Pacific Heights Asset Management LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 17, 2026), Pacific Heights Asset Management LLC reported 77 stock positions worth $3.2 billion. Its top holding was Texas Pacific Land (TPL) at 8.2% of the portfolio, followed by Nvidia (NVDA, 5.5%) and Freeport-McMoran (FCX, 5.3%). Compared with Q1 2026, it sold out of 1, added to 30 and reduced 4. The biggest buy was Morgan Stanley (MS, shares +2%) and the biggest sale Texas Pacific Land (TPL, shares −5%).

Most Recent 13F
Q2 2026
Location
San Francisco, CA
CIK
0001323414
Portfolio Value
$3.2B (Q2 2026)
SEC Filing
0001193125-26-353582 ↗ filed Aug 17, 2026

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.5B Q4 2024 Q1 2025: $1.5B Q1 2025 Q2 2025: $1.9B Q2 2025 Q3 2025: $2.3B Q3 2025 Q4 2025: $2.7B Q4 2025 Q1 2026: $3.0B Q1 2026 Q2 2026: $3.2B $3.2B Q2 2026

Holdings 77 stocks · $3.2B
TPL Texas Pacific Land Corp. 8.18% 590,000 $258.2M Reduce -4.8%
NVDA Nvidia Corp. 5.54% 875,000 $175.1M No change
FCX Freeport-McMoran Inc. 5.28% 2,650,000 $166.7M No change
PLTR Palantir Technologies Inc. Class A 5.26% 1,425,000 $166.3M Add +4.8%
META Meta Platforms Inc. Class A 4.10% 230,000 $129.6M No change
ARM Arm Holdings PLC-ADR 3.65% 325,000 $115.2M No change
AVGO Broadcom Inc. 3.11% 260,000 $98.2M No change
APP AppLovin Corp. Class A 2.85% 175,000 $90.2M No change
COST Costco Wholesale Corp. 2.07% 70,000 $65.5M Reduce -4.1%
PH Parker Hannifin Corp. 2.01% 65,000 $63.6M No change
LMT Lockheed Martin Corp. 1.86% 115,000 $58.6M Add +9.5%
MS Morgan Stanley 1.85% 280,000 $58.5M Add +1.8%
TWLO Twilio Inc. Class A 1.80% 275,000 $56.7M No change
AFRM Affirm Holdings Inc. 1.68% 650,000 $53.0M Reduce -3.7%
CCJ Cameco Corp. 1.61% 500,000 $50.9M No change
CVX Chevron Corp. 1.57% 300,000 $49.7M Add +9.1%
GPCR Structure Therapeutics Inc. 1.36% 800,000 $42.9M Add +6.7%
RIO Rio Tinto PLC-Spon ADR 1.35% 450,000 $42.7M Add +5.9%
STT State Street Corp. 1.34% 250,000 $42.4M No change
XOM Exxon Mobil Corp. 1.30% 300,000 $41.0M Add +9.1%
NUE Nucor Corp. 1.23% 175,000 $39.0M No change
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED 1.19% 450,000 $37.5M Add +5.9%
WSM Williams-Sonoma Inc. 1.11% 150,000 $35.0M No change
V Visa Inc. Class A 1.09% 100,000 $34.3M Reduce -9.1%
OVV Ovintiv Inc. 1.08% 650,000 $34.2M Add +8.3%
AMT American Tower Corp. 1.04% 200,000 $32.7M No change
AMGN Amgen Inc. 1.03% 90,000 $32.6M No change
SCHW Schwab (charles) Corp. 1.02% 350,000 $32.3M No change
DINO HF Sinclair Corp. 0.99% 450,000 $31.3M Add +5.9%
COP Conocophillips 0.99% 300,000 $31.2M No change
ITW Illinois Tool Works 0.98% 115,000 $31.1M No change
PLD Prologis Inc. 0.97% 225,000 $30.5M No change
OUT Outfront Media Inc. 0.93% 900,000 $29.5M Add +5.9%
APD Air Products & Chemicals Inc. 0.93% 100,000 $29.3M No change
ESS Essex Property Trust Inc. 0.92% 100,000 $29.2M No change
AVB Avalonbay Communities Inc. 0.90% 150,000 $28.3M No change
CP Canadian Pacific Kansas City 0.89% 325,000 $28.2M No change
SPG Simon Property Group Inc. 0.89% 125,000 $28.0M No change
UBER Uber Technologies Inc. 0.86% 375,000 $27.1M No change
ALB Albemarle Corp. 0.86% 200,000 $27.0M No change
DLR Digital Realty Trust Inc. 0.85% 150,000 $26.9M No change
FDX FedEx Corp. 0.84% 85,000 $26.6M No change
IPGP Ipg Photonics Corp. 0.84% 225,000 $26.4M No change
R Ryder System Inc. 0.84% 100,000 $26.4M No change
NTR Nutrien Ltd. 0.80% 400,000 $25.2M No change
LEN Lennar Corp. Class A 0.79% 275,000 $24.9M No change
DVN Devon Energy Corp. 0.79% 600,000 $24.8M Add +9.1%
FRT Federal Realty Invs Trust 0.78% 200,000 $24.7M No change
ADSK Autodesk Inc. 0.77% 125,000 $24.3M No change
OXY Occidental Petroleum Corp. 0.77% 500,000 $24.3M Add +11.1%
REG Regency Centers Corp. 0.76% 300,000 $23.9M Add +9.1%
CNQ Canadian Natural Resources 0.75% 600,000 $23.7M Add +9.1%
MRP Millrose Properties 0.71% 750,000 $22.5M No change
VNOM Viper Energy Inc. Class A 0.67% 500,000 $21.2M Add +11.1%
FLR Fluor Corp. 0.66% 400,000 $21.0M No change
A Agilent Technologies Inc. 0.63% 150,000 $19.9M No change
BXP BXP Inc. 0.63% 300,000 $19.9M Add +20.0%
CUBE Cubesmart 0.63% 500,000 $19.9M Add +11.1%
APA Apa Corp. 0.62% 600,000 $19.5M Add +9.1%
MUR Murphy Oil Corp. 0.62% 600,000 $19.5M Add +9.1%
WYNN WYNN Resorts Ltd. 0.61% 200,000 $19.4M Add +2.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.61% 200,000 $19.3M Add +2.6%
STAG Stag Industrial Inc. 0.60% 500,000 $19.0M No change
WY Weyerhaeuser Co. 0.57% 750,000 $18.0M Add +25.0%
PSX Phillips 66 0.54% 100,000 $16.9M No change
CSR Centerspace 0.53% 300,000 $16.9M Add +9.1%
UDR Udr Inc. 0.51% 400,000 $16.0M Add +14.3%
VNO Vornado Realty Trust 0.50% 400,000 $15.7M Add +14.3%
BIREF Birchcliff Energy Ltd. 0.48% 3,500,000 $15.3M No change
KIM Kimco Realty Corp. 0.48% 600,000 $15.2M Add +9.1%
BP BP PLC-Spons ADR 0.47% 400,000 $14.8M Add +14.3%
HIW Highwoods Properties Inc. 0.38% 400,000 $12.1M Add +14.3%
UMH Umh Properties Inc. filed as UMH PPTYS INC 0.34% 700,000 $10.6M Add +7.7%
QUBT Quantum Computing Inc. 0.31% 1,000,000 $9.7M No change
VALE Vale SA-SP ADR 0.24% 500,000 $7.5M No change
SOUHY SOUTH32 - ADR 0.21% 500,000 $6.8M No change
FDXF FedEx Freight Holding Co. 0.20% 42,500 $6.4M No change

