Act Two Investors LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Act Two Investors LLC reported 46 stock positions worth $513.5 million. Its top holding was Microsoft (MSFT) at 12.2% of the portfolio, followed by Alphabet Class C (GOOG, 10.3%) and Amazon.com (AMZN, 8.4%). Compared with Q3 2024, it opened 3 new positions, sold out of 2, added to 8 and reduced 16. The biggest buy was Sysco (SYY, shares +411%) and the biggest sale Unitedhealth (UNH, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- SANTA CRUZ, CA
- CIK
- 0001766907
- Portfolio Value
- $513.5M (Q4 2024)
- SEC Filing
- 0001214659-25-002538 ↗ filed Feb 13, 2025
Holdings Value
Holdings 46 stocks · $513.5M
| MSFT Microsoft Corp. | 12.21% | 148,689 | $62.7M | Reduce -1.4% |
| GOOG Alphabet Inc. Class C | 10.30% | 277,668 | $52.9M | Reduce -1.3% |
| AMZN Amazon.com Inc. | 8.36% | 195,752 | $42.9M | Reduce -1.6% |
| TMUS T-Mobile US Inc. | 7.96% | 185,237 | $40.9M | Reduce -12.2% |
| V Visa Inc. Class A | 6.51% | 105,726 | $33.4M | Reduce -1.2% |
| NXPI NXP Semiconductors NV | 5.34% | 131,830 | $27.4M | Reduce -6.4% |
| SYY Sysco Corp. | 4.74% | 317,993 | $24.3M | Add +411.4% |
| NOC Northrop Grumman Corp. | 4.66% | 51,021 | $23.9M | Reduce -1.2% |
| AAPL Apple Inc. | 4.56% | 93,529 | $23.4M | Reduce -0.6% |
| IEF iShares 7-10 Year Treasury B | 4.35% | 241,785 | $22.4M | Add +29.9% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 3.70% | 495,297 | $19.0M | Reduce -1.5% |
| UNH Unitedhealth Group Inc. | 3.48% | 35,357 | $17.9M | Reduce -45.3% |
| FISV Fiserv Inc. | 3.25% | 81,199 | $16.7M | Add +813.0% |
| CNI Canadian Natl Railway Co. | 2.37% | 119,719 | $12.2M | Add +262.6% |
| JNJ Johnson & Johnson | 2.05% | 72,656 | $10.5M | New |
| AZN Astrazeneca PLC-Spons ADR | 1.70% | 133,396 | $8.7M | Reduce -58.4% |
| SCHR Schwab Intermediate-Term US | 1.70% | 359,262 | $8.7M | Add +2.0% |
| BX Blackstone Inc. | 1.67% | 49,711 | $8.6M | Reduce -2.6% |
| JPM JPMorgan Chase & Co. | 1.32% | 28,332 | $6.8M | No change |
| SYK Stryker Corp. | 1.06% | 15,100 | $5.4M | Reduce -3.4% |
| MCK McKesson Corp. | 1.00% | 9,017 | $5.1M | No change |
| BND Vanguard Total Bond Market | 0.85% | 60,480 | $4.3M | Reduce -73.8% |
| SCHO Schwab Short-Term US Treas | 0.84% | 178,940 | $4.3M | New |
| GOOGL Alphabet Inc. Class A | 0.77% | 20,881 | $4.0M | Add +0.5% |
| TMO Thermo Fisher Scientific Inc. | 0.68% | 6,710 | $3.5M | No change |
| GPC Genuine Parts Co. | 0.53% | 23,094 | $2.7M | Reduce -85.0% |
| CP Canadian Pacific Kansas City | 0.51% | 36,265 | $2.6M | No change |
| SLM SLM Corp. | 0.43% | 79,160 | $2.2M | Add +36.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.43% | 4,815 | $2.2M | No change |
| META Meta Platforms Inc. Class A | 0.42% | 3,640 | $2.1M | No change |
