Tran Capital Management, L.P.
Tran Capital Management, L.P. is a registered investment adviser based in San Rafael, California. Founded in the mid-1990s, the firm provides professional portfolio management and investment advisory services to individuals (for taxable and retirement accounts), corporate and union pension plans, charitable foundations, and academic endowments through separately managed accounts. As of early 2025, the firm employs 7 people and manages nearly $1 billion in assets, serving high-net-worth individuals, institutional clients, and nonprofit organizations.
Investment Strategy
The firm invests primarily in equity securities, focusing on long-term capital appreciation through select equity strategies. Tran Capital Management employs a fundamentally driven investment approach, analyzing company financials, business models, management quality, and market valuations. The philosophy emphasizes disciplined portfolio construction, downside protection, and active management of risk. TCM tailors portfolios to each client’s investment objectives and risk tolerance, providing separately managed accounts with diversified holdings across sectors and geographies.
Top Holdings
Equity Positions (71)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
T TLN | TALEN ENERGY CORP | 8.23% | $68.8M | 161,812 | $178.24 | $425.38 | +$9.6M |
N NVDA | NVIDIA CORP | 7.98% | $66.7M | 357,684 | $124.30 | $186.58 | +$6.2M |
M MSFT | MICROSOFT CORP | 7.69% | $64.4M | 124,244 | $200.92 | $517.95 | -$1.6M |
A AMZN | AMAZON COM INC | 7.14% | $59.7M | 271,914 | $144.99 | $219.57 | -$4.4M |
F FERG | FERGUSON ENTERPRISES INC COM | 4.54% | $37.9M | 168,969 | $198.57 | $224.58 | -$5.4M |
Industry Allocation
Team (1)
| Name | Role | Location | |
|---|---|---|---|
 | President | CA , United States |