Allen Investment Management, LLC
Registered adviserReports for
ALLEN OPERATIONS LLC
Filing Date
Global Rank
#581
/ 8,811
▼ 50
Top Industry
Semiconductors
15.1%
Period ended 4 months ago
Filed Aug 5, 2026 · 3mo
26 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Registered adviser
Form ADV roster, Oct 1, 2026
Regulatory AUM
$16,914,755,305
Main clients
Individuals and high net worth
(100% of AUM)
Private funds
1 fund
· Hedge funds
Focus by fund count, roster of Oct 1, 2026
$570,118 gross assets
LEI
REJ48EPVRX6SWS513Y40
Private funds on Schedule D 7.B.(1)
As filed Mar 22, 2024; SEC's bulk Form ADV archive ends with 2024 filings.
$2,616,883 gross assets in 1 fund
Hedge funds
$2,616,883
(1)
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $16,914,755,305 | Individuals and high net worth (100%) |
| Apr 2025 to Mar 2026 | $15,833,950,821 | Individuals and high net worth (100%) |
| Apr 2024 to Mar 2025 | $13,796,387,101 | Individuals and high net worth (100%) |
| May 2023 to Mar 2024 | $11,436,331,390 | Individuals and high net worth (98%) |
| Apr 2023 | $11,436,331,390 | Individuals and high net worth (98%) |
| Apr 2022 to Mar 2023 | $13,558,428,777 | Individuals and high net worth (94%) |
3 earlier changes not shown.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Diversified active
Top 10 weight 44.7%, 33.5 effective positions, active share 67.3% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Low turnover
25.4% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 21.8 quarters (12+), a floor since 72.6% of the book was already held when coverage starts
Closest benchmark: every 13F filer's combined book, active share 67.3%; sector active share 26.4% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
227 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
6.6%
−0.2 pts
Top 5
25.6%
−2.7 pts
Top 10
44.7%
−4.2 pts
HHI
298
Diversified−31
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 27.5% | $2,320,600,748 |
| Technology | 23.9% | $2,010,135,570 |
| Financial Services | 16.7% | $1,410,562,955 |
| Communication Services | 10.0% | $841,744,218 |
| Consumer Cyclical | 8.9% | $750,856,422 |
| Industrials | 7.1% | $602,361,141 |
| Healthcare | 4.9% | $413,474,865 |
| Consumer Defensive | 0.8% | $69,914,437 |
| Energy | 0.1% | $5,772,022 |
| Real Estate | 0.0% | $1,013,943 |
| Utilities | 0.0% | $717,080 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AUR | Aurora Innovation, Inc. | +2,023,450 | 3,045,615 | $20,771,094 | |
| XLU | State Street(R) Utilities Select Sector SPDR(R) ETF | +797,637 | 1,049,444 | $47,581,790 | |
| NVDA | Nvidia Corp | +595,887 | 1,285,501 | $257,215,895 | |
| XLE | State Street(R) Energy Select Sector SPDR(R) ETF | +535,705 | 2,900,688 | $154,055,539 | |
| AMLP | Alerian MLP ETF | +434,860 | 4,440,395 | $230,234,480 | |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | +304,891 | 642,057 | $306,627,161 | |
| AVGO | Broadcom Inc. | +283,071 | 583,292 | $220,338,553 | |
| VXUS | Vanguard Total International Stock ETF | +192,076 | 1,395,132 | $119,269,834 | |
| SNOW | Snowflake Inc. | +184,665 | 191,020 | $48,614,590 | |
| — | +116,780 | 145,975 | $4,001,174 | ||
| GOOG | Alphabet Inc. | +107,018 | 1,293,853 | $457,157,080 | |
