Avalon Capital Management Q2 2026: Major Investments in Gold and Technology Stocks

As reported for the period ending June 30th, 2026, Avalon Capital Management's portfolio experienced notable shifts. The total value remained substantial at $408.8 million.

The investor demonstrated a clear focus on growth, particularly in the Technology and Communication Services sectors. Alphabet Inc (GOOGL) saw its position significantly bolstered with an increase of 10.69% in shares ($53.9M value), while Amazon.com Inc (AMZN) also increased slightly by 23.56%. In contrast, Cisco Systems Inc (CSCO) maintained a static position.

There were substantial new purchases noted during this quarter. The investor added a significant amount of exposure to the Global X Funds ETF, specifically investing in the GLOBAL X FDS (SIL) fund with an increase of 79,781 shares (+712.84%) adding $7.0M to its value ($7.0M invested). Similarly, a new position was initiated in the SELECT SECTOR SPDR TRUST for the Energy sector (XLE), acquiring 56,795 shares at their full value of $3.0M.

Concurrently, there were major additions to existing positions or sectors not previously disclosed as part of the portfolio's holdings structure. The SCHWAB STRATEGIC TR increased by 100%, and the VANECK ETF TRUST (GDX) saw a substantial increase of 31.41%. Furthermore, the portfolio added shares to SPDR GOLD TR (GLD), increasing its allocation significantly.

The investor also engaged in divestment activities during Q2 2026. Notably, they sold shares from Chevron Corporation (CVX) (-61.37%), reducing its position value by $3.3M and percentage allocation slightly to 0.78%. Additionally, the VANECK ETF TRUST (ILF) was reduced significantly with an -83.17% change.

Overall, Avalon Capital Management's portfolio turnover rate appears high for this period, reflecting active management strategies focused on capitalizing on sector-specific opportunities and managing risk through selective exits.