SWF LLC
Long book
$1.15B
Q1 2026
Positions
11
Top-10 weight
100%
concentration
Last quarter
+12.9%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filingsSWF LLC is a wealth-management firm allocating client money, specialised in financials (100% of the long book), running a $1.15B US long book across 11 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD S&P 500 ETF, BERKSHIRE HATHAWAY INC-CL B, ISHARES CORE S&P MIDCAP ETF, ISHARES CORE S&P SMALL-CAP E, INVESCO QQQ TRUST SERIES 1.
Over the last 9 quarters its long book ran on average 0.6pp 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
-3.3%
Q2 2024
+13.1%
Q3 2024
-1.5%
Q4 2024
+17.5%
Q1 2025
-8.5%
Q2 2025
+6.1%
Q3 2025
+1.6%
Q4 2025
-3.2%
Q1 2026
+12.9%
Sector allocation
Financials 100%
Technology 0%
Long book by quarter
What does SWF LLC own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 19 | $1.15B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 18 | $988.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 18 | $975.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 6, 2025 | 13 | $860.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Aug 1, 2025 | 7 | $357.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Aug 1, 2025 | 3 | $295.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Aug 1, 2025 | 3 | $299.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 1, 2025 | 3 | $264.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Aug 1, 2025 | 3 | $273.9M | canonical | SEC ↗ |