| VYM | VANGUARD HIGH DIVIDEND YIELD INDEX FUND | +103,818 | 268,026 | $42,356,148 | |
| VWO | VANGUARD EMERGING MARKETS STOCK INDEX FUND | +100,581 | 885,250 | $52,840,572 | |
| IWF | iShares Russell 1000 Growth ETF | +79,444 | 108,261 | $13,442,768 | |
| EUAD | Spinnaker ETF Series | +66,190 | 219,011 | $9,237,883 | |
| RSP | Victory Portfolios II | +61,266 | 293,951 | $62,543,954 | |
| VUG | VANGUARD GROWTH INDEX FUND | +49,796 | 58,646 | $5,051,766 | |
| EWJ | iShares MSCI Japan ETF | +33,783 | 262,219 | $24,457,166 | |
| GLD | Spdr Gold Trust | +32,896 | 531,354 | $195,740,186 | |
| ACWI | iShares MSCI ACWI ETF | +17,141 | 183,243 | $28,763,653 | |
| VIG | Vanguard Specialized Funds | +13,732 | 129,983 | $30,756,577 | |
| SPY | Spdr S&P 500 ETF Trust | +12,906 | 198,237 | $148,037,444 | |
| KLAC | Kla Corp | +12,474 | 13,860 | $4,181,700 | |
| IWD | iShares Russell 1000 Value ETF | +9,811 | 30,093 | $7,295,445 | |
| QQQ | Invesco Qqq Trust, Series 1 | +8,985 | 324,498 | $238,960,327 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SCHW | Schwab Charles Corp | −1,913,598 | 3,414,852 | $315,088,394 | |
| APO | Apollo Global Management, Inc. | −1,099,611 | 1,118,010 | $132,271,763 | |
| NU | Nu Holdings Ltd. | −677,242 | 3,543,361 | $47,339,302 | |
| SPGI | S&P Global Inc. | −661,416 | 9,200 | $3,746,791 | |
| CPNG | Coupang, Inc. | −384,836 | 1,258,000 | $21,851,460 | |
| UBER | Uber Technologies, Inc | −347,920 | 70,031 | $5,053,436 | |
| BA | Boeing Co | −256,814 | 936,436 | $202,710,300 | |
| AMZN | Amazon Com Inc | −246,950 | 2,316,405 | $552,091,967 | |
| UNH | Unitedhealth Group Inc | −222,384 | 876,259 | $364,199,528 | |
| RBLX | Roblox Corp | −211,238 | 5,696 | $309,748 | |
| GBDC | GOLUB CAPITAL BDC, Inc. | −191,842 | 3,174,058 | $40,881,867 | |
| IEFA | iShares Core MSCI EAFE ETF | −187,380 | 153,824 | $14,856,321 | |
| NOW | ServiceNow, Inc. | −185,590 | 443,055 | $43,986,500 | |
| MSFT | Microsoft Corp | −178,555 | 957,008 | $356,983,124 | |
| V | Visa Inc. | −166,090 | 914,620 | $313,796,975 | |
| MCO | Moodys Corp | −156,951 | 544,862 | $246,778,897 | |
| ARCC | Ares Capital Corp | −156,897 | 2,441,585 | $45,242,570 | |
| IBIT | iShares Bitcoin Trust ETF | −127,865 | 764,433 | $25,447,974 | |
| GEV | GE Vernova Inc. | −102,379 | 286,069 | $336,091,025 | |
| VCSH | VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | −99,263 | 381,615 | $30,159,033 | |
| META | Meta Platforms, Inc. | −97,890 | 606,318 | $341,532,866 | |
| VCIT | VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | −93,770 | 301,467 | $24,916,247 | |
| BXSL | Blackstone Secured Lending Fund | −86,664 | 579,652 | $13,743,548 | |
| ITOT | iShares Core S&P Total U.S. Stock Market ETF | −65,620 | 179,994 | $29,567,614 | |
| VEA | Vanguard FTSE Developed Markets ETF | −61,997 | 1,715,180 | $122,206,575 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
16 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| LRCX | Lam Research Corp | 92,737 | $40,185,724 | |
| CIEN | Ciena Corp | 51,513 | $25,270,217 | |
| LITE | Lumentum Holdings Inc. | 24,698 | $21,192,365 | |
| COF | Capital One Financial Corp | 8,490 | $1,703,263 | |
| WSE | Wise Group plc | 44,526 | $530,304 | |
