— Know what they know.
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Asset Manager ← All Institutions

TRAN CAPITAL MANAGEMENT, L.P.

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

Q4 2025 · Filed 2026-01-20
Market Value
$835M
-0.2%
Holdings
78
+4
New Purchases
7
Added To
18
Closed
5
Reduced
26
Top 10 Concentration
55.6%
Turnover
15.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IFF 2.63% 0.00% +2.63% $22M
ARM 2.48% 0.00% +2.48% $21M
ATI 4.84% 2.81% +2.03% $40M
GOOGL 4.12% 2.66% +1.47% $34M
FICO 3.90% 2.90% +1.00% $33M
DHR 5.00% 4.26% +0.74% $42M
NFLX 2.35% 1.82% +0.53% $20M
TSM 4.49% 4.13% +0.36% $37M
RWT 0.35% 0.00% +0.35% $3M
PFF 0.33% 0.03% +0.30% $3M
EXPE 1.61% 1.32% +0.29% $13M
VMBS 0.33% 0.05% +0.28% $3M
SCHR 0.33% 0.06% +0.28% $3M
SCHP 0.32% 0.06% +0.26% $3M
AER 1.28% 1.09% +0.19% $11M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MKL 0.06% 1.90% -1.84% $477K
SPSC 0.00% 1.84% -1.84% $0
VEEV 1.23% 2.96% -1.73% $10M
BLDR 0.00% 1.48% -1.48% $0
TLN 7.19% 8.23% -1.04% $60M
APD 0.00% 0.92% -0.92% $0
CSGP 1.88% 2.68% -0.80% $16M
MSFT 6.96% 7.69% -0.73% $58M
NVDA 7.30% 7.98% -0.68% $61M
COF 0.81% 1.46% -0.65% $7M
META 4.02% 4.50% -0.47% $34M
PANW 3.86% 4.27% -0.40% $32M
NKE 0.81% 1.05% -0.24% $7M
ELF 0.66% 0.89% -0.23% $6M
ACN 0.00% 0.20% -0.20% $0

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 21 $360M 43.2%
Large Cap 50 $465M 55.7%
Mid Cap 5 $7M 0.8%
Small Cap 2 $3M 0.4%

Portfolio Analytics

Avg Market Cap
$460.3B
Median Market Cap
$65.2B
Avg P/E
46.0
Median P/E
28.4
Avg Dividend Yield
0.01%
Avg Beta
1.14
# Stocks
67
# ETFs / Funds
11

