Avalon Capital Management
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), Avalon Capital Management reported 131 stock positions worth $309.8 million. Its top holding was Alphabet Class A (GOOGL) at 9.9% of the portfolio, followed by Alphabet Class C (GOOG, 6.1%) and Amazon.com (AMZN, 5.6%). Compared with Q3 2024, it opened 23 new positions, sold out of 22, added to 27 and reduced 45. The biggest buy was a new position in Vaneck Bitcoin ETF (HODL) and the biggest sale Vaneck Gold Miners ETF (GDX, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- Port Of Redwood City, CA
- CIK
- 0001510809
- Portfolio Value
- $309.8M (Q4 2024)
- SEC Filing
- 0001172661-25-000487 ↗ filed Feb 4, 2025
Holdings Value
Holdings 131 stocks · $309.8M
| GOOGL Alphabet Inc. Class A | 9.93% | 162,487 | $30.8M | Reduce -5.4% |
| GOOG Alphabet Inc. Class C | 6.14% | 99,823 | $19.0M | Reduce -3.1% |
| AMZN Amazon.com Inc. | 5.61% | 79,203 | $17.4M | Reduce -0.4% |
| AAPL Apple Inc. | 5.20% | 64,393 | $16.1M | Reduce -4.8% |
| MSFT Microsoft Corp. | 5.10% | 37,490 | $15.8M | Add +0.2% |
| GLD SPDR Gold Shares | 4.58% | 58,636 | $14.2M | Reduce -10.5% |
| CSCO Cisco Systems Inc. | 3.07% | 160,793 | $9.5M | Reduce -0.1% |
| SMH Vaneck Semiconductor ETF | 2.50% | 31,957 | $7.7M | Add +46.6% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 2.32% | 95,117 | $7.2M | Reduce -16.5% |
| QUAL iShares MSCI USA Quality Fac | 2.24% | 39,038 | $7.0M | Reduce -1.6% |
| GDX Vaneck Gold Miners ETF | 2.19% | 199,798 | $6.8M | Reduce -57.4% |
| HODL Vaneck Bitcoin ETF | 2.14% | 62,735 | $6.6M | New |
| MRVL Marvell Technology Inc. | 2.02% | 56,601 | $6.3M | Add +0.5% |
| MOAT Vaneck Morningstar Wide Moat | 1.99% | 66,551 | $6.2M | Reduce -3.0% |
| GOVT iShares US Treasury Bond ETF | 1.92% | 259,144 | $6.0M | Reduce -43.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.69% | 11,518 | $5.2M | Reduce -19.6% |
| DTCR Global X Data Center & Digit | 1.63% | 305,337 | $5.1M | Reduce -2.6% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 1.58% | 86,843 | $4.9M | Add +0.1% |
| LLY Eli Lilly & Co. | 1.30% | 5,212 | $4.0M | No change |
| PHO Invesco Water Resources ETF | 1.29% | 60,771 | $4.0M | Reduce -0.7% |
| DIVO Amplify CWP Enhan Divid ETF | 1.17% | 89,818 | $3.6M | Add +1.2% |
| PWRD TCW Transform Systems ETF | 1.17% | 49,963 | $3.6M | Add +7.8% |
| IWP iShares Russell Mid-Cap Grow | 1.15% | 28,031 | $3.6M | New |
| DGRW Wisdomtree U.S. Quality Divi | 1.13% | 43,392 | $3.5M | Reduce -4.7% |
| KJAN Innovator U.S. Small Cap Pow | 1.08% | 89,797 | $3.4M | Reduce -1.4% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 1.05% | 12,810 | $3.3M | New |
| COWZ Pacer US Cash Cows 100 ETF | 1.00% | 54,784 | $3.1M | Reduce -0.6% |
| SHV iShares 0-1 Year Treasury Bo | 0.95% | 26,618 | $2.9M | Add +118.3% |
| TSLA Tesla Inc. | 0.93% | 7,139 | $2.9M | No change |
| FLTR Vaneck Ig Floating Rate ETF | 0.81% | 98,861 | $2.5M | New |
| GSST Goldman Sachs Ultra Short Bo | 0.79% | 49,018 | $2.5M | Add +531.4% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.78% | 48,849 | $2.4M | Add +4.7% |
| KBWB Invesco KBW Bank ETF | 0.77% | 36,341 | $2.4M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.74% | 20,618 | $2.3M | Reduce -3.5% |
| BNDX Vanguard Total Intl Bond ETF | 0.72% | 45,182 | $2.2M | Reduce -4.9% |
| IGV iShares Expanded Tech-Softwa | 0.70% | 21,566 | $2.2M | New |
| EMB iShares JP Morgan Usd Emergi | 0.70% | 24,242 | $2.2M | New |
| IAI iShares U.S. Broker-Dealers | 0.67% | 14,386 | $2.1M | New |
