Vision Capital Fund Reports Q3 2026 Results
Vision Capital Fund reported unaudited Q3 2026 gross and net returns of 15.0% and 14.4%, respectively, versus 2.3% for the S&P 500. Its top quarterly contributors included Palantir, CrowdStrike, Shopify, Cloudflare, and Meta, while Pro Medicus, Tesla, The Trade Desk, Nu, and Wise were the largest detractors. The fund exited The Trade Desk and added Alphabet and Datadog, leaving it with 26 holdings.
Vision Capital Fund launched on Oct. 1, 2024, and says it remains in its early years. Since inception, its unaudited gross and net gains were 28.9% and 21.4%, while the S&P 500 returned 36.1%. Annualized, the fund returned 13.6% gross and 10.2% net, versus 16.7% for the index.
During Q3 2026, the portfolio's biggest positive contributors were Palantir, CrowdStrike, Shopify, Cloudflare, and Meta. The largest negative contributors were Pro Medicus, Tesla, The Trade Desk, Nu, and Wise. The fund sold The Trade Desk entirely, bought Alphabet and Datadog, and ended with 26 positions. Its trailing 12-month turnover was 3.9%, implying an average holding period above 25 years.
This quarterly update could affect investors who follow concentrated technology-focused funds, potentially drawing more attention or capital to names such as Palantir, CrowdStrike, Shopify, Cloudflare, Meta, Alphabet, and Datadog. Weakness in Pro Medicus, Tesla, The Trade Desk, Nu, and Wise may influence sentiment around those firms. Because the results are unaudited and cover one quarter, broader market or societal effects may be limited. Still, published returns can shape how savers, advisers, and institutions assess active management and portfolio concentration.