TI
Traphagen Investment Advisors LLC's 13F Portfolio ($1.4B, Q2 2026)
Traphagen Investment Advisors LLCCIK: 0002023380
Momentum followerSector-focused
Total reported value
$1.4B
Reporting period: 2026-06-30 · Number of holdings: 220
TRAPHAGEN INVESTMENT ADVISORS LLC disclosed 220 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.4B and a quarterly turnover rate of 21.1%.
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Personality snowflake
- Concentration
- 37.04
- Portfolio Stability
- 21.07
- Momentum
- 100
- Sector conviction
- 66.7
- Diversification
- 100
- Sizing Uniformity
- 55.99
Traphagen Investment Advisors LLC's disclosed holdings carry a Herfindahl concentration index of 0.093 — mathematically equivalent to about 11 equally-sized positions, well below its 220 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 4.40), 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 15% 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 GFLW
+72.6% $43.7M
Trim COWG
-95.7% -$28.5M
Add FENI
+49.5% $15.9M
Add IVV
+1.3% $50.1M
Add ALAI
+29.7% $8.3M
Trim SHY
-41.9% -$5.3M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 220 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 25.81% | +0.60% | +1.28% | |
| 2 | AVUS | Avantis U.s. Equity ETF | ETF-Other | 9.29% | -0.20% | -3.61% | |
| 3 | VFLO | Victoryshares Free Cash Flow | ETF-Other | 7.09% | +0.11% | -0.64% | |
| 4 | GFLW | Vs Free Cash Flow Growth ETF | ETF-Other | 5.61% | +2.78% | +72.59% | |
| 5 | JSI | Jh Securitized Income ETF | ETF-Other | 3.95% | -0.27% | +6.88% | |
| 6 | GRID | First Trst Nasd Cl Edg Sgiif | ETF-Other | 3.71% | — | -3.43% | |
| 7 | AAPL | Apple Inc | Stock-Tech | 3.29% | +0.38% | +12.54% | |
| 8 | JAAA | Janus Henderson Aaa Clo ETF | ETF-Other | 3.18% | -0.33% | +2.43% | |
| 9 | FENI | Fidelity Enhanced Intl ETF | ETF-Other | 2.99% | +0.89% | +49.50% | |
| 10 | TPYP | Tortoise North American Pipe | ETF-Other | 2.65% | -0.32% | +2.26% | |
| 11 | FUTY | Fidelity Msci US Utilities | ETF-Other | 1.88% | -0.02% | +13.15% | |
| 12 | VGIT | Vanguard Intermediate-term T | ETF-Other | 1.86% | -0.23% | +1.88% | |
| 13 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 1.81% | -0.28% | -2.23% | |
| 14 | GPZ | Vaneck Alt Asset Manager ETF | ETF-Other | 1.63% | -0.12% | +5.45% | |
| 15 | ALAI | Alger Ai Enable & Adopt ETF | ETF-Other | 1.35% | +0.50% | +29.65% | |
| 16 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 1.26% | +0.09% | +6.70% | |
| 17 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.23% | +0.07% | +4.44% | |
| 18 | BPRE | Bluerock Private Real Estate | Stock-Financials | 1.09% | -0.49% | -0.22% | |
| 19 | CME | Cme Group Inc | Stock-Financials | 0.77% | -0.39% | +0.08% | |
| 20 | BITB | Bitwise Bitcoin ETF | ETF-Crypto | 0.75% | -0.15% | +8.84% | |
| 21 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.75% | -0.06% | — | |
| 22 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.73% | +0.04% | +0.01% | |
| 23 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 0.63% | +0.06% | +21.15% | |
