1y return+89.0%S&P 500 +20.9%
3y return+182.3%S&P 500 +68.5%
5y return+153.2%S&P 500 +74.5%
10y return+160.3%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $260 against $357 in the S&P 500.2
Alethea Capital Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AXSMAxsome Therapeutics Inc. | $158.8M | 65.8% | |
| BILSpdr Series Trust | $29.7M | 12.3% | −49.3% |
| KURAKura Oncology Inc | $23.8M | 9.9% | +41.8% |
| IMRXImmuneering Corp | $2.4M | 1.0% | +1962.1% |
| TLTIshares Tr | $1.8M | 0.8% | −6.8% |
| TEMTempus Ai Inc | $1.8M | 0.8% | |
| VTRSViatris Inc | $1.2M | 0.5% | New |
| PMPhilip Morris Intl Inc | $1.2M | 0.5% | New |
| ADPAutomatic Data Processing In | $1.2M | 0.5% | New |
| WMBWilliams Cos Inc | $1.1M | 0.5% | New |
| DRIDarden Restaurants Inc | $1.1M | 0.5% | New |
| BMYBristol-myers Squibb Co | $1.1M | 0.5% | New |
| EDConsolidated Edison Inc | $1.1M | 0.4% | New |
| CVXChevron Corporation | $971K | 0.4% | New |
| CMCSAComcast Corp New | $940K | 0.4% | New |
| ESEversource Energy | $933K | 0.4% | New |
| WYWeyerhaeuser Co | $912K | 0.4% | New |
| LMTLockheed Martin Corp | $906K | 0.4% | New |
| TAt&t Inc | $893K | 0.4% | New |
| STZConstellation Brands Inc | $847K | 0.4% | New |
| BRBroadridge Finl Solutions In | $840K | 0.3% | New |
| PNCPnc Finl Svcs Group Inc | $801K | 0.3% | New |
| HRLHormel Foods Corp | $703K | 0.3% | New |
| Exxon Mobil CorpCUSIP 30231G102 | $602K | 0.2% | New |
| RNAAtrium Therapeutics Inc | $589K | 0.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AXSMAxsome Therapeutics Inc. | June 30, 2020 | +197.5% | $158.8M |
| HEDJWisdomtree Tr | June 30, 2020 | +87.8% | $408K |
| IMRXImmuneering Corp | June 30, 2025 | +48.1% | $2.4M |
| GPKGraphic Packaging Hldg Co | March 31, 2026 | +6.3% | $173K |
| WFCWells Fargo & Co | March 31, 2026 | +3.8% | $498K |
| RNAAtrium Therapeutics Inc | March 31, 2026 | +0.6% | $589K |
| BILSpdr Series Trust | March 31, 2024 | −0.2% | $29.7M |
| TEMTempus Ai Inc | December 31, 2025 | −1.9% | $1.8M |
| KURAKura Oncology Inc | December 31, 2021 | −21.6% | $23.8M |
| TLTIshares Tr | December 31, 2021 | −41.7% | $1.8M |
Sold off last quarter
- SPYState Str Spdr S&p 500 Etf T was $124K
- Taseko Mines LtdCUSIP 876511106 was $64K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +29.0% | +14.8% |
| March 31, 2026 | −7.6% | −4.6% |
| December 31, 2025 | +36.3% | +2.4% |
| September 30, 2025 | +16.4% | +7.8% |
| June 30, 2025 | −6.0% | +10.5% |
| March 31, 2025 | +19.5% | −4.6% |
| December 31, 2024 | −12.3% | +2.1% |
| September 30, 2024 | +8.0% | +5.4% |
| June 30, 2024 | +9.8% | +4.0% |
| March 31, 2024 | +20.3% | +10.0% |
| December 31, 2023 | +15.5% | +11.2% |
| September 30, 2023 | −8.1% | −3.6% |
| June 30, 2023 | +4.6% | +8.3% |
| March 31, 2023 | −15.6% | +7.0% |
| December 31, 2022 | +40.5% | +7.1% |
| September 30, 2022 | +3.2% | −5.3% |
| June 30, 2022 | −10.3% | −16.5% |
| March 31, 2022 | −3.5% | −4.9% |
| December 31, 2021 | +5.2% | +10.7% |
| September 30, 2021 | −23.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Alethea Capital Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1549408&type=13F-HR&dateb=&owner=include&count=40CIK 1549408
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1549408/000154940826000003/Filed August 14, 2026 · accession 0001549408-26-000003