LYELL WEALTH MANAGEMENT, LP

CIK

1686444

Location

MENLO PARK, CA

Portfolio Value

Mid $1,095,672,655

Diversification

Diversified

Filing Date

Global Rank

#1,422 / 8,232 ▲ 61

Top Industry

Semiconductors 14.5%

3Y Alpha vs SPY

-2.7%

Period ended 2 months ago

Filed May 7, 2026 · 38d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+64.7%

SPY

+76.3%

Annualised alpha

-2.7%

Max drawdown

−22.5%

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

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

Top Position

9.2%

−0.0 pts

Top 5

24.7%

−0.9 pts

Top 10

37.9%

−0.6 pts

HHI

259

Diversified−2

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	40.0%	$437,812,606	35
Industrials	11.4%	$124,578,056	21
Communication Services	10.8%	$118,297,577	8
Financial Services	10.5%	$115,087,603	18
Consumer Cyclical	9.5%	$103,884,218	17
Healthcare	7.6%	$83,791,922	23
Consumer Defensive	4.4%	$47,875,787	5
Unclassified	3.2%	$35,464,995	7
Energy	1.6%	$17,004,168	12
Basic Materials	0.7%	$7,121,902	1
Real Estate	0.4%	$4,530,631	2
Utilities	0.0%	$223,190	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
TJX	Tjx Companies Inc /De/	+39,688	54,833	$8,756,830
OWL	Blue Owl Capital Inc.	+35,681	725,136	$6,620,491
OUNZ	VanEck Merk Gold ETF	+21,450	83,245	$3,750,187
ICE	Intercontinental Exchange, Inc.	+18,269	20,772	$3,267,020
AVGO	Broadcom Inc.	+16,866	39,849	$12,333,663
BALL	BALL Corp	+8,062	33,367	$1,972,323
TOL	Toll Brothers, Inc.	+4,537	100,181	$13,671,701
NFLX	Netflix Inc	+4,366	210,747	$20,263,324
DHI	Horton D R Inc /De/	+3,078	126,385	$17,342,549
PAA	Plains All American Pipeline LP	+3,000	13,900	$310,387
SNOW	Snowflake Inc.	+2,991	63,551	$9,584,761
SPY	Spdr S&P 500 ETF Trust	+2,728	18,829	$12,245,251
HON	Honeywell International Inc	+2,076	51,035	$11,535,441
GRAB	Grab Holdings Ltd	+2,000	47,500	$173,850
WMT	Walmart Inc.	+1,690	125,615	$15,611,432
NET	Cloudflare, Inc.	+1,665	54,034	$11,149,375
PWR	Quanta Services, Inc.	+1,248	39,707	$21,799,937
META	Meta Platforms, Inc.	+1,011	55,116	$31,533,517
PANW	Palo Alto Networks Inc	+864	170,274	$27,298,327
TRV	Travelers Companies, Inc.	+809	2,106	$614,278
AMZN	Amazon Com Inc	+792	175,441	$36,539,097
BRK-B	Berkshire Hathaway Inc	+700	24,078	$11,538,177
TMUS	T-Mobile US, Inc.	+660	41,698	$8,757,830
