Castellan Group
Long book
$722.6M
Q1 2026
Positions
34
Top-10 weight
91%
concentration
Last quarter
+22.6%
SPY +14.8%
Turnover
43%
of book per quarter
Strategy in plain words
auto-generated from filingsCastellan Group is a wealth-management firm allocating client money, running a $722.6M US long book across 34 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: CASTELLAN TARGETD EQUITY ETF, CASTELLAN TARGET INC ETF, ALPHA ARCHITECT 1-3 MNTH BOX, CLEARWAY ENERGY INC-C, NEXTERA ENERGY INC.
Over the last 9 quarters its long book ran on average 2.5pp per quarter ahead of the S&P 500, beating the index in 6 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
+8.1%
Q3 2024
+3.9%
Q4 2024
-4.7%
Q1 2025
+11.6%
Q2 2025
+17.3%
Q3 2025
+2.3%
Q4 2025
+1.4%
Q1 2026
+22.6%
Sector allocation
Utilities 60%
Energy 31%
Technology 7%
Services media 1%
Consumer discretionary 1%
Financials 1%
Long book by quarter
What does Castellan Group own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CWEN CLEARWAY ENERGY INC-C | Utilities | 142.2K | $5.6M | 0.8% | +9.2% |
| NEE NEXTERA ENERGY INC | Utilities | 54.1K | $5.0M | 0.7% | +4.2% |
| POR PORTLAND GENERAL ELECTRIC CO | Utilities | 94.4K | $5.0M | 0.7% | +9.5% |
| NJR NEW JERSEY RESOURCES CORP | Utilities | 88.3K | $4.9M | 0.7% | +10.6% |
| ATO ATMOS ENERGY CORP | Utilities | 25.6K | $4.7M | 0.7% | +7.7% |
| ES EVERSOURCE ENERGY | Utilities | 65.9K | $4.6M | 0.6% | +9.8% |
| DKL DELEK LOGISTICS PARTNERS LP | Energy | 91.2K | $4.5M | 0.6% | +7.6% |
| WEC WEC ENERGY GROUP INC | Utilities | 38.9K | $4.5M | 0.6% | +10.8% |
| MPLX MPLX LP | Energy | 77.1K | $4.4M | 0.6% | +7.9% |
| HESM HESS MIDSTREAM LP - CLASS A | Energy | 98.9K | $3.8M | 0.5% | +9.9% |
| XOM EXXON MOBIL CORP | Energy | 14.9K | $2.5M | 0.3% | -76.4% |
| CVX CHEVRON CORP | Energy | 11.4K | $2.4M | 0.3% | -44.5% |
| MSFT MICROSOFT CORP | Technology | 6.2K | $2.3M | 0.3% | -63.8% |
| ORCL ORACLE CORP | Technology | 7.6K | $1.1M | 0.2% | New |
| META META PLATFORMS INC-CLASS A | Technology | 1.0K | $572K | 0.1% | -83.5% |
| LRN STRIDE INC | Services media | 5.8K | $511K | 0.1% | -8.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.4K | $500K | 0.1% | -93.3% |
| PGR PROGRESSIVE CORP | Financials | 2.0K | $396K | 0.1% | Held |
| AAPL APPLE INC | Technology | 930 | $236K | 0.0% | -96.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 23, 2026 | 37 | $725.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 61 | $795.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 23, 2025 | 40 | $690.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ARESTATEMENT | Aug 12, 2025 | 31 | $542.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 24, 2025 | 31 | $542.8M | SEC ↗ | |
| Q1 2025 | 13F-HR | May 8, 2025 | 65 | $357.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 61 | $230.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 25, 2024 | 59 | $237.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 60 | $210.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 60 | $195.3M | canonical | SEC ↗ |