— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

TRAN CAPITAL MANAGEMENT, L.P.

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

Q3 2025 · Filed 2025-10-23
Market Value
$837M
-1.5%
Holdings
74
+3
New Purchases
6
Added To
4
Closed
3
Reduced
35
Top 10 Concentration
56.8%
Turnover
12.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ATI 2.81% 0.00% +2.81% $24M
SPSC 1.84% 0.00% +1.84% $15M
MKL 1.90% 0.06% +1.83% $16M
BLDR 1.48% 0.05% +1.43% $12M
TLN 8.23% 6.97% +1.26% $69M
ELF 0.89% 0.00% +0.89% $7M
NVDA 7.98% 7.13% +0.85% $67M
FICO 2.90% 2.26% +0.64% $24M
GOOGL 2.66% 2.08% +0.57% $22M
TSM 4.13% 3.60% +0.53% $35M
EXPE 1.32% 1.04% +0.28% $11M
MLM 4.03% 3.77% +0.27% $34M
THC 0.89% 0.73% +0.15% $7M
AVTR 0.08% 0.00% +0.08% $691K
QXO 0.08% 0.00% +0.08% $686K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TMUS 0.30% 3.06% -2.76% $3M
GTLB 0.00% 2.16% -2.16% $0
ANTM 0.00% 1.69% -1.69% $0
GEV 2.57% 3.69% -1.12% $22M
SHW 0.23% 1.29% -1.06% $2M
META 4.50% 5.29% -0.79% $38M
INTU 3.10% 3.81% -0.71% $26M
CRM 2.26% 2.96% -0.70% $19M
FERG 4.54% 5.10% -0.57% $38M
PGR 0.82% 1.39% -0.57% $7M
AMZN 7.14% 7.55% -0.41% $60M
VEEV 2.96% 3.24% -0.29% $25M
PANW 4.27% 4.50% -0.24% $36M
NFLX 1.82% 2.05% -0.23% $15M
ACN 0.20% 0.42% -0.22% $2M

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 $333M 39.8%
Large Cap 47 $467M 55.8%
Mid Cap 6 $21M 2.5%
Small Cap 1 $15M 1.8%

Portfolio Analytics

Avg Market Cap
$478.8B
Median Market Cap
$65.2B
Avg P/E
39.2
Median P/E
28.0
Avg Dividend Yield
0.01%
Avg Beta
1.09
# Stocks
63
# ETFs / Funds
11

