# Q3 Asset Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1732543. Source: https://holderbook.com/funds/1732543-q3-asset-management/

- Reported value: $546.0M
- Positions: 70
- Weight of the ten largest: 77.0%
- 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 |
|---|---|---|---|---|---|
| BONDBLOXX ETF TRUST | [XHLF](https://holderbook.com/stocks/XHLF/) | $272.5M | 5,434,650 | 49.9% | 1 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $52.7M | 183,081 | 9.6% | 4 |
| ULTIMUS MANAGERS TR | [QTAC](https://holderbook.com/stocks/QTAC/) | $21.6M | 847,519 | 3.9% | 3 |
| ULTIMUS MANAGERS TR | [QVOY](https://holderbook.com/stocks/QVOY/) | $19.9M | 644,843 | 3.7% | 15 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $13.9M | 20,447 | 2.5% | 5 |
| VANECK ETF TRUST | [OIH](https://holderbook.com/stocks/OIH/) | $11.1M | 35,035 | 2.0% | 3 |
| VANGUARD INTL EQUITY INDEX F | [VPL](https://holderbook.com/stocks/VPL/) | $7.5M | 79,542 | 1.4% | 1 |
| FIDELITY COVINGTON TRUST | [FHLC](https://holderbook.com/stocks/FHLC/) | $7.3M | 95,065 | 1.3% | 1 |
| LISTED FDS TR | [TUGN](https://holderbook.com/stocks/TUGN/) | $7.2M | 252,756 | 1.3% | 17 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $6.7M | 9,037 | 1.2% | 9 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $6.7M | 52,918 | 1.2% | 1 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $6.5M | 13,055 | 1.2% | 1 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $5.5M | 28,699 | 1.0% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $5.2M | 4,913 | 1.0% | 1 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $4.6M | 18,045 | 0.8% | 1 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $4.5M | 132,640 | 0.8% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.3M | 12,150 | 0.8% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $4.2M | 36,086 | 0.8% | 1 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $4.1M | 118,565 | 0.8% | 2 |
| INVESCO EXCH TRADED FD TR II | [SPHB](https://holderbook.com/stocks/SPHB/) | $3.8M | 24,352 | 0.7% | 1 |
| ISHARES TR | [VLUE](https://holderbook.com/stocks/VLUE/) | $3.8M | 18,830 | 0.7% | 1 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $3.5M | 28,262 | 0.6% | 1 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $3.4M | 20,541 | 0.6% | 3 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $3.3M | 13,798 | 0.6% | 4 |
| KRANESHARES TRUST | [KRBN](https://holderbook.com/stocks/KRBN/) | $2.7M | 73,001 | 0.5% | 1 |
| DIREXION SHARES ETF TRUST | [SPXL](https://holderbook.com/stocks/SPXL/) | $2.7M | 9,875 | 0.5% | 3 |
| EXCHANGE TRADED CONCEPTS TRU | [THNQ](https://holderbook.com/stocks/THNQ/) | $2.6M | 28,728 | 0.5% | 1 |
| ETF SER SOLUTIONS | [QTUM](https://holderbook.com/stocks/QTUM/) | $2.6M | 15,552 | 0.5% | 1 |
| GLOBAL X FDS | [DRIV](https://holderbook.com/stocks/DRIV/) | $2.5M | 64,953 | 0.5% | 2 |
| INVESCO EXCHANGE TRADED FD T | [PBW](https://holderbook.com/stocks/PBW/) | $2.5M | 63,167 | 0.5% | 3 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $2.5M | 36,552 | 0.4% | 2 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $2.5M | 48,472 | 0.4% | 1 |
| GLOBAL X FDS | [LIT](https://holderbook.com/stocks/LIT/) | $2.5M | 31,300 | 0.4% | 2 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $2.3M | 46,156 | 0.4% | 1 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $2.2M | 25,152 | 0.4% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.2M | 3,798 | 0.4% | 1 |
