RW
Refined Wealth Management: 13F Stock Holdings & Portfolio (Q3 2026)
Refined Wealth ManagementCIK: 0001724729
Diversified strategySector-focusedMomentum follower
Total reported value
$178.6M
Reporting period: 2026-09-30 · Number of holdings: 48
Refined Wealth Management disclosed 48 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $178.6M and a quarterly turnover rate of 13.9%.
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Personality snowflake
- Concentration
- 23.82
- Portfolio Stability
- 13.9
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 96
- Sizing Uniformity
- 86.22
Refined Wealth Management's disclosed holdings carry a Herfindahl concentration index of 0.060 — mathematically equivalent to about 17 equally-sized positions, well below its 48 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 1.38), 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 3.4 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 19% 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.govTrim ENVX
+0.7% -$2.7M
Add BITB
+1.8% $3.6M
Add MPC
+0.8% $3.5M
Add COIN
-0.9% $2.3M
Trim BBBY
+2.5% -$1.2M
Trim REMX
+4.2% -$827.0K
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 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 11.94% | -0.11% | +7.76% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 10.07% | -0.16% | +5.67% | |
| 3 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 8.47% | — | +10.19% | |
| 4 | BITB | Bitwise Bitcoin ETF | ETF-Crypto | 6.50% | +1.67% | +1.78% | |
| 5 | COIN | Coinbase Global Inc -class A | Stock-Financials | 6.09% | +0.89% | -0.92% | |
| 6 | MPC | Marathon Petroleum CORP | Stock-Energy | 5.41% | +1.67% | +0.79% | |
| 7 | CVX | Chevron CORP | Stock-Energy | 5.08% | +0.58% | -1.10% | |
| 8 | PYLD | Pimco Multisector Bond Actv | ETF-Other | 4.89% | -0.20% | +8.23% | |
| 9 | VTV | Vanguard Value ETF | ETF-Other | 4.71% | -0.10% | +6.47% | |
| 10 | BINC | Ishares Flex I A Etf-usd Inc | ETF-Other | 4.67% | -0.10% | +8.65% | |
| 11 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-Other | 4.57% | -0.20% | +6.43% | |
| 12 | GLD | Spdr Gold Shares | ETF-Commodities | 3.75% | -0.07% | +2.30% | |
| 13 | JPIB | Jpmorgan Intl Bnd ETF | ETF-Other | 3.33% | -0.15% | +6.71% | |
| 14 | SCHR | Schwab Intermediate-term US | ETF-Other | 3.25% | -0.22% | +4.76% | |
| 15 | PICK | Ishares Msci Global Metals & | ETF-Other | 2.72% | -0.06% | +2.28% | |
| 16 | AVUV | Avantis US Small Cap Value | ETF-Small Cap | 1.53% | -0.12% | +5.92% | |
| 17 | XRP | Bitwise Xrp ETF | ETF-Other | 1.50% | +0.42% | +4.54% | |
| 18 | REMX | Vaneck Rar Earth Nd Stg-usdi | ETF-Other | 1.44% | -0.61% | +4.20% | |
| 19 | XMMO | Invesco S&p Midcap Momentum | ETF-Other | 1.44% | -0.24% | +6.92% | |
| 20 | ENVX | Enovix CORP | Stock-Other | 1.38% | -1.71% | +0.70% | |
| 21 | BBBY | Bed Bath & Beyond Inc | Stock-Other | 0.71% | -0.76% | +2.53% | |
| 22 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.66% | +0.03% | +10.77% | |
