Qsemble Capital Management Q2 2026 Portfolio Activity: Strategic Shifts in Tech and Energy

Qsemble Capital Management's portfolio saw notable shifts this quarter as evidenced by the disclosed holdings data. The firm demonstrated a clear focus on Technology while showing reduced exposure in Energy and exiting certain positions.

Significant Purchases: Concentrating on Technology

This quarter, Qsemble Capital Management significantly bolstered its position in COGNIZANT TECHNOLOGY SOLUTIONS (CTSH), increasing shares by 100% to become a top holding. This substantial addition aligns with the firm's apparent strategy of favoring Technology stocks.

Furthermore, Qsemble added considerable weight in other sectors through various purchases:

• Financial Services: Acquired positions in CME GROUP (CME), AMERICAN INTL GROUP (AIG), and KEYCORP.
• Healthcare: Increased holdings in MCKESSON CORP (MCK) and ABBOTT LABORATORIES (ABT).
• Industrials: Added shares in COPART INC (CPRT).
• Communication Services: Included investments in AT&T (T), ZILLOW GROUP (Z), and PINTEREST INC (PINS).
• Consumer Cyclical: Purchased stakes in several companies including TJX COS INC NEW (TJX), COUPANG INC (CPNG), and CHIPOTLE MEXICAN GRILL INC (CMG).
• Energy: Acquired shares in PERMIAN RESOURCES CORP (PR), SLB LIMITED (SLB), and AMERICAN AIRLINES GROUP INC (AAL).
• Utilities: Added a position in SUNRUN INC (RUN), though this allocation remains small.
• Basic Materials: Included shares of CLEVELAND-CLIFFS INC NEW (CLF).

Strategic Reductions and Exits: Energy Sector Contraction

In contrast to the Technology focus, Qsemble significantly reduced its holdings in certain stocks:

• Energy: The firm sold a large portion of its Permian Resources Corp (PR) position (PR) reducing it by 75.02%. Additionally, holdings in SLB LIMITED (SLB) decreased substantially by 84.99%.
• Energy: The position in HALLIBURTON CO (HAL) also saw a significant reduction of 176.04%, though it was still present at the end of the quarter.

Other Changes and Portfolio Insights

The portfolio's structure changed notably this period, with new positions appearing in sectors like Communication Services (T, Z) and Consumer Defensive (SLB). Conversely, the firm exited positions in stocks like INTERCONTINENTAL EXCHANGE INC (ICE), CAPITAL ONE FINL CORP (COF), and JOBY AVIATION INC (G65163100).

The total portfolio value remained substantial at $764.8 million as of June 30, 2026. The holding count increased slightly to 357 positions this quarter.

Conclusion: Diversified Holdings with Tech Emphasis

This analysis reveals Qsemble Capital Management's active management style during the second quarter of 2026, characterized by strategic buying in Technology and other sectors alongside significant reductions or exits from certain Energy holdings. For more detailed information on their investment activities throughout this period, please refer to Qsemble Capital Management's filing.