CIK: 0001911253
Total reported value
$15.5B
Reporting period: 2026-03-31 · Number of holdings: 1547
HB Wealth Management, LLC disclosed 1547 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $15.5B and a quarterly turnover rate of 11.9%.
Browse other institutions with $10B to $100B AUMBrowse other institutions starting with "H"
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 1547 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 8.33), 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 22% 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.
Trim SPYG
-42.1% -$238.0M
Add QLTY
+1078.9% $194.4M
Trim VTI
+0.9% -$97.6M
Add JCPB
+16.5% $90.0M
Trim MSFT
+1.8% -$56.7M
Add AVUS
+9.4% $52.0M
HB Wealth Management’s Q1 2026 moves telegraph a deliberate capital rotation: trimming S&P 500 Growth ETFs (SPYG, IVW) while scaling into U.S. quality factor (QLTY), corporate bonds (JCPB), and international equities (VXUS). This isn’t a hedge — it’s a factor rotation designed to reduce exposure to pure-beta momentum and reposition into factors with relative momentum that has recently lagged quality and value. The low turnover and 1,500+ holdings suggest a core portfolio being fine-tuned, not a frantic tactical shift.
The implicit macro bet is that the U.S. growth premium has peaked and that the next regime will reward quality carry and non-U.S. diversification. HB is pricing in a compression of growth-equity multiples, a flattening of the Treasury curve (via JCPB bond holdings), and a reversal of the decade-long U.S. outperformance against international equities. The opposing thesis is that the U.S. exceptionalism narrative remains intact, that tech earnings momentum is self-reinforcing, and that quality factor is still expensive — HB’s aggressive momentum score (100/100) may reflect the very factor they are now exiting, creating a reflexivity trap if momentum turns.
HB’s extreme momentum tilt (100/100) combined with low position sizing discipline (16.7/100) and a massive tech overweight (35%) is a textbook crowded trade setup. They are adding to QLTY and bonds, but the core remains a momentum-dominant, high-beta portfolio that will get crushed on a growth-to-value rotation or a liquidity event. The real vulnerability: they are buying quality at a consensus time — QLTY’s recent rally has made it the new crowded factor. If the market regime shifts to where value or small-cap momentum leads, this portfolio’s factor skew will become a performance anchor. The diversification score (100) masks that most of the diversification is in similar macro risk factors — this is not robust to a deep cyclical downturn or a sustained spike in interest rates.
This overview is machine-generated from public regulatory data and describes past filings only — it does not constitute financial advice.
Showing top 200 holdings (of 1547 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 17.23% | -0.62% | +0.90% | |
| 2 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 7.94% | -0.09% | +1.01% | |
| 3 | JCPB | Jpmorgan Core Plus Bond ETF | ETF-Other | 4.38% | +0.59% | +16.50% | |
| 4 | AVUS | Avantis U.s. Equity ETF | ETF-Other | 4.13% | +0.34% | +9.45% | |
| 5 | VXUS | Vanguard Total Intl Stock | ETF-Other | 4.00% | +0.31% | +5.97% | |
| 6 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 3.11% | +0.04% | +1.14% | |
| 7 | AAPL | Apple INC | Stock-Tech | 2.65% | -0.10% | +3.10% | |
| 8 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.97% | -0.12% | -1.03% | |
| 9 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 1.64% | -0.25% | -5.71% | |
| 10 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 1.63% | -1.53% | -42.13% | |
| 11 | HD | Home Depot INC | Stock-Consumer Disc | 1.45% | -0.07% | -0.73% | |
| 12 | QLTY | Gmo U.s. Quality ETF | ETF-Other | 1.38% | +1.26% | +1078.90% | |
| 13 | MSFT | Microsoft CORP | Stock-Tech | 1.30% | -0.36% | +1.79% | |
| 14 | NVDA | Nvidia CORP | Stock-Tech | 1.27% | — | +8.05% | |
| 15 | SCHB | Schwab US Broad Market ETF | ETF-Other | 1.07% | -0.06% | -1.40% | |
| 16 | GSLC | Goldman Activebeta US Lc ETF | ETF-Commodities | 1.01% | — | +3.06% | |
| 17 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.95% | — | +3.86% | |
