1y return+9.0%S&P 500 +20.9%
3y return+85.5%S&P 500 +68.5%
5y return−9.7%S&P 500 +74.5%
10y return+243.7%S&P 500 +256.5%
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 June 30, 2016: $344 against $357 in the S&P 500.2
Whetstone Capital Advisors, 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 |
|---|---|---|---|
| DAVEDave Inc | $83.1M | 22.0% | |
| NETCloudflare Inc | $71.8M | 19.0% | |
| GOOGAlphabet Inc | $40.9M | 10.8% | −2.5% |
| AMZNAmazon Com Inc | $16.5M | 4.4% | −25.6% |
| FRMIFermi Inc | $12.0M | 3.2% | New |
| Klarna Group PLCCUSIP G5279N105 | $10.3M | 2.7% | |
| XYZBlock Inc | $9.4M | 2.5% | |
| TOSTToast Inc | $9.4M | 2.5% | |
| XZOExzeo Group Inc | $9.1M | 2.4% | +31.6% |
| OPRXOptimizerx Corp | $8.6M | 2.3% | |
| SESea Ltd | $8.2M | 2.2% | New |
| Etoro Group LtdCUSIP G32089107 | $7.5M | 2.0% | +36.8% |
| BETRBetter Home & Finance Holdin | $7.0M | 1.9% | New |
| FIGRFigure Technology Solutio | $6.9M | 1.8% | New |
| COINCoinbase Global Inc | $6.9M | 1.8% | +86.3% |
| PHRPhreesia Inc | $6.5M | 1.7% | −34.0% |
| ORCLOracle Corp | $6.1M | 1.6% | New |
| SERASera Prognostics Inc | $6.0M | 1.6% | |
| HOODRobinhood Mkts Inc | $5.5M | 1.5% | +8.8% |
| WLTHWealthfront Corp | $5.4M | 1.4% | +10.6% |
| Pagaya Technologies LtdCUSIP M7S64L123 | $5.4M | 1.4% | |
| TTANServicetitan Inc | $3.3M | 0.9% | New |
| RPAYRepay Hldgs Corp | $3.2M | 0.9% | −71.6% |
| BSYBentley Sys Inc | $2.9M | 0.8% | New |
| Pics NvCUSIP N69958101 | $2.2M | 0.6% | 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 |
|---|---|---|---|
| NETCloudflare Inc | June 30, 2020 | +582.3% | $71.8M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $399K |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $40.9M |
| AMZNAmazon Com Inc | June 30, 2020 | +72.8% | $16.5M |
| Pagaya Technologies LtdCUSIP M7S64L123 | March 31, 2026 | +56.7% | $5.4M |
| Klarna Group PLCCUSIP G5279N105 | March 31, 2026 | +54.6% | $10.3M |
| TOSTToast Inc | September 30, 2023 | +48.5% | $9.4M |
| HOODRobinhood Mkts Inc | March 31, 2026 | +44.7% | $5.5M |
| Etoro Group LtdCUSIP G32089107 | March 31, 2026 | +31.4% | $7.5M |
| PHRPhreesia Inc | March 31, 2026 | +22.8% | $6.5M |
Sold off last quarter
- BLZEBackblaze Inc was $5.2M
- Open Lending CorpCUSIP 68373J104 was $4.7M
- The Real Brokerage IncCUSIP 75585H206 was $4.1M
- LFMDLifemd Inc was $1.3M
- BODIThe Beachbody Company Inc was $1.1M
- MRDNMeridian Holdings Inc was $457K
- Lyondellbasell Industries NvCUSIP N53745100 was $286K
- BAHBooz Allen Hamilton Hldg Cor was $258K
- BLNDBlend Labs Inc was $66K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +35.3% | +14.8% |
| March 31, 2026 | −15.5% | −4.6% |
| December 31, 2025 | −4.2% | +2.4% |
| September 30, 2025 | −0.5% | +7.8% |
| June 30, 2025 | +23.3% | +10.5% |
| March 31, 2025 | −2.5% | −4.6% |
| December 31, 2024 | +21.9% | +2.1% |
| September 30, 2024 | −2.4% | +5.4% |
| June 30, 2024 | −11.5% | +4.0% |
| March 31, 2024 | +15.8% | +10.0% |
| December 31, 2023 | +18.5% | +11.2% |
| September 30, 2023 | −2.1% | −3.6% |
| June 30, 2023 | +12.9% | +8.3% |
| March 31, 2023 | +16.1% | +7.0% |
| December 31, 2022 | −9.1% | +7.1% |
| September 30, 2022 | −2.6% | −5.3% |
| June 30, 2022 | −39.7% | −16.5% |
| March 31, 2022 | −17.2% | −4.9% |
| December 31, 2021 | −12.3% | +10.7% |
| September 30, 2021 | −4.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Whetstone Capital Advisors, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1607278&type=13F-HR&dateb=&owner=include&count=40CIK 1607278
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1607278/000121465926010400/Filed August 14, 2026 · accession 0001214659-26-010400