PF
Penney Financial, LLC 13F Portfolio & Top Holdings (Q3 2026)
Penney Financial, LLCCIK: 0002049857
Momentum followerSector-focusedQuality / disciplined sizing
Total reported value
$338.9M
Reporting period: 2026-09-30 · Number of holdings: 44
PENNEY FINANCIAL, LLC disclosed 44 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $338.9M and a quarterly turnover rate of 29.4%.
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Personality snowflake
- Concentration
- 46.13
- Portfolio Stability
- 29.36
- Momentum
- 100
- Sector conviction
- 80.69
- Diversification
- 88
- Sizing Uniformity
- 79.58
Penney Financial, LLC's disclosed holdings carry a Herfindahl concentration index of 0.115 — mathematically equivalent to about 9 equally-sized positions, well below its 44 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 2.04), 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 4.2 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 2% 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 SGOV
+201.5% $31.5M
Add JPST
+592.0% $25.1M
Trim VTI
+0.5% $736.1K
Trim DFUS
+7.1% $6.3M
Trim VCRM
-39.8% -$3.8M
Trim VEA
+2.2% $307.0K
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 | DFUS | Dimensional US Eq Mkt ETF | ETF-Other | 23.45% | -2.14% | +7.13% | |
| 2 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 13.89% | +8.43% | +201.47% | |
| 3 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 13.55% | -2.24% | +0.49% | |
| 4 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 8.67% | +7.18% | +592.02% | |
| 5 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 7.29% | -1.24% | +2.18% | |
| 6 | VCRB | Vanguard Core Bond ETF | ETF-Other | 6.73% | -0.29% | +19.13% | |
| 7 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 3.81% | -0.67% | +0.61% | |
| 8 | JPIE | Jpmorgan Income ETF | ETF-Other | 3.22% | -0.19% | +14.78% | |
| 9 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 2.84% | -0.49% | +2.95% | |
| 10 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 2.73% | -0.52% | -3.24% | |
| 11 | JEPI | Jpmorgan Equity Premium Inco | ETF-Other | 1.92% | -0.06% | +15.66% | |
| 12 | VCRM | Vanguard Core Tax-ex Bond | ETF-Other | 1.44% | -1.59% | -39.79% | |
| 13 | DFSD | Dimensional Short Duration | ETF-Other | 1.39% | +0.01% | +22.66% | |
| 14 | VXUS | Vanguard Total Intl Stock | ETF-Other | 1.13% | -0.14% | +5.83% | |
| 15 | HELO | Jpmorgan Hedged Equity ETF | ETF-Other | 0.97% | -0.28% | -10.09% | |
| 16 | CGMU | Cap Group Municipal Income | ETF-Other | 0.84% | -1.19% | -48.18% | |
| 17 | SCHB | Schwab US Broad Market ETF | ETF-Other | 0.78% | -0.26% | -12.06% | |
| 18 | GPIX | Gldm SA S&p 500 Pr In Etf-us | ETF-Large Cap & Growth | 0.71% | +0.33% | +118.80% | |
| 19 | AAPL | Apple Inc | Stock-Tech | 0.48% | -0.42% | -44.70% | |
| 20 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.46% | -0.07% | +1.27% | |
| 21 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.31% | -0.05% | — | |
| 22 | IWB | Ishares Russell 1000 ETF | ETF-Other | 0.29% | -0.05% | — | |
| 23 | MSFT | Microsoft CORP | Stock-Tech | 0.28% | +0.04% | +0.64% | |
| 24 | CVX | Chevron CORP | Stock-Energy | 0.26% | +0.01% | +0.09% | |
| 25 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 0.26% | -0.04% | — | |
| 26 | LNG | Cheniere Energy Inc | Stock-Energy | 0.25% | -0.10% | -24.76% | |
| 27 | JQUA | Jpmorgan US Quality Factor | ETF-Other | 0.25% | -0.04% | — | |
| 28 | GSLC | Goldman Activebeta US Lc ETF | ETF-Commodities | 0.25% | -0.04% | -0.23% | |
| 29 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.24% | -0.04% | -1.02% | |
