BL
Balefire, LLC — 13F Portfolio Report & Top Holdings (Q2 2026)
Balefire, LLCCIK: 0001750924
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$612.9M
Reporting period: 2026-06-30 · Number of holdings: 475
Balefire, LLC disclosed 475 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $612.9M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 3.02
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 48.33
- Diversification
- 100
- Sizing Uniformity
- 83.89
Balefire, LLC's disclosed holdings carry a Herfindahl concentration index of 0.008 — mathematically equivalent to about 132 equally-sized positions, well below its 475 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 1.61), with a handful of outsized bets alongside many smaller positions.
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 37% 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.govTrim MINT
-93.5% -$9.0M
Add IVV
+244.6% $9.8M
Add SPYM
+69.7% $7.6M
Add DYNF
+595.2% $5.5M
Add IVW
+430.3% $5.3M
Add MU
-11.3% $5.2M
Holdings Map
New buyAddUnchangedTrim
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 475 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 2.54% | +1.03% | +69.66% | |
| 2 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 2.15% | +1.52% | +244.65% | |
| 3 | NVDA | Nvidia CORP | Stock-Tech | 2.12% | -0.11% | -4.00% | |
| 4 | SPTM | Ss Spdr P S&p 1500 Comp ETF | ETF-Other | 1.96% | -0.12% | -5.43% | |
| 5 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 1.94% | -0.03% | -1.11% | |
| 6 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.94% | +0.08% | -5.44% | |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.92% | -0.20% | -8.67% | |
| 8 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 1.79% | -0.31% | -1.66% | |
| 9 | SDY | Ss Spdr S&p Dividend ETF | ETF-Other | 1.68% | -0.28% | -5.12% | |
| 10 | AAPL | Apple Inc | Stock-Tech | 1.36% | +0.12% | +11.13% | |
| 11 | DE | Deere & Co | Stock-Industrials | 1.35% | -0.06% | -1.82% | |
| 12 | SPAB | Ss Spdr P Agg Bond ETF | ETF-Other | 1.30% | -0.33% | -7.43% | |
| 13 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 1.30% | -0.27% | -5.14% | |
| 14 | MU | Micron Technology Inc | Stock-Tech | 1.27% | +0.79% | -11.25% | |
| 15 | MSFT | Microsoft CORP | Stock-Tech | 1.17% | -0.22% | -3.39% | |
| 16 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.05% | +0.08% | +0.64% | |
| 17 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.03% | -0.13% | -1.03% | |
| 18 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 1.03% | -0.18% | -11.16% | |
| 19 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 1.02% | +0.84% | +430.27% | |
| 20 | DYNF | Ishrs US E F R A Etf-usd Inc | ETF-Other | 1.02% | +0.88% | +595.16% | |
| 21 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 0.99% | -0.20% | -4.38% | |
| 22 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | ETF-Other | 0.91% | +0.72% | +446.97% | |
| 23 | GLD | Spdr Gold Shares | ETF-Commodities | 0.88% | -0.33% | -1.81% | |
| 24 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.83% | +0.47% | +104.22% | |
| 25 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-Other | 0.83% | -0.25% | -19.58% | |
| 26 | AVGO | Broadcom Inc | Stock-Tech | 0.80% | +0.13% | +12.79% | |
| 27 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 0.77% | -0.45% | -26.80% | |
| 28 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.76% | +0.08% | +13.05% | |
| 29 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.74% | +0.13% | +12.38% | |
| 30 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.73% | +0.03% | +1.02% | |
| 31 | REM | Ishares Mortgage Real Estate | ETF-Other | 0.72% | -0.12% | -3.66% | |
