Mader & Shannon Wealth Management, Inc. 13F Holdings Breakdown

CIK: 0001535862

ContrarianQuality / disciplined sizing

Total reported value

$216.1M

Reporting period: 2026-03-31 · Number of holdings: 20

Mader & Shannon Wealth Management, Inc. disclosed 20 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $216.1M and a quarterly turnover rate of 50.0%.

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Personality snowflake

Concentration: 35.7
Portfolio Stability: 50.04
Momentum/Contrarian: 0
Sector conviction: 63.01
Diversification: 40
Sizing Uniformity: 90.91

Mader & Shannon Wealth Management, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.089 — mathematically equivalent to about 11 equally-sized positions, well below its 20 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.91), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Sector classification currently covers about 25% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Add SGOV
+1840.9%　$32.0M
Trim SHY
-25.1%　-$7.1M
Add SHV
+171.4%　$5.4M
Trim VRP
-15.7%　-$3.8M
Trim GDX
-40.7%　-$3.4M
Add KNX
+18.0%　$4.1M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SGOV	Ishares 0-3 Month Treasury B	ETF-Gov Bonds	15.62%	+14.77%	+1840.92%
2	IAU	Ishares Gold Trust	ETF-Commodities	13.58%	-0.88%	-17.87%
3	GLD	Spdr Gold Shares	ETF-Commodities	13.58%	-0.87%	-17.82%
4	SHY	Ishares 1-3 Year Treasury Bo	ETF-Gov Bonds	9.61%	-4.04%	-25.08%
5	VRP	Invesco Variable Rate Prefer	ETF-Other	8.02%	-2.35%	-15.67%
6	KNX	Knight-swift Transportation	Stock-Industrials	4.50%	+1.73%	+18.04%
7	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	4.14%	+0.65%	+23.87%
8	SHV	Ishares 0-1 Year Treasury Bo	ETF-Gov Bonds	3.95%	+2.41%	+171.39%
9	GDX	Vaneck Gold Miners ETF	ETF-Commodities	3.85%	-1.87%	-40.68%
10	MLM	Martin Marietta Materials	Stock-Materials	3.65%	+0.07%	+15.52%
11	IEO	Ishares U.s. Oil & Gas Explo	ETF-Other	2.70%	+2.70%	NEW
12	VLO	Valero Energy CORP	Stock-Energy	2.28%	+0.76%	+9.61%
13	DINO	Hf Sinclair CORP	Stock-Energy	2.13%	+0.38%	+8.02%
14	XLB	Ss Materials Select Sector	ETF-Other	2.10%	+1.10%	+299.96%
15	FSLR	First Solar INC	Stock-Tech	2.09%	-0.14%	+10.85%
16	PSX	Phillips 66	Stock-Energy	2.06%	+0.68%	+18.24%
17	MPC	Marathon Petroleum CORP	Stock-Energy	2.04%	+0.46%	+7.91%
18	DHI	Dr Horton INC	Stock-Consumer Disc	1.99%	+0.03%	+33.15%
19	ITB	Ishares U.s. Home Constructi	ETF-Other	1.98%	+0.06%	+28.94%
20	WMT	Walmart INC	Stock-Consumer Staples	0.14%	+0.02%	+1.48%

Portfolio Performance

Performance for Q3 2026

-0.9%

Performance Last 4 Quarters

+22.6%

Based on 73% of reported portfolio value with available pricing

Stdev: +10.1%
Beta: +0.38
Alpha: +8.1%
Max Drawdown: -4.9%
Annualized Perf: +15.5%
Batting Avg vs S&P: +52.8%
Sortino: +2.78
Stutzer: +0.42
Treynor: +0.4
Sterling: +1.06
Calmar: +3.16
Information Ratio: -0.29
Tracking Error: +12%
Stdev Down: +5.4%
Winning Months %: +69.4%
Losing Months %: +30.6%
Best 12 Months: +34.4%
Worst 12 Months: +10.1%
Efficiency Ratio: +0.58
Sharpe: +1.48
Stdev Sectors: +9.8%
Skewness: -0.41
Kurtosis: -0.49
Upside Potential: +4.28

