K&
Kearns & Associates LLC Quarterly 13F Portfolio Update (Q3 2026)
Kearns & Associates LLCCIK: 0001908695
Momentum followerLong-term holderConcentrated strategy
Total reported value
$217.6M
Reporting period: 2026-09-30 · Number of holdings: 39
Kearns & Associates LLC disclosed 39 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $217.6M and a quarterly turnover rate of 3.8%.
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Personality snowflake
- Concentration
- 77.67
- Portfolio Stability
- 3.8
- Momentum
- 100
- Sector conviction
- 72.68
- Diversification
- 78
- Sizing Uniformity
- 74.03
Kearns & Associates LLC's disclosed holdings carry a Herfindahl concentration index of 0.194 — mathematically equivalent to about 5 equally-sized positions, well below its 39 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 2.60), 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 2.8 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 12% 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 FBND
+90.1% $1.3M
Trim VB
-0.1% -$744.8K
Add AAPL
0.0% $905.6K
Add MSFT
0.0% $602.2K
Trim VEA
+0.0% -$204.5K
Trim VTI
-0.2% $581.2K
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 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 30.26% | -0.22% | -0.24% | |
| 2 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 29.01% | +0.08% | -0.16% | |
| 3 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 10.67% | -0.26% | +0.03% | |
| 4 | VB | Vanguard Small-cap ETF | ETF-Other | 5.14% | -0.43% | -0.10% | |
| 5 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 3.47% | -0.01% | +1.71% | |
| 6 | AAPL | Apple Inc | Stock-Tech | 3.17% | +0.37% | — | |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 3.16% | +0.01% | — | |
| 8 | RPRX | Royalty Pharma plc | Stock-Healthcare | 1.56% | +0.04% | — | |
| 9 | FBND | Fidelity Total Bond ETF | ETF-Other | 1.35% | +0.59% | +90.12% | |
| 10 | SCHF | Schwab Intl Equity ETF | ETF-Other | 1.21% | — | +2.12% | |
| 11 | VUG | Vanguard Growth ETF | ETF-Other | 1.06% | +0.03% | +0.01% | |
| 12 | MSFT | Microsoft CORP | Stock-Tech | 1.01% | +0.26% | — | |
| 13 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.76% | -0.04% | — | |
| 14 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.75% | -0.04% | — | |
| 15 | IGM | Ishares Expanded Tech Sector | ETF-Tech | 0.64% | +0.01% | — | |
| 16 | PJUL | Innovator U.s. Equity Power | ETF-Other | 0.59% | — | — | |
| 17 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.53% | +0.01% | — | |
| 18 | V | Visa Inc-class A Shares | Stock-Financials | 0.53% | +0.02% | — | |
| 19 | BAC | Bank Of America CORP | Stock-Financials | 0.49% | -0.03% | — | |
| 20 | SCHE | Schwab Emrg Mrkts Eqty ETF | ETF-Other | 0.45% | — | -0.00% | |
| 21 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.41% | -0.06% | — | |
| 22 | AXP | American Express Co | Stock-Financials | 0.39% | -0.05% | — | |
| 23 | SCHW | Schwab (charles) CORP | Stock-Financials | 0.39% | — | -3.33% | |
| 24 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.36% | -0.04% | — | |
| 25 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.30% | — | — | |
| 26 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.29% | +0.07% | — | |
| 27 | OXY | Occidental Petroleum CORP | Stock-Energy | 0.29% | +0.03% | — | |
| 28 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.23% | — | — | |
| 29 | VNQ | Vanguard Real Estate ETF | ETF-Other | 0.22% | -0.02% | +0.11% | |
