Jacobsen Capital Management
Long book
$296.1M
Q1 2026
Positions
124
Top-10 weight
69%
concentration
Last quarter
+13.9%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsJacobsen Capital Management is a wealth-management firm allocating client money, running a $296.1M US long book across 124 positions.
The portfolio is concentrated: the top 10 names carry 69% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD FTSE DEVELOPED ETF, VANGUARD GROWTH ETF, VANGUARD VALUE ETF, VANGUARD SMALL-CAP VALUE ETF, VANGUARD SMALL-CAP GRWTH ETF.
Over the last 9 quarters its long book ran on average 0pp per quarter ahead of the S&P 500, beating the index in 5 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
+2.9%
Q2 2024
+6.5%
Q3 2024
-0.4%
Q4 2024
-2.3%
Q1 2025
+11.1%
Q2 2025
+7.7%
Q3 2025
+3.7%
Q4 2025
-2.4%
Q1 2026
+13.9%
Sector allocation
Technology 50%
Consumer discretionary 10%
Industrials 9%
Financials 9%
Healthcare 7%
Services media 5%
Energy 3%
Other 2%
Long book by quarter
What does Jacobsen Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 34.4K | $8.7M | 3.0% | -0.1% |
| NVDA NVIDIA CORP | Technology | 49.3K | $8.6M | 2.9% | +0.3% |
| MSFT MICROSOFT CORP | Technology | 15.1K | $5.6M | 1.9% | -4.3% |
| GOOGL ALPHABET INC-CL A | Technology | 17.5K | $5.0M | 1.7% | -6.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 18.9K | $3.9M | 1.3% | -0.6% |
| AVGO BROADCOM INC | Technology | 9.6K | $3.0M | 1.0% | +2.0% |
| META META PLATFORMS INC-CLASS A | Technology | 4.3K | $2.5M | 0.8% | +4.9% |
| GOOG ALPHABET INC-CL C | Technology | 7.8K | $2.2M | 0.8% | +0.6% |
| TSLA TESLA INC | Industrials | 5.8K | $2.1M | 0.7% | +0.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 3.4K | $1.6M | 0.6% | +2.7% |
| JPM JPMORGAN CHASE & CO | Financials | 5.3K | $1.6M | 0.5% | Held |
| V VISA INC-CLASS A SHARES | Services media | 5.0K | $1.5M | 0.5% | -7.0% |
| LLY ELI LILLY & CO | Healthcare | 1.5K | $1.4M | 0.5% | +0.1% |
| XOM EXXON MOBIL CORP | Energy | 7.8K | $1.3M | 0.4% | -0.8% |
| WMT WALMART INC | Consumer discretionary | 9.5K | $1.2M | 0.4% | +0.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.7K | $1.2M | 0.4% | 0.0% |
| MA MASTERCARD INC - A | Services media | 2.2K | $1.1M | 0.4% | +0.2% |
| MU MICRON TECHNOLOGY INC | Technology | 2.6K | $868K | 0.3% | -5.0% |
| HD HOME DEPOT INC | Consumer discretionary | 2.5K | $811K | 0.3% | -5.4% |
| ABBV ABBVIE INC | Healthcare | 3.6K | $790K | 0.3% | 0.0% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 1.6K | $780K | 0.3% | -3.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 778 | $775K | 0.3% | +4.7% |
| AMD ADVANCED MICRO DEVICES | Technology | 3.8K | $768K | 0.3% | -0.2% |
| APH AMPHENOL CORP-CL A | Technology | 5.8K | $729K | 0.2% | -17.2% |
| NFLX NETFLIX INC | Services media | 7.6K | $727K | 0.2% | +3.2% |
| RTX RTX CORP | Industrials | 3.6K | $691K | 0.2% | -2.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 4.5K | $657K | 0.2% | +2.7% |
| BKNG BOOKING HOLDINGS INC | Industrials | 155 | $653K | 0.2% | +4.0% |
| GE GENERAL ELECTRIC | Industrials | 2.2K | $637K | 0.2% | -1.4% |
| SPGI S&P GLOBAL INC | Services media | 1.5K | $627K | 0.2% | -7.9% |
| CSCO CISCO SYSTEMS INC | Technology | 8.0K | $622K | 0.2% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 7.9K | $601K | 0.2% | +0.3% |
| TJX TJX COMPANIES INC | Consumer discretionary | 3.7K | $597K | 0.2% | +2.5% |
| PACS PACS GROUP INC | Healthcare | 18.1K | $582K | 0.2% | +1.6% |
| MRK MERCK & CO. INC. | Healthcare | 4.8K | $572K | 0.2% | +1.0% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 3.9K | $564K | 0.2% | -8.2% |
| CAT CATERPILLAR INC | Industrials | 778 | $551K | 0.2% | -5.5% |
| BAC BANK OF AMERICA CORP | Financials | 11.2K | $548K | 0.2% | +0.5% |
| CVX CHEVRON CORP | Energy | 2.6K | $540K | 0.2% | +3.5% |
| LRCX LAM RESEARCH CORP | Industrials | 2.5K | $526K | 0.2% | -9.8% |
| GEV GE VERNOVA INC | Industrials | 601 | $525K | 0.2% | -4.1% |
| AMAT APPLIED MATERIALS INC | Technology | 1.5K | $518K | 0.2% | +1.0% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 1.6K | $516K | 0.2% | -0.6% |
| WFC WELLS FARGO & CO | Financials | 6.2K | $493K | 0.2% | -0.6% |
| ORCL ORACLE CORP | Technology | 3.3K | $484K | 0.2% | +19.3% |
| NEE NEXTERA ENERGY INC | Utilities | 5.0K | $462K | 0.2% | 0.0% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 1.8K | $440K | 0.1% | -5.0% |
| T AT&T INC | Communications | 14.8K | $430K | 0.1% | +3.0% |
| WMB WILLIAMS COS INC | Utilities | 5.9K | $430K | 0.1% | -0.2% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 2.6K | $427K | 0.1% | +1.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 24, 2026 | 124 | $296.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 121 | $306.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 27, 2025 | 121 | $295.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 30, 2025 | 116 | $271.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 100 | $230.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 24, 2025 | 95 | $234.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 102 | $237.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 97 | $223.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 25, 2024 | 92 | $215.6M | canonical | SEC ↗ |