# MSA Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1040410. Source: https://holderbook.com/funds/1040410-msa-advisors-llc/

- Reported value: $388.6M
- Positions: 43
- Weight of the ten largest: 83.7%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $92.4M | 781,052 | 23.8% | 11 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $52.9M | 70,798 | 13.6% | 11 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $34.8M | 340,557 | 9.0% | 11 |
| LIVE NATION ENTERTAINMENT IN | [LYV](https://holderbook.com/stocks/LYV/) | $31.1M | 169,596 | 8.0% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $27.8M | 78,600 | 7.1% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $27.3M | 94,192 | 7.0% | 11 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $18.6M | 28,965 | 4.8% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $15.2M | 40,665 | 3.9% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $13.0M | 23,103 | 3.3% | 10 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $12.3M | 26,755 | 3.2% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $10.0M | 30,400 | 2.6% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.6M | 37,833 | 1.9% | 9 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $7.5M | 6,248 | 1.9% | 11 |
| TPG INC | [TPG](https://holderbook.com/stocks/TPG/) | $6.9M | 169,493 | 1.8% | 11 |
| GAP INC | [GAP](https://holderbook.com/stocks/GAP/) | $5.8M | 308,800 | 1.5% | 1 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $2.8M | 32,290 | 0.7% | 2 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $2.2M | 53,725 | 0.6% | 2 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $2.2M | 19,500 | 0.6% | 2 |
| LIBERTY MEDIA CORP DEL | [FWONA](https://holderbook.com/stocks/FWONA/) | $2.1M | 24,390 | 0.5% | 1 |
| KLARNA GROUP PLC | [KLAR](https://holderbook.com/stocks/KLAR/) | $2.0M | 99,768 | 0.5% | 4 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.7M | 17,190 | 0.4% | 11 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $1.5M | 21,687 | 0.4% | 2 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.4M | 2,093 | 0.4% | 8 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.3M | 22,433 | 0.3% | 11 |
| DIMENSIONAL ETF TRUST | [DFSV](https://holderbook.com/stocks/DFSV/) | $961.7K | 24,793 | 0.2% | 2 |
| THE BEACHBODY COMPANY INC | [BODI](https://holderbook.com/stocks/BODI/) | $920.7K | 90,085 | 0.2% | 11 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $828.2K | 11,477 | 0.2% | 2 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $651.6K | 20,952 | 0.2% | 2 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $636.4K | 1,475 | 0.2% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $609.4K | 1,449 | 0.2% | 2 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $564.4K | 22,988 | 0.1% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $560.1K | 2,350 | 0.1% | 10 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $533.4K | 4,572 | 0.1% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $383.3K | 766 | 0.1% | 8 |
| CARIS LIFE SCIENCES INC | [CAI](https://holderbook.com/stocks/CAI/) | $342.1K | 19,200 | 0.1% | 5 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $293.1K | 7,070 | 0.1% | 11 |
| COCA COLA CONS INC | [COKE](https://holderbook.com/stocks/COKE/) | $232.9K | 1,220 | 0.1% | 2 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $219.5K | 895 | 0.1% | 2 |
| ROCKET COS INC | [RKT](https://holderbook.com/stocks/RKT/) | $183.4K | 11,644 | 0.0% | 2 |
| SENTINELONE INC | [S](https://holderbook.com/stocks/S/) | $181.2K | 10,679 | 0.0% | 10 |
| SATELLOGIC INC | [SATL](https://holderbook.com/stocks/SATL/) | $150.2K | 26,261 | 0.0% | 2 |
| PELOTON INTERACTIVE INC | [PTON](https://holderbook.com/stocks/PTON/) | $107.7K | 18,216 | 0.0% | 2 |
| DENISON MINES CORP | [DNN](https://holderbook.com/stocks/DNN/) | $40.7K | 13,298 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.8% | +14.8% | -4.0% | 100% |
| Q1 2026 | -11.5% | -4.6% | -6.9% | 100% |
| Q4 2025 | +3.1% | +2.4% | +0.7% | 100% |
| Q3 2025 | +2.3% | +7.8% | -5.5% | 100% |
| Q2 2025 | +8.7% | +10.5% | -1.7% | 100% |
| Q1 2025 | -9.3% | -4.6% | -4.7% | 100% |
| Q4 2024 | +12.6% | +2.1% | +10.5% | 100% |
| Q3 2024 | +6.9% | +5.4% | +1.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $388.6M | 43 |
| Q1 2026 | $332.7M | 50 |
| Q4 2025 | $399.4M | 31 |
| Q3 2025 | $400.2M | 30 |
| Q2 2025 | $398.7M | 28 |
| Q1 2025 | $390.5M | 30 |
| Q4 2024 | $399.8M | 31 |
| Q3 2024 | $387.6M | 29 |
| Q2 2024 | $348.8M | 27 |
| Q1 2024 | $334.0M | 23 |
| Q4 2023 | $287.2M | 20 |