| 32 | MBSF | Regan Floating Rate Mbs ETF | ETF-Other | 0.71% | -0.76% | -44.55% | |
| 33 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.70% | -0.11% | -6.00% | |
| 34 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.66% | -0.04% | -4.71% | |
| 35 | AMLP | Alerian Mlp ETF | ETF-Other | 0.65% | -0.10% | +1.88% | |
| 36 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.65% | -0.01% | +2.38% | |
| 37 | HBAN | Huntington Bancshares Inc | Stock-Financials | 0.64% | -0.02% | -0.31% | |
| 38 | SPEM | State Street Sp Ptf Em ETF | ETF-Other | 0.61% | -0.03% | +0.35% | |
| 39 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 0.60% | +0.49% | +462.70% | |
| 40 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.59% | +0.19% | +44.41% | |
| 41 | LNG | Cheniere Energy Inc | Stock-Energy | 0.58% | -0.22% | -1.28% | |
| 42 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-Large Cap & Growth | 0.57% | +0.12% | +37.78% | |
| 43 | XBI | Ss Spdr S&p Biotech ETF | ETF-Tech | 0.56% | +0.23% | +60.43% | |
| 44 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 0.55% | -0.05% | -13.63% | |
| 45 | WMB | Williams Cos Inc | Stock-Energy | 0.53% | -0.07% | -0.35% | |
| 46 | ETR | Entergy CORP | Stock-Utilities | 0.52% | -0.05% | +2.27% | |
| 47 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.51% | +0.02% | +13.22% | |
| 48 | CORO | Ish Intl Ctry Rot Act ETF | ETF-Other | 0.50% | +0.50% | NEW | |
| 49 | RDVY | First Trust Rising Dividend | ETF-Other | 0.49% | -0.03% | -8.15% | |
| 50 | JNK | Ss Spdr Bb High Yield Bond | ETF-High Yield | 0.48% | — | +15.33% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.3%
Performance Last 4 Quarters
+18.6%
- Stdev
- +10.1%
- Beta
- +0.71
- Alpha
- +1%
- Max Drawdown
- -5.1%
- Annualized Perf
- +15.7%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +2.96
- Stutzer
- +0.44
- Treynor
- +0.21
- Sterling
- +1.12
- Calmar
- +3.08
- Information Ratio
- -0.86
- Tracking Error
- +5.7%
- Stdev Down
- +5.1%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +25.7%
- Worst 12 Months
- +8.1%
- Efficiency Ratio
- +0.6
- Sharpe
- +1.5
- Stdev Sectors
- +8%
- Skewness
- -0.15
- Kurtosis
- -0.16
- Upside Potential
- +4.48
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 475 | $612.9M | 0 | ||
| 2026 Q1 | 439 | $530.7M | 37 | ||
| 2025 Q4 | 394 | $513.3M | 21 | ||
| 2025 Q3 | 394 | $501.2M | 65 | ||
| 2025 Q2 | 358 | $459.7M | 0 | ||
| 2025 Q1 | 205 | $291.8M | 100 | ||
| 2024 Q4 | 295 | $292.5M | 0 | ||
| 2024 Q3 | 245 | $296.2M | 0 | ||
| 2024 Q2 | 816 | $281.4M | 0 | ||
| 2024 Q1 | 818 | $277.4M | 0 | ||
| 2023 Q4 | 748 | $271.0M | 0 | ||
| 2023 Q3 | 700 | $233.2M | 0 | ||
| 2023 Q2 | 647 | $244.6M | 0 | ||
| 2023 Q1 | 141 | $226.7M | 0 | ||
| 2022 Q4 | 133 | $241.7M | 0 | ||
| 2022 Q3 | 96 | $208.0M | 0 | ||
| 2022 Q2 | 101 | $252.8M | 0 | ||
| 2022 Q1 | 90 | $216.0M | 0 | ||
| 2021 Q4 | 98 | $228.7M | 0 | ||
| 2021 Q3 | 99 | $224.2M | 0 | ||
| 2021 Q2 | 91 | $224.4M | 100 | ||
| 2021 Q1 | 113 | $208.7M | 54 | ||
| 2020 Q4 | 137 | $198.4M | 100 | ||
| 2020 Q3 | 126 | $231.7M | 22 | ||
| 2020 Q2 | 106 | $246.9M | 100 | ||
| 2020 Q1 | 115 | $213.6M | 100 | ||
| 2019 Q4 | 125 | $240.9M | 100 | ||
| 2019 Q3 | 132 | $364.8M | 13 | ||
| 2019 Q2 | 127 | $348.2M | 68 | ||
| 2019 Q1 | 127 | $355.9M | 67 | ||
| 2018 Q4 | 105 | $308.8M | — |
Holding changes this quarter
Balefire, LLC's most significant position changes for 2026-06-30: New buy: Ish Intl Ctry Rot Act ETF (CORO); New buy: Ishares Msci Acwi Ex US ETF (ACWX); New buy: Ishares Lrg Cp Cr Act Etf-ui (BLCR); Sold out: Ishares 7-10 Year Treasury B (IEF); New buy: Ishrs Sys Alt Act ETF (IALT).
