Tran Capital Management portfolio
Concentrated managerInvestment firmPortfolio as of Sep 30, 2026 (Q3 2026) · filed with the SEC on Oct 19, 2026 · data updated on Nov 5, 2026 · Q3 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Tran Capital Management reported a $873M portfolio of 66 companies (67 positions, counting each share class separately) to the SEC as of the end of Q3 2026. Its largest positions are ARM, NVDA, PANW. During the quarter it opened Veeva Systems and West Pharmaceutical Services and exited BWX Technologies and QXO.
Sections with a free account
What changed this quarter
44 positions with a change (6 new, 6 added to, 27 trimmed, 5 sold). 10 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Palo Alto Networks−38%fewer sharesReduced8.0% → 5.7%
- Texas Pacific Land+329%more sharesIncreased0.7% → 2.3%
- BWX Technologies−1.8 ppof portfolioSold out1.8% → —
- Veeva Systems+1.7 ppof portfolioNew— → 1.7%
- Talen Energy+47%more sharesIncreased4.0% → 4.7%
- West Pharmaceutical Services+1.2 ppof portfolioNew— → 1.2%
- Alcon−94%fewer sharesReduced1.1% → 0.1%
- QXO−0.8 ppof portfolioSold out0.8% → —
- CF Industries Holdings−40%fewer sharesReduced1.5% → 1.0%
- WESCO International−30%fewer sharesReduced1.7% → 1.3%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- ARM HoldingsARM7.9%
- NVIDIANVDA7.5%
- Palo Alto NetworksPANW5.7%
- Phillips 66PSX5.5%
- MicrosoftMSFT5.4%
- Amazon.comAMZN5.0%
- Talen EnergyTLN4.7%
- DanaherDHR4.6%
- AlphabetGOOGL · GOOG4.3%
- Ferguson EnterprisesFERG3.8%
- Taiwan Semiconductor ManufacturingTSM3.5%
- Meta PlatformsMETA3.4%
- GE VernovaGEV3.2%
- International Flavors & FragrancesIFF3.1%
- Tyler TechnologiesTYL2.8%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Information Technology 36%
- ● Industrials 12%
- ● Communication Services 9%
- ● Health Care 9%
- ● Materials 9%
- ● Energy 8%
- ● Consumer Discretionary 7%
- ● Utilities 5%
- ● Financials 3%
- ● No sector 2%
- ● Real Estate 1%
How its portfolio changed (8 quarters)
Q3 2026: 67
Q3 2026: 54%
Q3 2026: 8.4%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Feb 23, 2026 (medium confidence).
The data, as reported: TRAN CAPITAL MANAGEMENT, L.P. (CRD 107049): 5.D assets by client type: high net worth 39%, individuals 23%, charities 19%, corporations 14% (of $890M); 5.F 348 accounts, 2% non-discretionary; 5.D 348 clients, 293 individuals; no financial planning, adviser selection or non-discretionary assets: discretionary accounts
The type comes from a rule applied to that data. If it looks wrong, tell us.
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