| 18 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 0.92% | -0.06% | -1.80% | |
| 19 | AVDE | Avantis International Equity | ETF-Other | 0.91% | — | -0.65% | |
| 20 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.87% | -0.07% | +3.23% | |
| 21 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.85% | -0.03% | +5.01% | |
| 22 | JMST | JPM Ultra-short Muni Income | ETF-Other | 0.84% | +0.12% | +17.18% | |
| 23 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.76% | — | +1.60% | |
| 24 | GSIE | Goldman Sachs Activebeta Int | ETF-Commodities | 0.71% | — | -1.40% | |
| 25 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.64% | -0.05% | +1.88% | |
| 26 | TROW | T Rowe Price Group INC | Stock-Financials | 0.59% | -0.16% | -10.85% | |
| 27 | AVEM | Avantis Emerging Markets Eq | ETF-Emerging Markets | 0.55% | +0.03% | +1.75% | |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.55% | — | +3.65% | |
| 29 | AVGO | Broadcom INC | Stock-Tech | 0.53% | — | +7.80% | |
| 30 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.51% | — | +1.18% | |
| 31 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.50% | — | +4.35% | |
| 32 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 0.50% | — | -0.32% | |
| 33 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.48% | +0.08% | +2.29% | |
| 34 | DUHP | Dimensional US High Profi Et | ETF-Other | 0.47% | — | +8.70% | |
| 35 | ALB | Albemarle CORP | Stock-Materials | 0.47% | +0.10% | +0.37% | |
| 36 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 0.46% | — | +0.65% | |
| 37 | XOM | Exxon Mobil CORP | Stock-Energy | 0.38% | +0.12% | +6.11% | |
| 38 | V | Visa Inc-class A Shares | Stock-Financials | 0.38% | -0.06% | -0.37% | |
| 39 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.38% | -0.03% | +6.61% | |
| 40 | DFAU | Dimensional US Core Equity M | ETF-Other | 0.37% | -0.04% | -4.80% | |
| 41 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.37% | — | +6.88% | |
| 42 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.36% | — | +0.35% | |
| 43 | WMT | Walmart INC | Stock-Consumer Staples | 0.35% | +0.04% | +2.54% | |
| 44 | SCHG | Schwab US Large-cap Growth | ETF-Other | 0.33% | -0.06% | -5.28% | |
| 45 | IWD | Ishares Russell 1000 Value E | ETF-Other | 0.33% | — | +0.68% | |
| 46 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 0.33% | +0.05% | +4.04% | |
| 47 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.31% | +0.04% | +4.89% | |
| 48 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.29% | — | +5.15% | |
| 49 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.28% | — | -0.89% | |
| 50 | TSLA | Tesla INC | Stock-Consumer Disc | 0.28% | -0.04% | +7.38% |
Performance for Q3 2026
+2.8%
Performance Last 4 Quarters
+18.6%
Based on 67% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 1547 | $15.5B | 12 | |
| 2025-12-31 | 1404 | $15.5B | 8 | |
| 2025-09-30 | 1341 | $14.8B | 29 | |
| 2025-06-30 | 1162 | $12.6B | 0 | |
| 2025-03-31 | 1221 | $11.9B | 0 | |
| 2024-12-31 | 1076 | $9.8B | 0 | |
| 2024-09-30 | 979 | $9.3B | 0 | |
| 2024-06-30 | 935 | $8.6B | 0 | |
| 2024-03-31 | 847 | $7.9B | 0 | |
| 2023-12-31 | 787 | $7.0B | 0 | |
| 2023-09-30 | 759 | $6.2B | 0 | |
| 2023-06-30 | 729 | $6.3B | 0 | |
| 2023-03-31 | 716 | $5.8B | 0 | |
| 2022-12-31 | 690 | $5.5B | 0 | |
| 2022-09-30 | 577 | $4.7B | 0 | |
| 2022-06-30 | 574 | $4.9B | 0 | |
| 2022-03-31 | 590 | $5.4B | 0 | |
| 2021-12-31 | 520 | $5.0B | 0 |
HB Wealth Management, LLC's most significant position changes for 2026-03-31: Sold out: Astrazeneca Plc-spons Adr (AZNN); Trim: Ss Spdr P S&p 500 Growth ETF (SPYG) — shares -42.13%; Add: Gmo U.s. Quality ETF (QLTY) — shares +1078.90%; Add: Vanguard Total Stock Mkt ETF (VTI) — shares +0.90%; Add: Jpmorgan Core Plus Bond ETF (JCPB) — shares +16.50%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | QLTY | Gmo U.s. Quality ETF | +1.3% | +1078.90% | Add |
| 2 | JCPB | Jpmorgan Core Plus Bond ETF | +0.6% | +16.50% | Add |
| 3 | AVUS | Avantis U.s. Equity ETF | +0.3% | +9.45% | Add |
| 4 | VXUS | Vanguard Total Intl Stock | +0.3% | +5.97% | Add |
| 5 | XOM | Exxon Mobil CORP | +0.1% | +6.11% | Add |
| 6 | JMST | JPM Ultra-short Muni Income | +0.1% | +17.18% | Add |
