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TRB Advisors LP: 13F Stock Holdings & Portfolio (Q2 2026)
TRB Advisors LPCIK: 0001513300
High-turnover traderConcentrated strategySector-focused
Total reported value
$232.9M
Reporting period: 2026-06-30 · Number of holdings: 6
TRB Advisors LP disclosed 6 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $232.9M and a quarterly turnover rate of 153.9%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 12
- Sizing Uniformity
- 90.25
TRB Advisors LP's disclosed holdings carry a Herfindahl concentration index of 0.299 — mathematically equivalent to about 3 equally-sized positions, well below its 6 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.98), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 17.3 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Sector classification currently covers about 13% 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.govNew buy VOO
Sold out MSFT
Trim AAPL
-92.6% -$40.7M
New buy SMH
Sold out V
New buy 84645Q103
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 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 44.24% | +44.24% | NEW | |
| 2 | SMH | Vaneck Semiconductor ETF | ETF-Other | 28.17% | +28.17% | NEW | |
| 3 | KKR | Kkr & Co Inc | Stock-Financials | 11.28% | -6.87% | — | |
| 4 | ✓ | Stock-Other | 7.36% | +7.36% | NEW | ||
| 5 | TOGA | Tremblant Global ETF | ETF-Other | 7.34% | -1.99% | +10.00% | |
| 6 | AAPL | Apple Inc | Stock-Tech | 1.62% | -28.83% | -92.57% |
Portfolio Performance
Performance for Q3 2026
+9.8%
Performance Last 4 Quarters
+17%
- Stdev
- +16.1%
- Beta
- +0.98
- Alpha
- -2.5%
- Max Drawdown
- -10.1%
- Annualized Perf
- +17.2%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +2.1
- Stutzer
- +0.32
- Treynor
- +0.18
- Sterling
- +0.97
- Calmar
- +1.7
- Information Ratio
- -0.28
- Tracking Error
- +9.8%
- Stdev Down
- +8.2%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +28.9%
- Worst 12 Months
- +3.1%
- Efficiency Ratio
- +0.46
- Sharpe
- +1.07
- Stdev Sectors
- +37.5%
- Skewness
- +0.19
- Kurtosis
- -0.24
- Upside Potential
- +3.74
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 6 | $232.9M | 100 | ||
| 2026 Q1 | 5 | $145.9M | 100 | ||
| 2025 Q4 | 11 | $427.0M | 36 | ||
| 2025 Q3 | 11 | $496.3M | 77 | ||
| 2025 Q2 | 11 | $417.3M | 0 | ||
| 2025 Q1 | 6 | $211.0M | 100 | ||
| 2024 Q4 | 8 | $600.9M | 0 | ||
| 2024 Q3 | 5 | $543.3M | 0 | ||
| 2024 Q2 | 6 | $536.3M | 0 | ||
| 2024 Q1 | 10 | $462.9M | 0 | ||
| 2023 Q4 | 6 | $378.4M | 0 | ||
| 2023 Q3 | 4 | $149.9M | 0 | ||
| 2023 Q2 | 5 | $440.5M | 0 | ||
| 2023 Q1 | 9 | $214.4M | 0 | ||
| 2022 Q4 | 4 | $101.8M | 0 | ||
| 2022 Q3 | 4 | $101.7M | 0 | ||
| 2022 Q2 | 5 | $159.5M | 0 | ||
| 2022 Q1 | 6 | $182.5M | 0 | ||
| 2021 Q4 | 8 | $310.9M | 0 | ||
| 2021 Q3 | 8 | $276.4M | 0 | ||
| 2021 Q2 | 13 | $441.2M | 100 | ||
| 2021 Q1 | 12 | $260.2M | 63 | ||
| 2020 Q4 | 12 | $223.1M | 69 | ||
| 2020 Q3 | 12 | $253.3M | 70 | ||
| 2020 Q2 | 8 | $202.6M | 100 | ||
| 2020 Q1 | 11 | $139.0M | 52 | ||
| 2019 Q4 | 12 | $236.0M | 65 | ||
| 2019 Q3 | 11 | $120.3M | 23 | ||
| 2019 Q2 | 11 | $123.1M | 97 | ||
| 2019 Q1 | 20 | $334.1M | 100 | ||
| 2018 Q4 | 9 | $63.4M | 100 | ||
