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Act Two Investors LLC

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13F filer, CIK 1766907, SANTA CRUZ, CA

Act Two Investors LLC reported $555,939,258 across 38 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-10. Its ten largest share positions make up 72.6% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001214659-26-001385

Period
2025-12-31
Reported value
$556M
Holdings
38
Top 10 weight
72.6%
New
1
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
DISnew+169,355$19.3M
NFLXadded+71,074$6.66M
CNIadded+38,688$3.82M
ADBEadded+5,406$1.89M
TMUSadded+1,850$376K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
AREexited-275,290-$22.9M
FISVexited-156,060-$20.1M
SLMreduced-174,068-$4.71M
NXPIreduced-12,861-$2.79M
SCHOreduced-105,549-$2.57M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001214659-26-001385, largest first. % of portfolio is the value over $555,939,258, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 281,203 shares; 2024Q4: 277,668 shares; 2025Q1: 277,184 shares; 2025Q2: 264,884 shares; 2025Q3: 258,056 shares; 2025Q4: 254,199 shares 254,199$79.8M14.35%-3,857Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 150,843 shares; 2024Q4: 148,689 shares; 2025Q1: 151,766 shares; 2025Q2: 150,484 shares; 2025Q3: 149,873 shares; 2025Q4: 145,970 shares 145,970$70.6M12.7%-3,903Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 198,846 shares; 2024Q4: 195,752 shares; 2025Q1: 189,703 shares; 2025Q2: 188,723 shares; 2025Q3: 187,667 shares; 2025Q4: 181,545 shares 181,545$41.9M7.54%-6,122Timeline
IQVIQVIA HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 168,336 shares; 2025Q3: 170,320 shares; 2025Q4: 164,754 shares 164,754$37.1M6.68%-5,566Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 106,988 shares; 2024Q4: 105,726 shares; 2025Q1: 107,152 shares; 2025Q2: 106,166 shares; 2025Q3: 105,590 shares; 2025Q4: 102,647 shares 102,647$36M6.48%-2,943Timeline
AZNASTRAZENECA PLC-SPONS ADRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 320,839 shares; 2024Q4: 133,396 shares; 2025Q1: 272,337 shares; 2025Q2: 364,512 shares; 2025Q3: 364,066 shares; 2025Q4: 351,775 shares 351,775$32.3M5.82%-12,291Timeline
TMUST-MOBILE US INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 210,852 shares; 2024Q4: 185,237 shares; 2025Q1: 173,235 shares; 2025Q2: 156,156 shares; 2025Q3: 155,259 shares; 2025Q4: 157,109 shares 157,109$31.9M5.74%+1,850Timeline
ESEVERSOURCE ENERGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 307,129 shares; 2025Q2: 437,012 shares; 2025Q3: 420,052 shares; 2025Q4: 425,104 shares 425,104$28.6M5.15%+5,052Timeline
IEFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 186,163 shares; 2024Q4: 241,785 shares; 2025Q1: 188,803 shares; 2025Q2: 242,759 shares; 2025Q3: 239,935 shares; 2025Q4: 239,751 shares 239,751$23.1M4.15%-184Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 94,125 shares; 2024Q4: 93,529 shares; 2025Q1: 87,464 shares; 2025Q2: 87,464 shares; 2025Q3: 87,901 shares; 2025Q4: 82,079 shares 82,079$22.3M4.01%-5,822Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,310 shares; 2024Q4: 3,310 shares; 2025Q1: 108,213 shares; 2025Q2: 107,128 shares; 2025Q3: 106,700 shares; 2025Q4: 103,915 shares 103,915$19.4M3.49%-2,785Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,979 shares; 2024Q4: 12,835 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 169,355 shares 169,355$19.3M3.47%newTimeline
ADBEADOBE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 43,193 shares; 2025Q4: 48,599 shares 48,599$17M3.06%+5,406Timeline
CNICANADIAN NATL RY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,020 shares; 2024Q4: 119,719 shares; 2025Q1: 33,020 shares; 2025Q2: 33,020 shares; 2025Q3: 107,697 shares; 2025Q4: 146,385 shares 146,385$14.5M2.6%+38,688Timeline
SCHRSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 176,065 shares; 2024Q4: 359,262 shares; 2025Q1: 364,001 shares; 2025Q2: 371,118 shares; 2025Q3: 368,764 shares; 2025Q4: 368,270 shares 368,270$9.24M1.66%-494Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,332 shares; 2024Q4: 28,332 shares; 2025Q1: 28,287 shares; 2025Q2: 28,287 shares; 2025Q3: 28,287 shares; 2025Q4: 28,287 shares 28,287$9.11M1.64%0Timeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 8,449 shares; 2025Q4: 8,440 shares 8,440$9.07M1.63%-9Timeline
