DOSSIER · 13F-HR · Q2 2026

Once Capital Management, LLC

$1.2B in tracked AUM across 24 positions as of Q2 2026.

OC
CIK 0001712892 · last filed Jun 30, 2026
Total AUM
$1.2B
as of Q2 2026
Holdings
24
positions
Whale Score
77
77
strong
Activity
no data
changes this Q
AI Analysis · Q2 2026
Comprehensive Analysis of Once Capital Management, LLC 13F Filing
Portfolio Overview

Once Capital Management, LLC has undergone a significant transformation in the quarter ending September 30, 2025. The firm executed a major portfolio rotation, reducing total assets under management (AUM) by 38.4%, from $364.29 million to $224.41 million. This reduction was driven not merely by market performance but by a substantial shift in strategy, evidenced by the liquidation of 10 positions and the i...

The portfolio has become extremely concentrated, decreasing to just 13 holdings. The top five positions now constitute approximately 93.7% of the total portfolio value. This high-conviction approach suggests a move away from broad diversification toward a select few high-growth or high-impact names. The consolidation of capital into fewer assets indicates that the firm is seeking to maximize exposure to specific winners rather than hedging across a broader basket of securities.

Key Holdings

The portfolio is dominated by a "barbell" strategy heavily weighted toward established technology leaders and speculative high-growth opportunities.

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
67066G904
NVIDIA CORPORATION
$699M3.5M57.3%
02
NVDA
NVIDIA CORPORATION
$112M562K9.2%
03
AMD
ADVANCED MICRO DEVICES INC
$73M125K6.0%
04
ASTS
AST SPACEMOBILE INC
$73M817K6.0%
05
RKLB
ROCKET LAB CORP
$66M645K5.4%
06
CRWD
CROWDSTRIKE HLDGS INC
$39M51K3.2%
07
MRVL
MARVELL TECHNOLOGY INC
$29M97K2.4%
08
AAPL
APPLE INC
$23M81K1.9%
09
L8681T102
SPOTIFY TECHNOLOGY S A
$18M40K1.5%
10
AMZN
AMAZON COM INC
$17M71K1.4%

Filing history

2026Q2Jun 30
$1.2B 226.1%
24 positionsView →
2026Q1Mar 31
$374M 23.4%
22 positionsView →
2025Q4Dec 31
$487M 117.2%
23 positionsView →
2025Q3Sep 30
$224M 38.4%
13 positionsView →
2025Q2Jun 30
$364M 66.4%
17 positionsLocked
2025Q1Mar 31
$219M 53.4%
17 positionsLocked
2024Q4Dec 31
$470M 1.1%
18 positionsLocked
2024Q3Sep 30
$465M 74.0%
19 positionsLocked
2024Q2Jun 30
$267M 24.9%
24 positionsLocked
2024Q1Mar 31
$214M 53.7%
24 positionsLocked
2023Q4Dec 31
$139M 32.3%
24 positionsLocked
2023Q3Sep 30
$105M 1.8%
22 positionsLocked
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