Q2 2026 13F · SEC CIK 1607278

Whetstone Capital Advisors, LLC

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $377.4M
Reported positions: 67
Top holdings a year, 3 yrs: +33.1%
Assets under management: $415.1M

Whetstone Capital Advisors, LLC is a hedge fund that reported 67 positions worth $377.4M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Dave Inc (DAVE, 22.0%), Cloudflare Inc (NET, 19.0%), Alphabet Inc (GOOG, 10.8%). A portfolio copying its top holdings returned 33.1% a year over the last 3 years, against 20.4% for the S&P 500.

Whetstone Capital Advisors, LLC holdings largest 50 of 67 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Whetstone Capital Advisors, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
DAVEDave Inc	22.0%	14.7%	223,078	-0.5%	$83.1M
NETCloudflare Inc	19.0%	22.7%	292,861	-0.1%	$71.8M
GOOGAlphabet Inc	10.8%	12.8%	115,630	-2.5%	$40.9M
AMZNAmazon Com Inc Com	4.4%	7.3%	69,271	-25.6%	$16.5M
FRMIFermi Inc	3.2%	—	1,311,002	—	$12.0M
KLARKlarna Group PLC	2.7%	2.5%	508,644	-0.3%	$10.3M
SQBlock Inc	2.5%	2.8%	123,945	+0.1%	$9.4M
TOSTToast Inc	2.5%	3.4%	336,853	+0.2%	$9.4M
XZOExzeo Group Inc	2.4%	2.3%	541,544	+31.6%	$9.1M
OPRXOptimizerx Corp	2.3%	3.6%	1,508,303	+0.0%	$8.6M
SESea Ltd	2.2%	—	85,475	—	$8.2M
ETOReToro Group Ltd	2.0%	1.6%	190,284	+36.8%	$7.5M
08774B508Better Home & Finance Holdin	1.9%	—	253,987	—	$7.0M
FIGRFigure Technology Solutio	1.8%	—	225,948	—	$6.9M
COINCoinbase Global Inc	1.8%	1.7%	47,048	+86.3%	$6.9M
PHRPhreesia Inc	1.7%	3.0%	629,752	-34.0%	$6.5M
ORCLOracle Corp	1.6%	—	41,598	—	$6.1M
SERASera Prognostics Inc	1.6%	2.5%	3,306,889	+0.0%	$6.0M
HOODRobinhood Mkts Inc	1.5%	1.3%	54,755	+8.8%	$5.5M
WLTHWealthfront Corp	1.4%	1.9%	604,160	+10.6%	$5.4M
PGYPagaya Technologies Ltd	1.4%	1.3%	295,665	-0.1%	$5.4M
TTANServiceTitan, Inc.	0.9%	—	46,323	—	$3.3M
RPAYRepay Hldgs Corp	0.9%	2.6%	764,673	-71.6%	$3.2M
BSYBentley Sys Inc	0.8%	—	98,200	—	$2.9M
PICSPics NV	0.6%	—	205,948	—	$2.2M
PCORProcore Technologies Inc	0.5%	—	49,001	—	$2.0M
NVDANvidia Corporation Com	0.5%	—	9,710	—	$1.9M
AVGOBroadcom Inc	0.4%	—	4,395	—	$1.7M
VERXVertex Inc	0.4%	—	136,118	—	$1.6M
HITHealth in Tech Inc-Class A	0.4%	—	1,509,766	—	$1.5M
KVYOKlaviyo Inc	0.4%	—	88,946	—	$1.3M
MRVLMarvell Technology Inc	0.3%	—	4,238	—	$1.3M
MPWRMonolithic Power Systms Inc	0.2%	—	595	—	$823K
ASMLAsml Hldg NV	0.2%	—	406	—	$808K
ASANAsana Inc - Cl A	0.2%	0.9%	105,100	-72.5%	$736K
TSMTaiwan Semiconductor Manufac	0.2%	—	1,500	—	$716K
BRZEBraze Inc	0.2%	—	30,927	—	$671K
GOOGLAlphabet Inc	0.1%	0.1%	1,116	-7.7%	$399K
AMKRAmkor Technology Inc Com	0.1%	—	4,600	—	$397K
UNHUnitedhealth Group Inc Com	0.1%	0.1%	811	-8.7%	$337K
HCATHealth Catalyst Inc	0.1%	2.0%	167,097	-96.1%	$333K
OUTOutfront Media Inc	0.1%	0.1%	9,347	+0.0%	$306K
CAMTCamtek Ltd	0.1%	—	1,800	—	$294K
CLSCelestica Inc	0.1%	—	771	—	$281K
WSOWatsco Inc	0.1%	0.1%	668	+0.0%	$278K
MMM3m Co Com	0.1%	0.1%	1,712	+0.0%	$277K
APOApollo Global Mgmt Inc Nclass	0.1%	0.1%	2,339	+0.0%	$277K
SMGScotts Miracle-Gro Co Cl A	0.1%	0.1%	4,056	+0.0%	$276K
KVUEKenvue Inc.	0.1%	0.1%	14,327	+0.0%	$274K
MOAltria Group Inc	0.1%	0.1%	3,787	+0.0%	$272K

