Institution

Choreo, LLC

13F for the quarter to June 30, 2026, filed August 4, 2026 · SEC CIK 1679031

Reported value: $9.1bn
Positions we cover: 1,082
Copy, a year: +12.8%
Copy Sharpe ratio: 0.64

How copying its 13F would have done

CopyS&P 500 $10,000 copying Choreo, LLC's filed holdings in companies we cover from June 5, 2020, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −20.9% (S&P 500 −23.9%); beta 0.95; alpha −2.2% a year (t = −1.33); last 12 months +10.8% against +12.1%.

Reported value by quarter

Choreo, LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2019-12-31	$1B
2020-06-30	$1B
2020-09-30	$1.2B
2020-12-31	$1.4B
2021-03-31	$1.6B
2021-06-30	$1.9B
2021-09-30	$1.9B
2021-12-31	$2B
2022-03-31	$2B
2022-06-30	$1.8B
2022-09-30	$1.7B
2022-12-31	$2T
2023-03-31	$2.8B
2023-06-30	$2.9B
2023-09-30	$2.8B
2023-12-31	$3.7B
2024-03-31	$3.9B
2024-06-30	$6B
2024-09-30	$6.8B
2024-12-31	$7B
2025-03-31	$6.4B
2025-06-30	$7.2B
2025-09-30	$7.7B
2025-12-31	$7.8B
2026-03-31	$8.1B
2026-06-30	$9.1B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
AAPLApple Inc.	2.89%	$263.3m	909.9K	−1.2% Reduced
NVDANVIDIA Corporation	2.05%	$187.1m	935.2K	+2.3% Added
MSFTMicrosoft Corporation	1.25%	$114.1m	306.1K	−1.3% Reduced
BACBank of America	1.16%	$105.4m	1.85M	−5.8% Reduced
AMZNAmazon	0.97%	$88.6m	371.6K	+0.6% Added
GOOGLAlphabet Inc. (Class A)	0.95%	$86.8m	243.0K	+0.4%
AVGOBroadcom	0.62%	$56.4m	149.2K	−1.4% Reduced
JPMJPMorgan Chase	0.57%	$52.1m	159.1K	−4.1% Reduced
METAMeta Platforms	0.49%	$45.0m	79.9K	−3.3% Reduced
TSLATesla, Inc.	0.43%	$39.4m	93.8K	+5.2% Added
MUMicron Technology	0.40%	$36.7m	31.8K	−0.5%
LLYLilly (Eli)	0.39%	$35.7m	29.8K	+1.3% Added
JNJJohnson & Johnson	0.39%	$35.7m	140.6K	−1.5% Reduced
THOThor Industries Inc	0.32%	$29.4m	391.5K	−0.5%
ABBVAbbVie	0.29%	$26.5m	105.3K	−0.2%
CATCaterpillar Inc.	0.28%	$26.0m	24.4K	+2.0% Added
VVisa Inc.	0.28%	$25.9m	75.6K	+1.0% Added
PMPhilip Morris International	0.28%	$25.8m	142.4K	−1.5% Reduced
CVXChevron Corporation	0.25%	$23.2m	139.9K	−2.3% Reduced
AMDAdvanced Micro Devices	0.24%	$21.8m	37.5K	+9.3% Added
WMTWalmart	0.23%	$21.0m	185.8K	+1.2% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.22%	$20.4m	42.8K	+6.9% Added
