H&
Horst & Graben Wealth Management LLC — 13F Portfolio Analysis & Stock Picks (Q2 2026)
Horst & Graben Wealth Management LLCCIK: 0001818207
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$760.2M
Reporting period: 2026-06-30 · Number of holdings: 205
Horst & Graben Wealth Management LLC disclosed 205 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $760.2M and a quarterly turnover rate of 27.4%.
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Personality snowflake
- Concentration
- 12.65
- Portfolio Stability
- 27.39
- Momentum
- 100
- Sector conviction
- 61.98
- Diversification
- 100
- Sizing Uniformity
- 76.53
Horst & Graben Wealth Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.032 — mathematically equivalent to about 32 equally-sized positions, well below its 205 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 2.35), 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 13% 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 SPYM
+62.4% $31.3M
Trim QUAL
-72.3% -$16.8M
New buy IALT
Add IUSB
+64.7% $16.7M
Trim EFV
-73.8% -$12.1M
New buy GGOV
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 205 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 10.03% | +3.85% | +62.45% | |
| 2 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | ETF-Other | 5.68% | +2.05% | +64.70% | |
| 3 | DYNF | Ishrs US E F R A Etf-usd Inc | ETF-Other | 5.61% | +0.07% | +0.01% | |
| 4 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 4.72% | +0.02% | -0.18% | |
| 5 | SCHZ | Schwab US Aggregate Bond ETF | ETF-Other | 4.47% | -0.07% | +3.78% | |
| 6 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 3.95% | -0.73% | -15.12% | |
| 7 | CORO | Ish Intl Ctry Rot Act ETF | ETF-Other | 3.62% | +0.10% | +2.62% | |
| 8 | MBB | Ishares Mbs ETF | ETF-Other | 3.10% | +0.02% | +6.04% | |
| 9 | ACWX | Ishares Msci Acwi Ex US ETF | ETF-Other | 2.84% | +0.54% | +25.50% | |
| 10 | IWY | Ishares Russell Top 200 Grow | ETF-Other | 2.64% | +0.37% | +18.62% | |
| 11 | GOVT | Ishares US Treasury Bond ETF | ETF-Gov Bonds | 2.62% | -0.23% | -3.02% | |
| 12 | BAI | Ishrs Ai In And Tech Act ETF | ETF-Tech | 2.49% | -0.28% | -19.69% | |
| 13 | IALT | Ishrs Sys Alt Act ETF | ETF-Other | 2.13% | +2.13% | NEW | |
| 14 | XTEN | Bondbloxx Bbg 10y US Tsy ETF | ETF-Other | 1.90% | -0.88% | -27.98% | |
| 15 | IWX | Ishares Russell Top 200 Valu | ETF-Other | 1.87% | +0.10% | +2.06% | |
| 16 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.83% | +0.01% | +0.59% | |
| 17 | BLCR | Ishares Lrg Cp Cr Act Etf-ui | ETF-Other | 1.82% | +0.12% | +4.45% | |
| 18 | AAPL | Apple Inc | Stock-Tech | 1.77% | +0.08% | -0.75% | |
| 19 | SPMO | Invesco S&p 500 Momentum ETF | ETF-Large Cap & Growth | 1.70% | -0.27% | -23.47% | |
| 20 | SHLD | Global X Defense Tech ETF | ETF-Tech | 1.63% | +0.20% | +30.58% | |
| 21 | THRO | Ishares U.s. Thematic Rotati | ETF-Other | 1.47% | -0.72% | -33.69% | |
| 22 | GGOV | Ishares Global Gb Usd Ha ETF | ETF-Other | 1.29% | +1.29% | NEW | |
| 23 | AVEM | Avantis Emerging Markets Eq | ETF-Emerging Markets | 1.16% | -0.75% | -39.44% | |
