Kennicott Capital Management LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 20, 2026), Kennicott Capital Management LLC reported 46 stock positions worth $183.1 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 19.3% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 13.8%) and Vngrd Mrgstr LRG-Cap ETF-Usd (VV, 11.5%). Compared with Q4 2025, it opened 2 new positions, sold out of 3, added to 1 and reduced 22. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +6%) and the biggest sale an exit from Vanguard Consumer Discre ETF (VCR).

Most Recent 13F
Q2 2026
Location
LARKSPUR, CA
CIK
0001863265
Portfolio Value
$183.1M (Q1 2026)
SEC Filing
0001754960-26-000275 ↗ filed Apr 20, 2026

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $226.1M Q1 2024 Q2 2024: $240.5M Q2 2024 Q3 2024: $260.7M Q3 2024 Q4 2024: $194.5M Q4 2024 Q1 2025: $153.3M Q1 2025 Q2 2025: $175.3M Q2 2025 Q3 2025: $207.2M Q3 2025 Q4 2025: $206.2M Q4 2025 Q1 2026: $183.1M $183.1M Q1 2026 Q2 2026: $215.9M Q2 2026

Holdings 46 stocks · $183.1M
QQQ Invesco QQQ Trust Series 1 19.27% 61,118 $35.3M Reduce -0.6%
VUG Vanguard Mrngstar GR ETF-Sui 13.80% 57,840 $25.3M Reduce -3.0%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 11.54% 70,707 $21.1M Reduce -2.5%
SPY SS SPDR S&P 500 ETF Trust-US 8.76% 24,655 $16.0M Reduce -9.0%
SGOV iShares 0-3 Month Treasury B 8.65% 157,348 $15.8M Add +6.5%
XLK SS Technology Select Sector 5.58% 76,847 $10.2M Reduce -0.1%
IVV iShares Core S&P 500 ETF 3.08% 8,643 $5.6M Reduce -0.5%
XLI SS Industrial Select Sector 2.95% 33,397 $5.4M Reduce -17.2%
XLV SS Health Care Select Sector 2.62% 32,681 $4.8M Reduce -24.2%
XLY SS Consumer Disc Select Sect 2.25% 37,729 $4.1M Reduce -1.3%
XLF SS Financial Select Sector 1.71% 63,282 $3.1M Reduce -24.7%
VTV Vanguard Mrngstr Val ETF-Aui 1.64% 15,343 $3.0M Reduce -12.7%
AAPL Apple Inc. 1.64% 11,808 $3.0M No change
RSP Invesco S&P 500 Equal Weight 1.56% 14,908 $2.9M Reduce -27.5%
VTI VG Morningstar TS MKT ETF-US 1.47% 8,379 $2.7M Reduce -2.7%
RSPT Invesco S&P 500 Equal Weight 1.42% 57,354 $2.6M Reduce -19.7%
XLP SS Consumer Staples Sel Sect 1.17% 26,096 $2.1M Reduce -0.4%
IYF iShares US Financials ETF 1.06% 16,428 $1.9M Reduce -7.0%
NVDA Nvidia Corp. 0.93% 9,730 $1.7M No change
QQQM Invesco Nasdaq 100 ETF 0.81% 6,266 $1.5M Reduce -12.0%
RBLX Roblox Corp. Class A 0.77% 24,926 $1.4M No change
IYH iShares U.S. Healthcare ETF 0.70% 20,910 $1.3M No change
VB Vanguard Most SM-Cap ETF-Usd 0.70% 4,895 $1.3M Reduce -5.5%
IYJ iShares U.S. Industrials ETF 0.65% 8,055 $1.2M No change
VFH Vanguard Financials ETF 0.41% 6,150 $743K Reduce -60.8%
GOOGL Alphabet Inc. Class A 0.41% 2,580 $742K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.41% 2,454 $742K Reduce -9.2%
IWO iShares Russell 2000 Growth 0.38% 2,216 $695K No change
VOO Vanguard S&P 500 ETF 0.37% 1,148 $686K New
AMZN Amazon.com Inc. 0.32% 2,795 $582K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.30% 1,925 $553K No change
LRCX Lam Research Corp. 0.28% 2,400 $513K No change
VIS Vanguard Industrials ETF 0.28% 1,624 $507K No change
STWD Starwood Property Trust Inc. 0.26% 27,240 $469K No change
DOCS Doximity Inc. Class A 0.25% 20,000 $466K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.24% 1,739 $448K No change
META Meta Platforms Inc. Class A 0.21% 669 $383K No change
IVW iShares S&P 500 Growth ETF 0.17% 2,724 $308K No change
MSFT Microsoft Corp. 0.15% 755 $279K No change
GOOG Alphabet Inc. Class C 0.15% 960 $275K No change
IWM iShares Russell 2000 ETF 0.15% 1,083 $269K No change
UBER Uber Technologies Inc. 0.14% 3,675 $264K No change
AVGO Broadcom Inc. 0.12% 730 $226K No change
XLC SS Comm Select Sector SPDR 0.12% 2,022 $224K Reduce -2.6%
CIM Chimera Investment Corp. 0.11% 15,838 $199K New
NAD Nuveen Quality Municipal Inc. 0.07% 10,417 $120K Reduce -0.0%