| XPO | XPO, Inc. | 2,400 | $492,696 | |
| HONA | Honeywell Aerospace Inc. | 2,138 | $472,669 | |
| SCI | Service Corp International | 4,100 | $311,436 | |
| TEM | Tempus AI, Inc. | 4,663 | $270,127 | |
| YOU | Clear Secure, Inc. | 4,000 | $222,920 | |
| VT | VANGUARD TOTAL WORLD STOCK INDEX FUND | 1,373 | $215,492 | |
| RBRK | Rubrik, Inc. | 2,680 | $215,150 | |
| EMR | Emerson Electric Co | 1,496 | $214,152 | |
| FICO | Fair Isaac Corp | 178 | $212,670 | |
| CORT | Corcept Therapeutics Inc | 2,400 | $208,680 | |
| EXPE | Expedia Group, Inc. | 812 | $207,774 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
10 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SE | Sea Ltd | 158,155 | $13,096,815 | |
| ANET | Arista Networks, Inc. | 59,996 | $7,366,308 | |
| IBM | International Business Machines Corp | 15,000 | $3,635,850 | |
| XOM | ExxonMobil Holdings Corp | 15,293 | $2,594,610 | |
| ELV | Elevance Health, Inc. | 4,098 | $1,199,689 | |
| NKE | NIKE, Inc. | 20,496 | $1,082,598 | |
| AKRE | Professionally Managed Portfolios | 16,661 | $880,533 | |
| SPOT | Spotify Technology S.A. | 758 | $367,561 | |
| LEN | Lennar Corp | 4,061 | $352,657 | |
| EPAM | EPAM Systems, Inc. | 1,610 | $217,994 | |
| No positions match the current search. | ||||
227 tracked positions ·
$8,427,153,401 total
· filing declares
227 positions · $8,426,742,084
· as of Jun 30, 2026
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 227 positions by value
· page 1 of 5
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 2,316,405 | $552,091,967 | 6.55% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Added | 1,293,853 | $457,157,080 | 5.42% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Reduced | 876,259 | $364,199,528 | 4.32% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 957,008 | $356,983,124 | 4.24% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Reduced | 606,318 | $341,532,866 | 4.05% | |
| GEV |
GE Vernova Inc.
Industrials
|
Reduced | 286,069 | $336,091,025 | 3.99% | |
| SCHW |
Schwab Charles Corp
Financial Services
|
Reduced | 3,414,852 | $315,088,394 | 3.74% | |
| V |
Visa Inc.
Financial Services
|
Reduced | 914,620 | $313,796,975 | 3.72% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Added | 642,057 | $306,627,161 | 3.64% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 1,285,501 | $257,215,895 | 3.05% | |
| MCO |
Moodys Corp
Financial Services
|
Reduced | 544,862 | $246,778,897 | 2.93% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Added | 324,498 | $238,960,327 | 2.84% | |
| AMLP |
Alerian MLP ETF
|
Added | 4,440,395 | $230,234,480 | 2.73% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 583,292 | $220,338,553 | 2.61% | |
| VTI |
VANGUARD TOTAL STOCK MARKET INDEX FUND
|
Reduced | 565,944 | $209,421,917 | 2.49% | |
| BA |
Boeing Co
Industrials
|
Reduced | 936,436 | $202,710,300 | 2.41% | |
| GLD |
Spdr Gold Trust
|
Added | 531,354 | $195,740,186 | 2.32% | |
| VOO |
VANGUARD 500 INDEX FUND
|
Added | 259,574 | $178,278,018 | 2.12% | |
| XLE |
State Street(R) Energy Select Sector SPDR(R) ETF
|
Added | 2,900,688 | $154,055,539 | 1.83% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Added | 198,237 | $148,037,444 | 1.76% | |
| APO |
Apollo Global Management, Inc.
