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Livermore
Livermore
ZHEN

111 Capital

SEC CIK
0002060412
Latest filing
Aug 4, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 11, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
322
−116 vs. Q3 2025
Portfolio value
$458.4M
−$69.2M (−13.1%) vs. Q3 2025
Filed
Feb 11, 2026
SEC
Holdings of 111 Capital in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
DIASPDR Dow Jones Industrial Average ETF TrustUT SER 169,754$33.5M7.3%+34,329+96.9%AddedHistory
SPYSPDR S&P 500 ETF TrustETF42,442$28.9M6.3%+42,442NewHistory
NVDANVIDIA CorpStock141,906$26.5M5.8%+5,074+3.7%AddedHistory
AAPLApple Inc.Stock83,579$22.7M5.0%+18,608+28.6%AddedHistory
MSFTMicrosoft CorpStock43,743$21.2M4.6%+1,568+3.7%AddedHistory
AMZNAmazon Com IncStock52,466$12.1M2.6%−3,631−6.5%ReducedHistory
State Street Consumer Discretionary Select Sector SPDR ETF81369Y407ETF86,984$10.4M2.3%+86,984New–
AVGOBroadcom Inc.Stock29,100$10.1M2.2%−13,138−31.1%ReducedHistory
GOOGLAlphabet Inc.Stock32,118$10.1M2.2%−478−1.5%ReducedHistory
TSLATesla, Inc.Stock21,417$9.63M2.1%−351−1.6%ReducedHistory
METAMeta Platforms, Inc.Stock13,653$9.01M2.0%+2,253+19.8%AddedHistory
GOOGAlphabet Inc.Stock26,803$8.41M1.8%−2,987−10.0%ReducedHistory
State Street Consumer Staples Select Sector SPDR ETF81369Y308ETF99,723$7.75M1.7%+78,145+362.2%Added–
State Street Utilities Select Sector SPDR ETF81369Y886ETF164,653$7.03M1.5%+164,653New–
NFLXNetflix IncStock68,663$6.44M1.4%+21,033+44.2%AddedConverted for a 10-for-1 splitHistory
MUMicron Technology IncStock21,316$6.08M1.3%−13,616−39.0%ReducedHistory
CSCOCisco Systems, Inc.Stock72,321$5.57M1.2%+28,248+64.1%AddedHistory
PLTRPalantir Technologies Inc.Stock23,116$4.11M0.9%−1,747−7.0%ReducedHistory
DBDeutsche Bank AktiengesellschaftNAMEN AKT104,030$4.05M0.9%+104,030NewHistory
COSTCostco Wholesale CorpStock4,654$4.01M0.9%−1,365−22.7%ReducedHistory
PEPPepsiCo IncStock26,583$3.82M0.8%+4,212+18.8%AddedHistory
ADBEAdobe Inc.Stock10,398$3.64M0.8%+4,190+67.5%AddedHistory
AMDAdvanced Micro Devices IncStock16,742$3.59M0.8%+2,711+19.3%AddedHistory
ISRGIntuitive Surgical IncCOM NEW5,658$3.20M0.7%+2,116+59.7%AddedHistory
BKNGBooking Holdings Inc.Stock595$3.19M0.7%+267+81.4%AddedHistory
State Street Materials Select Sector SPDR ETF81369Y100ETF63,964$2.90M0.6%+63,964New–
TMUST-Mobile US, Inc.Stock13,588$2.76M0.6%−1,931−12.4%ReducedHistory
MICCMagnum Ice Cream Co N.V.ORD SHS156,705$2.51M0.5%+156,705NewHistory
WMTWalmart Inc.Stock20,487$2.28M0.5%+7,615+59.2%AddedHistory
CRWDCrowdStrike Holdings, Inc.Stock4,821$2.26M0.5%+1,926+66.5%AddedHistory
TJXTJX Companies IncStock14,474$2.22M0.5%+14,474NewHistory
LLYEli Lilly & CoStock2,030$2.18M0.5%+1,376+210.4%AddedHistory
State Street Real Estate Select Sector SPDR ETF81369Y860ETF53,581$2.16M0.5%+53,581New–
LINLinde PLCStock4,931$2.10M0.5%+2,530+105.4%AddedHistory
GILDGilead Sciences, Inc.Stock17,124$2.10M0.5%−7,913−31.6%ReducedHistory
CCEPCoca-Cola Europacific Partners plcSHS22,154$2.03M0.4%+5,732+34.9%AddedHistory
ORLYO Reilly Automotive IncStock21,933$2.00M0.4%+3,478+18.8%AddedHistory
