AVALON CAPITAL MANAGEMENT

Registered adviser

CIK

1510809

Location

Port Of Redwood City, CA

Portfolio Value

Small $401,902,254

Diversification

Diversified

Filing Date

Global Rank

#4,365 / 8,815 ▲ 109

Top Industry

Internet Content & Information 41.7%

Period ended 4 months ago

Filed Jul 16, 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

Form ADV adviser

CRD 107501

Roster of Oct 1, 2026

Regulatory AUM

$582,198,850

Main clients

Individuals and high net worth (96% of AUM)

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	$582,198,850	Individuals and high net worth (96%)
Mar 2025 to Mar 2026	$487,441,253	Individuals and high net worth (97%)
Feb 2024 to Feb 2025	$400,485,839	Individuals and high net worth (98%)
May 2023 to Jan 2024	$371,587,300	Individuals and high net worth (98%)
Mar 2023 to Apr 2023	$371,587,300	Individuals and high net worth (98%)
Apr 2022 to Feb 2023	$339,185,647	Individuals and high net worth (97%)

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

Concentrated

The top 10 positions are 69.0% of the book (60%+)

Turnover

Medium turnover

51.1% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 15.3 quarters (12+), a floor since 33.4% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 75.0%; sector active share 53.5% 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 backtest

Portfolio Concentration

126 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

19.1%

+1.1 pts

Top 5

51.8%

+3.1 pts

Top 10

69.0%

+4.0 pts

HHI

863

Diversified+92

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	54.0%	$216,970,111	60
Communication Services	19.3%	$77,588,412	5
Technology	11.9%	$47,994,880	16
Healthcare	4.3%	$17,299,203	4
Consumer Cyclical	4.1%	$16,556,718	3
Energy	1.7%	$6,892,310	10
Financial Services	1.5%	$5,939,605	8
Industrials	1.4%	$5,629,743	9
Basic Materials	1.2%	$4,868,994	6
Consumer Defensive	0.3%	$1,382,940	2
Utilities	0.1%	$556,908	2
Real Estate	0.1%	$222,430	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SIL	Global X Silver Miners ETF	+79,781	90,973	$7,046,768
GDX	VanEck Gold Miners ETF	+79,132	331,077	$24,979,759
—		+49,392	212,985	$10,928,260
GLD	Spdr Gold Trust	+25,777	63,245	$23,298,193
SHV	iShares 0-1 Year Treasury Bond ETF	+14,676	22,039	$2,432,003
GOOGL	Alphabet Inc.	+14,574	150,922	$53,934,995
AMZN	Amazon Com Inc	+12,310	64,566	$15,388,660
WPM	Wheaton Precious Metals Corp.	+7,927	11,728	$1,317,288
LLY	ELI LILLY & Co	+6,065	13,646	$16,367,423
NLR	VanEck Uranium and Nuclear ETF	+5,767	7,467	$866,022
PWRD		+4,878	59,985	$7,375,755
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+4,270	4,880	$583,257
IEMG	iShares Trust	+4,165	176,895	$0
REMX	VanEck Rare Earth and Strategic Metals ETF	+4,091	90,344	$7,995,444
SCJ	iShares MSCI Japan Small-Cap ETF	+3,979	24,601	$2,590,731
URA	Global X Uranium ETF	+2,125	193,935	$8,474,959
RAAX	VanEck Real Assets ETF	+1,724	92,066	$3,652,258
ANET	Arista Networks, Inc.	+1,371	9,100	$1,545,908
SMH	VanEck Semiconductor ETF	+1,273	47,957	$31,454,516
DIVO	Amplify CWP Enhanced Dividend Income ETF	+1,167	98,852	$4,517,536
AVGO	Broadcom Inc.	+1,111	2,125	$802,718
LRCX	Lam Research Corp	+1,070	2,864	$1,241,057
GSST	Goldman Sachs Ultra Short Bond ETF	+746	25,641	$1,296,793
VTV	VANGUARD VALUE INDEX FUND	+665	13,963	$3,042,956
DISV	Dimensional International Small Cap Value ETF	+614	148,758	$5,969,658
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	−487,074	505,048	$8,020,162
ILF	iShares Latin America 40 ETF	−200,383	40,535	$1,368,056
EUAD	Spinnaker ETF Series	−51,967	4,970	$209,634
CVX	Chevron Corp	−31,445	19,791	$3,280,556
IAU	Ishares Gold Trust	−20,031	25,659	$1,937,511
SLVP	iShares Trust	−7,650	10,943	$0
CNQ	CANADIAN NATURAL RESOURCES Ltd	−4,410	22,138	$874,451
HODL	VanEck Bitcoin ETF	−2,986	33,716	$560,022
NFLX	Netflix Inc	−2,500	3,800	$271,320
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	−1,995	13,278	$1,280,530
DVA	Davita Inc.	−1,222	1,586	$352,853
LCR	Leuthold Core ETF	−967	47,238	$1,878,419
—		−686	50,746	$2,104,944
GEV	GE Vernova Inc.	−415	2,113	$2,482,479
SLV	iShares Silver Trust	−348	50,646	$2,708,041
NVDA	Nvidia Corp	−293	13,837	$2,768,645
GE	General Electric Co	−260	1,105	$412,971
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	−251	4,336	$258,815
QUAL	iShares MSCI USA Quality Factor ETF	−210	6,316	$0
DGRW	WisdomTree U.S. Quality Dividend Growth Fund	−154	18,514	$1,770,308
MCHI	iShares MSCI China ETF	−144	6,112	$0
ORCL	Oracle Corp	−117	6,678	$978,660
META	Meta Platforms, Inc.	−112	866	$487,809
FCX	Freeport-Mcmoran Inc	−50	5,540	$348,410
XME	State Street(R) SPDR(R) S&P(R) Metals & Mining ETF	−27	20,960	$2,241,252
No positions match the current search.

