# Joule Financial, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1929070. Source: https://holderbook.com/funds/1929070-joule-financial-llc/

- Reported value: $368.8M
- Positions: 116
- Weight of the ten largest: 70.7%
- Filed: 2026-07-15

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 |
|---|---|---|---|---|---|
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $69.1M | 941,400 | 18.7% | 16 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $46.4M | 218,109 | 12.6% | 15 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $30.9M | 326,912 | 8.4% | 17 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $29.7M | 272,760 | 8.1% | 17 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $28.1M | 776,769 | 7.6% | 17 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $25.8M | 812,806 | 7.0% | 17 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $9.5M | 133,661 | 2.6% | 17 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $8.6M | 144,763 | 2.3% | 17 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $6.4M | 53,143 | 1.7% | 17 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $6.0M | 69,761 | 1.6% | 17 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $5.7M | 158,537 | 1.6% | 17 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $5.1M | 174,664 | 1.4% | 17 |
| PAYSIGN INC | [PAYS](https://holderbook.com/stocks/PAYS/) | $5.0M | 614,175 | 1.4% | 8 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $4.0M | 11,003 | 1.1% | 17 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $3.9M | 29,304 | 1.0% | 17 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $3.7M | 12,211 | 1.0% | 7 |
| VANGUARD WORLD FD | [VDC](https://holderbook.com/stocks/VDC/) | $3.4M | 15,287 | 0.9% | 17 |
| VANGUARD WORLD FD | [VOX](https://holderbook.com/stocks/VOX/) | $3.3M | 17,987 | 0.9% | 17 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $3.2M | 10,567 | 0.9% | 17 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.1M | 8,763 | 0.8% | 15 |
| VANGUARD WORLD FD | [VCR](https://holderbook.com/stocks/VCR/) | $2.7M | 6,930 | 0.7% | 17 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $2.5M | 29,635 | 0.7% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.4M | 20,603 | 0.7% | 17 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.4M | 8,244 | 0.6% | 17 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $2.1M | 19,474 | 0.6% | 4 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $2.1M | 4,281 | 0.6% | 6 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $2.0M | 16,535 | 0.5% | 4 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $1.9M | 35,964 | 0.5% | 16 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $1.8M | 19,897 | 0.5% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.8M | 4,191 | 0.5% | 9 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $1.7M | 14,733 | 0.5% | 5 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $1.6M | 6,583 | 0.4% | 4 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $1.5M | 4,195 | 0.4% | 1 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $1.4M | 7,180 | 0.4% | 13 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $1.4M | 1,964 | 0.4% | 16 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.3M | 1,224 | 0.4% | 15 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $1.3M | 28,030 | 0.4% | 2 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $1.0M | 4,209 | 0.3% | 1 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $1.0M | 35,195 | 0.3% | 17 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $1.0M | 1,620 | 0.3% | 9 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $1.0M | 10,056 | 0.3% | 17 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.0M | 3,079 | 0.3% | 17 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $969.8K | 3,796 | 0.3% | 5 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $883.4K | 36,687 | 0.2% | 2 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $821.4K | 22,277 | 0.2% | 17 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $795.8K | 5,426 | 0.2% | 17 |
| VANGUARD WORLD FD | [VAW](https://holderbook.com/stocks/VAW/) | $792.5K | 3,463 | 0.2% | 17 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $759.8K | 2,036 | 0.2% | 11 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $739.8K | 7,708 | 0.2% | 8 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $710.0K | 2,524 | 0.2% | 15 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $693.8K | 19,932 | 0.2% | 17 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $683.6K | 2,868 | 0.2% | 17 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $660.5K | 2,215 | 0.2% | 15 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $641.3K | 2,525 | 0.2% | 17 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $602.3K | 3,633 | 0.2% | 17 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $586.2K | 10,562 | 0.2% | 4 |
