In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), KP Management LLC reported 61 stock positions worth $349.3 million . Its top holding was Nvidia (NVDA) at 4.6% of the portfolio, followed by ASML Holding NV-NY Reg SHS (ASML, 4.0% ) and Taiwan Semiconductor-SP ADR (TSM, 3.9% ). Compared with Q4 2025, it opened 11 new positions, sold out of 4, added to 12 and reduced 20. The biggest buy was Intel (INTC, shares +750% ) and the biggest sale Microsoft (MSFT, shares −57% ).
Location Edina, MN
CIK 0002036769
Portfolio Value $349.3M (Q1 2026) Holdings 61 stocks · $349.3M 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 Q4 2025 NVDA Nvidia Corp. 92,500 $16.1M No change ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 10,500 $13.9M Add +7.7% TSM Taiwan Semiconductor-SP ADR 40,000 $13.5M No change GOOGL Alphabet Inc. Class A 43,000 $12.4M Add +21.1% LITE Lumentum Holdings Inc. 17,000 $11.9M Reduce -15.0% AMZN Amazon.com Inc. 51,500 $10.7M Add +32.0% TSEM Tower Semiconductor Ltd. 61,035 $10.7M No change AAPL Apple Inc. 40,000 $10.2M Reduce -15.8% AVGO Broadcom Inc. 32,500 $10.1M Reduce -7.1% GEV GE Vernova Inc. 11,125 $9.7M Reduce -8.3% APH Amphenol Corp. Class A 72,500 $9.2M Add +16.0% HEI Heico Corp. 32,750 $9.0M Add +13.9% TDG Transdigm Group Inc. 7,350 $8.5M Add +47.0% KLAC KLA Corp. 5,250 $7.7M Add +16.7% WWD Woodward Inc. 21,500 $7.7M Add +4.9% SHW The Sherwin-Williams Co. 24,000 $7.7M No change INTC Intel Corp. 170,000 $7.5M Add +750.0% TEL Te Connectivity PLC 34,000 $7.1M Add +30.8% TER Teradyne Inc. 22,500 $6.7M Reduce -10.0% COST Costco Wholesale Corp. 6,500 $6.5M No change ORLY O'reilly Automotive Inc. 67,500 $6.2M No change CIEN Ciena Corp. 15,000 $5.8M New MA Mastercard Inc. Class A 11,500 $5.7M No change SNPS Synopsys Inc. 13,750 $5.5M Reduce -12.7% CMI Cummins Inc. 10,000 $5.4M No change PH Parker Hannifin Corp. 6,000 $5.4M No change V Visa Inc. Class A 17,500 $5.3M No change COHR Coherent Corp. 22,000 $5.2M New MPWR Monolithic Power Systems Inc. 4,500 $4.9M Reduce -18.2% TMO Thermo Fisher Scientific Inc. 10,000 $4.9M No change BA The Boeing Co. 24,500 $4.9M Reduce -9.3% JPM JPMorgan Chase & Co. 16,527 $4.9M No change GE General Electric filed as GE AEROSPACE 16,500 $4.7M No change META Meta Platforms Inc. Class A 8,000 $4.6M Add +14.3% SNDK Sandisk Corp. 7,000 $4.4M New BRK.A Berkshire Hathaway Inc. Class A 6 $4.3M No change MSFT Microsoft Corp. 11,500 $4.3M Reduce -56.6% CDNS Cadence Design SYS Inc. 14,500 $4.0M Reduce -23.7% STX Seagate Technology Holdings 10,000 $3.9M Reduce -28.6% TTMI TTM Technologies 40,000 $3.9M New SPGI S&P Global Inc. 9,000 $3.8M Reduce -10.0% UNP Union Pacific Corp. 15,000 $3.6M No change NET Cloudflare Inc. Class A 17,500 $3.6M Reduce -37.0% BE Bloom Energy