Orca Investment Management, LLC

CIK 0001511229 · Q2 2026

13F Equity AUM

$137.8M

+17.2% QoQ

Positions

+3 QoQ

AUM Rank

#7,383

Top 84%

Skill Alpha (FF)

-0.8%/yr^ns

No Clear Edge

Rank #3,978 · Top 48%

vs S&P -0.3%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 33.4%Top 10: 53.2%Top 20: 73.4%

GOOG8.4%

AAPL7.5%

MSFT6.8%

AVGO5.5%

STATE STREET SPDR S&P 500 ETF5.1%

INTC5.1%

CAH4.8%

GOOG4.2%

JNJ3.1%

CVS2.6%

Others (50)46.8%

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

Sector Allocation

Technology27.4%

Financial Services26.2%

Healthcare15.2%

Communication Services14.9%

Consumer Cyclical5.2%

Industrials3.9%

Consumer Defensive3.3%

Basic Materials2.1%

Other1.6%

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

Position Sizing

Positions: 60Median: 0.93%Avg: 1.67%

0–0.5%

21(6.7%)

0.5–1%

10(7.7%)

1–3%

20(35.0%)

3–5%

3(12.1%)

5%+

6(38.4%)

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

Loading summary cards...

Portfolio Overlap

Shared: 0Unique: 60vs 20 funds

0%Low

Fund positions

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.

Loading overlap analysis...

Position Changes This Quarter

New4Increased8Decreased42Exited1

New Positions

OMC1.5%

+28K

STATE STREET ENERGY …1.4%

+38K

AGG0.2%

+3K

VV0.1%

+598

Increased

STATE STREET MATERIA…2.2%

+39K(+192%)

MERCK & CO. INC.1.8%

+1K(+6%)

SPMO2.1%

+611(+4%)

XLI1.3%

+186(+2%)

AMZN2.5%

+118(+1%)

CHV0.2%

+74(+4%)

BRK/B0.5%

+44(+3%)

DWD0.7%

+2(+0%)

Decreased

COHR1.4%

-5,545(-53%)

TSM0.8%

-4,475(-66%)

GOOG8.4%

-2,215(-6%)

MSFT6.8%

-1,420(-5%)

INTC5.1%

-1,032(-2%)

STATE STREET FINANCI…2.2%

-736(-1%)

PFE0.4%

-589(-2%)

VZ0.6%

-540(-3%)

PRU1.9%

-514(-2%)

AAPL7.5%

-483(-1%)

Exited

SPTM

-27,624

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

Loading position changes...

Holdings

Loading holdings...