KOThe Coca-Cola Company	0.22%	$20.4m	249.6K	+0.1%
CSCOCisco	0.22%	$20.1m	170.8K	−4.1% Reduced
COSTCostco	0.21%	$19.6m	21.0K	+0.5% Added
AMATApplied Materials	0.21%	$19.0m	26.3K	−2.1% Reduced
RTXRTX Corporation	0.21%	$19.0m	100.2K	−3.6% Reduced
INTCIntel	0.20%	$18.1m	129.4K	+6.9% Added
ASMLAsml Holding NV	0.20%	$17.9m	9.0K	−6.5% Reduced
PGProcter & Gamble	0.19%	$17.6m	119.8K	−1.5% Reduced
HDThe Home Depot	0.19%	$17.2m	48.8K	−23.8% Reduced
MRKMerck & Co.	0.18%	$16.7m	129.1K	−0.8% Reduced
UPSUnited Parcel Service	0.18%	$16.4m	152.6K	−1.0% Reduced
MCDMcDonald's	0.18%	$16.2m	59.8K	−3.8% Reduced
UNHUnitedHealth Group	0.17%	$15.2m	36.5K	+6.4% Added
GEGE Aerospace	0.17%	$15.1m	40.3K	−2.5% Reduced
WFCWells Fargo	0.17%	$15.0m	181.9K	−4.9% Reduced
LRCXLam Research	0.16%	$14.8m	34.0K	+1.2% Added
CGBDCarlyle Secured Lending, Inc.	0.16%	$14.3m	1.36M	−1.9% Reduced
TXNTexas Instruments	0.15%	$14.0m	47.1K	+0.1%
KLACKLA Corporation	0.15%	$13.7m	45.4K	+825.9% Added
IBMIBM	0.15%	$13.4m	47.6K	+1.2% Added
UNPUnion Pacific Corporation	0.15%	$13.3m	48.8K	+3.2% Added
ENPHEnphase Energy, Inc.	0.15%	$13.3m	269.3K	+0.2%
NFLXNetflix	0.14%	$13.0m	182.0K	−11.9% Reduced
ADPAutomatic Data Processing	0.14%	$13.0m	57.6K	+2.4% Added
PEPPepsiCo	0.14%	$12.3m	90.6K	−3.8% Reduced
ORCLOracle Corporation	0.13%	$12.0m	82.0K	+0.8% Added
MAMastercard	0.13%	$12.0m	23.4K	+1.9% Added
PANWPalo Alto Networks	0.13%	$11.8m	34.5K	+0.7% Added
MARMarriott International	0.13%	$11.7m	31.6K	+0.5% Added
SNDKSandisk	0.13%	$11.6m	5.1K	−4.6% Reduced
GSGoldman Sachs	0.12%	$11.3m	11.2K	−4.2% Reduced
DEDeere & Company	0.12%	$10.8m	18.1K	−3.0% Reduced
ETNEaton Corporation	0.12%	$10.8m	25.4K	+5.6% Added
GEVGE Vernova	0.12%	$10.7m	9.1K	−5.7% Reduced
MOAltria	0.11%	$10.2m	142.1K	−0.6% Reduced
DISThe Walt Disney Company	0.11%	$10.2m	106.2K	−3.7% Reduced
MMM3M	0.11%	$10.2m	62.8K	−2.8% Reduced
CCitigroup	0.11%	$10.0m	71.6K	+0.8% Added
MSMorgan Stanley	0.11%	$10.0m	47.6K	−15.1% Reduced
SPGIS&P Global	0.11%	$9.9m	24.4K	−2.5% Reduced
NEENextEra Energy	0.10%	$9.6m	109.4K	+0.3%
CMICummins	0.10%	$9.6m	13.4K	−1.3% Reduced
LINLinde plc	0.10%	$9.5m	18.3K	+0.8% Added
