Institution

Arax Advisory Partners

13F for the quarter to June 30, 2026, filed August 10, 2026 · SEC CIK 1586767

Reported value: $15.1bn
Positions we cover: 3,304
Copy, a year: +17.4%
Copy Sharpe ratio: 0.91

How copying its 13F would have done

CopyS&P 500 $10,000 copying Arax Advisory Partners's filed holdings in companies we cover from March 3, 2023, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −16.6% (S&P 500 −16.9%); beta 0.93; alpha −1.3% a year (t = −0.67); last 12 months +16.7% against +12.1%.

Reported value by quarter

Arax Advisory Partners: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2022-12-31	$722.7B
2024-06-30	$1B
2024-09-30	$1.1B
2024-12-31	$1.6B
2025-03-31	$1.6B
2025-06-30	$2.2B
2025-09-30	$7B
2025-12-31	$3.4B
2026-03-31	$3.5B
2026-06-30	$15.1B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
AAPLApple Inc.	2.67%	$402.8m	1.39M	+491.7% Added
NVDANVIDIA Corporation	1.98%	$298.7m	1.49M	+554.3% Added
FIXComfort Systems USA	1.21%	$181.7m	91.7K	+16659.4% Added
MSFTMicrosoft Corporation	1.18%	$177.4m	475.4K	+484.2% Added
AMZNAmazon	1.05%	$157.6m	661.0K	+328.8% Added
GOOGLAlphabet Inc. (Class A)	0.77%	$116.0m	324.6K	+391.1% Added
EPDEnterprise Products Partners L.p.	0.65%	$97.3m	2.65M	+8783.9% Added
HPKHighpeak Energy, Inc.	0.65%	$97.2m	13.90M	+5991326.7% Added
AVGOBroadcom	0.61%	$92.7m	245.5K	+432.8% Added
JPMJPMorgan Chase	0.61%	$91.6m	279.8K	+452.2% Added
JNJJohnson & Johnson	0.55%	$83.0m	326.8K	+689.7% Added
BACBank of America	0.53%	$80.1m	1.41M	+1217.5% Added
MRKMerck & Co.	0.52%	$78.2m	608.6K	+100.3% Added
METAMeta Platforms	0.48%	$72.0m	127.8K	+391.2% Added
MUMicron Technology	0.47%	$71.3m	61.8K	+487.2% Added
LLYLilly (Eli)	0.37%	$56.2m	46.8K	+569.1% Added
CVXChevron Corporation	0.36%	$54.8m	330.9K	+1139.7% Added
WMTWalmart	0.36%	$53.9m	475.9K	+801.9% Added
VVisa Inc.	0.36%	$53.9m	157.1K	+513.7% Added
RTXRTX Corporation	0.35%	$52.9m	279.0K	+1096.4% Added
AMDAdvanced Micro Devices	0.33%	$49.6m	85.3K	+374.6% Added
UNHUnitedHealth Group	0.32%	$48.5m	116.6K	+805.8% Added
CSCOCisco	0.32%	$47.5m	404.5K	+430.0% Added
CATCaterpillar Inc.	0.30%	$45.3m	42.6K	+1027.7% Added
TSLATesla, Inc.	0.28%	$42.2m	100.3K	+335.5% Added
GEVGE Vernova	0.28%	$41.6m	35.4K	+937.5% Added
ABBVAbbVie	0.28%	$41.5m	164.9K	+237.5% Added
IBMIBM	0.27%	$39.9m	142.0K	+723.8% Added
INTCIntel	0.25%	$37.8m	270.6K	+519.7% Added
PLTRPalantir Technologies Inc.	0.24%	$35.8m	307.1K	+1176.0% Added
MRVLMarvell Technology	0.23%	$34.6m	116.2K	+710.8% Added
FCXFreeport-McMoRan	0.22%	$33.6m	534.2K	+3379.6% Added
MPLXMplx LP	0.22%	$33.6m	596.0K	+34353.3% Added
EMREmerson Electric	0.22%	$32.7m	228.4K	+1943.3% Added
COSTCostco	0.22%	$32.5m	34.7K	+249.8% Added
GEGE Aerospace	0.21%	$32.4m	86.6K	+767.4% Added
MCDMcDonald's	0.21%	$32.3m	119.5K	+556.3% Added
KOThe Coca-Cola Company	0.21%	$31.6m	389.0K	+658.0% Added
CMECME Group	0.20%	$29.5m	133.7K	+269.0% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.19%	$28.4m	59.5K	+405.9% Added
MAMastercard	0.19%	$28.2m	54.8K	+306.3% Added
PNCPNC Financial Services	0.19%	$28.1m	114.1K	+233.6% Added
CCitigroup	0.18%	$27.0m	192.8K	+672.5% Added
TRVThe Travelers Companies	0.18%	$26.8m	81.1K	+1548.1% Added
PGProcter & Gamble	0.17%	$26.3m	179.0K	+260.3% Added
TAT&T	0.17%	$26.1m	1.26M	+1535.4% Added
OTFBlue Owl Technology Finance Corp.	0.17%	$25.3m	2.44M	+104.4% Added
QCOMQualcomm	0.17%	$25.0m	135.1K	+1515.8% Added
UPSUnited Parcel Service	0.17%	$24.8m	230.7K	+1347.0% Added
CTASCintas	0.16%	$24.6m	144.8K	+1791.4% Added
CRWDCrowdStrike	0.16%	$24.6m	32.3K	+776.8% Added
WDCWestern Digital	0.16%	$24.4m	38.2K	+584.8% Added
GDGeneral Dynamics	0.16%	$24.0m	67.7K	+1512.6% Added
AEPAmerican Electric Power	0.16%	$23.6m	172.5K	+2035.1% Added
AMATApplied Materials	0.16%	$23.5m	32.5K	+228.2% Added
ORCLOracle Corporation	0.16%	$23.5m	160.2K	+399.5% Added
VRTVertiv	0.15%	$23.4m	69.8K	+1018.7% Added
ITWIllinois Tool Works	0.15%	$23.1m	85.4K	+385.8% Added
KMIKinder Morgan	0.15%	$22.8m	712.1K	+2553.3% Added
MTZMastec Inc	0.15%	$22.6m	54.3K	+196.3% Added
NFLXNetflix	0.15%	$22.3m	311.7K	+395.7% Added
MSMorgan Stanley	0.15%	$21.9m	105.0K	+148.4% Added
HDThe Home Depot	0.15%	$21.9m	62.2K	+295.3% Added
GSGoldman Sachs	0.14%	$21.6m	21.3K	+437.6% Added
NVONovo Nordisk A S	0.14%	$21.5m	449.0K	+7509.0% Added
LRCXLam Research	0.14%	$21.4m	49.3K	+328.5% Added
BTIBritish American Tobacco P.l.c.	0.14%	$21.2m	343.3K	+1998.4% Added
