1y return+25.5%S&P 500 +20.9%
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 March 31, 2024: $155 against $143 in the S&P 500.2
Connective 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 |
|---|---|---|---|
| QQQInvesco Qqq Tr | $35.8M | 25.2% | +35.9% |
| QLDProshares Tr | $10.2M | 7.2% | |
| ISRGIntuitive Surgical Inc | $9.3M | 6.6% | |
| AMDAdvanced Micro Devices Inc | $7.1M | 5.0% | +907.4% |
| TSMTaiwan Semiconductor Manufac | $6.3M | 4.4% | New |
| DASHDoordash Inc | $5.8M | 4.1% | +5.0% |
| NVDANvidia Corporation | $5.8M | 4.1% | +1731.2% |
| AVGOBroadcom Inc | $5.7M | 4.0% | +1569.1% |
| AAPLApple Inc | $5.6M | 4.0% | |
| COSTCostco Wholesale Corporation | $5.6M | 3.9% | +1790.1% |
| MSFTMicrosoft Corp | $5.4M | 3.8% | |
| IWOIshares Tr | $5.3M | 3.7% | |
| QCOMQualcomm Inc | $5.2M | 3.6% | −20.2% |
| MRVLMarvell Technology Inc | $3.7M | 2.6% | New |
| GOOGLAlphabet Inc | $2.4M | 1.7% | |
| CCJCameco Corp | $1.9M | 1.3% | |
| AMZNAmazon Com Inc | $1.8M | 1.3% | +23.2% |
| METAMeta Platforms Inc | $1.8M | 1.2% | +62.8% |
| MELIMercadolibre Inc | $1.4M | 1.0% | −33.5% |
| UMACUnusual Machs Inc | $1.3M | 0.9% | −46.1% |
| XBISpdr Series Trust | $1.1M | 0.8% | −71.0% |
| MUMicron Technology Inc | $788K | 0.6% | |
| DOMHDominari Holdings Inc | $764K | 0.5% | +112.9% |
| GLDSpdr Gold Tr | $672K | 0.5% | +20.2% |
| SNPSSynopsys Inc | $617K | 0.4% |
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 |
|---|---|---|---|
| QLDProshares Tr | June 30, 2023 | +200.6% | $10.2M |
| AMDAdvanced Micro Devices Inc | March 31, 2026 | +185.6% | $7.1M |
| UMACUnusual Machs Inc | June 30, 2025 | +160.2% | $1.3M |
| CCJCameco Corp | December 31, 2023 | +136.3% | $1.9M |
| AMZNAmazon Com Inc | March 31, 2023 | +130.7% | $1.8M |
| AAPLApple Inc | December 31, 2022 | +122.7% | $5.6M |
| LRCXLam Research Corp | March 31, 2026 | +102.8% | $544K |
| MELIMercadolibre Inc | December 31, 2022 | +100.6% | $1.4M |
| IWOIshares Tr | December 31, 2022 | +83.6% | $5.3M |
| QQQInvesco Qqq Tr | March 31, 2025 | +57.0% | $35.8M |
Sold off last quarter
- PANWPalo Alto Networks Inc was $4.8M
- SHOPShopify Inc was $4.6M
- MPWRMonolithic Pwr Sys Inc was $4.5M
- KLACKla Corp was $4.3M
- ARMArm Holdings PLC was $4.3M
- AMATApplied Matls Inc was $4.2M
- Exxon Mobil CorpCUSIP 30231G102 was $4.0M
- UNHUnitedhealth Group Inc was $2.1M
- COPConocophillips was $2.0M
- HOODRobinhood Mkts Inc was $937K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +27.8% | +14.8% |
| March 31, 2026 | −7.8% | −4.6% |
| December 31, 2025 | +0.6% | +2.4% |
| September 30, 2025 | +5.9% | +7.8% |
| June 30, 2025 | +20.9% | +10.5% |
| March 31, 2025 | −10.6% | −4.6% |
| December 31, 2024 | +5.7% | +2.1% |
| September 30, 2024 | +1.6% | +5.4% |
| June 30, 2024 | +6.3% | +4.0% |
| December 31, 2023 | +13.2% | +11.2% |
| September 30, 2023 | −0.6% | −3.6% |
| June 30, 2023 | +13.1% | +8.3% |
| March 31, 2023 | +14.1% | +7.0% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Connective Capital Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1543568&type=13F-HR&dateb=&owner=include&count=40CIK 1543568
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1543568/000154356826000008/Filed August 13, 2026 · accession 0001543568-26-000008