True Capital Management

CIK

1697333

Location

SAN FRANCISCO, CA

Portfolio Value

Micro $81,167,454

Diversification

Diversified

Filing Date

Global Rank

#4,801 / 6,871 ▲ 302

Top Industry

Software - Infrastructure 19.3%

3Y Alpha vs SPY

+13.0%

Period ended 3 years ago

Filed May 2, 2023 · 3y

2 quarters · since Dec 2022

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

+140.0%

SPY

+76.5%

Annualised alpha

+13.0%

Max drawdown

−29.7%

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

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

Top Position

15.5%

−0.2 pts

Top 5

46.0%

−1.3 pts

Top 10

65.7%

−1.1 pts

HHI

611

Diversified−29

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2023

Sector	% Portfolio	Value	Positions
Technology	35.2%	$28,547,214	11
Unclassified	15.7%	$12,727,957	4
Consumer Cyclical	12.4%	$10,051,759	9
Communication Services	12.0%	$9,766,520	4
Financial Services	10.2%	$8,265,215	8
Consumer Defensive	8.9%	$7,232,714	9
Healthcare	2.1%	$1,733,560	7
Industrials	1.6%	$1,320,653	5
Utilities	0.9%	$762,530	3
Energy	0.9%	$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
UBER	Uber Technologies, Inc	+5,909	30,215	$957,815
AMZN	Amazon Com Inc	+1,325	31,200	$3,222,648
AAPL	Apple Inc.	+1,157	76,524	$12,618,807
GOOGL	Alphabet Inc.	+1,042	33,802	$3,506,281
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
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	$386,294
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
NFLX	Netflix Inc	+188	2,140	$73,932
MO	Altria Group, Inc.	+153	9,116	$406,755
UNH	Unitedhealth Group Inc	+149	584	$275,992
LOW	Lowes Companies Inc	+149	1,270	$253,961
XYZ	Block, Inc.	+124	37,956	$2,605,679
JNJ	Johnson & Johnson	+115	2,186	$338,830
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
PLTR	Palantir Technologies Inc.	−27,728	945,464	$7,989,170
QQQ	Invesco Qqq Trust, Series 1	−1,898	22,081	$7,086,455
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
COIN	Coinbase Global, Inc.	−386	50,792	$3,432,015
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
OCSL	Oaktree Specialty Lending Corp	34,607	$649,573
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
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
NVO	Novo Nordisk A S	1,502	$119,514
No positions match the current search.

Sold Out

Positions the filer fully exited

3 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
CPIX	Cumberland Pharmaceuticals Inc	12,025	$27,056
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