New Positions

Positions the filer opened this quarter

17 positions

Ticker	Company	Shares	Value
SCHA	Schwab U.S. Small-Cap ETF	343,708	$12,418,170
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	56,795	$3,016,382
XBI	State Street(R) SPDR(R) S&P(R) Biotech ETF	18,523	$2,931,264
IYW	iShares, Inc.	10,265	$2,589,140
ARM	Arm Holdings PLC	1,198	$424,774
FICO	Fair Isaac Corp	262	$313,032
AMAT	Applied Materials Inc	380	$274,740
CRWD	CrowdStrike Holdings, Inc.	340	$259,467
UNP	Union Pacific Corp	951	$258,672
FLTR	VanEck IG Floating Rate ETF	9,737	$249,364
APH	Amphenol Corp	1,400	$246,848
BWA	Borgwarner Inc	3,600	$239,040
IEFA	iShares Core MSCI EAFE ETF	2,465	$238,069
WELL	Welltower Inc.	980	$222,430
TRGP	Targa Resources Corp.	750	$201,105
CCJ	Cameco Corp	1,082	$110,212
OKLO	Oklo Inc.	1,000	$52,330
No positions match the current search.

Sold Out

Positions the filer fully exited

12 positions

Ticker	Company	Shares	Value
AMGN	Amgen Inc	12,357	$4,347,810
PIT	VanEck Commodity Strategy ETF	49,242	$3,563,643
FDX	Fedex Corp	8,662	$3,085,231
GBIL	Goldman Sachs ETF Trust	6,031	$604,245
RGLD	Royal Gold Inc	1,694	$431,106
DGX	Quest Diagnostics Inc	1,298	$254,382
NRP	Natural Resource Partners LP	2,000	$242,000
FXF	Invesco CurrencyShares Swiss Franc Trust	2,166	$239,148
IGE	iShares North American Natural Resources ETF	3,463	$217,961
AGI	Alamos Gold Inc	4,738	$210,509
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	4,417	$202,696
KROP	Global X AgTech & Food Innovation ETF	25,454	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

