Penney Financial, LLC
Long book
$260.6M
Q1 2026
Positions
48
Top-10 weight
75%
concentration
Last quarter
+9.1%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsPenney Financial, LLC is a wealth-management firm allocating client money, running a $260.6M US long book across 48 positions.
The portfolio is concentrated: the top 10 names carry 75% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: GOLDMAN ACTIVEBETA US LC ETF, VANGUARD TOTAL STOCK MKT ETF, VANGUARD FTSE DEVELOPED ETF, ISHARES 0-3 MONTH TREASURY B, ISHARES CORE MSCI EAFE ETF.
Over the last 9 quarters its long book ran on average 1pp 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
+1.6%
Q2 2024
+6.5%
Q3 2024
+0.1%
Q4 2024
-1.6%
Q1 2025
+8.3%
Q2 2025
+5.9%
Q3 2025
+2.4%
Q4 2025
-1.0%
Q1 2026
+9.1%
Sector allocation
Technology 46%
Industrials 18%
Energy 16%
Utilities 10%
Consumer discretionary 9%
Long book by quarter
What does Penney Financial, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 8.9K | $2.3M | 0.9% | 0.0% |
| CVX CHEVRON CORP | Energy | 4.3K | $900K | 0.3% | -21.0% |
| LNG CHENIERE ENERGY INC | Utilities | 2.7K | $773K | 0.3% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 3.3K | $695K | 0.3% | +8.1% |
| MSFT MICROSOFT CORP | Technology | 1.9K | $689K | 0.3% | -1.5% |
| FLY FIREFLY AEROSPACE INC | Industrials | 22.8K | $649K | 0.2% | New |
| FDX FEDEX CORP | Industrials | 1.0K | $360K | 0.1% | -12.2% |
| GVA GRANITE CONSTRUCTION INC | Industrials | 2.6K | $317K | 0.1% | Held |
| XOM EXXON MOBIL CORP | Energy | 1.7K | $288K | 0.1% | -22.4% |
| GOOGL ALPHABET INC-CL A | Technology | 829 | $238K | 0.1% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 399 | $228K | 0.1% | +3.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 48 | $260.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 49 | $259.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 49 | $223.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 42 | $196.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 37 | $152.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 39 | $149.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Dec 31, 2024 | 36 | $146.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Dec 31, 2024 | 34 | $136.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Dec 31, 2024 | 33 | $135.4M | canonical | SEC ↗ |