Tran Capital Management, L.P.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 15, 2024), Tran Capital Management, L.P. reported 61 stock positions worth $928.5 million. Its top holding was Microsoft (MSFT) at 7.0% of the portfolio, followed by Amazon.com (AMZN, 6.9%) and Talen Energy (TLN, 5.9%). Compared with Q2 2024, it opened 11 new positions, sold out of 1, added to 8 and reduced 28. The biggest buy was a new position in Talen Energy (TLN) and the biggest sale an exit from Ball (BALL).
- Most Recent 13F
- Q2 2026
- Location
- SAN RAFAEL, CA
- CIK
- 0001009262
- Portfolio Value
- $928.5M (Q3 2024)
- SEC Filing
- 0001104659-24-108427 ↗ filed Oct 15, 2024
Holdings Value
Holdings 61 stocks · $928.5M
| MSFT Microsoft Corp. | 7.01% | 151,364 | $65.1M | Reduce -1.7% |
| AMZN Amazon.com Inc. | 6.90% | 344,018 | $64.1M | Reduce -2.7% |
| TLN Talen Energy Corp. | 5.87% | 305,862 | $54.5M | New |
| NVDA Nvidia Corp. | 5.85% | 447,265 | $54.3M | Reduce -1.2% |
| DHR Danaher Corp. | 5.72% | 191,183 | $53.2M | Reduce -2.3% |
| AER Aercap Holdings NV | 5.65% | 553,813 | $52.5M | Reduce -11.2% |
| FERG Ferguson Enterprises Inc. | 4.99% | 233,280 | $46.3M | Reduce -1.6% |
| TMUS T-Mobile US Inc. | 4.61% | 207,222 | $42.8M | Reduce -2.4% |
| META Meta Platforms Inc. Class A | 4.47% | 72,547 | $41.5M | Reduce -1.8% |
| TSM Taiwan Semiconductor-SP ADR | 4.26% | 227,813 | $39.6M | Reduce -1.1% |
| PANW Palo Alto Networks Inc. | 4.00% | 108,623 | $37.1M | Reduce -16.3% |
| IQV Iqvia Holdings Inc. | 3.47% | 135,874 | $32.2M | Reduce -7.0% |
| SHW The Sherwin-Williams Co. | 3.35% | 81,547 | $31.1M | Reduce -1.8% |
| INTU Intuit Inc. | 3.23% | 48,228 | $29.9M | Reduce -1.4% |
| MLM Martin Marietta Materials | 3.08% | 53,210 | $28.6M | Reduce -2.1% |
| ENTG Entegris Inc. | 3.01% | 248,023 | $27.9M | Reduce -1.4% |
| CRM Salesforce Inc. | 2.79% | 94,583 | $25.9M | Reduce -1.6% |
| VEEV Veeva Systems Inc. Class A | 2.56% | 113,058 | $23.7M | New |
| AMN Amn Healthcare Services Inc. | 2.23% | 489,252 | $20.7M | Add +210.4% |
| GTLB Gitlab Inc. Class A | 2.07% | 373,630 | $19.3M | Add +86.2% |
| GOOGL Alphabet Inc. Class A | 2.06% | 115,589 | $19.2M | Reduce -1.9% |
| PGR Progressive Corp. | 1.37% | 50,120 | $12.7M | Reduce -33.0% |
| SCHW Schwab (charles) Corp. | 1.36% | 194,435 | $12.6M | Reduce -53.7% |
| DHI D.R. Horton Inc. | 1.25% | 60,843 | $11.6M | Add +93.7% |
| PYPL PayPal Holdings Inc. | 1.24% | 147,849 | $11.5M | Reduce -43.9% |
| UNH Unitedhealth Group Inc. | 1.22% | 19,300 | $11.3M | Reduce -0.9% |
| EXPE Expedia Group Inc. | 1.09% | 68,628 | $10.2M | Reduce -4.4% |
| ACN Accenture PLC Class A | 1.03% | 27,119 | $9.6M | Reduce -4.2% |
| NKE Nike Inc. Class B | 1.03% | 107,861 | $9.5M | New |
| GGG Graco Inc. | 0.28% | 29,905 | $2.6M | Reduce -7.2% |
| LLY Eli Lilly & Co. | 0.26% | 2,734 | $2.4M | New |
| FICO Fair Isaac Corp. | 0.26% | 1,229 | $2.4M | No change |
| EXR Extra Space Storage Inc. | 0.23% | 11,910 | $2.1M | No change |
| AAPL Apple Inc. | 0.22% | 8,789 | $2.0M | Add +3.2% |
| NTAP Netapp Inc. | 0.18% | 13,500 | $1.7M | New |
| KEYS Keysight Technologies Inc. | 0.16% | 9,383 | $1.5M | Reduce -34.9% |
| ADP Automatic Data Processing | 0.16% | 5,329 | $1.5M | New |
| PAYX Paychex Inc. | 0.13% | 8,707 | $1.2M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.11% | 1,844 | $1.1M | Add +18.6% |
| LHX L3HARRIS Technologies Inc. | 0.11% | 4,160 | $990K | New |
| AFL Aflac Inc. | 0.10% | 8,000 | $894K | No change |
| TSLA Tesla Inc. | 0.09% | 3,134 | $820K | Add +1.1% |
| TXN Texas Instruments Inc. | 0.08% | 3,776 | $780K | Add +88.8% |
| BF.B Brown-Forman Corp. Class B | 0.08% | 15,825 | $779K | Reduce -21.2% |
| AMD Advanced Micro Devices | 0.06% | 3,659 | $600K | Add +23.3% |
| EEM iShares MSCI Emerging Market | 0.06% | 12,475 | $572K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.06% | 5,787 | $557K | No change |
