STEPHEN J. GARRY & ASSOCIATES, LLC
Long book
$124.3M
Q1 2026
Positions
51
Top-10 weight
73%
concentration
Last quarter
+9.7%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsSTEPHEN J. GARRY & ASSOCIATES, LLC is a wealth-management firm allocating client money, specialised in financials (80% of the long book), running a $124.3M US long book across 51 positions.
The portfolio is concentrated: the top 10 names carry 73% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD GROWTH ETF, ISHARES GOLD TRUST, VANGUARD TOTAL BOND MARKET, VANGUARD S&P 500 ETF, VANGUARD INTERMEDIATE-TERM B.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 2 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
+2.8%
Q2 2024
+5.4%
Q3 2024
+1.9%
Q4 2024
-2.3%
Q1 2025
+8.6%
Q2 2025
+7.6%
Q3 2025
+2.4%
Q4 2025
-2.5%
Q1 2026
+9.7%
Sector allocation
Technology 48%
Financials 23%
Utilities 11%
Consumer discretionary 9%
Energy 5%
Industrials 4%
Long book by quarter
What does STEPHEN J. own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 5.1K | $1.3M | 1.0% | -4.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.1K | $990K | 0.8% | -40.0% |
| ED CONSOLIDATED EDISON INC | Utilities | 5.5K | $617K | 0.5% | Held |
| NVDA NVIDIA CORP | Technology | 3.5K | $605K | 0.5% | -0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.4K | $498K | 0.4% | -0.3% |
| GOOGL ALPHABET INC-CL A | Technology | 1.4K | $404K | 0.3% | +0.4% |
| MSFT MICROSOFT CORP | Technology | 966 | $358K | 0.3% | Held |
| MPC MARATHON PETROLEUM CORP | Energy | 1.2K | $289K | 0.2% | New |
| GS GOLDMAN SACHS GROUP INC | Financials | 301 | $255K | 0.2% | Held |
| BA BOEING CO/THE | Industrials | 1.1K | $211K | 0.2% | -8.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 16, 2026 | 51 | $124.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 16, 2026 | 51 | $126.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 51 | $125.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 47 | $115.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 43 | $106.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 44 | $108.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Feb 13, 2025 | 40 | $105.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Feb 13, 2025 | 40 | $98.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Feb 13, 2025 | 41 | $96.6M | canonical | SEC ↗ |