RA
REX Advisers, LLC — Quarterly 13F Portfolio Report
REX Advisers, LLCCIK: 0002016827
High-turnover traderSector-focusedMomentum follower
Total reported value
$33.1M
Reporting period: 2026-03-31 · Number of holdings: 74
REX Advisers, LLC disclosed 74 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $33.1M and a quarterly turnover rate of 106.4%.
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Personality snowflake
- Concentration
- 43.32
- Portfolio Stability
- 100
- Momentum/Contrarian
- 100
- Sector conviction
- 100
- Diversification
- 58
- Sizing Uniformity
- 85.11
REX Advisers, LLC's disclosed holdings carry a Herfindahl concentration index of 0.108 — mathematically equivalent to about 9 equally-sized positions, well below its 74 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 1.49), 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 3.9 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 43% 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.
Recent moves
Trim NVDA
+19.5% -$836.0K
Trim TSLA
+19.0% -$1.0M
Trim LUNR
+17.3% -$393.9K
Trim ASTS
+22.8% -$379.4K
Add WMT
+246.5% $515.0K
Add LLY
+144.4% $367.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 29 holdings (of 74 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 21.21% | -12.00% | +19.50% | |
| 2 | RCAT | Red Cat Holdings INC | Stock-Other | 19.88% | +19.88% | NEW | |
| 3 | TSLA | Tesla INC | Stock-Consumer Disc | 11.59% | -8.98% | +18.98% | |
| 4 | FLY | Firefly Aerospace INC | Stock-Other | 3.13% | +3.13% | NEW | |
| 5 | AFRM | Affirm Holdings INC | Stock-Financials | 2.56% | +2.56% | NEW | |
| 6 | LITE | Lumentum Holdings INC | Stock-Tech | 2.51% | +2.51% | NEW | |
| 7 | FSLY | Fastly INC - Class A | Stock-Tech | 2.48% | +2.48% | NEW | |
| 8 | LMND | Lemonade INC | Stock-Financials | 2.35% | +2.35% | NEW | |
| 9 | UPST | Upstart Holdings INC | Stock-Financials | 2.34% | +2.34% | NEW | |
| 10 | SOC | Sable Offshore CORP | Stock-Other | 2.30% | +2.30% | NEW | |
| 11 | COHR | Coherent CORP | Stock-Tech | 2.30% | +2.30% | NEW | |
| 12 | SEDG | Solaredge Technologies INC | Stock-Tech | 2.28% | +2.28% | NEW | |
| 13 | WULF | Terawulf INC | Stock-Financials | 2.26% | +2.26% | NEW | |
| 14 | NBIS | Nebius Group NV | Stock-Other | 2.26% | +2.26% | NEW | |
| 15 | AAOI | Applied Optoelectronics INC | Stock-Tech | 2.23% | +2.23% | NEW | |
| 16 | APLD | Applied Digital CORP | Stock-Tech | 2.22% | +2.22% | NEW | |
| 17 | VG | Venture Global Inc-cl A | Stock-Energy | 2.22% | +2.22% | NEW | |
| 18 | PL | Planet Labs Pbc | Stock-Industrials | 2.16% | +2.16% | NEW | |
| 19 | WMT | Walmart INC | Stock-Consumer Staples | 2.08% | +1.34% | +246.53% | |
| 20 | COIN | Coinbase Global INC -class A | Stock-Financials | 2.04% | -0.19% | -22.08% | |
| 21 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.85% | +0.81% | +144.44% | |
| 22 | MSTR | Strategy INC | Stock-Tech | 1.79% | -0.58% | -1.68% | |
| 23 | CRWV | Coreweave Inc-cl A | Stock-Tech | 1.13% | +0.16% | +61.82% | |
| 24 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 1.12% | -0.05% | +54.17% | |
| 25 | HOOD | Robinhood Markets INC - A | Stock-Financials | 0.83% | -0.73% | +22.39% | |
| 26 | UMAC | Unusual Machines INC /us | Stock-Other | 0.25% | +0.25% | NEW | |
| 27 | LUNR | Intuitive Machines INC | Stock-Other | 0.22% | -1.76% | +17.31% | |
| 28 | BW | Babcock & Wilcox Enterpr | Stock-Other | 0.22% | +0.22% | NEW | |
| 29 | ASTS | Ast Spacemobile INC | Stock-Tech | 0.19% | -1.68% | +22.76% |
Portfolio Performance
Performance for Q3 2026
-4.1%
Performance Last 4 Quarters
+8.5%
Based on 5 months of available history
Based on 59% of reported portfolio value with available pricing
- Stdev
- +33.9%
- Beta
- +1.44
- Alpha
- -8.1%
- Max Drawdown
- -11.2%
- Annualized Perf
- +21.6%
- Batting Avg vs S&P
- +60%
- Sortino
- +1.66
- Stutzer
- —
- Treynor
- +0.17
- Sterling
- —
- Calmar
- +1.93
- Information Ratio
- +0.1
- Tracking Error
- +18%
- Stdev Down
- +14.6%
- Winning Months %
- +40%
- Losing Months %
- +60%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.23
- Sharpe
- +0.71
- Stdev Sectors
- +20.2%
- Skewness
- +0.44
- Kurtosis
- -1.22
- Upside Potential
- +3.92
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
