Acropolis Investment Management, LLC
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it. Buying this fund's new positions the day each filing went public, over 31 quarters, returned +7.5% per quarter versus +2.9% from owning every 13F stock, beating that baseline in 67.7% of quarters (excess t = 2.46, statistically significant). Caveat: across all 5,072 funds we tested, past performance shows near-zero persistence (rank correlation −0.018) — with thousands of funds, some will look significant by chance alone.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 384 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| VOO | $341M | | HOLD |
| VEA | $178M | | HOLD |
| DFCF | $147M | | ADD |
| VGIT | $129M | | ADD |
| IJR | $124M | | HOLD |
| IJH | $116M | | HOLD |
| IGIB | $112M | | HOLD |
| JMTG | $88M | | ADD |
| SMLF | $74M | | HOLD |
| BND | $58M | | TRIM |
| VWO | $55M | | HOLD |
| VV | $50M | | HOLD |
| IEFA | $41M | | TRIM |
| MTUM | $34M | | HOLD |
| VGSH | $34M | | TRIM |
| DFLV | $32M | | HOLD |
| IMTM | $30M | | HOLD |
| DFIV | $27M | | TRIM |
| VMBS | $25M | | TRIM |
| LRGF | $24M | | ADD |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.