BI
Baer Investment Advisory LLC Quarterly 13F Portfolio Update (Q3 2026)
Baer Investment Advisory LLCCIK: 0002057153
Diversified strategyMomentum followerSector-focused
Total reported value
$126.0M
Reporting period: 2026-09-30 · Number of holdings: 65
Baer Investment Advisory LLC disclosed 65 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $126.0M and a quarterly turnover rate of 70.8%.
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Personality snowflake
- Concentration
- 15.39
- Portfolio Stability
- 70.76
- Momentum
- 100
- Sector conviction
- 86.98
- Diversification
- 100
- Sizing Uniformity
- 87.65
Baer Investment Advisory LLC's disclosed holdings carry a Herfindahl concentration index of 0.038 — mathematically equivalent to about 26 equally-sized positions, well below its 65 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 1.23), 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 2.1 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy VOO
Trim TSM
-70.0% -$7.9M
Trim NVDA
-5.1% -$7.0M
New buy TSM
New buy MSFT
Trim IBM
-90.1% -$5.5M
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 | VEEV | Veeva Systems Inc-class A | Stock-Healthcare | 7.55% | +1.58% | -9.19% | |
| 2 | VOO | Vanguard S&P 500 ETF | ETF-Large Cap & Growth | 7.48% | +7.48% | NEW | |
| 3 | TSM | Taiwan Semiconductor Manufacturing Company Limited | Stock-Tech | 5.37% | +5.37% | NEW | |
| 4 | MSFT | Microsoft Corporation | Stock-Tech | 5.23% | +5.23% | NEW | |
| 5 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 5.01% | -0.63% | -1.45% | |
| 6 | DE | Deere & Co | Stock-Industrials | 4.45% | -0.30% | -2.32% | |
| 7 | RACE | Ferrari N.V. | Stock-Consumer Disc | 4.23% | -0.10% | -1.73% | |
| 8 | AAPL | Apple Inc | Stock-Tech | 3.83% | -0.23% | -4.26% | |
| 9 | TXN | Texas Instruments Inc | Stock-Tech | 3.80% | +0.66% | +36.06% | |
| 10 | APH | Amphenol Corp-cl A | Stock-Tech | 3.74% | -2.08% | +97.72% | |
| 11 | EME | Emcor Group Inc | Stock-Industrials | 3.71% | -0.54% | -1.88% | |
| 12 | NVDA | Nvidia CORP | Stock-Tech | 3.67% | -6.07% | -5.09% | |
| 13 | ADI | Analog Devices Inc | Stock-Tech | 3.23% | -0.14% | -0.88% | |
| 14 | ECL | Ecolab Inc | Stock-Materials | 3.22% | -0.23% | -0.28% | |
| 15 | SHOP | Shopify Inc - Class A | Stock-Tech | 3.19% | -0.18% | +59.00% | |
| 16 | CW | Curtiss-wright CORP | Stock-Industrials | 2.72% | -2.33% | -20.76% | |
| 17 | CDNS | Cadence Design Sys Inc | Stock-Tech | 2.61% | -2.05% | -1.97% | |
| 18 | URI | United Rentals Inc | Stock-Industrials | 2.38% | -1.60% | -3.08% | |
| 19 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 2.04% | +2.04% | NEW | |
| 20 | SHOP | Shopify Inc. | Stock-Tech | 2.03% | +2.03% | NEW | |
| 21 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 1.77% | -0.24% | -0.24% | |
| 22 | EPD | Enterprise Products Partners | Stock-Energy | 1.68% | -0.16% | -1.64% | |
| 23 | MSFT | Microsoft CORP | Stock-Tech | 1.56% | -2.70% | -5.34% | |
| 24 | HUBB | Hubbell Inc | Stock-Industrials | 1.55% | +1.55% | NEW | |
| 25 | IBM | International Business Machines Corporation | Stock-Tech | 1.41% | +1.41% | NEW | |
| 26 | NFLX | Netflix Inc | Stock-Comm Services | 1.37% | -1.62% | -2.77% | |
| 27 | ✓ | Amphenol CORP New | Stock-Other | 1.31% | +1.31% | NEW | |
| 28 | INTU | Intuit Inc. | Stock-Tech | 1.09% | +1.09% | NEW | |
| 29 | TMO | Thermo Fisher Scientific Inc. | Stock-Healthcare | 1.06% | +1.06% | NEW | |
| 30 | NFLX | Netflix, Inc. | Stock-Comm Services | 1.05% | +1.05% | NEW | |
| 31 | HD | Home Depot Inc | Stock-Consumer Disc | 0.92% | -0.28% | -0.37% | |
| 32 | ✓ | Cadence Design System Inc | Stock-Other | 0.77% | +0.77% | NEW | |