CNQCanadian Natural Resources Ltd	0.14%	$21.0m	531.0K	+3970.1% Added
BMYBristol Myers Squibb	0.14%	$21.0m	363.9K	+397.7% Added
VZVerizon	0.13%	$20.2m	476.9K	+398.7% Added
JBHTJ.B. Hunt	0.13%	$20.2m	69.7K	+378.6% Added
PAYXPaychex	0.13%	$19.9m	202.1K	+652.2% Added
PMPhilip Morris International	0.13%	$19.7m	108.9K	+689.1% Added
PFEPfizer	0.13%	$19.5m	811.1K	+915.7% Added
ETNEaton Corporation	0.13%	$19.4m	45.5K	+185.4% Added
MOAltria	0.13%	$19.1m	265.7K	+587.1% Added
DALDelta Air Lines	0.12%	$18.5m	197.9K	+1008.0% Added
BABoeing	0.12%	$18.3m	84.5K	+1207.6% Added
CMICummins	0.12%	$18.3m	25.6K	+1649.2% Added
FTITechnipFMC plc	0.12%	$18.2m	274.9K	+1893.0% Added
AMGNAmgen	0.12%	$18.2m	50.3K	+862.1% Added
ESEversource Energy	0.12%	$18.2m	252.1K	+2800.5% Added
GMGeneral Motors	0.12%	$17.7m	229.9K	+906.1% Added
JCIJohnson Controls	0.12%	$17.6m	120.4K	+1058.1% Added
CPTCamden Property Trust	0.12%	$17.5m	153.0K	+903.4% Added
ANETArista Networks	0.12%	$17.5m	102.8K	+989.6% Added
GLWCorning Inc.	0.12%	$17.3m	67.8K	+761.7% Added
FDXFedEx	0.11%	$17.2m	55.0K	+407.1% Added
GPCGenuine Parts Company	0.11%	$17.2m	145.5K	+6901.3% Added
PEPPepsiCo	0.11%	$17.1m	126.7K	+299.4% Added
CVECenovus Energy Inc.	0.11%	$17.0m	684.6K	+10289.9% Added
TXNTexas Instruments	0.11%	$16.1m	54.1K	+425.6% Added
KLACKLA Corporation	0.11%	$16.1m	53.3K	+4328.7% Added
NEENextEra Energy	0.10%	$15.6m	177.7K	+321.2% Added
BABAAlibaba Group Holding Ltd	0.10%	$15.4m	160.8K	+3130.0% Added
ASMLAsml Holding NV	0.10%	$15.3m	7.7K	+361.3% Added
NEMNewmont	0.10%	$15.2m	163.0K	+2685.0% Added
PYPLPayPal	0.10%	$15.1m	350.1K	+3049.1% Added
VMRKVivmark Residential	0.10%	$14.6m	215.0K	+72771.2% Added
LOWLowe's	0.10%	$14.4m	65.3K	+569.6% Added
CBChubb Limited	0.09%	$14.2m	41.7K	+381.6% Added
EIXEdison International	0.09%	$14.1m	189.0K	+1047.1% Added
DELLDell Technologies	0.09%	$14.0m	32.5K	+787.9% Added
OKEOneok	0.09%	$13.6m	156.5K	+1385.6% Added
SNDKSandisk	0.09%	$13.6m	6.0K	+1179.8% Added
INCYIncyte	0.09%	$13.4m	118.4K	+1871.1% Added
AXPAmerican Express	0.09%	$13.2m	39.1K	+623.7% Added
ENBEnbridge Inc	0.09%	$13.2m	242.6K	+1689.7% Added
APHAmphenol	0.09%	$13.2m	74.6K	+625.9% Added
ABTAbbott Laboratories	0.09%	$13.1m	144.2K	+246.7% Added
LMTLockheed Martin	0.09%	$12.9m	25.4K	+676.5% Added
TJXTJX Companies	0.09%	$12.8m	84.3K	+158.4% Added
STXSeagate Technology	0.09%	$12.7m	13.2K	+599.8% Added
CNCCentene Corporation	0.08%	$12.6m	196.5K	+771.3% Added
COPConocoPhillips	0.08%	$12.5m	120.6K	+605.0% Added
TRGPTarga Resources	0.08%	$12.5m	46.7K	+4135.3% Added
EOGEOG Resources	0.08%	$12.5m	96.5K	+253.6% Added
PHParker Hannifin	0.08%	$12.4m	12.7K	+154.8% Added
SOFISoFi Technologies, Inc.	0.08%	$12.4m	693.4K	+3290.5% Added
CSXCSX Corporation	0.08%	$12.1m	254.9K	+133.4% Added
TGTTarget Corporation	0.08%	$12.0m	91.7K	+702.2% Added
CFGCitizens Financial Group	0.08%	$11.9m	170.5K	+994.8% Added
BXBlackstone Inc.	0.08%	$11.9m	101.1K	+367.9% Added
WPCW. P. Carey Inc.	0.08%	$11.8m	165.6K	+1692.5% Added
WFCWells Fargo	0.08%	$11.4m	138.5K	+424.7% Added
MPCMarathon Petroleum	0.07%	$11.2m	43.9K	+633.5% Added
GBDCGolub Capital BDC, Inc.	0.07%	$11.1m	864.9K	+100.6% Added
CMCSAComcast	0.07%	$10.8m	441.5K	+373.0% Added
PANWPalo Alto Networks	0.07%	$10.8m	31.8K	+216.4% Added
PSXPhillips 66	0.07%	$10.7m	63.4K	+1238.7% Added
SCCOSouthern Copper Corp/	0.07%	$10.5m	60.4K	+9545.7% Added
ORLYO'Reilly Automotive	0.07%	$10.5m	114.2K	+367.6% Added
DVNDevon Energy	0.07%	$10.4m	252.3K	+3241.9% Added
VLOValero Energy	0.07%	$10.3m	39.7K	+1522.0% Added
WELLWelltower	0.07%	$10.3m	45.5K	+1951.5% Added
WMBWilliams Companies	0.07%	$10.2m	136.6K	+820.7% Added
ADIAnalog Devices	0.07%	$10.0m	25.1K	+256.0% Added
CICigna	0.07%	$10.0m	36.1K	+353.2% Added
ILMNIllumina, Inc.	0.07%	$9.9m	56.5K	+1527.8% Added
EXPEExpedia Group	0.07%	$9.8m	38.3K	+738.3% Added
PCGPG&E Corporation	0.07%	$9.8m	581.3K	+973.1% Added
TPRTapestry, Inc.	0.06%	$9.7m	66.3K	+1631.7% Added
FSKFS KKR Capital Corp	0.06%	$9.5m	903.9K	+690.3% Added
HOODRobinhood Markets	0.06%	$9.4m	94.2K	+8174.4% Added
PAAPlains ALL American Pipeline LP	0.06%	$9.4m	422.0K	+14156.5% Added
MELIMercadolibre Inc	0.06%	$9.2m	5.4K	+6016.9% Added
FICOFair Isaac	0.06%	$9.2m	7.7K	New
DEDeere & Company	0.06%	$9.2m	14.4K	+389.2% Added
FTNTFortinet	0.06%	$9.1m	59.4K	+390.8% Added
SOSouthern Company	0.06%	$9.1m	94.9K	+1438.4% Added

