L-
LFA - Lugano Financial Advisors SA Holdings Report (13F Filings)
LFA - Lugano Financial Advisors SACIK: 0001737871
Diversified strategyMomentum followerLong-term holder
Total reported value
$196.6M
Reporting period: 2026-03-31 · Number of holdings: 223
LFA - Lugano Financial Advisors SA disclosed 223 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $196.6M and a quarterly turnover rate of 14.9%.
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Personality snowflake
- Concentration
- 20.7
- Portfolio Stability
- 14.88
- Momentum/Contrarian
- 100
- Sector conviction
- 54.19
- Diversification
- 100
- Sizing Uniformity
- 67.46
LFA - Lugano Financial Advisors SA's disclosed holdings carry a Herfindahl concentration index of 0.052 — mathematically equivalent to about 19 equally-sized positions, well below its 223 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 3.25), 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 8% 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
Add FNDE
+57.0% $5.1M
Trim SDVY
-98.6% -$4.0M
Add FEZ
+82.3% $1.9M
Trim SGOV
-51.2% -$1.8M
Add VSGX
+86.9% $1.5M
Trim VGT
0.0% -$899.9K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 223 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 14.08% | +0.37% | +9.32% | |
| 2 | ESGD | Ishares Trust Ishares Esg Aw | ETF-Other | 11.16% | -0.11% | — | |
| 3 | GLD | Spdr Gold Shares | ETF-Commodities | 6.87% | +0.45% | +0.00% | |
| 4 | FNDE | Schwab Fndmntl Em Mrk Eq ETF | ETF-Other | 6.51% | +2.54% | +56.95% | |
| 5 | SUSB | Ishares Esg Aware 1-5 Year U | ETF-Other | 5.78% | -0.18% | — | |
| 6 | IGIB | Ishares 5-10y Inv Grade CORP | ETF-Corp Bonds | 2.64% | +0.10% | +7.72% | |
| 7 | VWOB | Vanguard Emerg Mkts Gov Bnd | ETF-Other | 2.51% | -0.17% | -1.27% | |
| 8 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 2.30% | +0.24% | +14.80% | |
| 9 | FEZ | State Street Spdr Euro Stoxx | ETF-Other | 2.27% | +0.96% | +82.32% | |
| 10 | IBND | State Street Spdr Bloomberg | ETF-Other | 1.98% | -0.10% | +0.22% | |
| 11 | SJNK | Ss Spdr Bb St Hi Yield ETF | ETF-Other | 1.92% | +0.30% | +23.80% | |
| 12 | FTLS | First Trust Long/short Eqty | ETF-Other | 1.86% | -0.31% | -12.18% | |
| 13 | IBDU | Ishares Ibonds Dec 2029 Term | ETF-Other | 1.78% | — | +0.09% | |
| 14 | TLH | Ishares 10-20 Year Treasury | ETF-Gov Bonds | 1.73% | — | +0.10% | |
| 15 | QAI | Nyli Hdg Multi-str Trk ETF | ETF-Other | 1.70% | — | -1.17% | |
| 16 | VGIT | Vanguard Intermediate-term T | ETF-Other | 1.67% | — | +2.44% | |
| 17 | VSGX | Vanguard Esg Intl Stock ETF | ETF-Other | 1.61% | +0.73% | +86.89% | |
| 18 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 1.60% | +0.17% | +5.91% | |
| 19 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 1.39% | — | — | |
| 20 | CIBR | First Trust Nasdaq Cybersecu | ETF-Tech | 1.30% | -0.06% | +10.16% | |
| 21 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.26% | -0.21% | -7.22% | |
| 22 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.23% | -0.14% | +0.98% | |
| 23 | MSFT | Microsoft CORP | Stock-Tech | 1.22% | -0.37% | +1.80% | |
| 24 | IBDT | Ishares Ibonds Dec 2028 ETF | ETF-Other | 1.21% | — | +1.12% | |
| 25 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 1.05% | — | +2.44% | |
| 26 | IBDV | Ishares Ibonds Dec 2030 CORP | ETF-Other | 1.04% | +0.04% | +7.67% | |
| 27 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.97% | — | — | |
| 28 | EWL | Ishares Msci Switzerland ETF | ETF-Other | 0.94% | +0.04% | +8.13% | |
| 29 | QLTA | Ishares Aaa - A Rated Corpor | ETF-Other | 0.92% | — | -0.24% | |
