DCF Advisers, LLC

CIK 1802493 · View on SEC EDGAR ↗

Portfolio value
$565.8M
#3,493 of 9,443 by 13F value · top 37.0%
Positions
93
As of
June 30, 2026

Portfolio value QoQ: +50.8% 13F does not disclose cash

Top 10 holdings weight
65.92%
Top 25 holdings weight
81.22%
Positions above 1%
17
Effective number of positions
8.9

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

Turnover Q2 2026: 21.02% Est. buys $106,191,867 · sells $98,877,305

Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 52.5% still held

New positions
15
Increased
27
Decreased
21
Closed
4

Put-notional exposure: 28.7% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

On this page

Performance vs S&P 500

Tracked Q4 2025–Q2 2026
+65.0%
S&P 500 total return (same window)
+8.7%
Excess return
+56.4%

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: 91.3% · Options excluded: 24.0%

Sector breakdown

Technology
32.6%
Healthcare
16.4%
Communication Services
4.7%
Retail
4.2%
Financials
2.1%
Industrials
1.1%
Energy
1.0%
Communications
0.8%
Materials
0.6%
Consumer Discretionary
0.3%
Consumer Staples
0.1%
Packaging
0.1%
Other/Unmapped
35.9%

Full portfolio 93 positions

Type Streak 8Q trend
QQQ Invesco QQQ Trust, Series 1 $142,198,840 25.13% 193,100 Put option $69,474,160 Up ×2
MU Micron Technology, Inc. - Common Stock $115,429,000 20.40% 100,000 $64,753,000 Down ×3
GOOG Alphabet Inc. - Class C Capital Stock $19,079,820 3.37% 54,000 $2,728,800 Down ×1
SPY SPY $18,669,250 3.30% 25,000 Put option $4,686,940 Up ×1
AMD Advanced Micro Devices, Inc. - Common Stock $16,846,390 2.98% 29,000 $10,946,920
MU Micron Technology, Inc. - Common Stock $14,428,625 2.55% 12,500 Call option
AMZN Amazon.com, Inc. - Common Stock $14,121,645 2.50% 59,250 $6,207,385 Up ×3
ARGX argenx SE - American Depositary Shares $13,174,334 2.33% 14,200 $2,476,171 Down ×1
CRVS Corvus Pharmaceuticals, Inc. - Common Stock $9,524,250 1.68% 637,500 $197,625
HELP Cybin Inc. - Common Stock $9,485,271 1.68% 1,434,988 $6,163,729 Up ×1
TEVA Teva Pharmaceutical Industries Limited American Depositary Shares $8,622,460 1.52% 254,500 $-413,540 Down ×2
MRVL Marvell Technology, Inc. - Common Stock $8,191,975 1.45% 27,500 $5,468,100
IAU $7,551,000 1.33% 100,000 $-1,265,000
BAC Bank of America Corporation Common Stock $6,809,110 1.20% 119,500 $983,485
REGN Regeneron Pharmaceuticals, Inc. - Common Stock $5,767,745 1.02% 9,250 $-1,379,175
ET Energy Transfer LP Common Units $5,745,560 1.02% 300,500 $-54,090
VRTX Vertex Pharmaceuticals Incorporated - Common Stock $5,712,395 1.01% 11,500 $2,586,615 Up ×2
GLD $5,157,320 0.91% 14,000 $-6,160 Up ×1
C Citigroup, Inc. Common Stock $5,038,560 0.89% 36,000 $955,800
NAMS NewAmsterdam Pharma Company N.V. - Ordinary Shares $4,778,490 0.84% 141,000 $-362,316 Down ×1
