Rahlfs Capital, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 28, 2026), Rahlfs Capital, LLC reported 86 stock positions worth $136.2 million. Its top holding was Apple (AAPL) at 7.9% of the portfolio, followed by JPMorgan Ultra-Short Income (JPST, 7.5%) and Berkshire Hathaway Class B (BRK.B, 5.5%). Compared with Q1 2026, it opened 5 new positions, sold out of 5, added to 8 and reduced 12. The biggest buy was a new position in Meta Platforms Class A (META) and the biggest sale JPMorgan Ultra-Short Income (JPST, shares −20%).

Most Recent 13F
Q2 2026
Location
LAKE KIOWA, TX
CIK
0002056410
Portfolio Value
$136.2M (Q2 2026)
SEC Filing
0002056410-26-000003 ↗ filed Jul 28, 2026

Holdings Value

0$50.0M$100.0M$150.0M Q4 2024: $100.9M Q4 2024 Q1 2025: $99.9M Q1 2025 Q2 2025: $109.2M Q2 2025 Q3 2025: $126.4M Q3 2025 Q4 2025: $128.8M Q4 2025 Q1 2026: $136.1M Q1 2026 Q2 2026: $136.2M $136.2M Q2 2026

Holdings 86 stocks · $136.2M
AAPL Apple Inc. 7.87% 37,020 $10.7M Add +0.3%
JPST JPMorgan Ultra-Short Income 7.49% 201,780 $10.2M Reduce -19.9%
BRK.B Berkshire Hathaway Inc. Class B 5.51% 14,992 $7.5M No change
GOOGL Alphabet Inc. Class A 5.28% 20,115 $7.2M Add +9.1%
WMT Walmart Inc. 3.91% 47,015 $5.3M No change
MSFT Microsoft Corp. 3.77% 13,765 $5.1M Reduce -1.4%
INTC Intel Corp. 3.77% 36,759 $5.1M No change
XOM Exxon Mobil Corp. 3.63% 36,126 $4.9M No change
TXN Texas Instruments Inc. 2.53% 11,563 $3.4M Reduce -3.3%
GDX Vaneck Gold Miners ETF 2.45% 44,255 $3.3M No change
SO The Southern Co. 1.96% 27,895 $2.7M No change
JEPI JPMorgan Equity Premium Inco 1.83% 44,092 $2.5M Reduce -4.6%
AMZN Amazon.com Inc. 1.74% 9,955 $2.4M Add +4.1%
MCD McDonald's Corp. 1.71% 8,610 $2.3M Reduce -6.0%
NVDA Nvidia Corp. 1.66% 11,270 $2.3M No change
OEF iShares S&P 100 ETF 1.64% 6,100 $2.2M No change
NEM Newmont Corp. 1.62% 23,585 $2.2M No change
JNJ Johnson & Johnson 1.60% 8,600 $2.2M No change
VZ Verizon Communications Inc. 1.58% 50,896 $2.2M No change
META Meta Platforms Inc. Class A 1.46% 3,521 $2.0M New
EBAY eBay Inc. 1.44% 17,545 $2.0M Add +12.4%
TKO Tko Group Holdings Inc. 1.42% 9,595 $1.9M Reduce -1.5%
APA Apa Corp. 1.40% 58,700 $1.9M No change
DUK Duke Energy Corp. 1.39% 14,986 $1.9M No change
EOG EOG Resources Inc. 1.25% 13,155 $1.7M Add +7.1%
ADM Archer-Daniels-Midland Co. 1.17% 20,810 $1.6M No change
ABBV Abbvie Inc. 1.09% 5,899 $1.5M Reduce -7.8%
PEP Pepsico Inc. 1.06% 10,665 $1.4M No change
PM Philip Morris International 1.04% 7,829 $1.4M No change
BSM Black Stone Minerals LP 1.03% 100,062 $1.4M No change
EWJ iShares MSCI Japan ETF 1.01% 14,760 $1.4M No change
CVX Chevron Corp. 0.98% 8,069 $1.3M No change
EWS iShares MSCI Singapore ETF 0.98% 45,095 $1.3M No change
ILF iShares Latin America 40 ETF 0.95% 38,250 $1.3M No change
ORCL Oracle Corp. 0.89% 8,245 $1.2M No change
BMY Bristol-Myers Squibb Co. 0.84% 19,851 $1.1M No change
ET Energy Transfer LP 0.82% 58,225 $1.1M No change
TGT Target Corp. 0.74% 7,697 $1.0M No change
SLV iShares Silver Trust 0.67% 17,075 $913K Add +4.6%
PFE Pfizer Inc. 0.67% 37,686 $907K No change
EWZ iShares MSCI Brazil ETF 0.67% 26,250 $906K New
SBR Sabine Royalty Trust 0.64% 11,985 $877K No change
MO Altria Group Inc. 0.61% 11,597 $834K No change
GPC Genuine Parts Co. 0.60% 6,977 $823K No change
D Dominion Energy Inc. 0.60% 12,050 $823K No change
KO The Coca-Cola Co. 0.56% 9,451 $768K No change
CRK Comstock Resources Inc. 0.54% 48,850 $729K Reduce -1.0%
GS Goldman Sachs Group Inc. 0.52% 700 $708K No change
UBER Uber Technologies Inc. 0.52% 9,799 $707K No change
FWONK Liberty Media Corp. Class C 0.51% 7,300 $695K Reduce -9.9%
MRK Merck & Co. Inc. 0.50% 5,325 $684K No change
ABT Abbott Laboratories 0.48% 7,165 $650K Reduce -14.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.47% 850 $635K No change
CVS CVS Health Corp. 0.45% 5,930 $613K No change
CPNG Coupang Inc. 0.44% 34,525 $600K Add +1.5%
WMB Williams Cos Inc. 0.42% 7,775 $578K No change
EWT iShares MSCI Taiwan ETF 0.40% 5,075 $551K No change
COST Costco Wholesale Corp. 0.37% 540 $505K No change
CSCO Cisco Systems Inc. 0.36% 4,200 $493K No change
FBTC Fidelity Wise Origin Bitcoin 0.36% 9,550 $488K Reduce -6.8%
DVN Devon Energy Corp. 0.35% 11,425 $472K No change
FTSM First Trust Enh Short Mat FD 0.34% 7,850 $469K No change
MXF Mexico Fund Inc. 0.34% 20,875 $457K No change
ADBE Adobe Inc. 0.32% 2,127 $436K Add +0.9%
PG The Procter & Gamble Co. 0.30% 2,755 $404K No change
XYZ Block Inc. 0.29% 5,258 $400K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.28% 3,900 $375K No change
SHEL Shell PLC-ADR 0.27% 4,777 $370K No change
PYPL PayPal Holdings Inc. 0.27% 8,561 $370K No change
TWN Taiwan Fund Inc./TH/MD-US Inc. 0.25% 3,500 $337K No change
FNV Franco-Nevada Corp. 0.24% 1,550 $323K No change
BAC Bank of America Corp. 0.23% 5,450 $311K No change
IWS iShares Russell Mid-Cap Valu 0.22% 1,850 $305K No change
AMGN Amgen Inc. 0.22% 840 $304K No change
EWH iShares MSCI Hong Kong ETF 0.22% 14,300 $299K No change
SNOW Snowflake Inc. 0.22% 1,172 $298K New
STEL Stellar Bancorp Inc. 0.22% 7,581 $298K No change
SNPS Synopsys Inc. 0.20% 615 $274K New
KMB Kimberly-Clark Corp. 0.19% 2,350 $258K No change
FXI iShares China Large-Cap ETF 0.19% 8,055 $254K No change
VNLA Janus Henderson Short Durati 0.18% 5,000 $244K Reduce -90.9%
DG Dollar General Corp. 0.17% 2,005 $231K No change
AFL Aflac Inc. 0.16% 1,897 $222K No change
FCX Freeport-McMoran Inc. 0.16% 3,460 $218K No change
MSTR Strategy Inc. 0.16% 2,485 $216K No change
DGRO iShares Core Dividend Growth 0.15% 2,700 $205K New

