RA
Reflection Asset Management — 13F Portfolio Analysis & Stock Picks (Q2 2026)
Reflection Asset ManagementCIK: 0002108398
Diversified strategyMomentum followerSector-focused
Total reported value
$214.0M
Reporting period: 2026-06-30 · Number of holdings: 159
Reflection Asset Management disclosed 159 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $214.0M and a quarterly turnover rate of 31.8%.
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Personality snowflake
- Concentration
- 9.02
- Portfolio Stability
- 31.79
- Momentum
- 100
- Sector conviction
- 89.3
- Diversification
- 100
- Sizing Uniformity
- 83.87
Reflection Asset Management's disclosed holdings carry a Herfindahl concentration index of 0.023 — mathematically equivalent to about 44 equally-sized positions, well below its 159 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 1.61), 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AMD
+6.3% $3.2M
Trim AAPL
+4.3% $2.1M
Trim PRIV
-59.4% -$1.5M
Add GOOGL
+63.6% $3.1M
Add MU
+6.9% $2.6M
Add DELL
-0.4% $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 | AAPL | Apple Inc | Stock-Tech | 7.62% | -1.09% | +4.28% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 6.70% | -0.57% | +9.22% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 3.90% | -0.64% | +13.82% | |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 3.08% | -0.57% | +0.56% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.88% | +0.99% | +63.57% | |
| 6 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.87% | -0.84% | -3.59% | |
| 7 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 2.67% | -0.69% | +0.17% | |
| 8 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.61% | -0.56% | +5.24% | |
| 9 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.39% | +0.18% | +44.32% | |
| 10 | DELL | Dell Technologies -c | Stock-Tech | 2.29% | +0.85% | -0.39% | |
| 11 | AMD | Advanced Micro Devices | Stock-Tech | 2.25% | +1.27% | +6.33% | |
| 12 | AMAT | Applied Materials Inc | Stock-Tech | 2.13% | +0.68% | +1.97% | |
| 13 | LRCX | Lam Research CORP | Stock-Tech | 2.13% | +0.49% | -16.28% | |
| 14 | KLAC | Kla CORP | Stock-Tech | 1.99% | +0.39% | +697.18% | |
| 15 | MU | Micron Technology Inc | Stock-Tech | 1.95% | +0.96% | +6.92% | |
| 16 | APH | Amphenol Corp-cl A | Stock-Tech | 1.66% | +0.22% | +8.27% | |
| 17 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.48% | -0.48% | +5.16% | |
| 18 | NDSN | Nordson CORP | Stock-Industrials | 1.40% | +0.06% | +21.14% | |
| 19 | AVGO | Broadcom Inc | Stock-Tech | 1.30% | +0.17% | +22.94% | |
| 20 | L | Loews CORP | Stock-Financials | 1.27% | -0.26% | +2.34% | |
| 21 | XYL | Xylem Inc | Stock-Industrials | 1.22% | +0.03% | +35.16% | |
| 22 | ANET | Arista Networks Inc | Stock-Tech | 1.18% | +0.47% | +57.13% | |
| 23 | C | Citigroup Inc | Stock-Financials | 1.13% | -0.15% | +1.92% | |
| 24 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 1.00% | -0.19% | +5.49% | |
| 25 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.95% | -0.30% | -4.11% | |
| 26 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.90% | +0.02% | +18.67% | |
| 27 | DHR | Danaher CORP | Stock-Healthcare | 0.85% | +0.07% | +42.04% | |
| 28 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 0.81% | -0.28% | -3.45% | |
| 29 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.80% | -0.12% | +14.18% | |
| 30 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.79% | -0.04% | -4.67% | |
| 31 | QTUM | Defiance Quantum ETF | ETF-Other | 0.79% | -0.05% | — | |
| 32 | KIM | Kimco Realty CORP | Stock-Real Estate | 0.78% | +0.04% | +21.09% | |
| 33 | ALLW | State Street Brgwtr All Wthr | ETF-Other | 0.76% | -0.26% | -0.21% | |
