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Balefire, LLC — 13F Portfolio Report & Top Holdings (Q3 2026)
Balefire, LLCCIK: 0001750924
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$635.9M
Reporting period: 2026-09-30 · Number of holdings: 463
Balefire, LLC disclosed 463 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $635.9M and a quarterly turnover rate of 32.2%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "B"
Personality snowflake
- Concentration
- 3.46
- Portfolio Stability
- 32.16
- Momentum
- 100
- Sector conviction
- 52.6
- Diversification
- 100
- Sizing Uniformity
- 82.65
Balefire, LLC's disclosed holdings carry a Herfindahl concentration index of 0.009 — mathematically equivalent to about 116 equally-sized positions, well below its 463 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 1.73), 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 35% 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 IUSB
+113.5% $5.8M
Add SPYM
+35.2% $5.9M
Trim HYG
-58.7% -$4.8M
Add NVDA
+17.4% $4.4M
Add AAPL
+31.9% $4.3M
Add IVW
+52.8% $3.6M
Holdings Map
New buyAddUnchangedTrim
💡
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 463 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 | 3.38% | +0.84% | +35.17% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 2.74% | +0.62% | +17.44% | |
| 3 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 2.63% | +0.48% | +23.97% | |
| 4 | AAPL | Apple Inc | Stock-Tech | 1.98% | +0.62% | +31.89% | |
| 5 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 1.89% | -0.05% | -0.84% | |
| 6 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | ETF-Other | 1.78% | +0.87% | +113.51% | |
| 7 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.71% | -0.23% | -8.99% | |
| 8 | MSFT | Microsoft CORP | Stock-Tech | 1.65% | +0.48% | +6.15% | |
| 9 | SPTM | Ss Spdr P S&p 1500 Comp ETF | ETF-Other | 1.64% | -0.32% | -14.39% | |
| 10 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 1.56% | +0.54% | +52.79% | |
| 11 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.53% | -0.39% | -18.99% | |
| 12 | DYNF | Ishrs US E F R A Etf-usd Inc | ETF-Other | 1.51% | +0.49% | +51.03% | |
| 13 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 1.46% | -0.33% | -14.88% | |
| 14 | DE | Deere & Co | Stock-Industrials | 1.38% | +0.03% | -0.27% | |
| 15 | SDY | Ss Spdr S&p Dividend ETF | ETF-Other | 1.37% | -0.31% | -11.92% | |
| 16 | SPAB | Ss Spdr P Agg Bond ETF | ETF-Other | 1.14% | -0.16% | -4.44% | |
| 17 | MU | Micron Technology Inc | Stock-Tech | 1.00% | -0.27% | -11.19% | |
| 18 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 0.99% | +0.39% | +72.31% | |
| 19 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-Other | 0.99% | +0.16% | +24.40% | |
| 20 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.96% | -0.09% | -0.85% | |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.87% | -0.16% | -12.53% | |
| 22 | ACWX | Ishares Msci Acwi Ex US ETF | ETF-Other | 0.85% | +0.41% | +103.39% | |
| 23 | CORO | Ish Intl Ctry Rot Act ETF | ETF-Other | 0.84% | +0.34% | +77.25% | |
| 24 | GLD | Spdr Gold Shares | ETF-Commodities | 0.84% | -0.04% | -5.15% | |
| 25 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.82% | +0.06% | +7.81% | |
| 26 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.81% | -0.22% | -16.01% | |
| 27 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.80% | -0.03% | +3.19% | |
| 28 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 0.75% | -0.24% | -15.72% | |
| 29 | GOVT | Ishares US Treasury Bond ETF | ETF-Gov Bonds | 0.72% | +0.26% | +69.36% | |
| 30 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.71% | -0.03% | +3.94% | |
| 31 | SPEM | State Street Sp Ptf Em ETF | ETF-Other | 0.71% | +0.10% | +19.60% | |
| 32 | AVGO | Broadcom Inc | Stock-Tech | 0.70% | -0.10% | -2.58% | |
| 33 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 0.68% | -0.09% | -7.68% | |
| 34 | BAI | Ishrs Ai In And Tech Act ETF | ETF-Tech | 0.67% | +0.19% | +61.13% | |
