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Appalachian Capital Management Ltd 13F Filing (Q2 2026) — Top Positions & Stock Picks
Appalachian Capital Management LtdCIK: 0002111450
Momentum followerLong-term holderQuality / disciplined sizing
Total reported value
$137.9M
Reporting period: 2026-06-30 · Number of holdings: 43
Appalachian Capital Management Ltd disclosed 43 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $137.9M and a quarterly turnover rate of 11.5%.
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Personality snowflake
- Concentration
- 57.11
- Portfolio Stability
- 11.53
- Momentum
- 100
- Sector conviction
- 56.53
- Diversification
- 86
- Sizing Uniformity
- 77.06
Appalachian Capital Management Ltd's disclosed holdings carry a Herfindahl concentration index of 0.143 — mathematically equivalent to about 7 equally-sized positions, well below its 43 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 2.29), 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 3.4 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 6% 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.govAdd SCHB
+0.2% $6.2M
Add QQQM
+1.2% $1.8M
Trim SPTL
+0.1% -$13.1K
Trim SPTI
+1.5% $55.6K
Trim UCON
+0.7% $100.1K
Add QQQ
-0.1% $900.9K
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 | 33.14% | +1.52% | +0.24% | |
| 2 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 7.35% | -0.30% | +2.60% | |
| 3 | SPTI | Ss Spdr P Int Term Tsy ETF | ETF-Other | 7.00% | -0.69% | +1.54% | |
| 4 | SPTL | Ss Spdr Pf Lng Trm Tsy E-usd | ETF-Other | 6.70% | -0.70% | +0.12% | |
| 5 | UCON | First Trust Smith Unconstrai | ETF-Other | 6.54% | -0.60% | +0.68% | |
| 6 | OAKI | Oakmark International Lc ETF | ETF-Other | 6.38% | -0.14% | +0.91% | |
| 7 | OAKM | Oakmark US Large Cap ETF | ETF-Large Cap & Growth | 6.23% | -0.28% | +3.30% | |
| 8 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 5.83% | +0.84% | +1.20% | |
| 9 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 3.04% | +0.41% | -0.12% | |
| 10 | XLF | Ss Financial Select Sector | ETF-Other | 2.08% | -0.05% | -0.74% | |
| 11 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 1.97% | -0.29% | -3.48% | |
| 12 | RDVY | First Trust Rising Dividend | ETF-Other | 1.41% | +0.12% | +2.28% | |
| 13 | BA | Boeing Co/the | Stock-Industrials | 0.92% | — | +1.73% | |
| 14 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.73% | +0.04% | +2.43% | |
| 15 | BOND | Pimco Active Bond Exchange-t | ETF-Other | 0.65% | -0.07% | -0.70% | |
| 16 | KRE | Ss Spdr S&p Regional Bank | ETF-Other | 0.65% | +0.03% | +0.34% | |
| 17 | XOM | Exxon Mobil CORP | Stock-Energy | 0.57% | -0.20% | +1.56% | |
| 18 | AMD | Advanced Micro Devices | Stock-Tech | 0.56% | +0.34% | — | |
| 19 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.54% | +0.02% | +1.65% | |
| 20 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.50% | +0.30% | +122.73% | |
| 21 | PID | Invesco International Divide | ETF-Other | 0.48% | -0.05% | -0.37% | |
| 22 | NVDA | Nvidia CORP | Stock-Tech | 0.47% | +0.02% | +0.12% | |
| 23 | QLD | Proshares Ultra Qqq | ETF-Other | 0.44% | +0.08% | -14.11% | |
| 24 | FVD | First Trust Value Line Dvd | ETF-Other | 0.43% | -0.04% | +0.12% | |
| 25 | SCHZ | Schwab US Aggregate Bond ETF | ETF-Other | 0.43% | -0.04% | +0.20% | |
