Kellett Wealth Advisors, LLC
Long book
$184.5M
Q1 2026
Positions
79
Top-10 weight
68%
concentration
Last quarter
+10.8%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsKellett Wealth Advisors, LLC is a wealth-management firm allocating client money, running a $184.5M US long book across 79 positions.
The portfolio is concentrated: the top 10 names carry 68% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, INNOVATOR U.S. EQUITY ULTRA, INVESCO INTERNATIONAL BUYBAC, SCHWAB US DVD EQUITY ETF, VANGUARD DIVIDEND APPREC ETF.
Over the last 9 quarters its long book ran on average 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
+1.1%
Q2 2024
+5.9%
Q3 2024
+1.2%
Q4 2024
-3.4%
Q1 2025
+7.8%
Q2 2025
+7.1%
Q3 2025
+2.3%
Q4 2025
-1.7%
Q1 2026
+10.8%
Sector allocation
Technology 33%
Other 23%
Consumer discretionary 13%
Financials 8%
Energy 6%
Healthcare 5%
Utilities 5%
Consumer staples 3%
Long book by quarter
What does Kellett Wealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PG PROCTER & GAMBLE CO/THE | Other | 58.8K | $8.5M | 4.6% | +8.4% |
| AAPL APPLE INC | Technology | 14.7K | $3.7M | 2.0% | +1.7% |
| MSFT MICROSOFT CORP | Technology | 6.6K | $2.4M | 1.3% | -11.1% |
| MCK MCKESSON CORP | Consumer discretionary | 2.3K | $2.0M | 1.1% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 9.3K | $1.9M | 1.0% | +3.1% |
| NVDA NVIDIA CORP | Technology | 9.8K | $1.7M | 0.9% | +6.8% |
| AVGO BROADCOM INC | Technology | 4.6K | $1.4M | 0.8% | +1.8% |
| GOOGL ALPHABET INC-CL A | Technology | 4.7K | $1.4M | 0.7% | +1.9% |
| XOM EXXON MOBIL CORP | Energy | 7.8K | $1.3M | 0.7% | +2.8% |
| DUK DUKE ENERGY CORP | Utilities | 9.4K | $1.2M | 0.7% | -1.0% |
| GOOG ALPHABET INC-CL C | Technology | 3.0K | $858K | 0.5% | +11.3% |
| JPM JPMORGAN CHASE & CO | Financials | 2.9K | $846K | 0.5% | +14.9% |
| ABBV ABBVIE INC | Healthcare | 3.3K | $724K | 0.4% | +4.5% |
| TSLA TESLA INC | Industrials | 1.8K | $678K | 0.4% | +23.1% |
| WMT WALMART INC | Consumer discretionary | 5.3K | $659K | 0.4% | +5.4% |
| ENB ENBRIDGE INC | Energy | 12.0K | $652K | 0.4% | -14.2% |
| V VISA INC-CLASS A SHARES | Services media | 2.1K | $628K | 0.3% | -11.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.4K | $588K | 0.3% | +14.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.1K | $546K | 0.3% | -78.7% |
| CTAS CINTAS CORP | Other | 3.2K | $537K | 0.3% | +0.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 1.8K | $496K | 0.3% | +5.0% |
| USB US BANCORP | Financials | 8.9K | $462K | 0.3% | +6.2% |
| PEP PEPSICO INC | Consumer staples | 2.7K | $424K | 0.2% | +9.1% |
| KO COCA-COLA CO/THE | Consumer staples | 5.4K | $410K | 0.2% | +8.8% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 1.6K | $383K | 0.2% | +24.4% |
| AFG AMERICAN FINANCIAL GROUP INC | Financials | 2.8K | $360K | 0.2% | +3.6% |
| MRK MERCK & CO. INC. | Healthcare | 2.8K | $339K | 0.2% | +12.5% |
| LLY ELI LILLY & CO | Healthcare | 343 | $315K | 0.2% | +0.6% |
| WMB WILLIAMS COS INC | Utilities | 4.2K | $306K | 0.2% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 3.9K | $301K | 0.2% | -1.6% |
| MO ALTRIA GROUP INC | Consumer staples | 4.2K | $280K | 0.2% | +4.4% |
| HD HOME DEPOT INC | Consumer discretionary | 850 | $280K | 0.2% | +12.3% |
| AXP AMERICAN EXPRESS CO | Financials | 907 | $274K | 0.1% | -17.3% |
| CVX CHEVRON CORP | Energy | 1.3K | $270K | 0.1% | New |
| META META PLATFORMS INC-CLASS A | Technology | 452 | $259K | 0.1% | Held |
| CAT CATERPILLAR INC | Industrials | 343 | $243K | 0.1% | New |
| PBA PEMBINA PIPELINE CORP | Energy | 5.4K | $242K | 0.1% | Held |
| ADI ANALOG DEVICES INC | Technology | 731 | $233K | 0.1% | -12.0% |
| WM WASTE MANAGEMENT INC | Utilities | 1.0K | $230K | 0.1% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 1.0K | $212K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 79 | $184.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 79 | $175.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 76 | $165.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 25, 2025 | 71 | $153.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 73 | $144.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 72 | $145.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2024 | 70 | $140.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 69 | $124.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 85 | $144.4M | canonical | SEC ↗ |