| 30 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.21% | — | -0.17% | |
| 31 | QCOM | Qualcomm Inc | Stock-Tech | 0.16% | — | — | |
| 32 | EQIX | Equinix Inc | Stock-Real Estate | 0.16% | — | — | |
| 33 | VXUS | Vanguard Total Intl Stock | ETF-Other | 0.13% | +0.13% | NEW | |
| 34 | GLD | Spdr Gold Shares | ETF-Commodities | 0.12% | — | — | |
| 35 | WFC | Wells Fargo & Co | Stock-Financials | 0.12% | — | — | |
| 36 | IWV | Ishares Russell 3000 ETF | ETF-Other | 0.11% | — | — | |
| 37 | MS | Morgan Stanley | Stock-Financials | 0.10% | -0.05% | -25.00% | |
| 38 | COF | Capital One Financial CORP | Stock-Financials | 0.10% | — | — | |
| 39 | BKR | Baker Hughes Co | Stock-Energy | 0.09% | -0.01% | — |
Portfolio Performance
Performance for Q4 2026
+2.6%
Performance Last 4 Quarters
+15.5%
- Stdev
- +11.7%
- Beta
- +0.95
- Alpha
- +0.3%
- Max Drawdown
- -7%
- Annualized Perf
- +23.4%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +4.2
- Stutzer
- +0.55
- Treynor
- +0.23
- Sterling
- +1.52
- Calmar
- +3.36
- Information Ratio
- -0.46
- Tracking Error
- +2%
- Stdev Down
- +5.2%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +34.3%
- Worst 12 Months
- +7.1%
- Efficiency Ratio
- +0.8
- Sharpe
- +1.86
- Stdev Sectors
- +11.9%
- Skewness
- +0.05
- Kurtosis
- +0.21
- Upside Potential
- +5.62
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 39 | $217.6M | 4 | ||
| 2026 Q2 | 41 | $214.2M | 15 | ||
| 2026 Q1 | 40 | $185.9M | 6 | ||
| 2025 Q4 | 40 | $193.6M | 4 | ||
| 2025 Q3 | 42 | $188.4M | 20 | ||
| 2025 Q2 | 44 | $174.4M | 0 | ||
| 2025 Q1 | 42 | $154.2M | 0 | ||
| 2024 Q4 | 43 | $154.7M | 0 | ||
| 2024 Q3 | 43 | $151.7M | 0 | ||
| 2024 Q2 | 42 | $133.9M | 0 | ||
| 2024 Q1 | 42 | $129.1M | 0 | ||
| 2023 Q4 | 42 | $117.3M | 0 | ||
| 2023 Q3 | 43 | $106.0M | 0 | ||
| 2023 Q2 | 43 | $110.3M | 0 | ||
| 2023 Q1 | 42 | $100.5M | 0 | ||
| 2022 Q4 | 41 | $95.0M | 0 | ||
| 2022 Q3 | 13 | $73.9M | 0 | ||
| 2022 Q2 | 13 | $75.4M | 0 | ||
| 2022 Q1 | 16 | $96.4M | 0 | ||
| 2021 Q4 | 16 | $102.3M | 0 |
💡
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.
Holding changes this quarter
Kearns & Associates LLC's most significant position changes for 2026-09-30: Sold out: Broadcom Inc (AVGO); New buy: Vanguard Total Intl Stock (VXUS); Sold out: Stryker CORP (SYK); Sold out: State Street Spdr S&p Midcap (MDY); Add: Fidelity Total Bond ETF (FBND) — shares +90.12%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | FBND | Fidelity Total Bond ETF | +0.6% | +90.12% | Add |
| 2 | AAPL | Apple Inc | +0.4% | — | Unchanged |
| 3 | MSFT | Microsoft CORP | +0.3% | — | Unchanged |
| 4 | VXUS | Vanguard Total Intl Stock | +0.1% | NEW | New buy |
| 5 | VOO | Vanguard S&p 500 ETF | +0.1% | -0.16% | Trim |
| 6 | TMO | Thermo Fisher Scientific Inc | +0.1% | — | Unchanged |
| 7 | RPRX | Royalty Pharma plc | 0% | — | Unchanged |
| 8 | VUG | Vanguard Growth ETF | 0% | +0.01% | Add |
| 9 | OXY | Occidental Petroleum CORP | 0% | — | Unchanged |
| 10 | V | Visa Inc-class A Shares | 0% | — | Unchanged |
| 11 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | — | Unchanged |
| 12 | AMZN | Amazon.com Inc | 0% | — | Unchanged |
| 13 | IGM | Ishares Expanded Tech Sector | 0% | — | Unchanged |
| 14 | SCHF | Schwab Intl Equity ETF | — | +2.12% | Add |
| 15 | PJUL | Innovator U.s. Equity Power | — | — | Unchanged |
| 16 | SCHW | Schwab (charles) CORP | — | -3.33% | Trim |
| 17 | EQIX | Equinix Inc | — | — | Unchanged |
| 18 | IVV | Ishares Core S&p 500 ETF | — | -0.17% | Trim |