| 23 | NVDA | Nvidia CORP | Stock-Tech | 0.62% | +0.04% | +0.39% | |
| 24 | AAPL | Apple Inc | Stock-Tech | 0.49% | -0.02% | -10.28% | |
| 25 | FTSM | First Trust Enh Short Mat Fd | ETF-Other | 0.47% | -0.04% | — | |
| 26 | NULG | Nuveen Esg Lrg-cap Grw ETF | ETF-Other | 0.44% | -0.08% | -5.67% | |
| 27 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.41% | -0.01% | — | |
| 28 | UNP | Union Pacific CORP | Stock-Industrials | 0.38% | -0.03% | +0.48% | |
| 29 | VSGX | Vanguard Esg Intl Stock ETF | ETF-Other | 0.35% | -0.07% | -9.08% | |
| 30 | BNDX | Vanguard Total Intl Bond ETF | ETF-Other | 0.26% | -0.04% | -3.87% | |
| 31 | SRLN | Ss Blackstone Sr Loan ETF | ETF-Other | 0.26% | -0.02% | -1.07% | |
| 32 | MSFT | Microsoft CORP | Stock-Tech | 0.25% | +0.05% | — | |
| 33 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.23% | +0.03% | — | |
| 34 | XMAG | Defiance Le Cap Ex-mag 7 ETF | ETF-Other | 0.21% | -0.03% | — | |
| 35 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.19% | -0.02% | — | |
| 36 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.18% | -0.02% | -2.66% | |
| 37 | VB | Vanguard Small-cap ETF | ETF-Other | 0.15% | -0.01% | +2.23% | |
| 38 | GLDM | Spdr Gold Minishares Trust | ETF-Commodities | 0.14% | -0.01% | — | |
| 39 | BIV | Vanguard Intermediate-term B | ETF-Other | 0.14% | +0.14% | NEW | |
| 40 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 0.13% | -0.03% | -2.49% | |
| 41 | VCLT | Vanguard Long-term CORP Bond | ETF-Corp Bonds | 0.13% | -0.02% | -2.34% | |
| 42 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.12% | -0.03% | +0.49% | |
| 43 | AVGO | Broadcom Inc | Stock-Tech | 0.11% | -0.02% | — | |
| 44 | ETN | Eaton Corporation plc | Stock-Industrials | 0.11% | -0.04% | -17.77% | |
| 45 | XRPI | Xrp ETF | ETF-Other | 0.06% | +0.02% | — | |
| 46 | NXE | Nexgen Energy LTD | Stock-Other | 0.06% | — | — | |
| 47 | DNN | Denison Mines CORP | Stock-Other | 0.02% | — | — | |
| 48 | URG | Ur-energy Inc | Stock-Other | 0.01% | — | — |
Portfolio Performance
Performance for Q4 2026
+5.2%
Performance Last 4 Quarters
-5.4%
- Stdev
- +17.6%
- Beta
- +1.18
- Alpha
- -13%
- Max Drawdown
- -14%
- Annualized Perf
- +13.2%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +1.44
- Stutzer
- +0.23
- Treynor
- +0.12
- Sterling
- +0.7
- Calmar
- +0.94
- Information Ratio
- -0.87
- Tracking Error
- +10.3%
- Stdev Down
- +9.7%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +25.4%
- Worst 12 Months
- -8.5%
- Efficiency Ratio
- +0.28
- Sharpe
- +0.79
- Stdev Sectors
- +19.8%
- Skewness
- +0.06
- Kurtosis
- -1.08
- Upside Potential
- +3.43
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 48 | $178.6M | 14 | ||
| 2026 Q2 | 49 | $165.7M | 13 | ||
| 2026 Q1 | 50 | $158.4M | 100 | ||
| 2025 Q4 | 43 | $148.6M | 15 | ||
| 2025 Q3 | 36 | $155.6M | 23 | ||
| 2025 Q2 | 33 | $145.5M | 0 | ||
| 2025 Q1 | 27 | $122.2M | 100 | ||