GDX GDX $4,715,625 0.83% 62,500 $-1,020,000
INCY Incyte Corporation - Common Stock $4,704,440 0.83% 41,500 $798,460
CSCO Cisco Systems, Inc. - Common Stock $4,698,400 0.83% 40,000 $430,950 Down ×1
BIDU Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share $4,571,600 0.81% 40,000 $3,380 Down ×1
ORCL Oracle Corporation Common Stock $4,469,775 0.79% 30,500 $277,140 Up ×1
ZM Zoom Communications, Inc. - Class A Common Stock $4,391,021 0.78% 50,875 $652,886 Up ×3
INTC Intel Corporation - Common Stock $3,979,455 0.70% 28,500 $2,434,905 Down ×2
IMRX Immuneering Corporation - Class A Common Stock $3,942,100 0.70% 790,000 $3,196,595 Up ×1
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share $3,791,210 0.67% 39,500 $-1,039,000 Up ×2
MSFT Microsoft Corporation - Common Stock $3,627,620 0.64% 9,725 $3,072,365 Up ×1
UBER Uber Technologies, Inc. Common Stock $3,608,000 0.64% 50,000 $-348,150 Down ×1
LRCX Lam Research Corporation - Common Stock $3,249,975 0.57% 7,500 Up ×1
LLY Eli Lilly and Company Common Stock $3,238,461 0.57% 2,700 $-4,395,630 Down ×1
EVO Evotec SE - American Depositary Shares each representing 1/2 of one ordinary share $3,021,267 0.53% 1,079,024 $358,082 Up ×1
IONS Ionis Pharmaceuticals, Inc. - Common Stock $2,973,375 0.53% 37,500 $-1,231,665 Down ×3
AOD abrdn Total Dynamic Dividend Fund Common Shares of Beneficial Interest $2,742,460 0.48% 266,000 $292,600
ABBV AbbVie Inc. Common Stock $2,705,130 0.48% 10,750 $367,112
AVGO Broadcom Inc. - Common Stock $2,691,469 0.48% 7,125 $1,182,608 Up ×2
ZBH Zimmer Biomet Holdings, Inc. Common Stock $2,625,745 0.46% 30,500 $-132,065
JQC Nuveen Credit Strategies Income Fund Shares of Beneficial Interest $2,566,629 0.45% 528,113 $246,873 Up ×3
GDXJ $2,456,250 0.43% 25,000 $-544,750
MSFT Microsoft Corporation - Common Stock $2,312,724 0.41% 6,200 Call option $1,942,554 Up ×1
LFCR Lifecore Biomedical, Inc. - Common Stock $2,228,625 0.39% 424,500 $649,485
B Barrick Mining Corporation Common Shares $2,203,800 0.39% 60,000 Up ×1
SLV $2,138,800 0.38% 40,000 $-586,800
HZO MarineMax, Inc. (FL) Common Stock $2,105,650 0.37% 57,500 Up ×1
BNED Barnes & Noble Education, Inc Common Stock $2,064,650 0.36% 164,383 $325,643 Down ×3
BHVN Biohaven Ltd. Common Shares $2,001,360 0.35% 134,500 Call option $863,490
BHVN Biohaven Ltd. Common Shares $1,934,400 0.34% 130,000 $889,590 Up ×1
AMGN Amgen Inc. - Common Stock $1,901,130 0.34% 5,250 $-209,970 Down ×2
QURE uniQure N.V. - Ordinary Shares $1,842,400 0.33% 40,000 $1,041,250 Down ×1
URNM $1,840,650 0.33% 35,000 $-369,600
GPCR Structure Therapeutics Inc. - American Depositary Shares $1,722,807 0.30% 32,100 $397,307 Up ×1
XNCR Xencor, Inc. - Common Stock $1,670,150 0.30% 103,736 $419,094
AAPL Apple Inc. - Common Stock $1,663,820 0.29% 5,750 $204,527
