quarters
|
|
2
Mastercard
MA
$535B
| $24.1M | 10.62% |
42,806
| – | – |
2023 Q4
6 quarters
|
|
|
3
Meta Platforms (Facebook)
META
$1.59T
| $23.2M | 10.25% |
31,451
+2,199
| +8% | +$1.36M |
2023 Q4
6 quarters
|
|
4
Microsoft
MSFT
$3.94T
| $17.7M | 7.81% |
35,543
| – | – |
2023 Q4
6 quarters
|
|
|
5
Bio-Techne
TECH
$11.4B
| $15M | 6.61% |
290,956
+146,226
| +101% | +$7.35M |
2025 Q1
1 quarter
|
|
6
Chewy
CHWY
$8.3B
| $13.9M | 6.13% |
325,987
| – | – |
2023 Q4
6 quarters
|
|
|
7
Okta
OKTA
$38.9B
| $13.8M | 6.07% |
137,572
+24,712
| +22% | +$2.64M |
2024 Q4
2 quarters
|
|
|
8
Uber
UBER
$133B
| $13.3M | 5.85% |
142,060
-22,992
| -14% | -$1.89M |
2025 Q1
1 quarter
|
|
|
9
Procore
PCOR
$9.43B
| $13.2M | 5.82% |
192,499
+34,649
| +22% | +$2.26M |
2024 Q3
3 quarters
|
|
10
PTC
PTC
$21.2B
| $12.1M | 5.32% |
69,934
+2,965
| +4% | +$478K |
2024 Q3
3 quarters
|
|
11
Workday
WDAY
$49.3B
| $12M | 5.3% |
49,974
+4,775
| +11% | +$1.16M |
2024 Q2
4 quarters
|
|
|
12
ServiceNow
NOW
$155B
| $11.9M | 5.26% |
57,910
-40,070
| -41% | -$7.56M |
2023 Q4
6 quarters
|
|
13
DELISTED
ACV Auctions
ACVA
| $11.6M | 5.13% |
716,972
+46,666
| +7% | +$726K |
2024 Q2
4 quarters
|
|
|
14
State Street SPDR S&P 500 ETF Trust
SPY
$820B
| $6.35M | 2.8% |
+10,274
| New | +$5.87M |
2025 Q2
0 quarters
|
|
|
15
Thermo Fisher Scientific
TMO
$260B
| – | – |
-21,698
| Closed | -$10.8M | – |
|
|
16
VeriSign
VRSN
$27.5B
| – | – |
-44,514
| Closed | -$11.3M | – |
|
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ASBI
Two Star Manager's Q2 2025 Portfolio in Review
As of Q2 2025, Two Star Manager held 16 positions worth $226M, up 9.1% from $208M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Two Star Manager withdrew a net $8.6M in Q2 2025, closing 2 positions and reducing 2 holdings. Its most notable exit was VeriSign, an estimated $11.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, down from 46% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Two Star Manager opened a new position in State Street SPDR S&P 500 ETF Trust worth $6.35M.
- Two Star Manager's largest Q2 2025 buy was State Street SPDR S&P 500 ETF Trust: 10,274 shares worth $6.35M.
- Two Star Manager added most to Bio-Techne in Q2 2025, an estimated $7.35M increase.
- Two Star Manager's biggest Q2 2025 reduction was ServiceNow, cutting an estimated $7.56M.
- Two Star Manager fully exited VeriSign in Q2 2025, selling an estimated $11.3M.
- Two Star Manager's ten largest holdings make up 82% of its $226M portfolio in Q2 2025.
- Two Star Manager opened 1 new position and closed 2 in Q2 2025.
- Two Star Manager's portfolio value rose 9.1% quarter-over-quarter to $226M.
Based on Two Star Manager's 13F filing for Q2 2025, filed 14 Aug 2025.