| 30 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.18% | -0.05% | — | |
| 31 | FLY | Firefly Aerospace Inc | Stock-Other | 0.10% | -0.13% | -32.90% | |
| 32 | VUG | Vanguard Growth ETF | ETF-Other | 0.10% | -0.01% | — | |
| 33 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.09% | -0.01% | — | |
| 34 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.09% | -0.01% | +1.09% | |
| 35 | VB | Vanguard Small-cap ETF | ETF-Other | 0.08% | -0.03% | — | |
| 36 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.08% | — | -2.76% | |
| 37 | ✓ | Stock-Other | 0.08% | +0.08% | NEW | ||
| 38 | CWI | State Street Spdr Msci Acwi | ETF-Other | 0.08% | -0.01% | — | |
| 39 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.08% | -0.02% | — | |
| 40 | VTV | Vanguard Value ETF | ETF-Other | 0.08% | -0.01% | — | |
| 41 | V | Visa Inc-class A Shares | Stock-Financials | 0.07% | -0.01% | +0.47% | |
| 42 | GVA | Granite Construction Inc | Stock-Industrials | 0.07% | -0.04% | — | |
| 43 | BOXX | Alpha Architect 1-3 Mnth Box | ETF-Other | 0.07% | +0.07% | NEW | |
| 44 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.06% | -0.01% | +0.32% |
Portfolio Performance
Performance for Q4 2026
+1.1%
Performance Last 4 Quarters
+10.9%
- Stdev
- +9.4%
- Beta
- +0.75
- Alpha
- +0.8%
- Max Drawdown
- -6%
- Annualized Perf
- +14.3%
- Batting Avg vs S&P
- +46.9%
- Sortino
- +2.74
- Stutzer
- +0.42
- Treynor
- +0.18
- Sterling
- +0.94
- Calmar
- +2.37
- Information Ratio
- -0.82
- Tracking Error
- +4.2%
- Stdev Down
- +5%
- Winning Months %
- +71.9%
- Losing Months %
- +28.1%
- Best 12 Months
- +25.6%
- Worst 12 Months
- +6.7%
- Efficiency Ratio
- +0.54
- Sharpe
- +1.47
- Stdev Sectors
- +13.1%
- Skewness
- -0.36
- Kurtosis
- -0.34
- Upside Potential
- +4.28
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Penney Financial, LLC's most significant position changes for 2026-09-30: Sold out: Franklin Dynamic Municipal B (FLMI); Sold out: Vanguard Tax-exempt Bond ETF (VTEB); Sold out: Dimensional National Muni Bd (DFNM); Sold out: Ishares Short-term National (SUB); Sold out: Eaton Vance Total Return (EVTR).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SGOV | Ishares 0-3 Month Treasury B | +8.4% | +201.47% | Add |
| 2 | JPST | Jpmorgan Ultra-short Income | +7.2% | +592.02% | Add |
| 3 | GPIX | Gldm SA S&p 500 Pr In Etf-us | +0.3% | +118.80% | Add |
| 4 | ✓ | +0.1% | NEW | New buy | |
| 5 | BOXX | Alpha Architect 1-3 Mnth Box | +0.1% | NEW | New buy |
| 6 | MSFT | Microsoft CORP | 0% | +0.64% | Add |
| 7 | DFSD | Dimensional Short Duration | 0% | +22.66% | Add |
| 8 | CVX | Chevron CORP | 0% | +0.09% | Add |
| 9 | META | Meta Platforms Inc-class A | — | -2.76% | Trim |
| 10 | VUG | Vanguard Growth ETF | 0% | — | Unchanged |
| 11 | V | Visa Inc-class A Shares | 0% | +0.47% | Add |
| 12 | GOOGL | Alphabet Inc-cl A | 0% | +1.09% | Add |
| 13 | SCHX | Schwab US Large-cap ETF | 0% | — | Unchanged |
| 14 | JPM | Jpmorgan Chase & Co | 0% | +0.32% | Add |
| 15 | VTV | Vanguard Value ETF | 0% | — | Unchanged |
| 16 | CWI | State Street Spdr Msci Acwi | 0% | — | Unchanged |
| 17 | IJH | Ishares Core S&p Midcap ETF | 0% | — | Unchanged |
| 18 | VB | Vanguard Small-cap ETF | 0% | — | Unchanged |
| 19 | GVA | Granite Construction Inc | 0% | — | Unchanged |
| 20 | AMZN | Amazon.com Inc | 0% | -1.02% | Trim |
| 21 | JQUA | Jpmorgan US Quality Factor | 0% | — | Unchanged |
| 22 | GSLC | Goldman Activebeta US Lc ETF | 0% | -0.23% | Trim |
| 23 | ITOT | Ishares Core S&p Total U.s. | 0% | — | Unchanged |
| 24 | IWM | Ishares Russell 2000 ETF | -0.1% | — | Unchanged |
| 25 | IVV | Ishares Core S&p 500 ETF | -0.1% | — | Unchanged |
