Horst & Graben Wealth Management LLC
Long book
$729.0M
Q1 2026
Positions
195
Top-10 weight
42%
concentration
Last quarter
+11.8%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsHorst & Graben Wealth Management LLC is a wealth-management firm allocating client money, running a $729.0M US long book across 195 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: STE STR SPDR PT S&P 500 ETF, ISHRS US E F R A ETF-USD INC, ISHARES S&P 500 GROWTH ETF, ISHARES S&P 500 VALUE ETF, SCHWAB US AGGREGATE BOND ETF.
Over the last 9 quarters its long book ran on average 0.7pp 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
+2.7%
Q2 2024
+6.2%
Q3 2024
-0.4%
Q4 2024
-1.6%
Q1 2025
+8.2%
Q2 2025
+6.8%
Q3 2025
+2.3%
Q4 2025
-1.7%
Q1 2026
+11.8%
Sector allocation
Technology 43%
Industrials 16%
Financials 11%
Consumer discretionary 8%
Other 6%
Energy 6%
Healthcare 3%
Consumer staples 3%
Long book by quarter
What does Horst & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 46.0K | $12.3M | 1.7% | +1.3% |
| NVDA NVIDIA CORP | Technology | 36.1K | $7.8M | 1.1% | +28.9% |
| TSLA TESLA INC | Industrials | 17.6K | $6.7M | 0.9% | +736.3% |
| CVX CHEVRON CORP | Energy | 21.2K | $3.9M | 0.5% | +0.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 12.9K | $3.4M | 0.5% | +86.6% |
| MSFT MICROSOFT CORP | Technology | 7.9K | $3.3M | 0.5% | +16.3% |
| AVGO BROADCOM INC | Technology | 6.3K | $2.6M | 0.4% | +78.9% |
| NKE NIKE INC -CL B | Other | 51.1K | $2.3M | 0.3% | +6.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 15.2K | $2.3M | 0.3% | -4.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 2.1K | $2.1M | 0.3% | +13.4% |
| CSCO CISCO SYSTEMS INC | Technology | 19.7K | $1.7M | 0.2% | +0.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 3.5K | $1.7M | 0.2% | Held |
| HASI HA SUSTAINABLE INFRASTRUCTUR | Financials | 38.9K | $1.6M | 0.2% | +0.1% |
| CAT CATERPILLAR INC | Industrials | 1.9K | $1.6M | 0.2% | +1.5% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 13.3K | $1.4M | 0.2% | +0.1% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 2 | $1.4M | 0.2% | Held |
| MKL MARKEL GROUP INC | Financials | 677 | $1.3M | 0.2% | -0.3% |
| ORCL ORACLE CORP | Technology | 7.3K | $1.3M | 0.2% | +4.2% |
| GS GOLDMAN SACHS GROUP INC | Financials | 1.2K | $1.2M | 0.2% | +1.2% |
| CMI CUMMINS INC | Industrials | 1.7K | $1.1M | 0.2% | +3.4% |
| JPM JPMORGAN CHASE & CO | Financials | 3.5K | $1.1M | 0.1% | +29.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.3K | $968K | 0.1% | +1.2% |
| META META PLATFORMS INC-CLASS A | Technology | 1.4K | $941K | 0.1% | +53.4% |
| SHOP SHOPIFY INC - CLASS A | Technology | 7.6K | $940K | 0.1% | +42.8% |
| MO ALTRIA GROUP INC | Consumer staples | 14.1K | $928K | 0.1% | +1.5% |
| GOOGL ALPHABET INC-CL A | Technology | 2.5K | $878K | 0.1% | +15.1% |
| GOOG ALPHABET INC-CL C | Technology | 2.3K | $818K | 0.1% | 0.0% |
| OKE ONEOK INC | Utilities | 9.3K | $812K | 0.1% | -0.1% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 4.7K | $764K | 0.1% | +3.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 195 | $729.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 179 | $662.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 16, 2025 | 179 | $654.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 173 | $604.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 161 | $557.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 24, 2025 | 155 | $561.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2024 | 154 | $557.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 151 | $523.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 22, 2024 | 144 | $491.3M | canonical | SEC ↗ |