| V Visa Inc. Class A | 0.67% | 6,543 | $2.1M | Add +0.6% |
| VOX Vanguard Communication Servi | 0.63% | 12,597 | $2.0M | New |
| RAAX Vaneck Real Assets ETF | 0.62% | 68,132 | $1.9M | New |
| NVDA Nvidia Corp. | 0.59% | 13,718 | $1.8M | Add +7.6% |
| ET Energy Transfer LP | 0.50% | 79,760 | $1.6M | Add +2.8% |
| LCR Leuthold Core ETF | 0.50% | 45,233 | $1.6M | Add +22.3% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.50% | 13,100 | $1.5M | Reduce -1.3% |
| IAU iShares Gold Trust | 0.49% | 30,392 | $1.5M | Reduce -12.7% |
| GLIN Vaneck India Growth Leaders | 0.47% | 29,840 | $1.5M | Reduce -1.9% |
| ORCL Oracle Corp. | 0.47% | 8,771 | $1.5M | Reduce -7.8% |
| COST Costco Wholesale Corp. | 0.45% | 1,510 | $1.4M | Reduce -6.2% |
| DSTL Distillate US Fundamental St | 0.40% | 22,672 | $1.2M | Reduce -4.2% |
| SLV iShares Silver Trust | 0.39% | 46,077 | $1.2M | Add +55.1% |
| VWO Vanguard Ftse Emerging Marke | 0.37% | 26,318 | $1.2M | Reduce -46.6% |
| ANET Arista Networks Inc. | 0.36% | 9,972 | $1.1M | Add +19.1% |
| AOR iShares Core 60/40 Balanced | 0.34% | 18,119 | $1.0M | Reduce -46.0% |
| SCJ iShares MSCI Japan Small-Cap | 0.33% | 14,070 | $1.0M | New |
| EWJ iShares MSCI Japan ETF | 0.31% | 14,397 | $966K | New |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.31% | 3,623 | $957K | New |
| HEI Heico Corp. | 0.30% | 3,917 | $931K | Add +0.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.30% | 1,797 | $919K | No change |
| BX Blackstone Inc. | 0.30% | 5,320 | $917K | No change |
| META Meta Platforms Inc. Class A | 0.28% | 1,468 | $860K | Add +1.7% |
| SCHD Schwab US DVD Equity ETF | 0.27% | 31,050 | $848K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.27% | 1,414 | $829K | Reduce -0.1% |
| AEM Agnico Eagle Mines Ltd. | 0.25% | 10,051 | $786K | Add +57.8% |
| DHR Danaher Corp. | 0.24% | 3,265 | $749K | Reduce -12.1% |
| XLK SS Technology Select Sector | 0.24% | 3,180 | $739K | No change |
| TDG Transdigm Group Inc. | 0.24% | 581 | $736K | Add +11.7% |
| NOW ServiceNow Inc. | 0.23% | 680 | $721K | Add +41.7% |
| BIP Brookfield Infrastructure Pa | 0.22% | 21,751 | $691K | No change |
| ULTA Ulta Beauty Inc. | 0.22% | 1,572 | $684K | New |
| PLTR Palantir Technologies Inc. Class A | 0.22% | 8,850 | $669K | Add +39.4% |
| IGE iShares North American Natur | 0.21% | 15,441 | $660K | Reduce -13.8% |
| MRK Merck & Co. Inc. | 0.21% | 6,604 | $657K | Reduce -3.6% |
| NFLX Netflix Inc. | 0.21% | 735 | $655K | Add +51.5% |
| ADVISORS INNER CIRCLE FD III | 0.21% | 25,965 | $643K | Reduce -14.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.21% | 3,224 | $637K | Add +37.1% |
| XAR SS SPDR S&P Aerospace Def | 0.20% | 3,721 | $617K | No change |
| MPLX MPLX LP | 0.18% | 11,635 | $557K | No change |
| GEV GE Vernova Inc. | 0.18% | 1,680 | $553K | Add +43.0% |
| XLI SS Industrial Select Sector | 0.18% | 4,121 | $543K | No change |
| A Agilent Technologies Inc. | 0.17% | 3,913 | $526K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.17% | 6,402 | $525K | Reduce -80.5% |
| APD Air Products & Chemicals Inc. | 0.16% | 1,730 | $502K | No change |
| PG The Procter & Gamble Co. | 0.16% | 2,940 | $493K | Reduce -14.3% |
| ADBE Adobe Inc. | 0.16% | 1,085 | $482K | Reduce -17.2% |
| VDE Vanguard Energy ETF | 0.15% | 3,958 | $480K | No change |
| AMD Advanced Micro Devices | 0.15% | 3,912 | $473K | No change |
| CVX Chevron Corp. | 0.15% | 3,170 | $459K | Add +28.3% |
| MA Mastercard Inc. Class A | 0.15% | 867 | $457K | No change |
