Avalon Capital Management
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 24, 2024), Avalon Capital Management reported 120 stock positions worth $315.4 million. Its top holding was Alphabet Class A (GOOGL) at 11.4% of the portfolio, followed by Alphabet Class C (GOOG, 7.1%) and iShares 20+ Year Treasury BD (TLT, 6.2%). Compared with Q1 2024, it opened 30 new positions, sold out of 9, added to 48 and reduced 29. The biggest buy was iShares 20+ Year Treasury BD (TLT, shares +5491%) and the biggest sale an exit from Vaneck Ig Floating Rate ETF (FLTR).
- Most Recent 13F
- Q2 2026
- Location
- Port Of Redwood City, CA
- CIK
- 0001510809
- Portfolio Value
- $315.4M (Q2 2024)
- SEC Filing
- 0001172661-24-002896 ↗ filed Jul 24, 2024
Holdings Value
Holdings 120 stocks · $315.4M
| GOOGL Alphabet Inc. Class A | 11.40% | 197,402 | $36.0M | Add +1.9% |
| GOOG Alphabet Inc. Class C | 7.11% | 122,221 | $22.4M | Reduce -2.3% |
| TLT iShares 20+ Year Treasury BD | 6.16% | 211,518 | $19.4M | Add +5491.3% |
| MSFT Microsoft Corp. | 5.39% | 38,016 | $17.0M | Add +13.3% |
| AMZN Amazon.com Inc. | 4.96% | 80,968 | $15.6M | Add +9.8% |
| AAPL Apple Inc. | 4.60% | 68,915 | $14.5M | Add +5.7% |
| GDX Vaneck Gold Miners ETF | 4.46% | 414,571 | $14.1M | Add +39.2% |
| GLD SPDR Gold Shares | 4.27% | 62,600 | $13.5M | Add +5.3% |
| GOVT iShares US Treasury Bond ETF | 3.16% | 442,095 | $10.0M | Add +340.7% |
| GSG iShares S&P Gsci Commodity I | 2.91% | 414,153 | $9.2M | Reduce -0.0% |
| CSCO Cisco Systems Inc. | 2.42% | 160,962 | $7.6M | Reduce -0.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 2.28% | 105,375 | $7.2M | New |
| QUAL iShares MSCI USA Quality Fac | 2.14% | 39,471 | $6.7M | Add +23.3% |
| MOAT Vaneck Morningstar Wide Moat | 1.92% | 69,812 | $6.0M | Reduce -31.4% |
| XLV SS Health Care Select Sector | 1.88% | 40,615 | $5.9M | Add +1353.1% |
| SMH Vaneck Semiconductor ETF | 1.86% | 22,561 | $5.9M | Reduce -30.9% |
| LLY Eli Lilly & Co. | 1.61% | 5,612 | $5.1M | Add +0.2% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 1.57% | 89,196 | $5.0M | Reduce -13.5% |
| MRVL Marvell Technology Inc. | 1.25% | 56,316 | $3.9M | Add +0.0% |
| PHO Invesco Water Resources ETF | 1.22% | 59,182 | $3.8M | Add +0.0% |
| DGRW Wisdomtree U.S. Quality Divi | 1.19% | 48,244 | $3.8M | Reduce -3.9% |
| DIVO Amplify CWP Enhan Divid ETF | 1.08% | 87,684 | $3.4M | New |
| KJAN Innovator U.S. Small Cap Pow | 1.00% | 89,926 | $3.1M | Reduce -6.4% |
| PWRD TCW Transform Systems ETF | 0.98% | 45,181 | $3.1M | Add +5.3% |
| COWZ Pacer US Cash Cows 100 ETF | 0.96% | 55,444 | $3.0M | Reduce -9.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.94% | 7,296 | $3.0M | Reduce -0.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.79% | 30,676 | $2.5M | New |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.79% | 56,870 | $2.5M | Reduce -37.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.74% | 23,372 | $2.3M | Reduce -4.1% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.71% | 47,466 | $2.3M | New |
| SMOT Vaneck Morningstar Smid Moat | 0.67% | 66,291 | $2.1M | Reduce -47.6% |
| QQQM Invesco Nasdaq 100 ETF | 0.67% | 10,643 | $2.1M | Reduce -4.2% |
| AIA iShares Asia 50 ETF | 0.64% | 30,255 | $2.0M | New |
| GLIN Vaneck India Growth Leaders | 0.51% | 31,806 | $1.6M | New |
| IAU iShares Gold Trust | 0.48% | 34,149 | $1.5M | Add +528.1% |
