PM
Phraction Management LLC 13F Filing (Q2 2026) — Top Positions & Stock Picks
Phraction Management LLCCIK: 0001907803
Momentum followerQuality / disciplined sizing
Total reported value
$595.5M
Reporting period: 2026-06-30 · Number of holdings: 66
Phraction Management LLC disclosed 66 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $595.5M and a quarterly turnover rate of 32.5%.
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Personality snowflake
- Concentration
- 44.74
- Portfolio Stability
- 32.45
- Momentum
- 100
- Sector conviction
- 60.07
- Diversification
- 100
- Sizing Uniformity
- 74.77
Phraction Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.112 — mathematically equivalent to about 9 equally-sized positions, well below its 66 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 2.52), 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 62% 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 SPY
+61.6% $84.0M
Sold out HON
Trim ADI
-38.0% -$5.5M
New buy 438516205
New buy 43849R105
Add AMAT
-0.5% $8.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 65 holdings (of 66 total)
| # | 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 | 30.60% | +10.26% | +61.57% | |
| 2 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 5.81% | -0.38% | +1.24% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 4.61% | -0.70% | -13.80% | |
| 4 | ASML | ASML Holding N.V. | Stock-Tech | 4.51% | +0.58% | -5.91% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 3.92% | -0.90% | -0.49% | |
| 6 | ADI | Analog Devices Inc | Stock-Tech | 3.17% | -1.88% | -37.97% | |
| 7 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 2.91% | -0.39% | +6.44% | |
| 8 | ENTG | Entegris Inc | Stock-Tech | 2.90% | +0.32% | -9.86% | |
| 9 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.66% | -0.78% | -22.48% | |
| 10 | AMAT | Applied Materials Inc | Stock-Tech | 2.60% | +1.08% | -0.47% | |
| 11 | BAC 7.25 PERP LBond | Bank Of America CORP | Bond | 2.56% | -0.46% | -0.55% | |
| 12 | DHR | Danaher CORP | Stock-Healthcare | 2.21% | -0.93% | -13.51% | |
| 13 | LIN | Linde plc | Stock-Materials | 2.10% | -0.38% | -0.06% | |
| 14 | TDG | Transdigm Group Inc | Stock-Industrials | 1.73% | -0.11% | +1.16% | |
| 15 | V | Visa Inc-class A Shares | Stock-Financials | 1.69% | -0.13% | +0.48% | |
| 16 | RTX | Rtx CORP | Stock-Industrials | 1.62% | -0.67% | -11.00% | |
| 17 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.56% | -0.23% | +3.24% | |
| 18 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.51% | +0.75% | +149.98% | |
| 19 | PHYS | Sprott Physical Gold Trust | Stock-Other | 1.47% | -0.49% | +9.01% | |
| 20 | SPGI | S&p Global Inc | Stock-Financials | 1.47% | -0.83% | -17.51% | |
| 21 | WMB | Williams Cos Inc | Stock-Energy | 1.35% | -0.32% | -2.02% | |
| 22 | TDY | Teledyne Technologies Inc | Stock-Tech | 1.34% | -0.16% | — | |
| 23 | TXN | Texas Instruments Inc | Stock-Tech | 1.31% | +0.04% | -17.30% | |
| 24 | WFC 7.5 PERP LBond | Wells Fargo & Company | Bond | 1.27% | -0.27% | +1.32% | |
| 25 | BDX | Becton Dickinson And Co | Stock-Healthcare | 1.18% | -0.33% | +0.22% | |
| 26 | ✓ | Stock-Other | 1.16% | +1.16% | NEW | ||
| 27 | LRCX | Lam Research CORP | Stock-Tech | 1.15% | +0.18% | -28.22% | |
| 28 | ✓ | Stock-Other | 1.14% | +1.14% | NEW | ||
| 29 | SNPS | Synopsys Inc | Stock-Tech | 1.07% | -0.06% | +3.84% | |
| 30 | BAC | Bank Of America CORP | Stock-Financials | 0.92% | -0.23% | -15.97% | |
| 31 | ICE | Intercontinental Exchange In | Stock-Financials | 0.78% | -0.45% | -0.46% | |
| 32 | PM | Philip Morris International | Stock-Consumer Staples | 0.76% | -0.14% | -5.18% | |
| 33 | FERG | Ferguson Enterprises Inc | Stock-Industrials | 0.73% | -0.16% | -0.33% | |
| 34 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 0.42% | -0.18% | — | |
