David Lemons Portfolio Concentration: Analysis of Top Holdings and Sectors as of September 30, 2026

As of September 30, 2026, David Lemons' portfolio at Alapocas Investment Partners, with a total value of $100,223,361, demonstrates notable concentration in specific sectors and holdings. This analysis focuses on the largest positions and overall sector allocation, providing insight into the current portfolio structure.

The top holdings by weight reveal that Lemons' portfolio is heavily weighted towards large-cap technology and consumer-focused stocks. Alphabet Inc (GOOG) represents the largest position, accounting for 14.66% of the portfolio. This is followed by Amazon Inc (AMZN) at 12.59%, Apple Inc (AAPL) at 12.0%, Visa Inc (V) at 10.08%, and Qualys Inc (QLYS) at 7.55%. These significant allocations underscore a strategic focus on established names within key growth areas.

Examining the sector allocation provides a broader view of concentration. Technology is the dominant sector, comprising 22.33% of the portfolio value. Consumer Cyclical follows closely with 25.74%, reflecting substantial exposure to companies like Amazon and Alphabet. Financial Services allocation stands at 17.49%, highlighting a considerable portion dedicated to this sector, including holdings in Visa and Moody's Corporation. Communication Services, represented by Alphabet, accounts for 16.0% of the portfolio.

Industrials, Healthcare, and Consumer Defensive sectors also show meaningful allocations, with Copart Inc (CPRT) at 4.07%, Dana and Heather Inc (DHR) at 2.38%, Align Technology Inc (ALGN) at 3.08%, and Costco Wholesale Corporation (COST) at 4.21%. The Real Estate sector holds a smaller allocation of 0.54%, while the Unknown sector accounts for 1.33%. This distribution indicates a diversified approach, yet heavily reliant on specific industry groups.

It's important to note that the portfolio includes several holdings that have seen changes in their share count from the previous period. Notably, Copart Inc (CPRT) experienced a significant increase of 23.62% in its share count. Other major holdings like Alphabet Inc (GOOG), Amazon Inc (AMZN), Apple Inc (AAPL), Visa Inc (V), and Qualys Inc (QLYS) all saw decreases in their share counts, ranging from 0.65% to 8.82%. Costco Wholesale Corporation (COST) also decreased slightly, while Dominos Pizza Inc (DPZ) saw a small increase.

In summary, David Lemons' portfolio as of September 30, 2026, is characterized by significant concentration in Technology, Consumer Cyclical, and Financial Services. Key holdings include major positions in Alphabet Inc (GOOG), Amazon Inc (AMZN), Apple Inc (AAPL), and Visa Inc (V). For more detailed information on Alapocas Investment Partners' holdings, you can visit their profile page. Specific stock details, including links to company pages, are available for Alphabet Inc (GOOG), Amazon Inc (AMZN), Apple Inc (AAPL), Visa Inc (V), and Qualys Inc (QLYS).