MA
MSA Advisors, LLC 13F Holdings (43 Positions, Q2 2026)
MSA Advisors, LLCCIK: 0001040410
Momentum followerSector-focusedQuality / disciplined sizing
Total reported value
$388.6M
Reporting period: 2026-06-30 · Number of holdings: 43
MSA Advisors, LLC disclosed 43 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $388.6M and a quarterly turnover rate of 20.4%.
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Personality snowflake
- Concentration
- 43.06
- Portfolio Stability
- 20.35
- Momentum
- 100
- Sector conviction
- 80.15
- Diversification
- 86
- Sizing Uniformity
- 80.73
MSA Advisors, LLC's disclosed holdings carry a Herfindahl concentration index of 0.108 — mathematically equivalent to about 9 equally-sized positions, well below its 43 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 1.93), 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim APO
-9.6% -$3.8M
New buy SOXX
Add SPOT
+434.6% $9.9M
Add NVDA
+359.5% $6.1M
New buy GAP
Trim SPY
-7.7% $2.9M
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 | APO | Apollo Global Management Inc | Stock-Financials | 23.78% | -5.15% | -9.58% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 13.61% | -1.41% | -7.73% | |
| 3 | SBUX | Starbucks CORP | Stock-Consumer Disc | 8.96% | -0.31% | -1.02% | |
| 4 | LYV | Live Nation Entertainment In | Stock-Comm Services | 7.99% | -0.56% | -9.11% | |
| 5 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 7.15% | -0.31% | -9.10% | |
| 6 | AAPL | Apple Inc | Stock-Tech | 7.01% | -0.01% | +2.42% | |
| 7 | SOXX | Ishares Semiconductor ETF | ETF-Other | 4.78% | +4.78% | NEW | |
| 8 | MSFT | Microsoft CORP | Stock-Tech | 3.90% | -0.40% | +5.30% | |
| 9 | META | Meta Platforms Inc-class A | Stock-Comm Services | 3.35% | -0.83% | -4.94% | |
| 10 | SPOT | Spotify Technology S.A. | Stock-Comm Services | 3.16% | +2.43% | +434.57% | |
| 11 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.56% | -0.13% | — | |
| 12 | NVDA | Nvidia CORP | Stock-Tech | 1.95% | +1.52% | +359.53% | |
| 13 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.93% | +0.20% | — | |
| 14 | TPG | Tpg Inc | Stock-Financials | 1.77% | -0.29% | — | |
| 15 | GAP | Gap Inc/the | Stock-Consumer Disc | 1.48% | +1.48% | NEW | |
| 16 | MSTR | Strategy Inc | Stock-Tech | 0.72% | -0.49% | — | |
| 17 | DUHP | Dimensional US High Profi Et | ETF-Other | 0.58% | -0.01% | — | |
| 18 | SHOP | Shopify Inc - Class A | Stock-Tech | 0.57% | -0.13% | — | |
| 19 | FWONA | Liberty Media Corp-formula-a | Stock-Other | 0.55% | +0.55% | NEW | |
| 20 | KLAR | Klarna Group plc | Stock-Other | 0.52% | +0.09% | — | |
| 21 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.43% | -0.07% | — | |
| 22 | DFAT | Dimensional US Target Value | ETF-Other | 0.39% | -0.02% | — | |
| 23 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.37% | -0.01% | — | |
| 24 | BAC | Bank Of America CORP | Stock-Financials | 0.33% | — | — | |
| 25 | DFSV | Dimensional US Small Cap Val | ETF-Small Cap | 0.25% | -0.01% | — | |
| 26 | BODI | Beachbody Co Inc/the | Stock-Other | 0.24% | -0.05% | — | |
| 27 | UBER | Uber Technologies Inc | Stock-Industrials | 0.21% | -0.11% | -23.11% | |
| 28 | FNDX | Schwab Fndmntl US Lrg Co ETF | ETF-Other | 0.17% | -0.01% | — | |
| 29 | DELL | Dell Technologies -c | Stock-Tech | 0.16% | +0.09% | — | |
| 30 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.16% | -0.08% | -32.26% | |
| 31 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.15% | -0.05% | — | |
| 32 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.14% | -0.01% | — | |
| 33 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.14% | -0.14% | -28.81% | |
| 34 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.10% | -0.01% | — | |
| 35 | CAI | Caris Life Sciences Inc | Stock-Other | 0.09% | -0.01% | — | |
| 36 | NKE | Nike Inc -cl B | Stock-Consumer Disc | 0.08% | -0.03% | — | |
| 37 | COKE | Coca-cola Consolidated Inc | Stock-Consumer Staples | 0.06% | -0.01% | — | |
| 38 | NET | Cloudflare Inc - Class A | Stock-Tech | 0.06% | — | — | |
| 39 | RKT | Rocket Cos Inc-class A | Stock-Financials | 0.05% | — | — | |
| 40 | S | Sentinelone Inc -class A | Stock-Tech | 0.05% | +0.01% | — | |
| 41 | SATL | Satellogic Inc-a | Stock-Other | 0.04% | — | — | |
| 42 | PTON | Peloton Interactive Inc-a | Stock-Consumer Disc | 0.03% | +0.01% | — | |
| 43 | DNN | Denison Mines CORP | Stock-Other | 0.01% | +0.01% | NEW |
💡
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.
