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Asset Manager ← All Institutions

Act Two Investors LLC

641 ESCALONA DRIVE, SANTA CRUZ, CA 95060 • 831-246-0035

Q2 2025 · Filed 2025-08-12
Market Value
$462M
+2.7%
Holdings
41
-4
New Purchases
2
Added To
5
Closed
6
Reduced
12
Top 10 Concentration
77.6%
Turnover
19.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IQV 5.75% 0.00% +5.75% $27M
MSFT 16.21% 12.68% +3.54% $75M
AMGN 2.80% 0.00% +2.80% $13M
ES 6.02% 4.24% +1.78% $28M
FI 5.31% 4.08% +1.23% $25M
NVDA 3.67% 2.61% +1.06% $17M
IEF 5.04% 4.01% +1.03% $23M
AMZN 8.97% 8.03% +0.94% $41M
GOOG 10.18% 9.64% +0.54% $47M
JPM 1.78% 1.54% +0.23% $8M
SCHO 2.09% 1.95% +0.14% $10M
META 0.57% 0.46% +0.11% $3M
MCK 1.43% 1.35% +0.08% $7M
ORCL 0.20% 0.13% +0.07% $913K
SLM 0.56% 0.52% +0.04% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SYY 0.00% 5.61% -5.61% $0
PRU 0.05% 5.50% -5.46% $214K
NXPI 2.13% 4.61% -2.48% $10M
TMUS 8.06% 10.28% -2.22% $37M
BX 0.00% 1.57% -1.57% $0
BND 0.00% 0.91% -0.91% $0
AAPL 3.89% 4.32% -0.44% $18M
V 8.16% 8.36% -0.19% $38M
VCIT 0.00% 0.17% -0.17% $0
TMO 0.59% 0.74% -0.15% $3M
BRK-B 0.50% 0.57% -0.06% $2M
NOC 0.00% 0.06% -0.06% $0
VTI 0.00% 0.06% -0.06% $0
MCD 0.43% 0.47% -0.04% $2M
AON 0.16% 0.19% -0.02% $757K

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Communication Services 27.8%
Financial Services 21.7%
Technology 21.5%
Healthcare 11.0%
Consumer Cyclical 8.8%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 18 $294M 63.6%
Large Cap 22 $165M 35.8%
Mid Cap 1 $3M 0.6%

Portfolio Analytics

Avg Market Cap
$858.2B
Median Market Cap
$142.4B
Avg P/E
22.6
Median P/E
21.5
Avg Dividend Yield
0.01%
Avg Beta
0.97
# Stocks
34
# ETFs / Funds
7

Top Holdings (41 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 16.21% 150,484 $75M $497.41 $18M -1,282 -0.8%
2 GOOG 10.18% 264,884 $47M $177.39 $4M -12,300 -4.4%
3 AMZN 8.97% 188,723 $41M $219.39 $5M -980 -0.5%
4 V 8.16% 106,166 $38M $355.05 $142K -986 -0.9%
5 TMUS 8.06% 156,156 $37M $238.26 -$9M -17,079 -9.9%
6 ES 6.02% 437,012 $28M $63.62 $9M +129,883 +42.3%
7 IQV 5.75% 168,336 $27M $157.59 +168,336 NEW
8 FI 5.31% 142,177 $25M $172.41 $6M +59,058 +71.0%
9 IEF 5.04% 242,759 $23M $95.77 $5M +53,956 +28.6%
10 AAPL 3.89% 87,464 $18M $205.17 -$1M
11 NVDA 3.67% 107,128 $17M $157.99 $5M -1,085 -1.0%
12 AMGN 2.80% 46,220 $13M $279.21 +46,220 NEW
13 NXPI 2.13% 45,020 $10M $218.49 -$11M -63,951 -58.7%
14 SCHO 2.09% 394,909 $10M $24.38 $875K +35,306 +9.8%
15 SCHR 2.01% 371,118 $9M $25.03 $240K +7,117 +2.0%
16 JPM 1.78% 28,287 $8M $289.91 $1M
17 MCK 1.43% 9,017 $7M $732.78 $539K
18 SYK 1.25% 14,605 $6M $395.64 $259K -222 -1.5%
19 GOOGL 0.74% 19,497 $3M $176.23 $233K -1,215 -5.9%
20 CNI 0.74% 33,020 $3M $104.04 $217K
21 TMO 0.59% 6,710 $3M $405.46 -$618K
22 META 0.57% 3,594 $3M $738.09 $581K
23 SLM 0.56% 79,160 $3M $32.79 $271K
24 BRK-B 0.50% 4,778 $2M $485.77 -$230K -12 -0.2%
25 MCD 0.43% 6,720 $2M $292.17 -$136K
26 ORCL 0.20% 4,177 $913K $218.63 $329K
27 AON 0.16% 2,121 $757K $356.76 -$90K
28 BKNG 0.16% 128 $741K $5,789.24 -$24K -38 -22.9%
29 XLF 0.12% 10,168 $532K $52.37 $26K
30 EWBC 0.12% 5,270 $532K $100.98 $59K
31 TSM 0.10% 2,078 $471K $226.49 $126K
32 NFLX 0.08% 280 $375K $1,339.13 $114K
33 AXP 0.07% 1,060 $338K $318.98 $53K
34 WTW 0.07% 1,029 $315K $306.50 -$32K
35 PRU 0.05% 1,990 $214K $107.44 -$25M -219,474 -99.1%
36 BX —% -$7M -50,504 -100.0% SOLD
37 NOC —% -$269K -526 -100.0% SOLD
38 VTI —% -$267K -970 -100.0% SOLD
39 SYY —% -$25M -335,950 -100.0% SOLD
40 VCIT —% -$772K -9,444 -100.0% SOLD
41 BND —% -$4M -55,658 -100.0% SOLD

New Positions

SymbolValue% Port
IQV $27M 5.75%
AMGN $13M 2.80%

Sold Out Positions

SymbolValue% Port
BX —%
SYY —%
NOC —%
BND —%
VTI —%
VCIT —%
View SEC EDGAR Filings for Act Two Investors LLC →

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