13F holdings
Modern Wealth Management, LLC portfolio
Managed by . 870 reported positions worth $5.8B as of 2026-03-31, filed with the SEC on 2026-05-14. Parsed from the filing itself, not a reseller.
$5.8B
Book value
870
Positions
21%
Top 10 weight
+113
New this quarter
-84
Exited
134 days
Age today
How old this actually is
Every position on this page is a snapshot of 2026-03-31. It was already 44 days old on 2026-05-14, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
What changed
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
New positions (113)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| JFLX | J P MORGAN EXCHANGE TRADED F | $9.0M | 181,624 | 0.15% |
| EELV | INVESCO EXCH TRADED FD TR II | $8.3M | 293,696 | 0.14% |
| VCSH | VANGUARD SCOTTSDALE FDS | $7.9M | 100,350 | 0.14% |
| AIQ | GLOBAL X FDS | $6.4M | 134,730 | 0.11% |
| JMUB | J P MORGAN EXCHANGE TRADED F | $6.0M | 119,575 | 0.10% |
| BLCR | BLACKROCK ETF TRUST | $5.6M | 135,317 | 0.10% |
| IDEF | BLACKROCK ETF TRUST | $5.6M | 164,777 | 0.10% |
| BYLD | ISHARES TR | $2.6M | 116,175 | 0.05% |
| JPME | J P MORGAN EXCHANGE TRADED F | $2.5M | 21,930 | 0.04% |
| VTIP | VANGUARD MALVERN FDS | $2.0M | 40,355 | 0.03% |
| RWL | INVESCO EXCH TRADED FD TR II | $1.9M | 16,410 | 0.03% |
| XLG | INVESCO EXCHANGE TRADED FD T | $1.5M | 26,851 | 0.03% |
| FRDM | EA SERIES TRUST | $1.3M | 23,311 | 0.02% |
| GDE | WISDOMTREE TR | $1.3M | 20,000 | 0.02% |
| IWD | ISHARES TR | $1.2M | 5,760 | 0.02% |
| DFSI | DIMENSIONAL ETF TRUST | $1.2M | 28,400 | 0.02% |
| USSG | DBX ETF TR | $1.1M | 18,787 | 0.02% |
| JPSE | J P MORGAN EXCHANGE TRADED F | $1.1M | 20,764 | 0.02% |
| TAFI | AB ACTIVE ETFS INC | $1.1M | 43,470 | 0.02% |
| PAVE | GLOBAL X FDS | $1.0M | 20,268 | 0.02% |
| MYN | BLACKROCK MUNIYIELD N Y QUAL | $919,677 | 94,910 | 0.02% |
| DDFO | INNOVATOR ETFS TRUST | $875,999 | 40,732 | 0.02% |
| FE | FIRSTENERGY CORP | $867,111 | 17,016 | 0.01% |
| LMUB | ISHARES TR | $834,813 | 16,643 | 0.01% |
| AON | AON PLC | $819,534 | 2,550 | 0.01% |
Closed out (84)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| TQQQ | PROSHARES TR | $8.0M | 151,034 | 0.00% |
| SPXL | DIREXION SHS ETF TR | $3.8M | 17,158 | 0.00% |
| BDYN | BLACKROCK ETF TRUST | $2.8M | 110,670 | 0.00% |
| FAS | DIREXION SHS ETF TR | $2.4M | 14,112 | 0.00% |
| EMB | ISHARES TR | $1.7M | 17,302 | 0.00% |
| IEUR | ISHARES TR | $1.1M | 15,166 | 0.00% |
| BDVL | BLACKROCK ETF TRUST | $1.1M | 42,914 | 0.00% |
| XBNYX | BLACKROCK N Y MUN INCOME TRU | $807,456 | 79,631 | 0.00% |
| XLI | SELECT SECTOR SPDR TR | $597,522 | 3,852 | 0.00% |
| EMLC | VANECK ETF TRUST | $565,092 | 21,886 | 0.00% |
| SPEM | SPDR INDEX SHS FDS | $510,286 | 10,901 | 0.00% |
| IEI | ISHARES TR | $496,860 | 4,163 | 0.00% |
| DDM | PROSHARES TR | $472,835 | 8,316 | 0.00% |
| AZNN | ASTRAZENECA PLC | $433,909 | 4,720 | 0.00% |
| DBA | INVESCO DB MULTI-SECTOR COMM | $381,780 | 14,960 | 0.00% |
| HRL | HORMEL FOODS CORP | $374,565 | 15,804 | 0.00% |
| BIV | VANGUARD BD INDEX FDS | $370,199 | 4,753 | 0.00% |
| APIE | TRUST FOR PROFESSIONAL MANAG | $341,713 | 9,623 | 0.00% |
| AAAU | GOLDMAN SACHS PHYSICAL GOLD | $336,145 | 7,900 | 0.00% |
| DIVB | ISHARES TR | $325,744 | 6,129 | 0.00% |
| IHI | ISHARES TR | $325,384 | 5,235 | 0.00% |
| TNA | DIREXION SHS ETF TR | $318,142 | 6,986 | 0.00% |
| ROL | ROLLINS INC | $312,437 | 5,206 | 0.00% |
| AAL | AMERICAN AIRLS GROUP INC | $311,598 | 20,326 | 0.00% |
| COIN | COINBASE GLOBAL INC | $294,208 | 1,301 | 0.00% |
Added to (341)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| FBND | FIDELITY MERRIMACK STR TR | $228.8M | 5,015,653 | 3.93% | +38% |
| JAAA | JANUS DETROIT STR TR | $138.8M | 2,755,685 | 2.38% | +5% |
| AAPL | APPLE INC | $132.2M | 517,048 | 2.27% | +4% |
| PVAL | PUTNAM ETF TRUST | $107.3M | 2,304,807 | 1.84% | +16% |
| IVV | ISHARES TR | $103.8M | 157,664 | 1.78% | +4% |
| JCPB | J P MORGAN EXCHANGE TRADED F | $102.5M | 2,186,266 | 1.76% | +19% |
| SPYM | SPDR SERIES TRUST | $94.3M | 1,222,286 | 1.62% | +29% |
| VFLO | VICTORY PORTFOLIOS II | $93.7M | 2,362,996 | 1.61% | +18% |
| AVEM | AMERICAN CENTY ETF TR | $90.3M | 1,111,049 | 1.55% | +26% |
| JMBS | JANUS DETROIT STR TR | $90.3M | 1,996,621 | 1.55% | +15% |
| MSFT | MICROSOFT CORP | $83.7M | 226,519 | 1.44% | +9% |
| LRGF | ISHARES TR | $69.8M | 1,051,355 | 1.20% | +23% |
| AVDE | AMERICAN CENTY ETF TR | $69.7M | 809,026 | 1.20% | +29% |
| IQLT | ISHARES TR | $65.5M | 1,396,649 | 1.12% | +36% |
| IVE | ISHARES TR | $60.6M | 286,370 | 1.04% | +12% |
Trimmed (295)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| OEF | ISHARES TR | $303,643 | 948 | 0.01% | -97% |
| EEM | ISHARES TR | $1.3M | 23,165 | 0.02% | -97% |
| CALF | PACER FDS TR | $1.2M | 27,771 | 0.02% | -90% |
| EFA | ISHARES TR | $4.0M | 40,135 | 0.07% | -90% |
| TECL | DIREXION SHARES ETF TRUST | $384,306 | 4,254 | 0.01% | -85% |
| SCHG | SCHWAB STRATEGIC TR | $435,080 | 14,794 | 0.01% | -84% |
| XLRE | SELECT SECTOR SPDR TR | $1.1M | 27,658 | 0.02% | -81% |
| KNG | FIRST TR EXCHANGE-TRADED FD | $416,185 | 8,546 | 0.01% | -81% |
| ITA | ISHARES TR | $606,170 | 2,710 | 0.01% | -79% |
| SSO | PROSHARES TR | $270,095 | 5,130 | 0.00% | -78% |
| NOW | SERVICENOW INC | $381,202 | 3,664 | 0.01% | -77% |
