Briaud Financial Planning Inc
Long book
$381.4M
Q1 2026
Positions
38
Top-10 weight
96%
concentration
Last quarter
+2.3%
SPY +14.8%
Turnover
26%
of book per quarter
Strategy in plain words
auto-generated from filingsBriaud Financial Planning Inc is a wealth-management firm allocating client money, specialised in financials (91% of the long book), running a $381.4M US long book across 38 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: VANGUARD TOTAL STOCK MKT ETF, SPDR GOLD SHARES, INVESCO OPTIMUM YIELD DIVERS, ISHARES SILVER TRUST, INVESCO AGRICULTURE CMDTYK-1.
Over the last 9 quarters its long book ran on average 0.6pp per quarter ahead of the S&P 500, beating the index in 5 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
+2.9%
Q2 2024
+6.9%
Q3 2024
+1.5%
Q4 2024
+3.2%
Q1 2025
+7.4%
Q2 2025
+9.7%
Q3 2025
+9.2%
Q4 2025
+2.8%
Q1 2026
+2.3%
Sector allocation
Technology 53%
Energy 15%
Healthcare 13%
Financials 7%
Consumer discretionary 5%
Materials 5%
Industrials 2%
Long book by quarter
What does Briaud Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 9.8K | $2.5M | 0.6% | -4.7% |
| ADI ANALOG DEVICES INC | Technology | 6.2K | $2.0M | 0.5% | -2.2% |
| XOM EXXON MOBIL CORP | Energy | 9.6K | $1.6M | 0.4% | Held |
| NVDA NVIDIA CORP | Technology | 9.1K | $1.6M | 0.4% | 0.0% |
| LLY ELI LILLY & CO | Healthcare | 1.1K | $971K | 0.3% | +0.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.5K | $741K | 0.2% | +2.5% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 2.2K | $625K | 0.2% | +4.3% |
| MSFT MICROSOFT CORP | Technology | 1.4K | $513K | 0.1% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.3K | $476K | 0.1% | Held |
| AMGN AMGEN INC | Healthcare | 1.3K | $460K | 0.1% | -1.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.2K | $301K | 0.1% | Held |
| JBL JABIL INC | Technology | 971 | $258K | 0.1% | Held |
| CVX CHEVRON CORP | Energy | 1.2K | $246K | 0.1% | New |
| LMT LOCKHEED MARTIN CORP | Industrials | 367 | $222K | 0.1% | New |
| JPM JPMORGAN CHASE & CO | Financials | 714 | $210K | 0.1% | -18.0% |
| WMT WALMART INC | Consumer discretionary | 1.7K | $209K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 10, 2026 | 38 | $381.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 28, 2026 | 37 | $405.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 25, 2025 | 36 | $306.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 365 | $253.6M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 209 | $251.7M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 220 | $245.3M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 141 | $193.6M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 144 | $173.2M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 127 | $175.9M | $K fixed canonical | SEC ↗ |