# GDS Wealth Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1940869. Source: https://holderbook.com/funds/1940869-gds-wealth-management/

- Reported value: $2.1B
- Positions: 232
- Weight of the ten largest: 31.3%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $129.7M | 1,189,126 | 6.2% | 19 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $89.2M | 77,256 | 4.2% | 7 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $74.4M | 900,339 | 3.5% | 13 |
| VANGUARD SCOTTSDALE FDS | [VCLT](https://holderbook.com/stocks/VCLT/) | $71.6M | 951,292 | 3.4% | 10 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $55.9M | 96,203 | 2.7% | 11 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $52.5M | 1,038,310 | 2.5% | 19 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $50.3M | 116,110 | 2.4% | 7 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $48.4M | 1,073,232 | 2.3% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $45.7M | 127,849 | 2.2% | 19 |
| ISHARES TR | [IDV](https://holderbook.com/stocks/IDV/) | $40.0M | 965,473 | 1.9% | 15 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $39.0M | 134,781 | 1.9% | 19 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $36.2M | 1,185,745 | 1.7% | 15 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $35.8M | 316,035 | 1.7% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $35.5M | 148,907 | 1.7% | 19 |
| FIRST TR EXCHNG TRADED FD VI | [FIXD](https://holderbook.com/stocks/FIXD/) | $34.2M | 783,681 | 1.6% | 19 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $33.4M | 166,805 | 1.6% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $31.4M | 95,954 | 1.5% | 19 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $31.3M | 26,682 | 1.5% | 5 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $30.5M | 62,167 | 1.5% | 19 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $29.6M | 66,287 | 1.4% | 5 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $29.1M | 77,576 | 1.4% | 5 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $28.2M | 39,014 | 1.3% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $28.0M | 75,068 | 1.3% | 19 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $27.9M | 289,589 | 1.3% | 19 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $27.8M | 20,094 | 1.3% | 8 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $27.4M | 155,244 | 1.3% | 6 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $26.7M | 112,215 | 1.3% | 19 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $26.1M | 77,226 | 1.2% | 19 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $25.2M | 33,043 | 1.2% | 8 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $24.9M | 468,142 | 1.2% | 19 |
| FIRST TR EXCHNG TRADED FD VI | [DEED](https://holderbook.com/stocks/DEED/) | $24.6M | 1,149,150 | 1.2% | 14 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $24.4M | 86,688 | 1.2% | 19 |
| FIRST TR EXCHANGE-TRADED FD | [LGOV](https://holderbook.com/stocks/LGOV/) | $24.3M | 1,136,196 | 1.2% | 14 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $24.1M | 266,372 | 1.1% | 19 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $24.0M | 158,703 | 1.1% | 19 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $23.4M | 212,872 | 1.1% | 19 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $22.8M | 145,671 | 1.1% | 19 |
| NATERA INC | [NTRA](https://holderbook.com/stocks/NTRA/) | $22.4M | 82,558 | 1.1% | 8 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $22.3M | 63,178 | 1.1% | 19 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $21.5M | 262,112 | 1.0% | 19 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $21.4M | 53,985 | 1.0% | 8 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $21.3M | 62,201 | 1.0% | 19 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $21.0M | 119,259 | 1.0% | 11 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $20.9M | 614,882 | 1.0% | 8 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $20.7M | 134,965 | 1.0% | 8 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $20.6M | 106,387 | 1.0% | 19 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $19.9M | 35,379 | 0.9% | 14 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $19.9M | 16,551 | 0.9% | 6 |
| DEXCOM INC | [DXCM](https://holderbook.com/stocks/DXCM/) | $19.2M | 285,219 | 0.9% | 10 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $19.1M | 20,419 | 0.9% | 12 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $18.6M | 82,071 | 0.9% | 8 |
| TOLL BROTHERS INC | [TOL](https://holderbook.com/stocks/TOL/) | $18.6M | 112,951 | 0.9% | 8 |
| FLYWIRE CORPORATION | [FLYW](https://holderbook.com/stocks/FLYW/) | $18.5M | 1,055,553 | 0.9% | 6 |
