Trevian Wealth Management LLC
Long book
$202.6M
Q1 2026
Positions
43
Top-10 weight
85%
concentration
Last quarter
+15.1%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsTrevian Wealth Management LLC is a wealth-management firm allocating client money, specialised in technology (68% of the long book), running a $202.6M US long book across 43 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, ISHARES CORE S&P TOTAL U.S., NORTHEAST BANK, VANGUARD EXTENDED MARKET ETF, VANGUARD FTSE DEVELOPED ETF.
Over the last 9 quarters its long book ran on average 1.3pp per quarter ahead of the S&P 500, beating the index in 8 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
+4.7%
Q2 2024
+13.4%
Q3 2024
+4.2%
Q4 2024
-3.9%
Q1 2025
+10.2%
Q2 2025
+8.8%
Q3 2025
+3.0%
Q4 2025
-3.4%
Q1 2026
+15.1%
Sector allocation
Other 46%
Technology 38%
Consumer discretionary 9%
Financials 3%
Services media 2%
Industrials 2%
Long book by quarter
What does Trevian Wealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NBN NORTHEAST BANK | — | 140.6K | $15.8M | 7.8% | 0.0% |
| GOOG ALPHABET INC-CL C | Technology | 11.4K | $3.3M | 1.6% | -0.3% |
| MSFT MICROSOFT CORP | Technology | 8.3K | $3.1M | 1.5% | -1.0% |
| GOOGL ALPHABET INC-CL A | Technology | 6.7K | $1.9M | 0.9% | -1.4% |
| AAPL APPLE INC | Technology | 7.5K | $1.9M | 0.9% | -0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 8.3K | $1.7M | 0.8% | -1.0% |
| SBUX STARBUCKS CORP | Consumer discretionary | 15.6K | $1.4M | 0.7% | 0.0% |
| META META PLATFORMS INC-CLASS A | Technology | 1.6K | $903K | 0.4% | -1.3% |
| NVDA NVIDIA CORP | Technology | 5.1K | $898K | 0.4% | -0.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.5K | $711K | 0.4% | -1.7% |
| V VISA INC-CLASS A SHARES | Services media | 2.2K | $661K | 0.3% | +0.1% |
| TSLA TESLA INC | Industrials | 1.7K | $628K | 0.3% | -0.3% |
| JPM JPMORGAN CHASE & CO | Financials | 1.6K | $471K | 0.2% | +0.3% |
| TOST TOAST INC-CLASS A | Technology | 17.5K | $463K | 0.2% | Held |
| INTU INTUIT INC | Technology | 1.0K | $437K | 0.2% | -0.3% |
| CSCO CISCO SYSTEMS INC | Technology | 3.3K | $257K | 0.1% | -0.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 43 | $202.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 50 | $210.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 23, 2025 | 40 | $186.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 24, 2025 | 33 | $164.0M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 17, 2025 | 27 | $140.4M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 29 | $135.6M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 9, 2024 | 30 | $122.0M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 15, 2024 | 13 | $20.1M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 29 | $146.7M | $K fixed canonical | SEC ↗ |