AAPL	Apple Inc.	+535	184,296	$46,772,481
AMAT	Applied Materials Inc /De	+532	1,699	$580,701
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
LEN	Lennar Corp /New/	−44,403	34,296	$2,978,264
WDAY	Workday, Inc.	−42,426	29,172	$3,790,026
BR	Broadridge Financial Solutions, Inc.	−38,322	2,297	$373,216
CRM	Salesforce, Inc.	−36,739	15,355	$2,866,317
DLR	Digital Realty Trust, Inc.	−35,347	23,645	$4,261,065
VEEV	Veeva Systems Inc	−16,759	37,830	$6,645,217
NOW	ServiceNow, Inc.	−15,939	114,446	$11,965,329
BAC	Bank Of America Corp /De/	−15,000	74,783	$3,645,671
MU	Micron Technology Inc	−5,002	3,453	$1,166,561
DXCM	Dexcom Inc	−4,646	16,474	$1,034,567
INTU	Intuit Inc.	−4,194	28,832	$12,466,380
SYK	Stryker Corp	−3,645	36,965	$12,146,329
NKE	NIKE, Inc.	−3,075	9,038	$477,387
FCX	Freeport-Mcmoran Inc	−3,003	121,162	$7,121,902
COP	Conocophillips	−2,258	16,686	$2,202,552
DIS	Walt Disney Co	−1,877	33,646	$3,242,801
NVDA	Nvidia Corp	−1,791	578,932	$100,965,740
DASH	DoorDash, Inc.	−1,500	4,027	$604,654
ABT	Abbott Laboratories	−1,498	64,501	$6,622,317
IBIT	iShares Bitcoin Trust ETF	−1,331	11,676	$448,591
CVX	Chevron Corp	−1,265	24,958	$5,163,810
V	Visa Inc.	−1,170	53,199	$16,078,865
UNP	Union Pacific Corp	−1,160	30,069	$7,295,340
QQQ	Invesco Qqq Trust, Series 1	−1,137	3,532	$2,038,599
SBUX	Starbucks Corp	−1,090	7,167	$642,091
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
WM	Waste Management Inc	47,158	$10,836,436
DELL	Dell Technologies Inc.	27,190	$4,462,694
NDAQ	Nasdaq, Inc.	31,895	$2,707,566
ITW	Illinois Tool Works Inc	1,126	$293,086
EPD	Enterprise Products Partners L.P.	7,589	$287,167
AZN	Astrazeneca PLC	1,377	$271,571
LNG	Cheniere Energy, Inc.	928	$263,329
INTC	Intel Corp	5,230	$230,799
NEE	Nextera Energy Inc	2,403	$223,190
NVS	Novartis AG	1,405	$214,613
VZ	Verizon Communications Inc	4,045	$203,059
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
ZTS	Zoetis Inc.	6,712	$844,503
MRP	Millrose Properties, Inc.	15,185	$453,575
ADBE	Adobe Inc.	1,039	$363,639
SOLS	Solstice Advanced Materials Inc.	6,363	$309,114
TEAM	Atlassian Corp	1,794	$290,879
QCOM	Qualcomm Inc/De	1,648	$281,890
DKNG	DraftKings Inc.	7,849	$270,476
SAP	Sap SE	1,087	$264,043
APP	AppLovin Corp	304	$204,841
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

