Q1 2026 · 13F-HR
AVALON CAPITAL MANAGEMENTholdings as filed
Filed 2026-05-15 · accession 0001172661-26-002005
$354.3M
Reported value
122
Positions
2026-03-31
Period end
The Brief · AVALON CAPITAL MANAGEMENT · Q1 2026
AI · grounded in 13F
AVALON CAPITAL MANAGEMENT established a new position in PDBC valued at $17.18M. The fund also opened new stakes in PIT for $3.56M and FDX for $3.09M. On the sell side, the fund closed its position in EWG, resulting in a $5.61M reduction. Other notable reductions include trimming shares of FXF by 97.4% and XLU by 97.7%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 02079K305 | GOOGL | ALPHABET INC | $39.2M | 11.1% | 136,348 | Common | NONE |
| 92189F106 | GDX | VANECK ETF TRUST | $23.1M | 6.53% | 251,945 | Common | NONE |
| 02079K107 | GOOG | ALPHABET INC | $18.3M | 5.15% | 63,636 | Common | NONE |
| 92189F676 | SMH | VANECK ETF TRUST | $17.9M | 5.05% | 46,684 | Common | NONE |
| 46090F100 | PDBC | INVESCO ACTVELY MNGD ETC FD | $17.2M | 4.85% | 992,122 | Common | NONE |
| 78463V107 | GLD | SPDR GOLD TR | $16.1M | 4.55% | 37,468 | Common | NONE |
| 46434G103 | IEMG | ISHARES INC | $12.0M | 3.40% | 172,730 | Common | NONE |
| 17275R102 | CSCO | CISCO SYS INC | $11.9M | 3.36% | 153,311 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $11.7M | 3.31% | 46,166 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $10.9M | 3.07% | 52,256 | Common | NONE |
| 166764100 | CVX | CHEVRON CORPORATION | $10.6M | 2.99% | 51,236 | Common | NONE |
| 37954Y871 | URA | GLOBAL X FDS | $9.3M | 2.62% | 191,810 | Common | NONE |
| 464287390 | ILF | ISHARES TR | $8.6M | 2.42% | 240,918 | Common | NONE |
| 92107P772 | EMBX | VANECK FDS | $8.2M | 2.31% | 163,593 | Common | NONE |
| 92189H805 | REMX | VANECK ETF TRUST | $7.6M | 2.14% | 86,253 | Common | NONE |
| 532457108 | LLY | ELI LILLY & CO | $7.0M | 1.97% | 7,581 | Common | NONE |
| 25434V781 | DISV | DIMENSIONAL ETF TRUST | $5.8M | 1.65% | 148,144 | Common | NONE |
| 29287L205 | PWRD | TCW ETF TRUST | $5.4M | 1.52% | 55,107 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $5.2M | 1.45% | 13,924 | Common | NONE |
| 464287234 | EEM | ISHARES TR | $4.6M | 1.31% | 81,554 | Common | NONE |
| 032108409 | DIVO | AMPLIFY ETF TR | $4.4M | 1.24% | 97,685 | Common | NONE |
| 031162100 | AMGN | AMGEN INC | $4.3M | 1.23% | 12,357 | Common | NONE |
| 464285204 | IAU | ISHARES GOLD TR | $4.0M | 1.14% | 45,690 | Common | NONE |
| 92189F643 | MOAT | VANECK ETF TRUST | $3.8M | 1.08% | 39,554 | Common | NONE |
| 92189F130 | RAAX | VANECK ETF TRUST | $3.7M | 1.04% | 90,342 | Common | NONE |
| 92189H771 | PIT | VANECK ETF TRUST | $3.6M | 1.01% | 49,242 | Common | NONE |
| 46428Q109 | SLV | ISHARES SILVER TR | $3.5M | 0.98% | 50,994 | Common | NONE |
| 31428X106 | FDX | FEDEX CORP | $3.1M | 0.87% | 8,662 | Common | NONE |
| 37954Y236 | DTCR | GLOBAL X FDS | $2.9M | 0.81% | 119,702 | Common | NONE |
| 922908744 | VTV | VANGUARD INDEX FDS | $2.6M | 0.74% | 13,298 | Common | NONE |
| 38149W622 | GPIX | GOLDMAN SACHS ETF TR | $2.6M | 0.73% | 51,921 | Common | NONE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $2.6M | 0.73% | 12,730 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $2.5M | 0.70% | 14,130 | Common | NONE |
| 84858T772 | EUAD | SPINNAKER ETF SERIES | $2.3M | 0.65% | 56,937 | Common | NONE |
| 78464A755 | XME | SPDR SERIES TRUST | $2.3M | 0.64% | 20,987 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $2.2M | 0.63% | 4,649 | Common | NONE |
| 36828A101 | GEV | GE VERNOVA INC | $2.2M | 0.62% | 2,528 | Common | NONE |
