K&
Kearns & Associates LLC Quarterly 13F Portfolio Update (Q2 2026)
Kearns & Associates LLCCIK: 0001908695
Momentum followerConcentrated strategySector-focused
Total reported value
$214.2M
Reporting period: 2026-06-30 · Number of holdings: 41
Kearns & Associates LLC disclosed 41 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $214.2M and a quarterly turnover rate of 15.1%.
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Personality snowflake
- Concentration
- 78.26
- Portfolio Stability
- 15.14
- Momentum
- 100
- Sector conviction
- 70.05
- Diversification
- 82
- Sizing Uniformity
- 73.17
Kearns & Associates LLC's disclosed holdings carry a Herfindahl concentration index of 0.196 — mathematically equivalent to about 5 equally-sized positions, well below its 41 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 2.68), 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 5.2 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 VTI
+1.6% $9.6M
Add FBND
+96.2% $796.0K
Trim VEA
+1.1% $2.6M
Trim VOO
-0.5% $7.8M
Sold out MRSH
New buy AVGO
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 | 30.48% | +0.51% | +1.61% | |
| 2 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 28.93% | -0.23% | -0.52% | |
| 3 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 10.93% | -0.27% | +1.13% | |
| 4 | VB | Vanguard Small-cap ETF | ETF-Other | 5.57% | +0.07% | +0.77% | |
| 5 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 3.48% | +0.12% | +8.37% | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 3.15% | -0.12% | -3.33% | |
| 7 | AAPL | Apple Inc | Stock-Tech | 2.80% | -0.03% | — | |
| 8 | RPRX | Royalty Pharma plc | Stock-Healthcare | 1.52% | +0.02% | — | |
| 9 | SCHF | Schwab Intl Equity ETF | ETF-Other | 1.21% | +0.01% | +3.88% | |
| 10 | VUG | Vanguard Growth ETF | ETF-Other | 1.03% | +0.03% | +500.21% | |
| 11 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.80% | +0.06% | — | |
| 12 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.79% | +0.05% | — | |
| 13 | FBND | Fidelity Total Bond ETF | ETF-Other | 0.76% | +0.31% | +96.24% | |
| 14 | MSFT | Microsoft CORP | Stock-Tech | 0.75% | -0.11% | — | |
| 15 | IGM | Ishares Expanded Tech Sector | ETF-Tech | 0.63% | +0.11% | — | |
| 16 | PJUL | Innovator U.s. Equity Power | ETF-Other | 0.59% | -0.05% | — | |
| 17 | BAC | Bank Of America CORP | Stock-Financials | 0.52% | +0.01% | — | |
| 18 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.52% | — | — | |
| 19 | V | Visa Inc-class A Shares | Stock-Financials | 0.51% | -0.01% | — | |
| 20 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.47% | +0.01% | — | |
| 21 | SCHE | Schwab Emrg Mrkts Eqty ETF | ETF-Other | 0.45% | -0.01% | +1.92% | |
| 22 | AXP | American Express Co | Stock-Financials | 0.44% | -0.02% | — | |
| 23 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.40% | +0.01% | — | |
| 24 | SCHW | Schwab (charles) CORP | Stock-Financials | 0.39% | -0.07% | — | |
| 25 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.30% | -0.01% | — | |
| 26 | OXY | Occidental Petroleum CORP | Stock-Energy | 0.26% | -0.14% | — | |
| 27 | VNQ | Vanguard Real Estate ETF | ETF-Other | 0.24% | -0.01% | +0.63% | |
| 28 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.23% | -0.03% | -9.40% | |
| 29 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.22% | -0.03% | — | |
| 30 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.21% | — | +0.17% | |
| 31 | AVGO | Broadcom Inc | Stock-Tech | 0.18% | +0.18% | NEW | |
| 32 | EQIX | Equinix Inc | Stock-Real Estate | 0.16% | -0.02% | — | |
| 33 | QCOM | Qualcomm Inc | Stock-Tech | 0.16% | +0.03% | — | |
| 34 | MS | Morgan Stanley | Stock-Financials | 0.15% | +0.02% | — | |
| 35 | WFC | Wells Fargo & Co | Stock-Financials | 0.12% | -0.10% | -39.05% | |
| 36 | GLD | Spdr Gold Shares | ETF-Commodities | 0.12% | -0.04% | — | |
| 37 | IWV | Ishares Russell 3000 ETF | ETF-Other | 0.11% | — | — | |
| 38 | SYK | Stryker CORP | Stock-Healthcare | 0.11% | -0.02% | — | |
| 39 | COF | Capital One Financial CORP | Stock-Financials | 0.10% | -0.11% | -50.00% | |
| 40 | MDY | State Street Spdr S&p Midcap | ETF-Other | 0.10% | +0.10% | NEW | |
| 41 | BKR | Baker Hughes Co | Stock-Energy | 0.10% | -0.02% | — |
Portfolio Performance
Performance for Q3 2026
+2.6%
Performance Last 4 Quarters
+22.6%
- Stdev
- +12.5%
- Beta
- +0.95
- Alpha
- +0.5%
- Max Drawdown
- -7%
- Annualized Perf
- +20.5%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +3.24
- Stutzer
- +0.46
- Treynor
- +0.2
- Sterling
- +1.33
- Calmar
- +2.94
- Information Ratio
- -0.25
- Tracking Error
- +1.9%
- Stdev Down
