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Thayer Financial, L.L.C. 13F Disclosure (Q3 2026) — Portfolio & Holdings
Thayer Financial, L.L.C.CIK: 0002100981
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$111.1M
Reporting period: 2026-09-30 · Number of holdings: 32
Thayer Financial, L.L.C. disclosed 32 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $111.1M and a quarterly turnover rate of 50.3%.
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Personality snowflake
- Concentration
- 35.92
- Portfolio Stability
- 50.29
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 64
- Sizing Uniformity
- 86.09
Thayer Financial, L.L.C.'s disclosed holdings carry a Herfindahl concentration index of 0.090 — mathematically equivalent to about 11 equally-sized positions, well below its 32 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 1.39), 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 3.3 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.govSold out CGSD
New buy DFCF
New buy DFSD
New buy VGSH
Sold out VRIG
New buy 25239Y196
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 | VUG | Vanguard Growth ETF | ETF-Other | 16.74% | +0.73% | +0.76% | |
| 2 | VTV | Vanguard Value ETF | ETF-Other | 14.77% | +0.12% | +2.38% | |
| 3 | DFAI | Dimensional International Co | ETF-Other | 12.60% | +0.48% | +5.44% | |
| 4 | CGMS | Cap Group US Multi-sect Bond | ETF-Other | 6.87% | +0.45% | +12.50% | |
| 5 | DFCF | Dimensional Core Fixed Inc | ETF-Other | 6.77% | +6.77% | NEW | |
| 6 | DFAE | Dimensional Emerging Core Eq | ETF-Emerging Markets | 5.59% | +0.08% | +4.83% | |
| 7 | VB | Vanguard Small-cap ETF | ETF-Other | 5.40% | -0.15% | +3.89% | |
| 8 | DFSD | Dimensional Short Duration | ETF-Other | 4.81% | +4.81% | NEW | |
| 9 | VGSH | Vanguard Short-term Treasury | ETF-Gov Bonds | 4.77% | +4.77% | NEW | |
| 10 | ✓ | Stock-Other | 3.97% | +3.97% | NEW | ||
| 11 | SCHG | Schwab US Large-cap Growth | ETF-Other | 3.44% | +0.27% | +2.84% | |
| 12 | AVDE | Avantis International Equity | ETF-Other | 1.69% | -0.12% | -5.82% | |
| 13 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-Large Cap & Growth | 1.60% | -0.02% | -0.92% | |
| 14 | DUSB | Dimension Ultrashort Fi ETF | ETF-Other | 1.48% | +1.48% | NEW | |
| 15 | SCHV | Schwab US Large-cap Value | ETF-Other | 1.26% | -0.05% | +1.26% | |
| 16 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.79% | -0.08% | -8.63% | |
| 17 | SMLF | Ishares US Smallcap Equity F | ETF-Other | 0.74% | -0.09% | -5.29% | |
| 18 | SMMD | Ishares Russell 2500 ETF | ETF-Other | 0.68% | -0.06% | -1.65% | |
| 19 | IUSG | Ishares Core S&p U.s. Growth | ETF-Other | 0.67% | +0.01% | — | |
| 20 | DUK | Duke Energy CORP | Stock-Utilities | 0.58% | +0.05% | +22.96% | |
| 21 | AAPL | Apple Inc | Stock-Tech | 0.53% | +0.06% | — | |
| 22 | AVSC | Avantis US Small Cap Equity | ETF-Small Cap | 0.53% | -0.04% | -1.74% | |
| 23 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.47% | +0.23% | +94.52% | |
| 24 | IDEV | Ishares Core Msci Dev Mkts | ETF-Other | 0.46% | -0.03% | -3.73% | |
| 25 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.45% | -0.09% | -15.34% | |
| 26 | VGT | Vanguard Info Tech ETF | ETF-Tech | 0.43% | +0.43% | NEW | |
| 27 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 0.39% | -0.08% | — | |
| 28 | AVEM | Avantis Emerging Markets Eq | ETF-Emerging Markets | 0.38% | -0.01% | — | |
| 29 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.36% | -0.08% | -18.92% | |
| 30 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.29% | — | -0.04% | |
| 31 | VV | Vanguard Large-cap ETF | ETF-Other | 0.27% | — | — | |
| 32 | NVDA | Nvidia CORP | Stock-Tech | 0.20% | +0.20% | NEW |
Portfolio Performance
Performance for Q4 2026
+0.8%
Performance Last 4 Quarters
+4.9%
- Stdev
- +10.7%
- Beta
- +0.63
- Alpha
- -3.9%
- Max Drawdown
- -1.6%
- Annualized Perf
- +7.4%
- Batting Avg vs S&P
- +37.5%
- Sortino
- +1.25
- Stutzer
- +0.22
- Treynor
- +0.12
- Sterling
- —
- Calmar
- +4.56
- Information Ratio
- -1.54
- Tracking Error
- +7%
- Stdev Down
- +6.1%
- Winning Months %
- +62.5%
- Losing Months %
- +37.5%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.26
- Sharpe
- +0.71
- Stdev Sectors
- +8.3%
- Skewness
- -0.08
- Kurtosis
- -0.24
- Upside Potential
- +2.93
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Thayer Financial, L.L.C.'s most significant position changes for 2026-09-30: Sold out: Cap Group Short Duration (CGSD); New buy: Dimensional Core Fixed Inc (DFCF); New buy: Dimensional Short Duration (DFSD); New buy: Vanguard Short-term Treasury (VGSH); Sold out: Invesco Variable Rate Invest (VRIG).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DFCF | Dimensional Core Fixed Inc | +6.8% | NEW | New buy |
