Returns–Not enough quarters yet
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.
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| COMPCompass Inc | $14.8M | 8.8% | New |
| ECPGEncore Cap Group Inc | $13.0M | 7.8% | −37.3% |
| FLYWFlywire Corporation | $12.0M | 7.1% | −32.2% |
| COFCapital One Finl Corp | $10.3M | 6.1% | −7.7% |
| JKHYHenry Jack & Assoc Inc | $7.8M | 4.6% | New |
| SEICSei Invts Co | $7.8M | 4.6% | +23.1% |
| UMBFUmb Finl Corp | $7.4M | 4.4% | −16.5% |
| VLYValley Natl Bancorp | $7.2M | 4.3% | +21.5% |
| VVisa Inc | $7.2M | 4.3% | +20.8% |
| SGISomnigroup International Inc | $7.0M | 4.2% | New |
| PRGProg Holdings Inc | $6.7M | 4.0% | New |
| WTWisdomtree Inc | $6.5M | 3.9% | New |
| LPLALpl Finl Hldgs Inc | $6.4M | 3.8% | +26.0% |
| Webull CorpCUSIP G9572D103 | $6.1M | 3.6% | New |
| ICEIntercontinental Exchange In | $5.9M | 3.5% | +52.1% |
| SKWDSkyward Specialty Ins Group | $5.5M | 3.3% | −62.8% |
| FUTUFutu Hldgs Ltd | $5.1M | 3.1% | +14.4% |
| PGRProgressive Corp | $4.9M | 2.9% | −7.9% |
| FBINFortune Brands Innovations I | $4.7M | 2.8% | New |
| AFRMAffirm Hldgs Inc | $4.6M | 2.7% | −59.7% |
| CCSCentury Communities Inc | $4.4M | 2.6% | +3.9% |
| VIRTVirtu Finl Inc | $3.8M | 2.3% | New |
| EQIXEquinix Inc | $3.5M | 2.1% | New |
| DHID R Horton Inc | $3.2M | 1.9% | New |
| COOKTraeger Inc | $2.1M | 1.3% | 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 |
|---|---|---|---|
| AFRMAffirm Hldgs Inc | March 31, 2026 | +78.0% | $4.6M |
| ECPGEncore Cap Group Inc | December 31, 2025 | +71.6% | $13.0M |
| CCSCentury Communities Inc | March 31, 2026 | +24.9% | $4.4M |
| UMBFUmb Finl Corp | December 31, 2025 | +24.1% | $7.4M |
| FLYWFlywire Corporation | December 31, 2025 | +24.1% | $12.0M |
| VLYValley Natl Bancorp | March 31, 2026 | +19.3% | $7.2M |
| SKWDSkyward Specialty Ins Group | December 31, 2025 | +14.2% | $5.5M |
| SEICSei Invts Co | December 31, 2025 | +6.9% | $7.8M |
| VVisa Inc | December 31, 2025 | −2.2% | $7.2M |
| PGRProgressive Corp | December 31, 2025 | −4.1% | $4.9M |
Sold off last quarter
- SPGIS&p Global Inc was $7.7M
- UWMCUwm Holdings Corporation was $7.3M
- RKTRocket Cos Inc was $4.9M
- AAMIAcadian Asset Management Inc was $4.9M
- RPCRidgepost Cap Inc was $4.7M
- ENVAEnova Intl Inc was $4.7M
- BGCBgc Group Inc was $3.8M
- Ubs Group AgCUSIP H42097107 was $3.5M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +18.9% | +14.8% |
| March 31, 2026 | −10.1% | −4.6% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Karl Kapital LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2058849&type=13F-HR&dateb=&owner=include&count=40CIK 2058849
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2058849/000121465926010371/Filed August 14, 2026 · accession 0001214659-26-010371