| BAB | INVESCO EXCH TRADED FD TR II | $374,457 | 13,910 | 0.01% | -64% |
| CIEN | CIENA CORP | $263,773 | 635 | 0.00% | -63% |
| WIT | WIPRO LTD | $171,135 | 81,107 | 0.00% | -63% |
| VGSR | MANAGER DIRECTED PORTFOLIOS | $152,048 | 14,606 | 0.00% | -59% |
The book
Largest 150 of 870 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| FBND | FIDELITY MERRIMACK STR TR | $228.8M | 5,015,653 | 3.93% | — |
| JAAA | JANUS DETROIT STR TR | $138.8M | 2,755,685 | 2.38% | — |
| AAPL | APPLE INC | $132.2M | 517,048 | 2.27% | — |
| SPTM | SPDR SERIES TRUST | $110.4M | 1,385,835 | 1.90% | — |
| PVAL | PUTNAM ETF TRUST | $107.3M | 2,304,807 | 1.84% | — |
| IVV | ISHARES TR | $103.8M | 157,664 | 1.78% | — |
| JCPB | J P MORGAN EXCHANGE TRADED F | $102.5M | 2,186,266 | 1.76% | — |
| VTI | VANGUARD INDEX FDS | $96.2M | 297,760 | 1.65% | — |
| SPYM | SPDR SERIES TRUST | $94.3M | 1,222,286 | 1.62% | — |
| VFLO | VICTORY PORTFOLIOS II | $93.7M | 2,362,996 | 1.61% | — |
| AVEM | AMERICAN CENTY ETF TR | $90.3M | 1,111,049 | 1.55% | — |
| JMBS | JANUS DETROIT STR TR | $90.3M | 1,996,621 | 1.55% | — |
| QUAL | ISHARES TR | $87.5M | 454,044 | 1.50% | — |
| MSFT | MICROSOFT CORP | $83.7M | 226,519 | 1.44% | — |
| QQQ | INVESCO QQQ TR | $74.0M | 126,602 | 1.27% | — |
| LRGF | ISHARES TR | $69.8M | 1,051,355 | 1.20% | — |
| AVDE | AMERICAN CENTY ETF TR | $69.7M | 809,026 | 1.20% | — |
| IVW | ISHARES TR | $67.9M | 592,856 | 1.17% | — |
| IQLT | ISHARES TR | $65.5M | 1,396,649 | 1.12% | — |
| IVE | ISHARES TR | $60.6M | 286,370 | 1.04% | — |
| SPTS | SPDR SERIES TRUST | $60.1M | 2,065,619 | 1.03% | — |
| SMLF | ISHARES TR | $55.8M | 733,974 | 0.96% | — |
| SCHF | SCHWAB STRATEGIC TR | $55.0M | 2,188,851 | 0.95% | — |
| SCHX | SCHWAB STRATEGIC TR | $54.0M | 2,088,892 | 0.93% | — |
| IWM | ISHARES TR | $51.3M | 205,625 | 0.88% | — |
| IJK | ISHARES TR | $50.0M | 491,460 | 0.86% | — |
| IJS | ISHARES TR | $48.9M | 411,838 | 0.84% | — |
| JPM | JPMORGAN CHASE & CO | $48.4M | 163,931 | 0.83% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $47.6M | 99,473 | 0.82% | — |
| TCAF | T ROWE PRICE ETF INC | $45.7M | 1,278,990 | 0.79% | — |
| DFIS | DIMENSIONAL ETF TRUST | $43.1M | 1,262,736 | 0.74% | — |
| SPY | STATE STR SPDR S&P 500 ETF T | $43.1M | 65,799 | 0.74% | — |
| GOOGL | ALPHABET INC | $40.2M | 135,293 | 0.69% | — |
| NVDA | NVIDIA CORPORATION | $39.5M | 225,035 | 0.68% | — |
| HEWJ | ISHARES TR | $39.3M | 679,965 | 0.68% | — |
| SCHB | SCHWAB STRATEGIC TR | $38.7M | 1,529,638 | 0.66% | — |
| SHY | ISHARES TR | $38.7M | 469,791 | 0.66% | — |
