Institutional Manager · CIK 0002053350
Fjell Capital, LLC
FARGO, ND · File #028-24750
Latest AUM
$130.4M
Positions
66
Top-10 Concentration
50.4%
Filings
5
Portfolio Value Over Time
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 |
|---|---|---|---|---|---|
| ADD | NVIDIA CORPORATION | NVDA | +11,359 | +$2.1M | -$2,022 |
| ADD | APPLE INC | AAPL | +4,525 | +$1.2M | +$246,030 |
| NEW | VANGUARD INDEX FDS | 922908363 | +1,736 | +$1.1M | $0 |
| ADD | ALPHABET INC | GOOG | +3,274 | +$1.0M | +$1.1M |
| ADD | MICROSOFT CORP | MSFT | +1,923 | +$930,037 | -$314,899 |
| EXITED | CHIPOTLE MEXICAN GRILL INC | 169656105 | -22,932 | -$898,705 | $0 |
| ADD | AMAZON COM INC | AMZN | +3,314 | +$764,937 | +$167,895 |
| ADD | BROADCOM INC | AVGO | +2,161 | +$747,934 | +$224,133 |
| ADD | VICTORY PORTFOLIOS II | 92647N527 | +15,788 | +$747,637 | -$23,830 |
| ADD | SELECT SECTOR SPDR TR | 81369Y803 | +4,039 | +$581,508 | -$581,780 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202566 pos · $130.4M
- 13F HOLDINGS REPORTQ/E Sep 202558 pos · $113.6M
- 13F HOLDINGS REPORTQ/E Jun 202553 pos · $107.9M
- 13F HOLDINGS REPORTQ/E Mar 202551 pos · $98.6M
- 13F HOLDINGS REPORTQ/E Dec 202454 pos · $96.8M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | DAVIS FUNDAMENTAL ETF TR | 23908L306 | 255,535 | $11.9M | 9.45% |
| 2 | VICTORY PORTFOLIOS II | 92647N527 | 159,840 | $7.6M | 6.00% |
| 3 | NVIDIA CORPORATION | NVDA | 36,622 | $6.8M | 5.42% |
| 4 | SPDR SERIES TRUST | 78468R663 | 65,286 | $6.0M | 4.73% |
| 5 | ALPHABET INC | GOOG | 18,304 | $5.7M | 4.54% |
| 6 | BROADCOM INC | AVGO | 15,993 | $5.5M | 4.39% |
| 7 | MICROSOFT CORP | MSFT | 11,100 | $5.4M | 4.26% |
| 8 | APPLE INC | AAPL | 18,799 | $5.1M | 4.05% |
| 9 | ISHARES TR | 464288620 | 93,318 | $4.8M | 3.83% |
| 10 | INVESCO ACTIVELY MANAGED EXC | IVZ | 99,036 | $4.7M | 3.73% |
| 11 | VANGUARD INDEX FDS | 922908629 | 14,590 | $4.2M | 3.36% |
| 12 | AMAZON COM INC | AMZN | 18,238 | $4.2M | 3.34% |
| 13 | VANGUARD INDEX FDS | 922908736 | 6,530 | $3.2M | 2.53% |
| 14 | 2023 ETF SERIES TRUST | 900934209 | 79,107 | $3.2M | 2.52% |
| 15 | PGIM ETF TR | 69344A784 | 59,842 | $3.0M | 2.39% |
| 16 | COSTCO WHSL CORP NEW | 22160K105 | 3,060 | $2.6M | 2.09% |
| 17 | CAPITAL GROUP GROWTH ETF | 14020G101 | 58,831 | $2.6M | 2.08% |
| 18 | KLA CORP | KLAC | 2,079 | $2.5M | 2.00% |
| 19 | META PLATFORMS INC | META | 3,590 | $2.4M | 1.88% |
| 20 | VANGUARD INDEX FDS | 922908744 | 11,668 | $2.2M | 1.77% |