Phraction Management LLC
Long book
$385.3M
Q1 2026
Positions
64
Top-10 weight
51%
concentration
Last quarter
+14.5%
SPY +14.8%
Turnover
22%
of book per quarter
Strategy in plain words
auto-generated from filingsPhraction Management LLC is a diversified fundamental manager, running a $385.3M US long book across 64 positions.
The portfolio is concentrated: the top 10 names carry 51% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: AMAZON.COM INC, ALPHABET INC-CL A, ANALOG DEVICES INC, MICROSOFT CORP, ASML HOLDING NV-NY REG SHS.
Over the last 9 quarters its long book ran on average 0.4pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.4%
Q2 2024
+4.6%
Q3 2024
+0.3%
Q4 2024
-1.3%
Q1 2025
+8.7%
Q2 2025
+7.3%
Q3 2025
+6.3%
Q4 2025
-0.6%
Q1 2026
+14.5%
Sector allocation
Technology 38%
Industrials 16%
Other 14%
Consumer discretionary 10%
Financials 6%
Services media 6%
Materials 3%
Utilities 3%
Long book by quarter
What does Phraction Management own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 143.4K | $29.9M | 7.8% | +15.5% |
| GOOGL ALPHABET INC-CL A | Technology | 89.2K | $25.6M | 6.7% | +0.1% |
| ADI ANALOG DEVICES INC | Technology | 76.6K | $24.4M | 6.3% | +0.7% |
| MSFT MICROSOFT CORP | Technology | 62.9K | $23.3M | 6.0% | +7.1% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 14.4K | $19.0M | 4.9% | +0.7% |
| GOOG ALPHABET INC-CL C | Technology | 57.9K | $16.6M | 4.3% | +0.9% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 32.4K | $15.9M | 4.1% | +4.7% |
| DHR DANAHER CORP | Technology | 79.8K | $15.1M | 3.9% | +21.3% |
| BAC 7.25 PERP L BANK OF AMERICA CORP | — | 12.2K | $14.6M | 3.8% | +16.0% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 61.0K | $13.8M | 3.6% | +0.1% |
| ENTG ENTEGRIS INC | Other | 106.5K | $12.5M | 3.2% | -0.9% |
| LIN LINDE PLC | Materials | 24.2K | $12.0M | 3.1% | +0.1% |
| SPGI S&P GLOBAL INC | Services media | 26.1K | $11.1M | 2.9% | +11.3% |
| RTX RTX CORP | Industrials | 57.3K | $11.0M | 2.9% | -11.5% |
| TDG TRANSDIGM GROUP INC | Industrials | 7.7K | $8.9M | 2.3% | +268.7% |
| V VISA INC-CLASS A SHARES | Services media | 29.2K | $8.8M | 2.3% | +42.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 18.0K | $8.6M | 2.2% | +2.8% |
| WMB WILLIAMS COS INC | Utilities | 110.5K | $8.0M | 2.1% | Held |
| WFC 7.5 PERP L WELLS FARGO & COMPANY | — | 6.4K | $7.4M | 1.9% | +26.2% |
| AMAT APPLIED MATERIALS INC | Technology | 21.5K | $7.3M | 1.9% | -21.4% |
| BDX BECTON DICKINSON AND CO | Healthcare | 46.3K | $7.3M | 1.9% | +2.8% |
| TDY TELEDYNE TECHNOLOGIES INC | Technology | 11.9K | $7.2M | 1.9% | +0.2% |
| TXN TEXAS INSTRUMENTS INC | Technology | 31.6K | $6.1M | 1.6% | -2.2% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 37.7K | $5.9M | 1.5% | +2.1% |
| BAC BANK OF AMERICA CORP | Financials | 114.0K | $5.6M | 1.4% | -35.0% |
| SNPS SYNOPSYS INC | Technology | 13.8K | $5.5M | 1.4% | +4.1% |
| LRCX LAM RESEARCH CORP | Industrials | 22.0K | $4.7M | 1.2% | -2.2% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 26.4K | $4.4M | 1.1% | +0.8% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 18.4K | $4.3M | 1.1% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 6.4K | $3.7M | 0.9% | +126.2% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 36.6K | $2.3M | 0.6% | New |
| PEP PEPSICO INC | Consumer staples | 14.7K | $2.3M | 0.6% | +6.9% |
| MKTW MARKETWISE INC | Technology | 98.3K | $1.8M | 0.5% | -12.3% |
| NVDA NVIDIA CORP | Technology | 8.0K | $1.4M | 0.4% | Held |
| BN BROOKFIELD CORP | Real estate | 30.2K | $1.2M | 0.3% | -32.8% |
| ETN EATON CORP PLC | Industrials | 3.2K | $1.2M | 0.3% | +48.3% |
| AAPL APPLE INC | Technology | 3.5K | $888K | 0.2% | 0.0% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 22.2K | $840K | 0.2% | +4.2% |
| ET ENERGY TRANSFER LP | Utilities | 68.7K | $795K | 0.2% | New |
| HD HOME DEPOT INC | Consumer discretionary | 1.2K | $406K | 0.1% | Held |
| NOC NORTHROP GRUMMAN CORP | Technology | 570 | $389K | 0.1% | -63.7% |
| SGHC SUPER GROUP SGHC LTD | Services media | 30.0K | $324K | 0.1% | Held |
| AVGO BROADCOM INC | Technology | 1.0K | $310K | 0.1% | Held |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 367 | $284K | 0.1% | Held |
| FE FIRSTENERGY CORP | Utilities | 4.6K | $232K | 0.1% | -84.1% |
| MARA MARA HOLDINGS INC | Financials | 25.0K | $204K | 0.1% | Held |
| SUIG SUI GROUP HOLDINGS LTD | Financials | 32.1K | $39K | 0.0% | Held |
| SBEV SPLASH BEVERAGE GROUP INC | Consumer staples | 70.0K | $25K | 0.0% | New |
| GUTS FRACTYL HEALTH INC | Healthcare | 41.0K | $19K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 24, 2026 | 65 | $482.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 67 | $375.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 9, 2025 | 66 | $346.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 21, 2025 | 73 | $312.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 74 | $298.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 71 | $285.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 69 | $282.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 1, 2024 | 67 | $273.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 63 | $259.9M | canonical | SEC ↗ |
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