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Asset Manager ← All Institutions

TRAN CAPITAL MANAGEMENT, L.P.

1000 4TH STREET SUITE 800, SAN RAFAEL, CA 94901 • 4154613800

Q2 2025 · Filed 2025-07-14
Market Value
$850M
+14.3%
Holdings
71
+4
New Purchases
6
Added To
9
Closed
3
Reduced
28
Top 10 Concentration
56.1%
Turnover
12.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FICO 2.26% 0.30% +1.95% $19M
ANTM 1.69% 0.00% +1.69% $14M
GEV 3.69% 2.13% +1.56% $31M
COF 1.54% 0.00% +1.54% $13M
NVDA 7.13% 5.71% +1.42% $61M
NFLX 2.05% 0.77% +1.28% $17M
MSFT 7.76% 6.80% +0.96% $66M
FERG 5.10% 4.36% +0.74% $43M
THC 0.73% 0.00% +0.73% $6M
META 5.29% 4.79% +0.49% $45M
INTU 3.81% 3.42% +0.39% $32M
VEEV 3.24% 3.00% +0.24% $28M
NKE 1.07% 0.85% +0.21% $9M
MLM 3.77% 3.58% +0.19% $32M
GTLB 2.16% 2.00% +0.16% $18M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BLDR 0.05% 2.45% -2.40% $393K
JEF 0.00% 1.99% -1.99% $0
ELF 0.00% 1.53% -1.53% $0
IQV 0.00% 1.48% -1.48% $0
ENTG 0.09% 1.31% -1.22% $744K
DHR 4.24% 5.25% -1.02% $36M
TMUS 3.06% 3.96% -0.90% $26M
TSM 3.60% 4.22% -0.62% $31M
EXPE 1.04% 1.45% -0.40% $9M
CRM 2.96% 3.36% -0.40% $25M
CSGP 2.71% 3.08% -0.37% $23M
PGR 1.39% 1.71% -0.31% $12M
SHW 1.29% 1.52% -0.23% $11M
APD 0.96% 1.18% -0.22% $8M
TLN 6.97% 7.17% -0.20% $59M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 33.2%
Industrials 14.0%
Communication Services 12.5%
Basic Materials 8.3%
Utilities 8.1%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 20 $366M 43.1%
Large Cap 46 $464M 54.6%
Mid Cap 5 $19M 2.3%

Portfolio Analytics

Avg Market Cap
$497.8B
Median Market Cap
$66.0B
Avg P/E
38.6
Median P/E
27.6
Avg Dividend Yield
0.01%
Avg Beta
1.10
# Stocks
61
# ETFs / Funds
10

