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Briaud Financial Planning Inc's 13F Portfolio ($453.3M, Q3 2026)
Briaud Financial Planning IncCIK: 0001800586
Concentrated strategySector-focusedMomentum follower
Total reported value
$453.3M
Reporting period: 2026-09-30 · Number of holdings: 44
Briaud Financial Planning Inc disclosed 44 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $453.3M and a quarterly turnover rate of 20.0%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 19.97
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 88
- Sizing Uniformity
- 66.98
Briaud Financial Planning Inc's disclosed holdings carry a Herfindahl concentration index of 0.265 — mathematically equivalent to about 4 equally-sized positions, well below its 44 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 3.30), 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 3.1 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 3% 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 XLE
+12855.5% $44.1M
Trim VTI
-0.3% $1.7M
Add PDBC
+47.6% $21.1M
Trim GLD
+2.9% $4.7M
Trim SLV
+1.6% $641.7K
Trim PDBA
+1.9% $1.6M
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 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 45.78% | -8.36% | -0.32% | |
| 2 | GLD | Spdr Gold Shares | ETF-Commodities | 17.28% | -2.09% | +2.87% | |
| 3 | PDBC | Invesco Optimum Yield Divers | ETF-Other | 10.51% | +3.53% | +47.63% | |
| 4 | XLE | Ss Energy Select Sector | ETF-Other | 9.80% | +9.72% | +12855.46% | |
| 5 | PDBA | Invesco Agriculture Cmdtyk-1 | ETF-Other | 5.25% | -0.58% | +1.86% | |
| 6 | SLV | Ishares Silver Trust | ETF-Commodities | 4.09% | -0.62% | +1.59% | |
| 7 | IAU | Ishares Gold Trust | ETF-Commodities | 1.31% | -0.30% | -5.59% | |
| 8 | AAPL | Apple Inc | Stock-Tech | 0.88% | — | +3.81% | |
| 9 | ADI | Analog Devices Inc | Stock-Tech | 0.52% | -0.10% | — | |
| 10 | NVDA | Nvidia CORP | Stock-Tech | 0.45% | -0.01% | +1.73% | |
| 11 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.37% | -0.14% | -13.98% | |
| 12 | ✓ | Stock-Other | 0.35% | +0.35% | NEW | ||
| 13 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.27% | -0.06% | — | |
| 14 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.25% | -0.52% | -61.77% | |
| 15 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.24% | -0.05% | — | |
| 16 | PPLT | Abrdn Physical Platinum Shrs | ETF-Commodities | 0.23% | -0.02% | — | |
| 17 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 0.22% | -0.08% | -10.65% | |
| 18 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.18% | +0.04% | +43.76% | |
| 19 | MSFT | Microsoft CORP | Stock-Tech | 0.18% | +0.04% | +14.29% | |
| 20 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.17% | -0.03% | — | |
| 21 | APD | Air Products & Chemicals Inc | Stock-Materials | 0.13% | -0.03% | — | |
| 22 | AMGN | Amgen Inc | Stock-Healthcare | 0.12% | — | -0.47% | |
| 23 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.12% | -0.02% | — | |
| 24 | INTC | Intel CORP | Stock-Tech | 0.10% | -0.04% | -0.70% | |
| 25 | VUG | Vanguard Growth ETF | ETF-Other | 0.10% | -0.04% | -20.97% | |
| 26 | ITA | Ishares U.s. Aerospace & Def | ETF-Other | 0.10% | -0.04% | — | |
| 27 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.08% | +0.02% | +51.98% | |
| 28 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.08% | -0.01% | -0.36% | |
| 29 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.07% | -0.01% | +4.06% | |
| 30 | VV | Vanguard Large-cap ETF | ETF-Other | 0.07% | -0.01% | — | |
| 31 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.06% | -0.13% | -61.12% | |
| 32 | JBL | Jabil Inc | Stock-Tech | 0.06% | -0.04% | — | |
| 33 | CSCO | Cisco Systems Inc | Stock-Tech | 0.06% | -0.02% | +5.11% | |
