STEPH & CO
Long book
$350.5M
Q1 2026
Positions
301
Top-10 weight
67%
concentration
Last quarter
+11.2%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsSTEPH & CO is a wealth-management firm allocating client money, running a $350.5M US long book across 301 positions.
The portfolio is concentrated: the top 10 names carry 67% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: JPMORGAN ACTIVE VALUE ETF, VANGUARD S&P 500 ETF, JPMORGAN ACTIVE GROWTH ETF, FIDELITY ENHANCED INTL ETF, ISHARES RUSSELL MID-CAP ETF.
Over the last 9 quarters its long book ran on average 0.8pp 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
+1.0%
Q2 2024
+6.6%
Q3 2024
+0.4%
Q4 2024
-2.1%
Q1 2025
+7.8%
Q2 2025
+6.8%
Q3 2025
+1.9%
Q4 2025
-0.9%
Q1 2026
+11.2%
Sector allocation
Financials 19%
Technology 19%
Industrials 15%
Healthcare 9%
Utilities 9%
Consumer discretionary 8%
Energy 8%
Other 6%
Long book by quarter
What does STEPH & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 11.1K | $2.8M | 0.8% | +0.3% |
| NIC NICOLET BANKSHARES INC | Financials | 8.8K | $1.3M | 0.4% | -2.2% |
| JPM JPMORGAN CHASE & CO | Financials | 4.0K | $1.2M | 0.3% | +0.1% |
| XOM EXXON MOBIL CORP | Energy | 5.7K | $962K | 0.3% | +0.1% |
| C CITIGROUP INC | Financials | 7.7K | $875K | 0.2% | +0.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 5.9K | $855K | 0.2% | +0.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 3.3K | $818K | 0.2% | +0.1% |
| WEC WEC ENERGY GROUP INC | Utilities | 6.9K | $801K | 0.2% | -1.4% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 4.7K | $777K | 0.2% | +0.3% |
| DUK DUKE ENERGY CORP | Utilities | 5.9K | $773K | 0.2% | -0.8% |
| WFC WELLS FARGO & CO | Financials | 9.5K | $755K | 0.2% | -3.7% |
| NVDA NVIDIA CORP | Technology | 4.1K | $719K | 0.2% | +2.3% |
| CSCO CISCO SYSTEMS INC | Technology | 9.2K | $711K | 0.2% | -1.5% |
| USB US BANCORP | Financials | 12.9K | $669K | 0.2% | +0.6% |
| CVX CHEVRON CORP | Energy | 3.2K | $663K | 0.2% | -13.6% |
| DGX QUEST DIAGNOSTICS INC | Healthcare | 3.3K | $638K | 0.2% | +0.6% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 12.3K | $617K | 0.2% | +0.5% |
| EXC EXELON CORP | Utilities | 11.9K | $585K | 0.2% | -0.3% |
| RRX REGAL REXNORD CORP | Industrials | 3.1K | $582K | 0.2% | -8.3% |
| UNP UNION PACIFIC CORP | Industrials | 2.3K | $560K | 0.2% | +0.4% |
| EOG EOG RESOURCES INC | Energy | 3.8K | $551K | 0.2% | +18.9% |
| RTX RTX CORP | Industrials | 2.8K | $545K | 0.2% | +0.5% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 2.6K | $536K | 0.2% | -0.3% |
| EVRG EVERGY INC | Utilities | 6.5K | $529K | 0.2% | +0.1% |
| NVT NVENT ELECTRIC PLC | Industrials | 4.3K | $512K | 0.1% | Held |
| SON SONOCO PRODUCTS CO | Other | 9.3K | $505K | 0.1% | +232.8% |
| SU SUNCOR ENERGY INC | Energy | 7.5K | $499K | 0.1% | +3.5% |
| ROST ROSS STORES INC | Consumer discretionary | 2.1K | $464K | 0.1% | +21.7% |
| GILD GILEAD SCIENCES INC | Healthcare | 3.3K | $458K | 0.1% | +1.0% |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 3.8K | $453K | 0.1% | -5.8% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 7.4K | $446K | 0.1% | +1.9% |
| DOX AMDOCS LTD | Technology | 6.6K | $432K | 0.1% | +242.9% |
| MSFT MICROSOFT CORP | Technology | 1.2K | $431K | 0.1% | -12.6% |
| PVH PVH CORP | Other | 5.8K | $406K | 0.1% | +37.1% |
| ARCB ARCBEST CORP | Industrials | 4.0K | $395K | 0.1% | +1.0% |
| CASY CASEY'S GENERAL STORES INC | Consumer discretionary | 533 | $388K | 0.1% | -4.7% |
| WMT WALMART INC | Consumer discretionary | 3.1K | $380K | 0.1% | Held |
| MGA MAGNA INTERNATIONAL INC | Industrials | 6.8K | $378K | 0.1% | +0.6% |
| PNR PENTAIR PLC | Industrials | 4.3K | $377K | 0.1% | Held |
| AIG AMERICAN INTERNATIONAL GROUP | Financials | 5.0K | $375K | 0.1% | +1.0% |
| UNH UNITEDHEALTH GROUP INC | Financials | 1.3K | $353K | 0.1% | +0.9% |
| INTC INTEL CORP | Technology | 7.7K | $342K | 0.1% | -17.9% |
| GOOG ALPHABET INC-CL C | Technology | 1.2K | $333K | 0.1% | +1.6% |
| GOOGL ALPHABET INC-CL A | Technology | 949 | $273K | 0.1% | +1.9% |
| ABBV ABBVIE INC | Healthcare | 1.3K | $272K | 0.1% | -7.4% |
| ETN EATON CORP PLC | Industrials | 691 | $247K | 0.1% | +3.3% |
| HEI/A HEICO CORP-CLASS A | Industrials | 1.2K | $243K | 0.1% | +5.1% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 775 | $222K | 0.1% | -10.0% |
| MKSI MKS INC | Technology | 962 | $221K | 0.1% | -17.2% |
| ACGL ARCH CAPITAL GROUP LTD | Financials | 2.3K | $218K | 0.1% | +0.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 17, 2026 | 301 | $350.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 310 | $347.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 6, 2025 | 315 | $327.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 16, 2025 | 296 | $308.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 260 | $278.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 14, 2025 | 274 | $296.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 294 | $314.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 30, 2024 | 262 | $293.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 12, 2024 | 279 | $290.5M | canonical | SEC ↗ |