Connective Capital Management, LLC In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Connective Capital Management, LLC reported 33 stock positions worth $107.7 million . Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 32.7% of the portfolio, followed by Intuitive Surgical (ISRG, 10.3% ) and Microsoft (MSFT, 5.8% ). Compared with Q2 2024, it opened 18 new positions, sold out of 12, added to 8 and reduced 3. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +3847% ) and the biggest sale ASML Holding NV-NY Reg SHS (ASML, shares −25% ).
Location PALO ALTO, CA
CIK 0001543568
Portfolio Value $107.7M (Q3 2024) Holdings 33 stocks · $107.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2024 QQQ Invesco QQQ Trust Series 1 72,741 $35.2M Add +3846.9% ISRG Intuitive Surgical Inc. 21,929 $11.0M Add +204.7% MSFT Microsoft Corp. 15,420 $6.3M Add +3.9% GLNG Golar LNG Ltd. 171,420 $6.2M New AAPL Apple Inc. 25,295 $5.7M No change QLD Proshares Ultra QQQ 52,959 $5.2M No change AMZN Amazon.com Inc. 21,140 $3.9M Add +16.6% IWO iShares Russell 2000 Growth 13,453 $3.8M No change GOOGL Alphabet Inc. Class A 17,818 $3.0M No change META Meta Platforms Inc. Class A 4,985 $2.8M Add +31.4% CCJ Cameco Corp. 52,472 $2.7M Add +73.2% MELI MercadoLibre Inc. 1,237 $2.5M Reduce -13.3% COST Costco Wholesale Corp. 2,571 $2.2M New NVDA Nvidia Corp. 16,412 $2.2M New IWC iShares Micro-Cap ETF 16,963 $2.1M Add +66.0% ASML ASML Holding NV-NY Reg SHS 2,887 $1.9M Reduce -24.7% ANSS Ansys Inc. 5,137 $1.6M Reduce -40.7% IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 7,400 $1.5M New LYFT LYFT Inc. Class A 85,399 $1.1M New IBKR Interactive Brokers Gro Class A 7,115 $1.1M New ZG Zillow Group Inc. Class A 18,415 $1.1M New CRWD CrowdStrike Holdings Inc. Class A 3,399 $1.0M New BWXT BWX Technologies Inc. 4,502 $548K New ACMR Acm Research Inc. Class A 27,562 $518K Add +96.5% ABEO Abeona Therapeutics Inc. 74,913 $480K New UAMY United States Antimony Corp. 593,539 $368K New TWI Titan International Inc. 55,062 $355K New BYRN Byrna Technologies Inc. 24,156 $348K New SCPH Scpharmaceuticals Inc. 79,593 $330K New EU Encore Energy Corp. 60,000 $235K New YCBD Cbdmd Inc. 89,215 $46K New ALP Alpha Compute Corp. filed as PORTAGE BIOTECH INC 7,909 $45K New CALC Calcimedica Inc. 10,000 $37K New
Options reported separately and not counted above: CAMECO CORP calls ($2.6M).
Other holdings (4): bonds, preferreds, convertibles and warrants · $2K (not counted above) Security Class Shares / Principal Value Change MOBXW Chavrant Capital Acq -CW23 *W EXP 12/21/202 22,397 $2K No change ABVWF Above Food Ingredients- 29 *W EXP 06/28/202 24,999 $617 New NBSTW Newbury Street Acq -CW27 *W EXP 04/30/202 10,498 $105 No change SURGW Surgepays Inc. -CW24 *W EXP 10/22/202 9,529 $77 No change
Total filed on the 13F, all lines: $107.7M.
