FSA Investment Group, LLC
Long book
$248.4M
Q1 2026
Positions
45
Top-10 weight
91%
concentration
Last quarter
+9.0%
SPY +14.8%
Turnover
37%
of book per quarter
Strategy in plain words
auto-generated from filingsFSA Investment Group, LLC is a wealth-management firm allocating client money, running a $248.4M US long book across 45 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: SCHWAB US LARGE-CAP ETF, VANGUARD 0-3M T-BILL ETF, INVESCO S&P 500 EQUAL WEIGHT, AVANTIS INTERNATIONAL EQUITY, ISHARES CORE MSCI EMERGING.
Over the last 6 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 1 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
-4.5%
Q1 2025
+9.2%
Q2 2025
+7.1%
Q3 2025
+1.9%
Q4 2025
-2.4%
Q1 2026
+9.0%
Sector allocation
Technology 57%
Consumer discretionary 24%
Energy 8%
Utilities 6%
Healthcare 5%
Long book by quarter
What does FSA Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 6.2K | $1.1M | 0.4% | +51.2% |
| AAPL APPLE INC | Technology | 4.2K | $1.1M | 0.4% | +9.0% |
| WMT WALMART INC | Consumer discretionary | 6.4K | $797K | 0.3% | +38.3% |
| AVGO BROADCOM INC | Technology | 2.5K | $760K | 0.3% | +38.2% |
| XOM EXXON MOBIL CORP | Energy | 3.8K | $636K | 0.3% | New |
| GOOG ALPHABET INC-CL C | Technology | 1.8K | $520K | 0.2% | +38.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.4K | $498K | 0.2% | +26.5% |
| MSFT MICROSOFT CORP | Technology | 1.0K | $384K | 0.2% | -32.3% |
| LLY ELI LILLY & CO | Healthcare | 400 | $368K | 0.1% | New |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 349 | $348K | 0.1% | New |
| META META PLATFORMS INC-CLASS A | Technology | 562 | $322K | 0.1% | +27.7% |
| NEE NEXTERA ENERGY INC | Utilities | 2.6K | $243K | 0.1% | +3.0% |
| TJX TJX COMPANIES INC | Consumer discretionary | 1.4K | $227K | 0.1% | New |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 1.5K | $222K | 0.1% | New |
| SO SOUTHERN CO/THE | Utilities | 2.3K | $221K | 0.1% | -30.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 45 | $248.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 13, 2026 | 38 | $164.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 40 | $160.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 20 | $135.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 10, 2025 | 23 | $117.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 20 | $114.9M | canonical | SEC ↗ |