| 24 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.98% | +0.07% | +0.02% | |
| 25 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 0.91% | -2.35% | -72.29% | |
| 26 | NVDA | Nvidia CORP | Stock-Tech | 0.90% | -0.17% | -4.10% | |
| 27 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 0.73% | -0.86% | -51.38% | |
| 28 | ESGU | Ishares Esg Aware Msci USA | ETF-Other | 0.71% | — | +0.02% | |
| 29 | EAGG | Ishares Esg Aware US Aggrega | ETF-Other | 0.68% | +0.10% | +22.94% | |
| 30 | LCTU | Ishares U.s. Carbon Transiti | ETF-Other | 0.62% | -0.06% | -9.07% | |
| 31 | OEF | Ishares S&p 100 ETF | ETF-Other | 0.60% | -0.01% | -0.66% | |
| 32 | IYW | Ishares Ustechnology ETF | ETF-Tech | 0.58% | +0.04% | -0.65% | |
| 33 | MTUM | Ishares Msci USA Momentum Fa | ETF-Other | 0.58% | +0.01% | -8.77% | |
| 34 | EFV | Ishares Msci Eafe Value ETF | ETF-Other | 0.57% | -1.68% | -73.78% | |
| 35 | BINC | Ishares Flex I A Etf-usd Inc | ETF-Other | 0.56% | -1.16% | -65.97% | |
| 36 | GLDM | Spdr Gold Minishares Trust | ETF-Commodities | 0.50% | -0.01% | +18.52% | |
| 37 | SUSC | Ishares Esg Aware Usd Corpor | ETF-Other | 0.50% | -0.14% | -19.18% | |
| 38 | DSI | Ishares Esg Msci Kld 400 ETF | ETF-Other | 0.49% | -0.01% | -3.14% | |
| 39 | STIP | Ishares 0-5 Year Tips Bond E | ETF-Other | 0.48% | +0.48% | NEW | |
| 40 | CVX | Chevron CORP | Stock-Energy | 0.46% | -0.08% | -1.25% | |
| 41 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.46% | -0.16% | -25.51% | |
| 42 | MSFT | Microsoft CORP | Stock-Tech | 0.41% | -0.05% | +4.03% | |
| 43 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.41% | -0.05% | -0.59% | |
| 44 | IAU | Ishares Gold Trust | ETF-Commodities | 0.40% | -0.09% | -2.33% | |
| 45 | USXF | Ishares Esg Advance Msci USA | ETF-Other | 0.37% | — | -3.47% | |
| 46 | DLR | Digital Realty Trust Inc | Stock-Real Estate | 0.35% | -0.05% | +0.14% | |
| 47 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 0.35% | +0.30% | +657.16% | |
| 48 | BNDX | Vanguard Total Intl Bond ETF | ETF-Other | 0.34% | -0.09% | -18.13% | |
| 49 | IWP | Ishares Russell Mid-cap Grow | ETF-Other | 0.32% | +0.01% | +0.14% | |
| 50 | IWB | Ishares Russell 1000 ETF | ETF-Other | 0.31% | — | -0.19% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+0.4%
Performance Last 4 Quarters
+16.9%
- Stdev
- +10.6%
- Beta
- +0.79
- Alpha
- -0.3%
- Max Drawdown
- -4.8%
- Annualized Perf
- +16.1%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.91
- Stutzer
- +0.43
- Treynor
- +0.2
- Sterling
- +1.14
- Calmar
- +3.34
- Information Ratio
- -1.17
- Tracking Error
- +3.8%
- Stdev Down
- +5.3%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +27.5%
- Worst 12 Months
- +7.5%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.47
- Stdev Sectors
- +10.3%
- Skewness
- -0.08
- Kurtosis
- -0.24
- Upside Potential
- +4.47
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 205 | $760.2M | 27 | ||
| 2026 Q1 | 195 | $729.0M | 33 | ||
| 2025 Q4 | 179 | $662.8M | 13 | ||
| 2025 Q3 | 179 | $654.7M | 38 | ||
| 2025 Q2 | 173 | $604.0M | 0 | ||
| 2025 Q1 | 161 | $557.5M | 100 | ||
