BF
Briaud Financial Planning Inc's 13F Portfolio ($380.2M, Q2 2026)
Briaud Financial Planning IncCIK: 0001800586
Concentrated strategySector-focusedMomentum follower
Total reported value
$380.2M
Reporting period: 2026-06-30 · Number of holdings: 42
Briaud Financial Planning Inc disclosed 42 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $380.2M and a quarterly turnover rate of 21.1%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 21.07
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 84
- Sizing Uniformity
- 63.02
Briaud Financial Planning Inc's disclosed holdings carry a Herfindahl concentration index of 0.342 — mathematically equivalent to about 3 equally-sized positions, well below its 42 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 3.70), 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 5.4 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 4% 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 VTI
+3.2% $32.9M
Trim PDBC
-40.4% -$22.1M
Trim GLD
+0.8% -$11.7M
Trim SLV
+1.8% -$4.5M
Add QQQ
+101.5% $1.2M
Trim IAU
0.0% -$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 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 54.14% | +8.80% | +3.20% | |
| 2 | GLD | Spdr Gold Shares | ETF-Commodities | 19.37% | -3.00% | +0.79% | |
| 3 | PDBC | Invesco Optimum Yield Divers | ETF-Other | 6.98% | -5.77% | -40.44% | |
| 4 | PDBA | Invesco Agriculture Cmdtyk-1 | ETF-Other | 5.83% | +0.14% | +4.55% | |
| 5 | SLV | Ishares Silver Trust | ETF-Commodities | 4.71% | -1.17% | +1.79% | |
| 6 | IAU | Ishares Gold Trust | ETF-Commodities | 1.61% | -0.26% | — | |
| 7 | AAPL | Apple Inc | Stock-Tech | 0.88% | +0.23% | +18.89% | |
| 8 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.77% | +0.10% | +0.23% | |
| 9 | ADI | Analog Devices Inc | Stock-Tech | 0.62% | +0.10% | -5.04% | |
| 10 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.51% | +0.31% | +101.45% | |
| 11 | NVDA | Nvidia CORP | Stock-Tech | 0.46% | +0.05% | -3.60% | |
| 12 | XOM | Exxon Mobil CORP | Stock-Energy | 0.35% | -0.08% | +0.17% | |
| 13 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.33% | +0.08% | — | |
| 14 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 0.30% | +0.09% | +41.44% | |
| 15 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.29% | +0.04% | +9.96% | |
| 16 | PPLT | Abrdn Physical Platinum Shrs | ETF-Commodities | 0.25% | -0.06% | +896.09% | |
| 17 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.20% | +0.01% | — | |
| 18 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.19% | -0.08% | -38.80% | |
| 19 | APD | Air Products & Chemicals Inc | Stock-Materials | 0.16% | — | -1.91% | |
| 20 | VUG | Vanguard Growth ETF | ETF-Other | 0.14% | +0.02% | +500.00% | |
| 21 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.14% | +0.02% | — | |
| 22 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.14% | +0.02% | — | |
| 23 | INTC | Intel CORP | Stock-Tech | 0.14% | +0.14% | NEW | |
| 24 | ITA | Ishares U.s. Aerospace & Def | ETF-Other | 0.14% | +0.02% | — | |
| 25 | MSFT | Microsoft CORP | Stock-Tech | 0.14% | +0.01% | — | |
| 26 | AMGN | Amgen Inc | Stock-Healthcare | 0.12% | — | -2.76% | |
| 27 | JBL | Jabil Inc | Stock-Tech | 0.10% | +0.03% | — | |
| 28 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.09% | +0.01% | +0.36% | |
| 29 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 0.09% | — | — | |
| 30 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.08% | — | — | |
| 31 | VV | Vanguard Large-cap ETF | ETF-Other | 0.08% | +0.01% | — | |
| 32 | XLE | Ss Energy Select Sector | ETF-Other | 0.08% | -0.01% | +0.31% | |
| 33 | CSCO | Cisco Systems Inc | Stock-Tech | 0.08% | +0.08% | NEW | |
| 34 | PFM | Invesco Dividend Achievers E | ETF-Other | 0.07% | +0.01% | — | |
| 35 | MU | Micron Technology Inc | Stock-Tech | 0.06% | +0.06% | NEW | |
| 36 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.06% | — | — | |
| 37 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.06% | +0.06% | NEW | |
| 38 | VTV | Vanguard Value ETF | ETF-Other | 0.06% | +0.01% | — | |
| 39 | VHT | Vanguard Health Care ETF | ETF-Other | 0.06% | +0.06% | NEW | |
| 40 | FFIN | First Finl Bankshares Inc | Stock-Financials | 0.05% | +0.05% | NEW | |
| 41 | WMT | Walmart Inc | Stock-Consumer Staples | 0.05% | — | +6.02% | |
| 42 | SOC | Sable Offshore CORP | Stock-Other | 0.01% | +0.01% | NEW |
* 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 Q3 2026
+1%
Performance Last 4 Quarters
+31.3%
- Stdev
- +10.7%
- Beta
- +0.46
- Alpha
- +14.6%
- Max Drawdown
- -6.2%
- Annualized Perf
- +26%
- Batting Avg vs S&P
- +58.3%
- Sortino
- +4.32
- Stutzer
- +0.61
- Treynor
- +0.51
- Sterling
- +2.04
- Calmar
- +4.21
- Information Ratio
- +0.35
- Tracking Error
- +11.2%
- Stdev Down
- +5.5%
- Winning Months %
- +80.6%
- Losing Months %
- +19.4%
