Tepp RIA, LLC
Long book
$127.7M
Q1 2026
Positions
41
Top-10 weight
79%
concentration
Last quarter
+9.7%
SPY +14.8%
Turnover
35%
of book per quarter
Strategy in plain words
auto-generated from filingsTepp RIA, LLC is a wealth-management firm allocating client money, specialised in financials (79% of the long book), running a $127.7M US long book across 41 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES CORE S&P 500 ETF, VANGUARD HIGH DVD YIELD ETF, INVESCO QQQ TRUST SERIES 1, SPDR GOLD SHARES, FIDELITY ENHANCED INTL ETF.
Over the last 6 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 of 6 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
Q4 2024
-1.9%
Q1 2025
+7.1%
Q2 2025
+8.3%
Q3 2025
+3.0%
Q4 2025
-2.1%
Q1 2026
+9.7%
Sector allocation
Technology 40%
Financials 24%
Utilities 9%
Healthcare 8%
Industrials 7%
Energy 7%
Other 5%
Long book by quarter
What does Tepp RIA, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 5.3K | $1.3M | 1.0% | -0.4% |
| C CITIGROUP INC | Financials | 4.4K | $502K | 0.4% | Held |
| MSFT MICROSOFT CORP | Technology | 1.1K | $401K | 0.3% | -70.7% |
| ET ENERGY TRANSFER LP | Utilities | 20.5K | $396K | 0.3% | +20.1% |
| MS MORGAN STANLEY | Financials | 2.0K | $334K | 0.3% | -3.8% |
| AZN ASTRAZENECA PLC | Healthcare | 1.6K | $323K | 0.3% | New |
| LMT LOCKHEED MARTIN CORP | Industrials | 506 | $306K | 0.2% | Held |
| XOM EXXON MOBIL CORP | Energy | 1.7K | $288K | 0.2% | -8.1% |
| AB ALLIANCEBERNSTEIN HOLDING LP | Financials | 5.8K | $215K | 0.2% | -23.8% |
| HAS HASBRO INC | Other | 2.2K | $202K | 0.2% | -12.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 41 | $127.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 4, 2026 | 38 | $101.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 36 | $88.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 15, 2025 | 27 | $77.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 24, 2025 | 27 | $73.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 30 | $67.6M | canonical | SEC ↗ |