- +6%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +34.3%
- Worst 12 Months
- +7.1%
- Efficiency Ratio
- +0.65
- Sharpe
- +1.57
- Stdev Sectors
- +11.4%
- Skewness
- 0
- Kurtosis
- -0.13
- Upside Potential
- +4.8
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 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 2026-06-30: New buy: Broadcom Inc (AVGO); Sold out: Marsh & Mclennan Cos (MRSH); New buy: State Street Spdr S&p Midcap (MDY); Add: Vanguard Total Stock Mkt ETF (VTI) — shares +1.61%; Add: Fidelity Total Bond ETF (FBND) — shares +96.24%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | +0.5% | +1.61% | Add |
| 2 | FBND | Fidelity Total Bond ETF | +0.3% | +96.24% | Add |
| 3 | AVGO | Broadcom Inc | +0.2% | NEW | New buy |
| 4 | VWO | Vanguard Ftse Emerging Marke | +0.1% | +8.37% | Add |
| 5 | IGM | Ishares Expanded Tech Sector | +0.1% | — | Unchanged |
| 6 | MDY | State Street Spdr S&p Midcap | +0.1% | NEW | New buy |
| 7 | VB | Vanguard Small-cap ETF | +0.1% | +0.77% | Add |
| 8 | GOOGL | Alphabet Inc-cl A | +0.1% | — | Unchanged |
| 9 | GOOG | Alphabet Inc-cl C | +0.1% | — | Unchanged |
| 10 | VUG | Vanguard Growth ETF | 0% | +500.21% | Add |
| 11 | QCOM | Qualcomm Inc | 0% | — | Unchanged |
| 12 | RPRX | Royalty Pharma plc | 0% | — | Unchanged |
| 13 | MS | Morgan Stanley | 0% | — | Unchanged |
| 14 | SCHF | Schwab Intl Equity ETF | 0% | +3.88% | Add |
| 15 | GS | Goldman Sachs Group Inc | 0% | — | Unchanged |
| 16 | BAC | Bank Of America CORP | 0% | — | Unchanged |
| 17 | IJR | Ishares Core S&p Small-cap E | 0% | — | Unchanged |
| 18 | AMZN | Amazon.com Inc | — | — | Unchanged |
| 19 | IVV | Ishares Core S&p 500 ETF | — | +0.17% | Add |
| 20 | IWV | Ishares Russell 3000 ETF | — | — | Unchanged |
| 21 | V | Visa Inc-class A Shares | 0% | — | Unchanged |
| 22 | SCHE | Schwab Emrg Mrkts Eqty ETF | 0% | +1.92% | Add |
| 23 | JPM | Jpmorgan Chase & Co | 0% | — | Unchanged |
| 24 | VNQ | Vanguard Real Estate ETF | 0% | +0.63% | Add |
| 25 | AXP | American Express Co | 0% | — | Unchanged |
| 26 | EQIX | Equinix Inc | 0% | — | Unchanged |
| 27 | BKR | Baker Hughes Co | 0% | — | Unchanged |
| 28 | SYK | Stryker CORP | 0% | — | Unchanged |
| 29 | AAPL | Apple Inc | 0% | — | Unchanged |
| 30 | TMO | Thermo Fisher Scientific Inc | 0% | — | Unchanged |
| 31 | JNJ | Johnson & Johnson | 0% | -9.40% | Trim |
| 32 | GLD | Spdr Gold Shares | 0% | — | Unchanged |
| 33 | PJUL | Innovator U.s. Equity Power | -0.1% | — | Unchanged |
| 34 | SCHW | Schwab (charles) CORP | -0.1% | — | Unchanged |
| 35 | WFC | Wells Fargo & Co | -0.1% | -39.05% | Trim |
| 36 | COF | Capital One Financial CORP | -0.1% | -50.00% | Trim |
| 37 | MSFT | Microsoft CORP | -0.1% | — | Unchanged |
| 38 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | -3.33% | Trim |
| 39 | OXY | Occidental Petroleum CORP | -0.1% | — | Unchanged |
| 40 | MRSH | Marsh & Mclennan Cos | -0.2% | EXIT | Sold out |
| 41 | VOO | Vanguard S&p 500 ETF | -0.2% | -0.52% | Trim |
| 42 | VEA | Vanguard Ftse Developed ETF | -0.3% | +1.13% | Add |
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 (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $214.2M, spread across 41 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) — $65.3M (30.5%)
2. Vanguard S&p 500 ETF (VOO) — $62.0M (28.9%)
3. Vanguard Ftse Developed ETF (VEA) — $23.4M (10.9%)
4. Vanguard Small-cap ETF (VB) — $11.9M (5.6%)
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 18 notable position adjustments: 2 new positions were initiated, 10 existing holdings were added to, 5 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Broadcom Inc (AVGO); Sold out: Marsh & Mclennan Cos (MRSH); New buy: State Street Spdr S&p Midcap (MDY); Add: Vanguard Total Stock Mkt ETF (VTI) — shares +1.61%; Add: Fidelity Total Bond ETF (FBND) — shares +96.24%
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: 33.5%
• Financials: 25.9%
• Health Care: 17.9%
• Communication Services: 13.7%
• Consumer Discretionary: 4.5%
• Energy: 3.1%
Investment Profile
Kearns & Associates LLC returned an annualized 20.5% over the trailing 36 months — outperforming the S&P 500 by 0.5 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 44% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 33.5% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 15 over the past 4 quarters — a shift toward more active trading.
It has added to its VEA position over the past two quarters (+$3.5M, now $23.4M), while trimming WFC over the same stretch (-$388.0K, still holding $264.4K).
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Developer Access
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