PCM Encore, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), PCM Encore, LLC reported 445 stock positions worth $486.1 million. Its top holding was Nvidia (NVDA) at 4.8% of the portfolio, followed by Apple (AAPL, 4.6%) and Microsoft (MSFT, 3.6%). Compared with Q4 2025, it opened 47 new positions, sold out of 30, added to 315 and reduced 58. The biggest buy was Exxon Mobil (XOM, shares +5%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −5%).

Most Recent 13F
Q2 2026
Location
Aspen, CO
CIK
0002109846
Portfolio Value
$486.1M (Q1 2026)
SEC Filing
0001420506-26-000923 ↗ filed May 12, 2026

Holdings Value

0$200.0M$400.0M$600.0M Q4 2025: $470.0M Q4 2025 Q1 2026: $486.1M $486.1M Q1 2026 Q2 2026: $569.2M Q2 2026

Holdings 445 stocks · $486.1M
NVDA Nvidia Corp. 4.81% 134,151 $23.4M Add +7.9%
AAPL Apple Inc. 4.56% 87,420 $22.2M Add +5.7%
MSFT Microsoft Corp. 3.61% 47,354 $17.5M Add +9.0%
GOOGL Alphabet Inc. Class A 3.33% 56,285 $16.2M Add +2.9%
TSM Taiwan Semiconductor-SP ADR 2.38% 34,303 $11.6M Add +4.5%
AMZN Amazon.com Inc. 2.20% 51,265 $10.7M Add +4.3%
IVV iShares Core S&P 500 ETF 2.05% 15,226 $9.9M Reduce -5.0%
VOO Vanguard S&P 500 ETF 1.83% 14,890 $8.9M Add +24.8%
IWM iShares Russell 2000 ETF 1.81% 35,480 $8.8M Add +12.7%
AVGO Broadcom Inc. 1.80% 28,303 $8.8M Add +4.2%
LLY Eli Lilly & Co. 1.68% 8,857 $8.1M Add +4.8%
META Meta Platforms Inc. Class A 1.48% 12,568 $7.2M Add +3.8%
XOM Exxon Mobil Corp. 1.28% 36,598 $6.2M Add +4.9%
RSP Invesco S&P 500 Equal Weight 1.24% 31,462 $6.0M Add +16.2%
BRK.B Berkshire Hathaway Inc. Class B 1.24% 12,548 $6.0M Add +6.6%
IEMG iShares Core MSCI Emerging 1.23% 85,866 $6.0M Add +7.8%
TSLA Tesla Inc. 1.16% 15,231 $5.7M Add +5.0%
IEFA iShares Core MSCI Eafe ETF 1.10% 58,988 $5.3M Reduce -0.1%
IWY iShares Russell Top 200 Grow 1.02% 19,982 $5.0M Reduce -0.3%
JPM JPMorgan Chase & Co. 1.02% 16,775 $4.9M Add +1.7%
VEA Vanguard Ftse Developed ETF 0.96% 72,810 $4.7M Add +8.6%
NFLX Netflix Inc. 0.83% 41,971 $4.0M Add +8.7%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.75% 9,984 $3.7M Add +53.8%
CAT Caterpillar Inc. 0.74% 5,111 $3.6M Add +3.6%
WMT Walmart Inc. 0.71% 27,593 $3.4M Add +6.2%
IVE iShares S&P 500 Value ETF 0.69% 15,835 $3.3M Reduce -5.7%
LRCX Lam Research Corp. 0.68% 15,451 $3.3M Add +2.6%
EVTR Eaton Vance Total Return 0.68% 64,645 $3.3M Add +0.3%
V Visa Inc. Class A 0.67% 10,840 $3.3M Add +0.3%
CVX Chevron Corp. 0.64% 15,076 $3.1M Add +6.0%
VTV Vanguard Mrngstr Val ETF-Aui 0.62% 15,255 $3.0M Add +34.1%
COST Costco Wholesale Corp. 0.57% 2,778 $2.8M Add +13.3%
GOOG Alphabet Inc. Class C 0.56% 9,513 $2.7M Add +101.7%
EVSD Eaton Vance SHRT Dur Inc. 0.53% 50,665 $2.6M Reduce -9.4%
GE General Electric filed as GE AEROSPACE 0.51% 8,728 $2.5M Add +4.4%
SHEL Shell PLC-ADR 0.49% 25,870 $2.4M Add +6.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.49% 49,063 $2.4M Add +1.0%
ABBV Abbvie Inc. 0.47% 10,527 $2.3M Add +5.2%
GS Goldman Sachs Group Inc. 0.46% 2,665 $2.3M Add +2.6%
MA Mastercard Inc. Class A 0.45% 4,393 $2.2M Add +12.3%
MRK Merck & Co. Inc. 0.45% 17,993 $2.2M Add +5.3%
AMD Advanced Micro Devices 0.44% 10,492 $2.1M Add +4.3%
CNQ Canadian Natural Resources 0.42% 42,115 $2.1M Add +1.9%
