Morangie Management Llc Investment Activity Analysis: Q2 2026 Portfolio Shifts

As of June 30th, 2026, Morangie Management Llc has demonstrated active investment management within its portfolio. The total value remains substantial at $11.8 million.

Focusing on Index Funds

Morangie Management appears to have significantly increased its allocation towards index funds this quarter:

• VO (Vanguard Index Fund) saw a remarkable increase in shares, effectively doubling the position from the previous period.
• The fund also added significant positions to VGT (Vanguard World Fund) and VUG (Vanguard Index Fund), increasing holdings by 70% for VGT and adding a substantial number of shares to VUG.

Reducing Concentration in Specific Stocks

In contrast, the fund significantly reduced its exposure to certain individual stocks:

• DKNG (DraftKings Inc) experienced a substantial decrease of over 20% in shares held by Morangie Management.
• The position in KVYO (Klaviyo Inc) also saw a notable reduction, indicating an exit strategy for this specific stock.

Mixed Signals in Technology Sector

The Technology sector showed mixed signals:

• CRM (Salesforce Inc) saw a decrease of nearly 12%.
• MSFT (Microsoft Corp) experienced a small reduction, just under 6%.
• PLTR (Palantir Technologies Inc) also saw a slight decrease of about 4% in shares.
• UBER (Uber Technologies Inc) decreased by approximately 17%.
• The fund also added a small position to MS (Morgan Stanley), increasing shares slightly, though this is already included in the Financial Services discussion below.

Financial Services Sector Changes

In the Financial Services sector:

• BAC (Bank of America Corp) saw a decrease in shares, albeit small (-0.72%).
• The fund added positions to several Financial Services holdings: Morgan Stanley (MS) increased slightly (though already noted), JPMorgan Chase & Co (JPM) added a small number of shares, and Wells Fargo Corp (WELL) saw an increase.
• However, the fund significantly reduced its position in J P Morgan ETF Shares (JPEF"). This was a substantial decrease of over 1.6%.

Consumer Cyclical Sector Activity

In the Consumer Cyclical sector:

• The fund significantly reduced its position in DraftKings (DKNG") by over 20%.
• Conversely, the fund added a new position to Amazon Inc (AMZN") via its index funds (VOO), increasing shares dramatically in this category as well.