# Payne Capital Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1994332. Source: https://holderbook.com/funds/1994332-payne-capital-management-llc/

- Reported value: $375.0M
- Positions: 88
- Weight of the ten largest: 62.7%
- Filed: 2026-08-17

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 |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $43.5M | 1,570,302 | 11.6% | 7 |
| GLOBAL X FDS | [MLPX](https://holderbook.com/stocks/MLPX/) | $31.0M | 420,592 | 8.3% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $25.3M | 424,274 | 6.8% | 7 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $24.9M | 349,447 | 6.6% | 7 |
| ABRDN ETFS | [BCI](https://holderbook.com/stocks/BCI/) | $20.9M | 934,217 | 5.6% | 7 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $19.7M | 580,688 | 5.2% | 7 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $19.5M | 560,537 | 5.2% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $17.3M | 201,200 | 4.6% | 7 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $17.1M | 46,677 | 4.6% | 7 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $15.9M | 52,013 | 4.2% | 7 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $15.8M | 72,361 | 4.2% | 7 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $15.7M | 64,545 | 4.2% | 7 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $15.3M | 77,425 | 4.1% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VNQI](https://holderbook.com/stocks/VNQI/) | $10.7M | 237,574 | 2.8% | 7 |
| FIDELITY COVINGTON TRUST | [FREL](https://holderbook.com/stocks/FREL/) | $9.6M | 326,406 | 2.6% | 7 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $7.8M | 216,012 | 2.1% | 7 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $4.5M | 46,244 | 1.2% | 7 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $3.9M | 74,455 | 1.0% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.8M | 13,019 | 1.0% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $3.7M | 5 | 1.0% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.7M | 18,260 | 1.0% | 7 |
| DEUTSCHE BK AG | [DB](https://holderbook.com/stocks/DB/) | $2.5M | 73,599 | 0.7% | 1 |
| SPDR SERIES TRUST | [SLYV](https://holderbook.com/stocks/SLYV/) | $2.3M | 21,219 | 0.6% | 7 |
| ISHARES TR | [REET](https://holderbook.com/stocks/REET/) | $2.1M | 75,826 | 0.6% | 7 |
| SPDR SERIES TRUST | [MDYV](https://holderbook.com/stocks/MDYV/) | $2.1M | 22,067 | 0.6% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $2.0M | 13,202 | 0.5% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.8M | 2,351 | 0.5% | 7 |
| ISHARES TR | [IFGL](https://holderbook.com/stocks/IFGL/) | $1.7M | 77,709 | 0.5% | 7 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.6M | 12,775 | 0.4% | 7 |
| SPDR SERIES TRUST | [SLYG](https://holderbook.com/stocks/SLYG/) | $1.4M | 12,074 | 0.4% | 7 |
| SPDR SERIES TRUST | [MDYG](https://holderbook.com/stocks/MDYG/) | $1.4M | 12,762 | 0.4% | 7 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.3M | 1,115 | 0.3% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.1M | 3,320 | 0.3% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.0M | 7,650 | 0.3% | 7 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $992.8K | 12,500 | 0.3% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $868.8K | 2,431 | 0.2% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $828.8K | 3,477 | 0.2% | 7 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $793.7K | 3,797 | 0.2% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $726.3K | 1,923 | 0.2% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $690.1K | 1,005 | 0.2% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $652.1K | 1,762 | 0.2% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $651.8K | 1,747 | 0.2% | 7 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $610.0K | 5,104 | 0.2% | 6 |
| DIREXION SHARES ETF TRUST | [EDC](https://holderbook.com/stocks/EDC/) | $598.5K | 6,730 | 0.2% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $596.1K | 1,058 | 0.2% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $585.4K | 1,170 | 0.2% | 7 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $585.4K | 3,236 | 0.2% | 7 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $545.9K | 2,137 | 0.1% | 3 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $536.5K | 710 | 0.1% | 7 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $531.1K | 10,000 | 0.1% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $529.2K | 1,500 | 0.1% | 7 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $523.2K | 4,446 | 0.1% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $470.9K | 639 | 0.1% | 7 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $466.2K | 5,080 | 0.1% | 1 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $462.4K | 3,039 | 0.1% | 7 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $435.8K | 4,390 | 0.1% | 7 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $421.1K | 1,001 | 0.1% | 7 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $406.6K | 7,135 | 0.1% | 7 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $392.4K | 5,496 | 0.1% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $389.1K | 324 | 0.1% | 4 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $379.4K | 1,991 | 0.1% | 7 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $370.6K | 638 | 0.1% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $363.6K | 2,604 | 0.1% | 1 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $358.5K | 3,712 | 0.1% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $345.3K | 1,372 | 0.1% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $343.4K | 972 | 0.1% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $334.8K | 2,850 | 0.1% | 5 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $329.3K | 900 | 0.1% | 7 |
| DYCOM INDS INC | [DY](https://holderbook.com/stocks/DY/) | $314.5K | 622 | 0.1% | 3 |
| SCHWAB STRATEGIC TR | [SCHC](https://holderbook.com/stocks/SCHC/) | $311.2K | 6,468 | 0.1% | 7 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $303.7K | 1,080 | 0.1% | 1 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $302.2K | 616 | 0.1% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $286.1K | 1,127 | 0.1% | 6 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $277.9K | 261 | 0.1% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $277.6K | 1,675 | 0.1% | 7 |
| FIRST TR EXCHANGE-TRADED FD | [QQEW](https://holderbook.com/stocks/QQEW/) | $271.3K | 1,700 | 0.1% | 7 |
| ISHARES TR | [IYF](https://holderbook.com/stocks/IYF/) | $255.0K | 2,000 | 0.1% | 7 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $248.9K | 266 | 0.1% | 1 |
| WATTS WATER TECHNOLOGIES INC | [WTS](https://holderbook.com/stocks/WTS/) | $245.0K | 626 | 0.1% | 1 |
| SIMPSON MFG INC | [SSD](https://holderbook.com/stocks/SSD/) | $241.4K | 1,153 | 0.1% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $241.4K | 800 | 0.1% | 1 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $240.2K | 883 | 0.1% | 7 |
| ALLIANCEBERNSTEIN HLDG L P | [AB](https://holderbook.com/stocks/AB/) | $229.0K | 6,503 | 0.1% | 4 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $228.6K | 2,066 | 0.1% | 6 |
| ACUSHNET HLDGS CORP | [GOLF](https://holderbook.com/stocks/GOLF/) | $220.0K | 1,856 | 0.1% | 1 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $215.3K | 585 | 0.1% | 4 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $210.2K | 2,921 | 0.1% | 1 |
| PRIMERICA INC | [PRI](https://holderbook.com/stocks/PRI/) | $204.6K | 720 | 0.1% | 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 2026 | +9.9% | +14.8% | -4.9% | 100% |
| Q1 2026 | +2.2% | -4.6% | +6.8% | 100% |
| Q4 2025 | +0.2% | +2.4% | -2.2% | 100% |
| Q3 2025 | +5.9% | +7.8% | -1.9% | 100% |
| Q2 2025 | +7.6% | +10.5% | -2.9% | 100% |
| Q1 2025 | +0.1% | -4.6% | +4.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $375.0M | 88 |
| Q1 2026 | $330.5M | 79 |
| Q4 2025 | $316.8M | 81 |
| Q3 2025 | $310.5M | 77 |
| Q2 2025 | $259.5M | 77 |
| Q1 2025 | $234.6M | 71 |
| Q4 2024 | $231.8M | 69 |