1y return+27.3%S&P 500 +20.9%
3y return+64.8%S&P 500 +68.5%
5y return+57.0%S&P 500 +74.5%
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 March 31, 2021: $170 against $188 in the S&P 500.2
State of WyomingS&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 |
|---|---|---|---|
| SPYState Str Spdr S&p 500 Etf T | $198.1M | 20.0% | |
| EFAIshares Tr | $22.1M | 2.2% | |
| NVDANvidia Corporation | $20.4M | 2.1% | −4.1% |
| AAPLApple Inc | $14.1M | 1.4% | −26.0% |
| MSFTMicrosoft Corp | $11.3M | 1.1% | +129.1% |
| EMXCIshares Inc | $10.4M | 1.1% | |
| GOOGLAlphabet Inc | $10.1M | 1.0% | −5.7% |
| EWTIshares Inc | $9.9M | 1.0% | −14.2% |
| GOOGAlphabet Inc | $6.5M | 0.7% | −2.1% |
| MRVLMarvell Technology Inc | $4.5M | 0.5% | +139.1% |
| MUMicron Technology Inc | $4.3M | 0.4% | +278.0% |
| IBKRInteractive Brokers Group In | $4.2M | 0.4% | −2.2% |
| METAMeta Platforms Inc | $4.1M | 0.4% | +25.4% |
| INCYIncyte Corp | $4.0M | 0.4% | +5041.1% |
| Tower Semiconductor LtdCUSIP M87915274 | $4.0M | 0.4% | +51.8% |
| EEMIshares Tr | $4.0M | 0.4% | −11.9% |
| INDAIshares Tr | $3.9M | 0.4% | −9.3% |
| AMZNAmazon Com Inc | $3.9M | 0.4% | −6.0% |
| AVGOBroadcom Inc | $3.9M | 0.4% | −19.0% |
| Icon Pub Ltd CoCUSIP G4705A100 | $3.9M | 0.4% | +621.2% |
| TSMTaiwan Semiconductor Manufac | $3.9M | 0.4% | −21.2% |
| COHRCoherent Corp | $3.5M | 0.4% | +10.7% |
| SNXTd Synnex Corporation | $3.4M | 0.3% | +229.9% |
| ECHOEchostar Corp | $3.4M | 0.3% | +3.5% |
| ALLYAlly Finl Inc | $3.2M | 0.3% | +16.5% |
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 |
|---|---|---|---|
| NVDANvidia Corporation | March 31, 2021 | +1399.0% | $20.4M |
| COHRCoherent Corp | December 31, 2023 | +806.2% | $3.5M |
| Tower Semiconductor LtdCUSIP M87915274 | June 30, 2022 | +464.4% | $4.0M |
| GTXGarrett Motion Inc | March 31, 2022 | +403.9% | $2.4M |
| AMDAdvanced Micro Devices Inc | September 30, 2025 | +259.1% | $3.2M |
| SIMOSilicon Motion Technology Co | September 30, 2025 | +251.6% | $2.7M |
| TSMTaiwan Semiconductor Manufac | March 31, 2024 | +251.0% | $3.9M |
| GOOGLAlphabet Inc | March 31, 2021 | +246.5% | $10.1M |
| GOOGAlphabet Inc | March 31, 2021 | +241.6% | $6.5M |
| LSCCLattice Semiconductor Corp | June 30, 2025 | +212.2% | $3.2M |
Sold off last quarter
- IESCIes Holdings Inc was $8.4M
- SOLSSolstice Advanced Matls Inc was $2.0M
- TICTic Solutions Inc was $1.6M
- Amrize LtdCUSIP H2927K103 was $1.5M
- APDAir Products And Chemicals I was $1.2M
- Klarna Group PLCCUSIP G5279N105 was $983K
- OCOwens Corning New was $975K
- RKTRocket Cos Inc was $963K
- BKEBuckle Inc was $899K
- UUnity Software Inc was $893K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +16.5% | +14.8% |
| March 31, 2026 | −1.8% | −4.6% |
| December 31, 2025 | +2.4% | +2.4% |
| September 30, 2025 | +8.7% | +7.8% |
| June 30, 2025 | +10.5% | +10.5% |
| March 31, 2025 | −5.9% | −4.6% |
| December 31, 2024 | +0.8% | +2.1% |
| September 30, 2024 | +6.7% | +5.4% |
| June 30, 2024 | +0.3% | +4.0% |
| March 31, 2024 | +8.0% | +10.0% |
| December 31, 2023 | +10.9% | +11.2% |
| September 30, 2023 | −3.6% | −3.6% |
| June 30, 2023 | +5.3% | +8.3% |
| March 31, 2023 | +5.6% | +7.0% |
| December 31, 2022 | +10.1% | +7.1% |
| September 30, 2022 | −4.8% | −5.3% |
| June 30, 2022 | −16.7% | −16.5% |
| March 31, 2022 | −6.9% | −4.9% |
| December 31, 2021 | +6.8% | +10.7% |
| September 30, 2021 | −1.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: State of Wyoming Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1821626&type=13F-HR&dateb=&owner=include&count=40CIK 1821626
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1821626/000182162626000008/Filed August 6, 2026 · accession 0001821626-26-000008