Three Seasons Wealth, LLC
Long book
$262.0M
Q1 2026
Positions
187
Top-10 weight
30%
concentration
Last quarter
+11.8%
SPY +14.8%
Turnover
43%
of book per quarter
Strategy in plain words
auto-generated from filingsThree Seasons Wealth, LLC is a wealth-management firm allocating client money, running a $262.0M US long book across 187 positions.
The portfolio is moderately concentrated (top 10 ≈ 30% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: PROSHARES SHORT S&P500, SPDR GOLD SHARES, SS SPDR BB 1-3M T-BILL ETF, GOLDMAN SACHS ULTRA SHORT BO, JPMORGAN ULTRA-SHORT INCOME.
Over the last 9 quarters its long book ran on average 0.5pp 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
+3.0%
Q2 2024
+4.8%
Q3 2024
+2.5%
Q4 2024
-2.0%
Q1 2025
+8.0%
Q2 2025
+14.6%
Q3 2025
+3.0%
Q4 2025
-9.9%
Q1 2026
+11.8%
Sector allocation
Technology 38%
Industrials 12%
Healthcare 11%
Consumer discretionary 9%
Services media 8%
Materials 5%
Financials 4%
Other 4%
Long book by quarter
What does Three Seasons own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 25.6K | $5.3M | 2.0% | -98.3% |
| LRCX LAM RESEARCH CORP | Industrials | 23.7K | $5.1M | 1.9% | +12.4% |
| NVDA NVIDIA CORP | Technology | 22.8K | $4.0M | 1.5% | +51.0% |
| GOOG ALPHABET INC-CL C | Technology | 12.5K | $3.6M | 1.4% | -3.4% |
| WBD WARNER BROS DISCOVERY INC | Communications | 125.3K | $3.4M | 1.3% | +14.5% |
| AAPL APPLE INC | Technology | 13.5K | $3.4M | 1.3% | -97.3% |
| MSFT MICROSOFT CORP | Technology | 8.5K | $3.2M | 1.2% | -90.3% |
| MU MICRON TECHNOLOGY INC | Technology | 9.1K | $3.1M | 1.2% | -29.6% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 7.7K | $3.0M | 1.2% | -19.1% |
| ALB ALBEMARLE CORP | Materials | 15.2K | $2.7M | 1.0% | +146.2% |
| AMAT APPLIED MATERIALS INC | Technology | 7.5K | $2.6M | 1.0% | +328.8% |
| EXEL EXELIXIS INC | Healthcare | 59.5K | $2.6M | 1.0% | +345.6% |
| TER TERADYNE INC | Technology | 8.2K | $2.4M | 0.9% | +77.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 4.9K | $2.3M | 0.9% | -1.5% |
| V VISA INC-CLASS A SHARES | Services media | 7.3K | $2.2M | 0.8% | -4.8% |
| SHOP SHOPIFY INC - CLASS A | Technology | 18.5K | $2.2M | 0.8% | +68.3% |
| AVGO BROADCOM INC | Technology | 6.9K | $2.1M | 0.8% | -25.6% |
| MA MASTERCARD INC - A | Services media | 4.0K | $2.0M | 0.8% | -6.0% |
| GOOGL ALPHABET INC-CL A | Technology | 6.8K | $2.0M | 0.7% | +43.3% |
| ANET ARISTA NETWORKS INC | Technology | 15.4K | $1.9M | 0.7% | +90.6% |
| ORCL ORACLE CORP | Technology | 12.7K | $1.9M | 0.7% | -22.3% |
| LLY ELI LILLY & CO | Healthcare | 1.9K | $1.8M | 0.7% | -3.8% |
| WDC WESTERN DIGITAL CORP | Technology | 6.0K | $1.6M | 0.6% | -27.8% |
| EXPE EXPEDIA GROUP INC | Industrials | 6.9K | $1.6M | 0.6% | +636.5% |
| QCOM QUALCOMM INC | Technology | 11.5K | $1.5M | 0.6% | New |
| CRM SALESFORCE INC | Technology | 7.8K | $1.5M | 0.6% | +625.8% |
| MO ALTRIA GROUP INC | Consumer staples | 21.2K | $1.4M | 0.5% | +54.1% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 23.4K | $1.4M | 0.5% | +44.8% |
| NOW SERVICENOW INC | Technology | 12.9K | $1.4M | 0.5% | +74.9% |
| INTC INTEL CORP | Technology | 26.8K | $1.2M | 0.5% | -47.5% |
| META META PLATFORMS INC-CLASS A | Technology | 2.1K | $1.2M | 0.4% | +12.1% |
| CHRW C.H. ROBINSON WORLDWIDE INC | Industrials | 6.9K | $1.1M | 0.4% | +93.1% |
| NFLX NETFLIX INC | Services media | 11.9K | $1.1M | 0.4% | -27.9% |
| SNPS SYNOPSYS INC | Technology | 2.8K | $1.1M | 0.4% | +63.4% |
| CSGP COSTAR GROUP INC | Services media | 26.6K | $1.1M | 0.4% | +242.2% |
| CAT CATERPILLAR INC | Industrials | 1.5K | $1.1M | 0.4% | +24.8% |
| SFM SPROUTS FARMERS MARKET INC | Consumer discretionary | 13.5K | $1.0M | 0.4% | +106.7% |
| NFG NATIONAL FUEL GAS CO | Utilities | 10.9K | $1.0M | 0.4% | New |
| LNTH LANTHEUS HOLDINGS INC | Materials | 13.5K | $1.0M | 0.4% | +40.5% |
| CVX CHEVRON CORP | Energy | 4.9K | $1.0M | 0.4% | +3.2% |
| HQY HEALTHEQUITY INC | Services media | 12.0K | $1000K | 0.4% | +116.7% |
| PCRX PACIRA BIOSCIENCES INC | Healthcare | 43.8K | $991K | 0.4% | +87.9% |
| MPWR MONOLITHIC POWER SYSTEMS INC | Technology | 879 | $963K | 0.4% | +225.6% |
| ZTS ZOETIS INC | Healthcare | 8.1K | $959K | 0.4% | -17.0% |
| CAH CARDINAL HEALTH INC | Consumer discretionary | 4.5K | $944K | 0.4% | +160.3% |
| MSCI MSCI INC | Services media | 1.7K | $936K | 0.4% | -7.6% |
| LITE LUMENTUM HOLDINGS INC | Technology | 1.3K | $901K | 0.3% | -58.6% |
| GLW CORNING INC | Industrials | 6.4K | $870K | 0.3% | -68.0% |
| PBH PRESTIGE CONSUMER HEALTHCARE | Healthcare | 14.4K | $855K | 0.3% | +68.2% |
| SBUX STARBUCKS CORP | Consumer discretionary | 9.4K | $840K | 0.3% | 0.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 188 | $262.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 15, 2026 | 199 | $1.05B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 17, 2025 | 180 | $1.01B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 10, 2025 | 121 | $872.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 113 | $201.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 133 | $205.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Apr 4, 2025 | 113 | $190.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Apr 4, 2025 | 91 | $180.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 4, 2025 | 86 | $143.0M | canonical | SEC ↗ |