Orion Capital Management LLC

Registered adviser

CIK

1846758

Location

CORONADO, CA

Portfolio Value

Small $321,923,112

Diversification

Diversified

Filing Date

Global Rank

#5,041 / 8,827 ▼ 98

Top Industry

Semiconductors 12.3%

Period ended 4 months ago

Filed Aug 18, 2026 · 3mo

23 quarters · since Dec 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 119428

Roster of Nov 1, 2026

Regulatory AUM

$370,918,114

Main clients

Individuals and high net worth (94% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$370,918,114	Individuals and high net worth (94%)
Apr 2025 to Mar 2026	$256,676,559	Individuals and high net worth (90%)
Apr 2024 to Mar 2025	$218,468,828	Individuals and high net worth (88%)
May 2023 to Mar 2024	$189,095,508	Individuals and high net worth (87%)
Apr 2023	$189,095,508	Individuals and high net worth (87%)
Apr 2022 to Mar 2023	$192,748,067	Individuals and high net worth (81%)

2 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 61.9% of the book (60%+)

Turnover

Low turnover

13.3% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 16.8 quarters (12+)

Closest benchmark: every 13F filer's combined book, active share 65.6%; sector active share 52.6% against the combined 13F book's sector weights.

Over time 23 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

503 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

18.4%

−4.5 pts

Top 5

48.0%

−3.0 pts

Top 10

61.9%

−3.1 pts

HHI

701

Diversified−139

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	65.5%	$210,799,996	220
Technology	13.1%	$42,077,548	56
Healthcare	4.4%	$14,094,253	30
Financial Services	4.2%	$13,368,082	37
Communication Services	4.1%	$13,056,875	18
Consumer Cyclical	3.9%	$12,614,202	33
Industrials	3.2%	$10,418,137	52
Consumer Defensive	1.1%	$3,594,424	12
Basic Materials	0.2%	$643,067	14
Energy	0.2%	$617,007	8
Utilities	0.1%	$380,250	13
Real Estate	0.1%	$259,271	10

