Whetstone Capital Advisors, LLC

CIK

1607278

Location

SHAWNEE MISSION, KS

Portfolio Value

Small $254,338,852

Diversification

Diversified

Filing Date

Global Rank

#3,729 / 8,605 ▼ 49 · as of Mar 2026

Top Industry

Software - Infrastructure 44.5%

3Y Alpha vs SPY

+15.1%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+163.5%

SPY

+76.5%

Annualised alpha

+17.3%

Max drawdown

−34.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

53 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

31.9%

+9.8 pts

Top 5

62.1%

−0.3 pts

Top 10

76.4%

−3.0 pts

HHI

1,416

Diversified+258

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	62.8%	$159,733,654	10
Healthcare	13.5%	$34,372,773	11
Financial Services	12.1%	$30,823,381	11
Consumer Cyclical	8.0%	$20,325,960	4
Real Estate	1.8%	$4,607,397	3
Communication Services	0.6%	$1,457,247	2
Consumer Defensive	0.4%	$960,246	4
Industrials	0.3%	$749,689	3
Basic Materials	0.2%	$532,391	2
Energy	0.2%	$521,066	2
Utilities	0.1%	$255,048	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

23 positions

Ticker	Company	Δ Shares	Shares	Value
HCAT	Health Catalyst, Inc.	+2,032,764	5,783,141	$7,344,589
REAX	Real Brokerage Inc	+1,453,401	1,650,593	$4,126,482
XZO	Exzeo Group, Inc.	+226,600	411,353	$6,034,548
NET	Cloudflare, Inc.	+100,000	393,031	$81,098,016
KREF	KKR Real Estate Finance Trust Inc.	+11,499	38,108	$233,220
XYZ	Block, Inc.	+8,471	123,825	$7,451,788
CG	Carlyle Group Inc.	+1,616	5,312	$257,047
SNY	Sanofi	+1,020	5,774	$278,191
KVUE	Kenvue Inc.	+864	14,327	$246,997
BX	Blackstone Inc.	+819	2,284	$262,637
APO	Apollo Global Management, Inc.	+815	2,339	$260,611
BAH	Booz Allen Hamilton Holding Corp	+655	3,307	$258,045
MDT	Medtronic plc	+538	2,874	$249,032
UL	Unilever PLC	+385	3,893	$221,784
MMM	3M Co	+282	1,712	$248,633
MTN	Vail Resorts Inc	+251	1,777	$228,024
SMG	Scotts Miracle-Gro Co	+215	4,056	$246,645
UNH	Unitedhealth Group Inc	+185	888	$240,283
QSR	Restaurant Brands International Inc.	+138	3,383	$250,003
CI	Cigna Group	+134	963	$256,880
GSK	GSK plc	+67	4,760	$262,704
PM	Philip Morris International Inc.	+33	1,461	$241,561
WSO	Watsco Inc	+12	668	$243,011
No positions match the current search.

Trimmed

Positions the filer reduced

14 positions

Ticker	Company	Δ Shares	Shares	Value
LPRO	Open Lending Corp	−2,215,562	3,799,105	$4,748,881
BLND	Blend Labs, Inc.	−1,132,190	38,889	$66,111
LFMD	LifeMD, Inc.	−342,803	360,250	$1,300,502
BODI	Beachbody Company, Inc.	−195,455	102,172	$1,109,587
SERA	Sera Prognostics, Inc.	−152,824	3,306,889	$6,712,984
DAVE	Dave Inc./DE	−47,792	224,155	$39,023,143
RPAY	Repay Holdings Corp	−37,988	2,690,639	$6,995,661
CNQ	CANADIAN NATURAL RESOURCES Ltd	−1,854	5,201	$253,444
LYB	LyondellBasell Industries N.V.	−1,694	3,547	$285,746
PSX	Phillips 66	−290	1,469	$267,622
MO	Altria Group, Inc.	−106	3,787	$249,904
NEE	Nextera Energy Inc	−101	2,746	$255,048
OUT	OUTFRONT Media Inc.	−86	9,347	$247,695
JNJ	Johnson & Johnson	−28	1,070	$261,550
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
PHR	Phreesia, Inc.	953,928	$7,993,916
KLAR	Klarna Group plc	509,939	$6,675,101
WLTH	Wealthfront Corp	546,407	$5,054,264
COIN	Coinbase Global, Inc.	25,260	$4,410,648
ETOR	eToro Group Ltd.	139,087	$4,176,782
HOOD	Robinhood Markets, Inc.	50,336	$3,488,284
PGY	Pagaya Technologies Ltd.	296,038	$3,448,842
MRDN	Meridian Holdings Inc./NV	63,319	$457,163
OWL	Blue Owl Capital Inc.	27,880	$254,544
BAM	Brookfield Asset Management Ltd.	5,721	$254,298
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
RELY	Remitly Global, Inc.	579,311	$7,994,491
PRG	PROG Holdings, Inc.	182,672	$5,386,997
SEZL	Sezzle Inc.	57,605	$3,656,477
OPRA	Opera Ltd	245,459	$3,475,699
FVRR	Fiverr International Ltd.	126,391	$2,497,486
SEAT	Vivid Seats Inc.	82,559	$595,250
DDI	DoubleDown Interactive Co., Ltd.	20,000	$172,600
AMWL	American Well Corp	25,000	$122,750
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

