1y return+36.6%S&P 500 +20.9%
3y return+37.1%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 March 31, 2022: $98 against $165 in the S&P 500.2
Valor 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 |
|---|---|---|---|
| SPCXSpace Exploration Techn Corp | $86.0B | 99.8% | New |
| BWAYBrainsway Ltd | $82.4M | 0.1% | |
| BTGOBitgo Holdings Inc | $64.9M | 0.1% | |
| HRMYHarmony Biosciences Hldgs In | $29.8M | 0.0% | +598.4% |
| BIOABioage Labs Inc | $321K | 0.0% |
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 |
|---|---|---|---|
| BWAYBrainsway Ltd | December 31, 2024 | +229.0% | $82.4M |
| HRMYHarmony Biosciences Hldgs In | December 31, 2021 | −14.6% | $29.8M |
| BTGOBitgo Holdings Inc | March 31, 2026 | −37.1% | $64.9M |
Sold off last quarter
- CNTNCanton Strategic Holdings In was $3.5M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −14.3% | +14.8% |
| March 31, 2026 | +34.6% | −4.6% |
| December 31, 2025 | +31.3% | +2.4% |
| September 30, 2025 | −9.8% | +7.8% |
| June 30, 2025 | −1.0% | +10.5% |
| March 31, 2025 | −3.4% | −4.6% |
| December 31, 2024 | −5.8% | +2.1% |
| September 30, 2024 | +24.1% | +5.4% |
| June 30, 2024 | −5.2% | +4.0% |
| March 31, 2024 | +3.9% | +10.0% |
| December 31, 2023 | −2.0% | +11.2% |
| September 30, 2023 | −6.9% | −3.6% |
| June 30, 2023 | +7.1% | +8.3% |
| March 31, 2023 | −40.1% | +7.0% |
| December 31, 2022 | +21.8% | +7.1% |
| September 30, 2022 | −8.2% | −5.3% |
| June 30, 2022 | −0.2% | −16.5% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Valor Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1846237&type=13F-HR&dateb=&owner=include&count=40CIK 1846237
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1846237/000121390026089714/Filed August 14, 2026 · accession 0001213900-26-089714