Showing top 200 changes by size (of 528 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +1.5% | +244.65% | Add |
| 2 | SPYM | Ste Str Spdr Pt S&p 500 ETF | +1% | +69.66% | Add |
| 3 | DYNF | Ishrs US E F R A Etf-usd Inc | +0.9% | +595.16% | Add |
| 4 | IVW | Ishares S&p 500 Growth ETF | +0.8% | +430.27% | Add |
| 5 | MU | Micron Technology Inc | +0.8% | -11.25% | Trim |
| 6 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | +0.7% | +446.97% | Add |
| 7 | CORO | Ish Intl Ctry Rot Act ETF | +0.5% | NEW | New buy |
| 8 | IVE | Ishares S&p 500 Value ETF | +0.5% | +462.70% | Add |
| 9 | LLY | Eli Lilly & Co | +0.5% | +104.22% | Add |
| 10 | ACWX | Ishares Msci Acwi Ex US ETF | +0.4% | NEW | New buy |
| 11 | BAI | Ishrs Ai In And Tech Act ETF | +0.4% | +617.94% | Add |
| 12 | BLCR | Ishares Lrg Cp Cr Act Etf-ui | +0.4% | NEW | New buy |
| 13 | IALT | Ishrs Sys Alt Act ETF | +0.3% | NEW | New buy |
| 14 | GOVT | Ishares US Treasury Bond ETF | +0.3% | +269.87% | Add |
| 15 | MUB | Ishares National Muni Bond E | +0.3% | +253.99% | Add |
| 16 | VRIG | Invesco Variable Rate Invest | +0.3% | NEW | New buy |
| 17 | EWW | Ishares Msci Mexico ETF | +0.3% | NEW | New buy |
| 18 | IXJ | Ishares Global Healthcare Et | +0.3% | NEW | New buy |
| 19 | SCHZ | Schwab US Aggregate Bond ETF | +0.3% | NEW | New buy |
| 20 | AMD | Advanced Micro Devices | +0.3% | +1.78% | Add |
| 21 | THRO | Ishares U.s. Thematic Rotati | +0.3% | +537.80% | Add |
| 22 | MBB | Ishares Mbs ETF | +0.2% | +463.87% | Add |
| 23 | SPMO | Invesco S&p 500 Momentum ETF | +0.2% | NEW | New buy |
| 24 | XBI | Ss Spdr S&p Biotech ETF | +0.2% | +60.43% | Add |
| 25 | GGOV | Ishares Global Gb Usd Ha ETF | +0.2% | NEW | New buy |
| 26 | FLRN | Ss Spdr Bb Ig Float Rt ETF | +0.2% | NEW | New buy |
| 27 | AVEM | Avantis Emerging Markets Eq | +0.2% | NEW | New buy |
| 28 | JNJ | Johnson & Johnson | +0.2% | NEW | New buy |
| 29 | IEMG | Ishares Core Msci Emerging | +0.2% | +44.41% | Add |
| 30 | ENTG | Entegris Inc | +0.2% | +241.61% | Add |
| 31 | SHLD | Global X Defense Tech ETF | +0.2% | NEW | New buy |
| 32 | SLV | Ishares Silver Trust | +0.2% | NEW | New buy |
| 33 | EWU | Ishares Msci United Kingdom | +0.2% | NEW | New buy |
| 34 | EFG | Ishares Msci Eafe Growth ETF | +0.2% | +294.80% | Add |
| 35 | GLW | Corning Inc | +0.2% | +2.53% | Add |
| 36 | CDNS | Cadence Design Sys Inc | +0.2% | NEW | New buy |
| 37 | FANG | Diamondback Energy Inc | +0.2% | NEW | New buy |
| 38 | XTEN | Bondbloxx Bbg 10y US Tsy ETF | +0.1% | NEW | New buy |
| 39 | TSPA | T Rowe Price US Eqy Research | +0.1% | NEW | New buy |
| 40 | IYM | Ishares U.s. Basic Materials | +0.1% | NEW | New buy |