Portfolio Sells Q2 2024 → Q3 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▲ ASML ASML Holding NV-NY Reg SHS Reduce -24.7% 1.80% −5.57 ANSS Ansys Inc. Reduce -40.7% 1.53% −3.71 TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −2.80 CRM Salesforce Inc. Sold out 0.00% −2.40 SHOP Shopify Inc. Class A Sold out 0.00% −2.19 MELI MercadoLibre Inc. Reduce -13.3% 2.34% −2.07 WDC Western Digital Corp. Sold out 0.00% −1.95 NXE Nexgen Energy Ltd. Sold out 0.00% −1.00 DNN Denison Mines Corp. Sold out 0.00% −0.99 HGBL Heritage Global Inc. Sold out 0.00% −0.96 LFMD Lifemd Inc. Sold out 0.00% −0.68 AAOI Applied Optoelectronics Inc. Sold out 0.00% −0.47 FTHM Fathom Holdings Inc. Sold out 0.00% −0.40 MULTISENSOR AI HOLDINGS INC Sold out 0.00% −0.26 SWVL SWVL Holdings Corp. Sold out 0.00% −0.23
Portfolio Buys Q2 2024 → Q3 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▼ QQQ Invesco QQQ Trust Series 1 Add +3846.9% 32.67% +31.01 GLNG Golar LNG Ltd. New 5.77% +5.77 ISRG Intuitive Surgical Inc. Add +204.7% 10.26% +4.24 COST Costco Wholesale Corp. New 2.09% +2.09 NVDA Nvidia Corp. New 2.02% +2.02 IBM Intl Business Machines Corp. New 1.42% +1.42 LYFT LYFT Inc. Class A New 1.03% +1.03 IBKR Interactive Brokers Gro Class A New 1.01% +1.01 ZG Zillow Group Inc. Class A New 0.99% +0.99 CRWD CrowdStrike Holdings Inc. Class A New 0.94% +0.94 BWXT BWX Technologies Inc. New 0.51% +0.51 ABEO Abeona Therapeutics Inc. New 0.45% +0.45 UAMY United States Antimony Corp. New 0.34% +0.34 TWI Titan International Inc. New 0.33% +0.33 BYRN Byrna Technologies Inc. New 0.32% +0.32 SCPH Scpharmaceuticals Inc. New 0.31% +0.31 EU Encore Energy Corp. New 0.22% +0.22 YCBD Cbdmd Inc. New 0.04% +0.04 ALP Alpha Compute Corp. New 0.04% +0.04 CALC Calcimedica Inc. New 0.03% +0.03 ACMR Acm Research Inc. Class A Add +96.5% 0.48% −0.13 IWC iShares Micro-Cap ETF Add +66.0% 1.95% −0.24 CCJ Cameco Corp. Add +73.2% 2.54% −0.26 META Meta Platforms Inc. Class A Add +31.4% 2.63% −0.97 AMZN Amazon.com Inc. Add +16.6% 3.66% −2.93 MSFT Microsoft Corp. Add +3.9% 5.82% −6.66
Notes & Other Activity Q2 2024 → Q3 2024 Security Class Change vs Q2 2024 Shares / Principal Value ▼ BITE.WS Bite Acquisition Corp. -CW27 *W EXP 02/12/203 Sold out 24,999 $1Kbefore exit ABVWF Above Food Ingredients- 29 *W EXP 06/28/202 New 24,999 $617
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 66 $141.9M QQQ, QLD, ISRG, AMD, TSM Q1 2026 62 $121.1M QQQ, ISRG, QLD, MSFT, AAPL Q4 2025 53 $170.2M VOO, QQQ, ISRG, QLD, MSFT Q3 2025 69 $108.9M QQQ, ISRG, AVGO, MSFT, QLD Q2 2025 46 $107.0M ISRG, QQQ, MSFT, AVGO, QLD Q1 2025 43 $108.6M QQQ, ISRG, SPY, MSFT, QLD Q4 2024 64 $85.8M ISRG, GLNG, MSFT, AAPL, QLD Q3 2024 33 $107.7M QQQ, ISRG, MSFT, GLNG, AAPL Q2 2024 Amended 27 $53.2M MSFT, AAPL, QLD, ASML, IWO Q1 2024 Amended 20 $63.4M ISRG, MSFT, IWM, AAPL, QLD