Institutional Manager · CIK 0001766907
Act Two Investors LLC
SANTA CRUZ, CA · File #028-19219
Latest AUM
$555.9M
Positions
38
Top-10 Concentration
72.6%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | ALEXANDRIA REAL ESTATE EQ IN | 015271109 | -275,290 | -$22.9M | $0 |
| EXITED | FISERV INC | 337738108 | -156,060 | -$20.1M | $0 |
| NEW | DISNEY WALT CO | 254687106 | +169,355 | +$19.3M | $0 |
| ADD | NETFLIX INC | NFLX | +71,074 | +$6.7M | -$309,445 |
| REDUCE | SLM CORP | SLMBP | -174,068 | -$4.7M | -$131,180 |
| ADD | CANADIAN NATL RY CO | 136375102 | +38,688 | +$3.8M | +$490,021 |
| REDUCE | NXP SEMICONDUCTORS N V | NXPI | -12,861 | -$2.8M | -$187,419 |
| REDUCE | SCHWAB STRATEGIC TR | 808524862 | -105,549 | -$2.6M | -$11,748 |
| ADD | ADOBE INC | ADBE | +5,406 | +$1.9M | -$119,213 |
| REDUCE | MICROSOFT CORP | MSFT | -3,903 | -$1.9M | -$5.1M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202538 pos · $555.9M
- 13F HOLDINGS REPORTQ/E Sep 202539 pos · $564.2M
- 13F HOLDINGS REPORTQ/E Jun 202537 pos · $489.9M
- 13F HOLDINGS REPORTQ/E Mar 202541 pos · $471.8M
- 13F HOLDINGS REPORTQ/E Dec 202446 pos · $513.5M
- 13F HOLDINGS REPORTQ/E Sep 202445 pos · $530.1M
- 13F HOLDINGS REPORTQ/E Jun 202449 pos · $505.2M
- 13F HOLDINGS REPORTQ/E Mar 202448 pos · $497.9M
- 13F HOLDINGS REPORTQ/E Dec 202336 pos · $373.8M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ALPHABET INC | GOOG | 254,199 | $79.8M | 14.35% |
| 2 | MICROSOFT CORP | MSFT | 145,970 | $70.6M | 12.70% |
| 3 | AMAZON COM INC | AMZN | 181,545 | $41.9M | 7.54% |
| 4 | IQVIA HLDGS INC | IQV | 164,754 | $37.1M | 6.68% |
| 5 | VISA INC | V | 102,647 | $36.0M | 6.48% |
| 6 | ASTRAZENECA PLC | AZN | 351,775 | $32.3M | 5.82% |
| 7 | T-MOBILE US INC | TMUSZ | 157,109 | $31.9M | 5.74% |
| 8 | EVERSOURCE ENERGY | ES | 425,104 | $28.6M | 5.15% |
| 9 | ISHARES TR | 464287440 | 239,751 | $23.1M | 4.15% |
| 10 | APPLE INC | AAPL | 82,079 | $22.3M | 4.01% |
| 11 | NVIDIA CORPORATION | NVDA | 103,915 | $19.4M | 3.49% |
| 12 | DISNEY WALT CO | 254687106 | 169,355 | $19.3M | 3.47% |
| 13 | ADOBE INC | ADBE | 48,599 | $17.0M | 3.06% |
| 14 | CANADIAN NATL RY CO | 136375102 | 146,385 | $14.5M | 2.60% |
| 15 | SCHWAB STRATEGIC TR | 808524854 | 368,270 | $9.2M | 1.66% |
| 16 | JPMORGAN CHASE & CO. | VYLD | 28,287 | $9.1M | 1.64% |
| 17 | ELI LILLY & CO | LLY | 8,440 | $9.1M | 1.63% |
| 18 | MCKESSON CORP | MCK | 8,920 | $7.3M | 1.32% |
| 19 | SCHWAB STRATEGIC TR | 808524862 | 286,062 | $7.0M | 1.25% |
| 20 | NETFLIX INC | NFLX | 71,354 | $6.7M | 1.20% |