| MCD McDonald's Corp. | 0.38% | 6,720 | $1.9M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.28% | 12,835 | $1.4M | Add +16.9% |
| ORCL Oracle Corp. | 0.20% | 6,252 | $1.0M | Reduce -28.7% |
| PRU Prudential Financial Inc. | 0.19% | 8,269 | $980K | No change |
| BKNG Booking Holdings Inc. | 0.18% | 189 | $939K | No change |
| VCIT Vanguard Int-Term Corporate | 0.17% | 10,773 | $865K | No change |
| AON Aon PLC Class A | 0.15% | 2,121 | $762K | No change |
| XLF SS Financial Select Sector | 0.12% | 12,743 | $616K | No change |
| EWBC East West Bancorp Inc. | 0.10% | 5,270 | $505K | No change |
| AXP American Express Co. | 0.10% | 1,645 | $488K | No change |
| NVDA Nvidia Corp. | 0.09% | 3,310 | $445K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.08% | 2,078 | $410K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 1,318 | $382K | No change |
| WTW Willis Towers Watson PLC | 0.06% | 1,029 | $322K | No change |
| MKL Markel Group Inc. | 0.06% | 182 | $314K | No change |
| NFLX Netflix Inc. | 0.05% | 280 | $250K | New |
Portfolio Sells Q3 2024 → Q4 2024
| UNH Unitedhealth Group Inc. | Reduce -45.3% | 3.48% | −3.65 |
| GPC Genuine Parts Co. | Reduce -85.0% | 0.53% | −3.52 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -58.4% | 1.70% | −3.01 |
| BND Vanguard Total Bond Market | Reduce -73.8% | 0.85% | −2.42 |
| VGLT Vanguard Long-Term Treasury | Sold out | 0.00% | −1.68 |
| NXPI NXP Semiconductors NV | Reduce -6.4% | 5.34% | −1.04 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −0.89 |
| NOC Northrop Grumman Corp. | Reduce -1.2% | 4.66% | −0.48 |
| SLB SLB Ltd. | Reduce -1.5% | 3.70% | −0.28 |
| TMUS T-Mobile US Inc. | Reduce -12.2% | 7.96% | −0.24 |
| ORCL Oracle Corp. | Reduce -28.7% | 0.20% | −0.08 |
| MSFT Microsoft Corp. | Reduce -1.4% | 12.21% | −0.04 |
| SYK Stryker Corp. | Reduce -3.4% | 1.06% | −0.01 |
| BX Blackstone Inc. | Reduce -2.6% | 1.67% | +0.20 |
| AAPL Apple Inc. | Reduce -0.6% | 4.56% | +0.42 |
| V Visa Inc. Class A | Reduce -1.2% | 6.51% | +0.96 |
| AMZN Amazon.com Inc. | Reduce -1.6% | 8.36% | +1.37 |
| GOOG Alphabet Inc. Class C | Reduce -1.3% | 10.30% | +1.43 |
Portfolio Buys Q3 2024 → Q4 2024
| SYY Sysco Corp. | Add +411.4% | 4.74% | +3.82 |
| FISV Fiserv Inc. | Add +813.0% | 3.25% | +2.95 |
| JNJ Johnson & Johnson | New | 2.05% | +2.05 |
| CNI Canadian Natl Railway Co. | Add +262.6% | 2.37% | +1.64 |
| IEF iShares 7-10 Year Treasury B | Add +29.9% | 4.35% | +0.91 |
| SCHO Schwab Short-Term US Treas | New | 0.84% | +0.84 |
| SLM SLM Corp. | Add +36.5% | 0.43% | +0.17 |
| GOOGL Alphabet Inc. Class A | Add +0.5% | 0.77% | +0.12 |
| DIS The Walt Disney Co. | Add +16.9% | 0.28% | +0.08 |
| NFLX Netflix Inc. | New | 0.05% | +0.05 |
| SCHR Schwab Intermediate-Term US | Add +2.0% | 1.70% | +0.02 |
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 |