| 26 | SPLV | Invesco S&p 500 Low Volatili | ETF-Large Cap & Growth | 0.41% | -0.03% | +0.51% | |
| 27 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 0.40% | +0.17% | — | |
| 28 | VLO | Valero Energy CORP | Stock-Energy | 0.40% | -0.02% | — | |
| 29 | UBCP | United Bancorp Inc/ohio | Stock-Other | 0.38% | -0.03% | +0.04% | |
| 30 | SOXX | Ishares Semiconductor ETF | ETF-Other | 0.32% | +0.14% | — | |
| 31 | BITB | Bitwise Bitcoin ETF | ETF-Crypto | 0.32% | +0.07% | +63.79% | |
| 32 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.32% | +0.05% | +0.28% | |
| 33 | XLK | Ss Technology Select Sector | ETF-Tech | 0.28% | +0.07% | +0.10% | |
| 34 | GTO | Invesco Total Return Bond Et | ETF-Other | 0.27% | -0.03% | +0.96% | |
| 35 | CVX | Chevron CORP | Stock-Energy | 0.27% | -0.10% | — | |
| 36 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.25% | — | — | |
| 37 | MSFT | Microsoft CORP | Stock-Tech | 0.25% | -0.02% | +0.33% | |
| 38 | NFLX | Netflix Inc | Stock-Comm Services | 0.25% | -0.12% | -1.30% | |
| 39 | WSBC | Wesbanco Inc | Stock-Other | 0.23% | -0.14% | -38.67% | |
| 40 | SCHA | Schwab US Small-cap ETF | ETF-Other | 0.20% | +0.02% | -4.20% | |
| 41 | VTRS | Viatris Inc | Stock-Healthcare | 0.19% | +0.01% | +0.72% | |
| 42 | VT | Vanguard Tot World Stk ETF | ETF-Other | 0.19% | +0.01% | — | |
| 43 | EONR | Eon Resources Inc | Stock-Other | 0.01% | — | — |
Portfolio Performance
Performance for Q3 2026
+2.7%
Performance Last 4 Quarters
+8.4%
- Stdev
- +12.6%
- Beta
- +0.67
- Alpha
- +0.5%
- Max Drawdown
- -0.1%
- Annualized Perf
- +17.6%
- Batting Avg vs S&P
- +66.7%
- Sortino
- +2.92
- Stutzer
- +0.42
- Treynor
- +0.25
- Sterling
- —
- Calmar
- +142.62
- Information Ratio
- -1.17
- Tracking Error
- +6.6%
- Stdev Down
- +5.8%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.5
- Sharpe
- +1.35
- Stdev Sectors
- +6%
- Skewness
- -0.12
- Kurtosis
- -0.72
- Upside Potential
- +4.38
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 2026-06-30: Sold out: Bp Plc-spons Adr (BP); Sold out: United Bankshares Inc (UBSI); Add: Schwab US Broad Market ETF (SCHB) — shares +0.24%; Add: Invesco Nasdaq 100 ETF (QQQM) — shares +1.20%; Add: Ss Spdr Pf Lng Trm Tsy E-usd (SPTL) — shares +0.12%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SCHB | Schwab US Broad Market ETF | +1.5% | +0.24% | Add |
| 2 | QQQM | Invesco Nasdaq 100 ETF | +0.8% | +1.20% | Add |
| 3 | QQQ | Invesco Qqq Trust Series 1 | +0.4% | -0.12% | Trim |
| 4 | AMD | Advanced Micro Devices | +0.3% | — | Unchanged |
| 5 | GOOG | Alphabet Inc-cl C | +0.3% | +122.73% | Add |
| 6 | CRWD | Crowdstrike Holdings Inc - A | +0.2% | — | Unchanged |
| 7 | SOXX | Ishares Semiconductor ETF | +0.1% | — | Unchanged |
| 8 | RDVY | First Trust Rising Dividend | +0.1% | +2.28% | Add |
| 9 | QLD | Proshares Ultra Qqq | +0.1% | -14.11% | Trim |
| 10 | BITB | Bitwise Bitcoin ETF | +0.1% | +63.79% | Add |
| 11 | XLK | Ss Technology Select Sector | +0.1% | +0.10% | Add |
| 12 | LLY | Eli Lilly & Co | +0.1% | +0.28% | Add |
| 13 | AMZN | Amazon.com Inc | 0% | +2.43% | Add |
| 14 | KRE | Ss Spdr S&p Regional Bank | 0% | +0.34% | Add |
| 15 | TSLA | Tesla Inc | 0% | +1.65% | Add |
| 16 | NVDA | Nvidia CORP | 0% | +0.12% | Add |
| 17 | SCHA | Schwab US Small-cap ETF | 0% | -4.20% | Trim |
| 18 | VTRS | Viatris Inc | 0% | +0.72% | Add |
