Act Two Investors LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Act Two Investors LLC reported 45 stock positions worth $530.1 million. Its top holding was Microsoft (MSFT) at 12.2% of the portfolio, followed by Alphabet Class C (GOOG, 8.9%) and T-Mobile US (TMUS, 8.2%). Compared with Q2 2024, it opened 3 new positions, sold out of 7, added to 10 and reduced 12. The biggest buy was a new position in SLB (SLB) and the biggest sale Alphabet Class C (GOOG, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- SANTA CRUZ, CA
- CIK
- 0001766907
- Portfolio Value
- $530.1M (Q3 2024)
- SEC Filing
- 0001214659-24-018667 ↗ filed Nov 12, 2024
Holdings Value
Holdings 45 stocks · $530.1M
| MSFT Microsoft Corp. | 12.24% | 150,843 | $64.9M | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 8.87% | 281,203 | $47.0M | Reduce -9.6% |
| TMUS T-Mobile US Inc. | 8.21% | 210,852 | $43.5M | Reduce -2.2% |
| UNH Unitedhealth Group Inc. | 7.13% | 64,676 | $37.8M | Reduce -1.6% |
| AMZN Amazon.com Inc. | 6.99% | 198,846 | $37.1M | Reduce -0.0% |
| NXPI NXP Semiconductors NV | 6.38% | 140,830 | $33.8M | Reduce -1.2% |
| V Visa Inc. Class A | 5.55% | 106,988 | $29.4M | Add +3.6% |
| NOC Northrop Grumman Corp. | 5.15% | 51,659 | $27.3M | Reduce -3.1% |
| AZN Astrazeneca PLC-Spons ADR | 4.72% | 320,839 | $25.0M | Add +0.3% |
| AAPL Apple Inc. | 4.14% | 94,125 | $21.9M | Reduce -0.2% |
| GPC Genuine Parts Co. | 4.05% | 153,654 | $21.5M | Add +8.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 3.98% | 502,840 | $21.1M | New |
| IEF iShares 7-10 Year Treasury B | 3.45% | 186,163 | $18.3M | Add +1.0% |
| BND Vanguard Total Bond Market | 3.27% | 230,519 | $17.3M | Add +1.4% |
| SCHR Schwab Intermediate-Term US | 1.68% | 176,065 | $8.9M | Add +6.7% |
| VGLT Vanguard Long-Term Treasury | 1.68% | 144,412 | $8.9M | Add +1.3% |
| BX Blackstone Inc. | 1.47% | 51,034 | $7.8M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 1.13% | 28,332 | $6.0M | No change |
| SYK Stryker Corp. | 1.06% | 15,624 | $5.6M | Reduce -8.1% |
| SYY Sysco Corp. | 0.92% | 62,178 | $4.9M | Add +68.4% |
| GEHC GE Healthcare Technology | 0.89% | 50,226 | $4.7M | No change |
| MCK McKesson Corp. | 0.84% | 9,017 | $4.5M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.78% | 6,710 | $4.2M | No change |
| CNI Canadian Natl Railway Co. | 0.73% | 33,020 | $3.9M | No change |
| GOOGL Alphabet Inc. Class A | 0.65% | 20,781 | $3.4M | Add +0.3% |
| CP Canadian Pacific Kansas City | 0.59% | 36,265 | $3.1M | Reduce -9.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.42% | 4,815 | $2.2M | No change |
| META Meta Platforms Inc. Class A | 0.39% | 3,640 | $2.1M | No change |
| MCD McDonald's Corp. | 0.39% | 6,720 | $2.0M | No change |
| FISV Fiserv Inc. | 0.30% | 8,894 | $1.6M | Add +395.5% |
| ORCL Oracle Corp. | 0.28% | 8,764 | $1.5M | No change |
| SLM SLM Corp. | 0.25% | 58,014 | $1.3M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.20% | 10,979 | $1.1M | New |
| PRU Prudential Financial Inc. | 0.19% | 8,269 | $1.0M | No change |
| VCIT Vanguard Int-Term Corporate | 0.17% | 10,773 | $902K | New |
| BKNG Booking Holdings Inc. | 0.15% | 189 | $796K | No change |
| AON Aon PLC Class A | 0.14% | 2,121 | $734K | No change |
| XLF SS Financial Select Sector | 0.11% | 12,743 | $578K | No change |
| AXP American Express Co. | 0.08% | 1,645 | $446K | No change |
| EWBC East West Bancorp Inc. | 0.08% | 5,270 | $436K | No change |
| NVDA Nvidia Corp. | 0.08% | 3,310 | $402K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 1,318 | $373K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.07% | 2,078 | $361K | Reduce -34.6% |
| WTW Willis Towers Watson PLC | 0.06% | 1,029 | $303K | No change |
| MKL Markel Group Inc. | 0.05% | 182 | $285K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| GOOG Alphabet Inc. Class C | Reduce -9.6% | 8.87% | −2.42 |
| NXPI NXP Semiconductors NV | Reduce -1.2% | 6.38% | −1.22 |
| MSFT Microsoft Corp. | Reduce -0.6% | 12.24% | −1.19 |
| ENB Enbridge Inc. | Sold out | 0.00% | −0.74 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.69 |
| AMZN Amazon.com Inc. | Reduce -0.0% | 6.99% | −0.62 |
| XLC SS Comm Select Sector SPDR | Sold out | 0.00% | −0.13 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.09 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.08 |
| SYK Stryker Corp. | Reduce -8.1% | 1.06% | −0.08 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.07 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.07 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -34.6% | 0.07% | −0.04 |
| CP Canadian Pacific Kansas City | Reduce -9.0% | 0.59% | −0.04 |
| AAPL Apple Inc. | Reduce -0.2% | 4.14% | +0.21 |
| BX Blackstone Inc. | Reduce -0.3% | 1.47% | +0.22 |
| UNH Unitedhealth Group Inc. | Reduce -1.6% | 7.13% | +0.51 |
| NOC Northrop Grumman Corp. | Reduce -3.1% | 5.15% | +0.54 |
| TMUS T-Mobile US Inc. | Reduce -2.2% | 8.21% | +0.69 |
Portfolio Buys Q2 2024 → Q3 2024
| SLB SLB Ltd. | New | 3.98% | +3.98 |
| SYY Sysco Corp. | Add +68.4% | 0.92% | +0.39 |
| FISV Fiserv Inc. | Add +395.5% | 0.30% | +0.25 |
| DIS The Walt Disney Co. | New | 0.20% | +0.20 |
| V Visa Inc. Class A | Add +3.6% | 5.55% | +0.18 |
| VCIT Vanguard Int-Term Corporate | New | 0.17% | +0.17 |
| GPC Genuine Parts Co. | Add +8.2% | 4.05% | +0.16 |
| SCHR Schwab Intermediate-Term US | Add +6.7% | 1.68% | +0.09 |
| VGLT Vanguard Long-Term Treasury | Add +1.3% | 1.68% | +0.05 |
| IEF iShares 7-10 Year Treasury B | Add +1.0% | 3.45% | +0.03 |
| BND Vanguard Total Bond Market | Add +1.4% | 3.27% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 0.65% | −0.10 |
| AZN Astrazeneca PLC-Spons ADR | Add +0.3% | 4.72% | −0.22 |
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 |