Joule Financial, LLC
Long book
$343.3M
Q1 2026
Positions
114
Top-10 weight
72%
concentration
Last quarter
+8.1%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsJoule Financial, LLC is a wealth-management firm allocating client money, running a $343.3M US long book across 114 positions.
The portfolio is concentrated: the top 10 names carry 72% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD TOTAL BOND MARKET, INVESCO S&P 500 EQUAL WEIGHT, ISHARES 7-10 YEAR TREASURY B, ISHR IBX USD INVGD CB ETF-UI, SCHWAB US DVD EQUITY ETF.
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
+7.2%
Q3 2024
-1.2%
Q4 2024
+1.0%
Q1 2025
+5.9%
Q2 2025
+6.6%
Q3 2025
+1.5%
Q4 2025
+1.5%
Q1 2026
+8.1%
Sector allocation
Technology 31%
Industrials 23%
Services media 9%
Financials 9%
Healthcare 8%
Consumer discretionary 7%
Energy 4%
Consumer staples 3%
Long book by quarter
What does Joule Financial, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PAYS PAYSIGN INC | Services media | 614.2K | $3.6M | 1.1% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 12.2K | $3.5M | 1.0% | -3.1% |
| AAPL APPLE INC | Technology | 8.1K | $2.0M | 0.6% | +54.2% |
| CSCO CISCO SYSTEMS INC | Technology | 25.5K | $2.0M | 0.6% | +2.6% |
| BE BLOOM ENERGY CORP- A | Industrials | 12.7K | $1.7M | 0.5% | -33.1% |
| CIEN CIENA CORP | Technology | 4.4K | $1.7M | 0.5% | -52.6% |
| TSLA TESLA INC | Industrials | 4.2K | $1.6M | 0.5% | -2.1% |
| SNOW SNOWFLAKE INC | Technology | 7.6K | $1.1M | 0.3% | +2.3% |
| XOM EXXON MOBIL CORP | Energy | 6.7K | $1.1M | 0.3% | +3.1% |
| CCJ CAMECO CORP | Materials | 10.3K | $1.1M | 0.3% | -0.5% |
| CMI CUMMINS INC | Industrials | 2.0K | $1.1M | 0.3% | -1.3% |
| PFE PFIZER INC | Healthcare | 36.3K | $1.0M | 0.3% | New |
| JPM JPMORGAN CHASE & CO | Financials | 3.3K | $985K | 0.3% | -6.1% |
| CAT CATERPILLAR INC | Industrials | 1.2K | $864K | 0.3% | -1.1% |
| KR KROGER CO | Consumer discretionary | 11.7K | $846K | 0.2% | +1.0% |
| DE DEERE & CO | Industrials | 1.4K | $794K | 0.2% | -1.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 5.5K | $788K | 0.2% | +1.6% |
| MSFT MICROSOFT CORP | Technology | 2.1K | $784K | 0.2% | -0.6% |
| CVX CHEVRON CORP | Energy | 3.7K | $759K | 0.2% | -0.2% |
| FSLR FIRST SOLAR INC | Technology | 3.8K | $757K | 0.2% | -3.9% |
| MDT MEDTRONIC PLC | Healthcare | 8.2K | $708K | 0.2% | 0.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.7K | $663K | 0.2% | -2.0% |
| BKR BAKER HUGHES CO | Industrials | 10.9K | $663K | 0.2% | -34.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 3.1K | $640K | 0.2% | -55.7% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 2.6K | $622K | 0.2% | -47.8% |
| RTX RTX CORP | Industrials | 3.2K | $620K | 0.2% | -1.1% |
| SPGI S&P GLOBAL INC | Services media | 1.2K | $524K | 0.2% | Held |
| GLW CORNING INC | Industrials | 3.8K | $520K | 0.2% | -8.8% |
| MRK MERCK & CO. INC. | Healthcare | 4.3K | $519K | 0.2% | -0.3% |
| EMR EMERSON ELECTRIC CO | Industrials | 3.9K | $507K | 0.1% | -1.3% |
| PRU PRUDENTIAL FINANCIAL INC | Financials | 5.1K | $501K | 0.1% | +0.6% |
| SNA SNAP-ON INC | Industrials | 1.4K | $497K | 0.1% | +29.0% |
| PEP PEPSICO INC | Consumer staples | 3.1K | $489K | 0.1% | +6.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 994 | $476K | 0.1% | +5.2% |
| TXN TEXAS INSTRUMENTS INC | Technology | 2.2K | $435K | 0.1% | -2.3% |
| KO COCA-COLA CO/THE | Consumer staples | 5.5K | $422K | 0.1% | -1.9% |
| OKLO OKLO INC | Utilities | 7.8K | $385K | 0.1% | -0.9% |
| NVDA NVIDIA CORP | Technology | 2.2K | $379K | 0.1% | +9.0% |
| UNP UNION PACIFIC CORP | Industrials | 1.5K | $374K | 0.1% | Held |
| ABBV ABBVIE INC | Healthcare | 1.7K | $371K | 0.1% | -0.6% |
| AXP AMERICAN EXPRESS CO | Financials | 1.2K | $364K | 0.1% | Held |
| FAST FASTENAL CO | Consumer discretionary | 7.3K | $341K | 0.1% | -0.9% |
| GRMN GARMIN LTD | Technology | 1.5K | $338K | 0.1% | -3.3% |
| ETN EATON CORP PLC | Industrials | 934 | $334K | 0.1% | -1.6% |
| ADM ARCHER-DANIELS-MIDLAND CO | Consumer staples | 4.3K | $315K | 0.1% | +0.3% |
| AFL AFLAC INC | Financials | 2.9K | $315K | 0.1% | Held |
| FITB FIFTH THIRD BANCORP | Financials | 6.7K | $311K | 0.1% | +0.7% |
| SYBT STOCK YARDS BANCORP INC | Financials | 4.6K | $309K | 0.1% | Held |
| LMT LOCKHEED MARTIN CORP | Industrials | 507 | $307K | 0.1% | -0.2% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 5.1K | $292K | 0.1% | +16.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 14, 2026 | 114 | $343.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 20, 2026 | 110 | $333.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 3, 2025 | 115 | $333.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 22, 2025 | 108 | $308.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 11, 2025 | 103 | $284.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 15, 2025 | 108 | $282.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 17, 2024 | 107 | $274.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ANEW HOLDINGS | Oct 17, 2024 | 102 | $246.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 65 | $37.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ANEW HOLDINGS | Oct 17, 2024 | 106 | $242.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 1, 2024 | 68 | $36.7M | canonical | SEC ↗ |