| 24 | NVDA | Nvidia CORP | Stock-Tech | 0.56% | — | -0.74% | |
| 25 | TLTW | Ishares 20+ Bond Buywrite | ETF-Other | 0.55% | +0.42% | +394.35% | |
| 26 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 0.52% | -0.50% | -41.87% | |
| 27 | ICE | Intercontinental Exchange In | Stock-Financials | 0.49% | -0.23% | +0.02% | |
| 28 | MSFT | Microsoft CORP | Stock-Tech | 0.42% | -0.04% | +0.86% | |
| 29 | IGM | Ishares Expanded Tech Sector | ETF-Tech | 0.39% | +0.07% | -0.78% | |
| 30 | NFLX | Netflix Inc | Stock-Comm Services | 0.38% | +0.35% | +1651.26% | |
| 31 | PZA | Invesco National Amt-free Mu | ETF-Other | 0.37% | -0.04% | +0.74% | |
| 32 | PEG | Public Service Enterprise Gp | Stock-Utilities | 0.35% | -0.04% | +0.25% | |
| 33 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.34% | +0.02% | -2.58% | |
| 34 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.33% | +0.01% | +2.90% | |
| 35 | MUB | Ishares National Muni Bond E | ETF-Other | 0.32% | -0.09% | -13.27% | |
| 36 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.31% | -0.01% | +0.05% | |
| 37 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.31% | -0.02% | +0.51% | |
| 38 | HD | Home Depot Inc | Stock-Consumer Disc | 0.29% | -0.03% | -2.92% | |
| 39 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.29% | +0.03% | +1.54% | |
| 40 | GBTC | Grayscale Bitcoin Trust ETF | ETF-Crypto | 0.27% | -0.09% | -1.47% | |
| 41 | CAT | Caterpillar Inc | Stock-Industrials | 0.24% | +0.06% | -0.13% | |
| 42 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.24% | +0.01% | +0.26% | |
| 43 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 0.22% | -0.05% | +4.56% | |
| 44 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.21% | -0.01% | -4.90% | |
| 45 | COWZ | Pacer US Cash Cows 100 ETF | ETF-Other | 0.20% | -0.07% | -14.99% | |
| 46 | CSCO | Cisco Systems Inc | Stock-Tech | 0.20% | +0.05% | -4.09% | |
| 47 | STXF | Strive 500 ETF | ETF-Other | 0.19% | — | +0.41% | |
| 48 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.18% | -0.01% | +1.14% | |
| 49 | ABBV | Abbvie Inc | Stock-Healthcare | 0.17% | — | -1.45% | |
| 50 | VXF | Vanguard Extended Market ETF | ETF-Other | 0.17% | — | -3.62% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+3.1%
Performance Last 4 Quarters
+18.6%
- Stdev
- +11%
- Beta
- +0.82
- Alpha
- -1.1%
- Max Drawdown
- -6.9%
- Annualized Perf
- +15.7%
- Batting Avg vs S&P
- +33.3%
- Sortino
- +2.73
- Stutzer
- +0.41
- Treynor
- +0.19
- Sterling
- +1.06
- Calmar
- +2.26
- Information Ratio
- -1.26
- Tracking Error
- +3.8%
- Stdev Down
- +5.6%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +27.6%
- Worst 12 Months
- +6.8%
- Efficiency Ratio
- +0.55
- Sharpe
- +1.39
- Stdev Sectors
- +10.9%
- Skewness
- -0.05
- Kurtosis
- -0.47
- Upside Potential
- +4.36
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 220 | $1.4B | 21 | ||
| 2026 Q1 | 207 | $1.2B | 20 | ||
| 2025 Q4 | 196 | $1.2B | 8 | ||
| 2025 Q3 | 192 | $1.2B | 38 | ||
| 2025 Q2 | 188 | $1.1B | 0 | ||
| 2025 Q1 | 183 | $958.0M | 0 | ||
| 2024 Q4 | 180 | $983.0M | 0 | ||