| URNM Sprott Uranium Miners ETF | 0.47% | 30,067 | $1.5M | Add +15.5% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.46% | 14,974 | $1.5M | New |
| NVDA Nvidia Corp. | 0.45% | 11,560 | $1.4M | Add +7.5% |
| TSLA Tesla Inc. | 0.45% | 7,139 | $1.4M | Add +0.2% |
| ORCL Oracle Corp. | 0.44% | 9,901 | $1.4M | Add +213.7% |
| V Visa Inc. Class A | 0.41% | 4,941 | $1.3M | Add +68.1% |
| COST Costco Wholesale Corp. | 0.41% | 1,519 | $1.3M | New |
| LCR Leuthold Core ETF | 0.40% | 37,771 | $1.3M | Add +174.8% |
| ET Energy Transfer LP | 0.40% | 77,121 | $1.3M | Add +2.1% |
| ADBE Adobe Inc. | 0.39% | 2,198 | $1.2M | Reduce -9.6% |
| GSST Goldman Sachs Ultra Short Bo | 0.37% | 23,006 | $1.2M | New |
| DSTL Distillate US Fundamental St | 0.35% | 21,665 | $1.1M | Reduce -1.7% |
| SLVP iShares MSCI Global Silver A | 0.35% | 94,943 | $1.1M | New |
| MRK Merck & Co. Inc. | 0.33% | 8,494 | $1.1M | Add +33.5% |
| DHR Danaher Corp. | 0.30% | 3,803 | $950K | Add +250.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.28% | 1,834 | $879K | Reduce -24.3% |
| AOR iShares Core 60/40 Balanced | 0.26% | 14,620 | $823K | Reduce -2.8% |
| HEI Heico Corp. | 0.26% | 3,613 | $808K | Add +3.5% |
| IGE iShares North American Natur | 0.26% | 18,346 | $807K | Reduce -76.8% |
| SCHD Schwab US DVD Equity ETF | 0.26% | 10,350 | $805K | No change |
| COPX Global X Copper Miners ETF | 0.25% | 17,297 | $780K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 1,428 | $777K | Add +91.9% |
| ANET Arista Networks Inc. | 0.23% | 2,086 | $731K | No change |
| XLK SS Technology Select Sector | 0.23% | 3,180 | $719K | New |
| IEF iShares 7-10 Year Treasury B | 0.22% | 7,536 | $706K | No change |
| META Meta Platforms Inc. Class A | 0.22% | 1,371 | $691K | Add +1.9% |
| BX Blackstone Inc. | 0.21% | 5,320 | $659K | No change |
| AMD Advanced Micro Devices | 0.20% | 3,912 | $635K | Add +0.3% |
| BIP Brookfield Infrastructure Pa | 0.19% | 21,751 | $597K | Reduce -2.0% |
| SCHW Schwab (charles) Corp. | 0.18% | 7,850 | $578K | New |
| PG The Procter & Gamble Co. | 0.18% | 3,435 | $566K | Add +54.0% |
| PEP Pepsico Inc. | 0.18% | 3,398 | $560K | New |
| XAR SS SPDR S&P Aerospace Def | 0.17% | 3,721 | $521K | New |
| VDE Vanguard Energy ETF | 0.16% | 4,058 | $518K | New |
| A Agilent Technologies Inc. | 0.16% | 3,913 | $507K | Add +0.1% |
| XLI SS Industrial Select Sector | 0.16% | 4,121 | $502K | New |
| HAP Vaneck Natural Resources ETF | 0.16% | 10,041 | $502K | No change |
| MPLX MPLX LP | 0.16% | 11,635 | $496K | No change |
| CVX Chevron Corp. | 0.15% | 3,091 | $483K | Add +11.1% |
| EW Edwards Lifesciences Corp. | 0.15% | 5,212 | $481K | New |
| VZ Verizon Communications Inc. | 0.14% | 11,052 | $456K | Add +7.8% |
| JNJ Johnson & Johnson | 0.14% | 3,059 | $447K | Reduce -15.9% |
| APD Air Products & Chemicals Inc. | 0.14% | 1,730 | $447K | New |
| HPQ HP Inc. | 0.14% | 12,300 | $431K | Reduce -19.5% |
| AEM Agnico Eagle Mines Ltd. | 0.13% | 6,371 | $417K | No change |
| VGT Vanguard Info Tech ETF | 0.13% | 717 | $413K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.13% | 2,351 | $409K | Add +9.0% |
| VOO Vanguard S&P 500 ETF | 0.12% | 787 | $393K | New |
| ADVISORS INNER CIRCLE FD III | 0.12% | 14,755 | $377K | Add +20.4% |
| MA Mastercard Inc. Class A | 0.12% | 850 | $375K | Reduce -24.6% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.12% | 4,350 | $365K | No change |
| TXN Texas Instruments Inc. | 0.12% | 1,871 | $364K | Add +0.8% |
