JPL Wealth Management, LLC

Quant stat arb Low signal CIK 2010710
League rank
#102
in Quant stat arb · #3152 overall
Long book
$434.7M
Q1 2026
Positions
1554
Top-10 weight
28%
concentration
Last quarter
+12.3%
SPY +14.8%
Turnover
93%
of book per quarter

Strategy in plain words

auto-generated from filings

JPL Wealth Management, LLC is a quantitative fund whose holdings reflect models, not opinions, running a $434.7M US long book across 1554 positions.

The portfolio is moderately concentrated (top 10 ≈ 28% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: SCHWAB SHORT-TERM US TREAS, STE STR SPDR PT S&P 500 ETF, APPLE INC, BROADCOM INC, ISHRS US E F R A ETF-USD INC.

Over the last 8 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 3 of 8 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+2.1%
Q2 2024
+7.9%
Q4 2024
-1.5%
Q1 2025
+4.6%
Q2 2025
+6.5%
Q3 2025
+1.3%
Q4 2025
-1.9%
Q1 2026
+12.3%

Sector allocation

Technology
30%
Financials
16%
Consumer discretionary
12%
Industrials
12%
Healthcare
9%
Energy
8%
Services media
4%
Utilities
4%

Long book by quarter

$181.1M
Q1 2024
$204.2M
Q2 2024
$349.2M
Q4 2024
$350.6M
Q1 2025
$370.6M
Q2 2025
$421.3M
Q3 2025
$410.5M
Q4 2025
$434.7M
Q1 2026

What does JPL Wealth own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology48.9K$12.4M2.9%-0.9%
AVGO BROADCOM INCTechnology39.2K$12.1M2.8%-6.7%
GOOGL ALPHABET INC-CL ATechnology37.7K$10.8M2.5%-3.7%
UNH UNITEDHEALTH GROUP INCFinancials38.8K$10.5M2.4%-14.0%
CVX CHEVRON CORPEnergy42.6K$8.8M2.0%+0.2%
CAT CATERPILLAR INCIndustrials12.4K$8.8M2.0%-3.9%
XOM EXXON MOBIL CORPEnergy42.5K$7.2M1.7%+2.1%
MSFT MICROSOFT CORPTechnology19.3K$7.2M1.6%-1.9%
COST COSTCO WHOLESALE CORPConsumer discretionary6.5K$6.5M1.5%-2.0%
WMT WALMART INCConsumer discretionary48.8K$6.1M1.4%-3.8%
ABBV ABBVIE INCHealthcare26.9K$5.8M1.3%+0.3%
AMZN AMAZON.COM INCConsumer discretionary26.4K$5.5M1.3%+0.3%
GILD GILEAD SCIENCES INCHealthcare34.1K$4.7M1.1%+0.2%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials9.8K$4.7M1.1%-0.6%
NVDA NVIDIA CORPTechnology26.3K$4.6M1.1%+1.8%
JPM JPMORGAN CHASE & COFinancials14.7K$4.3M1.0%-2.7%
DE DEERE & COIndustrials7.6K$4.3M1.0%-2.7%
MA MASTERCARD INC - AServices media7.8K$3.9M0.9%+3.2%
NOC NORTHROP GRUMMAN CORPTechnology5.7K$3.9M0.9%-1.7%
DHI DR HORTON INCIndustrials27.0K$3.7M0.9%+0.2%
SO SOUTHERN CO/THEUtilities37.5K$3.6M0.8%+0.5%
IBM INTL BUSINESS MACHINES CORPTechnology14.8K$3.6M0.8%+0.6%
ORLY O'REILLY AUTOMOTIVE INCConsumer discretionary37.5K$3.5M0.8%-0.7%
AMGN AMGEN INCHealthcare9.7K$3.4M0.8%0.0%
PEP PEPSICO INCConsumer staples21.5K$3.3M0.8%-0.3%
ARES ARES MANAGEMENT CORP - AFinancials30.3K$3.3M0.8%-2.9%
EMR EMERSON ELECTRIC COIndustrials24.1K$3.2M0.7%+0.2%
MS MORGAN STANLEYFinancials17.5K$2.9M0.7%-1.4%
HD HOME DEPOT INCConsumer discretionary8.3K$2.7M0.6%+2.8%
PEG PUBLIC SERVICE ENTERPRISE GPUtilities30.7K$2.5M0.6%-0.9%
FNF FIDELITY NATIONAL FINANCIALFinancials49.8K$2.3M0.5%-2.8%
WAT WATERS CORPHealthcare7.5K$2.2M0.5%-2.3%
EQH EQUITABLE HOLDINGS INCFinancials52.5K$1.9M0.4%-3.3%
SPGI S&P GLOBAL INCServices media4.5K$1.9M0.4%-0.5%
NFLX NETFLIX INCServices media15.7K$1.5M0.3%+13.6%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology8.0K$1.2M0.3%+21.7%
META META PLATFORMS INC-CLASS ATechnology1.5K$845K0.2%+4.3%
GOOG ALPHABET INC-CL CTechnology2.9K$818K0.2%+14.5%
LLY ELI LILLY & COHealthcare751$690K0.2%-3.8%
ORCL ORACLE CORPTechnology4.5K$655K0.2%+3.6%
MAR MARRIOTT INTERNATIONAL -CL AServices media2.0K$650K0.1%+22.3%
FTNT FORTINET INCTechnology6.8K$560K0.1%+6.8%
TSLA TESLA INCIndustrials1.5K$545K0.1%+5.9%
ETN EATON CORP PLCIndustrials1.5K$532K0.1%+66.3%
TXN TEXAS INSTRUMENTS INCTechnology2.5K$489K0.1%+81.0%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HR/ARESTATEMENTMay 8, 20262172$434.7M canonicalSEC ↗
Q1 202613F-HRMay 8, 20262172$434.7M SEC ↗
Q4 202513F-HRFeb 12, 2026132$410.5M canonicalSEC ↗
Q3 202513F-HRNov 14, 20251716$421.3M canonicalSEC ↗
Q2 202513F-HRAug 14, 2025133$370.6M canonicalSEC ↗
Q1 202513F-HR/ARESTATEMENTMay 13, 2025131$350.6M canonicalSEC ↗
Q1 202513F-HRMay 6, 2025129$255.5M SEC ↗
Q4 202413F-HRFeb 10, 2025140$349.2M canonicalSEC ↗
Q2 202413F-HRAug 1, 2024104$204.2M canonicalSEC ↗
Q1 202413F-HRMay 10, 2024111$181.1M canonicalSEC ↗