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Note Advisors Portfolio holdings
AUM
$200M
1-Year Est. Return
12.75%
This Fund
S&P 500
This Quarter
Est. Return
+1.73%
1 Year Est. Return
+12.75%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$195M
AUM Growth
+$26.8M
(+16%)
Cap. Flow
+$44.4M
Cap. Flow
% of AUM
22.78%
Top 10 Holdings %
Top 10 Hldgs %
62.32%
Holding
88
New
5
Increased
38
Reduced
33
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cencora
COR
|
+$24.7M |
| 2 |
Dimensional Core Fixed Income ETF
DFCF
|
+$4.47M |
| 3 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$4.24M |
| 4 |
Dimensional US Core Equity Market ETF
DFAU
|
+$2.41M |
| 5 |
Dimensional International Core Fixed Income ETF
DFGX
|
+$1.77M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Trust Preferred Securities and Income ETF
FPE
|
+$946K |
| 2 |
Vanguard Total International Bond ETF
BNDX
|
+$709K |
| 3 |
United Rentals
URI
|
+$334K |
| 4 |
Vanguard Russell 1000 ETF
VONE
|
+$274K |
| 5 |
Oracle
ORCL
|
+$255K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 1.5% |
| 2 | Technology | 1.48% |
| 3 | Consumer Discretionary | 1.15% |
| 4 | Financials | 1.08% |
| 5 | Healthcare | 0.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Tesla
TSLA
$1.22T
| $238K | 0.12% |
552
-67
| -11% | -$29.7K |
|
|
EVSD
77
Eaton Vance Short Duration Income ETF
EVSD
$1.34B
| $225K | 0.12% |
+4,364
| New | +$225K |
|
78
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.4B
| $224K | 0.11% |
2,770
-237
| -8% | -$18.2K |
|
79
iShares Select U.S. REIT ETF
ICF
$2.09B
| $221K | 0.11% |
+3,612
| New | +$219K |
|
80
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.73B
| $216K | 0.11% |
2,403
-54
| -2% | -$4.52K |
|
81
Citigroup
C
$222B
| $212K | 0.11% |
1,863
-181
| -9% | -$18.8K |
|
|
SPYM
82
State Street SPDR Portfolio S&P 500 ETF
SPYM
$158B
| $202K | 0.1% |
+2,504
| New | +$199K |
|
83
Blackstone
BX
$149B
| – | – |
-1,174
| Closed | -$201K |
|
|
84
First Trust Preferred Securities and Income ETF
FPE
$6.31B
| – | – |
-51,885
| Closed | -$946K |
|
85
NVIDIA
NVDA
$5.03T
| – | – |
-1,118
| Closed | -$209K |
|
|
86
Oracle
ORCL
$356B
| – | – |
-906
| Closed | -$255K |
|
|
87
United Rentals
URI
$72.6B
| – | – |
-350
| Closed | -$334K |
|
88
Visa
V
$663B
| – | – |
-608
| Closed | -$208K |
|
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Note Advisors's Q4 2025 Portfolio in Review
As of Q4 2025, Note Advisors held 88 positions worth $195M, up 16% from $168M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Note Advisors deployed $44.4M of net new capital in Q4 2025, opening 5 new positions and adding to 38 existing holdings. Its largest new stake was Dimensional International Core Equity 2 ETF: 32,392 shares worth $1.16M.
By sector, the portfolio is most concentrated in Communication Services at 1.5% of assets, up from 1.4% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Vanguard Total International Bond ETF, an estimated $709K trimmed.
- Note Advisors's largest Q4 2025 buy was Dimensional International Core Equity 2 ETF: 32,392 shares worth $1.16M.
- Note Advisors added most to Cencora in Q4 2025, an estimated $24.7M increase.
- Note Advisors's biggest Q4 2025 reduction was Vanguard Total International Bond ETF, cutting an estimated $709K.
- Note Advisors fully exited First Trust Preferred Securities and Income ETF in Q4 2025, selling an estimated $946K.
- Note Advisors's ten largest holdings make up 62% of its $195M portfolio in Q4 2025.
- Note Advisors opened 5 new positions and closed 6 in Q4 2025.
- Note Advisors's portfolio value rose 16% quarter-over-quarter to $195M.
Based on Note Advisors's 13F filing for Q4 2025, filed 18 Feb 2026.