| SCHWAB STRATEGIC TR | [SCHI](https://holderbook.com/stocks/SCHI/) | $573.4K | 25,325 | 0.2% | 11 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $561.0K | 5,197 | 0.2% | 16 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $560.7K | 2,955 | 0.2% | 17 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $556.6K | 1,383 | 0.2% | 7 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $555.4K | 4,322 | 0.2% | 17 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $551.6K | 3,853 | 0.1% | 17 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $531.6K | 1,436 | 0.1% | 11 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $502.2K | 1,303 | 0.1% | 17 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $484.9K | 969 | 0.1% | 10 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $453.6K | 15,978 | 0.1% | 1 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $447.1K | 5,465 | 0.1% | 17 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $432.3K | 2,160 | 0.1% | 11 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $431.9K | 3,190 | 0.1% | 17 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $428.9K | 1,704 | 0.1% | 14 |
| OKLO INC | [OKLO](https://holderbook.com/stocks/OKLO/) | $426.4K | 8,148 | 0.1% | 10 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $419.4K | 1,542 | 0.1% | 17 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $399.5K | 1,181 | 0.1% | 4 |
| ISHARES TR | [LRGF](https://holderbook.com/stocks/LRGF/) | $395.6K | 5,230 | 0.1% | 2 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $385.0K | 6,829 | 0.1% | 11 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $382.2K | 897 | 0.1% | 16 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $371.8K | 310 | 0.1% | 17 |
| STOCK YDS BANCORP INC | [SYBT](https://holderbook.com/stocks/SYBT/) | $356.5K | 4,643 | 0.1% | 11 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $355.1K | 964 | 0.1% | 17 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $353.1K | 7,352 | 0.1% | 13 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $352.5K | 12,724 | 0.1% | 17 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $351.5K | 470 | 0.1% | 5 |
| GARMIN LTD | [GRMN](https://holderbook.com/stocks/GRMN/) | $345.7K | 1,455 | 0.1% | 14 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $344.1K | 4,067 | 0.1% | 16 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $341.3K | 497 | 0.1% | 11 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $338.1K | 6,682 | 0.1% | 1 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $337.0K | 6,068 | 0.1% | 8 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $332.5K | 4,352 | 0.1% | 5 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $325.1K | 2,773 | 0.1% | 8 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $317.3K | 1,341 | 0.1% | 4 |
| SCHWAB STRATEGIC TR | [SCHY](https://holderbook.com/stocks/SCHY/) | $315.0K | 9,927 | 0.1% | 4 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $314.6K | 13,601 | 0.1% | 17 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $296.0K | 5,117 | 0.1% | 5 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $292.6K | 2,574 | 0.1% | 16 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $278.4K | 2,944 | 0.1% | 2 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $259.3K | 508 | 0.1% | 5 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $258.5K | 1,979 | 0.1% | 5 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $256.9K | 1,165 | 0.1% | 8 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $246.2K | 695 | 0.1% | 4 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $246.0K | 2,878 | 0.1% | 3 |

## 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 | +7.9% | +14.8% | -7.0% | 100% |
| Q1 2026 | +1.0% | -4.6% | +5.7% | 100% |
| Q4 2025 | +0.6% | +2.4% | -1.8% | 100% |
| Q3 2025 | +6.1% | +7.8% | -1.8% | 100% |
| Q2 2025 | +5.2% | +10.5% | -5.2% | 100% |
| Q1 2025 | +0.5% | -4.6% | +5.0% | 100% |
| Q4 2024 | -2.0% | +2.1% | -4.2% | 100% |
| Q3 2024 | +6.6% | +5.4% | +1.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $368.8M | 116 |
| Q1 2026 | $343.3M | 114 |
| Q4 2025 | $333.8M | 110 |
| Q3 2025 | $333.8M | 115 |
| Q2 2025 | $308.0M | 108 |
| Q1 2025 | $284.9M | 103 |
| Q4 2024 | $282.9M | 108 |
| Q3 2024 | $274.8M | 107 |
| Q2 2024 | $283.3M | 102 |
| Q1 2024 | $279.5M | 106 |
| Q4 2023 | $215.3M | 101 |
| Q3 2023 | $195.9M | 98 |