NF
Norris Financial Group, LLC — 13F Portfolio Changes & Top Buys (Q2 2026)
Norris Financial Group, LLCCIK: 0002129318
Diversified strategySector-focusedMomentum follower
Total reported value
$251.3M
Reporting period: 2026-06-30 · Number of holdings: 82
Norris Financial Group, LLC disclosed 82 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $251.3M and a quarterly turnover rate of 47.7%.
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Personality snowflake
- Concentration
- 15.19
- Portfolio Stability
- 47.72
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 85.37
Norris Financial Group, LLC's disclosed holdings carry a Herfindahl concentration index of 0.038 — mathematically equivalent to about 26 equally-sized positions, well below its 82 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 1.46), 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.
Sector classification currently covers about 28% 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.govSold out IAU
Sold out SHV
Add SPY
+0.4% $4.2M
Sold out VTI
Sold out IGE
Add QQQ
-2.5% $2.5M
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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 12.51% | +3.61% | +0.41% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 5.17% | +1.76% | -2.51% | |
| 3 | SGOL | Abrdn Physical Gold Shares | ETF-Commodities | 4.97% | +0.51% | +6.69% | |
| 4 | DOCN | Digitalocean Holdings Inc | Stock-Tech | 4.02% | +1.66% | -23.74% | |
| 5 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 3.97% | +0.65% | -1.92% | |
| 6 | XLI | Ss Industrial Select Sector | ETF-Other | 3.74% | +1.64% | +27.37% | |
| 7 | AAPL | Apple Inc | Stock-Tech | 3.68% | +1.06% | +1.16% | |
| 8 | BOXX | Alpha Architect 1-3 Mnth Box | ETF-Other | 3.20% | +0.79% | +7.90% | |
| 9 | GSY | Invesco Ultra Short Duration | ETF-Other | 3.14% | +0.82% | +11.01% | |
| 10 | USAI | Pacer Ame Energy Infr Etf-us | ETF-Other | 2.95% | +0.75% | +13.59% | |
| 11 | TTMI | Ttm Technologies | Stock-Tech | 2.86% | +1.47% | -12.14% | |
| 12 | AGX | Argan Inc | Stock-Industrials | 2.53% | +0.95% | -10.53% | |
| 13 | AUPH | Aurinia Pharmaceuticals Inc | Stock-Other | 2.31% | +0.65% | -0.04% | |
| 14 | SHYG | Ishares 0-5 Yr Hy CORP Bond | ETF-Corp Bonds | 2.16% | +0.48% | +5.12% | |
| 15 | GRID | First Trst Nasd Cl Edg Sgiif | ETF-Other | 2.16% | +0.94% | +24.10% | |
| 16 | GLD | Spdr Gold Shares | ETF-Commodities | 2.10% | -0.01% | -4.81% | |
| 17 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 2.02% | +0.94% | +20.47% | |
| 18 | XAR | Ss Spdr S&p Aerospace Def | ETF-Other | 1.98% | +0.62% | +7.30% | |
| 19 | XME | Ss Spdr S&p Metals Mining | ETF-Other | 1.98% | +0.21% | -7.11% | |
| 20 | ULST | Ss Ultra Short Tm Bond ETF | ETF-Other | 1.98% | +0.57% | +15.83% | |
| 21 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.96% | +0.73% | +4.63% | |
| 22 | XLRE | Ss Real Estate Select Sector | ETF-Other | 1.85% | +0.49% | +3.79% | |
| 23 | NVDA | Nvidia CORP | Stock-Tech | 1.68% | +0.51% | +3.06% | |
| 24 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.65% | +0.49% | +1.65% | |
