Collar Capital Management LLC: Significant Portfolio Shifts in Q2 2026

As of Collar Capital Management, Llc's latest filing dated for the period ending June 30, 2026, investors can observe notable changes in its portfolio holdings. The fund's total value stands at $167,090,611.

Among the most significant activities this quarter are substantial new purchases and noteworthy reductions across various sectors:

• New Positions: Collar Capital Management initiated large positions in Western Un CO (WU), acquiring 443,887 shares valued at $3.42 million (+100% increase), and Blue Owl Capital Inc (OWL), adding 195,015 shares worth $1.71 million (+100% increase).
• Significant Reductions: The fund significantly decreased its stake in several major holdings: Micron Technology Inc (MU), reducing shares by 50.7% ($12,349,749 value), and Western Digital Corp (WDC), cutting holdings by 50.67% ($6,057,620 value). Other notable decreases include Intel Corp (INTC) (-35.98%), UnitedHealth Group Inc (UNH) (-3.62%), CitiGroup Inc (C) (-5.41%), and Target Corp (TGT) (-2.76%).
• Other Changes: The fund also made adjustments to other positions, including adding shares in Conagra Brands Inc (CAG), Archer Aviation Inc (ACHR), Qualcomm Inc (QCOM), Northern Oil & Gas Inc (NOG), Kayne Anderson Energy Infrastructure Fund (KYN), and exiting positions like Annaly Capital Management Inc (NLY) and Huntsman Corp (HUN).

These actions reflect a dynamic investment strategy focused on capitalizing on specific opportunities while managing existing large holdings. The significant increase in Western Union stock suggests confidence in its potential, despite the company's challenging background following the acquisition by WU's parent company.

Conversely, the sharp reduction in Micron and Western Digital indicates a strategic shift away from these high-value technology stocks. Intel also saw substantial cuts, while more modest adjustments occurred with UnitedHealth, CitiGroup, Target, and other holdings like Alphabet Inc (GOOG) (-3.21%) and Apple Inc (AAPL) (-2.47%).

The portfolio's sector allocation remains diverse, with Technology still being a major focus at 31.26% of the total value ($52 million), followed by Financial Services at 16.54% ($28 million) and Healthcare at 7.26% ($12 million). New positions in Western Union and Blue Owl further emphasize the investor's allocation within this sector.

Additionally, Collar Capital Management added exposure to companies like Conagra Brands (Consumer Defensive), Archer Aviation (Industrials), Qualcomm (Technology), Northern Oil & Gas (Energy), Kayne Anderson Energy Infrastructure Fund (Financial Services), and exited positions in sectors including Real Estate (Annaly) and Basic Materials (Huntsman, VFC). The fund also held minor stakes in stocks like TRONOX Holdings PLC.

Overall, the portfolio shows a mix of bold new investments alongside significant reductions in previously large holdings. This quarter's activity highlights the investor's responsiveness to market movements and specific investment opportunities emerging during this period.