TrueWealth Financial Partners
Long book
$250.9M
Q1 2026
Positions
66
Top-10 weight
72%
concentration
Last quarter
+8.4%
SPY +14.8%
Turnover
95%
of book per quarter
Strategy in plain words
auto-generated from filingsTrueWealth Financial Partners is a wealth-management firm allocating client money, specialised in technology (70% of the long book), running a $250.9M US long book across 66 positions.
The portfolio is concentrated: the top 10 names carry 72% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: VANGUARD S&P 500 ETF, VANGUARD SMALL-CAP VALUE ETF, VANGUARD FTSE DEVELOPED ETF, MICROSOFT CORP, VANGUARD SHORT-TERM TREASURY.
Over the last 9 quarters its long book ran on average 1.7pp 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
-0.3%
Q2 2024
+7.2%
Q3 2024
-3.1%
Q4 2024
+0.9%
Q1 2025
+4.9%
Q2 2025
+5.7%
Q3 2025
+1.9%
Q4 2025
-0.7%
Q1 2026
+8.4%
Sector allocation
Technology 72%
Consumer discretionary 19%
Financials 2%
Services media 2%
Industrials 2%
Healthcare 2%
Long book by quarter
What does TrueWealth Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 41.3K | $15.3M | 6.1% | +9027.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 25.2K | $5.3M | 2.1% | New |
| AAPL APPLE INC | Technology | 15.2K | $3.8M | 1.5% | New |
| GOOG ALPHABET INC-CL C | Technology | 7.6K | $2.2M | 0.9% | +992.0% |
| NVDA NVIDIA CORP | Technology | 6.3K | $1.1M | 0.4% | New |
| GOOGL ALPHABET INC-CL A | Technology | 3.1K | $891K | 0.4% | New |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 808 | $805K | 0.3% | New |
| INTU INTUIT INC | Technology | 1.1K | $471K | 0.2% | New |
| META META PLATFORMS INC-CLASS A | Technology | 781 | $447K | 0.2% | New |
| AVGO BROADCOM INC | Technology | 1.2K | $372K | 0.1% | New |
| LLY ELI LILLY & CO | Healthcare | 395 | $363K | 0.1% | +75.6% |
| BA BOEING CO/THE | Industrials | 1.7K | $334K | 0.1% | New |
| SBUX STARBUCKS CORP | Consumer discretionary | 3.5K | $318K | 0.1% | New |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 657 | $315K | 0.1% | New |
| JPM JPMORGAN CHASE & CO | Financials | 1.1K | $312K | 0.1% | New |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 219 | $289K | 0.1% | New |
| V VISA INC-CLASS A SHARES | Services media | 938 | $283K | 0.1% | New |
| MA MASTERCARD INC - A | Services media | 501 | $250K | 0.1% | New |
| NFLX NETFLIX INC | Services media | 2.3K | $219K | 0.1% | New |
| WMT WALMART INC | Consumer discretionary | 1.7K | $217K | 0.1% | New |
| JNJ JOHNSON & JOHNSON | Healthcare | 884 | $216K | 0.1% | New |
| RY ROYAL BANK OF CANADA | Financials | 1.3K | $209K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 20, 2026 | 66 | $250.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 50 | $121.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 21, 2025 | 25 | $196.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 26 | $181.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 23 | $165.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 19 | $161.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 18 | $166.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 18 | $154.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 18 | $142.5M | canonical | SEC ↗ |