Top Holdings (71 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 7.76% 132,590 $66M $497.41 $15M -2,049 -1.5%
2 AMZN 7.55% 292,285 $64M $219.39 $8M -4,672 -1.6%
3 NVDA 7.13% 383,291 $61M $157.99 $18M -8,484 -2.2%
4 TLN 6.97% 203,560 $59M $290.77 $6M -63,370 -23.7%
5 META 5.29% 60,852 $45M $738.09 $9M -945 -1.5%
6 FERG 5.10% 199,174 $43M $217.75 $11M -3,115 -1.5%
7 PANW 4.50% 186,926 $38M $204.64 $6M -2,474 -1.3%
8 DHR 4.24% 182,188 $36M $197.54 -$3M -8,331 -4.4%
9 INTU 3.81% 41,102 $32M $787.63 $7M -346 -0.8%
10 MLM 3.77% 58,309 $32M $548.96 $5M +2,693 +4.8%
11 GEV 3.69% 59,229 $31M $529.15 $15M +7,304 +14.1%
12 TSM 3.60% 134,926 $31M $226.49 -$772K -53,818 -28.5%
13 VEEV 3.24% 95,715 $28M $287.98 $5M -543 -0.6%
14 TMUS 3.06% 109,126 $26M $238.26 -$3M -1,309 -1.2%
15 CRM 2.96% 92,134 $25M $272.69 $180K -816 -0.9%
16 CSGP 2.71% 286,120 $23M $80.40 $126K -2,640 -0.9%
17 FICO 2.26% 10,491 $19M $1,828.00 $17M +9,262 +753.6%
18 GTLB 2.16% 406,252 $18M $45.11 $3M +89,717 +28.3%
19 GOOGL 2.08% 100,335 $18M $176.23 $2M -1,728 -1.7%
20 NFLX 2.05% 12,988 $17M $1,339.13 $12M +6,862 +112.0%
21 SCHW 1.78% 165,535 $15M $91.24 $1M -12,887 -7.2%
22 ANTM 1.69% 36,817 $14M $388.96 +36,817 NEW
23 COF 1.54% 61,627 $13M $212.76 +61,627 NEW
24 PGR 1.39% 44,327 $12M $266.86 -$849K -471 -1.1%
25 SHW 1.29% 31,796 $11M $343.36 -$363K -510 -1.6%
26 NKE 1.07% 127,434 $9M $71.04 $3M +27,632 +27.7%
27 AER 1.05% 76,315 $9M $117.00 $1M -700 -0.9%
28 EXPE 1.04% 52,532 $9M $168.68 -$2M -11,376 -17.8%
29 APD 0.96% 28,915 $8M $282.06 -$604K -786 -2.6%
30 THC 0.73% 35,438 $6M $176.00 +35,438 NEW
31 ACN 0.42% 11,949 $4M $298.89 -$303K -469 -3.8%
32 GGG 0.24% 23,269 $2M $85.97 -$239K -3,550 -13.2%
33 AAPL 0.22% 9,234 $2M $205.18 -$165K -36 -0.4%
34 EXR 0.21% 11,910 $2M $147.44 -$13K
35 KEYS 0.16% 8,038 $1M $163.86 -$4K -785 -8.9%
36 ADP 0.14% 3,927 $1M $308.40 $11K
37 PAYX 0.14% 7,887 $1M $145.46 -$70K
38 SPY 0.13% 1,813 $1M $617.85 $106K
39 NTAP 0.13% 10,169 $1M $106.55 $190K
40 TSLA 0.12% 3,164 $1M $317.66 $185K
41 LPLA 0.11% 2,554 $958K $374.97 +2,554 NEW
42 LHX 0.10% 3,532 $886K $250.84 $147K
43 LLY 0.10% 1,126 $878K $779.53 -$52K
44 AFL 0.10% 8,000 $844K $105.46 -$46K
45 TXN 0.09% 3,776 $784K $207.62 $105K
46 ENTG 0.09% 9,230 $744K $80.65 -$9M -102,037 -91.7%
47 DIS 0.08% 5,787 $718K $124.01 $146K
48 EEM 0.08% 13,359 $644K $48.24 $99K +884 +7.1%
49 CSCO 0.07% 8,500 $590K $69.38 $65K
50 AMD 0.06% 3,874 $550K $141.90 $141K -100 -2.5%
51 MKL 0.06% 271 $541K $1,997.36 +271 NEW
52 SCHP 0.06% 18,283 $488K $26.68 -$4K
53 SCHR 0.06% 19,325 $484K $25.03 $3K
54 RSP 0.05% 2,560 $465K $181.74 $22K
55 SQ 0.05% 6,768 $460K $67.93 $92K
56 IEFA 0.05% 5,465 $456K $83.48 $98K +725 +15.3%
57 IWM 0.05% 2,091 $451K $215.79 $34K +1 +0.1%
58 VMBS 0.05% 8,506 $394K $46.34 $255
59 BLDR 0.05% 3,371 $393K $116.69 -$18M -142,348 -97.7%
60 IEF 0.04% 3,450 $330K $95.77 $1K
61 BF-B 0.04% 11,575 $311K $26.91 -$81K
62 HD 0.03% 771 $283K $366.64 $115
63 AHR 0.03% 7,350 $270K $36.74 $47K
64 JNJ 0.03% 1,600 $244K $152.75 -$21K
65 BRK-B 0.03% 500 $243K $485.77 -$23K
66 JPM 0.03% 801 $232K $290.05 +801 NEW
67 PFF 0.03% 7,115 $218K $30.68 -$356
68 TECH 0.02% 4,000 $206K $51.45 -$29K
69 JEF —% -$15M -276,532 -100.0% SOLD
70 ELF —% -$11M -181,494 -100.0% SOLD
71 IQV —% -$11M -62,436 -100.0% SOLD

New Positions

SymbolValue% Port
ANTM $14M 1.69%
COF $13M 1.54%
THC $6M 0.73%
LPLA $958K 0.11%
MKL $541K 0.06%
JPM $232K 0.03%

Sold Out Positions

SymbolValue% Port
IQV —%
ELF —%
JEF —%
View SEC EDGAR Filings for TRAN CAPITAL MANAGEMENT, L.P. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms