# Sepio Capital, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1751412. Source: https://holderbook.com/funds/1751412-sepio-capital-lp/

- Reported value: $2.0B
- Positions: 346
- Weight of the ten largest: 56.0%
- Filed: 2026-07-28

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 |
|---|---|---|---|---|---|
| EA SERIES TRUST | [SMRI](https://holderbook.com/stocks/SMRI/) | $556.0M | 13,553,115 | 28.0% | 12 |
| EA SERIES TRUST | [RNIN](https://holderbook.com/stocks/RNIN/) | $156.6M | 4,870,406 | 7.9% | 5 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $135.6M | 197,490 | 6.8% | 30 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $76.7M | 1,076,537 | 3.9% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $38.8M | 649,410 | 1.9% | 30 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $32.8M | 130,177 | 1.6% | 19 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $31.4M | 147,612 | 1.6% | 24 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $29.7M | 148,539 | 1.5% | 31 |
| PACER FDS TR | [ICOW](https://holderbook.com/stocks/ICOW/) | $27.7M | 664,973 | 1.4% | 13 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $27.4M | 125,736 | 1.4% | 21 |
| VICTORY PORTFOLIOS II | [VFLO](https://holderbook.com/stocks/VFLO/) | $25.0M | 545,660 | 1.3% | 10 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $24.6M | 156,594 | 1.2% | 18 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $22.1M | 59,287 | 1.1% | 31 |
| CAMBRIA ETF TR | [EYLD](https://holderbook.com/stocks/EYLD/) | $22.1M | 486,941 | 1.1% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $21.2M | 50,466 | 1.1% | 27 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $20.3M | 67,099 | 1.0% | 10 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $19.9M | 35,394 | 1.0% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $19.9M | 83,587 | 1.0% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $19.4M | 67,146 | 1.0% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $18.0M | 198,248 | 0.9% | 19 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $16.3M | 46,170 | 0.8% | 30 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $16.3M | 45,522 | 0.8% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $15.8M | 21,389 | 0.8% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $15.7M | 21,053 | 0.8% | 30 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $15.7M | 20,923 | 0.8% | 25 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $14.9M | 78,412 | 0.8% | 31 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $13.4M | 67,727 | 0.7% | 23 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $12.7M | 52,223 | 0.6% | 18 |
| ISHARES TR | [GVI](https://holderbook.com/stocks/GVI/) | $11.6M | 108,902 | 0.6% | 10 |
| HARTFORD FDS EXCHANGE TRADED | [HMOP](https://holderbook.com/stocks/HMOP/) | $11.4M | 290,404 | 0.6% | 21 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $10.9M | 26,737 | 0.6% | 30 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $10.2M | 202,550 | 0.5% | 22 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $9.7M | 77,965 | 0.5% | 28 |
| VICTORY PORTFOLIOS II | [IFLO](https://holderbook.com/stocks/IFLO/) | $9.6M | 290,146 | 0.5% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $9.5M | 27,662 | 0.5% | 31 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $9.1M | 35,774 | 0.5% | 6 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $8.4M | 34,717 | 0.4% | 22 |
| CAMBRIA ETF TR | [GVAL](https://holderbook.com/stocks/GVAL/) | $8.3M | 230,805 | 0.4% | 2 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $7.9M | 36,461 | 0.4% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $7.8M | 74,988 | 0.4% | 30 |
| DIMENSIONAL ETF TRUST | [DISV](https://holderbook.com/stocks/DISV/) | $7.7M | 191,566 | 0.4% | 2 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $7.2M | 29,156 | 0.4% | 24 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $6.8M | 8,947 | 0.3% | 27 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $6.6M | 18,001 | 0.3% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $6.5M | 90,667 | 0.3% | 28 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $5.9M | 77,908 | 0.3% | 21 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $5.8M | 60,557 | 0.3% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $5.8M | 39,593 | 0.3% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $5.5M | 10,942 | 0.3% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $5.2M | 20,642 | 0.3% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $5.2M | 31,135 | 0.3% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $5.2M | 12,397 | 0.3% | 24 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $5.1M | 43,527 | 0.3% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $5.0M | 5,396 | 0.3% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $4.9M | 16,586 | 0.2% | 31 |
