Castellan Group

Concentrated strategySector-focusedMomentum follower

Total reported value

$725.7M

Reporting period: 2026-03-31 · Number of holdings: 37

Castellan Group disclosed 37 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $725.7M and a quarterly turnover rate of 21.9%.

Personality snowflake

Concentration: 100
Portfolio Stability: 21.88
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 72
Sizing Uniformity: 61.87

Recent moves

Add CTEF
+1.2%　$12.8M
Add CTIF
+12.2%　$11.2M
Add BOXX
+84.7%　$9.6M
Trim AMZN
-93.3%　-$7.8M
Trim AAPL
-96.2%　-$6.4M
Trim MSFT
-63.8%　-$6.0M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 36 holdings (of 37 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	CTEF	Castellan Targetd Equity ETF	ETF-Other	60.82%	+6.92%	+1.25%
2	CTIF	Castellan Target INC ETF	ETF-Other	22.08%	+3.34%	+12.21%
3	BOXX	Alpha Architect 1-3 Mnth Box	ETF-Other	2.84%	+1.45%	+84.73%
4	CWEN	Clearway Energy Inc-c	Stock-Utilities	0.77%	+0.23%	+9.20%
5	NEE	Nextera Energy INC	Stock-Utilities	0.69%	+0.17%	+4.18%
6	GLTR	Abrdn Precious Metals Basket	ETF-Other	0.69%	-0.29%	-39.76%
7	POR	Portland General Electric Co	Stock-Utilities	0.69%	+0.17%	+9.52%
8	XLE	Ss Energy Select Sector	ETF-Other	0.67%	-0.14%	-44.90%
9	NJR	New Jersey Resources CORP	Stock-Utilities	0.67%	+0.21%	+10.62%
10	CTRE	Caretrust Reit INC	Stock-Real Estate	0.66%	—	+9.01%
11	ATO	Atmos Energy CORP	Stock-Utilities	0.65%	+0.15%	+7.70%
12	FR	First Industrial Realty Tr	Stock-Real Estate	0.63%	—	+7.11%
13	ES	Eversource Energy	Stock-Utilities	0.63%	—	+9.76%
14	DKL	Delek Logistics Partners LP	Stock-Other	0.63%	+0.15%	+7.59%
15	WEC	Wec Energy Group INC	Stock-Utilities	0.62%	+0.15%	+10.78%
16	TRNO	Terreno Realty CORP	Stock-Real Estate	0.62%	+0.13%	+10.18%
17	EGP	Eastgroup Properties INC	Stock-Real Estate	0.61%	+0.12%	+10.08%
18	MPLX	Mplx LP	Stock-Energy	0.61%	+0.13%	+7.85%
19	GTY	Getty Realty CORP	Stock-Other	0.59%	+0.16%	+8.59%
20	HESM	Hess Midstream LP - Class A	Stock-Other	0.53%	+0.14%	+9.90%
21	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	0.44%	-0.57%	-65.38%
22	XOM	Exxon Mobil CORP	Stock-Energy	0.35%	-0.60%	-76.40%
23	OCTP	Pgim S&p 500 Buffer 12 ETF -	ETF-Large Cap & Growth	0.34%	—	—
24	CVX	Chevron CORP	Stock-Energy	0.32%	-0.07%	-44.54%
25	MSFT	Microsoft CORP	Stock-Tech	0.32%	-0.72%	-63.78%
26	RIO	Rio Tinto Plc-spon Adr	Stock-Materials	0.28%	—	—
27	BHP	Bhp Group Ltd-spon Adr	Stock-Materials	0.27%	—	—
28	DDFN	Innov Eq Dd 15 Buf ETF - Nov	ETF-Other	0.21%	—	—
29	✓	Spdr S&p 500 ETF Tr	ETF-Large Cap & Growth	0.21%	+0.17%	-7.63%
30	ORCL	Oracle CORP	Stock-Tech	0.15%	+0.15%	NEW
31	✓		Stock-Other	0.10%	+0.10%	NEW
32	META	Meta Platforms Inc-class A	Stock-Comm Services	0.08%	-0.42%	-83.51%
33	LRN	Stride INC	Stock-Consumer Staples	0.07%	—	-8.52%
34	AMZN	Amazon.com INC	Stock-Consumer Disc	0.07%	-0.97%	-93.30%
35	PGR	Progressive CORP	Stock-Financials	0.05%	—	—
36	AAPL	Apple INC	Stock-Tech	0.03%	-0.81%	-96.20%

