ESL Trust Services, LLC
Long book
$523.6M
Q1 2026
Positions
258
Top-10 weight
91%
concentration
Last quarter
+11.8%
SPY +14.8%
Turnover
2%
of book per quarter
Strategy in plain words
auto-generated from filingsESL Trust Services, LLC is a wealth-management firm allocating client money, running a $523.6M US long book across 258 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES CORE S&P 500 ETF, AVANTIS US LARGE CAP VALUE, AVANTIS INTERNATIONAL EQUITY, ISHARES CORE MSCI DEV MKTS, WISDMTREE EMERG MKT EX-ST OW.
Over the last 9 quarters its long book ran on average 0.6pp 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
+1.0%
Q2 2024
+7.8%
Q3 2024
-2.1%
Q4 2024
-0.7%
Q1 2025
+8.2%
Q2 2025
+6.1%
Q3 2025
+2.3%
Q4 2025
+0.3%
Q1 2026
+11.8%
Sector allocation
Industrials 20%
Technology 18%
Financials 13%
Healthcare 10%
Other 8%
Energy 7%
Consumer staples 6%
Consumer discretionary 6%
Long book by quarter
What does ESL Trust own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NKE NIKE INC -CL B | Other | 15.5K | $819K | 0.2% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 3.1K | $768K | 0.1% | -0.3% |
| JPM JPMORGAN CHASE & CO | Financials | 2.6K | $751K | 0.1% | -0.4% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 3.0K | $737K | 0.1% | -1.5% |
| MSFT MICROSOFT CORP | Technology | 1.9K | $717K | 0.1% | Held |
| INTC INTEL CORP | Technology | 14.8K | $653K | 0.1% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 8.1K | $612K | 0.1% | Held |
| ATI ATI INC | Industrials | 4.0K | $582K | 0.1% | Held |
| STLD STEEL DYNAMICS INC | Industrials | 3.0K | $540K | 0.1% | Held |
| XOM EXXON MOBIL CORP | Energy | 3.0K | $508K | 0.1% | Held |
| GE GENERAL ELECTRIC | Industrials | 1.8K | $501K | 0.1% | Held |
| VLO VALERO ENERGY CORP | Energy | 2.0K | $494K | 0.1% | Held |
| AFL AFLAC INC | Financials | 4.0K | $439K | 0.1% | Held |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 1.2K | $428K | 0.1% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 1.2K | $395K | 0.1% | Held |
| SYK STRYKER CORP | Healthcare | 1.2K | $394K | 0.1% | Held |
| SO SOUTHERN CO/THE | Utilities | 4.0K | $386K | 0.1% | Held |
| GEV GE VERNOVA INC | Industrials | 420 | $367K | 0.1% | Held |
| AAPL APPLE INC | Technology | 1.4K | $364K | 0.1% | -1.7% |
| MAS MASCO CORP | Industrials | 6.0K | $362K | 0.1% | Held |
| EMR EMERSON ELECTRIC CO | Industrials | 2.7K | $352K | 0.1% | Held |
| CVX CHEVRON CORP | Energy | 1.7K | $352K | 0.1% | Held |
| BLD* TOPBUILD CORP | — | 932 | $327K | 0.1% | Held |
| RTX RTX CORP | Industrials | 1.7K | $325K | 0.1% | Held |
| KEY KEYCORP | Financials | 16.0K | $321K | 0.1% | Held |
| COR CENCORA INC | Consumer discretionary | 1.0K | $314K | 0.1% | Held |
| ITT ITT INC | Industrials | 1.6K | $305K | 0.1% | Held |
| LIN LINDE PLC | Materials | 600 | $297K | 0.1% | Held |
| ED CONSOLIDATED EDISON INC | Utilities | 2.5K | $279K | 0.1% | Held |
| WFC WELLS FARGO & CO | Financials | 3.4K | $267K | 0.1% | Held |
| WHR WHIRLPOOL CORP | Industrials | 4.9K | $264K | 0.1% | Held |
| PFE PFIZER INC | Healthcare | 9.1K | $256K | 0.0% | -2.7% |
| AME AMETEK INC | Technology | 1.1K | $241K | 0.0% | Held |
| SBUX STARBUCKS CORP | Consumer discretionary | 2.5K | $224K | 0.0% | Held |
| MSI MOTOROLA SOLUTIONS INC | Technology | 484 | $210K | 0.0% | Held |
| CL COLGATE-PALMOLIVE CO | Other | 2.4K | $205K | 0.0% | Held |
| TMP TOMPKINS FINANCIAL CORP | Financials | 2.5K | $194K | 0.0% | Held |
| PEG PUBLIC SERVICE ENTERPRISE GP | Utilities | 2.3K | $189K | 0.0% | Held |
| NSC NORFOLK SOUTHERN CORP | Industrials | 638 | $183K | 0.0% | Held |
| AEP AMERICAN ELECTRIC POWER | Utilities | 1.4K | $177K | 0.0% | Held |
| LPX LOUISIANA-PACIFIC CORP | Other | 2.4K | $176K | 0.0% | Held |
| BX BLACKSTONE INC | Financials | 1.5K | $172K | 0.0% | Held |
| HSY HERSHEY CO/THE | Consumer staples | 823 | $171K | 0.0% | Held |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 500 | $164K | 0.0% | Held |
| PAYX PAYCHEX INC | Services media | 1.8K | $163K | 0.0% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 1.1K | $157K | 0.0% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 480 | $149K | 0.0% | -2.0% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 900 | $149K | 0.0% | Held |
| ABT ABBOTT LABORATORIES | Healthcare | 1.4K | $146K | 0.0% | Held |
| MRK MERCK & CO. INC. | Healthcare | 1.2K | $144K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 268 | $523.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 266 | $521.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 318 | $509.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 229 | $489.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 322 | $443.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 341 | $448.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 1, 2024 | 242 | $441.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 267 | $410.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 144 | $382.0M | canonical | SEC ↗ |