Portfolio Performance
Performance for Q3 2026
+4.2%
Performance Last 4 Quarters
+6.9%
- Stdev
- +17.4%
- Beta
- +1.13
- Alpha
- -6.2%
- Max Drawdown
- -15.1%
- Annualized Perf
- +14.1%
- Batting Avg vs S&P
- +43.3%
- Sortino
- +1.49
- Stutzer
- +0.25
- Treynor
- +0.13
- Sterling
- +0.57
- Calmar
- +0.93
- Information Ratio
- -0.35
- Tracking Error
- +10.8%
- Stdev Down
- +9.8%
- Winning Months %
- +63.3%
- Losing Months %
- +36.7%
- Best 12 Months
- +28%
- Worst 12 Months
- -4.5%
- Efficiency Ratio
- +0.31
- Sharpe
- +0.84
- Stdev Sectors
- +13.3%
- Skewness
- +0.1
- Kurtosis
- -0.12
- Upside Potential
- +3.29
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
MSA Advisors, LLC's most significant position changes for 2026-06-30: New buy: Ishares Semiconductor ETF (SOXX); New buy: Gap Inc/the (GAP); New buy: Liberty Media Corp-formula-a (FWONA); Sold out: Oklo Inc (OKLO); Sold out: Bwx Technologies Inc (BWXT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SOXX | Ishares Semiconductor ETF | +4.8% | NEW | New buy |
| 2 | SPOT | Spotify Technology S.A. | +2.4% | +434.57% | Add |
| 3 | NVDA | Nvidia CORP | +1.5% | +359.53% | Add |
| 4 | GAP | Gap Inc/the | +1.5% | NEW | New buy |
| 5 | FWONA | Liberty Media Corp-formula-a | +0.6% | NEW | New buy |
| 6 | LLY | Eli Lilly & Co | +0.2% | — | Unchanged |
| 7 | KLAR | Klarna Group plc | +0.1% | — | Unchanged |
| 8 | DELL | Dell Technologies -c | +0.1% | — | Unchanged |
| 9 | S | Sentinelone Inc -class A | 0% | — | Unchanged |
| 10 | DNN | Denison Mines CORP | 0% | NEW | New buy |
| 11 | PTON | Peloton Interactive Inc-a | 0% | — | Unchanged |
| 12 | BAC | Bank Of America CORP | — | — | Unchanged |
| 13 | NET | Cloudflare Inc - Class A | — | — | Unchanged |
| 14 | RKT | Rocket Cos Inc-class A | — | — | Unchanged |
| 15 | SATL | Satellogic Inc-a | — | — | Unchanged |
| 16 | AAPL | Apple Inc | 0% | +2.42% | Add |
| 17 | DUHP | Dimensional US High Profi Et | 0% | — | Unchanged |
| 18 | VOO | Vanguard S&p 500 ETF | 0% | — | Unchanged |
| 19 | DFSV | Dimensional US Small Cap Val | 0% | — | Unchanged |
| 20 | AMZN | Amazon.com Inc | 0% | — | Unchanged |
| 21 | FNDX | Schwab Fndmntl US Lrg Co ETF | 0% | — | Unchanged |
| 22 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | — | Unchanged |
| 23 | CAI | Caris Life Sciences Inc | 0% | — | Unchanged |
| 24 | COKE | Coca-cola Consolidated Inc | 0% | — | Unchanged |
| 25 | DFAT | Dimensional US Target Value | 0% | — | Unchanged |
| 26 | GRAB | Grab Holdings Limited | 0% | EXIT | Sold out |
| 27 | NKE | Nike Inc -cl B | 0% | — | Unchanged |
| 28 | PINS | Pinterest Inc- Class A | 0% | EXIT | Sold out |
| 29 | BIRK | Birkenstock Holding plc | 0% | EXIT | Sold out |
| 30 | ITA | Ishares U.s. Aerospace & Def | 0% | EXIT | Sold out |
| 31 | TTWO | Take-two Interactive Softwre | 0% | EXIT | Sold out |
| 32 | NVO | Novo-nordisk A/s-spons Adr | 0% | EXIT | Sold out |
| 33 | IEO | Ishares U.s. Oil & Gas Explo | 0% | EXIT | Sold out |
