GAMMA Investing LLC

In its 13F for Q3 2026 (holdings as of September 30, 2026, filed October 8, 2026), GAMMA Investing LLC reported 4,316 stock positions worth $3.0 billion. Its top holding was Nvidia (NVDA) at 5.8% of the portfolio, followed by Apple (AAPL, 5.2%) and Microsoft (MSFT, 4.0%). Compared with Q2 2026, it opened 306 new positions, sold out of 154, added to 2,880 and reduced 701. The biggest buy was Microsoft (MSFT, shares +16%) and the biggest sale an exit from Exxon Mobil (XOM).

Most Recent 13F
Q3 2026
Location
FOSTER CITY, CA
CIK
0002010235
Portfolio Value
$3.0B (Q3 2026)
SEC Filing
0002010235-26-000007 ↗ filed Oct 8, 2026

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $491.0M Q1 2024 Q2 2024: $733.8M Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $1.2B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.6B Q2 2025 Q3 2025: $1.8B Q3 2025 Q4 2025: $2.0B Q4 2025 Q1 2026: $2.1B Q1 2026 Q2 2026: $2.7B Q2 2026 Q3 2026: $3.0B $3.0B Q3 2026

Holdings 4,316 stocks · $3.0B

NVDA Nvidia Corp. 5.79% 749,074 $171.1M Add +9.8%
AAPL Apple Inc. 5.21% 461,999 $153.9M Add +10.7%
MSFT Microsoft Corp. 3.99% 230,099 $118.0M Add +15.6%
AMZN Amazon.com Inc. 2.44% 289,182 $72.0M Add +10.6%
GOOGL Alphabet Inc. Class A 2.21% 189,985 $65.4M Add +9.1%
AVGO Broadcom Inc. 1.87% 157,350 $55.3M Add +4.4%
GOOG Alphabet Inc. Class C 1.70% 147,309 $50.2M Add +8.8%
IEMG iShares Core MSCI Emerging 1.63% 595,263 $48.3M Add +11.7%
META Meta Platforms Inc. Class A 1.56% 63,449 $46.0M Add +13.3%
JPM JPMorgan Chase & Co. 1.39% 123,853 $41.0M Add +8.5%
MU Micron Technology Inc. 1.33% 36,827 $39.2M Add +8.8%
LLY Eli Lilly & Co. 1.11% 28,383 $32.8M Add +9.8%
AMD Advanced Micro Devices 0.94% 45,356 $27.7M Add +8.8%
BRK.B Berkshire Hathaway Inc. Class B 0.91% 54,069 $26.9M Add +11.7%
TSLA Tesla Inc. 0.87% 72,599 $25.8M Add +2.9%
SUB iShares Short-Term National 0.82% 230,745 $24.1M Add +4.0%
V Visa Inc. Class A 0.81% 66,520 $23.9M Add +10.0%
JNJ Johnson & Johnson 0.76% 84,832 $22.5M Add +8.0%
MUB iShares National Muni Bond E 0.76% 221,161 $22.4M Reduce -11.8%
XOM Exxonmobil Holdings Corp. 0.75% 135,832 $22.1M New
ABBV Abbvie Inc. 0.66% 75,060 $19.6M Add +10.4%
BIV Vanguard Intermediate-Term B 0.58% 235,555 $17.2M Reduce -21.2%
WMT Walmart Inc. 0.53% 149,412 $15.5M Add +2.2%
CSCO Cisco Systems Inc. 0.52% 143,105 $15.4M Add +0.5%
SPSB SS SPDR P St C Corp. ETF 0.51% 507,601 $15.0M Add +6.5%
MRK Merck & Co. Inc. 0.49% 100,519 $14.6M Add +5.8%
INTC Intel Corp. 0.49% 119,474 $14.4M Add +5.1%
LRCX Lam Research Corp. 0.48% 43,060 $14.1M Add +7.9%
MA Mastercard Inc. Class A 0.46% 24,890 $13.7M Add +10.2%
AMAT Applied Materials Inc. 0.45% 25,923 $13.3M Add +4.5%
CAT Caterpillar Inc. 0.43% 15,749 $12.8M Add +7.0%
KO The Coca-Cola Co. 0.43% 146,525 $12.6M Add +11.3%
CVX Chevron Corp. 0.40% 57,206 $11.7M Add +7.2%
PANW Palo Alto Networks Inc. 0.39% 29,037 $11.5M Add +7.2%
COST Costco Wholesale Corp. 0.38% 12,350 $11.2M Reduce -3.2%
UNH Unitedhealth Group Inc. 0.37% 29,681 $10.9M Reduce -1.1%
PLTR Palantir Technologies Inc. Class A 0.37% 58,170 $10.9M Add +28.7%
EWC iShares MSCI Canada ETF 0.37% 185,910 $10.9M Add +21.4%
APH Amphenol Corp. Class A 0.35% 121,334 $10.2M Add +10.5%
PM Philip Morris International 0.34% 53,168 $10.1M Add +8.5%
GE General Electric filed as GE AEROSPACE 0.34% 32,468 $10.1M Add +4.1%
