Phraction Management LLC
Reported holdings as of Q2 2026, from 19 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T OPT | SPY | $182.3M | 1,054 | +10.26pp | 5q | HELD | |
| AMAZON COM INC | AMZN | $34.6M | 145,203 | -0.38pp | 19q | +1.2%+$423.1K | |
| ALPHABET INC | GOOGL | $27.5M | 76,858 | -0.70pp | 19q | -13.8%-$4.4M | |
| ASML HLDG NV | ASML | $26.9M | 13,512 | +0.59pp | 7q | -5.9%-$1.7M | |
| MICROSOFT CORP | MSFT | $23.4M | 62,618 | -0.90pp | 19q | HELD | |
| ANALOG DEVICES INC | ADI | $18.9M | 47,530 | -1.88pp | 19q | -38.0%-$11.6M | |
| THERMO FISHER SCIENTIFIC INC | TMO | $17.3M | 34,535 | -0.40pp | 19q | +6.4%+$1.0M | |
| ENTEGRIS INC | ENTG | $17.3M | 95,964 | +0.31pp | 7q | -9.9%-$1.9M | |
| ALPHABET INC | GOOG | $15.9M | 44,885 | -0.78pp | 19q | -22.5%-$4.6M | |
| APPLIED MATLS INC | AMAT | $15.5M | 21,394 | +1.08pp | 19q | HELD | |
| BANK OF AMER CORP | BACPRL | $15.3M | 12,158 | -0.46pp | 18q | -0.5%-$84.1K | |
| DANAHER CORP DEL | DHR | $13.2M | 69,059 | -0.93pp | 17q | -13.5%-$2.1M | |
| LINDE PLC | LIN | $12.5M | 24,156 | -0.38pp | 14q | HELD | |
| TRANSDIGM GROUP INC | TDG | $10.3M | 7,754 | -0.11pp | 3q | +1.2%+$118.6K | |
| VISA INC | V | $10.1M | 29,298 | -0.14pp | 19q | HELD | |
| RTX CORPORATION | RTX | $9.7M | 50,960 | -0.66pp | 19q | -11.0%-$1.2M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $9.3M | 18,625 | -0.23pp | 19q | +3.2%+$292.7K | |
| META PLATFORMS INC | META | $9.0M | 15,964 | +0.75pp | 19q | +150.0%+$5.4M | |
| SPROTT ASSET MANAGEMENT LP | PHYS | $8.8M | 290,467 | -0.48pp | 19q | +9.0%+$724.1K | |
| S&P GLOBAL INC | SPGI | $8.8M | 21,505 | -0.83pp | 19q | -17.5%-$1.9M | |
| WILLIAMS COS INC | WMB | $8.0M | 108,275 | -0.31pp | 19q | -2.0%-$165.8K | |
| TELEDYNE TECHNOLOGIES INC | TDY | $8.0M | 11,944 | -0.16pp | 13q | HELD | |
| TEXAS INSTRS INC | TXN | $7.8M | 26,146 | +0.04pp | 13q | -17.3%-$1.6M | |
| WELLS FARGO & CO | WFCPRL | $7.5M | 6,522 | -0.27pp | 19q | +1.3%+$98.3K | |
| BECTON DICKINSON & CO | BDX | $7.0M | 46,448 | -0.33pp | 19q | HELD | |
| HONEYWELL INTL INC | HON | $6.9M | 30,832 | - | new | NEW | |
| LAM RESEARCH CORP | LRCX | $6.8M | 15,774 | +0.18pp | 7q | -28.2%-$2.7M | |
| HONEYWELL AEROSPACE INC | HONA | $6.8M | 30,821 | - | new | NEW | |
| SYNOPSYS INC | SNPS | $6.4M | 14,316 | -0.06pp | 4q | +3.8%+$236.0K | |
| BANK OF AMER CORP | BAC | $5.5M | 95,835 | -0.23pp | 19q | -16.0%-$1.0M | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $4.6M | 37,525 | -0.45pp | 19q | HELD | |
| PHILIP MORRIS INTL INC | PM | $4.5M | 25,004 | -0.14pp | 19q | -5.2%-$246.9K | |
| FERGUSON ENTERPRISES INC | FERG | $4.4M | 18,375 | -0.16pp | 6q | HELD | |
| ISHARES BITCOIN TRUST ETF | IBIT | $2.5M | 75,200 | -0.18pp | 7q | HELD | |
| PEPSICO INC | PEP | $2.0M | 14,666 | -0.14pp | 8q | HELD | |
| MARKETWISE INC | MKTW | $1.6M | 92,316 | -0.10pp | 5q | -6.1%-$107.0K | |
| NVIDIA CORPORATION | NVDA | $1.6M | 8,000 | -0.02pp | 10q | HELD | |
| BOSTON SCIENTIFIC CORP | BSX | $1.6M | 36,558 | -0.21pp | 2q | HELD | |
| EATON CORP PLC | ETN | $1.4M | 3,238 | -0.01pp | 3q | HELD | |
| BROOKFIELD CORP | BN | $1.3M | 30,172 | -0.04pp | 5q | HELD | |
| INVESCO EXCHANGE TRADED FD T | RSP | $1.2M | 5,648 | -0.03pp | 10q | -4.2%-$52.8K | |
| VANECK ETF TRUST | GDX | $1.0M | 13,770 | -0.09pp | 15q | HELD | |