| SCHP Schwab U.S. Tips ETF | 0.06% | 9,580 | $514K | No change |
| SCHR Schwab Intermediate-Term US | 0.06% | 10,141 | $513K | No change |
| IWM iShares Russell 2000 ETF | 0.05% | 2,090 | $462K | Reduce -10.1% |
| RSP Invesco S&P 500 Equal Weight | 0.05% | 2,560 | $459K | No change |
| XYZ Block Inc. | 0.05% | 6,768 | $454K | No change |
| CSCO Cisco Systems Inc. | 0.05% | 8,500 | $452K | New |
| VMBS Vanguard Mortgage-Backed Sec | 0.05% | 9,179 | $433K | No change |
| HD Home Depot Inc. | 0.04% | 1,000 | $405K | New |
| IEFA iShares Core MSCI Eafe ETF | 0.04% | 4,740 | $370K | Reduce -12.2% |
| IEF iShares 7-10 Year Treasury B | 0.04% | 3,450 | $339K | No change |
| TECH Bio-Techne Corp. | 0.03% | 4,000 | $320K | No change |
| JNJ Johnson & Johnson | 0.03% | 1,600 | $259K | New |
| PFF iShares Preferred & Income S | 0.03% | 7,115 | $236K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.02% | 500 | $230K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| BALL Ball Corp. | Sold out | 0.00% | −3.33 |
| SCHW Schwab (charles) Corp. | Reduce -53.7% | 1.36% | −2.23 |
| PANW Palo Alto Networks Inc. | Reduce -16.3% | 4.00% | −1.11 |
| AER Aercap Holdings NV | Reduce -11.2% | 5.65% | −1.09 |
| AMZN Amazon.com Inc. | Reduce -2.7% | 6.90% | −1.02 |
| MSFT Microsoft Corp. | Reduce -1.7% | 7.01% | −0.97 |
| ENTG Entegris Inc. | Reduce -1.4% | 3.01% | −0.95 |
| NVDA Nvidia Corp. | Reduce -1.2% | 5.85% | −0.64 |
| PYPL PayPal Holdings Inc. | Reduce -43.9% | 1.24% | −0.53 |
| INTU Intuit Inc. | Reduce -1.4% | 3.23% | −0.51 |
| PGR Progressive Corp. | Reduce -33.0% | 1.37% | −0.43 |
| GOOGL Alphabet Inc. Class A | Reduce -1.9% | 2.06% | −0.43 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -1.1% | 4.26% | −0.38 |
| FERG Ferguson Enterprises Inc. | Reduce -1.6% | 4.99% | −0.34 |
| MLM Martin Marietta Materials | Reduce -2.1% | 3.08% | −0.33 |
| IQV Iqvia Holdings Inc. | Reduce -7.0% | 3.47% | −0.12 |
| CRM Salesforce Inc. | Reduce -1.6% | 2.79% | −0.08 |
| KEYS Keysight Technologies Inc. | Reduce -34.9% | 0.16% | −0.07 |
| BF.B Brown-Forman Corp. Class B | Reduce -21.2% | 0.08% | −0.02 |
| GGG Graco Inc. | Reduce -7.2% | 0.28% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -12.2% | 0.04% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -10.1% | 0.05% | −0.01 |
| ACN Accenture PLC Class A | Reduce -4.2% | 1.03% | +0.04 |
| EXPE Expedia Group Inc. | Reduce -4.4% | 1.09% | +0.04 |
| DHR Danaher Corp. | Reduce -2.3% | 5.72% | +0.05 |
| UNH Unitedhealth Group Inc. | Reduce -0.9% | 1.22% | +0.07 |
| META Meta Platforms Inc. Class A | Reduce -1.8% | 4.47% | +0.15 |
| TMUS T-Mobile US Inc. | Reduce -2.4% | 4.61% | +0.27 |
| SHW The Sherwin-Williams Co. | Reduce -1.8% | 3.35% | +0.48 |
Portfolio Buys Q2 2024 → Q3 2024
| TLN Talen Energy Corp. | New | 5.87% | +5.87 |
| VEEV Veeva Systems Inc. Class A | New | 2.56% | +2.56 |
| AMN Amn Healthcare Services Inc. | Add +210.4% | 2.23% | +1.30 |
| NKE Nike Inc. Class B | New | 1.03% | +1.03 |
| GTLB Gitlab Inc. Class A | Add +86.2% | 2.07% | +0.92 |
| DHI D.R. Horton Inc. | Add +93.7% | 1.25% | +0.74 |
| LLY Eli Lilly & Co. | New | 0.26% | +0.26 |
| NTAP Netapp Inc. | New | 0.18% | +0.18 |
| ADP Automatic Data Processing | New | 0.16% | +0.16 |
| PAYX Paychex Inc. | New | 0.13% | +0.13 |
| LHX L3HARRIS Technologies Inc. | New | 0.11% | +0.11 |
| CSCO Cisco Systems Inc. | New | 0.05% | +0.05 |
| HD Home Depot Inc. | New | 0.04% | +0.04 |
| TXN Texas Instruments Inc. | Add +88.8% | 0.08% | +0.04 |
| JNJ Johnson & Johnson | New | 0.03% | +0.03 |
| TSLA Tesla Inc. | Add +1.1% | 0.09% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +18.6% | 0.11% | +0.02 |
| AAPL Apple Inc. | Add +3.2% | 0.22% | +0.01 |
| AMD Advanced Micro Devices | Add +23.3% | 0.06% | +0.01 |
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 |