# RAELIPSKIE PARTNERSHIP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2023896. Source: https://holderbook.com/funds/2023896-raelipskie-partnership/

- Reported value: $264.8M
- Positions: 124
- Weight of the ten largest: 60.7%
- Filed: 2026-08-04

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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $28.7M | 38,435 | 10.8% | 11 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $23.2M | 325,631 | 8.8% | 11 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $22.5M | 105,761 | 8.5% | 9 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $22.2M | 30,173 | 8.4% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $15.5M | 260,394 | 5.9% | 11 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $12.6M | 122,777 | 4.7% | 11 |
| VANGUARD ADMIRAL FDS INC | [IVOO](https://holderbook.com/stocks/IVOO/) | $10.7M | 81,865 | 4.0% | 11 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $10.0M | 33,193 | 3.8% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $7.6M | 26,398 | 2.9% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $7.6M | 20,422 | 2.9% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $5.0M | 15,362 | 1.9% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.9M | 13,579 | 1.8% | 11 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $4.2M | 3,603 | 1.6% | 2 |
| NOVARTIS ADR (CHE) | - | $4.0M | 25,366 | 1.5% | 11 |
| AMAZON COM INC (USA) | - | $3.5M | 14,600 | 1.3% | 11 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.5M | 29,562 | 1.3% | 5 |
| EXXON MOBIL CORP (USA) | - | $3.5M | 25,319 | 1.3% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.2M | 12,722 | 1.2% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.1M | 6,293 | 1.2% | 11 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $3.1M | 8,176 | 1.2% | 11 |
| HSBC HLDGS PLC | [HSBC](https://holderbook.com/stocks/HSBC/) | $3.0M | 31,465 | 1.1% | 11 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $3.0M | 51,625 | 1.1% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.9M | 21,642 | 1.1% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.9M | 8,272 | 1.1% | 11 |
| WALMART STORES INC (USA) | - | $2.7M | 24,162 | 1.0% | 11 |
| VISA INC CLASS-A (USA) | - | $2.7M | 7,765 | 1.0% | 11 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.6M | 17,813 | 1.0% | 11 |
| BANCO SANTANDER S.A. | [SAN](https://holderbook.com/stocks/SAN/) | $2.4M | 172,236 | 0.9% | 11 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $2.3M | 83,065 | 0.9% | 11 |
| MCDONALD'S CORP  (USA) | - | $2.3M | 8,405 | 0.9% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.2M | 3,915 | 0.8% | 11 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $2.0M | 22,997 | 0.8% | 11 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.9M | 34,219 | 0.7% | 11 |
| TOYOTA MOTOR CORP | [TM](https://holderbook.com/stocks/TM/) | $1.9M | 11,142 | 0.7% | 11 |
| NESTLE SA ADR | [NSRGY](https://holderbook.com/stocks/NSRGY/) | $1.8M | 17,557 | 0.7% | 11 |
| UNITED HEALTH GROUP INC (USA) | - | $1.7M | 4,148 | 0.7% | 11 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.7M | 4,420 | 0.6% | 8 |
| GE VERNOVA INC (USA) | - | $1.5M | 1,275 | 0.6% | 2 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $1.5M | 17,527 | 0.6% | 11 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $1.4M | 7,412 | 0.5% | 2 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $1.4M | 12,529 | 0.5% | 11 |
| AMERICAN TOWER CORP (USA) | - | $1.3M | 8,137 | 0.5% | 11 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $1.2M | 9,214 | 0.5% | 10 |
| SONY GROUP CORP | [SONY](https://holderbook.com/stocks/SONY/) | $1.2M | 61,738 | 0.5% | 11 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.2M | 16,163 | 0.4% | 10 |
| Airbus Group Se | [EADSY](https://holderbook.com/stocks/EADSY/) | $1.2M | 20,919 | 0.4% | 11 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $1.1M | 19,018 | 0.4% | 3 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $1.1M | 8,476 | 0.4% | 1 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $1.0M | 10,952 | 0.4% | 11 |
| MERCK CO INC-NEW (USA) | - | $1.0M | 7,869 | 0.4% | 11 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $1.0M | 5,280 | 0.4% | 11 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $966.8K | 20,166 | 0.4% | 9 |
