DaveManuel.com · Institutional Ownership · 13F Holdings
FORTEM FINANCIAL GROUP, LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| DELL TECHNOLOGIES INC | DELL | $25.0M | 46,468 | +1.02pp | 17q | -0.6%-$146.9K | |
| NVIDIA CORPORATION | NVDA | $20.7M | 90,541 | +0.56pp | 32q | HELD | |
| PALANTIR TECHNOLOGIES INC | PLTR | $16.9M | 90,374 | +1.25pp | 14q | -3.0%-$526.4K | |
| SSGA ACTIVE ETF TR | SRLN | $15.3M | 379,113 | +0.08pp | 7q | +1.8%+$266.7K | |
| KLA CORP | KLAC | $13.2M | 67,954 | -1.41pp | 25q | +1.3%+$176.4K | |
| ALPS ETF TR | AMLP | $12.6M | 243,419 | +0.03pp | 24q | HELD | |
| GLOBAL X FDS | URA | $12.1M | 304,429 | -0.20pp | 14q | +0.8%+$96.9K | |
| BROADCOM INC | AVGO | $11.7M | 33,188 | -0.13pp | 25q | +1.5%+$177.3K | |
| INVESCO QQQ TR | QQQ | $11.4M | 15,431 | +0.02pp | 28q | HELD | |
| ETF OPPORTUNITIES TRUST | VSLU | $10.5M | 217,034 | +0.10pp | 4q | -0.7%-$71.2K | |
| LAM RESEARCH CORP | LRCX | $10.3M | 31,473 | -0.63pp | 7q | +1.0%+$103.2K | |
| APPLIED MATLS INC | AMAT | $10.0M | 19,465 | -0.81pp | 14q | +0.7%+$67.5K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $9.6M | 21,127 | +0.02pp | 10q | +4.9%+$451.6K | |
| MICROSOFT CORP | MSFT | $9.4M | 18,348 | +0.56pp | 32q | +2.2%+$200.5K | |
| ALPHABET INC | GOOGL | $9.3M | 27,090 | +0.03pp | 32q | +4.7%+$418.7K | |
| TESLA INC | TSLA | $9.3M | 26,265 | -0.35pp | 26q | HELD | |
| AMAZON COM INC | AMZN | $9.0M | 36,099 | +0.11pp | 32q | +1.0%+$87.7K | |
| APPLE INC | AAPL | $8.9M | 26,648 | +0.22pp | 32q | -1.5%-$137.9K | |
| COHEN & STEERS ETF TRUST | CSPF | $8.7M | 346,184 | -0.04pp | 4q | +0.5%+$44.9K | |
| SPDR SERIES TRUST | XME | $8.6M | 82,962 | -0.05pp | 19q | HELD | |
| JANUS DETROIT STR TR | VNLA | $8.0M | 163,741 | flat | 7q | HELD | |
| EMCOR GROUP INC | EME | $7.5M | 9,911 | -0.09pp | 18q | +3.2%+$229.4K | |
| AMPHENOL CORP | APH | $7.3M | 86,871 | flat | 7q | +3.8%+$268.3K | |
| MICRON TECHNOLOGY INC | MU | $7.0M | 6,543 | -0.01pp | 4q | +6.7%+$439.9K | |
| META PLATFORMS INC | META | $6.7M | 9,174 | +0.31pp | 32q | HELD | |
| TERADYNE INC | TER | $5.9M | 14,784 | -0.19pp | 4q | +3.9%+$222.1K | |
| NEWMONT CORP | NEM | $5.8M | 49,989 | +0.25pp | 9q | +2.5%+$140.3K | |
| ANALOG DEVICES INC | ADI | $5.6M | 14,115 | +0.06pp | 14q | +4.5%+$243.2K | |
| CARDINAL HEALTH INC | CAH | $5.1M | 23,039 | -0.01pp | 7q | +5.3%+$259.7K | |
| GLOBAL X FDS | PAVE | $4.4M | 83,723 | -0.10pp | 9q | +0.9%+$39.3K | |
| CROWDSTRIKE HLDGS INC | CRWD | $4.3M | 16,149 | +0.26pp | 15q | +2.1%+$86.0K | |
| GLOBAL X FDS | SHLD | $4.3M | 70,755 | -0.04pp | 4q | -5.7%-$257.8K | |
| ARISTA NETWORKS INC | ANET | $4.1M | 20,101 | +0.17pp | 2q | +4.5%+$175.1K | |
| CUMMINS INC | CMI | $4.0M | 7,746 | -0.28pp | 16q | +2.3%+$89.9K | |
| VANGUARD INDEX FDS | VV | $3.9M | 11,081 | -0.01pp | 30q | -3.9%-$158.3K | |
| ANNALY CAPITAL MANAGEMENT IN | NLY | $3.8M | 202,103 | -0.11pp | 17q | +2.8%+$102.6K | |
| VANGUARD INDEX FDS | VOO | $3.8M | 5,442 | +0.02pp | 6q | -0.6%-$21.7K | |
| GE VERNOVA INC | GEV | $3.7M | 3,915 | -0.15pp | 9q | +2.3%+$83.6K | |
| TAPESTRY INC | TPR | $3.7M | 32,254 | -0.17pp | 15q | +3.5%+$124.5K | |
| ADVISORS INNER CIRCLE FD III | SAMT | $3.7M | 88,386 | -0.07pp | 16q | +4.6%+$163.1K | |
| HOWMET AEROSPACE INC | HWM | $3.6M | 15,826 | -0.10pp | 5q | +3.7%+$127.6K | |
| GOLDMAN SACHS ETF TR | GVLE | $3.4M | 71,644 | flat | 4q | -0.6%-$19.0K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $3.3M | 4,360 | +0.03pp | 32q | +2.1%+$67.1K | |
| ULTA BEAUTY INC | ULTA | $3.2M | 5,807 | +0.14pp | 7q | +5.4%+$162.2K | |
| HCA Healthcare, Inc. | HCA | $3.1M | 7,240 | +0.04pp | 18q | -2.3%-$73.4K | |
| NETFLIX INC. | NFLX | $2.9M | 41,636 | -0.01pp | 12q | HELD | |
| ENERGY TRANSFER L P | ET | $2.9M | 146,422 | +0.03pp | 25q | +1.2%+$34.0K | |
| SIMON PPTY GROUP INC NEW | SPG | $2.8M | 13,951 | -0.02pp | 22q | +6.4%+$169.2K | |
| NASDAQ INC | NDAQ | $2.8M | 30,138 | +0.11pp | 5q | +4.6%+$121.5K | |
| PINNACLE WEST CAP CORP | PNW | $2.7M | 28,979 | -0.07pp | 9q | +1.3%+$35.9K | |
| AUTODESK INC | ADSK | $2.6M | 12,294 | +0.05pp | 13q | +1.2%+$30.7K | |
| JPMORGAN CHASE & CO | JPM | $2.6M | 7,722 | -0.01pp | 32q | -4.3%-$115.1K | |
| NATIONAL FUEL GAS CO | NFG | $2.4M | 32,198 | +0.01pp | 9q | +3.5%+$82.1K | |
| PACER FDS TR | COWG | $2.4M | 60,587 | -0.01pp | 4q | -1.1%-$27.2K | |
| HALLIBURTON CO | HAL | $2.4M | 75,005 | -0.03pp | 4q | +0.5%+$12.4K | |
| DOLLAR GEN CORP | DG | $2.4M | 19,704 | +0.04pp | 6q | +4.2%+$95.8K | |
| CISCO SYS INC | CSCO | $2.3M | 21,103 | -0.03pp | 16q | +1.3%+$29.3K | |
| ROKU INC | ROKU | $2.3M | 14,884 | +0.07pp | 2q | +6.4%+$136.6K | |
| BLACKSTONE INC | BX | $2.2M | 19,507 | -0.02pp | 13q | -0.7%-$16.1K | |
| NUVEEN S&P 500 DYNAMIC OVERW | SPXX | $2.2M | 116,783 | -0.04pp | 12q | -7.3%-$170.4K | |
| NRG ENERGY INC | NRG | $2.1M | 22,239 | -0.24pp | 18q | -2.8%-$60.9K | |
| IDEXX LABS INC | IDXX | $2.1M | 3,974 | flat | 4q | +0.5%+$11.0K | |
