MSA Advisors, LLC

Fundamental concentrated ★Highest signal CIK 1040410
League rank
#561
in Fundamental concentrated · #2692 overall
Long book
$332.7M
Q1 2026
Positions
50
Top-10 weight
89%
concentration
Last quarter
+12.9%
SPY +14.8%
Turnover
53%
of book per quarter

Strategy in plain words

auto-generated from filings

MSA Advisors, LLC is a concentrated fundamental stock-picker, running a $332.7M US long book across 50 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: APOLLO GLOBAL MANAGEMENT INC, SS SPDR S&P 500 ETF TRUST-US, STARBUCKS CORP, LIVE NATION ENTERTAINMENT IN, ALPHABET INC-CL C.

Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+2.7%
Q2 2024
+7.3%
Q3 2024
+12.9%
Q4 2024
-9.0%
Q1 2025
+9.1%
Q2 2025
+2.6%
Q3 2025
+3.4%
Q4 2025
-11.2%
Q1 2026
+12.9%

Sector allocation

Financials
43%
Technology
30%
Consumer discretionary
12%
Services media
11%
Healthcare
2%
Communications
1%
Industrials
0%
Other
0%

Long book by quarter

$334.0M
Q1 2024
$348.8M
Q2 2024
$387.6M
Q3 2024
$399.8M
Q4 2024
$390.5M
Q1 2025
$398.7M
Q2 2025
$400.2M
Q3 2025
$399.4M
Q4 2025
$332.7M
Q1 2026

What does MSA Advisors, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
APO APOLLO GLOBAL MANAGEMENT INCFinancials863.8K$96.2M28.9%+0.5%
SBUX STARBUCKS CORPConsumer discretionary344.1K$30.8M9.3%Held
LYV LIVE NATION ENTERTAINMENT INServices media186.6K$28.5M8.6%+26.1%
GOOG ALPHABET INC-CL CTechnology86.5K$24.8M7.5%-4.7%
AAPL APPLE INCTechnology92.0K$23.3M7.0%+29.3%
MSFT MICROSOFT CORPTechnology38.6K$14.3M4.3%+7.0%
META META PLATFORMS INC-CLASS ATechnology24.3K$13.9M4.2%-0.1%
JPM JPMORGAN CHASE & COFinancials30.4K$8.9M2.7%+11.2%
TPG TPG INCFinancials169.5K$6.9M2.1%Held
LLY ELI LILLY & COHealthcare6.2K$5.7M1.7%+149.9%
MSTR STRATEGY INCFinancials32.3K$4.0M1.2%New
SPOT SPOTIFY TECHNOLOGY SACommunications5.0K$2.4M0.7%+17.1%
SHOP SHOPIFY INC - CLASS ATechnology19.5K$2.3M0.7%New
DIS WALT DISNEY CO/THEServices media17.2K$1.7M0.5%-39.9%
NVDA NVIDIA CORPTechnology8.2K$1.4M0.4%+274.2%
KLAR KLARNA GROUP PLCFinancials99.8K$1.4M0.4%Held
BAC BANK OF AMERICA CORPFinancials22.4K$1.1M0.3%+12.2%
UBER UBER TECHNOLOGIES INCServices media14.9K$1.1M0.3%New
BODI BEACHBODY CO INC/THEConsumer discretionary90.1K$978K0.3%Held
PLTR PALANTIR TECHNOLOGIES INC-ATechnology6.4K$939K0.3%New
TSLA TESLA INCIndustrials2.1K$795K0.2%New
CMCSA COMCAST CORP-CLASS ACommunications23.0K$660K0.2%Held
AMZN AMAZON.COM INCConsumer discretionary2.4K$489K0.1%+26.3%
NKE NIKE INC -CL BOther7.1K$373K0.1%Held
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials766$367K0.1%+61.3%
CAI CARIS LIFE SCIENCES INCHealthcare19.2K$343K0.1%Held
DELL DELL TECHNOLOGIES -CTechnology1.5K$242K0.1%New
COKE COCA-COLA CONSOLIDATED INCConsumer staples1.2K$234K0.1%New
OKLO OKLO INCUtilities4.6K$227K0.1%New
BWXT BWX TECHNOLOGIES INCIndustrials947$194K0.1%New
NET CLOUDFLARE INC - CLASS ATechnology895$185K0.1%New
RKT ROCKET COS INC-CLASS AFinancials11.6K$166K0.0%New
TKO TKO GROUP HOLDINGS INCServices media821$166K0.0%New
PINS PINTEREST INC- CLASS ATechnology8.2K$150K0.0%New
BIRK BIRKENSTOCK HOLDING PLCOther4.1K$147K0.0%Held
SATL SATELLOGIC INC-ATechnology26.3K$143K0.0%New
TTWO TAKE-TWO INTERACTIVE SOFTWRETechnology706$139K0.0%New
S SENTINELONE INC -CLASS ATechnology10.7K$138K0.0%Held
PTON PELOTON INTERACTIVE INC-AOther18.2K$78K0.0%New
GRAB GRAB HOLDINGS LTD - CL AServices media16.9K$62K0.0%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 18, 202650$332.7M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202631$399.4M canonicalSEC ↗
Q3 202513F-HRNov 14, 202530$400.2M canonicalSEC ↗
Q2 202513F-HRAug 14, 202528$398.7M canonicalSEC ↗
Q1 202513F-HRMay 12, 202530$390.5M canonicalSEC ↗
Q4 202413F-HRFeb 12, 202531$399.8M canonicalSEC ↗
Q3 202413F-HRNov 13, 202429$387.6M canonicalSEC ↗
Q2 202413F-HRAug 9, 202427$348.8M canonicalSEC ↗
Q1 202413F-HRMay 14, 202423$334.0M canonicalSEC ↗