Karl Kapital LLC

CIK

2058849

Location

SAN FRANCISCO, CA

Portfolio Value

Small $144,354,471

Diversification

Diversified

Filing Date

Global Rank

#4,576 / 8,232 ▲ 840

Top Industry

Credit Services 29.2%

3Y Alpha vs SPY

+2.2%

Period ended 2 months ago

Filed May 15, 2026 · 30d

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jun 2026 · vs SPY

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

Cloned portfolio

+9.7%

SPY

+9.1%

Annualised alpha

+2.2%

Max drawdown

−8.3%

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

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

Top Position

10.8%

−2.2 pts

Top 5

38.9%

−6.4 pts

Top 10

61.7%

−11.2 pts

HHI

548

Diversified−150

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	89.5%	$129,255,371	20
Technology	8.1%	$11,693,311	1
Real Estate	2.4%	$3,405,789	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
UWMC	UWM Holdings Corp	+1,611,273	2,012,105	$7,283,820
FLYW	Flywire Corp	+273,489	1,004,580	$11,693,311
SEIC	Sei Investments Co	+29,068	72,140	$5,660,825
COF	Capital One Financial Corp	+28,520	55,548	$10,133,621
SKWD	Skyward Specialty Insurance Group, Inc.	+22,537	252,415	$11,025,487
UMBF	Umb Financial Corp	+10,586	62,314	$7,028,396
SPGI	S&P Global Inc.	+9,431	18,005	$7,658,246
V	Visa Inc.	+926	17,286	$5,224,520
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
ECPG	Encore Capital Group Inc	−45,206	222,611	$15,609,483
RPC	Ridgepost Capital, Inc.	−12,364	651,082	$4,726,855
PGR	Progressive Corp/Oh/	−5,757	24,451	$4,847,166
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
FUTU	Futu Holdings Ltd	47,947	$6,557,231
AFRM	Affirm Holdings, Inc.	140,290	$6,428,087
LPLA	LPL Financial Holdings Inc.	17,994	$5,413,135
ICE	Intercontinental Exchange, Inc.	31,523	$4,957,937
VLY	Valley National Bancorp	403,720	$4,957,681
RKT	Rocket Companies, Inc.	344,556	$4,909,923
AAMI	Acadian Asset Management Inc.	90,048	$4,900,412
ENVA	Enova International, Inc.	34,641	$4,705,287
BGC	BGC Group, Inc.	383,974	$3,755,265
UBS	UBS Group AG	88,866	$3,471,994
CCS	Century Communities, Inc.	59,355	$3,405,789
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
WD	Walker & Dunlop, Inc.	116,617	$7,014,512
TWO	Two Harbors Investment Corp.	579,667	$6,086,503
INVH	Invitation Homes Inc.	191,373	$5,318,255
WLTH	Wealthfront Corp	382,414	$5,197,006
AMG	Affiliated Managers Group, Inc.	14,898	$4,294,795
EFX	Equifax Inc	16,042	$3,480,793
SF	Stifel Financial Corp	26,529	$2,214,640
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

22 positions · $144,354,471 total · as of Mar 31, 2026

All sectors Financial Services Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ECPG	Encore Capital Group Inc Financial Services	Reduced	222,611	-45,206	$15,609,483	+7.2%	10.81%
FLYW	Flywire Corp Technology	Added	1,004,580	+273,489	$11,693,311	+13.0%	8.10%
SKWD	Skyward Specialty Insurance Group, Inc. Financial Services	Added	252,415	+22,537	$11,025,487	−6.2%	7.64%
COF	Capital One Financial Corp Financial Services	Added	55,548	+28,520	$10,133,621	+54.7%	7.02%
SPGI	S&P Global Inc. Financial Services	Added	18,005	+9,431	$7,658,246	+70.9%	5.31%
UWMC	UWM Holdings Corp Financial Services	Added	2,012,105	+1,611,273	$7,283,820	+314.9%	5.05%
UMBF	Umb Financial Corp Financial Services	Added	62,314	+10,586	$7,028,396	+18.1%	4.87%
FUTU	Futu Holdings Ltd Financial Services	NEW	47,947	NEW	$6,557,231	NEW	4.54%
AFRM	Affirm Holdings, Inc. Financial Services	NEW	140,290	NEW	$6,428,087	NEW	4.45%
SEIC	Sei Investments Co Financial Services	Added	72,140	+29,068	$5,660,825	+60.2%	3.92%
LPLA	LPL Financial Holdings Inc. Financial Services	NEW	17,994	NEW	$5,413,135	NEW	3.75%
V	Visa Inc. Financial Services	Added	17,286	+926	$5,224,520	−8.9%	3.62%
ICE	Intercontinental Exchange, Inc. Financial Services	NEW	31,523	NEW	$4,957,937	NEW	3.43%
VLY	Valley National Bancorp Financial Services	NEW	403,720	NEW	$4,957,681	NEW	3.43%
RKT	Rocket Companies, Inc. Financial Services	NEW	344,556	NEW	$4,909,923	NEW	3.40%
AAMI	Acadian Asset Management Inc. Financial Services	NEW	90,048	NEW	$4,900,412	NEW	3.39%
PGR	Progressive Corp/Oh/ Financial Services	Reduced	24,451	-5,757	$4,847,166	−29.5%	3.36%
RPC	Ridgepost Capital, Inc. Financial Services	Reduced	651,082	-12,364	$4,726,855	−27.4%	3.27%
ENVA	Enova International, Inc. Financial Services	NEW	34,641	NEW	$4,705,287	NEW	3.26%
BGC	BGC Group, Inc. Financial Services	NEW	383,974	NEW	$3,755,265	NEW	2.60%
UBS	UBS Group AG Financial Services	NEW	88,866	NEW	$3,471,994	NEW	2.41%
CCS	Century Communities, Inc. Real Estate	NEW	59,355	NEW	$3,405,789	NEW	2.36%