Tran Capital Management, L.P.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 15, 2026), Tran Capital Management, L.P. reported 66 stock positions worth $868.7 million. Its top holding was Arm Holdings PLC-ADR (ARM) at 9.9% of the portfolio, followed by Palo Alto Networks (PANW, 8.0%) and Nvidia (NVDA, 6.7%). Compared with Q1 2026, it opened 7 new positions, sold out of 12, added to 12 and reduced 34. The biggest buy was a new position in Crocs (CROX) and the biggest sale an exit from Intuit (INTU).
- Most Recent 13F
- Q2 2026
- Location
- SAN RAFAEL, CA
- CIK
- 0001009262
- Portfolio Value
- $868.7M (Q2 2026)
- SEC Filing
- 0001104659-26-083830 ↗ filed Jul 15, 2026
Holdings Value
Holdings 66 stocks · $868.7M
| ARM Arm Holdings PLC-ADR | 9.86% | 241,540 | $85.6M | Reduce -11.5% |
| PANW Palo Alto Networks Inc. | 7.97% | 203,058 | $69.2M | Reduce -0.1% |
| NVDA Nvidia Corp. | 6.71% | 291,411 | $58.3M | Add +10.2% |
| AMZN Amazon.com Inc. | 4.83% | 175,984 | $41.9M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 4.42% | 107,489 | $38.4M | Reduce -1.0% |
| FERG Ferguson Enterprises Inc. | 4.39% | 160,769 | $38.2M | Reduce -1.4% |
| GEV GE Vernova Inc. | 4.08% | 30,201 | $35.5M | Reduce -3.3% |
| DHR Danaher Corp. | 4.08% | 186,081 | $35.4M | Add +6.2% |
| MSFT Microsoft Corp. | 3.99% | 92,904 | $34.7M | Reduce -1.2% |
| TLN Talen Energy Corp. | 3.96% | 89,430 | $34.4M | Reduce -1.4% |
| TSM Taiwan Semiconductor-SP ADR | 3.77% | 68,614 | $32.8M | Reduce -2.0% |
| PSX Phillips 66 | 3.68% | 189,102 | $32.0M | Reduce -0.4% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 2.99% | 327,392 | $25.9M | Add +0.3% |
| MLM Martin Marietta Materials | 2.86% | 43,072 | $24.8M | Reduce -1.9% |
| META Meta Platforms Inc. Class A | 2.72% | 41,933 | $23.6M | Reduce -9.0% |
| TYL Tyler Technologies Inc. | 2.61% | 77,442 | $22.6M | Add +28.0% |
| CROX Crocs Inc. | 2.21% | 158,885 | $19.2M | New |
| ELE Elemental Royalty Corp. | 2.11% | 1,049,124 | $18.3M | Add +4.6% |
| ATI Ati Inc. | 2.04% | 89,993 | $17.7M | Reduce -1.0% |
| NFLX Netflix Inc. | 1.82% | 221,959 | $15.8M | Reduce -25.6% |
| BWXT BWX Technologies Inc. | 1.76% | 78,531 | $15.3M | Reduce -13.2% |
| WCC Wesco International Inc. | 1.75% | 43,911 | $15.2M | Reduce -0.8% |
| MU Micron Technology Inc. | 1.62% | 12,221 | $14.1M | New |
| PGR Progressive Corp. | 1.60% | 63,698 | $13.9M | Reduce -15.1% |
| CF CF Industries Holdings Inc. | 1.54% | 123,491 | $13.4M | New |
| AER Aercap Holdings NV | 1.25% | 74,360 | $10.8M | No change |
| ALC Alcon Inc. filed as ALCON AG | 1.14% | 147,625 | $9.9M | New |
| THC Tenet Healthcare Corp. | 1.11% | 51,427 | $9.6M | Add +58.6% |
| LPLA LPL Financial Holdings Inc. | 0.91% | 28,177 | $7.9M | Add +1424.7% |
| QXO Qxo Inc. | 0.77% | 386,211 | $6.7M | Add +2575.7% |
| TPL Texas Pacific Land Corp. | 0.74% | 14,641 | $6.4M | Add +2.4% |
| NET Cloudflare Inc. Class A | 0.48% | 16,841 | $4.1M | New |
| RWT Redwood Trust Inc. | 0.34% | 628,267 | $3.0M | Reduce -11.0% |
| SCHR Schwab Intermediate-Term US | 0.31% | 109,300 | $2.7M | Reduce -4.9% |
| SCHP Schwab U.S. Tips ETF | 0.30% | 99,399 | $2.6M | Reduce -5.0% |
| PFF iShares Preferred & Income S | 0.30% | 86,278 | $2.6M | Reduce -5.0% |
