# Freestate Advisors LLC

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1660328. Source: https://holderbook.com/funds/1660328-freestate-advisors-llc/

- Reported value: $130.0M
- Positions: 43
- Weight of the ten largest: 77.9%
- Filed: 2026-10-09

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 |
|---|---|---|---|---|---|
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $18.2M | 297,424 | 14.0% | 12 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $17.5M | 24,915 | 13.4% | 9 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $15.6M | 568,369 | 12.0% | 9 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $12.4M | 130,766 | 9.5% | 9 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $10.9M | 263,228 | 8.4% | 9 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $8.6M | 170,095 | 6.6% | 12 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $6.9M | 58,702 | 5.3% | 9 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $4.7M | 145,686 | 3.6% | 9 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $3.4M | 37,555 | 2.6% | 9 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $3.2M | 98,572 | 2.5% | 9 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.0M | 3,932 | 2.3% | 11 |
| LEGG MASON ETF INVT | [LVHI](https://holderbook.com/stocks/LVHI/) | $2.4M | 56,465 | 1.8% | 9 |
| CAPITAL GRP FIXED INCM ETF T | [CGSD](https://holderbook.com/stocks/CGSD/) | $2.2M | 86,157 | 1.7% | 7 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $2.1M | 20,970 | 1.6% | 8 |
| AMERICAN CENTY ETF TR | [AVLV](https://holderbook.com/stocks/AVLV/) | $1.8M | 20,419 | 1.4% | 2 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $1.7M | 10,440 | 1.3% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.5M | 4,505 | 1.2% | 9 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $1.5M | 28,951 | 1.1% | 6 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $1.4M | 17,592 | 1.1% | 9 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $1.3M | 17,255 | 1.0% | 9 |
| AMERICAN CENTY ETF TR | [QGRO](https://holderbook.com/stocks/QGRO/) | $1.1M | 9,616 | 0.9% | 9 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $1.1M | 22,962 | 0.9% | 6 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $724.4K | 12,214 | 0.6% | 9 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $673.7K | 4,104 | 0.5% | 9 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $521.8K | 1,026 | 0.4% | 9 |
| CAPITAL GRP FIXED INCM ETF T | [CGCB](https://holderbook.com/stocks/CGCB/) | $510.3K | 20,428 | 0.4% | 6 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $500.0K | 10,900 | 0.4% | 9 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $466.9K | 2,123 | 0.4% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $462.4K | 1,398 | 0.4% | 9 |
| CAPITAL GRP FIXED INCM ETF T | [CGMS](https://holderbook.com/stocks/CGMS/) | $455.4K | 17,362 | 0.4% | 6 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $445.6K | 9,007 | 0.3% | 9 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $405.3K | 16,612 | 0.3% | 9 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $391.0K | 582 | 0.3% | 9 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $368.2K | 2,258 | 0.3% | 6 |
| FIDELITY COVINGTON TRUST | [FDHY](https://holderbook.com/stocks/FDHY/) | $293.1K | 6,171 | 0.2% | 9 |
| AMERICAN CENTY ETF TR | [AVIV](https://holderbook.com/stocks/AVIV/) | $275.1K | 3,455 | 0.2% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $247.2K | 1,082 | 0.2% | 2 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $243.0K | 4,221 | 0.2% | 3 |
| COHEN & STEERS TOTAL RETURN | [RFI](https://holderbook.com/stocks/RFI/) | $220.7K | 21,036 | 0.2% | 8 |
| VANGUARD WORLD FD | [EDV](https://holderbook.com/stocks/EDV/) | $209.4K | 3,776 | 0.2% | 6 |
| FS CREDIT OPPORTUNITIES CORP | [FSCO](https://holderbook.com/stocks/FSCO/) | $75.5K | 14,641 | 0.1% | 7 |
| EAGLE POINT CR CO | [ECC](https://holderbook.com/stocks/ECC/) | $49.6K | 14,331 | 0.0% | 6 |
| CARLYLE CREDIT INCOME FUND | [CCIF](https://holderbook.com/stocks/CCIF/) | $36.2K | 14,885 | 0.0% | 7 |

## 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 | +6.0% | +14.8% | -8.9% | 100% |
| Q1 2026 | -0.1% | -4.6% | +4.5% | 100% |
| Q4 2025 | +1.2% | +2.4% | -1.2% | 100% |
| Q3 2025 | +4.2% | +7.8% | -3.6% | 100% |
| Q2 2025 | +4.6% | +10.5% | -5.8% | 100% |
| Q1 2025 | +0.3% | -4.6% | +4.9% | 100% |
| Q4 2024 | -2.6% | +2.1% | -4.7% | 100% |
| Q4 2021 | +5.4% | +10.7% | -5.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $130.0M | 43 |
| Q2 2026 | $133.9M | 42 |
| Q1 2026 | $125.1M | 42 |
| Q4 2025 | $123.1M | 41 |
| Q3 2025 | $119.2M | 42 |
| Q2 2025 | $112.0M | 46 |
| Q1 2025 | $100.8M | 38 |
| Q4 2024 | $96.7M | 37 |
| Q3 2024 | $96.1M | 36 |
| Q3 2021 | $88.2M | 8 |
| Q2 2021 | $88.5M | 8 |
| Q1 2021 | $85.7M | 8 |