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	20	$216.1M	50	1SGOV 2IAU 3GLD Top holdings2026-03-31 1.SGOV 2.IAU 3.GLD 4.SHY 5.VRP 6.KNX 7.TMO 8.SHV 9.GDX 10.MLM
2025-12-31	23	$204.0M	0	1IAU 2GLD 3SHY Top holdings2025-12-31 1.IAU 2.GLD 3.SHY 4.VRP 5.PGX 6.GDX 7.MLM 8.TMO 9.CDW 10.KNX
2025-09-30	23	$204.0M	65	1IAU 2GLD 3SHY Top holdings2025-09-30 1.IAU 2.GLD 3.SHY 4.VRP 5.PGX 6.GDX 7.MLM 8.TMO 9.CDW 10.KNX
2025-06-30	22	$183.6M	0	1SHY 2GLD 3IAU Top holdings2025-06-30 1.SHY 2.GLD 3.IAU 4.SGOV 5.SHV 6.CDW 7.GDX 8.KNX 9.MLM 10.TMO
2025-03-31	21	$175.3M	100	1GLD 2IAU 3SGOV Top holdings2025-03-31 1.GLD 2.IAU 3.SGOV 4.SHYG 5.GDX 6.SHV 7.UNH 8.TMO 9.CDW 10.KNX
2024-12-31	21	$161.7M	0	1GLD 2IAU 3SGOV Top holdings2024-12-31 1.GLD 2.IAU 3.SGOV 4.SHV 5.SHYG 6.GDX 7.TMO 8.UNH 9.KNX 10.MLM
2024-09-30	15	$172.0M	0	1GLD 2IAU 3SGOV Top holdings2024-09-30 1.GLD 2.IAU 3.SGOV 4.SHV 5.IGLB 6.VCLT 7.GDX 8.TMO 9.UNH 10.CDW
2024-06-30	12	$166.4M	0	1SGOV 2SHV 3GLD Top holdings2024-06-30 1.SGOV 2.SHV 3.GLD 4.IAU 5.VCLT 6.GDX 7.TMO 8.CDW 9.UNH 10.KNX
2024-03-31	11	$178.3M	0	1SGOV 2SHV 3GLD Top holdings2024-03-31 1.SGOV 2.SHV 3.GLD 4.IAU 5.CDW 6.TMO 7.KNX 8.UNH 9.GDX 10.MLM
2023-12-31	11	$175.8M	0	1SGOV 2SHV 3IAU Top holdings2023-12-31 1.SGOV 2.SHV 3.IAU 4.GLD 5.CDW 6.KNX 7.GDX 8.UNH 9.TMO 10.DHI
2023-09-30	12	$152.1M	0	1SHV 2SGOV 3GLD Top holdings2023-09-30 1.SHV 2.SGOV 3.GLD 4.IAU 5.CDW 6.UNH 7.KNX 8.TMO 9.GDX 10.DHI
2023-06-30	17	$161.9M	0	1IAU 2GLD 3SHYG Top holdings2023-06-30 1.IAU 2.GLD 3.SHYG 4.SJNK 5.SPY 6.ACWX 7.RSP 8.CDW 9.KNX 10.GDX
2023-03-31	16	$151.6M	0	1IAU 2GLD 3SHYG Top holdings2023-03-31 1.IAU 2.GLD 3.SHYG 4.ACWX 5.SPY 6.SJNK 7.RSP 8.CDW 9.KNX 10.TMO
2022-12-31	16	$151.1M	0	1IAU 2GLD 3SHYG Top holdings2022-12-31 1.IAU 2.GLD 3.SHYG 4.ACWX 5.RSP 6.SPY 7.CDW 8.KNX 9.TMO 10.UNH
2022-09-30	12	$91.8M	0	1IAU 2GLD 3SCHP Top holdings2022-09-30 1.IAU 2.GLD 3.SCHP 4.UNH 5.KNX 6.TMO 7.CDW 8.DG 9.MLM 10.DHI
2022-06-30	21	$167.4M	0	1IAU 2GLD 3PFF Top holdings2022-06-30 1.IAU 2.GLD 3.PFF 4.TIP 5.UNH 6.50540R 7.CDW 8.SHY 9.AMT 10.COR
2022-03-31	23	$184.2M	0	1IAU 2GLD 3VGIT Top holdings2022-03-31 1.IAU 2.GLD 3.VGIT 4.UNH 5.50540R 6.CDW 7.TMO 8.SHY 9.CCI 10.COR
2021-12-31	21	$180.7M	0	1IAU 2GLD 3VGIT Top holdings2021-12-31 1.IAU 2.GLD 3.VGIT 4.50540R 5.CDW 6.TMO 7.UNH 8.KNX 9.AMT 10.CCI
2021-09-30	21	$156.5M	0	1IAU 2GLD 3VGIT Top holdings2021-09-30 1.IAU 2.GLD 3.VGIT 4.50540R 5.CDW 6.TMO 7.SHY 8.AMT 9.KNX 10.UNH
2021-06-30	26	$194.1M	100	1IAU 2GLD 3VGIT Top holdings2021-06-30 1.IAU 2.GLD 3.VGIT 4.IGV 5.50540R 6.CDW 7.SHY 8.CCI 9.AMT 10.UNH
2021-03-31	25	$170.9M	28	1IAUUSD 2GLD 3VGIT Top holdings2021-03-31 1.IAUUSD 2.GLD 3.VGIT 4.SHY 5.50540R 6.CDW 7.SHV 8.KNX 9.CCI 10.AMT
2020-12-31	25	$150.9M	38	1IAUUSD 2GLD 3VGIT Top holdings2020-12-31 1.IAUUSD 2.GLD 3.VGIT 4.SHY 5.WMT 6.CDW 7.DG 8.50540R 9.KNX 10.SBUX
2020-09-30	20	$127.9M	6	1IAUUSD 2GLD 3VGIT Top holdings2020-09-30 1.IAUUSD 2.GLD 3.VGIT 4.SHY 5.TLT 6.SHV 7.WMT 8.KNX 9.TMO 10.COR
2020-06-30	20	$122.8M	51	1IAUUSD 2GLD 3VGIT Top holdings2020-06-30 1.IAUUSD 2.GLD 3.VGIT 4.SHY 5.TLT 6.SHV 7.WMT 8.KNX 9.COR 10.LMT
