# Constellation Investments, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1573575. Source: https://holderbook.com/funds/1573575-constellation-investments-inc/

- Reported value: $3.2B
- Positions: 19
- Weight of the ten largest: 93.5%
- Filed: 2026-07-17

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $943.8M | 1,260,209 | 29.6% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $643.0M | 936,173 | 20.2% | 7 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $556.7M | 5,624,548 | 17.5% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $217.6M | 587,923 | 6.8% | 7 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $182.0M | 1,108,000 | 5.7% | 7 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $129.5M | 175,908 | 4.1% | 7 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $105.4M | 1,275,335 | 3.3% | 7 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $80.8M | 1,100,000 | 2.5% | 2 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $71.7M | 742,106 | 2.3% | 7 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $46.9M | 495,924 | 1.5% | 7 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $43.3M | 712,000 | 1.4% | 6 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $41.5M | 101,441 | 1.3% | 7 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $35.1M | 455,000 | 1.1% | 7 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $30.0M | 362,416 | 0.9% | 7 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $27.2M | 249,317 | 0.9% | 7 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $18.7M | 179,699 | 0.6% | 7 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $6.8M | 115,509 | 0.2% | 4 |
| VANGUARD ADMIRAL FDS INC | [VOOV](https://holderbook.com/stocks/VOOV/) | $3.1M | 14,000 | 0.1% | 6 |
| BLACKROCK ETF TRUST II | [CLOA](https://holderbook.com/stocks/CLOA/) | $1.4M | 27,000 | 0.0% | 6 |

## 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 | +10.6% | +14.8% | -4.3% | 100% |
| Q1 2026 | -3.0% | -4.6% | +1.6% | 100% |
| Q4 2025 | +1.5% | +2.4% | -0.9% | 100% |
| Q3 2025 | +5.7% | +7.8% | -2.1% | 100% |
| Q2 2025 | +7.2% | +10.5% | -3.3% | 100% |
| Q1 2025 | -1.8% | -4.6% | +2.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.2B | 19 |
| Q1 2026 | $3.0B | 19 |
| Q4 2025 | $3.2B | 19 |
| Q3 2025 | $2.1B | 19 |
| Q2 2025 | $2.2B | 19 |
| Q1 2025 | $2.1B | 20 |
| Q4 2024 | $2.2B | 17 |