DK
David Kennon Portfolio holdings
AUM
$302M
Turnover
0%
1-Year Est. Return
12%
This Fund
S&P 500
This Quarter
Est. Return
+11.79%
1 Year Est. Return
+12%
3 Year Est. Return
+52.39%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$303M
AUM Growth
+$23.7M
(+8.5%)
Cap. Flow
-$5.52M
Cap. Flow
% of AUM
-1.82%
Top 10 Holdings %
Top 10 Hldgs %
72.8%
Holding
46
New
5
Increased
6
Reduced
27
Closed
1
Avg Time Held
2.5
years
Top 10 Avg Time Held
2.3
years
Top 20 Avg Time Held
2.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco NASDAQ 100 ETF
QQQM
|
+$17.2M |
| 2 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$3.28M |
| 3 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$3.27M |
| 4 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$3.26M |
| 5 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$3.17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fidelity Nasdaq Composite Index ETF
ONEQ
|
+$15.8M |
| 2 |
Invesco Dow Jones Industrial Average Dividend ETF
DJD
|
+$13M |
| 3 |
Vanguard Utilities ETF
VPU
|
+$3.25M |
| 4 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$1.3M |
| 5 |
Vanguard Morningstar Mid-Cap ETF
VO
|
+$502K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 98.66% |
| 2 | Technology | 0.96% |
| 3 | Consumer Discretionary | 0.22% |
| 4 | Healthcare | 0.09% |
| 5 | Financials | 0.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Vanguard S&P 500 ETF
VOO
$1.04T
| $77.8M | 25.7% |
113,227
-154
| -0.1% | -$103K |
2023 Q1
13 quarters
|
|
|
2
Vanguard Morningstar Total Stock Market ETF
VTI
$694B
| $35.5M | 11.73% |
95,930
-3,629
| -4% | -$1.3M |
2022 Q3
15 quarters
|
|
3
Vanguard Total International Stock ETF
VXUS
$161B
| $19.9M | 6.57% |
232,552
-502
| -0.2% | -$42K |
2022 Q3
15 quarters
|
|
|
4
Invesco NASDAQ 100 ETF
QQQM
$109B
| $18.4M | 6.09% |
+60,880
| New | +$17.2M |
2026 Q2
0 quarters
|
|
5
Vanguard Ultra-Short Bond ETF
VUSB
$9.9B
| $17.6M | 5.83% |
354,232
-5,964
| -2% | -$297K |
2023 Q1
13 quarters
|
|
6
Vanguard Morningstar Small-Cap ETF
VB
$76.8B
| $14.2M | 4.69% |
46,823
-553
| -1% | -$158K |
2022 Q3
15 quarters
|
|
|
7
Vanguard Morningstar Mid-Cap ETF
VO
$106B
| $11.6M | 3.83% |
143,679
-6,469
| -4% | -$502K |
2022 Q3
15 quarters
|
|
8
Fidelity International High Dividend ETF
FIDI
$389M
| $9.33M | 3.08% |
340,918
-6,798
| -2% | -$191K |
2022 Q3
15 quarters
|
|
9
Vanguard Real Estate ETF
VNQ
$36.2B
| $8.1M | 2.68% |
84,031
-201
| -0.2% | -$19.2K |
2022 Q3
15 quarters
|
|
10
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17.4B
| $7.88M | 2.61% |
152,251
-1,593
| -1% | -$81.5K |
2022 Q3
15 quarters
|
|
|
11
Fidelity Nasdaq Composite Index ETF
ONEQ
$10.9B
| $7.85M | 2.59% |
76,041
-158,635
| -68% | -$15.8M |
2022 Q3
15 quarters
|
|
12
Vanguard Short-Term Treasury ETF
VGSH
$35.1B
| $7.02M | 2.32% |
120,630
+1,610
| +1% | +$93.8K |
2026 Q1
1 quarter
|
|
13
Vanguard Health Care ETF
VHT
$19.5B
| $5.93M | 1.96% |
19,829
-2
| -0% | -$556 |
2024 Q1
9 quarters
|
|
|
14
Vanguard Utilities ETF
VPU
$8.1B
| $5.4M | 1.79% |
27,602
-16,571
| -38% | -$3.25M |
2024 Q1
9 quarters
|
|
15
Vanguard Morningstar Mega Cap ETF
MGC
$10.4B
| $4.42M | 1.46% |
16,168
-165
| -1% | -$43.8K |
2022 Q3
15 quarters
|
|
16
State Street Ultra Short Term Bond ETF
ULST
$505M
| $4.29M | 1.42% |
106,107
-1,483
| -1% | -$59.9K |
2023 Q1
13 quarters
|
|
17
Goldman Sachs Access US Aggregate Bond ETF
GCOR
$811M
| $3.87M | 1.28% |
94,106
+83
| +0.1% | +$3.42K |
2024 Q1
9 quarters
|
|
|
18
State Street Technology Select Sector SPDR ETF
XLK
$125B
| $3.54M | 1.17% |
+18,579
| New | +$3.17M |
2026 Q2
0 quarters
|
|
|
19
State Street Industrial Select Sector SPDR ETF
XLI
$30.5B
| $3.48M | 1.15% |
+18,779
| New | +$3.26M |
2026 Q2
0 quarters
|
|
20
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.87B
| $3.41M | 1.13% |
67,495
+385
| +0.6% | +$19.5K |
2026 Q1
1 quarter
|
|
21
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.3B
| $3.39M | 1.12% |
64,760
+697
| +1% | +$36.5K |
2026 Q1
1 quarter
|
|
|
22
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.4B
| $3.25M | 1.08% |
+39,182
| New | +$3.27M |
2026 Q2
0 quarters
|
|
23
Vanguard Total Bond Market
BND
$162B
| $3.1M | 1.02% |
42,239
-3,459
| -8% | -$254K |
2022 Q3
15 quarters
|
|
|
24
State Street Energy Select Sector SPDR ETF
XLE
$43.5B
| $3.05M | 1.01% |
+57,428
| New | +$3.28M |
2026 Q2
0 quarters
|
|
25
BNY Mellon US Large Cap Core Equity ETF
BKLC
$5.86B
| $2.88M | 0.95% |
60,345
+417
| +0.7% | +$19.3K |
2024 Q1
9 quarters
|
|
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David Kennon's Q2 2026 Portfolio in Review
As of Q2 2026, David Kennon held 46 positions worth $303M, up 8.5% from $279M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
David Kennon's Q2 2026 filing shows 5 new, 6 increased, 27 reduced and 1 closed positions. Its largest new stake was Invesco NASDAQ 100 ETF: 60,880 shares worth $18.4M. The largest sale was Fidelity Nasdaq Composite Index ETF, an estimated $15.8M.
By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, down from 99% a quarter earlier, followed by Technology and Consumer Discretionary.
- David Kennon's largest Q2 2026 buy was Invesco NASDAQ 100 ETF: 60,880 shares worth $18.4M.
- David Kennon added most to Vanguard Short-Term Treasury ETF in Q2 2026, an estimated $93.8K increase.
- David Kennon's biggest Q2 2026 reduction was Fidelity Nasdaq Composite Index ETF, cutting an estimated $15.8M.
- David Kennon fully exited Invesco Dow Jones Industrial Average Dividend ETF in Q2 2026, selling an estimated $13M.
- David Kennon's ten largest holdings make up 73% of its $303M portfolio in Q2 2026.
- David Kennon opened 5 new positions and closed 1 in Q2 2026.
- David Kennon's portfolio value rose 8.5% quarter-over-quarter to $303M.
Based on David Kennon's 13F filing for Q2 2026, filed 22 Jul 2026.