Bulwark Capital Corp
Long book
$162.2M
Q1 2026
Positions
100
Top-10 weight
62%
concentration
Last quarter
+6.9%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsBulwark Capital Corp is a wealth-management firm allocating client money, running a $162.2M US long book across 100 positions.
The portfolio is concentrated: the top 10 names carry 62% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD TOTAL STOCK MKT ETF, PGIM ULTRA SHORT BOND ETF, JPMORGAN LTD DURATION ETF, ISHARES CORE S&P 500 ETF, SCHWAB INTERMEDIATE-TERM US.
Over the last 4 quarters its long book ran on average 2.2pp per quarter behind the S&P 500, beating the index in 1 of 4 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
Q2 2025
+5.0%
Q3 2025
+1.9%
Q4 2025
-1.3%
Q1 2026
+6.9%
Sector allocation
Technology 72%
Consumer staples 11%
Consumer discretionary 5%
Industrials 4%
Materials 4%
Communications 3%
Healthcare 1%
Energy 1%
Long book by quarter
What does Bulwark Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 2.1K | $533K | 0.3% | -3.6% |
| MSFT MICROSOFT CORP | Technology | 394 | $146K | 0.1% | +135.9% |
| MO ALTRIA GROUP INC | Consumer staples | 846 | $56K | 0.0% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 317 | $52K | 0.0% | Held |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 300 | $39K | 0.0% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 589 | $30K | 0.0% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 25 | $25K | 0.0% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 100 | $21K | 0.0% | Held |
| GE GENERAL ELECTRIC | Industrials | 63 | $18K | 0.0% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 59 | $17K | 0.0% | Held |
| GEV GE VERNOVA INC | Industrials | 15 | $13K | 0.0% | Held |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 8 | $11K | 0.0% | -46.7% |
| NVDA NVIDIA CORP | Technology | 40 | $7K | 0.0% | Held |
| CVX CHEVRON CORP | Energy | 25 | $5K | 0.0% | Held |
| NVAX NOVAVAX INC | Healthcare | 610 | $5K | 0.0% | Held |
| CRM SALESFORCE INC | Technology | 25 | $5K | 0.0% | Held |
| GEHC GE HEALTHCARE TECHNOLOGY | Healthcare | 21 | $1K | 0.0% | Held |