| VMBS Vanguard Mortgage-Backed Sec | 0.29% | 54,362 | $2.5M | Reduce -5.2% |
| AAPL Apple Inc. | 0.27% | 8,201 | $2.4M | Reduce -5.8% |
| AMD Advanced Micro Devices | 0.20% | 3,013 | $1.8M | Reduce -22.2% |
| EXR Extra Space Storage Inc. | 0.20% | 11,910 | $1.7M | No change |
| KEYS Keysight Technologies Inc. | 0.20% | 4,875 | $1.7M | Reduce -9.3% |
| FICO Fair Isaac Corp. | 0.17% | 1,229 | $1.5M | Reduce -0.1% |
| GGG Graco Inc. | 0.15% | 17,250 | $1.3M | Reduce -4.4% |
| TSLA Tesla Inc. | 0.15% | 3,030 | $1.3M | Reduce -4.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 1,601 | $1.2M | Add +1.1% |
| BE Bloom Energy Corp. Class A | 0.12% | 3,379 | $1.0M | Reduce -0.8% |
| SCHW Schwab (charles) Corp. | 0.11% | 10,295 | $950K | Reduce -17.2% |
| AFL Aflac Inc. | 0.11% | 8,000 | $938K | No change |
| EEM iShares MSCI Emerging Market | 0.10% | 12,475 | $853K | No change |
| APD Air Products & Chemicals Inc. | 0.08% | 2,343 | $687K | Reduce -92.0% |
| IWM iShares Russell 2000 ETF | 0.07% | 2,159 | $649K | No change |
| TXN Texas Instruments Inc. | 0.07% | 2,000 | $596K | Reduce -47.0% |
| VRT Vertiv Holdings Co. Class A | 0.06% | 1,632 | $546K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.06% | 2,560 | $545K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.05% | 4,855 | $469K | No change |
| IEF iShares 7-10 Year Treasury B | 0.05% | 4,230 | $400K | Add +22.6% |
| AHR American Healthcare REIT Inc. | 0.04% | 7,350 | $383K | No change |
| TMUS T-Mobile US Inc. | 0.04% | 2,248 | $377K | Reduce -58.0% |
| BF.B Brown-Forman Corp. Class B | 0.04% | 11,575 | $308K | No change |
| TECH Bio-Techne Corp. | 0.03% | 4,000 | $283K | No change |
| SHW The Sherwin-Williams Co. | 0.03% | 806 | $278K | No change |
| LLY Eli Lilly & Co. | 0.03% | 230 | $276K | Reduce -79.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.03% | 500 | $250K | No change |
| JPM JPMorgan Chase & Co. | 0.03% | 764 | $250K | Add +0.4% |
| AXON Axon Enterprise Inc. | 0.03% | 433 | $243K | New |
| QQQ Invesco QQQ Trust Series 1 | 0.03% | 320 | $236K | New |
Portfolio Sells Q1 2026 → Q2 2026
| INTU Intuit Inc. | Sold out | 0.00% | −2.65 |
| NFLX Netflix Inc. | Reduce -25.6% | 1.82% | −2.12 |
| VG Venture Global Inc. Class A | Sold out | 0.00% | −1.56 |
| APD Air Products & Chemicals Inc. | Reduce -92.0% | 0.08% | −1.08 |
| PSX Phillips 66 | Reduce -0.4% | 3.68% | −1.07 |
| MKL Markel Group Inc. | Sold out | 0.00% | −0.96 |
| META Meta Platforms Inc. Class A | Reduce -9.0% | 2.72% | −0.90 |
| FERG Ferguson Enterprises Inc. | Reduce -1.4% | 4.39% | −0.83 |
| MSFT Microsoft Corp. | Reduce -1.2% | 3.99% | −0.79 |
| BWXT BWX Technologies Inc. | Reduce -13.2% | 1.76% | −0.78 |
| MLM Martin Marietta Materials | Reduce -1.9% | 2.86% | −0.69 |
| SPSC SPS Commerce Inc. | Sold out | 0.00% | −0.68 |
| PGR Progressive Corp. | Reduce -15.1% | 1.60% | −0.44 |
| AMZN Amazon.com Inc. | Reduce -0.8% | 4.83% | −0.24 |
| RWT Redwood Trust Inc. | Reduce -11.0% | 0.34% | −0.20 |
| LHX L3HARRIS Technologies Inc. | Sold out | 0.00% | −0.17 |
| ENTG Entegris Inc. | Sold out | 0.00% | −0.11 |
| TMUS T-Mobile US Inc. | Reduce -58.0% | 0.04% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -79.6% | 0.03% | −0.11 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.11 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.10 |