| SCHW Schwab (charles) Corp. | 0.14% | 6,046 | $447K | Reduce -1.5% |
| JNJ Johnson & Johnson | 0.14% | 2,959 | $428K | No change |
| IBIT iShares Bitcoin Trust ETF | 0.14% | 8,000 | $424K | New |
| VOO Vanguard S&P 500 ETF | 0.14% | 787 | $424K | No change |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.14% | 4,350 | $422K | No change |
| KMI Kinder Morgan Inc. | 0.13% | 15,000 | $411K | No change |
| VGT Vanguard Info Tech ETF | 0.13% | 648 | $403K | No change |
| TWLO Twilio Inc. Class A | 0.12% | 3,472 | $375K | No change |
| JPM JPMorgan Chase & Co. | 0.12% | 1,516 | $363K | Reduce -9.4% |
| GSSC Goldman Sachs Activebeta US | 0.11% | 4,981 | $344K | Reduce -27.1% |
| EW Edwards Lifesciences Corp. | 0.11% | 4,479 | $332K | Reduce -5.0% |
Portfolio Sells Q3 2024 → Q4 2024
| GDX Vaneck Gold Miners ETF | Reduce -57.4% | 2.19% | −3.47 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −2.45 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Sold out | 0.00% | −2.28 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −2.18 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −1.90 |
| JIRE JPMorgan Int Res Enh Eqty | Sold out | 0.00% | −1.53 |
| GOVT iShares US Treasury Bond ETF | Reduce -43.9% | 1.92% | −1.36 |
| IBB iShares Biotechnology ETF | Sold out | 0.00% | −0.70 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -80.5% | 0.17% | −0.66 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -16.5% | 2.32% | −0.46 |
| VTV Vanguard Mrngstr Val ETF-Aui | Sold out | 0.00% | −0.44 |
| SLVP iShares MSCI Global Silver A | Sold out | 0.00% | −0.36 |
| EWH iShares MSCI Hong Kong ETF | Sold out | 0.00% | −0.34 |
| VWO Vanguard Ftse Emerging Marke | Reduce -46.6% | 0.37% | −0.34 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -19.6% | 1.69% | −0.31 |
| AOR iShares Core 60/40 Balanced | Reduce -46.0% | 0.34% | −0.27 |
| COPX Global X Copper Miners ETF | Sold out | 0.00% | −0.26 |
| GLD SPDR Gold Shares | Reduce -10.5% | 4.58% | −0.24 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −0.22 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.17 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.14 |
| HAP Vaneck Natural Resources ETF | Sold out | 0.00% | −0.13 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.10 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.10 |
| HL Hecla Mining Co. | Reduce -45.3% | 0.06% | −0.08 |
| IEMG iShares Core MSCI Emerging | Sold out | 0.00% | −0.07 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.07 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.07 |
| DHR Danaher Corp. | Reduce -12.1% | 0.24% | −0.07 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.06 |
| PEP Pepsico Inc. | Reduce -31.1% | 0.10% | −0.05 |
| ADBE Adobe Inc. | Reduce -17.2% | 0.16% | −0.05 |
| ADVISORS INNER CIRCLE FD III | Reduce -14.9% | 0.21% | −0.04 |
| DTCR Global X Data Center & Digit | Reduce -2.6% | 1.63% | −0.04 |
| IAU iShares Gold Trust | Reduce -12.7% | 0.49% | −0.04 |
| GSSC Goldman Sachs Activebeta US | Reduce -27.1% | 0.11% | −0.03 |
| GLIN Vaneck India Growth Leaders | Reduce -1.9% | 0.47% | −0.03 |
| IGE iShares North American Natur | Reduce -13.8% | 0.21% | −0.03 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.02 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -3.0% | 1.99% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -3.6% | 0.21% | −0.02 |
| B Barrick Gold Corp. | Reduce -4.3% | 0.09% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -14.3% | 0.16% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -13.7% | 0.10% | −0.02 |
