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Act Two Investors LLC

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

Q1 2026 · Filed 2026-05-08
Market Value
$450M
-13.6%
Holdings
38
New Purchases
2
Added To
4
Closed
3
Reduced
20
Top 10 Concentration
74.4%
Turnover
13.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SLM 3.36% 0.19% +3.17% $15M
ADP 2.11% 0.00% +2.11% $10M
INTU 1.12% 0.00% +1.12% $5M
TMUS 7.08% 6.12% +0.95% $32M
ES 6.30% 5.49% +0.80% $28M
DIS 4.31% 3.70% +0.61% $19M
NVDA 4.06% 3.72% +0.34% $18M
MCK 1.71% 1.40% +0.31% $8M
AMZN 8.21% 8.04% +0.16% $37M
SCHR 1.94% 1.77% +0.16% $9M
V 6.99% 6.91% +0.08% $31M
MCD 0.47% 0.40% +0.07% $2M
AAPL 4.35% 4.28% +0.07% $20M
SYK 0.87% 0.81% +0.06% $4M
VGLT 1.20% 1.15% +0.05% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ADBE 0.00% 3.26% -3.26% $0
CNI 0.75% 2.78% -2.02% $3M
MSFT 11.72% 13.55% -1.82% $53M
NFLX 0.14% 1.28% -1.14% $631K
IQV 6.01% 7.13% -1.12% $27M
GOOG 15.07% 15.31% -0.24% $68M
NXPI 0.05% 0.20% -0.14% $234K
ORCL 0.06% 0.14% -0.08% $256K
LLY 1.67% 1.74% -0.07% $8M
GOOGL 0.80% 0.87% -0.07% $4M
XLF 0.00% 0.06% -0.06% $0
PRU 0.00% 0.04% -0.04% $0
SCHO 1.31% 1.34% -0.03% $6M
IEF 4.40% 4.42% -0.02% $20M
TMO 0.73% 0.75% -0.01% $3M

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 17 $286M 63.4%
Large Cap 20 $150M 33.2%
Mid Cap 1 $15M 3.4%

Portfolio Analytics

Avg Market Cap
$922.9B
Median Market Cap
$145.7B
Avg P/E
23.0
Median P/E
20.8
Avg Dividend Yield
0.01%
Avg Beta
1.06
# Stocks
33
# ETFs / Funds
5

Top Holdings (38 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GOOG 15.07% 236,600 $68M $286.86 -$12M -17,599 -6.9%
2 MSFT 11.72% 142,660 $53M $370.17 -$18M -3,310 -2.3%
3 AMZN 8.21% 177,475 $37M $208.27 -$5M -4,070 -2.2%
4 TMUS 7.08% 151,750 $32M $210.03 -$27K -5,359 -3.4%
5 V 6.99% 104,171 $31M $302.24 -$5M +1,524 +1.5%
6 ES 6.30% 409,326 $28M $69.28 -$264K -15,778 -3.7%
7 IQV 6.01% 158,622 $27M $170.54 -$10M -6,132 -3.7%
8 IEF 4.40% 207,870 $20M $95.44 -$3M -31,881 -13.3%
9 AAPL 4.35% 77,212 $20M $253.79 -$3M -4,867 -5.9%
10 DIS 4.31% 201,332 $19M $96.38 $137K +31,977 +18.9%
11 NVDA 4.06% 104,852 $18M $174.40 -$1M +937 +0.9%
12 SLM 3.36% 707,577 $15M $21.41 $14M +670,063 +1786.2%
13 ADP 2.11% 46,829 $10M $203.18 +46,829 NEW
14 SCHR 1.94% 349,960 $9M $24.91 -$519K -18,310 -5.0%
15 JPM 1.80% 27,491 $8M $294.16 -$1M -796 -2.8%
16 MCK 1.71% 8,920 $8M $865.36 $402K
17 LLY 1.67% 8,174 $8M $919.77 -$2M -266 -3.1%
18 SCHO 1.31% 242,756 $6M $24.27 -$1M -43,306 -15.1%
19 VGLT 1.20% 97,830 $5M $55.36 -$594K -9,859 -9.2%
20 INTU 1.12% 11,672 $5M $432.38 +11,672 NEW
21 SYK 0.87% 11,965 $4M $328.60 -$305K -88 -0.7%
22 GOOGL 0.80% 12,590 $4M $287.56 -$925K -1,932 -13.3%
23 CNI 0.75% 33,020 $3M $102.77 -$11M -113,365 -77.4%
24 TMO 0.73% 6,710 $3M $491.53 -$590K
25 MCD 0.47% 6,820 $2M $310.79 $35K
26 META 0.45% 3,550 $2M $572.13 -$312K
27 BRK-B 0.31% 2,946 $1M $479.21 -$217K -294 -9.1%
28 AON 0.16% 2,275 $734K $322.78 -$68K
29 TSM 0.16% 2,078 $702K $337.95 $71K
30 NFLX 0.14% 6,560 $631K $96.15 -$6M -64,794 -90.8%
31 BKNG 0.13% 141 $594K $4,210.32 -$161K
32 EWBC 0.12% 5,270 $563K $106.76 -$30K
33 AXP 0.07% 979 $296K $302.48 -$66K
34 ORCL 0.06% 1,740 $256K $147.11 -$474K -2,005 -53.5%
35 NXPI 0.05% 1,189 $234K $196.86 -$787K -3,515 -74.7%
36 PRU —% -$225K -1,990 -100.0% SOLD
37 XLF —% -$321K -5,868 -100.0% SOLD
38 ADBE —% -$17M -48,599 -100.0% SOLD

New Positions

SymbolValue% Port
ADP $10M 2.11%
INTU $5M 1.12%

Sold Out Positions

SymbolValue% Port
PRU —%
ADBE —%
XLF —%
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