CG
Castellan Group SEC 13F Filing (Q2 2026) — Holdings & Portfolio
Castellan GroupCIK: 0001832521
Concentrated strategyMomentum followerSector-focused
Total reported value
$912.1M
Reporting period: 2026-06-30 · Number of holdings: 41
Castellan Group disclosed 41 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $912.1M and a quarterly turnover rate of 29.4%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 29.42
- Momentum
- 100
- Sector conviction
- 89.53
- Diversification
- 82
- Sizing Uniformity
- 55.89
Castellan Group's disclosed holdings carry a Herfindahl concentration index of 0.487 — mathematically equivalent to about 2 equally-sized positions, well below its 41 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 4.41), 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 7% 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 CTEF
-0.4% $169.7M
Trim CTIF
+4.2% $16.5M
Sold out POR
Sold out NJR
Sold out ES
Sold out TRNO
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 | CTEF | Castellan Targetd Equity ETF | ETF-Other | 66.99% | +6.17% | -0.38% | |
| 2 | CTIF | Castellan Target Inc ETF | ETF-Other | 19.38% | -2.70% | +4.16% | |
| 3 | BOXX | Alpha Architect 1-3 Mnth Box | ETF-Other | 2.25% | -0.59% | -1.40% | |
| 4 | CTRE | Caretrust Reit Inc | Stock-Real Estate | 0.58% | -0.08% | +0.19% | |
| 5 | LXP | Lxp Industrial Trust | Stock-Other | 0.56% | +0.56% | NEW | |
| 6 | EIX | Edison International | Stock-Utilities | 0.56% | +0.56% | NEW | |
| 7 | WEC | Wec Energy Group Inc | Stock-Utilities | 0.53% | -0.09% | +6.90% | |
| 8 | EGP | Eastgroup Properties Inc | Stock-Real Estate | 0.53% | -0.08% | -0.44% | |
| 9 | DKL | Delek Logistics Partners LP | Stock-Other | 0.53% | -0.10% | +2.30% | |
| 10 | FR | First Industrial Realty Tr | Stock-Real Estate | 0.52% | -0.11% | -1.72% | |
| 11 | MPLX | Mplx LP | Stock-Energy | 0.51% | -0.10% | +7.63% | |
| 12 | GLTR | Abrdn Precious Metals Basket | ETF-Other | 0.51% | -0.18% | +11.40% | |
| 13 | NEE | Nextera Energy Inc | Stock-Utilities | 0.50% | -0.19% | -3.43% | |
| 14 | GTY | Getty Realty CORP | Stock-Other | 0.50% | -0.09% | +1.77% | |
| 15 | CWEN | Clearway Energy Inc-c | Stock-Utilities | 0.50% | -0.27% | -6.29% | |
| 16 | BIPC | Brookfield Infrastructure-a | Stock-Utilities | 0.50% | +0.50% | NEW | |
| 17 | VICI | Vici Properties Inc | Stock-Real Estate | 0.49% | +0.49% | NEW | |
| 18 | ATO | Atmos Energy CORP | Stock-Utilities | 0.49% | -0.16% | +0.80% | |
| 19 | HESM | Hess Midstream LP - Class A | Stock-Other | 0.47% | -0.06% | +14.31% | |
| 20 | XLE | Ss Energy Select Sector | ETF-Other | 0.42% | -0.25% | -9.72% | |
| 21 | OCTP | Pgim S&p 500 Buffer 12 ETF - | ETF-Large Cap & Growth | 0.28% | -0.06% | -6.70% | |
| 22 | MSFT | Microsoft CORP | Stock-Tech | 0.24% | -0.08% | -4.84% | |
| 23 | BHP | Bhp Group Ltd-spon Adr | Stock-Materials | 0.23% | -0.04% | -8.92% | |
| 24 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 0.21% | -0.07% | -8.49% | |
| 25 | XOM | Exxon Mobil CORP | Stock-Energy | 0.20% | -0.15% | -9.48% | |
| 26 | CVX | Chevron CORP | Stock-Energy | 0.20% | -0.12% | -4.52% | |
| 27 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.18% | +0.18% | NEW | |
| 28 | DDFN | Innov Eq Dd 15 Buf ETF - Nov | ETF-Other | 0.17% | -0.04% | -2.18% | |
| 29 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.15% | +0.15% | NEW | |
| 30 | ✓ | Spdr S&P 500 Etf Tr Put Option | ETF-Large Cap & Growth | 0.14% | -0.07% | +79.20% | |
| 31 | ORCL | Oracle CORP | Stock-Tech | 0.12% | -0.03% | — | |
| 32 | ✓ | Invesco QQQ Tr Put Option 06/2 | Stock-Other | 0.08% | -0.02% | -4.09% | |
| 33 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.08% | +0.08% | NEW | |
| 34 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.08% | +0.08% | NEW | |