| 30 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 0.87% | -0.95% | -51.16% | |
| 31 | CWB | Ss Spdr Bb Conv Sec ETF | ETF-Other | 0.68% | — | — | |
| 32 | EMB | Ishares Jp Morgan Usd Emergi | ETF-Other | 0.67% | +0.03% | +9.04% | |
| 33 | RNRG | Global X Renewable Ener Prod | ETF-Other | 0.59% | +0.05% | — | |
| 34 | ESGE | Ishares INC Ishares Esg Awar | ETF-Other | 0.53% | +0.33% | +158.96% | |
| 35 | AAPL | Apple INC | Stock-Tech | 0.50% | -0.14% | -15.41% | |
| 36 | PSP | Invesco Global Listed Privat | ETF-Other | 0.46% | -0.09% | +1.50% | |
| 37 | CAT | Caterpillar INC | Stock-Industrials | 0.45% | +0.08% | — | |
| 38 | PDBC | Invesco Optimum Yield Divers | ETF-Other | 0.42% | +0.11% | +4.40% | |
| 39 | SCHF | Schwab Intl Equity ETF | ETF-Other | 0.39% | — | — | |
| 40 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.38% | -0.18% | -24.66% | |
| 41 | EWU | Ishares Msci United Kingdom | ETF-Other | 0.37% | — | +1.15% | |
| 42 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.36% | — | +2.86% | |
| 43 | VHT | Vanguard Health Care ETF | ETF-Other | 0.35% | — | — | |
| 44 | NVDA | Nvidia CORP | Stock-Tech | 0.30% | — | — | |
| 45 | XLI | Ss Industrial Select Sector | ETF-Other | 0.29% | — | — | |
| 46 | FPEI | First Trust Institutional Pr | ETF-Other | 0.27% | +0.03% | +18.33% | |
| 47 | PIO | Invesco Global Water ETF | ETF-Other | 0.25% | — | — | |
| 48 | VCLT | Vanguard Long-term CORP Bond | ETF-Corp Bonds | 0.25% | — | -5.18% | |
| 49 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.24% | — | — | |
| 50 | HEWJ | Isha Curr Hedged Msci Japan | ETF-Other | 0.20% | — | — |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+0.7%
Performance Last 4 Quarters
+13.6%
- Stdev
- +8%
- Beta
- +0.57
- Alpha
- +1.7%
- Max Drawdown
- -4.8%
- Annualized Perf
- +12.6%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.95
- Stutzer
- +0.44
- Treynor
- +0.21
- Sterling
- +0.91
- Calmar
- +2.65
- Information Ratio
- -0.99
- Tracking Error
- +6.2%
- Stdev Down
- +4.2%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +22.7%
- Worst 12 Months
- +8%
- Efficiency Ratio
- +0.56
- Sharpe
- +1.53
- Stdev Sectors
- +9%
- Skewness
- -0.32
- Kurtosis
- -0.04
- Upside Potential
- +4.52
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 223 | $196.6M | 15 | |
| 2025-12-31 | 235 | $193.7M | 7 | |
| 2025-09-30 | 229 | $189.7M | 51 | |
| 2025-06-30 | 245 | $168.8M | 0 | |
| 2025-03-31 | 191 | $147.1M | 100 | |
| 2024-12-31 | 193 | $153.0M | 0 | |
| 2024-09-30 | 183 | $147.1M | 0 | |
| 2024-06-30 | 172 | $131.3M | 0 | |
| 2024-03-31 | 160 | $137.4M | 0 | |
| 2023-12-31 | 170 | $127.3M | 0 | |
| 2023-09-30 | 179 | $116.8M | 0 | |
| 2023-06-30 | 169 | $150.3M | 0 | |
| 2023-03-31 | 111 | $132.2M | 0 | |
| 2022-12-31 | 117 | $134.9M | 0 | |
| 2022-09-30 | 115 | $127.4M | 0 | |
| 2022-06-30 | 132 | $143.1M | 0 | |
| 2022-03-31 | 109 | $149.5M | 0 | |
| 2021-12-31 | 119 | $173.2M | 0 | |
| 2021-09-30 | 105 | $152.3M | 0 | |
| 2021-06-30 | 98 | $158.9M | 100 | |
| 2021-03-31 | 94 | $142.9M | 31 | |
| 2020-12-31 | 103 | $129.0M | 29 | |
| 2020-09-30 | 110 | $107.7M | 21 | |
| 2020-06-30 | 112 | $94.7M | 58 | |
| 2020-03-31 | 123 | $111.2M | 30 | |
| 2019-12-31 | 135 | $136.9M | 35 | |
| 2019-06-30 | 158 | $161.3M | 15 | |
| 2019-03-31 | 137 | $166.9M | 100 | |
| 2018-12-31 | 159 | $143.9M | 0 | |
| 2018-09-30 | 159 | $143.9M | 64 | |
| 2018-06-30 | 132 | $104.2M | — |
Holding changes this quarter