2020-03-31	17	$113.0M	34	1IAUUSD 2GLD 3IEF Top holdings2020-03-31 1.IAUUSD 2.GLD 3.IEF 4.VGIT 5.SHY 6.SHV 7.WMT 8.KNX 9.CMCSA 10.TMO
2019-12-31	19	$124.2M	20	1GLD 2IAUUSD 3IEF Top holdings2019-12-31 1.GLD 2.IAUUSD 3.IEF 4.VGIT 5.IVV 6.SHY 7.WMT 8.KNX 9.CMCSA 10.O
2019-09-30	20	$126.3M	42	1GLD 2IAUUSD 3IEF Top holdings2019-09-30 1.GLD 2.IAUUSD 3.IEF 4.VGIT 5.IVV 6.VTI 7.SHY 8.WMT 9.KNX 10.O
2019-06-30	16	$117.6M	72	1SHY 2GLD 3IEF Top holdings2019-06-30 1.SHY 2.GLD 3.IEF 4.IAUUSD 5.VGIT 6.WMT 7.KNX 8.CMCSA 9.O 10.TMO
2019-03-31	12	$111.5M	20	1VOO 2IEF 3GLD Top holdings2019-03-31 1.VOO 2.IEF 3.GLD 4.VGIT 5.IAUUSD 6.WMT 7.UNH 8.JPM 9.KNX 10.SPY
2018-12-31	15	$122.8M	100	1VOO 2VGIT 3IEF Top holdings2018-12-31 1.VOO 2.VGIT 3.IEF 4.GLD 5.IAUUSD 6.TLT 7.WMT 8.UNH 9.JPM 10.SPY
2018-09-30	18	$129.0M	100	1VOO 2SPY 3IVV Top holdings2018-09-30 1.VOO 2.SPY 3.IVV 4.ACWX 5.XLV 6.XOPUSD 7.VEU 8.WMT 9.JPM 10.NUE
2018-06-30	12	$82.7M	82	1VOO 2IEF 3NUE Top holdings2018-06-30 1.VOO 2.IEF 3.NUE 4.JPM 5.WMT 6.IBB 7.UNH 8.GOOGL 9.IAUUSD 10.CAT
2018-03-31	10	$84.2M	100	1VOO 2IAUUSD 3GLD Top holdings2018-03-31 1.VOO 2.IAUUSD 3.GLD 4.JPM 5.OC 6.NUE 7.KNX 8.CAT 9.MGA 10.CCL1EUR
2017-12-31	23	$136.8M	89	1VOO 2SPY 3KRE Top holdings2017-12-31 1.VOO 2.SPY 3.KRE 4.KBE 5.73935A 6.XOPUSD 7.XLI 8.FDN 9.OC 10.LQD
2017-09-30	25	$155.7M	100	1VOO 2IWM 3AMLPUSD Top holdings2017-09-30 1.VOO 2.IWM 3.AMLPUSD 4.OEF 5.IAUUSD 6.KRE 7.IBB 8.73935A 9.GDX 10.LQD
2017-06-30	12	$72.6M	100	1VOO 2HYG373936T Top holdings2017-06-30 1.VOO 2.HYG 3.73936T 4.GDX 5.ABX 6.ABBV 7.SBUX 8.87074U 9.CCL1EUR 10.CAT
2017-03-31	12	$139.4M	100	1VOO 2IWB 3VV Top holdings2017-03-31 1.VOO 2.IWB 3.VV 4.ACWX 5.SPY 6.IWV 7.XLF 8.87074U 9.DFSEUR 10.INTC
2016-12-31	7	$120.3M	100	1VOO 2DIA 3VTI Top holdings2016-12-31 1.VOO 2.DIA 3.VTI 4.PFF 5.IVV 6.IAUUSD 7.IWB
2016-09-30	19	$131.5M	100	1VTI 2IWB 3PFF Top holdings2016-09-30 1.VTI 2.IWB 3.PFF 4.IJH 5.META 6.AMZN 7.DFSEUR 8.FDX 9.CP 10.CSCO
2016-06-30	7	$139.4M	100	1VOO 2IVV 3VTI Top holdings2016-06-30 1.VOO 2.IVV 3.VTI 4.IWV 5.BND 6.IAUUSD 7.IEF
2016-03-31	6	$148.0M	100	1PFF 2IVV 3IWB Top holdings2016-03-31 1.PFF 2.IVV 3.IWB 4.SPY 5.VOO 6.IWM
2015-12-31	13	$113.0M	100	1VOO273936T3PFF Top holdings2015-12-31 1.VOO 2.73936T 3.PFF 4.IEF 5.IWM 6.AAPL 7.DAL 8.GOOGL 9.SHY 10.AMZN
2015-09-30	6	$80.3M	100	1SHY 2PFF 3AAPL Top holdings2015-09-30 1.SHY 2.PFF 3.AAPL 4.GLD 5.IAUUSD 6.SBUX
2015-06-30	13	$87.6M	100	1SBUX 2AAPL 3NKE Top holdings2015-06-30 1.SBUX 2.AAPL 3.NKE 4.CVS 5.UNH 6.00817Y 7.V 8.PSX 9.FDX 10.MA
2015-03-31	20	$149.0M	100	1PFF273936T3XTN Top holdings2015-03-31 1.PFF 2.73936T 3.XTN 4.XLV 5.IYH 6.IYT 7.IWM 8.XLK 9.AAPL 10.00817Y
2014-12-31	21	$148.5M	100	1PFF 2OEF 3DVY Top holdings2014-12-31 1.PFF 2.OEF 3.DVY 4.XLK 5.XLF 6.73936T 7.LUV 8.CVS 9.JBHT 10.AAPL
2014-09-30	13	$51.3M	100	1FDX 2MSFT 3LUV Top holdings2014-09-30 1.FDX 2.MSFT 3.LUV 4.DFSEUR 5.AAPL 6.CVS 7.SBUX 8.AXP 9.PRGO 10.EPD
2014-06-30	27	$130.1M	—	1PFF 2HYG 3DVY Top holdings2014-06-30 1.PFF 2.HYG 3.DVY 4.FDX 5.DIS 6.PSX 7.DFSEUR 8.SBUX 9.DAL 10.LUV