| 19 | VT | Vanguard Tot World Stk ETF | 0% | — | Unchanged |
| 20 | BA | Boeing Co/the | — | +1.73% | Add |
| 21 | DIA | Ss Spdr Dow Jones Indus Avg | — | — | Unchanged |
| 22 | EONR | Eon Resources Inc | — | — | Unchanged |
| 23 | VLO | Valero Energy CORP | 0% | — | Unchanged |
| 24 | MSFT | Microsoft CORP | 0% | +0.33% | Add |
| 25 | UBCP | United Bancorp Inc/ohio | 0% | +0.04% | Add |
| 26 | SPLV | Invesco S&p 500 Low Volatili | 0% | +0.51% | Add |
| 27 | GTO | Invesco Total Return Bond Et | 0% | +0.96% | Add |
| 28 | FVD | First Trust Value Line Dvd | 0% | +0.12% | Add |
| 29 | SCHZ | Schwab US Aggregate Bond ETF | 0% | +0.20% | Add |
| 30 | XLF | Ss Financial Select Sector | -0.1% | -0.74% | Trim |
| 31 | PID | Invesco International Divide | -0.1% | -0.37% | Trim |
| 32 | BOND | Pimco Active Bond Exchange-t | -0.1% | -0.70% | Trim |
| 33 | CVX | Chevron CORP | -0.1% | — | Unchanged |
| 34 | NFLX | Netflix Inc | -0.1% | -1.30% | Trim |
| 35 | OAKI | Oakmark International Lc ETF | -0.1% | +0.91% | Add |
| 36 | WSBC | Wesbanco Inc | -0.1% | -38.67% | Trim |
| 37 | UBSI | United Bankshares Inc | -0.2% | EXIT | Sold out |
| 38 | BP | Bp Plc-spons Adr | -0.2% | EXIT | Sold out |
| 39 | XOM | Exxon Mobil CORP | -0.2% | +1.56% | Add |
| 40 | OAKM | Oakmark US Large Cap ETF | -0.3% | +3.30% | Add |
| 41 | VCIT | Vanguard Int-term Corporate | -0.3% | -3.48% | Trim |
| 42 | SCHD | Schwab US Dvd Equity ETF | -0.3% | +2.60% | Add |
| 43 | UCON | First Trust Smith Unconstrai | -0.6% | +0.68% | Add |
| 44 | SPTI | Ss Spdr P Int Term Tsy ETF | -0.7% | +1.54% | Add |
| 45 | SPTL | Ss Spdr Pf Lng Trm Tsy E-usd | -0.7% | +0.12% | Add |
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 (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $137.9M, spread across 43 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) — $45.7M (33.1%)
2. Schwab US Dvd Equity ETF (SCHD) — $10.1M (7.3%)
3. Ss Spdr P Int Term Tsy ETF (SPTI) — $9.7M (7.0%)
4. Ss Spdr Pf Lng Trm Tsy E-usd (SPTL) — $9.2M (6.7%)
5. First Trust Smith Unconstrai (UCON) — $9.0M (6.5%)
What changes did Appalachian Capital Management Ltd make in its most recent portfolio filing?
In the latest reported quarter, Appalachian Capital Management Ltd made 37 notable position adjustments: 0 new positions were initiated, 26 existing holdings were added to, 9 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Bp Plc-spons Adr (BP); Sold out: United Bankshares Inc (UBSI); Add: Schwab US Broad Market ETF (SCHB) — shares +0.24%; Add: Invesco Nasdaq 100 ETF (QQQM) — shares +1.20%; Add: Ss Spdr Pf Lng Trm Tsy E-usd (SPTL) — shares +0.12%
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: 26.4%
• Consumer Discretionary: 20.0%
• Energy: 19.4%
• Industrials: 14.5%
• Communication Services: 11.8%
• Health Care: 8.0%
Investment Profile
Appalachian Capital Management Ltd returned an annualized 17.6% over the trailing 6 months — outperforming the S&P 500 by 0.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.67 (less volatile than the market) and a 67% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding.
It has added to its SCHD position over the past two quarters (+$1.9M, now $10.1M), while trimming WSBC over the same stretch (-$426.0K, still holding $322.7K).
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