| 34 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 0.06% | -0.03% | -13.53% | |
| 35 | PFM | Invesco Dividend Achievers E | ETF-Other | 0.06% | -0.01% | — | |
| 36 | CVX | Chevron CORP | Stock-Energy | 0.05% | +0.05% | NEW | |
| 37 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 0.05% | +0.05% | NEW | |
| 38 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.05% | -0.01% | — | |
| 39 | VHT | Vanguard Health Care ETF | ETF-Other | 0.05% | -0.01% | — | |
| 40 | MU | Micron Technology Inc | Stock-Tech | 0.05% | -0.01% | -1.42% | |
| 41 | VTV | Vanguard Value ETF | ETF-Other | 0.05% | -0.01% | — | |
| 42 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.05% | +0.05% | NEW | |
| 43 | ABBV | Abbvie Inc | Stock-Healthcare | 0.05% | +0.05% | NEW | |
| 44 | SOC | Sable Offshore CORP | Stock-Other | 0.01% | — | — |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q4 2026
+3%
Performance Last 4 Quarters
+18.4%
- Stdev
- +10.1%
- Beta
- +0.48
- Alpha
- +12.2%
- Max Drawdown
- -6.2%
- Annualized Perf
- +24.8%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +4.57
- Stutzer
- +0.62
- Treynor
- +0.48
- Sterling
- +1.95
- Calmar
- +4.02
- Information Ratio
- +0.06
- Tracking Error
- +10.5%
- Stdev Down
- +5%
- Winning Months %
- +77.8%
- Losing Months %
- +22.2%
- Best 12 Months
- +41%
- Worst 12 Months
- +18%
- Efficiency Ratio
- +0.93
- Sharpe
- +2.26
- Stdev Sectors
- +24.6%
- Skewness
- -0.65
- Kurtosis
- +1.02
- Upside Potential
- +5.67
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 44 | $453.3M | 20 | ||
| 2026 Q2 | 42 | $380.2M | 21 | ||
| 2026 Q1 | 38 | $381.4M | 28 | ||
| 2025 Q4 | 37 | $405.9M | 29 | ||
| 2025 Q3 | 36 | $306.0M | 29 | ||
| 2025 Q2 | 365 | $253.6M | 0 | ||
| 2025 Q1 | 209 | $251.7M | 100 | ||
| 2024 Q4 | 218 | $245.3M | 0 | ||
| 2024 Q3 | 141 | $193.6M | 0 | ||
| 2024 Q2 | 144 | $173.2M | 0 | ||
| 2024 Q1 | 127 | $175.9M | 0 | ||
| 2023 Q4 | 9 | $117.3M | 0 | ||
| 2023 Q3 | 178 | $123.5M | 0 | ||
| 2023 Q2 | 21 | $105.9M | 0 | ||
| 2023 Q1 | 20 | $105.6M | 0 | ||
| 2022 Q4 | 24 | $123.5M | 0 | ||
| 2022 Q3 | 28 | $112.5M | 0 | ||
| 2022 Q2 | 27 | $152.5M | 0 | ||
| 2022 Q1 | 27 | $174.1M | 0 | ||
| 2021 Q4 | 27 | $184.0M | 0 | ||
| 2021 Q3 | 18 | $152.2M | 0 | ||
| 2021 Q2 | 20 | $150.2M | 100 | ||
| 2021 Q1 | 22 | $135.9M | 36 | ||
| 2020 Q4 | 22 | $156.6M | 22 | ||
| 2020 Q3 | 18 | $138.3M | 8 | ||
| 2020 Q2 | 18 | $130.9M | 62 | ||
| 2020 Q1 | 16 | $69.6M | 44 | ||
| 2019 Q4 | 25 | $98.3M | — |
Holding changes this quarter
Briaud Financial Planning Inc's most significant position changes for 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: Chevron CORP (CVX); New buy: Ishares Bitcoin Trust ETF (IBIT); New buy: Unitedhealth Group Inc (UNH).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XLE | Ss Energy Select Sector | +9.7% | +12855.46% | Add |
| 2 | PDBC | Invesco Optimum Yield Divers | +3.5% | +47.63% | Add |
| 3 | ✓ | +0.4% | NEW | New buy | |
| 4 | CVX | Chevron CORP | +0.1% | NEW | New buy |
| 5 | IBIT | Ishares Bitcoin Trust ETF | +0.1% | NEW | New buy |
| 6 | UNH | Unitedhealth Group Inc | +0.1% | NEW | New buy |
| 7 | ABBV | Abbvie Inc | +0.1% | NEW | New buy |
| 8 | MSFT | Microsoft CORP | 0% | +14.29% | Add |
| 9 | AMZN | Amazon.com Inc | 0% | +43.76% | Add |
| 10 | VOO | Vanguard S&p 500 ETF | 0% | +51.98% | Add |
| 11 | AAPL | Apple Inc | — | +3.81% | Add |
| 12 | AMGN | Amgen Inc | — | -0.47% | Trim |
| 13 | SOC | Sable Offshore CORP | — | — | Unchanged |
| 14 | NVDA | Nvidia CORP | 0% | +1.73% | Add |
| 15 | JNJ | Johnson & Johnson | 0% | +4.06% | Add |
| 16 | MU | Micron Technology Inc | 0% | -1.42% | Trim |
| 17 | VHT | Vanguard Health Care ETF | 0% | — | Unchanged |
