HW
HB Wealth Management, LLC 13F Filings & Institutional Holdings (Q2 2026)
HB Wealth Management, LLCCIK: 0001911253
Diversified strategyLong-term holder
Total reported value
$17.8B
Reporting period: 2026-06-30 · Number of holdings: 1719
HB Wealth Management, LLC disclosed 1719 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $17.8B and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 18.29
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 51.29
- Diversification
- 100
- Sizing Uniformity
- 12.34
HB Wealth Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.046 — mathematically equivalent to about 22 equally-sized positions, well below its 1719 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 8.77), 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 30% 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 XOM
Trim JCPB
+8.4% $54.7M
Trim JPST
+5.4% $25.6M
Trim VIG
+1.6% $145.6M
Add AVUS
+4.9% $133.2M
Add MU
+4.8% $35.0M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
HB Wealth Management added across virtually the entire book this quarter, with the bulk of marginal inflows going into broad-based equity ETFs (VTI, AVUS) and dividend-growth products (VIG, QLTY), while fully exiting XOM. With 1,701 holdings and maximum diversification, this is a passive-core portfolio making modest active tilts at the edges — weight changes are small, consistent with rebalancing rather than a directional macro bet.
Macro & Fundamentals
The flow pattern shows capital rotating into US large-cap and total-market exposure while maintaining international equity (VXUS) and fixed income (JCPB) positions. This may indicate a defensive posture balancing domestic growth confidence against global uncertainty and rate sensitivity — but that is an inference from limited position data, not a confirmed causal claim.
Blind Spots / Risks
The notable vulnerability sits in the portfolio's superficial diversification: with a coefficient of variation of 8.77, hundreds of the 1,701 positions carry negligible weights, leaving the real performance engine concentrated in a handful of ETFs — VTI alone is nearly 17% of assets. Should those core passive vehicles experience a crowding-driven drawdown, the 'diversified' portfolio would offer little more shelter than a plain index fund, and the zero turnover ratio means there is no mechanism to defensively reposition in a sharp tape.
This overview is machine-generated from this institution's regulatory filings on SEC EDGAR and describes past disclosures only — it does not constitute financial advice. View the original 2026-06-30 Form 13F filing on SEC.gov
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 1719 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 17.32% | +0.09% | +0.37% | |
| 2 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 7.69% | -0.25% | +1.63% | |
| 3 | AVUS | Avantis U.s. Equity ETF | ETF-Other | 4.33% | +0.20% | +4.90% | |
| 4 | JCPB | Jpmorgan Core Plus Bond ETF | ETF-Other | 4.10% | -0.28% | +8.37% | |
| 5 | VXUS | Vanguard Total Intl Stock | ETF-Other | 3.97% | -0.03% | +3.73% | |
| 6 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 2.84% | -0.27% | +5.39% | |
| 7 | AAPL | Apple Inc | Stock-Tech | 2.62% | -0.03% | +0.08% | |
| 8 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.98% | +0.01% | +0.90% | |