| QLTY | GMO ETF TRUST | $38.1M | 1,040,532 | 0.65% | — |
| AMZN | AMAZON COM INC | $37.2M | 176,427 | 0.64% | — |
| IOO | ISHARES TR | $36.7M | 300,479 | 0.63% | — |
| STIP | ISHARES TR | $36.3M | 351,679 | 0.62% | — |
| JIRE | J P MORGAN EXCHANGE TRADED F | $36.1M | 468,588 | 0.62% | — |
| XLE | SELECT SECTOR SPDR TR | $35.0M | 593,030 | 0.60% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $33.8M | 99,042 | 0.58% | — |
| VTV | VANGUARD INDEX FDS | $32.8M | 166,650 | 0.56% | — |
| COWZ | PACER FDS TR | $30.6M | 490,944 | 0.53% | — |
| GPIX | GOLDMAN SACHS ETF TR | $29.1M | 582,931 | 0.50% | — |
| SHV | ISHARES TR | $29.1M | 264,260 | 0.50% | — |
| HONGBP | HONEYWELL INTL INC | $28.8M | 126,268 | 0.49% | — |
| DGRW | WISDOMTREE TR | $28.4M | 322,088 | 0.49% | — |
| SCHZ | SCHWAB STRATEGIC TR | $28.3M | 1,219,890 | 0.49% | — |
| VEA | VANGUARD TAX-MANAGED FDS | $27.7M | 425,409 | 0.48% | — |
| GOOG | ALPHABET INC | $27.5M | 93,274 | 0.47% | — |
| LQD | ISHARES TR | $27.0M | 248,404 | 0.46% | — |
| INTF | ISHARES TR | $26.7M | 673,114 | 0.46% | — |
| VOO | VANGUARD INDEX FDS | $26.7M | 44,265 | 0.46% | — |
| QQQM | INVESCO EXCH TRADED FD TR II | $26.5M | 110,105 | 0.45% | — |
| IUSB | ISHARES TR | $25.4M | 550,514 | 0.44% | — |
| IAU | ISHARES GOLD TR | $25.2M | 280,748 | 0.43% | — |
| OUNZ | VANECK MERK GOLD ETF | $24.9M | 543,585 | 0.43% | — |
| SPYV | SPDR SERIES TRUST | $24.9M | 439,225 | 0.43% | — |
| VV | VANGUARD INDEX FDS | $24.7M | 81,967 | 0.42% | — |
| NEE | NEXTERA ENERGY INC | $24.6M | 264,504 | 0.42% | — |
| HFSI | HARTFORD FDS EXCHANGE TRADED | $24.6M | 706,004 | 0.42% | — |
| IEMG | ISHARES INC | $23.7M | 336,517 | 0.41% | — |
| GOVT | ISHARES TR | $23.6M | 1,031,632 | 0.40% | — |
| TLH | ISHARES TR | $23.0M | 229,825 | 0.40% | — |
| EMLP | FIRST TR EXCHANGE-TRADED FD | $22.7M | 520,866 | 0.39% | — |
| VGIT | VANGUARD SCOTTSDALE FDS | $22.1M | 372,918 | 0.38% | — |
| IAGG | ISHARES TR | $22.0M | 440,997 | 0.38% | — |
| SCHD | SCHWAB STRATEGIC TR | $21.9M | 717,173 | 0.38% | — |
| PPA | INVESCO EXCHANGE TRADED FD T | $21.3M | 125,622 | 0.37% | — |
| BKGI | BNY MELLON ETF TRUST | $20.9M | 471,068 | 0.36% | — |
| SNSR | GLOBAL X FDS | $20.8M | 553,128 | 0.36% | — |
| SPYG | SPDR SERIES TRUST | $20.4M | 205,461 | 0.35% | — |
| IDEV | ISHARES TR | $20.1M | 236,624 | 0.34% | — |
| EXMOC | EXXON MOBIL CORP | $19.8M | 123,121 | 0.34% | — |
| CGDV | CAPITAL GROUP DIVIDEND VALUE | $19.5M | 455,945 | 0.34% | — |
| ITOT | ISHARES TR | $19.0M | 132,584 | 0.33% | — |
| SPSB | SPDR SERIES TRUST | $18.9M | 631,578 | 0.33% | — |
| PID | INVESCO EXCHANGE TRADED FD T | $18.7M | 838,862 | 0.32% | — |