Top Holdings (74 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TLN 8.23% 161,812 $69M $425.38 $10M -41,748 -20.5%
2 NVDA 7.98% 357,684 $67M $186.58 $6M -25,607 -6.7%
3 MSFT 7.69% 124,244 $64M $517.95 -$2M -8,346 -6.3%
4 AMZN 7.14% 271,914 $60M $219.57 -$4M -20,371 -7.0%
5 FERG 4.54% 168,969 $38M $224.58 -$5M -30,205 -15.2%
6 META 4.50% 51,208 $38M $734.38 -$7M -9,644 -15.8%
7 PANW 4.27% 175,264 $36M $203.62 -$3M -11,662 -6.2%
8 DHR 4.26% 179,804 $36M $198.26 -$342K -2,384 -1.3%
9 TSM 4.13% 123,697 $35M $279.29 $4M -11,229 -8.3%
10 MLM 4.03% 53,534 $34M $630.28 $2M -4,775 -8.2%
11 INTU 3.10% 37,981 $26M $682.91 -$6M -3,121 -7.6%
12 VEEV 2.96% 83,047 $25M $297.91 -$3M -12,668 -13.2%
13 FICO 2.90% 16,222 $24M $1,496.55 $5M +5,731 +54.6%
14 ATI 2.81% 289,414 $24M $81.34 +289,414 NEW
15 CSGP 2.68% 265,590 $22M $84.37 -$596K -20,530 -7.2%
16 GOOGL 2.66% 91,374 $22M $243.10 $5M -8,961 -8.9%
17 GEV 2.57% 35,014 $22M $614.90 -$10M -24,215 -40.9%
18 CRM 2.26% 79,676 $19M $237.00 -$6M -12,458 -13.5%
19 MKL 1.90% 8,298 $16M $1,911.36 $15M +8,027 +2962.0%
20 SCHW 1.84% 161,258 $15M $95.47 $292K -4,277 -2.6%
21 SPSC 1.84% 147,591 $15M $104.14 +147,591 NEW
22 NFLX 1.82% 12,710 $15M $1,198.92 -$2M -278 -2.1%
23 BLDR 1.48% 102,154 $12M $121.25 $12M +98,783 +2930.4%
24 COF 1.46% 57,297 $12M $212.58 -$932K -4,330 -7.0%
25 EXPE 1.32% 51,634 $11M $213.75 $2M -898 -1.7%
26 AER 1.09% 75,435 $9M $121.00 $199K -880 -1.1%
27 NKE 1.05% 126,324 $9M $69.73 -$244K -1,110 -0.9%
28 APD 0.92% 28,278 $8M $272.72 -$444K -637 -2.2%
29 ELF 0.89% 56,132 $7M $132.48 +56,132 NEW
30 THC 0.89% 36,472 $7M $203.04 $1M +1,034 +2.9%
31 PGR 0.82% 27,930 $7M $246.95 -$5M -16,397 -37.0%
32 TMUS 0.30% 10,492 $3M $239.38 -$23M -98,634 -90.4%
33 AAPL 0.27% 8,770 $2M $254.62 $338K -464 -5.0%
34 SHW 0.23% 5,550 $2M $346.26 -$9M -26,246 -82.5%
35 EXR 0.20% 11,910 $2M $140.94 -$77K
36 ACN 0.20% 6,708 $2M $246.60 -$2M -5,241 -43.9%
37 GGG 0.20% 19,350 $2M $84.96 -$356K -3,919 -16.8%
38 TSLA 0.17% 3,164 $1M $444.72 $402K
39 SPY 0.14% 1,813 $1M $666.18 $88K
40 NTAP 0.14% 10,169 $1M $118.46 $121K
41 ADP 0.14% 3,927 $1M $293.50 -$59K
42 KEYS 0.13% 6,368 $1M $174.92 -$203K -1,670 -20.8%
43 LHX 0.13% 3,532 $1M $305.41 $193K
44 PAYX 0.12% 7,887 $1000K $126.76 -$147K
45 AFL 0.11% 8,000 $894K $111.70 $50K
46 LLY 0.10% 1,126 $859K $763.00 -$19K
47 LPLA 0.10% 2,554 $850K $332.69 -$108K
48 ENTG 0.10% 9,140 $845K $92.46 $101K -90 -1.0%
49 TXN 0.08% 3,776 $694K $183.73 -$90K
50 AVTR 0.08% 55,400 $691K $12.48 +55,400 NEW
51 QXO 0.08% 36,000 $686K $19.06 +36,000 NEW
52 EEM 0.08% 12,475 $666K $53.40 $22K -884 -6.6%
53 DIS 0.08% 5,787 $663K $114.50 -$55K
54 AMD 0.07% 3,874 $627K $161.79 $77K
55 CSCO 0.07% 8,500 $582K $68.42 -$8K
56 IWM 0.06% 2,090 $506K $241.96 $54K -1 -0.1%
57 SCHP 0.06% 18,283 $493K $26.95 $5K
58 SCHR 0.06% 19,325 $486K $25.13 $2K
59 RSP 0.06% 2,560 $486K $189.70 $20K
60 IEFA 0.05% 4,740 $414K $87.31 -$42K -725 -13.3%
61 VMBS 0.05% 8,506 $399K $46.96 $5K
62 IEF 0.04% 3,450 $333K $96.46 $2K
63 BF-B 0.04% 11,575 $313K $27.08 $2K
64 HD 0.04% 771 $312K $405.19 $30K
65 AHR 0.04% 7,350 $309K $42.01 $39K
66 JNJ 0.04% 1,600 $297K $185.42 $52K
67 SGOV 0.03% 2,500 $252K $100.70 +2,500 NEW
68 BRK-B 0.03% 500 $251K $502.74 $8K
69 JPM 0.03% 754 $238K $315.62 $6K -47 -5.9%
70 PFF 0.03% 7,115 $225K $31.62 $7K
71 TECH 0.03% 4,000 $223K $55.63 $17K
72 SQ —% -$460K -6,768 -100.0% SOLD
73 ANTM —% -$14M -36,817 -100.0% SOLD
74 GTLB —% -$18M -406,252 -100.0% SOLD

New Positions

SymbolValue% Port
ATI $24M 2.81%
SPSC $15M 1.84%
ELF $7M 0.89%
AVTR $691K 0.08%
QXO $686K 0.08%
SGOV $252K 0.03%

Sold Out Positions

SymbolValue% Port
GTLB —%
SQ —%
ANTM —%
View SEC EDGAR Filings for TRAN CAPITAL MANAGEMENT, L.P. →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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