53 positions · $254,338,852 total · as of Mar 31, 2026

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

Showing 1–50 of 53 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NET	Cloudflare, Inc. Technology	Added	393,031	+100,000	$81,098,016	+40.4%	31.89%
DAVE	Dave Inc./DE Technology	Reduced	224,155	-47,792	$39,023,143	−35.2%	15.34%
AMZN	Amazon Com Inc Consumer Cyclical	Held	93,104	0	$19,390,770	−9.8%	7.62%
OPRX	OptimizeRx Corp Healthcare	Held	1,508,303	0	$9,472,142	−48.8%	3.72%
TOST	Toast, Inc. Technology	Held	336,049	0	$8,908,658	−25.3%	3.50%
PHR	Phreesia, Inc. Healthcare	NEW	953,928	NEW	$7,993,916	NEW	3.14%
XYZ	Block, Inc. Technology	Added	123,825	+8,471	$7,451,788	−0.8%	2.93%
HCAT	Health Catalyst, Inc. Healthcare	Added	5,783,141	+2,032,764	$7,344,589	−18.1%	2.89%
RPAY	Repay Holdings Corp Technology	Reduced	2,690,639	-37,988	$6,995,661	−29.8%	2.75%
SERA	Sera Prognostics, Inc. Healthcare	Reduced	3,306,889	-3,612,537	$6,712,984	−67.1%	2.64%
KLAR	Klarna Group plc Financial Services	NEW	509,939	NEW	$6,675,101	NEW	2.62%
XZO	Exzeo Group, Inc. Financial Services	Added	411,353	+226,600	$6,034,548	+34.7%	2.37%
BLZE	Backblaze, Inc. Technology	Held	1,520,055	0	$5,244,189	−26.0%	2.06%
WLTH	Wealthfront Corp Technology	NEW	546,407	NEW	$5,054,264	NEW	1.99%
LPRO	Open Lending Corp Financial Services	Reduced	3,799,105	-2,215,562	$4,748,881	−49.1%	1.87%
COIN	Coinbase Global, Inc. Financial Services	NEW	25,260	NEW	$4,410,648	NEW	1.73%
ETOR	eToro Group Ltd. Financial Services	NEW	139,087	NEW	$4,176,782	NEW	1.64%
REAX	Real Brokerage Inc Real Estate	Added	1,650,593	+1,453,401	$4,126,482	+473.3%	1.62%
HOOD	Robinhood Markets, Inc. Financial Services	NEW	50,336	NEW	$3,488,284	NEW	1.37%
PGY	Pagaya Technologies Ltd. Technology	NEW	296,038	NEW	$3,448,842	NEW	1.36%
ASAN	Asana, Inc. Technology	Held	381,716	0	$2,442,982	−53.3%	0.96%
LFMD	LifeMD, Inc. Healthcare	Reduced	360,250	-342,803	$1,300,502	−45.8%	0.51%
BODI	Beachbody Company, Inc. Communication Services	Reduced	102,172	-195,455	$1,109,587	−64.0%	0.44%
MRDN	Meridian Holdings Inc./NV Consumer Cyclical	NEW	63,319	NEW	$457,163	NEW	0.18%
GOOGL	Alphabet Inc. Communication Services	Held	1,209	0	$347,660	−8.1%	0.14%
LYB	LyondellBasell Industries N.V. Basic Materials	Reduced	3,547	-1,694	$285,746	+25.9%	0.11%
SNY	Sanofi Healthcare	Added	5,774	+1,020	$278,191	+20.8%	0.11%
PSX	Phillips 66 Energy	Reduced	1,469	-290	$267,622	+17.9%	0.11%
GSK	GSK plc Healthcare	Added	4,760	+67	$262,704	+14.1%	0.10%
BX	Blackstone Inc. Financial Services	Added	2,284	+819	$262,637	+16.3%	0.10%
JNJ	Johnson & Johnson Healthcare	Reduced	1,070	-28	$261,550	+15.1%	0.10%
APO	Apollo Global Management, Inc. Financial Services	Added	2,339	+815	$260,611	+18.1%	0.10%
BAH	Booz Allen Hamilton Holding Corp Industrials	Added	3,307	+655	$258,045	+15.3%	0.10%
CG	Carlyle Group Inc. Financial Services	Added	5,312	+1,616	$257,047	+17.7%	0.10%
CI	Cigna Group Healthcare	Added	963	+134	$256,880	+12.6%	0.10%
NEE	Nextera Energy Inc Utilities	Reduced	2,746	-101	$255,048	+11.6%	0.10%
OWL	Blue Owl Capital Inc. Financial Services	NEW	27,880	NEW	$254,544	NEW	0.10%
BAM	Brookfield Asset Management Ltd. Financial Services	NEW	5,721	NEW	$254,298	NEW	0.10%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Reduced	5,201	-1,854	$253,444	+6.1%	0.10%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Added	3,383	+138	$250,003	+12.9%	0.10%
MO	Altria Group, Inc. Consumer Defensive	Reduced	3,787	-106	$249,904	+11.3%	0.10%
MDT	Medtronic plc Healthcare	Added	2,874	+538	$249,032	+11.0%	0.10%
MMM	3M Co Industrials	Added	1,712	+282	$248,633	+8.6%	0.10%
OUT	OUTFRONT Media Inc. Real Estate	Reduced	9,347	-86	$247,695	+9.0%	0.10%
KVUE	Kenvue Inc. Consumer Defensive	Added	14,327	+864	$246,997	+6.4%	0.10%
SMG	Scotts Miracle-Gro Co Basic Materials	Added	4,056	+215	$246,645	+10.0%	0.10%
WSO	Watsco Inc Industrials	Added	668	+12	$243,011	+9.9%	0.10%
PM	Philip Morris International Inc. Consumer Defensive	Added	1,461	+33	$241,561	+5.5%	0.09%
UNH	Unitedhealth Group Inc Healthcare	Added	888	+185	$240,283	+3.5%	0.09%
KREF	KKR Real Estate Finance Trust Inc. Real Estate	Added	38,108	+11,499	$233,220	+6.6%	0.09%