# Whitcomb & Hess, Inc.

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1813577. Source: https://holderbook.com/funds/1813577-whitcomb-hess-inc/

- Reported value: $466.9M
- Positions: 65
- Weight of the ten largest: 68.5%
- Filed: 2026-10-07

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 | [SPYV](https://holderbook.com/stocks/SPYV/) | $61.5M | 1,005,556 | 13.2% | 22 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $56.4M | 798,473 | 12.1% | 22 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $44.7M | 363,094 | 9.6% | 22 |
| EA SERIES TRUST | [BOXX](https://holderbook.com/stocks/BOXX/) | $34.2M | 288,954 | 7.3% | 10 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $24.7M | 342,645 | 5.3% | 22 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $24.4M | 179,191 | 5.2% | 22 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $22.2M | 374,645 | 4.8% | 22 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $19.2M | 432,362 | 4.1% | 22 |
| SPDR SERIES TRUST | [FLRN](https://holderbook.com/stocks/FLRN/) | $16.6M | 537,870 | 3.6% | 10 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $16.2M | 281,232 | 3.5% | 18 |
| INVESCO EXCH TRADED FD TR II | [PGHY](https://holderbook.com/stocks/PGHY/) | $14.5M | 758,374 | 3.1% | 22 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $14.1M | 160,171 | 3.0% | 18 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $13.8M | 223,875 | 2.9% | 22 |
| ISHARES INC | [EWP](https://holderbook.com/stocks/EWP/) | $13.0M | 219,961 | 2.8% | 22 |
| GLOBAL X FDS | [LIT](https://holderbook.com/stocks/LIT/) | $12.3M | 179,106 | 2.6% | 11 |
| ISHARES INC | [ECH](https://holderbook.com/stocks/ECH/) | $11.3M | 298,532 | 2.4% | 22 |
| VANECK ETF TRUST | [EMLC](https://holderbook.com/stocks/EMLC/) | $10.9M | 437,431 | 2.3% | 22 |
| ISHARES INC | [EWM](https://holderbook.com/stocks/EWM/) | $10.8M | 395,199 | 2.3% | 22 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $10.8M | 289,053 | 2.3% | 18 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $3.1M | 112,912 | 0.7% | 22 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $2.6M | 18,597 | 0.6% | 22 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $2.6M | 45,354 | 0.6% | 16 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $2.1M | 26,033 | 0.5% | 17 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $2.1M | 12,495 | 0.4% | 22 |
| FRANKLIN TEMPLETON ETF TR | [FLBR](https://holderbook.com/stocks/FLBR/) | $2.0M | 84,023 | 0.4% | 8 |
| SPDR SERIES TRUST | [SPSB](https://holderbook.com/stocks/SPSB/) | $1.8M | 60,722 | 0.4% | 22 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $1.7M | 7,381 | 0.4% | 22 |
| VANECK ETF TRUST | [HYEM](https://holderbook.com/stocks/HYEM/) | $1.5M | 77,559 | 0.3% | 12 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.2M | 3,635 | 0.3% | 22 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $1.2M | 31,843 | 0.2% | 18 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $948.1K | 1,848 | 0.2% | 20 |
| PROFESIONALLY MANAGED PORTFO | [AKRE](https://holderbook.com/stocks/AKRE/) | $825.8K | 15,679 | 0.2% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $769.7K | 1,009 | 0.2% | 12 |
| LIQUIDIA CORPORATION | [LQDA](https://holderbook.com/stocks/LQDA/) | $757.5K | 25,034 | 0.2% | 10 |
| DBX ETF TR | [HYLB](https://holderbook.com/stocks/HYLB/) | $730.7K | 20,746 | 0.2% | 22 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $678.9K | 1,814 | 0.1% | 21 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $672.3K | 4,192 | 0.1% | 14 |
| ISHARES INC | [LEMB](https://holderbook.com/stocks/LEMB/) | $670.8K | 15,877 | 0.1% | 12 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $634.9K | 7,473 | 0.1% | 21 |
| VANGUARD ADMIRAL FDS INC | [VIOO](https://holderbook.com/stocks/VIOO/) | $509.4K | 4,026 | 0.1% | 16 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $496.2K | 1,897 | 0.1% | 20 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $371.4K | 5,294 | 0.1% | 12 |
| CAMBRIA ETF TR | [GVAL](https://holderbook.com/stocks/GVAL/) | $370.6K | 9,795 | 0.1% | 12 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $365.4K | 494 | 0.1% | 11 |
| GORMAN RUPP CO | [GRC](https://holderbook.com/stocks/GRC/) | $333.5K | 4,478 | 0.1% | 5 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $322.4K | 3,028 | 0.1% | 3 |
| AIRGAIN INC | [AIRG](https://holderbook.com/stocks/AIRG/) | $310.6K | 62,615 | 0.1% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $305.8K | 924 | 0.1% | 22 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $290.0K | 1,420 | 0.1% | 5 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $280.9K | 1,502 | 0.1% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $271.7K | 1,026 | 0.1% | 4 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $268.4K | 528 | 0.1% | 12 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $267.9K | 2,650 | 0.1% | 16 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $235.9K | 2,741 | 0.1% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $229.8K | 1,581 | 0.0% | 4 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $226.7K | 1,188 | 0.0% | 2 |
| PENTAIR PLC | [PNR](https://holderbook.com/stocks/PNR/) | $222.2K | 4,193 | 0.0% | 15 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $221.0K | 2,453 | 0.0% | 2 |
| ISHARES TR | [EIDO](https://holderbook.com/stocks/EIDO/) | $212.4K | 18,104 | 0.0% | 3 |
| CLEVELAND-CLIFFS INC NEW | [CLF](https://holderbook.com/stocks/CLF/) | $212.1K | 19,266 | 0.0% | 6 |
| VANECK ETF TRUST | [REMX](https://holderbook.com/stocks/REMX/) | $208.5K | 3,245 | 0.0% | 6 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $201.6K | 1,239 | 0.0% | 1 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $200.4K | 6,680 | 0.0% | 1 |
| WENDYS CO | [WEN](https://holderbook.com/stocks/WEN/) | $82.3K | 12,906 | 0.0% | 15 |
| ANGEL STUDIOS INC | [ANGX](https://holderbook.com/stocks/ANGX/) | $62.5K | 13,375 | 0.0% | 2 |

## 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 | +6.1% | +14.8% | -8.7% | 100% |
| Q1 2026 | +1.7% | -4.6% | +6.3% | 97% |
| Q4 2025 | +3.2% | +2.4% | +0.9% | 100% |
| Q3 2025 | +7.7% | +7.8% | -0.1% | 100% |
| Q2 2025 | +6.3% | +10.5% | -4.1% | 100% |
| Q1 2025 | +1.4% | -4.6% | +6.0% | 100% |
| Q4 2024 | -4.0% | +2.1% | -6.1% | 100% |
| Q3 2024 | +6.3% | +5.4% | +0.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $466.9M | 65 |
| Q2 2026 | $463.0M | 66 |
| Q1 2026 | $428.8M | 64 |
| Q4 2025 | $424.1M | 60 |
| Q3 2025 | $388.9M | 57 |
| Q2 2025 | $354.6M | 54 |
| Q1 2025 | $330.3M | 54 |
| Q4 2024 | $323.8M | 54 |
| Q3 2024 | $336.2M | 56 |
| Q2 2024 | $321.0M | 52 |
| Q1 2024 | $311.2M | 51 |
| Q4 2023 | $291.0M | 45 |