Tsai Capital Corp

2. Key Holdings

The portfolio is dominated by two massive positions that define the fund's risk profile:

• Tesla Inc (TSLA): This is the flagship holding, comprising 32.59% of the portfolio ($31.02M). Despite a relatively small reported increase of 0.3% ($8.92M), the position remains the single largest bet. This indicates a strong, unwavering bullish stance on the electric vehicle and energy sector, or perhaps a specific view on the company's AI and robotics potential.
• QXO Inc (QXO): The second largest holding represents 26.56% of the portfolio ($25.28M). This is a highly concentrated position in a smaller-cap or special situation name (relative to mega-cap tech), which signals a high-risk/high-reward appetite. The fund added 9.4% ($825.76K) to this position, suggesting continued confidence in the company's restructuring or business model.
• Costar Group (CSGP) & NVIDIA (NVDA): These are the only other positions exceeding the 4% threshold (5.22% and 4.91%, respectively). Notably, NVDA saw a significant 38.5% increase in capital allocation ($1.82M added), indicating the manager is prioritizing exposure to the semiconductor/AI supply chain despite the overall portfolio shrinking.

3. Sector Allocation

The portfolio exhibits a distinct tilt towards Consumer Cyclical stocks, which command $56.29M (59.15% of the total portfolio). This massive overweight is driven almost entirely by the TSLA and QXO positions. The fund maintains a secondary allocation to Technology ($13.47M / 14.15%), encompassing quality names like CSGP, NVDA, and MSCI.