SNDK Sandisk Corp. 0.34% 5,786 $10.1M Add +0.1%
BAC Bank of America Corp. 0.34% 184,012 $10.0M Add +4.9%
GS Goldman Sachs Group Inc. 0.33% 10,675 $9.6M Add +0.6%
PG The Procter & Gamble Co. 0.32% 64,339 $9.3M Add +6.8%
GEV GE Vernova Inc. 0.31% 9,787 $9.3M Add +4.8%
RTX RTX Corp. 0.31% 49,582 $9.2M Add +5.5%
HD Home Depot Inc. 0.31% 31,772 $9.0M Reduce -10.7%
GVI iShares Intermediate Governm 0.29% 84,277 $8.7M Add +283.4%
ANET Arista Networks Inc. 0.29% 42,000 $8.6M Add +17.7%
NFLX Netflix Inc. 0.29% 122,727 $8.5M Add +9.5%
AMGN Amgen Inc. 0.28% 19,951 $8.4M Add +8.5%
SHM SS SPDR N Ice St Muni ETF 0.28% 179,586 $8.4M Add +127.0%
TXN Texas Instruments Inc. 0.28% 29,697 $8.3M Add +11.3%
CRWD CrowdStrike Holdings Inc. Class A 0.28% 31,395 $8.3M Add +11.3%
MCHI iShares MSCI China ETF 0.28% 158,856 $8.3M Add +7.4%
KLAC KLA Corp. 0.27% 40,495 $7.9M Add +8.4%
MS Morgan Stanley 0.27% 41,646 $7.8M Add +5.1%
ETN Eaton Corp. PLC 0.26% 18,079 $7.8M Add +8.3%
TSM Taiwan Semiconductor-SP ADR 0.26% 17,006 $7.8M Add +5.7%
C Citigroup Inc. 0.26% 58,582 $7.6M Add +7.0%
ADI Analog Devices Inc. 0.25% 18,905 $7.5M Add +9.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.25% 9,787 $7.5M Add +3.7%
ADP Automatic Data Processing 0.24% 27,426 $7.1M Add +10.5%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.24% 3,881 $7.0M Add +10.9%
DELL Dell Technologies -C 0.23% 12,846 $6.9M Add +7.8%
ORCL Oracle Corp. 0.23% 49,150 $6.7M Reduce -6.0%
TMO Thermo Fisher Scientific Inc. 0.22% 9,821 $6.6M Add +10.7%
WFC Wells Fargo & Co. 0.22% 81,412 $6.5M Add +13.8%
DGRO iShares Core Dividend Growth 0.22% 86,238 $6.5M Add +1.3%
STX Seagate Technology Holdings 0.22% 6,988 $6.4M Add +5.7%
SCHW Schwab (charles) Corp. filed as CHARLES SCHWAB CORP (THE) 0.21% 64,965 $6.3M Add +16.4%
COP Conocophillips 0.21% 50,134 $6.3M Add +8.9%
IWF iShares Russell 1000 Growth 0.21% 49,808 $6.2M Add +4.7%
IVV iShares Core S&P 500 ETF 0.21% 8,106 $6.2M Add +3.1%
ABT Abbott Laboratories 0.21% 62,372 $6.2M Add +14.0%
VLO Valero Energy Corp. 0.20% 15,464 $6.0M Add +4.7%
BLK BlackRock Inc. 0.20% 5,663 $6.0M Add +5.2%
VCSH Vanguard S/T Corp. Bond ETF 0.20% 77,414 $6.0M Add +288.4%
MPC Marathon Petroleum Corp. 0.20% 15,098 $6.0M Add +5.2%
PEP Pepsico Inc. 0.20% 46,194 $5.9M Reduce -9.8%
GILD Gilead Sciences Inc. 0.19% 38,323 $5.7M Add +10.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.19% 25,910 $5.7M Reduce -9.9%
WDC Western Digital Corp. 0.19% 12,529 $5.7M Add +0.0%
QCOM Qualcomm Inc. 0.19% 30,633 $5.6M Add +9.1%
TFI SS SPDR N Ice Muni Bond ETF 0.19% 130,519 $5.6M Add +389.5%
FTNT Fortinet Inc. 0.18% 29,645 $5.3M Add +3.8%
T AT&T Inc. 0.18% 216,769 $5.3M Add +13.1%
DE Deere & Co. 0.18% 7,847 $5.3M Add +14.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.17% 23,637 $5.1M Add +3.4%
MRVL Marvell Technology Inc. 0.17% 18,942 $5.0M Add +19.7%
AXP American Express Co. 0.17% 16,418 $5.0M Add +2.5%
VZ Verizon Communications Inc. 0.17% 108,368 $5.0M Add +10.2%
TRV The Travelers Cos Inc. 0.17% 13,831 $4.9M Add +4.3%
UNP Union Pacific Corp. 0.17% 18,043 $4.9M Add +8.8%
COF Capital One Financial Corp. 0.16% 25,231 $4.9M Add +18.5%
IWD iShares Russell 1000 Value E 0.16% 19,565 $4.9M Add +2.8%
PH Parker Hannifin Corp. 0.16% 4,982 $4.8M Add +14.7%
PSX Phillips 66 0.16% 18,535 $4.7M Add +7.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.16% 35,474 $4.7M Reduce -7.3%