| 26 | IWB | Ishares Russell 1000 ETF | -0.1% | — | Unchanged |
| 27 | JEPI | Jpmorgan Equity Premium Inco | -0.1% | +15.66% | Add |
| 28 | EQNR | Equinor Asa-spon Adr | -0.1% | EXIT | Sold out |
| 29 | AGG | Ishares Core U.s. Aggregate | -0.1% | EXIT | Sold out |
| 30 | VOO | Vanguard S&p 500 ETF | -0.1% | +1.27% | Add |
| 31 | XOM | Exxon Mobil CORP | -0.1% | EXIT | Sold out |
| 32 | BTI | British American Tob-sp Adr | -0.1% | EXIT | Sold out |
| 33 | CAT | Caterpillar Inc | -0.1% | EXIT | Sold out |
| 34 | BSV | Vanguard Short-term Bond ETF | -0.1% | EXIT | Sold out |
| 35 | LNG | Cheniere Energy Inc | -0.1% | -24.76% | Trim |
| 36 | FLY | Firefly Aerospace Inc | -0.1% | -32.90% | Trim |
| 37 | VXUS | Vanguard Total Intl Stock | -0.1% | +5.83% | Add |
| 38 | EVTR | Eaton Vance Total Return | -0.2% | EXIT | Sold out |
| 39 | JPIE | Jpmorgan Income ETF | -0.2% | +14.78% | Add |
| 40 | SCHB | Schwab US Broad Market ETF | -0.3% | -12.06% | Trim |
| 41 | HELO | Jpmorgan Hedged Equity ETF | -0.3% | -10.09% | Trim |
| 42 | VCRB | Vanguard Core Bond ETF | -0.3% | +19.13% | Add |
| 43 | AAPL | Apple Inc | -0.4% | -44.70% | Trim |
| 44 | SUB | Ishares Short-term National | -0.5% | EXIT | Sold out |
| 45 | VYM | Vanguard High Dvd Yield ETF | -0.5% | +2.95% | Add |
| 46 | SCHD | Schwab US Dvd Equity ETF | -0.5% | -3.24% | Trim |
| 47 | DFNM | Dimensional National Muni Bd | -0.6% | EXIT | Sold out |
| 48 | IEFA | Ishares Core Msci Eafe ETF | -0.7% | +0.61% | Add |
| 49 | VTEB | Vanguard Tax-exempt Bond ETF | -0.9% | EXIT | Sold out |
| 50 | FLMI | Franklin Dynamic Municipal B | -1.1% | EXIT | Sold out |
1–50 of 55
Filing History
FAQ
What is Penney Financial, LLC and what type of investor is it?
Penney Financial, 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 $338.9M, spread across 44 disclosed positions.
What are Penney Financial, LLC's largest equity positions?
Based on the latest 13F filing, Penney Financial, LLC's top holdings by market value are:
1. Dimensional US Eq Mkt ETF (DFUS) — $79.5M (23.4%)
2. Ishares 0-3 Month Treasury B (SGOV) — $47.1M (13.9%)
3. Vanguard Total Stock Mkt ETF (VTI) — $45.9M (13.6%)
4. Jpmorgan Ultra-short Income (JPST) — $29.4M (8.7%)
5. Vanguard Ftse Developed ETF (VEA) — $24.7M (7.3%)
What changes did Penney Financial, LLC make in its most recent portfolio filing?
In the latest reported quarter, Penney Financial, LLC made 43 notable position adjustments: 2 new positions were initiated, 19 existing holdings were added to, 11 positions were partially reduced, and 11 were completely exited. The largest of these moves: Sold out: Franklin Dynamic Municipal B (FLMI); Sold out: Vanguard Tax-exempt Bond ETF (VTEB); Sold out: Dimensional National Muni Bd (DFNM); Sold out: Ishares Short-term National (SUB); Sold out: Eaton Vance Total Return (EVTR)
What sectors does Penney Financial, LLC focus on?
Penney Financial, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 40.6%
• Energy: 27.2%
• Consumer Discretionary: 12.8%
• Communication Services: 8.9%
• Financials: 6.9%
• Industrials: 3.6%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Penney Financial, LLC returned an annualized 14.3% over the trailing 32 months — outperforming the S&P 500 by 0.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.75 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 40.6% of the portfolio concentrated in Information Technology.
It has added to its JPST position over the past two quarters (+$29.0M, now $29.4M), while trimming VB over the same stretch (-$6.1M, still holding $285.9K).
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