ALLT Allot Ltd. - Ordinary Shares $1,504,500 0.27% 170,000 $462,210 Up ×5
KWEB $1,345,850 0.24% 55,000 Up ×1
BA Boeing Company (The) Common Stock $1,298,820 0.23% 6,000
QCOM QUALCOMM Incorporated - Common Stock $1,293,530 0.23% 7,000 $-26,465 Down ×1
ZLAB Zai Lab Limited - American Depositary Shares $1,206,500 0.21% 63,500 $12,065
ARQ Arq, Inc. - Common Stock $1,177,042 0.21% 461,585 $337,866 Up ×2
LYFT Lyft, Inc. - Class A Common Stock $1,139,580 0.20% 78,000 $-223,670 Down ×2
META Meta Platforms, Inc. - Class A Common Stock $1,126,580 0.20% 2,000 $-17,680
SBUX Starbucks Corporation - Common Stock $1,021,900 0.18% 10,000 Call option $126,000
IWM $901,350 0.16% 3,000 $157,350
AZN AstraZeneca PLC - American Depositary Shares $900,695 0.16% 4,750 Up ×1
STEW SRH Total Return Fund, Inc. Common Stock $895,000 0.16% 50,000 $40,000
PINS Pinterest, Inc. Class A Common Stock $841,200 0.15% 40,000 $382,700 Up ×1
GM General Motors Company Common Stock $770,800 0.14% 10,000 $-160,450 Down ×1
CMPS COMPASS Pathways Plc - American Depository Shares $767,638 0.14% 54,250 $532,613 Up ×1
PRTA Prothena Corporation plc - Ordinary Shares $717,088 0.13% 73,247 $5,127
ZBIO Zenas BioPharma, Inc. - Common Stock $715,310 0.13% 28,184 Up ×1
AMZN Amazon.com, Inc. - Common Stock $715,020 0.13% 3,000 Put option Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $714,740 0.13% 2,000 Put option $-4,748,900 Down ×1
VRDN Viridian Therapeutics, Inc. - Common Stock $698,060 0.12% 38,000 $69,206 Up ×1
LNSR LENSAR, Inc. - Common Stock $675,019 0.12% 118,217 $-29,554
TPB Turning Point Brands, Inc. Common Stock $636,075 0.11% 7,500 $28,545 Up ×1
SVRA Savara, Inc. - Common Stock $616,000 0.11% 100,000 Up ×1
ANAB AnaptysBio, Inc. - Common Stock $615,195 0.11% 9,114 $-426,067 Down ×3
OI O-I Glass, Inc. Common Stock $577,800 0.10% 60,000 $-52,800
HD Home Depot, Inc. (The) Common Stock $529,020 0.09% 1,500
SPOT Spotify Technology S.A. Ordinary Shares $528,000 0.09% 1,150 $-78,138 Down ×1
IFRX InflaRx N.V. - Common Stock $511,840 0.09% 228,500 $370,078 Up ×1
AMZN Amazon.com, Inc. - Common Stock $476,680 0.08% 2,000 Call option $-43,995 Down ×1
SNY Sanofi - American Depositary Shares $426,600 0.08% 10,000 Call option $161,610 Up ×1
NOW ServiceNow, Inc. Common Stock $372,300 0.07% 3,750 Up ×1
TDOC Teladoc Health, Inc. Common Stock $360,400 0.06% 42,500
IBIT iShares Bitcoin Trust ETF $316,255 0.06% 9,500 Call option $28,105 Up ×1
MDT Medtronic plc. Ordinary Shares $234,690 0.04% 3,000 Up ×1
ZM Zoom Communications, Inc. - Class A Common Stock $129,465 0.02% 1,500 Call option
ALT Altimmune, Inc. - Common Stock $112,480 0.02% 37,000 Call option $-1,480
ARDX Ardelyx, Inc. - Common Stock $112,200 0.02% 22,000 $-7,600 Up ×1
ALT Altimmune, Inc. - Common Stock $44,688 0.01% 14,700 $-588

