Act Two Investors LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Act Two Investors LLC reported 48 stock positions worth $497.9 million. Its top holding was Microsoft (MSFT) at 12.8% of the portfolio, followed by Alphabet Class C (GOOG, 9.4%) and NXP Semiconductors (NXPI, 7.4%). Compared with Q4 2023, it opened 5 new positions, sold out of 4, added to 22 and reduced 13. The biggest buy was a new position in Astrazeneca PLC-Spons ADR (AZN) and the biggest sale an exit from Sysco (SYY).
- Most Recent 13F
- Q2 2026
- Location
- SANTA CRUZ, CA
- CIK
- 0001766907
- Portfolio Value
- $497.9M (Q1 2024)
- SEC Filing
- 0001214659-24-008665 ↗ filed May 9, 2024
Holdings Value
Holdings 48 stocks · $497.9M
| MSFT Microsoft Corp. | 12.79% | 151,410 | $63.7M | Add +0.3% |
| GOOG Alphabet Inc. Class C | 9.44% | 308,753 | $47.0M | Add +0.8% |
| NXPI NXP Semiconductors NV | 7.35% | 147,702 | $36.6M | Reduce -2.3% |
| AMZN Amazon.com Inc. | 7.07% | 195,203 | $35.2M | Add +1.7% |
| TMUS T-Mobile US Inc. | 6.89% | 210,160 | $34.3M | Add +1.8% |
| UNH Unitedhealth Group Inc. | 6.09% | 61,278 | $30.3M | Add +7.9% |
| V Visa Inc. Class A | 5.61% | 100,002 | $27.9M | Add +2.0% |
| NOC Northrop Grumman Corp. | 4.97% | 51,656 | $24.7M | Add +0.9% |
| VGLT Vanguard Long-Term Treasury | 4.82% | 405,016 | $24.0M | Add +4.5% |
| AZN Astrazeneca PLC-Spons ADR | 4.13% | 303,457 | $20.6M | New |
| SCHW Schwab (charles) Corp. | 3.86% | 265,662 | $19.2M | Add +0.8% |
| GPC Genuine Parts Co. | 3.73% | 119,712 | $18.5M | New |
| AAPL Apple Inc. | 3.22% | 93,565 | $16.0M | Reduce -3.6% |
| IEF iShares 7-10 Year Treasury B | 3.13% | 164,711 | $15.6M | Add +4.2% |
| BND Vanguard Total Bond Market | 3.09% | 211,885 | $15.4M | Add +1.5% |
| ENB Enbridge Inc. | 1.67% | 230,013 | $8.3M | Add +3.6% |
| BX Blackstone Inc. | 1.35% | 51,196 | $6.7M | Reduce -0.3% |
| SYK Stryker Corp. | 1.27% | 17,600 | $6.3M | Reduce -0.5% |
| SCHO Schwab Short-Term US Treas | 1.19% | 122,781 | $5.9M | Add +3.0% |
| JPM JPMorgan Chase & Co. | 1.14% | 28,332 | $5.7M | No change |
| CNI Canadian Natl Railway Co. | 0.87% | 33,020 | $4.3M | No change |
| MCK McKesson Corp. | 0.87% | 8,073 | $4.3M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.78% | 6,710 | $3.9M | Reduce -12.3% |
| CP Canadian Pacific Kansas City | 0.71% | 39,837 | $3.5M | Reduce -5.1% |
| GOOGL Alphabet Inc. Class A | 0.57% | 18,934 | $2.9M | Add +5.8% |
| MCD McDonald's Corp. | 0.38% | 6,720 | $1.9M | Add +1.5% |
| META Meta Platforms Inc. Class A | 0.35% | 3,640 | $1.8M | Reduce -6.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.32% | 3,779 | $1.6M | Add +6.2% |
| SLM SLM Corp. | 0.25% | 58,014 | $1.3M | No change |
| SBUX Starbucks Corp. | 0.22% | 12,155 | $1.1M | New |
| PRU Prudential Financial Inc. | 0.20% | 8,269 | $971K | No change |
| XLC SS Comm Select Sector SPDR | 0.18% | 11,210 | $915K | Reduce -18.4% |
| ORCL Oracle Corp. | 0.16% | 6,244 | $784K | Add +21.2% |
| XLF SS Financial Select Sector | 0.15% | 17,817 | $750K | Reduce -25.2% |
| AON Aon PLC Class A | 0.13% | 1,929 | $644K | Add +19.1% |
| XLK SS Technology Select Sector | 0.11% | 2,688 | $560K | Reduce -7.3% |
| JNJ Johnson & Johnson | 0.11% | 3,506 | $555K | Reduce -70.3% |
| BKNG Booking Holdings Inc. | 0.11% | 151 | $548K | Add +11.8% |
| GEHC GE Healthcare Technology | 0.09% | 5,001 | $455K | Reduce -91.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.09% | 3,180 | $433K | No change |
| EWBC East West Bancorp Inc. | 0.08% | 5,270 | $417K | No change |
| DG Dollar General Corp. | 0.08% | 2,483 | $387K | Add +17.5% |