| 25 | TPB | Turning Point Brands Inc | Stock-Other | 1.60% | +0.25% | -0.72% | |
| 26 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-Other | 1.60% | +0.59% | -0.41% | |
| 27 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 1.53% | +0.44% | +15.46% | |
| 28 | CLS | Celestica Inc | Stock-Tech | 1.27% | +0.46% | -0.51% | |
| 29 | PULS | Pgim Ultra Short Bond ETF | ETF-Other | 1.19% | +0.45% | +31.27% | |
| 30 | MINT | Pimco Enhanced Short Maturit | ETF-Other | 1.19% | +0.04% | -15.28% | |
| 31 | PAVE | Global X US Infrastructure | ETF-Other | 1.11% | +0.51% | +30.40% | |
| 32 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 1.11% | -0.04% | -4.10% | |
| 33 | CBOE | Cboe Global Markets Inc | Stock-Financials | 1.01% | +0.12% | +6.96% | |
| 34 | SIL | Global X Silver Miners ETF | ETF-Commodities | 0.99% | +0.14% | +10.45% | |
| 35 | COIN | Coinbase Global Inc -class A | Stock-Financials | 0.90% | +0.08% | +7.42% | |
| 36 | SHOP | Shopify Inc - Class A | Stock-Tech | 0.86% | +0.34% | +41.17% | |
| 37 | STAG | Stag Industrial Inc | Stock-Real Estate | 0.81% | +0.18% | -0.08% | |
| 38 | TFC | Truist Financial CORP | Stock-Financials | 0.71% | +0.16% | -1.70% | |
| 39 | CRDO | Credo Technology Group Holding Ltd | Stock-Tech | 0.70% | +0.70% | NEW | |
| 40 | NANR | Sta Str Sp S&p Nor An Res-ui | ETF-Other | 0.57% | +0.09% | +9.59% | |
| 41 | VTS | Vitesse Energy Inc | Stock-Other | 0.47% | +0.02% | -1.88% | |
| 42 | SOFI | Sofi Technologies Inc | Stock-Financials | 0.45% | +0.18% | +22.00% | |
| 43 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.45% | +0.09% | +19.78% | |
| 44 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.28% | +0.10% | +15.13% | |
| 45 | FEZ | State Street Spdr Euro Stoxx | ETF-Other | 0.28% | +0.10% | +16.14% | |
| 46 | FSMB | First Trust Short Dur Manag | ETF-Other | 0.26% | +0.05% | — | |
| 47 | RF | Regions Financial CORP | Stock-Financials | 0.23% | +0.07% | +0.13% | |
| 48 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 0.23% | +0.04% | — | |
| 49 | FUMB | First Trust Ultra Short Dur | ETF-Other | 0.20% | +0.02% | -9.02% | |
| 50 | CRSP | CRISPR Therapeutics AG | Stock-Healthcare | 0.20% | +0.09% | +24.86% |
1–50 of 82
Portfolio Performance
Performance for Q3 2026
-2%
Performance Last 4 Quarters
+27.3%
- Stdev
- +12.3%
- Beta
- +0.87
- Alpha
- +5.1%
- Max Drawdown
- -5.9%
- Annualized Perf
- +24.1%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +3.84
- Stutzer
- +0.53
- Treynor
- +0.26
- Sterling
- +1.66
- Calmar
- +4.07
- Information Ratio
- +0.49
- Tracking Error
- +5.2%
- Stdev Down
- +5.9%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +42%
- Worst 12 Months
- +13.3%
- Efficiency Ratio
- +0.74
- Sharpe
- +1.84
- Stdev Sectors
- +15.9%
- Skewness
- -0.27
- Kurtosis
- -0.45
- Upside Potential
- +5.41
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 82 | $251.3M | 48 | ||
| 2026 Q1 | 97 | $306.4M | 46 | ||
| 2025 Q4 | 97 | $294.2M | 24 | ||
| 2025 Q3 | 98 | $273.9M | 49 | ||
| 2025 Q2 | 82 | $244.1M | 43 | ||
| 2025 Q1 | 85 | $214.3M | 63 | ||
| 2024 Q4 | 82 | $212.8M | 31 | ||
| 2024 Q3 | 76 | $203.2M | 28 | ||
| 2024 Q2 | 78 | $192.0M | 31 | ||
| 2024 Q1 | 74 | $182.3M | 40 | ||
| 2023 Q4 | 67 | $164.6M | 47 | ||
| 2023 Q3 | 63 | $144.2M | 48 | ||
| 2023 Q2 | 63 | $144.4M | 49 | ||
| 2023 Q1 | 66 | $136.4M | 68 | ||
| 2022 Q4 | 68 | $118.3M | 35 | ||
| 2022 Q3 | 67 | $109.2M | 29 | ||
| 2022 Q2 | 66 | $124.3M | 68 | ||
| 2022 Q1 | 84 | $165.7M | 81 | ||
| 2021 Q4 | 86 | $165.8M | 44 | ||
| 2021 Q3 | 83 | $151.2M | 42 | ||
| 2021 Q2 | 82 | $148.3M | 48 | ||
| 2021 Q1 | 79 | $136.2M | 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
Norris Financial Group, LLC's most significant position changes for 2026-06-30: Sold out: Ishares Gold Trust (IAU); Sold out: Ishares 0-1 Year Treasury Bo (SHV); Sold out: Vanguard Total Stock Mkt ETF (VTI); Sold out: Ishares North American Natur (IGE); Sold out: Micron Technology Inc (MU).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +3.6% | +0.41% | Add |
| 2 | QQQ | Invesco Qqq Trust Series 1 | +1.8% | -2.51% | Trim |
| 3 | DOCN | Digitalocean Holdings Inc | +1.7% | -23.74% | Trim |
| 4 | XLI | Ss Industrial Select Sector | +1.6% | +27.37% | Add |
| 5 | TTMI | Ttm Technologies | +1.5% | -12.14% | Trim |
| 6 | AAPL | Apple Inc | +1.1% | +1.16% | Add |
| 7 | AGX | Argan Inc | +1% | -10.53% | Trim |
| 8 | QQQM | Invesco Nasdaq 100 ETF | +0.9% | +20.47% | Add |
| 9 | GRID | First Trst Nasd Cl Edg Sgiif | +0.9% | +24.10% | Add |
| 10 | GSY | Invesco Ultra Short Duration | +0.8% | +11.01% | Add |
| 11 | BOXX | Alpha Architect 1-3 Mnth Box | +0.8% | +7.90% | Add |
| 12 | USAI | Pacer Ame Energy Infr Etf-us | +0.8% | +13.59% | Add |
| 13 | GOOGL | Alphabet Inc-cl A | +0.7% | +4.63% | Add |
| 14 | CRDO | Credo Technology Group Holding Ltd | +0.7% | NEW | New buy |
| 15 | AUPH | Aurinia Pharmaceuticals Inc | +0.7% | -0.04% | Trim |
| 16 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.7% | -1.92% | Trim |
| 17 | XAR | Ss Spdr S&p Aerospace Def | +0.6% | +7.30% | Add |
| 18 | EMXC | Ishares Msci Emr Mrk Ex Chna | +0.6% | -0.41% | Trim |
| 19 | ULST | Ss Ultra Short Tm Bond ETF | +0.6% | +15.83% | Add |
| 20 | SGOL | Abrdn Physical Gold Shares | +0.5% | +6.69% | Add |
| 21 | PAVE | Global X US Infrastructure | +0.5% | +30.40% | Add |
| 22 | NVDA | Nvidia CORP | +0.5% | +3.06% | Add |
| 23 | AMZN | Amazon.com Inc | +0.5% | +1.65% | Add |
| 24 | XLRE | Ss Real Estate Select Sector | +0.5% | +3.79% | Add |
| 25 | SHYG | Ishares 0-5 Yr Hy CORP Bond | +0.5% | +5.12% | Add |
| 26 | CLS | Celestica Inc | +0.5% | -0.51% | Trim |
| 27 | PULS | Pgim Ultra Short Bond ETF | +0.5% | +31.27% | Add |
| 28 | SGOV | Ishares 0-3 Month Treasury B | +0.4% | +15.46% | Add |
| 29 | SHOP | Shopify Inc - Class A | +0.3% | +41.17% | Add |
| 30 | TPB | Turning Point Brands Inc | +0.3% | -0.72% | Trim |
| 31 | XME | Ss Spdr S&p Metals Mining | +0.2% | -7.11% | Trim |
| 32 | SOFI | Sofi Technologies Inc | +0.2% | +22.00% | Add |
| 33 | STAG | Stag Industrial Inc | +0.2% | -0.08% | Trim |
| 34 | TFC | Truist Financial CORP | +0.2% | -1.70% | Trim |
