Bannerstone Capital Management, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 31, 2026), Bannerstone Capital Management, LLC reported 112 stock positions worth $118.9 million. Its top holding was Nvidia (NVDA) at 5.0% of the portfolio, followed by Apple (AAPL, 4.8%) and Lam Research (LRCX, 4.0%). Compared with Q1 2026, it opened 29 new positions, sold out of 14, added to 26 and reduced 50. The biggest buy was a new position in Vertiv Class A (VRT) and the biggest sale Celestica (CLS, shares −13%).

Most Recent 13F
Q2 2026
Location
WAYZATA, MN
CIK
0002083499
Portfolio Value
$118.9M (Q2 2026)
SEC Filing
0002085853-26-000920 ↗ filed Jul 31, 2026

Holdings Value

0$50.0M$100.0M$150.0M Q4 2025: $104.3M Q4 2025 Q1 2026: $107.6M Q1 2026 Q2 2026: $118.9M $118.9M Q2 2026

Holdings 112 stocks · $118.9M
NVDA Nvidia Corp. 5.03% 29,877 $6.0M Reduce -1.9%
AAPL Apple Inc. 4.81% 19,775 $5.7M Reduce -1.1%
LRCX Lam Research Corp. 4.04% 11,087 $4.8M Reduce -5.8%
BRK.B Berkshire Hathaway Inc. Class B 3.85% 9,155 $4.6M Reduce -4.9%
GS Goldman Sachs Group Inc. 3.57% 4,201 $4.2M Add +0.4%
PLTR Palantir Technologies Inc. Class A 3.00% 30,554 $3.6M Reduce -16.2%
JPM JPMorgan Chase & Co. 2.68% 9,720 $3.2M Reduce -0.0%
FDS Factset Research Systems Inc. 2.66% 13,729 $3.2M No change
VRT Vertiv Holdings Co. Class A 2.44% 8,652 $2.9M New
PWR Quanta Services Inc. 2.43% 4,006 $2.9M Reduce -8.2%
MSFT Microsoft Corp. 2.28% 7,266 $2.7M Add +0.6%
AMD Advanced Micro Devices 2.05% 4,204 $2.4M Reduce -27.0%
FIX Comfort Systems USA Inc. 1.89% 1,133 $2.2M Reduce -7.5%
LLY Eli Lilly & Co. 1.85% 1,836 $2.2M Reduce -2.5%
ETN Eaton Corp. PLC 1.72% 4,812 $2.1M Add +1.1%
BE Bloom Energy Corp. Class A 1.70% 6,675 $2.0M Reduce -17.4%
STT State Street Corp. 1.65% 11,554 $2.0M Add +516.9%
AGX Argan Inc. 1.57% 2,331 $1.9M Reduce -10.1%
PANW Palo Alto Networks Inc. 1.52% 5,314 $1.8M Reduce -3.1%
DB Deutsche Bank AG-Registered 1.46% 51,482 $1.7M Reduce -0.1%
APLD Applied Digital Corp. 1.41% 44,960 $1.7M Reduce -13.0%
AMZN Amazon.com Inc. 1.40% 6,973 $1.7M Add +2.5%
SPY SS SPDR S&P 500 ETF Trust-US 1.36% 2,167 $1.6M Reduce -45.8%
NBIS Nebius Group NV 1.36% 5,838 $1.6M New
WRB WR Berkley Corp. filed as BERKLEY W R CORP 1.34% 22,612 $1.6M Add +0.6%
CW Curtiss-Wright Corp. 1.19% 1,861 $1.4M Reduce -13.0%
CLS Celestica Inc. 1.13% 3,674 $1.3M Reduce -12.7%
AXP American Express Co. 1.10% 3,883 $1.3M Add +1.5%
AAOI Applied Optoelectronics Inc. 1.10% 8,807 $1.3M Reduce -12.8%
MA Mastercard Inc. Class A 1.08% 2,493 $1.3M Reduce -1.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.00% 14,797 $1.2M Add +0.4%
FTAI Ftai Aviation Ltd. 0.98% 4,289 $1.2M Reduce -12.9%
GE General Electric filed as GE AEROSPACE 0.92% 2,927 $1.1M Reduce -0.4%
KLAC KLA Corp. 0.88% 3,475 $1.0M Reduce -0.1%
AMG Affiliated Managers Group 0.86% 3,027 $1.0M New
GLW Corning Inc. 0.85% 3,933 $1.0M New
VSAT Viasat Inc. 0.84% 11,092 $996K New
TER Teradyne Inc. 0.82% 2,023 $979K Reduce -0.4%
SNPS Synopsys Inc. 0.75% 2,003 $893K Reduce -0.1%
AVGO Broadcom Inc. 0.74% 2,336 $883K Reduce -0.9%
GEV GE Vernova Inc. 0.74% 749 $880K No change
CB Chubb Ltd. 0.72% 2,508 $855K Add +20.0%
GOOGL Alphabet Inc. Class A 0.70% 2,318 $828K Reduce -0.1%
QQQ Invesco QQQ Trust Series 1 0.69% 1,107 $815K Reduce -51.7%
COST Costco Wholesale Corp. 0.66% 843 $789K No change
VLO Valero Energy Corp. 0.65% 2,958 $770K Reduce -1.6%
PLXS Plexus Corp. 0.65% 2,556 $769K New
