REX Advisers, LLC
Long book
$17.1M
Q1 2026
Positions
16
Top-10 weight
77%
concentration
Last quarter
+4.7%
SPY +14.8%
Turnover
100%
of book per quarter
Strategy in plain words
auto-generated from filingsREX Advisers, LLC is a concentrated fundamental stock-picker, specialised in technology (67% of the long book), running a $17.1M US long book across 16 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: RED CAT HOLDINGS INC, FIREFLY AEROSPACE INC, LUMENTUM HOLDINGS INC, AFFIRM HOLDINGS INC, FASTLY INC - CLASS A.
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
Q4 2025
+4.2%
Q1 2026
+4.7%
Sector allocation
Technology 67%
Financials 17%
Industrials 5%
Other 4%
Utilities 4%
Energy 4%
Long book by quarter
What does REX Advisers, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| RCAT RED CAT HOLDINGS INC | Technology | 496.7K | $6.5M | 38.0% | New |
| FLY FIREFLY AEROSPACE INC | Industrials | 29.4K | $837K | 4.9% | New |
| LITE LUMENTUM HOLDINGS INC | Technology | 1.1K | $773K | 4.5% | New |
| AFRM AFFIRM HOLDINGS INC | Financials | 16.7K | $765K | 4.5% | New |
| FSLY FASTLY INC - CLASS A | Technology | 25.8K | $750K | 4.4% | New |
| LMND LEMONADE INC | Financials | 11.6K | $727K | 4.2% | New |
| NBIS NEBIUS GROUP NV | Technology | 7.0K | $726K | 4.2% | New |
| UPST UPSTART HOLDINGS INC | Financials | 28.3K | $726K | 4.2% | New |
| APLD APPLIED DIGITAL CORP | Technology | 29.8K | $707K | 4.1% | New |
| SEDG SOLAREDGE TECHNOLOGIES INC | Technology | 13.7K | $699K | 4.1% | New |
| COHR COHERENT CORP | Other | 2.9K | $691K | 4.0% | New |
| WULF TERAWULF INC | Financials | 47.8K | $690K | 4.0% | New |
| VG VENTURE GLOBAL INC-CL A | Utilities | 41.3K | $651K | 3.8% | New |
| SOC SABLE OFFSHORE CORP | Energy | 38.6K | $638K | 3.7% | New |
| PL PLANET LABS PBC | Technology | 22.6K | $632K | 3.7% | New |
| AAOI APPLIED OPTOELECTRONICS INC | Technology | 7.3K | $618K | 3.6% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 16, 2026 | 74 | $33.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 20, 2026 | 78 | $23.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-NT | Jan 2, 2026 | — | $0 | SEC ↗ | |
| Q3 2025 | 13F-NT | Oct 2, 2025 | — | $0 | SEC ↗ | |
| Q2 2025 | 13F-NT | Jul 1, 2025 | — | $0 | SEC ↗ | |
| Q1 2025 | 13F-NT | Apr 1, 2025 | — | $0 | SEC ↗ | |
| Q4 2024 | 13F-NT | Jan 3, 2025 | — | $0 | SEC ↗ |