SCHWCharles Schwab Corporation	0.10%	$9.4m	102.2K	−1.7% Reduced
ALRSAlerus Financial Corp	0.10%	$9.1m	293.3K	−0.1%
SSDSimpson Manufacturing Co., Inc.	0.10%	$9.1m	43.5K	+0.1%
ABTAbbott Laboratories	0.10%	$9.1m	100.1K	−4.4% Reduced
CRWDCrowdStrike	0.10%	$8.9m	11.6K	+21.4% Added
HWMHowmet Aerospace	0.09%	$8.5m	31.5K	+2.9% Added
AXPAmerican Express	0.09%	$8.4m	24.9K	−3.4% Reduced
PLTRPalantir Technologies Inc.	0.09%	$8.3m	71.1K	+0.7% Added
CVSCVS Health	0.09%	$8.3m	80.2K	+1.1% Added
CBChubb Limited	0.09%	$8.3m	24.2K	−5.1% Reduced
STXSeagate Technology	0.09%	$8.3m	8.6K	−2.0% Reduced
BXBlackstone Inc.	0.09%	$8.0m	68.2K	−48.2% Reduced
ADIAnalog Devices	0.09%	$8.0m	20.2K	−12.2% Reduced
WWDWoodward, Inc.	0.09%	$7.7m	18.2K	+5.2% Added
BABoeing	0.08%	$7.6m	34.9K	+0.3%
BMYBristol Myers Squibb	0.08%	$7.4m	128.4K	−0.9% Reduced
LMTLockheed Martin	0.08%	$7.4m	14.4K	−5.1% Reduced
TJXTJX Companies	0.08%	$7.3m	48.0K	−9.4% Reduced
COFCapital One	0.08%	$7.0m	35.1K	−9.0% Reduced
SHELShell plc	0.08%	$7.0m	90.6K	−3.5% Reduced
FISVFiserv	0.08%	$6.9m	140.8K	−0.7% Reduced
VZVerizon	0.08%	$6.9m	163.2K	−3.7% Reduced
APHAmphenol	0.07%	$6.9m	39.0K	+9.8% Added
BNYBNY Mellon	0.07%	$6.8m	47.3K	−10.3% Reduced
ORLYO'Reilly Automotive	0.07%	$6.7m	72.3K	+5.0% Added
AMGNAmgen	0.07%	$6.6m	18.3K	−7.4% Reduced
DUKDuke Energy	0.07%	$6.6m	52.1K	+1.2% Added
UBERUber	0.07%	$6.6m	91.3K	+6.3% Added
SMASmartstop Self Storage Reit, Inc.	0.07%	$6.5m	200.7K	+12.3% Added
CLMBClimb Global Solutions, Inc.	0.07%	$6.3m	272.7K	+1.3% Added
PHParker Hannifin	0.07%	$6.3m	6.4K	−8.4% Reduced
COPConocoPhillips	0.07%	$6.3m	60.3K	−3.4% Reduced
NSCNorfolk Southern	0.07%	$6.2m	19.7K	−3.5% Reduced
WDCWestern Digital	0.07%	$6.2m	9.7K	−5.7% Reduced
MCKMcKesson	0.07%	$6.1m	8.0K	−1.6% Reduced
LOWLowe's	0.07%	$6.0m	27.1K	−5.0% Reduced
TMOThermo Fisher Scientific	0.07%	$6.0m	11.9K	+6.1% Added
NVONovo Nordisk A S	0.06%	$5.8m	121.5K	+13.7% Added
BLKBlackRock	0.06%	$5.7m	5.9K	−7.2% Reduced
EPDEnterprise Products Partners L.p.	0.06%	$5.7m	154.1K	+3.8% Added
QCOMQualcomm	0.06%	$5.6m	30.5K	−7.4% Reduced
PWRQuanta Services	0.06%	$5.6m	7.7K	−2.9% Reduced
EMREmerson Electric	0.06%	$5.5m	38.6K	−0.3%
