AC
Appalachian Capital Management Ltd 13F Filing (Q3 2026) — Top Positions & Stock Picks
Appalachian Capital Management LtdCIK: 0002111450
Momentum followerLong-term holderQuality / disciplined sizing
Total reported value
$139.4M
Reporting period: 2026-09-30 · Number of holdings: 48
Appalachian Capital Management Ltd disclosed 48 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $139.4M and a quarterly turnover rate of 5.4%.
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Personality snowflake
- Concentration
- 56.68
- Portfolio Stability
- 5.43
- Momentum
- 100
- Sector conviction
- 61.79
- Diversification
- 96
- Sizing Uniformity
- 75.66
Appalachian Capital Management Ltd's disclosed holdings carry a Herfindahl concentration index of 0.142 — mathematically equivalent to about 7 equally-sized positions, well below its 48 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.43), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.2 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 7% 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy 30233Q108
Sold out XOM
Trim SPTL
+2.3% -$643.2K
New buy 84615Q103
Trim UCON
+1.4% -$294.1K
Add OAKM
+0.7% $422.6K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SCHB | Schwab US Broad Market ETF | ETF-Other | 33.12% | -0.02% | -0.15% | |
| 2 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 7.50% | +0.15% | +0.50% | |
| 3 | SPTI | Ss Spdr P Int Term Tsy ETF | ETF-Other | 6.85% | -0.15% | +2.93% | |
| 4 | OAKM | Oakmark US Large Cap ETF | ETF-Large Cap & Growth | 6.47% | +0.24% | +0.67% | |
| 5 | OAKI | Oakmark International Lc ETF | ETF-Other | 6.32% | -0.06% | +0.49% | |
| 6 | UCON | First Trust Smith Unconstrai | ETF-Other | 6.26% | -0.28% | +1.36% | |
| 7 | SPTL | Ss Spdr Pf Lng Trm Tsy E-usd | ETF-Other | 6.16% | -0.54% | +2.32% | |
| 8 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 5.80% | -0.03% | +0.02% | |
| 9 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 3.01% | -0.03% | -0.30% | |
| 10 | XLF | Ss Financial Select Sector | ETF-Other | 2.05% | -0.03% | -0.17% | |
| 11 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 1.91% | -0.06% | +3.28% | |
| 12 | RDVY | First Trust Rising Dividend | ETF-Other | 1.37% | -0.04% | +1.68% | |
| 13 | BA | Boeing Co/the | Stock-Industrials | 0.78% | -0.14% | -0.29% | |
| 14 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.75% | +0.02% | — | |
| 15 | ✓ | Stock-Other | 0.67% | +0.67% | NEW | ||
| 16 | KRE | Ss Spdr S&p Regional Bank | ETF-Other | 0.60% | -0.05% | +0.36% | |
| 17 | BOND | Pimco Active Bond Exchange-t | ETF-Other | 0.59% | -0.06% | -3.12% | |
| 18 | NVDA | Nvidia CORP | Stock-Tech | 0.59% | +0.12% | +10.87% | |
| 19 | AMD | Advanced Micro Devices | Stock-Tech | 0.59% | +0.03% | — | |
| 20 | VLO | Valero Energy CORP | Stock-Energy | 0.58% | +0.18% | — | |
| 21 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 0.56% | +0.16% | +300.00% | |
| 22 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.52% | +0.02% | +7.65% | |
| 23 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.45% | -0.09% | — | |
| 24 | PID | Invesco International Divide | ETF-Other | 0.43% | -0.05% | -5.46% | |
| 25 | FVD | First Trust Value Line Dvd | ETF-Other | 0.41% | -0.02% | -0.89% | |
| 26 | SCHZ | Schwab US Aggregate Bond ETF | ETF-Other | 0.41% | -0.02% | +0.72% | |
| 27 | SPLV | Invesco S&p 500 Low Volatili | ETF-Large Cap & Growth | 0.39% | -0.02% | +0.51% | |
| 28 | UBCP | United Bancorp Inc/ohio | Stock-Other | 0.35% | -0.03% | +0.04% | |