Portfolio Sells Q4 2025 → Q1 2026
VCR Vanguard Consumer Discre ETF Sold out 0.00% −0.82
XLV SS Health Care Select Sector Reduce -24.2% 2.62% −0.62
VFH Vanguard Financials ETF Reduce -60.8% 0.41% −0.61
XLF SS Financial Select Sector Reduce -24.7% 1.71% −0.53
RSP Invesco S&P 500 Equal Weight Reduce -27.5% 1.56% −0.35
BXMT Blackstone Mortgage Tru Class A Sold out 0.00% −0.34
VUG Vanguard Mrngstar GR ETF-Sui Reduce -3.0% 13.80% −0.31
SPY SS SPDR S&P 500 ETF Trust-US Reduce -9.0% 8.76% −0.20
RSPT Invesco S&P 500 Equal Weight Reduce -19.7% 1.42% −0.16
VOE Vngrd Mrngstr MD-Cap Val ETF Sold out 0.00% −0.10
XLI SS Industrial Select Sector Reduce -17.2% 2.95% −0.08
QQQM Invesco Nasdaq 100 ETF Reduce -12.0% 0.81% −0.06
IYF iShares US Financials ETF Reduce -7.0% 1.06% −0.05
XLC SS Comm Select Sector SPDR Reduce -2.6% 0.12% +0.00
NAD Nuveen Quality Municipal Inc. Reduce -0.0% 0.07% +0.00
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -9.2% 0.41% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Reduce -12.7% 1.64% +0.02
XLY SS Consumer Disc Select Sect Reduce -1.3% 2.25% +0.03
VB Vanguard Most SM-Cap ETF-Usd Reduce -5.5% 0.70% +0.05
VTI VG Morningstar TS MKT ETF-US Reduce -2.7% 1.47% +0.07
XLP SS Consumer Staples Sel Sect Reduce -0.4% 1.17% +0.18
IVV iShares Core S&P 500 ETF Reduce -0.5% 3.08% +0.20
XLK SS Technology Select Sector Reduce -0.1% 5.58% +0.21
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -2.5% 11.54% +0.47
QQQ Invesco QQQ Trust Series 1 Reduce -0.6% 19.27% +0.96

Portfolio Buys Q4 2025 → Q1 2026
SGOV iShares 0-3 Month Treasury B Add +6.5% 8.65% +1.46
VOO Vanguard S&P 500 ETF New 0.37% +0.37
CIM Chimera Investment Corp. New 0.11% +0.11

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 46$215.9MQQQ, VV, VUG, SPY, SGOV
Q1 2026 46$183.1MQQQ, VUG, VV, SPY, SGOV
Q4 2025 47$206.2MQQQ, VUG, VV, SPY, SGOV
Q3 2025 49$207.2MQQQ, VUG, VV, SGOV, SPY
Q2 2025 49$175.3MQQQ, VUG, VV, SPY, XLK
Q1 2025 42$153.3MQQQ, VV, SPY, VUG, XLK
Q4 2024 41$194.5MQQQ, SPY, VV, RBLX, VUG
Q3 2024 44$260.7MSPY, QQQ, VV, VUG, RBLX
Q2 2024 41$240.5MSPY, QQQ, VV, VUG, RBLX
Q1 2024 42$226.1MSPY, QQQ, VV, VUG, RBLX