BSXBoston Scientific CorpStock20,941$2.00M0.4%−9,776−31.8%ReducedHistory
SHOPShopify Inc.Stock12,235$1.97M0.4%−3,305−21.3%ReducedHistory
QCOMQualcomm IncStock11,475$1.96M0.4%+2,837+32.8%AddedHistory
APPAppLovin CorpCOM CL A2,883$1.94M0.4%+1,190+70.3%AddedHistory
AMATApplied Materials IncStock7,503$1.93M0.4%+7,503NewHistory
MAMastercard IncStock3,352$1.91M0.4%+1,305+63.8%AddedHistory
VVisa Inc.Stock5,372$1.88M0.4%−6,292−53.9%ReducedHistory
LOGILogitech International S.A.SHS17,740$1.83M0.4%−901−4.8%ReducedHistory
MSMorgan StanleyStock9,823$1.74M0.4%+6,230+173.4%AddedHistory
JNJJohnson & JohnsonStock8,416$1.74M0.4%+8,416NewHistory
ABNBAirbnb, Inc.Stock12,768$1.73M0.4%−8,152−39.0%ReducedHistory
HONHoneywell International IncCOM8,743$1.71M0.4%−9,846−53.0%ReducedHistory
ABBVAbbVie Inc.Stock7,442$1.70M0.4%+3,031+68.7%AddedHistory
CDNSCadence Design Systems IncStock5,362$1.68M0.4%+5,362NewHistory
AMGNAmgen IncStock5,090$1.67M0.4%−1,753−25.6%ReducedHistory
SNPSSynopsys IncCOM3,386$1.59M0.3%+3,386NewHistory
UNHUnitedHealth Group IncStock4,620$1.53M0.3%+2,703+141.0%AddedHistory
LRCXLam Research CorpStock8,885$1.52M0.3%−18,476−67.5%ReducedHistory
BRK.BBerkshire Hathaway IncStock3,021$1.52M0.3%+3,021NewHistory
PAYXPaychex IncStock13,362$1.50M0.3%+8,487+174.1%AddedHistory
ROSTRoss Stores, Inc.COM8,211$1.48M0.3%+1,235+17.7%AddedHistory
XOMExxonMobil Holdings CorpCOM12,111$1.46M0.3%+12,111NewHistory
KLACKLA CorpCOM NEW1,156$1.40M0.3%+558+93.3%AddedHistory
INTCIntel CorpStock37,707$1.39M0.3%−80,051−68.0%ReducedHistory
ETNEaton Corp plcStock4,341$1.38M0.3%+4,341NewHistory
OTISOtis Worldwide CorpStock15,462$1.35M0.3%+6,149+66.0%AddedHistory
BACBank of America CorpStock24,540$1.35M0.3%+24,540NewHistory
TTETotalEnergies SEACT20,203$1.32M0.3%+20,203NewHistory
VRTXVertex Pharmaceuticals IncStock2,892$1.31M0.3%−1,471−33.7%ReducedHistory
GMGeneral Motors CoCOM15,516$1.26M0.3%+7,260+87.9%AddedHistory
CMCSAComcast CorpStock41,694$1.25M0.3%+2,885+7.4%AddedHistory
ADIAnalog Devices IncStock4,429$1.20M0.3%−311−6.6%ReducedHistory
ADSKAutodesk, Inc.COM4,048$1.20M0.3%−6,847−62.8%ReducedHistory
NEENextera Energy IncStock14,568$1.17M0.3%−15,782−52.0%ReducedHistory
DDOGDatadog, Inc.CL A COM8,489$1.15M0.3%+8,489NewHistory
TRIThomson Reuters CorpCOM NO PAR8,322$1.10M0.2%−4,679−36.0%ReducedHistory
SHWSherwin Williams CoCOM3,364$1.09M0.2%+3,364NewHistory
SYKStryker CorpStock3,100$1.09M0.2%−663−17.6%ReducedHistory
PYPLPayPal Holdings, Inc.Stock18,162$1.06M0.2%+5,714+45.9%AddedHistory
LMTLockheed Martin CorpStock2,170$1.05M0.2%+2,170NewHistory
PANWPalo Alto Networks IncStock5,606$1.03M0.2%−529−8.6%ReducedHistory
AAgilent Technologies, Inc.COM7,560$1.03M0.2%+7,560NewHistory
ADPAutomatic Data Processing IncStock3,956$1.02M0.2%−1,693−30.0%ReducedHistory
CEGConstellation Energy CorpStock2,876$1.02M0.2%+70+2.5%AddedHistory
FFord Motor CoStock75,489$990.4K0.2%−19,986−20.9%ReducedHistory
MCKMcKesson CorpStock1,186$972.9K0.2%+891+302.0%AddedHistory
APHAmphenol CorpCL A7,110$960.8K0.2%−6,155−46.4%ReducedHistory
TXNTexas Instruments IncStock5,522$958.0K0.2%−3,876−41.2%ReducedHistory
