# Bawa N Mallick Trust

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2040013. Source: https://holderbook.com/funds/2040013-bawa-n-mallick-trust/

- Reported value: $309.1M
- Positions: 78
- Weight of the ten largest: 64.0%
- Filed: 2026-08-14

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/) | $80.2M | 107,400 | 25.9% | 7 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $49.8M | 67,680 | 16.1% | 7 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $10.9M | 14,560 | 3.5% | 7 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $9.7M | 78,200 | 3.1% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $9.5M | 13,801 | 3.1% | 7 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $9.5M | 50,254 | 3.1% | 7 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $9.0M | 24,202 | 2.9% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $6.6M | 76,500 | 2.1% | 7 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $6.4M | 18,500 | 2.1% | 7 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $6.3M | 218,107 | 2.0% | 7 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $6.1M | 51,307 | 2.0% | 7 |
| INVESCO EXCHANGE TRADED FD T | [XLG](https://holderbook.com/stocks/XLG/) | $5.5M | 90,000 | 1.8% | 7 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $4.8M | 55,020 | 1.6% | 7 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $4.6M | 51,002 | 1.5% | 7 |
| FIDELITY COMWLTH TR | [ONEQ](https://holderbook.com/stocks/ONEQ/) | $4.4M | 43,000 | 1.4% | 7 |
| INVESCO EXCHANGE TRADED FD T | [RSPT](https://holderbook.com/stocks/RSPT/) | $4.1M | 64,080 | 1.3% | 7 |
| ISHARES TR | [ILCG](https://holderbook.com/stocks/ILCG/) | $3.8M | 32,857 | 1.2% | 7 |
| INVESCO EXCHANGE TRADED FD T | [PSI](https://holderbook.com/stocks/PSI/) | $3.8M | 20,015 | 1.2% | 7 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $3.6M | 106,520 | 1.2% | 7 |
| INVESCO EXCHANGE TRADED FD T | [PTF](https://holderbook.com/stocks/PTF/) | $3.3M | 24,000 | 1.1% | 7 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $3.1M | 105,900 | 1.0% | 7 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $3.0M | 33,400 | 1.0% | 7 |
| SCHWAB STRATEGIC TR | [SCHK](https://holderbook.com/stocks/SCHK/) | $2.8M | 77,416 | 0.9% | 7 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $2.8M | 20,200 | 0.9% | 7 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $2.6M | 13,845 | 0.9% | 7 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $2.6M | 9,010 | 0.8% | 7 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $2.4M | 5,960 | 0.8% | 7 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $2.4M | 3,718 | 0.8% | 7 |
| VANGUARD ADMIRAL FDS INC | [VOOG](https://holderbook.com/stocks/VOOG/) | $2.2M | 26,575 | 0.7% | 7 |
| FIRST TR EXCHANGE-TRADED FD | [FDN](https://holderbook.com/stocks/FDN/) | $2.2M | 8,200 | 0.7% | 7 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $2.0M | 8,000 | 0.7% | 7 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $1.9M | 11,692 | 0.6% | 7 |
| FIRST TR EXCHANGE-TRADED FD | [QQEW](https://holderbook.com/stocks/QQEW/) | $1.9M | 12,004 | 0.6% | 7 |
| VANGUARD WORLD FD | [MGC](https://holderbook.com/stocks/MGC/) | $1.9M | 6,999 | 0.6% | 7 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $1.9M | 21,070 | 0.6% | 7 |
| FIRST TR EXCHANGE TRADED FD | [FXL](https://holderbook.com/stocks/FXL/) | $1.9M | 8,697 | 0.6% | 7 |
| INVESCO EXCHANGE TRADED FD T | [IGPT](https://holderbook.com/stocks/IGPT/) | $1.7M | 16,500 | 0.6% | 7 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.7M | 7,851 | 0.5% | 7 |
| SPDR SERIES TRUST | [XSD](https://holderbook.com/stocks/XSD/) | $1.6M | 2,510 | 0.5% | 7 |
| ISHARES TR | [IGM](https://holderbook.com/stocks/IGM/) | $1.5M | 9,000 | 0.5% | 7 |