GOOG Alphabet Inc. Class C 0.64% 2,146 $758K Reduce -0.4%
DELL Dell Technologies -C 0.62% 1,711 $738K New
IBKR Interactive Brokers Gro Class A 0.59% 8,119 $707K Add +0.0%
GHC Graham Holdings Co. Class B 0.59% 618 $705K Add +26.4%
JNJ Johnson & Johnson 0.59% 2,767 $703K Add +3.7%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.59% 350 $696K Add +0.6%
CAT Caterpillar Inc. 0.54% 605 $644K Add +101.7%
CAH Cardinal Health Inc. 0.53% 2,654 $630K Add +8.2%
FPS Forgent Power Solutions Class A 0.52% 11,094 $620K New
JXN Jackson Financial Inc. Class A 0.52% 6,026 $617K Add +0.1%
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.50% 1,130 $590K Reduce -59.2%
RKLB Rocket Lab Corp. 0.47% 5,515 $561K Reduce -0.2%
UPS United Parcel Service Class B 0.46% 5,132 $552K Reduce -1.9%
HD Home Depot Inc. 0.44% 1,490 $525K Reduce -1.6%
UNH Unitedhealth Group Inc. 0.44% 1,257 $522K Reduce -4.3%
TGT Target Corp. 0.43% 3,942 $515K Add +2.4%
ABBV Abbvie Inc. 0.43% 2,046 $515K Reduce -0.5%
ATI Ati Inc. 0.42% 2,550 $503K New
HLT Hilton Worldwide Holdings Inc. 0.42% 1,518 $502K Reduce -0.1%
FLEX Flex Ltd. 0.42% 3,094 $501K New
R Ryder System Inc. 0.42% 1,875 $494K Reduce -1.6%
NTAP Netapp Inc. 0.41% 3,130 $484K New
MS Morgan Stanley 0.39% 2,219 $464K New
ROK Rockwell Automation Inc. 0.37% 884 $438K New
DFAU Dimensional US Core Equity M 0.36% 8,198 $424K Add +8.6%
TXN Texas Instruments Inc. 0.36% 1,420 $423K New
RTX RTX Corp. 0.35% 2,211 $420K Add +1.4%
DE Deere & Co. 0.34% 636 $403K Reduce -48.2%
FAST Fastenal Co. 0.32% 7,980 $383K Add +0.5%
VST Vistra Corp. 0.31% 2,323 $368K Reduce -2.9%
MU Micron Technology Inc. 0.31% 316 $365K New
PEP Pepsico Inc. 0.30% 2,636 $357K Reduce -5.1%
EBAY eBay Inc. 0.30% 3,181 $356K Add +0.6%
IREN Iren Ltd. filed as IREN LIMITED 0.30% 7,728 $353K New
EOG EOG Resources Inc. 0.30% 2,715 $352K Reduce -1.9%
VB Vanguard Most SM-Cap ETF-Usd 0.30% 1,160 $352K Add +0.4%
DFAT Dimensional US Target Value 0.29% 5,016 $351K Reduce -4.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.29% 1,238 $348K Add +9.7%
STX Seagate Technology Holdings 0.28% 348 $336K New
LHX L3HARRIS Technologies Inc. 0.27% 1,107 $322K Reduce -5.3%
TTC Toro Co. 0.26% 3,200 $312K No change
GLD SPDR Gold Shares 0.26% 842 $310K Reduce -2.3%
CSCO Cisco Systems Inc. 0.24% 2,464 $289K New
CHRW C.H. Robinson Worldwide Inc. 0.24% 1,514 $285K Reduce -10.6%
SNDK Sandisk Corp. 0.24% 125 $284K New
MMM 3M Co. 0.24% 1,741 $282K No change
VTI VG Morningstar TS MKT ETF-US 0.23% 741 $274K Add +0.3%
DFAI Dimensional International Co. 0.23% 6,594 $272K Add +17.1%
SBUX Starbucks Corp. 0.22% 2,596 $265K No change
VCTR Victory Capital Holding - A 0.22% 3,063 $257K New
SLV iShares Silver Trust 0.21% 4,715 $252K Reduce -1.7%
AMAT Applied Materials Inc. 0.21% 348 $252K New
IVV iShares Core S&P 500 ETF 0.21% 332 $249K Reduce -5.1%
META Meta Platforms Inc. Class A 0.20% 425 $240K Reduce -0.7%
DGRO iShares Core Dividend Growth 0.20% 3,150 $239K Add +0.7%
TSLA Tesla Inc. 0.20% 554 $233K Reduce -0.9%
SPG Simon Property Group Inc. 0.19% 1,035 $232K New
CASY Casey's General Stores Inc. 0.19% 285 $227K New
WDC Western Digital Corp. 0.19% 351 $224K New
FPX First Trust US Equity Opport 0.18% 1,061 $219K New
LMT Lockheed Martin Corp. 0.18% 421 $214K No change
V Visa Inc. Class A 0.18% 621 $213K New
ITRN Ituran Location and Control 0.18% 3,491 $213K New
AMGN Amgen Inc. 0.17% 563 $204K New
WM Waste Management Inc. 0.06% 345 $77K New

