KWB Wealth
Long book
$1.01B
Q1 2026
Positions
166
Top-10 weight
50%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsKWB Wealth is a wealth-management firm allocating client money, running a $1.01B US long book across 166 positions.
The portfolio is moderately concentrated (top 10 ≈ 50% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR P S&P 500 GROWTH ETF, SS SPDR P S&P 500 VALUE ETF, STE STR SPDR PT S&P 500 ETF, ISHRS US E F R A ETF-USD INC, STE STR SPDR PT DW EU ETF.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 4 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
+1.9%
Q2 2024
+6.2%
Q3 2024
-0.2%
Q4 2024
-1.5%
Q1 2025
+8.8%
Q2 2025
+6.3%
Q3 2025
+2.7%
Q4 2025
-1.6%
Q1 2026
+11.3%
Sector allocation
Financials 35%
Technology 29%
Consumer discretionary 11%
Other 8%
Industrials 6%
Utilities 4%
Healthcare 3%
Consumer staples 1%
Long book by quarter
What does KWB Wealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LPLA LPL FINANCIAL HOLDINGS INC | Financials | 28.6K | $10.2M | 1.0% | Held |
| MSFT MICROSOFT CORP | Technology | 11.0K | $5.3M | 0.5% | -3.1% |
| AAPL APPLE INC | Technology | 15.9K | $4.3M | 0.4% | -5.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 25.8K | $3.7M | 0.4% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 8.9K | $3.3M | 0.3% | -8.4% |
| NVDA NVIDIA CORP | Technology | 10.2K | $1.9M | 0.2% | Held |
| WMT WALMART INC | Consumer discretionary | 16.7K | $1.9M | 0.2% | -11.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 2.1K | $1.8M | 0.2% | +3.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.1K | $1.1M | 0.1% | +1.1% |
| TSLA TESLA INC | Industrials | 1.9K | $872K | 0.1% | +18.4% |
| EIX EDISON INTERNATIONAL | Utilities | 13.4K | $806K | 0.1% | +3.3% |
| HD HOME DEPOT INC | Consumer discretionary | 2.3K | $785K | 0.1% | Held |
| BAC BANK OF AMERICA CORP | Financials | 10.7K | $588K | 0.1% | Held |
| V VISA INC-CLASS A SHARES | Services media | 1.7K | $580K | 0.1% | -31.9% |
| AMAT APPLIED MATERIALS INC | Technology | 2.0K | $521K | 0.1% | Held |
| WFC WELLS FARGO & CO | Financials | 5.2K | $485K | 0.0% | -40.1% |
| BA BOEING CO/THE | Industrials | 2.2K | $479K | 0.0% | +1.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 8, 2026 | 166 | $1.01B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 12, 2026 | 175 | $1.06B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 8, 2025 | 147 | $904.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 17, 2025 | 156 | $822.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 10, 2025 | 149 | $828.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 14, 2025 | 141 | $806.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 7, 2024 | 132 | $767.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 24, 2024 | 129 | $727.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 19, 2024 | 129 | $743.1M | canonical | SEC ↗ |