Top Holdings (78 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 7.30% 326,827 $61M $186.50 -$6M -30,857 -8.6%
2 TLN 7.19% 160,045 $60M $374.84 -$9M -1,767 -1.1%
3 AMZN 7.13% 257,804 $60M $230.82 -$198K -14,110 -5.2%
4 MSFT 6.96% 120,170 $58M $483.62 -$6M -4,074 -3.3%
5 DHR 5.00% 182,224 $42M $228.92 $6M +2,420 +1.4%
6 ATI 4.84% 352,322 $40M $114.76 $17M +62,908 +21.7%
7 TSM 4.49% 123,387 $37M $303.89 $3M -310 -0.2%
8 FERG 4.48% 168,110 $37M $222.63 -$521K -859 -0.5%
9 GOOGL 4.12% 109,996 $34M $313.00 $12M +18,622 +20.4%
10 MLM 4.04% 54,153 $34M $622.66 -$23K +619 +1.2%
11 META 4.02% 50,888 $34M $660.09 -$4M -320 -0.6%
12 FICO 3.90% 19,283 $33M $1,690.64 $8M +3,061 +18.9%
13 PANW 3.86% 175,133 $32M $184.20 -$3M -131 -0.1%
14 INTU 3.01% 37,976 $25M $662.42 -$782K -5 -0.0%
15 GEV 2.76% 35,198 $23M $653.57 $1M +184 +0.5%
16 IFF 2.63% 325,326 $22M $67.39 +325,326 NEW
17 ARM 2.48% 189,496 $21M $109.31 +189,496 NEW
18 NFLX 2.35% 209,059 $20M $93.76 $4M +196,349 +1544.8%
19 CRM 2.33% 73,388 $19M $264.91 $558K -6,288 -7.9%
20 CSGP 1.88% 233,303 $16M $67.24 -$7M -32,287 -12.2%
21 SCHW 1.78% 148,984 $15M $99.91 -$510K -12,274 -7.6%
22 EXPE 1.61% 47,347 $13M $283.31 $2M -4,287 -8.3%
23 AER 1.28% 74,360 $11M $143.76 $2M -1,075 -1.4%
24 VEEV 1.23% 46,069 $10M $223.23 -$14M -36,978 -44.5%
25 THC 0.82% 34,364 $7M $198.72 -$576K -2,108 -5.8%
26 NKE 0.81% 106,554 $7M $63.71 -$2M -19,770 -15.7%
27 COF 0.81% 27,864 $7M $242.36 -$5M -29,433 -51.4%
28 PGR 0.76% 27,930 $6M $227.72 -$537K
29 ELF 0.66% 72,515 $6M $76.04 -$2M +16,383 +29.2%
30 RWT 0.35% 532,982 $3M $5.53 +532,982 NEW
31 SCHR 0.33% 111,105 $3M $25.08 $2M +91,780 +474.9%
32 PFF 0.33% 88,563 $3M $30.96 $3M +81,448 +1144.7%
33 VMBS 0.33% 57,746 $3M $47.08 $2M +49,240 +578.9%
34 SCHP 0.32% 101,895 $3M $26.49 $2M +83,612 +457.3%
35 SPY 0.31% 3,797 $3M $681.92 $1M +1,984 +109.4%
36 AAPL 0.29% 8,898 $2M $271.85 $186K +128 +1.5%
37 TMUS 0.25% 10,345 $2M $203.04 -$411K -147 -1.4%
38 SHW 0.22% 5,550 $2M $324.03 -$123K
39 EXR 0.19% 11,910 $2M $130.22 -$128K
40 GGG 0.18% 18,825 $2M $81.97 -$101K -525 -2.7%
41 TSLA 0.17% 3,164 $1M $449.72 $16K
42 KEYS 0.15% 6,168 $1M $203.19 $139K -200 -3.1%
43 LLY 0.14% 1,126 $1M $1,074.68 $351K
44 NTAP 0.13% 10,169 $1M $107.09 -$116K
45 LHX 0.12% 3,532 $1M $293.57 -$42K
46 ADP 0.12% 3,927 $1M $257.23 -$142K
47 PAYX 0.11% 7,887 $885K $112.18 -$115K
48 AFL 0.11% 8,000 $882K $110.27 -$11K
49 AMD 0.10% 3,874 $830K $214.16 $203K
50 BWXT 0.09% 4,507 $779K $172.84 +4,507 NEW
51 EEM 0.08% 12,475 $683K $54.71 $16K
52 LPLA 0.08% 1,849 $660K $357.17 -$189K -705 -27.6%
53 TXN 0.08% 3,776 $655K $173.49 -$39K
54 CSCO 0.08% 8,500 $655K $77.03 $73K
55 ENTG 0.07% 7,168 $604K $84.25 -$241K -1,972 -21.6%
56 IWM 0.06% 2,159 $531K $246.16 $26K +69 +3.3%
57 AVTR 0.06% 43,508 $499K $11.46 -$193K -11,892 -21.5%
58 RSP 0.06% 2,560 $490K $191.56 $5K
59 MKL 0.06% 222 $477K $2,149.65 -$15M -8,076 -97.3%
60 IEFA 0.05% 4,855 $434K $89.46 $20K +115 +2.4%
61 AHR 0.04% 7,350 $346K $47.06 $37K
62 IEF 0.04% 3,450 $332K $96.16 -$1K
63 JNJ 0.04% 1,600 $331K $206.95 $34K
64 BF-B 0.04% 11,575 $302K $26.06 -$12K
65 QXO 0.03% 14,283 $276K $19.29 -$411K -21,717 -60.3%
66 HD 0.03% 794 $273K $344.15 -$39K +23 +3.0%
67 VRT 0.03% 1,632 $264K $162.01 +1,632 NEW
68 WCC 0.03% 1,069 $262K $244.64 +1,069 NEW
69 BRK-B 0.03% 500 $251K $502.65 -$45
70 SGOV 0.03% 2,500 $251K $100.38 -$800
71 JPM 0.03% 758 $244K $322.05 $6K +4 +0.5%
72 TECH 0.03% 4,000 $235K $58.81 $13K
73 SHOP 0.03% 1,384 $223K $160.97 +1,384 NEW
74 APD —% -$8M -28,278 -100.0% SOLD
75 ACN —% -$2M -6,708 -100.0% SOLD
76 DIS —% -$663K -5,787 -100.0% SOLD
77 SPSC —% -$15M -147,591 -100.0% SOLD
78 BLDR —% -$12M -102,154 -100.0% SOLD

New Positions

SymbolValue% Port
IFF $22M 2.63%
ARM $21M 2.48%
RWT $3M 0.35%
BWXT $779K 0.09%
VRT $264K 0.03%
WCC $262K 0.03%
SHOP $223K 0.03%

Sold Out Positions

SymbolValue% Port
ACN —%
DIS —%
APD —%
BLDR —%
SPSC —%
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