BA
Brave Asset Management Inc — 13F Portfolio Breakdown & Top Holdings (Q2 2026)
Brave Asset Management IncCIK: 0001085867
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$467.5M
Reporting period: 2026-06-30 · Number of holdings: 146
BRAVE ASSET MANAGEMENT INC disclosed 146 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $467.5M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 22.17
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 62.41
- Diversification
- 100
- Sizing Uniformity
- 73.28
Brave Asset Management Inc's disclosed holdings carry a Herfindahl concentration index of 0.055 — mathematically equivalent to about 18 equally-sized positions, well below its 146 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 2.67), 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 39% 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.govSold out IAU
Add XLK
+2.3% $16.6M
Trim AGG
-4.2% -$1.8M
Add GLW
0.0% $4.1M
Add ZD
0.0% $4.9M
Add EFV
+11.2% $8.0M
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 | EFV | Ishares Msci Eafe Value ETF | ETF-Other | 13.43% | +0.58% | +11.22% | |
| 2 | XLK | Ss Technology Select Sector | ETF-Tech | 11.15% | +2.82% | +2.29% | |
| 3 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 8.10% | -1.19% | -4.24% | |
| 4 | ZD | Ziff Davis Inc | Stock-Other | 5.27% | +0.65% | — | |
| 5 | AAPL | Apple Inc | Stock-Tech | 5.18% | — | -3.89% | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 5.12% | -0.55% | -13.96% | |
| 7 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 4.74% | +0.55% | +0.66% | |
| 8 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 4.67% | +0.22% | +0.05% | |
| 9 | JPM | Jpmorgan Chase & Co | Stock-Financials | 3.36% | +0.04% | -0.49% | |
| 10 | MSFT | Microsoft CORP | Stock-Tech | 3.23% | -0.24% | +1.27% | |
| 11 | XLV | Ss Health Care Select Sector | ETF-Other | 3.08% | +0.07% | +3.77% | |
| 12 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.33% | +0.16% | +2.63% | |
| 13 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 2.15% | +0.29% | +13.84% | |
| 14 | GLW | Corning Inc | Stock-Tech | 1.87% | +0.78% | — | |
| 15 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 1.83% | +0.04% | +4.07% | |
| 16 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 1.42% | -0.05% | +4.99% | |
| 17 | AXP | American Express Co | Stock-Financials | 1.09% | -0.05% | -6.34% | |
| 18 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.96% | +0.11% | -0.17% | |
| 19 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.89% | -0.04% | -0.36% | |
| 20 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 0.74% | -0.04% | +4.88% | |
| 21 | XOM | Exxon Mobil CORP | Stock-Energy | 0.71% | +0.43% | +239.89% | |
| 22 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 0.64% | -0.02% | -0.68% | |
| 23 | NVDA | Nvidia CORP | Stock-Tech | 0.58% | +0.06% | +6.39% | |
| 24 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 0.55% | +0.55% | NEW | |
| 25 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.47% | -0.07% | -6.99% | |
| 26 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.45% | +0.08% | — | |
| 27 | CSCO | Cisco Systems Inc | Stock-Tech | 0.42% | +0.08% | -11.24% | |