EOGEOG Resources IncStock9,028$948.0K0.2%−9,219−50.5%ReducedHistory
ATOAtmos Energy CorpCOM5,579$935.2K0.2%+5,579NewHistory
CAHCardinal Health IncStock4,508$926.4K0.2%+3,057+210.7%AddedHistory
KOCoca Cola CoStock13,146$919.0K0.2%−38,341−74.5%ReducedHistory
PHParker-Hannifin CorpStock1,037$911.5K0.2%+591+132.5%AddedHistory
MSTRStrategy IncStock5,858$890.1K0.2%−763−11.5%ReducedHistory
BLKBlackRock, Inc.Stock801$857.3K0.2%+801NewHistory
ASMLASML Holding NVADR790$845.2K0.2%+108+15.8%AddedHistory
MDBMongoDB, Inc.CL A1,946$816.7K0.2%+47+2.5%AddedHistory
WBDWarner Bros. Discovery, Inc.Stock28,321$816.2K0.2%+3,752+15.3%AddedHistory
KMBKimberly Clark CorpStock8,079$815.1K0.2%+5,704+240.2%AddedHistory
CSXCSX CorpStock22,427$813.0K0.2%−13,029−36.7%ReducedHistory
FDXFedEx CorpStock2,808$811.1K0.2%+1,504+115.3%AddedHistory
TUTelus CorpCOM60,967$803.5K0.2%+60,967NewHistory
MRSHMarsh & McLennan Companies, Inc.Stock4,244$787.3K0.2%+2,798+193.5%AddedHistory

Sold out since Q3 2025 (246)

Positions held at the end of Q3 2025 that are gone from this filing.

The largest 100 of 246 by value last quarter.

Positions of 111 Capital sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
State Street Financial Select Sector SPDR ETF81369Y605ETF502,421$27.1M5.1%–
Invesco QQQ Trust Series I46090E103ETF31,089$18.7M3.5%–
State Street Communication Services Select Sector SPDR ETF81369Y852ETF32,611$3.86M0.7%–
PMPhilip Morris International Inc.Stock23,686$3.84M0.7%History
SOSouthern CoStock36,169$3.43M0.6%History
CCitigroup IncStock26,512$2.69M0.5%History
PGProcter & Gamble CoStock16,295$2.50M0.5%History
EDConsolidated Edison IncStock21,086$2.12M0.4%History
RACEFerrari N.V.COM4,225$2.04M0.4%History
NOWServiceNow, Inc.Stock1,998$1.84M0.3%History
DXCMDexcom IncCOM26,004$1.75M0.3%History
MRKMerck & Co., Inc.Stock20,391$1.71M0.3%History
TAT&T Inc.Stock59,370$1.68M0.3%History
WDAYWorkday, Inc.CL A6,619$1.59M0.3%History
NKENIKE, Inc.Stock22,422$1.56M0.3%History
RYRoyal Bank of CanadaStock9,692$1.43M0.3%History
CRMSalesforce, Inc.Stock5,959$1.41M0.3%History
KRKroger CoStock19,740$1.33M0.3%History
FCXFreeport-McMoran IncStock33,350$1.31M0.2%History
RFRegions Financial CorpCOM49,086$1.29M0.2%History
CNQCanadian Natural Resources LtdCOM39,228$1.25M0.2%History
AMTAmerican Tower CorpREIT6,352$1.22M0.2%History
GEGeneral Electric CoStock3,855$1.16M0.2%History
TGTTarget CorpStock12,893$1.16M0.2%History
MDTMedtronic plcStock12,036$1.15M0.2%History
CICigna GroupStock3,750$1.08M0.2%History
GLPIGaming & Leisure Properties, Inc.COM21,864$1.02M0.2%History
AMRZAmrize LtdSHS20,657$995.8K0.2%History
FISVFiserv IncStock7,700$992.8K0.2%History
VRSKVerisk Analytics, Inc.COM3,932$988.9K0.2%History
GSGoldman Sachs Group IncStock1,238$985.9K0.2%History
ALLYAlly Financial Inc.Stock25,107$984.2K0.2%History
ZTSZoetis Inc.Stock6,692$979.2K0.2%History
HPEHewlett Packard Enterprise CoCOM39,612$972.9K0.2%History
DDominion Energy, IncStock15,011$918.2K0.2%History
AONAon plcCL A2,527$901.1K0.2%History
HIGHartford Insurance Group, Inc.Stock6,600$880.4K0.2%History
WPMWheaton Precious Metals Corp.COM7,736$865.3K0.2%History
