Code Waechter LLC
Long book
$168.3M
Q1 2026
Positions
118
Top-10 weight
52%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsCode Waechter LLC is a wealth-management firm allocating client money, running a $168.3M US long book across 118 positions.
The portfolio is concentrated: the top 10 names carry 52% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: SCHWAB US LARGE-CAP GROWTH, CAP GROUP DIVIDEND VALUE, ISHARES 0-3 MONTH TREASURY B, VANGUARD SMALL-CAP ETF, VANGUARD S&P SMALL-CAP 600 V.
Over the last 7 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 2 of 7 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
Q3 2024
-0.0%
Q4 2024
-2.7%
Q1 2025
+5.7%
Q2 2025
+6.7%
Q3 2025
+2.1%
Q4 2025
-0.5%
Q1 2026
+11.3%
Sector allocation
Technology 25%
Financials 15%
Healthcare 12%
Utilities 12%
Energy 12%
Industrials 7%
Consumer discretionary 6%
Consumer staples 5%
Long book by quarter
What does Code Waechter own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 8.7K | $2.2M | 1.3% | +4.1% |
| MSFT MICROSOFT CORP | Technology | 5.1K | $1.9M | 1.1% | +7.6% |
| NVDA NVIDIA CORP | Technology | 9.8K | $1.7M | 1.0% | +7.3% |
| TTE TOTALENERGIES SE | Energy | 13.7K | $1.2M | 0.7% | -1.8% |
| AVGO BROADCOM INC | Technology | 3.8K | $1.2M | 0.7% | +2.9% |
| ABBV ABBVIE INC | Healthcare | 5.1K | $1.1M | 0.7% | -8.8% |
| GOOGL ALPHABET INC-CL A | Technology | 3.7K | $1.1M | 0.6% | +9.3% |
| XOM EXXON MOBIL CORP | Energy | 6.2K | $1.0M | 0.6% | -1.5% |
| ENB ENBRIDGE INC | Energy | 19.3K | $1.0M | 0.6% | -4.1% |
| CVX CHEVRON CORP | Energy | 5.0K | $1.0M | 0.6% | -5.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 4.5K | $939K | 0.6% | +4.9% |
| WMB WILLIAMS COS INC | Utilities | 12.9K | $939K | 0.6% | -21.2% |
| USB US BANCORP | Financials | 16.8K | $875K | 0.5% | +2.4% |
| JPM JPMORGAN CHASE & CO | Financials | 2.8K | $830K | 0.5% | +2.5% |
| LLY ELI LILLY & CO | Healthcare | 900 | $828K | 0.5% | +14.6% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 4.0K | $824K | 0.5% | +0.4% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 5.0K | $823K | 0.5% | +37.9% |
| PFE PFIZER INC | Healthcare | 27.8K | $780K | 0.5% | +0.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 3.1K | $755K | 0.4% | -25.2% |
| AMGN AMGEN INC | Healthcare | 2.1K | $755K | 0.4% | -6.5% |
| XEL XCEL ENERGY INC | Utilities | 8.9K | $704K | 0.4% | -8.1% |
| META META PLATFORMS INC-CLASS A | Technology | 1.2K | $703K | 0.4% | +6.9% |
| TRP TC ENERGY CORP | Utilities | 11.2K | $702K | 0.4% | -20.6% |
| GOOG ALPHABET INC-CL C | Technology | 2.4K | $693K | 0.4% | -1.2% |
| TFC TRUIST FINANCIAL CORP | Financials | 14.7K | $678K | 0.4% | +3.3% |
| DUK DUKE ENERGY CORP | Utilities | 4.6K | $601K | 0.4% | -5.3% |
| RTX RTX CORP | Industrials | 3.0K | $584K | 0.3% | -5.8% |
| PEP PEPSICO INC | Consumer staples | 3.7K | $576K | 0.3% | +7.4% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 11.2K | $560K | 0.3% | -40.5% |
| FE FIRSTENERGY CORP | Utilities | 10.8K | $548K | 0.3% | +1.8% |
| CME CME GROUP INC | Financials | 1.8K | $535K | 0.3% | New |
| MS MORGAN STANLEY | Financials | 3.0K | $497K | 0.3% | Held |
| BMO BANK OF MONTREAL | Financials | 3.6K | $485K | 0.3% | -20.2% |
| GE GENERAL ELECTRIC | Industrials | 1.6K | $449K | 0.3% | +8.9% |
| AMCR AMCOR PLC | Other | 10.9K | $434K | 0.3% | New |
| AEP AMERICAN ELECTRIC POWER | Utilities | 3.3K | $430K | 0.3% | -27.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 420 | $419K | 0.2% | +1.9% |
| AMAT APPLIED MATERIALS INC | Technology | 1.2K | $416K | 0.2% | New |
| GILD GILEAD SCIENCES INC | Healthcare | 2.9K | $406K | 0.2% | -37.1% |
| MA MASTERCARD INC - A | Services media | 773 | $386K | 0.2% | +1.4% |
| PPL PPL CORP | Utilities | 9.6K | $366K | 0.2% | -5.1% |
| PAYX PAYCHEX INC | Services media | 3.8K | $351K | 0.2% | New |
| HBAN HUNTINGTON BANCSHARES INC | Financials | 21.5K | $337K | 0.2% | -33.0% |
| HAL HALLIBURTON CO | Energy | 8.6K | $334K | 0.2% | +5.9% |
| MCD MCDONALD'S CORP | Consumer discretionary | 1.1K | $329K | 0.2% | +2.4% |
| TSLA TESLA INC | Industrials | 878 | $326K | 0.2% | +5.8% |
| AZO AUTOZONE INC | Consumer discretionary | 95 | $321K | 0.2% | -1.0% |
| KO COCA-COLA CO/THE | Consumer staples | 4.2K | $318K | 0.2% | -18.7% |
| LMT LOCKHEED MARTIN CORP | Industrials | 515 | $311K | 0.2% | Held |
| KMB KIMBERLY-CLARK CORP | Other | 3.1K | $301K | 0.2% | -6.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 15, 2026 | 118 | $168.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 108 | $155.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 112 | $153.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 111 | $140.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 126 | $121.6M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 13, 2025 | 101 | $115K | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 10, 2024 | 100 | $104.9M | $K fixed canonical | SEC ↗ |