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Bitterroot Capital Advisors LLC SEC 13F Filing (Q2 2026) — Holdings & Portfolio
Bitterroot Capital Advisors LLCCIK: 0002110106
Momentum followerSector-focusedLong-term holder
Total reported value
$166.0M
Reporting period: 2026-06-30 · Number of holdings: 53
BITTERROOT CAPITAL ADVISORS LLC disclosed 53 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $166.0M and a quarterly turnover rate of 15.7%.
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Personality snowflake
- Concentration
- 56.64
- Portfolio Stability
- 15.73
- Momentum
- 100
- Sector conviction
- 90.56
- Diversification
- 100
- Sizing Uniformity
- 74.25
Bitterroot Capital Advisors LLC's disclosed holdings carry a Herfindahl concentration index of 0.142 — mathematically equivalent to about 7 equally-sized positions, well below its 53 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 2.57), 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 2.5 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.govTrim SGOV
-21.3% -$11.7M
Add QUAL
+0.0% $3.8M
Add IWF
+300.0% $2.3M
Add IWD
0.0% $2.1M
Add IQLT
+0.4% $1.3M
Add SPY
+2.6% $1.0M
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 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 26.09% | -7.32% | -21.32% | |
| 2 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 18.44% | +2.19% | +0.01% | |
| 3 | IQLT | Ishares Msci International Q | ETF-Other | 11.34% | +0.73% | +0.44% | |
| 4 | IWD | Ishares Russell 1000 Value E | ETF-Other | 10.58% | +1.18% | — | |
| 5 | IWF | Ishares Russell 1000 Growth | ETF-Other | 9.63% | +1.30% | +300.00% | |
| 6 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 5.67% | +0.32% | +0.11% | |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 4.11% | +0.60% | +2.63% | |
| 8 | TSLA | Tesla Inc | Stock-Consumer Disc | 2.02% | +0.22% | -0.94% | |
| 9 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 1.42% | +0.12% | +0.15% | |
| 10 | MSCI | Msci Inc | Stock-Financials | 1.25% | +0.05% | +0.27% | |
| 11 | MDY | State Street Spdr S&p Midcap | ETF-Other | 1.24% | +0.14% | — | |
| 12 | EFA | Ishares Msci Eafe ETF | ETF-Other | 1.06% | +0.06% | — | |
| 13 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.75% | +0.20% | +13.30% | |
| 14 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.73% | +0.09% | +0.19% | |
| 15 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.70% | +0.08% | — | |
| 16 | PAGP | Plains Gp Holdings Lp-cl A | Stock-Energy | 0.61% | +0.01% | +1.70% | |
| 17 | EPD | Enterprise Products Partners | Stock-Energy | 0.53% | -0.01% | +1.41% | |
| 18 | ACWI | Ishares Msci Acwi ETF | ETF-Other | 0.52% | +0.06% | — | |
| 19 | WES | Western Midstream Partners L | Stock-Energy | 0.38% | +0.05% | +9.66% | |
| 20 | MPLX | Mplx LP | Stock-Energy | 0.33% | — | +1.94% | |
| 21 | NVDA | Nvidia CORP | Stock-Tech | 0.27% | -0.03% | -20.01% | |
| 22 | TOTL | Ss Doubleline Tr Tact ETF | ETF-Other | 0.24% | — | +0.94% | |
| 23 | GLD | Spdr Gold Shares | ETF-Commodities | 0.20% | -0.03% | — | |
| 24 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 0.19% | -0.03% | — | |
| 25 | FBTC | Fidelity Wise Origin Bitcoin | ETF-Crypto | 0.19% | -0.03% | — | |
| 26 | BSCU | Invesco Bulletshares 2030 Cb | ETF-Other | 0.15% | -0.02% | -7.99% | |
| 27 | MINE | Mayfair Gold CORP | Stock-Other | 0.15% | +0.15% | NEW | |
| 28 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.13% | +0.02% | +0.76% | |
| 29 | BSCT | Invesco Bulletshares 2029 Cb | ETF-Other | 0.12% | -0.11% | -47.12% | |
| 30 | SCHO | Schwab Short-term US Treas | ETF-Other | 0.11% | -0.01% | — | |
| 31 | SOC | Sable Offshore CORP | Stock-Other | 0.09% | +0.07% | +3100.00% | |
| 32 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.07% | +0.01% | — | |
| 33 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.07% | +0.01% | — | |
| 34 | HYFI | AB High Yield ETF | ETF-High Yield | 0.06% | — | +1.64% | |
| 35 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.06% | — | — | |
| 36 | SHV | Ishares 0-1 Year Treasury Bo | ETF-Gov Bonds | 0.06% | — | — | |