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
AMZN $14,121,645 2.50% up ×3
ZM $4,391,021 0.78% up ×3
JQC $2,566,629 0.45% up ×3
ALLT $1,504,500 0.27% up ×5

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
MU $14,428,625 12,500 2.55%
LRCX $3,249,975 7,500 0.57%
B $2,203,800 60,000 0.39%
HZO $2,105,650 57,500 0.37%
KWEB $1,345,850 55,000 0.24%
BA $1,298,820 6,000 0.23%
AZN $900,695 4,750 0.16%
ZBIO $715,310 28,184 0.13%
AMZN $715,020 3,000 0.13%
SVRA $616,000 100,000 0.11%
HD $529,020 1,500 0.09%
NOW $372,300 3,750 0.07%
TDOC $360,400 42,500 0.06%
MDT $234,690 3,000 0.04%
ZM $129,465 1,500 0.02%

Top movers (QoQ)

Security Action Shares Δ Value Δ
QQQ Bought more +67K +$69.5M
MU Trimmed -50K +$64.8M
AMD Price move only +0 +$10.9M
AMZN Bought more +21K +$6.2M
HELP Bought more +743K +$6.2M
MRVL Price move only +0 +$5.5M
SPY Bought more +4K +$4.7M
LLY Trimmed -6K -$4.4M
GOOG Trimmed -3K +$2.7M
VRTX Bought more +4K +$2.6M

3 positions 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
VOO June 30, 2025 35,000 $17,986,850 No longer tracked
SMH June 30, 2026 32,000 $12,268,800 -14.7%
UBER Sept. 30, 2025 62,500 $5,831,250 -18.7%
ET Sept. 30, 2025 300,500 $5,448,065 23.7%
BABA Sept. 30, 2025 39,150 $4,440,002 -29.9%
AZN Sept. 30, 2025 45,800 $3,200,504 112.9%
CRVS Sept. 30, 2025 760,000 $3,040,000 101.6%
SOXX March 31, 2026 10,000 $3,011,500 57.6%
HD March 31, 2026 8,500 $2,924,850 2.7%
GOLD June 30, 2026 60,000 $2,447,400 7.9%
HELP Sept. 30, 2025 202,750 $1,701,073 107.6%
LRCXXXXX June 30, 2026 7,500 $1,602,450 No longer tracked
GOLD Sept. 30, 2025 60,000 $1,249,200 73.6%
BA March 31, 2025 7,000 $1,239,000 28.6%
GM Sept. 30, 2025 25,000 $1,230,250 38.1%
PFE March 31, 2026 47,000 $1,170,300 -0.9%
BOXX Dec. 31, 2025 10,000 $1,138,600 No longer tracked
F March 31, 2025 100,000 $990,000 39.4%
TDOC March 31, 2026 137,500 $962,500 22.8%
BP Dec. 31, 2025 25,000 $861,500 30.0%
DE March 31, 2025 2,000 $847,400 28.2%
SNY March 31, 2025 14,500 $699,335 -18.1%
SNPS June 30, 2026 1,750 $693,840 -10.9%
DOCU March 31, 2026 9,500 $649,800 31.4%
ARQ Sept. 30, 2025 108,494 $582,613 -69.8%
ALT Sept. 30, 2025 136,770 $529,300 -19.9%
GPCR Sept. 30, 2025 24,750 $513,315 90.2%
ITCI June 30, 2025 3,500 $461,720 No longer tracked
BIIB March 31, 2026 2,500 $439,975 20.0%
BUR Sept. 30, 2025 28,000 $399,280 -63.9%
FLUT March 31, 2025 1,500 $387,675 -53.9%
CTLP March 31, 2026 33,500 $355,770 No longer tracked
PYPL March 31, 2026 5,000 $291,900 36.4%
NOK March 31, 2025 50,000 $221,500 88.0%
MEOH March 31, 2026 5,500 $218,460 1.4%
PANW Sept. 30, 2025 1,050 $214,872 74.7%
XLE Sept. 30, 2025 2,500 $212,025 No longer tracked
BUR March 31, 2026 19,500 $173,940 -4.4%
NN Dec. 31, 2025 11,450 $163,735 5.9%
WOLF June 30, 2025 27,500 $84,150
LCTX March 31, 2025 107,751 $54,145 No longer tracked
TBHC March 31, 2025 24,165 $39,147 No longer tracked
EQ June 30, 2025 39,492 $15,493 625.0%
OVID March 31, 2025 11,750 $10,971 808.7%