# WEALTH EFFECTS LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1907254. Source: https://holderbook.com/funds/1907254-wealth-effects-llc/

- Reported value: $370.5M
- Positions: 256
- Weight of the ten largest: 40.7%
- Filed: 2026-08-06

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $31.5M | 157,193 | 8.5% | 19 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $22.9M | 79,306 | 6.2% | 19 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $22.4M | 19,433 | 6.1% | 10 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $15.2M | 63,876 | 4.1% | 19 |
| ARROWHEAD PHARMACEUTICALS IN | [ARWR](https://holderbook.com/stocks/ARWR/) | $12.0M | 147,300 | 3.2% | 19 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $10.6M | 28,679 | 2.9% | 15 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $10.4M | 29,080 | 2.8% | 19 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $9.9M | 30,178 | 2.7% | 19 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $8.9M | 25,330 | 2.4% | 19 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $7.0M | 14,490 | 1.9% | 2 |
| DIGITALOCEAN HLDGS INC | [DOCN](https://holderbook.com/stocks/DOCN/) | $6.9M | 43,835 | 1.9% | 19 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.4M | 17,183 | 1.7% | 19 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $6.2M | 11,025 | 1.7% | 13 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.0M | 13,149 | 1.3% | 13 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $4.2M | 14,855 | 1.1% | 19 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.2M | 5,569 | 1.1% | 15 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $3.9M | 33,379 | 1.1% | 19 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $3.6M | 3,384 | 1.0% | 19 |
| RUBRIK INC. | [RBRK](https://holderbook.com/stocks/RBRK/) | $3.5M | 44,197 | 1.0% | 2 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $3.4M | 177,130 | 0.9% | 4 |
| REAVES UTIL INCOME FD | [UTG](https://holderbook.com/stocks/UTG/) | $3.3M | 81,985 | 0.9% | 11 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $3.3M | 2,944 | 0.9% | 19 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $2.9M | 33,810 | 0.8% | 15 |
| FIRST TR EXCHANGE-TRADED FD | [RDVY](https://holderbook.com/stocks/RDVY/) | $2.9M | 35,784 | 0.8% | 19 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.8M | 6,552 | 0.7% | 19 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.7M | 5,485 | 0.7% | 19 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.7M | 10,756 | 0.7% | 19 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.6M | 3,819 | 0.7% | 19 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.6M | 18,705 | 0.7% | 4 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $2.6M | 11,906 | 0.7% | 19 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $2.5M | 1,475 | 0.7% | 11 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.4M | 14,694 | 0.7% | 19 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $2.3M | 14,296 | 0.6% | 15 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $2.2M | 6,551 | 0.6% | 9 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $2.1M | 1,780 | 0.6% | 6 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.1M | 2,784 | 0.6% | 19 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $2.0M | 26,570 | 0.6% | 15 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.0M | 4,905 | 0.6% | 19 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.0M | 2,710 | 0.5% | 5 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $1.9M | 33,943 | 0.5% | 16 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.9M | 78,083 | 0.5% | 19 |
| LIGHTPATH TECHNOLOGIES INC | [LPTH](https://holderbook.com/stocks/LPTH/) | $1.9M | 114,250 | 0.5% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JEPQ](https://holderbook.com/stocks/JEPQ/) | $1.9M | 30,293 | 0.5% | 14 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $1.8M | 810 | 0.5% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.8M | 6,920 | 0.5% | 19 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $1.6M | 11,665 | 0.4% | 13 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $1.6M | 5,485 | 0.4% | 19 |
| FIDELITY GREENWOOD STREET TR | [FYEE](https://holderbook.com/stocks/FYEE/) | $1.6M | 53,812 | 0.4% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.5M | 11,041 | 0.4% | 19 |
| ENOVIX CORPORATION | [ENVX](https://holderbook.com/stocks/ENVX/) | $1.5M | 248,021 | 0.4% | 15 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.4M | 12,278 | 0.4% | 19 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.4M | 2,366 | 0.4% | 3 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $1.4M | 6,014 | 0.4% | 15 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.4M | 31,935 | 0.4% | 19 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $1.3M | 32,650 | 0.4% | 18 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.3M | 3,498 | 0.4% | 9 |