UNPUnion Pacific CorpStock3,625$856.8K0.2%History
DOCUDocuSign, Inc.Stock11,811$851.5K0.2%History
ELVElevance Health, Inc.Stock2,537$819.8K0.2%History
TTDTrade Desk, Inc.Stock16,482$807.8K0.2%History
EBAYeBay IncCOM8,799$800.3K0.2%History
AWIArmstrong World Industries IncCOM4,052$794.2K0.2%History
HOODRobinhood Markets, Inc.Stock5,481$784.8K0.1%History
SPGIS&P Global Inc.Stock1,591$774.4K0.1%History
BROSDutch Bros Inc.CL A14,535$760.8K0.1%History
OKTAOkta, Inc.CL A8,267$758.1K0.1%History
GIBCgi IncCL A8,250$734.5K0.1%History
MGAMagna International IncCOM15,458$732.0K0.1%History
BBarrick Mining CorpStock21,597$709.0K0.1%History
AMHAmerican Homes 4 RentCL A21,022$699.0K0.1%History
ALSNAllison Transmission Holdings IncStock8,064$684.5K0.1%History
JCIJohnson Controls International plcStock6,100$670.7K0.1%History
EHCEncompass Health CorpCOM5,195$659.9K0.1%History
SOBOSouth Bow CorpCOM22,787$644.5K0.1%History
JBLJabil IncStock2,947$640.0K0.1%History
ICEIntercontinental Exchange, Inc.Stock3,787$638.0K0.1%History
JPMJPMorgan Chase & CoStock1,994$629.0K0.1%History
DOVDOVER CorpCOM3,766$628.3K0.1%History
ESABESAB CorpCOM5,491$613.6K0.1%History
HOLXHologic IncCOM9,077$612.6K0.1%History
AQNAlgonquin Power & Utilities Corp.COM113,536$609.9K0.1%History
WMWaste Management IncStock2,751$607.5K0.1%History
State Street Industrial Select Sector SPDR ETF81369Y704ETF3,807$587.2K0.1%–
EXRExtra Space Storage Inc.COM4,165$587.0K0.1%History
ZBRAZebra Technologies CorpCL A1,961$582.7K0.1%History
NYTNew York Times CoCL A9,936$570.3K0.1%History
SSBSouthState Bank CorpCOM5,717$565.2K0.1%History
ORealty Income CorpREIT9,130$555.0K0.1%History
SLMSLM CorpCOM19,867$549.9K0.1%History
MATMattel IncCOM32,472$546.5K0.1%History
TDToronto Dominion BankStock6,687$534.4K0.1%History
RSReliance, Inc.COM1,858$521.8K0.1%History
VNTVontier CorpStock12,378$519.5K0.1%History
INGRIngredion IncCOM4,249$518.8K0.1%History
AMKRAmkor Technology, Inc.COM18,050$512.6K0.1%History
KIMKimco Realty CorpCOM23,385$511.0K0.1%History
CROXCrocs, Inc.COM6,087$508.6K0.1%History
JEFJefferies Financial Group Inc.COM7,744$506.6K0.1%History
SGISomnigroup International Inc.COM5,967$503.2K0.1%History
VTRSViatris IncStock50,090$495.9K0.1%History
JBHTHunt J B Transport Services IncCOM3,656$490.5K0.1%History
CTVACorteva, Inc.Stock7,229$488.9K0.1%History
ALBAlbemarle CorpStock6,012$487.5K0.1%History
GWREGuidewire Software, Inc.COM2,104$483.6K0.1%History
USBUS Bancorp DECOM NEW9,887$477.8K0.1%History
CPAYCorpay, Inc.COM SHS1,641$472.7K0.1%History
LOWLowes Companies IncStock1,869$469.7K0.1%History
OZKBank OZKCOM8,998$458.7K0.1%History
SWKStanley Black & Decker, Inc.COM6,165$458.2K0.1%History
DVDoubleVerify Holdings, Inc.COM37,858$453.5K0.1%History
NCNOnCino, Inc.COM16,581$449.5K0.1%History
LFUSLittelfuse IncCOM1,724$446.5K0.1%History
TWLOTwilio IncCL A4,390$439.4K0.1%History
HIMSHims & Hers Health, Inc.Stock7,732$438.6K0.1%History
MTHMeritage Homes CORPCOM6,016$435.7K0.1%History
MORNMorningstar, Inc.COM1,782$413.4K0.1%History
HALOHalozyme Therapeutics, Inc.COM5,637$413.4K0.1%History
MKTXMarketaxess Holdings IncCOM2,343$408.3K0.1%History