Corp. Class A 26,600 $3.6M Reduce -22.0% TLN Talen Energy Corp. 11,000 $3.5M No change MCO Moody's Corp. 8,000 $3.5M Reduce -11.1% AMAT Applied Materials Inc. 10,000 $3.4M New SOLS Solstice Adv Materials Inc. 44,699 $3.4M New PWR Quanta Services Inc. 6,000 $3.3M Add +50.0% ETN Eaton Corp. PLC 9,000 $3.2M Reduce -18.2% AMD Advanced Micro Devices 15,000 $3.1M Reduce -25.0% CRH CRH PLC 25,000 $2.6M No change LASR Nlight Inc. 40,000 $2.3M New AKAM Akamai Technologies Inc. 17,500 $2.0M New NVTS Navitas Semiconductor Corp. 217,441 $1.9M New DDOG Datadog Inc. Class A 15,000 $1.8M Reduce -25.0% NOW ServiceNow Inc. 16,250 $1.7M Reduce -23.5% CRWD CrowdStrike Holdings Inc. Class A 3,000 $1.2M Reduce -40.0% VIAV Viavi Solutions Inc. 30,000 $998K New NOK Nokia Corp.-Spon ADR 120,000 $965K New DSGR Distribution Solutions Group 31,387 $824K No change
Options reported separately and not counted above: MSFT calls ($11.1M), META calls ($8.6M), SPGI calls ($4.3M), AMZN calls ($3.9M), MA calls ($3.7M), ZM calls ($3.6M), V calls ($3.0M), ETN calls ($2.7M), NVDA calls ($2.6M), AVGO calls ($2.3M), TER calls ($2.2M), MCO calls ($2.2M), and 10 more.
Portfolio Sells Q4 2025 → Q1 2026 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 Q4 2025 % Of Portfolio Change To Portfolio ▲ MSFT Microsoft Corp. Reduce -56.6% 1.22% −2.77 AAPL Apple Inc. Reduce -15.8% 2.91% −1.12 COHERENT CORP Sold out 0.00% −0.92 AVGO Broadcom Inc. Reduce -7.1% 2.88% −0.89 TTM TECHNOLOGIES INC Sold out 0.00% −0.86 CVNA Carvana Co. Sold out 0.00% −0.85 SNPS Synopsys Inc. Reduce -12.7% 1.56% −0.74 CDNS Cadence Design SYS Inc. Reduce -23.7% 1.15% −0.70 NET Cloudflare Inc. Class A Reduce -37.0% 1.03% −0.67 SPGI S&P Global Inc. Reduce -10.0% 1.10% −0.53 NOW ServiceNow Inc. Reduce -23.5% 0.49% −0.53 AMD Advanced Micro Devices Reduce -25.0% 0.87% −0.46 MCO Moody's Corp. Reduce -11.1% 1.00% −0.43 BA The Boeing Co. Reduce -9.3% 1.40% −0.43 CRWD CrowdStrike Holdings Inc. Class A Reduce -40.0% 0.34% −0.39 DDOG Datadog Inc. Class A Reduce -25.0% 0.51% −0.34 TIC Tic Solutions Inc. Sold out 0.00% −0.33 ETN Eaton Corp. PLC Reduce -18.2% 0.92% −0.17 MPWR Monolithic Power Systems Inc. Reduce -18.2% 1.41% −0.14 STX Seagate Technology Holdings Reduce -28.6% 1.12% −0.08 BE Bloom Energy Corp. Class A Reduce -22.0% 1.03% +0.11 GEV GE Vernova Inc. Reduce -8.3% 2.78% +0.31 TER Teradyne Inc. Reduce -10.0% 1.91% +0.40 LITE Lumentum Holdings Inc. Reduce -15.0% 3.42% +1.12
