Paul Lountzis Portfolio Shift: Major Technology Sales, New Consumer Picks

As of September 30, 2026, Paul Lountzis, managing Lountzis Asset Management, saw his portfolio value reach $301.19 million. This comprehensive filing details the changes made to his holdings during the most recent quarter, revealing a dynamic portfolio with 56 distinct positions.

The portfolio's allocation remains heavily concentrated in Financial Services, Technology, and Communication Services, reflecting its core investment strategy. Financial Services constitutes 48.51% of the portfolio value ($146.11 million), Technology accounts for 31.3% ($94.27 million), and Communication Services makes up 7.34% ($22.09 million).

Among the most significant actions this quarter were substantial reductions in holdings within the Technology sector. Applied Materials (AMAT) experienced a notable decrease of 10.01% in its portfolio weight, dropping from its previous allocation. This was accompanied by a significant reduction in the number of shares held, reflecting a deliberate divestment. Similarly, Wells Fargo & Co. (WFC) saw its portfolio weight decrease by 0.92 percentage points, and its share count decline by 2,209 shares.

The investor also demonstrated a clear preference for Technology, significantly increasing the stake in Oracle Corp. (ORCL) by 6.28 percentage points in portfolio weight, adding 5,800 shares. This move, however, only slightly increased the overall portfolio weight for Technology to 31.3%. Another major Technology player, Nvidia Corp. (NVDA), saw its portfolio weight increase by 0.31 percentage points, albeit from a very small base, adding 4,089 shares.

Perhaps the most striking purchase was the new Alphabet Inc. Class C (GOOG) position, which jumped dramatically by 85.16 percentage points in portfolio weight, adding 4,654 shares. This suggests a strong conviction in the company, despite its current small allocation of just 1.14%. Rollins Inc. (ROL) also saw a massive increase, adding 253,765 shares (equivalent to a 100% increase from the prior period) and boosting its portfolio weight by 2.53 percentage points.

Additionally, the investor added a small stake in Cloudflare Inc. (NET), increasing its portfolio weight by 0.31 percentage points (from 2.47% to 2.78%) despite a slight decrease in shares (-2,725). Other additions include Eurofins Scientific (L31839134), Charles Schwab Corp. (SCHW), and Liberty Media Corp. (FWONK), each contributing a modest increase to their respective sectors.

In summary, Paul Lountzis's portfolio filing for the period ending September 30, 2026, shows a continued focus on large-cap Technology and Financial Services stocks, but with clear adjustments. Significant sales occurred in Applied Materials and Wells Fargo, while major buys included Oracle, Alphabet Class C, and Rollins Inc., the latter being a newly added position.