| 28 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.41% | +0.03% | — | |
| 29 | NOC | Northrop Grumman CORP | Stock-Industrials | 0.41% | -0.18% | +1.43% | |
| 30 | WTM | White Mountains Insurance Group, Ltd. | Stock-Financials | 0.41% | -0.07% | — | |
| 31 | ALL | Allstate CORP | Stock-Financials | 0.40% | +0.02% | — | |
| 32 | IBM | Intl Business Machines CORP | Stock-Tech | 0.40% | -0.01% | -8.80% | |
| 33 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.34% | -0.06% | -13.17% | |
| 34 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.33% | -0.05% | -9.37% | |
| 35 | BAC | Bank Of America CORP | Stock-Financials | 0.33% | -0.09% | -25.82% | |
| 36 | BX | Blackstone Inc | Stock-Financials | 0.31% | -0.02% | — | |
| 37 | YUM | Yum! Brands Inc | Stock-Consumer Disc | 0.29% | -0.02% | -0.10% | |
| 38 | VTV | Vanguard Value ETF | ETF-Other | 0.27% | +0.01% | — | |
| 39 | TXN | Texas Instruments Inc | Stock-Tech | 0.24% | +0.07% | — | |
| 40 | CRS | Carpenter Technology | Stock-Industrials | 0.23% | +0.07% | — | |
| 41 | CSX | Csx CORP | Stock-Industrials | 0.23% | +0.01% | — | |
| 42 | AMGN | Amgen Inc | Stock-Healthcare | 0.23% | -0.06% | -15.18% | |
| 43 | MMM | 3m Co | Stock-Industrials | 0.22% | — | — | |
| 44 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.22% | -0.03% | -4.30% | |
| 45 | AMD | Advanced Micro Devices | Stock-Tech | 0.22% | +0.14% | — | |
| 46 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.22% | -0.17% | -28.52% | |
| 47 | C | Citigroup Inc | Stock-Financials | 0.21% | — | -12.46% | |
| 48 | AMAT | Applied Materials Inc | Stock-Tech | 0.20% | +0.10% | — | |
| 49 | VLO | Valero Energy CORP | Stock-Energy | 0.20% | -0.01% | — | |
| 50 | APO | Apollo Global Management Inc | Stock-Financials | 0.20% | — | — |
1–50 of 146
Portfolio Performance
Performance for Q3 2026
+3.9%
Performance Last 4 Quarters
+24.3%
- Stdev
- +10.5%
- Beta
- +0.78
- Alpha
- +1.1%
- Max Drawdown
- -7.1%
- Annualized Perf
- +17.4%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +3.27
- Stutzer
- +0.46
- Treynor
- +0.21
- Sterling
- +1.15
- Calmar
- +2.47
- Information Ratio
- -0.8
- Tracking Error
- +4.1%
- Stdev Down
- +5.1%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +33.1%
- Worst 12 Months
- +4.7%
- Efficiency Ratio
- +0.62
- Sharpe
- +1.59
- Stdev Sectors
- +10.4%
- Skewness
- -0.1
- Kurtosis
- -0.4
- Upside Potential
- +4.89
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 146 | $467.5M | 0 | ||
| 2026 Q1 | 161 | $426.7M | 12 | ||
| 2025 Q4 | 168 | $424.8M | 8 | ||
| 2025 Q3 | 172 | $413.1M | 37 | ||
| 2025 Q2 | 169 | $370.9M | 0 | ||
| 2025 Q1 | 167 | $320.7M | 100 | ||
| 2024 Q4 | 165 | $315.1M | 0 | ||
| 2024 Q3 | 170 | $411.9M | 0 | ||
| 2024 Q2 | 159 | $392.6M | 0 | ||
| 2024 Q1 | 166 | $385.3M | 0 | ||
| 2023 Q4 | 158 | $355.6M | 0 | ||
| 2023 Q3 | 154 | $327.6M | 0 | ||
| 2023 Q2 | 152 | $341.1M | 0 | ||
| 2023 Q1 | 149 | $315.4M | 0 | ||
| 2022 Q4 | 149 | $295.8M | 0 | ||
| 2022 Q3 | 152 | $196.9M | 0 | ||
| 2022 Q2 | 147 | $223.7M | 0 | ||
| 2022 Q1 | 157 | $290.5M | 0 | ||
| 2021 Q4 | 156 | $365.4M | 0 | ||
| 2021 Q3 | 154 | $346.2M | 0 | ||