| NOW ServiceNow Inc. | 0.11% | 456 | $359K | New |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.11% | 917 | $359K | New |
| B Barrick Gold Corp. | 0.11% | 21,026 | $351K | Add +19.5% |
| JPM JPMorgan Chase & Co. | 0.11% | 1,673 | $338K | Add +1.2% |
| HL Hecla Mining Co. | 0.10% | 68,037 | $330K | New |
| NFLX Netflix Inc. | 0.10% | 485 | $327K | Add +2.1% |
| HPE Hewlett Packard Enterprise | 0.10% | 15,130 | $320K | Add +0.3% |
| IEMG iShares Core MSCI Emerging | 0.10% | 5,969 | $320K | Add +0.0% |
| VONV Vanguard Russell 1000 Value | 0.10% | 4,171 | $319K | New |
| AMAT Applied Materials Inc. | 0.10% | 1,328 | $313K | Add +27.0% |
| KMI Kinder Morgan Inc. | 0.09% | 15,000 | $298K | No change |
| SPGI S&P Global Inc. | 0.09% | 649 | $289K | Reduce -0.3% |
| TLH iShares 10-20 Year Treasury | 0.09% | 2,711 | $278K | Add +19.5% |
Portfolio Sells Q1 2024 → Q2 2024
| FLTR Vaneck Ig Floating Rate ETF | Sold out | 0.00% | −3.80 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -31.4% | 1.92% | −1.83 |
| IGE iShares North American Natur | Reduce -76.8% | 0.26% | −1.20 |
| SMH Vaneck Semiconductor ETF | Reduce -30.9% | 1.86% | −1.14 |
| SMOT Vaneck Morningstar Smid Moat | Reduce -47.6% | 0.67% | −1.10 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -37.4% | 0.79% | −1.04 |
| CSCO Cisco Systems Inc. | Reduce -0.1% | 2.42% | −0.87 |
| GSG iShares S&P Gsci Commodity I | Reduce -0.0% | 2.91% | −0.84 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -13.5% | 1.57% | −0.72 |
| GOOG Alphabet Inc. Class C | Reduce -2.3% | 7.11% | −0.70 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -9.1% | 0.96% | −0.49 |
| DIS The Walt Disney Co. | Reduce -4.1% | 0.74% | −0.49 |
| KJAN Innovator U.S. Small Cap Pow | Reduce -6.4% | 1.00% | −0.40 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -3.9% | 1.19% | −0.37 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.3% | 0.94% | −0.32 |
| INTC Intel Corp. | Sold out | 0.00% | −0.21 |
| NXE Nexgen Energy Ltd. | Sold out | 0.00% | −0.17 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -4.2% | 0.67% | −0.17 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -24.3% | 0.28% | −0.16 |
| DSTL Distillate US Fundamental St | Reduce -1.7% | 0.35% | −0.13 |
| PJUL Innovator U.S. Equity Power | Sold out | 0.00% | −0.13 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.12 |
| ADBE Adobe Inc. | Reduce -9.6% | 0.39% | −0.12 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.11 |
| MA Mastercard Inc. Class A | Reduce -24.6% | 0.12% | −0.10 |
| BIP Brookfield Infrastructure Pa | Reduce -2.0% | 0.19% | −0.09 |
| JNJ Johnson & Johnson | Reduce -15.9% | 0.14% | −0.09 |
| ASO Academy Sports & Outdoors Inc. | Sold out | 0.00% | −0.09 |
| CSX CSX Corp. | Sold out | 0.00% | −0.09 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.09 |
| AOR iShares Core 60/40 Balanced | Reduce -2.8% | 0.26% | −0.08 |
| HPQ HP Inc. | Reduce -19.5% | 0.14% | −0.05 |
| OXY Occidental Petroleum Corp. | Reduce -13.7% | 0.08% | −0.05 |
| KEYS Keysight Technologies Inc. | Reduce -2.8% | 0.08% | −0.04 |
| JEPI JPMorgan Equity Premium Inco | Reduce -10.1% | 0.07% | −0.03 |
| ROP Roper Technologies Inc. | Reduce -4.1% | 0.08% | −0.03 |
| SPGI S&P Global Inc. | Reduce -0.3% | 0.09% | −0.02 |
| QLTY GMO U.S. Quality ETF | Reduce -1.0% | 0.07% | −0.02 |
Portfolio Buys Q1 2024 → Q2 2024
