TRAN CAPITAL MANAGEMENT, L.P.

SAN RAFAEL, CA · CIK 1009262 · 13F filing filed 2025-07-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbySan Rafael, CA

$849.6m reported value +14.3% vs Q1 2025

68positions

56.1%in top 10

6 new 9 added 28 reduced 3 sold out vs Q1 2025

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSOFT CORP COM MSFT	MSFT	132,590	$66.0m7.76%	7.76%	Reduced -2.0k	-2,049 -1.5%
2	AMAZON COM INC COM AMZN	AMZN	292,285	$64.1m7.55%	7.55%	Reduced -4.7k	-4,672 -1.6%
3	NVIDIA CORPORATION COM NVDA	NVDA	383,291	$60.6m7.13%	7.13%	Reduced -8.5k	-8,484 -2.2%
4	TALEN ENERGY CORP COM TLN	TLN	203,560	$59.2m6.97%	6.97%	Reduced -63.4k	-63,370 -23.7%
5	META PLATFORMS INC CL A META	META	60,852	$44.9m5.29%	5.29%	Reduced -945	-945 -1.5%
6	FERGUSON ENTERPRISES INC COMMON STOCK NEW FERG	FERG	199,174	$43.4m5.10%	5.10%	Reduced -3.1k	-3,115 -1.5%
7	PALO ALTO NETWORKS INC COM PANW	PANW	186,926	$38.3m4.50%	4.50%	Reduced -2.5k	-2,474 -1.3%
8	DANAHER CORPORATION COM DHR	DHR	182,188	$36.0m4.24%	4.24%	Reduced -8.3k	-8,331 -4.4%
9	INTUIT COM INTU	INTU	41,102	$32.4m3.81%	3.81%	Reduced -346	-346 -0.8%
10	MARTIN MARIETTA MATLS INC COM MLM	MLM	58,309	$32.0m3.77%	3.77%	Added +2.7k	+2,693 4.8%
11	GE VERNOVA INC COM GEV	GEV	59,229	$31.3m3.69%	3.69%	Added +7.3k	+7,304 14.1%
12	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	134,926	$30.6m3.60%	3.60%	Reduced -53.8k	-53,818 -28.5%
13	VEEVA SYS INC CL A COM VEEV	VEEV	95,715	$27.6m3.24%	3.24%	Reduced -543	-543 -0.6%
14	T-MOBILE US INC COM TMUS	TMUS	109,126	$26.0m3.06%	3.06%	Reduced -1.3k	-1,309 -1.2%
15	SALESFORCE INC COM CRM	CRM	92,134	$25.1m2.96%	2.96%	Reduced -816	-816 -0.9%
16	COSTAR GROUP INC COM CSGP	CSGP	286,120	$23.0m2.71%	2.71%	Reduced -2.6k	-2,640 -0.9%
17	FAIR ISAAC CORP COM FICO	FICO	10,491	$19.2m2.26%	2.26%	Added +9.3k	+9,262 753.6%
18	GITLAB INC CLASS A COM GTLB	GTLB	406,252	$18.3m2.16%	2.16%	Added +89.7k	+89,717 28.3%
19	ALPHABET INC CAP STK CL A GOOGL	GOOGL	100,335	$17.7m2.08%	2.08%	Reduced -1.7k	-1,728 -1.7%
20	NETFLIX INC COM NFLX	NFLX	12,988	$17.4m2.05%	2.05%	Added +6.9k	+6,862 112.0%
21	SCHWAB CHARLES CORP COM SCHW	SCHW	165,535	$15.1m1.78%	1.78%	Reduced -12.9k	-12,887 -7.2%
22	ELEVANCE HEALTH INC COM ELV	ELV	36,817	$14.3m1.69%	1.69%	New
23	CAPITAL ONE FINL CORP COM COF	COF	61,627	$13.1m1.54%	1.54%	New
24	PROGRESSIVE CORP COM PGR	PGR	44,327	$11.8m1.39%	1.39%	Reduced -471	-471 -1.1%
25	SHERWIN WILLIAMS CO COM SHW	SHW	31,796	$10.9m1.29%	1.29%	Reduced -510	-510 -1.6%
26	NIKE INC CL B NKE	NKE	127,434	$9.1m1.07%	1.07%	Added +27.6k	+27,632 27.7%
27	AERCAP HOLDINGS NV SHS AER	AER	76,315	$8.9m1.05%	1.05%	Reduced -700	-700 -0.9%
28	EXPEDIA GROUP INC COM NEW EXPE	EXPE	52,532	$8.9m1.04%	1.04%	Reduced -11.4k	-11,376 -17.8%
29	AIR PRODS & CHEMS INC COM APD	APD	28,915	$8.2m0.96%	0.96%	Reduced -786	-786 -2.6%
30	TENET HEALTHCARE CORP COM NEW THC	THC	35,438	$6.2m0.73%	0.73%	New
31	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	11,949	$3.6m0.42%	0.42%	Reduced -469	-469 -3.8%