150 positions · $1,095,672,655 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 150 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	578,932	-1,791	$100,965,740	−6.8%	9.21%
GOOGL	Alphabet Inc. Communication Services	Reduced	181,994	-238	$52,334,194	−8.2%	4.78%
AAPL	Apple Inc. Technology	Added	184,296	+535	$46,772,481	−6.4%	4.27%
AMZN	Amazon Com Inc Consumer Cyclical	Added	175,441	+792	$36,539,097	−9.4%	3.33%
MSFT	Microsoft Corp Technology	Added	92,487	+338	$34,235,912	−23.2%	3.12%
META	Meta Platforms, Inc. Communication Services	Added	55,116	+1,011	$31,533,517	−11.7%	2.88%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	29,874	+378	$29,767,349	+17.0%	2.72%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	100,578	-239	$29,586,024	−8.9%	2.70%
PANW	Palo Alto Networks Inc Technology	Added	170,274	+864	$27,298,327	−12.5%	2.49%
ASML	Asml Holding NV Technology	Reduced	20,137	-292	$26,597,553	+21.7%	2.43%
VRT	Vertiv Holdings Co Industrials	Reduced	104,958	-533	$26,300,375	+53.9%	2.40%
CAT	Caterpillar Inc Industrials	Reduced	36,994	-251	$26,208,769	+22.8%	2.39%
APH	Amphenol Corp /De/ Technology	Reduced	189,586	-358	$23,954,191	−6.7%	2.19%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	67,979	-809	$22,973,503	+9.9%	2.10%
PWR	Quanta Services, Inc. Industrials	Added	39,707	+1,248	$21,799,937	+34.3%	1.99%
NFLX	Netflix Inc Communication Services	Added	210,747	+4,366	$20,263,324	+4.7%	1.85%
SHOP	Shopify Inc. Technology	Added	164,916	+21	$19,562,335	−26.3%	1.79%
MS	Morgan Stanley Financial Services	Added	109,996	+234	$18,102,041	−7.1%	1.65%
DHI	Horton D R Inc /De/ Consumer Cyclical	Added	126,385	+3,078	$17,342,549	−2.4%	1.58%
ISRG	Intuitive Surgical Inc Healthcare	Reduced	37,192	-294	$17,145,140	−19.2%	1.56%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	34,546	+323	$16,980,395	−14.4%	1.55%
V	Visa Inc. Financial Services	Reduced	53,199	-1,170	$16,078,865	−15.7%	1.47%
AMD	Advanced Micro Devices Inc Technology	Added	77,486	+99	$15,762,976	−4.9%	1.44%
WMT	Walmart Inc. Consumer Defensive	Added	125,615	+1,690	$15,611,432	+13.1%	1.42%
GLD	Spdr Gold Trust	Reduced	36,019	-311	$15,498,615	+7.6%	1.41%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	46,013	-322	$15,133,215	−5.1%	1.38%
CDNS	Cadence Design Systems Inc Technology	Added	52,360	+83	$14,549,273	−11.0%	1.33%
UBER	Uber Technologies, Inc Technology	Reduced	196,668	-114	$14,146,329	−12.0%	1.29%
TOL	Toll Brothers, Inc. Consumer Cyclical	Added	100,181	+4,537	$13,671,701	+5.7%	1.25%
IDXX	Idexx Laboratories Inc /De Healthcare	Reduced	22,517	-796	$12,652,077	−19.8%	1.15%
INTU	Intuit Inc. Technology	Reduced	28,832	-4,194	$12,466,380	−43.0%	1.14%
AVGO	Broadcom Inc. Technology	Added	39,849	+16,866	$12,333,663	+55.1%	1.13%
SPY	Spdr S&P 500 ETF Trust	Added	18,829	+2,728	$12,245,251	+11.5%	1.12%
SYK	Stryker Corp Healthcare	Reduced	36,965	-3,645	$12,146,329	−14.9%	1.11%
NOW	ServiceNow, Inc. Technology	Reduced	114,446	-15,939	$11,965,329	−40.1%	1.09%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	24,078	+700	$11,538,177	−1.8%	1.05%
HON	Honeywell International Inc Industrials	Added	51,035	+2,076	$11,535,441	+20.8%	1.05%
NET	Cloudflare, Inc. Technology	Added	54,034	+1,665	$11,149,375	+8.0%	1.02%
DE	Deere & Co Industrials	Added	19,304	+382	$10,873,943	+23.4%	0.99%
WM	Waste Management Inc Industrials	NEW	47,158	NEW	$10,836,436	NEW	0.99%
MA	Mastercard Inc Financial Services	Reduced	19,514	-330	$9,750,365	−13.9%	0.89%
SNOW	Snowflake Inc. Technology	Added	63,551	+2,991	$9,584,761	−27.8%	0.87%
EXTR	Extreme Networks Inc Technology	Held	582,345	0	$8,781,762	−9.4%	0.80%
TMUS	T-Mobile US, Inc. Communication Services	Added	41,698	+660	$8,757,830	+5.1%	0.80%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	54,833	+39,688	$8,756,830	+276.4%	0.80%
BLK	BlackRock, Inc. Financial Services	Added	8,501	+199	$8,175,496	−8.0%	0.75%
UNP	Union Pacific Corp Industrials	Reduced	30,069	-1,160	$7,295,340	+1.0%	0.67%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	121,162	-3,003	$7,121,902	+12.9%	0.65%
VEEV	Veeva Systems Inc Healthcare	Reduced	37,830	-16,759	$6,645,217	−45.5%	0.61%
ABT	Abbott Laboratories Healthcare	Reduced	64,501	-1,498	$6,622,317	−19.9%	0.60%