| 7 | ALB | Albemarle CORP | +0.1% | +0.37% | Add |
| 8 | JNJ | Johnson & Johnson | +0.1% | +2.29% | Add |
| 9 | CVX | Chevron CORP | +0.1% | +0.71% | Add |
| 10 | CAT | Caterpillar INC | +0.1% | +3.26% | Add |
| 11 | SCHD | Schwab US Dvd Equity ETF | +0.1% | +4.04% | Add |
| 12 | COST | Costco Wholesale CORP | +0.1% | +11.81% | Add |
| 13 | WMT | Walmart INC | 0% | +2.54% | Add |
| 14 | KO | Coca-cola Co/the | 0% | +4.89% | Add |
| 15 | ATLC | Atlanticus Holdings CORP | 0% | +1761.59% | Add |
| 16 | JPST | Jpmorgan Ultra-short Income | 0% | +1.14% | Add |
| 17 | T | At&t INC | 0% | +3.47% | Add |
| 18 | AVEM | Avantis Emerging Markets Eq | 0% | +1.75% | Add |
| 19 | MRK | Merck & Co. INC. | 0% | +5.80% | Add |
| 20 | MU | Micron Technology INC | 0% | +29.31% | Add |
| 21 | GEV | GE Vernova INC | 0% | +12.28% | Add |
| 22 | LLY | Eli Lilly & Co | 0% | +6.61% | Add |
| 23 | U | Unity Software INC | 0% | -0.10% | Trim |
| 24 | IGM | Ishares Expanded Tech Sector | 0% | -20.39% | Trim |
| 25 | GOOGL | Alphabet Inc-cl A | 0% | +5.01% | Add |
| 26 | TSLA | Tesla INC | 0% | +7.38% | Add |
| 27 | INTU | Intuit INC | 0% | -39.27% | Trim |
| 28 | Z | Zillow Group INC - C | 0% | +0.86% | Add |
| 29 | DFAU | Dimensional US Core Equity M | 0% | -4.80% | Trim |
| 30 | BRK-A | Berkshire Hathaway Inc-cl A | -0.1% | -27.03% | Trim |
| 31 | ORCL | Oracle CORP | -0.1% | +0.97% | Add |
| 32 | GOOG | Alphabet Inc-cl C | -0.1% | +1.88% | Add |
| 33 | HTRB | Hartford Ttl Rtrn Bnd ETF | -0.1% | -13.16% | Trim |
| 34 | SCHB | Schwab US Broad Market ETF | -0.1% | -1.40% | Trim |
| 35 | V | Visa Inc-class A Shares | -0.1% | -0.37% | Trim |
| 36 | SCHG | Schwab US Large-cap Growth | -0.1% | -5.28% | Trim |
| 37 | ITOT | Ishares Core S&p Total U.s. | -0.1% | -1.80% | Trim |
| 38 | HD | Home Depot INC | -0.1% | -0.73% | Trim |
| 39 | AMZN | Amazon.com INC | -0.1% | +3.23% | Add |
| 40 | ACN | Accenture plc | -0.1% | -13.10% | Trim |
| 41 | MINT | Pimco Enhanced Short Maturit | -0.1% | -28.99% | Trim |
| 42 | VIG | Vanguard Dividend Apprec ETF | -0.1% | +1.01% | Add |
| 43 | AAPL | Apple INC | -0.1% | +3.10% | Add |
| 44 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | -1.03% | Trim |
| 45 | TROW | T Rowe Price Group INC | -0.2% | -10.85% | Trim |
| 46 | IVW | Ishares S&p 500 Growth ETF | -0.3% | -5.71% | Trim |
| 47 | MSFT | Microsoft CORP | -0.4% | +1.79% | Add |
| 48 | VTI | Vanguard Total Stock Mkt ETF | -0.6% | +0.90% | Add |
| 49 | SPYG | Ss Spdr P S&p 500 Growth ETF | -1.5% | -42.13% | Trim |
| 50 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-27 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-28 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-23 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-17 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-07 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-15 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-15 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-26 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-30 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-16 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-13 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-13 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-20 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-19 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-15 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0001908450
Total reported value
$15.5B
16 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0001538449
Total reported value
$15.4B
126 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0001454027
Total reported value
$15.4B
2,192 stks
2026-03-31
AUM within 0.2% of this institution
Institutions with overlapping top holdings
CIK 0001504744
Total reported value
$4.5B
476 stks
2021-09-30
Stale — no recent filing
3 of the top 5 holdings overlap, including Vanguard Total Stock Mkt ETF
CIK 0001911695
Total reported value
$223.3M
41 stks
2026-03-31
3 of the top 5 holdings overlap, including Vanguard Total Stock Mkt ETF
CIK 0002011219
Total reported value
$238.5M
95 stks
2026-06-30
3 of the top 5 holdings overlap, including Vanguard Total Stock Mkt ETF