Avalon Capital Management
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Avalon Capital Management reported 130 stock positions worth $330.2 million. Its top holding was Alphabet Class A (GOOGL) at 8.6% of the portfolio, followed by Vaneck Gold Miners ETF (GDX, 5.7%) and Alphabet Class C (GOOG, 5.2%). Compared with Q2 2024, it opened 24 new positions, sold out of 14, added to 34 and reduced 45. The biggest buy was a new position in Schwab Emrg Mrkts Eqty ETF (SCHE) and the biggest sale iShares 20+ Year Treasury BD (TLT, shares −61%).
- Most Recent 13F
- Q2 2026
- Location
- Port Of Redwood City, CA
- CIK
- 0001510809
- Portfolio Value
- $330.2M (Q3 2024)
- SEC Filing
- 0001172661-24-004616 ↗ filed Nov 13, 2024
Holdings Value
Holdings 130 stocks · $330.2M
| GOOGL Alphabet Inc. Class A | 8.63% | 171,728 | $28.5M | Reduce -13.0% |
| GDX Vaneck Gold Miners ETF | 5.66% | 468,933 | $18.7M | Add +13.1% |
| GOOG Alphabet Inc. Class C | 5.22% | 103,011 | $17.2M | Reduce -15.7% |
| MSFT Microsoft Corp. | 4.88% | 37,415 | $16.1M | Reduce -1.6% |
| GLD SPDR Gold Shares | 4.82% | 65,515 | $15.9M | Add +4.7% |
| AAPL Apple Inc. | 4.78% | 67,668 | $15.8M | Reduce -1.8% |
| AMZN Amazon.com Inc. | 4.49% | 79,548 | $14.8M | Reduce -1.8% |
| GOVT iShares US Treasury Bond ETF | 3.28% | 461,801 | $10.8M | Add +4.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 2.79% | 113,882 | $9.2M | Add +8.1% |
| CSCO Cisco Systems Inc. | 2.60% | 161,032 | $8.6M | Add +0.0% |
| TLT iShares 20+ Year Treasury BD | 2.45% | 82,296 | $8.1M | Reduce -61.1% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 2.28% | 258,083 | $7.5M | New |
| XLV SS Health Care Select Sector | 2.18% | 46,813 | $7.2M | Add +15.3% |
| QUAL iShares MSCI USA Quality Fac | 2.16% | 39,689 | $7.1M | Add +0.6% |
| MOAT Vaneck Morningstar Wide Moat | 2.02% | 68,643 | $6.7M | Reduce -1.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.00% | 14,317 | $6.6M | Add +96.2% |
| KWEB Kranesh Csi China Internet | 1.90% | 184,481 | $6.3M | New |
| DTCR Global X Data Center & Digit | 1.67% | 313,590 | $5.5M | New |
| SMH Vaneck Semiconductor ETF | 1.62% | 21,802 | $5.4M | Reduce -3.4% |
| JIRE JPMorgan Int Res Enh Eqty | 1.53% | 76,317 | $5.0M | New |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 1.44% | 86,784 | $4.8M | Reduce -2.7% |
| LLY Eli Lilly & Co. | 1.40% | 5,212 | $4.6M | Reduce -7.1% |
| PHO Invesco Water Resources ETF | 1.31% | 61,219 | $4.3M | Add +3.4% |
| MRVL Marvell Technology Inc. | 1.23% | 56,316 | $4.1M | No change |
| DGRW Wisdomtree U.S. Quality Divi | 1.15% | 45,526 | $3.8M | Reduce -5.6% |
| DIVO Amplify CWP Enhan Divid ETF | 1.11% | 88,740 | $3.7M | Add +1.2% |
| PWRD TCW Transform Systems ETF | 1.04% | 46,349 | $3.4M | Add +2.6% |
| KJAN Innovator U.S. Small Cap Pow | 1.02% | 91,080 | $3.4M | Add +1.3% |
| COWZ Pacer US Cash Cows 100 ETF | 0.96% | 55,087 | $3.2M | Reduce -0.6% |
| SHY iShares 1-3 Year Treasury Bo | 0.83% | 32,873 | $2.7M | Add +7.2% |
| BNDX Vanguard Total Intl Bond ETF | 0.72% | 47,491 | $2.4M | New |
| VWO Vanguard Ftse Emerging Marke | 0.71% | 49,271 | $2.4M | New |
| IBB iShares Biotechnology ETF | 0.70% | 15,796 | $2.3M | New |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.69% | 46,641 | $2.3M | Reduce -1.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.62% | 21,375 | $2.1M | Reduce -8.5% |
| AOR iShares Core 60/40 Balanced | 0.60% | 33,538 | $2.0M | Add +129.4% |
| TSLA Tesla Inc. | 0.57% | 7,139 | $1.9M | No change |
