# Karl Kapital LLC: Form 13F holdings

An institutional investment manager in SAN FRANCISCO, CA. SEC CIK 2058849.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $167.9m
- Positions: 25 (25 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/2058849/000121465926010371/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [COMPASS INC (COMP)](/companies/comp.md) | CL A | $14.8m | 8.8% | 1,202,967 |  | New +1,202,967 |
| [ENCORE CAP GROUP INC (ECPG)](/companies/ecpg.md) | COM | $13.0m | 7.8% | 139,536 |  | Reduced −83,075 |
| [FLYWIRE CORPORATION (FLYW)](/companies/flyw.md) | COM VTG | $12.0m | 7.1% | 681,049 |  | Reduced −323,531 |
| [CAPITAL ONE FINL CORP (COF)](/companies/cof.md) | COM | $10.3m | 6.1% | 51,276 |  | Reduced −4,272 |
| [HENRY JACK & ASSOC INC (JKHY)](/companies/jkhy.md) | COM | $7.8m | 4.6% | 56,636 |  | New +56,636 |
| [SEI INVTS CO (SEIC)](/companies/seic.md) | COM | $7.8m | 4.6% | 88,816 |  | Added +16,676 |
| [UMB FINL CORP (UMBF)](/companies/umbf.md) | COM | $7.4m | 4.4% | 52,019 |  | Reduced −10,295 |
| [VALLEY NATL BANCORP (VLY)](/companies/vly.md) | COM | $7.2m | 4.3% | 490,651 |  | Added +86,931 |
| [VISA INC (V)](/companies/v.md) | COM CL A | $7.2m | 4.3% | 20,877 |  | Added +3,591 |
| [SOMNIGROUP INTERNATIONAL INC (SGI)](/companies/sgi.md) | COM | $7.0m | 4.2% | 89,395 |  | New +89,395 |
| [PROG HOLDINGS INC (PRG)](/companies/prg.md) | COM NPV | $6.7m | 4.0% | 143,375 |  | New +143,375 |
| [WISDOMTREE INC (WT)](/companies/wt.md) | COM | $6.5m | 3.9% | 382,391 |  | New +382,391 |
| [LPL FINL HLDGS INC (LPLA)](/companies/lpla.md) | COM | $6.4m | 3.8% | 22,675 |  | Added +4,681 |
| WEBULL CORP | ORD SHS | $6.1m | 3.6% | 936,592 |  | New +936,592 |
| [INTERCONTINENTAL EXCHANGE IN (ICE)](/companies/ice.md) | COM | $5.9m | 3.5% | 47,952 |  | Added +16,429 |
| [SKYWARD SPECIALTY INS GROUP (SKWD)](/companies/skwd.md) | COM | $5.5m | 3.3% | 93,911 |  | Reduced −158,504 |
| [FUTU HLDGS LTD (FUTU)](/companies/futu.md) | SPON ADS CL A | $5.1m | 3.1% | 54,843 |  | Added +6,896 |
| [PROGRESSIVE CORP (PGR)](/companies/pgr.md) | COM | $4.9m | 2.9% | 22,529 |  | Reduced −1,922 |
| [FORTUNE BRANDS INNOVATIONS I (FBIN)](/companies/fbin.md) | COM | $4.7m | 2.8% | 85,703 |  | New +85,703 |
| [AFFIRM HLDGS INC (AFRM)](/companies/afrm.md) | COM CL A | $4.6m | 2.7% | 56,496 |  | Reduced −83,794 |
| [CENTURY COMMUNITIES INC (CCS)](/companies/ccs.md) | COM | $4.4m | 2.6% | 61,651 |  | Added +2,296 |
| [VIRTU FINL INC (VIRT)](/companies/virt.md) | CL A | $3.8m | 2.3% | 63,941 |  | New +63,941 |
| [EQUINIX INC (EQIX)](/companies/eqix.md) | COM | $3.5m | 2.1% | 3,323 |  | New +3,323 |
| [D R HORTON INC (DHI)](/companies/dhi.md) | COM | $3.2m | 1.9% | 19,843 |  | New +19,843 |
| [TRAEGER INC (COOK)](/companies/cook.md) | COM NEW | $2.1m | 1.3% | 26,629 |  | New +26,629 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [ACADIAN ASSET MANAGEMENT INC (AAMI)](/companies/aami.md) | COM | $0 | 0.0% | 0 |  | Sold out −90,048 |
| [BGC GROUP INC (BGC)](/companies/bgc.md) | CL A | $0 | 0.0% | 0 |  | Sold out −383,974 |
| [ENOVA INTL INC (ENVA)](/companies/enva.md) | COM | $0 | 0.0% | 0 |  | Sold out −34,641 |
| [RIDGEPOST CAP INC (RPC)](/companies/rpc.md) | CL A COM | $0 | 0.0% | 0 |  | Sold out −651,082 |
| [ROCKET COS INC (RKT)](/companies/rkt.md) | COM CL A | $0 | 0.0% | 0 |  | Sold out −344,556 |
| [S&P GLOBAL INC (SPGI)](/companies/spgi.md) | COM | $0 | 0.0% | 0 |  | Sold out −18,005 |
| UBS GROUP AG | SHS | $0 | 0.0% | 0 |  | Sold out −88,866 |
| [UWM HOLDINGS CORPORATION (UWMC)](/companies/uwmc.md) | COM CL A | $0 | 0.0% | 0 |  | Sold out −2,012,105 |

Source: SEC EDGAR, Form 13F-HR, accession 0001214659-26-010371. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.