# EDGAR Filing Document

**Accession Number:** 0001510809
**File Stem:** 0001172661-26-002005
**Filing Date:** 2026-5
**Character Count:** 16142
**Document Hash:** d473e485dd90f6762d74f3d61092c1f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-002005.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001172661-26-002005

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260514

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AVALON CAPITAL MANAGEMENT
- **CENTRAL INDEX KEY:** 0001510809

**ORGANIZATION NAME:**
- **EIN:** 943158692
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14108
- **FILM NUMBER:** 26981209

**BUSINESS ADDRESS:**
- **STREET 1:** 495 SEAPORT COURT
- **STREET 2:** SUITE 106
- **CITY:** PORT OF REDWOOD CITY
- **STATE:** CA
- **ZIP:** 94063-2785
- **BUSINESS PHONE:** 650-306-1500

**MAIL ADDRESS:**
- **STREET 1:** 495 SEAPORT COURT
- **STREET 2:** SUITE 106
- **CITY:** PORT OF REDWOOD CITY
- **STATE:** CA
- **ZIP:** 94063-2785

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** David R. Rahn & Associates Inc.
- **DATE OF NAME CHANGE:** 20110121

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** AVALON CAPITAL MANAGEMENT<br>**Address:** 495 Seaport Court<br>Suite 106<br>Port Of Redwood City, CA 94063-2785

**Form 13F File Number:** 028-14108

**CRD Number (if applicable):** 000107501

**SEC File Number (if applicable):** 801-41657

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ross Revenaugh<br>**Title:** Managing Partner / CCO<br>**Phone:** 650-690-5469

**Signature, Place, and Date of Signing:**

Ross Revenaugh  Port of Redwood City, CA  05-14-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 122

