Newlands Management Operations LLC

CIK 0001908450 · Q1 2026

13F Equity AUM

$15.5B

-20.3% QoQ

Positions

-1 QoQ

AUM Rank

#492

Top 4%

Skill Alpha (FF)

+22.1%/yr^ns

No Clear Edge

Rank #79 · Top 1%

vs S&P +32.4%/yr (unadj.)

Quarters Tracked

~3 years

Portfolio Concentration

Top 5: 76.6%Top 10: 97.2%Top 20: 100.0%

META36.3%

GOOGL11.6%

HOOD10.8%

TSLA9.1%

AMZN8.9%

DASH6.9%

SHOP4.8%

NFLX4.2%

MSFT2.5%

JD2.2%

Others (6)2.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Communication Services59.0%

Consumer Cyclical20.4%

Financial Services12.8%

Technology7.8%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 16Median: 3.34%Avg: 6.25%

0–0.5%

5(0.8%)

0.5–1%

0(0.0%)

1–3%

3(6.7%)

3–5%

2(9.0%)

5%+

6(83.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 16Unique: 0vs 20 funds

0.2%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

0.4%

0.5%

0.6%

0.3%

0.3%

BANK OF AMERICA CORP /DE/

0.3%

GEODE CAPITAL MANAGEMENT, LLC

0.4%

VANGUARD CAPITAL MANAGEMENT LLC

0.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.5%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New1Increased0Decreased0Exited2

New Positions

MRNA0.0%

+6K

Exited

WDAY

-1,363,667

DOCU

-2,922,708

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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