Cunning Capital Partners, LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Cunning Capital Partners, LP reported 55 stock positions worth $215.8 million. Its top holding was AppLovin Class A (APP) at 9.3% of the portfolio, followed by Nvidia (NVDA, 8.6%) and Celestica (CLS, 4.6%). Compared with Q2 2025, it opened 4 new positions, sold out of 4, added to 1 and reduced 3. The biggest buy was a new position in Robinhood Markets Class A (HOOD) and the biggest sale an exit from Marvell Technology (MRVL).

Most Recent 13F
Q2 2026
Location
MORRISVILLE, NC
CIK
0001571075
Portfolio Value
$215.8M (Q3 2025)
SEC Filing
0001571075-25-000005 ↗ filed Nov 13, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $180.8M Q1 2024 Q2 2024: $178.6M Q2 2024 Q3 2024: $191.4M Q3 2024 Q4 2024: $166.8M Q4 2024 Q1 2025: $156.9M Q1 2025 Q2 2025: $191.9M Q2 2025 Q3 2025: $215.8M $215.8M Q3 2025 Q4 2025: $216.1M Q4 2025 Q1 2026: $196.5M Q1 2026 Q2 2026: $247.8M Q2 2026

Holdings 55 stocks · $215.8M
APP AppLovin Corp. Class A 9.33% 28,037 $20.1M Reduce -16.3%
NVDA Nvidia Corp. 8.60% 99,478 $18.6M No change
CLS Celestica Inc. 4.57% 40,047 $9.9M Reduce -23.2%
META Meta Platforms Inc. Class A 4.10% 12,036 $8.8M No change
KLAC KLA Corp. 3.95% 7,905 $8.5M No change
AVGO Broadcom Inc. 3.69% 24,151 $8.0M No change
MS Morgan Stanley 3.37% 45,796 $7.3M Reduce -21.8%
GOOG Alphabet Inc. Class C 3.14% 27,800 $6.8M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.99% 22,844 $6.4M No change
TPR Tapestry Inc. 2.64% 50,261 $5.7M No change
NFLX Netflix Inc. 2.22% 3,997 $4.8M No change
WSM Williams-Sonoma Inc. 2.16% 23,863 $4.7M No change
AMD Advanced Micro Devices 2.08% 27,750 $4.5M No change
HCA HCA Healthcare Inc. 2.07% 10,470 $4.5M No change
ORCL Oracle Corp. 2.03% 15,541 $4.4M No change
NRG NRG Energy Inc. 2.00% 26,632 $4.3M No change
URI United Rentals Inc. 1.94% 4,390 $4.2M No change
PWR Quanta Services Inc. 1.70% 8,839 $3.7M No change
CEG Constellation Energy 1.66% 10,887 $3.6M No change
AXP American Express Co. 1.54% 10,012 $3.3M No change
WFC Wells Fargo & Co. 1.49% 38,454 $3.2M No change
AMZN Amazon.com Inc. 1.47% 14,440 $3.2M No change
SERVICENOW INC 1.45% 3,405 $3.1M No change
PLTR Palantir Technologies Inc. Class A 1.44% 17,000 $3.1M No change
CAH Cardinal Health Inc. 1.38% 19,031 $3.0M No change
AN Autonation Inc. 1.29% 12,777 $2.8M No change
DELL Dell Technologies -C 1.23% 18,750 $2.7M No change
UHS Universal Health Services-B 1.19% 12,528 $2.6M No change
TMUS T-Mobile US Inc. 1.18% 10,609 $2.5M No change
MSFT Microsoft Corp. 1.17% 4,862 $2.5M No change
SPG Simon Property Group Inc. 1.15% 13,189 $2.5M No change
MCK McKesson Corp. 1.12% 3,137 $2.4M No change
HOOD Robinhood Markets Inc. Class A 1.10% 16,600 $2.4M New
HIG Hartford Insurance Group Inc. 1.09% 17,698 $2.4M No change
PGR Progressive Corp. 1.07% 9,311 $2.3M No change
VEEV Veeva Systems Inc. Class A 1.06% 7,671 $2.3M No change
SAP Sap SE-Sponsored ADR 1.04% 8,407 $2.2M No change
AAPL Apple Inc. 1.02% 8,640 $2.2M No change
FLOT iShares Floating Rate Bond E 1.02% 43,000 $2.2M No change
CRWD CrowdStrike Holdings Inc. Class A 0.95% 4,200 $2.1M No change
JBL Jabil Inc. 0.93% 9,270 $2.0M New
HRB H&R Block Inc. filed as BLOCK H & R INC 0.88% 37,360 $1.9M No change
CARR Carrier Global Corp. 0.87% 31,613 $1.9M No change
AXON Axon Enterprise Inc. 0.87% 2,627 $1.9M New
LLY Eli Lilly & Co. 0.83% 2,342 $1.8M No change
CB Chubb Ltd. 0.81% 6,229 $1.8M No change
RDDT Reddit Inc. Class A 0.80% 7,550 $1.7M New
BLDR Builders Firstsource Inc. 0.78% 13,970 $1.7M No change
CVX Chevron Corp. 0.75% 10,435 $1.6M No change
CPAY Corpay Inc. 0.72% 5,399 $1.6M No change
VCIT Vanguard Int-Term Corporate 0.63% 16,200 $1.4M No change
CI The Cigna Group 0.62% 4,643 $1.3M No change
SHV iShares 0-1 Year Treasury Bo 0.51% 10,000 $1.1M No change
PFF iShares Preferred & Income S 0.15% 10,500 $332K Add +31.3%
VCSH Vanguard S/T Corp. Bond ETF 0.14% 3,850 $308K No change

Portfolio Sells Q2 2025 → Q3 2025
MRVL Marvell Technology Inc. Sold out 0.00% −1.00
LOW Lowe's Cos Inc. Sold out 0.00% −0.94
MS Morgan Stanley Reduce -21.8% 3.37% −0.92
CRM Salesforce Inc. Sold out 0.00% −0.73
IT Gartner Inc. Sold out 0.00% −0.68
CLS Celestica Inc. Reduce -23.2% 4.57% +0.33
APP AppLovin Corp. Class A Reduce -16.3% 9.33% +3.22

Portfolio Buys Q2 2025 → Q3 2025
HOOD Robinhood Markets Inc. Class A New 1.10% +1.10
JBL Jabil Inc. New 0.93% +0.93
AXON Axon Enterprise Inc. New 0.87% +0.87
RDDT Reddit Inc. Class A New 0.80% +0.80
PFF iShares Preferred & Income S Add +31.3% 0.15% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 55$247.8MKLAC, NVDA, AMD, CLS, APP
Q1 2026 56$196.5MNVDA, KLAC, CLS, APP, GOOG
Q4 2025 56$216.1MAPP, NVDA, CLS, KLAC, GOOG
Q3 2025 55$215.8MAPP, NVDA, CLS, META, KLAC
Q2 2025 55$191.9MNVDA, APP, META, MS, CLS
Q1 2025 54$156.9MNVDA, APP, META, MS, IBM
Q4 2024 54$166.8MNVDA, APP, MS, META, AVGO
Q3 2024 77$191.4MNVDA, META, KLAC, MS, IBM
Q2 2024 80$178.6MNVDA, KLAC, META, MS, GOOG
Q1 2024 82$180.8MNVDA, META, KLAC, MS, AMD