Peregrine Capital Management Llc Activity Analysis: Strategic Shifts in Q2 2026 Portfolio
A detailed look at Peregrine Capital's portfolio changes during the second quarter of 2026, highlighting key purchases and sales.
As of June 30th, 2026, Peregrine Capital Management Llc's portfolio shows a mix of stability and strategic adjustments. The fund's total value stands at $2.93 billion, with most capital concentrated in Technology (28.8%) and Healthcare stocks.
Major Purchases This Quarter
Peregrine Capital demonstrated significant buying activity during Q2 2026, adding substantial positions to several sectors:
- Healthcare: The fund made notable additions including ARS Pharmaceuticals (SPRY), increasing its stake by 100% ($5.38M value), and significantly boosting holdings in Brightspring Health Services (BTSG) with a 100% increase.
- Real Estate: A major purchase was the acquisition of nearly all shares for the Sabra Health Care REIT (SBRA), representing a 100% increase in this position.
- Technology: The investor significantly expanded its Technology portfolio, notably adding Shopify Inc. (SHOP) with a substantial purchase of 185,136 shares at $0.42M value.
Significant Sales and Reductions
In contrast to the buying activity, Peregrine Capital also saw reductions in several key holdings:
- Technology: The investor sold shares of NetSuite (NOW), reducing its stake by 5.6% ($12M value), and decreased holdings in CrowdStrike Holdings (CRWD) by 17.18%.
- Healthcare: The position in Adaptive Biotechnologies (ADPT) was reduced, with a decrease of 19.22% ($7.5M value).
- Communication Services: The investor sold shares in Alphabet Inc (GOOGL), decreasing its allocation by 19.46% ($30M value).
- Financial Services: Reductions occurred in both Uber Technologies Inc (UBER) and Visa Inc Class A (V), with decreases of 0.82% ($3M value) and 12.85% ($7M value), respectively.
Portfolio Stability and Sector Shifts
The core holdings, including Alphabet Inc (GOOGL) at 3.35%, Amazon.com Inc (AMZN) at 3.35%, Cloudflare (NET) at 3.07%, and Netflix Inc (NFLX) at 0.87% remained largely unchanged or saw minimal reductions.
However, the data suggests a subtle shift in focus:
- The Technology sector allocation decreased slightly from previous periods due to exits like those of NetSuite and CrowdStrike.
- Healthcare also experienced net reduction pressure despite new purchases elsewhere within the sector.
Detailed Holdings Changes
Peregrine Capital's portfolio saw specific changes across various stocks:
- Shopify (SHOP): Acquired shares, increasing allocation.
- ARS Pharmaceuticals (SPRY): A new position added to the portfolio.
- Brightspring Health Services (BTSG): Acquired shares, boosting Technology allocation slightly.
- NetSuite (NOW): Sold shares significantly, impacting the portfolio's Technology weighting.
Overall, while maintaining a strong position in major sectors like Technology and Healthcare, Peregrine Capital Management Llc showed clear buying interest in smaller-cap or newer positions during Q2 2026. Further details on all holdings changes can be explored via the investor's filing data.