Show all 4,316 holdings

Other holdings (13): bonds, preferreds, convertibles and warrants · $168K (not counted above)
SecurityClassShares / PrincipalValueChange
HENOF Henkel AG & Co. Kgaa Vor-Pref Preferred 728$61KNo change
ARCH CAPITAL GROUP LTD (ACGL 4.55 PERP G) Common Stock 2,821$43KReduce -27.6%
PSNYW Polestar Auto Class C-1 ADS ADS CL C-1 7,418$32KNew
BANK OF AMERICA CORP (BAC 5.375 PERP KK) PFD 800$16KNo change
UNUM GROUP (UNM 6.25 06/15/58) PFD 400$9KNew
IBERF Iberdrola SA -RTS Common Stock 9,609$4KNew
LIBERTY LATIN AMERICAN (LILAK 9 PERP A) COM 71$1KAdd +73.2%
GME.WS Gamestop Corp. *W EXP 10/30/202 609$1KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 2$67No change
XRXDW Xerox Holdings Corp. *W EXP 02/11/202 88$24No change
GENVR Gen Digital Inc. - CVR RIGHT 99/99/9999 21$18No change
EOSER Eos Energy Enterprises I-RTS COM 2,442$16New
BBBYW Neighborhood Intell Inc. *W EXP 10/07/202 33$15New

Total filed on the 13F, all lines: $3.0B.

