DOSSIER · 13F-HR · Q1 2026

ALLEN OPERATIONS LLC

$670M in tracked AUM across 36 positions as of Q1 2026.

AO
CIK 0001389544 · last filed Mar 31, 2026
Total AUM
$670M
as of Q1 2026
Holdings
36
positions
Whale Score
66
66
tracked
Activity
no data
changes this Q
AI Analysis · Q1 2026
Comprehensive Analysis of ALLEN OPERATIONS LLC SEC 13F Filing
Portfolio Overview

ALLEN OPERATIONS LLC manages a concentrated portfolio with a total value of $646.61 million as of September 30, 2025. The firm employs a high-conviction investment strategy, evidenced by the low number of holdings (26) and significant capital allocation to top-tier positions. Over the quarter, the portfolio experienced a contraction of approximately 11.1%, declining from $727.01 million. This reduction in valu...

Key Holdings

The portfolio is dominated by a few major positions that dictate overall performance. The largest holding, Palantir Technologies Inc (PLTR), represents a massive 33.85% of the portfolio, valued at $218.90 million. This indicates an exceptionally high conviction in the data analytics and defense sector. The second largest holding, Acuity Inc (AYI), accounts for 18.33% ($118.50M), providing a significant industrial technology anchor. Together, these two positions comprise over 52% of the total assets.

The third position, Affirm Holdings (AFRM) at 8.15%, highlights a strong tilt toward the fintech and buy-now-pay-later sector. Notably, the manager has also allocated 6.74% of the portfolio to the iShares Bitcoin Trust (IBIT), signaling a strategic diversification into digital assets outside of traditional equities. Other top-tier holdings include Mastercard (MA) at 5.77% and Workday (WDAY) at 4.17%, suggesting that while the firm favors growth, it maintains exposure to established financial infrastructure and enterprise software.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
PLTR
PALANTIR TECHNOLOGIES INC
$165M1.1M24.6%
02
AYI
ACUITY INC
$96M344K14.4%
03
AUR
AURORA INNOVATION INC
$43M10.4M6.4%
04
SCHW
SCHWAB CHARLES CORP
$36M380K5.3%
05
AFRM
AFFIRM HLDGS INC
$33M721K4.9%
06
MA
MASTERCARD INCORPORATED
$33M66K4.9%
07
MSFT
MICROSOFT CORP
$33M88K4.9%
08
BRK/A
BERKSHIRE HATHAWAY INC DEL
$29M414.4%
09
IBIT
ISHARES BITCOIN TRUST ETF
$26M670K3.8%
10
GOOG
ALPHABET INC
$25M85K3.7%

Filing history

2026Q1Mar 31
$670M 16.2%
36 positionsView →
2025Q4Dec 31
$799M 23.6%
36 positionsView →
2025Q3Sep 30
$647M 11.1%
26 positionsView →
2025Q2Jun 30
$727M 72.3%
35 positionsLocked
2025Q1Mar 31
$422M 33.1%
22 positionsLocked
2024Q4Dec 31
$631M 6.2%
31 positionsLocked
2024Q3Sep 30
$594M 16.2%
34 positionsLocked
2024Q2Jun 30
$511M 3.0%
35 positionsLocked
2024Q1Mar 31
$527M 4.6%
35 positionsLocked
2023Q4Dec 31
$504M 11.4%
35 positionsLocked
2023Q3Sep 30
$452M 0.4%
41 positionsLocked
2023Q2Jun 30
$451M 14.3%
40 positionsLocked
Showing 12 of 75