Topel & Distasi Wealth Management, LLC
Long book
$193.5M
Q1 2026
Positions
58
Top-10 weight
61%
concentration
Last quarter
+9.4%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsTopel & Distasi Wealth Management, LLC is a wealth-management firm allocating client money, running a $193.5M US long book across 58 positions.
The portfolio is concentrated: the top 10 names carry 61% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD VALUE ETF, VANGUARD GROWTH ETF, ISHARES CORE MSCI EAFE ETF, ISHARES US TREASURY BOND ETF, ISHR IBX USD INVGD CB ETF-UI.
Over the last 9 quarters its long book ran on average 1.3pp 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
+6.7%
Q3 2024
-1.0%
Q4 2024
-1.1%
Q1 2025
+7.3%
Q2 2025
+5.6%
Q3 2025
+1.9%
Q4 2025
-0.8%
Q1 2026
+9.4%
Sector allocation
Technology 42%
Other 29%
Consumer discretionary 10%
Healthcare 7%
Utilities 7%
Financials 6%
Long book by quarter
What does Topel & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ECL ECOLAB INC | Other | 4.5K | $1.2M | 0.6% | -8.3% |
| AAPL APPLE INC | Technology | 3.7K | $943K | 0.5% | -8.1% |
| META META PLATFORMS INC-CLASS A | Technology | 964 | $552K | 0.3% | +13.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.9K | $398K | 0.2% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.2K | $293K | 0.2% | Held |
| NEE NEXTERA ENERGY INC | Utilities | 3.1K | $291K | 0.2% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 472 | $226K | 0.1% | -2.7% |
| MSFT MICROSOFT CORP | Technology | 560 | $207K | 0.1% | -38.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 58 | $193.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 61 | $204.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 61 | $202.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 60 | $190.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 73 | $214.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 31, 2025 | 78 | $233.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 78 | $241.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 76 | $227.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 75 | $226.1M | canonical | SEC ↗ |