CIK: 0001040410
Total reported value
$332.7M
Reporting period: 2026-03-31 · Number of holdings: 50
MSA Advisors, LLC disclosed 50 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $332.7M and a quarterly turnover rate of 36.8%.
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MSA Advisors, LLC's disclosed holdings carry a Herfindahl concentration index of 0.138 — mathematically equivalent to about 7 equally-sized positions, well below its 50 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 2.46), 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 4.3 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Add LYV
+26.1% $7.4M
Trim APO
+0.5% -$28.2M
Add AAPL
+29.3% $4.0M
Add SBUX
0.0% $1.9M
Add LLY
+149.9% $3.1M
Trim TPG
0.0% -$4.0M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | APO | Apollo Global Management INC | Stock-Financials | 28.93% | -2.23% | +0.47% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 15.02% | -0.58% | -16.03% | |
| 3 | SBUX | Starbucks CORP | Stock-Consumer Disc | 9.27% | +2.02% | — | |
| 4 | LYV | Live Nation Entertainment In | Stock-Comm Services | 8.55% | +3.27% | +26.10% | |
| 5 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 7.46% | +0.33% | -4.68% | |
| 6 | AAPL | Apple INC | Stock-Tech | 7.02% | +2.18% | +29.27% | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 4.30% | -0.07% | +6.98% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 4.18% | +0.16% | -0.14% | |
| 9 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.69% | +0.48% | +11.15% | |
| 10 | TPG | Tpg INC | Stock-Financials | 2.06% | -0.65% | — | |
| 11 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.73% | +1.06% | +149.92% | |
| 12 | MSTR | Strategy INC | Stock-Tech | 1.21% | +1.21% | NEW | |
| 13 | SPOT | Spotify Technology S.A. | Stock-Comm Services | 0.73% | +0.11% | +17.08% | |
| 14 | SHOP | Shopify INC - Class A | Stock-Tech | 0.70% | +0.70% | NEW | |
| 15 | DUHP | Dimensional US High Profi Et | ETF-Other | 0.59% | +0.59% | NEW | |
| 16 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.50% | -0.31% | -39.87% | |
| 17 | NVDA | Nvidia CORP | Stock-Tech | 0.43% | +0.33% | +274.23% | |
| 18 | KLAR | Klarna Group plc | Stock-Other | 0.43% | -0.29% | — | |
| 19 | DFAT | Dimensional US Target Value | ETF-Other | 0.41% | +0.41% | NEW | |
| 20 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.38% | +0.05% | — | |
| 21 | BAC | Bank Of America CORP | Stock-Financials | 0.33% | — | +12.16% | |
| 22 | UBER | Uber Technologies INC | Stock-Industrials | 0.32% | +0.32% | NEW | |
| 23 | BODI | Beachbody Co Inc/the | Stock-Other | 0.29% | +0.06% | — | |
| 24 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.28% | +0.28% | NEW | |
| 25 | DFSV | Dimensional US Small Cap Val | ETF-Small Cap | 0.26% | +0.26% | NEW | |
| 26 | TSLA | Tesla INC | Stock-Consumer Disc | 0.24% | +0.24% | NEW | |
| 27 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.20% | — | — | |
| 28 | FNDX | Schwab Fndmntl US Lrg Co ETF | ETF-Other | 0.18% | +0.18% | NEW | |
| 29 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.15% | +0.04% | +26.34% | |
| 30 | NKE | Nike INC -cl B | Stock-Consumer Disc | 0.11% | -0.01% | — | |
| 31 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.11% | +0.05% | +61.26% | |
| 32 | CAI | Caris Life Sciences INC | Stock-Other | 0.10% | -0.03% | — | |
| 33 | DELL | Dell Technologies -c | Stock-Tech | 0.07% | +0.07% | NEW | |
| 34 | COKE | Coca-cola Consolidated INC | Stock-Consumer Staples | 0.07% | +0.07% | NEW | |
| 35 | OKLO | Oklo INC | Stock-Utilities | 0.07% | +0.07% | NEW | |
| 36 | BWXT | Bwx Technologies INC | Stock-Industrials | 0.06% | +0.06% | NEW | |
| 37 | NET | Cloudflare INC - Class A | Stock-Tech | 0.06% | +0.06% | NEW | |
| 38 | RKT | Rocket Cos Inc-class A | Stock-Financials | 0.05% | +0.05% | NEW | |
| 39 | TKO | Tko Group Holdings INC | Stock-Comm Services | 0.05% | +0.05% | NEW | |
| 40 | EAGL | Eagle Capital Select Eqty | ETF-Other | 0.05% | +0.05% | NEW | |
| 41 | PINS | Pinterest Inc- Class A | Stock-Comm Services | 0.05% | +0.04% | NEW | |
| 42 | BIRK | Birkenstock Holding plc | Stock-Other | 0.04% | — | — | |
| 43 | ITA | Ishares U.s. Aerospace & Def | ETF-Other | 0.04% | +0.04% | NEW | |
| 44 | SATL | Satellogic Inc-a | Stock-Other | 0.04% | +0.04% | NEW | |
| 45 | TTWO | Take-two Interactive Softwre | Stock-Comm Services | 0.04% | +0.04% | NEW | |
| 46 | S | Sentinelone INC -class A | Stock-Tech | 0.04% | — | — | |