| 37 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.05% | — | — | |
| 38 | BSJT | Invesco Bulletshares 2029 Hy | ETF-Other | 0.05% | — | +1.65% | |
| 39 | EWC | Ishares Msci Canada ETF | ETF-Other | 0.05% | — | — | |
| 40 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 0.05% | — | — | |
| 41 | CBSH | Commerce Bancshares Inc | Stock-Financials | 0.05% | +0.01% | — | |
| 42 | MO | Altria Group Inc | Stock-Consumer Staples | 0.04% | +0.04% | NEW | |
| 43 | MU | Micron Technology Inc | Stock-Tech | 0.04% | +0.03% | -15.38% | |
| 44 | DBEF | Xtrackers Msci Eafe Hedged E | ETF-Other | 0.04% | +0.01% | — | |
| 45 | SCZ | Ishares Msci Eafe Small-cap | ETF-Other | 0.03% | — | — | |
| 46 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.03% | +0.01% | -21.43% | |
| 47 | BSJU | Invesco Bulletshares 2030 Hy | ETF-Other | 0.02% | +0.01% | +1.68% | |
| 48 | SOLS | Solstice Adv Materials Inc | Stock-Materials | 0.01% | — | — | |
| 49 | C | Citigroup Inc | Stock-Financials | — | — | — | |
| 50 | META | Meta Platforms Inc-class A | Stock-Comm Services | — | — | — |
1–50 of 53
Portfolio Performance
Performance for Q3 2026
+2.7%
Performance Last 4 Quarters
+6.5%
- Stdev
- +10.9%
- Beta
- +0.56
- Alpha
- -0.8%
- Max Drawdown
- 0%
- Annualized Perf
- +13.4%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.25
- Stutzer
- +0.37
- Treynor
- +0.23
- Sterling
- —
- Calmar
- —
- Information Ratio
- -1.34
- Tracking Error
- +8.6%
- Stdev Down
- +5.8%
- Winning Months %
- +83.3%
- Losing Months %
- +16.7%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.44
- Sharpe
- +1.2
- Stdev Sectors
- +14.9%
- Skewness
- -0.43
- Kurtosis
- -0.35
- Upside Potential
- +3.66
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Bitterroot Capital Advisors LLC's most significant position changes for 2026-06-30: New buy: Mayfair Gold CORP (MINE); Sold out: Honeywell International Inc (HON); New buy: Altria Group Inc (MO); Sold out: Microsoft CORP (MSFT); Sold out: Brookfield CORP (BN).
1–50 of 62
Filing History
FAQ
What is Bitterroot Capital Advisors LLC and what type of investor is it?
Bitterroot Capital Advisors 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 $166.0M, spread across 53 disclosed positions.
What are Bitterroot Capital Advisors LLC's largest equity positions?
Based on the latest 13F filing, Bitterroot Capital Advisors LLC's top holdings by market value are:
1. Ishares 0-3 Month Treasury B (SGOV) — $43.3M (26.1%)
2. Ishares Msci USA Quality Fac (QUAL) — $30.6M (18.4%)
3. Ishares Msci International Q (IQLT) — $18.8M (11.3%)
4. Ishares Russell 1000 Value E (IWD) — $17.6M (10.6%)
5. Ishares Russell 1000 Growth (IWF) — $16.0M (9.6%)
What changes did Bitterroot Capital Advisors LLC make in its most recent portfolio filing?
In the latest reported quarter, Bitterroot Capital Advisors LLC made 37 notable position adjustments: 2 new positions were initiated, 19 existing holdings were added to, 7 positions were partially reduced, and 9 were completely exited. The largest of these moves: New buy: Mayfair Gold CORP (MINE); Sold out: Honeywell International Inc (HON); New buy: Altria Group Inc (MO); Sold out: Microsoft CORP (MSFT); Sold out: Brookfield CORP (BN)
What sectors does Bitterroot Capital Advisors LLC focus on?
Bitterroot Capital Advisors LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 37.0%
• Energy: 32.9%
• Financials: 23.1%
• Information Technology: 5.6%
• Consumer Staples: 0.8%
• Health Care: 0.5%
Investment Profile
Bitterroot Capital Advisors LLC returned an annualized 13.4% over the trailing 6 months — underperforming the S&P 500 by 0.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.56 (less volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 37.0% of the portfolio concentrated in Consumer Discretionary.
Its turnover score has risen from 0 to 16 over the past 2 quarters — a shift toward more active trading.
It has added to its IWD position over the past two quarters (+$2.4M, now $17.6M), while trimming BSCT over the same stretch (-$179.8K, still holding $198.4K).
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