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
JPST	JPMorgan Ultra-Short Income ETF	+131,799	138,036	$6,980,480
JAAA	Janus Henderson AAA CLO ETF	+52,344	520,220	$26,265,907
AVDE	Avantis International Equity ETF	+21,728	104,491	$9,320,597
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	+18,849	27,856	$2,447,985
AVUS	Avantis U.S. Equity ETF	+5,876	138,104	$17,688,360
AVIG	Avantis Core Fixed Income ETF	+5,365	35,372	$1,464,754
AVEM	Avantis Emerging Markets Equity ETF	+5,040	17,699	$1,707,776
AVUQ	Avantis U.S. Quality ETF	+4,920	4,940	$326,040
AVLV	Avantis U.S. Large Cap Value ETF	+4,425	43,377	$3,956,416
AVDV	Avantis International Small Cap Value ETF	+3,931	29,243	$3,013,491
SPSB	State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF	+3,931	40,991	$1,230,139
BKNG	Booking Holdings Inc.	+3,824	3,920	$698,700
IWF	iShares Russell 1000 Growth ETF	+3,028	4,040	$501,646
AVUV	Avantis U.S. Small Cap Value ETF	+3,010	51,585	$6,435,744
IAUM	iShares Gold Trust Micro	+2,364	5,887	$235,538
NU	Nu Holdings Ltd.	+2,300	25,200	$336,672
IBHJ	iShares iBonds 2030 Term High Yield and Income ETF	+2,000	5,000	$132,325
VO	VANGUARD MID-CAP INDEX FUND	+1,855	2,474	$199,330
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	+1,559	2,089	$183,643
IBHG	iShares iBonds 2027 Term High Yield and Income ETF	+1,067	15,067	$332,679
GM	General Motors Co	+1,000	1,081	$83,323
OUST	Ouster, Inc.	+1,000	1,511	$94,467
KLAC	Kla Corp	+963	1,074	$324,036
INTC	Intel Corp	+889	1,772	$247,424
NVDA	Nvidia Corp	+850	22,346	$4,471,211
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SGOV	iShares 0-3 Month Treasury Bond ETF	−103,398	249,387	$25,105,789
PLTR	Palantir Technologies Inc.	−20,060	1,144	$133,470
SCHD	Schwab U.S. Dividend Equity ETF	−16,499	96,008	$3,044,413
USB	US Bancorp De	−6,100	5,000	$302,000
—		−5,588	172,714	$10,345,568
O	Realty Income Corp	−2,900	500	$30,980
FOUR	Shift4 Payments, Inc.	−2,150	5,935	$288,678
S	SentinelOne, Inc.	−2,000	1,500	$25,455
VIG	Vanguard Specialized Funds	−1,791	36,457	$8,626,455
JOBY	Joby Aviation, Inc.	−1,686	282	$2,515
TTD	Trade Desk, Inc.	−1,500	17,465	$315,767
IVV	iShares Core S&P 500 ETF	−1,140	35,555	$26,626,783
BE	Bloom Energy Corp	−1,079	9,606	$2,907,736
TMUS	T-Mobile US, Inc.	−1,000	1,910	$320,364
IJH	iShares Core S&P Mid-Cap ETF	−1,000	25,780	$1,987,895
CRMD	CorMedix Inc.	−1,000	3,000	$23,550
BAC	Bank Of America Corp	−1,000	18,136	$1,033,389
POCT		−761	26,604	$1,234,691
QCOM	Qualcomm Inc	−736	9,884	$1,826,464
DFAC	Dimensional U.S. Core Equity 2 ETF	−731	94,423	$4,188,604
ALNY	Alnylam Pharmaceuticals, Inc.	−700	2,155	$648,719
JBBB	Janus Henderson B-BBB CLO ETF	−699	4,693	$222,213
VZ	Verizon Communications Inc	−597	1,414	$59,868
AMZN	Amazon Com Inc	−577	26,553	$6,328,642
HON	Honeywell International Inc	−533	533	$119,338
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
ICSH	iShares Ultra Short Duration Bond Active ETF	33,167	$1,677,586
MU	Micron Technology Inc	1,125	$1,298,576
BBUS	JPMORGAN BETABUILDERS U.S. EQUITY ETF	1,075	$144,824
HONA	Honeywell Aerospace Inc.	533	$117,835
IGV	iShares Expanded Tech-Software Sector ETF	1,060	$96,036
BDYN		3,081	$85,466
AIS	VistaShares Artificial Intelligence Supercycle ETF	1,000	$85,310
SPCX	Space Exploration Technologies Corp	407	$69,540
FTXL	First Trust Nasdaq Semiconductor ETF	200	$56,990
PSI	Victory Portfolios II	300	$56,346
SMH	VanEck Semiconductor ETF	83	$54,438
NAVN	Navan, Inc.	2,377	$54,361
JIRE	JPMorgan International Research Enhanced Equity ETF	654	$53,948
SCHG	Schwab U.S. Large-Cap Growth ETF	1,406	$47,579
FDX	Fedex Corp	150	$46,969
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	893	$38,524
VOOG	VANGUARD S&P 500 GROWTH INDEX FUND	406	$33,543
AMAT	Applied Materials Inc	45	$32,535
CSTM	Constellium SE	1,000	$31,870
CRDO	Credo Technology Group Holding Ltd	100	$27,195
FTGS	First Trust Growth Strength ETF	722	$26,715
ENLT	Enlight Renewable Energy Ltd.	290	$25,815
CVE	Cenovus Energy Inc.	1,020	$25,306
JGLO	JPMorgan Global Select Equity ETF	354	$25,211
BUFF		478	$25,181
No positions match the current search.