| 34 | AVY | Avery Dennison CORP | Stock-Consumer Disc | 0.76% | -0.30% | +0.46% | |
| 35 | ROST | Ross Stores Inc | Stock-Consumer Disc | 0.74% | +0.08% | +49.33% | |
| 36 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.73% | -0.05% | +12.04% | |
| 37 | EG | Everest Group, Ltd. | Stock-Financials | 0.71% | -0.06% | +10.69% | |
| 38 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.71% | -0.19% | +0.39% | |
| 39 | ADP | Automatic Data Processing | Stock-Tech | 0.69% | -0.15% | -2.06% | |
| 40 | FOCT | Ft Vest U.s. Equity Buffer E | ETF-Other | 0.66% | -0.21% | -2.98% | |
| 41 | VLTO | Veralto CORP | Stock-Industrials | 0.65% | -0.02% | +26.49% | |
| 42 | A | Agilent Technologies Inc | Stock-Healthcare | 0.63% | +0.25% | +87.08% | |
| 43 | IBM | Intl Business Machines CORP | Stock-Tech | 0.59% | -0.07% | +1.12% | |
| 44 | QCOM | Qualcomm Inc | Stock-Tech | 0.58% | -0.07% | +1.85% | |
| 45 | CDNS | Cadence Design Sys Inc | Stock-Tech | 0.58% | +0.26% | +78.14% | |
| 46 | OMC | Omnicom Group | Stock-Comm Services | 0.58% | -0.09% | +17.87% | |
| 47 | SYK | Stryker CORP | Stock-Healthcare | 0.57% | -0.26% | -6.19% | |
| 48 | SNPS | Synopsys Inc | Stock-Tech | 0.57% | +0.19% | +72.84% | |
| 49 | INTC | Intel CORP | Stock-Tech | 0.54% | +0.27% | +5.56% | |
| 50 | PRIV | Ss Ig Publ Priv Cred Etf-usd | ETF-Other | 0.49% | -1.07% | -59.42% |
1–50 of 159
Portfolio Performance
Performance for Q4 2026
+4.4%
Performance Last 4 Quarters
+13.8%
- Stdev
- +16.7%
- Beta
- +1.02
- Alpha
- +0.8%
- Max Drawdown
- -1.3%
- Annualized Perf
- +21.4%
- Batting Avg vs S&P
- +50%
- Sortino
- +3.01
- Stutzer
- +0.4
- Treynor
- +0.2
- Sterling
- —
- Calmar
- +16.25
- Information Ratio
- +0.33
- Tracking Error
- +3.4%
- Stdev Down
- +6.9%
- Winning Months %
- +50%
- Losing Months %
- +50%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.5
- Sharpe
- +1.24
- Stdev Sectors
- +14.1%
- Skewness
- +0.42
- Kurtosis
- -0.34
- Upside Potential
- +4.53
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Reflection Asset Management's most significant position changes for 2026-06-30: New buy: Axon Enterprise Inc (AXON); New buy: Smurfit Westrock Plc (SW); New buy: Nrg Energy Inc (NRG); New buy: Vistra CORP (VST); New buy: Aptiv PLC (APTV).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMD | Advanced Micro Devices | +1.3% | +6.33% | Add |
| 2 | GOOGL | Alphabet Inc-cl A | +1% | +63.57% | Add |
| 3 | MU | Micron Technology Inc | +1% | +6.92% | Add |
| 4 | DELL | Dell Technologies -c | +0.9% | -0.39% | Trim |
| 5 | AMAT | Applied Materials Inc | +0.7% | +1.97% | Add |
| 6 | LRCX | Lam Research CORP | +0.5% | -16.28% | Trim |
| 7 | ANET | Arista Networks Inc | +0.5% | +57.13% | Add |
| 8 | KLAC | Kla CORP | +0.4% | +697.18% | Add |
| 9 | AXON | Axon Enterprise Inc | +0.3% | NEW | New buy |
| 10 | SW | Smurfit Westrock Plc | +0.3% | NEW | New buy |
| 11 | NRG | Nrg Energy Inc | +0.3% | NEW | New buy |
| 12 | INTC | Intel CORP | +0.3% | +5.56% | Add |
| 13 | VST | Vistra CORP | +0.3% | NEW | New buy |
| 14 | APTV | Aptiv PLC | +0.3% | NEW | New buy |
| 15 | VYM | Vanguard High Dvd Yield ETF | +0.3% | NEW | New buy |
| 16 | CDNS | Cadence Design Sys Inc | +0.3% | +78.14% | Add |
| 17 | TMO | Thermo Fisher Scientific Inc | +0.3% | +268.91% | Add |
| 18 | A | Agilent Technologies Inc | +0.3% | +87.08% | Add |
| 19 | CRH | CRH plc | +0.3% | NEW | New buy |
| 20 | PODD | Insulet CORP | +0.2% | NEW | New buy |
| 21 | APH | Amphenol Corp-cl A | +0.2% | +8.27% | Add |
| 22 | SNDK | Sandisk CORP | +0.2% | NEW | New buy |
| 23 | TRMB | Trimble Inc | +0.2% | NEW | New buy |