| 2024 Q4 | 155 | $561.9M | 0 | ||
| 2024 Q3 | 154 | $557.1M | 0 | ||
| 2024 Q2 | 151 | $523.4M | 0 | ||
| 2024 Q1 | 144 | $491.3M | 0 | ||
| 2023 Q4 | 136 | $455.2M | 0 | ||
| 2023 Q3 | 134 | $406.5M | 0 | ||
| 2023 Q2 | 130 | $419.2M | 0 | ||
| 2023 Q1 | 131 | $403.2M | 0 | ||
| 2022 Q4 | 126 | $382.2M | 0 | ||
| 2022 Q3 | 123 | $352.7M | 0 | ||
| 2022 Q2 | 131 | $368.3M | 0 | ||
| 2022 Q1 | 134 | $409.2M | 0 | ||
| 2021 Q4 | 133 | $399.8M | 0 | ||
| 2021 Q3 | 135 | $362.9M | 0 | ||
| 2021 Q2 | 134 | $358.2M | 94 | ||
| 2021 Q1 | 129 | $317.7M | 41 | ||
| 2020 Q4 | 113 | $290.1M | 19 | ||
| 2020 Q3 | 108 | $257.6M | 34 | ||
| 2020 Q2 | 97 | $227.8M | 37 | ||
| 2020 Q1 | 89 | $190.1M | 0 |
Holding changes this quarter
Horst & Graben Wealth Management LLC's most significant position changes for 2026-06-30: New buy: Ishrs Sys Alt Act ETF (IALT); New buy: Ishares Global Gb Usd Ha ETF (GGOV); New buy: Ishares 0-5 Year Tips Bond E (STIP); New buy: Ishares Esg Aware 1-5 Year U (SUSB); New buy: Ishares Global Clean Energy (ICLN).
Showing top 200 changes by size (of 208 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPYM | Ste Str Spdr Pt S&p 500 ETF | +3.9% | +62.45% | Add |
| 2 | IALT | Ishrs Sys Alt Act ETF | +2.1% | NEW | New buy |
| 3 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | +2.1% | +64.70% | Add |
| 4 | GGOV | Ishares Global Gb Usd Ha ETF | +1.3% | NEW | New buy |
| 5 | ACWX | Ishares Msci Acwi Ex US ETF | +0.5% | +25.50% | Add |
| 6 | STIP | Ishares 0-5 Year Tips Bond E | +0.5% | NEW | New buy |
| 7 | IWY | Ishares Russell Top 200 Grow | +0.4% | +18.62% | Add |
| 8 | IEF | Ishares 7-10 Year Treasury B | +0.3% | +657.16% | Add |
| 9 | SUSB | Ishares Esg Aware 1-5 Year U | +0.2% | NEW | New buy |
| 10 | SHLD | Global X Defense Tech ETF | +0.2% | +30.58% | Add |
| 11 | BLCR | Ishares Lrg Cp Cr Act Etf-ui | +0.1% | +4.45% | Add |
| 12 | CORO | Ish Intl Ctry Rot Act ETF | +0.1% | +2.62% | Add |
| 13 | IWX | Ishares Russell Top 200 Valu | +0.1% | +2.06% | Add |
| 14 | EAGG | Ishares Esg Aware US Aggrega | +0.1% | +22.94% | Add |
| 15 | AAPL | Apple Inc | +0.1% | -0.75% | Trim |
| 16 | DYNF | Ishrs US E F R A Etf-usd Inc | +0.1% | +0.01% | Add |
| 17 | TSLA | Tesla Inc | +0.1% | +0.02% | Add |
| 18 | PANW | Palo Alto Networks Inc | +0.1% | +0.29% | Add |
| 19 | MRVL | Marvell Technology Inc | +0.1% | +10.49% | Add |
| 20 | CSCO | Cisco Systems Inc | +0.1% | — | Unchanged |
| 21 | ICLN | Ishares Global Clean Energy | +0.1% | NEW | New buy |
| 22 | IYW | Ishares Ustechnology ETF | 0% | -0.65% | Trim |
| 23 | AMAT | Applied Materials Inc | 0% | +0.61% | Add |
| 24 | INTC | Intel CORP | 0% | +11.71% | Add |
| 25 | LLY | Eli Lilly & Co | 0% | +17.92% | Add |
| 26 | HPE | Hewlett Packard Enterprise | 0% | NEW | New buy |
| 27 | CAT | Caterpillar Inc | 0% | +0.05% | Add |
| 28 | SNDK | Sandisk CORP | 0% | +0.39% | Add |
| 29 | IBM | Intl Business Machines CORP | 0% | NEW | New buy |
| 30 | GVI | Ishares Intermediate Governm | 0% | NEW | New buy |
| 31 | KIM | Kimco Realty CORP | 0% | NEW | New buy |
| 32 | LRCX | Lam Research CORP | 0% | NEW | New buy |