Portfolio Performance

Performance for Q3 2026

+9.6%

Performance Last 4 Quarters

+45.6%

Stdev: +17.2%
Beta: +1.1
Alpha: +4.1%
Max Drawdown: -13.4%
Annualized Perf: +25.6%
Batting Avg vs S&P: +58.3%
Sortino: +2.64
Stutzer: +0.41
Treynor: +0.22
Sterling: +1.27
Calmar: +1.91
Information Ratio: +0.63
Tracking Error: +9.5%
Stdev Down: +9.3%
Winning Months %: +72.2%
Losing Months %: +27.8%
Best 12 Months: +59.1%
Worst 12 Months: +0.8%
Efficiency Ratio: +0.58
Sharpe: +1.42
Stdev Sectors: +18.9%
Skewness: -0.38
Kurtosis: -0.92
Upside Potential: +4.36

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	37	$725.7M	22	1CTEF 2CTIF 3BOXX Top holdings2026-03-31 1.CTEF 2.CTIF 3.BOXX 4.CWEN 5.NEE 6.GLTR 7.POR 8.XLE 9.NJR 10.CTRE
2025-12-31	61	$795.2M	23	1CTEF 2CTIF 3GOOG Top holdings2025-12-31 1.CTEF 2.CTIF 3.GOOG 4.BOXX 5.MSFT 6.AMZN 7.SPY 8.GLTR 9.XOM 10.RSP
2025-09-30	40	$690.4M	100	1CTEF 2CTIF 3GLTR Top holdings2025-09-30 1.CTEF 2.CTIF 3.GLTR 4.XLE 5.ES 6.CTRE 7.ATO 8.WEC 9.DKL 10.NJR
2025-06-30	31	$542.8M	0	1CTEF 2CTIF 3XLE Top holdings2025-06-30 1.CTEF 2.CTIF 3.XLE 4.GLTR 5.BOXX 6.CWEN 7.CTRE 8.ES 9.ATO 10.WEC
2025-03-31	65	$357.6M	100	1HALO 2MSFT 3FTNT Top holdings2025-03-31 1.HALO 2.MSFT 3.FTNT 4.IDCC 5.TSCO 6.MCK 7.YOU 8.LNG 9.BKNG 10.BLBD
2024-12-31	61	$230.8M	0	1APP 2MSFT 3TGTX Top holdings2024-12-31 1.APP 2.MSFT 3.TGTX 4.FTNT 5.NCLH 6.BLBD 7.VSXY 8.BKNG 9.CNK 10.FTDR
2024-09-30	59	$237.2M	0	1NRG 2MSFT 3APP Top holdings2024-09-30 1.NRG 2.MSFT 3.APP 4.MOD 5.URI 6.MTH 7.NVDA 8.HALO 9.CAT 10.KBH
2024-06-30	59	$210.1M	0	1MSFT 2FTAI 3MOD Top holdings2024-06-30 1.MSFT 2.FTAI 3.MOD 4.MEDP 5.KLAC 6.NVDA 7.URI 8.NVO 9.THC 10.BKNG
2024-03-31	59	$195.3M	0	1MSFT 2MOD 3FTAI Top holdings2024-03-31 1.MSFT 2.MOD 3.FTAI 4.URI 5.MEDP 6.BLDR 7.DFH 8.NVDA 9.SMCIUSD 10.KLAC