| 35 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.07% | -0.37% | -76.74% | |
| 36 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.06% | -0.01% | — | |
| 37 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.06% | -0.02% | — | |
| 38 | PGR | Progressive CORP | Stock-Financials | 0.05% | — | — | |
| 39 | VNQ | Vanguard Real Estate ETF | ETF-Other | 0.03% | +0.03% | NEW | |
| 40 | DELL | Dell Technologies -c | Stock-Tech | 0.03% | +0.03% | NEW | |
| 41 | MU | Micron Technology Inc | Stock-Tech | 0.03% | +0.03% | NEW |
Portfolio Performance
Performance for Q3 2026
+4.3%
Performance Last 4 Quarters
+38%
- Stdev
- +16.4%
- Beta
- +1.06
- Alpha
- +3.9%
- Max Drawdown
- -10.8%
- Annualized Perf
- +26.5%
- Batting Avg vs S&P
- +55.6%
- Sortino
- +2.94
- Stutzer
- +0.44
- Treynor
- +0.24
- Sterling
- +1.48
- Calmar
- +2.45
- Information Ratio
- +0.56
- Tracking Error
- +9.1%
- Stdev Down
- +8.5%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +54.7%
- Worst 12 Months
- +1.5%
- Efficiency Ratio
- +0.64
- Sharpe
- +1.53
- Stdev Sectors
- +14.7%
- Skewness
- -0.37
- Kurtosis
- -0.83
- Upside Potential
- +4.6
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 41 | $912.1M | 29 | ||
| 2026 Q1 | 37 | $725.7M | 22 | ||
| 2025 Q4 | 61 | $795.2M | 23 | ||
| 2025 Q3 | 40 | $690.4M | 100 | ||
| 2025 Q2 | 31 | $542.8M | 0 | ||
| 2025 Q1 | 65 | $357.6M | 100 | ||
| 2024 Q4 | 61 | $230.8M | 0 | ||
| 2024 Q3 | 59 | $237.2M | 0 | ||
| 2024 Q2 | 59 | $210.1M | 0 | ||
| 2024 Q1 | 59 | $195.3M | 0 | ||
| 2023 Q4 | 57 | $161.0M | 0 | ||
| 2023 Q3 | 60 | $142.3M | 0 | ||
| 2023 Q2 | 62 | $156.5M | 0 | ||
| 2023 Q1 | 56 | $146.4M | 0 | ||
| 2022 Q4 | 55 | $143.5M | 0 | ||
| 2022 Q3 | 56 | $128.7M | 0 | ||
| 2022 Q2 | 60 | $144.2M | 0 | ||
| 2022 Q1 | 60 | $144.2M | 0 | ||
| 2021 Q4 | 72 | $144.4M | 0 | ||
| 2021 Q3 | 77 | $194.2M | 0 | ||
| 2021 Q2 | 74 | $238.4M | 88 | ||
| 2021 Q1 | 72 | $187.1M | 77 | ||
| 2020 Q4 | 62 | $92.6M | 0 |
* 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.
Holding changes this quarter
Castellan Group's most significant position changes for 2026-06-30: New buy: Lxp Industrial Trust (LXP); New buy: Edison International (EIX); Sold out: Portland General Electric Co (POR); Sold out: New Jersey Resources CORP (NJR); Sold out: Eversource Energy (ES).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CTEF | Castellan Targetd Equity ETF | +6.2% | -0.38% | Trim |
| 2 | LXP | Lxp Industrial Trust | +0.6% | NEW | New buy |
| 3 | EIX | Edison International | +0.6% | NEW | New buy |
| 4 | BIPC | Brookfield Infrastructure-a | +0.5% | NEW | New buy |
| 5 | VICI | Vici Properties Inc | +0.5% | NEW | New buy |
| 6 | IVV | Ishares Core S&p 500 ETF | +0.2% | NEW | New buy |
| 7 | RSP | Invesco S&p 500 Equal Weight | +0.2% | NEW | New buy |
| 8 | EFA | Ishares Msci Eafe ETF | +0.1% | NEW | New buy |
| 9 | IWM | Ishares Russell 2000 ETF | +0.1% | NEW | New buy |
| 10 | VNQ | Vanguard Real Estate ETF | 0% | NEW | New buy |
| 11 | DELL | Dell Technologies -c | 0% | NEW | New buy |
| 12 | MU | Micron Technology Inc | 0% | NEW | New buy |
| 13 | PGR | Progressive CORP | — | — | Unchanged |
| 14 | AMZN | Amazon.com Inc | 0% | — | Unchanged |
| 15 | ✓ | Invesco QQQ Tr Put Option 06/2 | 0% | -4.09% | Trim |
| 16 | META | Meta Platforms Inc-class A | 0% | — | Unchanged |
| 17 | AAPL | Apple Inc | 0% | EXIT | Sold out |
| 18 | ORCL | Oracle CORP | 0% | — | Unchanged |
| 19 | BHP | Bhp Group Ltd-spon Adr | 0% | -8.92% | Trim |
| 20 | DDFN | Innov Eq Dd 15 Buf ETF - Nov | 0% | -2.18% | Trim |
| 21 | HESM | Hess Midstream LP - Class A | -0.1% | +14.31% | Add |
| 22 | OCTP | Pgim S&p 500 Buffer 12 ETF - | -0.1% | -6.70% | Trim |
| 23 | LRN | Stride Inc | -0.1% | EXIT | Sold out |
| 24 | ✓ | Spdr S&P 500 Etf Tr Put Option | -0.1% | +79.20% | Add |
