TRAPHAGEN INVESTMENT ADVISORS LLC
Long book
$1.23B
Q1 2026
Positions
207
Top-10 weight
64%
concentration
Last quarter
+10.7%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsTRAPHAGEN INVESTMENT ADVISORS LLC is a wealth-management firm allocating client money, running a $1.23B US long book across 207 positions.
The portfolio is concentrated: the top 10 names carry 64% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, AVANTIS U.S. EQUITY ETF, VICTORYSHARES FREE CASH FLOW, JH SECURITIZED INCOME ETF, FIRST TRST NASD CL EDG SGIIF.
Over the last 9 quarters its long book ran on average 0.9pp 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
+1.2%
Q2 2024
+6.5%
Q3 2024
+1.2%
Q4 2024
-2.4%
Q1 2025
+8.4%
Q2 2025
+6.6%
Q3 2025
+1.4%
Q4 2025
-1.7%
Q1 2026
+10.7%
Sector allocation
Technology 35%
Financials 30%
Consumer discretionary 7%
Industrials 7%
Healthcare 5%
Utilities 4%
Energy 3%
Consumer staples 3%
Long book by quarter
What does TRAPHAGEN INVESTMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 141.4K | $35.9M | 2.9% | +2.1% |
| CME CME GROUP INC | Financials | 48.6K | $14.3M | 1.2% | 0.0% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 14 | $10.1M | 0.8% | Held |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 56.2K | $8.8M | 0.7% | 0.0% |
| GS GOLDMAN SACHS GROUP INC | Financials | 10.1K | $8.6M | 0.7% | 0.0% |
| NVDA NVIDIA CORP | Technology | 39.7K | $6.9M | 0.6% | +1.3% |
| MSFT MICROSOFT CORP | Technology | 15.5K | $5.7M | 0.5% | +0.4% |
| PEG PUBLIC SERVICE ENTERPRISE GP | Utilities | 60.0K | $4.9M | 0.4% | +3.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 8.6K | $4.1M | 0.3% | -0.1% |
| GOOG ALPHABET INC-CL C | Technology | 13.9K | $4.0M | 0.3% | -1.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 19.1K | $4.0M | 0.3% | -0.4% |
| JPM JPMORGAN CHASE & CO | Financials | 13.5K | $4.0M | 0.3% | +1.1% |
| HD HOME DEPOT INC | Consumer discretionary | 11.8K | $3.9M | 0.3% | 0.0% |
| GOOGL ALPHABET INC-CL A | Technology | 11.0K | $3.2M | 0.3% | -8.1% |
| CVX CHEVRON CORP | Energy | 14.4K | $3.0M | 0.2% | +15.6% |
| XOM EXXON MOBIL CORP | Energy | 16.6K | $2.8M | 0.2% | +5.7% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 50.8K | $2.6M | 0.2% | +1.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 9.7K | $2.4M | 0.2% | -2.6% |
| CAT CATERPILLAR INC | Industrials | 3.2K | $2.3M | 0.2% | -1.3% |
| ABBV ABBVIE INC | Healthcare | 9.6K | $2.1M | 0.2% | -0.4% |
| V VISA INC-CLASS A SHARES | Services media | 6.4K | $1.9M | 0.2% | -0.2% |
| CSCO CISCO SYSTEMS INC | Technology | 24.5K | $1.9M | 0.2% | -0.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.9K | $1.9M | 0.2% | +3.2% |
| META META PLATFORMS INC-CLASS A | Technology | 3.2K | $1.8M | 0.1% | -4.6% |
| WMT WALMART INC | Consumer discretionary | 14.8K | $1.8M | 0.1% | -0.1% |
| GE GENERAL ELECTRIC | Industrials | 5.8K | $1.7M | 0.1% | +4.4% |
| T AT&T INC | Communications | 52.9K | $1.5M | 0.1% | +3.6% |
| TSLA TESLA INC | Industrials | 3.7K | $1.4M | 0.1% | -2.7% |
| GEV GE VERNOVA INC | Industrials | 1.5K | $1.3M | 0.1% | +2.8% |
| ED CONSOLIDATED EDISON INC | Utilities | 11.7K | $1.3M | 0.1% | +2.5% |
| LMT LOCKHEED MARTIN CORP | Industrials | 2.1K | $1.3M | 0.1% | -2.3% |
| ORCL ORACLE CORP | Technology | 8.6K | $1.3M | 0.1% | +5.1% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 20.6K | $1.2M | 0.1% | +0.1% |
| LLY ELI LILLY & CO | Healthcare | 1.3K | $1.2M | 0.1% | +3.2% |
| KO COCA-COLA CO/THE | Consumer staples | 13.9K | $1.1M | 0.1% | +1.2% |
| MA MASTERCARD INC - A | Services media | 1.9K | $941K | 0.1% | -1.2% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 5.6K | $933K | 0.1% | 0.0% |
| MSTR STRATEGY INC | Financials | 7.3K | $908K | 0.1% | -1.1% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 3.6K | $872K | 0.1% | -4.1% |
| MRK MERCK & CO. INC. | Healthcare | 6.6K | $796K | 0.1% | -7.6% |
| PEP PEPSICO INC | Consumer staples | 5.1K | $793K | 0.1% | 0.0% |
| TJX TJX COMPANIES INC | Consumer discretionary | 4.9K | $786K | 0.1% | +1.2% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 3.9K | $785K | 0.1% | -0.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 3.4K | $775K | 0.1% | -0.6% |
| TPL TEXAS PACIFIC LAND CORP | Financials | 1.6K | $772K | 0.1% | +0.1% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 985 | $761K | 0.1% | +2.2% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 5.1K | $748K | 0.1% | +19.0% |
| KLAC KLA CORP | Other | 480 | $707K | 0.1% | +0.8% |
| ETN EATON CORP PLC | Industrials | 1.9K | $682K | 0.1% | +0.9% |
| AXP AMERICAN EXPRESS CO | Financials | 2.2K | $680K | 0.1% | -0.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 207 | $1.23B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 196 | $1.22B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 7, 2025 | 192 | $1.16B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 188 | $1.06B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 17, 2025 | 183 | $958.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 17, 2025 | 180 | $983.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2024 | 176 | $991.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 174 | $12.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 175 | $937.6M | canonical | SEC ↗ |