**Form 13F Information Table Value Total:** $354316909

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 2583935 | 12730 | SH |  | SOLE |  | 0 | 0 | 12730 |
| AIR PRODUCTS AND CHEMICALS I | COM | 009158106 |  | 321118 | 1105 | SH |  | SOLE |  | 0 | 0 | 1105 |
| ALAMOS GOLD INC | COM CL A | 011532108 |  | 210509 | 4738 | SH |  | SOLE |  | 0 | 0 | 4738 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 39208231 | 136348 | SH |  | SOLE |  | 0 | 0 | 136348 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 18254520 | 63636 | SH |  | SOLE |  | 0 | 0 | 63636 |
| AMAZON COM INC | COM | 023135106 |  | 10883357 | 52256 | SH |  | SOLE |  | 0 | 0 | 52256 |
| AMGEN INC | COM | 031162100 |  | 4347916 | 12357 | SH |  | SOLE |  | 0 | 0 | 12357 |
| AMPLIFY ETF TR | CWP ENHANCED DIV | 032108409 |  | 4381167 | 97685 | SH |  | SOLE |  | 0 | 0 | 97685 |
| APPLE INC | COM | 037833100 |  | 11716364 | 46166 | SH |  | SOLE |  | 0 | 0 | 46166 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 948967 | 7729 | SH |  | SOLE |  | 0 | 0 | 7729 |
| BANK MONTREAL MEDIUM | COM | 063671101 |  | 463540 | 3425 | SH |  | SOLE |  | 0 | 0 | 3425 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2227594 | 4649 | SH |  | SOLE |  | 0 | 0 | 4649 |
| BP PLC | SPONSORED ADR | 055622104 |  | 406926 | 8658 | SH |  | SOLE |  | 0 | 0 | 8658 |
| BROADCOM INC | COM | 11135F101 |  | 313843 | 1014 | SH |  | SOLE |  | 0 | 0 | 1014 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 239662 | 1172 | SH |  | SOLE |  | 0 | 0 | 1172 |
| CANADIAN NAT RES LTD MED TER | COM | 136385101 |  | 1293684 | 26548 | SH |  | SOLE |  | 0 | 0 | 26548 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 350857 | 3414 | SH |  | SOLE |  | 0 | 0 | 3414 |
| CHEVRON CORPORATION | COM | 166764100 |  | 10600728 | 51236 | SH |  | SOLE |  | 0 | 0 | 51236 |
| CISCO SYS INC | COM | 17275R102 |  | 11895400 | 153311 | SH |  | SOLE |  | 0 | 0 | 153311 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 1252513 | 1257 | SH |  | SOLE |  | 0 | 0 | 1257 |
| DANAHER CORP DEL | COM | 235851102 |  | 304498 | 1606 | SH |  | SOLE |  | 0 | 0 | 1606 |
| DAVITA INC | COM | 23918K108 |  | 431562 | 2808 | SH |  | SOLE |  | 0 | 0 | 2808 |
| DBX ETF TR | XTRACK HRVST CSI | 233051879 |  | 212160 | 6500 | SH |  | SOLE |  | 0 | 0 | 6500 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 |  | 5842799 | 148144 | SH |  | SOLE |  | 0 | 0 | 148144 |
| EATON CORP PLC | SHS | G29183103 |  | 217463 | 608 | SH |  | SOLE |  | 0 | 0 | 608 |
| ELI LILLY  CO | COM | 532457108 |  | 6972834 | 7581 | SH |  | SOLE |  | 0 | 0 | 7581 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 1158000 | 60000 | SH |  | SOLE |  | 0 | 0 | 60000 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 747861 | 4408 | SH |  | SOLE |  | 0 | 0 | 4408 |
| FEDEX CORP | COM | 31428X106 |  | 3085231 | 8662 | SH |  | SOLE |  | 0 | 0 | 8662 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 216274 | 927 | SH |  | SOLE |  | 0 | 0 | 927 |
| FREEPORT MCMORAN INC | CL B | 35671D857 |  | 328580 | 5590 | SH |  | SOLE |  | 0 | 0 | 5590 |
| GE AEROSPACE | COM NEW | 369604301 |  | 387346 | 1365 | SH |  | SOLE |  | 0 | 0 | 1365 |
| GE VERNOVA INC | COM | 36828A101 |  | 2206691 | 2528 | SH |  | SOLE |  | 0 | 0 | 2528 |
| GLOBAL X FDS | DATA CTR  DIGIT | 37954Y236 |  | 2868060 | 119702 | SH |  | SOLE |  | 0 | 0 | 119702 |
| GLOBAL X FDS | AGTECH AND FOOD | 37960A198 |  | 880502 | 25454 | SH |  | SOLE |  | 0 | 0 | 25454 |
| GLOBAL X FDS | GLOBAL X SILVER | 37954Y848 |  | 1008175 | 11192 | SH |  | SOLE |  | 0 | 0 | 11192 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 9289358 | 191810 | SH |  | SOLE |  | 0 | 0 | 191810 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 |  | 604246 | 6031 | SH |  | SOLE |  | 0 | 0 | 6031 |
| GOLDMAN SACHS ETF TR | S 500 PREMIUM | 38149W622 |  | 2598127 | 51921 | SH |  | SOLE |  | 0 | 0 | 51921 |
| GOLDMAN SACHS ETF TR | ULTRA SHORT BOND | 381430230 |  | 1258442 | 24895 | SH |  | SOLE |  | 0 | 0 | 24895 |
| HECLA MINING COMPANY | COM | 422704106 |  | 711703 | 38202 | SH |  | SOLE |  | 0 | 0 | 38202 |