| 2021 Q2 | 157 | $339.9M | 93 | ||
| 2021 Q1 | 146 | $296.2M | 28 | ||
| 2020 Q4 | 140 | $263.3M | 54 | ||
| 2020 Q3 | 122 | $211.0M | 25 | ||
| 2020 Q2 | 118 | $191.3M | 37 | ||
| 2020 Q1 | 126 | $159.9M | 56 | ||
| 2019 Q4 | 160 | $192.8M | 19 | ||
| 2019 Q3 | 156 | $174.2M | 17 | ||
| 2019 Q2 | 148 | $178.1M | 29 | ||
| 2019 Q1 | 156 | $179.4M | 39 | ||
| 2018 Q4 | 152 | $148.7M | 75 | ||
| 2018 Q3 | 153 | $194.9M | 30 | ||
| 2018 Q2 | 155 | $172.1M | 40 | ||
| 2018 Q1 | 153 | $166.0M | 27 | ||
| 2017 Q4 | 190 | $192.0M | 27 | ||
| 2017 Q3 | 149 | $190.5M | 19 | ||
| 2017 Q2 | 151 | $187.7M | 24 | ||
| 2017 Q1 | 175 | $171.0M | 36 | ||
| 2016 Q4 | 157 | $156.3M | 34 | ||
| 2016 Q3 | 395 | $156.0M | 17 | ||
| 2016 Q2 | 409 | $149.5M | 19 | ||
| 2016 Q1 | 433 | $142.3M | 20 | ||
| 2015 Q4 | 441 | $147.9M | 22 | ||
| 2015 Q3 | 434 | $131.0M | 21 | ||
| 2015 Q2 | 442 | $143.1M | 14 | ||
| 2015 Q1 | 434 | $142.6M | 19 | ||
| 2014 Q4 | 441 | $139.5M | 17 | ||
| 2014 Q3 | 438 | $134.4M | 20 | ||
| 2014 Q2 | 442 | $141.8M | 23 | ||
| 2014 Q1 | 429 | $126.1M | 18 | ||
| 2013 Q4 | 431 | $125.0M | 0 |
Holding changes this quarter
Brave Asset Management Inc's most significant position changes for 2026-06-30: Sold out: Ishares Gold Trust (IAU); New buy: Ishares 1-3 Year Treasury Bo (SHY); Sold out: Honeywell International Inc (HON); Sold out: Ishares Preferred & Income S (PFF); New buy: Vanguard Esg Intl Stock ETF (VSGX).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XLK | Ss Technology Select Sector | +2.8% | +2.29% | Add |
| 2 | GLW | Corning Inc | +0.8% | — | Unchanged |
| 3 | ZD | Ziff Davis Inc | +0.7% | — | Unchanged |
| 4 | EFV | Ishares Msci Eafe Value ETF | +0.6% | +11.22% | Add |
| 5 | GOOG | Alphabet Inc-cl C | +0.6% | +0.66% | Add |
| 6 | SHY | Ishares 1-3 Year Treasury Bo | +0.6% | NEW | New buy |
| 7 | XOM | Exxon Mobil CORP | +0.4% | +239.89% | Add |
| 8 | VEU | Vanguard Ftse All-world Ex-u | +0.3% | +13.84% | Add |
| 9 | VOO | Vanguard S&p 500 ETF | +0.2% | +0.05% | Add |
| 10 | AMZN | Amazon.com Inc | +0.2% | +2.63% | Add |
| 11 | AMD | Advanced Micro Devices | +0.1% | — | Unchanged |
| 12 | GOOGL | Alphabet Inc-cl A | +0.1% | -0.17% | Trim |
| 13 | VSGX | Vanguard Esg Intl Stock ETF | +0.1% | NEW | New buy |
| 14 | AMAT | Applied Materials Inc | +0.1% | — | Unchanged |
| 15 | ✓ | +0.1% | NEW | New buy | |
| 16 | FLEX | Flex Ltd. | +0.1% | — | Unchanged |
| 17 | ✓ | +0.1% | NEW | New buy | |
| 18 | MU | Micron Technology Inc | +0.1% | NEW | New buy |
| 19 | INTC | Intel CORP | +0.1% | NEW | New buy |
| 20 | CSCO | Cisco Systems Inc | +0.1% | -11.24% | Trim |
| 21 | LLY | Eli Lilly & Co | +0.1% | — | Unchanged |
| 22 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | — | Unchanged |
| 23 | XLV | Ss Health Care Select Sector | +0.1% | +3.77% | Add |
| 24 | TXN | Texas Instruments Inc | +0.1% | — | Unchanged |
| 25 | CRS | Carpenter Technology | +0.1% | — | Unchanged |
| 26 | VGSH | Vanguard Short-term Treasury | +0.1% | +81.20% | Add |
| 27 | NVDA | Nvidia CORP | +0.1% | +6.39% | Add |
| 28 | PNC | Pnc Financial Services Group | +0.1% | NEW | New buy |
| 29 | AVGO | Broadcom Inc | +0.1% | NEW | New buy |