| TLT iShares 20+ Year Treasury BD | Add +5491.3% | 6.16% | +6.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 2.28% | +2.28 |
| GOVT iShares US Treasury Bond ETF | Add +340.7% | 3.16% | +2.23 |
| XLV SS Health Care Select Sector | Add +1353.1% | 1.88% | +1.71 |
| DIVO Amplify CWP Enhan Divid ETF | New | 1.08% | +1.08 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.79% | +0.79 |
| GPIX GLDM SA S&P 500 PR in ETF-US | New | 0.71% | +0.71 |
| AIA iShares Asia 50 ETF | New | 0.64% | +0.64 |
| GDX Vaneck Gold Miners ETF | Add +39.2% | 4.46% | +0.60 |
| GLIN Vaneck India Growth Leaders | New | 0.51% | +0.51 |
| TTD Trade Desk Inc./the Class A | New | 0.46% | +0.46 |
| COST Costco Wholesale Corp. | New | 0.41% | +0.41 |
| IAU iShares Gold Trust | Add +528.1% | 0.48% | +0.38 |
| GSST Goldman Sachs Ultra Short Bo | New | 0.37% | +0.37 |
| SLVP iShares MSCI Global Silver A | New | 0.35% | +0.35 |
| ORCL Oracle Corp. | Add +213.7% | 0.44% | +0.28 |
| COPX Global X Copper Miners ETF | New | 0.25% | +0.25 |
| XLK SS Technology Select Sector | New | 0.23% | +0.23 |
| LCR Leuthold Core ETF | Add +174.8% | 0.40% | +0.21 |
| DHR Danaher Corp. | Add +250.5% | 0.30% | +0.19 |
| SCHW Schwab (charles) Corp. | New | 0.18% | +0.18 |
| PEP Pepsico Inc. | New | 0.18% | +0.18 |
| XAR SS SPDR S&P Aerospace Def | New | 0.17% | +0.17 |
| VDE Vanguard Energy ETF | New | 0.16% | +0.16 |
| XLI SS Industrial Select Sector | New | 0.16% | +0.16 |
| EW Edwards Lifesciences Corp. | New | 0.15% | +0.15 |
| APD Air Products & Chemicals Inc. | New | 0.14% | +0.14 |
| VGT Vanguard Info Tech ETF | New | 0.13% | +0.13 |
| VOO Vanguard S&P 500 ETF | New | 0.12% | +0.12 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.11% | +0.11 |
| NOW ServiceNow Inc. | New | 0.11% | +0.11 |
| HL Hecla Mining Co. | New | 0.10% | +0.10 |
| VONV Vanguard Russell 1000 Value | New | 0.10% | +0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +91.9% | 0.25% | +0.09 |
| NEE Nextera Energy Inc. | New | 0.08% | +0.08 |
| V Visa Inc. Class A | Add +68.1% | 0.41% | +0.07 |
| UNH Unitedhealth Group Inc. | New | 0.07% | +0.07 |
| NLR Vaneck Urani & Nuclr ETF-Usd | New | 0.07% | +0.07 |
| PINS Pinterest Inc. Class A | New | 0.07% | +0.07 |
| XLF SS Financial Select Sector | New | 0.07% | +0.07 |
| NVDA Nvidia Corp. | Add +7.5% | 0.45% | +0.05 |
| PG The Procter & Gamble Co. | Add +54.0% | 0.18% | +0.03 |
| AAPL Apple Inc. | Add +5.7% | 4.60% | +0.02 |
| AMAT Applied Materials Inc. | Add +27.0% | 0.10% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +9.0% | 0.13% | +0.01 |
| AQMS Aqua Metals Inc. | Add +50.0% | 0.00% | −0.00 |
| HPE Hewlett Packard Enterprise | Add +0.3% | 0.10% | −0.01 |
| B Barrick Gold Corp. | Add +19.5% | 0.11% | −0.01 |
| TLH iShares 10-20 Year Treasury | Add +19.5% | 0.09% | −0.01 |
| ADVISORS INNER CIRCLE FD III | Add +20.4% | 0.12% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 126 | $422.4M | GOOGL, SMH, GDX, GLD, GOOG |
| Q1 2026 | 121 | $354.2M | GOOGL, GDX, GOOG, SMH, PDBC |
| Q4 2025 | 139 | $418.0M | GOOGL, GDX, GOOG, SMH, GLD |
| Q3 2025 | 133 | $408.0M | GOOGL, GDX, BWZ, GOOG, GLD |
| Q2 2025 | 127 | $372.2M | GOOGL, BWZ, GDX, AMZN, GLD |
| Q1 2025 | 126 | $344.3M | GOOGL, GDX, GLD, GOOG, AAPL |
| Q4 2024 | 131 | $309.8M | GOOGL, GOOG, AMZN, AAPL, MSFT |
| Q3 2024 | 130 | $330.2M | GOOGL, GDX, GOOG, MSFT, GLD |
| Q2 2024 | 120 | $315.4M | GOOGL, GOOG, TLT, MSFT, AMZN |
| Q1 2024 | 99 | $244.1M | GOOGL, GOOG, MSFT, AMZN, GLD |