Balefire, LLC
Long book
$530.7M
Q1 2026
Positions
439
Top-10 weight
19%
concentration
Last quarter
+9.7%
SPY +14.8%
Turnover
29%
of book per quarter
Strategy in plain words
auto-generated from filingsBalefire, LLC is a wealth-management firm allocating client money, running a $530.7M US long book across 439 positions.
The portfolio is broadly diversified across 439 positions (top 10 only 19%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, SS SPDR S&P 500 ETF TRUST-US, SS SPDR BB 1-3M T-BILL ETF, SS SPDR P S&P 1500 COMP ETF, VANGUARD S&P 500 ETF.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.7%
Q2 2024
+7.1%
Q3 2024
-0.7%
Q4 2024
+1.2%
Q1 2025
+6.4%
Q2 2025
+5.8%
Q3 2025
+2.6%
Q4 2025
-0.4%
Q1 2026
+9.7%
Sector allocation
Technology 27%
Industrials 16%
Financials 13%
Healthcare 10%
Consumer discretionary 6%
Utilities 6%
Energy 5%
Other 4%
Long book by quarter
What does Balefire, LLC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 67.7K | $11.8M | 2.2% | +3.4% |
| DE DEERE & CO | Industrials | 13.3K | $7.5M | 1.4% | 0.0% |
| MSFT MICROSOFT CORP | Technology | 20.0K | $7.4M | 1.4% | +12.5% |
| AAPL APPLE INC | Technology | 25.8K | $6.6M | 1.2% | -0.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 12.8K | $6.1M | 1.2% | +11.1% |
| GOOG ALPHABET INC-CL C | Technology | 18.0K | $5.2M | 1.0% | -1.9% |
| LNG CHENIERE ENERGY INC | Utilities | 15.0K | $4.3M | 0.8% | -2.5% |
| TSLA TESLA INC | Industrials | 10.1K | $3.7M | 0.7% | +1.0% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 7.4K | $3.6M | 0.7% | -3.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 17.3K | $3.6M | 0.7% | -3.1% |
| AVGO BROADCOM INC | Technology | 11.6K | $3.6M | 0.7% | +4.2% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 21.5K | $3.6M | 0.7% | -22.8% |
| HBAN HUNTINGTON BANCSHARES INC | Financials | 223.1K | $3.5M | 0.7% | New |
| JPM JPMORGAN CHASE & CO | Financials | 11.8K | $3.5M | 0.7% | +18.6% |
| MDT MEDTRONIC PLC | Healthcare | 38.4K | $3.3M | 0.6% | +62.5% |
| GOOGL ALPHABET INC-CL A | Technology | 11.3K | $3.3M | 0.6% | +1.7% |
| WMB WILLIAMS COS INC | Utilities | 43.7K | $3.2M | 0.6% | -2.4% |
| ETR ENTERGY CORP | Utilities | 27.2K | $3.1M | 0.6% | +11.9% |
| VVV VALVOLINE INC | Energy | 84.6K | $2.8M | 0.5% | -6.9% |
| IQV IQVIA HOLDINGS INC | Healthcare | 16.5K | $2.8M | 0.5% | +11.9% |
| MU MICRON TECHNOLOGY INC | Technology | 7.6K | $2.6M | 0.5% | -37.2% |
| CVX CHEVRON CORP | Energy | 11.8K | $2.4M | 0.5% | +4.4% |
| META META PLATFORMS INC-CLASS A | Technology | 4.2K | $2.4M | 0.5% | +4.2% |
| COP CONOCOPHILLIPS | Energy | 17.6K | $2.3M | 0.4% | -36.4% |
| CACI CACI INTERNATIONAL INC -CL A | Technology | 4.3K | $2.3M | 0.4% | +0.4% |
| LLY ELI LILLY & CO | Healthcare | 2.1K | $1.9M | 0.4% | +11.8% |
| MIDD MIDDLEBY CORP | Industrials | 14.4K | $1.9M | 0.4% | -3.9% |
| WMT WALMART INC | Consumer discretionary | 14.6K | $1.8M | 0.3% | -18.5% |
| DLTR DOLLAR TREE INC | Consumer discretionary | 15.7K | $1.7M | 0.3% | +1.9% |
| CCJ CAMECO CORP | Materials | 15.8K | $1.7M | 0.3% | -44.3% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 7.3K | $1.7M | 0.3% | -5.5% |
| LSTR LANDSTAR SYSTEM INC | Industrials | 9.6K | $1.5M | 0.3% | New |
| QCOM QUALCOMM INC | Technology | 11.7K | $1.5M | 0.3% | +54.0% |
| SHC SOTERA HEALTH CO | Healthcare | 102.9K | $1.5M | 0.3% | New |
| VZ VERIZON COMMUNICATIONS INC | Communications | 28.9K | $1.5M | 0.3% | +0.3% |
| NVT NVENT ELECTRIC PLC | Industrials | 12.1K | $1.4M | 0.3% | -11.7% |
| NEM NEWMONT CORP | Materials | 12.8K | $1.4M | 0.3% | -5.0% |
| CRL CHARLES RIVER LABORATORIES | Healthcare | 8.0K | $1.4M | 0.3% | -7.1% |
| URI UNITED RENTALS INC | Services media | 1.9K | $1.4M | 0.3% | New |
| HD HOME DEPOT INC | Consumer discretionary | 4.1K | $1.4M | 0.3% | -19.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 5.4K | $1.3M | 0.2% | +0.8% |
| GLW CORNING INC | Industrials | 9.6K | $1.3M | 0.2% | +0.7% |
| LBRDK LIBERTY BROADBAND-C | Communications | 24.4K | $1.2M | 0.2% | +62.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 439 | $530.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 12, 2026 | 394 | $513.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 8, 2025 | 394 | $501.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 9, 2025 | 358 | $459.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 205 | $291.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 295 | $292.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 245 | $296.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 1, 2024 | 816 | $281.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 818 | $277.4M | canonical | SEC ↗ |