2023-12-31	57	$161.0M	0	1MSFT 2URI 3SMCIUSD Top holdings2023-12-31 1.MSFT 2.URI 3.SMCIUSD 4.MOD 5.BKNG 6.NVO 7.MEDP 8.CAT 9.LECO 10.LW
2023-09-30	60	$142.3M	0	1JBL 2SMCIUSD 3MSFT Top holdings2023-09-30 1.JBL 2.SMCIUSD 3.MSFT 4.ACLS 5.BKNG 6.URI 7.NVO 8.LECO 9.MCK 10.TNET
2023-06-30	62	$156.5M	0	1ACLS 2SMCIUSD 3MSFT Top holdings2023-06-30 1.ACLS 2.SMCIUSD 3.MSFT 4.JBL 5.WCC 6.LECO 7.MCK 8.SPY 9.URI 10.ATKR
2023-03-31	56	$146.4M	0	1ACLS 2MSFT 3WCC Top holdings2023-03-31 1.ACLS 2.MSFT 3.WCC 4.JBL 5.ULTA 6.SPY 7.NVO 8.LECO 9.MCK 10.URI
2022-12-31	55	$143.5M	0	1AAPL 2ACLS 3MSFT Top holdings2022-12-31 1.AAPL 2.ACLS 3.MSFT 4.MCK 5.IT 6.STLD 7.GLTR 8.NVO 9.ULTA 10.SPY
2022-09-30	56	$128.7M	0	1MSFT 2AAPL 3MRK Top holdings2022-09-30 1.MSFT 2.AAPL 3.MRK 4.MCK 5.WCC 6.VET 7.EWBC 8.GLTR 9.STLD 10.ACLS
2022-06-30	60	$144.2M	0	1MSFT 2CG 3AMP Top holdings2022-06-30 1.MSFT 2.CG 3.AMP 4.TGT 5.BX 6.MCK 7.AMAT 8.KLAC 9.NVO 10.TSCO
2022-03-31	60	$144.2M	0	1MSFT 2CG 3AMP Top holdings2022-03-31 1.MSFT 2.CG 3.AMP 4.TGT 5.BX 6.MCK 7.AMAT 8.KLAC 9.NVO 10.TSCO
2021-12-31	72	$144.4M	0	1GLTR 2MSFT 3CPER Top holdings2021-12-31 1.GLTR 2.MSFT 3.CPER 4.CG 5.SPY 6.50540R 7.NVO 8.KLAC 9.SPG 10.AMP
2021-09-30	77	$194.2M	0	1AMZN 2XLE 3NVDA Top holdings2021-09-30 1.AMZN 2.XLE 3.NVDA 4.META 5.GLTR 6.AAPL 7.0VVB 8.SPY 9.CPER 10.CVS
2021-06-30	74	$238.4M	88	1NVDA 2AMZN 3CVS Top holdings2021-06-30 1.NVDA 2.AMZN 3.CVS 4.SPY 5.VTWO 6.XLE 7.PFE 8.META 9.PLTR 10.AAPL
2021-03-31	72	$187.1M	77	1CVS 2NVDA 3SPY Top holdings2021-03-31 1.CVS 2.NVDA 3.SPY 4.AMZN 5.VTWO 6.XLE 7.PFE 8.META 9.PLTR 10.AAPL
2020-12-31	62	$92.6M	0	1VTWO 2SPY 3FXI Top holdings2020-12-31 1.VTWO 2.SPY 3.FXI 4.EEM 5.ALLY 6.EWY 7.GIS 8.PH 9.EWZ 10.BR