| 2024 Q3 | 176 | $991.2M | 0 | ||
| 2024 Q2 | 174 | $921.2M | 0 | ||
| 2024 Q1 | 175 | $937.6M | 0 | ||
| 2023 Q4 | 173 | $852.1M | 0 | ||
| 2023 Q3 | 163 | $788.9M | 0 | ||
| 2023 Q2 | 154 | $770.5M | — | ||
| 2023 Q1 | 149 | $680.3M | — | ||
| 2022 Q4 | 144 | $636.6M | — | ||
| 2022 Q3 | 135 | $545.0M | — | ||
| 2022 Q2 | 136 | $549.1M | — | ||
| 2022 Q1 | 135 | $618.2M | — | ||
| 2021 Q4 | 146 | $610.0M | — | ||
| 2021 Q3 | 141 | $557.5M | — | ||
| 2021 Q2 | 149 | $588.2M | — | ||
| 2021 Q1 | 143 | $545.4M | — | ||
| 2020 Q4 | 140 | $554.9M | — | ||
| 2020 Q3 | 130 | $493.6M | — | ||
| 2020 Q2 | 129 | $442.3M | — | ||
| 2020 Q1 | 117 | $373.3M | — | ||
| 2019 Q4 | 123 | $419.0M | — | ||
| 2019 Q3 | 115 | $383.7M | — | ||
| 2019 Q2 | 113 | $374.8M | — | ||
| 2019 Q1 | 107 | $354.4M | — |
Holding changes this quarter
Traphagen Investment Advisors LLC's most significant position changes for 2026-06-30: Sold out: Honeywell International Inc (HON); New buy: Ishares S&p 500 Value ETF (IVE); New buy: Global X Robotics & Artifici (BOTZ); New buy: ; New buy: .
Showing top 200 changes by size (of 231 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GFLW | Vs Free Cash Flow Growth ETF | +2.8% | +72.59% | Add |
| 2 | FENI | Fidelity Enhanced Intl ETF | +0.9% | +49.50% | Add |
| 3 | IVV | Ishares Core S&p 500 ETF | +0.6% | +1.28% | Add |
| 4 | ALAI | Alger Ai Enable & Adopt ETF | +0.5% | +29.65% | Add |
| 5 | TLTW | Ishares 20+ Bond Buywrite | +0.4% | +394.35% | Add |
| 6 | AAPL | Apple Inc | +0.4% | +12.54% | Add |
| 7 | NFLX | Netflix Inc | +0.4% | +1651.26% | Add |
| 8 | VFLO | Victoryshares Free Cash Flow | +0.1% | -0.64% | Trim |
| 9 | MU | Micron Technology Inc | +0.1% | +12.00% | Add |
| 10 | VOO | Vanguard S&p 500 ETF | +0.1% | +6.70% | Add |
| 11 | INTC | Intel CORP | +0.1% | -0.54% | Trim |
| 12 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | +4.44% | Add |
| 13 | IGM | Ishares Expanded Tech Sector | +0.1% | -0.78% | Trim |
| 14 | SCHD | Schwab US Dvd Equity ETF | +0.1% | +21.15% | Add |
| 15 | CAT | Caterpillar Inc | +0.1% | -0.13% | Trim |
| 16 | IWF | Ishares Russell 1000 Growth | +0.1% | +636.15% | Add |
| 17 | CSCO | Cisco Systems Inc | +0.1% | -4.09% | Trim |
| 18 | KLAC | Kla CORP | +0.1% | +935.63% | Add |
| 19 | GS | Goldman Sachs Group Inc | 0% | +0.01% | Add |
| 20 | TXXI | Bblx Irm Tax-aware I Dur ETF | 0% | +58.62% | Add |
| 21 | AMD | Advanced Micro Devices | 0% | -5.12% | Trim |
| 22 | BNY | Bank Of New York Mellon CORP | 0% | +235.28% | Add |
| 23 | GOOGL | Alphabet Inc-cl A | 0% | +1.54% | Add |
| 24 | FTEC | Fidelity Msci Info Tech Indx | 0% | +0.03% | Add |
| 25 | CRWD | Crowdstrike Holdings Inc - A | 0% | +4.81% | Add |
| 26 | IVE | Ishares S&p 500 Value ETF | 0% | NEW | New buy |
| 27 | LRCX | Lam Research CORP | 0% | +0.73% | Add |
| 28 | BOTZ | Global X Robotics & Artifici | 0% | NEW | New buy |
| 29 | ✓ | 0% | NEW | New buy | |
| 30 | ✓ | 0% | NEW | New buy | |
| 31 | GOOG | Alphabet Inc-cl C | 0% | -2.58% | Trim |
| 32 | GE | General Electric | 0% | -1.68% | Trim |