REX Advisers, LLC's most significant position changes for 2026-03-31: New buy: Red Cat Holdings INC (RCAT); New buy: Firefly Aerospace INC (FLY); New buy: Affirm Holdings INC (AFRM); New buy: Lumentum Holdings INC (LITE); New buy: Fastly INC - Class A (FSLY).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | WMT | Walmart INC | +1.3% | +246.53% | Add |
| 2 | LLY | Eli Lilly & Co | +0.8% | +144.44% | Add |
| 3 | CRWV | Coreweave Inc-cl A | +0.2% | +61.82% | Add |
| 4 | PLTR | Palantir Technologies Inc-a | -0.1% | +54.17% | Add |
| 5 | COIN | Coinbase Global INC -class A | -0.2% | -22.08% | Trim |
| 6 | MSTR | Strategy INC | -0.6% | -1.68% | Trim |
| 7 | HOOD | Robinhood Markets INC - A | -0.7% | +22.39% | Add |
| 8 | ASTS | Ast Spacemobile INC | -1.7% | +22.76% | Add |
| 9 | LUNR | Intuitive Machines INC | -1.8% | +17.31% | Add |
| 10 | TSLA | Tesla INC | -9% | +18.98% | Add |
| 11 | NVDA | Nvidia CORP | -12% | +19.50% | Add |
| 12 | RCAT | Red Cat Holdings INC | — | NEW | New buy |
| 13 | FLY | Firefly Aerospace INC | — | NEW | New buy |
| 14 | AFRM | Affirm Holdings INC | — | NEW | New buy |
| 15 | LITE | Lumentum Holdings INC | — | NEW | New buy |
| 16 | FSLY | Fastly INC - Class A | — | NEW | New buy |
| 17 | LMND | Lemonade INC | — | NEW | New buy |
| 18 | UPST | Upstart Holdings INC | — | NEW | New buy |
| 19 | SOC | Sable Offshore CORP | — | NEW | New buy |
| 20 | COHR | Coherent CORP | — | NEW | New buy |
| 21 | SEDG | Solaredge Technologies INC | — | NEW | New buy |
| 22 | WULF | Terawulf INC | — | NEW | New buy |
| 23 | NBIS | Nebius Group NV | — | NEW | New buy |
| 24 | AAOI | Applied Optoelectronics INC | — | NEW | New buy |
| 25 | APLD | Applied Digital CORP | — | NEW | New buy |
| 26 | VG | Venture Global Inc-cl A | — | NEW | New buy |
| 27 | PL | Planet Labs Pbc | — | NEW | New buy |
| 28 | RDDT | Reddit Inc-cl A | — | EXIT | Sold out |
| 29 | RUN | Sunrun INC | — | EXIT | Sold out |
| 30 | CORZ | Core Scientific INC | — | EXIT | Sold out |
| 31 | OKLO | Oklo INC | — | EXIT | Sold out |
| 32 | SNDK | Sandisk CORP | — | EXIT | Sold out |
| 33 | U | Unity Software INC | — | EXIT | Sold out |
| 34 | IONQ | Ionq INC | — | EXIT | Sold out |
| 35 | RKLB | Rocket Lab CORP | — | EXIT | Sold out |
| 36 | VKTX | Viking Therapeutics INC | — | EXIT | Sold out |
| 37 | BE | Bloom Energy Corp- A | — | EXIT | Sold out |
| 38 | HL | Hecla Mining Co | — | EXIT | Sold out |
| 39 | ENPH | Enphase Energy INC | — | EXIT | Sold out |
| 40 | JOBY | Joby Aviation, Inc. | — | EXIT | Sold out |
| 41 | RIVN | Rivian Automotive Inc-a | — | EXIT | Sold out |
| 42 | WDC | Western Digital CORP | — | EXIT | Sold out |
| 43 | CDE | Coeur Mining INC | — | EXIT | Sold out |
| 44 | RIOT | Riot Platforms INC | — | EXIT | Sold out |
| 45 | UEC | Uranium Energy CORP | — | EXIT | Sold out |
| 46 | UMAC | Unusual Machines INC /us | — | NEW | New buy |
| 47 | BW | Babcock & Wilcox Enterpr | — | NEW | New buy |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-16 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-20 | 13F-HR | View on EDGAR |
FAQ
What is REX Advisers, LLC and what type of investor is it?
REX Advisers, 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 (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $33.1M, spread across 74 disclosed positions.
What are REX Advisers, LLC's largest equity positions?
Based on the latest 13F filing, REX Advisers, LLC's top holdings by market value are:
1. Nvidia CORP (NVDA) — $7.0M (21.2%)
2. Red Cat Holdings INC (RCAT) — $6.6M (19.9%)
3. Tesla INC (TSLA) — $3.8M (11.6%)
4. Firefly Aerospace INC (FLY) — $1.0M (3.1%)
5. Affirm Holdings INC (AFRM) — $848.4K (2.6%)
What changes did REX Advisers, LLC make in its most recent portfolio filing?
In the latest reported quarter, REX Advisers, LLC made 47 notable position adjustments: 18 new positions were initiated, 9 existing holdings were added to, 2 positions were partially reduced, and 18 were completely exited. The largest of these moves: New buy: Red Cat Holdings INC (RCAT); New buy: Firefly Aerospace INC (FLY); New buy: Affirm Holdings INC (AFRM); New buy: Lumentum Holdings INC (LITE); New buy: Fastly INC - Class A (FSLY)
What sectors does REX Advisers, LLC focus on?
REX Advisers, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 56.7%
• Consumer Discretionary: 27.3%
• Financials: 6.8%
• Consumer Staples: 4.9%
• Health Care: 4.4%
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