| HEICO CORP NEW | COM | 422806109 |  | 671894 | 2450 | SH |  | SOLE |  | 0 | 0 | 2450 |
| INNOVATOR ETFS TRUST | GRWT100 PWR BUF | 45782C276 |  | 306655 | 4294 | SH |  | SOLE |  | 0 | 0 | 4294 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 17183553 | 992122 | SH |  | SOLE |  | 0 | 0 | 992122 |
| INVESCO CURRENCYSHARES SWISS | SWISS FRANC | 46138R108 |  | 239148 | 2166 | SH |  | SOLE |  | 0 | 0 | 2166 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1375997 | 2384 | SH |  | SOLE |  | 0 | 0 | 2384 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 4028030 | 45690 | SH |  | SOLE |  | 0 | 0 | 45690 |
| ISHARES INC | MSCI JAPN SMCETF | 464286582 |  | 2001984 | 20622 | SH |  | SOLE |  | 0 | 0 | 20622 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 12047918 | 172730 | SH |  | SOLE |  | 0 | 0 | 172730 |
| ISHARES INC | MSCI GLB SLV | 464286327 |  | 659308 | 18593 | SH |  | SOLE |  | 0 | 0 | 18593 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 |  | 520592 | 6920 | SH |  | SOLE |  | 0 | 0 | 6920 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 3474731 | 50994 | SH |  | SOLE |  | 0 | 0 | 50994 |
| ISHARES TR | CORE 30/70 CONSE | 464289883 |  | 2051622 | 51432 | SH |  | SOLE |  | 0 | 0 | 51432 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 1251752 | 6526 | SH |  | SOLE |  | 0 | 0 | 6526 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 |  | 351462 | 6256 | SH |  | SOLE |  | 0 | 0 | 6256 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 1434593 | 15273 | SH |  | SOLE |  | 0 | 0 | 15273 |
| ISHARES TR | NORTH AMERN NAT | 464287374 |  | 217961 | 3463 | SH |  | SOLE |  | 0 | 0 | 3463 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 4631452 | 81554 | SH |  | SOLE |  | 0 | 0 | 81554 |
| ISHARES TR | TRUST ISHARE 0-1 | 464288679 |  | 812802 | 7363 | SH |  | SOLE |  | 0 | 0 | 7363 |
| ISHARES TR | LATN AMER 40 ETF | 464287390 |  | 8557407 | 240918 | SH |  | SOLE |  | 0 | 0 | 240918 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 262773 | 1075 | SH |  | SOLE |  | 0 | 0 | 1075 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 248565 | 845 | SH |  | SOLE |  | 0 | 0 | 845 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 502950 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 383306 | 1794 | SH |  | SOLE |  | 0 | 0 | 1794 |
| MANAGED PORTFOLIO SERIES | LEUTHOLD CORE ET | 56167R606 |  | 1796440 | 48205 | SH |  | SOLE |  | 0 | 0 | 48205 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 214354 | 429 | SH |  | SOLE |  | 0 | 0 | 429 |
| META PLATFORMS INC | CL A | 30303M102 |  | 559543 | 978 | SH |  | SOLE |  | 0 | 0 | 978 |
| MICROSOFT CORP | COM | 594918104 |  | 5154343 | 13924 | SH |  | SOLE |  | 0 | 0 | 13924 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 664009 | 11635 | SH |  | SOLE |  | 0 | 0 | 11635 |
| NATURAL RESOURCE PARTNERS LP | COM UNIT LTD PAR | 63900P608 |  | 242000 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| NETFLIX INC. | COM | 64110L106 |  | 605745 | 6300 | SH |  | SOLE |  | 0 | 0 | 6300 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 312448 | 3364 | SH |  | SOLE |  | 0 | 0 | 3364 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2464272 | 14130 | SH |  | SOLE |  | 0 | 0 | 14130 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 87200 | 500 | SH | Call | SOLE |  | 0 | 0 | 500 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 274495 | 4223 | SH |  | SOLE |  | 0 | 0 | 4223 |
| ORACLE CORP | COM | 68389X105 |  | 999612 | 6795 | SH |  | SOLE |  | 0 | 0 | 6795 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 496621 | 3395 | SH |  | SOLE |  | 0 | 0 | 3395 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 382410 | 7000 | SH |  | SOLE |  | 0 | 0 | 7000 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 203940 | 1412 | SH |  | SOLE |  | 0 | 0 | 1412 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 254382 | 1298 | SH |  | SOLE |  | 0 | 0 | 1298 |
| ROYAL GOLD INC | COM | 780287108 |  | 431106 | 1694 | SH |  | SOLE |  | 0 | 0 | 1694 |