| 33 | URI | United Rentals, Inc. | Stock-Industrials | 0.75% | +0.75% | NEW | |
| 34 | AAPL | Apple Inc. | Stock-Tech | 0.63% | +0.63% | NEW | |
| 35 | INTU | Intuit Inc | Stock-Tech | 0.55% | -1.23% | +1.13% | |
| 36 | VEEV | Veeva Systems Inc. | Stock-Healthcare | 0.53% | +0.53% | NEW | |
| 37 | ✓ | Costar Group Inc | Stock-Other | 0.49% | +0.49% | NEW | |
| 38 | ✓ | Amazon Com Inc | Stock-Other | 0.36% | +0.36% | NEW | |
| 39 | DE | Deere & Company | Stock-Industrials | 0.29% | +0.29% | NEW | |
| 40 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.24% | -0.57% | -69.23% | |
| 41 | IBM | Intl Business Machines CORP | Stock-Tech | 0.19% | -4.58% | -90.07% | |
| 42 | VRT | Vertiv Holdings Co | Stock-Industrials | 0.15% | +0.15% | NEW | |
| 43 | ✓ | Invesco QQQ Tr Put Option 06/2 | Stock-Other | 0.12% | +0.12% | NEW | |
| 44 | CSGP | Costar Group Inc | Stock-Real Estate | 0.11% | -0.75% | +239.55% | |
| 45 | TXN | Texas Instruments Incorporated | Stock-Tech | 0.10% | +0.10% | NEW | |
| 46 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.10% | +0.10% | NEW | |
| 47 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.06% | -6.60% | -69.98% | |
| 48 | AVGO | Broadcom Inc | Stock-Tech | 0.05% | +0.05% | NEW | |
| 49 | SNAP | Snap Inc - A | Stock-Comm Services | 0.04% | — | — | |
| 50 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.04% | +0.04% | NEW |
1–50 of 65
Portfolio Performance
Performance for Q4 2026
+3.9%
Performance Last 4 Quarters
+9.1%
- Stdev
- +14.5%
- Beta
- +1.02
- Alpha
- -4.3%
- Max Drawdown
- -6.7%
- Annualized Perf
- +14.2%
- Batting Avg vs S&P
- +40%
- Sortino
- +2.3
- Stutzer
- +0.31
- Treynor
- +0.14
- Sterling
- +0.92
- Calmar
- +2.14
- Information Ratio
- -0.61
- Tracking Error
- +6.6%
- Stdev Down
- +6.2%
- Winning Months %
- +50%
- Losing Months %
- +50%
- Best 12 Months
- +27.2%
- Worst 12 Months
- +5.6%
- Efficiency Ratio
- +0.41
- Sharpe
- +0.99
- Stdev Sectors
- +13.5%
- Skewness
- +0.82
- Kurtosis
- +0.48
- Upside Potential
- +4.06
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Baer Investment Advisory LLC's most significant position changes for 2026-09-30: New buy: Vanguard S&P 500 ETF (VOO); New buy: Taiwan Semiconductor Manufacturing Company Limited (TSM); New buy: Microsoft Corporation (MSFT); New buy: Costco Wholesale CORP (COST); New buy: Shopify Inc. (SHOP).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&P 500 ETF | +7.5% | NEW | New buy |
| 2 | TSM | Taiwan Semiconductor Manufacturing Company Limited | +5.4% | NEW | New buy |
| 3 | MSFT | Microsoft Corporation | +5.2% | NEW | New buy |
| 4 | COST | Costco Wholesale CORP | +2% | NEW | New buy |
| 5 | SHOP | Shopify Inc. | +2% | NEW | New buy |
| 6 | VEEV | Veeva Systems Inc-class A | +1.6% | -9.19% | Trim |
| 7 | HUBB | Hubbell Inc | +1.6% | NEW | New buy |
| 8 | IBM | International Business Machines Corporation | +1.4% | NEW | New buy |
| 9 | ✓ | Amphenol CORP New | +1.3% | NEW | New buy |
| 10 | INTU | Intuit Inc. | +1.1% | NEW | New buy |
| 11 | TMO | Thermo Fisher Scientific Inc. | +1.1% | NEW | New buy |
| 12 | NFLX | Netflix, Inc. | +1.1% | NEW | New buy |
| 13 | ✓ | Cadence Design System Inc | +0.8% | NEW | New buy |
| 14 | URI | United Rentals, Inc. | +0.8% | NEW | New buy |
| 15 | TXN | Texas Instruments Inc | +0.7% | +36.06% | Add |
| 16 | AAPL | Apple Inc. | +0.6% | NEW | New buy |
| 17 | VEEV | Veeva Systems Inc. | +0.5% | NEW | New buy |
| 18 | ✓ | Costar Group Inc | +0.5% | NEW | New buy |
| 19 | ✓ | Amazon Com Inc | +0.4% | NEW | New buy |
| 20 | DE | Deere & Company | +0.3% | NEW | New buy |
| 21 | VRT | Vertiv Holdings Co | +0.2% | NEW | New buy |
| 22 | ✓ | Invesco QQQ Tr Put Option 06/2 | +0.1% | NEW | New buy |
