LFA - Lugano Financial Advisors SA
Long book
$196.6M
Q1 2026
Positions
223
Top-10 weight
56%
concentration
Last quarter
+6.2%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsLFA - Lugano Financial Advisors SA is a wealth-management firm allocating client money, running a $196.6M US long book across 223 positions.
The portfolio is concentrated: the top 10 names carry 56% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, ISHARES TRUST ISHARES ESG AW, SPDR GOLD SHARES, SCHWAB FNDMNTL EM MRK EQ ETF, ISHARES ESG AWARE 1-5 YEAR U.
Over the last 9 quarters its long book ran on average 1.3pp 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
+2.0%
Q2 2024
+5.3%
Q3 2024
+0.0%
Q4 2024
+0.2%
Q1 2025
+6.8%
Q2 2025
+5.6%
Q3 2025
+2.9%
Q4 2025
-0.7%
Q1 2026
+6.2%
Sector allocation
Technology 40%
Consumer discretionary 18%
Financials 11%
Industrials 9%
Healthcare 8%
Services media 5%
Consumer staples 4%
Utilities 2%
Long book by quarter
What does LFA - own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 11.6K | $2.4M | 1.2% | +1.0% |
| MSFT MICROSOFT CORP | Technology | 6.5K | $2.4M | 1.2% | +1.8% |
| AAPL APPLE INC | Technology | 3.8K | $975K | 0.5% | -15.4% |
| CAT CATERPILLAR INC | Industrials | 1.3K | $884K | 0.4% | Held |
| GOOG ALPHABET INC-CL C | Technology | 2.6K | $745K | 0.4% | -24.7% |
| GOOGL ALPHABET INC-CL A | Technology | 2.5K | $714K | 0.4% | +2.9% |
| NVDA NVIDIA CORP | Technology | 3.4K | $588K | 0.3% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 1.6K | $475K | 0.2% | Held |
| V VISA INC-CLASS A SHARES | Services media | 1.1K | $330K | 0.2% | Held |
| ABT ABBOTT LABORATORIES | Healthcare | 2.7K | $276K | 0.1% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 468 | $268K | 0.1% | Held |
| ABBV ABBVIE INC | Healthcare | 1.2K | $267K | 0.1% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 3.5K | $266K | 0.1% | Held |
| KKR KKR & CO INC | Financials | 2.9K | $264K | 0.1% | Held |
| RMD RESMED INC | Healthcare | 1.0K | $229K | 0.1% | Held |
| BX BLACKSTONE INC | Financials | 2.0K | $228K | 0.1% | Held |
| BAC BANK OF AMERICA CORP | Financials | 4.6K | $223K | 0.1% | Held |
| MA MASTERCARD INC - A | Services media | 418 | $209K | 0.1% | Held |
| AEP AMERICAN ELECTRIC POWER | Utilities | 1.4K | $185K | 0.1% | Held |
| XOM EXXON MOBIL CORP | Energy | 1.1K | $178K | 0.1% | Held |
| TSLA TESLA INC | Industrials | 476 | $177K | 0.1% | -5.9% |
| AVGO BROADCOM INC | Technology | 536 | $166K | 0.1% | Held |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 716 | $162K | 0.1% | Held |
| C CITIGROUP INC | Financials | 1.4K | $158K | 0.1% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 500 | $155K | 0.1% | Held |
| YUM YUM! BRANDS INC | Consumer discretionary | 970 | $151K | 0.1% | Held |
| MO ALTRIA GROUP INC | Consumer staples | 2.1K | $139K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 223 | $196.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 235 | $193.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 5, 2025 | 229 | $189.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 245 | $168.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 191 | $147.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 193 | $153.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 183 | $147.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 30, 2024 | 172 | $131.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 160 | $137.4M | canonical | SEC ↗ |