Madrid Financial Services
Long book
$169.4M
Q1 2026
Positions
26
Top-10 weight
72%
concentration
Last quarter
+18.6%
SPY +18.6%
Turnover
41%
of book per quarter
Strategy in plain words
auto-generated from filingsMadrid Financial Services is a wealth-management firm allocating client money, specialised in consumer_discretionary (64% of the long book), running a $169.4M US long book across 26 positions.
The portfolio is concentrated: the top 10 names carry 72% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: GLOBAL X MLP ETF, ISHARES CORE 60/40 BALANCED, VANECK GOLD MINERS ETF, SS SPDR P S&P 500 VALUE ETF, SS SPDR S&P OG EXP & PROD.
Over the last 6 quarters its long book ran on average 1.5pp per quarter ahead of the S&P 500, beating the index in 2 of 6 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
Q4 2024
+4.4%
Q1 2025
+4.2%
Q2 2025
+5.7%
Q3 2025
+2.0%
Q4 2025
+5.8%
Q1 2026
+18.6%
Sector allocation
Consumer discretionary 64%
Technology 36%
Long book by quarter
What does Madrid Financial own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 26 | $169.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Aug 18, 2026 | 20 | $139.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Aug 18, 2026 | 24 | $159.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 18, 2026 | 24 | $147.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Aug 18, 2026 | 17 | $137.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Aug 18, 2026 | 20 | $125.9M | canonical | SEC ↗ |