| 9 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 1.70% | +0.06% | -1.61% | |
| 10 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 1.63% | — | -11.63% | |
| 11 | QLTY | Gmo U.s. Quality ETF | ETF-Other | 1.52% | +0.14% | +13.48% | |
| 12 | HD | Home Depot Inc | Stock-Consumer Disc | 1.34% | -0.11% | +0.09% | |
| 13 | NVDA | Nvidia CORP | Stock-Tech | 1.30% | +0.03% | +3.14% | |
| 14 | MSFT | Microsoft CORP | Stock-Tech | 1.16% | -0.14% | +2.26% | |
| 15 | SCHB | Schwab US Broad Market ETF | ETF-Other | 1.07% | — | -0.37% | |
| 16 | GSLC | Goldman Activebeta US Lc ETF | ETF-Commodities | 1.04% | +0.03% | +4.56% | |
| 17 | JMST | JPM Ultra-short Muni Income | ETF-Other | 0.93% | +0.09% | +28.07% | |
| 18 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.93% | -0.02% | -1.76% | |
| 19 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 0.92% | — | -0.38% | |
| 20 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.90% | +0.05% | -1.31% | |
| 21 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.88% | +0.01% | +1.82% | |
| 22 | AVDE | Avantis International Equity | ETF-Other | 0.85% | -0.06% | +1.70% | |
| 23 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.82% | +0.06% | +8.27% | |
| 24 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.71% | +0.07% | +3.47% | |
| 25 | GSIE | Goldman Sachs Activebeta Int | ETF-Commodities | 0.66% | -0.05% | +1.58% | |
| 26 | AVEM | Avantis Emerging Markets Eq | ETF-Emerging Markets | 0.60% | +0.05% | +4.50% | |
| 27 | AVGO | Broadcom Inc | Stock-Tech | 0.57% | +0.04% | +1.81% | |
| 28 | TROW | T Rowe Price Group Inc | Stock-Financials | 0.57% | -0.02% | -10.82% | |
| 29 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 0.53% | +0.03% | +11.42% | |
| 30 | DUHP | Dimensional US High Profi Et | ETF-Other | 0.52% | +0.05% | +12.08% | |
| 31 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.52% | +0.01% | +2.57% | |
| 32 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.51% | -0.04% | +1.36% | |
| 33 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.49% | -0.01% | +0.51% | |
| 34 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 0.45% | -0.01% | -0.56% | |
| 35 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.43% | +0.05% | +2.26% | |
| 36 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.43% | -0.05% | -0.83% | |
| 37 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.40% | +0.04% | +0.19% | |
| 38 | V | Visa Inc-class A Shares | Stock-Financials | 0.38% | — | +1.44% | |
| 39 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.37% | — | +17.79% | |
| 40 | DFAU | Dimensional US Core Equity M | ETF-Other | 0.36% | -0.01% | -2.24% | |
| 41 | IWD | Ishares Russell 1000 Value E | ETF-Other | 0.33% | — | +3.43% | |
| 42 | SCHG | Schwab US Large-cap Growth | ETF-Other | 0.33% | — | -0.80% | |
| 43 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 0.32% | -0.01% | +8.36% | |
| 44 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.31% | +0.01% | +9.91% | |
| 45 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.30% | +0.01% | +308.61% | |
| 46 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.29% | +0.01% | +5.02% | |
| 47 | ALB | Albemarle CORP | Stock-Materials | 0.29% | -0.18% | -5.19% | |
| 48 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.28% | — | +0.96% | |
| 49 | CSCO | Cisco Systems Inc | Stock-Tech | 0.27% | +0.06% | -1.91% | |