| V Visa Inc. Class A | 0.54% | 6,504 | $1.8M | Add +31.6% |
| IAU iShares Gold Trust | 0.52% | 34,799 | $1.7M | Add +1.9% |
| GLIN Vaneck India Growth Leaders | 0.50% | 30,406 | $1.7M | Reduce -4.4% |
| ORCL Oracle Corp. | 0.49% | 9,509 | $1.6M | Reduce -4.0% |
| NVDA Nvidia Corp. | 0.47% | 12,753 | $1.5M | Add +10.3% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.44% | 13,274 | $1.5M | Reduce -11.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.44% | 8,271 | $1.4M | New |
| COST Costco Wholesale Corp. | 0.43% | 1,610 | $1.4M | Add +6.0% |
| SHV iShares 0-1 Year Treasury Bo | 0.41% | 12,194 | $1.3M | New |
| DSTL Distillate US Fundamental St | 0.41% | 23,665 | $1.3M | Add +9.2% |
| LCR Leuthold Core ETF | 0.40% | 36,994 | $1.3M | Reduce -2.1% |
| ET Energy Transfer LP | 0.38% | 77,560 | $1.2M | Add +0.6% |
| SLVP iShares MSCI Global Silver A | 0.36% | 89,480 | $1.2M | Reduce -5.8% |
| EWH iShares MSCI Hong Kong ETF | 0.34% | 60,533 | $1.1M | New |
| DHR Danaher Corp. | 0.31% | 3,715 | $1.0M | Reduce -2.3% |
| HEI Heico Corp. | 0.31% | 3,887 | $1.0M | Add +7.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.27% | 1,797 | $877K | Reduce -2.0% |
| SCHD Schwab US DVD Equity ETF | 0.27% | 10,350 | $875K | No change |
| COPX Global X Copper Miners ETF | 0.26% | 17,895 | $846K | Add +3.5% |
| SLV iShares Silver Trust | 0.26% | 29,701 | $844K | New |
| ADVISORS INNER CIRCLE FD III | 0.25% | 30,525 | $831K | Add +106.9% |
| META Meta Platforms Inc. Class A | 0.25% | 1,444 | $827K | Add +5.3% |
| BX Blackstone Inc. | 0.25% | 5,320 | $815K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 1,415 | $812K | Reduce -0.9% |
| ANET Arista Networks Inc. | 0.24% | 2,093 | $803K | Add +0.3% |
| IGE iShares North American Natur | 0.24% | 17,922 | $790K | Reduce -2.3% |
| MRK Merck & Co. Inc. | 0.24% | 6,854 | $778K | Reduce -19.3% |
| BIP Brookfield Infrastructure Pa | 0.23% | 21,751 | $762K | No change |
| TDG Transdigm Group Inc. | 0.22% | 520 | $742K | New |
| IEF iShares 7-10 Year Treasury B | 0.22% | 7,536 | $739K | No change |
| XLK SS Technology Select Sector | 0.22% | 3,180 | $718K | No change |
| ADBE Adobe Inc. | 0.21% | 1,311 | $679K | Reduce -40.4% |
| AMD Advanced Micro Devices | 0.19% | 3,912 | $642K | No change |
| PG The Procter & Gamble Co. | 0.18% | 3,430 | $594K | Reduce -0.1% |
| XAR SS SPDR S&P Aerospace Def | 0.18% | 3,721 | $585K | No change |
| A Agilent Technologies Inc. | 0.18% | 3,913 | $581K | No change |
| XLI SS Industrial Select Sector | 0.17% | 4,121 | $558K | No change |
| BABA Alibaba Group Holding-SP ADR | 0.17% | 5,163 | $548K | New |
| PEP Pepsico Inc. | 0.16% | 3,058 | $520K | Reduce -10.0% |
| MPLX MPLX LP | 0.16% | 11,635 | $517K | No change |
| APD Air Products & Chemicals Inc. | 0.16% | 1,730 | $515K | No change |
| AEM Agnico Eagle Mines Ltd. | 0.16% | 6,371 | $513K | No change |
| VDE Vanguard Energy ETF | 0.15% | 3,958 | $485K | Reduce -2.5% |
| JNJ Johnson & Johnson | 0.15% | 2,959 | $480K | Reduce -3.3% |
| HL Hecla Mining Co. | 0.14% | 71,497 | $477K | Add +5.1% |
| GSSC Goldman Sachs Activebeta US | 0.14% | 6,829 | $474K | New |
| TMO Thermo Fisher Scientific Inc. | 0.14% | 751 | $465K | Add +89.2% |
| NOW ServiceNow Inc. | 0.13% | 480 | $429K | Add +5.3% |
| MA Mastercard Inc. Class A | 0.13% | 867 | $428K | Add +2.0% |
| HAP Vaneck Natural Resources ETF | 0.13% | 8,098 | $427K | Reduce -19.4% |
| VOO Vanguard S&P 500 ETF | 0.13% | 787 | $415K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.12% | 2,351 | $408K | No change |
