True Capital Management

CIK

1697333

Location

SAN FRANCISCO, CA

Portfolio Value

Small $139,986,589

Diversification

Diversified

Filing Date

Global Rank

#5,100 / 7,001 ▲ 336 · as of Mar 2023

Top Industry

Software - Infrastructure 16.2%

Period ended 3 years ago

Filed May 2, 2023 · 3y

2 quarters · since Dec 2022

Clone Performance

Sep 2023–Oct 2023 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

-1.4%

SPY

-2.8%

Annualised alpha

—

Max drawdown

−6.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Captured split ratios restate closes onto one basis; only an unusable ratio can exclude earlier closes for that listing. It tracks 100% of reported value on average across 1 quarter.True Capital Management has stopped filing, so the simulation ends in Oct 2023 — where its last reported portfolio went stale — rather than trading that portfolio forward to today. Past performance does not predict future results.

Portfolio Concentration

93 tracked positions · as of Mar 31, 2023 · Δ vs Dec 31, 2022

Top Position

9.0%

+0.7 pts

Top 5

31.3%

−1.2 pts

Top 10

50.1%

−1.7 pts

HHI

345

Diversified−9

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2023

Sector	% Portfolio	Value	Positions
Unclassified	41.8%	$58,560,694	30
Technology	23.2%	$32,422,263	11
Communication Services	10.1%	$14,186,939	4
Financial Services	7.9%	$11,065,375	10
Consumer Cyclical	7.2%	$10,051,759	10
Consumer Defensive	6.3%	$8,837,756	9
Healthcare	1.3%	$1,887,481	7
Industrials	1.0%	$1,452,460	6
Utilities	0.5%	$762,530	3
Energy	0.5%	$759,332	3

Last Quarter's Activity

Export CSV

Mar 31, 2023 vs Dec 31, 2022

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
TSLA	Tesla, Inc.	+10,664	18,150	$3,765,399
AFGR	First Trust Active Factor Large Cap Growth ETF	+7,382	35,682	$816,050
UBER	Uber Technologies, Inc	+5,909	30,215	$957,815
CAAA	First Trust AAA CMBS ETF	+5,196	40,310	$2,016,541
ARKD	ARK DIET Q1 Buffer ETF	+1,887	48,125	$1,836,936
GOOGL	Alphabet Inc.	+1,567	69,908	$7,261,305
AMZN	Amazon Com Inc	+1,325	31,200	$3,222,648
VEU	Vanguard FTSE All-World Ex-US ETF	+1,308	8,592	$347,116
AAPL	Apple Inc.	+1,157	76,524	$12,618,807
MSFT	Microsoft Corp	+772	9,115	$2,627,854
PM	Philip Morris International Inc.	+760	8,575	$833,918
CSX	Csx Corp	+759	11,646	$348,681
SBUX	Starbucks Corp	+640	3,515	$366,016
JPM	Jpmorgan Chase & Co	+624	4,912	$640,082
BIV	Vanguard Intermediate-Term Bond ETF	+525	5,863	$432,865
CVX	Chevron Corp	+374	1,900	$310,004
HD	Home Depot, Inc.	+355	1,114	$328,763
PEP	Pepsico Inc	+349	1,572	$286,575
TJX	Tjx Companies Inc /De/	+344	2,935	$229,986
DIS	Walt Disney Co	+305	3,431	$343,546