| 29 | MSFT | Microsoft CORP | Stock-Tech | 0.34% | +0.09% | +0.22% | |
| 30 | BITB | Bitwise Bitcoin ETF | ETF-Crypto | 0.33% | +0.01% | -26.53% | |
| 31 | CVX | Chevron CORP | Stock-Energy | 0.32% | +0.05% | — | |
| 32 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.30% | -0.02% | — | |
| 33 | ✓ | Stock-Other | 0.30% | +0.30% | NEW | ||
| 34 | XLK | Ss Technology Select Sector | ETF-Tech | 0.28% | — | +0.10% | |
| 35 | SOXX | Ishares Semiconductor ETF | ETF-Other | 0.28% | -0.04% | — | |
| 36 | GTO | Invesco Total Return Bond Et | ETF-Other | 0.26% | -0.01% | +1.09% | |
| 37 | QLD | Proshares Ultra Qqq | ETF-Other | 0.25% | -0.19% | -41.32% | |
| 38 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.25% | — | — | |
| 39 | WSBC | Wesbanco Inc | Stock-Other | 0.22% | -0.01% | +0.77% | |
| 40 | VTRS | Viatris Inc | Stock-Healthcare | 0.21% | +0.02% | +0.69% | |
| 41 | NFLX | Netflix Inc | Stock-Comm Services | 0.20% | -0.05% | -16.29% | |
| 42 | VT | Vanguard Tot World Stk ETF | ETF-Other | 0.19% | — | — | |
| 43 | SCHA | Schwab US Small-cap ETF | ETF-Other | 0.18% | -0.02% | +0.31% | |
| 44 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.17% | +0.17% | NEW | |
| 45 | BP | Bp Plc-spons Adr | Stock-Energy | 0.16% | +0.16% | NEW | |
| 46 | SNDK | Sandisk CORP | Stock-Tech | 0.15% | +0.15% | NEW | |
| 47 | BITO | Proshares Bitcoin Etf-usd | ETF-Crypto | 0.13% | +0.13% | NEW | |
| 48 | EONR | Eon Resources Inc | Stock-Other | 0.01% | — | — |
Portfolio Performance
Performance for Q4 2026
+1%
Performance Last 4 Quarters
+6.8%
- Stdev
- +11.5%
- Beta
- +0.69
- Alpha
- -3.1%
- Max Drawdown
- -2.3%
- Annualized Perf
- +10.3%
- Batting Avg vs S&P
- +50%
- Sortino
- +1.82
- Stutzer
- +0.28
- Treynor
- +0.15
- Sterling
- —
- Calmar
- +4.54
- Information Ratio
- -1.58
- Tracking Error
- +5.8%
- Stdev Down
- +5.7%
- Winning Months %
- +62.5%
- Losing Months %
- +37.5%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.34
- Sharpe
- +0.91
- Stdev Sectors
- +8.1%
- Skewness
- +0.21
- Kurtosis
- -0.55
- Upside Potential
- +3.51
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Appalachian Capital Management Ltd's most significant position changes for 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: Meta Platforms Inc-class A (META); New buy: Bp Plc-spons Adr (BP).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +0.7% | NEW | New buy | |
| 2 | ✓ | +0.3% | NEW | New buy | |
| 3 | OAKM | Oakmark US Large Cap ETF | +0.2% | +0.67% | Add |
| 4 | VLO | Valero Energy CORP | +0.2% | — | Unchanged |
| 5 | META | Meta Platforms Inc-class A | +0.2% | NEW | New buy |
| 6 | BP | Bp Plc-spons Adr | +0.2% | NEW | New buy |
| 7 | CRWD | Crowdstrike Holdings Inc - A | +0.2% | +300.00% | Add |
| 8 | SCHD | Schwab US Dvd Equity ETF | +0.2% | +0.50% | Add |
| 9 | SNDK | Sandisk CORP | +0.2% | NEW | New buy |
| 10 | BITO | Proshares Bitcoin Etf-usd | +0.1% | NEW | New buy |
| 11 | NVDA | Nvidia CORP | +0.1% | +10.87% | Add |
| 12 | MSFT | Microsoft CORP | +0.1% | +0.22% | Add |
| 13 | CVX | Chevron CORP | +0.1% | — | Unchanged |
| 14 | AMD | Advanced Micro Devices | 0% | — | Unchanged |
| 15 | AMZN | Amazon.com Inc | 0% | — | Unchanged |
| 16 | VTRS | Viatris Inc | 0% | +0.69% | Add |
| 17 | GOOG | Alphabet Inc-cl C | 0% | +7.65% | Add |
| 18 | BITB | Bitwise Bitcoin ETF | 0% | -26.53% | Trim |
| 19 | XLK | Ss Technology Select Sector | — | +0.10% | Add |
| 20 | DIA | Ss Spdr Dow Jones Indus Avg | — | — | Unchanged |
| 21 | VT | Vanguard Tot World Stk ETF | — | — | Unchanged |
| 22 | EONR | Eon Resources Inc | — | — | Unchanged |
