Pathstone Holdings, LLC
Long book
$25.14B
Q1 2026
Positions
2205
Top-10 weight
30%
concentration
Last quarter
+13.2%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsPathstone Holdings, LLC is a mechanically diversified allocator, running a $25.14B US long book across 2205 positions.
The portfolio is moderately concentrated (top 10 ≈ 30% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES CORE S&P 500 ETF, SS SPDR S&P 500 ETF TRUST-US, VANGUARD S&P 500 ETF, APPLE INC, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 0.7pp 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
+2.0%
Q2 2024
+6.4%
Q3 2024
+0.6%
Q4 2024
-2.9%
Q1 2025
+9.8%
Q2 2025
+6.0%
Q3 2025
+1.9%
Q4 2025
-2.5%
Q1 2026
+13.2%
Sector allocation
Technology 35%
Financials 14%
Industrials 11%
Consumer discretionary 9%
Services media 7%
Healthcare 7%
Consumer staples 4%
Other 3%
Long book by quarter
What does Pathstone Holdings, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 2.9M | $738.7M | 2.9% | +5.3% |
| MSFT MICROSOFT CORP | Technology | 1.7M | $641.3M | 2.6% | -2.7% |
| NVDA NVIDIA CORP | Technology | 3.4M | $597.3M | 2.4% | +0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.5M | $309.5M | 1.2% | -0.9% |
| GOOGL ALPHABET INC-CL A | Technology | 905.6K | $260.4M | 1.0% | -0.9% |
| KO COCA-COLA CO/THE | Consumer staples | 3.3M | $249.0M | 1.0% | +0.1% |
| GOOG ALPHABET INC-CL C | Technology | 853.0K | $244.7M | 1.0% | -1.2% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 285 | $204.7M | 0.8% | +1.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 403.8K | $193.5M | 0.8% | +0.8% |
| TSLA TESLA INC | Industrials | 504.7K | $187.6M | 0.7% | +4.6% |
| AVGO BROADCOM INC | Technology | 562.1K | $174.0M | 0.7% | +6.3% |
| META META PLATFORMS INC-CLASS A | Technology | 293.5K | $167.9M | 0.7% | +2.1% |
| JPM JPMORGAN CHASE & CO | Financials | 493.6K | $145.2M | 0.6% | +0.8% |
| DIS WALT DISNEY CO/THE | Services media | 1.4M | $132.6M | 0.5% | -1.2% |
| LLY ELI LILLY & CO | Healthcare | 115.5K | $106.2M | 0.4% | +1.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 392.0K | $95.8M | 0.4% | +6.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 94.2K | $93.8M | 0.4% | -1.7% |
| XOM EXXON MOBIL CORP | Energy | 536.6K | $91.0M | 0.4% | -1.0% |
| SLAB SILICON LABORATORIES INC | Technology | 425.0K | $88.5M | 0.4% | 0.0% |
| V VISA INC-CLASS A SHARES | Services media | 290.5K | $87.8M | 0.3% | -1.2% |
| NFLX NETFLIX INC | Services media | 892.2K | $85.8M | 0.3% | +7.1% |
| MA MASTERCARD INC - A | Services media | 155.6K | $77.8M | 0.3% | +1.8% |
| TJX TJX COMPANIES INC | Consumer discretionary | 465.3K | $74.3M | 0.3% | -4.1% |
| WMT WALMART INC | Consumer discretionary | 551.9K | $68.6M | 0.3% | -1.8% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 202.2K | $66.1M | 0.3% | -0.1% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 161.2K | $62.9M | 0.3% | -86.6% |
| CVX CHEVRON CORP | Energy | 281.1K | $58.2M | 0.2% | +4.1% |
| MRK MERCK & CO. INC. | Healthcare | 480.6K | $57.8M | 0.2% | +2.4% |
| HD HOME DEPOT INC | Consumer discretionary | 171.5K | $56.4M | 0.2% | -2.8% |
| KDP KEURIG DR PEPPER INC | Consumer staples | 2.1M | $56.4M | 0.2% | 0.0% |
| LRCX LAM RESEARCH CORP | Industrials | 262.4K | $56.1M | 0.2% | +2.4% |
| ABBV ABBVIE INC | Healthcare | 247.5K | $53.8M | 0.2% | +4.0% |
| MU MICRON TECHNOLOGY INC | Technology | 154.8K | $52.3M | 0.2% | -1.3% |
| ORCL ORACLE CORP | Technology | 330.1K | $48.6M | 0.2% | -0.5% |
| BAC BANK OF AMERICA CORP | Financials | 992.8K | $48.4M | 0.2% | -1.5% |
| GE GENERAL ELECTRIC | Industrials | 169.1K | $48.0M | 0.2% | +2.0% |
| AMAT APPLIED MATERIALS INC | Technology | 139.9K | $47.8M | 0.2% | +1.6% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 287.5K | $47.6M | 0.2% | +4.8% |
| EFOR EVERFORTH INC | Services media | 1.2M | $46.5M | 0.2% | +29.3% |
| CAT CATERPILLAR INC | Industrials | 64.8K | $45.9M | 0.2% | +1.5% |
| CSCO CISCO SYSTEMS INC | Technology | 578.4K | $44.9M | 0.2% | +1.2% |
| UBER UBER TECHNOLOGIES INC | Services media | 604.3K | $43.5M | 0.2% | -0.5% |
| GEV GE VERNOVA INC | Industrials | 48.6K | $42.4M | 0.2% | +2.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 279.5K | $40.4M | 0.2% | +0.5% |
| AMD ADVANCED MICRO DEVICES | Technology | 192.6K | $39.2M | 0.2% | +5.1% |
| GS GOLDMAN SACHS GROUP INC | Financials | 45.8K | $38.8M | 0.2% | +2.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 4659 | $25.14B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 4717 | $25.93B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 5208 | $26.17B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 4644 | $25.29B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 4716 | $23.07B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 5071 | $22.63B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 5053 | $22.61B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 5030 | $22.15B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 4993 | $21.46B | canonical | SEC ↗ |
Similar funds
VANGUARD CAPITAL MANAGEMENT LLCVANGUARD PORTFOLIO MANAGEMENT LLCPRICE T ROWE ASSOCIATES INC /MD/Bank of New York Mellon CorpLegal & General Group PlcVANGUARD FIDUCIARY TRUST CONuveen, LLCAmundiJANUS HENDERSON GROUP PLCAMERICAN CENTURY COMPANIES INCPRINCIPAL FINANCIAL GROUP INCVanguard Global Advisers, LLC