In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Panoramic Capital, LLC reported 38 stock positions worth $142.4 million . Its top holding was Seagate Technology (STX) at 10.6% of the portfolio, followed by Lumentum (LITE, 9.5% ) and Five Below (FIVE, 6.3% ). Compared with Q4 2025, it opened 15 new positions, sold out of 14, added to 10 and reduced 12. The biggest buy was a new position in Anterix (ATEX) and the biggest sale Nvidia (NVDA, shares −75% ).
Location LARKSPUR, CA
CIK 0001950490
Portfolio Value $142.4M (Q1 2026) Holdings 38 stocks · $142.4M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 STX Seagate Technology Holdings 38,476 $15.1M Reduce -28.6% LITE Lumentum Holdings Inc. 19,186 $13.5M Reduce -62.7% FIVE Five Below 39,298 $9.0M Reduce -21.1% HALO Halozyme Therapeutics Inc. 116,416 $7.5M Reduce -4.9% AMZN Amazon.com Inc. 34,251 $7.1M Reduce -5.5% TWLO Twilio Inc. Class A 55,689 $7.0M Add +36.9% NFLX Netflix Inc. 60,200 $5.8M Add +84.1% MOD Modine Manufacturing Co. 26,240 $5.7M Reduce -48.8% ATEX Anterix Inc. 135,000 $5.2M New W Wayfair Inc. Class A 66,227 $5.0M Reduce -29.3% LLY Eli Lilly & Co. 5,231 $4.8M Add +59.4% ETON Eton Pharmaceuticals Inc. 185,000 $4.6M New NVDA Nvidia Corp. 24,986 $4.4M Reduce -74.5% LNG Cheniere Energy Inc. 15,000 $4.3M New BOOT Boot Barn Holdings Inc. 28,104 $4.1M Reduce -17.6% CECO Ceco Environmental Corp. 66,566 $4.0M Add +43.0% ON On Semiconductor 57,500 $3.6M New KRUS Kura Sushi USA Inc. Class A 50,000 $3.5M New MNRO Monro Inc. 178,663 $2.9M Add +24.4% MEC Mayville Engineering Co. Inc. 140,000 $2.5M New WOLF Wolfspeed Inc. 140,000 $2.3M New PTON Peloton Interactive Inc. Class A 531,629 $2.3M Add +6.0% PRCH Porch Group Inc. 269,900 $1.9M New NPKI NPK International Inc. 127,754 $1.9M Reduce -37.0% HNGE Hinge Health Inc. Class A 45,000 $1.7M New FANG Diamondback Energy Inc. 7,500 $1.5M New SNOW Snowflake Inc. 9,501 $1.4M Reduce -53.7% NRXS Neuraxis Inc. 190,000 $1.4M Add +15.2% NAT Nordic American Tankers Ltd. 225,000 $1.3M New BLND Blend Labs Inc. Class A 772,689 $1.3M Add +10.8% PLSE Pulse Biosciences Inc. 58,054 $1.3M Add +52.6% ROC Rank One Computing Corp. 175,000 $1.2M New SBUX Starbucks Corp. 10,100 $905K New EVLV Evolv Technologies Holdings 133,619 $808K Add +23.0% MDXH Mdxhealth 238,668 $549K No change LWLG Lightwave Logic Inc. 75,000 $527K Reduce -50.0% SHAZ Sharonai Holdings Inc. 20,000 $455K New MBLY Mobileye Global Inc. Class A 50,000 $344K New
