1y return+16.2%S&P 500 +20.9%
3y return+55.6%S&P 500 +68.5%
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 December 31, 2022: $184 against $195 in the S&P 500.2
Headlands Technologies 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 |
|---|---|---|---|
| AMZNAmazon Com Inc | $33.3M | 3.5% | +50.8% |
| TLTIshares Tr | $16.9M | 1.8% | New |
| MUMicron Technology Inc | $15.1M | 1.6% | −87.3% |
| AMDAdvanced Micro Devices Inc | $13.5M | 1.4% | +962.3% |
| CMECme Group Inc | $12.3M | 1.3% | New |
| INTCIntel Corp | $11.1M | 1.2% | +322.5% |
| ORLYOreilly Automotive Inc | $10.3M | 1.1% | +56.5% |
| BEBloom Energy Corp | $9.9M | 1.0% | New |
| QQQInvesco Qqq Tr | $9.8M | 1.0% | +127.5% |
| IBKRInteractive Brokers Group In | $8.8M | 0.9% | New |
| ORCLOracle Corp | $8.4M | 0.9% | New |
| VOOVanguard Index Fds | $8.3M | 0.9% | −20.0% |
| WMTWalmart Inc | $8.2M | 0.9% | −52.0% |
| UALUnited Airls Hldgs Inc | $7.9M | 0.8% | +198.7% |
| CSXCsx Corp | $7.9M | 0.8% | New |
| TMUST-mobile Us Inc | $7.5M | 0.8% | +312.8% |
| CLSKCleanspark Inc | $7.5M | 0.8% | +214.8% |
| ROKURoku Inc | $7.4M | 0.8% | New |
| Electronic Arts IncCUSIP 285512109 | $7.3M | 0.8% | −26.9% |
| MDLZMondelez Intl Inc | $7.3M | 0.8% | New |
| CSCOCisco Sys Inc | $7.2M | 0.8% | New |
| MNSTMonster Beverage Corp New | $6.8M | 0.7% | New |
| REGNRegeneron Pharmaceuticals | $6.6M | 0.7% | New |
| MSFTMicrosoft Corp | $6.4M | 0.7% | −76.0% |
| SMTCSemtech Corp | $6.4M | 0.7% | New |
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 |
|---|---|---|---|
| AMDAdvanced Micro Devices Inc | March 31, 2026 | +185.6% | $13.5M |
| VOOVanguard Index Fds | March 31, 2023 | +82.6% | $8.3M |
| CLSKCleanspark Inc | March 31, 2026 | +71.0% | $7.5M |
| MARAMara Holdings Inc | March 31, 2026 | +70.2% | $6.2M |
| SOFISofi Technologies Inc | March 31, 2025 | +54.2% | $5.2M |
| Arch Cap Group LtdCUSIP G0450A105 | December 31, 2023 | +30.7% | $4.9M |
| QQQInvesco Qqq Tr | March 31, 2026 | +27.6% | $9.8M |
| UALUnited Airls Hldgs Inc | December 31, 2025 | +21.6% | $7.9M |
| BKRBaker Hughes Company | September 30, 2025 | +13.9% | $5.5M |
| JEPQJ P Morgan Exchange Traded F | June 30, 2025 | +13.0% | $5.8M |
Sold off last quarter
- GOOGLAlphabet Inc was $29.7M
- HYGIshares Tr was $12.3M
- Honeywell Intl IncCUSIP 438516106 was $10.9M
- AAPLApple Inc was $6.9M
- VCITVanguard Scottsdale Fds was $6.1M
- ROSTRoss Stores Inc was $6.1M
- COINCoinbase Global Inc was $4.8M
- HOODRobinhood Mkts Inc was $4.5M
- Nu Hldgs LtdCUSIP G6683N103 was $4.3M
- DELLDell Technologies Inc was $4.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.5% | +14.8% |
| March 31, 2026 | −3.9% | −4.6% |
| December 31, 2025 | +0.6% | +2.4% |
| September 30, 2025 | +10.8% | +7.8% |
| June 30, 2025 | +15.5% | +10.5% |
| March 31, 2025 | −4.9% | −4.6% |
| December 31, 2024 | +2.7% | +2.1% |
| September 30, 2024 | +5.7% | +5.4% |
| June 30, 2024 | +1.0% | +4.0% |
| March 31, 2024 | +4.4% | +10.0% |
| December 31, 2023 | +9.8% | +11.2% |
| September 30, 2023 | −3.1% | −3.6% |
| June 30, 2023 | +10.7% | +8.3% |
| March 31, 2023 | +7.0% | +7.0% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Headlands Technologies LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1570271&type=13F-HR&dateb=&owner=include&count=40CIK 1570271
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1570271/000157027126000005/Filed August 13, 2026 · accession 0001570271-26-000005