Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC declares $1.1B in 10 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 33.3% of its $3.2B 13F portfolio. Largest positions: Texas Pacific Land (0.86% of the company) and NVIDIA (0.00% of the company). Over time: $1.1B in 10 of these companies for Q2 2026, against $176.6M in 8 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $7.6M and sold $13.1M of these stocks, at the quarter's prices: a net sale of $5.5M.

Performance of its AI picks

The AI-stock portfolio Pacific Heights Asset Management LLC declared for Q2 2026 (Form 13F), held unchanged, returned +5.9% in Q3 2026 (SMH -7.1%), ranked 449 of 1,783 active managers. Over the last 12 months, quarter after quarter: +11.8% (SMH +87.2%), ranked 1302 of 1,359 active managers. Over three years, quarter after quarter: +279.3% (SMH +325.8%). Over five years, quarter after quarter: +386.5% (SMH +389.8%). Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. Texas Pacific Land (TPL) — $258.2M: 590,000 shares, 0.86% of the company, 8.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
2. NVIDIA (NVDA) — $175.1M: 875,000 shares, 0.00% of the company, 5.5% of its portfolio; held since Q4 2019 or earlier
3. Palantir (PLTR) — $166.3M: 1.4M shares, 0.06% of the company, 5.3% of its portfolio (added this quarter); held since Q4 2020
4. Meta Platforms (META) — $129.6M: 230,000 shares, 0.01% of the company, 4.1% of its portfolio; held since Q4 2019 or earlier
5. Arm Holdings (ARM) — $115.2M: 325,000 shares, 0.03% of the company, 3.6% of its portfolio; held since Q2 2025
6. Broadcom (AVGO) — $98.2M: 260,000 shares, 0.01% of the company, 3.1% of its portfolio; held since Q4 2019 or earlier
7. American Tower (AMT) — $32.7M: 200,000 shares, 0.04% of the company, 1.0% of its portfolio; held since Q3 2023
8. Digital Realty (DLR) — $26.9M: 150,000 shares, 0.04% of the company, 0.85% of its portfolio; held since Q4 2019 or earlier
9. IPG Photonics (IPGP) — $26.4M: 225,000 shares, 0.53% of the company, 0.84% of its portfolio; held since Q4 2019 or earlier
10. Autodesk (ADSK) — $24.3M: 125,000 shares, 0.06% of the company, 0.77% of its portfolio; held since Q4 2019 or earlier

By sector

• Chips & compute — $388.5M, 37% of its AI holdings, 3 companies
• Neoclouds & data centers — $317.9M, 30% of its AI holdings, 3 companies
• AI software — $190.6M, 18% of its AI holdings, 2 companies
• Cloud & AI giants — $129.6M, 12% of its AI holdings, 1 company
• Optics — $26.4M, 3% of its AI holdings, 1 company

Biggest changes this quarter

• trimmed Texas Pacific Land (TPL): -$13.1M at the quarter's price
• added to Palantir (PLTR): +$7.6M at the quarter's price

Other holders of this size

• Vanguard — $3.6T in 225 of these companies
• BlackRock — $3.1T in 226 of these companies
• State Street — $1.6T in 222 of these companies
• Fidelity (FMR) — $1.2T in 223 of these companies
• Geode Capital — $890.9B in 220 of these companies
• Capital Group — $881.7B in 132 of these companies
• JPMorgan — $717.8B in 225 of these companies
• Invesco — $683.3B in 220 of these companies

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