Whetstone Capital Advisors portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 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.
Whetstone Capital Advisors reported a $377M portfolio of 66 companies (67 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are DAVE, NET, GOOG. During the quarter it opened Fermi and Sea and exited Backblaze and Open Lending.
Sections with a free account
What changed this quarter
47 positions with a change (22 new, 6 added to, 10 trimmed, 9 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Fermi+3.2 ppof portfolioNew— → 3.2%
- Sea+2.2 ppof portfolioNew— → 2.2%
- Repay Holdings−72%fewer sharesReduced2.6% → 0.9%
- Better Home & Finance Holding+1.9 ppof portfolioNew— → 1.9%
- Figure Technology Solutions+1.8 ppof portfolioNew— → 1.8%
- Oracle+1.6 ppof portfolioNew— → 1.6%
- Amazon.com−26%fewer sharesReduced7.3% → 4.4%
- Health Catalyst−96%fewer sharesReduced2.0% → 0.1%
- Backblaze−1.4 ppof portfolioSold out2.0% → —
- Open Lending−1.3 ppof portfolioSold out1.8% → —
- Real Brokerage−1.1 ppof portfolioSold out1.6% → —
- Phreesia−34%fewer sharesReduced3.0% → 1.7%
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
- DaveDAVE22.0%
- CloudflareNET19.0%
- AlphabetGOOG · GOOGL10.9%
- Amazon.comAMZN4.4%
- FermiFRMI3.2%
- Klarna GroupKLAR2.7%
- BlockXYZ2.5%
- ToastTOST2.5%
- Exzeo GroupXZO2.4%
- OptimizeRxOPRX2.3%
- SeaSE2.2%
- eToro GroupETOR2.0%
- Better Home & Finance HoldingBETR1.9%
- Figure Technology SolutionsFIGR1.8%
- Coinbase GlobalCOIN1.8%
“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
- ● Financials 43%
- ● Information Technology 29%
- ● Communication Services 11%
- ● Consumer Discretionary 7%
- ● Industrials 5%
- ● Real Estate 3%
- ● Health Care 2%
How its portfolio changed (8 quarters)
Q2 2026: 67
Q2 2026: 72%
Q2 2026: 15.2%
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.
Declared options (1)
Besides stocks, Whetstone Capital Advisors declared 1 call (they gain if it rises) with a notional of $3.0M. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- CALLHealth CatalystHCAT$3.0M
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 Mar 13, 2026 (high confidence).
The data, as reported: WHETSTONE CAPITAL ADVISORS (CRD 155414): 7.B private funds: 3 hedge (gross assets $415M); 5.D assets by client type: pooled vehicles 100% (of $415M) · 13F: 45% of the portfolio was already held when the stock started trading
The type comes from a rule applied to that data. If it looks wrong, tell us.
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