| 33 | GEV | GE Vernova Inc | 0% | +0.07% | Add |
| 34 | LLY | Eli Lilly & Co | 0% | +1.90% | Add |
| 35 | TXN | Texas Instruments Inc | 0% | +5.56% | Add |
| 36 | NBIS | Nebius Group N.V. | 0% | -11.23% | Trim |
| 37 | PLD | Prologis Inc | 0% | NEW | New buy |
| 38 | VEA | Vanguard Ftse Developed ETF | 0% | NEW | New buy |
| 39 | SPYM | Ste Str Spdr Pt S&p 500 ETF | 0% | NEW | New buy |
| 40 | D | Dominion Energy Inc | 0% | NEW | New buy |
| 41 | STX | Seagate Technology Holdings plc | 0% | NEW | New buy |
| 42 | IGV | Ishares Expanded Tech-softwa | 0% | NEW | New buy |
| 43 | CB | Chubb Limited | 0% | NEW | New buy |
| 44 | IEMG | Ishares Core Msci Emerging | 0% | NEW | New buy |
| 45 | ASML | ASML Holding N.V. | 0% | NEW | New buy |
| 46 | IJR | Ishares Core S&p Small-cap E | 0% | NEW | New buy |
| 47 | HUT | Hut 8 CORP | 0% | NEW | New buy |
| 48 | IEFA | Ishares Core Msci Eafe ETF | 0% | NEW | New buy |
| 49 | AMZN | Amazon.com Inc | 0% | +2.90% | Add |
| 50 | SCHX | Schwab US Large-cap ETF | 0% | +0.26% | Add |
1–50 of 200
Filing History
FAQ
What is Traphagen Investment Advisors LLC and what type of investor is it?
Traphagen Investment Advisors 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 $1.4B, spread across 220 disclosed positions.
What are Traphagen Investment Advisors LLC's largest equity positions?
Based on the latest 13F filing, Traphagen Investment Advisors LLC's top holdings by market value are:
1. Ishares Core S&p 500 ETF (IVV) — $361.3M (25.8%)
2. Avantis U.s. Equity ETF (AVUS) — $130.1M (9.3%)
3. Victoryshares Free Cash Flow (VFLO) — $99.2M (7.1%)
4. Vs Free Cash Flow Growth ETF (GFLW) — $78.6M (5.6%)
5. Jh Securitized Income ETF (JSI) — $55.3M (4.0%)
What changes did Traphagen Investment Advisors LLC make in its most recent portfolio filing?
In the latest reported quarter, Traphagen Investment Advisors LLC made 194 notable position adjustments: 24 new positions were initiated, 102 existing holdings were added to, 56 positions were partially reduced, and 12 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); New buy: Ishares S&p 500 Value ETF (IVE); New buy: Global X Robotics & Artifici (BOTZ); New buy: ; New buy:
What sectors does Traphagen Investment Advisors LLC focus on?
Traphagen Investment Advisors LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.1%
• Financials: 26.3%
• Communication Services: 9.3%
• Industrials: 6.2%
• Consumer Discretionary: 5.8%
• Health Care: 5.1%
Investment Profile
Traphagen Investment Advisors LLC returned an annualized 15.7% over the trailing 36 months — underperforming the S&P 500 by 1.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.82 (less volatile than the market) and a 33% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 36.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 21 over the past 4 quarters — a shift toward more active trading.
It has added to its GFLW position over the past two quarters (+$75.7M, now $78.6M), while trimming COWG over the same stretch (-$63.7M, still holding $1.5M).
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