Holding changes this quarter

Mader & Shannon Wealth Management, Inc.'s most significant position changes for 2026-03-31: Sold out: Invesco Preferred ETF (PGX); Sold out: Cdw Corp/de (CDW); New buy: Ishares U.s. Oil & Gas Explo (IEO); Sold out: Amazon.com INC (AMZN); Sold out: Unitedhealth Group INC (UNH).

Position changes disclosed by Mader & Shannon Wealth Management, Inc. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SGOV	Ishares 0-3 Month Treasury B	+14.8%	+1840.92%	Add
2	SHV	Ishares 0-1 Year Treasury Bo	+2.4%	+171.39%	Add
3	KNX	Knight-swift Transportation	+1.7%	+18.04%	Add
4	XLB	Ss Materials Select Sector	+1.1%	+299.96%	Add
5	VLO	Valero Energy CORP	+0.8%	+9.61%	Add
6	PSX	Phillips 66	+0.7%	+18.24%	Add
7	TMO	Thermo Fisher Scientific INC	+0.7%	+23.87%	Add
8	MPC	Marathon Petroleum CORP	+0.5%	+7.91%	Add
9	DINO	Hf Sinclair CORP	+0.4%	+8.02%	Add
10	MLM	Martin Marietta Materials	+0.1%	+15.52%	Add
11	ITB	Ishares U.s. Home Constructi	+0.1%	+28.94%	Add
12	DHI	Dr Horton INC	0%	+33.15%	Add
13	WMT	Walmart INC	0%	+1.48%	Add
14	FSLR	First Solar INC	-0.1%	+10.85%	Add
15	GLD	Spdr Gold Shares	-0.9%	-17.82%	Trim
16	IAU	Ishares Gold Trust	-0.9%	-17.87%	Trim
17	GDX	Vaneck Gold Miners ETF	-1.9%	-40.68%	Trim
18	VRP	Invesco Variable Rate Prefer	-2.4%	-15.67%	Trim
19	SHY	Ishares 1-3 Year Treasury Bo	-4%	-25.08%	Trim
20	PGX	Invesco Preferred ETF	—	EXIT	Sold out
21	CDW	Cdw Corp/de	—	EXIT	Sold out
22	IEO	Ishares U.s. Oil & Gas Explo	—	NEW	New buy
23	AMZN	Amazon.com INC	—	EXIT	Sold out
24	UNH	Unitedhealth Group INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-04-13	13F-HR	View on EDGAR
2025-12-31	2026-01-29	13F-HR	View on EDGAR
2025-09-30	2025-11-12	13F-HR	View on EDGAR
2025-06-30	2025-07-31	13F-HR	View on EDGAR
2025-03-31	2025-05-05	13F-HR	View on EDGAR
2024-12-31	2025-02-03	13F-HR	View on EDGAR
2024-09-30	2024-11-12	13F-HR	View on EDGAR
2024-06-30	2024-08-01	13F-HR	View on EDGAR
2024-03-31	2024-05-13	13F-HR	View on EDGAR
2023-12-31	2024-01-24	13F-HR	View on EDGAR
2023-09-30	2023-11-07	13F-HR	View on EDGAR
2023-06-30	2023-08-08	13F-HR	View on EDGAR
2023-03-31	2023-05-10	13F-HR	View on EDGAR
2022-12-31	2023-01-24	13F-HR	View on EDGAR
2022-09-30	2022-10-27	13F-HR	View on EDGAR
2022-06-30	2022-07-26	13F-HR	View on EDGAR
2022-03-31	2022-05-05	13F-HR	View on EDGAR
2021-12-31	2022-01-28	13F-HR	View on EDGAR
2021-09-30	2021-11-01	13F-HR	View on EDGAR
2021-06-30	2021-08-11	13F-HR	View on EDGAR
2021-03-31	2021-05-03	13F-HR	View on EDGAR
2020-12-31	2021-02-02	13F-HR	View on EDGAR
2020-09-30	2020-11-05	13F-HR	View on EDGAR
2020-06-30	2020-08-13	13F-HR	View on EDGAR
2020-03-31	2020-05-12	13F-HR	View on EDGAR
2019-12-31	2020-02-11	13F-HR	View on EDGAR
2019-09-30	2019-11-07	13F-HR	View on EDGAR
2019-06-30	2019-08-13	13F-HR	View on EDGAR
2019-03-31	2019-04-30	13F-HR	View on EDGAR
2018-12-31	2019-02-13	13F-HR	View on EDGAR
2018-09-30	2018-11-14	13F-HR	View on EDGAR
2018-06-30	2018-07-27	13F-HR	View on EDGAR
2018-03-31	2018-05-15	13F-HR	View on EDGAR
2017-12-31	2018-02-09	13F-HR	View on EDGAR
2017-09-30	2017-11-13	13F-HR	View on EDGAR
2017-06-30	2017-08-14	13F-HR	View on EDGAR
2017-03-31	2017-05-12	13F-HR	View on EDGAR
2016-12-31	2017-02-13	13F-HR	View on EDGAR
2016-09-30	2016-11-14	13F-HR	View on EDGAR
2016-06-30	2016-08-15	13F-HR	View on EDGAR
2016-03-31	2016-05-12	13F-HR	View on EDGAR
2015-12-31	2016-02-17	13F-HR	View on EDGAR
2015-09-30	2015-11-17	13F-HR	View on EDGAR
2015-06-30	2015-07-24	13F-HR	View on EDGAR
2015-03-31	2015-05-07	13F-HR	View on EDGAR
2014-12-31	2015-02-11	13F-HR	View on EDGAR
2014-09-30	2014-11-14	13F-HR	View on EDGAR
2014-06-30	2014-08-14	13F-HR	View on EDGAR

FAQ

What is Mader & Shannon Wealth Management, Inc. and what type of investor is it?

Mader & Shannon Wealth Management, Inc. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $216.1M, spread across 20 disclosed positions.

What are Mader & Shannon Wealth Management, Inc.'s largest equity positions?

Based on the latest 13F filing, Mader & Shannon Wealth Management, Inc.'s top holdings by market value are: 1. Ishares 0-3 Month Treasury B (SGOV) — $33.7M (15.6%) 2. Ishares Gold Trust (IAU) — $29.4M (13.6%) 3. Spdr Gold Shares (GLD) — $29.3M (13.6%) 4. Ishares 1-3 Year Treasury Bo (SHY) — $20.8M (9.6%) 5. Invesco Variable Rate Prefer (VRP) — $17.3M (8.0%)

What changes did Mader & Shannon Wealth Management, Inc. make in its most recent portfolio filing?

