Covestor Ltd

Diversified mechanical Mechanical CIK 1909846
League rank
#26
in Diversified mechanical · #1185 overall
Long book
$144.3M
Q1 2026
Positions
2835
Top-10 weight
14%
concentration
Last quarter
+16.3%
SPY +14.8%
Turnover
8%
of book per quarter

Strategy in plain words

auto-generated from filings

Covestor Ltd is a mechanically diversified allocator, running a $144.3M US long book across 2835 positions.

The portfolio is broadly diversified across 2835 positions (top 10 only 14%). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD FTSE DEVELOPED ETF, VANGUARD TOTAL STOCK MKT ETF, NVIDIA CORP, VANGUARD FTSE EMERGING MARKE, TERAWULF INC.

Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 4 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
-1.1%
Q2 2024
+6.7%
Q3 2024
+0.6%
Q4 2024
-5.3%
Q1 2025
+8.9%
Q2 2025
+8.4%
Q3 2025
+2.4%
Q4 2025
+1.2%
Q1 2026
+16.3%

Sector allocation

Technology
26%
Financials
16%
Industrials
15%
Healthcare
9%
Consumer discretionary
8%
Services media
7%
Other
5%
Utilities
3%

Long book by quarter

$157.1M
Q1 2024
$154.3M
Q2 2024
$159.3M
Q3 2024
$159.4M
Q4 2024
$149.5M
Q1 2025
$169.5M
Q2 2025
$181.5M
Q3 2025
$190.9M
Q4 2025
$144.3M
Q1 2026

What does Covestor Ltd own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology13.2K$2.3M1.6%-11.4%
WULF TERAWULF INCFinancials133.7K$1.9M1.3%-18.5%
MTUS METALLUS INCIndustrials103.3K$1.7M1.2%+2065100.0%
JOE ST JOE CO/THEReal estate23.7K$1.5M1.0%-6.7%
RYZ RYERSON HOLDING CORPConsumer discretionary63.6K$1.4M1.0%+18332.5%
FEIM FREQUENCY ELECTRONICS INCTechnology31.8K$1.4M1.0%New
ONDS ONDAS INCTechnology136.9K$1.2M0.9%+143.6%
GOOGL ALPHABET INC-CL ATechnology4.2K$1.2M0.8%-13.5%
AAPL APPLE INCTechnology4.5K$1.1M0.8%-29.8%
CLSK CLEANSPARK INCFinancials131.0K$1.1M0.8%+1007907.7%
CORZ CORE SCIENTIFIC INCFinancials72.8K$1.1M0.8%+11.0%
META META PLATFORMS INC-CLASS ATechnology1.8K$1.0M0.7%+4.3%
MSFT MICROSOFT CORPTechnology2.7K$991K0.7%-25.1%
OSK OSHKOSH CORPIndustrials6.6K$965K0.7%-6.1%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials1.9K$926K0.6%+44.5%
PDYN PALLADYNE AI CORPTechnology150.5K$913K0.6%+18.2%
GOOG ALPHABET INC-CL CTechnology2.8K$813K0.6%-9.5%
FWRD FORWARD AIR CORPIndustrials48.0K$801K0.6%+23.5%
ECHO ECHOSTAR CORP-ACommunications6.8K$799K0.6%-46.2%
NBIS NEBIUS GROUP NVTechnology7.6K$789K0.5%-31.3%
RCAT RED CAT HOLDINGS INCTechnology58.4K$764K0.5%New
UMAC UNUSUAL MACHINES INC /USTechnology61.1K$758K0.5%+80.8%
AMZN AMAZON.COM INCConsumer discretionary3.5K$730K0.5%-28.9%
HUT HUT 8 CORPFinancials15.3K$720K0.5%-28.1%
DE DEERE & COIndustrials1.2K$691K0.5%-7.8%
NVRI ENVIRI CORPUtilities34.6K$679K0.5%0.0%
FAST FASTENAL COConsumer discretionary14.3K$662K0.5%+323.7%
CF CF INDUSTRIES HOLDINGS INCOther5.1K$661K0.5%-2.7%
CNQ CANADIAN NATURAL RESOURCESEnergy12.7K$620K0.4%Held
MSM MSC INDUSTRIAL DIRECT CO-AConsumer discretionary6.7K$619K0.4%+404.6%
AVGO BROADCOM INCTechnology2.0K$606K0.4%-15.9%
VISN VISTANCE NETWORKS INCTechnology32.9K$599K0.4%-1.4%
ABG ASBURY AUTOMOTIVE GROUPConsumer discretionary2.8K$545K0.4%-0.7%
KTOS KRATOS DEFENSE & SECURITYIndustrials7.6K$539K0.4%+2293.7%
KMT KENNAMETAL INCIndustrials13.8K$499K0.3%+207.2%
WDAY WORKDAY INC-CLASS ATechnology3.8K$488K0.3%+1363.4%
MA MASTERCARD INC - AServices media970$485K0.3%-11.8%
LLY ELI LILLY & COHealthcare507$468K0.3%+20.7%
TKR TIMKEN COIndustrials4.5K$457K0.3%+85.1%
NXDR NEXTDOOR HOLDINGS INCTechnology315.8K$442K0.3%+153.1%
CIFR CIPHER DIGITAL INCFinancials34.2K$440K0.3%+87656.4%
SPHR SPHERE ENTERTAINMENT COServices media3.7K$440K0.3%-22.9%
KD KYNDRYL HOLDINGS INCTechnology32.0K$420K0.3%-5.3%
TRC TEJON RANCH COReal estate21.4K$404K0.3%+0.2%
PRCH PORCH GROUP INCTechnology55.0K$395K0.3%+49.1%
NRGV ENERGY VAULT HOLDINGS INCTechnology118.6K$391K0.3%+140.4%
WDC WESTERN DIGITAL CORPTechnology1.4K$379K0.3%-4.0%
AVAV AEROVIRONMENT INCIndustrials2.0K$363K0.3%+2731.4%
AAP ADVANCE AUTO PARTS INCConsumer discretionary6.8K$359K0.2%+0.8%
SLB SLB LTDEnergy6.8K$348K0.2%+243.0%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 5, 20262927$144.3M $K fixed canonicalSEC ↗
Q4 202513F-HRFeb 6, 20262900$191.0M $K fixed canonicalSEC ↗
Q3 202513F-HROct 30, 20252918$181.5M $K fixed canonicalSEC ↗
Q2 202513F-HRAug 11, 20252892$169.5M $K fixed canonicalSEC ↗
Q1 202513F-HRMay 12, 20252893$149.9M $K fixed canonicalSEC ↗
Q4 202413F-HRFeb 13, 20252907$159.7M $K fixed canonicalSEC ↗
Q3 202413F-HRNov 1, 20242919$159.5M $K fixed canonicalSEC ↗
Q2 202413F-HRAug 9, 20242934$154.6M $K fixed canonicalSEC ↗
Q1 202413F-HRMay 10, 20242926$157.5M $K fixed canonicalSEC ↗