Holding changes this quarter

Castellan Group's most significant position changes for 2026-03-31: Sold out: Alphabet Inc-cl C (GOOG); Sold out: Invesco S&p 500 Equal Weight (RSP); Sold out: Mckesson CORP (MCK); Sold out: Nvidia CORP (NVDA); Sold out: Vanguard Small-cap ETF (VB).

Position changes disclosed by Castellan Group for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	CTEF	Castellan Targetd Equity ETF	+6.9%	+1.25%	Add
2	CTIF	Castellan Target INC ETF	+3.3%	+12.21%	Add
3	BOXX	Alpha Architect 1-3 Mnth Box	+1.5%	+84.73%	Add
4	CWEN	Clearway Energy Inc-c	+0.2%	+9.20%	Add
5	NJR	New Jersey Resources CORP	+0.2%	+10.62%	Add
6	✓	Spdr S&p 500 ETF Tr	+0.2%	-7.63%	Trim
7	NEE	Nextera Energy INC	+0.2%	+4.18%	Add
8	POR	Portland General Electric Co	+0.2%	+9.52%	Add
9	GTY	Getty Realty CORP	+0.2%	+8.59%	Add
10	WEC	Wec Energy Group INC	+0.2%	+10.78%	Add
11	DKL	Delek Logistics Partners LP	+0.2%	+7.59%	Add
12	ATO	Atmos Energy CORP	+0.2%	+7.70%	Add
13	HESM	Hess Midstream LP - Class A	+0.1%	+9.90%	Add
14	TRNO	Terreno Realty CORP	+0.1%	+10.18%	Add
15	MPLX	Mplx LP	+0.1%	+7.85%	Add
16	EGP	Eastgroup Properties INC	+0.1%	+10.08%	Add
17	CVX	Chevron CORP	-0.1%	-44.54%	Trim
18	XLE	Ss Energy Select Sector	-0.1%	-44.90%	Trim
19	GLTR	Abrdn Precious Metals Basket	-0.3%	-39.76%	Trim
20	META	Meta Platforms Inc-class A	-0.4%	-83.51%	Trim
21	SPY	Ss Spdr S&p 500 ETF Trust-us	-0.6%	-65.38%	Trim
22	XOM	Exxon Mobil CORP	-0.6%	-76.40%	Trim
23	MSFT	Microsoft CORP	-0.7%	-63.78%	Trim
24	AAPL	Apple INC	-0.8%	-96.20%	Trim
25	AMZN	Amazon.com INC	-1%	-93.30%	Trim
26	GOOG	Alphabet Inc-cl C	—	EXIT	Sold out
27	RSP	Invesco S&p 500 Equal Weight	—	EXIT	Sold out
28	MCK	Mckesson CORP	—	EXIT	Sold out
29	NVDA	Nvidia CORP	—	EXIT	Sold out
30	VB	Vanguard Small-cap ETF	—	EXIT	Sold out
31	USMV	Ishares Msci USA Min Vol Fac	—	EXIT	Sold out
32	AXP	American Express Co	—	EXIT	Sold out
33	V	Visa Inc-class A Shares	—	EXIT	Sold out
34	CAT	Caterpillar INC	—	EXIT	Sold out
35	BRK-B	Berkshire Hathaway Inc-cl B	—	EXIT	Sold out
36	IUSV	Ishares Core S&p U.s. Value	—	EXIT	Sold out
37	PANW	Palo Alto Networks INC	—	EXIT	Sold out
38	TT	Trane Technologies plc	—	EXIT	Sold out
39	WMT	Walmart INC	—	EXIT	Sold out
40	UBER	Uber Technologies INC	—	EXIT	Sold out
41	TMO	Thermo Fisher Scientific INC	—	EXIT	Sold out
42	INDA	Ishares Msci India ETF	—	EXIT	Sold out
43	HD	Home Depot INC	—	EXIT	Sold out
44	HON	Honeywell International INC	—	EXIT	Sold out
45	GOOGL	Alphabet Inc-cl A	—	EXIT	Sold out
46	ORCL	Oracle CORP	—	NEW	New buy
47	✓	Alphabet INC	—	EXIT	Sold out
48	✓		—	NEW	New buy
49	GOOG	Alphabet Inc.	—	EXIT	Sold out
50	PDEC	Innovator U.s. Equity Power	—	EXIT	Sold out

FAQ

What is Castellan Group and what type of investor is it?

Castellan Group is a 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 $725.7M, spread across 37 disclosed positions.

What are Castellan Group's largest equity positions?

Based on the latest 13F filing, Castellan Group's top holdings by market value are: 1. Castellan Targetd Equity ETF (CTEF) — $441.4M (60.8%) 2. Castellan Target INC ETF (CTIF) — $160.3M (22.1%) 3. Alpha Architect 1-3 Mnth Box (BOXX) — $20.6M (2.8%) 4. Clearway Energy Inc-c (CWEN) — $5.6M (0.8%) 5. Nextera Energy INC (NEE) — $5.0M (0.7%)

What changes did Castellan Group make in its most recent portfolio filing?

In the latest reported quarter, Castellan Group made 50 notable position adjustments: 2 new positions were initiated, 15 existing holdings were added to, 10 positions were partially reduced, and 23 were completely exited. The largest of these moves: Sold out: Alphabet Inc-cl C (GOOG); Sold out: Invesco S&p 500 Equal Weight (RSP); Sold out: Mckesson CORP (MCK); Sold out: Nvidia CORP (NVDA); Sold out: Vanguard Small-cap ETF (VB)

What sectors does Castellan Group focus on?

Castellan Group is concentrated in the following sectors based on its current disclosed equity portfolio: • Energy: 48.8% • Information Technology: 36.5% • Communication Services: 5.7% • Consumer Discretionary: 5.0% • Financials: 4.0%