PG The Procter & Gamble Co. 0.41% 13,946 $2.0M Add +6.4%
MU Micron Technology Inc. 0.41% 5,932 $2.0M Add +29.9%
NVS Novartis AG-Sponsored ADR 0.40% 12,612 $1.9M Add +6.2%
HD Home Depot Inc. 0.40% 5,851 $1.9M Add +2.9%
JNJ Johnson & Johnson 0.38% 7,486 $1.8M Add +15.6%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.36% 17,373 $1.7M Add +4.6%
CLS Celestica Inc. 0.35% 6,078 $1.7M Reduce -2.4%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.35% 1,294 $1.7M Add +18.6%
TTE Totalenergies SE 0.35% 18,729 $1.7M Add +3.1%
GEV GE Vernova Inc. 0.35% 1,937 $1.7M Add +6.5%
RTX RTX Corp. 0.33% 8,407 $1.6M Add +4.2%
SHG Shinhan Financial Group-ADR 0.33% 26,140 $1.6M Add +4.7%
AZN Astrazeneca PLC 0.33% 8,107 $1.6M Add +5.4%
SCCO Southern Copper Corp. 0.33% 9,239 $1.6M Add +2.8%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.32% 19,142 $1.6M Add +5.9%
IBN Icici Bank Ltd.-Spon ADR 0.32% 60,961 $1.6M Add +4.7%
SAP Sap SE-Sponsored ADR 0.32% 9,210 $1.6M Add +2.3%
AMGN Amgen Inc. 0.32% 4,407 $1.6M Add +4.6%
COP Conocophillips 0.32% 11,700 $1.5M Add +2.9%
VUG Vanguard Mrngstar GR ETF-Sui 0.32% 3,520 $1.5M Reduce -2.1%
BSV Vanguard Short-Term Bond ETF 0.31% 19,448 $1.5M Reduce -15.6%
BIV Vanguard Intermediate-Term B 0.31% 19,565 $1.5M Reduce -15.8%
VTI VG Morningstar TS MKT ETF-US 0.31% 4,694 $1.5M Reduce -24.4%
PLTR Palantir Technologies Inc. Class A 0.31% 10,235 $1.5M Add +24.7%
MPC Marathon Petroleum Corp. 0.30% 6,052 $1.5M Add +0.6%
BLK BlackRock Inc. 0.30% 1,504 $1.4M Reduce -0.1%
PM Philip Morris International 0.29% 8,643 $1.4M Add +13.7%
TAK Takeda Pharmaceutic-SP ADR 0.29% 76,905 $1.4M Add +1.5%
MCD McDonald's Corp. 0.29% 4,540 $1.4M Add +3.8%
KO The Coca-Cola Co. 0.27% 17,519 $1.3M Add +8.2%
JEPI JPMorgan Equity Premium Inco 0.26% 22,533 $1.3M Add +0.3%
UL Unilever PLC-Sponsored ADR 0.26% 22,153 $1.3M Add +2.8%
BTI British American Tob-SP ADR 0.26% 21,388 $1.3M Add +3.7%
BABA Alibaba Group Holding-SP ADR 0.26% 9,959 $1.2M Add +7.9%
LIN Linde PLC 0.26% 2,511 $1.2M Add +10.7%
WDC Western Digital Corp. 0.26% 4,591 $1.2M Add +3.2%
VST Vistra Corp. 0.25% 8,076 $1.2M Add +1.1%
CRM Salesforce Inc. 0.25% 6,420 $1.2M Reduce -2.1%
INFY Infosys Ltd.-SP ADR 0.24% 88,071 $1.2M Add +8.2%
ORCL Oracle Corp. 0.24% 8,041 $1.2M Add +12.0%
AZO AutoZone Inc. 0.24% 347 $1.2M Add +0.3%
RDY Dr. Reddy's Laboratories-ADR 0.24% 83,753 $1.2M Add +3.1%
WFC Wells Fargo & Co. 0.23% 14,170 $1.1M Add +8.3%
HDB HDFC Bank Ltd.-ADR 0.23% 45,190 $1.1M Reduce -9.5%
CMI Cummins Inc. 0.23% 2,057 $1.1M Add +1.2%
TD Toronto-Dominion Bank 0.23% 11,831 $1.1M Add +6.3%
QSR Restaurant Brands Intern 0.23% 14,813 $1.1M Add +1.4%
RY Royal Bank of Canada 0.22% 6,721 $1.1M Add +8.7%
PH Parker Hannifin Corp. 0.22% 1,209 $1.1M Add +2.7%
MS Morgan Stanley 0.21% 6,278 $1.0M Add +4.5%
CRH CRH PLC 0.21% 9,752 $1.0M Add +1.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.21% 6,419 $1.0M Add +12.8%
GILD Gilead Sciences Inc. 0.21% 7,278 $1.0M Add +5.3%
ISRG Intuitive Surgical Inc. 0.21% 2,189 $1.0M Add +5.8%
IMO Imperial Oil Ltd. 0.21% 7,711 $1.0M Add +1.2%
WMB Williams Cos Inc. 0.21% 13,821 $1.0M Reduce -1.8%
VRTX Vertex Pharmaceuticals Inc. 0.20% 2,195 $980K Add +6.2%