LFA - Lugano Financial Advisors SA's most significant position changes for 2026-03-31: Sold out: Vanguard High Dvd Yield ETF (VYM); Sold out: Astrazeneca Plc-spons Adr (AZNN); Sold out: Vanguard Short-term Bond ETF (BSV); Sold out: First Trust Senior Loan ETF (FTSL); Sold out: Mondelez International Inc-a (MDLZ).
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-05 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-29 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-05 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-07 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-28 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-10 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-07 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-30 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-03 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-22 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-23 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-07 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-09 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-08 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-08 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-29 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-09 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-20 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-26 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-27 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-27 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-25 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-23 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-10 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-08 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-10 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-02 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-02 | Amendment | View on EDGAR |
| 2019-03-31 | 2019-04-30 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-07 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-11 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-09-04 | Amendment | View on EDGAR |
| 2018-06-30 | 2018-08-30 | 13F-HR | View on EDGAR |
FAQ
What is LFA - Lugano Financial Advisors SA and what type of investor is it?
LFA - Lugano Financial Advisors SA 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 $196.6M, spread across 223 disclosed positions.
What are LFA - Lugano Financial Advisors SA's largest equity positions?
Based on the latest 13F filing, LFA - Lugano Financial Advisors SA's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $27.7M (14.1%)
2. Ishares Trust Ishares Esg Aw (ESGD) — $21.9M (11.2%)
3. Spdr Gold Shares (GLD) — $13.5M (6.9%)
4. Schwab Fndmntl Em Mrk Eq ETF (FNDE) — $12.8M (6.5%)
5. Ishares Esg Aware 1-5 Year U (SUSB) — $11.4M (5.8%)
What changes did LFA - Lugano Financial Advisors SA make in its most recent portfolio filing?
In the latest reported quarter, LFA - Lugano Financial Advisors SA made 42 notable position adjustments: 1 new positions were initiated, 28 existing holdings were added to, 7 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Vanguard High Dvd Yield ETF (VYM); Sold out: Astrazeneca Plc-spons Adr (AZNN); Sold out: Vanguard Short-term Bond ETF (BSV); Sold out: First Trust Senior Loan ETF (FTSL); Sold out: Mondelez International Inc-a (MDLZ)
What sectors does LFA - Lugano Financial Advisors SA focus on?
LFA - Lugano Financial Advisors SA is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 30.7%
• Consumer Discretionary: 19.2%
• Financials: 14.1%
• Communication Services: 11.9%
• Industrials: 8.5%
• Health Care: 7.4%
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