FA
Freestate Advisors LLC 13F Filings Tracker & Latest Positions (Q2 2026)
Freestate Advisors LLCCIK: 0001660328
Momentum followerDiversified strategySector-focused
Total reported value
$133.9M
Reporting period: 2026-06-30 · Number of holdings: 42
Freestate Advisors LLC disclosed 42 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $133.9M and a quarterly turnover rate of 8.2%.
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Personality snowflake
- Concentration
- 34.18
- Portfolio Stability
- 8.16
- Momentum
- 100
- Sector conviction
- 93.39
- Diversification
- 84
- Sizing Uniformity
- 83.72
Freestate Advisors LLC's disclosed holdings carry a Herfindahl concentration index of 0.085 — mathematically equivalent to about 12 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 1.63), 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 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 VOO
+1.7% $2.6M
Trim AGG
+1.4% $150.1K
Add SGOV
+76.0% $735.0K
Trim IGIB
+0.5% $39.7K
Add SCHF
-0.8% $1.6M
Trim SHYG
+1.4% $180.5K
Holdings Map
New buyAddUnchangedTrim
* 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.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-Large Cap & Growth | 14.77% | -0.39% | -2.94% | |
| 2 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 13.24% | +1.12% | +1.74% | |
| 3 | SCHF | Schwab Intl Equity ETF | ETF-Other | 12.30% | +0.44% | -0.83% | |
| 4 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 10.14% | -0.59% | +1.42% | |
| 5 | SHYG | Ishares 0-5 Yr Hy CORP Bond | ETF-Corp Bonds | 8.40% | -0.44% | +1.39% | |
| 6 | IGIB | Ishares 5-10y Inv Grade CORP | ETF-Corp Bonds | 7.17% | -0.47% | +0.51% | |
| 7 | AVUV | Avantis US Small Cap Value | ETF-Small Cap | 5.84% | +0.27% | -0.64% | |
| 8 | SPIB | Ss Spdr P Int C CORP ETF | ETF-Other | 3.85% | -0.12% | +3.94% | |
| 9 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 2.81% | -0.28% | -2.61% | |
| 10 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 2.77% | +0.21% | +0.67% | |
| 11 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 2.42% | -0.09% | +0.11% | |
| 12 | LVHI | Franklin International Low V | ETF-Other | 1.75% | -0.09% | +1.74% | |
| 13 | CGSD | Cap Group Short Duration | ETF-Other | 1.56% | +0.02% | +9.10% | |
| 14 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 1.27% | +0.50% | +75.99% | |
| 15 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 1.10% | -0.08% | +0.42% | |
| 16 | JAAA | Janus Henderson Aaa Clo ETF | ETF-Other | 1.07% | -0.06% | +1.06% | |
| 17 | DGRO | Ishares Core Dividend Growth | ETF-Other | 0.97% | +0.01% | +0.37% | |
| 18 | AAPL | Apple Inc | Stock-Tech | 0.95% | +0.06% | +0.11% | |
| 19 | QGRO | American Century US Quality | ETF-Other | 0.85% | +0.04% | +0.05% | |
| 20 | CGDV | Cap Group Dividend Value | ETF-Other | 0.83% | +0.09% | +3.89% | |
| 21 | MMM | 3m Co | Stock-Industrials | 0.50% | +0.02% | — | |
| 22 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.47% | +0.02% | +1.81% | |
| 23 | IBM | Intl Business Machines CORP | Stock-Tech | 0.45% | +0.04% | — | |
| 24 | CGCB | Cap Group Core Bond | ETF-Other | 0.40% | -0.03% | +0.13% | |
| 25 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.40% | +0.02% | +0.29% | |
| 26 | CGMS | Cap Group US Multi-sect Bond | ETF-Other | 0.35% | -0.02% | +1.05% | |
| 27 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.35% | +0.01% | -2.26% | |
| 28 | AVLV | Avantis US Large Cap Value | ETF-Large Cap & Growth | 0.34% | +0.34% | NEW | |
| 29 | IQLT | Ishares Msci International Q | ETF-Other | 0.33% | — | +1.74% | |
| 30 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.29% | -0.08% | +0.02% | |
| 31 | TMUS | T-mobile US Inc | Stock-Comm Services | 0.29% | -0.06% | +9.60% | |
| 32 | DE | Deere & Co | Stock-Industrials | 0.28% | +0.02% | +0.35% | |
| 33 | T | At&t Inc | Stock-Comm Services | 0.26% | -0.12% | +0.04% | |
| 34 | FDHY | Fidelity Enh Hi Yld ETF | ETF-Other | 0.22% | -0.01% | +1.30% | |
| 35 | AVIV | Avantis Int Lrg Cap Val ETF | ETF-Other | 0.20% | — | +1.12% | |