| REDDIT INC | RDDT | $2.0M | 14,078 | -0.07pp | 2q | +4.3%+$83.0K | |
| AUTOZONE INC | AZO | $1.9M | 676 | -0.07pp | 9q | -4.5%-$90.6K | |
| CATERPILLAR INC | CAT | $1.9M | 2,345 | -0.12pp | 24q | HELD | |
| ADVANCED MICRO DEVICES INC | AMD | $1.9M | 3,099 | flat | 11q | -5.4%-$108.9K | |
| ELI LILLY & CO | LLY | $1.8M | 1,577 | -0.01pp | 31q | HELD | |
| NORTHROP GRUMMAN CORP | NOC | $1.7M | 3,598 | flat | 8q | +4.0%+$66.2K | |
| MPLX LP | MPLX | $1.7M | 29,941 | +0.01pp | 18q | +2.6%+$42.3K | |
| S&P GLOBAL INC | SPGI | $1.7M | 4,256 | flat | 7q | +2.7%+$44.6K | |
| ARM HOLDINGS PLC | ARM | $1.7M | 5,743 | -0.07pp | 11q | HELD | |
| GRAYSCALE BITCOIN TRUST ETF | GBTC | $1.6M | 24,657 | +0.10pp | 11q | HELD | |
| ABBVIE INC | ABBV | $1.6M | 5,933 | +0.02pp | 25q | +2.7%+$40.5K | |
| BLOOM ENERGY CORP | BE | $1.5M | 5,454 | +0.01pp | 4q | +14.1%+$187.0K | |
| EMERSON ELEC CO | EMR | $1.5M | 9,719 | +0.02pp | 17q | -0.7%-$9.9K | |
| PLAINS ALL AMERN PIPELINE L | PAA | $1.5M | 63,422 | +0.02pp | 18q | HELD | |
| PHILIP MORRIS INTL INC | PM | $1.5M | 7,763 | +0.02pp | 22q | +1.6%+$23.9K | |
| COSTCO WHOLESALE CORPORATION | COST | $1.5M | 1,597 | +0.01pp | 32q | +6.3%+$86.5K | |
| VALERO ENERGY CORP | VLO | $1.4M | 3,732 | +0.09pp | 24q | -2.6%-$38.8K | |
| SPACE EXPLORATION TECHN CORP | SPCX | $1.3M | 8,916 | +0.10pp | 2q | +75.2%+$577.3K | |
| GE AEROSPACE | GE | $1.3M | 4,300 | -0.05pp | 21q | +1.2%+$15.6K | |
| INTEL CORP | INTC | $1.3M | 10,683 | -0.04pp | 12q | -1.0%-$13.0K | |
| JOHNSON & JOHNSON | JNJ | $1.2M | 4,546 | +0.04pp | 7q | +12.1%+$129.5K | |
| PALO ALTO NETWORKS INC | PANW | $1.2M | 2,997 | +0.04pp | 7q | +0.5%+$6.0K | |
| MCDONALDS CORP | MCD | $1.1M | 4,969 | -0.04pp | 26q | HELD | |
| QUALCOMM INC | QCOM | $1.1M | 6,138 | -0.01pp | 7q | -3.5%-$41.0K | |
| TRANSOCEAN LTD | RIG | $1.1M | 204,000 | +0.01pp | 2q | -1.0%-$10.5K | |
| GILEAD SCIENCES INC | GILD | $1.0M | 6,810 | +0.04pp | 18q | +3.4%+$33.5K | |
| BANK OF AMER CORP | BAC | $1.0M | 18,552 | -0.01pp | 32q | HELD | |
| PNC FINL SVCS GROUP INC | PNC | $955.4K | 4,299 | -0.01pp | 30q | +2.6%+$24.0K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $875.4K | 1,758 | flat | 30q | HELD | |
| BAKER HUGHES COMPANY | BKR | $859.0K | 15,646 | flat | 7q | HELD | |
| ISHARES TR | IWM | $857.6K | 3,086 | -0.04pp | 3q | -13.5%-$134.2K | |
| AT&T INC | T | $846.7K | 34,699 | +0.03pp | 15q | +5.3%+$42.5K | |
| COGNIZANT TECHNOLOGY SOLUTIO | CTSH | $801.8K | 13,959 | +0.07pp | 4q | +10.9%+$78.8K | |