Show all 445 holdings

Portfolio Sells Q4 2025 → Q1 2026
IVV iShares Core S&P 500 ETF Reduce -5.0% 2.05% −0.29
IWY iShares Russell Top 200 Grow Reduce -0.3% 1.02% −0.16
HDB HDFC Bank Ltd.-ADR Reduce -9.5% 0.23% −0.16
VTI VG Morningstar TS MKT ETF-US Reduce -24.4% 0.31% −0.13
CRM Salesforce Inc. Reduce -2.1% 0.25% −0.12
VWO Vanguard Ftse Emerging Marke Reduce -51.1% 0.11% −0.12
BND Vanguard Total Bond Market Sold out 0.00% −0.12
WIT Wipro Ltd.-ADR Reduce -12.3% 0.15% −0.09
SPOT Spotify Technology SA Sold out 0.00% −0.08
EXAS Exact Sciences Corp. Sold out 0.00% −0.08
EVSD Eaton Vance SHRT Dur Inc. Reduce -9.4% 0.53% −0.08
OMC Omnicom Group Sold out 0.00% −0.08
BIV Vanguard Intermediate-Term B Reduce -15.8% 0.31% −0.07
BSV Vanguard Short-Term Bond ETF Reduce -15.6% 0.31% −0.07
AFRM Affirm Holdings Inc. Reduce -0.4% 0.10% −0.07
IVE iShares S&P 500 Value ETF Reduce -5.7% 0.69% −0.07
GLDD Great Lakes Dredge & Dock Co. Sold out 0.00% −0.07
RDDT Reddit Inc. Class A Reduce -0.4% 0.08% −0.06
UPST Upstart Holdings Inc. Sold out 0.00% −0.06
IOO iShares Global 100 ETF Sold out 0.00% −0.06
ZS Zscaler Inc. Sold out 0.00% −0.06
CSGP Costar Group Inc. Sold out 0.00% −0.06
SPYG SS SPDR P S&P 500 Growth ETF Sold out 0.00% −0.06
VUG Vanguard Mrngstar GR ETF-Sui Reduce -2.1% 0.32% −0.06
DKNG Draftkings Inc. Class A Sold out 0.00% −0.05
ADBE Adobe Inc. Reduce -1.8% 0.10% −0.05
G Genpact Ltd. Sold out 0.00% −0.05
WYNN WYNN Resorts Ltd. Sold out 0.00% −0.05
PRU Prudential Financial Inc. Sold out 0.00% −0.05
HEI Heico Corp. Sold out 0.00% −0.05
BXP BXP Inc. Sold out 0.00% −0.05
SPGI S&P Global Inc. Reduce -0.6% 0.17% −0.05
CNC Centene Corp. Sold out 0.00% −0.05
VCIT Vanguard Int-Term Corporate Sold out 0.00% −0.05
VRNS Varonis Systems Inc. Sold out 0.00% −0.05
BLK BlackRock Inc. Reduce -0.1% 0.30% −0.05
ALLE Allegion PLC Sold out 0.00% −0.04
MDWD Mediwound Ltd. Sold out 0.00% −0.04
ITA iShares U.S. Aerospace & Def Sold out 0.00% −0.04
GDDY GoDaddy Inc. Class A Sold out 0.00% −0.04
HUBS HubSpot Inc. Sold out 0.00% −0.04
LEN Lennar Corp. Class A Sold out 0.00% −0.04
CLS Celestica Inc. Reduce -2.4% 0.35% −0.04
COF Capital One Financial Corp. Reduce -7.0% 0.08% −0.04
NAD Nuveen Quality Municipal Inc. Sold out 0.00% −0.03
XMVTX BlackRock Munivest Fund II Sold out 0.00% −0.03
NZF Nuveen Municipal Credit Inc. Sold out 0.00% −0.03
IQI Invesco Quality Muni Inc. TR Sold out 0.00% −0.03
ATMP Ipath Select MLP ETN Reduce -32.3% 0.10% −0.03
QUBT Quantum Computing Inc. Sold out 0.00% −0.03

