L2 Asset Management, LLC

CIK

1686988

Location

Wayland, MA

Portfolio Value

Small $843,896,191

Diversification

Diversified

Filing Date

Global Rank

#1,696 / 8,232 ▲ 639

Top Industry

Semiconductors 7.1%

3Y Alpha vs SPY

+4.7%

Period ended 2 months ago

Filed May 15, 2026 · 30d

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

+97.8%

SPY

+76.3%

Annualised alpha

+4.7%

Max drawdown

−22.9%

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

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

Top Position

25.9%

+21.9 pts

Top 5

34.7%

+18.9 pts

Top 10

41.3%

+16.6 pts

HHI

732

Diversified+611

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	26.1%	$220,089,320	3
Technology	22.0%	$185,534,088	72
Financial Services	10.5%	$88,840,990	55
Healthcare	8.8%	$74,331,034	29
Consumer Cyclical	7.6%	$64,263,457	37
Communication Services	5.5%	$46,392,414	18
Energy	5.1%	$42,695,116	22
Consumer Defensive	4.7%	$39,823,961	22
Industrials	4.4%	$37,366,008	50
Basic Materials	3.0%	$25,545,380	13
Utilities	1.4%	$12,086,059	19
Real Estate	0.8%	$6,928,364	14

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
SPY	Spdr S&P 500 ETF Trust	+335,788	336,721	$218,983,135
HAL	Halliburton Co	+61,886	216,866	$8,455,605
CHWY	Chewy, Inc.	+54,234	90,332	$2,438,964
KR	Kroger Co	+47,432	53,725	$3,887,541
EXEL	Exelixis, Inc.	+43,626	130,292	$5,588,223
RYN	Rayonier Inc	+39,741	81,638	$1,683,375
KD	Kyndryl Holdings, Inc.	+39,739	53,189	$697,839
ABNB	Airbnb, Inc.	+36,982	71,959	$9,086,982
NJR	New Jersey Resources Corp	+28,888	48,667	$2,672,791
ETHA	iShares Ethereum Trust ETF	+22,882	45,764	$724,444
CF	CF Industries Holdings, Inc.	+20,095	112,065	$14,550,519
NTAP	NetApp, Inc.	+19,937	94,226	$9,647,800
CRBG	Corebridge Financial, Inc.	+19,586	53,629	$1,279,587
LYV	Live Nation Entertainment, Inc.	+19,115	54,231	$8,270,769
TPR	Tapestry, Inc.	+18,415	56,185	$7,928,265
HTZ	Hertz Global Holdings, Inc	+17,004	38,616	$178,019
AAON	Aaon, Inc.	+15,822	26,439	$2,187,827
EBS	Emergent BioSolutions Inc.	+15,181	25,782	$213,990
BMY	Bristol Myers Squibb Co	+14,376	25,140	$1,524,741
BBY	Best Buy Co Inc	+13,955	59,526	$3,821,569
AMGN	Amgen Inc	+13,836	27,740	$9,760,319
IHS	IHS Holding Ltd	+13,786	25,853	$212,770
ANF	Abercrombie & Fitch Co /De/	+13,774	23,001	$2,101,601
VAL	Valaris Ltd	+13,301	36,936	$3,621,205
DLTR	Dollar Tree, Inc.	+13,300	73,966	$8,100,016
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GEN	Gen Digital Inc.	−72,470	13,832	$260,456
EBAY	Ebay Inc	−49,156	7,508	$683,378
WFC	Wells Fargo & Company/Mn	−22,146	16,931	$1,347,876
AKAM	Akamai Technologies Inc	−16,984	24,070	$2,764,439
CAH	Cardinal Health Inc	−14,761	24,705	$5,220,413
CSCO	Cisco Systems, Inc.	−13,555	110,108	$8,543,279
CHKP	Check Point Software Technologies Ltd	−13,261	11,889	$1,698,343
LVS	Las Vegas Sands Corp	−8,024	41,641	$2,243,617
CPAY	Corpay, Inc.	−7,591	11,640	$3,387,123
JBL	Jabil Inc	−4,785	27,863	$7,401,248
GILD	Gilead Sciences, Inc.	−4,759	66,161	$9,220,858
JPM	Jpmorgan Chase & Co	−4,575	18,085	$5,319,883
MRK	Merck & Co., Inc.	−3,999	14,105	$1,696,690
BRK-B	Berkshire Hathaway Inc	−3,256	22,172	$10,624,822
BLD	TopBuild Corp	−2,422	3,708	$1,302,620
ACM	Aecom	−2,233	7,771	$659,136
JNJ	Johnson & Johnson	−2,115	3,088	$754,830
KMB	Kimberly Clark Corp	−2,094	5,828	$562,227
RL	Ralph Lauren Corp	−1,906	16,141	$5,552,342
LRCX	Lam Research Corp	−1,901	26,025	$5,560,501
ABBV	AbbVie Inc.	−1,417	12,615	$2,743,636
IBM	International Business Machines Corp	−1,190	23,089	$5,596,542
VST	Vistra Corp.	−1,082	4,672	$702,341
PYPL	PayPal Holdings, Inc.	−983	35,453	$1,603,539
PM	Philip Morris International Inc.	−752	3,161	$522,639
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
JHG	Janus Henderson Group PLC	289,902	$14,892,265
KHC	Kraft Heinz Co	218,259	$4,908,644
DVN	Devon Energy Corp/De	75,366	$3,792,417
IT	Gartner Inc	12,871	$2,037,994
HUBB	Hubbell Inc	3,352	$1,644,960
ILMN	Illumina, Inc.	11,469	$1,413,668
FFIV	F5, Inc.	4,536	$1,312,400
CVLT	Commvault Systems Inc	10,256	$798,839
SFM	Sprouts Farmers Market, Inc.	10,277	$792,665
WTS	Watts Water Technologies Inc	2,201	$638,928
NEU	Newmarket Corp	936	$599,929
VNO	Vornado Realty Trust	22,292	$579,369
MO	Altria Group, Inc.	8,727	$575,894
SNDK	Sandisk Corp	747	$474,598
VIK	Viking Holdings Ltd	5,628	$413,545
PLAB	Photronics Inc	9,598	$387,855
ZIM	ZIM Integrated Shipping Services Ltd.	13,331	$351,271
HIG	Hartford Insurance Group, Inc.	2,527	$341,726
CMPR	CIMPRESS plc	4,522	$330,106
FITB	Fifth Third Bancorp	6,678	$310,259
MD	Pediatrix Medical Group, Inc.	14,395	$307,909
ECPG	Encore Capital Group Inc	4,335	$303,970
TSM	Taiwan Semiconductor Manufacturing Co Ltd	888	$300,099
CIEN	Ciena Corp	751	$291,560
TRGP	Targa Resources Corp.	1,142	$286,333
No positions match the current search.

