Managers / Q1 2026
PCM Encore, LLC
CIK 0002109846 · 520 E COOPER AVE., STE. 7C, ASPEN, CO, 81611 · 425-214-1755
Summary
Pcm Encore, LLC reported $486M in U.S.-listed holdings across 445 positions for Q1 2026.
Its largest position, NVDA, represents 4.8% of the portfolio.
Compared with Q4 2025, the fund opened 48 new positions and exited 31.
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 · 66.9% · $325M
- ETP · 18.0% · $87M
- ADR · 11.0% · $53M
- Other · 3.5% · $17M
- REIT · 0.7% · $3M
- Other · 0.1% · $243,721
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ASTRAZENECA PLC | NEW | +8.1K | 8.1K | +$2M | $2M |
| VANGUARD INDEX FDS | NEW | +2.8K | 2.8K | +$571,918 | $571,918 |
| SKMSK TELECOM CO LTD | NEW | +17.8K | 17.8K | +$521,948 | $521,948 |
| ASTSAST SPACEMOBILE INC | NEW | +5.1K | 5.1K | +$418,950 | $418,950 |
| ISHARES TR | NEW | +1.2K | 1.2K | +$373,096 | $373,096 |
| CIENCIENA CORP | NEW | +903 | 903 | +$350,515 | $350,515 |
| BACVERIZON COMMUNICATIONS INC | NEW | +6.8K | 6.8K | +$341,207 | $341,207 |
| DOWDOW HLDGS INC | NEW | +7.4K | 7.4K | +$307,419 | $307,419 |
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 | ISHARES TR | CORE S&P500 ETF · RUSSELL 2000 ETF · CORE MSCI EAFE · RUS TP200 GR ETF · S&P 500 VAL ETF | 6.67% | $32M | 145.5K |
| 2 | NVDANVIDIA CORPORATIONhistory → | COM | 4.81% | $23M | 134.2K |
| 3 | AAPLAPPLE INChistory → | COM | 4.56% | $22M | 87.4K |
| 4 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 3.89% | $19M | 65.8K |
| 5 | MSFTMICROSOFT CORPhistory → | COM | 3.61% | $18M | 47.4K |
| 6 | VTVVANGUARD INDEX FDS | S&P 500 ETF SHS · VALUE ETF | 2.45% | $12M | 30.1K |
| 7 | TSMTAIWAN SEMICONDUCTOR MANUFAChistory → | SPONSORED ADS | 2.38% | $12M | 34.3K |
| 8 | AMZNAMAZON COM INChistory → | COM | 2.20% | $11M | 51.3K |
| 9 | AVGOBROADCOM INChistory → | COM | 1.80% | $9M | 28.3K |
| 10 | LLYELI LILLY & COhistory → | COM | 1.68% | $8M | 8.9K |
| 11 | METAMETA PLATFORMS INChistory → | CL A | 1.48% | $7M | 12.6K |
| 12 | EXMOCEXXON MOBIL CORPhistory → | COM | 1.28% | $6M | 36.6K |
| 13 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 1.24% | $6M | 31.5K |
| 14 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 1.24% | $6M | 12.5K |
| 15 | ISHARES INC | CORE MSCI EMKT | 1.23% | $6M | 85.9K |
| 16 | MORGAN STANLEY ETF TRUST | EATON VANCE TOTA · EATON VANCE SHOR | 1.21% | $6M | 115.3K |
| 17 | TSLATESLA INChistory → | COM | 1.16% | $6M | 15.2K |
| 18 | JPMJPMORGAN CHASE & COhistory → | COM | 1.02% | $5M | 16.8K |
| 19 | VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 0.96% | $5M | 72.8K |
| 20 | NFLXNETFLIX INC. | COM | 0.83% | $4M | 42.0K |
| 21 | VANGUARD WORLD FD | MEGA GRWTH IND | 0.75% | $4M | 10.0K |
| 22 | CATCATERPILLAR INC | COM | 0.74% | $4M | 5.1K |
| 23 | WMTWALMART INC | COM | 0.71% | $3M | 27.6K |
| 24 | LRCXLAM RESEARCH CORP | COM NEW | 0.68% | $3M | 15.5K |
| 25 | VVISA INC | COM CL A | 0.67% | $3M | 10.8K |
| 26 | CHVCHEVRON CORPORATION | COM | 0.64% | $3M | 15.1K |
| 27 | COSTCOSTCO WHOLESALE CORPORATION | COM | 0.57% | $3M | 2.8K |
| 28 | GE AEROSPACE | COM NEW | 0.51% | $2M | 8.7K |
| 29 | SHELSHELL PLC | SPON ADS | 0.49% | $2M | 25.9K |
| 30 | BACBANK AMERICA CORP | COM | 0.49% | $2M | 49.1K |
| 31 | ABBVABBVIE INC | COM | 0.47% | $2M | 10.5K |
| 32 | GSGOLDMAN SACHS GROUP INC | COM | 0.46% | $2M | 2.7K |
| 33 | MAMASTERCARD INCORPORATED | CL A | 0.45% | $2M | 4.4K |
| 34 | MRKMERCK & CO INC | COM | 0.45% | $2M | 18.0K |
| 35 | AMDADVANCED MICRO DEVICES INC | COM | 0.44% | $2M | 10.5K |
| 36 | CRCCANADIAN NAT RES LTD MED TER | COM | 0.42% | $2M | 42.1K |
| 37 | PGPROCTER & GAMBLE CO | COM | 0.41% | $2M | 13.9K |
| 38 | MUMICRON TECHNOLOGY INC | COM | 0.41% | $2M | 5.9K |
| 39 | NVSNNOVARTIS AG | SPONSORED ADR | 0.40% | $2M | 12.6K |
| 40 | HDHOME DEPOT INC | COM | 0.40% | $2M | 5.9K |
| 41 | JNJJOHNSON & JOHNSON | COM | 0.38% | $2M | 7.5K |
| 42 | KBIAKB FINL GROUP INC | SPONSORED ADR | 0.36% | $2M | 17.4K |
| 43 | CLSCELESTICA INC | COM | 0.35% | $2M | 6.1K |
Filing History
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 ↗.