| 19 | JNJ | Johnson & Johnson | — | — | Unchanged |
| 20 | GLD | Spdr Gold Shares | — | — | Unchanged |
| 21 | WFC | Wells Fargo & Co | — | — | Unchanged |
| 22 | COF | Capital One Financial CORP | — | — | Unchanged |
| 23 | JPM | Jpmorgan Chase & Co | — | — | Unchanged |
| 24 | SCHE | Schwab Emrg Mrkts Eqty ETF | — | -0.00% | Trim |
| 25 | IWV | Ishares Russell 3000 ETF | — | — | Unchanged |
| 26 | QCOM | Qualcomm Inc | — | — | Unchanged |
| 27 | VWO | Vanguard Ftse Emerging Marke | 0% | +1.71% | Add |
| 28 | BKR | Baker Hughes Co | 0% | — | Unchanged |
| 29 | VNQ | Vanguard Real Estate ETF | 0% | +0.11% | Add |
| 30 | BAC | Bank Of America CORP | 0% | — | Unchanged |
| 31 | IJR | Ishares Core S&p Small-cap E | 0% | — | Unchanged |
| 32 | GOOGL | Alphabet Inc-cl A | 0% | — | Unchanged |
| 33 | GOOG | Alphabet Inc-cl C | 0% | — | Unchanged |
| 34 | MS | Morgan Stanley | -0.1% | -25.00% | Trim |
| 35 | AXP | American Express Co | -0.1% | — | Unchanged |
| 36 | GS | Goldman Sachs Group Inc | -0.1% | — | Unchanged |
| 37 | MDY | State Street Spdr S&p Midcap | -0.1% | EXIT | Sold out |
| 38 | SYK | Stryker CORP | -0.1% | EXIT | Sold out |
| 39 | AVGO | Broadcom Inc | -0.2% | EXIT | Sold out |
| 40 | VTI | Vanguard Total Stock Mkt ETF | -0.2% | -0.24% | Trim |
| 41 | VEA | Vanguard Ftse Developed ETF | -0.3% | +0.03% | Add |
| 42 | VB | Vanguard Small-cap ETF | -0.4% | -0.10% | Trim |
Filing History
FAQ
What is Kearns & Associates LLC and what type of investor is it?
Kearns & Associates 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 (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $217.6M, spread across 39 disclosed positions.
What are Kearns & Associates LLC's largest equity positions?
Based on the latest 13F filing, Kearns & Associates LLC's top holdings by market value are:
1. Vanguard Total Stock Mkt ETF (VTI) — $65.9M (30.3%)
2. Vanguard S&p 500 ETF (VOO) — $63.1M (29.0%)
3. Vanguard Ftse Developed ETF (VEA) — $23.2M (10.7%)
4. Vanguard Small-cap ETF (VB) — $11.2M (5.1%)
5. Vanguard Ftse Emerging Marke (VWO) — $7.5M (3.5%)
What changes did Kearns & Associates LLC make in its most recent portfolio filing?
In the latest reported quarter, Kearns & Associates LLC made 17 notable position adjustments: 1 new positions were initiated, 6 existing holdings were added to, 7 positions were partially reduced, and 3 were completely exited. The largest of these moves: Sold out: Broadcom Inc (AVGO); New buy: Vanguard Total Intl Stock (VXUS); Sold out: Stryker CORP (SYK); Sold out: State Street Spdr S&p Midcap (MDY); Add: Fidelity Total Bond ETF (FBND) — shares +90.12%
What sectors does Kearns & Associates LLC focus on?
Kearns & Associates LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.7%
• Financials: 23.8%
• Health Care: 17.6%
• Communication Services: 12.8%
• Consumer Discretionary: 4.5%
• Energy: 3.2%
Investment Profile
Kearns & Associates LLC returned an annualized 23.4% over the trailing 36 months — outperforming the S&P 500 by 0.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.95 (roughly in line with the market) and a 39% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 36.7% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 20 to 4 over the past 4 quarters — a shift toward longer holding periods.
It has added to its VTI position over the past two quarters (+$10.2M, now $65.9M), while trimming COF over the same stretch (-$186.4K, still holding $209.5K).
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