In the latest reported quarter, Mader & Shannon Wealth Management, Inc. made 24 notable position adjustments: 1 new positions were initiated, 14 existing holdings were added to, 5 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: Invesco Preferred ETF (PGX); Sold out: Cdw Corp/de (CDW); New buy: Ishares U.s. Oil & Gas Explo (IEO); Sold out: Amazon.com INC (AMZN); Sold out: Unitedhealth Group INC (UNH)

What sectors does Mader & Shannon Wealth Management, Inc. focus on?

Mader & Shannon Wealth Management, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio: • Energy: 34.0% • Industrials: 18.0% • Health Care: 16.5% • Materials: 14.6% • Information Technology: 8.3% • Consumer Discretionary: 8.0%

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View detail

GM Advisory Group, LLC

CIK 0001598304

Total reported value

$2.6B

377 stks

2026-03-31

Concentration16.6

Portfolio Stability12.7

Sector conviction66.7

2 of the top 5 holdings overlap, including Ishares 0-3 Month Treasury B

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Mader & Shannon Wealth Management, Inc. 13F Holdings Breakdown

CIK: 0001535862

ContrarianQuality / disciplined sizing

Total reported value

$216.1M

Reporting period: 2026-03-31 · Number of holdings: 20

Mader & Shannon Wealth Management, Inc. disclosed 20 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $216.1M and a quarterly turnover rate of 50.0%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "M"

Personality snowflake

Concentration: 35.7
Portfolio Stability: 50.04
Momentum/Contrarian: 0
Sector conviction: 63.01
Diversification: 40
Sizing Uniformity: 90.91

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.91), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Add SGOV
+1840.9%　$32.0M
Trim SHY
-25.1%　-$7.1M
Add SHV
+171.4%　$5.4M
Trim VRP
-15.7%　-$3.8M
Trim GDX
-40.7%　-$3.4M
Add KNX
+18.0%　$4.1M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SGOV	Ishares 0-3 Month Treasury B	ETF-Gov Bonds	15.62%	+14.77%	+1840.92%
2	IAU	Ishares Gold Trust	ETF-Commodities	13.58%	-0.88%	-17.87%
3	GLD	Spdr Gold Shares	ETF-Commodities	13.58%	-0.87%	-17.82%
4	SHY	Ishares 1-3 Year Treasury Bo	ETF-Gov Bonds	9.61%	-4.04%	-25.08%
5	VRP	Invesco Variable Rate Prefer	ETF-Other	8.02%	-2.35%	-15.67%
6	KNX	Knight-swift Transportation	Stock-Industrials	4.50%	+1.73%	+18.04%
7	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	4.14%	+0.65%	+23.87%
8	SHV	Ishares 0-1 Year Treasury Bo	ETF-Gov Bonds	3.95%	+2.41%	+171.39%
9	GDX	Vaneck Gold Miners ETF	ETF-Commodities	3.85%	-1.87%	-40.68%
10	MLM	Martin Marietta Materials	Stock-Materials	3.65%	+0.07%	+15.52%
11	IEO	Ishares U.s. Oil & Gas Explo	ETF-Other	2.70%	+2.70%	NEW
12	VLO	Valero Energy CORP	Stock-Energy	2.28%	+0.76%	+9.61%
13	DINO	Hf Sinclair CORP	Stock-Energy	2.13%	+0.38%	+8.02%
14	XLB	Ss Materials Select Sector	ETF-Other	2.10%	+1.10%	+299.96%
15	FSLR	First Solar INC	Stock-Tech	2.09%	-0.14%	+10.85%
16	PSX	Phillips 66	Stock-Energy	2.06%	+0.68%	+18.24%
17	MPC	Marathon Petroleum CORP	Stock-Energy	2.04%	+0.46%	+7.91%
18	DHI	Dr Horton INC	Stock-Consumer Disc	1.99%	+0.03%	+33.15%
19	ITB	Ishares U.s. Home Constructi	ETF-Other	1.98%	+0.06%	+28.94%
20	WMT	Walmart INC	Stock-Consumer Staples	0.14%	+0.02%	+1.48%

Portfolio Performance

Performance for Q3 2026

-0.9%

Performance Last 4 Quarters

+22.6%

Based on 73% of reported portfolio value with available pricing

Stdev: +10.1%
Beta: +0.38
Alpha: +8.1%
Max Drawdown: -4.9%
Annualized Perf: +15.5%
Batting Avg vs S&P: +52.8%
Sortino: +2.78
Stutzer: +0.42
Treynor: +0.4
Sterling: +1.06
Calmar: +3.16
Information Ratio: -0.29
Tracking Error: +12%
Stdev Down: +5.4%
Winning Months %: +69.4%
Losing Months %: +30.6%
Best 12 Months: +34.4%
Worst 12 Months: +10.1%
Efficiency Ratio: +0.58
Sharpe: +1.48
Stdev Sectors: +9.8%
Skewness: -0.41
Kurtosis: -0.49
Upside Potential: +4.28