Company	Bought (value)	Shares
AAPLApple Inc.	$334.7m	1.16M
NVDANVIDIA Corporation	$253.1m	1.26M
FIXComfort Systems USA	$180.6m	91.1K
MSFTMicrosoft Corporation	$147.0m	394.1K
AMZNAmazon	$120.8m	506.9K
HPKHighpeak Energy, Inc.	$97.2m	13.90M
EPDEnterprise Products Partners L.p.	$96.2m	2.62M
GOOGLAlphabet Inc. (Class A)	$92.4m	258.5K
AVGOBroadcom	$75.3m	199.4K
JPMJPMorgan Chase	$75.0m	229.1K
BACBank of America	$74.0m	1.30M
JNJJohnson & Johnson	$72.5m	285.4K
MUMicron Technology	$59.2m	51.3K
METAMeta Platforms	$57.3m	101.8K
CVXChevron Corporation	$50.4m	304.2K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
TECHBio-Techne	−$313,296	−4.4K
QSQuantumscape Corp	−$237,966	−31.5K
TRIPTripadvisor, Inc.	−$222,427	−16.2K
VVVValvoline Inc	−$183,982	−4.7K
SIMOSilicon Motion Technology Corp	−$175,665	−527
ECGEverus Construction Group, Inc.	−$131,267	−791
WTFCWintrust Financial Corp	−$119,499	−744
AXTAAxalta Coating Systems Ltd.	−$118,127	−3.5K
ICUIICU Medical Inc	−$113,469	−774
UAAUnder Armour, Inc.	−$107,359	−16.8K
ENSGEnsign Group, Inc	−$103,248	−645
FCNFTI Consulting, Inc	−$102,669	−689
BIOBio-rad Laboratories, Inc.	−$102,177	−348
CHWYChewy, Inc.	−$93,498	−4.8K
SIISprott Inc.	−$84,262	−750