| MORGAN STANLEY | MS | $801.4K | 4,261 | -0.02pp | 24q | -0.6%-$5.1K | |
| RIGETTI COMPUTING INC | RGTI | $796.5K | 50,606 | -0.04pp | 7q | -3.4%-$27.7K | |
| BLACKROCK INC | BLK | $780.0K | 737 | +0.02pp | 7q | HELD | |
| WALMART INC | WMT | $779.7K | 7,503 | -0.02pp | 14q | -2.2%-$17.5K | |
| EXPEDIA GROUP INC | EXPE | $750.6K | 2,850 | +0.01pp | 14q | HELD | |
| QUANTA SVCS INC | PWR | $750.5K | 1,168 | -0.02pp | 11q | HELD | |
| SELECT SECTOR SPDR TR | XLB | $750.0K | 15,400 | -0.01pp | 19q | HELD | |
| ENTERPRISE PRODS PARTNERS L | EPD | $749.8K | 21,055 | -0.01pp | 18q | -1.2%-$9.2K | |
| VANGUARD INDEX FDS | VO | $749.5K | 9,558 | flat | 11q | -0.6%-$4.9K | |
| EBAY INC. | EBAY | $747.3K | 7,047 | flat | 14q | +2.1%+$15.1K | |
| AUTOLIV INC | ALV | $743.7K | 6,647 | flat | 9q | HELD | |
| ALPHABET INC | GOOG | $729.5K | 2,141 | flat | 13q | +1.4%+$9.9K | |
| GENERAL DYNAMICS CORP | GD | $726.4K | 2,189 | -0.01pp | 17q | HELD | |
| BLACKROCK SCIENCE & TECHNOLO | BST | $703.8K | 14,084 | flat | 3q | +2.1%+$14.6K | |
| DUKE ENERGY CORP NEW | DUK | $698.2K | 6,124 | -0.03pp | 6q | -10.3%-$80.4K | |
| ORACLE CORP | ORCL | $654.2K | 4,764 | -0.03pp | 6q | -12.0%-$89.3K | |
| CBOE GLOBAL MKTS INC | CBOE | $644.5K | 2,341 | +0.01pp | 19q | -2.2%-$14.6K | |
| AST SPACEMOBILE INC | ASTS | $621.3K | 10,555 | -0.04pp | 6q | +17.0%+$90.1K | |
| SELECT SECTOR SPDR TR | XLU | $617.8K | 15,664 | -0.03pp | 9q | -8.1%-$54.3K | |
| MASTERCARD INCORPORATED | MA | $609.9K | 1,106 | +0.01pp | 32q | +1.2%+$7.2K | |
| PFIZER INC | PFE | $604.8K | 21,207 | +0.02pp | 4q | -0.8%-$5.2K | |
| ARK ETF TR | ARKK | $557.5K | 6,257 | -0.02pp | 5q | -23.8%-$173.8K | |
| WILLIAMS COS INC | WMB | $545.4K | 8,024 | -0.01pp | 5q | HELD | |
| CITIZENS FINL GROUP INC | CFG | $545.3K | 8,552 | -0.01pp | 4q | +2.6%+$13.6K | |
| DEERE CO | DE | $537.2K | 800 | +0.02pp | 2q | +14.3%+$67.2K | |
| UBER TECHNOLOGIES INC | UBER | $534.1K | 7,796 | -0.01pp | 13q | -1.3%-$7.2K | |
| LOCKHEED MARTIN CORP | LMT | $527.4K | 1,036 | +0.01pp | 13q | +4.9%+$24.4K | |
| L3HARRIS TECHNOLOGIES INC | LHX | $524.2K | 2,214 | -0.02pp | 9q | HELD | |
| KINDER MORGAN INC DEL | KMI | $481.7K | 15,978 | -0.01pp | 8q | -3.9%-$19.8K | |
| TEXAS INSTRS INC | TXN | $464.7K | 1,659 | -0.01pp | 3q | -3.2%-$15.1K | |
| ISHARES TR | HDV | $454.8K | 16,265 | flat | 2q | HELD | |
| UNITED RENTALS INC | URI | $433.3K | 433 | -0.01pp | 6q | HELD | |
| PACER FDS TR | PTLC | $432.0K | 7,260 | flat | 2q | HELD | |
