Note Advisors, LLC

Diversified strategyMomentum followerLong-term holder

Total reported value

$200.1M

Reporting period: 2026-03-31 · Number of holdings: 85

Note Advisors, LLC disclosed 85 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $200.1M and a quarterly turnover rate of 8.8%.

Personality snowflake

Concentration: 29.21
Portfolio Stability: 8.75
Momentum/Contrarian: 100
Sector conviction: 63.04
Diversification: 100
Sizing Uniformity: 77.05

Recent moves

Trim PFFD
-85.2%　-$2.4M
Trim COR
-99.0%　-$1.4M
Add DFCF
+7.9%　$1.3M
Trim VONE
-1.6%　-$468.3K
Trim DFAC
+1.5%　-$271.3K
Add COMT
-4.2%　$467.8K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	DFAU	Dimensional US Core Equity M	ETF-Other	21.13%	+0.20%	+8.84%
2	DFCF	Dimensional Core Fixed INC	ETF-Other	10.06%	+0.42%	+7.93%
3	DFAI	Dimensional International Co	ETF-Other	7.97%	+0.12%	+5.54%
4	DFAC	Dimensional US Core Equity 2	ETF-Other	4.86%	-0.27%	+1.54%
5	BND	Vanguard Total Bond Market	ETF-Other	4.30%	+0.10%	+5.77%
6	VONE	Vanguard Russell 1000	ETF-Other	3.26%	-0.32%	-1.63%
7	DFAE	Dimensional Emerging Core Eq	ETF-Emerging Markets	3.14%	-0.01%	+4.18%
8	VNQ	Vanguard Real Estate ETF	ETF-Other	2.71%	—	+3.10%
9	NYF	Ishares New York Muni Bond E	ETF-Other	2.56%	-0.05%	+1.84%
10	VYMI	Vanguard Int High Dvd Yld In	ETF-Other	2.46%	+0.01%	+1.53%
11	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	ETF-Corp Bonds	1.91%	+0.01%	+4.59%
12	FPE	Ft-preferred Secur & INC ETF	ETF-Other	1.90%	+1.90%	NEW
13	BNDX	Vanguard Total Intl Bond ETF	ETF-Other	1.78%	-0.02%	+1.87%
14	DFGX	Dimsnl Intr Cf In Etf-usd In	ETF-Other	1.61%	+0.03%	+5.12%
15	SPIP	Ss Spdr P Tips ETF	ETF-Other	1.49%	+0.04%	+5.96%
16	VEA	Vanguard Ftse Developed ETF	ETF-Other	1.44%	-0.06%	-0.02%
17	DFNM	Dimensional National Muni Bd	ETF-Other	1.38%	+0.08%	+9.90%
18	QYLD	Global X Nasd 100 Cov Call	ETF-Other	1.28%	-0.01%	+4.47%
19	COMT	Ishares Gsci Commodity Dynam	ETF-Commodities	1.25%	+0.21%	-4.18%
20	SCHD	Schwab US Dvd Equity ETF	ETF-Other	1.14%	+0.05%	+1.95%
21	DFAR	Dimensional US Real Est ETF	ETF-Other	1.13%	+0.02%	+4.26%
22	JEPI	Jpmorgan Equity Premium Inco	ETF-Other	1.11%	-0.01%	+4.77%
23	DCOR	Dimensional US Core Eq 1 ETF	ETF-Other	1.09%	+0.07%	+14.71%
24	VIG	Vanguard Dividend Apprec ETF	ETF-Other	1.01%	—	+4.95%
25	GOOG	Alphabet Inc-cl C	Stock-Comm Services	0.91%	-0.16%	+0.27%
26	VTEB	Vanguard Tax-exempt Bond ETF	ETF-Other	0.89%	-0.05%	-1.21%
27	PZT	Invesco New York Amt-free Mu	ETF-Other	0.81%	+0.03%	+6.53%
28	EMTL	Ss Doubleline Em Fi ETF	ETF-Other	0.70%	+0.02%	+7.25%
29	TIP	Ishares Tips Bond ETF	ETF-Other	0.63%	—	-1.08%
30	MCD	Mcdonald's CORP	Stock-Consumer Disc	0.63%	—	—
31	IXUS	Ishares Core Intl Stock ETF	ETF-Other	0.60%	—	—
32	DFIC	Dimensional International Co	ETF-Other	0.57%	—	-0.38%
33	IWB	Ishares Russell 1000 ETF	ETF-Other	0.56%	-0.05%	—
34	SPHY	Ss Spdr P High Yield ETF	ETF-High Yield	0.56%	+0.02%	+7.92%
35	MUB	Ishares National Muni Bond E	ETF-Other	0.52%	—	+1.24%
36	GIGB	Goldman Sachs Inv Grd CORP	ETF-Commodities	0.52%	+0.10%	+28.69%
37	IAGG	Ishares Intl Aggregate Bond	ETF-Other	0.50%	+0.02%	+6.39%
38	AAPL	Apple INC	Stock-Tech	0.49%	—	—
39	XHLF	Bondbloxx Bbg 6 Mth US Treas	ETF-Other	0.47%	—	-0.44%
40	MSFT	Microsoft CORP	Stock-Tech	0.46%	-0.11%	-1.28%
41	NBTB	N B T Bancorp INC	Stock-Other	0.38%	-0.07%	-8.48%
42	VTC	Vanguard Total Corporate Bnd	ETF-Corp Bonds	0.36%	—	—
43	VWOB	Vanguard Emerg Mkts Gov Bnd	ETF-Other	0.35%	—	+2.27%
44	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	0.29%	—	+7.53%
45	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	0.28%	+0.01%	+14.84%
46	UAL	United Airlines Holdings INC	Stock-Industrials	0.27%	-0.06%	—
47	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	0.25%	-0.04%	—
48	AVGO	Broadcom INC	Stock-Tech	0.23%	-0.02%	—
49	XYLD	Global X S&p 500 Cove Call E	ETF-Large Cap & Growth	0.23%	—	+2.25%
50	VXUS	Vanguard Total Intl Stock	ETF-Other	0.22%	—	—