| 35 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.33% | -0.14% | — | |
| 36 | MKTW | Marketwise Inc | Stock-Other | 0.28% | -0.10% | -6.10% | |
| 37 | NVDA | Nvidia CORP | Stock-Tech | 0.27% | -0.02% | — | |
| 38 | BSX | Boston Scientific CORP | Stock-Healthcare | 0.26% | -0.22% | -0.14% | |
| 39 | ETN | Eaton Corporation plc | Stock-Industrials | 0.23% | -0.01% | — | |
| 40 | BN | Brookfield CORP | Stock-Financials | 0.22% | -0.03% | — | |
| 41 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.20% | -0.03% | -4.21% | |
| 42 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 0.17% | -0.09% | — | |
| 43 | AAPL | Apple Inc | Stock-Tech | 0.17% | -0.01% | — | |
| 44 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 0.17% | -0.02% | — | |
| 45 | MOAT | Vaneck Morningstar Wide Moat | ETF-Other | 0.16% | -0.02% | — | |
| 46 | SPGP | Invesco S&p 500 Garp ETF | ETF-Large Cap & Growth | 0.14% | -0.01% | — | |
| 47 | ET 9.25 PERP IBond | Energy Transfer LP | Bond | 0.14% | -0.02% | +4.09% | |
| 48 | EPD | Enterprise Products Partners | Stock-Energy | 0.14% | -0.03% | — | |
| 49 | ASHR | Xtrackers Harvest Csi 300 Ch | ETF-Other | 0.11% | -0.01% | — | |
| 50 | IHI | Ishares U.s. Medical Devices | ETF-Other | 0.09% | -0.03% | — |
1–50 of 65
Portfolio Performance
Performance for Q3 2026
+1.9%
Performance Last 4 Quarters
+27.8%
- Stdev
- +13.7%
- Beta
- +0.97
- Alpha
- +1.5%
- Max Drawdown
- -9%
- Annualized Perf
- +21.9%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +3.3
- Stutzer
- +0.45
- Treynor
- +0.22
- Sterling
- +1.35
- Calmar
- +2.43
- Information Ratio
- +0.16
- Tracking Error
- +5.5%
- Stdev Down
- +6.3%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +42.4%
- Worst 12 Months
- +7.6%
- Efficiency Ratio
- +0.66
- Sharpe
- +1.53
- Stdev Sectors
- +10%
- Skewness
- +0.21
- Kurtosis
- +0.22
- Upside Potential
- +4.9
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 66 | $595.5M | 32 | ||
| 2026 Q1 | 65 | $482.9M | 38 | ||
| 2025 Q4 | 67 | $375.3M | 18 | ||
| 2025 Q3 | 66 | $346.5M | 36 | ||
| 2025 Q2 | 73 | $312.7M | 0 | ||
| 2025 Q1 | 74 | $298.6M | 0 | ||
| 2024 Q4 | 71 | $285.2M | 0 | ||
| 2024 Q3 | 69 | $282.8M | 0 | ||
| 2024 Q2 | 67 | $273.6M | 0 | ||
| 2024 Q1 | 63 | $259.9M | 0 | ||
| 2023 Q4 | 52 | $242.0M | 0 | ||
| 2023 Q3 | 50 | $212.0M | 0 | ||
| 2023 Q2 | 46 | $202.6M | 0 | ||
| 2023 Q1 | 45 | $174.4M | 0 | ||
| 2022 Q4 | 46 | $152.4M | 0 | ||
| 2022 Q3 | 48 | $132.4M | 0 | ||
| 2022 Q2 | 64 | $152.1M | 0 | ||
| 2022 Q1 | 65 | $173.8M | 0 | ||
| 2021 Q4 | 69 | $165.1M | 0 |
Holding changes this quarter
Phraction Management LLC's most significant position changes for 2026-06-30: Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; Add: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares +61.57%; Trim: Analog Devices Inc (ADI) — shares -37.97%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +10.3% | +61.57% | Add |
| 2 | ✓ | +1.2% | NEW | New buy | |
| 3 | ✓ | +1.1% | NEW | New buy | |
| 4 | AMAT | Applied Materials Inc | +1.1% | -0.47% | Trim |
| 5 | META | Meta Platforms Inc-class A | +0.8% | +149.98% | Add |
| 6 | ASML | ASML Holding N.V. | +0.6% | -5.91% | Trim |
| 7 | ENTG | Entegris Inc | +0.3% | -9.86% | Trim |
| 8 | LRCX | Lam Research CORP | +0.2% | -28.22% | Trim |
| 9 | TXN | Texas Instruments Inc | 0% | -17.30% | Trim |
| 10 | MARA | Mara Holdings Inc | 0% | — | Unchanged |
| 11 | GUTS | Fractyl Health Inc | 0% | — | Unchanged |
| 12 | SGHC | Super Group (SGHC) Limited | — | — | Unchanged |
| 13 | AVGO | Broadcom Inc | — | — | Unchanged |
| 14 | QQQ | Invesco Qqq Trust Series 1 | — | — | Unchanged |
| 15 | NOBL | Proshares S&p 500 Dividend A | — | +100.00% | Add |
| 16 | SUIG | Sui Group Holdings LTD | — | — | Unchanged |
| 17 | ETN | Eaton Corporation plc | 0% | — | Unchanged |
| 18 | AAPL | Apple Inc | 0% | — | Unchanged |