| AVUV | AMERICAN CENTY ETF TR | $18.6M | 168,454 | 0.32% | — |
| DYNF | BLACKROCK ETF TRUST | $18.6M | 316,925 | 0.32% | — |
| IEF | ISHARES TR | $18.3M | 192,319 | 0.31% | — |
| EIPI | FIRST TR EXCHNG TRADED FD VI | $17.9M | 804,177 | 0.31% | — |
| MBB | ISHARES TR | $17.5M | 185,341 | 0.30% | — |
| VONE | VANGUARD SCOTTSDALE FDS | $17.4M | 58,401 | 0.30% | — |
| CIBR | FIRST TR EXCHANGE-TRADED FD | $17.0M | 268,661 | 0.29% | — |
| XSMO | INVESCO EXCHANGE TRADED FD T | $16.7M | 217,165 | 0.29% | — |
| SPMO | INVESCO EXCH TRADED FD TR II | $16.7M | 145,804 | 0.29% | — |
| XLU | SELECT SECTOR SPDR TR | $16.6M | 360,481 | 0.29% | — |
| SCHA | SCHWAB STRATEGIC TR | $16.5M | 562,920 | 0.28% | — |
| BTI | BRITISH AMERN TOB PLC | $16.4M | 283,876 | 0.28% | — |
| XMMO | INVESCO EXCHANGE TRADED FD T | $16.4M | 111,128 | 0.28% | — |
| CVX | CHEVRON CORPORATION | $15.9M | 80,362 | 0.27% | — |
| XLK | SELECT SECTOR SPDR TR | $15.4M | 114,325 | 0.26% | — |
| IJR | ISHARES TR | $15.2M | 121,531 | 0.26% | — |
| USFR | WISDOMTREE TR | $15.2M | 301,496 | 0.26% | — |
| JQUA | J P MORGAN EXCHANGE TRADED F | $14.6M | 237,872 | 0.25% | — |
| USMV | ISHARES TR | $14.5M | 156,959 | 0.25% | — |
| AXP | AMERICAN EXPRESS CO | $14.3M | 47,475 | 0.25% | — |
| USIG | ISHARES TR | $14.2M | 278,900 | 0.24% | — |
| CORP | PIMCO ETF TR | $14.0M | 145,358 | 0.24% | — |
| IDMO | INVESCO EXCH TRADED FD TR II | $14.0M | 248,014 | 0.24% | — |
| LLY | ELI LILLY & CO | $14.0M | 14,617 | 0.24% | — |
| EFV | ISHARES TR | $13.9M | 185,208 | 0.24% | — |
| JMTG | J P MORGAN EXCHANGE TRADED F | $13.9M | 273,763 | 0.24% | — |
| HEFA | ISHARES TR | $13.8M | 320,077 | 0.24% | — |
| AGG | ISHARES TR | $13.5M | 136,864 | 0.23% | — |
| QJUN | FIRST TR EXCHNG TRADED FD VI | $13.2M | 420,036 | 0.23% | — |
| FVD | FIRST TR EXCHANGE-TRADED FD | $13.2M | 279,941 | 0.23% | — |
| IGIB | ISHARES TR | $13.2M | 247,990 | 0.23% | — |
| EEMV | ISHARES INC | $12.8M | 197,758 | 0.22% | — |
| BOTZ | GLOBAL X FDS | $12.8M | 377,783 | 0.22% | — |
| VMBS | VANGUARD SCOTTSDALE FDS | $12.7M | 270,402 | 0.22% | — |
| DFAS | DIMENSIONAL ETF TRUST | $12.5M | 175,343 | 0.22% | — |
| KMI | KINDER MORGAN INC DEL | $12.5M | 379,413 | 0.21% | — |
| COST | COSTCO WHOLESALE CORPORATION | $12.4M | 12,424 | 0.21% | — |
| BIL | SPDR SERIES TRUST | $12.2M | 133,195 | 0.21% | — |
| JNJ | JOHNSON & JOHNSON | $12.2M | 49,772 | 0.21% | — |
| ISCF | ISHARES TR | $12.0M | 282,349 | 0.21% | — |
| ABBV | ABBVIE INC | $12.0M | 55,617 | 0.21% | — |
| SPGP | INVESCO EXCHANGE TRADED FD T | $11.9M | 110,492 | 0.20% | — |
| TSLA | TESLA INC | $11.8M | 31,057 | 0.20% | — |