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	20	$216.1M	50	1SGOV 2IAU 3GLD Top holdings2026-03-31 1.SGOV 2.IAU 3.GLD 4.SHY 5.VRP 6.KNX 7.TMO 8.SHV 9.GDX 10.MLM
2025-12-31	23	$204.0M	0	1IAU 2GLD 3SHY Top holdings2025-12-31 1.IAU 2.GLD 3.SHY 4.VRP 5.PGX 6.GDX 7.MLM 8.TMO 9.CDW 10.KNX
2025-09-30	23	$204.0M	65	1IAU 2GLD 3SHY Top holdings2025-09-30 1.IAU 2.GLD 3.SHY 4.VRP 5.PGX 6.GDX 7.MLM 8.TMO 9.CDW 10.KNX
2025-06-30	22	$183.6M	0	1SHY 2GLD 3IAU Top holdings2025-06-30 1.SHY 2.GLD 3.IAU 4.SGOV 5.SHV 6.CDW 7.GDX 8.KNX 9.MLM 10.TMO
2025-03-31	21	$175.3M	100	1GLD 2IAU 3SGOV Top holdings2025-03-31 1.GLD 2.IAU 3.SGOV 4.SHYG 5.GDX 6.SHV 7.UNH 8.TMO 9.CDW 10.KNX
2024-12-31	21	$161.7M	0	1GLD 2IAU 3SGOV Top holdings2024-12-31 1.GLD 2.IAU 3.SGOV 4.SHV 5.SHYG 6.GDX 7.TMO 8.UNH 9.KNX 10.MLM
2024-09-30	15	$172.0M	0	1GLD 2IAU 3SGOV Top holdings2024-09-30 1.GLD 2.IAU 3.SGOV 4.SHV 5.IGLB 6.VCLT 7.GDX 8.TMO 9.UNH 10.CDW
2024-06-30	12	$166.4M	0	1SGOV 2SHV 3GLD Top holdings2024-06-30 1.SGOV 2.SHV 3.GLD 4.IAU 5.VCLT 6.GDX 7.TMO 8.CDW 9.UNH 10.KNX
2024-03-31	11	$178.3M	0	1SGOV 2SHV 3GLD Top holdings2024-03-31 1.SGOV 2.SHV 3.GLD 4.IAU 5.CDW 6.TMO 7.KNX 8.UNH 9.GDX 10.MLM
2023-12-31	11	$175.8M	0	1SGOV 2SHV 3IAU Top holdings2023-12-31 1.SGOV 2.SHV 3.IAU 4.GLD 5.CDW 6.KNX 7.GDX 8.UNH 9.TMO 10.DHI
2023-09-30	12	$152.1M	0	1SHV 2SGOV 3GLD Top holdings2023-09-30 1.SHV 2.SGOV 3.GLD 4.IAU 5.CDW 6.UNH 7.KNX 8.TMO 9.GDX 10.DHI
2023-06-30	17	$161.9M	0	1IAU 2GLD 3SHYG Top holdings2023-06-30 1.IAU 2.GLD 3.SHYG 4.SJNK 5.SPY 6.ACWX 7.RSP 8.CDW 9.KNX 10.GDX
2023-03-31	16	$151.6M	0	1IAU 2GLD 3SHYG Top holdings2023-03-31 1.IAU 2.GLD 3.SHYG 4.ACWX 5.SPY 6.SJNK 7.RSP 8.CDW 9.KNX 10.TMO
2022-12-31	16	$151.1M	0	1IAU 2GLD 3SHYG Top holdings2022-12-31 1.IAU 2.GLD 3.SHYG 4.ACWX 5.RSP 6.SPY 7.CDW 8.KNX 9.TMO 10.UNH
2022-09-30	12	$91.8M	0	1IAU 2GLD 3SCHP Top holdings2022-09-30 1.IAU 2.GLD 3.SCHP 4.UNH 5.KNX 6.TMO 7.CDW 8.DG 9.MLM 10.DHI
2022-06-30	21	$167.4M	0	1IAU 2GLD 3PFF Top holdings2022-06-30 1.IAU 2.GLD 3.PFF 4.TIP 5.UNH 6.50540R 7.CDW 8.SHY 9.AMT 10.COR
2022-03-31	23	$184.2M	0	1IAU 2GLD 3VGIT Top holdings2022-03-31 1.IAU 2.GLD 3.VGIT 4.UNH 5.50540R 6.CDW 7.TMO 8.SHY 9.CCI 10.COR
2021-12-31	21	$180.7M	0	1IAU 2GLD 3VGIT Top holdings2021-12-31 1.IAU 2.GLD 3.VGIT 4.50540R 5.CDW 6.TMO 7.UNH 8.KNX 9.AMT 10.CCI
2021-09-30	21	$156.5M	0	1IAU 2GLD 3VGIT Top holdings2021-09-30 1.IAU 2.GLD 3.VGIT 4.50540R 5.CDW 6.TMO 7.SHY 8.AMT 9.KNX 10.UNH
2021-06-30	26	$194.1M	100	1IAU 2GLD 3VGIT Top holdings2021-06-30 1.IAU 2.GLD 3.VGIT 4.IGV 5.50540R 6.CDW 7.SHY 8.CCI 9.AMT 10.UNH
2021-03-31	25	$170.9M	28	1IAUUSD 2GLD 3VGIT Top holdings2021-03-31 1.IAUUSD 2.GLD 3.VGIT 4.SHY 5.50540R 6.CDW 7.SHV 8.KNX 9.CCI 10.AMT
2020-12-31	25	$150.9M	38	1IAUUSD 2GLD 3VGIT Top holdings2020-12-31 1.IAUUSD 2.GLD 3.VGIT 4.SHY 5.WMT 6.CDW 7.DG 8.50540R 9.KNX 10.SBUX
2020-09-30	20	$127.9M	6	1IAUUSD 2GLD 3VGIT Top holdings2020-09-30 1.IAUUSD 2.GLD 3.VGIT 4.SHY 5.TLT 6.SHV 7.WMT 8.KNX 9.TMO 10.COR
2020-06-30	20	$122.8M	51	1IAUUSD 2GLD 3VGIT Top holdings2020-06-30 1.IAUUSD 2.GLD 3.VGIT 4.SHY 5.TLT 6.SHV 7.WMT 8.KNX 9.COR 10.LMT