| 23 | GTO | Invesco Total Return Bond Et | 0% | +1.09% | Add |
| 24 | WSBC | Wesbanco Inc | 0% | +0.77% | Add |
| 25 | SCHB | Schwab US Broad Market ETF | 0% | -0.15% | Trim |
| 26 | SPLV | Invesco S&p 500 Low Volatili | 0% | +0.51% | Add |
| 27 | SCHA | Schwab US Small-cap ETF | 0% | +0.31% | Add |
| 28 | SCHZ | Schwab US Aggregate Bond ETF | 0% | +0.72% | Add |
| 29 | FVD | First Trust Value Line Dvd | 0% | -0.89% | Trim |
| 30 | LLY | Eli Lilly & Co | 0% | — | Unchanged |
| 31 | QQQM | Invesco Nasdaq 100 ETF | 0% | +0.02% | Add |
| 32 | UBCP | United Bancorp Inc/ohio | 0% | +0.04% | Add |
| 33 | XLF | Ss Financial Select Sector | 0% | -0.17% | Trim |
| 34 | QQQ | Invesco Qqq Trust Series 1 | 0% | -0.30% | Trim |
| 35 | SOXX | Ishares Semiconductor ETF | 0% | — | Unchanged |
| 36 | RDVY | First Trust Rising Dividend | 0% | +1.68% | Add |
| 37 | NFLX | Netflix Inc | -0.1% | -16.29% | Trim |
| 38 | KRE | Ss Spdr S&p Regional Bank | -0.1% | +0.36% | Add |
| 39 | PID | Invesco International Divide | -0.1% | -5.46% | Trim |
| 40 | BOND | Pimco Active Bond Exchange-t | -0.1% | -3.12% | Trim |
| 41 | VCIT | Vanguard Int-term Corporate | -0.1% | +3.28% | Add |
| 42 | OAKI | Oakmark International Lc ETF | -0.1% | +0.49% | Add |
| 43 | TSLA | Tesla Inc | -0.1% | — | Unchanged |
| 44 | BA | Boeing Co/the | -0.1% | -0.29% | Trim |
| 45 | SPTI | Ss Spdr P Int Term Tsy ETF | -0.2% | +2.93% | Add |
| 46 | QLD | Proshares Ultra Qqq | -0.2% | -41.32% | Trim |
| 47 | UCON | First Trust Smith Unconstrai | -0.3% | +1.36% | Add |
| 48 | SPTL | Ss Spdr Pf Lng Trm Tsy E-usd | -0.5% | +2.32% | Add |
| 49 | XOM | Exxon Mobil CORP | -0.6% | EXIT | Sold out |
Filing History
FAQ
What is Appalachian Capital Management Ltd and what type of investor is it?
Appalachian Capital Management Ltd is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $139.4M, spread across 48 disclosed positions.
What are Appalachian Capital Management Ltd's largest equity positions?
Based on the latest 13F filing, Appalachian Capital Management Ltd's top holdings by market value are:
1. Schwab US Broad Market ETF (SCHB) — $46.2M (33.1%)
2. Schwab US Dvd Equity ETF (SCHD) — $10.5M (7.5%)
3. Ss Spdr P Int Term Tsy ETF (SPTI) — $9.6M (6.8%)
4. Oakmark US Large Cap ETF (OAKM) — $9.0M (6.5%)
5. Oakmark International Lc ETF (OAKI) — $8.8M (6.3%)
What changes did Appalachian Capital Management Ltd make in its most recent portfolio filing?
In the latest reported quarter, Appalachian Capital Management Ltd made 39 notable position adjustments: 6 new positions were initiated, 22 existing holdings were added to, 10 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: Meta Platforms Inc-class A (META); New buy: Bp Plc-spons Adr (BP)
What sectors does Appalachian Capital Management Ltd focus on?
Appalachian Capital Management Ltd is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 33.2%
• Consumer Discretionary: 18.1%
• Energy: 16.0%
• Communication Services: 13.3%
• Industrials: 11.7%
• Health Care: 7.7%
Investment Profile
Appalachian Capital Management Ltd returned an annualized 10.3% over the trailing 8 months — underperforming the S&P 500 by 3.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.69 (less volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 33.2% of the portfolio concentrated in Information Technology.
It has added to its SCHB position over the past two quarters (+$6.7M, now $46.2M), while trimming SPTL over the same stretch (-$656.3K, still holding $8.6M).
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