Sold Out

Positions the filer fully exited

22 positions

Ticker	Company	Shares	Value
WPC	W. P. Carey Inc.	1,900	$129,124
AON	Aon plc	176	$56,809
BRO	Brown & Brown, Inc.	807	$52,624
EMN	Eastman Chemical Co	474	$36,175
D	Dominion Energy, Inc	500	$30,910
—		400	$25,976
CDW	CDW Corp	173	$20,936
APA	APA Corp	169	$7,172
SMCI	Super Micro Computer, Inc.	312	$7,104
ELF	e.l.f. Beauty, Inc.	100	$6,061
MIDD	MIDDLEBY Corp	30	$3,977
XTL	State Street(R) SPDR(R) S&P(R) Telecom ETF	10	$1,880
FG	F&G Annuities & Life, Inc.	73	$1,848
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	20	$1,472
—		41	$1,441
XME	State Street(R) SPDR(R) S&P(R) Metals & Mining ETF	13	$1,404
GEHC	GE HealthCare Technologies Inc.	4	$284
WAB	Westinghouse Air Brake Technologies Corp	1	$249
NAIL	Direxion Daily Homebuilders & Supplies Bull 3X Shares	5	$189
TISI	Team Inc	10	$159
FTEK	Fuel Tech, Inc.	100	$122
RBLX	Roblox Corp	1	$56
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

503 tracked positions · $321,923,112 total · filing declares 516 positions · $323,482,615 · as of Jun 30, 2026