1–50 of 85

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	85	$200.1M	9	1DFAU 2DFCF 3DFAI Top holdings2026-03-31 1.DFAU 2.DFCF 3.DFAI 4.DFAC 5.BND 6.VONE 7.DFAE 8.VNQ 9.NYF 10.VYMI
2025-12-31	83	$194.9M	19	1DFAU 2DFCF 3DFAI Top holdings2025-12-31 1.DFAU 2.DFCF 3.DFAI 4.DFAC 5.BND 6.VONE 7.DFAE 8.VNQ 9.NYF 10.VYMI
2025-09-30	83	$168.2M	34	1DFAU 2DFCF 3DFAI Top holdings2025-09-30 1.DFAU 2.DFCF 3.DFAI 4.BND 5.VONE 6.DFAC 7.DFAE 8.VNQ 9.BNDX 10.NYF
2025-06-30	74	$144.6M	0	1DFAU 2DFAI 3DFCF Top holdings2025-06-30 1.DFAU 2.DFAI 3.DFCF 4.BND 5.VONE 6.DFAE 7.VNQ 8.DFAC 9.BNDX 10.VYMI
2025-03-31	74	$121.1M	0	1DFAU 2DFAI 3DFCF Top holdings2025-03-31 1.DFAU 2.DFAI 3.DFCF 4.BND 5.VONE 6.VNQ 7.BNDX 8.DFAC 9.DFAE 10.VYMI
2024-12-31	75	$112.9M	0	1DFAU 2DFAI 3BND Top holdings2024-12-31 1.DFAU 2.DFAI 3.BND 4.VONE 5.DFCF 6.VNQ 7.DFAC 8.BNDX 9.NYF 10.LQD

Holding changes this quarter

Note Advisors, LLC's most significant position changes for 2026-03-31: New buy: Ft-preferred Secur & INC ETF (FPE); New buy: Abrdn Bloomberg All Commodit (BCD); New buy: Nvidia CORP (NVDA); New buy: Vaneck Fallen Angel High Yld (ANGL); Sold out: Ste Str Spdr Pt S&p 500 ETF (SPYM).

