# Bellwether Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1819815. Source: https://holderbook.com/funds/1819815-bellwether-advisors-llc/

- Reported value: $675.0M
- Positions: 167
- Weight of the ten largest: 42.6%
- Filed: 2026-08-14

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/) | $71.7M | 376,090 | 10.6% | 14 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $44.0M | 58,738 | 6.5% | 23 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $32.8M | 461,032 | 4.9% | 1 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $28.3M | 152,772 | 4.2% | 12 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $22.6M | 142,132 | 3.3% | 3 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $22.5M | 191,679 | 3.3% | 13 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $19.5M | 235,732 | 2.9% | 1 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $18.3M | 170,958 | 2.7% | 13 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $14.2M | 28,442 | 2.1% | 3 |
| INNOVATOR ETFS TRUST | [PJAN](https://holderbook.com/stocks/PJAN/) | $13.9M | 280,308 | 2.1% | 23 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $12.0M | 224,737 | 1.8% | 12 |
| INNOVATOR ETFS TRUST | [PDEC](https://holderbook.com/stocks/PDEC/) | $10.8M | 235,490 | 1.6% | 23 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $10.2M | 105,891 | 1.5% | 23 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $9.9M | 186,936 | 1.5% | 2 |
| ISHARES TR | [IXN](https://holderbook.com/stocks/IXN/) | $9.6M | 66,780 | 1.4% | 23 |
| INNOVATOR ETFS TRUST | [PAPR](https://holderbook.com/stocks/PAPR/) | $9.2M | 218,580 | 1.4% | 23 |
| INNOVATOR ETFS TRUST | [PJUL](https://holderbook.com/stocks/PJUL/) | $8.0M | 163,173 | 1.2% | 20 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $7.8M | 101,003 | 1.2% | 23 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $7.6M | 58,048 | 1.1% | 1 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $7.5M | 147,758 | 1.1% | 2 |
| INNOVATOR ETFS TRUST | [PJUN](https://holderbook.com/stocks/PJUN/) | $7.4M | 171,305 | 1.1% | 23 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $7.4M | 88,928 | 1.1% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $7.4M | 29,305 | 1.1% | 23 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $7.3M | 48,973 | 1.1% | 23 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $6.9M | 45,967 | 1.0% | 1 |
| NORTHERN LIGHTS FD TR | - | $6.8M | 270,024 | 1.0% | 1 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $6.8M | 19,694 | 1.0% | 23 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $6.7M | 5,843 | 1.0% | 2 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $6.7M | 10,536 | 1.0% | 3 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $6.6M | 5,843 | 1.0% | 23 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $6.3M | 8,375 | 0.9% | 23 |
| INNOVATOR ETFS TRUST | [PMAR](https://holderbook.com/stocks/PMAR/) | $6.2M | 129,657 | 0.9% | 23 |
| INNOVATOR ETFS TRUST | [PNOV](https://holderbook.com/stocks/PNOV/) | $6.0M | 134,829 | 0.9% | 23 |
| INNOVATOR ETFS TRUST | [PSEP](https://holderbook.com/stocks/PSEP/) | $5.8M | 126,367 | 0.9% | 23 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $5.5M | 121,042 | 0.8% | 1 |
| FIDELITY COVINGTON TRUST | [FSTA](https://holderbook.com/stocks/FSTA/) | $5.2M | 98,689 | 0.8% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.0M | 13,211 | 0.7% | 11 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $4.8M | 13,114 | 0.7% | 2 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $4.4M | 17,060 | 0.6% | 1 |
| INNOVATOR ETFS TRUST | [BJUL](https://holderbook.com/stocks/BJUL/) | $4.1M | 74,924 | 0.6% | 17 |
| INNOVATOR ETFS TRUST | [PAUG](https://holderbook.com/stocks/PAUG/) | $3.9M | 84,532 | 0.6% | 23 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $3.8M | 39,313 | 0.6% | 23 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $3.7M | 4,432 | 0.5% | 5 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $3.5M | 46,755 | 0.5% | 2 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $3.5M | 1,539 | 0.5% | 1 |
| INNOVATOR ETFS TRUST | [BFEB](https://holderbook.com/stocks/BFEB/) | $3.5M | 66,453 | 0.5% | 23 |