Portfolio Sells Q1 2026 → Q2 2026
JPST JPMorgan Ultra-Short Income Reduce -19.9% 7.49% −1.88
VNLA Janus Henderson Short Durati Reduce -90.9% 0.18% −1.79
TSLA Tesla Inc. Sold out 0.00% −1.08
AMD Advanced Micro Devices Sold out 0.00% −1.02
MCD McDonald's Corp. Reduce -6.0% 1.71% −0.38
CRK Comstock Resources Inc. Reduce -1.0% 0.54% −0.23
T AT&T Inc. Sold out 0.00% −0.19
LMT Lockheed Martin Corp. Sold out 0.00% −0.15
ABT Abbott Laboratories Reduce -14.1% 0.48% −0.15
JEPI JPMorgan Equity Premium Inco Reduce -4.6% 1.83% −0.10
FBTC Fidelity Wise Origin Bitcoin Reduce -6.8% 0.36% −0.09
SJT San Juan Basin Royalty TR Sold out 0.00% −0.04
MSFT Microsoft Corp. Reduce -1.4% 3.77% −0.03
TKO Tko Group Holdings Inc. Reduce -1.5% 1.42% −0.03
FWONK Liberty Media Corp. Class C Reduce -9.9% 0.51% +0.00
ABBV Abbvie Inc. Reduce -7.8% 1.09% +0.07
TXN Texas Instruments Inc. Reduce -3.3% 2.53% +0.82

Portfolio Buys Q1 2026 → Q2 2026
META Meta Platforms Inc. Class A New 1.46% +1.46
GOOGL Alphabet Inc. Class A Add +9.1% 5.28% +1.38
AAPL Apple Inc. Add +0.3% 7.87% +0.98
EWZ iShares MSCI Brazil ETF New 0.67% +0.67
EBAY eBay Inc. Add +12.4% 1.44% +0.40
AMZN Amazon.com Inc. Add +4.1% 1.74% +0.28
SNOW Snowflake Inc. New 0.22% +0.22
SNPS Synopsys Inc. New 0.20% +0.20
DGRO iShares Core Dividend Growth New 0.15% +0.15
CPNG Coupang Inc. Add +1.5% 0.44% −0.03
EOG EOG Resources Inc. Add +7.1% 1.25% −0.05
ADBE Adobe Inc. Add +0.9% 0.32% −0.06
SLV iShares Silver Trust Add +4.6% 0.67% −0.15

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 86$136.2MAAPL, JPST, BRK.B, GOOGL, WMT
Q1 2026 86$136.1MJPST, AAPL, BRK.B, XOM, WMT
Q4 2025 84$128.8MJPST, AAPL, BRK.B, MSFT, GOOGL
Q3 2025 88$126.4MAAPL, MSFT, BRK.B, JPST, WMT
Q2 2025 89$109.2MAAPL, MSFT, BRK.B, WMT, XOM
Q1 2025 76$99.9MAAPL, BRK.B, MSFT, WMT, XOM
Q4 2024Amended 78$100.9MAAPL, MSFT, BRK.B, WMT, XOM