KENNICOTT CAPITAL MANAGEMENT LLC

RIA/Wealth

KENNICOTT CAPITAL MANAGEMENT LLC is a RIA/Wealth led by Lawrence Michael Dan, reporting $323.7M in AUM as of Q3 2025 with 93% ETF concentration, 75% concentrated in top 10 holdings, and 18% allocation to QQQ.

Managing PartnerLawrence Michael Dan

Portfolio Value: $207.2M
Positions: 49
Top Holding: QQQ at 17.66%
Last Reported: Q3 2025

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Top Holdings

Largest long holdings in KENNICOTT CAPITAL MANAGEMENT LLC's portfolio (75.2% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Invesco QQQ Trust QQQ	ETF ETF	$36.6M	17.66%	-$387.8K Sold	— 61.0K shares	Q1 2021 Held for 4y 9m
2 Vanguard Growth VUG	ETF ETF	$28.0M	13.53%	+$381.8K Bought	— 58.5K shares	Q1 2021 Held for 4y 9m
3 Vanguard Large-Cap VV	ETF ETF	$21.8M	10.53%	-$99.7K Sold	— 70.9K shares	Q1 2021 Held for 4y 9m
4 iShares 0-3 Month Treasury Bond SGOV	ETF ETF	$18.3M	8.82%	+$18.3M New	— 181.5K shares	Q3 2025 Held for 3 months
5 SPDR S&P 500 ETF Trust SPY	ETF ETF	$17.5M	8.44%	+$245.8K Bought	— 26.3K shares	Q1 2021 Held for 4y 9m
6 Technology Select Sector SPDR Fund XLK	ETF ETF	$10.8M	5.23%	-$82.3K Sold	— 38.4K shares	Q1 2021 Held for 4y 9m
7 Industrial Select Sector SPDR Fund XLI	ETF ETF	$6.2M	3.00%	+$93.6K Bought	— 40.3K shares	Q1 2021 Held for 4y 9m
8 XLV Health Care Select Sector SPDR Fund XLV	ETF ETF	$5.9M	2.85%	+$220.4K Bought	— 42.4K shares	Q1 2021 Held for 4y 9m
9 iShares Core S&P 500 ETF IVV	ETF ETF	$5.8M	2.79%	+$1.3K Bought	— 8.7K shares	Q1 2021 Held for 4y 9m
10 XLY Consumer Discretionary Select Sector SPDR Fund XLY	ETF ETF	$4.9M	2.36%	-$88.4K Sold	— 20.4K shares	Q1 2021 Held for 4y 9m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in KENNICOTT CAPITAL MANAGEMENT LLC's latest filing

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Market Value

$207.2M

Prior: $175.3M

Q/Q Change

+18.18%

+$31.9M

Net Flows % of MV

+7.89%

Turnover Ratio

5.95%

New Purchases

2 stocks

$18.5M

Added To

12 stocks

+$1.9M

Sold Out Of

3 stocks

$1.3M

Reduced Holdings

16 stocks

-$2.8M

Increased Positions

Position	Shares Δ	Change
1 iShares 0-3 Month Treasury Bond SGOV	New	0 → 181.5K +$18.3M
2 iShares Russell 1000 Growth IWF	New	0 → 459.0 +$215.0K
3 Blackstone Mortgage Trust BXMT	+46.61%	24.2K → 35.5K +$208.0K
4 IYJ iShares U.S. Industrials IYJ	+7.63%	7.5K → 8.1K +$83.3K
5 iShares U.S. Financials IYF	+7.49%	16.4K → 17.7K +$155.8K

Decreased Positions

Position	Shares Δ	Change
1 SPDR Blackstone Senior Loan SRLN	Sold	13.4K → 0 −$559.2K
2 Invesco Senior Loan BKLN	Sold	23.7K → 0 −$494.8K
3 Twilio TWLO	Sold	1.7K → 0 −$215.8K
4 Roblox RBLX	-29.71%	35.5K → 24.9K −$1.5M
5 Vanguard Small-Cap ETF VB	-11.72%	8.2K → 7.3K −$245.1K