| AVTR Avantor Inc. | Sold out | 0.00% | −0.09 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.09 |
| SCHR Schwab Intermediate-Term US | Reduce -4.9% | 0.31% | −0.08 |
| SCHP Schwab U.S. Tips ETF | Reduce -5.0% | 0.30% | −0.08 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -5.2% | 0.29% | −0.08 |
| PFF iShares Preferred & Income S | Reduce -5.0% | 0.30% | −0.08 |
| GGG Graco Inc. | Reduce -4.4% | 0.15% | −0.06 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.05 |
| SCHW Schwab (charles) Corp. | Reduce -17.2% | 0.11% | −0.05 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.04 |
| TXN Texas Instruments Inc. | Reduce -47.0% | 0.07% | −0.03 |
| AAPL Apple Inc. | Reduce -5.8% | 0.27% | −0.03 |
| TLN Talen Energy Corp. | Reduce -1.4% | 3.96% | −0.02 |
| TSLA Tesla Inc. | Reduce -4.2% | 0.15% | −0.01 |
| KEYS Keysight Technologies Inc. | Reduce -9.3% | 0.20% | −0.01 |
| FICO Fair Isaac Corp. | Reduce -0.1% | 0.17% | −0.01 |
| BE Bloom Energy Corp. Class A | Reduce -0.8% | 0.12% | +0.05 |
| WCC Wesco International Inc. | Reduce -0.8% | 1.75% | +0.08 |
| AMD Advanced Micro Devices | Reduce -22.2% | 0.20% | +0.09 |
| GOOGL Alphabet Inc. Class A | Reduce -1.0% | 4.42% | +0.13 |
| ATI Ati Inc. | Reduce -1.0% | 2.04% | +0.23 |
| GEV GE Vernova Inc. | Reduce -3.3% | 4.08% | +0.34 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -2.0% | 3.77% | +0.52 |
| PANW Palo Alto Networks Inc. | Reduce -0.1% | 7.97% | +3.49 |
| ARM Arm Holdings PLC-ADR | Reduce -11.5% | 9.86% | +4.19 |
Portfolio Buys Q1 2026 → Q2 2026
| CROX Crocs Inc. | New | 2.21% | +2.21 |
| MU Micron Technology Inc. | New | 1.62% | +1.62 |
| CF CF Industries Holdings Inc. | New | 1.54% | +1.54 |
| ALC Alcon Inc. | New | 1.14% | +1.14 |
| LPLA LPL Financial Holdings Inc. | Add +1424.7% | 0.91% | +0.84 |
| QXO Qxo Inc. | Add +2575.7% | 0.77% | +0.73 |
| NET Cloudflare Inc. Class A | New | 0.48% | +0.48 |
| NVDA Nvidia Corp. | Add +10.2% | 6.71% | +0.38 |
| THC Tenet Healthcare Corp. | Add +58.6% | 1.11% | +0.27 |
| AXON Axon Enterprise Inc. | New | 0.03% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.03% | +0.03 |
| IEF iShares 7-10 Year Treasury B | Add +22.6% | 0.05% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +0.4% | 0.03% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.1% | 0.14% | −0.00 |
| TPL Texas Pacific Land Corp. | Add +2.4% | 0.74% | −0.19 |
| TYL Tyler Technologies Inc. | Add +28.0% | 2.61% | −0.24 |
| IFF Intl Flavors & Fragrances | Add +0.3% | 2.99% | −0.27 |
| DHR Danaher Corp. | Add +6.2% | 4.08% | −0.48 |
| ELE Elemental Royalty Corp. | Add +4.6% | 2.11% | −0.49 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 66 | $868.7M | ARM, PANW, NVDA, AMZN, GOOGL |
| Q1 2026 | 71 | $728.3M | NVDA, ARM, FERG, AMZN, MSFT |
| Q4 2025 | 73 | $834.9M | NVDA, TLN, AMZN, MSFT, DHR |
| Q3 2025 | 71 | $836.6M | TLN, NVDA, MSFT, AMZN, FERG |
| Q2 2025 | 68 | $849.6M | MSFT, AMZN, NVDA, TLN, META |
| Q1 2025 | 65 | $743.3M | AMZN, TLN, MSFT, NVDA, DHR |
| Q4 2024 | 63 | $881.9M | AMZN, MSFT, TLN, NVDA, AER |
| Q3 2024 | 61 | $928.5M | MSFT, AMZN, TLN, NVDA, DHR |
| Q2 2024 | 51 | $862.0M | MSFT, AMZN, AER, NVDA, DHR |
| Q1 2024 | 47 | $898.2M | MSFT, AMZN, AER, FERG, DHR |