TAT&T	0.06%	$5.5m	264.9K	−5.6% Reduced
GILDGilead Sciences	0.06%	$5.4m	43.0K	−7.0% Reduced
SOSouthern Company	0.06%	$5.2m	54.0K	−4.3% Reduced
BKNGBooking Holdings	0.06%	$5.2m	28.9K	+2072.7% Added
ANETArista Networks	0.06%	$5.1m	30.2K	+21.5% Added
WMWaste Management	0.06%	$5.1m	22.9K	+8.6% Added
TTTrane Technologies	0.06%	$5.0m	10.2K	−7.7% Reduced
APDAir Products	0.05%	$4.9m	16.6K	+3.9% Added
DELLDell Technologies	0.05%	$4.8m	11.2K	+29.4% Added
MRVLMarvell Technology	0.05%	$4.8m	16.0K	+33.8% Added
QQnity Electronics, Inc.	0.05%	$4.7m	28.8K	−0.9% Reduced
USBU.S. Bancorp	0.05%	$4.7m	77.4K	−12.6% Reduced
MDLZMondelez International	0.05%	$4.6m	79.6K	−3.5% Reduced
JCIJohnson Controls	0.05%	$4.6m	31.5K	+12.9% Added
CARRCarrier Global	0.05%	$4.6m	62.2K	+0.9% Added
PNCPNC Financial Services	0.05%	$4.5m	18.4K	+1.7% Added
ITWIllinois Tool Works	0.05%	$4.4m	16.2K	−8.7% Reduced
GLWCorning Inc.	0.05%	$4.4m	17.1K	−22.6% Reduced
LNTAlliant Energy	0.05%	$4.3m	56.6K	+3.2% Added
PFEPfizer	0.05%	$4.3m	176.7K	−3.4% Reduced
FDXFedEx	0.05%	$4.2m	13.5K	−4.3% Reduced
TRVThe Travelers Companies	0.05%	$4.2m	12.6K	−13.2% Reduced
SBUXStarbucks	0.05%	$4.2m	40.8K	−0.9% Reduced
AJGArthur J. Gallagher & Co.	0.05%	$4.2m	18.1K	+38.6% Added
ISRGIntuitive Surgical	0.05%	$4.1m	10.4K	−11.4% Reduced
APGApi Group Corp	0.04%	$4.1m	95.8K	−3.1% Reduced
AZNAstrazeneca PLC	0.04%	$4.0m	20.9K	−5.9% Reduced
SHWSherwin-Williams	0.04%	$3.9m	11.4K	−5.6% Reduced
BXMTBlackstone Mortgage Trust, Inc.	0.04%	$3.9m	232.2K	−0.4%
SPOTSpotify Technology S.a.	0.04%	$3.9m	8.5K	+10.1% Added
PSXPhillips 66	0.04%	$3.9m	23.0K	−2.9% Reduced
PEGPublic Service Enterprise Group	0.04%	$3.8m	47.4K	−0.3%
PGRProgressive Corporation	0.04%	$3.8m	17.4K	−7.3% Reduced
STTState Street Corporation	0.04%	$3.8m	22.4K	−19.7% Reduced
CEGConstellation Energy	0.04%	$3.8m	15.2K	+50.1% Added
CRMSalesforce	0.04%	$3.8m	24.1K	−7.6% Reduced
SHOPShopify Inc.	0.04%	$3.7m	32.8K	−28.3% Reduced
HONHoneywell Technologies	0.04%	$3.7m	16.7K	New
VRTVertiv	0.04%	$3.7m	11.2K	−18.6% Reduced
SNPSSynopsys Inc	0.04%	$3.7m	8.4K	−6.1% Reduced
CMCSAComcast	0.04%	$3.7m	151.5K	−17.3% Reduced
NOWServiceNow	0.04%	$3.7m	37.4K	+0.1%

