SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Connective Portfolio Management, LLC

CIK 0001905083 · 630 THIRD AVENUE, 21ST FLOOR, NEW YORK, NY, 10017 · 212-332-7932

Reported Value
$47M
Q2 2025
Positions
30
Filings on Record
19
2022–present window
Filed
Jul 9, 2025
original filing

Summary

Connective Portfolio Management, LLC reported $47M in U.S.-listed holdings across 30 positions for Q2 2025.

Its largest position, IAU, represents 8.3% of the portfolio.

Compared with Q1 2025, the fund opened 16 new positions and exited 11.

Portfolio Metrics

Turnover
+33.7%
vs prior filed quarter
Top-10 Concentration
+59.5%
share of reported value
Largest Position
+8.3%
Ishares Gold Tr
New / Exited
16 / 11
positions this quarter

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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’21: $57MQ4 ’21Q1 ’22: $47MQ2 ’22: $58MQ3 ’22: $31MQ3 ’22Q4 ’22: $47MQ1 ’23: $32MQ2 ’23: $40MQ2 ’23Q3 ’23: $33MQ4 ’23: $49MQ1 ’24: $57MQ1 ’24Q2 ’24: $62MQ3 ’24: $57MQ4 ’24: $67MQ4 ’24Q1 ’25: $30MQ2 ’25: $47MQ3 ’25: $57MQ3 ’25Q4 ’25: $55MQ1 ’26: $37MQ2 ’26: $60MQ2 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 74.4%ETP: 24.0%ADR: 1.6%
  • Common Stock · 74.4% · $35M
  • ETP · 24.0% · $11M
  • ADR · 1.6% · $734,350

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IBMINTERNATIONAL BUSINESS MACHSNEW+11.2K11.2K+$3M$3M
LRCXLAM RESEARCH CORPNEW+25.0K25.0K+$2M$2M
EWZISHARES INCNEW+70.0K70.0K+$2M$2M
COINCOINBASE GLOBAL INCNEW+5.3K5.3K+$2M$2M
RKLBROCKET LAB CORPNEW+48.0K48.0K+$2M$2M
MRVLMARVELL TECHNOLOGY INCNEW+22.0K22.0K+$2M$2M
SPROTT PHYSICAL GOLD TRNEW+65.0K65.0K+$2M$2M
EEMISHARES TRNEW+26.0K26.0K+$1M$1M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2025

29 positions (from 30 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IAUISHARES GOLD TRhistory →ISHARES NEW8.32%$4M62.0K
2MSFTMICROSOFT CORPhistory →COM7.95%$4M7.5K
3IBMINTERNATIONAL BUSINESS MACHShistory →COM7.02%$3M11.2K
4NVDANVIDIA CORPORATIONhistory →COM6.45%$3M19.4K
5GLDSPDR GOLD TRhistory →GOLD SHS6.21%$3M9.5K
6LRCXLAM RESEARCH CORPhistory →COM NEW5.21%$2M25.0K
7EEMISHARES TRMSCI EMG MKT ETF · MSCI INDIA ETF5.19%$2M47.0K
8AVGOBROADCOM INChistory →COM4.80%$2M8.3K
9EWZISHARES INChistory →MSCI BRAZIL ETF4.33%$2M70.0K
10COINCOINBASE GLOBAL INChistory →COM CL A3.98%$2M5.3K
11RKLBROCKET LAB CORPhistory →COM3.68%$2M48.0K
12MRVLMARVELL TECHNOLOGY INChistory →COM3.65%$2M22.0K
13UBERUBER TECHNOLOGIES INChistory →COM3.57%$2M18.0K
14SPROTT PHYSICAL GOLD TRUNIT3.53%$2M65.0K
15ROKROCKWELL AUTOMATION INChistory →COM2.85%$1M4.0K
16AMZNAMAZON COM INChistory →COM2.58%$1M5.5K
17NFLXNETFLIX INChistory →COM2.58%$1M900
18RKTROCKET COS INChistory →COM CL A2.13%$992,60070.0K
19HESHESS CORPhistory →COM2.10%$978,1706.9K
20SNOWSNOWFLAKE INChistory →CL A1.92%$895,0804.0K
21PLTRPALANTIR TECHNOLOGIES INChistory →CL A1.70%$793,2705.8K
22CMGCHIPOTLE MEXICAN GRILL INChistory →COM1.61%$749,84012.9K
23SAPSAP SEhistory →SPON ADR1.57%$734,3502.4K
24MAMASTERCARD INCORPORATEDhistory →CL A1.49%$697,2931.2K
25PGRPROGRESSIVE CORPhistory →COM1.43%$667,1502.5K
26CIENCIENA CORPhistory →COM NEW1.39%$650,6408.0K
27PGPROCTER AND GAMBLE COhistory →COM1.30%$606,1873.8K
28PWRQUANTA SVCS INChistory →COM1.04%$485,8381.3K
29APLDAPPLIED DIGITAL CORPCOM NEW0.43%$201,40020.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$60M39Jul 7, 202613F-HRchanges · EDGAR ↗
Q1 2026$37M25Apr 16, 202613F-HRchanges · EDGAR ↗
Q4 2025$55M38Jan 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$57M38Oct 16, 202513F-HRchanges · EDGAR ↗
Q2 2025$47M30Jul 9, 202513F-HRchanges · EDGAR ↗
Q1 2025$30M25Apr 22, 202513F-HRchanges · EDGAR ↗
Q4 2024$67M55Jan 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$57M42Oct 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$62M46Jul 30, 202413F-HRchanges · EDGAR ↗
Q1 2024$57M46Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$49M39Jan 17, 202413F-HRchanges · EDGAR ↗
Q3 2023$33M34Oct 19, 202313F-HRchanges · EDGAR ↗
Q2 2023$40M43Jul 17, 202313F-HRchanges · EDGAR ↗
Q1 2023$32M30Apr 17, 202313F-HRchanges · EDGAR ↗
Q4 2022$47M49Jan 25, 202313F-HRchanges · EDGAR ↗
Q3 2022$31M35Oct 26, 202213F-HRchanges · EDGAR ↗
Q2 2022$58M48Jul 18, 202213F-HRchanges · EDGAR ↗
Q1 2022$47M39Apr 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$57M51Feb 7, 202213F-HRchanges · 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 ↗.