| 23 | TXN | Texas Instruments Incorporated | +0.1% | NEW | New buy |
| 24 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | NEW | New buy |
| 25 | AVGO | Broadcom Inc | +0.1% | NEW | New buy |
| 26 | IVV | Ishares Core S&p 500 ETF | 0% | NEW | New buy |
| 27 | PANW | Palo Alto Networks Inc | 0% | NEW | New buy |
| 28 | BWA | Borgwarner Inc | 0% | NEW | New buy |
| 29 | AES | Aes CORP | 0% | NEW | New buy |
| 30 | BA | Boeing Co/the | 0% | NEW | New buy |
| 31 | GOOGL | Alphabet Inc-cl A | 0% | NEW | New buy |
| 32 | MA | Mastercard Inc - A | 0% | NEW | New buy |
| 33 | VTI | Vanguard Total Stock Mkt ETF | 0% | NEW | New buy |
| 34 | NVDA | NVIDIA Corporation | 0% | NEW | New buy |
| 35 | JPM | Jpmorgan Chase & Co | 0% | NEW | New buy |
| 36 | AMD | Advanced Micro Devices | 0% | NEW | New buy |
| 37 | WM | Waste Management Inc | 0% | NEW | New buy |
| 38 | SNAP | Snap Inc - A | — | — | Unchanged |
| 39 | ADI | Analog Devices, Inc. | — | NEW | New buy |
| 40 | OGN | Organon & Co | — | NEW | New buy |
| 41 | OMEX | Odyssey Marine Exploration | — | NEW | New buy |
| 42 | SCLX | Scilex Holding Co | — | NEW | New buy |
| 43 | RACE | Ferrari N.V. | -0.1% | -1.73% | Trim |
| 44 | ADI | Analog Devices Inc | -0.1% | -0.88% | Trim |
| 45 | EPD | Enterprise Products Partners | -0.2% | -1.64% | Trim |
| 46 | VRT | Vertiv Holdings Co-a | -0.2% | EXIT | Sold out |
| 47 | SHOP | Shopify Inc - Class A | -0.2% | +59.00% | Add |
| 48 | ECL | Ecolab Inc | -0.2% | -0.28% | Trim |
| 49 | AAPL | Apple Inc | -0.2% | -4.26% | Trim |
| 50 | TMO | Thermo Fisher Scientific Inc | -0.2% | -0.24% | Trim |
1–50 of 67
Filing History
FAQ
What is Baer Investment Advisory LLC and what type of investor is it?
Baer Investment Advisory LLC 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 $126.0M, spread across 65 disclosed positions.
What are Baer Investment Advisory LLC's largest equity positions?
Based on the latest 13F filing, Baer Investment Advisory LLC's top holdings by market value are:
1. Veeva Systems Inc-class A (VEEV) — $9.5M (7.5%)
2. Vanguard S&P 500 ETF (VOO) — $9.4M (7.5%)
3. Taiwan Semiconductor Manufacturing Company Limited (TSM) — $6.8M (5.4%)
4. Microsoft Corporation (MSFT) — $6.6M (5.2%)
5. Amazon.com Inc (AMZN) — $6.3M (5.0%)
What changes did Baer Investment Advisory LLC make in its most recent portfolio filing?
In the latest reported quarter, Baer Investment Advisory LLC made 66 notable position adjustments: 39 new positions were initiated, 5 existing holdings were added to, 20 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Vanguard S&P 500 ETF (VOO); New buy: Taiwan Semiconductor Manufacturing Company Limited (TSM); New buy: Microsoft Corporation (MSFT); New buy: Costco Wholesale CORP (COST); New buy: Shopify Inc. (SHOP)
What sectors does Baer Investment Advisory LLC focus on?
Baer Investment Advisory LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 47.6%
• Industrials: 18.0%
• Health Care: 12.3%
• Consumer Discretionary: 11.4%
• Materials: 3.6%
• Communication Services: 2.8%
Investment Profile
Baer Investment Advisory LLC returned an annualized 14.2% over the trailing 20 months — underperforming the S&P 500 by 4.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.02 (roughly in line with the market) and a 40% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 47.6% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 45 to 71 over the past 4 quarters — a shift toward more active trading.
It has added to its ADI position over the past two quarters (+$3.8M, now $4.1M), while trimming NVDA over the same stretch (-$14.1M, still holding $4.6M).
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