In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), QVR LLC reported 36 stock positions worth $587.7 million . Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 94.6% of the portfolio, followed by Nvidia (NVDA, 1.0% ) and Microsoft (MSFT, 0.9% ). Compared with Q4 2023, it opened 35 new positions, sold out of 2 and added to 1. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +338% ) and the biggest sale an exit from Invesco QQQ Trust Series 1 (QQQ).
Location San Francisco, CA
CIK 0001718858
Portfolio Value $587.7M (Q1 2024) Holdings 36 stocks · $587.7M 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 2023 SPY SS SPDR S&P 500 ETF Trust-US 1,063,254 $556.2M Add +337.6% NVDA Nvidia Corp. 6,278 $5.7M New MSFT Microsoft Corp. 12,398 $5.2M New BRK.B Berkshire Hathaway Inc. Class B 5,225 $2.2M New GOOGL Alphabet Inc. Class A 13,036 $2.0M New JPM JPMorgan Chase & Co. 8,173 $1.6M New GOOG Alphabet Inc. Class C 9,603 $1.5M New AMZN Amazon.com Inc. 7,276 $1.3M New MRK Merck & Co. Inc. 8,783 $1.2M New XOM Exxon Mobil Corp. 6,970 $810K New KO The Coca-Cola Co. 11,604 $710K New PG The Procter & Gamble Co. 3,746 $608K New RTX RTX Corp. 6,162 $601K New COP Conocophillips 4,319 $550K New PEP Pepsico Inc. 3,106 $544K New BAC Bank of America Corp. filed as BANK AMERICA CORP 13,184 $500K New JNJ Johnson & Johnson 3,024 $478K New VZ Verizon Communications Inc. 10,830 $454K New CVX Chevron Corp. 2,857 $451K New MDT Medtronic PLC 5,017 $437K New UNH Unitedhealth Group Inc. 835 $413K New CMCSA Comcast Corp. Class A 9,191 $398K New CI The Cigna Group 1,079 $392K New LLY Eli Lilly & Co. 499 $388K New BMY Bristol-Myers Squibb Co. 6,610 $358K New DIS The Walt Disney Co. filed as DISNEY WALT CO 2,691 $329K New PGR Progressive Corp. 1,479 $306K New MA Mastercard Inc. Class A 587 $283K New CAT Caterpillar Inc. 744 $273K New WFC Wells Fargo & Co. 4,066 $236K New MU Micron Technology Inc. 1,971 $232K New ELV Elevance Health Inc. 444 $230K New BSX Boston Scientific Corp. 3,329 $228K New BA The Boeing Co. 1,179 $228K New GE General Electric 1,258 $221K New GS Goldman Sachs Group Inc. 524 $219K New
Portfolio Sells Q4 2023 → Q1 2024 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 2023 % Of Portfolio Change To Portfolio ▲ QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −9.44 IWM iShares Russell 2000 ETF Sold out 0.00% −5.16
Portfolio Buys Q4 2023 → Q1 2024 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 2023 % Of Portfolio Change To Portfolio ▼ SPY SS SPDR S&P 500 ETF Trust-US Add +337.6% 94.64% +9.24 NVDA Nvidia Corp. New 0.97% +0.97 MSFT Microsoft Corp. New 0.89% +0.89 BRK.B Berkshire Hathaway Inc. Class B New 0.37% +0.37 GOOGL Alphabet Inc. Class A New 0.33% +0.33 JPM JPMorgan Chase & Co. New 0.28% +0.28 GOOG Alphabet Inc. Class C New 0.25% +0.25 AMZN Amazon.com Inc. New 0.22% +0.22 MRK Merck & Co. Inc. New 0.20% +0.20 XOM Exxon Mobil Corp. New 0.14% +0.14 KO The Coca-Cola Co. New 0.12% +0.12 PG The Procter & Gamble Co. New 0.10% +0.10 RTX RTX Corp. New 0.10% +0.10 COP Conocophillips New 0.09% +0.09 PEP Pepsico Inc. New 0.09% +0.09 BAC Bank of America Corp. New 0.09% +0.09 JNJ Johnson & Johnson New 0.08% +0.08 VZ Verizon Communications Inc. New 0.08% +0.08 CVX Chevron Corp. New 0.08% +0.08 MDT Medtronic PLC New 0.07% +0.07 UNH Unitedhealth Group Inc. New 0.07% +0.07 CMCSA Comcast Corp. Class A New 0.07% +0.07 CI The Cigna Group New 0.07% +0.07 LLY Eli Lilly & Co. New 0.07% +0.07 BMY Bristol-Myers Squibb Co. New 0.06% +0.06 DIS The Walt Disney Co. New 0.06% +0.06 PGR Progressive Corp. New 0.05% +0.05 MA Mastercard Inc. Class A New 0.05% +0.05 CAT Caterpillar Inc. New 0.05% +0.05 WFC Wells Fargo & Co. New 0.04% +0.04 MU Micron Technology Inc. New 0.04% +0.04 ELV Elevance Health Inc. New 0.04% +0.04 BSX Boston Scientific Corp. New 0.04% +0.04 BA The Boeing Co. New 0.04% +0.04 GE General Electric New 0.04% +0.04 GS Goldman Sachs Group Inc. New 0.04% +0.04
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Sold out 98,000 $40.1Mbefore exit IWM iShares Russell 2000 ETF put Sold out 140,000 $28.1Mbefore 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 0 $0 Q1 2026 36 $203.6M TSLA, GOOG, NVDA, META, GOOGL Q4 2025 55 $143.1M TSLA, GOOG, META, GOOGL, AMD Q3 2025 44 $82.6M AAPL, NVDA, GOOGL, TSLA, GOOG Q2 2025 36 $99.2M SPY, COST, TGT, QQQ, NVDA Q1 2025 0 $0 Q4 2024 0 $0 Q3 2024 0 $0 Q2 2024 1 $102.7M SPY Q1 2024 36 $587.7M SPY, NVDA, MSFT, BRK.B, GOOGL