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

Showing 1–50 of 503 positions by value · page 1 of 11

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
IVV	iShares Core S&P 500 ETF	Reduced	35,555	-1,140	$26,626,783	+11.1%	23	before history	8.27%
JAAA	Janus Henderson AAA CLO ETF	Added	520,220	+52,344	$26,265,907	+11.5%	7	$50.67	8.16%
SGOV	iShares 0-3 Month Treasury Bond ETF	Reduced	249,387	-103,398	$25,105,789	−29.3%	14	unpriced	7.80%
AVUS	Avantis U.S. Equity ETF	Added	138,104	+5,876	$17,688,360	+20.3%	14	$83.63	5.49%
AAPL	Apple Inc. Technology	Reduced	44,626	-310	$12,912,979	+13.2%	23	before history	4.01%
		Reduced	172,714	-5,588	$10,345,568	+0.2%	23	before history	3.21%
AVDE	Avantis International Equity ETF	Added	104,491	+21,728	$9,320,597	+32.7%	13	$74.84	2.90%
VIG	Vanguard Specialized Funds	Reduced	36,457	-1,791	$8,626,455	+4.9%	23	before history	2.68%
GOOG	Alphabet Inc. Communication Services	Reduced	22,133	-104	$7,820,252	+22.6%	23	before history	2.43%
JPST	JPMorgan Ultra-Short Income ETF	Added	138,036	+131,799	$6,980,480	+2111.4%	23	before history	2.17%
AVUV	Avantis U.S. Small Cap Value ETF	Added	51,585	+3,010	$6,435,744	+19.9%	15	$87.85	2.00%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	26,553	-577	$6,328,642	+12.0%	23	before history	1.97%
RSP	Victory Portfolios II	Added	29,090	+119	$6,189,479	+11.3%	23	before history	1.92%
NVDA	Nvidia Corp Technology	Added	22,346	+850	$4,471,211	+19.3%	23	before history	1.39%
DFAC	Dimensional U.S. Core Equity 2 ETF	Reduced	94,423	-731	$4,188,604	+13.3%	18	$28.01	1.30%
MSFT	Microsoft Corp Technology	Reduced	10,682	-201	$3,984,599	−1.1%	23	before history	1.24%
AVLV	Avantis U.S. Large Cap Value ETF	Added	43,377	+4,425	$3,956,416	+26.0%	13	$64.52	1.23%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Reduced	23,780	-312	$3,757,953	+5.3%	23	before history	1.17%
ISRG	Intuitive Surgical Inc Healthcare	Reduced	9,071	-33	$3,607,355	−14.0%	23	before history	1.12%
AMD	Advanced Micro Devices Inc Technology	Added	5,726	+10	$3,326,290	+186.1%	23	before history	1.03%
GOOGL	Alphabet Inc. Communication Services	Reduced	8,619	-120	$3,080,172	+22.6%	23	before history	0.96%
SCHD	Schwab U.S. Dividend Equity ETF	Reduced	96,008	-16,499	$3,044,413	−11.8%	16	unpriced	0.95%
AVDV	Avantis International Small Cap Value ETF	Added	29,243	+3,931	$3,013,491	+19.2%	13	$75.52	0.94%
BE	Bloom Energy Corp Industrials	Reduced	9,606	-1,079	$2,907,736	+100.9%	23	before history	0.90%
JPM	Jpmorgan Chase & Co Financial Services	Held	8,024	0	$2,626,495	+11.3%	23	before history	0.82%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	26,646	-200	$2,453,830	−1.0%	23	before history	0.76%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Added	27,856	+18,849	$2,447,985	+255.1%	12	$80.81	0.76%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	2,336	-11	$2,185,257	−6.6%	23	before history	0.68%
FTNT	Fortinet, Inc. Technology	Reduced	13,705	-20	$2,105,362	+87.7%	23	before history	0.65%
ABBV	AbbVie Inc. Healthcare	Added	8,139	+10	$2,048,097	+15.8%	23	before history	0.64%
IJH	iShares Core S&P Mid-Cap ETF	Reduced	25,780	-1,000	$1,987,895	+9.9%	23	before history	0.62%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Added	20,524	+679	$1,979,129	+12.4%	23	before history	0.61%
ETN	Eaton Corp plc Industrials	Held	4,524	0	$1,927,766	+19.1%	17	$234.23	0.60%
QCOM	Qualcomm Inc Technology	Reduced	9,884	-736	$1,826,464	+33.5%	23	before history	0.57%
PJAN		Reduced	36,898	-31	$1,826,082	+7.2%	23	before history	0.57%
AVEM	Avantis Emerging Markets Equity ETF	Added	17,699	+5,040	$1,707,776	+67.4%	13	$70.49	0.53%
ICSH	iShares Ultra Short Duration Bond Active ETF	NEW	33,167	NEW	$1,677,586	NEW	1	$50.53	0.52%
LLY	ELI LILLY & Co Healthcare	Reduced	1,396	-5	$1,674,404	+29.9%	19	$389.04	0.52%
PAUG		Held	34,915	0	$1,593,520	+6.8%	20	$28.81	0.50%
XBAP		Added	36,891	+66	$1,547,429	+7.4%	18	$28.55	0.48%
MS	Morgan Stanley Financial Services	Reduced	7,350	-310	$1,536,444	+21.9%	19	$85.95	0.48%
AVIG	Avantis Core Fixed Income ETF	Added	35,372	+5,365	$1,464,754	+17.5%	5	$41.87	0.46%
VEEV	Veeva Systems Inc Healthcare	Reduced	7,910	-200	$1,403,787	−1.5%	23	before history	0.44%
MRVL	Marvell Technology, Inc. Technology	Added	4,604	+204	$1,371,485	+214.7%	4	$79.52	0.43%
DELL	Dell Technologies Inc. Technology	Reduced	3,079	-70	$1,328,465	+157.0%	7	$121.86	0.41%
MU	Micron Technology Inc Technology	NEW	1,125	NEW	$1,298,576	NEW	1	$749.89	0.40%
JNJ	Johnson & Johnson Healthcare	Held	5,098	0	$1,294,739	+3.9%	23	before history	0.40%
POCT		Reduced	26,604	-761	$1,234,691	+4.7%	16	$31.81	0.38%
SPSB	State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF	Added	40,991	+3,931	$1,230,139	+10.4%	23	before history	0.38%
FSLR	First Solar, Inc. Technology	Held	5,170	0	$1,219,913	+19.6%	11	$161.57	0.38%

Showing the top 50 of 503 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.