| RMT | ROYCE MICRO-CAP TR INC | $11.8M | 1,026,680 | 0.20% | — |
| META | META PLATFORMS INC | $11.6M | 20,077 | 0.20% | — |
| ICOW | PACER FDS TR | $11.0M | 256,817 | 0.19% | — |
| BINC | BLACKROCK ETF TRUST II | $10.8M | 207,454 | 0.18% | — |
| SCHY | SCHWAB STRATEGIC TR | $10.6M | 335,129 | 0.18% | — |
| GLDM | WORLD GOLD TR | $10.6M | 112,332 | 0.18% | — |
| ICLO | INVESCO ACTIVELY MANAGED EXC | $10.5M | 411,985 | 0.18% | — |
| WMT | WALMART INC | $10.4M | 83,316 | 0.18% | — |
| GRID | FIRST TR EXCHANGE-TRADED FD | $10.1M | 60,466 | 0.17% | — |
| IEFA | ISHARES TR | $10.0M | 108,405 | 0.17% | — |
| VIG | VANGUARD SPECIALIZED FUNDS | $9.9M | 46,029 | 0.17% | — |
| BEN | FRANKLIN RESOURCES INC | $9.7M | 411,059 | 0.17% | — |
| BPRE | BLUEROCK PVT REAL ESTATE FD | $9.4M | 565,792 | 0.16% | — |
| REGL | PROSHARES TR | $9.3M | 107,502 | 0.16% | — |
| BA | BOEING CO | $9.3M | 44,857 | 0.16% | — |
| RTX | RTX CORPORATION | $9.3M | 47,692 | 0.16% | — |
| PG | PROCTER & GAMBLE CO | $9.3M | 64,412 | 0.16% | — |
| JFLX | J P MORGAN EXCHANGE TRADED F | $9.0M | 181,624 | 0.15% | — |
| EFG | ISHARES TR | $8.9M | 78,617 | 0.15% | — |
| XMHQ | INVESCO EXCHANGE TRADED FD T | $8.7M | 83,340 | 0.15% | — |
| BSJT | INVESCO EXCH TRD SLF IDX FD | $8.6M | 408,896 | 0.15% | — |
| IXUS | ISHARES TR | $8.6M | 98,085 | 0.15% | — |
| CSCO | CISCO SYS INC | $8.6M | 110,242 | 0.15% | — |
| VXUS | VANGUARD STAR FDS | $8.5M | 109,103 | 0.15% | — |
| BSCV | INVESCO EXCH TRD SLF IDX FD | $8.5M | 516,916 | 0.15% | — |
| DIA | STATE STR SPDR DOW JONES IND | $8.5M | 18,225 | 0.15% | — |
This table is the 150 largest positions by value, out of 870 reported. The search box only searches what is on this page — a name absent from it may still be in the filing further down the book. The full info table is here.
This manager also disclosed 7 options positions with a combined notional of $18.7M. Notional is not ownership, so it is excluded from the book value above rather than folded in to make the fund look bigger.
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
Read the original
This page was built from one document: the 2026-03-31 Form 13F info table filed by Modern Wealth Management, LLC (CIK 2001900, accession 0002001900-26-000006). Every other 13F site is reading the same file.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
What a 13F cannot show you
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
Tested and published by IndicatorEdge · backtest grid generated 2026-06-25 · base rates recomputed 2026-07-31 · how we test
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