| 41 | USHY | Ishares Broad Usd High Yield | +0.1% | NEW | New buy |
| 42 | IOO | Ishares Global 100 ETF | +0.1% | NEW | New buy |
| 43 | LMUB | Ishares Lt National Muni Bd | +0.1% | NEW | New buy |
| 44 | AVGO | Broadcom Inc | +0.1% | +12.79% | Add |
| 45 | GOOGL | Alphabet Inc-cl A | +0.1% | +12.38% | Add |
| 46 | QCOM | Qualcomm Inc | +0.1% | +15.36% | Add |
| 47 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +62.43% | Add |
| 48 | AAPL | Apple Inc | +0.1% | +11.13% | Add |
| 49 | SPYV | Ss Spdr P S&p 500 Value ETF | +0.1% | +37.78% | Add |
| 50 | INTC | Intel CORP | +0.1% | +25.92% | Add |
1–50 of 200
Filing History
FAQ
What is Balefire, LLC and what type of investor is it?
Balefire, 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 (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $612.9M, spread across 475 disclosed positions.
What are Balefire, LLC's largest equity positions?
Based on the latest 13F filing, Balefire, LLC's top holdings by market value are:
1. Ste Str Spdr Pt S&p 500 ETF (SPYM) — $15.6M (2.5%)
2. Ishares Core S&p 500 ETF (IVV) — $13.2M (2.1%)
3. Nvidia CORP (NVDA) — $13.0M (2.1%)
4. Ss Spdr P S&p 1500 Comp ETF (SPTM) — $12.0M (2.0%)
5. Vanguard S&p 500 ETF (VOO) — $11.9M (1.9%)
What changes did Balefire, LLC make in its most recent portfolio filing?
In the latest reported quarter, Balefire, LLC made 200 notable position adjustments: 54 new positions were initiated, 64 existing holdings were added to, 47 positions were partially reduced, and 35 were completely exited. The largest of these moves: New buy: Ish Intl Ctry Rot Act ETF (CORO); New buy: Ishares Msci Acwi Ex US ETF (ACWX); New buy: Ishares Lrg Cp Cr Act Etf-ui (BLCR); Sold out: Ishares 7-10 Year Treasury B (IEF); New buy: Ishrs Sys Alt Act ETF (IALT)
What sectors does Balefire, LLC focus on?
Balefire, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 31.5%
• Industrials: 13.0%
• Health Care: 11.2%
• Financials: 10.7%
• Communication Services: 9.0%
• Energy: 7.6%
Investment Profile
Balefire, LLC returned an annualized 15.7% over the trailing 36 months — outperforming the S&P 500 by 1.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.71 (less volatile than the market) and a 36% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 31.5% of the portfolio concentrated in Information Technology.
It has added to its SPYM position over the past two quarters (+$7.8M, now $15.6M), while trimming SHY over the same stretch (-$6.2M, still holding $4.7M).
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Developer Access
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