NVDA	Nvidia Corp	+288	13,907	$3,862,947
DUK	Duke Energy CORP	+251	2,205	$212,716
V	Visa Inc.	+240	5,520	$1,244,539
PG	PROCTER & GAMBLE Co	+235	15,711	$2,336,068
VB	Vanguard Morningstar Small-Cap ETF	+211	43,536	$5,636,599
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
OCSL	Oaktree Specialty Lending Corp	−72,498	34,607	$649,573
PLTR	Palantir Technologies Inc.	−27,728	945,464	$7,989,170
AIRR	First Trust RBA American Industrial Renaissance ETF	−5,187	8,274	$371,254
LAZRQ	Luminar Technologies, Inc./DE	−4,739	95,782	$0
FCAL	First Trust California Municipal High income ETF	−2,672	32,405	$686,222
DCOR	Dimensional US Core Equity 1 ETF	−2,595	104,953	$3,681,809
AAXJ	iShares MSCI All Country Asia ex Japan ETF	−1,954	103,509	$7,843,657
QQQ	Invesco Qqq Trust, Series 1	−1,898	22,081	$7,086,455
ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	−1,772	66,413	$3,852,655
SPY	Spdr S&P 500 ETF Trust	−1,582	7,806	$3,195,698
GBDC	GOLUB CAPITAL BDC, Inc.	−1,430	38,532	$522,493
IVZ	Invesco Ltd.	−1,333	54,069	$1,528,660
ECNS	iShares MSCI China Small-Cap ETF	−1,113	10,249	$485,664
STT	State Street Corp	−1,040	39,549	$1,271,500
FAB	First Trust Multi Cap Value AlphaDEX Fund	−980	16,888	$1,413,367
VIG	Vanguard Dividend Appreciation ETF	−633	58,052	$8,094,412
VIGI	Vanguard International Dividend Appreciation ETF	−629	6,097	$643,233
AGNG	Global X Funds Global X Aging Population ETF	−516	29,483	$691,376
COIN	Coinbase Global, Inc.	−386	50,792	$3,432,015
XLBI	State Street Materials Select Sector SPDR Premium Income ETF	−382	18,909	$1,772,513
XLB	State Street Materials Select Sector SPDR ETF	−320	10,180	$0
AFK	VanEck Africa Index ETF	−274	10,945	$485,520
BKF	iShares MSCI BIC ETF	−199	6,851	$635,841
EDV	Vanguard World Funds Extended Duration ETF	−180	13,744	$2,003,777
IBB	iShares Biotechnology ETF	−23	8,433	$1,089,206
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
BBAG	JPMorgan BetaBuilders U.S. Aggregate Bond ETF	7,035	$354,001
AMD	Advanced Micro Devices Inc	2,993	$293,343
ABBV	AbbVie Inc.	1,699	$270,769
FDX	Fedex Corp	1,083	$247,454
MRK	Merck & Co., Inc.	2,310	$245,760
NVO	Novo Nordisk A S	1,502	$239,028
TXG	10x Genomics, Inc.	3,834	$213,898
ACN	Accenture plc	731	$208,927
NKE	NIKE, Inc.	1,696	$207,997
UPS	United Parcel Service Inc	1,057	$205,047
PSX	Phillips 66	1,993	$202,050
PYPL	PayPal Holdings, Inc.	2,652	$201,392
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
FTHY	First Trust High Yield Opportunities 2027 Term Fund	12,876	$173,568
SFIX	Stitch Fix, Inc.	12,034	$37,425
CVM	Cel Sci Corp	12,376	$29,083
CPIX	Cumberland Pharmaceuticals Inc	12,025	$27,056
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