| 47 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 0.04% | — | — | |
| 48 | IEO | Ishares U.s. Oil & Gas Explo | ETF-Other | 0.04% | +0.04% | NEW | |
| 49 | PTON | Peloton Interactive Inc-a | Stock-Consumer Disc | 0.02% | +0.02% | NEW | |
| 50 | GRAB | Grab Holdings Limited | Stock-Tech | 0.02% | +0.02% | NEW |
Performance for Q3 2026
+0.7%
Performance Last 4 Quarters
+3.4%
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 50 | $332.7M | 37 | |
| 2025-12-31 | 31 | $399.4M | 25 | |
| 2025-09-30 | 30 | $400.2M | 20 | |
| 2025-06-30 | 28 | $398.7M | 0 | |
| 2025-03-31 | 30 | $390.5M | 0 | |
| 2024-12-31 | 31 | $399.8M | 0 | |
| 2024-09-30 | 29 | $387.6M | 0 | |
| 2024-06-30 | 27 | $348.8M | 0 | |
| 2024-03-31 | 23 | $334.0M | 0 | |
| 2023-12-31 | 20 | $287.2M | 0 |
MSA Advisors, LLC's most significant position changes for 2026-03-31: Sold out: Ishares Silver Trust (SLV); Sold out: Vail Resorts INC (MTN); Sold out: Ishares Bitcoin Trust ETF (IBIT); New buy: Strategy INC (MSTR); New buy: Shopify INC - Class A (SHOP).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | LYV | Live Nation Entertainment In | +3.3% | +26.10% | Add |
| 2 | AAPL | Apple INC | +2.2% | +29.27% | Add |
| 3 | SBUX | Starbucks CORP | +2% | — | Unchanged |
| 4 | LLY | Eli Lilly & Co | +1.1% | +149.92% | Add |
| 5 | JPM | Jpmorgan Chase & Co | +0.5% | +11.15% | Add |
| 6 | GOOG | Alphabet Inc-cl C | +0.3% | -4.68% | Trim |
| 7 | NVDA | Nvidia CORP | +0.3% | +274.23% | Add |
| 8 | META | Meta Platforms Inc-class A | +0.2% | -0.14% | Trim |
| 9 | SPOT | Spotify Technology S.A. | +0.1% | +17.08% | Add |
| 10 | BODI | Beachbody Co Inc/the | +0.1% | — | Unchanged |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +61.26% | Add |
| 12 | VOO | Vanguard S&p 500 ETF | +0.1% | — | Unchanged |
| 13 | AMZN | Amazon.com INC | 0% | +26.34% | Add |
| 14 | NVO | Novo-nordisk A/s-spons Adr | — | — | Unchanged |
| 15 | NKE | Nike INC -cl B | 0% | — | Unchanged |
| 16 | CAI | Caris Life Sciences INC | 0% | — | Unchanged |
| 17 | MSFT | Microsoft CORP | -0.1% | +6.98% | Add |
| 18 | KLAR | Klarna Group plc | -0.3% | — | Unchanged |
| 19 | DIS | Walt Disney Co/the | -0.3% | -39.87% | Trim |
| 20 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.6% | -16.03% | Trim |
| 21 | TPG | Tpg INC | -0.7% | — | Unchanged |
| 22 | APO | Apollo Global Management INC | -2.2% | +0.47% | Add |
| 23 | SLV | Ishares Silver Trust | — | EXIT | Sold out |
| 24 | MTN | Vail Resorts INC | — | EXIT | Sold out |
| 25 | IBIT | Ishares Bitcoin Trust ETF | — | EXIT | Sold out |
| 26 | MSTR | Strategy INC | — | NEW | New buy |
| 27 | SHOP | Shopify INC - Class A | — | NEW | New buy |
| 28 | DUHP | Dimensional US High Profi Et | — | NEW | New buy |
| 29 | DFAT | Dimensional US Target Value | — | NEW | New buy |
| 30 | UBER | Uber Technologies INC | — | NEW | New buy |
| 31 | PLTR | Palantir Technologies Inc-a | — | NEW | New buy |
| 32 | DFSV | Dimensional US Small Cap Val | — | NEW | New buy |
| 33 | TSLA | Tesla INC | — | NEW | New buy |
| 34 | FNDX | Schwab Fndmntl US Lrg Co ETF | — | NEW | New buy |
| 35 | DELL | Dell Technologies -c | — | NEW | New buy |
| 36 | COKE | Coca-cola Consolidated INC | — | NEW | New buy |
| 37 | OKLO | Oklo INC | — | NEW | New buy |
| 38 | BWXT | Bwx Technologies INC | — | NEW | New buy |
| 39 | NET | Cloudflare INC - Class A | — | NEW | New buy |
| 40 | RKT | Rocket Cos Inc-class A | — | NEW | New buy |
| 41 | TKO | Tko Group Holdings INC | — | NEW | New buy |
| 42 | EAGL | Eagle Capital Select Eqty | — | NEW | New buy |
| 43 | PINS | Pinterest Inc- Class A | — | NEW | New buy |
| 44 | ITA | Ishares U.s. Aerospace & Def | — | NEW | New buy |
| 45 | SATL | Satellogic Inc-a | — | NEW | New buy |
| 46 | TTWO | Take-two Interactive Softwre | — | NEW | New buy |
| 47 | IEO | Ishares U.s. Oil & Gas Explo | — | NEW | New buy |
| 48 | PTON | Peloton Interactive Inc-a | — | NEW | New buy |
| 49 | GRAB | Grab Holdings Limited | — | NEW | New buy |
| 50 | ✓ | Satellogic INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-18 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-12 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-12 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-13 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-09 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-14 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
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