Hofer & Associates. Inc
Long book
$186.1M
Q1 2026
Positions
64
Top-10 weight
56%
concentration
Last quarter
+9.8%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsHofer & Associates. Inc is a wealth-management firm allocating client money, running a $186.1M US long book across 64 positions.
The portfolio is concentrated: the top 10 names carry 56% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR P S&P 500 GROWTH ETF, SS SPDR BB 1-3M T-BILL ETF, SS SPDR P S&P 500 VALUE ETF, VANGUARD GROWTH ETF, AMGEN INC.
Over the last 9 quarters its long book ran on average 1pp 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
+3.8%
Q2 2024
+5.8%
Q3 2024
+1.5%
Q4 2024
-2.2%
Q1 2025
+7.2%
Q2 2025
+5.7%
Q3 2025
+2.0%
Q4 2025
-2.3%
Q1 2026
+9.8%
Sector allocation
Technology 37%
Healthcare 24%
Financials 21%
Consumer discretionary 14%
Services media 2%
Energy 1%
Consumer staples 1%
Real estate 0%
Long book by quarter
What does Hofer & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMGN AMGEN INC | Healthcare | 27.3K | $9.6M | 5.2% | +0.6% |
| AAPL APPLE INC | Technology | 22.2K | $5.6M | 3.0% | -2.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 11.0K | $5.3M | 2.8% | +3.7% |
| NVDA NVIDIA CORP | Technology | 29.4K | $5.1M | 2.8% | -0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 13.1K | $2.7M | 1.5% | +7.1% |
| MSFT MICROSOFT CORP | Technology | 6.7K | $2.5M | 1.3% | +3.8% |
| JPM JPMORGAN CHASE & CO | Financials | 6.0K | $1.8M | 0.9% | +4.4% |
| WMT WALMART INC | Consumer discretionary | 11.4K | $1.4M | 0.8% | -2.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.4K | $1.4M | 0.7% | -2.2% |
| AVGO BROADCOM INC | Technology | 4.2K | $1.3M | 0.7% | 0.0% |
| ELV ELEVANCE HEALTH INC | Financials | 3.8K | $1.1M | 0.6% | +1.1% |
| META META PLATFORMS INC-CLASS A | Technology | 1.8K | $1.1M | 0.6% | +1.2% |
| SBUX STARBUCKS CORP | Consumer discretionary | 11.2K | $1.0M | 0.5% | -4.7% |
| ABBV ABBVIE INC | Healthcare | 3.2K | $701K | 0.4% | +2.1% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 4.3K | $514K | 0.3% | 0.0% |
| V VISA INC-CLASS A SHARES | Services media | 1.7K | $508K | 0.3% | +5.7% |
| GOOG ALPHABET INC-CL C | Technology | 1.7K | $488K | 0.3% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 5.6K | $437K | 0.2% | +1.3% |
| CVX CHEVRON CORP | Energy | 2.0K | $414K | 0.2% | +4.6% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 1.8K | $370K | 0.2% | +0.4% |
| BX BLACKSTONE INC | Financials | 3.0K | $350K | 0.2% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 1.1K | $324K | 0.2% | +6.6% |
| HCA HCA HEALTHCARE INC | Healthcare | 660 | $312K | 0.2% | Held |
| PEP PEPSICO INC | Consumer staples | 2.0K | $305K | 0.2% | +1.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.2K | $297K | 0.2% | +2.1% |
| GILD GILEAD SCIENCES INC | Healthcare | 1.9K | $269K | 0.1% | +1.3% |
| MCD MCDONALD'S CORP | Consumer discretionary | 826 | $257K | 0.1% | -5.7% |
| BAC BANK OF AMERICA CORP | Financials | 5.2K | $254K | 0.1% | +4.5% |
| MA MASTERCARD INC - A | Services media | 485 | $243K | 0.1% | +6.8% |
| ABT ABBOTT LABORATORIES | Healthcare | 2.2K | $226K | 0.1% | Held |
| MMI MARCUS & MILLICHAP INC | Real estate | 8.3K | $222K | 0.1% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 707 | $214K | 0.1% | +1.9% |
| PGR PROGRESSIVE CORP | Financials | 1.1K | $212K | 0.1% | +0.1% |
| UNH UNITEDHEALTH GROUP INC | Financials | 768 | $208K | 0.1% | -2.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 64 | $186.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 15, 2026 | 66 | $188.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 60 | $174.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 15, 2025 | 55 | $160.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 57 | $147.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 24, 2025 | 60 | $149.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2024 | 60 | $145.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 18, 2024 | 56 | $129.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 22, 2024 | 55 | $118.8M | canonical | SEC ↗ |