Five Pine Wealth Management
Long book
$160.9M
Q1 2026
Positions
47
Top-10 weight
73%
concentration
Last quarter
+8.3%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsFive Pine Wealth Management is a wealth-management firm allocating client money, specialised in financials (75% of the long book), running a $160.9M US long book across 47 positions.
The portfolio is concentrated: the top 10 names carry 73% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD TOTAL BOND MARKET, VANGUARD FTSE ALL-WORLD EX-U, VANGUARD GROWTH ETF, VANGUARD VALUE ETF, VANGUARD S&P 500 ETF.
Over the last 6 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 2 of 6 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
Q4 2024
-0.5%
Q1 2025
+7.3%
Q2 2025
+5.7%
Q3 2025
+2.2%
Q4 2025
-0.9%
Q1 2026
+8.3%
Sector allocation
Consumer discretionary 32%
Technology 31%
Materials 24%
Financials 13%
Long book by quarter
What does Five Pine own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 492 | $490K | 0.3% | +1.0% |
| AG FIRST MAJESTIC SILVER CORP | Materials | 17.7K | $380K | 0.2% | -32.2% |
| MSFT MICROSOFT CORP | Technology | 664 | $246K | 0.2% | -13.0% |
| AVGO BROADCOM INC | Technology | 754 | $233K | 0.1% | +0.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 422 | $202K | 0.1% | -0.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 17, 2026 | 47 | $160.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 42 | $155.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 10, 2025 | 42 | $147.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 15, 2025 | 40 | $135.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 21, 2025 | 38 | $122.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 24, 2025 | 40 | $118.6M | canonical | SEC ↗ |