In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 22, 2026), Milfam LLC reported 11 stock positions worth $126.2 million . Its top holding was Nextnav (NN) at 46.2% of the portfolio, followed by P G & E (PCG, 21.9% ) and Optimum Communications Class A (OPTU, 18.3% ). Compared with Q1 2026, it opened 5 new positions and added to 2. The biggest buy was Optimum Communications Class A (OPTU, shares +82% ).
Location Stuart, FL
CIK 0001728825
Portfolio Value $126.2M (Q2 2026) Holdings 11 stocks · $126.2M Holdings quarter Q2 2026 Q1 2026
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 NN Nextnav Inc. 3,267,920 $58.3M Add +29.9% PCG P G & E Corp. 1,642,941 $27.6M No change OPTU Optimum Communications Inc. Class A 15,920,494 $23.1M Add +81.5% SRL Scully Royalty Ltd. 1,985,952 $12.2M No change ARES Ares Management Corp. Class A 15,000 $1.7M New SDRL Seadrill Limited 40,000 $1.5M No change APO Apollo Global Management Inc. 7,500 $887K New ERII Energy Recovery Inc. 75,000 $677K New VSAT Viasat Inc. 3,000 $269K New RSP Invesco S&P 500 Equal Weight 100 $21K New BSL Blackstone SNR Fltng RT 2 $26 No change
Options reported separately and not counted above: PG&E CORP calls ($2.0M).
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ None this quarter.
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ OPTU Optimum Communications Inc. Class A Add +81.5% 18.29% +6.65 NN Nextnav Inc. Add +29.9% 46.18% +5.02 ARES Ares Management Corp. Class A New 1.32% +1.32 APO Apollo Global Management Inc. New 0.70% +0.70 ERII Energy Recovery Inc. New 0.54% +0.54 VSAT Viasat Inc. New 0.21% +0.21 RSP Invesco S&P 500 Equal Weight New 0.02% +0.02
Notes & Other Activity Q1 2026 → Q2 2026 Security Class Change vs Q1 2026 Shares / Principal Value ▼ NNAVW Nextnav Inc. *W EXP 99/99/999 Sold out 250,000 $1.4Mbefore exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 11 $126.2M NN, PCG, OPTU, SRL, ARES Q1 2026 6 $97.9M NN, PCG, SRL, OPTU, SDRL