| ORCL Oracle Corp. | Reduce -7.8% | 0.47% | −0.02 |
| PHO Invesco Water Resources ETF | Reduce -0.7% | 1.29% | −0.02 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -4.7% | 1.13% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -3.6% | 0.10% | −0.01 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -4.9% | 0.72% | −0.01 |
| DSTL Distillate US Fundamental St | Reduce -4.2% | 0.40% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| HODL Vaneck Bitcoin ETF | New | 2.14% | +2.14 |
| IWP iShares Russell Mid-Cap Grow | New | 1.15% | +1.15 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | New | 1.05% | +1.05 |
| SMH Vaneck Semiconductor ETF | Add +46.6% | 2.50% | +0.88 |
| FLTR Vaneck Ig Floating Rate ETF | New | 0.81% | +0.81 |
| MRVL Marvell Technology Inc. | Add +0.5% | 2.02% | +0.79 |
| KBWB Invesco KBW Bank ETF | New | 0.77% | +0.77 |
| IGV iShares Expanded Tech-Softwa | New | 0.70% | +0.70 |
| EMB iShares JP Morgan Usd Emergi | New | 0.70% | +0.70 |
| GSST Goldman Sachs Ultra Short Bo | Add +531.4% | 0.79% | +0.68 |
| IAI iShares U.S. Broker-Dealers | New | 0.67% | +0.67 |
| VOX Vanguard Communication Servi | New | 0.63% | +0.63 |
| RAAX Vaneck Real Assets ETF | New | 0.62% | +0.62 |
| SHV iShares 0-1 Year Treasury Bo | Add +118.3% | 0.95% | +0.54 |
| SCJ iShares MSCI Japan Small-Cap | New | 0.33% | +0.33 |
| EWJ iShares MSCI Japan ETF | New | 0.31% | +0.31 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.31% | +0.31 |
| MSFT Microsoft Corp. | Add +0.2% | 5.10% | +0.22 |
| ULTA Ulta Beauty Inc. | New | 0.22% | +0.22 |
| PLTR Palantir Technologies Inc. Class A | Add +39.4% | 0.22% | +0.14 |
| IBIT iShares Bitcoin Trust ETF | New | 0.14% | +0.14 |
| JEPQ JPM Nasdaq Equity Premium | Add +0.1% | 1.58% | +0.14 |
| SLV iShares Silver Trust | Add +55.1% | 0.39% | +0.14 |
| PWRD TCW Transform Systems ETF | Add +7.8% | 1.17% | +0.13 |
| ET Energy Transfer LP | Add +2.8% | 0.50% | +0.13 |
| V Visa Inc. Class A | Add +0.6% | 0.67% | +0.13 |
| NVDA Nvidia Corp. | Add +7.6% | 0.59% | +0.13 |
| ANET Arista Networks Inc. | Add +19.1% | 0.36% | +0.11 |
| NFLX Netflix Inc. | Add +51.5% | 0.21% | +0.11 |
| LCR Leuthold Core ETF | Add +22.3% | 0.50% | +0.10 |
| VMC Vulcan Materials Co. | New | 0.10% | +0.10 |
| NOW ServiceNow Inc. | Add +41.7% | 0.23% | +0.10 |
| AEM Agnico Eagle Mines Ltd. | Add +57.8% | 0.25% | +0.10 |
| XLC SS Comm Select Sector SPDR | New | 0.09% | +0.09 |
| GEV GE Vernova Inc. | Add +43.0% | 0.18% | +0.09 |
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +4.7% | 0.78% | +0.09 |
| VGSH Vanguard Short-Term Treasury | New | 0.08% | +0.08 |
| CNX CNX Resources Corp. | New | 0.08% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | Add +37.1% | 0.21% | +0.08 |
| CPRT Copart Inc. | New | 0.08% | +0.08 |
| NRP Natural Resource Partners LP | New | 0.07% | +0.07 |
| MELI MercadoLibre Inc. | New | 0.07% | +0.07 |
| XLY SS Consumer Disc Select Sect | New | 0.07% | +0.07 |
| DIVO Amplify CWP Enhan Divid ETF | Add +1.2% | 1.17% | +0.07 |
| CVX Chevron Corp. | Add +28.3% | 0.15% | +0.04 |
| META Meta Platforms Inc. Class A | Add +1.7% | 0.28% | +0.03 |
| TDG Transdigm Group Inc. | Add +11.7% | 0.24% | +0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Add +8.0% | 0.08% | +0.01 |
| VYM Vanguard High DVD Yield ETF | Add +0.8% | 0.08% | +0.01 |
| HEI Heico Corp. | Add +0.8% | 0.30% | −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 |