| TENET HEALTHCARE CORP | [THC](https://holderbook.com/stocks/THC/) | $18.2M | 97,056 | 0.9% | 8 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $17.7M | 83,846 | 0.8% | 19 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $17.2M | 37,547 | 0.8% | 8 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $17.0M | 41,825 | 0.8% | 18 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $16.7M | 114,206 | 0.8% | 19 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $15.7M | 27,304 | 0.7% | 8 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $15.1M | 162,075 | 0.7% | 1 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $14.8M | 59,552 | 0.7% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $13.4M | 35,382 | 0.6% | 19 |
| FIRST TR EXCHANGE-TRADED FD | [FTSM](https://holderbook.com/stocks/FTSM/) | $12.5M | 209,884 | 0.6% | 11 |
| HEALTHEQUITY INC | [HQY](https://holderbook.com/stocks/HQY/) | $12.4M | 137,092 | 0.6% | 8 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $10.4M | 10,586 | 0.5% | 1 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $9.5M | 23,829 | 0.5% | 1 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $8.8M | 19,515 | 0.4% | 1 |
| INSULET CORP | [PODD](https://holderbook.com/stocks/PODD/) | $8.1M | 53,118 | 0.4% | 1 |
| SHAKE SHACK INC | [SHAK](https://holderbook.com/stocks/SHAK/) | $8.1M | 143,783 | 0.4% | 8 |
| HUBSPOT INC | [HUBS](https://holderbook.com/stocks/HUBS/) | $6.8M | 37,445 | 0.3% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $5.6M | 41,316 | 0.3% | 16 |
| JONES LANG LASALLE INC | [JLL](https://holderbook.com/stocks/JLL/) | $5.4M | 17,453 | 0.3% | 1 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $5.1M | 41,444 | 0.2% | 19 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.8M | 6,409 | 0.2% | 19 |
| COEUR MNG INC | [CDE](https://holderbook.com/stocks/CDE/) | $4.7M | 288,712 | 0.2% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.8M | 5,539 | 0.1% | 19 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $2.5M | 74,485 | 0.1% | 19 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.3M | 6,305 | 0.1% | 10 |
| OLD REP INTL CORP | [ORI](https://holderbook.com/stocks/ORI/) | $2.1M | 51,571 | 0.1% | 5 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $2.0M | 26,778 | 0.1% | 19 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.8M | 5,403 | 0.1% | 1 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.8M | 23,213 | 0.1% | 19 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.7M | 4,801 | 0.1% | 13 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.6M | 3,732 | 0.1% | 7 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.5M | 5,289 | 0.1% | 17 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.5M | 3,466 | 0.1% | 19 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.3M | 5,219 | 0.1% | 14 |
| VANGUARD SCOTTSDALE FDS | [VTC](https://holderbook.com/stocks/VTC/) | $1.3M | 16,672 | 0.1% | 15 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.2M | 1,696 | 0.1% | 11 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $1.2M | 9,021 | 0.1% | 19 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.2M | 12,569 | 0.1% | 19 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.2M | 4,556 | 0.1% | 19 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.1M | 1,670 | 0.1% | 13 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $1.1M | 3,312 | 0.1% | 19 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $1.0M | 12,140 | 0.0% | 11 |
| DECKERS OUTDOOR CORP | [DECK](https://holderbook.com/stocks/DECK/) | $1.0M | 10,074 | 0.0% | 8 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $960.1K | 5,724 | 0.0% | 18 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $952.0K | 894 | 0.0% | 1 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $948.2K | 5,041 | 0.0% | 19 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $937.3K | 4,940 | 0.0% | 10 |

## 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 | +18.0% | +14.8% | +3.2% | 100% |
| Q1 2026 | -3.2% | -4.6% | +1.4% | 100% |
| Q4 2025 | +1.3% | +2.4% | -1.0% | 100% |
| Q3 2025 | +3.4% | +7.8% | -4.4% | 100% |
| Q2 2025 | +7.5% | +10.5% | -3.0% | 100% |
| Q1 2025 | -2.1% | -4.6% | +2.5% | 100% |
| Q4 2024 | -1.2% | +2.1% | -3.3% | 100% |
| Q3 2024 | +5.1% | +5.4% | -0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.1B | 232 |
| Q1 2026 | $1.7B | 200 |
| Q4 2025 | $1.6B | 188 |
| Q3 2025 | $1.5B | 186 |
| Q2 2025 | $1.4B | 175 |
| Q1 2025 | $1.2B | 167 |
| Q4 2024 | $1.1B | 171 |
| Q3 2024 | $1.0B | 165 |
| Q2 2024 | $911.6M | 141 |
| Q1 2024 | $853.9M | 137 |
| Q4 2023 | $741.6M | 130 |
| Q3 2023 | $636.0M | 122 |