| 18 | RSP | Invesco S&p 500 Equal Weight | 0% | -0.36% | Trim |
| 19 | VV | Vanguard Large-cap ETF | 0% | — | Unchanged |
| 20 | PFM | Invesco Dividend Achievers E | 0% | — | Unchanged |
| 21 | JPM | Jpmorgan Chase & Co | 0% | — | Unchanged |
| 22 | VTV | Vanguard Value ETF | 0% | — | Unchanged |
| 23 | PPLT | Abrdn Physical Platinum Shrs | 0% | — | Unchanged |
| 24 | EEM | Ishares Msci Emerging Market | 0% | — | Unchanged |
| 25 | CSCO | Cisco Systems Inc | 0% | +5.11% | Add |
| 26 | TLT | Ishares 20+ Year Treasury Bd | 0% | -13.53% | Trim |
| 27 | APD | Air Products & Chemicals Inc | 0% | — | Unchanged |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | — | Unchanged |
| 29 | JBL | Jabil Inc | 0% | — | Unchanged |
| 30 | VUG | Vanguard Growth ETF | 0% | -20.97% | Trim |
| 31 | INTC | Intel CORP | 0% | -0.70% | Trim |
| 32 | ITA | Ishares U.s. Aerospace & Def | 0% | — | Unchanged |
| 33 | FFIN | First Finl Bankshares Inc | -0.1% | EXIT | Sold out |
| 34 | WMT | Walmart Inc | -0.1% | EXIT | Sold out |
| 35 | VYM | Vanguard High Dvd Yield ETF | -0.1% | — | Unchanged |
| 36 | LLY | Eli Lilly & Co | -0.1% | — | Unchanged |
| 37 | BIL | Ss Spdr Bb 1-3m T-bill ETF | -0.1% | -10.65% | Trim |
| 38 | ADI | Analog Devices Inc | -0.1% | — | Unchanged |
| 39 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | -61.12% | Trim |
| 40 | QQQ | Invesco Qqq Trust Series 1 | -0.1% | -13.98% | Trim |
| 41 | IAU | Ishares Gold Trust | -0.3% | -5.59% | Trim |
| 42 | XOM | Exxon Mobil CORP | -0.4% | EXIT | Sold out |
| 43 | IVV | Ishares Core S&p 500 ETF | -0.5% | -61.77% | Trim |
| 44 | PDBA | Invesco Agriculture Cmdtyk-1 | -0.6% | +1.86% | Add |
| 45 | SLV | Ishares Silver Trust | -0.6% | +1.59% | Add |
| 46 | GLD | Spdr Gold Shares | -2.1% | +2.87% | Add |
| 47 | VTI | Vanguard Total Stock Mkt ETF | -8.4% | -0.32% | Trim |
Filing History
FAQ
What is Briaud Financial Planning Inc and what type of investor is it?
Briaud Financial Planning 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 (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $453.3M, spread across 44 disclosed positions.
What are Briaud Financial Planning Inc's largest equity positions?
Based on the latest 13F filing, Briaud Financial Planning Inc's top holdings by market value are:
1. Vanguard Total Stock Mkt ETF (VTI) — $207.6M (45.8%)
2. Spdr Gold Shares (GLD) — $78.3M (17.3%)
3. Invesco Optimum Yield Divers (PDBC) — $47.6M (10.5%)
4. Ss Energy Select Sector (XLE) — $44.4M (9.8%)
5. Invesco Agriculture Cmdtyk-1 (PDBA) — $23.8M (5.3%)
What changes did Briaud Financial Planning Inc make in its most recent portfolio filing?
In the latest reported quarter, Briaud Financial Planning Inc made 32 notable position adjustments: 5 new positions were initiated, 12 existing holdings were added to, 12 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: Chevron CORP (CVX); New buy: Ishares Bitcoin Trust ETF (IBIT); New buy: Unitedhealth Group Inc (UNH)
What sectors does Briaud Financial Planning Inc focus on?
Briaud Financial Planning Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 70.4%
• Health Care: 16.9%
• Consumer Discretionary: 5.5%
• Materials: 4.0%
• Energy: 1.6%
• Financials: 1.6%
Investment Profile
Briaud Financial Planning Inc returned an annualized 24.8% over the trailing 36 months — outperforming the S&P 500 by 12.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.48 (less volatile than the market) and a 53% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 70.4% of the portfolio concentrated in Information Technology.
It has added to its VTI position over the past two quarters (+$34.6M, now $207.6M), while trimming IAU over the same stretch (-$1.2M, still holding $6.0M).
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