Portfolio Buys Q4 2025 → Q1 2026
XOM Exxon Mobil Corp. Add +4.9% 1.28% +0.38
TSM Taiwan Semiconductor-SP ADR Add +4.5% 2.38% +0.26
GOOG Alphabet Inc. Class C Add +101.7% 0.56% +0.25
VOO Vanguard S&P 500 ETF Add +24.8% 1.83% +0.24
MGK Vngrd Mrgstr MG CP GR ETF-Ui Add +53.8% 0.75% +0.18
CVX Chevron Corp. Add +6.0% 0.64% +0.18
IWM iShares Russell 2000 ETF Add +12.7% 1.81% +0.16
VTV Vanguard Mrngstr Val ETF-Aui Add +34.1% 0.62% +0.15
CAT Caterpillar Inc. Add +3.6% 0.74% +0.14
RSP Invesco S&P 500 Equal Weight Add +16.2% 1.24% +0.14
MU Micron Technology Inc. Add +29.9% 0.41% +0.13
LRCX Lam Research Corp. Add +2.6% 0.68% +0.13
CNQ Canadian Natural Resources Add +1.9% 0.42% +0.12
SNDK Sandisk Corp. Add +7.2% 0.19% +0.12
COST Costco Wholesale Corp. Add +13.3% 0.57% +0.12
VXF Vanguard Extended Market ETF New 0.12% +0.12
SHEL Shell PLC-ADR Add +6.4% 0.49% +0.11
SKM SK Telecom Co. Ltd.-Spon ADR New 0.11% +0.11
ASML ASML Holding NV-NY Reg SHS Add +18.6% 0.35% +0.10
TTE Totalenergies SE Add +3.1% 0.35% +0.10
MPC Marathon Petroleum Corp. Add +0.6% 0.30% +0.10
GEV GE Vernova Inc. Add +6.5% 0.35% +0.09
IEMG iShares Core MSCI Emerging Add +7.8% 1.23% +0.09
WDC Western Digital Corp. Add +3.2% 0.26% +0.09
JNJ Johnson & Johnson Add +15.6% 0.38% +0.09
COP Conocophillips Add +2.9% 0.32% +0.09
INTC Intel Corp. Add +109.3% 0.15% +0.09
WMT Walmart Inc. Add +6.2% 0.71% +0.09
ASTS Ast Spacemobile Inc. New 0.09% +0.09
OXY Occidental Petroleum Corp. Add +29.6% 0.16% +0.08
OEF iShares S&P 100 ETF New 0.08% +0.08
CIEN Ciena Corp. New 0.07% +0.07
VZ Verizon Communications Inc. New 0.07% +0.07
AMAT Applied Materials Inc. Add +32.7% 0.17% +0.07
VEA Vanguard Ftse Developed ETF Add +8.6% 0.96% +0.07
IMO Imperial Oil Ltd. Add +1.2% 0.21% +0.07
DOW Dow Inc. New 0.06% +0.06
MRK Merck & Co. Inc. Add +5.3% 0.45% +0.06
NFLX Netflix Inc. Add +8.7% 0.83% +0.06
EVSM Eaton Vance SHRT Dur Muni Add +95.7% 0.13% +0.06
Q Qnity Electronics Inc. New 0.06% +0.06
VXUS Vanguard Total Intl Stock New 0.06% +0.06
DISV Dimensional International SM New 0.06% +0.06
SBS Cia Saneamento Basico DE-ADR New 0.06% +0.06
CPNG Coupang Inc. New 0.06% +0.06
AEIS Advanced Energy Industries New 0.06% +0.06
BG Bunge Global SA New 0.05% +0.05
SCCO Southern Copper Corp. Add +2.8% 0.33% +0.05
KB KB Financial Group Inc.-ADR Add +4.6% 0.36% +0.05
FE Firstenergy Corp. New 0.05% +0.05

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 459$569.2MNVDA, AAPL, GOOGL, MSFT, TSM
Q1 2026 445$486.1MNVDA, AAPL, MSFT, GOOGL, TSM
Q4 2025 428$470.0MNVDA, AAPL, MSFT, GOOGL, AMZN