| 19 | SPGP | Invesco S&p 500 Garp ETF | 0% | — | Unchanged |
| 20 | ASHR | Xtrackers Harvest Csi 300 Ch | 0% | — | Unchanged |
| 21 | FMX | Fomento Economico Mex-sp Adr | 0% | -2.78% | Trim |
| 22 | HD | Home Depot Inc | 0% | — | Unchanged |
| 23 | FE | Firstenergy CORP | 0% | -3.82% | Trim |
| 24 | SBEV | Splash Beverage Group Inc | 0% | +76.64% | Add |
| 25 | NVDA | Nvidia CORP | 0% | — | Unchanged |
| 26 | VEU | Vanguard Ftse All-world Ex-u | 0% | — | Unchanged |
| 27 | MOAT | Vaneck Morningstar Wide Moat | 0% | — | Unchanged |
| 28 | REGN | Regeneron Pharmaceuticals | 0% | — | Unchanged |
| 29 | INDA | Ishares Msci India ETF | 0% | — | Unchanged |
| 30 | ET 9.25 PERP IBond | Energy Transfer LP | 0% | +4.09% | Add |
| 31 | NOC | Northrop Grumman CORP | 0% | +6.14% | Add |
| 32 | RSP | Invesco S&p 500 Equal Weight | 0% | -4.21% | Trim |
| 33 | BN | Brookfield CORP | 0% | — | Unchanged |
| 34 | IHI | Ishares U.s. Medical Devices | 0% | — | Unchanged |
| 35 | EPD | Enterprise Products Partners | 0% | — | Unchanged |
| 36 | SNPS | Synopsys Inc | -0.1% | +3.84% | Add |
| 37 | GDX | Vaneck Gold Miners ETF | -0.1% | — | Unchanged |
| 38 | MKTW | Marketwise Inc | -0.1% | -6.10% | Trim |
| 39 | TDG | Transdigm Group Inc | -0.1% | +1.16% | Add |
| 40 | V | Visa Inc-class A Shares | -0.1% | +0.48% | Add |
| 41 | PEP | Pepsico Inc | -0.1% | — | Unchanged |
| 42 | PM | Philip Morris International | -0.1% | -5.18% | Trim |
| 43 | TDY | Teledyne Technologies Inc | -0.2% | — | Unchanged |
| 44 | FERG | Ferguson Enterprises Inc | -0.2% | -0.33% | Trim |
| 45 | IBIT | Ishares Bitcoin Trust ETF | -0.2% | — | Unchanged |
| 46 | BIL | Ss Spdr Bb 1-3m T-bill ETF | -0.2% | -82.40% | Trim |
| 47 | BSX | Boston Scientific CORP | -0.2% | -0.14% | Trim |
| 48 | BRK-B | Berkshire Hathaway Inc-cl B | -0.2% | +3.24% | Add |
| 49 | BAC | Bank Of America CORP | -0.2% | -15.97% | Trim |
| 50 | WFC 7.5 PERP LBond | Wells Fargo & Company | -0.3% | +1.32% | Add |
1–50 of 66
* 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.
Filing History
FAQ
What is Phraction Management LLC and what type of investor is it?
Phraction Management 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 $595.5M, spread across 66 disclosed positions.
What are Phraction Management LLC's largest equity positions?
Based on the latest 13F filing, Phraction Management LLC's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $182.3M (30.6%)
2. Amazon.com Inc (AMZN) — $34.6M (5.8%)
3. Alphabet Inc-cl A (GOOGL) — $27.5M (4.6%)
4. ASML Holding N.V. (ASML) — $26.9M (4.5%)
5. Microsoft CORP (MSFT) — $23.4M (3.9%)
What changes did Phraction Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Phraction Management LLC made 43 notable position adjustments: 2 new positions were initiated, 15 existing holdings were added to, 25 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; Add: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares +61.57%; Trim: Analog Devices Inc (ADI) — shares -37.97%
What sectors does Phraction Management LLC focus on?
Phraction Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.3%
• Financials: 14.5%
• Communication Services: 14.2%
• Health Care: 10.7%
• Consumer Discretionary: 9.5%
• Industrials: 7.1%
Investment Profile
Phraction Management LLC returned an annualized 21.9% over the trailing 36 months — outperforming the S&P 500 by 1.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.97 (roughly in line with the market) and a 47% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 36.3% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 32 over the past 4 quarters — a shift toward more active trading.
It has added to its SPY position over the past two quarters (+$178.4M, now $182.3M), while trimming BAC over the same stretch (-$4.2M, still holding $5.5M).
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