| 2018 Q3 | 11 | $338.7M | 70 | ||
| 2018 Q2 | 9 | $214.3M | 100 | ||
| 2018 Q1 | 10 | $48.0M | 100 | ||
| 2017 Q4 | 17 | $140.6M | 77 | ||
| 2017 Q3 | 9 | $135.1M | 63 | ||
| 2017 Q2 | 11 | $142.5M | 77 | ||
| 2017 Q1 | 9 | $65.7M | 100 | ||
| 2016 Q4 | 7 | $65.2M | 100 | ||
| 2016 Q3 | 7 | $15.0M | 43 | ||
| 2016 Q2 | 5 | $9.7M | 42 | ||
| 2016 Q1 | 4 | $6.7M | 100 | ||
| 2015 Q4 | 5 | $23.9M | 21 | ||
| 2015 Q3 | 5 | $26.6M | 100 | ||
| 2015 Q2 | 1 | — | 100 | ||
| 2015 Q1 | 1 | $152.7M | 46 | ||
| 2014 Q4 | 1 | $244.2M | 14 | ||
| 2014 Q3 | 2 | $221.3M | 21 | ||
| 2014 Q2 | 3 | $225.2M | 6 | ||
| 2014 Q1 | 2 | $212.1M | 68 | 1UNP202927E | |
| 2013 Q4 | 5 | $316.9M | 38 | ||
| 2013 Q3 | 6 | $229.5M | 100 | ||
| 2013 Q2 | 1 | $2.7M | — |
Holding changes this quarter
TRB Advisors LP's most significant position changes for 2026-06-30: New buy: Vanguard S&p 500 ETF (VOO); New buy: Vaneck Semiconductor ETF (SMH); Sold out: Microsoft CORP (MSFT); New buy: ; Sold out: Visa Inc-class A Shares (V).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | +44.2% | NEW | New buy |
| 2 | SMH | Vaneck Semiconductor ETF | +28.2% | NEW | New buy |
| 3 | ✓ | +7.4% | NEW | New buy | |
| 4 | TOGA | Tremblant Global ETF | -2% | +10.00% | Add |
| 5 | KKR | Kkr & Co Inc | -6.9% | — | Unchanged |
| 6 | V | Visa Inc-class A Shares | -10.4% | EXIT | Sold out |
| 7 | AAPL | Apple Inc | -28.8% | -92.57% | Trim |
| 8 | MSFT | Microsoft CORP | -31.7% | EXIT | Sold out |
Filing History
FAQ
What is TRB Advisors LP and what type of investor is it?
TRB Advisors LP 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 $232.9M, spread across 6 disclosed positions.
What are TRB Advisors LP's largest equity positions?
Based on the latest 13F filing, TRB Advisors LP's top holdings by market value are:
1. Vanguard S&p 500 ETF (VOO) — $103.0M (44.2%)
2. Vaneck Semiconductor ETF (SMH) — $65.6M (28.2%)
3. Kkr & Co Inc (KKR) — $26.3M (11.3%)
4. — $17.1M (7.4%)
5. Tremblant Global ETF (TOGA) — $17.1M (7.3%)
What changes did TRB Advisors LP make in its most recent portfolio filing?
In the latest reported quarter, TRB Advisors LP made 7 notable position adjustments: 3 new positions were initiated, 1 existing holdings were added to, 1 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Vanguard S&p 500 ETF (VOO); New buy: Vaneck Semiconductor ETF (SMH); Sold out: Microsoft CORP (MSFT); New buy: ; Sold out: Visa Inc-class A Shares (V)
What sectors does TRB Advisors LP focus on?
TRB Advisors LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 87.5%
• Information Technology: 12.5%
Investment Profile
TRB Advisors LP returned an annualized 17.2% over the trailing 36 months — underperforming the S&P 500 by 2.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.98 (roughly in line with the market) and a 36% quarterly batting average against the index.
Its portfolio is concentrated and fast-trading, with 87.5% of the portfolio concentrated in Financials.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
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Developer Access
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REST API
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