13F Insight
DOSSIER · 13F-HR · Q2 2026

RJA Asset Management LLC

$321M in tracked AUM across 4 positions as of Q2 2026.

RA
CIK 0001671817 · last filed Jun 30, 2026
Total AUM
$321M
as of Q2 2026
Holdings
4
—
positions
Whale Score
71
71
strong
Activity
—
no data
changes this Q
AI Analysis · Q2 2026
Portfolio Overview

RJA Asset Management’s 13F for the period ended 2025-09-30 shows a dramatic contraction in reported long equity exposure: total 13F portfolio value is $13.06 million versus $290.42 million at 2025-06-30, a decline of 95.5%. The filing reports only two long equity positions (Twilio, TWLO; Affirm, AFRM). The portfolio is now extremely small and highly concentrated — only two names make up 100% of the reported long-equity value. Prior quarter holdings were dominated by Apple (A...

Note on 13F scope: this report reflects long U.S.-listed equities only; it does not show cash, derivatives, short positions, or non-13F securities. Observations below refer only to the disclosed long-equity holdings.

Key Holdings
  • TWLO (Twilio Inc., Technology): $6.81M, 68,000 shares, 52.17% of current portfolio. Implied per-share value ≈ $100.15. TWLO is now the largest holding, up from $2.49M in the prior quarter (an increase of $4.32M, +239.0% in dollar terms).
  • AFRM (Affirm Holdings Inc., Financial Services/Fintech): $6.25M, 86,000 shares, 47.83% of current portfolio. Implied per-share value ≈ $72.67. AFRM was materially reduced vs. the prior quarter (prior value ≈ $38.29M), a reduction of $32.04M or -84.6%.
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
AAPL
Apple Inc
$284M980K88.4%02
AFRM
Affirm Holdings Inc
$20M242K6.1%03
TWLO
Twilio Inc
$14M68K4.4%04
LYFT
Lyft Inc
$4M242K1.1%

Filing history

2026Q2Jun 30
$321M▲ 18.1%
4 positionsView →2026Q1Mar 31
$272M▼ 3.8%
4 positionsView →2025Q4Dec 31
$283M▲ 2062.8%
3 positionsView →2025Q3Sep 30
$13M▼ 95.5%
2 positionsView →2025Q2Jun 30
$290M▲ 592.1%
4 positionsLocked2025Q1Mar 31
$42M▼ 89.9%
3 positionsLocked2024Q4Dec 31
$416M▲ 5.4%
4 positionsLocked2024Q3Sep 30
$395M▲ 11.7%
4 positionsLocked2024Q2Jun 30
$353M▲ 20.0%
4 positionsLocked2024Q1Mar 31
$295M▼ 13.4%
4 positionsLocked2023Q4Dec 31
$340M▲ 3.4%
4 positionsLocked2023Q3Sep 30
$329M▼ 14.3%
4 positionsLocked
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