| 464289883 | AOK | ISHARES TR | $2.1M | 0.58% | 51,432 | Common | NONE |
| 464286582 | SCJ | ISHARES INC | $2.0M | 0.57% | 20,622 | Common | NONE |
| 56167R606 | LCR | MANAGED PORTFOLIO SERIES | $1.8M | 0.51% | 48,205 | Common | NONE |
| 97717X669 | DGRW | WISDOMTREE TR | $1.6M | 0.46% | 18,668 | Common | NONE |
| 464288281 | EMB | ISHARES TR | $1.4M | 0.40% | 15,273 | Common | NONE |
| 46090E103 | QQQ | INVESCO QQQ TR | $1.4M | 0.39% | 2,384 | Common | NONE |
| 92826C839 | V | VISA INC | $1.3M | 0.37% | 4,337 | Common | NONE |
| 136385101 | CNQ | CANADIAN NAT RES LTD MED TER | $1.3M | 0.37% | 26,548 | Common | NONE |
| 381430230 | GSST | GOLDMAN SACHS ETF TR | $1.3M | 0.36% | 24,895 | Common | NONE |
| 22160K105 | COST | COSTCO WHOLESALE CORPORATION | $1.3M | 0.35% | 1,257 | Common | NONE |
| 46432F339 | QUAL | ISHARES TR | $1.3M | 0.35% | 6,526 | Common | NONE |
| 29273V100 | ET | ENERGY TRANSFER L P | $1.2M | 0.33% | 60,000 | Common | NONE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $1.1M | 0.31% | 3,237 | Common | NONE |
| 78462F103 | SPY | STATE STR SPDR S&P 500 ETF T | $1.1M | 0.31% | 1,679 | Common | NONE |
| 37954Y848 | SIL | GLOBAL X FDS | $1.0M | 0.28% | 11,192 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $999,612 | 0.28% | 6,795 | Common | NONE |
| 808524797 | SCHD | SCHWAB STRATEGIC TR | $952,614 | 0.27% | 31,050 | Common | NONE |
| 040413205 | ANET | ARISTA NETWORKS INC | $948,967 | 0.27% | 7,729 | Common | NONE |
| 78464A631 | XAR | SPDR SERIES TRUST | $945,060 | 0.27% | 3,721 | Common | NONE |
| 37960A198 | KROP | GLOBAL X FDS | $880,502 | 0.25% | 25,454 | Common | NONE |
| 90384S303 | ULTA | ULTA BEAUTY INC | $880,244 | 0.25% | 1,684 | Common | NONE |
| 464288679 | SHV | ISHARES TR | $812,802 | 0.23% | 7,363 | Common | NONE |
| 30231G102 | XOM | EXXON MOBIL CORP | $747,861 | 0.21% | 4,408 | Common | NONE |
| 422704106 | HL | HECLA MINING COMPANY | $711,703 | 0.20% | 38,202 | Common | NONE |
| 92189K105 | HODL | VANECK BITCOIN ETF | $703,210 | 0.20% | 36,702 | Common | NONE |
| 422806109 | HEI | HEICO CORP NEW | $671,894 | 0.19% | 2,450 | Common | NONE |
| 81369Y704 | XLI | SELECT SECTOR SPDR TR | $666,489 | 0.19% | 4,121 | Common | NONE |
| 55336V100 | MPLX | MPLX LP | $664,009 | 0.19% | 11,635 | Common | NONE |
| 464286327 | SLVP | ISHARES INC | $659,308 | 0.19% | 18,593 | Common | NONE |
| 64110L106 | NFLX | NETFLIX INC. | $605,745 | 0.17% | 6,300 | Common | NONE |
| 381430529 | GBIL | GOLDMAN SACHS ETF TR | $604,246 | 0.17% | 6,031 | Common | NONE |
| 81369Y803 | XLK | SELECT SECTOR SPDR TR | $569,875 | 0.16% | 4,288 | Common | NONE |
| 922040845 | VBIL | VANGUARD INSTL INDEX FD | $566,619 | 0.16% | 7,490 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $559,543 | 0.16% | 978 | Common | NONE |
| 464286822 | EWW | ISHARES INC | $520,592 | 0.15% | 6,920 | Common | NONE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $502,950 | 0.14% | 15,000 | Common | NONE |
| 962879102 | WPM | WHEATON PRECIOUS METALS CORP | $497,969 | 0.14% | 3,801 | Common | NONE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $496,621 | 0.14% | 3,395 | Common | NONE |
| 808513105 | SCHW | SCHWAB CHARLES CORP | $480,279 | 0.14% | 5,110 | Common | NONE |
| 92204A306 | VDE | VANGUARD WORLD FD | $470,323 | 0.13% | 2,718 | Common | NONE |
| 063671101 | BMO | BANK MONTREAL MEDIUM | $463,540 | 0.13% | 3,425 | Common | NONE |
| 922908363 | VOO | VANGUARD INDEX FDS | $442,496 | 0.12% | 741 | Common | NONE |
| 23918K108 | DVA | DAVITA INC | $431,562 | 0.12% | 2,808 | Common | NONE |
| 780287108 | RGLD | ROYAL GOLD INC | $431,106 | 0.12% | 1,694 | Common | NONE |
