Mason & Associates, LLC
Long book
$436.7M
Q1 2026
Positions
44
Top-10 weight
91%
concentration
Last quarter
+8.5%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsMason & Associates, LLC is a wealth-management firm allocating client money, running a $436.7M US long book across 44 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: ISHR CR UNVRSE USD BD ETF-UI, VANGUARD LARGE-CAP ETF, PIMCO MULTISECTOR BOND ACTV, ISHRS US E F R A ETF-USD INC, VANGUARD MID-CAP ETF.
Over the last 9 quarters its long book ran on average 1.1pp 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
+5.1%
Q2 2024
+5.9%
Q3 2024
-0.1%
Q4 2024
-1.1%
Q1 2025
+6.4%
Q2 2025
+5.6%
Q3 2025
+1.9%
Q4 2025
-1.9%
Q1 2026
+8.5%
Sector allocation
Utilities 30%
Technology 28%
Industrials 15%
Financials 14%
Consumer discretionary 7%
Energy 3%
Healthcare 3%
Long book by quarter
What does Mason & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 7.4K | $1.9M | 0.4% | Held |
| D DOMINION ENERGY INC | Utilities | 20.2K | $1.2M | 0.3% | -0.2% |
| SO SOUTHERN CO/THE | Utilities | 7.1K | $688K | 0.2% | New |
| CSX CSX CORP | Industrials | 16.5K | $678K | 0.2% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 1.6K | $512K | 0.1% | New |
| TFC TRUIST FINANCIAL CORP | Financials | 10.1K | $466K | 0.1% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 823 | $394K | 0.1% | +9.0% |
| DUK DUKE ENERGY CORP | Utilities | 2.7K | $350K | 0.1% | Held |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 2.7K | $265K | 0.1% | Held |
| XOM EXXON MOBIL CORP | Energy | 1.5K | $257K | 0.1% | New |
| LMT LOCKHEED MARTIN CORP | Industrials | 383 | $231K | 0.1% | New |
| IBM INTL BUSINESS MACHINES CORP | Technology | 932 | $226K | 0.1% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 744 | $219K | 0.1% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 3.4K | $206K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 44 | $436.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 39 | $439.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 41 | $398.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 30, 2025 | 41 | $398.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 11, 2025 | 39 | $347.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 15, 2025 | 39 | $334.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 37 | $326.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 16, 2024 | 36 | $304.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 80 | $131.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-NT | Apr 11, 2024 | — | $0 | SEC ↗ |