FINANCIAL CONSULATE, INC
Long book
$802.6M
Q1 2026
Positions
1402
Top-10 weight
64%
concentration
Last quarter
+10.5%
SPY +14.8%
Turnover
19%
of book per quarter
Strategy in plain words
auto-generated from filingsFINANCIAL CONSULATE, INC is a wealth-management firm allocating client money, running a $802.6M US long book across 1402 positions.
The portfolio is concentrated: the top 10 names carry 64% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: SCHWAB US LARGE-CAP ETF, DIMENSIONAL US HIGH PROFI ET, PIMCO RAFI DYNAMIC MULTI-FAC, SCHWAB INTL EQUITY ETF, DIMENSIONAL INTERNATIONAL HI.
Over the last 9 quarters its long book ran on average 0.8pp 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
+1.0%
Q2 2024
+7.0%
Q3 2024
-1.9%
Q4 2024
+0.2%
Q1 2025
+8.2%
Q2 2025
+6.3%
Q3 2025
+2.8%
Q4 2025
-1.0%
Q1 2026
+10.5%
Sector allocation
Technology 34%
Industrials 17%
Financials 10%
Consumer staples 9%
Healthcare 8%
Consumer discretionary 7%
Services media 4%
Utilities 3%
Long book by quarter
What does FINANCIAL CONSULATE, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 77.3K | $19.6M | 2.4% | -1.0% |
| MKC MCCORMICK & CO-NON VTG SHRS | Consumer staples | 183.5K | $9.3M | 1.2% | 0.0% |
| PATK PATRICK INDUSTRIES INC | Industrials | 52.6K | $5.8M | 0.7% | Held |
| NVDA NVIDIA CORP | Technology | 27.3K | $4.8M | 0.6% | -0.2% |
| TXG 10X GENOMICS INC-CLASS A | Healthcare | 156.5K | $3.3M | 0.4% | Held |
| MSFT MICROSOFT CORP | Technology | 8.1K | $3.0M | 0.4% | -2.8% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 12.4K | $2.6M | 0.3% | 0.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 11.3K | $2.4M | 0.3% | -3.7% |
| GOOG ALPHABET INC-CL C | Technology | 7.8K | $2.2M | 0.3% | +6.5% |
| LMT LOCKHEED MARTIN CORP | Industrials | 3.4K | $2.0M | 0.3% | -1.5% |
| GOOGL ALPHABET INC-CL A | Technology | 6.2K | $1.8M | 0.2% | +0.7% |
| CAT CATERPILLAR INC | Industrials | 2.3K | $1.6M | 0.2% | +2.0% |
| RTX RTX CORP | Industrials | 7.3K | $1.4M | 0.2% | -7.3% |
| XOM EXXON MOBIL CORP | Energy | 7.7K | $1.3M | 0.2% | -20.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.3K | $1.2M | 0.2% | +1.1% |
| JPM JPMORGAN CHASE & CO | Financials | 4.1K | $1.2M | 0.2% | +1.7% |
| MA MASTERCARD INC - A | Services media | 2.3K | $1.1M | 0.1% | -10.4% |
| LLY ELI LILLY & CO | Healthcare | 1.2K | $1.1M | 0.1% | +0.8% |
| PG PROCTER & GAMBLE CO/THE | Other | 7.4K | $1.1M | 0.1% | -3.0% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 11.2K | $1.1M | 0.1% | +0.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.2K | $1.0M | 0.1% | +0.5% |
| TSLA TESLA INC | Industrials | 2.8K | $1.0M | 0.1% | +6.9% |
| CEG CONSTELLATION ENERGY | Utilities | 3.6K | $992K | 0.1% | +1.3% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 9.9K | $973K | 0.1% | +0.5% |
| FAST FASTENAL CO | Consumer discretionary | 20.5K | $953K | 0.1% | +0.1% |
| MRK MERCK & CO. INC. | Healthcare | 7.6K | $909K | 0.1% | -13.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 3.5K | $862K | 0.1% | +5.0% |
| TJX TJX COMPANIES INC | Consumer discretionary | 5.0K | $796K | 0.1% | -20.8% |
| CVX CHEVRON CORP | Energy | 3.8K | $778K | 0.1% | +1.2% |
| MCD MCDONALD'S CORP | Consumer discretionary | 2.5K | $774K | 0.1% | +6.0% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.1% | Held |
| V VISA INC-CLASS A SHARES | Services media | 2.3K | $688K | 0.1% | -21.0% |
| HD HOME DEPOT INC | Consumer discretionary | 2.0K | $669K | 0.1% | -4.3% |
| ABBV ABBVIE INC | Healthcare | 3.1K | $667K | 0.1% | +2.0% |
| CSX CSX CORP | Industrials | 16.0K | $655K | 0.1% | +0.5% |
| DOCU DOCUSIGN INC | Technology | 13.8K | $653K | 0.1% | -2.1% |
| MLCI MOUNT LOGAN CAPITAL INC | Financials | 175.0K | $626K | 0.1% | -6.9% |
| HPE HEWLETT PACKARD ENTERPRISE | Technology | 26.3K | $626K | 0.1% | -3.2% |
| EXC EXELON CORP | Utilities | 11.6K | $567K | 0.1% | +2.4% |
| META META PLATFORMS INC-CLASS A | Technology | 971 | $556K | 0.1% | +9.5% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 2.1K | $516K | 0.1% | +1.7% |
| T AT&T INC | Communications | 17.4K | $505K | 0.1% | -20.5% |
| LRCX LAM RESEARCH CORP | Industrials | 2.3K | $482K | 0.1% | +4.5% |
| PEP PEPSICO INC | Consumer staples | 3.1K | $476K | 0.1% | -10.7% |
| URI UNITED RENTALS INC | Services media | 636 | $463K | 0.1% | +0.3% |
| DHR DANAHER CORP | Technology | 2.3K | $434K | 0.1% | -30.6% |
| EGY VAALCO ENERGY INC | Energy | 66.9K | $424K | 0.1% | Held |
| HEI/A HEICO CORP-CLASS A | Industrials | 2.0K | $415K | 0.1% | -24.3% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 303 | $400K | 0.0% | -27.9% |
| LIN LINDE PLC | Materials | 793 | $393K | 0.0% | +0.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 1402 | $802.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 22, 2026 | 1339 | $731.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 1153 | $708.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 18, 2025 | 37 | $506.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 26 | $396.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 31 | $377.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2024 | 34 | $376.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 22, 2024 | 35 | $341.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 23, 2024 | 40 | $338.4M | canonical | SEC ↗ |