Allen 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 anyway. Buying this fund's new positions the day each filing went public, over 32 quarters, returned +2.4% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 56.2% of quarters (excess t = 0.68, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 221 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| AMZN | $534M | | TRIM |
| SCHW | $501M | | TRIM |
| MSFT | $420M | | TRIM |
| META | $403M | | TRIM |
| GOOG | $340M | | ADD |
| GEV | $339M | | TRIM |
| V | $327M | | TRIM |
| MCO | $306M | | TRIM |
| UNH | $297M | | TRIM |
| SPGI | $285M | | TRIM |
| APO | $247M | | TRIM |
| BA | $237M | | ADD |
| GLD | $214M | | ADD |
| AMLP | $211M | | ADD |
| VTI | $191M | | HOLD |
| QQQ | $182M | | ADD |
| VOO | $154M | | HOLD |
| XLE | $145M | | ADD |
| SPY | $121M | | HOLD |
| NVDA | $120M | | TRIM |
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.