# Balefire, LLC

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1750924. Source: https://holderbook.com/funds/1750924-balefire-llc/

- Reported value: $635.9M
- Positions: 463
- Weight of the ten largest: 21.0%
- 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 | [SPYM](https://holderbook.com/stocks/SPYM/) | $21.5M | 239,532 | 3.4% | 14 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $17.4M | 76,358 | 2.7% | 30 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $16.7M | 21,828 | 2.6% | 16 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $12.6M | 37,872 | 2.0% | 30 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $12.1M | 17,193 | 1.9% | 14 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $11.3M | 256,862 | 1.8% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $10.9M | 14,712 | 1.7% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.5M | 20,479 | 1.7% | 32 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $10.4M | 113,283 | 1.6% | 12 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $9.9M | 69,671 | 1.6% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $9.8M | 12,787 | 1.5% | 14 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $9.6M | 138,534 | 1.5% | 6 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $9.3M | 101,657 | 1.5% | 32 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $8.7M | 13,027 | 1.4% | 21 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $8.7M | 59,678 | 1.4% | 16 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $7.3M | 298,507 | 1.1% | 26 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $6.4M | 5,969 | 1.0% | 14 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $6.3M | 27,711 | 1.0% | 3 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $6.3M | 125,500 | 1.0% | 26 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $6.1M | 17,976 | 1.0% | 32 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $5.5M | 11,081 | 0.9% | 30 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $5.4M | 71,262 | 0.8% | 2 |
| BLACKROCK ETF TRUST | [CORO](https://holderbook.com/stocks/CORO/) | $5.4M | 147,629 | 0.8% | 2 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $5.3M | 13,955 | 0.8% | 25 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $5.2M | 21,055 | 0.8% | 30 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $5.2M | 24,901 | 0.8% | 6 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $5.1M | 4,398 | 0.8% | 18 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $4.8M | 46,807 | 0.8% | 14 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $4.6M | 210,037 | 0.7% | 6 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.5M | 13,213 | 0.7% | 6 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $4.5M | 86,845 | 0.7% | 14 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $4.5M | 12,704 | 0.7% | 20 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $4.3M | 52,893 | 0.7% | 17 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $4.3M | 90,577 | 0.7% | 3 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $4.2M | 51,736 | 0.7% | 6 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $4.2M | 11,714 | 0.7% | 20 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $4.1M | 37,143 | 0.6% | 16 |
| BLACKROCK ETF TRUST | [BLCR](https://holderbook.com/stocks/BLCR/) | $4.1M | 82,875 | 0.6% | 2 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $4.0M | 39,886 | 0.6% | 7 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $4.0M | 59,864 | 0.6% | 7 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $3.9M | 75,321 | 0.6% | 25 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $3.8M | 14,272 | 0.6% | 20 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.8M | 11,417 | 0.6% | 24 |
| VALUED ADVISERS TR | [MBSF](https://holderbook.com/stocks/MBSF/) | $3.7M | 145,671 | 0.6% | 11 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $3.7M | 35,539 | 0.6% | 7 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $3.6M | 35,404 | 0.6% | 6 |
| BLACKROCK ETF TRUST | [IALT](https://holderbook.com/stocks/IALT/) | $3.5M | 118,227 | 0.6% | 2 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $3.4M | 222,485 | 0.5% | 3 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $3.3M | 27,084 | 0.5% | 7 |
| ISHARES TR | [REM](https://holderbook.com/stocks/REM/) | $3.3M | 181,427 | 0.5% | 16 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $3.2M | 4,720 | 0.5% | 18 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $3.2M | 41,157 | 0.5% | 6 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $3.1M | 50,676 | 0.5% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.0M | 4,164 | 0.5% | 16 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $2.9M | 9,491 | 0.5% | 1 |