| 2024 Q4 | 27 | $131.4M | 0 | ||
| 2024 Q3 | 27 | $129.7M | 0 | ||
| 2024 Q2 | 28 | $129.7M | 0 | ||
| 2024 Q1 | 29 | $142.0M | 0 | ||
| 2023 Q4 | 26 | $128.2M | 0 | ||
| 2023 Q3 | 26 | $111.4M | 0 | ||
| 2023 Q2 | 26 | $121.3M | 0 | ||
| 2023 Q1 | 25 | $113.2M | 0 | ||
| 2022 Q4 | 26 | $114.3M | 0 | ||
| 2022 Q3 | 25 | $110.8M | 0 | ||
| 2022 Q2 | 25 | $111.8M | 0 | ||
| 2022 Q1 | 26 | $118.3M | 0 | ||
| 2021 Q4 | 23 | $128.9M | 0 | ||
| 2021 Q3 | 21 | $123.5M | 0 | ||
| 2021 Q2 | 20 | $119.1M | 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
Refined Wealth Management's most significant position changes for 2026-09-30: New buy: Vanguard Intermediate-term B (BIV); Sold out: Wisdmtree Emerg Mkt Ex-st Ow (XSOE); Sold out: Bed Bath & Beyond Inc (BBBY-WS); Add: Enovix CORP (ENVX) — shares +0.70%; Add: Bitwise Bitcoin ETF (BITB) — shares +1.78%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | BITB | Bitwise Bitcoin ETF | +1.7% | +1.78% | Add |
| 2 | MPC | Marathon Petroleum CORP | +1.7% | +0.79% | Add |
| 3 | COIN | Coinbase Global Inc -class A | +0.9% | -0.92% | Trim |
| 4 | CVX | Chevron CORP | +0.6% | -1.10% | Trim |
| 5 | XRP | Bitwise Xrp ETF | +0.4% | +4.54% | Add |
| 6 | BIV | Vanguard Intermediate-term B | +0.1% | NEW | New buy |
| 7 | MSFT | Microsoft CORP | +0.1% | — | Unchanged |
| 8 | NVDA | Nvidia CORP | 0% | +0.39% | Add |
| 9 | VOO | Vanguard S&p 500 ETF | 0% | +10.77% | Add |
| 10 | META | Meta Platforms Inc-class A | 0% | — | Unchanged |
| 11 | XRPI | Xrp ETF | 0% | — | Unchanged |
| 12 | RSP | Invesco S&p 500 Equal Weight | — | +10.19% | Add |
| 13 | DNN | Denison Mines CORP | — | — | Unchanged |
| 14 | URG | Ur-energy Inc | — | — | Unchanged |
| 15 | NXE | Nexgen Energy LTD | — | — | Unchanged |
| 16 | AMZN | Amazon.com Inc | 0% | — | Unchanged |
| 17 | BBBY-WS | Bed Bath & Beyond Inc | 0% | EXIT | Sold out |
| 18 | VB | Vanguard Small-cap ETF | 0% | +2.23% | Add |
| 19 | GLDM | Spdr Gold Minishares Trust | 0% | — | Unchanged |
| 20 | VCLT | Vanguard Long-term CORP Bond | 0% | -2.34% | Trim |
| 21 | AAPL | Apple Inc | 0% | -10.28% | Trim |
| 22 | VO | Vanguard Mid-cap ETF | 0% | -2.66% | Trim |
| 23 | AVGO | Broadcom Inc | 0% | — | Unchanged |
| 24 | SRLN | Ss Blackstone Sr Loan ETF | 0% | -1.07% | Trim |
| 25 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | — | Unchanged |
| 26 | TSLA | Tesla Inc | 0% | +0.49% | Add |
| 27 | TLT | Ishares 20+ Year Treasury Bd | 0% | -2.49% | Trim |
| 28 | XMAG | Defiance Le Cap Ex-mag 7 ETF | 0% | — | Unchanged |
| 29 | UNP | Union Pacific CORP | 0% | +0.48% | Add |
| 30 | ETN | Eaton Corporation plc | 0% | -17.77% | Trim |
| 31 | BNDX | Vanguard Total Intl Bond ETF | 0% | -3.87% | Trim |
| 32 | FTSM | First Trust Enh Short Mat Fd | 0% | — | Unchanged |
| 33 | PICK | Ishares Msci Global Metals & | -0.1% | +2.28% | Add |
| 34 | GLD | Spdr Gold Shares | -0.1% | +2.30% | Add |
| 35 | VSGX | Vanguard Esg Intl Stock ETF | -0.1% | -9.08% | Trim |