Options reported separately and not counted above: KHC calls ($236K).

Portfolio Sells Q1 2026 → Q2 2026
CLS Celestica Inc. Reduce -12.7% 1.13% −9.27
PLTR Palantir Technologies Inc. Class A Reduce -16.2% 3.00% −1.99
KTOS Kratos Defense & Security Sold out 0.00% −1.13
AJG Arthur J Gallagher & Co. Sold out 0.00% −1.13
FSLY Fastly Inc. Class A Sold out 0.00% −1.05
CME Cme Group Inc. Sold out 0.00% −0.94
TECL Dire Dai Tec Bull 3X ETF-Usd Sold out 0.00% −0.82
DIA SS SPDR Dow Jones Indus Avg Reduce -59.2% 0.50% −0.70
SPY SS SPDR S&P 500 ETF Trust-US Reduce -45.8% 1.36% −0.67
MSTR Strategy Inc. Sold out 0.00% −0.64
NOW ServiceNow Inc. Sold out 0.00% −0.62
QQQ Invesco QQQ Trust Series 1 Reduce -51.7% 0.69% −0.54
APP AppLovin Corp. Class A Sold out 0.00% −0.52
BRK.B Berkshire Hathaway Inc. Class B Reduce -4.9% 3.85% −0.43
SHOP Shopify Inc. Class A Sold out 0.00% −0.40
TKO Tko Group Holdings Inc. Sold out 0.00% −0.38
DE Deere & Co. Reduce -48.2% 0.34% −0.30
NFLX Netflix Inc. Sold out 0.00% −0.25
UI Ubiquiti Inc. Sold out 0.00% −0.24
WMT Walmart Inc. Sold out 0.00% −0.21
HON Honeywell International Inc. Sold out 0.00% −0.19
CW Curtiss-Wright Corp. Reduce -13.0% 1.19% −0.17
FTAI Ftai Aviation Ltd. Reduce -12.9% 0.98% −0.14
LHX L3HARRIS Technologies Inc. Reduce -5.3% 0.27% −0.10
PEP Pepsico Inc. Reduce -5.1% 0.30% −0.10
MA Mastercard Inc. Class A Reduce -1.1% 1.08% −0.09
SLV iShares Silver Trust Reduce -1.7% 0.21% −0.09
GLD SPDR Gold Shares Reduce -2.3% 0.26% −0.08
EOG EOG Resources Inc. Reduce -1.9% 0.30% −0.08
VLO Valero Energy Corp. Reduce -1.6% 0.65% −0.04
META Meta Platforms Inc. Class A Reduce -0.7% 0.20% −0.03
VST Vistra Corp. Reduce -2.9% 0.31% −0.02
CHRW C.H. Robinson Worldwide Inc. Reduce -10.6% 0.24% −0.02
HD Home Depot Inc. Reduce -1.6% 0.44% −0.02
UPS United Parcel Service Class B Reduce -1.9% 0.46% −0.01
DFAT Dimensional US Target Value Reduce -4.5% 0.29% −0.01
HLT Hilton Worldwide Holdings Inc. Reduce -0.1% 0.42% −0.01
IVV iShares Core S&P 500 ETF Reduce -5.1% 0.21% −0.00
TSLA Tesla Inc. Reduce -0.9% 0.20% +0.00
SNPS Synopsys Inc. Reduce -0.1% 0.75% +0.01
ABBV Abbvie Inc. Reduce -0.5% 0.43% +0.02
JPM JPMorgan Chase & Co. Reduce -0.0% 2.68% +0.02
DB Deutsche Bank AG-Registered Reduce -0.1% 1.46% +0.04
R Ryder System Inc. Reduce -1.6% 0.42% +0.05
GOOG Alphabet Inc. Class C Reduce -0.4% 0.64% +0.06
AVGO Broadcom Inc. Reduce -0.9% 0.74% +0.06
GOOGL Alphabet Inc. Class A Reduce -0.1% 0.70% +0.08
NVDA Nvidia Corp. Reduce -1.9% 5.03% +0.09
AAPL Apple Inc. Reduce -1.1% 4.81% +0.10
UNH Unitedhealth Group Inc. Reduce -4.3% 0.44% +0.11