| 24 | BSX | Boston Scientific CORP | +0.2% | NEW | New buy |
| 25 | MRVL | Marvell Technology Inc | +0.2% | NEW | New buy |
| 26 | SNPS | Synopsys Inc | +0.2% | +72.84% | Add |
| 27 | PANW | Palo Alto Networks Inc | +0.2% | NEW | New buy |
| 28 | META | Meta Platforms Inc-class A | +0.2% | +44.32% | Add |
| 29 | AVGO | Broadcom Inc | +0.2% | +22.94% | Add |
| 30 | WDC | Western Digital CORP | +0.2% | NEW | New buy |
| 31 | CVS | Cvs Health CORP | +0.2% | NEW | New buy |
| 32 | STX | Seagate Technology Holdings plc | +0.2% | NEW | New buy |
| 33 | GLW | Corning Inc | +0.1% | NEW | New buy |
| 34 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | NEW | New buy |
| 35 | HSIC | Henry Schein Inc | +0.1% | +60.19% | Add |
| 36 | WELL | Welltower Inc | +0.1% | NEW | New buy |
| 37 | CSCO | Cisco Systems Inc | +0.1% | +21.61% | Add |
| 38 | SCHW | Schwab (charles) CORP | +0.1% | NEW | New buy |
| 39 | VRT | Vertiv Holdings Co-a | +0.1% | NEW | New buy |
| 40 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | NEW | New buy |
| 41 | PGR | Progressive CORP | +0.1% | NEW | New buy |
| 42 | TD | Toronto-dominion Bank | +0.1% | NEW | New buy |
| 43 | SBUX | Starbucks CORP | +0.1% | NEW | New buy |
| 44 | CM | Can Imperial Bk Of Commerce | +0.1% | NEW | New buy |
| 45 | EQIX | Equinix Inc | +0.1% | NEW | New buy |
| 46 | MDT | Medtronic plc | +0.1% | NEW | New buy |
| 47 | APP | Applovin Corp-class A | +0.1% | NEW | New buy |
| 48 | COF | Capital One Financial CORP | +0.1% | NEW | New buy |
| 49 | BKNG | Booking Holdings Inc | +0.1% | NEW | New buy |
| 50 | PWR | Quanta Services Inc | +0.1% | NEW | New buy |
1–50 of 162
Filing History
FAQ
What is Reflection Asset Management and what type of investor is it?
Reflection Asset 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 (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $214.0M, spread across 159 disclosed positions.
What are Reflection Asset Management's largest equity positions?
Based on the latest 13F filing, Reflection Asset Management's top holdings by market value are:
1. Apple Inc (AAPL) — $16.3M (7.6%)
2. Nvidia CORP (NVDA) — $14.3M (6.7%)
3. Microsoft CORP (MSFT) — $8.3M (3.9%)
4. Invesco Qqq Trust Series 1 (QQQ) — $6.6M (3.1%)
5. Alphabet Inc-cl A (GOOGL) — $6.2M (2.9%)
What changes did Reflection Asset Management make in its most recent portfolio filing?
In the latest reported quarter, Reflection Asset Management made 150 notable position adjustments: 35 new positions were initiated, 81 existing holdings were added to, 31 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Axon Enterprise Inc (AXON); New buy: Smurfit Westrock Plc (SW); New buy: Nrg Energy Inc (NRG); New buy: Vistra CORP (VST); New buy: Aptiv PLC (APTV)
What sectors does Reflection Asset Management focus on?
Reflection Asset Management is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 50.6%
• Communication Services: 12.4%
• Consumer Discretionary: 9.3%
• Financials: 9.0%
• Health Care: 7.7%
• Industrials: 4.9%
* 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
Reflection Asset Management returned an annualized 21.4% over the trailing 8 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 1.02 (roughly in line with the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 50.6% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 32 over the past 2 quarters — a shift toward more active trading.
It has added to its AAPL position over the past two quarters (+$8.8M, now $16.3M), while trimming PRIV over the same stretch (-$1.6M, still holding $1.0M).
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Developer Access
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