Phraction Management LLC
CIK 1907803 · View on SEC EDGAR ↗
- Portfolio value
- $595.5M
- Positions
- 66
- As of
- June 30, 2026
#3,393 of 9,443 by 13F value · top 35.9%
Portfolio value QoQ: +23.3% 13F does not disclose cash
- Top 10 holdings weight
- 63.57%
- Top 25 holdings weight
- 87.95%
- Positions above 1%
- 29
- Effective number of positions
- 9.0
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 9.33% Est. buys $91,789,248 · sells $50,315,919
Median holding: 5.0 quarters Tracked Q4 2024–Q2 2026 · 63.5% still held
- New positions
- 2
- Increased
- 15
- Decreased
- 25
- Closed
- 1
Put-notional exposure: 30.5% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +29.7% · S&P 500: +21.7%
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: 87.3% · Options excluded: 6.6%
Sector breakdown
Technology
21.2%
Communication Services
8.8%
Healthcare
6.6%
Retail
5.9%
Industrials
5.7%
Financial Services
4.4%
Materials
2.1%
Energy
1.5%
Consumer Staples
1.2%
Financials
0.9%
Consumer Discretionary
0.1%
Utilities
0.0%
Other/Unmapped
41.6%
Full portfolio 66 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SPY SPY | $181,465,110 | 30.47% | 243,000 | Put option | $83,914,110 | Up ×1 | |
| AMZN Amazon.com, Inc. - Common Stock | $34,607,683 | 5.81% | 145,203 | $4,735,933 | Up ×6 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $27,466,743 | 4.61% | 76,858 | $1,828,469 | Down ×1 | ||
| ASML ASML Holding N.V. - New York Registry Shares | $26,881,313 | 4.51% | 13,512 | $7,914,194 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $23,357,766 | 3.92% | 62,618 | $63,708 | Down ×1 | ||
| ADI Analog Devices, Inc. - Common Stock | $18,877,490 | 3.17% | 47,530 | $-5,501,578 | Down ×1 | ||
| TMO Thermo Fisher Scientific Inc Common Stock | $17,314,468 | 2.91% | 34,535 | $1,366,777 | Up ×2 | ||
| ENTG Entegris, Inc. - Common Stock | $17,260,085 | 2.90% | 95,964 | $4,778,246 | Down ×2 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $15,859,217 | 2.66% | 44,885 | $-751,124 | Down ×1 | ||
| AMAT Applied Materials, Inc. - Common Stock | $15,467,862 | 2.60% | 21,394 | $8,121,428 | Down ×3 | ||
| BACPRL | $15,252,211 | 2.56% | 12,158 | $685,390 | Down ×1 | ||
| DHR Danaher Corporation Common Stock | $13,154,358 | 2.21% | 69,059 | $-1,984,064 | Down ×1 | ||
| LIN Linde plc - Ordinary Shares | $12,535,515 | 2.10% | 24,156 | $552,996 | Down ×1 | ||
| TDG Transdigm Group Incorporated Common Stock | $10,328,638 | 1.73% | 7,754 | $1,445,210 | Up ×2 | ||
| V Visa Inc. | $10,051,851 | 1.69% | 29,298 | $1,239,439 | Up ×4 | ||
| RTX RTX Corporation Common Stock | $9,668,641 | 1.62% | 50,960 | $-1,376,813 | Down ×6 | ||
| BRKB | $9,319,764 | 1.56% | 18,625 | $674,996 | Up ×2 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $8,992,362 | 1.51% | 15,964 | $5,338,740 | Up ×2 | ||
| PHYS | $8,763,389 | 1.47% | 290,467 | $-680,201 | Up ×4 | ||
| SPGI S&P Global Inc. Common Stock | $8,758,126 | 1.47% | 21,505 | $-2,330,913 | Down ×1 | ||
| WMB Williams Companies, Inc. (The) Common Stock | $8,049,164 | 1.35% | 108,275 | $6,610 | Down ×1 | ||