| 25 | RIO | Rio Tinto Plc-spon Adr | -0.1% | -8.49% | Trim |
| 26 | CTRE | Caretrust Reit Inc | -0.1% | +0.19% | Add |
| 27 | EGP | Eastgroup Properties Inc | -0.1% | -0.44% | Trim |
| 28 | MSFT | Microsoft CORP | -0.1% | -4.84% | Trim |
| 29 | WEC | Wec Energy Group Inc | -0.1% | +6.90% | Add |
| 30 | GTY | Getty Realty CORP | -0.1% | +1.77% | Add |
| 31 | MPLX | Mplx LP | -0.1% | +7.63% | Add |
| 32 | DKL | Delek Logistics Partners LP | -0.1% | +2.30% | Add |
| 33 | FR | First Industrial Realty Tr | -0.1% | -1.72% | Trim |
| 34 | CVX | Chevron CORP | -0.1% | -4.52% | Trim |
| 35 | XOM | Exxon Mobil CORP | -0.2% | -9.48% | Trim |
| 36 | ATO | Atmos Energy CORP | -0.2% | +0.80% | Add |
| 37 | GLTR | Abrdn Precious Metals Basket | -0.2% | +11.40% | Add |
| 38 | NEE | Nextera Energy Inc | -0.2% | -3.43% | Trim |
| 39 | XLE | Ss Energy Select Sector | -0.3% | -9.72% | Trim |
| 40 | CWEN | Clearway Energy Inc-c | -0.3% | -6.29% | Trim |
| 41 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.4% | -76.74% | Trim |
| 42 | BOXX | Alpha Architect 1-3 Mnth Box | -0.6% | -1.40% | Trim |
| 43 | TRNO | Terreno Realty CORP | -0.6% | EXIT | Sold out |
| 44 | ES | Eversource Energy | -0.6% | EXIT | Sold out |
| 45 | NJR | New Jersey Resources CORP | -0.7% | EXIT | Sold out |
| 46 | POR | Portland General Electric Co | -0.7% | EXIT | Sold out |
| 47 | CTIF | Castellan Target Inc ETF | -2.7% | +4.16% | Add |
Filing History
FAQ
What is Castellan Group and what type of investor is it?
Castellan Group 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 $912.1M, spread across 41 disclosed positions.
What are Castellan Group's largest equity positions?
Based on the latest 13F filing, Castellan Group's top holdings by market value are:
1. Castellan Targetd Equity ETF (CTEF) — $611.0M (67.0%)
2. Castellan Target Inc ETF (CTIF) — $176.7M (19.4%)
3. Alpha Architect 1-3 Mnth Box (BOXX) — $20.5M (2.3%)
4. Caretrust Reit Inc (CTRE) — $5.3M (0.6%)
5. Lxp Industrial Trust (LXP) — $5.1M (0.6%)
What changes did Castellan Group make in its most recent portfolio filing?
In the latest reported quarter, Castellan Group made 43 notable position adjustments: 11 new positions were initiated, 10 existing holdings were added to, 16 positions were partially reduced, and 6 were completely exited. The largest of these moves: New buy: Lxp Industrial Trust (LXP); New buy: Edison International (EIX); Sold out: Portland General Electric Co (POR); Sold out: New Jersey Resources CORP (NJR); Sold out: Eversource Energy (ES)
What sectors does Castellan Group focus on?
Castellan Group is concentrated in the following sectors based on its current disclosed equity portfolio:
• Utilities: 43.2%
• Real Estate: 29.7%
• Energy: 12.8%
• Materials: 6.0%
• Information Technology: 5.9%
• Consumer Discretionary: 0.9%
Investment Profile
Castellan Group returned an annualized 26.5% over the trailing 36 months — outperforming the S&P 500 by 3.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.06 (roughly in line with the market) and a 56% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 43.2% of the portfolio concentrated in Utilities.
Its turnover score has risen from 0 to 29 over the past 4 quarters — a shift toward more active trading.
It has added to its CTEF position over the past two quarters (+$182.4M, now $611.0M), while trimming SPY over the same stretch (-$7.4M, still holding $672.1K).
Peer Institutions
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Concentration41.6
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Sector conviction72.5
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JS
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NC
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Developer Access
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