Company	Bought (value)	Shares
KLACKLA Corporation	$12.2m	40.5K
BKNGBooking Holdings	$4.9m	27.6K
NVDANVIDIA Corporation	$4.3m	21.5K
HONHoneywell Technologies	$3.7m	16.7K
HONAHoneywell Aerospace	$3.4m	15.5K
DDDuPont	$2.7m	20.1K
SPCXSpace Exploration Technologies Corp	$2.0m	11.7K
TSLATesla, Inc.	$1.9m	4.6K
AMDAdvanced Micro Devices	$1.9m	3.2K
ROKURoku, Inc	$1.7m	12.1K
CRWDCrowdStrike	$1.6m	2.0K
TSMTaiwan Semiconductor Manufacturing Co LTD	$1.3m	2.7K
CEGConstellation Energy	$1.3m	5.1K
MRVLMarvell Technology	$1.2m	4.0K
NOCNorthrop Grumman	$1.2m	2.3K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
BXBlackstone Inc.	−$7.5m	−63.5K
BACBank of America	−$6.5m	−114.7K
HDThe Home Depot	−$5.4m	−15.2K
CPNGCoupang, Inc.	−$3.3m	−173.8K
AAPLApple Inc.	−$3.2m	−11.0K
JPMJPMorgan Chase	−$2.2m	−6.8K
MSMorgan Stanley	−$1.8m	−8.5K
NFLXNetflix	−$1.8m	−24.5K
METAMeta Platforms	−$1.5m	−2.7K
MSFTMicrosoft Corporation	−$1.5m	−4.1K
TWLOTwilio Inc	−$1.5m	−7.3K
SHOPShopify Inc.	−$1.5m	−12.9K
TTMITTM Technologies Inc	−$1.5m	−7.8K
APOApollo Global Management	−$1.4m	−11.7K
MPTMedical Properties Trust Inc	−$1.4m	−299.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
CPNGCoupang, Inc.	$3.3m	173.8K
JDJd.com, Inc.	$1.2m	39.7K
OBDCBlue Owl Capital Corp	$825,834	72.3K
CLOVClover Health Investments, Corp.	$680,420	386.6K
HIIHuntington Ingalls Industries	$630,579	1.7K
RMBSRambus Inc	$565,905	6.6K
LDOSLeidos	$533,978	3.4K
WALWestern Alliance Bancorporation	$503,389	7.1K
MRPMillrose Properties, Inc.	$466,452	16.7K
FTAIFTAI Aviation Ltd.	$446,390	1.8K
FCNFTI Consulting, Inc	$420,340	2.4K
XYLXylem Inc.	$415,405	3.5K
HUBSHubspot Inc	$410,757	1.7K
NFGNational Fuel GAS Co	$400,482	4.2K
TAPMolson Coors Beverage Co	$400,200	9.3K
JKHYJack Henry & Associates Inc	$397,155	2.5K
KTOSKratos Defense & Security Solutions, Inc.	$388,836	5.5K
PBAPembina Pipeline Corp	$366,361	8.2K
DPZDomino's	$360,225	1.0K
WTBAWest Bancorporation Inc	$353,686	14.9K
INSMInsmed Inc	$353,399	2.2K
VRRMVerra Mobility Corp	$350,477	24.5K
TTDTrade Desk, Inc.	$346,811	14.2K
PTCTPTC Therapeutics, Inc.	$324,776	4.8K
CENXCentury Aluminum Co	$316,104	5.4K
AVTAvnet Inc	$311,674	5.1K
MDUMDU Resources Group Inc	$309,559	14.8K
GWREGuidewire Software, Inc.	$307,943	2.1K
GGGGraco Inc	$306,338	3.6K
NENoble Corp plc	$298,984	6.1K

Technology33.5%
Financials15.5%
Industrials12.0%
Consumer Discretionary9.6%
Health Care9.0%
Communication Services6.2%
Consumer Staples5.4%
Energy2.8%
Materials2.2%
Utilities2.1%
Real Estate1.7%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestJune 5, 2020 to November 2, 2026	+12.8%	+16.0%	0.64	0.81	−20.9%	0.95
Last three yearsNovember 3, 2023 to November 2, 2026	+19.3%	+21.8%	1.01	1.16	−17.2%	0.97
Last yearNovember 7, 2025 to November 2, 2026	+12.5%	+14.2%	0.80	0.84	−8.9%	0.83

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.