| TDY Teledyne Technologies Incorporated Common Stock | $7,965,454 | 1.34% | 11,944 | $739,215 | |||
| TXN Texas Instruments Incorporated - Common Stock | $7,793,338 | 1.31% | 26,146 | $1,655,796 | Down ×3 | ||
| WFCPRL | $7,545,954 | 1.27% | 6,522 | $111,219 | Up ×3 | ||
| BDX Becton, Dickinson and Company Common Stock | $7,028,976 | 1.18% | 46,448 | $-258,320 | Up ×2 | ||
| Unknown issuer (CUSIP: 438516205) | $6,903,285 | 1.16% | 30,832 | Up ×1 | |||
| LRCX Lam Research Corporation - Common Stock | $6,835,347 | 1.15% | 15,774 | $2,140,382 | Down ×3 | ||
| Unknown issuer (CUSIP: 43849R105) | $6,813,907 | 1.14% | 30,821 | Up ×1 | |||
| SNPS Synopsys, Inc. - Common Stock | $6,385,938 | 1.07% | 14,316 | $919,668 | Up ×3 | ||
| BAC Bank of America Corporation Common Stock | $5,460,678 | 0.92% | 95,835 | $-99,162 | Down ×6 | ||
| ICE Intercontinental Exchange Inc. Common Stock | $4,619,703 | 0.78% | 37,525 | $-1,309,281 | Down ×1 | ||
| PM Philip Morris International Inc Common Stock | $4,523,474 | 0.76% | 25,004 | $163,624 | Down ×1 | ||
| FERG Ferguson Enterprises Inc. Common Stock | $4,360,939 | 0.73% | 18,375 | $60,791 | Down ×1 | ||
| IBIT iShares Bitcoin Trust ETF | $2,503,408 | 0.42% | 75,200 | $-385,776 | |||
| PEP PepsiCo, Inc. - Common Stock | $1,985,776 | 0.33% | 14,666 | $-291,707 | |||
| MKTW MarketWise, Inc. - Class A Common Stock | $1,646,917 | 0.28% | 92,316 | $-193,559 | Down ×2 | ||
| NVDA NVIDIA Corporation - Common Stock | $1,600,720 | 0.27% | 8,000 | $205,520 | |||
| BSX Boston Scientific Corporation Common Stock | $1,560,295 | 0.26% | 36,558 | $-736,857 | Down ×1 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $1,379,777 | 0.23% | 3,238 | $221,642 | |||
| BN Brookfield Corporation Class A Limited Voting Shares | $1,285,025 | 0.22% | 30,172 | $63,964 | |||
| RSP | $1,201,725 | 0.20% | 5,648 | $70,165 | Down ×1 | ||
| GDX GDX | $1,038,947 | 0.17% | 13,770 | $-224,726 | |||
| AAPL Apple Inc. - Common Stock | $1,012,471 | 0.17% | 3,499 | $124,460 | |||
| VEU | $1,010,193 | 0.17% | 12,062 | $104,337 | |||
| MOAT | $945,516 | 0.16% | 9,095 | $66,029 | |||
| SPGP | $820,566 | 0.14% | 6,710 | $98,436 | |||
| ETPRI | $819,512 | 0.14% | 71,510 | $24,653 | Up ×1 | ||
| EPD Enterprise Products Partners L.P. Common Stock | $816,403 | 0.14% | 22,209 | $-23,986 | |||
| SPY SPY | $787,096 | 0.13% | 1,054 | $101,638 | |||
| ASHR | $645,583 | 0.11% | 17,610 | $70,793 | |||
| IHI | $548,006 | 0.09% | 11,091 | $-43,699 | |||
| INDA | $503,580 | 0.08% | 10,196 | $25,999 | |||
| FMX Fomento Economico Mexicano S.A.B. de C.V. Common Stock | $491,776 | 0.08% | 3,845 | $52,534 | Down ×1 | ||
| HD Home Depot, Inc. (The) Common Stock | $435,560 | 0.07% | 1,235 | $29,381 | |||
| SGHC Super Group (SGHC) Limited Ordinary Shares | $406,920 | 0.07% | 30,031 | $82,585 | |||
| AVGO Broadcom Inc. - Common Stock | $377,750 | 0.06% | 1,000 | $68,240 | |||
| MARA MARA Holdings, Inc. - Common Stock | $347,250 | 0.06% | 25,000 | $143,250 | |||
| NOBL | $329,659 | 0.06% | 5,870 | $18,520 | Up ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $312,970 | 0.05% | 425 | $67,668 | |||