2020-03-31	17	$113.0M	34	1IAUUSD 2GLD 3IEF Top holdings2020-03-31 1.IAUUSD 2.GLD 3.IEF 4.VGIT 5.SHY 6.SHV 7.WMT 8.KNX 9.CMCSA 10.TMO
2019-12-31	19	$124.2M	20	1GLD 2IAUUSD 3IEF Top holdings2019-12-31 1.GLD 2.IAUUSD 3.IEF 4.VGIT 5.IVV 6.SHY 7.WMT 8.KNX 9.CMCSA 10.O
2019-09-30	20	$126.3M	42	1GLD 2IAUUSD 3IEF Top holdings2019-09-30 1.GLD 2.IAUUSD 3.IEF 4.VGIT 5.IVV 6.VTI 7.SHY 8.WMT 9.KNX 10.O
2019-06-30	16	$117.6M	72	1SHY 2GLD 3IEF Top holdings2019-06-30 1.SHY 2.GLD 3.IEF 4.IAUUSD 5.VGIT 6.WMT 7.KNX 8.CMCSA 9.O 10.TMO
2019-03-31	12	$111.5M	20	1VOO 2IEF 3GLD Top holdings2019-03-31 1.VOO 2.IEF 3.GLD 4.VGIT 5.IAUUSD 6.WMT 7.UNH 8.JPM 9.KNX 10.SPY
2018-12-31	15	$122.8M	100	1VOO 2VGIT 3IEF Top holdings2018-12-31 1.VOO 2.VGIT 3.IEF 4.GLD 5.IAUUSD 6.TLT 7.WMT 8.UNH 9.JPM 10.SPY
2018-09-30	18	$129.0M	100	1VOO 2SPY 3IVV Top holdings2018-09-30 1.VOO 2.SPY 3.IVV 4.ACWX 5.XLV 6.XOPUSD 7.VEU 8.WMT 9.JPM 10.NUE
2018-06-30	12	$82.7M	82	1VOO 2IEF 3NUE Top holdings2018-06-30 1.VOO 2.IEF 3.NUE 4.JPM 5.WMT 6.IBB 7.UNH 8.GOOGL 9.IAUUSD 10.CAT
2018-03-31	10	$84.2M	100	1VOO 2IAUUSD 3GLD Top holdings2018-03-31 1.VOO 2.IAUUSD 3.GLD 4.JPM 5.OC 6.NUE 7.KNX 8.CAT 9.MGA 10.CCL1EUR
2017-12-31	23	$136.8M	89	1VOO 2SPY 3KRE Top holdings2017-12-31 1.VOO 2.SPY 3.KRE 4.KBE 5.73935A 6.XOPUSD 7.XLI 8.FDN 9.OC 10.LQD
2017-09-30	25	$155.7M	100	1VOO 2IWM 3AMLPUSD Top holdings2017-09-30 1.VOO 2.IWM 3.AMLPUSD 4.OEF 5.IAUUSD 6.KRE 7.IBB 8.73935A 9.GDX 10.LQD
2017-06-30	12	$72.6M	100	1VOO 2HYG373936T Top holdings2017-06-30 1.VOO 2.HYG 3.73936T 4.GDX 5.ABX 6.ABBV 7.SBUX 8.87074U 9.CCL1EUR 10.CAT
2017-03-31	12	$139.4M	100	1VOO 2IWB 3VV Top holdings2017-03-31 1.VOO 2.IWB 3.VV 4.ACWX 5.SPY 6.IWV 7.XLF 8.87074U 9.DFSEUR 10.INTC
2016-12-31	7	$120.3M	100	1VOO 2DIA 3VTI Top holdings2016-12-31 1.VOO 2.DIA 3.VTI 4.PFF 5.IVV 6.IAUUSD 7.IWB
2016-09-30	19	$131.5M	100	1VTI 2IWB 3PFF Top holdings2016-09-30 1.VTI 2.IWB 3.PFF 4.IJH 5.META 6.AMZN 7.DFSEUR 8.FDX 9.CP 10.CSCO
2016-06-30	7	$139.4M	100	1VOO 2IVV 3VTI Top holdings2016-06-30 1.VOO 2.IVV 3.VTI 4.IWV 5.BND 6.IAUUSD 7.IEF
2016-03-31	6	$148.0M	100	1PFF 2IVV 3IWB Top holdings2016-03-31 1.PFF 2.IVV 3.IWB 4.SPY 5.VOO 6.IWM
2015-12-31	13	$113.0M	100	1VOO273936T3PFF Top holdings2015-12-31 1.VOO 2.73936T 3.PFF 4.IEF 5.IWM 6.AAPL 7.DAL 8.GOOGL 9.SHY 10.AMZN
2015-09-30	6	$80.3M	100	1SHY 2PFF 3AAPL Top holdings2015-09-30 1.SHY 2.PFF 3.AAPL 4.GLD 5.IAUUSD 6.SBUX
2015-06-30	13	$87.6M	100	1SBUX 2AAPL 3NKE Top holdings2015-06-30 1.SBUX 2.AAPL 3.NKE 4.CVS 5.UNH 6.00817Y 7.V 8.PSX 9.FDX 10.MA
2015-03-31	20	$149.0M	100	1PFF273936T3XTN Top holdings2015-03-31 1.PFF 2.73936T 3.XTN 4.XLV 5.IYH 6.IYT 7.IWM 8.XLK 9.AAPL 10.00817Y
2014-12-31	21	$148.5M	100	1PFF 2OEF 3DVY Top holdings2014-12-31 1.PFF 2.OEF 3.DVY 4.XLK 5.XLF 6.73936T 7.LUV 8.CVS 9.JBHT 10.AAPL
2014-09-30	13	$51.3M	100	1FDX 2MSFT 3LUV Top holdings2014-09-30 1.FDX 2.MSFT 3.LUV 4.DFSEUR 5.AAPL 6.CVS 7.SBUX 8.AXP 9.PRGO 10.EPD
2014-06-30	27	$130.1M	—	1PFF 2HYG 3DVY Top holdings2014-06-30 1.PFF 2.HYG 3.DVY 4.FDX 5.DIS 6.PSX 7.DFSEUR 8.SBUX 9.DAL 10.LUV