| FIDELITY WISE ORIGIN BITCOIN | [FBTC](https://holderbook.com/stocks/FBTC/) | $4.9M | 95,806 | 0.2% | 10 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $4.8M | 6,785 | 0.2% | 3 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $4.7M | 40,855 | 0.2% | 17 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $4.6M | 14,630 | 0.2% | 31 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $4.6M | 67,109 | 0.2% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $4.3M | 23,892 | 0.2% | 31 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $4.3M | 8,623 | 0.2% | 20 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $4.2M | 41,255 | 0.2% | 31 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $4.2M | 26,202 | 0.2% | 30 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $4.1M | 4,266 | 0.2% | 7 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $4.1M | 5,810 | 0.2% | 23 |
| MERITAGE HOMES CORP | [MTH](https://holderbook.com/stocks/MTH/) | $4.0M | 47,395 | 0.2% | 2 |
| MATSON INC | [MATX](https://holderbook.com/stocks/MATX/) | $3.9M | 20,406 | 0.2% | 28 |
| EVEREST GROUP LTD | [EG](https://holderbook.com/stocks/EG/) | $3.9M | 10,906 | 0.2% | 4 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $3.9M | 47,916 | 0.2% | 30 |
| ANGEL STUDIOS INC | [ANGX](https://holderbook.com/stocks/ANGX/) | $3.5M | 959,485 | 0.2% | 4 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $3.5M | 11,922 | 0.2% | 26 |
| BILL HOLDINGS INC | [BILL](https://holderbook.com/stocks/BILL/) | $3.5M | 96,498 | 0.2% | 17 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $3.4M | 17,779 | 0.2% | 25 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $3.3M | 36,204 | 0.2% | 14 |
| SPDR INDEX SHS FDS | [EWX](https://holderbook.com/stocks/EWX/) | $3.3M | 43,898 | 0.2% | 16 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $3.2M | 14,837 | 0.2% | 20 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.2M | 8,681 | 0.2% | 28 |
| PROSHARES TR | [TBF](https://holderbook.com/stocks/TBF/) | $3.2M | 131,300 | 0.2% | 22 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $3.2M | 32,888 | 0.2% | 31 |
| LENNAR CORP | [LEN](https://holderbook.com/stocks/LEN/) | $3.1M | 34,397 | 0.2% | 2 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $3.1M | 37,419 | 0.2% | 30 |
| UPBOUND GROUP INC | [UPBD](https://holderbook.com/stocks/UPBD/) | $3.1M | 144,609 | 0.2% | 3 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $2.9M | 61,083 | 0.1% | 31 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $2.8M | 4,417 | 0.1% | 31 |
| ISHARES INC | [EWO](https://holderbook.com/stocks/EWO/) | $2.7M | 64,776 | 0.1% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.7M | 5,330 | 0.1% | 30 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $2.7M | 12,825 | 0.1% | 3 |
| RENAISSANCERE HLDGS LTD | [RNR](https://holderbook.com/stocks/RNR/) | $2.7M | 8,370 | 0.1% | 3 |
| SEI INVTS CO | [SEIC](https://holderbook.com/stocks/SEIC/) | $2.7M | 30,232 | 0.1% | 31 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $2.6M | 45,210 | 0.1% | 11 |
| GLOBAL X FDS | [GREK](https://holderbook.com/stocks/GREK/) | $2.6M | 34,729 | 0.1% | 22 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $2.6M | 11,823 | 0.1% | 31 |
| 2023 ETF SERIES TRUST | [EAGL](https://holderbook.com/stocks/EAGL/) | $2.5M | 78,643 | 0.1% | 2 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $2.5M | 24,511 | 0.1% | 1 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $2.4M | 33,956 | 0.1% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.4M | 16,443 | 0.1% | 30 |
| INVESCO EXCH TRADED FD TR II | [PXH](https://holderbook.com/stocks/PXH/) | $2.4M | 87,307 | 0.1% | 25 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $2.4M | 15,432 | 0.1% | 26 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $2.4M | 12,318 | 0.1% | 31 |

## 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 | +11.9% | +14.8% | -2.9% | 92% |
| Q1 2026 | -3.4% | -4.6% | +1.3% | 93% |
| Q4 2025 | +1.7% | +2.4% | -0.6% | 93% |
| Q3 2025 | +7.5% | +7.8% | -0.3% | 75% |
| Q2 2025 | +9.4% | +10.5% | -1.1% | 82% |
| Q1 2025 | -3.9% | -4.6% | +0.7% | 85% |
| Q4 2024 | +0.6% | +2.1% | -1.5% | 82% |
| Q3 2024 | +6.7% | +5.4% | +1.3% | 87% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.0B | 346 |
| Q1 2026 | $1.8B | 369 |
| Q4 2025 | $1.8B | 362 |
| Q3 2025 | $1.7B | 312 |
| Q2 2025 | $1.4B | 274 |
| Q1 2025 | $1.3B | 287 |
| Q4 2024 | $1.2B | 291 |
| Q3 2024 | $1.3B | 295 |
| Q2 2024 | $1.1B | 276 |
| Q1 2024 | $1.2B | 284 |
| Q4 2023 | $1.2B | 288 |
| Q3 2023 | $1.2B | 295 |