| 2 | DFSD | Dimensional Short Duration | +4.8% | NEW | New buy |
| 3 | VGSH | Vanguard Short-term Treasury | +4.8% | NEW | New buy |
| 4 | ✓ | +4% | NEW | New buy | |
| 5 | DUSB | Dimension Ultrashort Fi ETF | +1.5% | NEW | New buy |
| 6 | VUG | Vanguard Growth ETF | +0.7% | +0.76% | Add |
| 7 | DFAI | Dimensional International Co | +0.5% | +5.44% | Add |
| 8 | CGMS | Cap Group US Multi-sect Bond | +0.5% | +12.50% | Add |
| 9 | VGT | Vanguard Info Tech ETF | +0.4% | NEW | New buy |
| 10 | SCHG | Schwab US Large-cap Growth | +0.3% | +2.84% | Add |
| 11 | VTI | Vanguard Total Stock Mkt ETF | +0.2% | +94.52% | Add |
| 12 | NVDA | Nvidia CORP | +0.2% | NEW | New buy |
| 13 | VTV | Vanguard Value ETF | +0.1% | +2.38% | Add |
| 14 | DFAE | Dimensional Emerging Core Eq | +0.1% | +4.83% | Add |
| 15 | AAPL | Apple Inc | +0.1% | — | Unchanged |
| 16 | DUK | Duke Energy CORP | +0.1% | +22.96% | Add |
| 17 | IUSG | Ishares Core S&p U.s. Growth | 0% | — | Unchanged |
| 18 | VV | Vanguard Large-cap ETF | — | — | Unchanged |
| 19 | VWO | Vanguard Ftse Emerging Marke | — | -0.04% | Trim |
| 20 | AVEM | Avantis Emerging Markets Eq | 0% | — | Unchanged |
| 21 | SPYV | Ss Spdr P S&p 500 Value ETF | 0% | -0.92% | Trim |
| 22 | IDEV | Ishares Core Msci Dev Mkts | 0% | -3.73% | Trim |
| 23 | AVSC | Avantis US Small Cap Equity | 0% | -1.74% | Trim |
| 24 | SCHV | Schwab US Large-cap Value | -0.1% | +1.26% | Add |
| 25 | SMMD | Ishares Russell 2500 ETF | -0.1% | -1.65% | Trim |
| 26 | LOW | Lowe's Cos Inc | -0.1% | — | Unchanged |
| 27 | VOO | Vanguard S&p 500 ETF | -0.1% | -18.92% | Trim |
| 28 | QQQ | Invesco Qqq Trust Series 1 | -0.1% | -8.63% | Trim |
| 29 | SMLF | Ishares US Smallcap Equity F | -0.1% | -5.29% | Trim |
| 30 | IEFA | Ishares Core Msci Eafe ETF | -0.1% | -15.34% | Trim |
| 31 | AVDE | Avantis International Equity | -0.1% | -5.82% | Trim |
| 32 | VB | Vanguard Small-cap ETF | -0.2% | +3.89% | Add |
| 33 | GLW | Corning Inc | -0.2% | EXIT | Sold out |
| 34 | DFAC | Dimensional US Core Equity 2 | -0.3% | EXIT | Sold out |
| 35 | PYLD | Pimco Multisector Bond Actv | -0.4% | EXIT | Sold out |
| 36 | LDUR | Pimco Enhanced Low Duration | -0.4% | EXIT | Sold out |
| 37 | DFAT | Dimensional US Target Value | -3.7% | EXIT | Sold out |
| 38 | DUHP | Dimensional US High Profi Et | -3.9% | EXIT | Sold out |
| 39 | VRIG | Invesco Variable Rate Invest | -4.4% | EXIT | Sold out |
| 40 | CGSD | Cap Group Short Duration | -10.8% | EXIT | Sold out |
Filing History
FAQ
What is Thayer Financial, L.L.C. and what type of investor is it?
Thayer Financial, L.L.C. 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 $111.1M, spread across 32 disclosed positions.
What are Thayer Financial, L.L.C.'s largest equity positions?
Based on the latest 13F filing, Thayer Financial, L.L.C.'s top holdings by market value are:
1. Vanguard Growth ETF (VUG) — $18.6M (16.7%)
2. Vanguard Value ETF (VTV) — $16.4M (14.8%)
3. Dimensional International Co (DFAI) — $14.0M (12.6%)
4. Cap Group US Multi-sect Bond (CGMS) — $7.6M (6.9%)
5. Dimensional Core Fixed Inc (DFCF) — $7.5M (6.8%)
What changes did Thayer Financial, L.L.C. make in its most recent portfolio filing?
In the latest reported quarter, Thayer Financial, L.L.C. made 35 notable position adjustments: 7 new positions were initiated, 10 existing holdings were added to, 10 positions were partially reduced, and 8 were completely exited. The largest of these moves: Sold out: Cap Group Short Duration (CGSD); New buy: Dimensional Core Fixed Inc (DFCF); New buy: Dimensional Short Duration (DFSD); New buy: Vanguard Short-term Treasury (VGSH); Sold out: Invesco Variable Rate Invest (VRIG)
What sectors does Thayer Financial, L.L.C. focus on?
Thayer Financial, L.L.C. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 43.1%
• Utilities: 34.0%
• Consumer Discretionary: 22.9%
Investment Profile
Thayer Financial, L.L.C. returned an annualized 7.4% over the trailing 8 months — underperforming the S&P 500 by 3.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.63 (less volatile than the market) and a 38% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 43.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 50 over the past 3 quarters — a shift toward more active trading.
It has added to its VUG position over the past two quarters (+$4.0M, now $18.6M), while trimming LOW over the same stretch (-$127.5K, still holding $431.5K).
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