| NOC Northrop Grumman Corporation Common Stock | $308,133 | 0.05% | 605 | $-80,744 | Up ×1 | ||
| REGN Regeneron Pharmaceuticals, Inc. - Common Stock | $228,839 | 0.04% | 367 | $-54,720 | |||
| BIL | $218,378 | 0.04% | 2,383 | $-1,022,244 | Down ×1 | ||
| FE FirstEnergy Corp. Common Stock | $209,414 | 0.04% | 4,405 | $-22,609 | Down ×4 | ||
| SUIG Sui Group Holdings Limited - Common Stock | $37,190 | 0.01% | 32,060 | $-1,603 | |||
| GUTS Fractyl Health, Inc. - Common Stock | $32,570 | 0.01% | 41,000 | $13,800 | |||
| SBEV | $19,165 | 0.00% | 123,648 | $-5,982 | Up ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 438516205) | $6,903,285 | 30,832 | 1.16% |
| Unknown issuer (CUSIP: 43849R105) | $6,813,907 | 30,821 | 1.14% |
Top movers (QoQ)
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.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| HON | June 30, 2026 | 61,008 | $13,789,638 | 0.8% |
| ANSS | Sept. 30, 2025 | 18,465 | $6,485,277 | No longer tracked |
| DD | Dec. 31, 2025 | 27,246 | $2,122,463 | 246.8% |
| UNP | March 31, 2026 | 8,800 | $2,035,616 | 26.3% |
| ALC | March 31, 2026 | 15,811 | $1,246,065 | -1.5% |
| CP | Dec. 31, 2025 | 15,341 | $1,142,751 | 29.3% |
| AVTR | Sept. 30, 2025 | 77,586 | $1,044,308 | 12.2% |
| EL | Sept. 30, 2025 | 9,391 | $758,793 | 12.6% |
| ULXXXX | Dec. 31, 2025 | 12,280 | $727,958 | No longer tracked |
| ADBE | Sept. 30, 2025 | 1,733 | $670,463 | -23.2% |
| TPL | June 30, 2025 | 390 | $516,746 | 6.5% |
| GFL | June 30, 2025 | 10,075 | $486,723 | -17.9% |
| SYK | March 31, 2026 | 1,313 | $461,480 | 4.2% |
| CVX | June 30, 2025 | 2,650 | $443,319 | 44.6% |
| DEO | June 30, 2025 | 4,180 | $438,022 | -9.3% |
| VYMI | Dec. 31, 2025 | 4,640 | $392,915 | |
| BWXT | Sept. 30, 2025 | 2,700 | $388,962 | -12.0% |
| PDX | Sept. 30, 2025 | 14,971 | $369,035 | -12.4% |
| ADSK | Dec. 31, 2025 | 1,141 | $362,461 | -14.6% |
| TECK | June 30, 2025 | 9,700 | $353,371 | 61.6% |
| VIGI | Dec. 31, 2025 | 3,900 | $349,323 | |
| UL | March 31, 2026 | 5,222 | $341,519 | 10.6% |
| ROP | Sept. 30, 2025 | 500 | $283,420 | -18.7% |
| FCLD | Sept. 30, 2025 | 9,900 | $281,309 | No longer tracked |
| CVNA | March 31, 2026 | 664 | $280,221 | -78.6% |
| AME | June 30, 2025 | 1,625 | $279,728 | 37.1% |
| JPM | March 31, 2026 | 804 | $259,065 | 22.9% |
| VRSN | June 30, 2025 | 1,007 | $255,647 | -4.0% |
| LNG | March 31, 2026 | 1,230 | $239,100 | -4.1% |
| B | Dec. 31, 2025 | 7,150 | $234,306 | 3.2% |
| REGN | June 30, 2025 | 367 | $232,762 | 60.1% |
| AVGO | March 31, 2025 | 1,000 | $231,840 | 116.0% |
| COP | June 30, 2025 | 2,200 | $231,044 | 46.2% |
| DIS | March 31, 2025 | 2,009 | $223,702 | 7.8% |
| EMXC | June 30, 2025 | 3,960 | $218,156 | |
| ORCL | June 30, 2025 | 1,533 | $214,329 | -36.3% |
| EMLC | March 31, 2026 | 8,177 | $211,130 | No longer tracked |
| SPY | March 31, 2025 | 359 | $210,403 | No longer tracked |
| CSGP | March 31, 2026 | 3,000 | $201,720 | -17.7% |
| INDA | Sept. 30, 2025 | 3,606 | $200,782 | No longer tracked |
| FLUT | Sept. 30, 2025 | 700 | $200,032 | -61.9% |