Holding changes this quarter

Position changes disclosed by Mader & Shannon Wealth Management, Inc. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SGOV	Ishares 0-3 Month Treasury B	+14.8%	+1840.92%	Add
2	SHV	Ishares 0-1 Year Treasury Bo	+2.4%	+171.39%	Add
3	KNX	Knight-swift Transportation	+1.7%	+18.04%	Add
4	XLB	Ss Materials Select Sector	+1.1%	+299.96%	Add
5	VLO	Valero Energy CORP	+0.8%	+9.61%	Add
6	PSX	Phillips 66	+0.7%	+18.24%	Add
7	TMO	Thermo Fisher Scientific INC	+0.7%	+23.87%	Add
8	MPC	Marathon Petroleum CORP	+0.5%	+7.91%	Add
9	DINO	Hf Sinclair CORP	+0.4%	+8.02%	Add
10	MLM	Martin Marietta Materials	+0.1%	+15.52%	Add
11	ITB	Ishares U.s. Home Constructi	+0.1%	+28.94%	Add
12	DHI	Dr Horton INC	0%	+33.15%	Add
13	WMT	Walmart INC	0%	+1.48%	Add
14	FSLR	First Solar INC	-0.1%	+10.85%	Add
15	GLD	Spdr Gold Shares	-0.9%	-17.82%	Trim
16	IAU	Ishares Gold Trust	-0.9%	-17.87%	Trim
17	GDX	Vaneck Gold Miners ETF	-1.9%	-40.68%	Trim
18	VRP	Invesco Variable Rate Prefer	-2.4%	-15.67%	Trim
19	SHY	Ishares 1-3 Year Treasury Bo	-4%	-25.08%	Trim
20	PGX	Invesco Preferred ETF	—	EXIT	Sold out
21	CDW	Cdw Corp/de	—	EXIT	Sold out
22	IEO	Ishares U.s. Oil & Gas Explo	—	NEW	New buy
23	AMZN	Amazon.com INC	—	EXIT	Sold out
24	UNH	Unitedhealth Group INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-04-13	13F-HR	View on EDGAR
2025-12-31	2026-01-29	13F-HR	View on EDGAR
2025-09-30	2025-11-12	13F-HR	View on EDGAR
2025-06-30	2025-07-31	13F-HR	View on EDGAR
2025-03-31	2025-05-05	13F-HR	View on EDGAR
2024-12-31	2025-02-03	13F-HR	View on EDGAR
2024-09-30	2024-11-12	13F-HR	View on EDGAR
2024-06-30	2024-08-01	13F-HR	View on EDGAR
2024-03-31	2024-05-13	13F-HR	View on EDGAR
2023-12-31	2024-01-24	13F-HR	View on EDGAR
2023-09-30	2023-11-07	13F-HR	View on EDGAR
2023-06-30	2023-08-08	13F-HR	View on EDGAR
2023-03-31	2023-05-10	13F-HR	View on EDGAR
2022-12-31	2023-01-24	13F-HR	View on EDGAR
2022-09-30	2022-10-27	13F-HR	View on EDGAR
2022-06-30	2022-07-26	13F-HR	View on EDGAR
2022-03-31	2022-05-05	13F-HR	View on EDGAR
2021-12-31	2022-01-28	13F-HR	View on EDGAR
2021-09-30	2021-11-01	13F-HR	View on EDGAR
2021-06-30	2021-08-11	13F-HR	View on EDGAR
2021-03-31	2021-05-03	13F-HR	View on EDGAR
2020-12-31	2021-02-02	13F-HR	View on EDGAR
2020-09-30	2020-11-05	13F-HR	View on EDGAR
2020-06-30	2020-08-13	13F-HR	View on EDGAR
2020-03-31	2020-05-12	13F-HR	View on EDGAR
2019-12-31	2020-02-11	13F-HR	View on EDGAR
2019-09-30	2019-11-07	13F-HR	View on EDGAR
2019-06-30	2019-08-13	13F-HR	View on EDGAR
2019-03-31	2019-04-30	13F-HR	View on EDGAR
2018-12-31	2019-02-13	13F-HR	View on EDGAR
2018-09-30	2018-11-14	13F-HR	View on EDGAR
2018-06-30	2018-07-27	13F-HR	View on EDGAR
2018-03-31	2018-05-15	13F-HR	View on EDGAR
2017-12-31	2018-02-09	13F-HR	View on EDGAR
2017-09-30	2017-11-13	13F-HR	View on EDGAR
2017-06-30	2017-08-14	13F-HR	View on EDGAR
2017-03-31	2017-05-12	13F-HR	View on EDGAR
2016-12-31	2017-02-13	13F-HR	View on EDGAR
2016-09-30	2016-11-14	13F-HR	View on EDGAR
2016-06-30	2016-08-15	13F-HR	View on EDGAR
2016-03-31	2016-05-12	13F-HR	View on EDGAR
2015-12-31	2016-02-17	13F-HR	View on EDGAR
2015-09-30	2015-11-17	13F-HR	View on EDGAR
2015-06-30	2015-07-24	13F-HR	View on EDGAR
2015-03-31	2015-05-07	13F-HR	View on EDGAR
2014-12-31	2015-02-11	13F-HR	View on EDGAR
2014-09-30	2014-11-14	13F-HR	View on EDGAR
2014-06-30	2014-08-14	13F-HR	View on EDGAR