What Whetstone Capital Advisors, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

Reduced

HCAT Health Catalyst Inc-96.1% shares
ASAN Asana Inc - Cl A-72.5% shares
RPAY Repay Hldgs Corp-71.6% shares
PHR Phreesia Inc-34.0% shares
AMZN Amazon Com Inc Com-25.6% shares
UNH Unitedhealth Group Inc Com-8.7% shares
GOOGL Alphabet Inc-7.7% shares

Left the top 50

BLZE Backblaze Incwas 2.0%
LPRO Open Lending Corpwas 1.8%
REAX The Real Brokerage Inc.was 1.6%
LFMD Lifemd Incwas 0.5%
BODY The Beachbody Company Cl Awas 0.4%
Meridian Holdings Incwas 0.2%
LYB LyondellBasell Industries NVwas 0.1%
SNYNF Sanofi SAwas 0.1%

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +26.3% /yr; S&P 500 +20.1%
3 years: +33.1% /yr; S&P 500 +20.4%
5 years: +2.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$377.4M	67
Q1 2026	$265.8M	54
Q4 2025	$320.5M	54
Q3 2025	$361.1M	56
Q2 2025	$354.0M	32
Q1 2025	$226.3M	28
Q4 2024	$262.7M	28
Q3 2024	$207.5M	37
Q2 2024	$215.5M	38
Q1 2024	$228.4M	31
Q4 2023	$198.8M	30
Q3 2023	$180.8M	35

Questions about Whetstone Capital Advisors, LLC's portfolio

What stocks does Whetstone Capital Advisors, LLC own?

Whetstone Capital Advisors, LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 67 positions worth $377.4M. The largest are Dave Inc (DAVE) at 22.0%, Cloudflare Inc (NET) at 19.0%, Alphabet Inc (GOOG) at 10.8%, Amazon Com Inc Com (AMZN) at 4.4% and Fermi Inc (FRMI) at 3.2%.

What did Whetstone Capital Advisors, LLC buy last quarter?

In Q2 2026, Whetstone Capital Advisors, LLC added Coinbase Global Inc (COIN) (+86.3% shares), eToro Group Ltd (ETOR) (+36.8% shares) and Exzeo Group Inc (XZO) (+31.6% shares), compared with its Q1 2026 filing.

What did Whetstone Capital Advisors, LLC sell last quarter?

In Q2 2026, Whetstone Capital Advisors, LLC cut from its top 50 Backblaze Inc (BLZE), cut from its top 50 Open Lending Corp (LPRO), cut from its top 50 The Real Brokerage Inc. (REAX), cut from its top 50 Lifemd Inc (LFMD), cut from its top 50 The Beachbody Company Cl A (BODY), Health Catalyst Inc (HCAT) (-96.1% shares), Asana Inc - Cl A (ASAN) (-72.5% shares) and Repay Hldgs Corp (RPAY) (-71.6% shares), compared with its Q1 2026 filing.

How has Whetstone Capital Advisors, LLC's portfolio performed?

A portfolio copying Whetstone Capital Advisors, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +33.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +26.3% against +20.1%. Over 5 years: +2.1% a year against +11.6%.

When is Whetstone Capital Advisors, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Whetstone Capital Advisors, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Whetstone Capital Advisors, LLC manage?

Whetstone Capital Advisors, LLC reported $415.1M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $377.4M.