M&
Mason & Associates, LLC — 13F Portfolio Analysis & Stock Picks (Q3 2026)
Mason & Associates, LLCCIK: 0001895045
Momentum followerConcentrated strategySector-focused
Total reported value
$710.5M
Reporting period: 2026-09-30 · Number of holdings: 46
Mason & Associates, LLC disclosed 46 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $710.5M and a quarterly turnover rate of 39.8%.
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Personality snowflake
- Concentration
- 97.3
- Portfolio Stability
- 39.82
- Momentum
- 100
- Sector conviction
- 81.34
- Diversification
- 92
- Sizing Uniformity
- 67.73
Mason & Associates, LLC's disclosed holdings carry a Herfindahl concentration index of 0.243 — mathematically equivalent to about 4 equally-sized positions, well below its 46 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 3.23), 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 5.1 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 1% 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 VV
+104.4% $163.2M
Trim IUSB
+2.9% -$2.3M
Trim PYLD
+4.7% $66.2K
Add VO
+101.3% $24.8M
Trim DYNF
-0.1% $459.1K
Add SPDW
+103.8% $20.2M
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 | VV | Vanguard Large-cap ETF | ETF-Other | 44.02% | +12.90% | +104.43% | |
| 2 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | ETF-Other | 18.81% | -9.48% | +2.90% | |
| 3 | VO | Vanguard Mid-cap ETF | ETF-Other | 7.13% | +1.75% | +101.33% | |
| 4 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-Other | 5.60% | +1.52% | +103.78% | |
| 5 | PYLD | Pimco Multisector Bond Actv | ETF-Other | 3.84% | -1.82% | +4.70% | |
| 6 | DYNF | Ishrs US E F R A Etf-usd Inc | ETF-Other | 3.77% | -1.70% | -0.09% | |
| 7 | VB | Vanguard Small-cap ETF | ETF-Other | 3.60% | +0.69% | +94.39% | |
| 8 | IAGG | Ishares Intl Aggregate Bond | ETF-Other | 2.64% | -1.29% | +2.02% | |
| 9 | SPEM | State Street Sp Ptf Em ETF | ETF-Other | 1.94% | +0.57% | +109.13% | |
| 10 | AVDE | Avantis International Equity | ETF-Other | 1.77% | -0.74% | +3.10% | |
| 11 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.68% | -0.22% | +20.10% | |
| 12 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 0.66% | -0.29% | -1.23% | |
| 13 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.61% | -0.28% | -1.39% | |
| 14 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.58% | -0.27% | -2.29% | |
| 15 | IWL | Ishares Russell Top 200 ETF | ETF-Other | 0.47% | -0.22% | -0.61% | |
| 16 | MINO | Pimco Municipal Income Oppor | ETF-Other | 0.41% | -0.11% | +26.48% | |
| 17 | SCHB | Schwab US Broad Market ETF | ETF-Other | 0.40% | -0.18% | -0.05% | |
| 18 | AAPL | Apple Inc | Stock-Tech | 0.35% | -0.09% | — | |
| 19 | IWY | Ishares Russell Top 200 Grow | ETF-Other | 0.28% | -0.14% | -1.54% | |
| 20 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.25% | +0.06% | +96.72% | |
| 21 | VUG | Vanguard Growth ETF | ETF-Other | 0.22% | +0.07% | +100.00% | |
| 22 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 0.20% | -0.10% | -2.47% | |
| 23 | D | Dominion Energy Inc | Stock-Utilities | 0.18% | -0.11% | +6.31% | |
| 24 | IWR | Ishares Russell Mid-cap ETF | ETF-Other | 0.15% | -0.08% | -0.19% | |
| 25 | MGC | Vanguard Mega Cap ETF | ETF-Other | 0.14% | +0.04% | +98.87% | |
| 26 | DFAU | Dimensional US Core Equity M | ETF-Other | 0.12% | -0.06% | — | |
| 27 | VTV | Vanguard Value ETF | ETF-Other | 0.12% | +0.03% | +100.20% | |
| 28 | MGK | Vanguard Mega Cap Growth ETF | ETF-Other | 0.11% | +0.03% | +100.00% | |
| 29 | CSX | Csx CORP | Stock-Industrials | 0.11% | -0.05% | — | |