| CURTISS WRIGHT CORP | [CW](https://holderbook.com/stocks/CW/) | $3.5M | 4,553 | 0.5% | 1 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $3.4M | 8,660 | 0.5% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $3.4M | 24,556 | 0.5% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.4M | 2,793 | 0.5% | 3 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $3.2M | 19,674 | 0.5% | 1 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $3.2M | 7,359 | 0.5% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.2M | 8,465 | 0.5% | 23 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $3.1M | 7,404 | 0.5% | 1 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $3.0M | 68,904 | 0.4% | 1 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $2.9M | 10,674 | 0.4% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.9M | 8,251 | 0.4% | 9 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $2.8M | 8,092 | 0.4% | 1 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $2.8M | 20,230 | 0.4% | 23 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $2.7M | 2,760 | 0.4% | 1 |
| INNOVATOR ETFS TRUST | [PFEB](https://holderbook.com/stocks/PFEB/) | $2.6M | 59,530 | 0.4% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.5M | 4,490 | 0.4% | 23 |
| INNOVATOR ETFS TRUST | [PMAY](https://holderbook.com/stocks/PMAY/) | $2.5M | 60,745 | 0.4% | 23 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $2.4M | 3,393 | 0.4% | 1 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $2.4M | 1,230 | 0.4% | 2 |
| INNOVATOR ETFS TRUST | [POCT](https://holderbook.com/stocks/POCT/) | $2.4M | 50,797 | 0.3% | 23 |
| INNOVATOR ETFS TRUST | [BJAN](https://holderbook.com/stocks/BJAN/) | $2.3M | 38,480 | 0.3% | 23 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $2.3M | 23,453 | 0.3% | 1 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $2.2M | 48,538 | 0.3% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.2M | 9,141 | 0.3% | 3 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $2.2M | 11,441 | 0.3% | 23 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.2M | 7,490 | 0.3% | 3 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.9M | 21,000 | 0.3% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.9M | 4,486 | 0.3% | 7 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.8M | 18,034 | 0.3% | 23 |
| REDDIT INC | [RDDT](https://holderbook.com/stocks/RDDT/) | $1.7M | 9,865 | 0.3% | 1 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $1.6M | 14,313 | 0.2% | 1 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $1.6M | 6,646 | 0.2% | 2 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $1.6M | 17,827 | 0.2% | 23 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $1.6M | 6,103 | 0.2% | 1 |
| ISHARES TR | [USIG](https://holderbook.com/stocks/USIG/) | $1.6M | 30,236 | 0.2% | 23 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.5M | 1,642 | 0.2% | 2 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $1.5M | 5,541 | 0.2% | 1 |
| FIDELITY COVINGTON TRUST | [FUTY](https://holderbook.com/stocks/FUTY/) | $1.5M | 25,945 | 0.2% | 2 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.5M | 21,224 | 0.2% | 1 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $1.5M | 14,747 | 0.2% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.5M | 3,445 | 0.2% | 1 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $1.5M | 8,824 | 0.2% | 1 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $1.5M | 2,044 | 0.2% | 2 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $1.4M | 2,669 | 0.2% | 1 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $1.4M | 29,887 | 0.2% | 23 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $1.4M | 3,867 | 0.2% | 1 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $1.4M | 4,499 | 0.2% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.4M | 1,324 | 0.2% | 7 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.4M | 7,887 | 0.2% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.4M | 1,194 | 0.2% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $1.4M | 4,642 | 0.2% | 1 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.4M | 1,994 | 0.2% | 23 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $1.2M | 8,228 | 0.2% | 1 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $1.2M | 2,467 | 0.2% | 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 | +15.2% | +14.8% | +0.4% | 100% |
| Q1 2026 | -4.7% | -4.6% | -0.0% | 100% |
| Q4 2025 | -1.3% | +2.4% | -3.7% | 100% |
| Q3 2025 | +7.5% | +7.8% | -0.3% | 100% |
| Q2 2025 | +12.1% | +10.5% | +1.7% | 100% |
| Q1 2025 | -5.8% | -4.6% | -1.2% | 100% |
| Q4 2024 | +2.5% | +2.1% | +0.4% | 100% |
| Q3 2024 | +5.9% | +5.4% | +0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $675.0M | 167 |
| Q1 2026 | $590.2M | 159 |
| Q4 2025 | $626.6M | 134 |
| Q3 2025 | $604.9M | 136 |
| Q2 2025 | $585.4M | 598 |
| Q1 2025 | $478.7M | 513 |
| Q4 2024 | $559.2M | 513 |
| Q3 2024 | $520.6M | 125 |
| Q2 2024 | $476.8M | 119 |
| Q1 2024 | $455.2M | 118 |
| Q4 2023 | $406.7M | 113 |
| Q3 2023 | $367.5M | 111 |