| 36 | EDV | Vanguard Extended Dur Treas | ETF-Other | 0.18% | -0.02% | +0.24% | |
| 37 | VGSH | Vanguard Short-term Treasury | ETF-Gov Bonds | 0.18% | -0.01% | +4.98% | |
| 38 | RFI | Cohen & Steers Tot Ret Rlty | Stock-Other | 0.17% | -0.01% | +2.12% | |
| 39 | NVDA | Nvidia CORP | Stock-Tech | 0.16% | +0.16% | NEW | |
| 40 | FSCO | Fs Credit Opportunities CORP | Stock-Other | 0.05% | -0.01% | +3.51% | |
| 41 | ECC | Eagle Point Credit Co | Stock-Other | 0.04% | — | +4.53% | |
| 42 | CCIF | Carlyle Credit Income Fund | Stock-Other | 0.03% | — | +3.71% |
Portfolio Performance
Performance for Q3 2026
+2.2%
Performance Last 4 Quarters
+14.3%
- Stdev
- +7%
- Beta
- +0.47
- Alpha
- +3.8%
- Max Drawdown
- -3.6%
- Annualized Perf
- +11.6%
- Batting Avg vs S&P
- +47.6%
- Sortino
- +2.88
- Stutzer
- +0.46
- Treynor
- +0.24
- Sterling
- +0.85
- Calmar
- +3.22
- Information Ratio
- -0.61
- Tracking Error
- +7.6%
- Stdev Down
- +3.9%
- Winning Months %
- +81%
- Losing Months %
- +19%
- Best 12 Months
- +19.6%
- Worst 12 Months
- +9.9%
- Efficiency Ratio
- +0.55
- Sharpe
- +1.62
- Stdev Sectors
- +12.4%
- Skewness
- -0.69
- Kurtosis
- +0.16
- Upside Potential
- +4.25
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 42 | $133.9M | 8 | ||
| 2026 Q1 | 42 | $125.1M | 6 | ||
| 2025 Q4 | 41 | $123.1M | 7 | ||
| 2025 Q3 | 42 | $119.2M | 26 | ||
| 2025 Q2 | 46 | $112.0M | 0 | ||
| 2025 Q1 | 38 | $100.8M | 100 | ||
| 2024 Q4 | 37 | $96.7M | 0 | ||
| 2024 Q3 | 36 | $96.1M | 0 | ||
| 2021 Q3 | 8 | $88.2M | 0 | ||
| 2021 Q2 | 8 | $88.5M | 100 | ||
| 2021 Q1 | 8 | $85.7M | 100 | ||
| 2020 Q4 | 7 | $93.8M | 83 | ||
| 2020 Q3 | 6 | $89.4M | 5 | ||
| 2020 Q2 | 6 | $90.4M | 100 | ||
| 2020 Q1 | 2 | $59.2M | 100 | ||
| 2019 Q4 | 4 | $128.4M | 13 | ||
| 2019 Q3 | 4 | $133.8M | 89 | ||
| 2019 Q2 | 7 | $118.1M | 69 | ||
| 2019 Q1 | 4 | $109.9M | 100 | ||
| 2018 Q4 | 4 | $103.6M | — |
Holding changes this quarter
Freestate Advisors LLC's most significant position changes for 2026-06-30: New buy: Avantis US Large Cap Value (AVLV); Sold out: Dow Inc (DOW); Sold out: Amazon.com Inc (AMZN); New buy: Nvidia CORP (NVDA); Add: Vanguard S&p 500 ETF (VOO) — shares +1.74%.
Filing History
FAQ
What is Freestate Advisors LLC and what type of investor is it?
Freestate 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 $133.9M, spread across 42 disclosed positions.
What are Freestate Advisors LLC's largest equity positions?
Based on the latest 13F filing, Freestate Advisors LLC's top holdings by market value are:
1. Ss Spdr P S&p 500 Value ETF (SPYV) — $19.8M (14.8%)
2. Vanguard S&p 500 ETF (VOO) — $17.7M (13.2%)
3. Schwab Intl Equity ETF (SCHF) — $16.5M (12.3%)
4. Ishares Core U.s. Aggregate (AGG) — $13.6M (10.1%)
5. Ishares 0-5 Yr Hy CORP Bond (SHYG) — $11.2M (8.4%)
What changes did Freestate Advisors LLC make in its most recent portfolio filing?
In the latest reported quarter, Freestate Advisors LLC made 42 notable position adjustments: 2 new positions were initiated, 33 existing holdings were added to, 5 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Avantis US Large Cap Value (AVLV); Sold out: Dow Inc (DOW); Sold out: Amazon.com Inc (AMZN); New buy: Nvidia CORP (NVDA); Add: Vanguard S&p 500 ETF (VOO) — shares +1.74%
What sectors does Freestate Advisors LLC focus on?
Freestate Advisors LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 44.4%
• Communication Services: 23.8%
• Industrials: 22.0%
• Financials: 9.9%
Investment Profile
Freestate Advisors LLC returned an annualized 11.6% over the trailing 21 months — outperforming the S&P 500 by 3.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.47 (less volatile than the market) and a 48% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 44.4% of the portfolio concentrated in Information Technology.
It has added to its VOO position over the past two quarters (+$2.6M, now $17.7M), while trimming BIL over the same stretch (-$577.6K, still holding $3.8M).
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Developer Access
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