# Bonfire Financial

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1762539. Source: https://holderbook.com/funds/1762539-bonfire-financial/

- Reported value: $155.6M
- Positions: 60
- Weight of the ten largest: 65.9%
- Filed: 2026-08-10

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 |
|---|---|---|---|---|---|
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $27.1M | 142,057 | 17.4% | 7 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $22.1M | 438,875 | 14.2% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $8.9M | 102,807 | 5.7% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $8.1M | 16,138 | 5.2% | 7 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $7.9M | 147,171 | 5.1% | 7 |
| VANGUARD WORLD FD | [VCR](https://holderbook.com/stocks/VCR/) | $6.7M | 16,943 | 4.3% | 7 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $6.4M | 40,088 | 4.1% | 7 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $5.8M | 54,331 | 3.7% | 7 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $5.0M | 13,890 | 3.2% | 7 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $4.7M | 21,735 | 3.0% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $3.4M | 38,021 | 2.2% | 2 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $3.1M | 40,725 | 2.0% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.1M | 10,654 | 2.0% | 7 |
| VANGUARD WORLD FD | [VDC](https://holderbook.com/stocks/VDC/) | $3.0M | 13,277 | 1.9% | 7 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $2.3M | 22,063 | 1.5% | 6 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $2.3M | 21,712 | 1.4% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.2M | 2,957 | 1.4% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.0M | 2,974 | 1.3% | 7 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $2.0M | 70,014 | 1.3% | 7 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $2.0M | 26,580 | 1.3% | 4 |
| ISHARES TR | [IMCG](https://holderbook.com/stocks/IMCG/) | $1.9M | 19,584 | 1.2% | 7 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $1.8M | 11,911 | 1.1% | 7 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $1.8M | 34,967 | 1.1% | 7 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $1.3M | 5,172 | 0.8% | 7 |
| SPDR SERIES TRUST | [ONEY](https://holderbook.com/stocks/ONEY/) | $1.2M | 9,656 | 0.8% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.2M | 3,305 | 0.8% | 7 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $1.2M | 6,004 | 0.8% | 7 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $1.2M | 21,040 | 0.8% | 7 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $1.2M | 9,746 | 0.7% | 7 |
| VANGUARD WORLD FD | [VAW](https://holderbook.com/stocks/VAW/) | $968.5K | 4,234 | 0.6% | 7 |
| BITWISE BITCOIN ETF TR | [BITB](https://holderbook.com/stocks/BITB/) | $907.7K | 28,491 | 0.6% | 7 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $896.8K | 1,197 | 0.6% | 7 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $885.9K | 8,232 | 0.6% | 5 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $819.3K | 11,976 | 0.5% | 7 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $805.8K | 25,412 | 0.5% | 7 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $777.8K | 6,620 | 0.5% | 7 |
| ISHARES TR | [IDEV](https://holderbook.com/stocks/IDEV/) | $754.5K | 8,477 | 0.5% | 7 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $696.7K | 4,698 | 0.4% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $520.4K | 2,183 | 0.3% | 5 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $519.0K | 8,086 | 0.3% | 7 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $503.1K | 11,427 | 0.3% | 7 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $397.5K | 945 | 0.3% | 4 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $393.6K | 1,202 | 0.3% | 6 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $391.9K | 3,156 | 0.3% | 7 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $381.1K | 1,511 | 0.2% | 5 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $377.7K | 3,335 | 0.2% | 7 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $371.5K | 2,515 | 0.2% | 7 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $368.7K | 1,517 | 0.2% | 7 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $363.8K | 4,185 | 0.2% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $319.1K | 903 | 0.2% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $307.6K | 814 | 0.2% | 3 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $307.1K | 2,468 | 0.2% | 7 |
| VANGUARD ADMIRAL FDS INC | [VIOG](https://holderbook.com/stocks/VIOG/) | $270.3K | 1,762 | 0.2% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $263.5K | 1,038 | 0.2% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $249.4K | 1,824 | 0.2% | 7 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $243.3K | 211 | 0.2% | 1 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $235.5K | 636 | 0.2% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $226.7K | 189 | 0.1% | 1 |
| ISHARES TR | [AIA](https://holderbook.com/stocks/AIA/) | $217.6K | 1,536 | 0.1% | 1 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $208.3K | 1,125 | 0.1% | 1 |

## 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 | +11.3% | +14.8% | -3.5% | 100% |
| Q1 2026 | -3.0% | -4.6% | +1.6% | 100% |
| Q4 2025 | +0.5% | +2.4% | -1.9% | 100% |
| Q3 2025 | +5.3% | +7.8% | -2.6% | 100% |
| Q2 2025 | +6.6% | +10.5% | -3.8% | 100% |
| Q1 2025 | -2.2% | -4.6% | +2.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $155.6M | 60 |
| Q1 2026 | $132.9M | 57 |
| Q4 2025 | $133.9M | 58 |
| Q3 2025 | $130.2M | 56 |
| Q2 2025 | $121.9M | 53 |
| Q1 2025 | $108.5M | 49 |
| Q4 2024 | $110.5M | 51 |