| 33 | CSX | Csx CORP | 0% | NEW | New buy |
| 34 | IMCV | Ishares Morningstar Mid-cap | 0% | NEW | New buy |
| 35 | IVW | Ishares S&p 500 Growth ETF | 0% | -0.18% | Trim |
| 36 | MBB | Ishares Mbs ETF | 0% | +6.04% | Add |
| 37 | MU | Micron Technology Inc | 0% | -34.06% | Trim |
| 38 | JNJ | Johnson & Johnson | 0% | +5.63% | Add |
| 39 | WDC | Western Digital CORP | 0% | — | Unchanged |
| 40 | GE | General Electric | 0% | +0.13% | Add |
| 41 | TRLV | Trulieve Cannabis CORP | 0% | NEW | New buy |
| 42 | AMD | Advanced Micro Devices | 0% | -6.35% | Trim |
| 43 | IVV | Ishares Core S&p 500 ETF | 0% | +0.59% | Add |
| 44 | MTUM | Ishares Msci USA Momentum Fa | 0% | -8.77% | Trim |
| 45 | EMXC | Ishares Msci Emr Mrk Ex Chna | 0% | -0.74% | Trim |
| 46 | SYSB | Ishares Systematic Bond ETF | 0% | +8.73% | Add |
| 47 | IWP | Ishares Russell Mid-cap Grow | 0% | +0.14% | Add |
| 48 | GNMA | Ishares Gnma Bond ETF | 0% | +15.23% | Add |
| 49 | ESS | Essex Property Trust Inc | 0% | — | Unchanged |
| 50 | NOW | Servicenow Inc | 0% | +0.25% | Add |
1–50 of 200
Filing History
FAQ
What is Horst & Graben Wealth Management LLC and what type of investor is it?
Horst & Graben 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 $760.2M, spread across 205 disclosed positions.
What are Horst & Graben Wealth Management LLC's largest equity positions?
Based on the latest 13F filing, Horst & Graben Wealth Management LLC's top holdings by market value are:
1. Ste Str Spdr Pt S&p 500 ETF (SPYM) — $76.3M (10.0%)
2. Ishr Cr Unvrse Usd Bd Etf-ui (IUSB) — $43.2M (5.7%)
3. Ishrs US E F R A Etf-usd Inc (DYNF) — $42.6M (5.6%)
4. Ishares S&p 500 Growth ETF (IVW) — $35.9M (4.7%)
5. Schwab US Aggregate Bond ETF (SCHZ) — $34.0M (4.5%)
What changes did Horst & Graben Wealth Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Horst & Graben Wealth Management LLC made 170 notable position adjustments: 13 new positions were initiated, 73 existing holdings were added to, 81 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Ishrs Sys Alt Act ETF (IALT); New buy: Ishares Global Gb Usd Ha ETF (GGOV); New buy: Ishares 0-5 Year Tips Bond E (STIP); New buy: Ishares Esg Aware 1-5 Year U (SUSB); New buy: Ishares Global Clean Energy (ICLN)
What sectors does Horst & Graben Wealth Management LLC focus on?
Horst & Graben Wealth Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 38.9%
• Consumer Discretionary: 14.8%
• Real Estate: 10.5%
• Financials: 7.6%
• Industrials: 7.5%
• Consumer Staples: 7.5%
Investment Profile
Horst & Graben Wealth Management LLC returned an annualized 16.1% over the trailing 36 months — underperforming the S&P 500 by 0.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.79 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 38.9% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 27 over the past 4 quarters — a shift toward more active trading.
It has added to its SPYM position over the past two quarters (+$42.2M, now $76.3M), while trimming EFV over the same stretch (-$20.1M, still holding $4.3M).
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