| 30 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | NEW | New buy |
| 31 | META | Meta Platforms Inc-class A | +0.1% | +70.71% | Add |
| 32 | IRDM | Iridium Communications Inc | +0.1% | NEW | New buy |
| 33 | QCOM | Qualcomm Inc | +0.1% | NEW | New buy |
| 34 | FITB | Fifth Third Bancorp | +0.1% | NEW | New buy |
| 35 | JPM | Jpmorgan Chase & Co | 0% | -0.49% | Trim |
| 36 | XLY | Ss Consumer Disc Select Sect | 0% | +4.07% | Add |
| 37 | STX | Seagate Technology Holdings plc | 0% | NEW | New buy |
| 38 | GS | Goldman Sachs Group Inc | 0% | — | Unchanged |
| 39 | CACC | Credit Acceptance CORP | 0% | — | Unchanged |
| 40 | ROM | Proshares Ultra Technology | 0% | -17.13% | Trim |
| 41 | URI | United Rentals Inc | 0% | — | Unchanged |
| 42 | ALL | Allstate CORP | 0% | — | Unchanged |
| 43 | VB | Vanguard Small-cap ETF | 0% | +11.53% | Add |
| 44 | GE | General Electric | 0% | — | Unchanged |
| 45 | CR | Crane Co | 0% | — | Unchanged |
| 46 | GEV | GE Vernova Inc | 0% | — | Unchanged |
| 47 | CSX | Csx CORP | 0% | — | Unchanged |
| 48 | VTV | Vanguard Value ETF | 0% | — | Unchanged |
| 49 | WAT | Waters CORP | 0% | -1.87% | Trim |
| 50 | DE | Deere & Co | 0% | — | Unchanged |
1–50 of 169
Filing History
FAQ
What is Brave Asset Management Inc and what type of investor is it?
Brave Asset Management Inc 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 $467.5M, spread across 146 disclosed positions.
What are Brave Asset Management Inc's largest equity positions?
Based on the latest 13F filing, Brave Asset Management Inc's top holdings by market value are:
1. Ishares Msci Eafe Value ETF (EFV) — $62.8M (13.4%)
2. Ss Technology Select Sector (XLK) — $52.1M (11.2%)
3. Ishares Core U.s. Aggregate (AGG) — $37.9M (8.1%)
4. Ziff Davis Inc (ZD) — $24.6M (5.3%)
5. Apple Inc (AAPL) — $24.2M (5.2%)
What changes did Brave Asset Management Inc make in its most recent portfolio filing?
In the latest reported quarter, Brave Asset Management Inc made 108 notable position adjustments: 13 new positions were initiated, 20 existing holdings were added to, 52 positions were partially reduced, and 23 were completely exited. The largest of these moves: Sold out: Ishares Gold Trust (IAU); New buy: Ishares 1-3 Year Treasury Bo (SHY); Sold out: Honeywell International Inc (HON); Sold out: Ishares Preferred & Income S (PFF); New buy: Vanguard Esg Intl Stock ETF (VSGX)
What sectors does Brave Asset Management Inc focus on?
Brave Asset Management Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 34.5%
• Financials: 21.2%
• Communication Services: 16.5%
• Consumer Discretionary: 7.8%
• Industrials: 7.0%
• Health Care: 5.9%
Investment Profile
Brave Asset Management Inc returned an annualized 17.4% over the trailing 36 months — outperforming the S&P 500 by 1.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.78 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 34.5% of the portfolio concentrated in Information Technology.
It has added to its EFV position over the past two quarters (+$11.2M, now $62.8M), while trimming ADBE over the same stretch (-$268.7K, still holding $376.0K).
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