| Veolia Environnement SA | [VEOEY](https://holderbook.com/stocks/VEOEY/) | $898.6K | 43,151 | 0.3% | 11 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $875.8K | 36,369 | 0.3% | 11 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $849.1K | 22,979 | 0.3% | 11 |
| SPOTIFY TECHNOLOGY S.A. | - | $773.2K | 1,684 | 0.3% | 6 |
| LVMH MOET HENNESSY LO-ADR (FRA) | - | $754.3K | 6,820 | 0.3% | 11 |
| ISHARES INC | [DVYE](https://holderbook.com/stocks/DVYE/) | $668.5K | 20,740 | 0.3% | 11 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $537.8K | 1,095 | 0.2% | 11 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $463.5K | 4,200 | 0.2% | 11 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $419.0K | 5,070 | 0.2% | 11 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $252.0K | 1,805 | 0.1% | 11 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $204.3K | 751 | 0.1% | 7 |
| ISHARES TR | [USXF](https://holderbook.com/stocks/USXF/) | $167.0K | 2,405 | 0.1% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $126.5K | 820 | 0.0% | 11 |
| ISHARES TR | [EMXF](https://holderbook.com/stocks/EMXF/) | $125.1K | 2,159 | 0.0% | 11 |
| ISHARES TR | [DMXF](https://holderbook.com/stocks/DMXF/) | $114.5K | 1,354 | 0.0% | 11 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $109.1K | 1,850 | 0.0% | 5 |
| SPROTT FDS TR | [METL](https://holderbook.com/stocks/METL/) | $102.9K | 4,000 | 0.0% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $87.0K | 525 | 0.0% | 11 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $62.2K | 800 | 0.0% | 3 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $52.6K | 615 | 0.0% | 2 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $49.1K | 611 | 0.0% | 11 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $47.4K | 250 | 0.0% | 11 |
| AMERICA MOVIL SAB DE CV | [AMX](https://holderbook.com/stocks/AMX/) | $46.8K | 1,800 | 0.0% | 11 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $41.2K | 166 | 0.0% | 11 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $32.6K | 93 | 0.0% | 2 |
| MASTERCARD INC | - | $27.2K | 53 | 0.0% | 11 |
| API GROUP CORP | [APG](https://holderbook.com/stocks/APG/) | $26.7K | 630 | 0.0% | 11 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $25.1K | 1,211 | 0.0% | 11 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $24.9K | 115 | 0.0% | 11 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $22.8K | 230 | 0.0% | 2 |
| 3M COMPANY (USA) | - | $22.7K | 140 | 0.0% | 11 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $18.7K | 255 | 0.0% | 11 |
| ABBOTT LABS (USA) | - | $18.6K | 205 | 0.0% | 11 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $17.8K | 215 | 0.0% | 7 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $17.7K | 93 | 0.0% | 11 |
| SILVER NCI-RBC TROY OZ | - | $17.6K | 300 | 0.0% | 11 |
| SPIRE GLOBAL INC | [SPIR](https://holderbook.com/stocks/SPIR/) | $16.3K | 875 | 0.0% | 2 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $13.4K | 1,000 | 0.0% | 11 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $11.8K | 75 | 0.0% | 11 |
| LISTED FDS TR | [MAGS](https://holderbook.com/stocks/MAGS/) | $10.9K | 170 | 0.0% | 2 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $10.0K | 200 | 0.0% | 2 |
| FEDEX FGHT HLDG CO INC | - | $7.5K | 50 | 0.0% | 1 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $7.4K | 17 | 0.0% | 1 |
| RIVIAN AUTOMOTIVE INC | [RIVN](https://holderbook.com/stocks/RIVN/) | $7.1K | 410 | 0.0% | 11 |
| SOLSTICE ADVANCED MATLS INC | [SOLS](https://holderbook.com/stocks/SOLS/) | $6.8K | 77 | 0.0% | 3 |
|  | - | $6.0K | 52 | 0.0% | 1 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $5.8K | 50 | 0.0% | 5 |
| CARNIVAL CORP LTD | [CCL](https://holderbook.com/stocks/CCL/) | $5.7K | 201 | 0.0% | 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 | +14.8% | +14.8% | -0.0% | 89% |
| Q1 2026 | -2.1% | -4.6% | +2.6% | 90% |
| Q4 2025 | +2.6% | +2.4% | +0.3% | 89% |
| Q3 2025 | +7.7% | +7.8% | -0.1% | 88% |
| Q2 2025 | +9.4% | +10.5% | -1.0% | 87% |
| Q1 2025 | -2.5% | -4.6% | +2.0% | 88% |
| Q4 2024 | -2.0% | +2.1% | -4.1% | 88% |
| Q3 2024 | +5.5% | +5.4% | +0.0% | 88% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $264.8M | 124 |
| Q1 2026 | $236.2M | 119 |
| Q4 2025 | $238.5M | 117 |
| Q3 2025 | $232.8M | 116 |
| Q2 2025 | $218.5M | 117 |
| Q1 2025 | $194.6M | 124 |
| Q4 2024 | $201.3M | 121 |
| Q3 2024 | $205.1M | 124 |
| Q2 2024 | $187.4M | 100 |
| Q1 2024 | $175.5M | 102 |
| Q4 2023 | $164.2M | 96 |