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Act Two Investors LLC

CIK:0001766907
Investment Adviser
$581M AUM
37 holdings
Carmel, CA, United States
Founded:2018
1 employees
Latest filing:Jun 30, 2025

Act Two Investors LLC is a California-based SEC-registered investment adviser founded in 2018 and headquartered in Carmel, CA. The firm manages approximately $581 million in assets for around 300 clients, primarily serving high net worth individuals, along with a small number of other individuals and pension plans. The firm is small in size, reportedly staffed by a single employee (100% investment-focused), and is locally owned and managed.

Investment Strategy

Act Two Investors LLC focuses on discretionary portfolio management for high net worth individuals and other select clients, allocating assets primarily across liquid U.S. equities. Their reported top holdings typically concentrate in large-cap technology and financial companies such as Microsoft, Alphabet, Amazon, and Visa. The strategy appears to emphasize concentrated, fundamental analysis-driven investments in established public companies, with moderate portfolio turnover and a long-term investment approach.

Latest 13F Filing Activity

Act Two Investors LLC filed their most recent 13F report on Jun 30, 2025 disclosing 37 equity positions with a total 13F market value of $490M. The fund increased holdings in Iqvia HLDGS Inc., Microsoft Corp., Amgen Inc. among other positions. Act Two Investors LLC reduced exposure to Sysco Corp., Prudential Finl Inc., NXP Semiconductors N V among others.

Top Buys
I
IQVIQVIA HLDGS INC
+$26.5M
M
MSFTMICROSOFT CORP
+$17.9M
A
AMGNAMGEN INC
+$12.9M
E
ESEVERSOURCE ENERGY
+$8.7M
F
FIFISERV INC
+$6.2M
Top Sells
S
SYYSYSCO CORP
-$25.2M
P
PRUPRUDENTIAL FINL INC
-$24.5M
N
NXPINXP SEMICONDUCTORS N V
-$10.9M
T
TMUST-MOBILE US INC
-$9.0M
B
BXBLACKSTONE INC
-$7.1M

Top Holdings

M
MSFTMICROSOFT CORP
+15.3%$74.9M
G
GOOGALPHABET INC
+9.6%$47.0M
A
AMZNAMAZON COM INC
+8.5%$41.4M
V
VVISA INC
+7.7%$37.7M
T
TMUST-MOBILE US INC
+7.6%$37.2M

Equity Positions (37)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
MICROSOFT CORP15.28%$74.9M150,484$241.64$497.41+$17.9M
ALPHABET INC9.59%$47.0M264,884$91.84$177.39+$3.7M
AMAZON COM INC8.45%$41.4M188,723$112.43$219.39+$5.3M
V
V
VISA INC7.69%$37.7M106,166$215.37$355.05+$141.8K
T-MOBILE US INC7.59%$37.2M156,156$139.25$238.26-$9.0M

Industry Allocation

SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+23.6%
SERVICES-PREPACKAGED SOFTWARE
+16.7%
SERVICES-BUSINESS SERVICES, NEC
+10.0%
RETAIL-CATALOG & MAIL-ORDER HOUSES
+7.3%
RADIOTELEPHONE COMMUNICATIONS
+6.6%