| 34 | TKO | Tko Group Holdings Inc | -0.1% | EXIT | Sold out |
| 35 | EAGL | Eagle Capital Select Eqty | -0.1% | EXIT | Sold out |
| 36 | CMCSA | Comcast Corp-class A | -0.1% | — | Unchanged |
| 37 | BODI | Beachbody Co Inc/the | -0.1% | — | Unchanged |
| 38 | BWXT | Bwx Technologies Inc | -0.1% | EXIT | Sold out |
| 39 | OKLO | Oklo Inc | -0.1% | EXIT | Sold out |
| 40 | DIS | Walt Disney Co/the | -0.1% | — | Unchanged |
| 41 | TSLA | Tesla Inc | -0.1% | -32.26% | Trim |
| 42 | UBER | Uber Technologies Inc | -0.1% | -23.11% | Trim |
| 43 | JPM | Jpmorgan Chase & Co | -0.1% | — | Unchanged |
| 44 | SHOP | Shopify Inc - Class A | -0.1% | — | Unchanged |
| 45 | PLTR | Palantir Technologies Inc-a | -0.1% | -28.81% | Trim |
| 46 | TPG | Tpg Inc | -0.3% | — | Unchanged |
| 47 | SBUX | Starbucks CORP | -0.3% | -1.02% | Trim |
| 48 | GOOG | Alphabet Inc-cl C | -0.3% | -9.10% | Trim |
| 49 | MSFT | Microsoft CORP | -0.4% | +5.30% | Add |
| 50 | MSTR | Strategy Inc | -0.5% | — | Unchanged |
1–50 of 54
Filing History
FAQ
What is MSA Advisors, LLC and what type of investor is it?
MSA Advisors, 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 $388.6M, spread across 43 disclosed positions.
What are MSA Advisors, LLC's largest equity positions?
Based on the latest 13F filing, MSA Advisors, LLC's top holdings by market value are:
1. Apollo Global Management Inc (APO) — $92.4M (23.8%)
2. Ss Spdr S&p 500 ETF Trust-us (SPY) — $52.9M (13.6%)
3. Starbucks CORP (SBUX) — $34.8M (9.0%)
4. Live Nation Entertainment In (LYV) — $31.1M (8.0%)
5. Alphabet Inc-cl C (GOOG) — $27.8M (7.2%)
What changes did MSA Advisors, LLC make in its most recent portfolio filing?
In the latest reported quarter, MSA Advisors, LLC made 28 notable position adjustments: 4 new positions were initiated, 4 existing holdings were added to, 9 positions were partially reduced, and 11 were completely exited. The largest of these moves: New buy: Ishares Semiconductor ETF (SOXX); New buy: Gap Inc/the (GAP); New buy: Liberty Media Corp-formula-a (FWONA); Sold out: Oklo Inc (OKLO); Sold out: Bwx Technologies Inc (BWXT)
What sectors does MSA Advisors, LLC focus on?
MSA Advisors, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 36.4%
• Communication Services: 28.4%
• Information Technology: 18.6%
• Consumer Discretionary: 13.8%
• Health Care: 2.5%
• Industrials: 0.3%
Investment Profile
MSA Advisors, LLC returned an annualized 14.1% over the trailing 30 months — underperforming the S&P 500 by 6.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.13 (more volatile than the market) and a 43% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 36.4% of the portfolio concentrated in Financials.
Its concentration score has fallen from 66 to 43 over the past 4 quarters — a shift toward broader diversification.
It has added to its LYV position over the past two quarters (+$10.0M, now $31.1M), while trimming APO over the same stretch (-$32.1M, still holding $92.4M).
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