13F
中
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Beacon Capital Management, Inc.

13F equity value
$1.8B
Positions
57
Top 10 concentration
53.3%
Quarters / total new picks
20 / 234
13F equity value over time
$0M$2B$3B2017201820192020202120222023202420252026

"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.

Negative Verdict

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 20 quarters, returned +4.6% per quarter versus +5.4% from simply owning every 13F stock — it beat that baseline in only 55.0% of quarters (excess t = -2.19). Copying it would have systematically underperformed the simplest possible strategy.

Avg 2Q excess
-8.8%
t-stat
-2.19
Quarterly win rate
55%
Annualized excess
-3.7%
$1 → follow vs universe
$2.30 vs $2.68
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820200331: universe 1.26320200630: universe 1.39620200930: universe 1.71220210930: universe 1.53620220331: universe 1.65020220630: universe 1.52820220930: universe 1.64220230331: universe 1.73020230930: universe 1.96320231231: universe 2.05120250331: universe 2.23620250630: universe 2.30620250930: universe 2.59420251231: universe 2.683 20180331: follow 1.11620180630: follow 1.22620180930: follow 1.37320181231: follow 1.50120190331: follow 1.52920190630: follow 1.63320200331: follow 1.82620200630: follow 1.96920200930: follow 2.08120210930: follow 1.98920220331: follow 1.91720220630: follow 1.63620220930: follow 1.75220230331: follow 1.95820230930: follow 2.29320231231: follow 2.41720250331: follow 2.65020250630: follow 2.84420250930: follow 2.60820251231: follow 2.305 0.88 1.98 3.07 2018201920202021202220232025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 57 · 2026 Q1

Ticker Value Weight QoQ
VDE $125M
7.0%
TRIM
VPU $104M
5.8%
TRIM
VAW $102M
5.8%
TRIM
VIS $102M
5.7%
TRIM
VHT $96M
5.4%
TRIM
VDC $94M
5.3%
TRIM
VNQ $91M
5.1%
ADD
SPY $89M
5.0%
ADD
VOX $73M
4.1%
TRIM
VGT $70M
4.0%
TRIM
VFH $67M
3.8%
TRIM
VCR $67M
3.8%
TRIM
VTIP $67M
3.8%
ADD
QQQ $59M
3.3%
TRIM
FLRN $58M
3.3%
ADD
BIV $48M
2.7%
TRIM
BLV $47M
2.7%
TRIM
VGSH $45M
2.5%
NEW
VCSH $44M
2.5%
NEW
BSV $28M
1.6%
TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

VCSHVGSHXLY

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.