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

TRB Advisors LP

$233M in tracked AUM across 6 positions as of Q2 2026.

TA
CIK 0001513300 · last filed Jun 30, 2026
Total AUM
$233M
as of Q2 2026
Holdings
6
—
positions
Whale Score
71
71
strong
Activity
—
no data
changes this Q
AI Analysis · Q2 2026
Comprehensive Analysis of TRB Advisors LP SEC 13F Filing
1. Portfolio Overview

The most striking feature of this filing is the dramatic contraction in portfolio size, with total assets under management (AUM) plummeting by 80.5%, falling from $417.27M in the previous quarter to $81.56M as of the report date. Concurrently, the number of holdings was streamlined significantly, reduced to just 6 positions. This indicates a substantial capital reallocation event, likely driven b...

2. Key Holdings

The portfolio is dominated by a duopoly in the payments sector and a specific global ETF. Visa Inc. (V) is the largest holding, accounting for 33.49% of the portfolio ($27.31M), followed closely by KKR & Co Inc. (KKR) at 29.48% ($24.04M). This pairing suggests a barbell strategy balancing the stability of cash-flow-rich payment networks with the alternative asset management exposure of KKR.

The third-largest position is the Tremblant Global ETF, representing 21.81% of the portfolio ($17.79M). This position saw a significant increase of 53.9% during the quarter, making it the only position where stake size was increased. The remaining holdings are significantly smaller in comparison: Mastercard (MA) at 6.97%, S&P Global (SPGI) at 5.97%, and Coupa Software (CPNG) at 2.28%. The heavy weighting in Visa and KKR implies a defensive posture regarding financial infrastructure and private equity credit cycles.

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
VOO
VANGUARD INDEX FDS
$103M150K44.2%02
SMH
VANECK ETF TRUST
$66M100K28.2%03
KKR
KKR & CO INC
$26M286K11.3%04
84645Q103
SPACE EXPLORATION TECHN CORP
$17M100K7.4%05
TOGA
TREMBLANT GLOBAL ETF
$17M550K7.3%06
AAPL
APPLE INC
$4M13K1.6%

Filing history

2026Q2Jun 30
$233M▲ 59.6%
6 positionsView →2026Q1Mar 31
$146M▼ 65.8%
5 positionsView →2025Q4Dec 31
$427M▼ 14.0%
11 positionsView →2025Q3Sep 30
$496M▲ 18.9%
11 positionsView →2025Q2Jun 30
$417M▲ 692.9%
11 positionsLocked2025Q1Mar 31
$53M▼ 91.2%
3 positionsLocked2024Q4Dec 31
$601M▲ 10.6%
8 positionsLocked2024Q3Sep 30
$543M▲ 1.3%
5 positionsLocked2024Q2Jun 30
$536M▲ 41.7%
6 positionsLocked2023Q4Dec 31
$378M▲ 152.4%
6 positionsLocked2023Q3Sep 30
$150M▼ 66.0%
4 positionsLocked2023Q2Jun 30
$441M▲ 105.5%
5 positionsLocked
Showing 12 of 56