Carson Advisory Inc.
Long book
$192.9M
Q1 2026
Positions
188
Top-10 weight
35%
concentration
Last quarter
+11.0%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsCarson Advisory Inc. is an institutional manager, running a $192.9M US long book across 188 positions.
The portfolio is moderately concentrated (top 10 ≈ 35% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: HOME DEPOT INC, CAP GROUP CONSERVATIVE EQ, CAP GROUP GLOBAL GROWTH, T ROWE PRC CAP APPRECIATION, BERKSHIRE HATHAWAY INC-CL B.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.3%
Q2 2024
+9.4%
Q3 2024
-0.8%
Q4 2024
-0.3%
Q1 2025
+4.9%
Q2 2025
+7.0%
Q3 2025
+1.4%
Q4 2025
-1.0%
Q1 2026
+11.0%
Sector allocation
Utilities 23%
Financials 22%
Technology 17%
Consumer discretionary 12%
Industrials 8%
Healthcare 5%
Consumer staples 4%
Energy 3%
Long book by quarter
What does Carson Advisory own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| HD HOME DEPOT INC | Consumer discretionary | 30.5K | $10.0M | 5.2% | +0.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 14.8K | $7.1M | 3.7% | +0.3% |
| SO SOUTHERN CO/THE | Utilities | 71.5K | $6.9M | 3.6% | +0.1% |
| EIX EDISON INTERNATIONAL | Utilities | 73.3K | $5.4M | 2.8% | -1.1% |
| AAPL APPLE INC | Technology | 19.0K | $4.8M | 2.5% | +1.3% |
| D DOMINION ENERGY INC | Utilities | 75.2K | $4.6M | 2.4% | +0.3% |
| AES AES CORP | Utilities | 297.9K | $4.2M | 2.2% | -1.8% |
| DUK DUKE ENERGY CORP | Utilities | 30.8K | $4.0M | 2.1% | -0.4% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 14.9K | $3.6M | 1.9% | -2.2% |
| MSFT MICROSOFT CORP | Technology | 8.1K | $3.0M | 1.5% | +4.8% |
| BAC BANK OF AMERICA CORP | Financials | 56.6K | $2.8M | 1.4% | -0.9% |
| JPM JPMORGAN CHASE & CO | Financials | 9.0K | $2.6M | 1.4% | -1.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 10.0K | $2.4M | 1.3% | -1.4% |
| JXN JACKSON FINANCIAL INC-A | Financials | 21.0K | $2.2M | 1.1% | -5.7% |
| DAL DELTA AIR LINES INC | Industrials | 28.9K | $1.9M | 1.0% | -0.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 12.1K | $1.7M | 0.9% | -0.3% |
| GOOG ALPHABET INC-CL C | Technology | 5.8K | $1.7M | 0.9% | +20.1% |
| T AT&T INC | Communications | 56.3K | $1.6M | 0.8% | -9.7% |
| KO COCA-COLA CO/THE | Consumer staples | 20.9K | $1.6M | 0.8% | -2.5% |
| C CITIGROUP INC | Financials | 12.7K | $1.4M | 0.7% | -4.0% |
| WMT WALMART INC | Consumer discretionary | 11.0K | $1.4M | 0.7% | -7.1% |
| XOM EXXON MOBIL CORP | Energy | 7.6K | $1.3M | 0.7% | -5.3% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 25.4K | $1.3M | 0.7% | -4.5% |
| NVDA NVIDIA CORP | Technology | 7.1K | $1.2M | 0.6% | +8.9% |
| NEE NEXTERA ENERGY INC | Utilities | 12.3K | $1.1M | 0.6% | 0.0% |
| CVX CHEVRON CORP | Energy | 5.5K | $1.1M | 0.6% | -14.5% |
| BX BLACKSTONE INC | Financials | 9.7K | $1.1M | 0.6% | +1.0% |
| AFL AFLAC INC | Financials | 9.9K | $1.1M | 0.6% | -3.4% |
| ETN EATON CORP PLC | Industrials | 3.0K | $1.1M | 0.6% | -0.9% |
| PEP PEPSICO INC | Consumer staples | 6.9K | $1.1M | 0.6% | +0.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 4.9K | $1.0M | 0.5% | +5.0% |
| BA BOEING CO/THE | Industrials | 5.0K | $1.0M | 0.5% | +0.5% |
| WFC WELLS FARGO & CO | Financials | 12.5K | $993K | 0.5% | +9.6% |
| GE GENERAL ELECTRIC | Industrials | 3.5K | $987K | 0.5% | -2.8% |
| CG CARLYLE GROUP INC/THE | Financials | 19.2K | $930K | 0.5% | -3.0% |
| META META PLATFORMS INC-CLASS A | Technology | 1.6K | $928K | 0.5% | -1.3% |
| TFC TRUIST FINANCIAL CORP | Financials | 19.6K | $901K | 0.5% | -4.8% |
| PRU PRUDENTIAL FINANCIAL INC | Financials | 8.6K | $845K | 0.4% | 0.0% |
| MU MICRON TECHNOLOGY INC | Technology | 2.5K | $832K | 0.4% | -53.7% |
| OKE ONEOK INC | Utilities | 9.0K | $811K | 0.4% | Held |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 7.8K | $772K | 0.4% | +3.7% |
| LLY ELI LILLY & CO | Healthcare | 781 | $718K | 0.4% | +6.3% |
| PCG P G & E CORP | Utilities | 40.0K | $703K | 0.4% | -8.0% |
| LOW LOWE'S COS INC | Consumer discretionary | 2.9K | $681K | 0.4% | +1.9% |
| GEV GE VERNOVA INC | Industrials | 766 | $669K | 0.3% | -4.5% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 4.0K | $654K | 0.3% | +0.1% |
| RTX RTX CORP | Industrials | 3.4K | $651K | 0.3% | -1.2% |
| GIS GENERAL MILLS INC | Consumer staples | 16.9K | $628K | 0.3% | +155.1% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 6.6K | $616K | 0.3% | Held |
| AVGO BROADCOM INC | Technology | 2.0K | $609K | 0.3% | +18.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 188 | $192.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 183 | $192.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 173 | $185.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 171 | $157.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 164 | $148.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 157 | $143.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 1, 2024 | 177 | $159.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 166 | $142.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 173 | $142.2M | canonical | SEC ↗ |
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