| 30 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.11% | -0.05% | — | |
| 31 | IWV | Ishares Russell 3000 ETF | ETF-Other | 0.09% | -0.04% | -0.96% | |
| 32 | SO | Southern Co/the | Stock-Utilities | 0.08% | -0.06% | — | |
| 33 | TFC | Truist Financial CORP | Stock-Financials | 0.07% | -0.04% | — | |
| 34 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.05% | -0.04% | — | |
| 35 | IWP | Ishares Russell Mid-cap Grow | ETF-Other | 0.05% | -0.03% | -2.43% | |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.04% | -0.02% | — | |
| 37 | DUK | Duke Energy CORP | Stock-Utilities | 0.04% | -0.03% | — | |
| 38 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.04% | -0.01% | — | |
| 39 | UPS | United Parcel Service-cl B | Stock-Industrials | 0.04% | -0.02% | — | |
| 40 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.03% | -0.02% | — | |
| 41 | ✓ | Stock-Other | 0.03% | +0.03% | NEW | ||
| 42 | MSFT | Microsoft CORP | Stock-Tech | 0.03% | +0.03% | NEW | |
| 43 | AZN | AstraZeneca PLC | Stock-Healthcare | 0.03% | +0.03% | NEW | |
| 44 | DFAI | Dimensional International Co | ETF-Other | 0.03% | -0.01% | — | |
| 45 | IBM | Intl Business Machines CORP | Stock-Tech | 0.03% | -0.02% | — | |
| 46 | ✓ | Stock-Other | 0.03% | +0.03% | NEW |
Portfolio Performance
Performance for Q4 2026
+0.8%
Performance Last 4 Quarters
+7.1%
- Stdev
- +7.6%
- Beta
- +0.61
- Alpha
- +1.6%
- Max Drawdown
- -3.9%
- Annualized Perf
- +12.7%
- Batting Avg vs S&P
- +41.4%
- Sortino
- +3.21
- Stutzer
- +0.47
- Treynor
- +0.2
- Sterling
- +0.93
- Calmar
- +3.25
- Information Ratio
- -0.98
- Tracking Error
- +5.2%
- Stdev Down
- +3.8%
- Winning Months %
- +72.4%
- Losing Months %
- +27.6%
- Best 12 Months
- +18.8%
- Worst 12 Months
- +7.1%
- Efficiency Ratio
- +0.6
- Sharpe
- +1.62
- Stdev Sectors
- +13.2%
- Skewness
- -0.29
- Kurtosis
- -0.09
- Upside Potential
- +4.64
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Mason & Associates, LLC's most significant position changes for 2026-09-30: New buy: ; New buy: Microsoft CORP (MSFT); New buy: AstraZeneca PLC (AZN); Sold out: Dimensional US Small Cap Val (DFSV); Sold out: Ishares Russell 2000 ETF (IWM).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VV | Vanguard Large-cap ETF | +12.9% | +104.43% | Add |
| 2 | VO | Vanguard Mid-cap ETF | +1.8% | +101.33% | Add |
| 3 | SPDW | Ste Str Spdr Pt Dw EU ETF | +1.5% | +103.78% | Add |
| 4 | VB | Vanguard Small-cap ETF | +0.7% | +94.39% | Add |
| 5 | SPEM | State Street Sp Ptf Em ETF | +0.6% | +109.13% | Add |
| 6 | VUG | Vanguard Growth ETF | +0.1% | +100.00% | Add |
| 7 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | +96.72% | Add |
| 8 | MGC | Vanguard Mega Cap ETF | 0% | +98.87% | Add |
| 9 | VTV | Vanguard Value ETF | 0% | +100.20% | Add |
| 10 | MGK | Vanguard Mega Cap Growth ETF | 0% | +100.00% | Add |
| 11 | ✓ | 0% | NEW | New buy | |
| 12 | MSFT | Microsoft CORP | 0% | NEW | New buy |
| 13 | AZN | AstraZeneca PLC | 0% | NEW | New buy |
| 14 | ✓ | 0% | NEW | New buy | |
| 15 | VOO | Vanguard S&p 500 ETF | 0% | — | Unchanged |
| 16 | DFAI | Dimensional International Co | 0% | — | Unchanged |
| 17 | IBM | Intl Business Machines CORP | 0% | — | Unchanged |
| 18 | UPS | United Parcel Service-cl B | 0% | — | Unchanged |
| 19 | JPM | Jpmorgan Chase & Co | 0% | — | Unchanged |
| 20 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | — | Unchanged |
| 21 | DUK | Duke Energy CORP | 0% | — | Unchanged |
| 22 | IWP | Ishares Russell Mid-cap Grow | 0% | -2.43% | Trim |
| 23 | DFSV | Dimensional US Small Cap Val | 0% | EXIT | Sold out |
| 24 | IWM | Ishares Russell 2000 ETF | 0% | EXIT | Sold out |