63 positions · $81,167,454 total · as of Mar 31, 2023

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

Showing 1–50 of 63 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AVGO	Broadcom Inc. Technology	Added	690	+49	$44,266	+23.5%	0.05%
NFLX	Netflix Inc Communication Services	Added	2,140	+188	$73,932	+28.4%	0.09%
NVO	Novo Nordisk A S Healthcare	NEW	1,502	NEW	$119,514	NEW	0.15%
PYPL	PayPal Holdings, Inc. Financial Services	NEW	2,652	NEW	$201,392	NEW	0.25%
PSX	Phillips 66 Energy	NEW	1,993	NEW	$202,050	NEW	0.25%
UPS	United Parcel Service Inc Industrials	NEW	1,057	NEW	$205,047	NEW	0.25%
NKE	NIKE, Inc. Consumer Cyclical	NEW	1,696	NEW	$207,997	NEW	0.26%
ACN	Accenture plc Technology	NEW	731	NEW	$208,927	NEW	0.26%
DUK	Duke Energy CORP Utilities	Added	2,205	+251	$212,716	+5.7%	0.26%
TXG	10x Genomics, Inc. Healthcare	NEW	3,834	NEW	$213,898	NEW	0.26%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	2,935	+344	$229,986	+11.5%	0.28%
MRK	Merck & Co., Inc. Healthcare	NEW	2,310	NEW	$245,760	NEW	0.30%
MPC	Marathon Petroleum Corp Energy	Added	1,834	+1	$247,278	+15.9%	0.30%
FDX	Fedex Corp Industrials	NEW	1,083	NEW	$247,454	NEW	0.30%
NRGV	Energy Vault Holdings, Inc. Utilities	Held	116,726	0	$249,793	−31.4%	0.31%
BA	Boeing Co Industrials	Added	1,185	+66	$251,729	+18.1%	0.31%
LOW	Lowes Companies Inc Consumer Cyclical	Added	1,270	+149	$253,961	+13.7%	0.31%
CAT	Caterpillar Inc Industrials	Added	1,170	+64	$267,742	+1.1%	0.33%
DHR	Danaher Corp /De/ Healthcare	Added	1,203	+67	$268,797	+0.6%	0.33%
ABBV	AbbVie Inc. Healthcare	NEW	1,699	NEW	$270,769	NEW	0.33%
UNH	Unitedhealth Group Inc Healthcare	Added	584	+149	$275,992	+19.7%	0.34%
TXN	Texas Instruments Inc Technology	Added	1,512	+103	$281,247	+20.8%	0.35%
PEP	Pepsico Inc Consumer Defensive	Added	1,572	+349	$286,575	+29.7%	0.35%
AMD	Advanced Micro Devices Inc Technology	NEW	2,993	NEW	$293,343	NEW	0.36%
ED	Consolidated Edison Inc Utilities	Added	3,136	+91	$300,021	+3.4%	0.37%
CVX	Chevron Corp Energy	Added	1,900	+374	$310,004	+13.2%	0.38%
HD	Home Depot, Inc. Consumer Cyclical	Added	1,114	+355	$328,763	+37.1%	0.41%
GLD	Spdr Gold Trust	Added	1,798	+57	$329,429	+11.5%	0.41%
JNJ	Johnson & Johnson Healthcare	Added	2,186	+115	$338,830	−7.4%	0.42%
DIS	Walt Disney Co Communication Services	Added	3,431	+305	$343,546	+26.5%	0.42%
CSX	Csx Corp Industrials	Added	11,646	+759	$348,681	+3.4%	0.43%
MDLZ	Mondelez International, Inc. Consumer Defensive	Added	5,052	+56	$352,225	+5.8%	0.43%
SBUX	Starbucks Corp Consumer Cyclical	Added	3,515	+640	$366,016	+28.3%	0.45%
NVDA	Nvidia Corp Technology	Added	13,907	+288	$386,294	+94.1%	0.48%
MO	Altria Group, Inc. Consumer Defensive	Added	9,116	+153	$406,755	−0.7%	0.50%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	858	+50	$426,314	+15.6%	0.53%
MCD	Mcdonalds Corp Consumer Cyclical	Added	1,771	+22	$495,189	+7.4%	0.61%
GBDC	GOLUB CAPITAL BDC, Inc. Financial Services	Reduced	38,532	-1,430	$522,493	−0.6%	0.64%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	1,721	+100	$531,393	+6.1%	0.65%
CRM	Salesforce, Inc. Technology	Added	2,672	+39	$533,812	+52.9%	0.66%
TGT	Target Corp Consumer Defensive	Added	3,414	+58	$565,460	+13.1%	0.70%
JPM	Jpmorgan Chase & Co Financial Services	Added	4,912	+624	$640,082	+11.3%	0.79%
OCSL	Oaktree Specialty Lending Corp Financial Services	NEW	34,607	NEW	$649,573	NEW	0.80%
WMT	Walmart Inc. Consumer Defensive	Added	16,328	+78	$802,521	+4.5%	0.99%
PM	Philip Morris International Inc. Consumer Defensive	Added	8,575	+760	$833,918	+5.4%	1.03%
UBER	Uber Technologies, Inc Technology	Added	30,215	+5,909	$957,815	+59.3%	1.18%
FBK	FB Financial Corp Financial Services	Held	33,582	0	$1,043,728	−14.0%	1.29%
ABNB	Airbnb, Inc. Consumer Cyclical	Added	9,500	+94	$1,181,800	+47.0%	1.46%
CLX	Clorox Co /De/ Consumer Defensive	Held	7,728	0	$1,222,878	+12.8%	1.51%
V	Visa Inc. Financial Services	Added	5,520	+240	$1,244,539	+13.5%	1.53%