Sold Out

Positions the filer fully exited

22 positions

Ticker	Company	Shares	Value
OMC	Omnicom Group Inc.	31,466	$2,540,879
TLN	Talen Energy Corp	5,082	$1,904,936
BAH	Booz Allen Hamilton Holding Corp	15,035	$1,268,352
DKS	Dick's Sporting Goods, Inc.	5,630	$1,114,571
DOCU	Docusign, Inc.	13,594	$929,829
UNM	Unum Group	10,343	$801,582
STT	State Street Corp	6,170	$795,991
CTRA	Coterra Energy Inc.	23,899	$629,021
TXNM	Txnm Energy Inc	8,187	$482,050
FR	First Industrial Realty Trust Inc	7,622	$436,511
VC	Visteon Corp	4,546	$432,324
AMZN	Amazon Com Inc	1,459	$336,766
WIX	Wix.com Ltd.	3,216	$334,110
BURL	Burlington Stores, Inc.	1,054	$304,447
GDDY	GoDaddy Inc.	2,256	$279,924
EVR	Evercore Inc.	821	$279,345
DRI	Darden Restaurants Inc	1,495	$275,109
RBLX	Roblox Corp	3,056	$247,627
WDAY	Workday, Inc.	1,079	$231,747
TTWO	Take Two Interactive Software Inc	900	$230,427
AXON	Axon Enterprise, Inc.	376	$213,541
CTSH	Cognizant Technology Solutions Corp	2,425	$201,275
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

