David Lemons' Portfolio: Heavyweights in Tech & Consumer
Alapocas Investment Partners' portfolio, as of March 31, 2026, is dominated by major tech and consumer stocks, with Alphabet Inc. leading at 16.05% allocation.
Top Holdings Analysis
David Lemons' portfolio at Alapocas Investment Partners, as of March 31, 2026, is heavily concentrated in a select group of high-value stocks. The top five holdings by total stock value are:
- Alphabet Inc (GOOG): Holds 16.05% of the portfolio, valued at $21,204,117
- Amazon.com Inc (AMZN): Allocates 11.80%, worth $15,589,843
- Apple Inc (AAPL): Accounts for 10.23%, valued at $13,519,630
- TJX Cos Inc (TJX): Holds 9.07%, worth $11,984,687
- Visa Inc (V): Allocates 8.38%, valued at $11,072,865
These five stocks alone represent approximately 55.53% of the total portfolio value, showcasing a significant concentration in large-cap US technology and consumer cyclical companies.
Sector Allocation Breakdown
The portfolio demonstrates a clear tilt towards specific sectors, with Technology and Consumer Cyclical being the most prominent allocations:
- Technology: Home to three of the top five holdings (Alphabet, Amazon, Apple) and ADOBE Inc. (ADBE), totaling approximately 15.30% allocation
- Consumer Cyclical: Includes Amazon, TJX Cos, and Copart Inc. (CPRT), representing about 16.33% of the portfolio
- Financial Services: Visa and Moody's Corp (MCO) are positioned here, making up roughly 12.99% allocation
- Consumer Defensive: Costco Wholesale Corporation (COST) is the sole holding in this sector, accounting for 5.18%
- Industrials: Copart Inc. is the only stock in this category, representing 4.33%
- Communication Services: Alphabet is the only stock in this sector, holding 16.05%
- Other: Ferrari N.V. (RACE) is categorized separately, holding 4.63%
The portfolio's allocation favors US-based, large-cap companies, particularly in the technology and consumer-facing sectors.
Investment Strategy & Recent Changes
The investment strategy appears focused on large-cap US technology and consumer stocks, with a notable allocation to consumer cyclical companies. The portfolio holds a diverse set of blue-chip names, though with significant concentration in specific sectors.
Recent changes in holdings show a pattern of reduction across most positions. Alphabet saw a decrease of 5.98% in its portfolio allocation, while Amazon, Apple, TJX, Visa, Adobe, Ferrari, Moody's, and Copart all experienced reductions of 3.46%, 5.32%, 4.54%, 4.30%, 9.56%, 3.58%, 2.96%, and 3.11% respectively. Notably, Costco Wholesale saw a small decrease of 3.78% in its allocation during the period.
This strategy of holding large, established US multinationals appears consistent, with a focus on companies with strong market positions and potentially high growth potential within their sectors.