| 50 | MU | Micron Technology Inc | Stock-Tech | 0.27% | +0.18% | +4.78% |
1–50 of 200
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Portfolio Performance
Performance for Q3 2026
+2.5%
Performance Last 4 Quarters
+18.6%
- Stdev
- +11.2%
- Beta
- +0.86
- Alpha
- +0.1%
- Max Drawdown
- -6.8%
- Annualized Perf
- +17.9%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +3.03
- Stutzer
- +0.44
- Treynor
- +0.2
- Sterling
- +1.18
- Calmar
- +2.64
- Information Ratio
- -1.08
- Tracking Error
- +2.6%
- Stdev Down
- +5.7%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +30.6%
- Worst 12 Months
- +7.1%
- Efficiency Ratio
- +0.62
- Sharpe
- +1.53
- Stdev Sectors
- +8.5%
- Skewness
- -0.16
- Kurtosis
- -0.22
- Upside Potential
- +4.56
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 1719 | $17.8B | 0 | ||
| 2026 Q1 | 1547 | $15.5B | 12 | ||
| 2025 Q4 | 1404 | $15.5B | 8 | ||
| 2025 Q3 | 1341 | $14.8B | 29 | ||
| 2025 Q2 | 1162 | $12.6B | 0 | ||
| 2025 Q1 | 1221 | $11.9B | 0 | ||
| 2024 Q4 | 1076 | $9.8B | 0 | ||
| 2024 Q3 | 979 | $9.3B | 0 | ||
| 2024 Q2 | 935 | $8.6B | 0 | ||
| 2024 Q1 | 847 | $7.9B | 0 | ||
| 2023 Q4 | 787 | $7.0B | 0 | ||
| 2023 Q3 | 759 | $6.2B | 0 | ||
| 2023 Q2 | 729 | $6.3B | 0 | ||
| 2023 Q1 | 716 | $5.8B | 0 | ||
| 2022 Q4 | 690 | $5.5B | 0 | ||
| 2022 Q3 | 577 | $4.7B | 0 | ||
| 2022 Q2 | 574 | $4.9B | 0 | ||
| 2022 Q1 | 590 | $5.4B | 0 | ||
| 2021 Q4 | 520 | $5.0B | 0 |
Holding changes this quarter
HB Wealth Management, LLC's most significant position changes for 2026-06-30: Sold out: Exxon Mobil CORP (XOM); Sold out: Honeywell International Inc (HON); New buy: AstraZeneca PLC (AZN); New buy: Ft Energy Income ETF (EIPI); New buy: Ishares Ultra Short Duration (ICSH).
Showing top 200 changes by size (of 1779 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AVUS | Avantis U.s. Equity ETF | +0.2% | +4.90% | Add |
| 2 | MU | Micron Technology Inc | +0.2% | +4.78% | Add |
| 3 | SHOP | Shopify Inc - Class A | +0.2% | +2377.68% | Add |
| 4 | DFAX | Dimensional World Ex US Core | +0.2% | +1470.73% | Add |
| 5 | QLTY | Gmo U.s. Quality ETF | +0.1% | +13.48% | Add |
| 6 | AMD | Advanced Micro Devices | +0.1% | -5.59% | Trim |
| 7 | INTC | Intel CORP | +0.1% | -2.22% | Trim |
| 8 | LRCX | Lam Research CORP | +0.1% | -6.45% | Trim |
| 9 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | +0.37% | Add |
| 10 | JMST | JPM Ultra-short Muni Income | +0.1% | +28.07% | Add |
| 11 | VTV | Vanguard Value ETF | +0.1% | +100.26% | Add |
| 12 | AMAT | Applied Materials Inc | +0.1% | +6.05% | Add |
| 13 | GOOG | Alphabet Inc-cl C | +0.1% | +3.47% | Add |
| 14 | KLAC | Kla CORP | +0.1% | +927.07% | Add |
| 15 | IVW | Ishares S&p 500 Growth ETF | +0.1% | -1.61% | Trim |
| 16 | VOO | Vanguard S&p 500 ETF | +0.1% | +8.27% | Add |
| 17 | CSCO | Cisco Systems Inc | +0.1% | -1.91% | Trim |
| 18 | GOOGL | Alphabet Inc-cl A | +0.1% | -1.31% | Trim |
| 19 | AVEM | Avantis Emerging Markets Eq | +0.1% | +4.50% | Add |
| 20 | DUHP | Dimensional US High Profi Et | +0.1% | +12.08% | Add |
| 21 | LLY | Eli Lilly & Co | +0.1% | +2.26% | Add |
| 22 | CAT | Caterpillar Inc | +0.1% | -3.08% | Trim |
| 23 | IJR | Ishares Core S&p Small-cap E | +0.1% | +21.23% | Add |
| 24 | UNH | Unitedhealth Group Inc | +0.1% | +18.88% | Add |
| 25 | AVGO | Broadcom Inc | 0% | +1.81% | Add |
| 26 | QQQ | Invesco Qqq Trust Series 1 | 0% | +0.19% | Add |