| ISHARES TR | [ILCB](https://holderbook.com/stocks/ILCB/) | $1.3M | 12,400 | 0.4% | 7 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $1.3M | 2,000 | 0.4% | 7 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $1.2M | 12,013 | 0.4% | 7 |
| ISHARES TR | [IXN](https://holderbook.com/stocks/IXN/) | $1.2M | 8,000 | 0.4% | 7 |
| VANGUARD SCOTTSDALE FDS | [VONE](https://holderbook.com/stocks/VONE/) | $1.1M | 3,250 | 0.4% | 7 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $1.1M | 2,025 | 0.3% | 7 |
| ISHARES TR | [IYY](https://holderbook.com/stocks/IYY/) | $1.0M | 5,750 | 0.3% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.0M | 5,000 | 0.3% | 7 |
| TIDAL TRUST I | [SFY](https://holderbook.com/stocks/SFY/) | $988.5K | 6,640 | 0.3% | 7 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $965.7K | 8,080 | 0.3% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $944.4K | 2,500 | 0.3% | 7 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $856.7K | 3,000 | 0.3% | 7 |
| SPDR SERIES TRUST | [XSW](https://holderbook.com/stocks/XSW/) | $804.1K | 4,680 | 0.3% | 7 |
| INVESCO EXCHANGE TRADED FD T | [PWB](https://holderbook.com/stocks/PWB/) | $793.3K | 4,709 | 0.3% | 1 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $768.0K | 2,099 | 0.2% | 7 |
| INVESCO EXCHANGE TRADED FD T | [RPG](https://holderbook.com/stocks/RPG/) | $638.5K | 10,000 | 0.2% | 7 |
| ISHARES U S ETF TR | [IETC](https://holderbook.com/stocks/IETC/) | $536.8K | 5,000 | 0.2% | 7 |
| VANECK ETF TRUST | [RTH](https://holderbook.com/stocks/RTH/) | $447.6K | 1,750 | 0.1% | 7 |
| FIRST TR EXCHANGE TRADED FD | [SKYY](https://holderbook.com/stocks/SKYY/) | $420.2K | 3,123 | 0.1% | 1 |
| FIRST TR EXCHANGE TRADED FD | [FPX](https://holderbook.com/stocks/FPX/) | $412.4K | 2,000 | 0.1% | 7 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $397.9K | 200 | 0.1% | 3 |
| SPDR SERIES TRUST | [XNTK](https://holderbook.com/stocks/XNTK/) | $390.6K | 1,000 | 0.1% | 5 |
| FIRST TR EXCHANGE-TRADED ALP | [FTC](https://holderbook.com/stocks/FTC/) | $387.5K | 2,000 | 0.1% | 7 |
| INVESCO EXCH TRADED FD TR II | [PSCT](https://holderbook.com/stocks/PSCT/) | $369.6K | 4,000 | 0.1% | 4 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $346.3K | 300 | 0.1% | 1 |
| INVESCO EXCHANGE TRADED FD T | [SPGP](https://holderbook.com/stocks/SPGP/) | $305.7K | 2,500 | 0.1% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $300.2K | 600 | 0.1% | 7 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $298.5K | 700 | 0.1% | 7 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $294.0K | 2,300 | 0.1% | 7 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $263.6K | 3,000 | 0.1% | 5 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $246.2K | 1,000 | 0.1% | 4 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $244.6K | 1,440 | 0.1% | 1 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $240.0K | 700 | 0.1% | 1 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $239.2K | 1,090 | 0.1% | 4 |
| BANK MONTREAL MEDIUM | [FNGS](https://holderbook.com/stocks/FNGS/) | $217.7K | 3,000 | 0.1% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $216.9K | 300 | 0.1% | 1 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $216.7K | 500 | 0.1% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $210.3K | 500 | 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 | +20.9% | +14.8% | +6.1% | 100% |
| Q1 2026 | -6.0% | -4.6% | -1.3% | 100% |
| Q4 2025 | +2.0% | +2.4% | -0.4% | 100% |
| Q3 2025 | +8.5% | +7.8% | +0.7% | 100% |
| Q2 2025 | +14.4% | +10.5% | +3.9% | 100% |
| Q1 2025 | -7.0% | -4.6% | -2.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $309.1M | 78 |
| Q1 2026 | $244.2M | 69 |
| Q4 2025 | $269.3M | 73 |
| Q3 2025 | $264.3M | 74 |
| Q2 2025 | $242.1M | 67 |
| Q1 2025 | $211.3M | 65 |
| Q4 2024 | $227.8M | 68 |