- Best 12 Months
- +41%
- Worst 12 Months
- +17.9%
- Efficiency Ratio
- +0.92
- Sharpe
- +2.23
- Stdev Sectors
- +20.9%
- Skewness
- -0.79
- Kurtosis
- +0.87
- Upside Potential
- +5.46
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 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 2026-06-30: New buy: Intel CORP (INTC); New buy: Cisco Systems Inc (CSCO); Sold out: Chevron CORP (CVX); New buy: Micron Technology Inc (MU); New buy: Vanguard S&p 500 ETF (VOO).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | +8.8% | +3.20% | Add |
| 2 | QQQ | Invesco Qqq Trust Series 1 | +0.3% | +101.45% | Add |
| 3 | AAPL | Apple Inc | +0.2% | +18.89% | Add |
| 4 | INTC | Intel CORP | +0.1% | NEW | New buy |
| 5 | PDBA | Invesco Agriculture Cmdtyk-1 | +0.1% | +4.55% | Add |
| 6 | IVV | Ishares Core S&p 500 ETF | +0.1% | +0.23% | Add |
| 7 | ADI | Analog Devices Inc | +0.1% | -5.04% | Trim |
| 8 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.1% | +41.44% | Add |
| 9 | LLY | Eli Lilly & Co | +0.1% | — | Unchanged |
| 10 | CSCO | Cisco Systems Inc | +0.1% | NEW | New buy |
| 11 | MU | Micron Technology Inc | +0.1% | NEW | New buy |
| 12 | VOO | Vanguard S&p 500 ETF | +0.1% | NEW | New buy |
| 13 | VHT | Vanguard Health Care ETF | +0.1% | NEW | New buy |
| 14 | FFIN | First Finl Bankshares Inc | +0.1% | NEW | New buy |
| 15 | NVDA | Nvidia CORP | +0.1% | -3.60% | Trim |
| 16 | VYM | Vanguard High Dvd Yield ETF | 0% | +9.96% | Add |
| 17 | JBL | Jabil Inc | 0% | — | Unchanged |
| 18 | EEM | Ishares Msci Emerging Market | 0% | — | Unchanged |
| 19 | VUG | Vanguard Growth ETF | 0% | +500.00% | Add |
| 20 | AMZN | Amazon.com Inc | 0% | — | Unchanged |
| 21 | ITA | Ishares U.s. Aerospace & Def | 0% | — | Unchanged |
| 22 | SOC | Sable Offshore CORP | 0% | NEW | New buy |
| 23 | VV | Vanguard Large-cap ETF | 0% | — | Unchanged |
| 24 | RSP | Invesco S&p 500 Equal Weight | 0% | +0.36% | Add |
| 25 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | — | Unchanged |
| 26 | VTV | Vanguard Value ETF | 0% | — | Unchanged |
| 27 | PFM | Invesco Dividend Achievers E | 0% | — | Unchanged |
| 28 | MSFT | Microsoft CORP | 0% | — | Unchanged |
| 29 | JPM | Jpmorgan Chase & Co | — | — | Unchanged |
| 30 | JNJ | Johnson & Johnson | — | — | Unchanged |
| 31 | WMT | Walmart Inc | — | +6.02% | Add |
| 32 | APD | Air Products & Chemicals Inc | — | -1.91% | Trim |
| 33 | TLT | Ishares 20+ Year Treasury Bd | — | — | Unchanged |
| 34 | AMGN | Amgen Inc | — | -2.76% | Trim |
| 35 | XLE | Ss Energy Select Sector | 0% | +0.31% | Add |
| 36 | LOAN | Manhattan Bridge Capital Inc | 0% | EXIT | Sold out |
| 37 | PPLT | Abrdn Physical Platinum Shrs | -0.1% | +896.09% | Add |
| 38 | CVX | Chevron CORP | -0.1% | EXIT | Sold out |
| 39 | LMT | Lockheed Martin CORP | -0.1% | EXIT | Sold out |
| 40 | XOM | Exxon Mobil CORP | -0.1% | +0.17% | Add |
| 41 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | -38.80% | Trim |
| 42 | IAU | Ishares Gold Trust | -0.3% | — | Unchanged |
| 43 | SLV | Ishares Silver Trust | -1.2% | +1.79% | Add |
| 44 | GLD | Spdr Gold Shares | -3% | +0.79% | Add |
| 45 | PDBC | Invesco Optimum Yield Divers | -5.8% | -40.44% | 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 (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $380.2M, spread across 42 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) — $205.9M (54.1%)
2. Spdr Gold Shares (GLD) — $73.6M (19.4%)
3. Invesco Optimum Yield Divers (PDBC) — $26.6M (7.0%)
4. Invesco Agriculture Cmdtyk-1 (PDBA) — $22.1M (5.8%)
5. Ishares Silver Trust (SLV) — $17.9M (4.7%)
What changes did Briaud Financial Planning Inc make in its most recent portfolio filing?
In the latest reported quarter, Briaud Financial Planning Inc made 31 notable position adjustments: 7 new positions were initiated, 15 existing holdings were added to, 6 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Intel CORP (INTC); New buy: Cisco Systems Inc (CSCO); Sold out: Chevron CORP (CVX); New buy: Micron Technology Inc (MU); New buy: Vanguard S&p 500 ETF (VOO)
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: 64.6%
• Health Care: 14.0%
• Energy: 9.0%
• Materials: 4.3%
• Consumer Discretionary: 3.7%
• Financials: 3.0%
Investment Profile
Briaud Financial Planning Inc returned an annualized 26.0% over the trailing 36 months — outperforming the S&P 500 by 14.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.46 (less volatile than the market) and a 58% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 64.6% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 21 over the past 4 quarters — a shift toward more active trading.
It has added to its ADI position over the past two quarters (+$620.6K, now $2.3M), while trimming SLV over the same stretch (-$22.5M, still holding $17.9M).
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