ERn Financial, LLC
Long book
$531.8M
Q1 2026
Positions
150
Top-10 weight
39%
concentration
Last quarter
+11.0%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsERn Financial, LLC is a wealth-management firm allocating client money, running a $531.8M US long book across 150 positions.
The portfolio is moderately concentrated (top 10 ≈ 39% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR P S&P 500 VALUE ETF, SS SPDR P S&P 500 GROWTH ETF, STE STR SPDR PT DW EU ETF, ISHARES CORE MSCI EAFE ETF, VICTORYSHARES SHORT-TERM BON.
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. 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
+1.8%
Q2 2024
+6.3%
Q3 2024
-0.2%
Q4 2024
-2.0%
Q1 2025
+8.6%
Q2 2025
+6.4%
Q3 2025
+2.4%
Q4 2025
-1.2%
Q1 2026
+11.0%
Sector allocation
Technology 52%
Financials 9%
Services media 9%
Industrials 8%
Consumer discretionary 8%
Healthcare 4%
Energy 4%
Consumer staples 2%
Long book by quarter
What does ERn Financial, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 22.2K | $5.6M | 1.1% | +26.9% |
| NVDA NVIDIA CORP | Technology | 14.7K | $2.6M | 0.5% | -0.5% |
| MSFT MICROSOFT CORP | Technology | 4.7K | $1.7M | 0.3% | +0.6% |
| FICO FAIR ISAAC CORP | Services media | 1.4K | $1.5M | 0.3% | -0.2% |
| ORCL ORACLE CORP | Technology | 7.1K | $1.0M | 0.2% | +0.5% |
| XOM EXXON MOBIL CORP | Energy | 6.1K | $1.0M | 0.2% | -0.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 4.5K | $947K | 0.2% | -11.8% |
| TSLA TESLA INC | Industrials | 2.5K | $930K | 0.2% | -2.2% |
| CACC CREDIT ACCEPTANCE CORP | Financials | 2.1K | $889K | 0.2% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 3.0K | $850K | 0.2% | +2.8% |
| META META PLATFORMS INC-CLASS A | Technology | 1.5K | $830K | 0.2% | -1.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.6K | $749K | 0.1% | -1.5% |
| GOOG ALPHABET INC-CL C | Technology | 2.5K | $712K | 0.1% | -0.7% |
| AVGO BROADCOM INC | Technology | 2.0K | $626K | 0.1% | +7.2% |
| ANET ARISTA NETWORKS INC | Technology | 4.8K | $587K | 0.1% | +3.0% |
| LLY ELI LILLY & CO | Healthcare | 598 | $550K | 0.1% | -1.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 24, 2026 | 150 | $531.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 15, 2026 | 146 | $531.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 140 | $506.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 17, 2025 | 145 | $474.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 21, 2025 | 180 | $632.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 14, 2025 | 190 | $666.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 187 | $657.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ANEW HOLDINGS | Jul 18, 2024 | 177 | $602.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 17, 2024 | 177 | $627.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 15, 2024 | 173 | $576.5M | canonical | SEC ↗ |