Portfolio Sells Q2 2026 → Q3 2026

XOM Exxon Mobil Corp. Sold out 0.00% −0.63
BIV Vanguard Intermediate-Term B Reduce -21.2% 0.58% −0.27
MUB iShares National Muni Bond E Reduce -11.8% 0.76% −0.25
HD Home Depot Inc. Reduce -10.7% 0.31% −0.16
IBM Intl Business Machines Corp. Reduce -9.9% 0.19% −0.11
UNH Unitedhealth Group Inc. Reduce -1.1% 0.37% −0.10
APP AppLovin Corp. Class A Reduce -44.4% 0.04% −0.09
EA Electronic Arts Inc. Sold out 0.00% −0.09
COST Costco Wholesale Corp. Reduce -3.2% 0.38% −0.06
PEP Pepsico Inc. Reduce -9.8% 0.20% −0.06
TJX TJX Companies Inc. Reduce -7.3% 0.16% −0.06
ORCL Oracle Corp. Reduce -6.0% 0.23% −0.06
OKE Oneok Inc. Sold out 0.00% −0.06
TOELY Tokyo Electron Ltd.-Unsp ADR Sold out 0.00% −0.06
MCD McDonald's Corp. Reduce -7.4% 0.14% −0.05
NEE Nextera Energy Inc. Reduce -1.2% 0.15% −0.04
CARR Carrier Global Corp. Reduce -11.3% 0.06% −0.04
LIN Linde PLC Reduce -4.4% 0.15% −0.04
MUNI PIMCO Intermediate Municipal Reduce -12.4% 0.12% −0.04
COHR Coherent Corp. Reduce -2.7% 0.07% −0.04
SYK Stryker Corp. Reduce -28.9% 0.05% −0.04
CIEN Ciena Corp. Reduce -2.6% 0.07% −0.04
RCL Royal Caribbean Cruises Ltd. Reduce -11.8% 0.08% −0.04
BA The Boeing Co. Reduce -9.6% 0.08% −0.03
CDNS Cadence Design SYS Inc. Reduce -4.7% 0.11% −0.03
VRT Vertiv Holdings Co. Class A Reduce -1.5% 0.06% −0.03
JBL Jabil Inc. Reduce -0.3% 0.06% −0.03
SO The Southern Co. Reduce -5.3% 0.08% −0.03
LOW Lowe's Cos Inc. Reduce -0.8% 0.08% −0.03
UPS United Parcel Service Class B Reduce -20.4% 0.04% −0.02
DUK Duke Energy Corp. Reduce -2.4% 0.10% −0.02
TT Trane Technologies PLC Reduce -0.5% 0.12% −0.02
SNPS Synopsys Inc. Reduce -20.9% 0.06% −0.02
FLEX Flex Ltd. Reduce -0.9% 0.04% −0.02
TPR Tapestry Inc. Reduce -2.5% 0.05% −0.02
FICO Fair Isaac Corp. Reduce -53.7% 0.01% −0.02
WM Waste Management Inc. Reduce -7.5% 0.07% −0.02
TTWO Take-Two Interactive Softwre Reduce -12.4% 0.04% −0.02
MTZ Mastec Inc. Reduce -12.5% 0.01% −0.02
QQQ Invesco QQQ Trust Series 1 Reduce -5.2% 0.13% −0.02
ODFL Old Dominion Freight Line Reduce -24.7% 0.02% −0.02
ETR Entergy Corp. Reduce -0.7% 0.07% −0.02
HONA Honeywell Aerospace Inc. Reduce -6.4% 0.03% −0.02
SRE Sempra Reduce -1.9% 0.05% −0.02
DTE DTE Energy Company Reduce -7.3% 0.04% −0.02
Q Qnity Electronics Inc. Reduce -2.0% 0.04% −0.02
CHRW C.H. Robinson Worldwide Inc. Reduce -4.7% 0.04% −0.02
CL Colgate-Palmolive Co. Reduce -0.5% 0.09% −0.02
WBS Webster Financial Corp. Sold out 0.00% −0.02
KMB Kimberly-Clark Corp. Reduce -11.9% 0.04% −0.02