| 35 | SIL | Global X Silver Miners ETF | +0.1% | +10.45% | Add |
| 36 | ✓ | +0.1% | NEW | New buy | |
| 37 | CBOE | Cboe Global Markets Inc | +0.1% | +6.96% | Add |
| 38 | INCY | Incyte CORP | +0.1% | NEW | New buy |
| 39 | MFC | Manulife Financial CORP | +0.1% | NEW | New buy |
| 40 | APP | Applovin Corp-class A | +0.1% | NEW | New buy |
| 41 | TSLA | Tesla Inc | +0.1% | +15.13% | Add |
| 42 | FEZ | State Street Spdr Euro Stoxx | +0.1% | +16.14% | Add |
| 43 | AMD | Advanced Micro Devices | +0.1% | NEW | New buy |
| 44 | CRSP | CRISPR Therapeutics AG | +0.1% | +24.86% | Add |
| 45 | NANR | Sta Str Sp S&p Nor An Res-ui | +0.1% | +9.59% | Add |
| 46 | VZ | Verizon Communications Inc | +0.1% | +19.78% | Add |
| 47 | COIN | Coinbase Global Inc -class A | +0.1% | +7.42% | Add |
| 48 | ENFR | Alerian Energy Infrastructur | +0.1% | NEW | New buy |
| 49 | W | Wayfair Inc- Class A | +0.1% | NEW | New buy |
| 50 | MXL | Maxlinear Inc | +0.1% | NEW | New buy |
1–50 of 109
Filing History
FAQ
What is Norris Financial Group, LLC and what type of investor is it?
Norris Financial Group, 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 $251.3M, spread across 82 disclosed positions.
What are Norris Financial Group, LLC's largest equity positions?
Based on the latest 13F filing, Norris Financial Group, LLC's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $31.4M (12.5%)
2. Invesco Qqq Trust Series 1 (QQQ) — $13.0M (5.2%)
3. Abrdn Physical Gold Shares (SGOL) — $12.5M (5.0%)
4. Digitalocean Holdings Inc (DOCN) — $10.1M (4.0%)
5. Ss Spdr Bb 1-3m T-bill ETF (BIL) — $10.0M (4.0%)
What changes did Norris Financial Group, LLC make in its most recent portfolio filing?
In the latest reported quarter, Norris Financial Group, LLC made 93 notable position adjustments: 12 new positions were initiated, 34 existing holdings were added to, 20 positions were partially reduced, and 27 were completely exited. The largest of these moves: Sold out: Ishares Gold Trust (IAU); Sold out: Ishares 0-1 Year Treasury Bo (SHV); Sold out: Vanguard Total Stock Mkt ETF (VTI); Sold out: Ishares North American Natur (IGE); Sold out: Micron Technology Inc (MU)
What sectors does Norris Financial Group, LLC focus on?
Norris Financial Group, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 56.0%
• Financials: 12.2%
• Industrials: 9.1%
• Communication Services: 9.0%
• Consumer Discretionary: 7.3%
• Real Estate: 3.3%
Investment Profile
Norris Financial Group, LLC returned an annualized 24.1% over the trailing 36 months — outperforming the S&P 500 by 5.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.87 (less volatile than the market) and a 53% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 56.0% of the portfolio concentrated in Information Technology.
It has added to its DOCN position over the past two quarters (+$5.9M, now $10.1M), while trimming TPB over the same stretch (-$1.3M, still holding $4.0M).
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Developer Access
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