Position changes disclosed by Note Advisors, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	DFCF	Dimensional Core Fixed INC	+0.4%	+7.93%	Add
2	COMT	Ishares Gsci Commodity Dynam	+0.2%	-4.18%	Trim
3	DFAU	Dimensional US Core Equity M	+0.2%	+8.84%	Add
4	DFAI	Dimensional International Co	+0.1%	+5.54%	Add
5	BND	Vanguard Total Bond Market	+0.1%	+5.77%	Add
6	GIGB	Goldman Sachs Inv Grd CORP	+0.1%	+28.69%	Add
7	DFNM	Dimensional National Muni Bd	+0.1%	+9.90%	Add
8	DCOR	Dimensional US Core Eq 1 ETF	+0.1%	+14.71%	Add
9	SCHD	Schwab US Dvd Equity ETF	+0.1%	+1.95%	Add
10	SPIP	Ss Spdr P Tips ETF	0%	+5.96%	Add
11	DFGX	Dimsnl Intr Cf In Etf-usd In	0%	+5.12%	Add
12	PZT	Invesco New York Amt-free Mu	0%	+6.53%	Add
13	XOM	Exxon Mobil CORP	0%	-0.58%	Trim
14	DFAR	Dimensional US Real Est ETF	0%	+4.26%	Add
15	EMTL	Ss Doubleline Em Fi ETF	0%	+7.25%	Add
16	SPHY	Ss Spdr P High Yield ETF	0%	+7.92%	Add
17	IAGG	Ishares Intl Aggregate Bond	0%	+6.39%	Add
18	SCHZ	Schwab US Aggregate Bond ETF	0%	+16.25%	Add
19	META	Meta Platforms Inc-class A	0%	+21.78%	Add
20	VYMI	Vanguard Int High Dvd Yld In	0%	+1.53%	Add
21	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	0%	+4.59%	Add
22	VTI	Vanguard Total Stock Mkt ETF	0%	+14.84%	Add
23	DFAE	Dimensional Emerging Core Eq	0%	+4.18%	Add
24	JEPI	Jpmorgan Equity Premium Inco	0%	+4.77%	Add
25	QYLD	Global X Nasd 100 Cov Call	0%	+4.47%	Add
26	BNDX	Vanguard Total Intl Bond ETF	0%	+1.87%	Add
27	TSLA	Tesla INC	0%	—	Unchanged
28	HD	Home Depot INC	0%	+5.95%	Add
29	AVGO	Broadcom INC	0%	—	Unchanged
30	QQQ	Invesco Qqq Trust Series 1	0%	—	Unchanged
31	GLTR	Abrdn Precious Metals Basket	0%	—	Unchanged
32	GOOGL	Alphabet Inc-cl A	0%	—	Unchanged
33	HDV	Ishares Core High Dividend E	0%	-25.11%	Trim
34	IWB	Ishares Russell 1000 ETF	-0.1%	—	Unchanged
35	VTEB	Vanguard Tax-exempt Bond ETF	-0.1%	-1.21%	Trim
36	NYF	Ishares New York Muni Bond E	-0.1%	+1.84%	Add
37	UAL	United Airlines Holdings INC	-0.1%	—	Unchanged
38	VEA	Vanguard Ftse Developed ETF	-0.1%	-0.02%	Trim
39	NBTB	N B T Bancorp INC	-0.1%	-8.48%	Trim
40	MSFT	Microsoft CORP	-0.1%	-1.28%	Trim
41	GOOG	Alphabet Inc-cl C	-0.2%	+0.27%	Add
42	DFAC	Dimensional US Core Equity 2	-0.3%	+1.54%	Add
43	VONE	Vanguard Russell 1000	-0.3%	-1.63%	Trim
44	COR	Cencora INC	-0.7%	-99.00%	Trim
45	PFFD	Global X US Preferred ETF	-1.3%	-85.25%	Trim
46	FPE	Ft-preferred Secur & INC ETF	—	NEW	New buy
47	BCD	Abrdn Bloomberg All Commodit	—	NEW	New buy
48	NVDA	Nvidia CORP	—	NEW	New buy
49	ANGL	Vaneck Fallen Angel High Yld	—	NEW	New buy
50	SPYM	Ste Str Spdr Pt S&p 500 ETF	—	EXIT	Sold out

FAQ

What is Note Advisors, LLC and what type of investor is it?

Note Advisors, LLC 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 $200.1M, spread across 85 disclosed positions.

What are Note Advisors, LLC's largest equity positions?

Based on the latest 13F filing, Note Advisors, LLC's top holdings by market value are: 1. Dimensional US Core Equity M (DFAU) — $42.3M (21.1%) 2. Dimensional Core Fixed INC (DFCF) — $20.1M (10.1%) 3. Dimensional International Co (DFAI) — $16.0M (8.0%) 4. Dimensional US Core Equity 2 (DFAC) — $9.7M (4.9%) 5. Vanguard Total Bond Market (BND) — $8.6M (4.3%)

What changes did Note Advisors, LLC make in its most recent portfolio filing?

In the latest reported quarter, Note Advisors, LLC made 43 notable position adjustments: 4 new positions were initiated, 28 existing holdings were added to, 10 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Ft-preferred Secur & INC ETF (FPE); New buy: Abrdn Bloomberg All Commodit (BCD); New buy: Nvidia CORP (NVDA); New buy: Vaneck Fallen Angel High Yld (ANGL); Sold out: Ste Str Spdr Pt S&p 500 ETF (SPYM)

What sectors does Note Advisors, LLC focus on?

Note Advisors, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 28.7% • Communication Services: 25.5% • Consumer Discretionary: 21.2% • Financials: 11.5% • Industrials: 5.3% • Energy: 3.1%