The fund's aggressive doubling of Rolls-Royce and large adds to Alphabet and Taiwan Semiconductor signal conviction in aerospace/defense, digital advertising, and semiconductor supply chains. The sole trim in Nvidia may reflect profit-taking or a rotation into other AI beneficiaries. Monitor next quarter's 13F to see if these positions are held or further increased.
Executive Summary
Lountzis Asset Management significantly increased its equity exposure in Q3 2026, adding to or doubling 9 of 10 changed positions while trimming only one (NVDA). The fund rotated capital into Alphabet, Rolls-Royce, Eurofins Scientific, Constellation Software, Intercontinental Exchange, Charles Schwab, Formula One, Taiwan Semiconductor, and Meta Platforms, suggesting a broad risk-on posture with a focus on technology, financial exchanges, and industrials.
Key Financial Metrics
Per-Ticker Signals
| Ticker | Signal | Reason |
|---|---|---|
| GOOG | ▲ BULLISH | 85.2% increase in shares to $3.4M signals strong conviction in Alphabet. |
| RYCEF | ▲ BULLISH | 561.8% increase to 108,600 shares is the largest percentage add, indicating high conviction in Rolls-Royce. |
| ERFSF | ▲ BULLISH | 117.9% increase to 16,195 shares shows growing exposure to Eurofins Scientific. |
| NVDA | ▼ BEARISH | 35.1% reduction to 4,089 shares suggests profit-taking or reduced conviction in Nvidia. |
| CNSWF | ▲ BULLISH | 99.6% increase to 569 shares indicates added exposure to Constellation Software. |
| ICE | ▲ BULLISH | 81.2% increase to 7,278 shares shows confidence in Intercontinental Exchange. |
| SCHW | ▲ BULLISH | 129.9% increase to 11,141 shares signals bullish view on Charles Schwab. |
| FWONK | ▲ BULLISH | 106.4% increase to 11,309 shares indicates conviction in Formula One / Liberty Media. |
| TSM | ▲ BULLISH | 332.1% increase to 2,143 shares shows strong conviction in Taiwan Semiconductor. |
| META | ▲ BULLISH | 56% increase to 1,162 shares adds to Meta Platforms exposure. |
Key Facts
- Lountzis increased or doubled 9 positions and trimmed only 1 (NVDA) in Q3 2026.
- Largest increase by percentage: Rolls-Royce Holdings (RYCEF) +561.8% to 108,600 shares.
- Largest increase by dollar value: Alphabet (GOOG) +85.2% to 10,119 shares ($3.4M).
- Only trim: Nvidia (NVDA) -35.1% to 4,089 shares ($935K).
- Fund AUM is $302M across 58 positions; top holdings include BRK-B, AMAT, WFC, GOOGL, CDNS, USB.
Financial Impact
Net capital deployed into new/increased positions significantly exceeded the single trim, indicating a net bullish capital allocation of approximately $12.9M added vs. $0.5M trimmed.
Risk Factors
- 13F data is 45 days stale; current positions may differ materially.
- Hedge funds may strategically misreport 13F filings; short positions and derivatives are invisible.
- Single-fund moves of this size ($302M AUM) are unlikely to move stock prices on their own.
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| 13F-CHANGES Data (Synthetic) | 13f-changes-0001821168-2026-Q3 |
US Market Status
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