| MSI Motorola Solutions Inc. | 0.08% | 1,090 | $387K | Add +24.7% |
| AXP American Express Co. | 0.08% | 1,645 | $375K | No change |
| NVDA Nvidia Corp. | 0.06% | 331 | $299K | New |
| WTW Willis Towers Watson PLC | 0.06% | 1,029 | $283K | Add +14.8% |
| XLY SS Consumer Disc Select Sect | 0.05% | 1,369 | $252K | Reduce -31.4% |
| XLP SS Consumer Staples Sel Sect | 0.05% | 3,228 | $246K | New |
Portfolio Sells Q4 2023 → Q1 2024
| SYY Sysco Corp. | Sold out | 0.00% | −3.88 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −2.03 |
| GEHC GE Healthcare Technology | Reduce -91.5% | 0.09% | −0.89 |
| AAPL Apple Inc. | Reduce -3.6% | 3.22% | −0.82 |
| JNJ Johnson & Johnson | Reduce -70.3% | 0.11% | −0.29 |
| NXPI NXP Semiconductors NV | Reduce -2.3% | 7.35% | −0.15 |
| BX Blackstone Inc. | Reduce -0.3% | 1.35% | −0.10 |
| TMO Thermo Fisher Scientific Inc. | Reduce -12.3% | 0.78% | −0.09 |
| XLB SS Materials Select Sector | Sold out | 0.00% | −0.08 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.06 |
| XLF SS Financial Select Sector | Reduce -25.2% | 0.15% | −0.04 |
| XLC SS Comm Select Sector SPDR | Reduce -18.4% | 0.18% | −0.03 |
| XLY SS Consumer Disc Select Sect | Reduce -31.4% | 0.05% | −0.03 |
| CP Canadian Pacific Kansas City | Reduce -5.1% | 0.71% | −0.01 |
| XLK SS Technology Select Sector | Reduce -7.3% | 0.11% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -6.4% | 0.35% | +0.06 |
| SYK Stryker Corp. | Reduce -0.5% | 1.27% | +0.12 |
Portfolio Buys Q4 2023 → Q1 2024
| AZN Astrazeneca PLC-Spons ADR | New | 4.13% | +4.13 |
| GPC Genuine Parts Co. | New | 3.73% | +3.73 |
| AMZN Amazon.com Inc. | Add +1.7% | 7.07% | +0.77 |
| MSFT Microsoft Corp. | Add +0.3% | 12.79% | +0.53 |
| SBUX Starbucks Corp. | New | 0.22% | +0.22 |
| GOOG Alphabet Inc. Class C | Add +0.8% | 9.44% | +0.12 |
| V Visa Inc. Class A | Add +2.0% | 5.61% | +0.09 |
| NVDA Nvidia Corp. | New | 0.06% | +0.06 |
| XLP SS Consumer Staples Sel Sect | New | 0.05% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +6.2% | 0.32% | +0.05 |
| ORCL Oracle Corp. | Add +21.2% | 0.16% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +5.8% | 0.57% | +0.03 |
| AON Aon PLC Class A | Add +19.1% | 0.13% | +0.03 |
| MSI Motorola Solutions Inc. | Add +24.7% | 0.08% | +0.02 |
| DG Dollar General Corp. | Add +17.5% | 0.08% | +0.02 |
| WTW Willis Towers Watson PLC | Add +14.8% | 0.06% | +0.01 |
| BKNG Booking Holdings Inc. | Add +11.8% | 0.11% | +0.01 |
| MCD McDonald's Corp. | Add +1.5% | 0.38% | −0.04 |
| ENB Enbridge Inc. | Add +3.6% | 1.67% | −0.06 |
| SCHW Schwab (charles) Corp. | Add +0.8% | 3.86% | −0.06 |
| SCHO Schwab Short-Term US Treas | Add +3.0% | 1.19% | −0.06 |
| IEF iShares 7-10 Year Treasury B | Add +4.2% | 3.13% | −0.16 |
| NOC Northrop Grumman Corp. | Add +0.9% | 4.97% | −0.21 |
| BND Vanguard Total Bond Market | Add +1.5% | 3.09% | −0.23 |
| TMUS T-Mobile US Inc. | Add +1.8% | 6.89% | −0.26 |
| VGLT Vanguard Long-Term Treasury | Add +4.5% | 4.82% | −0.33 |
| UNH Unitedhealth Group Inc. | Add +7.9% | 6.09% | −0.37 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 37 | $494.7M | GOOG, MSFT, AMZN, V, IQV |
| Q1 2026 | 36 | $453.2M | GOOG, MSFT, AMZN, TMUS, V |
| Q4 2025 | 38 | $555.9M | GOOG, MSFT, AMZN, IQV, V |
| Q3 2025 | 39 | $564.2M | MSFT, GOOG, AMZN, TMUS, V |
| Q2 2025 | 37 | $489.9M | MSFT, GOOG, AMZN, V, TMUS |
| Q1 2025 | 41 | $471.8M | MSFT, TMUS, GOOG, V, AMZN |
| Q4 2024 | 46 | $513.5M | MSFT, GOOG, AMZN, TMUS, V |
| Q3 2024 | 45 | $530.1M | MSFT, GOOG, TMUS, UNH, AMZN |
| Q2 2024 | 49 | $505.2M | MSFT, GOOG, AMZN, NXPI, TMUS |
| Q1 2024 | 48 | $497.9M | MSFT, GOOG, NXPI, AMZN, TMUS |