# Refined Wealth Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1724729. Source: https://holderbook.com/funds/1724729-refined-wealth-management/

- Reported value: $165.7M
- Positions: 49
- Weight of the ten largest: 64.7%
- Filed: 2026-07-21

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 |
|---|---|---|---|---|---|
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $20.0M | 280,248 | 12.1% | 4 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $17.0M | 23,018 | 10.2% | 6 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $14.0M | 65,994 | 8.5% | 3 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $8.6M | 58,894 | 5.2% | 17 |
| PIMCO ETF TR | [PYLD](https://holderbook.com/stocks/PYLD/) | $8.4M | 317,941 | 5.1% | 2 |
| BITWISE BITCOIN ETF TR | [BITB](https://holderbook.com/stocks/BITB/) | $8.0M | 251,344 | 4.8% | 10 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $8.0M | 36,555 | 4.8% | 6 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $7.9M | 77,483 | 4.8% | 2 |
| BLACKROCK ETF TRUST II | [BINC](https://holderbook.com/stocks/BINC/) | $7.9M | 151,094 | 4.8% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $7.5M | 44,951 | 4.5% | 2 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $6.3M | 17,178 | 3.8% | 21 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $6.2M | 24,224 | 3.7% | 2 |
| J P MORGAN EXCHANGE TRADED F | [JPIB](https://holderbook.com/stocks/JPIB/) | $5.8M | 119,352 | 3.5% | 2 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $5.8M | 233,476 | 3.5% | 2 |
| ENOVIX CORPORATION | [ENVX](https://holderbook.com/stocks/ENVX/) | $5.1M | 844,850 | 3.1% | 14 |
| ISHARES INC | [PICK](https://holderbook.com/stocks/PICK/) | $4.6M | 79,141 | 2.8% | 2 |
| VANECK ETF TRUST | [REMX](https://holderbook.com/stocks/REMX/) | $3.4M | 38,389 | 2.1% | 2 |
| INVESCO EXCHANGE TRADED FD T | [XMMO](https://holderbook.com/stocks/XMMO/) | $2.8M | 16,381 | 1.7% | 2 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $2.7M | 21,939 | 1.7% | 2 |
| BED BATH & BEYOND INC | [BBBY](https://holderbook.com/stocks/BBBY/) | $2.4M | 421,102 | 1.5% | 21 |
| BITWISE XRP ETF | [XRP](https://holderbook.com/stocks/XRP/) | $1.8M | 153,726 | 1.1% | 2 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.0M | 1,514 | 0.6% | 21 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $966.0K | 4,828 | 0.6% | 13 |
| NUSHARES ETF TR | [NULG](https://holderbook.com/stocks/NULG/) | $857.2K | 7,323 | 0.5% | 18 |
| FIRST TR EXCHANGE-TRADED FD | [FTSM](https://holderbook.com/stocks/FTSM/) | $848.7K | 14,209 | 0.5% | 21 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $841.5K | 2,908 | 0.5% | 21 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $695.5K | 2,918 | 0.4% | 21 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $693.5K | 8,422 | 0.4% | 21 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $675.6K | 2,484 | 0.4% | 21 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $503.1K | 10,388 | 0.3% | 18 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $459.7K | 11,411 | 0.3% | 21 |
| TIDAL TRUST II | [XMAG](https://holderbook.com/stocks/XMAG/) | $376.4K | 14,433 | 0.2% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $349.3K | 698 | 0.2% | 15 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $339.6K | 4,215 | 0.2% | 21 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $326.4K | 875 | 0.2% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $323.3K | 574 | 0.2% | 5 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $272.1K | 898 | 0.2% | 21 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $257.2K | 2,976 | 0.2% | 14 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $254.9K | 606 | 0.2% | 5 |
| VANGUARD SCOTTSDALE FDS | [VCLT](https://holderbook.com/stocks/VCLT/) | $253.9K | 3,374 | 0.2% | 14 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $244.6K | 574 | 0.1% | 5 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $244.0K | 3,072 | 0.1% | 5 |
| WISDOMTREE TR | [XSOE](https://holderbook.com/stocks/XSOE/) | $224.8K | 4,570 | 0.1% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $219.5K | 581 | 0.1% | 1 |
| NEXGEN ENERGY LTD | [NXE](https://holderbook.com/stocks/NXE/) | $103.3K | 11,000 | 0.1% | 18 |
| VOLATILITY SHS TR | [XRPI](https://holderbook.com/stocks/XRPI/) | $71.7K | 12,493 | 0.0% | 4 |
| DENISON MINES CORP | [DNN](https://holderbook.com/stocks/DNN/) | $33.2K | 10,850 | 0.0% | 18 |
| BED BATH & BEYOND INC | [BBBYWS](https://holderbook.com/stocks/BBBYWS/) | $17.4K | 41,526 | 0.0% | 3 |
| UR-ENERGY INC | [URG](https://holderbook.com/stocks/URG/) | $14.7K | 10,800 | 0.0% | 18 |

## 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 | +4.4% | +14.8% | -10.5% | 100% |
| Q1 2026 | -5.9% | -4.6% | -1.3% | 100% |
| Q4 2025 | -8.4% | +2.4% | -10.7% | 100% |
| Q3 2025 | +4.0% | +7.8% | -3.8% | 100% |
| Q2 2025 | +17.0% | +10.5% | +6.5% | 100% |
| Q1 2025 | -5.1% | -4.6% | -0.6% | 100% |
| Q4 2024 | +1.5% | +2.1% | -0.7% | 100% |
| Q3 2024 | -0.7% | +5.4% | -6.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $165.7M | 49 |
| Q1 2026 | $158.4M | 50 |
| Q4 2025 | $148.6M | 43 |
| Q3 2025 | $155.6M | 36 |
| Q2 2025 | $145.5M | 33 |
| Q1 2025 | $122.2M | 27 |
| Q4 2024 | $131.4M | 27 |
| Q3 2024 | $129.7M | 27 |
| Q2 2024 | $129.7M | 28 |
| Q1 2024 | $142.0M | 29 |
| Q4 2023 | $128.2M | 26 |
| Q3 2023 | $111.4M | 26 |