Sound Income Strategies, LLC
Long book
$2.07B
Q1 2026
Positions
2596
Top-10 weight
21%
concentration
Last quarter
+8.5%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsSound Income Strategies, LLC is a mechanically diversified allocator, running a $2.07B US long book across 2596 positions.
The portfolio is broadly diversified across 2596 positions (top 10 only 21%). Turnover is modest: positions are typically held for years. Current anchor positions: HERCULES CAPITAL INC, ARES CAPITAL CORP, GOLUB CAPITAL BDC INC, SIXTH STREET SPECIALTY LENDI, BLUE OWL CAPITAL CORP.
Over the last 9 quarters its long book ran on average 2.2pp 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
-0.2%
Q2 2024
+6.6%
Q3 2024
-1.1%
Q4 2024
+0.6%
Q1 2025
+1.5%
Q2 2025
+3.1%
Q3 2025
+1.9%
Q4 2025
-0.4%
Q1 2026
+8.5%
Sector allocation
Other 35%
Financials 13%
Technology 12%
Healthcare 7%
Industrials 7%
Energy 6%
Services media 5%
Consumer staples 5%
Long book by quarter
What does Sound Income own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| HTGC HERCULES CAPITAL INC | — | 3.4M | $49.2M | 2.4% | +25.1% |
| ARCC ARES CAPITAL CORP | — | 2.7M | $47.2M | 2.3% | +1.8% |
| GBDC GOLUB CAPITAL BDC INC | — | 3.8M | $46.9M | 2.3% | +4.1% |
| TSLX SIXTH STREET SPECIALTY LENDI | — | 2.6M | $46.6M | 2.2% | +2.4% |
| OBDC BLUE OWL CAPITAL CORP | — | 4.0M | $42.8M | 2.1% | +5.2% |
| BXSL BLACKSTONE SECURED LENDING F | — | 1.7M | $40.1M | 1.9% | +9.1% |
| PFLT PENNANTPARK FLOATING RATE CA | — | 4.9M | $39.6M | 1.9% | +6.4% |
| C CITIGROUP INC | Financials | 249.2K | $28.7M | 1.4% | -7.5% |
| OMC OMNICOM GROUP | Services media | 355.5K | $26.7M | 1.3% | -7.6% |
| TTE TOTALENERGIES SE | Energy | 292.7K | $26.3M | 1.3% | -2.2% |
| AAPL APPLE INC | Technology | 93.2K | $23.8M | 1.2% | +1.9% |
| CSCO CISCO SYSTEMS INC | Technology | 303.8K | $23.7M | 1.1% | -0.5% |
| PFE PFIZER INC | Healthcare | 797.0K | $22.8M | 1.1% | -1.6% |
| PFG PRINCIPAL FINANCIAL GROUP | Financials | 243.9K | $22.0M | 1.1% | -0.1% |
| GEF/B GREIF INC-CL B | Industrials | 245.1K | $21.7M | 1.0% | -17.8% |
| ENB ENBRIDGE INC | Energy | 397.9K | $21.3M | 1.0% | -34.8% |
| MTB M & T BANK CORP | Financials | 99.5K | $20.8M | 1.0% | -0.8% |
| ABBV ABBVIE INC | Healthcare | 95.8K | $20.6M | 1.0% | -0.2% |
| CSWC CAPITAL SOUTHWEST CORP | — | 903.3K | $19.8M | 1.0% | +2.0% |
| AMCR AMCOR PLC | Other | 475.3K | $19.3M | 0.9% | New |
| CFG CITIZENS FINANCIAL GROUP | Financials | 296.2K | $17.9M | 0.9% | -3.0% |
| T AT&T INC | Communications | 631.1K | $17.9M | 0.9% | -4.8% |
| ES EVERSOURCE ENERGY | Utilities | 253.4K | $17.6M | 0.9% | -2.8% |
| SON SONOCO PRODUCTS CO | Other | 311.8K | $17.2M | 0.8% | -5.6% |
| TRIN TRINITY CAPITAL INC | — | 1.2M | $17.2M | 0.8% | +22.8% |
| PRGO PERRIGO CO PLC | Healthcare | 1.5M | $16.8M | 0.8% | +34.0% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 65.3K | $15.9M | 0.8% | +1.9% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 154.8K | $15.2M | 0.7% | -2.9% |
| NVDA NVIDIA CORP | Technology | 83.8K | $14.7M | 0.7% | +5.1% |
| GOOGL ALPHABET INC-CL A | Technology | 47.1K | $14.0M | 0.7% | +0.5% |
| SMG SCOTTS MIRACLE-GRO CO | Other | 223.8K | $13.7M | 0.7% | -3.1% |
| DINO HF SINCLAIR CORP | Energy | 220.4K | $13.4M | 0.6% | -16.2% |
| OKE ONEOK INC | Utilities | 153.5K | $13.4M | 0.6% | -4.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 62.9K | $13.2M | 0.6% | +5.2% |
| CRBG COREBRIDGE FINANCIAL INC | Financials | 536.0K | $12.9M | 0.6% | +55.3% |
| BEN FRANKLIN RESOURCES INC | Financials | 546.1K | $12.9M | 0.6% | -2.2% |
| MSFT MICROSOFT CORP | Technology | 34.7K | $12.8M | 0.6% | +9.2% |
| RWAY RUNWAY GROWTH FINANCE CORP | — | 1.8M | $12.5M | 0.6% | +10.3% |
| PEP PEPSICO INC | Consumer staples | 80.6K | $12.5M | 0.6% | -2.2% |
| PFS PROVIDENT FINANCIAL SERVICES | Financials | 575.2K | $12.2M | 0.6% | -3.3% |
| HAS HASBRO INC | Other | 136.2K | $12.2M | 0.6% | -18.6% |
| ACN ACCENTURE PLC-CL A | Services media | 61.5K | $12.1M | 0.6% | +11510.0% |
| AVA AVISTA CORP | Utilities | 294.1K | $12.0M | 0.6% | +60.1% |
| VLO VALERO ENERGY CORP | Energy | 44.4K | $10.7M | 0.5% | -0.5% |
| META META PLATFORMS INC-CLASS A | Technology | 18.5K | $10.7M | 0.5% | +4.3% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 86.9K | $10.5M | 0.5% | +5.2% |
| TSLA TESLA INC | Industrials | 25.7K | $9.8M | 0.5% | +3.8% |
| VTRS VIATRIS INC | Healthcare | 647.3K | $8.8M | 0.4% | +3.9% |
| SWK STANLEY BLACK & DECKER INC | Industrials | 123.3K | $8.8M | 0.4% | +3.3% |
| SJM JM SMUCKER CO/THE | Consumer staples | 90.0K | $8.6M | 0.4% | +346226.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 2596 | $2.07B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 2516 | $2.11B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 10, 2025 | 1701 | $1.83B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 17, 2025 | 1609 | $1.74B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 17, 2025 | 1558 | $1.69B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 21, 2025 | 1478 | $1.62B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 10, 2024 | 1409 | $1.55B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 12, 2024 | 1385 | $1.60B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 15, 2024 | 1349 | $1.34B | canonical | SEC ↗ |
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