93 tracked positions · $139,986,589 total · filing declares 129 positions · $145,991,900 · as of Mar 31, 2023

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 93 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Added	76,524	+1,157	$12,618,807	+28.9%	9.01%
VIG	Vanguard Dividend Appreciation ETF	Reduced	58,052	-633	$8,094,412	+0.7%	5.78%
PLTR	Palantir Technologies Inc. Technology	Reduced	945,464	-27,728	$7,989,170	+27.9%	5.71%
AAXJ	iShares MSCI All Country Asia ex Japan ETF	Reduced	103,509	-1,954	$7,843,657	+2.1%	5.60%
GOOGL	Alphabet Inc. Communication Services	Added	69,908	+1,567	$7,261,305	+20.1%	5.19%
QQQ	Invesco Qqq Trust, Series 1	Reduced	22,081	-1,898	$7,086,455	+11.0%	5.06%
META	Meta Platforms, Inc. Communication Services	Added	27,568	+49	$5,842,761	+76.4%	4.17%
VB	Vanguard Morningstar Small-Cap ETF	Added	43,536	+211	$5,636,599	+2.8%	4.03%
NVDA	Nvidia Corp Technology	Added	13,907	+288	$3,862,947	+94.1%	2.76%
ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Reduced	66,413	-1,772	$3,852,655	+0.6%	2.75%
TSLA	Tesla, Inc. Consumer Cyclical	Added	18,150	+10,664	$3,765,399	+308.3%	2.69%
DCOR	Dimensional US Core Equity 1 ETF	Reduced	104,953	-2,595	$3,681,809	−0.4%	2.63%
COIN	Coinbase Global, Inc. Financial Services	Reduced	50,792	-386	$3,432,015	+89.5%	2.45%
AMZN	Amazon Com Inc Consumer Cyclical	Added	31,200	+1,325	$3,222,648	+28.4%	2.30%
SPY	Spdr S&P 500 ETF Trust	Reduced	7,806	-1,582	$3,195,698	−11.0%	2.28%
MSFT	Microsoft Corp Technology	Added	9,115	+772	$2,627,854	+31.3%	1.88%
XYZ	Block, Inc. Technology	Added	37,956	+124	$2,605,679	+9.6%	1.86%
WMT	Walmart Inc. Consumer Defensive	Added	16,328	+78	$2,407,563	+4.5%	1.72%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	15,711	+235	$2,336,068	−0.4%	1.67%
IAU	Ishares Gold Trust	Held	56,633	0	$2,116,375	+8.0%	1.51%
CAAA	First Trust AAA CMBS ETF	Added	40,310	+5,196	$2,016,541	+17.4%	1.44%
EDV	Vanguard World Funds Extended Duration ETF	Reduced	13,744	-180	$2,003,777	−4.6%	1.43%
ARKD	ARK DIET Q1 Buffer ETF	Added	48,125	+1,887	$1,836,936	+30.0%	1.31%
XLBI	State Street Materials Select Sector SPDR Premium Income ETF	Reduced	18,909	-382	$1,772,513	+4.4%	1.27%
IVZ	Invesco Ltd. Financial Services	Reduced	54,069	-1,333	$1,528,660	+4.8%	1.09%
FAB	First Trust Multi Cap Value AlphaDEX Fund	Reduced	16,888	-980	$1,413,367	−3.7%	1.01%
STT	State Street Corp Financial Services	Reduced	39,549	-1,040	$1,271,500	−8.4%	0.91%
V	Visa Inc. Financial Services	Added	5,520	+240	$1,244,539	+13.5%	0.89%
CLX	Clorox Co /De/ Consumer Defensive	Held	7,728	0	$1,222,878	+12.8%	0.87%
ABNB	Airbnb, Inc. Consumer Cyclical	Added	9,500	+94	$1,181,800	+47.0%	0.84%
IBB	iShares Biotechnology ETF	Reduced	8,433	-23	$1,089,206	−1.9%	0.78%
FBK	FB Financial Corp Financial Services	Held	33,582	0	$1,043,728	−14.0%	0.75%
UBER	Uber Technologies, Inc Technology	Added	30,215	+5,909	$957,815	+59.3%	0.68%
PM	Philip Morris International Inc. Consumer Defensive	Added	8,575	+760	$833,918	+5.4%	0.60%
AFGR	First Trust Active Factor Large Cap Growth ETF	Added	35,682	+7,382	$816,050	+32.4%	0.58%
NFLX	Netflix Inc Communication Services	Added	2,140	+188	$739,327	+28.4%	0.53%
AGNG	Global X Funds Global X Aging Population ETF	Reduced	29,483	-516	$691,376	+11.1%	0.49%
FCAL	First Trust California Municipal High income ETF	Reduced	32,405	-2,672	$686,222	−8.5%	0.49%
OCSL	Oaktree Specialty Lending Corp Financial Services	Reduced	34,607	-72,498	$649,573	−11.7%	0.46%
VIGI	Vanguard International Dividend Appreciation ETF	Reduced	6,097	-629	$643,233	−11.6%	0.46%
JPM	Jpmorgan Chase & Co Financial Services	Added	4,912	+624	$640,082	+11.3%	0.46%
BKF	iShares MSCI BIC ETF	Reduced	6,851	-199	$635,841	+21.1%	0.45%
TGT	Target Corp Consumer Defensive	Added	3,414	+58	$565,460	+13.1%	0.40%
CRM	Salesforce, Inc. Technology	Added	2,672	+39	$533,812	+52.9%	0.38%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	1,721	+100	$531,393	+6.1%	0.38%
GBDC	GOLUB CAPITAL BDC, Inc. Financial Services	Reduced	38,532	-1,430	$522,493	−0.6%	0.37%
MCD	Mcdonalds Corp Consumer Cyclical	Added	1,771	+22	$495,189	+7.4%	0.35%
ECNS	iShares MSCI China Small-Cap ETF	Reduced	10,249	-1,113	$485,664	−2.6%	0.35%
AFK	VanEck Africa Index ETF	Reduced	10,945	-274	$485,520	+12.2%	0.35%
AVGO	Broadcom Inc. Technology	Added	690	+49	$442,662	+23.5%	0.32%

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.