| 25 | IJH | Ishares Core S&p Midcap ETF | 0% | EXIT | Sold out |
| 26 | MCD | Mcdonald's CORP | 0% | — | Unchanged |
| 27 | TFC | Truist Financial CORP | 0% | — | Unchanged |
| 28 | IWV | Ishares Russell 3000 ETF | 0% | -0.96% | Trim |
| 29 | CSX | Csx CORP | -0.1% | — | Unchanged |
| 30 | SCHX | Schwab US Large-cap ETF | -0.1% | — | Unchanged |
| 31 | SO | Southern Co/the | -0.1% | — | Unchanged |
| 32 | DFAU | Dimensional US Core Equity M | -0.1% | — | Unchanged |
| 33 | IWR | Ishares Russell Mid-cap ETF | -0.1% | -0.19% | Trim |
| 34 | AAPL | Apple Inc | -0.1% | — | Unchanged |
| 35 | IVE | Ishares S&p 500 Value ETF | -0.1% | -2.47% | Trim |
| 36 | MINO | Pimco Municipal Income Oppor | -0.1% | +26.48% | Add |
| 37 | D | Dominion Energy Inc | -0.1% | +6.31% | Add |
| 38 | IWY | Ishares Russell Top 200 Grow | -0.1% | -1.54% | Trim |
| 39 | SCHB | Schwab US Broad Market ETF | -0.2% | -0.05% | Trim |
| 40 | VTEB | Vanguard Tax-exempt Bond ETF | -0.2% | +20.10% | Add |
| 41 | IWL | Ishares Russell Top 200 ETF | -0.2% | -0.61% | Trim |
| 42 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.3% | -2.29% | Trim |
| 43 | IVV | Ishares Core S&p 500 ETF | -0.3% | -1.39% | Trim |
| 44 | IVW | Ishares S&p 500 Growth ETF | -0.3% | -1.23% | Trim |
| 45 | AVDE | Avantis International Equity | -0.7% | +3.10% | Add |
| 46 | IAGG | Ishares Intl Aggregate Bond | -1.3% | +2.02% | Add |
| 47 | DYNF | Ishrs US E F R A Etf-usd Inc | -1.7% | -0.09% | Trim |
| 48 | PYLD | Pimco Multisector Bond Actv | -1.8% | +4.70% | Add |
| 49 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | -9.5% | +2.90% | Add |
💡
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.
Filing History
FAQ
What is Mason & Associates, LLC and what type of investor is it?
Mason & 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 $710.5M, spread across 46 disclosed positions.
What are Mason & Associates, LLC's largest equity positions?
Based on the latest 13F filing, Mason & Associates, LLC's top holdings by market value are:
1. Vanguard Large-cap ETF (VV) — $312.8M (44.0%)
2. Ishr Cr Unvrse Usd Bd Etf-ui (IUSB) — $133.7M (18.8%)
3. Vanguard Mid-cap ETF (VO) — $50.6M (7.1%)
4. Ste Str Spdr Pt Dw EU ETF (SPDW) — $39.8M (5.6%)
5. Pimco Multisector Bond Actv (PYLD) — $27.3M (3.8%)
What changes did Mason & Associates, LLC make in its most recent portfolio filing?
In the latest reported quarter, Mason & Associates, LLC made 35 notable position adjustments: 4 new positions were initiated, 17 existing holdings were added to, 11 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: ; New buy: Microsoft CORP (MSFT); New buy: AstraZeneca PLC (AZN); Sold out: Dimensional US Small Cap Val (DFSV); Sold out: Ishares Russell 2000 ETF (IWM)
What sectors does Mason & Associates, LLC focus on?
Mason & Associates, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 39.0%
• Utilities: 29.5%
• Industrials: 13.7%
• Financials: 9.6%
• Consumer Discretionary: 5.1%
• Health Care: 2.9%
Investment Profile
Mason & Associates, LLC returned an annualized 12.7% over the trailing 29 months — outperforming the S&P 500 by 1.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.61 (less volatile than the market) and a 41% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 39.0% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 20 to 40 over the past 4 quarters — a shift toward more active trading.
It has added to its VV position over the past two quarters (+$184.6M, now $312.8M), while trimming MCD over the same stretch (-$131.7K, still holding $380.8K).
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