Filed: 2/11/2026ACC: 0001172661-26-000599
📋 What this filing means
AVALON CAPITAL MANAGEMENT filed this quarterly 13F‑HR report disclosing 139 equity positions with a total reported market value of $418.01M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
139
Positions
$418.01M
Total AUM (reported)
4.50M
Total Shares
Allocation by class
COM$102.76M24.6%
CAP STK CL A$43.41M10.4%
GOLD MINERS ETF$30.56M7.3%
CAP STK CL C$23.00M5.5%
SEMICONDUCTR ETF$18.01M4.3%
GOLD SHS$17.33M4.1%
LATN AMER 40 ETF$9.92M2.4%
Portfolio Concentration
Top 3$96.96M23.2%
4–10$100.65M24.1%
11–25$105.38M25.2%
Rest$115.02M27.5%
Top 3 weight
23.2%
Top 10 weight
47.3%
Voting Authority Distribution
Total shares with voting rights: 4.50M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
4.50M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole139
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings139
Rows:
ALPHABET INC
SOLEShares138.68K
TypeSH
Market value$43.41M
10.38%
Sole
0.00
Shared
0.00
None
138.68K
VANECK ETF TRUST
SOLEShares356.31K
TypeSH
Market value$30.56M
7.31%
Sole
0.00
Shared
0.00
None
356.31K
ALPHABET INC
SOLEShares73.28K
TypeSH
Market value$23.00M
5.50%
Sole
0.00
Shared
0.00
None
73.28K
VANECK ETF TRUST
SOLEShares50K
TypeSH
Market value$18.01M
4.31%
Sole
0.00
Shared
0.00
None
50K
SPDR GOLD TR
SOLEShares43.73K
TypeSH
Market value$17.33M
4.15%
Sole
0.00
Shared
0.00
None
43.73K
ELI LILLY & CO
SOLEShares14.22K
TypeSH
Market value$15.29M
3.66%
Sole
0.00
Shared
0.00
None
14.22K
APPLE INC
SOLEShares54.38K
TypeSH
Market value$14.78M
3.54%
Sole
0.00
Shared
0.00
None
54.38K
AMAZON COM INC
SOLEShares56.03K
TypeSH
Market value$12.93M
3.09%
Sole
0.00
Shared
0.00
None
56.03K
CISCO SYS INC
SOLEShares160.79K
TypeSH
Market value$12.39M
2.96%
Sole
0.00
Shared
0.00
None
160.79K
ISHARES TR
SOLEShares325.86K
TypeSH
Market value$9.92M
2.37%
Sole
0.00
Shared
0.00
None
325.86K
VANECK FDS
SOLEShares190.35K
TypeSH
Market value$9.64M
2.31%
Sole
0.00
Shared
0.00
None
190.35K
AMGEN INC
SOLEShares28.91K
TypeSH
Market value$9.46M
2.26%
Sole
0.00
Shared
0.00
None
28.91K
INVESCO CURRENCYSHARES SWISS
SOLEShares83.80K
TypeSH
Market value$9.35M
2.24%
Sole
0.00
Shared
0.00
None
83.80K
MICROSOFT CORP
SOLEShares19.19K
TypeSH
Market value$9.28M
2.22%
Sole
0.00
Shared
0.00
None
19.19K
SELECT SECTOR SPDR TR
SOLEShares188K
TypeSH
Market value$8.03M
1.92%
Sole
0.00
Shared
0.00
None
188K
GLOBAL X FDS
SOLEShares185.12K
TypeSH
Market value$7.91M
1.89%
Sole
0.00
Shared
0.00
None
185.12K
ISHARES INC
SOLEShares112.12K
TypeSH
Market value$7.54M
1.80%
Sole
0.00
Shared
0.00
None
112.12K
TCW ETF TRUST
SOLEShares71.73K
TypeSH
Market value$6.90M
1.65%
Sole
0.00
Shared
0.00
None
71.73K
VANECK ETF TRUST
SOLEShares92.83K
TypeSH
Market value$6.86M
1.64%
Sole
0.00
Shared
0.00
None
92.83K
ISHARES INC
SOLEShares131.91K
TypeSH
Market value$5.61M
1.34%
Sole
0.00
