Managers / Q1 2026
Connective Capital Management, LLC
CIK 0001543568 · 720 UNIVERSITY AVENUE, PALO ALTO, CA, 94301 · (650) 321-4545
Summary
Connective Capital Management, LLC reported $121M in U.S.-listed holdings across 66 positions for Q1 2026.
Its largest position, NDQ, represents 17.1% of the portfolio.
Compared with Q4 2025, the fund opened 35 new positions and exited 26.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 65.6% · $79M
- ETP · 30.6% · $37M
- ADR · 3.7% · $4M
- Other · 0.2% · $235,871
- Equity WRT · 0.0% · $17,699
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| PANWPALO ALTO NETWORKS INC | NEW | +29.6K | 29.6K | +$5M | $5M |
| SHOPSHOPIFY INC | NEW | +38.9K | 38.9K | +$5M | $5M |
| DASHDOORDASH INC | NEW | +30.1K | 30.1K | +$5M | $5M |
| QCOMQUALCOMM INC | NEW | +35.0K | 35.0K | +$5M | $5M |
| MPWRMONOLITHIC PWR SYS INC | NEW | +4.1K | 4.1K | +$4M | $4M |
| KLACKLA CORP | NEW | +2.9K | 2.9K | +$4M | $4M |
| ARMARM HOLDINGS PLC | NEW | +28.7K | 28.7K | +$4M | $4M |
| AMATAPPLIED MATLS INC | NEW | +12.3K | 12.3K | +$4M | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 17.06% | $21M | 35.8K |
| 2 | ISRGINTUITIVE SURGICAL INChistory → | COM NEW | 8.90% | $11M | 23.4K |
| 3 | PROSHARES TR | PSHS ULTRA QQQ | 5.33% | $6M | 105.9K |
| 4 | MSFTMICROSOFT CORPhistory → | COM | 4.39% | $5M | 14.4K |
| 5 | AAPLAPPLE INChistory → | COM | 4.06% | $5M | 19.4K |
| 6 | PANWPALO ALTO NETWORKS INChistory → | COM | 3.92% | $5M | 29.6K |
| 7 | SHOPSHOPIFY INChistory → | CL A SUB VTG SHS | 3.81% | $5M | 38.9K |
| 8 | DASHDOORDASH INChistory → | CL A | 3.73% | $5M | 30.1K |
| 9 | QCOMQUALCOMM INChistory → | COM | 3.72% | $5M | 35.0K |
| 10 | MPWRMONOLITHIC PWR SYS INChistory → | COM | 3.71% | $4M | 4.1K |
| 11 | KLACKLA CORPhistory → | COM NEW | 3.58% | $4M | 2.9K |
| 12 | ARMARM HOLDINGS PLChistory → | SPONSORED ADS | 3.58% | $4M | 28.7K |
| 13 | ISHARES TR | RUS 2000 GRW ETF | 3.49% | $4M | 13.5K |
| 14 | AMATAPPLIED MATLS INChistory → | COM | 3.48% | $4M | 12.3K |
| 15 | EXMOCEXXON MOBIL CORPhistory → | COM | 3.32% | $4M | 23.7K |
| 16 | SPDR SERIES TRUST | STATE STREET SPD | 2.97% | $4M | 25.7K |
| 17 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 1.80% | $2M | 7.6K |
| 18 | MLB1MERCADOLIBRE INChistory → | COM | 1.78% | $2M | 1.2K |
| 19 | UNHUNITEDHEALTH GROUP INChistory → | COM | 1.75% | $2M | 7.8K |
| 20 | CCOCAMECO CORPhistory → | COM | 1.68% | $2M | 18.8K |
| 21 | COPCONOCOPHILLIPShistory → | COM | 1.68% | $2M | 15.4K |
| 22 | UMACUNUSUAL MACHS INChistory → | COM SHS | 1.12% | $1M | 109.0K |
| 23 | AMZNAMAZON COM INChistory → | COM | 1.06% | $1M | 6.2K |
| 24 | VANECK ETF TRUST | GOLD MINERS ETF · JUNIOR GOLD MINE | 1.01% | $1M | 12.1K |
| 25 | METAMETA PLATFORMS INC | CL A | 0.91% | $1M | 1.9K |
| 26 | HOODROBINHOOD MKTS INC | COM CL A | 0.77% | $936,797 | 13.5K |
| 27 | VPGVISHAY PRECISION GROUP INC | COM | 0.59% | $713,174 | 16.4K |
| 28 | GQ9SPDR GOLD TR | GOLD SHS | 0.54% | $653,180 | 1.5K |
| 29 | CBUSCIBUS INC | CL A COM STK | 0.46% | $552,420 | 279.0K |
| 30 | SNPSSYNOPSYS INC | COM | 0.45% | $548,332 | 1.4K |
| 31 | ERIIENERGY RECOVERY INC | COM | 0.41% | $493,692 | 49.0K |
| 32 | GRCEGRACE THERAPEUTICS INC | COM | 0.32% | $391,462 | 84.5K |
| 33 | DOMHDOMINARI HOLDINGS INC | COM NEW | 0.31% | $371,244 | 114.2K |
| 34 | NFLXNETFLIX INC. | COM | 0.28% | $342,390 | 3.6K |
| 35 | CEGCONSTELLATION ENERGY CORP | COM | 0.26% | $317,228 | 1.1K |
| 36 | COSTCOSTCO WHOLESALE CORPORATION | COM | 0.26% | $312,879 | 314 |
| 37 | ACTUACTUATE THERAPEUTICS INC | COM | 0.26% | $310,349 | 113.3K |
| 38 | WMTWALMART INC | COM | 0.25% | $304,610 | 2.5K |
| 39 | PLTRPALANTIR TECHNOLOGIES INC | CL A | 0.24% | $293,145 | 2.0K |
| 40 | CSCOCISCO SYS INC | COM | 0.24% | $287,471 | 3.7K |
| 41 | AVGOBROADCOM INC | COM | 0.23% | $279,797 | 904 |
| 42 | NVDANVIDIA CORPORATION | COM | 0.23% | $276,424 | 1.6K |
| 43 | LRCXLAM RESEARCH CORP | COM NEW | 0.22% | $268,357 | 1.3K |
| 44 | TSLATESLA INC | COM | 0.22% | $265,801 | 715 |
| 45 | CODACODA OCTOPUS GROUP INC | COM NEW | 0.21% | $254,001 | 22.5K |
| 46 | AMDADVANCED MICRO DEVICES INC | COM | 0.20% | $246,150 | 1.2K |
| 47 | MUMICRON TECHNOLOGY INC | COM | 0.19% | $230,745 | 683 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $121M | 66 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $170M | 57 | Feb 19, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $109M | 73 | Nov 17, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $107M | 50 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $109M | 47 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $86M | 68 | Feb 18, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $110M | 38 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $56M | 32 | Aug 19, 2024 | RESTATEMENT | changes · EDGAR ↗ |
| Q1 2024 | $120M | 102 | May 17, 2024 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.