| BLACKROCK ETF TRUST | [THRO](https://holderbook.com/stocks/THRO/) | $2.8M | 64,281 | 0.4% | 3 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $2.8M | 41,588 | 0.4% | 21 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $2.7M | 27,174 | 0.4% | 5 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.7M | 4,389 | 0.4% | 25 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $2.7M | 120,553 | 0.4% | 2 |
| NORTHERN LTS FD TR IV | [SECT](https://holderbook.com/stocks/SECT/) | $2.6M | 36,172 | 0.4% | 7 |
| BLACKROCK ETF TRUST II | [GGOV](https://holderbook.com/stocks/GGOV/) | $2.6M | 51,497 | 0.4% | 2 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $2.5M | 25,989 | 0.4% | 7 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $2.5M | 76,700 | 0.4% | 7 |
| FIRST TR EXCHANGE-TRADED FD | [RDVY](https://holderbook.com/stocks/RDVY/) | $2.5M | 31,849 | 0.4% | 6 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $2.4M | 27,172 | 0.4% | 6 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $2.4M | 11,181 | 0.4% | 6 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.4M | 11,803 | 0.4% | 7 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $2.4M | 26,435 | 0.4% | 3 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $2.4M | 19,638 | 0.4% | 3 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $2.3M | 43,611 | 0.4% | 6 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $2.2M | 14,216 | 0.4% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.2M | 6,222 | 0.4% | 30 |
| FIRST TR EXCHANGE-TRADED FD | [FDL](https://holderbook.com/stocks/FDL/) | $2.1M | 43,119 | 0.3% | 6 |
| RBB FD INC | [TBIL](https://holderbook.com/stocks/TBIL/) | $2.1M | 42,400 | 0.3% | 15 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $2.1M | 23,607 | 0.3% | 16 |
| GLOBAL X FDS | [COPX](https://holderbook.com/stocks/COPX/) | $2.0M | 23,961 | 0.3% | 5 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $1.9M | 31,363 | 0.3% | 3 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $1.9M | 16,787 | 0.3% | 3 |
| ISHARES TR | [ILF](https://holderbook.com/stocks/ILF/) | $1.9M | 53,773 | 0.3% | 2 |
| WISDOMTREE TR | [DXJ](https://holderbook.com/stocks/DXJ/) | $1.8M | 9,723 | 0.3% | 3 |
| INVESCO ACTVELY MNGD ETC FD | [PDBA](https://holderbook.com/stocks/PDBA/) | $1.7M | 45,123 | 0.3% | 1 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $1.7M | 59,251 | 0.3% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.6M | 3,591 | 0.3% | 6 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.6M | 15,739 | 0.3% | 8 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $1.6M | 10,160 | 0.3% | 5 |
| LANDSTAR SYS INC | [LSTR](https://holderbook.com/stocks/LSTR/) | $1.6M | 9,637 | 0.3% | 3 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $1.5M | 19,454 | 0.2% | 4 |
| ANGEL OAK FUNDS TRUST | [UYLD](https://holderbook.com/stocks/UYLD/) | $1.5M | 30,310 | 0.2% | 3 |
| ISHARES TR | [TLH](https://holderbook.com/stocks/TLH/) | $1.5M | 16,497 | 0.2% | 3 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.5M | 4,054 | 0.2% | 6 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $1.5M | 36,596 | 0.2% | 12 |
| ISHARES TR | [IEUR](https://holderbook.com/stocks/IEUR/) | $1.5M | 20,200 | 0.2% | 6 |
| J P MORGAN EXCHANGE TRADED F | [JIRE](https://holderbook.com/stocks/JIRE/) | $1.5M | 18,105 | 0.2% | 6 |
| FIRST TR EXCHANGE-TRADED FD | [LMBS](https://holderbook.com/stocks/LMBS/) | $1.5M | 30,581 | 0.2% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.5M | 5,557 | 0.2% | 18 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $1.5M | 4,594 | 0.2% | 5 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $1.5M | 12,581 | 0.2% | 18 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.4M | 9,949 | 0.2% | 6 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.4M | 7,572 | 0.2% | 16 |

## 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 | +9.6% | +14.8% | -5.2% | 100% |
| Q1 2026 | -0.8% | -4.6% | +3.8% | 99% |
| Q4 2025 | +1.9% | +2.4% | -0.5% | 100% |
| Q3 2025 | +5.4% | +7.8% | -2.5% | 100% |
| Q2 2025 | +5.8% | +10.5% | -4.6% | 100% |
| Q1 2025 | +0.8% | -4.6% | +5.3% | 100% |
| Q4 2024 | -1.6% | +2.1% | -3.8% | 100% |
| Q3 2024 | +6.5% | +5.4% | +1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $635.9M | 463 |
| Q2 2026 | $612.9M | 475 |
| Q1 2026 | $530.7M | 439 |
| Q4 2025 | $513.3M | 394 |
| Q3 2025 | $501.2M | 394 |
| Q2 2025 | $459.7M | 358 |
| Q1 2025 | $291.8M | 205 |
| Q4 2024 | $292.5M | 295 |
| Q3 2024 | $296.2M | 245 |
| Q2 2024 | $281.4M | 810 |
| Q1 2024 | $277.4M | 815 |
| Q4 2023 | $271.0M | 746 |