KP Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), KP Management LLC reported 54 stock positions worth $321.0 million. Its top holding was Nvidia (NVDA) at 5.4% of the portfolio, followed by Apple (AAPL, 4.0%) and Microsoft (MSFT, 4.0%). Compared with Q3 2025, it opened 9 new positions, sold out of 8, added to 7 and reduced 4. The biggest buy was a new position in Lumentum (LITE) and the biggest sale an exit from AppLovin Class A (APP).

Most Recent 13F
Q2 2026
Location
Edina, MN
CIK
0002036769
Portfolio Value
$321.0M (Q4 2025)
SEC Filing
0000929638-26-000645 ↗ filed Feb 17, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $232.9M Q1 2024 Q2 2024: $265.6M Q2 2024 Q3 2024: $283.9M Q3 2024 Q4 2024: $284.7M Q4 2024 Q1 2025: $260.5M Q1 2025 Q2 2025: $246.9M Q2 2025 Q3 2025: $285.4M Q3 2025 Q4 2025: $321.0M $321.0M Q4 2025 Q1 2026: $349.3M Q1 2026 Q2 2026: $477.4M Q2 2026

Holdings 54 stocks · $321.0M
NVDA Nvidia Corp. 5.37% 92,500 $17.3M No change
AAPL Apple Inc. 4.02% 47,500 $12.9M Add +18.8%
MSFT Microsoft Corp. 3.99% 26,500 $12.8M Add +96.3%
TSM Taiwan Semiconductor-SP ADR 3.79% 40,000 $12.2M Add +14.3%
AVGO Broadcom Inc. 3.77% 35,000 $12.1M Reduce -7.9%
GOOGL Alphabet Inc. Class A 3.46% 35,500 $11.1M No change
ASML ASML Holding NV-NY Reg SHS 3.25% 9,750 $10.4M No change
HEI Heico Corp. 2.90% 28,750 $9.3M No change
AMZN Amazon.com Inc. 2.80% 39,000 $9.0M No change
APH Amphenol Corp. Class A 2.63% 62,500 $8.4M No change
GEV GE Vernova Inc. 2.47% 12,125 $7.9M No change
SHW The Sherwin-Williams Co. 2.42% 24,000 $7.8M No change
SNPS Synopsys Inc. 2.30% 15,750 $7.4M Reduce -7.3%
LITE Lumentum Holdings Inc. 2.30% 20,000 $7.4M New
TSEM Tower Semiconductor Ltd. 2.23% 61,035 $7.2M No change
TDG Transdigm Group Inc. 2.07% 5,000 $6.6M Add +17.6%
MA Mastercard Inc. Class A 2.05% 11,500 $6.6M No change
WWD Woodward Inc. 1.93% 20,500 $6.2M No change
ORLY O'reilly Automotive Inc. 1.92% 67,500 $6.2M No change
V Visa Inc. Class A 1.91% 17,500 $6.1M No change
CDNS Cadence Design SYS Inc. 1.85% 19,000 $5.9M No change
TEL Te Connectivity PLC 1.84% 26,000 $5.9M New
BA The Boeing Co. 1.83% 27,000 $5.9M No change
TMO Thermo Fisher Scientific Inc. 1.81% 10,000 $5.8M No change
COST Costco Wholesale Corp. 1.75% 6,500 $5.6M Reduce -7.1%
NET Cloudflare Inc. Class A 1.71% 27,786 $5.5M No change
KLAC KLA Corp. 1.70% 4,500 $5.5M No change
JPM JPMorgan Chase & Co. 1.66% 16,527 $5.3M No change
PH Parker Hannifin Corp. 1.64% 6,000 $5.3M No change
SPGI S&P Global Inc. 1.63% 10,000 $5.2M No change
CMI Cummins Inc. 1.59% 10,000 $5.1M No change
GE General Electric filed as GE AEROSPACE 1.58% 16,500 $5.1M No change
MPWR Monolithic Power Systems Inc. 1.55% 5,500 $5.0M Add +22.2%
TER Teradyne Inc. 1.51% 25,000 $4.8M New
META Meta Platforms Inc. Class A 1.44% 7,000 $4.6M No change
MCO Moody's Corp. 1.43% 9,000 $4.6M No change
BRK.A Berkshire Hathaway Inc. Class A 1.41% 6 $4.5M No change
AMD Advanced Micro Devices 1.33% 20,000 $4.3M No change
TLN Talen Energy Corp. 1.28% 11,000 $4.1M New
STX Seagate Technology Holdings 1.20% 14,000 $3.9M Add +40.0%
ETN Eaton Corp. PLC 1.09% 11,000 $3.5M Add +10.0%
UNP Union Pacific Corp. 1.08% 15,000 $3.5M No change
NOW ServiceNow Inc. 1.01% 21,250 $3.3M No change
CRH CRH PLC 0.97% 25,000 $3.1M No change
BE Bloom Energy Corp. Class A 0.92% 34,100 $3.0M New
COHERENT CORP 0.92% 16,000 $3.0M New
TTM TECHNOLOGIES INC 0.86% 40,000 $2.8M New
CVNA Carvana Co. 0.85% 6,500 $2.7M No change
DDOG Datadog Inc. Class A 0.85% 20,000 $2.7M No change
CRWD CrowdStrike Holdings Inc. Class A 0.73% 5,000 $2.3M No change
PWR Quanta Services Inc. 0.53% 4,000 $1.7M New
TIC Tic Solutions Inc. 0.33% 105,000 $1.1M Reduce -54.4%
DSGR Distribution Solutions Group 0.27% 31,387 $860K No change
INTC Intel Corp. 0.23% 20,000 $738K New