| 92204A702 | VGT | VANGUARD WORLD FD | $425,609 | 0.12% | 610 | Common | NONE |
| 055622104 | BP | BP PLC | $406,926 | 0.11% | 8,658 | Common | NONE |
| 369604301 | GE | GE AEROSPACE | $387,346 | 0.11% | 1,365 | Common | NONE |
| 512807306 | LRCX | LAM RESEARCH CORP | $383,306 | 0.11% | 1,794 | Common | NONE |
| 697900108 | PAAS | PAN AMERN SILVER CORP | $382,410 | 0.11% | 7,000 | Common | NONE |
| 92206C714 | VONV | VANGUARD SCOTTSDALE FDS | $354,431 | 0.10% | 3,781 | Common | NONE |
| 46429B671 | MCHI | ISHARES TR | $351,462 | 0.10% | 6,256 | Common | NONE |
| 136375102 | CNI | CANADIAN NATL RY CO | $350,857 | 0.10% | 3,414 | Common | NONE |
| 35671D857 | FCX | FREEPORT MCMORAN INC | $328,580 | 0.09% | 5,590 | Common | NONE |
| 893641100 | TDG | TRANSDIGM GROUP INC | $324,509 | 0.09% | 280 | Common | NONE |
| 009158106 | APD | AIR PRODUCTS AND CHEMICALS I | $321,118 | 0.09% | 1,105 | Common | NONE |
| 11135F101 | AVGO | BROADCOM INC | $313,843 | 0.09% | 1,014 | Common | NONE |
| 882508104 | TXN | TEXAS INSTRS INC | $313,536 | 0.09% | 1,615 | Common | NONE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $312,448 | 0.09% | 3,364 | Common | NONE |
| 45782C276 | NJUL | INNOVATOR ETFS TRUST | $306,655 | 0.09% | 4,294 | Common | NONE |
| 235851102 | DHR | DANAHER CORP DEL | $304,498 | 0.09% | 1,606 | Common | NONE |
| 921946406 | VYM | VANGUARD WHITEHALL FDS | $299,990 | 0.08% | 2,026 | Common | NONE |
| 78467X109 | DIA | STATE STR SPDR DOW JONES IND | $283,009 | 0.08% | 611 | Common | NONE |
| 674599105 | OXY | OCCIDENTAL PETE CORP | $274,495 | 0.08% | 4,223 | Common | NONE |
| 78409V104 | SPGI | S&P GLOBAL INC | $269,240 | 0.08% | 633 | Common | NONE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $262,773 | 0.07% | 1,075 | Common | NONE |
| 74834L100 | DGX | QUEST DIAGNOSTICS INC | $254,382 | 0.07% | 1,298 | Common | NONE |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $250,849 | 0.07% | 5,081 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO | $248,565 | 0.07% | 845 | Common | NONE |
| 922042858 | VWO | VANGUARD INTL EQUITY INDEX F | $247,927 | 0.07% | 4,587 | Common | NONE |
| 63900P608 | NRP | NATURAL RESOURCE PARTNERS LP | $242,000 | 0.07% | 2,000 | Common | NONE |
| 05605H100 | BWXT | BWX TECHNOLOGIES INC | $239,662 | 0.07% | 1,172 | Common | NONE |
| 46138R108 | FXF | INVESCO CURRENCYSHARES SWISS | $239,148 | 0.07% | 2,166 | Common | NONE |
| 92189F601 | NLR | VANECK ETF TRUST | $226,423 | 0.06% | 1,700 | Common | NONE |
| 464287374 | IGE | ISHARES TR | $217,961 | 0.06% | 3,463 | Common | NONE |
| G29183103 | ETN | EATON CORP PLC | $217,463 | 0.06% | 608 | Common | NONE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $216,274 | 0.06% | 927 | Common | NONE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $215,490 | 0.06% | 1,002 | Common | NONE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $214,354 | 0.06% | 429 | Common | NONE |
| 87256C101 | TKO | TKO GROUP HOLDINGS INC | $212,337 | 0.06% | 1,053 | Common | NONE |
| 233051879 | ASHR | DBX ETF TR | $212,160 | 0.06% | 6,500 | Common | NONE |
| 011532108 | AGI | ALAMOS GOLD INC | $210,509 | 0.06% | 4,738 | Common | NONE |
| 81369Y407 | XLY | SELECT SECTOR SPDR TR | $209,895 | 0.06% | 1,926 | Common | NONE |
| 742718109 | PG | PROCTER & GAMBLE CO | $203,940 | 0.06% | 1,412 | Common | NONE |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $202,696 | 0.06% | 4,417 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $87,200 | 0.02% | 500 | CALL | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.