| SCHW Schwab (charles) Corp. | 0.12% | 6,137 | $398K | Reduce -21.8% |
| GSST Goldman Sachs Ultra Short Bo | 0.12% | 7,763 | $393K | Reduce -66.3% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.12% | 4,350 | $392K | No change |
| TXN Texas Instruments Inc. | 0.12% | 1,871 | $386K | No change |
| VGT Vanguard Info Tech ETF | 0.12% | 648 | $380K | Reduce -9.6% |
| VZ Verizon Communications Inc. | 0.11% | 8,252 | $371K | Reduce -25.3% |
| B Barrick Gold Corp. | 0.11% | 18,400 | $366K | Reduce -12.5% |
| CVX Chevron Corp. | 0.11% | 2,470 | $364K | Reduce -20.1% |
| JPM JPMorgan Chase & Co. | 0.11% | 1,673 | $353K | No change |
| NFLX Netflix Inc. | 0.10% | 485 | $344K | No change |
| ZTS Zoetis Inc. | 0.10% | 1,759 | $344K | New |
Portfolio Sells Q2 2024 → Q3 2024
| TLT iShares 20+ Year Treasury BD | Reduce -61.1% | 2.45% | −3.71 |
| GSG iShares S&P Gsci Commodity I | Sold out | 0.00% | −2.91 |
| GOOGL Alphabet Inc. Class A | Reduce -13.0% | 8.63% | −2.77 |
| GOOG Alphabet Inc. Class C | Reduce -15.7% | 5.22% | −1.89 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Sold out | 0.00% | −0.79 |
| SMOT Vaneck Morningstar Smid Moat | Sold out | 0.00% | −0.67 |
| QQQM Invesco Nasdaq 100 ETF | Sold out | 0.00% | −0.67 |
| AIA iShares Asia 50 ETF | Sold out | 0.00% | −0.64 |
| MSFT Microsoft Corp. | Reduce -1.6% | 4.88% | −0.51 |
| AMZN Amazon.com Inc. | Reduce -1.8% | 4.49% | −0.47 |
| URNM Sprott Uranium Miners ETF | Sold out | 0.00% | −0.47 |
| GSST Goldman Sachs Ultra Short Bo | Reduce -66.3% | 0.12% | −0.25 |
| SMH Vaneck Semiconductor ETF | Reduce -3.4% | 1.62% | −0.24 |
| LLY Eli Lilly & Co. | Reduce -7.1% | 1.40% | −0.21 |
| ADBE Adobe Inc. | Reduce -40.4% | 0.21% | −0.18 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -2.7% | 1.44% | −0.13 |
| DIS The Walt Disney Co. | Reduce -8.5% | 0.62% | −0.11 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -19.3% | 0.24% | −0.10 |
| TLH iShares 10-20 Year Treasury | Sold out | 0.00% | −0.09 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −0.08 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.08 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.08 |
| NLR Vaneck Urani & Nuclr ETF-Usd | Sold out | 0.00% | −0.07 |
| JEPI JPMorgan Equity Premium Inco | Sold out | 0.00% | −0.07 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.07 |
| SCHW Schwab (charles) Corp. | Reduce -21.8% | 0.12% | −0.06 |
| EW Edwards Lifesciences Corp. | Reduce -9.6% | 0.09% | −0.06 |
| HPQ HP Inc. | Reduce -34.5% | 0.09% | −0.05 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -5.6% | 1.15% | −0.05 |
| CVX Chevron Corp. | Reduce -20.1% | 0.11% | −0.04 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -38.3% | 0.07% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -25.3% | 0.11% | −0.03 |
| HAP Vaneck Natural Resources ETF | Reduce -19.4% | 0.13% | −0.03 |
| IEMG iShares Core MSCI Emerging | Reduce -30.1% | 0.07% | −0.03 |
| AMAT Applied Materials Inc. | Reduce -12.4% | 0.07% | −0.03 |
| TTD Trade Desk Inc./the Class A | Reduce -11.3% | 0.44% | −0.02 |
| GPIX GLDM SA S&P 500 PR in ETF-US | Reduce -1.7% | 0.69% | −0.02 |
| PEP Pepsico Inc. | Reduce -10.0% | 0.16% | −0.02 |
| VDE Vanguard Energy ETF | Reduce -2.5% | 0.15% | −0.02 |
| IGE iShares North American Natur | Reduce -2.3% | 0.24% | −0.02 |
| VGT Vanguard Info Tech ETF | Reduce -9.6% | 0.12% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.0% | 0.27% | −0.01 |