| FIDELITY COVINGTON TRUST | [FBCG](https://holderbook.com/stocks/FBCG/) | $1.3M | 21,032 | 0.4% | 9 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.3M | 10,164 | 0.4% | 19 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.3M | 8,751 | 0.3% | 19 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $1.2M | 4,173 | 0.3% | 2 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $1.2M | 5,173 | 0.3% | 19 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $1.2M | 4,797 | 0.3% | 1 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $1.2M | 7,166 | 0.3% | 1 |
| EA SERIES TRUST | [ITAN](https://holderbook.com/stocks/ITAN/) | $1.2M | 28,321 | 0.3% | 4 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.2M | 13,459 | 0.3% | 19 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.2M | 20,647 | 0.3% | 19 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $1.1M | 5,500 | 0.3% | 19 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.1M | 3,226 | 0.3% | 19 |
| GLOBAL X FDS | [QYLD](https://holderbook.com/stocks/QYLD/) | $1.1M | 58,979 | 0.3% | 19 |
| IMMUNITYBIO INC | [IBRX](https://holderbook.com/stocks/IBRX/) | $1.1M | 121,850 | 0.3% | 18 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.1M | 2,905 | 0.3% | 19 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $1.0M | 8,719 | 0.3% | 19 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $1.0M | 1,600 | 0.3% | 3 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.0M | 6,781 | 0.3% | 15 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $990.4K | 2,808 | 0.3% | 19 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $967.0K | 10,325 | 0.3% | 19 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $965.3K | 1,000 | 0.3% | 3 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $899.4K | 16,935 | 0.2% | 19 |
| PITNEY BOWES INC | [PBI](https://holderbook.com/stocks/PBI/) | $893.5K | 51,000 | 0.2% | 19 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $889.9K | 742 | 0.2% | 17 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $880.1K | 6,005 | 0.2% | 19 |
| ROUNDHILL ETF TRUST | - | $860.4K | 11,650 | 0.2% | 1 |
| BLACKROCK SCIENCE & TECHNOLO | [BST](https://holderbook.com/stocks/BST/) | $849.7K | 16,755 | 0.2% | 19 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $833.5K | 891 | 0.2% | 19 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $819.9K | 8,590 | 0.2% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $815.5K | 1,092 | 0.2% | 19 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $806.3K | 4,754 | 0.2% | 19 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $799.9K | 10,121 | 0.2% | 19 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $793.7K | 13,775 | 0.2% | 19 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $780.6K | 14,598 | 0.2% | 7 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $778.2K | 769 | 0.2% | 10 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $766.2K | 385 | 0.2% | 8 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $745.7K | 4,701 | 0.2% | 8 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $740.0K | 3,900 | 0.2% | 19 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $721.9K | 946 | 0.2% | 1 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $718.6K | 9,789 | 0.2% | 13 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $698.3K | 9,213 | 0.2% | 15 |
| AXCELIS TECHNOLOGIES INC | [ACLS](https://holderbook.com/stocks/ACLS/) | $674.6K | 3,561 | 0.2% | 3 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $671.5K | 7,855 | 0.2% | 15 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $669.0K | 1,569 | 0.2% | 15 |

## 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 | +24.4% | +14.8% | +9.6% | 100% |
| Q1 2026 | -2.8% | -4.6% | +1.8% | 87% |
| Q4 2025 | +7.4% | +2.4% | +5.0% | 100% |
| Q3 2025 | +16.4% | +7.8% | +8.6% | 100% |
| Q2 2025 | +13.4% | +10.5% | +3.0% | 100% |
| Q1 2025 | -10.8% | -4.6% | -6.3% | 100% |
| Q4 2024 | +0.4% | +2.1% | -1.8% | 100% |
| Q3 2024 | +2.7% | +5.4% | -2.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $370.5M | 256 |
| Q1 2026 | $282.2M | 237 |
| Q4 2025 | $319.7M | 218 |
| Q3 2025 | $311.0M | 217 |
| Q2 2025 | $267.3M | 205 |
| Q1 2025 | $238.1M | 198 |
| Q4 2024 | $281.5M | 212 |
| Q3 2024 | $285.4M | 217 |
| Q2 2024 | $275.9M | 209 |
| Q1 2024 | $271.1M | 217 |
| Q4 2023 | $266.0M | 227 |
| Q3 2023 | $202.5M | 197 |