| 36 | NULG | Nuveen Esg Lrg-cap Grw ETF | -0.1% | -5.67% | Trim |
| 37 | VTV | Vanguard Value ETF | -0.1% | +6.47% | Add |
| 38 | BINC | Ishares Flex I A Etf-usd Inc | -0.1% | +8.65% | Add |
| 39 | VEA | Vanguard Ftse Developed ETF | -0.1% | +7.76% | Add |
| 40 | AVUV | Avantis US Small Cap Value | -0.1% | +5.92% | Add |
| 41 | XSOE | Wisdmtree Emerg Mkt Ex-st Ow | -0.1% | EXIT | Sold out |
| 42 | JPIB | Jpmorgan Intl Bnd ETF | -0.2% | +6.71% | Add |
| 43 | QQQ | Invesco Qqq Trust Series 1 | -0.2% | +5.67% | Add |
| 44 | PYLD | Pimco Multisector Bond Actv | -0.2% | +8.23% | Add |
| 45 | EMXC | Ishares Msci Emr Mrk Ex Chna | -0.2% | +6.43% | Add |
| 46 | SCHR | Schwab Intermediate-term US | -0.2% | +4.76% | Add |
| 47 | XMMO | Invesco S&p Midcap Momentum | -0.2% | +6.92% | Add |
| 48 | REMX | Vaneck Rar Earth Nd Stg-usdi | -0.6% | +4.20% | Add |
| 49 | BBBY | Bed Bath & Beyond Inc | -0.8% | +2.53% | Add |
| 50 | ENVX | Enovix CORP | -1.7% | +0.70% | Add |
Filing History
FAQ
What is Refined Wealth Management and what type of investor is it?
Refined Wealth Management 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 $178.6M, spread across 48 disclosed positions.
What are Refined Wealth Management's largest equity positions?
Based on the latest 13F filing, Refined Wealth Management's top holdings by market value are:
1. Vanguard Ftse Developed ETF (VEA) — $21.3M (11.9%)
2. Invesco Qqq Trust Series 1 (QQQ) — $18.0M (10.1%)
3. Invesco S&p 500 Equal Weight (RSP) — $15.1M (8.5%)
4. Bitwise Bitcoin ETF (BITB) — $11.6M (6.5%)
5. Coinbase Global Inc -class A (COIN) — $10.9M (6.1%)
What changes did Refined Wealth Management make in its most recent portfolio filing?
In the latest reported quarter, Refined Wealth Management made 38 notable position adjustments: 1 new positions were initiated, 24 existing holdings were added to, 11 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Vanguard Intermediate-term B (BIV); Sold out: Wisdmtree Emerg Mkt Ex-st Ow (XSOE); Sold out: Bed Bath & Beyond Inc (BBBY-WS); Add: Enovix CORP (ENVX) — shares +0.70%; Add: Bitwise Bitcoin ETF (BITB) — shares +1.78%
What sectors does Refined Wealth Management focus on?
Refined Wealth Management is concentrated in the following sectors based on its current disclosed equity portfolio:
• Energy: 54.3%
• Financials: 31.6%
• Information Technology: 7.6%
• Consumer Discretionary: 2.7%
• Industrials: 2.6%
• Communication Services: 1.2%
Investment Profile
Refined Wealth Management returned an annualized 13.2% over the trailing 36 months — underperforming the S&P 500 by 13.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.18 (more volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 54.3% of the portfolio concentrated in Energy.
It has added to its QQQ position over the past two quarters (+$4.6M, now $18.0M), while trimming TLT over the same stretch (-$96.1K, still holding $225.7K).
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