| S GLOBAL INC | COM | 78409V104 |  | 269240 | 633 | SH |  | SOLE |  | 0 | 0 | 633 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 480279 | 5110 | SH |  | SOLE |  | 0 | 0 | 5110 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 952614 | 31050 | SH |  | SOLE |  | 0 | 0 | 31050 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 569875 | 4288 | SH |  | SOLE |  | 0 | 0 | 4288 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 250849 | 5081 | SH |  | SOLE |  | 0 | 0 | 5081 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 666489 | 4121 | SH |  | SOLE |  | 0 | 0 | 4121 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 209895 | 1926 | SH |  | SOLE |  | 0 | 0 | 1926 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 202696 | 4417 | SH |  | SOLE |  | 0 | 0 | 4417 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 16122106 | 37468 | SH |  | SOLE |  | 0 | 0 | 37468 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A755 |  | 2266806 | 20987 | SH |  | SOLE |  | 0 | 0 | 20987 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A631 |  | 945060 | 3721 | SH |  | SOLE |  | 0 | 0 | 3721 |
| SPINNAKER ETF SERIES | SELECT STOXX EUR | 84858T772 |  | 2319613 | 56937 | SH |  | SOLE |  | 0 | 0 | 56937 |
| STATE STR SPDR DOW JONES IND | UT SER 1 | 78467X109 |  | 283009 | 611 | SH |  | SOLE |  | 0 | 0 | 611 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 1091626 | 1679 | SH |  | SOLE |  | 0 | 0 | 1679 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 1093944 | 3237 | SH |  | SOLE |  | 0 | 0 | 3237 |
| TCW ETF TRUST | TRANSFORM SYSTEM | 29287L205 |  | 5387591 | 55107 | SH |  | SOLE |  | 0 | 0 | 55107 |
| TEXAS INSTRS INC | COM | 882508104 |  | 313536 | 1615 | SH |  | SOLE |  | 0 | 0 | 1615 |
| TKO GROUP HOLDINGS INC | CL A | 87256C101 |  | 212337 | 1053 | SH |  | SOLE |  | 0 | 0 | 1053 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 324509 | 280 | SH |  | SOLE |  | 0 | 0 | 280 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 880244 | 1684 | SH |  | SOLE |  | 0 | 0 | 1684 |
| VANECK BITCOIN ETF | SH BEN INT | 92189K105 |  | 703210 | 36702 | SH |  | SOLE |  | 0 | 0 | 36702 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 17899326 | 46684 | SH |  | SOLE |  | 0 | 0 | 46684 |
| VANECK ETF TRUST | URANIUM AND NUCL | 92189F601 |  | 226423 | 1700 | SH |  | SOLE |  | 0 | 0 | 1700 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 3824878 | 39554 | SH |  | SOLE |  | 0 | 0 | 39554 |
| VANECK ETF TRUST | REAL ASSETS ETF | 92189F130 |  | 3677823 | 90342 | SH |  | SOLE |  | 0 | 0 | 90342 |
| VANECK ETF TRUST | COMMODITY STGY | 92189H771 |  | 3563644 | 49242 | SH |  | SOLE |  | 0 | 0 | 49242 |
| VANECK ETF TRUST | RARE EARTH AND S | 92189H805 |  | 7590264 | 86253 | SH |  | SOLE |  | 0 | 0 | 86253 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 23121002 | 251945 | SH |  | SOLE |  | 0 | 0 | 251945 |
| VANECK FDS | EMERGING MARKETS | 92107P772 |  | 8197369 | 163593 | SH |  | SOLE |  | 0 | 0 | 163593 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 2609068 | 13298 | SH |  | SOLE |  | 0 | 0 | 13298 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 442496 | 741 | SH |  | SOLE |  | 0 | 0 | 741 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 |  | 566619 | 7490 | SH |  | SOLE |  | 0 | 0 | 7490 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 247927 | 4587 | SH |  | SOLE |  | 0 | 0 | 4587 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 354431 | 3781 | SH |  | SOLE |  | 0 | 0 | 3781 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 215490 | 1002 | SH |  | SOLE |  | 0 | 0 | 1002 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 299990 | 2026 | SH |  | SOLE |  | 0 | 0 | 2026 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 470323 | 2718 | SH |  | SOLE |  | 0 | 0 | 2718 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 425609 | 610 | SH |  | SOLE |  | 0 | 0 | 610 |
| VISA INC | COM CL A | 92826C839 |  | 1310815 | 4337 | SH |  | SOLE |  | 0 | 0 | 4337 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 497969 | 3801 | SH |  | SOLE |  | 0 | 0 | 3801 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 |  | 1639797 | 18668 | SH |  | SOLE |  | 0 | 0 | 18668 |

---