126 tracked positions · $401,902,254 total · filing declares 130 positions · $423,386,149 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 126 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Added	150,922	+14,574	$53,934,995	+37.6%	26+	before history	13.42%
SMH	VanEck Semiconductor ETF	Added	47,957	+1,273	$31,454,516	+75.7%	11	unpriced	7.83%
GDX	VanEck Gold Miners ETF	Added	331,077	+79,132	$24,979,759	+8.0%	19	unpriced	6.22%
GLD	Spdr Gold Trust	Added	63,245	+25,777	$23,298,193	+44.5%	26+	before history	5.80%
GOOG	Alphabet Inc. Communication Services	Added	64,136	+500	$22,661,172	+24.1%	26+	before history	5.64%
CSCO	Cisco Systems, Inc. Technology	Held	153,311	0	$18,007,910	+51.4%	20	$56.15	4.48%
LLY	ELI LILLY & Co Healthcare	Added	13,646	+6,065	$16,367,423	+134.7%	18	$851.46	4.07%
AMZN	Amazon Com Inc Consumer Cyclical	Added	64,566	+12,310	$15,388,660	+41.4%	26+	before history	3.83%
AAPL	Apple Inc. Technology	Held	46,166	0	$13,358,593	+14.0%	26+	before history	3.32%
SCHA	Schwab U.S. Small-Cap ETF	NEW	343,708	NEW	$12,418,170	NEW	1	$33.05	3.09%
		Added	212,985	+49,392	$10,928,260	+33.3%	3	unpriced	2.72%
URA	Global X Uranium ETF CALL + SHARES	Added	198,935	+7,125	$8,693,459	−6.4%	5	unpriced	2.16%
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	Reduced	505,048	-487,074	$8,020,162	−53.3%	2	$15.11	2.00%
REMX	VanEck Rare Earth and Strategic Metals ETF	Added	90,344	+4,091	$7,995,444	+5.3%	4	$57.83	1.99%
PWRD		Added	59,985	+4,878	$7,375,755	+36.9%	11	$69.08	1.84%
SIL	Global X Silver Miners ETF	Added	90,973	+79,781	$7,046,768	+599.0%	4	unpriced	1.75%
DISV	Dimensional International Small Cap Value ETF	Added	148,758	+614	$5,969,658	+2.2%	6	$39.10	1.49%
EEM	iShares MSCI Emerging Markets ETF	Held	81,554	0	$5,579,109	+20.5%	3	$54.38	1.39%
MSFT	Microsoft Corp Technology	Reduced	13,901	-23	$5,185,351	+0.6%	26+	before history	1.29%
DIVO	Amplify CWP Enhanced Dividend Income ETF	Added	98,852	+1,167	$4,517,536	+3.1%	9	unpriced	1.12%
MOAT	VanEck Morningstar Wide Moat ETF	Added	39,572	+18	$4,113,905	+7.6%	14	unpriced	1.02%
RAAX	VanEck Real Assets ETF	Added	92,066	+1,724	$3,652,258	−0.7%	7	unpriced	0.91%
CVX	Chevron Corp Energy	Reduced	19,791	-31,445	$3,280,556	−69.1%	20	$180.75	0.82%
VTV	VANGUARD VALUE INDEX FUND	Added	13,963	+665	$3,042,956	+16.6%	3	unpriced	0.76%
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	NEW	56,795	NEW	$3,016,382	NEW	1	$57.18	0.75%
XBI	State Street(R) SPDR(R) S&P(R) Biotech ETF	NEW	18,523	NEW	$2,931,264	NEW	1	$135.19	0.73%
GPIX	Goldman Sachs S&P 500 Premium Income ETF	Held	51,921	0	$2,885,249	+11.1%	9	$46.69	0.72%
NVDA	Nvidia Corp Technology	Reduced	13,837	-793	$2,768,645	+8.5%	14	unpriced	0.69%
SLV	iShares Silver Trust	Reduced	50,646	-348	$2,708,041	−22.1%	8	$37.85	0.67%
SCJ	iShares MSCI Japan Small-Cap ETF	Added	24,601	+3,979	$2,590,731	+29.4%	7	$79.82	0.64%
IYW	iShares, Inc.	NEW	10,265	NEW	$2,589,140	NEW	1	$229.69	0.64%
GEV	GE Vernova Inc. Industrials	Reduced	2,113	-415	$2,482,479	+12.5%	8	$353.37	0.62%
SHV	iShares 0-1 Year Treasury Bond ETF	Added	22,039	+14,676	$2,432,003	+199.2%	8	unpriced	0.61%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	4,632	-17	$2,317,806	+4.0%	20	$436.73	0.58%
XME	State Street(R) SPDR(R) S&P(R) Metals & Mining ETF	Reduced	20,960	-27	$2,241,252	−1.1%	3	$114.59	0.56%
QQQ	Invesco Qqq Trust, Series 1	Added	2,868	+484	$2,111,995	+53.5%	13	$538.98	0.53%
		Reduced	50,746	-686	$2,104,944	+2.6%	2	$40.55	0.52%
AEM	Agnico Eagle Mines Ltd Basic Materials	Held	12,730	0	$1,974,804	−23.6%	11	$73.52	0.49%
IAU	Ishares Gold Trust	Reduced	25,659	-20,031	$1,937,511	−51.9%	10	$50.58	0.48%
LCR	Leuthold Core ETF	Reduced	47,238	-967	$1,878,419	+4.6%	11	$33.21	0.47%
DGRW	WisdomTree U.S. Quality Dividend Growth Fund	Reduced	18,514	-154	$1,770,308	+8.0%	20	unpriced	0.44%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	3,580	+343	$1,709,700	+56.3%	11	$197.08	0.43%
SPY	Spdr S&P 500 ETF Trust	Added	2,136	+457	$1,595,100	+46.1%	13	$595.58	0.40%
ANET	Arista Networks, Inc. Technology	Added	9,100	+1,371	$1,545,908	+62.9%	11	unpriced	0.38%
V	Visa Inc. Financial Services	Added	4,425	+88	$1,518,173	+15.8%	13	$267.95	0.38%
ILF	iShares Latin America 40 ETF	Reduced	40,535	-200,383	$1,368,056	−84.0%	5	unpriced	0.34%
NLR	VanEck Uranium and Nuclear ETF CALL + SHARES	Added	11,467	+9,767	$1,329,942	+487.4%	4	$130.17	0.33%
WPM	Wheaton Precious Metals Corp. Basic Materials	Added	11,728	+7,927	$1,317,288	+164.5%	8	$107.21	0.33%
GSST	Goldman Sachs Ultra Short Bond ETF	Added	25,641	+746	$1,296,793	+3.0%	9	$50.44	0.32%
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	Reduced	13,278	-1,995	$1,280,530	−10.7%	7	unpriced	0.32%

Showing the top 50 of 126 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.