| CASEYS GEN STORES INC | CASY | $425.9K | 700 | -0.03pp | 14q | HELD | |
| WELLS FARGO & CO | WFC | $416.2K | 5,199 | flat | 21q | +1.3%+$5.3K | |
| VISA INC | V | $413.2K | 1,150 | +0.01pp | 14q | +4.7%+$18.7K | |
| SELECT SECTOR SPDR TR | XLF | $404.0K | 7,566 | flat | 9q | HELD | |
| ISHARES TR | QUAL | $402.9K | 1,813 | flat | 2q | HELD | |
| FIRST INDL RLTY TR INC | FR | $401.3K | 6,740 | -0.02pp | 14q | -13.5%-$62.6K | |
| Ventas Inc | VTR | $394.9K | 4,645 | flat | 5q | HELD | |
| ISHARES TR | IEFA | $393.6K | 4,063 | - | new | NEW | |
| RTX CORPORATION | RTX | $378.4K | 2,038 | flat | 7q | HELD | |
| MGIC INVT CORP WIS | MTG | $376.2K | 14,559 | -0.01pp | 14q | HELD | |
| J P MORGAN EXCHANGE TRADED F | JEPI | $372.4K | 6,624 | +0.02pp | 21q | +30.3%+$86.7K | |
| CHEVRON CORPORATION | CVX | $358.2K | 1,754 | +0.01pp | 3q | -7.9%-$30.6K | |
| SCHWAB STRATEGIC TR | SCHX | $351.8K | 11,728 | +0.01pp | 6q | +6.6%+$21.7K | |
| JANUS DETROIT STR TR | JAAA | $350.7K | 6,948 | flat | 2q | +5.8%+$19.2K | |
| HUNTINGTON BANCSHARES INC | HBAN | $347.1K | 22,747 | -0.01pp | 30q | -1.6%-$5.8K | |
| SERVICENOW INC | NOW | $346.8K | 2,588 | - | new | NEW | |
| VANGUARD INDEX FDS | VTI | $340.2K | 909 | flat | 10q | -3.6%-$12.7K | |
| PROSHARES TR | UPRO | $335.1K | 2,280 | flat | 2q | +1.3%+$4.4K | |
| ROYAL CARIBBEAN GROUP | RCL | $332.6K | 1,251 | -0.02pp | 2q | -11.2%-$42.0K | |
| FREEPORT-MCMORAN INC | FCX | $327.8K | 4,683 | +0.01pp | 4q | HELD | |
| ISHARES TR | IVV | $326.3K | 426 | - | new | NEW | |
| CF INDUSTRIES HOLD | CF | $325.9K | 2,829 | +0.01pp | 3q | +3.5%+$10.9K | |
| CORNING INC | GLW | $324.7K | 2,112 | -0.04pp | 3q | +1.0%+$3.2K | |
| BOEING CO | BA | $320.9K | 1,725 | -0.01pp | 4q | HELD | |
| HF SINCLAIR CORP | DINO | $311.2K | 2,900 | - | new | NEW | |
| DEVON ENERGY CORP NEW | DVN | $305.6K | 6,637 | flat | 9q | -8.1%-$26.8K | |
| AMERICAN ELEC PWR CO INC | AEP | $304.5K | 2,566 | -0.01pp | 11q | +0.7%+$2.3K | |
| IONQ INC | IONQ | $304.2K | 6,935 | -0.02pp | 2q | -5.6%-$18.0K | |
| GENERAL MTRS CO | GM | $290.4K | 3,772 | flat | 24q | -0.8%-$2.5K | |
| ISHARES INC | IEMG | $290.2K | 3,576 | - | new | NEW | |
| ROYCE SMALL CAP TRUST INC | RVT | $286.8K | 16,740 | flat | 3q | +1.8%+$5.0K | |
| SELECT SECTOR SPDR TR | XLV | $285.1K | 1,693 | flat | 26q | HELD | |
| CHARLES SCHWAB CORP (THE) | SCHW | $285.1K | 2,917 | - | new | NEW | |
| EOG RES INC | EOG | $278.4K | 2,021 | +0.01pp | 24q | +13.1%+$32.2K | |