354 positions · $843,896,191 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 354 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	336,721	+335,788	$218,983,135	+34318.8%	25.95%
NVDA	Nvidia Corp Technology	Added	126,786	+8,775	$22,111,478	+0.5%	2.62%
AAPL	Apple Inc. Technology	Added	86,581	+8,722	$21,973,391	+3.8%	2.60%
MSFT	Microsoft Corp Technology	Added	40,974	+2,873	$15,167,345	−17.7%	1.80%
JHG	Janus Henderson Group PLC Financial Services	NEW	289,902	NEW	$14,892,265	NEW	1.76%
CF	CF Industries Holdings, Inc. Basic Materials	Added	112,065	+20,095	$14,550,519	+104.6%	1.72%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	22,172	-3,256	$10,624,822	−16.9%	1.26%
GOOGL	Alphabet Inc. Communication Services	Added	36,651	+2,814	$10,539,361	−0.5%	1.25%
AMGN	Amgen Inc Healthcare	Added	27,740	+13,836	$9,760,319	+114.5%	1.16%
META	Meta Platforms, Inc. Communication Services	Reduced	17,017	-260	$9,735,936	−14.6%	1.15%
EXPE	Expedia Group, Inc. Consumer Cyclical	Added	41,991	+2,342	$9,695,301	−13.7%	1.15%
NTAP	NetApp, Inc. Technology	Added	94,226	+19,937	$9,647,800	+21.3%	1.14%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	66,161	-4,759	$9,220,858	+5.9%	1.09%
ABNB	Airbnb, Inc. Consumer Cyclical	Added	71,959	+36,982	$9,086,982	+91.4%	1.08%
CSCO	Cisco Systems, Inc. Technology	Reduced	110,108	-13,555	$8,543,279	−10.3%	1.01%
HAL	Halliburton Co Energy	Added	216,866	+61,886	$8,455,605	+93.1%	1.00%
UTHR	UNITED THERAPEUTICS Corp Healthcare	Added	14,091	+2,102	$8,355,681	+43.0%	0.99%
LYV	Live Nation Entertainment, Inc. Communication Services	Added	54,231	+19,115	$8,270,769	+65.3%	0.98%
FLEX	Flex Ltd. Technology	Added	124,846	+7,295	$8,172,419	+15.1%	0.97%
DLTR	Dollar Tree, Inc. Consumer Defensive	Added	73,966	+13,300	$8,100,016	+8.5%	0.96%
TPR	Tapestry, Inc. Consumer Cyclical	Added	56,185	+18,415	$7,928,265	+64.3%	0.94%
AVGO	Broadcom Inc. Technology	Added	25,334	+1,885	$7,841,126	−3.4%	0.93%
SYF	Synchrony Financial Financial Services	Added	110,998	+10,703	$7,550,083	−9.8%	0.89%
JBL	Jabil Inc Technology	Reduced	27,863	-4,785	$7,401,248	−0.6%	0.88%
ZM	Zoom Communications, Inc. Technology	Added	88,028	+12,296	$7,076,570	+8.3%	0.84%
RPRX	Royalty Pharma plc Healthcare	Added	147,082	+1,328	$7,055,523	+25.3%	0.84%
LOGI	Logitech International S.A. Technology	Added	77,126	+10,699	$7,027,721	+5.6%	0.83%
FOXA	Fox Corp Communication Services	Added	113,009	+6,763	$6,599,725	−15.0%	0.78%
DELL	Dell Technologies Inc. Technology	Added	40,107	+10,494	$6,582,761	+76.6%	0.78%
QCOM	Qualcomm Inc/De Technology	Added	49,031	+5,730	$6,314,212	−14.7%	0.75%
TSLA	Tesla, Inc. Consumer Cyclical	Added	15,884	+539	$5,904,877	−14.4%	0.70%
AMP	Ameriprise Financial Inc Financial Services	Added	13,222	+244	$5,875,856	−7.7%	0.70%
HOLX	HOLOGIC INC Healthcare	Added	76,853	+2,219	$5,809,318	+4.5%	0.69%
COKE	Coca-Cola Consolidated, Inc. Consumer Defensive	Added	30,109	+3,630	$5,773,099	+42.2%	0.68%
IBM	International Business Machines Corp Technology	Reduced	23,089	-1,190	$5,596,542	−22.2%	0.66%
EXEL	Exelixis, Inc. Healthcare	Added	130,292	+43,626	$5,588,223	+47.1%	0.66%
LRCX	Lam Research Corp Technology	Reduced	26,025	-1,901	$5,560,501	+16.3%	0.66%
RL	Ralph Lauren Corp Consumer Cyclical	Reduced	16,141	-1,906	$5,552,342	−13.0%	0.66%
SLB	Slb Limited/Nv Energy	Added	106,239	+4,811	$5,459,622	+40.2%	0.65%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	18,085	-4,575	$5,319,883	−27.1%	0.63%
EOG	Eog Resources Inc Energy	Added	36,149	+5,849	$5,226,060	+64.2%	0.62%
CAH	Cardinal Health Inc Healthcare	Reduced	24,705	-14,761	$5,220,413	−35.6%	0.62%
KHC	Kraft Heinz Co Consumer Defensive	NEW	218,259	NEW	$4,908,644	NEW	0.58%
INCY	Incyte Corp Healthcare	Added	42,145	+78	$3,966,687	−4.5%	0.47%
KR	Kroger Co Consumer Defensive	Added	53,725	+47,432	$3,887,541	+888.7%	0.46%
XOM	Exxon Mobil Corp Energy	Added	22,893	+1,373	$3,884,026	+50.0%	0.46%
BBY	Best Buy Co Inc Consumer Cyclical	Added	59,526	+13,955	$3,821,569	+25.3%	0.45%
DVN	Devon Energy Corp/De Energy	NEW	75,366	NEW	$3,792,417	NEW	0.45%
VAL	Valaris Ltd Energy	Added	36,936	+13,301	$3,621,205	+204.0%	0.43%
CPAY	Corpay, Inc. Technology	Reduced	11,640	-7,591	$3,387,123	−41.5%	0.40%