| APPLE INC | AAPL | $1.0M | 3,499 | -0.01pp | 19q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VEU | $1.0M | 12,062 | -0.02pp | 15q | HELD | |
| VANECK ETF TRUST | MOAT | $945.5K | 9,095 | -0.02pp | 18q | HELD | |
| INVESCO EXCHANGE TRADED FD T | SPGP | $820.6K | 6,710 | -0.01pp | 18q | HELD | |
| ENERGY TRANSFER L P | ETPRI | $819.5K | 71,510 | -0.03pp | 2q | +4.1%+$32.2K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $816.4K | 22,209 | -0.04pp | 3q | HELD | |
| DBX ETF TR | ASHR | $645.6K | 17,610 | -0.01pp | 19q | HELD | |
| ISHARES TR | IHI | $548.0K | 11,091 | -0.03pp | 18q | HELD | |
| ISHARES TR | INDA | $503.6K | 10,196 | -0.01pp | 3q | HELD | |
| FOMENTO ECONOMICO MEXICANO S | FMX | $491.8K | 3,845 | -0.01pp | 16q | -2.8%-$14.1K | |
| HOME DEPOT INC | HD | $435.6K | 1,235 | -0.01pp | 19q | HELD | |
| SUPER GROUP SGHC LIMITED | SGHC | $406.9K | 30,031 | flat | 15q | HELD | |
| BROADCOM INC | AVGO | $377.8K | 1,000 | flat | 5q | HELD | |
| MARA HOLDINGS INC | MARA | $347.2K | 25,000 | +0.02pp | 8q | HELD | |
| PROSHARES TR | NOBL | $329.7K | 5,870 | -0.01pp | 2q | +100.0%+$164.8K | |
| INVESCO QQQ TR | QQQ | $313.0K | 425 | flat | 2q | HELD | |
| NORTHROP GRUMMAN CORP | NOC | $308.1K | 605 | -0.03pp | 12q | +6.1%+$17.8K | |
| REGENERON PHARMACEUTICALS | REGN | $228.8K | 367 | -0.02pp | 4q | HELD | |
| SPDR SERIES TRUST | BIL | $218.4K | 2,383 | -0.22pp | 2q | -82.4%-$1.0M | |
| FIRSTENERGY CORP | FE | $209.4K | 4,405 | -0.01pp | 5q | -3.8%-$8.3K | |
| SUI GROUP HOLDINGS LIMITED | SUIG | $37.2K | 32,060 | flat | 3q | HELD | |
| FRACTYL HEALTH INC | GUTS | $32.6K | 41,000 | flat | 2q | HELD | |
| SPLASH BEVERAGE GROUP INC | SBEV | $19.2K | 123,648 | flat | 2q | +76.6%+$8.3K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Funds & ETFs | $182.6M | 30.7% |
| Software & IT Services | $83.7M | 14.1% |
| Semiconductors & Electronics | $44.1M | 7.4% |
| Industrials | $35.1M | 5.9% |
| Retail & Consumer | $35.0M | 5.9% |
| Instruments & Controls | $30.5M | 5.1% |
| Chemicals | $29.8M | 5.0% |
| Autos & Aerospace | $28.3M | 4.7% |
| Business Services | $18.8M | 3.2% |
| Capital Markets | $15.9M | 2.7% |
| Insurance | $9.3M | 1.6% |
| Other sectors | $37.9M | 6.4% |
| Not classified | $44.6M | 7.5% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $595.5M | 65 | 2 | 12 | 19 | 1 | 63.7% | 20 |
| Q1 2026 | $482.9M | 64 | 7 | 26 | 11 | 9 | 58.5% | 24 |
| Q4 2025 | $375.3M | 66 | 7 | 17 | 16 | 7 | 52.6% | 26 |
| Q3 2025 | $346.5M | 66 | 3 | 20 | 10 | 10 | 51.3% | 9 |
| Q2 2025 | $312.7M | 73 | 11 | 11 | 30 | 12 | 50.2% | 21 |
| Q1 2025 | $298.6M | 74 | 6 | 24 | 9 | 3 | 49.0% | 28 |
| Q4 2024 | $285.2M | 71 | 7 | 8 | 17 | 5 | 53.6% | 29 |
| Q3 2024 | $282.8M | 69 | 5 | 4 | 5 | 3 | 54.1% | 37 |
| Q2 2024 | $273.6M | 67 | 5 | 9 | 9 | 1 | 54.1% | 32 |
| Q1 2024 | $259.9M | 63 | 12 | 7 | 26 | 1 | 53.9% | 43 |
| Q4 2023 | $242.0M | 52 | 4 | 13 | 8 | 2 | 55.7% | 36 |
| Q3 2023 | $212.0M | 50 | 5 | 19 | 11 | 1 | 54.2% | 39 |
| Q2 2023 | $202.6M | 46 | 4 | 10 | 14 | 3 | 57.1% | 34 |
| Q1 2023 | $174.4M | 45 | 2 | 20 | 7 | 3 | 57.9% | 28 |
| Q4 2022 | $152.4M | 46 | 4 | 22 | 8 | 6 | 58.2% | 38 |
| Q3 2022 | $132.4M | 48 | 1 | 17 | 25 | 17 | 57.4% | 33 |
| Q2 2022 | $152.1M | 64 | 4 | 31 | 17 | 5 | 49.5% | 39 |
| Q1 2022 | $173.8M | 65 | 10 | 29 | 10 | 14 | 47.0% | 35 |
| Q4 2021 | $165.1M | 69 | 0 | 0 | 0 | 0 | 44.0% | 34 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.