| ISHARES TR | SHY | $275.8K | 3,396 | flat | 15q | -6.7%-$19.8K | |
| CENCORA INC | COR | $270.2K | 900 | flat | 15q | -11.9%-$36.6K | |
| CAPITAL ONE FINL CORP | COF | $258.7K | 1,340 | flat | 6q | HELD | |
| HONEYWELL INTL INC | HON | $256.1K | 1,214 | -0.01pp | 2q | -17.6%-$54.8K | |
| IRIDIUM COMMUNICATIONS INC | IRDM | $246.0K | 5,135 | - | new | NEW | |
| ALBEMARLE CORP | ALB | $239.7K | 2,266 | -0.02pp | 13q | -5.0%-$12.7K | |
| EXXON MOBIL CORP | XOM | $239.6K | 1,472 | +0.01pp | 9q | -5.4%-$13.7K | |
| GOLDMAN SACHS GROUP INC | GS | $235.0K | 261 | -0.01pp | 9q | HELD | |
| HOME DEPOT INC | HD | $232.9K | 819 | -0.01pp | 31q | -1.1%-$2.6K | |
| SCHWAB STRATEGIC TR | SCHF | $231.0K | 8,409 | flat | 4q | HELD | |
| CITIGROUP INC | C | $230.0K | 1,776 | flat | 4q | -1.5%-$3.5K | |
| KEURIG DR PEPPER INC | KDP | $229.5K | 7,565 | -0.01pp | 3q | -4.5%-$10.7K | |
| GARMIN LTD | GRMN | $229.5K | 800 | - | new | NEW | |
| VANECK ETF TRUST | MOAT | $227.5K | 2,152 | - | new | NEW | |
| ISHARES TR | IJH | $225.1K | 3,128 | - | new | NEW | |
| ALTRIA GROUP INC | MO | $224.0K | 3,327 | flat | 3q | -0.8%-$1.8K | |
| ISHARES TR | IWF | $218.0K | 1,740 | flat | 2q | +6.1%+$12.5K | |
| VANGUARD WHITEHALL FDS | VYM | $217.3K | 1,400 | -0.01pp | 6q | -12.5%-$31.0K | |
| TEXAS PACIFIC LAND CORPORATI | TPL | $211.8K | 650 | -0.07pp | 6q | -48.0%-$195.5K | |
| MERCK & CO INC | MRK | $206.3K | 1,420 | - | new | NEW | |
| INTERNATIONAL BUSINESS MACHS | IBM | $205.7K | 935 | -0.01pp | 2q | -5.7%-$12.5K | |
| XPO INC | XPO | $205.2K | 1,166 | -0.02pp | 3q | -14.6%-$35.2K | |
| QUANTUM COMPUTING INC | QUBT | $203.3K | 24,060 | -0.01pp | 4q | -14.8%-$35.4K | |
| NEWSMAX INC | NMAX | $142.4K | 13,175 | +0.01pp | 5q | HELD | |
| FORD MTR CO | F | $132.3K | 10,970 | flat | 7q | +1.2%+$1.5K | |
| ENERGY FUELS INC | UUUU | $118.0K | 10,695 | -0.02pp | 4q | -22.7%-$34.7K | |
| BULLFROG AI HLDGS INC | BFRG | $30.1K | 50,000 | flat | 11q | HELD | |
| BIOMEA FUSION INC | BMEA | $13.3K | 10,000 | flat | 2q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $86.3M | 17.7% |
| Software & IT Services | $56.3M | 11.6% |
| Computer Hardware | $41.6M | 8.5% |
| Retail & Consumer | $24.2M | 5.0% |
| Instruments & Controls | $19.2M | 3.9% |
| Industrials | $17.6M | 3.6% |
| Autos & Aerospace | $15.2M | 3.1% |
| Energy | $13.2M | 2.7% |
| Mining & Metals | $10.1M | 2.1% |
| Capital Markets | $9.3M | 1.9% |
| Biotech & Pharma | $8.5M | 1.7% |
| Construction & Building | $8.2M | 1.7% |