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ NVDA Nvidia Corp. Reduce -74.5% 3.06% −7.41 GOOG Alphabet Inc. Class C Sold out 0.00% −3.23 BIRK Birkenstock Holding PLC Sold out 0.00% −2.58 CRH CRH PLC Sold out 0.00% −2.48 C Citigroup Inc. Sold out 0.00% −2.46 BRZE Braze Inc. Class A Sold out 0.00% −2.45 AFRM Affirm Holdings Inc. Sold out 0.00% −1.93 W Wayfair Inc. Class A Reduce -29.3% 3.50% −1.89 SNOW Snowflake Inc. Reduce -53.7% 1.01% −1.57 FSLR First Solar Inc. Sold out 0.00% −1.55 ROST Ross Stores Inc. Sold out 0.00% −1.55 INDV Indivior Ltd. Sold out 0.00% −1.54 LITE Lumentum Holdings Inc. Reduce -62.7% 9.47% −1.37 MIAX Miami International Holdings Sold out 0.00% −1.17 CMG Chipotle Mexican Grill Inc. Sold out 0.00% −1.06 NBIS Nebius Group NV Sold out 0.00% −0.89 BOOT Boot Barn Holdings Inc. Reduce -17.6% 2.89% −0.56 CHYM Chime Financial Inc. Class A Sold out 0.00% −0.36 BE Bloom Energy Corp. Class A Sold out 0.00% −0.12 NPKI NPK International Inc. Reduce -37.0% 1.30% −0.08 MOD Modine Manufacturing Co. Reduce -48.8% 3.99% +0.08 LWLG Lightwave Logic Inc. Reduce -50.0% 0.37% +0.09 AMZN Amazon.com Inc. Reduce -5.5% 5.01% +0.22 HALO Halozyme Therapeutics Inc. Reduce -4.9% 5.28% +0.57 FIVE Five Below Reduce -21.1% 6.30% +0.94 STX Seagate Technology Holdings Reduce -28.6% 10.58% +2.09
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ ATEX Anterix Inc. New 3.62% +3.62 ETON Eton Pharmaceuticals Inc. New 3.21% +3.21 LNG Cheniere Energy Inc. New 2.99% +2.99 ON On Semiconductor New 2.50% +2.50 KRUS Kura Sushi USA Inc. Class A New 2.45% +2.45 NFLX Netflix Inc. Add +84.1% 4.06% +2.31 MEC Mayville Engineering Co. Inc. New 1.76% +1.76 TWLO Twilio Inc. Class A Add +36.9% 4.92% +1.61 WOLF Wolfspeed Inc. New 1.60% +1.60 LLY Eli Lilly & Co. Add +59.4% 3.38% +1.36 PRCH Porch Group Inc. New 1.36% +1.36 HNGE Hinge Health Inc. Class A New 1.22% +1.22 CECO Ceco Environmental Corp. Add +43.0% 2.78% +1.19 FANG Diamondback Energy Inc. New 1.04% +1.04 NAT Nordic American Tankers Ltd. New 0.93% +0.93 ROC Rank One Computing Corp. New 0.86% +0.86 SBUX Starbucks Corp. New 0.64% +0.64 PLSE Pulse Biosciences Inc. Add +52.6% 0.88% +0.58 NRXS Neuraxis Inc. Add +15.2% 0.99% +0.56 MNRO Monro Inc. Add +24.4% 2.01% +0.36 SHAZ Sharonai Holdings Inc. New 0.32% +0.32 MBLY Mobileye Global Inc. Class A New 0.24% +0.24 EVLV Evolv Technologies Holdings Add +23.0% 0.57% +0.12 PTON Peloton Interactive Inc. Class A Add +6.0% 1.60% −0.17 BLND Blend Labs Inc. Class A Add +10.8% 0.92% −0.29
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ LITE Lumentum Holdings Inc. put Sold out 25,000 $9.2Mbefore exit CWAN Clearwater Analytics HDS-A call Sold out 100,000 $2.4Mbefore 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 43 $232.4M STX, ATEX, NVDA, MU, HNGE Q1 2026 38 $142.4M STX, LITE, FIVE, HALO, AMZN Q4 2025 37 $174.7M LITE, NVDA, STX, W, FIVE Q3 2025 42 $157.8M STX, META, FSLR, FIVE, MOD Q2 2025 36 $129.8M STX, NVDA, META, AMZN, AFRM Q1 2025 30 $80.0M STX, HALO, META, NFLX, EOG Q4 2024 41 $125.7M META, NVDA, NFLX, LLY, DDOG