Intelligent Financial Strategies
Long book
$191.9M
Q1 2026
Positions
62
Top-10 weight
82%
concentration
Last quarter
+10.1%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsIntelligent Financial Strategies is a wealth-management firm allocating client money, specialised in financials (83% of the long book), running a $191.9M US long book across 62 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, VANGUARD S&P 500 ETF, VANGUARD TOT WORLD STK ETF, VANGUARD TOTAL STOCK MKT ETF, VANGUARD TOTAL INTL STOCK.
Over the last 9 quarters its long book ran on average 1.1pp 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
-0.0%
Q2 2024
+9.4%
Q3 2024
+0.1%
Q4 2024
+6.6%
Q1 2025
-0.8%
Q2 2025
+5.8%
Q3 2025
+2.1%
Q4 2025
-2.8%
Q1 2026
+10.1%
Sector allocation
Financials 82%
Technology 9%
Services media 4%
Consumer discretionary 2%
Consumer staples 1%
Industrials 1%
Healthcare 0%
Energy 0%
Long book by quarter
What does Intelligent Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 122.3K | $58.6M | 30.5% | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 7 | $5.0M | 2.6% | Held |
| AAPL APPLE INC | Technology | 11.8K | $3.0M | 1.6% | Held |
| GOOG ALPHABET INC-CL C | Technology | 9.3K | $2.7M | 1.4% | Held |
| MA MASTERCARD INC - A | Services media | 3.2K | $1.6M | 0.8% | Held |
| MSFT MICROSOFT CORP | Technology | 3.8K | $1.4M | 0.7% | Held |
| V VISA INC-CLASS A SHARES | Services media | 4.6K | $1.4M | 0.7% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.2K | $1.2M | 0.6% | Held |
| HSY HERSHEY CO/THE | Consumer staples | 2.1K | $442K | 0.2% | Held |
| UNP UNION PACIFIC CORP | Industrials | 1.8K | $436K | 0.2% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 978 | $304K | 0.2% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 934 | $228K | 0.1% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.0K | $208K | 0.1% | Held |
| PEP PEPSICO INC | Consumer staples | 783 | $122K | 0.1% | Held |
| AMAT APPLIED MATERIALS INC | Technology | 349 | $119K | 0.1% | Held |
| CMI CUMMINS INC | Industrials | 195 | $105K | 0.1% | Held |
| XOM EXXON MOBIL CORP | Energy | 600 | $102K | 0.1% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 470 | $78K | 0.0% | Held |
| FAST FASTENAL CO | Consumer discretionary | 1.4K | $66K | 0.0% | Held |
| RSG REPUBLIC SERVICES INC | Utilities | 166 | $36K | 0.0% | Held |
| IDXX IDEXX LABORATORIES INC | Materials | 50 | $28K | 0.0% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 319 | $24K | 0.0% | Held |
| CL COLGATE-PALMOLIVE CO | Other | 273 | $23K | 0.0% | Held |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 280 | $16K | 0.0% | Held |
| MET METLIFE INC | Financials | 200 | $14K | 0.0% | Held |
| PRU PRUDENTIAL FINANCIAL INC | Financials | 95 | $9K | 0.0% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 25 | $8K | 0.0% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 1 | $144 | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 28, 2026 | 62 | $191.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 72 | $207.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 73 | $205.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 85 | $188.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 24, 2025 | 82 | $191.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 31, 2025 | 80 | $180.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 81 | $181.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 25, 2024 | 82 | $162.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 29, 2024 | 85 | $161.2M | canonical | SEC ↗ |