DOSSIER · 13F-HR · Q2 2026

Crake Asset Management LLP

$4.2B in tracked AUM across 23 positions as of Q2 2026.

CA
CIK 0001789082 · last filed Jun 30, 2026
Total AUM
$4.2B
as of Q2 2026
Holdings
23
positions
Whale Score
77
77
strong
Activity
no data
changes this Q
AI Analysis · Q2 2026

Crake Asset Management's $2.86B 13F reads like a long-only institutional mandate built around a dividend-quality framework: top holdings are concentrated in U.S. mega-cap technology and industrial names with record free cash flow and long track records of capital return to shareholders. Microsoft at $271M (9.5%) is the largest single position, followed by Apple ($244M), Nvidia ($206M), and Eli Lilly — a cluster that puts the portfolio's largest weight squarely in the companies that have driven S&P 500 outperformance over the past five years. The book grew from $2.55B to $2.86B in Q1, a $310M increase that reflects both market appreciation and net additions. The most distinctive feature is a $130M Micron Technology position that signals willingness to hold cyclical semiconductor names at a weight well above what a pure dividend-quality mandate would suggest — implying the manager is blending quality income with a modest secular-growth overlay in enablers of AI infrastructure.

What distinguishes this book from a generic passive S&P 500 overlay is the weight distribution. Microsoft at 9.5% and Apple at 8.5% are above-market weights; Nvidia at 7.2% is not. Together, those three names represent roughly $721M or 25% of the portfolio. A manager running a passive core would hold them at market cap weights (4-6% each), so the overweight is a deliberate active bet. The Micron Technology position at $130M (4.5% of book) is the most interesting individual call: Micron is a cyclical semiconductor name with a volatile earnings profile, and a quality-dividend manager taking a 4.5% position suggests the thesis is structural (HBM/AI memory demand) rather than income-oriented.

The Q1 activity pattern shows additions across the top holdings rather than rotation. The book grew $310M quarter-over-quarter, with several names showing increased weight. The hedge-fund activity layer is thin — the top 17 holdings are all long-only quality names with no derivative structures visible in the positions table. The absence of hedges or short exposure in the disclosed positions (within the scope of what 13F captures) reinforces the long-only characterization.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
FCX
FREEPORT MCMORAN INC
$583M9.3M14.0%
02
AMZN
AMAZON COM INC
$550M2.3M13.2%
03
HCA
HCA HEALTHCARE INC
$449M1.2M10.7%
04
LUV
SOUTHWEST AIRLS CO
$363M7.1M8.7%
05
MSFT
MICROSOFT CORP
$360M966K8.6%
06
GOOG
ALPHABET INC
$261M738K6.2%
07
AAPL
APPLE INC
$258M890K6.2%
08
NVDA
NVIDIA CORPORATION
$235M1.2M5.6%
09
NFLX
NETFLIX INC.
$181M2.5M4.3%
10
AVGO
BROADCOM INC
$159M422K3.8%

Filing history

2026Q2Jun 30
$4.2B 46.0%
23 positionsView →
2026Q1Mar 31
$2.9B 12.1%
20 positionsView →
2025Q4Dec 31
$2.6B 15.8%
17 positionsView →
2025Q3Sep 30
$2.2B 16.2%
15 positionsView →
2025Q2Jun 30
$1.9B 240.1%
18 positionsLocked
2025Q1Mar 31
$558M 39.8%
8 positionsLocked
2024Q4Dec 31
$927M 13.8%
9 positionsLocked
2024Q3Sep 30
$814M 35.1%
12 positionsLocked
2024Q2Jun 30
$1.3B 26.6%
15 positionsLocked
2024Q1Mar 31
$991M 5.5%
16 positionsLocked
2023Q4Dec 31
$1.0B 49.1%
17 positionsLocked
2023Q3Sep 30
$704M 5.1%
15 positionsLocked
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