| 27 | VUG | Vanguard Growth ETF | 0% | +590.16% | Add |
| 28 | DVY | Ishares Select Dividend ETF | 0% | +47.66% | Add |
| 29 | BAC | Bank Of America CORP | 0% | +25.52% | Add |
| 30 | TXN | Texas Instruments Inc | 0% | +2.47% | Add |
| 31 | IEMG | Ishares Core Msci Emerging | 0% | +174.66% | Add |
| 32 | TSM | Taiwan Semiconductor-sp Adr | 0% | +11.03% | Add |
| 33 | PANW | Palo Alto Networks Inc | 0% | -2.58% | Trim |
| 34 | BND | Vanguard Total Bond Market | 0% | +218.79% | Add |
| 35 | NVDA | Nvidia CORP | 0% | +3.14% | Add |
| 36 | GSLC | Goldman Activebeta US Lc ETF | 0% | +4.56% | Add |
| 37 | VEU | Vanguard Ftse All-world Ex-u | 0% | +11.42% | Add |
| 38 | VB | Vanguard Small-cap ETF | 0% | +16.23% | Add |
| 39 | SNDK | Sandisk CORP | 0% | -1.87% | Trim |
| 40 | GLW | Corning Inc | 0% | -9.30% | Trim |
| 41 | WDC | Western Digital CORP | 0% | +5.82% | Add |
| 42 | ATLC | Atlanticus Holdings CORP | 0% | +0.13% | Add |
| 43 | MRVL | Marvell Technology Inc | 0% | +17.28% | Add |
| 44 | CRWD | Crowdstrike Holdings Inc - A | 0% | +3.78% | Add |
| 45 | DELL | Dell Technologies -c | 0% | +35.60% | Add |
| 46 | FNDF | Schwab Fndmn Intl Lrg Co ETF | 0% | +1386.05% | Add |
| 47 | AZN | AstraZeneca PLC | 0% | NEW | New buy |
| 48 | EIPI | Ft Energy Income ETF | 0% | NEW | New buy |
| 49 | VGT | Vanguard Info Tech ETF | 0% | +668.79% | Add |
| 50 | VBR | Vanguard Small-cap Value ETF | 0% | +24.61% | Add |
1–50 of 200
Filing History
FAQ
What is HB Wealth Management, LLC and what type of investor is it?
HB Wealth Management, 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 $17.8B, spread across 1719 disclosed positions.
What are HB Wealth Management, LLC's largest equity positions?
Based on the latest 13F filing, HB Wealth Management, LLC's top holdings by market value are:
1. Vanguard Total Stock Mkt ETF (VTI) — $3.1B (17.3%)
2. Vanguard Dividend Apprec ETF (VIG) — $1.4B (7.7%)
3. Avantis U.s. Equity ETF (AVUS) — $771.9M (4.3%)
4. Jpmorgan Core Plus Bond ETF (JCPB) — $730.9M (4.1%)
5. Vanguard Total Intl Stock (VXUS) — $707.5M (4.0%)
What changes did HB Wealth Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, HB Wealth Management, LLC made 199 notable position adjustments: 11 new positions were initiated, 131 existing holdings were added to, 54 positions were partially reduced, and 3 were completely exited. The largest of these moves: Sold out: Exxon Mobil CORP (XOM); Sold out: Honeywell International Inc (HON); New buy: AstraZeneca PLC (AZN); New buy: Ft Energy Income ETF (EIPI); New buy: Ishares Ultra Short Duration (ICSH)
What sectors does HB Wealth Management, LLC focus on?
HB Wealth Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 33.0%
• Financials: 13.8%
• Consumer Discretionary: 11.8%
• Health Care: 9.3%
• Industrials: 8.8%
• Communication Services: 8.5%
Investment Profile
HB Wealth Management, LLC returned an annualized 17.9% over the trailing 36 months — outperforming the S&P 500 by 0.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.86 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 33.0% of the portfolio concentrated in Information Technology.
It has added to its QLTY position over the past two quarters (+$252.0M, now $271.3M), while trimming ACN over the same stretch (-$21.7M, still holding $14.5M).
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