Portfolio Buys Q1 2026 → Q2 2026
VRT Vertiv Holdings Co. Class A New 2.44% +2.44
STT State Street Corp. Add +516.9% 1.65% +1.43
NBIS Nebius Group NV New 1.36% +1.36
AMG Affiliated Managers Group New 0.86% +0.86
GLW Corning Inc. New 0.85% +0.85
VSAT Viasat Inc. New 0.84% +0.84
PLXS Plexus Corp. New 0.65% +0.65
DELL Dell Technologies -C New 0.62% +0.62
FPS Forgent Power Solutions Class A New 0.52% +0.52
ATI Ati Inc. New 0.42% +0.42
FLEX Flex Ltd. New 0.42% +0.42
NTAP Netapp Inc. New 0.41% +0.41
MS Morgan Stanley New 0.39% +0.39
ROK Rockwell Automation Inc. New 0.37% +0.37
TXN Texas Instruments Inc. New 0.36% +0.36
CAT Caterpillar Inc. Add +101.7% 0.54% +0.34
MU Micron Technology Inc. New 0.31% +0.31
IREN Iren Ltd. New 0.30% +0.30
GS Goldman Sachs Group Inc. Add +0.4% 3.57% +0.29
STX Seagate Technology Holdings New 0.28% +0.28
CSCO Cisco Systems Inc. New 0.24% +0.24
SNDK Sandisk Corp. New 0.24% +0.24
VCTR Victory Capital Holding - A New 0.22% +0.22
AMAT Applied Materials Inc. New 0.21% +0.21
SPG Simon Property Group Inc. New 0.19% +0.19
CASY Casey's General Stores Inc. New 0.19% +0.19
WDC Western Digital Corp. New 0.19% +0.19
FPX First Trust US Equity Opport New 0.18% +0.18
V Visa Inc. Class A New 0.18% +0.18
ITRN Ituran Location and Control New 0.18% +0.18
AMGN Amgen Inc. New 0.17% +0.17
ASML ASML Holding NV-NY Reg SHS Add +0.6% 0.59% +0.16
ETN Eaton Corp. PLC Add +1.1% 1.72% +0.14
GHC Graham Holdings Co. Class B Add +26.4% 0.59% +0.11
IBKR Interactive Brokers Gro Class A Add +0.0% 0.59% +0.09
CB Chubb Ltd. Add +20.0% 0.72% +0.09
AMZN Amazon.com Inc. Add +2.5% 1.40% +0.08
WM Waste Management Inc. New 0.06% +0.06
CAH Cardinal Health Inc. Add +8.2% 0.53% +0.05
DFAU Dimensional US Core Equity M Add +8.6% 0.36% +0.04
IBM Intl Business Machines Corp. Add +9.7% 0.29% +0.04
EBAY eBay Inc. Add +0.6% 0.30% +0.03
AXP American Express Co. Add +1.5% 1.10% +0.03
DFAI Dimensional International Co. Add +17.1% 0.23% +0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +0.4% 1.00% +0.02
VB Vanguard Most SM-Cap ETF-Usd Add +0.4% 0.30% +0.01
VTI VG Morningstar TS MKT ETF-US Add +0.3% 0.23% +0.01
TGT Target Corp. Add +2.4% 0.43% −0.00
DGRO iShares Core Dividend Growth Add +0.7% 0.20% −0.00
JNJ Johnson & Johnson Add +3.7% 0.59% −0.02

Options Activity Q1 2026 → Q2 2026
KHC The Kraft Heinz Co. call New 10,000 $236K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 112$118.9MNVDA, AAPL, LRCX, BRK.B, GS
Q1 2026 97$107.6MCLS, PLTR, NVDA, AAPL, BRK.B
Q4 2025 100$104.3MPLTR, NVDA, AAPL, BRK.B, FDS