Portfolio Sells Q1 2026 → Q2 2026
TPL Texas Pacific Land Corp. Reduce -4.8% 8.18% −1.67
LULU Lululemon Athletica Inc. Sold out 0.00% −0.38
COST Costco Wholesale Corp. Reduce -4.1% 2.07% −0.36
V Visa Inc. Class A Reduce -9.1% 1.09% −0.03
AFRM Affirm Holdings Inc. Reduce -3.7% 1.68% +0.64

Portfolio Buys Q1 2026 → Q2 2026
MS Morgan Stanley Add +1.8% 1.85% +0.34
BXP BXP Inc. Add +20.0% 0.63% +0.20
VNO Vornado Realty Trust Add +14.3% 0.50% +0.19
OUT Outfront Media Inc. Add +5.9% 0.93% +0.18
BHP BHP Group Ltd.-Spon ADR Add +5.9% 1.19% +0.15
GPCR Structure Therapeutics Inc. Add +6.7% 1.36% +0.15
HIW Highwoods Properties Inc. Add +14.3% 0.38% +0.13
UDR Udr Inc. Add +14.3% 0.51% +0.11
DINO HF Sinclair Corp. Add +5.9% 0.99% +0.11
WY Weyerhaeuser Co. Add +25.0% 0.57% +0.08
CUBE Cubesmart Add +11.1% 0.63% +0.08
KIM Kimco Realty Corp. Add +9.1% 0.48% +0.07
REG Regency Centers Corp. Add +9.1% 0.76% +0.06
RIO Rio Tinto PLC-Spon ADR Add +5.9% 1.35% +0.03
UMH Umh Properties Inc. Add +7.7% 0.34% +0.02
CSR Centerspace Add +9.1% 0.53% +0.01
DIS The Walt Disney Co. Add +2.6% 0.61% −0.02
VNOM Viper Energy Inc. Class A Add +11.1% 0.67% −0.04
WYNN WYNN Resorts Ltd. Add +2.6% 0.61% −0.05
BP BP PLC-Spons ADR Add +14.3% 0.47% −0.08
OVV Ovintiv Inc. Add +8.3% 1.08% −0.11
MUR Murphy Oil Corp. Add +9.1% 0.62% −0.14
DVN Devon Energy Corp. Add +9.1% 0.79% −0.14
CNQ Canadian Natural Resources Add +9.1% 0.75% −0.15
APA Apa Corp. Add +9.1% 0.62% −0.16
OXY Occidental Petroleum Corp. Add +11.1% 0.77% −0.21
XOM Exxon Mobil Corp. Add +9.1% 1.30% −0.26
LMT Lockheed Martin Corp. Add +9.5% 1.86% −0.27
CVX Chevron Corp. Add +9.1% 1.57% −0.33
PLTR Palantir Technologies Inc. Class A Add +4.8% 5.26% −1.39

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 77$3.2BTPL, NVDA, FCX, PLTR, META
Q1 2026 77$3.0BTPL, PLTR, FCX, NVDA, META
Q4 2025 78$2.7BPLTR, TPL, NVDA, FCX, META
Q3 2025 78$2.3BPLTR, TPL, NVDA, META, FCX
Q2 2025 77$1.9BPLTR, TPL, NVDA, META, FCX
Q1 2025 71$1.5BTPL, PLTR, META, NVDA, FCX
Q4 2024 70$1.5BTPL, OVV, NTR, LMT, FCX
Q3 2024 70$1.3BTPL, FCX, NVDA, META, PLTR
Q2 2024 71$1.3BTPL, NVDA, FCX, META, COST
Q1 2024 71$1.2BFCX, TPL, NVDA, META, COST