Portfolio Buys Q2 2026 → Q3 2026

MSFT Microsoft Corp. Add +15.6% 3.99% +1.23
XOM Exxonmobil Holdings Corp. New 0.75% +0.75
AAPL Apple Inc. Add +10.7% 5.21% +0.71
NVDA Nvidia Corp. Add +9.8% 5.79% +0.71
META Meta Platforms Inc. Class A Add +13.3% 1.56% +0.38
GVI iShares Intermediate Governm Add +283.4% 0.29% +0.21
PLTR Palantir Technologies Inc. Class A Add +28.7% 0.37% +0.17
VCSH Vanguard S/T Corp. Bond ETF Add +288.4% 0.20% +0.14
TFI SS SPDR N Ice Muni Bond ETF Add +389.5% 0.19% +0.14
SHM SS SPDR N Ice St Muni ETF Add +127.0% 0.28% +0.14
AMZN Amazon.com Inc. Add +10.6% 2.44% +0.12
CRWD CrowdStrike Holdings Inc. Class A Add +11.3% 0.28% +0.08
MRNA Moderna Inc. Add +11.4% 0.11% +0.07
CVX Chevron Corp. Add +7.2% 0.40% +0.07
MPC Marathon Petroleum Corp. Add +5.2% 0.20% +0.07
CRM Salesforce Inc. Add +30.4% 0.15% +0.06
ANET Arista Networks Inc. Add +17.7% 0.29% +0.06
VLO Valero Energy Corp. Add +4.7% 0.20% +0.06
TMO Thermo Fisher Scientific Inc. Add +10.7% 0.22% +0.06
OKE Oneok Inc. New 0.06% +0.06
PSX Phillips 66 Add +7.7% 0.16% +0.05
ACN Accenture PLC Class A Add +34.4% 0.11% +0.05
PANW Palo Alto Networks Inc. Add +7.2% 0.39% +0.05
NOW ServiceNow Inc. Add +21.7% 0.13% +0.04
DELL Dell Technologies -C Add +7.8% 0.23% +0.04
TELWY Tokyo Electron Ltd.-SP ADR New 0.04% +0.04
MRK Merck & Co. Inc. Add +5.8% 0.49% +0.04
EWC iShares MSCI Canada ETF Add +21.4% 0.37% +0.04
AMD Advanced Micro Devices Add +8.8% 0.94% +0.04
V Visa Inc. Class A Add +10.0% 0.81% +0.04
AMGN Amgen Inc. Add +8.5% 0.28% +0.04
VEEV Veeva Systems Inc. Class A Add +33.1% 0.07% +0.04
COP Conocophillips Add +8.9% 0.21% +0.03
MA Mastercard Inc. Class A Add +10.2% 0.46% +0.03
ADP Automatic Data Processing Add +10.5% 0.24% +0.03
T AT&T Inc. Add +13.1% 0.18% +0.03
GILD Gilead Sciences Inc. Add +10.3% 0.19% +0.03
NEM Newmont Corp. Add +13.4% 0.13% +0.03
KO The Coca-Cola Co. Add +11.3% 0.43% +0.03
ABBV Abbvie Inc. Add +10.4% 0.66% +0.03
PFE Pfizer Inc. Add +25.2% 0.10% +0.03
DHR Danaher Corp. Add +22.6% 0.11% +0.03
P Everpure Inc. Class A Add +30.4% 0.05% +0.03
HPE Hewlett Packard Enterprise Add +14.4% 0.08% +0.03
A Agilent Technologies Inc. Add +25.9% 0.08% +0.02
ABT Abbott Laboratories Add +14.0% 0.21% +0.02
SCHW Schwab (charles) Corp. Add +16.4% 0.21% +0.02
KEYS Keysight Technologies Inc. Add +28.9% 0.12% +0.02
CAKE The Cheesecake Factory Inc. Add +67.6% 0.04% +0.02
COIN Coinbase Global Inc. Class A Add +94.1% 0.04% +0.02

Notes & Other Activity Q2 2026 → Q3 2026

ARCH CAPITAL GROUP LTD (ACGL 4.55 PERP G) Common Stock Reduce -27.6% 2,821 $43K
PSNYW Polestar Auto Class C-1 ADS ADS CL C-1 New 7,418 $32K
UNUM GROUP (UNM 6.25 06/15/58) PFD New 400 $9K
IBERF Iberdrola SA -RTS Common Stock New 9,609 $4K
LIBERTY LATIN AMERICAN (LILAK 9 PERP A) COM Add +73.2% 71 $1K
EOSER Eos Energy Enterprises I-RTS COM New 2,442 $16
BBBYW Neighborhood Intell Inc. *W EXP 10/07/202 New 33 $15
LEHMAN BRO HLD CP TR V (LEH 6 04/22/53 M) Preferred Sold out 133 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2026 4,316$3.0BNVDA, AAPL, MSFT, AMZN, GOOGL
Q2 2026 4,164$2.7BNVDA, AAPL, MSFT, AMZN, GOOGL
Q1 2026 4,103$2.1BNVDA, AAPL, MSFT, AMZN, GOOGL
Q4 2025 4,088$2.0BNVDA, AAPL, MSFT, AMZN, AVGO
Q3 2025 3,868$1.8BNVDA, MSFT, AAPL, AMZN, AVGO
Q2 2025 3,764$1.6BNVDA, MSFT, AAPL, AMZN, META
Q1 2025Amended 3,791$1.3BAAPL, NVDA, MSFT, AMZN, JPM
Q4 2024 3,774$1.2BAAPL, NVDA, MSFT, AMZN, AVGO
Q3 2024 3,572$1.0BAAPL, MSFT, NVDA, AMZN, META
Q2 2024 3,460$733.8MMSFT, NVDA, AAPL, AMZN, JPM
Q1 2024 3,320$491.0MMSFT, NVDA, AAPL, AMZN, JPM