Shared
0.00
None
131.91K
ISHARES SILVER TR
SOLEShares86.14K
TypeSH
Market value$5.55M
1.33%
Sole
0.00
Shared
0.00
None
86.14K
GOLDMAN SACHS ETF TR
SOLEShares104.32K
TypeSH
Market value$5.27M
1.26%
Sole
0.00
Shared
0.00
None
104.32K
VANECK ETF TRUST
SOLEShares48.37K
TypeSH
Market value$5.01M
1.20%
Sole
0.00
Shared
0.00
None
48.37K
VANECK BITCOIN ETF
SOLEShares182.84K
TypeSH
Market value$4.52M
1.08%
Sole
0.00
Shared
0.00
None
182.84K
ISHARES TR
SOLEShares81.55K
TypeSH
Market value$4.46M
1.07%
Sole
0.00
Shared
0.00
None
81.55K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ALPHABET INCSOLE | CAP STK CL A | 138.68K | SH | $43.41M 10.38% | 0.00 | 0.00 | 138.68K |
VANECK ETF TRUSTSOLE | GOLD MINERS ETF | 356.31K | SH | $30.56M 7.31% | 0.00 | 0.00 | 356.31K |
ALPHABET INCSOLE | CAP STK CL C | 73.28K | SH | $23.00M 5.50% | 0.00 | 0.00 | 73.28K |
VANECK ETF TRUSTSOLE | SEMICONDUCTR ETF | 50K | SH | $18.01M 4.31% | 0.00 | 0.00 | 50K |
SPDR GOLD TRSOLE | GOLD SHS | 43.73K | SH | $17.33M 4.15% | 0.00 | 0.00 | 43.73K |
ELI LILLY & COSOLE | COM | 14.22K | SH | $15.29M 3.66% | 0.00 | 0.00 | 14.22K |
APPLE INCSOLE | COM | 54.38K | SH | $14.78M 3.54% | 0.00 | 0.00 | 54.38K |
AMAZON COM INCSOLE | COM | 56.03K | SH | $12.93M 3.09% | 0.00 | 0.00 | 56.03K |
CISCO SYS INCSOLE | COM | 160.79K | SH | $12.39M 2.96% | 0.00 | 0.00 | 160.79K |
ISHARES TRSOLE | LATN AMER 40 ETF | 325.86K | SH | $9.92M 2.37% | 0.00 | 0.00 | 325.86K |
VANECK FDSSOLE | EMERGING MARKETS | 190.35K | SH | $9.64M 2.31% | 0.00 | 0.00 | 190.35K |
AMGEN INCSOLE | COM | 28.91K | SH | $9.46M 2.26% | 0.00 | 0.00 | 28.91K |
INVESCO CURRENCYSHARES SWISSSOLE | SWISS FRANC | 83.80K | SH | $9.35M 2.24% | 0.00 | 0.00 | 83.80K |
MICROSOFT CORPSOLE | COM | 19.19K | SH | $9.28M 2.22% | 0.00 | 0.00 | 19.19K |
SELECT SECTOR SPDR TRSOLE | STATE STREET UTI | 188K | SH | $8.03M 1.92% | 0.00 | 0.00 | 188K |
GLOBAL X FDSSOLE | GLOBAL X URANIUM | 185.12K | SH | $7.91M 1.89% | 0.00 | 0.00 | 185.12K |
ISHARES INCSOLE | CORE MSCI EMKT | 112.12K | SH | $7.54M 1.80% | 0.00 | 0.00 | 112.12K |
TCW ETF TRUSTSOLE | TRANSFORM SYSTEM | 71.73K | SH | $6.90M 1.65% | 0.00 | 0.00 | 71.73K |
VANECK ETF TRUSTSOLE | RARE EARTH AND S | 92.83K | SH | $6.86M 1.64% | 0.00 | 0.00 | 92.83K |
ISHARES INCSOLE | MSCI GERMANY ETF | 131.91K | SH | $5.61M 1.34% | 0.00 | 0.00 | 131.91K |
ISHARES SILVER TRSOLE | ISHARES | 86.14K | SH | $5.55M 1.33% | 0.00 | 0.00 | 86.14K |
GOLDMAN SACHS ETF TRSOLE | ULTRA SHORT BOND | 104.32K | SH | $5.27M 1.26% | 0.00 | 0.00 | 104.32K |
VANECK ETF TRUSTSOLE | MRNGSTR WDE MOAT | 48.37K | SH | $5.01M 1.20% | 0.00 | 0.00 | 48.37K |
VANECK BITCOIN ETFSOLE | SH BEN INT | 182.84K | SH | $4.52M 1.08% | 0.00 | 0.00 | 182.84K |
ISHARES TRSOLE | MSCI EMG MKT ETF | 81.55K | SH | $4.46M 1.07% | 0.00 | 0.00 | 81.55K |
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