| ABRDN PLATINUM ETF TRUST | [PPLT](https://holderbook.com/stocks/PPLT/) | $2.2M | 11,274 | 0.4% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $2.1M | 6,952 | 0.4% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.0M | 14,597 | 0.4% | 3 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $1.9M | 5,244 | 0.3% | 1 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $1.8M | 2,766 | 0.3% | 4 |
| ISHARES TR | [IXN](https://holderbook.com/stocks/IXN/) | $1.8M | 12,141 | 0.3% | 1 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $1.7M | 1,813 | 0.3% | 2 |
| ISHARES TR | [ICVT](https://holderbook.com/stocks/ICVT/) | $1.5M | 12,433 | 0.3% | 1 |
| NEW YORK LIFE INVESTMENTS ET | [QAI](https://holderbook.com/stocks/QAI/) | $1.5M | 40,873 | 0.3% | 1 |
| AMPLIFY ETF TR | [BLOK](https://holderbook.com/stocks/BLOK/) | $1.5M | 23,423 | 0.3% | 1 |
| FIDELITY COVINGTON TRUST | [FENY](https://holderbook.com/stocks/FENY/) | $1.3M | 44,945 | 0.2% | 2 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $1.2M | 11,937 | 0.2% | 1 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $1.1M | 21,175 | 0.2% | 2 |
| ISHARES TR | [IGE](https://holderbook.com/stocks/IGE/) | $1.1M | 19,948 | 0.2% | 2 |
| INVESCO EXCHANGE TRADED FD T | [PJP](https://holderbook.com/stocks/PJP/) | $1.0M | 8,698 | 0.2% | 2 |
| VALUED ADVISERS TR | [MBSF](https://holderbook.com/stocks/MBSF/) | $932.0K | 36,309 | 0.2% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $669.0K | 3,145 | 0.1% | 2 |
| FRANKLIN RESOURCES INC | [BEN](https://holderbook.com/stocks/BEN/) | $668.0K | 20,105 | 0.1% | 1 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $607.0K | 2,729 | 0.1% | 2 |
| SPDR SERIES TRUST | [SPMB](https://holderbook.com/stocks/SPMB/) | $570.0K | 24,564 | 0.1% | 1 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $544.0K | 6,035 | 0.1% | 1 |
| ROYAL GOLD INC | [RGLD](https://holderbook.com/stocks/RGLD/) | $536.0K | 2,689 | 0.1% | 1 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $512.0K | 3,927 | 0.1% | 1 |
| FIRST TR EXCHNG TRADED FD VI | [UCON](https://holderbook.com/stocks/UCON/) | $427.0K | 17,199 | 0.1% | 13 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $424.0K | 2,901 | 0.1% | 4 |
| NORTHERN LTS FD TR IV | [ISMD](https://holderbook.com/stocks/ISMD/) | $414.0K | 8,283 | 0.1% | 1 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $387.0K | 8,968 | 0.1% | 4 |
| VOLATILITY SHS TR | [XRPI](https://holderbook.com/stocks/XRPI/) | $379.0K | 66,143 | 0.1% | 3 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $342.0K | 3,739 | 0.1% | 2 |
| SUMMIT THERAPEUTICS INC | [SMMT](https://holderbook.com/stocks/SMMT/) | $290.0K | 19,950 | 0.1% | 8 |
| ISHARES INC | [EWN](https://holderbook.com/stocks/EWN/) | $289.0K | 4,120 | 0.1% | 1 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $282.0K | 3,309 | 0.1% | 1 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $279.0K | 759 | 0.1% | 9 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $246.0K | 587 | 0.0% | 4 |

## 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 |
|---|---|---|---|---|
| Q1 2026 | -0.1% | -4.6% | +4.6% | 100% |
| Q4 2025 | +0.4% | +2.4% | -2.0% | 100% |
| Q3 2025 | +3.2% | +7.8% | -4.7% | 100% |
| Q2 2025 | +11.5% | +10.5% | +1.0% | 100% |
| Q1 2025 | -7.0% | -4.6% | -2.4% | 99% |
| Q4 2024 | +0.8% | +2.1% | -1.4% | 100% |
| Q3 2024 | +3.1% | +5.4% | -2.3% | 102% |
| Q2 2024 | +1.0% | +4.0% | -3.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $546.0M | 70 |
| Q1 2026 | $412.1M | 64 |
| Q4 2025 | $436.9M | 62 |
| Q3 2025 | $292.2M | 55 |
| Q2 2025 | $283.1M | 46 |
| Q1 2025 | $146.2M | 56 |
| Q4 2024 | $160.9M | 47 |
| Q3 2024 | $427.4M | 45 |
| Q2 2024 | $440.7M | 48 |
| Q1 2024 | $351.9M | 46 |
| Q4 2023 | $395.9M | 46 |
| Q3 2023 | $252.5M | 45 |