Portfolio Buys Q4 2025 → Q1 2026 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 Q4 2025 % Of Portfolio Change To Portfolio ▼ INTC Intel Corp. Add +750.0% 2.15% +1.92 CIEN Ciena Corp. New 1.67% +1.67 COHR Coherent Corp. New 1.50% +1.50 SNDK Sandisk Corp. New 1.27% +1.27 TTMI TTM Technologies New 1.12% +1.12 AMAT Applied Materials Inc. New 0.98% +0.98 SOLS Solstice Adv Materials Inc. New 0.97% +0.97 ASML ASML Holding NV-NY Reg SHS Add +7.7% 3.97% +0.72 LASR Nlight Inc. New 0.65% +0.65 AKAM Akamai Technologies Inc. New 0.58% +0.58 NVTS Navitas Semiconductor Corp. New 0.55% +0.55 KLAC KLA Corp. Add +16.7% 2.21% +0.51 PWR Quanta Services Inc. Add +50.0% 0.94% +0.42 TDG Transdigm Group Inc. Add +47.0% 2.44% +0.37 VIAV Viavi Solutions Inc. New 0.29% +0.29 NOK Nokia Corp.-Spon ADR New 0.28% +0.28 WWD Woodward Inc. Add +4.9% 2.20% +0.27 AMZN Amazon.com Inc. Add +32.0% 3.07% +0.27 TEL Te Connectivity PLC Add +30.8% 2.03% +0.19 GOOGL Alphabet Inc. Class A Add +21.1% 3.54% +0.08 APH Amphenol Corp. Class A Add +16.0% 2.62% −0.01 META Meta Platforms Inc. Class A Add +14.3% 1.31% −0.13 HEI Heico Corp. Add +13.9% 2.57% −0.33
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ MSFT Microsoft Corp. call Add +200.0% 30,000 $11.1M META Meta Platforms Inc. Class A call Add +100.0% 15,000 $8.6M SPGI S&P Global Inc. call New 10,000 $4.3M AMZN Amazon.com Inc. call Reduce -5.1% 18,500 $3.9M MA Mastercard Inc. Class A call New 7,500 $3.7M ZM Zoom Communications Inc. call New 45,000 $3.6M GOOGL Alphabet Inc. Class A call Sold out 10,000 $3.1Mbefore exit V Visa Inc. Class A call Add +100.0% 10,000 $3.0M AAPL Apple Inc. put Sold out 10,000 $2.7Mbefore exit NVDA Nvidia Corp. call New 15,000 $2.6M AMAT Applied Materials Inc. call Sold out 10,000 $2.6Mbefore exit AVGO Broadcom Inc. call New 7,500 $2.3M TER Teradyne Inc. call New 7,500 $2.2M MCO Moody's Corp. call New 5,000 $2.2M PWR Quanta Services Inc. call Sold out 5,000 $2.1Mbefore exit NOW ServiceNow Inc. call New 20,000 $2.1M COHR Coherent Corp. call New 5,000 $1.2M AMD Advanced Micro Devices call Sold out 5,000 $1.1Mbefore exit INTC Intel Corp. call Reduce -79.5% 22,500 $993K BE Bloom Energy Corp. Class A call Sold out 10,000 $869Kbefore exit HEI Heico Corp. call New 3,000 $823K VIAV Viavi Solutions Inc. call New 20,000 $666K SOLS Solstice Adv Materials Inc. call New 8,600 $655K APH Amphenol Corp. Class A call Reduce -50.0% 5,000 $632K UNH Unitedhealth Group Inc. call Reduce -75.0% 2,000 $541K CIEN Ciena Corp. call New 1,000 $388K GTLB Gitlab Inc. Class A call Sold out 10,000 $375Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 65 $477.4M ASML, NVDA, INTC, TSM, TSEM Q1 2026 61 $349.3M NVDA, ASML, TSM, GOOGL, LITE Q4 2025 54 $321.0M NVDA, AAPL, MSFT, TSM, AVGO Q3 2025 53 $285.4M NVDA, AVGO, AAPL, TSM, ASML Q2 2025 Amended 51 $246.9M NVDA, AVGO, MSFT, HEI, AAPL Q1 2025 58 $260.5M NVDA, AMZN, AVGO, AAPL, META Q4 2024 61 $284.7M AVGO, NVDA, AAPL, AMZN, META Q3 2024 57 $283.9M AVGO, NVDA, AMZN, AAPL, SHW Q2 2024 58 $265.6M NVDA, AVGO, MSFT, AAPL, AMZN Q1 2024 57 $232.9M NVDA, AMZN, AVGO, META, SHW