# Paul John Balson

> Institutional holdings reported to the SEC as of Q4 2020 on Form 13F. CIK 1809125. Source: https://holderbook.com/funds/1809125-paul-john-balson/

- Reported value: $485.6M
- Positions: 90
- Weight of the ten largest: 85.6%
- Filed: 2021-02-17

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $346.6M | 2,611,743 | 71.4% | 4 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $14.2M | 20,075 | 2.9% | 4 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $9.1M | 29,043 | 1.9% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.2M | 2,526 | 1.7% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $7.3M | 19,629 | 1.5% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $7.3M | 32,695 | 1.5% | 4 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $7.3M | 20,206 | 1.5% | 4 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $6.9M | 22,508 | 1.4% | 4 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $5.8M | 17,082 | 1.2% | 4 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $3.0M | 14,743 | 0.6% | 4 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $3.0M | 11,838 | 0.6% | 4 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $2.9M | 20,388 | 0.6% | 4 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $2.7M | 39,834 | 0.6% | 4 |
| ARK ETF TR | [ARKK](https://holderbook.com/stocks/ARKK/) | $2.6M | 20,669 | 0.5% | 4 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $2.5M | 12,747 | 0.5% | 4 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $2.4M | 20,139 | 0.5% | 4 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $2.2M | 10,396 | 0.5% | 4 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $2.1M | 19,855 | 0.4% | 4 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.9M | 8,357 | 0.4% | 4 |
| ISHARES TR | [IYH](https://holderbook.com/stocks/IYH/) | $1.8M | 7,314 | 0.4% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.8M | 7,600 | 0.4% | 4 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $1.6M | 7,700 | 0.3% | 3 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $1.5M | 4,216 | 0.3% | 4 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $1.4M | 14,982 | 0.3% | 4 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.4M | 2,750 | 0.3% | 4 |
| ARK ETF TR | [ARKW](https://holderbook.com/stocks/ARKW/) | $1.4M | 9,740 | 0.3% | 3 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.4M | 19,423 | 0.3% | 4 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $1.4M | 1,246 | 0.3% | 4 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $1.3M | 12,464 | 0.3% | 4 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $1.3M | 8,850 | 0.3% | 4 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $1.2M | 5,660 | 0.3% | 4 |
| ARK ETF TR | [ARKG](https://holderbook.com/stocks/ARKG/) | $1.2M | 12,628 | 0.2% | 3 |
| VANGUARD WORLD FD | [MGC](https://holderbook.com/stocks/MGC/) | $1.1M | 8,599 | 0.2% | 4 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.1M | 6,210 | 0.2% | 4 |
| TELADOC HEALTH INC | [TDOC](https://holderbook.com/stocks/TDOC/) | $1.1M | 5,499 | 0.2% | 4 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.1M | 5,629 | 0.2% | 3 |
| THE TRADE DESK INC | [TTD](https://holderbook.com/stocks/TTD/) | $1.1M | 1,348 | 0.2% | 3 |
| LEMONADE INC | [LMND](https://holderbook.com/stocks/LMND/) | $1.0M | 8,500 | 0.2% | 1 |
| Alphabet | - | $997.0K | 569 | 0.2% | 4 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $861.0K | 16,661 | 0.2% | 4 |
| ARK ETF TR | [ARKF](https://holderbook.com/stocks/ARKF/) | $811.0K | 16,310 | 0.2% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $779.0K | 2,183 | 0.2% | 4 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $741.0K | 13,183 | 0.2% | 4 |
| INVESCO EXCHANGE TRADED FD T | [PRF](https://holderbook.com/stocks/PRF/) | $722.0K | 5,417 | 0.1% | 4 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $692.0K | 1,258 | 0.1% | 2 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $674.0K | 8,443 | 0.1% | 4 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $612.0K | 4,041 | 0.1% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $579.0K | 1,650 | 0.1% | 4 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $577.0K | 2,594 | 0.1% | 4 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $575.0K | 2,455 | 0.1% | 4 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $556.0K | 1,463 | 0.1% | 4 |
| SPDR SERIES TRUST | [XSD](https://holderbook.com/stocks/XSD/) | $534.0K | 3,128 | 0.1% | 4 |
| OKTA INC | [OKTA](https://holderbook.com/stocks/OKTA/) | $526.0K | 2,070 | 0.1% | 3 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $511.0K | 3,878 | 0.1% | 1 |
| FASTLY INC | [FSLY](https://holderbook.com/stocks/FSLY/) | $502.0K | 5,750 | 0.1% | 2 |
| ISHARES TR | [IDU](https://holderbook.com/stocks/IDU/) | $470.0K | 6,055 | 0.1% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $456.0K | 2,086 | 0.1% | 4 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $447.0K | 6,131 | 0.1% | 1 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $434.0K | 4,897 | 0.1% | 4 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $431.0K | 4,706 | 0.1% | 4 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $428.0K | 856 | 0.1% | 4 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $402.0K | 2,365 | 0.1% | 1 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $398.0K | 4,047 | 0.1% | 3 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $390.0K | 1,839 | 0.1% | 4 |
| NICE LTD | [NICE](https://holderbook.com/stocks/NICE/) | $387.0K | 1,366 | 0.1% | 2 |
| VANGUARD WORLD FD | [VAW](https://holderbook.com/stocks/VAW/) | $383.0K | 2,438 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $369.0K | 1,380 | 0.1% | 4 |
| DRAFTKINGS INC | [DKNGXXXX](https://holderbook.com/stocks/DKNGXXXX/) | $365.0K | 7,850 | 0.1% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $347.0K | 1,272 | 0.1% | 4 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $327.0K | 3,568 | 0.1% | 2 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $327.0K | 970 | 0.1% | 3 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $323.0K | 5,212 | 0.1% | 1 |
| CERNER CORP | [CERN](https://holderbook.com/stocks/CERN/) | $316.0K | 4,022 | 0.1% | 4 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $299.0K | 1,675 | 0.1% | 3 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $288.0K | 1,163 | 0.1% | 4 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $278.0K | 752 | 0.1% | 4 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $275.0K | 2,518 | 0.1% | 2 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $258.0K | 477 | 0.1% | 3 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $251.0K | 3,084 | 0.1% | 1 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $249.0K | 558 | 0.1% | 1 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $235.0K | 1,482 | 0.0% | 1 |
| ZSCALER INC | [ZS](https://holderbook.com/stocks/ZS/) | $232.0K | 1,160 | 0.0% | 1 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $229.0K | 2,144 | 0.0% | 1 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $227.0K | 480 | 0.0% | 1 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $220.0K | 899 | 0.0% | 1 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $217.0K | 868 | 0.0% | 4 |
| INVITAE CORP | [NVTAQ](https://holderbook.com/stocks/NVTAQ/) | $217.0K | 5,200 | 0.0% | 2 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $208.0K | 680 | 0.0% | 1 |
| FIVERR INTL LTD | [FVRR](https://holderbook.com/stocks/FVRR/) | $203.0K | 1,040 | 0.0% | 1 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $202.0K | 780 | 0.0% | 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 |
|---|---|---|---|---|
| Q4 2020 | +15.9% | +11.6% | +4.3% | 100% |
| Q3 2020 | +21.9% | +8.6% | +13.3% | 100% |
| Q2 2020 | +38.4% | +19.6% | +18.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2020 | $485.6M | 90 |
| Q3 2020 | $403.6M | 76 |
| Q2 2020 | $265.9M | 74 |
| Q1 2020 | $186.8M | 64 |