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
FWDIForward Industries, Inc.	$6,645	1.5K
FLNAFilana Therapeutics, Inc.	$680	368
NOMDNomad Foods Ltd	$481	50
DIBS1stdibs.com, Inc.	$160	29
TLYSTilly's, Inc.	$122	30
CLYMClimb Bio, Inc.	$110	51
XBITXbiotech Inc.	$35	15
RDZNRoadzen Inc.	$34	28
HOWLWerewolf Therapeutics, Inc.	$32	12
GPROGopro, Inc.	$23	6
REKRRekor Systems, Inc.	$18	2
MCRBSeres Therapeutics, Inc.	$18	6
MNTNMntn, Inc.	$18	13
NNBRNN Inc	$16	7
CSTECaesarstone Ltd.	$9	16

Technology27.9%
Industrials15.4%
Financials13.2%
Health Care9.9%
Energy8.6%
Consumer Discretionary7.9%
Consumer Staples4.8%
Communication Services4.8%
Materials2.7%
Utilities2.5%
Real Estate2.4%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestMarch 3, 2023 to November 2, 2026	+17.4%	+20.2%	0.91	1.05	−16.6%	0.93
Last three yearsNovember 3, 2023 to November 2, 2026	+19.8%	+21.8%	1.10	1.16	−16.6%	0.91
Last yearNovember 7, 2025 to November 2, 2026	+18.4%	+14.2%	1.29	0.84	−7.3%	0.78

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.