Act Two Investors LLC

CIK 1766907 · View on SEC EDGAR ↗

Portfolio value
$494.7M
#3,794 of 9,443 by 13F value · top 40.2%
Positions
37
As of
June 30, 2026

Portfolio value QoQ: +9.2% 13F does not disclose cash

Top 10 holdings weight
70.16%
Top 25 holdings weight
97.28%
Positions above 1%
20
Effective number of positions
14.9

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 9.3% Est. buys $50,796,534 · sells $44,068,003

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 64.9% still held

New positions
2
Increased
13
Decreased
10
Closed
1
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+13.7%
S&P 500 total return (same window)
+28.1%
Excess return
-14.4%

Annualized: +8.9% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 94.5% · Options excluded: 0.0%

Sector breakdown

Technology
22.6%
Communication Services
17.3%
Healthcare
16.1%
Financial Services
11.3%
Retail
8.5%
Telecommunication
5.1%
Industrials
5.0%
Utilities
3.5%
Financials
2.1%
Consumer Discretionary
0.5%
Other/Unmapped
8.1%

Full portfolio 37 positions

Type Streak 8Q trend
GOOG Alphabet Inc. - Class C Capital Stock $73,924,056 14.94% 209,221 $6,052,980 Down ×6
MSFT Microsoft Corporation - Common Stock $53,404,065 10.79% 143,167 $595,702 Up ×1
AMZN Amazon.com, Inc. - Common Stock $41,900,410 8.47% 175,801 $4,937,692 Down ×6
V Visa Inc. $35,787,828 7.23% 104,310 $4,303,088 Up ×2
IQV IQVIA Holdings, Inc. Common Stock $30,672,902 6.20% 158,746 $3,621,506 Up ×1
TMUS T-Mobile US, Inc. - Common Stock $25,340,984 5.12% 151,082 $-6,531,069 Down ×2
LLY Eli Lilly and Company Common Stock $23,151,398 4.68% 19,302 $15,633,198 Up ×1
AAPL Apple Inc. - Common Stock $22,338,881 4.52% 77,201 $2,743,248 Down ×3
NVDA NVIDIA Corporation - Common Stock $21,033,861 4.25% 105,122 $2,747,672 Up ×2
IEF iShares 7-10 Year Treasury Bond ETF $19,554,428 3.95% 206,772 $-284,685 Down ×4
SLM SLM Corporation - Common Stock $18,593,066 3.76% 716,772 $3,443,842 Up ×2
ADP Automatic Data Processing, Inc. - Common Stock $17,827,988 3.60% 79,607 $8,313,272 Up ×1
ES Eversource Energy (D/B/A) Common Stock $17,204,379 3.48% 238,057 $-11,153,726 Down ×2
SYK Stryker Corporation Common Stock $15,810,425 3.20% 50,217 $11,878,736 Up ×1
JPM JP Morgan Chase & Co. Common Stock $8,998,629 1.82% 27,491 $911,876
SCHR $8,743,302 1.77% 354,554 $25,798 Up ×1
ACN Accenture plc Class A Ordinary Shares (Ireland) $8,626,803 1.74% 69,325 Up ×1
MCK McKesson Corporation Common Stock $6,739,952 1.36% 8,920 $-979,059
SCHO $6,184,909 1.25% 256,210 $293,221 Up ×1
NFLX Netflix, Inc. - Common Stock $5,562,560 1.12% 77,907 $4,931,816 Up ×1
INTU Intuit Inc. - Common Stock $4,592,295 0.93% 17,595 $-454,444 Up ×1
VGLT Vanguard Long-Term Treasury ETF $4,112,565 0.83% 74,530 $-1,302,815 Down ×2
CNI Canadian National Railway Company Common Stock $3,937,305 0.80% 33,020 $543,840
GOOGL Alphabet Inc. - Class A Common Stock $3,861,025 0.78% 10,804 $240,645 Down ×6
TMO Thermo Fisher Scientific Inc Common Stock $3,364,126 0.68% 6,710 $65,960
CP Canadian Pacific Kansas City Limited Common Shares $3,048,434 0.62% 35,181 $281,097
META Meta Platforms, Inc. - Class A Common Stock $1,999,680 0.40% 3,550 $-31,382
MCD McDonald's Corporation Common Stock $1,843,514 0.37% 6,820 $-276,074
BRKB $1,411,616 0.29% 2,821 $-122 Down ×3
MA Mastercard Incorporated Common Stock $1,203,878 0.24% 2,344 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $984,749 0.20% 2,062 $282,489 Down ×1
AON Aon plc Class A Ordinary Shares (Ireland) $754,595 0.15% 2,275 $20,270
EWBC East West Bancorp, Inc. - Common Stock $680,304 0.14% 5,270 $117,679
BKNG Booking Holdings Inc. - Common Stock $628,296 0.13% 3,525 $34,641 Up ×1
NXPI NXP Semiconductors N.V. - Common Stock $334,145 0.07% 1,189 $100,078
AXP American Express Company Common Stock $331,147 0.07% 979 $35,019
ORCL Oracle Corporation Common Stock $254,997 0.05% 1,740 $-974

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
ACN $8,626,803 69,325 1.74%
MA $1,203,878 2,344 0.24%

Top movers (QoQ)

Security Action Shares Δ Value Δ
LLY Bought more +11K +$15.6M
SYK Bought more +38K +$11.9M
ES Trimmed -171K -$11.2M
ADP Bought more +33K +$8.3M
TMUS Trimmed -668 -$6.5M
GOOG Trimmed -27K +$6.1M
AMZN Trimmed -2K +$4.9M
V Bought more +139 +$4.3M
IQV Bought more +124 +$3.6M
SLM Bought more +9K +$3.4M

1 position hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
AZN March 31, 2026 351,775 $32,338,676 -16.1%
SYY June 30, 2025 335,950 $25,209,688 11.0%
ARE Dec. 31, 2025 275,290 $22,942,669 6.9%
FISV Dec. 31, 2025 156,060 $20,120,816 -23.3%
DIS June 30, 2026 201,332 $19,404,378 11.3%
SLB March 31, 2025 495,297 $18,989,687 28.7%
UNH March 31, 2025 35,357 $17,885,724 -26.0%
ADBE March 31, 2026 48,599 $17,009,164 12.3%
AMGN Sept. 30, 2025 46,220 $12,905,086 54.5%
JNJ March 31, 2025 72,656 $10,507,511 61.1%
BX June 30, 2025 50,504 $7,059,449 -4.2%
BND June 30, 2025 55,658 $4,088,080
GPC March 31, 2025 23,094 $2,696,455 12.5%
DIS March 31, 2025 12,835 $1,429,177 8.5%
VCIT June 30, 2025 9,444 $772,141
XLF March 31, 2026 5,868 $321,390 No longer tracked
WTW Sept. 30, 2025 1,029 $315,389 -0.8%
MKL March 31, 2025 182 $314,174 -4.1%
NOC June 30, 2025 526 $269,317 11.9%
VTI June 30, 2025 970 $266,595 No longer tracked
PRU March 31, 2026 1,990 $224,631 25.3%