Lutz Financial Services LLC
Long book
$1.49B
Q1 2026
Positions
100
Top-10 weight
59%
concentration
Last quarter
+8.5%
SPY +14.8%
Turnover
2%
of book per quarter
Strategy in plain words
auto-generated from filingsLutz Financial Services LLC is a wealth-management firm allocating client money, specialised in technology (68% of the long book), running a $1.49B US long book across 100 positions.
The portfolio is concentrated: the top 10 names carry 59% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD S&P 500 ETF, SS SPDR P S&P 500 VALUE ETF, ISHARES CORE S&P MIDCAP ETF, VANGUARD TOTAL BOND MARKET, VANGUARD TAX-EXEMPT BOND ETF.
Over the last 9 quarters its long book ran on average 1.7pp 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
-0.1%
Q2 2024
+6.4%
Q3 2024
-0.6%
Q4 2024
-1.4%
Q1 2025
+4.7%
Q2 2025
+5.4%
Q3 2025
+2.1%
Q4 2025
-0.1%
Q1 2026
+8.5%
Sector allocation
Technology 68%
Financials 19%
Consumer discretionary 10%
Healthcare 3%
Long book by quarter
What does Lutz Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 10.3K | $1.8M | 0.1% | +0.3% |
| AAPL APPLE INC | Technology | 6.1K | $1.5M | 0.1% | +0.1% |
| MSFT MICROSOFT CORP | Technology | 3.1K | $1.1M | 0.1% | +2.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 3.5K | $719K | 0.0% | -7.2% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.0% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.4K | $647K | 0.0% | -71.0% |
| GOOGL ALPHABET INC-CL A | Technology | 2.1K | $618K | 0.0% | -1.6% |
| GOOG ALPHABET INC-CL C | Technology | 1.8K | $505K | 0.0% | -3.9% |
| META META PLATFORMS INC-CLASS A | Technology | 791 | $453K | 0.0% | -5.6% |
| AVGO BROADCOM INC | Technology | 1.4K | $425K | 0.0% | -6.3% |
| JPM JPMORGAN CHASE & CO | Financials | 1.4K | $417K | 0.0% | +3.1% |
| LLY ELI LILLY & CO | Healthcare | 342 | $315K | 0.0% | +5.2% |
| WMT WALMART INC | Consumer discretionary | 2.2K | $277K | 0.0% | +1.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 100 | $1.49B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 102 | $1.47B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 96 | $1.38B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 97 | $1.29B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 95 | $1.22B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 92 | $1.24B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 30, 2024 | 87 | $1.23B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 29, 2024 | 87 | $1.15B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 86 | $1.14B | canonical | SEC ↗ |