32	GRACO INC COM GGG	GGG	23,269	$2.0m0.24%	0.24%	Reduced -3.5k	-3,550 -13.2%
33	APPLE INC COM AAPL	AAPL	9,234	$1.9m0.22%	0.22%	Reduced -36	-36 -0.4%
34	EXTRA SPACE STORAGE INC COM EXR	EXR	11,910	$1.8m0.21%	0.21%	Unchanged
35	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	8,038	$1.3m0.16%	0.16%	Reduced -785	-785 -8.9%
36	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	3,927	$1.2m0.14%	0.14%	Unchanged
37	PAYCHEX INC COM PAYX	PAYX	7,887	$1.1m0.14%	0.14%	Unchanged
38	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,813	$1.1m0.13%	0.13%	Unchanged
39	NETAPP INC COM NTAP	NTAP	10,169	$1.1m0.13%	0.13%	Unchanged
40	TESLA INC COM TSLA	TSLA	3,164	$1.0m0.12%	0.12%	Unchanged
41	LPL FINL HLDGS INC COM LPLA	LPLA	2,554	$957.7k0.11%	0.11%	New
42	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	3,532	$886.0k0.10%	0.10%	Unchanged
43	ELI LILLY & CO COM LLY	LLY	1,126	$877.8k0.10%	0.10%	Unchanged
44	AFLAC INC COM AFL	AFL	8,000	$843.7k0.10%	0.10%	Unchanged
45	TEXAS INSTRS INC COM TXN	TXN	3,776	$784.0k0.09%	0.09%	Unchanged
46	ENTEGRIS INC COM ENTG	ENTG	9,230	$744.4k0.09%	0.09%	Reduced -102.0k	-102,037 -91.7%
47	DISNEY WALT CO COM DIS	DIS	5,787	$717.6k0.08%	0.08%	Unchanged
48	ISHARES TR MSCI EMG MKT ETF EEM	EEM	13,359	$644.4k0.08%	0.08%	Added +884	+884 7.1%
49	CISCO SYS INC COM CSCO	CSCO	8,500	$589.7k0.07%	0.07%	Unchanged
50	ADVANCED MICRO DEVICES INC COM AMD	AMD	3,874	$549.7k0.06%	0.06%	Reduced -100	-100 -2.5%
51	MARKEL GROUP INC COM MKL	MKL	271	$541.3k0.06%	0.06%	New
52	SCHWAB STRATEGIC TR US TIPS ETF SCHP	SCHP	18,283	$487.8k0.06%	0.06%	Unchanged
53	SCHWAB STRATEGIC TR INT-TRM U.S TRES SCHR	SCHR	19,325	$483.7k0.06%	0.06%	Unchanged
54	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	2,560	$465.3k0.05%	0.05%	Unchanged
55	BLOCK INC CL A XYZ	XYZ	6,768	$459.8k0.05%	0.05%	Unchanged
56	ISHARES TR CORE MSCI EAFE IEFA	IEFA	5,465	$456.2k0.05%	0.05%	Added +725	+725 15.3%
57	ISHARES TR RUSSELL 2000 ETF IWM	IWM	2,091	$451.2k0.05%	0.05%	Added +1	+1 0.1%
58	VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF VMBS	VMBS	8,506	$394.2k0.05%	0.05%	Unchanged
59	BUILDERS FIRSTSOURCE INC COM BLDR	BLDR	3,371	$393.4k0.05%	0.05%	Reduced -142.3k	-142,348 -97.7%
60	ISHARES TR 7-10 YR TRSY BD IEF	IEF	3,450	$330.4k0.04%	0.04%	Unchanged
61	BROWN FORMAN CORP CL B BF.B	BF.B	11,575	$311.5k0.04%	0.04%	Unchanged
62	HOME DEPOT INC COM HD	HD	771	$282.7k0.03%	0.03%	Unchanged
63	AMERICAN HEALTHCARE REIT INC COM SHS AHR	AHR	7,350	$270.0k0.03%	0.03%	Unchanged
64	JOHNSON & JOHNSON COM JNJ	JNJ	1,600	$244.4k0.03%	0.03%	Unchanged
65	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	500	$242.9k0.03%	0.03%	Unchanged
66	JPMORGAN CHASE & CO COM JPM	JPM	801	$232.3k0.03%	0.03%	New
67	ISHARES TR PFD AND INCM SEC PFF	PFF	7,115	$218.3k0.03%	0.03%	Unchanged
68	BIO-TECHNE CORP COM TECH	TECH	4,000	$205.8k0.02%	0.02%	Unchanged

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
JEFFERIES FINL GROUP INC JEF	JEF	276,532	$14.8m276.5k shares
E L F BEAUTY INC ELF	ELF	181,494	$11.4m181.5k shares
IQVIA HLDGS INC IQV	IQV	62,436	$11.0m62.4k shares