| Other sectors | $54.7M | 11.2% |
| Not classified | $122.8M | 25.2% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | -1.9% | +2.1% | -4.0% | 99% |
| Q2 2026 | +17.0% | +14.8% | +2.2% | 100% |
| Q1 2026 | +0.6% | -4.6% | +5.2% | 100% |
| Q4 2025 | +1.3% | +2.4% | -1.1% | 100% |
| Q3 2025 | +12.0% | +7.8% | +4.1% | 100% |
| Q2 2025 | +15.5% | +10.5% | +5.1% | 100% |
| Q1 2025 | -5.1% | -4.6% | -0.5% | 100% |
| Q4 2024 | +3.0% | +2.1% | +0.8% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $487.3M | 190 | 11 | 77 | 59 | 9 | 30.7% | 20 |
| Q2 2026 | $490.3M | 188 | 22 | 77 | 64 | 7 | 30.7% | 20 |
| Q1 2026 | $398.5M | 173 | 11 | 92 | 59 | 11 | 29.7% | 16 |
| Q4 2025 | $374.1M | 173 | 23 | 71 | 58 | 17 | 33.0% | 35 |
| Q3 2025 | $348.2M | 167 | 10 | 64 | 74 | 14 | 34.8% | 35 |
| Q2 2025 | $310.1M | 171 | 13 | 73 | 72 | 27 | 32.7% | 43 |
| Q1 2025 | $257.0M | 185 | 20 | 70 | 77 | 11 | 27.7% | 31 |
| Q4 2024 | $258.1M | 176 | 6 | 104 | 27 | 4 | 30.9% | 6 |
| Q3 2024 | $245.9M | 174 | 28 | 65 | 62 | 21 | 29.5% | 49 |
| Q2 2024 | $232.6M | 167 | 9 | 54 | 82 | 8 | 29.3% | 33 |
| Q1 2024 | $227.8M | 166 | 11 | 104 | 32 | 6 | 27.7% | 31 |
| Q4 2023 | $201.0M | 161 | 10 | 75 | 57 | 8 | 28.9% | 44 |
| Q3 2023 | $170.5M | 159 | 12 | 65 | 71 | 9 | 28.4% | 10 |
| Q2 2023 | $168.7M | 156 | 27 | 71 | 48 | 18 | 27.3% | 18 |
| Q1 2023 | $153.5M | 147 | 11 | 55 | 65 | 19 | 26.6% | 21 |
| Q4 2022 | $170.6M | 155 | 5 | 44 | 76 | 4 | 26.9% | 17 |
| Q3 2022 | $144.5M | 154 | 22 | 63 | 53 | 29 | 26.9% | 32 |
| Q2 2022 | $153.0M | 161 | 43 | 27 | 83 | 46 | 26.0% | 25 |
| Q1 2022 | $228.5M | 164 | 15 | 70 | 72 | 20 | 19.3% | 27 |
| Q4 2021 | $219.3M | 169 | 12 | 68 | 59 | 13 | 20.6% | 20 |
| Q3 2021 | $197.3M | 170 | 8 | 84 | 51 | 2 | 20.6% | 15 |
| Q2 2021 | $197.3M | 164 | 17 | 104 | 34 | 14 | 20.7% | 14 |
| Q1 2021 | $172.7M | 161 | 5 | 50 | 80 | 305 | 22.2% | 20 |
| Q4 2020 | $166.9M | 461 | 326 | 29 | 86 | 4 | 21.5% | 29 |
| Q3 2020 | $138.2M | 139 | 35 | 38 | 55 | 23 | 25.4% | 15 |
| Q2 2020 | $129.5M | 127 | 28 | 38 | 54 | 30 | 28.5% | 14 |
| Q1 2020 | $109.7M | 129 | 27 | 56 | 39 | 22 | 28.6% | 23 |
| Q4 2019 | $134.8M | 124 | 13 | 42 | 48 | 11 | 27.0% | 42 |
| Q3 2019 | $117.3M | 122 | 22 | 60 | 27 | 47 | 22.5% | 43 |
| Q2 2019 | $99.5M | 147 | 31 | 25 | 73 | 22 | 23.5% | 40 |
| Q1 2019 | $96.3M | 138 | 20 | 55 | 31 | 9 | 24.3% | 43 |
| Q4 2018 | $83.0M | 127 | 0 | 0 | 0 | 0 | 23.4% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.