# Castellan Group

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1832521. Source: https://holderbook.com/funds/1832521-castellan-group/

- Reported value: $912.1M
- Positions: 41
- Weight of the ten largest: 92.4%
- Filed: 2026-07-23

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 | [CTEF](https://holderbook.com/stocks/CTEF/) | $611.0M | 6,474,991 | 67.0% | 5 |
| EA SERIES TRUST | [CTIF](https://holderbook.com/stocks/CTIF/) | $176.7M | 3,441,216 | 19.4% | 5 |
| EA SERIES TRUST | [BOXX](https://holderbook.com/stocks/BOXX/) | $20.5M | 174,989 | 2.2% | 5 |
| CARETRUST REIT INC | [CTRE](https://holderbook.com/stocks/CTRE/) | $5.3M | 130,431 | 0.6% | 7 |
| LXP INDUSTRIAL TRUST | [LXP](https://holderbook.com/stocks/LXP/) | $5.1M | 95,074 | 0.6% | 1 |
| EDISON INTL | [EIX](https://holderbook.com/stocks/EIX/) | $5.1M | 68,216 | 0.6% | 1 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $4.9M | 41,625 | 0.5% | 7 |
| EASTGROUP PPTYS INC | [EGP](https://holderbook.com/stocks/EGP/) | $4.8M | 23,817 | 0.5% | 7 |
| DELEK LOGISTICS PARTNERS LP | [DKL](https://holderbook.com/stocks/DKL/) | $4.8M | 93,263 | 0.5% | 12 |
| FIRST INDL RLTY TR INC | [FR](https://holderbook.com/stocks/FR/) | $4.8M | 77,858 | 0.5% | 4 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $4.7M | 82,931 | 0.5% | 6 |
| ABRDN PRECIOUS METALS BASKET | [GLTR](https://holderbook.com/stocks/GLTR/) | $4.6M | 25,490 | 0.5% | 20 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $4.6M | 52,238 | 0.5% | 6 |
| GETTY RLTY CORP NEW | [GTY](https://holderbook.com/stocks/GTY/) | $4.6M | 136,677 | 0.5% | 6 |
| CLEARWAY ENERGY INC | [CWEN](https://holderbook.com/stocks/CWEN/) | $4.6M | 133,280 | 0.5% | 14 |
| BROOKFIELD INFRASTRUCTURE CO | [BIPC](https://holderbook.com/stocks/BIPC/) | $4.6M | 118,241 | 0.5% | 1 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $4.5M | 168,848 | 0.5% | 1 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $4.4M | 25,830 | 0.5% | 6 |
| HESS MIDSTREAM LP | [HESM](https://holderbook.com/stocks/HESM/) | $4.2M | 113,021 | 0.5% | 12 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $3.8M | 71,851 | 0.4% | 14 |
| PGIM ROCK ETF TR | [OCTP](https://holderbook.com/stocks/OCTP/) | $2.5M | 78,480 | 0.3% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.2M | 5,900 | 0.2% | 23 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $2.1M | 24,668 | 0.2% | 20 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $1.9M | 19,719 | 0.2% | 20 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.8M | 13,453 | 0.2% | 23 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.8M | 10,867 | 0.2% | 23 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.6M | 2,196 | 0.2% | 1 |
| INNOVATOR ETFS TRUST | [DDFN](https://holderbook.com/stocks/DDFN/) | $1.6M | 79,420 | 0.2% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.4M | 6,562 | 0.2% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.3M | 0 | 0.1% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.1M | 7,600 | 0.1% | 2 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $774.4K | 0 | 0.1% | 2 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $726.6K | 6,995 | 0.1% | 1 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $690.1K | 2,297 | 0.1% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $672.1K | 900 | 0.1% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $572.0K | 2,400 | 0.1% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $563.3K | 1,000 | 0.1% | 4 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $436.9K | 2,000 | 0.0% | 7 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $299.4K | 3,105 | 0.0% | 1 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $252.4K | 585 | 0.0% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $242.4K | 210 | 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 |
|---|---|---|---|---|
| Q2 2025 | +11.2% | +10.5% | +0.7% | 100% |
| Q1 2025 | -5.1% | -4.6% | -0.5% | 100% |
| Q4 2024 | +3.5% | +2.1% | +1.4% | 100% |
| Q3 2024 | +7.5% | +5.4% | +2.1% | 100% |
| Q2 2024 | +0.2% | +4.0% | -3.8% | 100% |
| Q1 2024 | +20.1% | +10.0% | +10.0% | 100% |
| Q4 2023 | +12.1% | +11.2% | +0.9% | 100% |
| Q3 2023 | -4.2% | -3.6% | -0.6% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $912.1M | 41 |
| Q1 2026 | $725.7M | 36 |
| Q4 2025 | $795.2M | 60 |
| Q3 2025 | $690.4M | 40 |
| Q2 2025 | $542.8M | 31 |
| Q1 2025 | $357.6M | 65 |
| Q4 2024 | $230.8M | 61 |
| Q3 2024 | $237.2M | 59 |
| Q2 2024 | $210.1M | 59 |
| Q1 2024 | $195.3M | 59 |
| Q4 2023 | $161.0M | 57 |
| Q3 2023 | $142.3M | 60 |