| 35 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.66% | +0.07% | +17.90% | |
| 36 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.65% | -0.01% | +22.24% | |
| 37 | SHV | Ishares 0-1 Year Treasury Bo | ETF-Gov Bonds | 0.64% | +0.47% | +298.57% | |
| 38 | BLCR | Ishares Lrg Cp Cr Act Etf-ui | ETF-Other | 0.64% | +0.26% | +79.56% | |
| 39 | MINT | Pimco Enhanced Short Maturit | ETF-Other | 0.63% | +0.53% | +542.49% | |
| 40 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.63% | -0.10% | -8.93% | |
| 41 | AMLP | Alerian Mlp ETF | ETF-Other | 0.61% | -0.04% | -2.55% | |
| 42 | LNG | Cheniere Energy Inc | Stock-Energy | 0.60% | +0.02% | -3.87% | |
| 43 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.59% | -0.06% | -5.78% | |
| 44 | MBSF | Regan Floating Rate Mbs ETF | ETF-Other | 0.58% | -0.13% | -14.36% | |
| 45 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.58% | -0.12% | -14.32% | |
| 46 | MUB | Ishares National Muni Bond E | ETF-Other | 0.56% | +0.15% | +50.99% | |
| 47 | IALT | Ishrs Sys Alt Act ETF | ETF-Other | 0.56% | +0.22% | +60.23% | |
| 48 | HBAN | Huntington Bancshares Inc | Stock-Financials | 0.53% | -0.11% | +0.03% | |
| 49 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 0.52% | -0.03% | -4.05% | |
| 50 | REM | Ishares Mortgage Real Estate | ETF-Other | 0.52% | -0.20% | -9.81% |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
+2.3%
Performance Last 4 Quarters
+12.8%
- Stdev
- +10.3%
- Beta
- +0.74
- Alpha
- 0%
- Max Drawdown
- -5.1%
- Annualized Perf
- +17.8%
- Batting Avg vs S&P
- +33.3%
- Sortino
- +3.49
- Stutzer
- +0.49
- Treynor
- +0.23
- Sterling
- +1.23
- Calmar
- +3.49
- Information Ratio
- -1.04
- Tracking Error
- +5.7%
- Stdev Down
- +4.9%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +25.2%
- Worst 12 Months
- +6.3%
- Efficiency Ratio
- +0.68
- Sharpe
- +1.65
- Stdev Sectors
- +8.8%
- Skewness
- +0.06
- Kurtosis
- +0.43
- Upside Potential
- +4.94
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 463 | $635.9M | 32 | ||
| 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 2026-09-30: New buy: Invesco Nasdaq 100 ETF (QQQM); New buy: Invesco Agriculture Cmdtyk-1 (PDBA); Sold out: Invesco Variable Rate Invest (VRIG); Sold out: Wisdomtree Bbg Usd Bullish (USDU); Sold out: Ishares Msci Mexico ETF (EWW).
Showing top 200 changes by size (of 517 total)
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 (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $635.9M, spread across 463 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) — $21.5M (3.4%)
2. Nvidia CORP (NVDA) — $17.4M (2.7%)
3. Ishares Core S&p 500 ETF (IVV) — $16.7M (2.6%)
4. Apple Inc (AAPL) — $12.6M (2.0%)
5. Vanguard S&p 500 ETF (VOO) — $12.1M (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: 30 new positions were initiated, 56 existing holdings were added to, 70 positions were partially reduced, and 44 were completely exited. The largest of these moves: New buy: Invesco Nasdaq 100 ETF (QQQM); New buy: Invesco Agriculture Cmdtyk-1 (PDBA); Sold out: Invesco Variable Rate Invest (VRIG); Sold out: Wisdomtree Bbg Usd Bullish (USDU); Sold out: Ishares Msci Mexico ETF (EWW)
What sectors does Balefire, LLC focus on?
Balefire, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 34.2%
• Health Care: 11.8%
• Industrials: 11.5%
• Financials: 10.9%
• Communication Services: 8.4%
• Energy: 7.5%
Investment Profile
Balefire, LLC returned an annualized 17.8% over the trailing 36 months — underperforming the S&P 500 by 0.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.74 (less volatile than the market) and a 33% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 34.2% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 65 to 32 over the past 4 quarters — a shift toward longer holding periods.
It has added to its SPYM position over the past two quarters (+$13.5M, now $21.5M), while trimming HYG over the same stretch (-$5.2M, still holding $3.2M).
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