# BAYBAN

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2110649. Source: https://holderbook.com/funds/2110649-bayban/

- Reported value: $130.3M
- Positions: 595
- Weight of the ten largest: 42.2%
- Filed: 2026-07-30

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 |
|---|---|---|---|---|---|
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $16.1M | 38,800 | 12.4% | 3 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $6.7M | 8,902 | 5.1% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.2M | 21,510 | 4.8% | 3 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $6.0M | 16,326 | 4.6% | 3 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $4.9M | 81,425 | 3.8% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $4.2M | 30,705 | 3.2% | 3 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $3.4M | 47,953 | 2.6% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $3.0M | 26,519 | 2.3% | 3 |
| VICOR CORP | [VICR](https://holderbook.com/stocks/VICR/) | $2.3M | 6,100 | 1.8% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.1M | 5,587 | 1.6% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.0M | 8,021 | 1.6% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.0M | 1,842 | 1.5% | 3 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.9M | 12,030 | 1.5% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.8M | 2,472 | 1.4% | 3 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.7M | 17,584 | 1.3% | 3 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.7M | 13,320 | 1.3% | 3 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $1.4M | 20,682 | 1.1% | 3 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $1.4M | 3,531 | 1.1% | 3 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $1.4M | 10,643 | 1.1% | 3 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.3M | 6,574 | 1.0% | 3 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.2M | 5,254 | 1.0% | 3 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $1.2M | 14,430 | 0.9% | 3 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.1M | 13,955 | 0.8% | 3 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $1.1M | 8,840 | 0.8% | 3 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $1.0M | 12,181 | 0.8% | 3 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $997.4K | 11,364 | 0.8% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $959.1K | 2,930 | 0.7% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $942.9K | 3,747 | 0.7% | 3 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $922.7K | 15,458 | 0.7% | 3 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $907.9K | 10,986 | 0.7% | 3 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $901.3K | 6,156 | 0.7% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $849.8K | 1,138 | 0.7% | 3 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $796.1K | 9,796 | 0.6% | 3 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $768.5K | 4,863 | 0.6% | 3 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $746.1K | 5,997 | 0.6% | 3 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $730.5K | 4,604 | 0.6% | 3 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $716.6K | 4,832 | 0.5% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $713.0K | 2,018 | 0.5% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $711.6K | 6,058 | 0.5% | 3 |
| SPDR INDEX SHS FDS | [GNR](https://holderbook.com/stocks/GNR/) | $708.1K | 10,520 | 0.5% | 3 |
| TRUST FOR PROFESSIONAL MANAG | [MINN](https://holderbook.com/stocks/MINN/) | $665.5K | 29,718 | 0.5% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $652.5K | 1,304 | 0.5% | 3 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $642.3K | 2,868 | 0.5% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $629.8K | 917 | 0.5% | 3 |
| PIPER SANDLER COMPANIES | [PIPR](https://holderbook.com/stocks/PIPR/) | $602.2K | 8,324 | 0.5% | 2 |
| BALL CORP | [BALL](https://holderbook.com/stocks/BALL/) | $564.1K | 9,040 | 0.4% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $515.4K | 551 | 0.4% | 3 |
| OTTER TAIL CORP | [OTTR](https://holderbook.com/stocks/OTTR/) | $486.0K | 5,401 | 0.4% | 3 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $481.6K | 13,100 | 0.4% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $479.0K | 3,538 | 0.4% | 3 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $468.2K | 6,128 | 0.4% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $463.1K | 1,943 | 0.4% | 3 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $459.1K | 2,000 | 0.4% | 3 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $443.4K | 4,597 | 0.3% | 3 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $432.5K | 1,784 | 0.3% | 3 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $425.5K | 2,352 | 0.3% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $418.1K | 1,226 | 0.3% | 3 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $413.3K | 3,524 | 0.3% | 3 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $393.6K | 8,128 | 0.3% | 3 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $380.5K | 4,593 | 0.3% | 3 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $379.9K | 1,351 | 0.3% | 3 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $378.3K | 1,146 | 0.3% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $376.0K | 1,066 | 0.3% | 3 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $356.4K | 493 | 0.3% | 3 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $347.0K | 1,103 | 0.3% | 3 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $345.4K | 3,582 | 0.3% | 3 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $336.0K | 1,206 | 0.3% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $330.9K | 1,224 | 0.3% | 3 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $323.6K | 1,966 | 0.2% | 3 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $322.3K | 3,552 | 0.2% | 3 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $319.9K | 2,900 | 0.2% | 3 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $318.0K | 1,067 | 0.2% | 3 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $313.7K | 5,851 | 0.2% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $313.6K | 2,140 | 0.2% | 3 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $303.4K | 2,206 | 0.2% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $301.6K | 807 | 0.2% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $300.9K | 1,815 | 0.2% | 3 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $299.1K | 702 | 0.2% | 3 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $279.4K | 1,150 | 0.2% | 3 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $276.5K | 1,250 | 0.2% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $274.9K | 2,139 | 0.2% | 3 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $268.9K | 410 | 0.2% | 3 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $254.7K | 1,375 | 0.2% | 3 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $250.9K | 4,062 | 0.2% | 3 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $246.3K | 7,078 | 0.2% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $245.3K | 715 | 0.2% | 3 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $242.7K | 2,375 | 0.2% | 3 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $236.7K | 1,691 | 0.2% | 3 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $235.1K | 3,868 | 0.2% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $232.9K | 1,588 | 0.2% | 3 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $231.6K | 3,115 | 0.2% | 3 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $228.1K | 630 | 0.2% | 3 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $225.9K | 299 | 0.2% | 3 |
| J P MORGAN EXCHANGE TRADED F | [BBAX](https://holderbook.com/stocks/BBAX/) | $222.8K | 3,722 | 0.2% | 3 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $222.1K | 436 | 0.2% | 2 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $221.3K | 4,443 | 0.2% | 3 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $221.1K | 434 | 0.2% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $219.3K | 1,096 | 0.2% | 3 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $218.5K | 216 | 0.2% | 3 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $210.1K | 3,956 | 0.2% | 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 | +14.1% | +14.8% | -0.7% | 100% |
| Q1 2026 | -2.1% | -4.6% | +2.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $130.3M | 595 |
| Q1 2026 | $115.0M | 671 |
| Q4 2025 | $113.1M | 613 |