13F
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RDST Capital LLC

13F equity value
$1.0B
Positions
20
Top 10 concentration
62.9%
Quarters / total new picks
14 / 30
13F equity value over time
$0M$531M$1B202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 14 quarters, returned +3.3% per quarter — versus +3.0% per quarter from simply owning every 13F stock. It beat that baseline in only 42.9% of quarters (excess t = 0.16, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+0.6%
t-stat
0.16
Quarterly win rate
43%
Annualized excess
-0.1%
$1 → follow vs universe
$1.47 vs $1.47
Cumulative return: $1 invested in new picks vs universe
1.00 20220630: universe 0.92620220930: universe 0.99520221231: universe 0.92420230331: universe 0.97420230630: universe 0.93920230930: universe 1.06620231231: universe 1.11320240630: universe 1.21520240930: universe 1.20420241231: universe 1.12420250331: universe 1.22520250630: universe 1.26420250930: universe 1.42120251231: universe 1.470 20220630: follow 0.89520220930: follow 0.94520221231: follow 1.06620230331: follow 1.23620230630: follow 1.24120230930: follow 1.40720231231: follow 1.51920240630: follow 1.70220240930: follow 1.98220241231: follow 1.67820250331: follow 1.72920250630: follow 1.45420250930: follow 1.43320251231: follow 1.465 0.82 1.48 2.14 2022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 20 · 2026 Q1

Ticker Value Weight QoQ
UNP $71M
6.8%
TRIM
DDOG $70M
6.8%
ADD
OWL $70M
6.7%
ADD
CPNG $69M
6.6%
ADD
AMZN $68M
6.5%
ADD
MSFT $67M
6.4%
ADD
JHX $61M
5.9%
ADD
MRVL $60M
5.8%
ADD
TSM $60M
5.8%
ADD
META $57M
5.5%
ADD
MLM $56M
5.4%
TRIM
DASH $55M
5.3%
ADD
CVNA $55M
5.3%
ADD
MKTX $49M
4.7%
TRIM
ENTG $42M
4.0%
TRIM
ARES $35M
3.4%
NEW
HUBS $34M
3.3%
TRIM
FND $27M
2.6%
TRIM
APO $23M
2.3%
ADD
NOW $8M
0.8%
NEW

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

ARESNOW

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.