Options reported separately and not counted above: META calls ($5.0M), MSFT calls ($4.8M), AMZN calls ($4.5M), INTC calls ($4.1M), GOOGL calls ($3.1M), AAPL puts ($2.7M), UNH calls ($2.6M), AMAT calls ($2.6M), ETN calls ($2.4M), PWR calls ($2.1M), V calls ($1.8M), ASML calls ($1.6M), and 4 more.

Portfolio Sells Q3 2025 → Q4 2025
APP AppLovin Corp. Class A Sold out 0.00% −1.13
SPOT Spotify Technology SA Sold out 0.00% −0.98
GTLB Gitlab Inc. Class A Sold out 0.00% −0.95
FICO Fair Isaac Corp. Sold out 0.00% −0.94
WIX Wix.com Ltd. Sold out 0.00% −0.78
TIC Tic Solutions Inc. Reduce -54.4% 0.33% −0.74
SNPS Synopsys Inc. Reduce -7.3% 2.30% −0.63
AVGO Broadcom Inc. Reduce -7.9% 3.77% −0.62
CP Canadian Pacific Kansas City Sold out 0.00% −0.59
COST Costco Wholesale Corp. Reduce -7.1% 1.75% −0.52
APG Api Group Corp. Sold out 0.00% −0.48
OUST Ouster Inc. Sold out 0.00% −0.36

Portfolio Buys Q3 2025 → Q4 2025
LITE Lumentum Holdings Inc. New 2.30% +2.30
TEL Te Connectivity PLC New 1.84% +1.84
MSFT Microsoft Corp. Add +96.3% 3.99% +1.54
TER Teradyne Inc. New 1.51% +1.51
TLN Talen Energy Corp. New 1.28% +1.28
BE Bloom Energy Corp. Class A New 0.92% +0.92
COHERENT CORP New 0.92% +0.92
TTM TECHNOLOGIES INC New 0.86% +0.86
PWR Quanta Services Inc. New 0.53% +0.53
AAPL Apple Inc. Add +18.8% 4.02% +0.45
STX Seagate Technology Holdings Add +40.0% 1.20% +0.37
TSM Taiwan Semiconductor-SP ADR Add +14.3% 3.79% +0.36
INTC Intel Corp. New 0.23% +0.23
TDG Transdigm Group Inc. Add +17.6% 2.07% +0.11
MPWR Monolithic Power Systems Inc. Add +22.2% 1.55% +0.10
ETN Eaton Corp. PLC Add +10.0% 1.09% −0.22

Options Activity Q3 2025 → Q4 2025
META Meta Platforms Inc. Class A call New 7,500 $5.0M
MSFT Microsoft Corp. call New 10,000 $4.8M
AMZN Amazon.com Inc. call Add +62.5% 19,500 $4.5M
INTC Intel Corp. call Reduce -8.3% 110,000 $4.1M
GOOGL Alphabet Inc. Class A call Reduce -60.0% 10,000 $3.1M
UNH Unitedhealth Group Inc. call Reduce -30.4% 8,000 $2.6M
AMAT Applied Materials Inc. call New 10,000 $2.6M
STX Seagate Technology Holdings put Sold out 10,000 $2.4Mbefore exit
PWR Quanta Services Inc. call New 5,000 $2.1M
AAPL Apple Inc. call Sold out 7,500 $1.9Mbefore exit
V Visa Inc. Class A call New 5,000 $1.8M
ASML ASML Holding NV-NY Reg SHS call New 1,500 $1.6M
TSM Taiwan Semiconductor-SP ADR call Sold out 5,000 $1.4Mbefore exit
APH Amphenol Corp. Class A call New 10,000 $1.4M
BE Bloom Energy Corp. Class A call New 10,000 $869K
AVGO Broadcom Inc. call Sold out 2,500 $825Kbefore exit
AMZN Amazon.com Inc. put Sold out 2,500 $549Kbefore exit

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 65$477.4MASML, NVDA, INTC, TSM, TSEM
Q1 2026 61$349.3MNVDA, ASML, TSM, GOOGL, LITE
Q4 2025 54$321.0MNVDA, AAPL, MSFT, TSM, AVGO
Q3 2025 53$285.4MNVDA, AVGO, AAPL, TSM, ASML
Q2 2025Amended 51$246.9MNVDA, AVGO, MSFT, HEI, AAPL
Q1 2025 58$260.5MNVDA, AMZN, AVGO, AAPL, META
Q4 2024 61$284.7MAVGO, NVDA, AAPL, AMZN, META
Q3 2024 57$283.9MAVGO, NVDA, AMZN, AAPL, SHW
Q2 2024 58$265.6MNVDA, AVGO, MSFT, AAPL, AMZN
Q1 2024 57$232.9MNVDA, AMZN, AVGO, META, SHW