Financial Services
|
Reduced | 1,118,010 | $132,271,763 | 1.57% | |
| ASML |
Asml Holding NV
Technology
|
Added | 65,485 | $130,278,471 | 1.55% | |
| VEA |
Vanguard FTSE Developed Markets ETF
|
Reduced | 1,715,180 | $122,206,575 | 1.45% | |
| VXUS |
Vanguard Total International Stock ETF
|
Added | 1,395,132 | $119,269,834 | 1.42% | |
| CRWD |
CrowdStrike Holdings, Inc.
Technology
|
Reduced | 130,570 | $99,643,189 | 1.18% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 314,359 | $90,962,920 | 1.08% | |
| NET |
Cloudflare, Inc.
Technology
|
Reduced | 328,347 | $80,536,952 | 0.96% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Reduced | 130,282 | $75,682,116 | 0.90% | |
| W |
Wayfair Inc.
Consumer Cyclical
|
Held | 749,250 | $69,245,685 | 0.82% | |
| RSP |
Victory Portfolios II
|
Added | 293,951 | $62,543,954 | 0.74% | |
| SHOP |
Shopify Inc.
Technology
|
Reduced | 519,490 | $59,315,368 | 0.70% | |
| MELI |
Mercadolibre Inc
Consumer Cyclical
|
Reduced | 34,063 | $57,818,195 | 0.69% | |
| PANW |
Palo Alto Networks Inc
Technology
|
Reduced | 161,489 | $55,070,978 | 0.65% | |
| MU |
Micron Technology Inc
Technology
|
Reduced | 47,219 | $54,504,419 | 0.65% | |
| VWO |
VANGUARD EMERGING MARKETS STOCK INDEX FUND
|
Added | 885,250 | $52,840,572 | 0.63% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 155,655 | $50,950,551 | 0.60% | |
| SNOW |
Snowflake Inc.
Technology
|
Added | 191,020 | $48,614,590 | 0.58% | |
| XLU |
State Street(R) Utilities Select Sector SPDR(R) ETF
|
Added | 1,049,444 | $47,581,790 | 0.56% | |
| NU |
Nu Holdings Ltd.
Financial Services
|
Reduced | 3,543,361 | $47,339,302 | 0.56% | |
| IXUS |
iShares Core MSCI Total International Stock ETF
|
Added | 480,805 | $45,888,029 | 0.54% | |
| ARCC |
Ares Capital Corp
Financial Services
|
Reduced | 2,441,585 | $45,242,570 | 0.54% | |
| NOW |
ServiceNow, Inc.
Technology
|
Reduced | 443,055 | $43,986,500 | 0.52% | |
| VYM |
VANGUARD HIGH DIVIDEND YIELD INDEX FUND
|
Added | 268,026 | $42,356,148 | 0.50% | |
| GBDC |
GOLUB CAPITAL BDC, Inc.
Financial Services
|
Reduced | 3,174,058 | $40,881,867 | 0.49% | |
| LRCX |
Lam Research Corp
Technology
|
NEW | 92,737 | $40,185,724 | 0.48% | |
| VTEB |
VANGUARD TAX-EXEMPT BOND INDEX FUND
|
Added | 673,531 | $34,067,197 | 0.40% | |
| BX |
Blackstone Inc.
Financial Services
|
Reduced | 269,033 | $31,657,113 | 0.38% | |
| VIG |
Vanguard Specialized Funds
|
Added | 129,983 | $30,756,577 | 0.36% | |
| VCSH |
VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND
|
Reduced | 381,615 | $30,159,033 | 0.36% | |
| ITOT |
iShares Core S&P Total U.S. Stock Market ETF
|
Reduced | 179,994 | $29,567,614 | 0.35% |
Showing the top 50 of 227 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.