MCKMCKESSON CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,017 shares; 2024Q4: 9,017 shares; 2025Q1: 9,017 shares; 2025Q2: 9,017 shares; 2025Q3: 9,017 shares; 2025Q4: 8,920 shares 8,920$7.32M1.32%-97Timeline
SCHOSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 178,940 shares; 2025Q1: 359,603 shares; 2025Q2: 394,909 shares; 2025Q3: 391,611 shares; 2025Q4: 286,062 shares 286,062$6.97M1.25%-105,549Timeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 280 shares; 2025Q1: 280 shares; 2025Q2: 280 shares; 2025Q3: 280 shares; 2025Q4: 71,354 shares 71,354$6.69M1.2%+71,074Timeline
VGLTVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 144,412 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 102,573 shares; 2025Q4: 107,689 shares 107,689$6.01M1.08%+5,116Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,781 shares; 2024Q4: 20,881 shares; 2025Q1: 20,712 shares; 2025Q2: 19,497 shares; 2025Q3: 19,361 shares; 2025Q4: 14,522 shares 14,522$4.55M0.82%-4,839Timeline
SYKSTRYKER CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,624 shares; 2024Q4: 15,100 shares; 2025Q1: 14,827 shares; 2025Q2: 14,605 shares; 2025Q3: 14,181 shares; 2025Q4: 12,053 shares 12,053$4.24M0.76%-2,128Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,710 shares; 2024Q4: 6,710 shares; 2025Q1: 6,710 shares; 2025Q2: 6,710 shares; 2025Q3: 6,710 shares; 2025Q4: 6,710 shares 6,710$3.89M0.7%0Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,265 shares; 2024Q4: 36,265 shares; 2025Q1: 34,685 shares; 2025Q2: 34,685 shares; 2025Q3: 35,181 shares; 2025Q4: 35,181 shares 35,181$2.59M0.47%0Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,640 shares; 2024Q4: 3,640 shares; 2025Q1: 3,594 shares; 2025Q2: 3,594 shares; 2025Q3: 3,594 shares; 2025Q4: 3,550 shares 3,550$2.34M0.42%-44Timeline
MCDMCDONALDS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,720 shares; 2024Q4: 6,720 shares; 2025Q1: 6,720 shares; 2025Q2: 6,720 shares; 2025Q3: 6,820 shares; 2025Q4: 6,820 shares 6,820$2.08M0.37%0Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,815 shares; 2024Q4: 4,815 shares; 2025Q1: 4,790 shares; 2025Q2: 4,778 shares; 2025Q3: 4,798 shares; 2025Q4: 3,240 shares 3,240$1.63M0.29%-1,558Timeline
NXPINXP SEMICONDUCTORS N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,830 shares; 2024Q4: 131,830 shares; 2025Q1: 108,971 shares; 2025Q2: 45,020 shares; 2025Q3: 17,565 shares; 2025Q4: 4,704 shares 4,704$1.02M0.18%-12,861Timeline
SLMSLM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,014 shares; 2024Q4: 79,160 shares; 2025Q1: 79,160 shares; 2025Q2: 79,160 shares; 2025Q3: 211,582 shares; 2025Q4: 37,514 shares 37,514$1.02M0.18%-174,068Timeline
AONAON PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,121 shares; 2024Q4: 2,121 shares; 2025Q1: 2,121 shares; 2025Q2: 2,121 shares; 2025Q3: 2,275 shares; 2025Q4: 2,275 shares 2,275$803K0.14%0Timeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 189 shares; 2024Q4: 189 shares; 2025Q1: 166 shares; 2025Q2: 128 shares; 2025Q3: 141 shares; 2025Q4: 141 shares 141$755K0.14%0Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,764 shares; 2024Q4: 6,252 shares; 2025Q1: 4,177 shares; 2025Q2: 4,177 shares; 2025Q3: 4,702 shares; 2025Q4: 3,745 shares 3,745$730K0.13%-957Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,078 shares; 2024Q4: 2,078 shares; 2025Q1: 2,078 shares; 2025Q2: 2,078 shares; 2025Q3: 2,078 shares; 2025Q4: 2,078 shares 2,078$631K0.11%0Timeline
EWBCEAST WEST BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,270 shares; 2024Q4: 5,270 shares; 2025Q1: 5,270 shares; 2025Q2: 5,270 shares; 2025Q3: 5,270 shares; 2025Q4: 5,270 shares 5,270$592K0.11%0Timeline
AXPAMERICAN EXPRESS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,645 shares; 2024Q4: 1,645 shares; 2025Q1: 1,060 shares; 2025Q2: 1,060 shares; 2025Q3: 979 shares; 2025Q4: 979 shares 979$362K0.07%0Timeline
XLFSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,743 shares; 2024Q4: 12,743 shares; 2025Q1: 10,168 shares; 2025Q2: 10,168 shares; 2025Q3: 10,168 shares; 2025Q4: 5,868 shares 5,868$321K0.06%-4,300Timeline
PRUPRUDENTIAL FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,269 shares; 2024Q4: 8,269 shares; 2025Q1: 221,464 shares; 2025Q2: 1,990 shares; 2025Q3: 1,990 shares; 2025Q4: 1,990 shares 1,990$225K0.04%0Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
AREALEXANDRIA REAL ESTATE EQ IN275,290$22.9Mshares
FISVFISERV INC156,060$20.1Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001214659-26-001385 base2026-02-10acceptance time not in the bulk data set