| GLIN Vaneck India Growth Leaders | Reduce -4.4% | 0.50% | −0.01 |
| DNN Denison Mines Corp. | Reduce -44.1% | 0.01% | −0.01 |
| LCR Leuthold Core ETF | Reduce -2.1% | 0.40% | −0.01 |
| VONV Vanguard Russell 1000 Value | Reduce -9.3% | 0.10% | −0.01 |
| FCX Freeport-McMoran Inc. | Reduce -1.8% | 0.08% | −0.00 |
| RSG Republic Services Inc. | Reduce -2.2% | 0.07% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.9% | 0.25% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| SCHE Schwab Emrg Mrkts Eqty ETF | New | 2.28% | +2.28 |
| KWEB Kranesh Csi China Internet | New | 1.90% | +1.90 |
| DTCR Global X Data Center & Digit | New | 1.67% | +1.67 |
| JIRE JPMorgan Int Res Enh Eqty | New | 1.53% | +1.53 |
| GDX Vaneck Gold Miners ETF | Add +13.1% | 5.66% | +1.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +96.2% | 2.00% | +1.05 |
| BNDX Vanguard Total Intl Bond ETF | New | 0.72% | +0.72 |
| VWO Vanguard Ftse Emerging Marke | New | 0.71% | +0.71 |
| IBB iShares Biotechnology ETF | New | 0.70% | +0.70 |
| GLD SPDR Gold Shares | Add +4.7% | 4.82% | +0.56 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +8.1% | 2.79% | +0.51 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.44% | +0.44 |
| SHV iShares 0-1 Year Treasury Bo | New | 0.41% | +0.41 |
| EWH iShares MSCI Hong Kong ETF | New | 0.34% | +0.34 |
| AOR iShares Core 60/40 Balanced | Add +129.4% | 0.60% | +0.34 |
| XLV SS Health Care Select Sector | Add +15.3% | 2.18% | +0.31 |
| SLV iShares Silver Trust | New | 0.26% | +0.26 |
| TDG Transdigm Group Inc. | New | 0.22% | +0.22 |
| CSCO Cisco Systems Inc. | Add +0.0% | 2.60% | +0.17 |
| BABA Alibaba Group Holding-SP ADR | New | 0.17% | +0.17 |
| GSSC Goldman Sachs Activebeta US | New | 0.14% | +0.14 |
| ADVISORS INNER CIRCLE FD III | Add +106.9% | 0.25% | +0.13 |
| V Visa Inc. Class A | Add +31.6% | 0.54% | +0.13 |
| GOVT iShares US Treasury Bond ETF | Add +4.5% | 3.28% | +0.12 |
| ZTS Zoetis Inc. | New | 0.10% | +0.10 |
| GEV GE Vernova Inc. | New | 0.09% | +0.09 |
| PHO Invesco Water Resources ETF | Add +3.4% | 1.31% | +0.09 |
| NJUL Innovator Growth 100 Power B | New | 0.08% | +0.08 |
| PLTR Palantir Technologies Inc. Class A | New | 0.07% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +89.2% | 0.14% | +0.07 |
| WPM Wheaton Precious Metals Corp. | New | 0.07% | +0.07 |
| TWLO Twilio Inc. Class A | New | 0.07% | +0.07 |
| CG The Carlyle Group Inc. | New | 0.06% | +0.06 |
| IDXX Idexx Laboratories Inc. | New | 0.06% | +0.06 |
| ETN Eaton Corp. PLC | New | 0.06% | +0.06 |
| PWRD TCW Transform Systems ETF | Add +2.6% | 1.04% | +0.06 |
| DSTL Distillate US Fundamental St | Add +9.2% | 0.41% | +0.05 |
| HEI Heico Corp. | Add +7.6% | 0.31% | +0.05 |
| IAU iShares Gold Trust | Add +1.9% | 0.52% | +0.05 |
| HL Hecla Mining Co. | Add +5.1% | 0.14% | +0.04 |
| SHY iShares 1-3 Year Treasury Bo | Add +7.2% | 0.83% | +0.03 |
| META Meta Platforms Inc. Class A | Add +5.3% | 0.25% | +0.03 |
| DIVO Amplify CWP Enhan Divid ETF | Add +1.2% | 1.11% | +0.03 |
| KJAN Innovator U.S. Small Cap Pow | Add +1.3% | 1.02% | +0.03 |
| NGD New Gold Inc. | New | 0.02% | +0.02 |
| UNH Unitedhealth Group Inc. | Add +20.2% | 0.10% | +0.02 |
| COST Costco Wholesale Corp. | Add +6.0% | 0.43% | +0.02 |
| QUAL iShares MSCI USA Quality Fac | Add +0.6% | 2.16% | +0.02 |
| NOW ServiceNow Inc. | Add +5.3% | 0.13% | +0.02 |
| NVDA Nvidia Corp. | Add +10.3% | 0.47% | +0.02 |
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 |