13F
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BENJAMIN EDWARDS INC

13F equity value
$10.1B
Positions
1,350
Top 10 concentration
14.4%
Quarters / total new picks
27 / 1,116
13F equity value over time
$0M$5B$10B20192020202120222023202420252026

"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.

Not significant 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 anyway. Buying this fund's new positions the day each filing went public, over 27 quarters, returned +4.5% per quarter — versus +3.3% per quarter from simply owning every 13F stock. It beat that baseline in only 63.0% of quarters (excess t = 1.72, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+2.7%
t-stat
1.72
Quarterly win rate
63%
Annualized excess
+5.7%
$1 → follow vs universe
$2.99 vs $2.14
Cumulative return: $1 invested in new picks vs universe
1.00 20190630: universe 1.07520190930: universe 1.15620191231: universe 0.93320200331: universe 1.12420200630: universe 1.24220200930: universe 1.52320201231: universe 1.59320210331: universe 1.60720210630: universe 1.73520210930: universe 1.55820211231: universe 1.32620220331: universe 1.42320220630: universe 1.31820220930: universe 1.41620221231: universe 1.31520230331: universe 1.38620230630: universe 1.33620230930: universe 1.51720231231: universe 1.58520240331: universe 1.62020240630: universe 1.76720240930: universe 1.75220241231: universe 1.63520250331: universe 1.78320250630: universe 1.83920250930: universe 2.06820251231: universe 2.139 20190630: follow 1.14220190930: follow 1.23820191231: follow 1.05720200331: follow 1.18820200630: follow 1.33020200930: follow 1.55020201231: follow 1.58820210331: follow 1.74320210630: follow 1.83920210930: follow 1.79620211231: follow 1.54220220331: follow 1.56120220630: follow 1.55220220930: follow 1.77120221231: follow 1.77920230331: follow 1.90420230630: follow 1.83520230930: follow 1.98620231231: follow 2.05820240331: follow 2.07720240630: follow 2.29020240930: follow 2.27720241231: follow 2.15320250331: follow 2.47020250630: follow 2.55920250930: follow 2.82720251231: follow 2.988 0.86 2.04 3.23 2019202020212022202320242025 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 1350 · 2026 Q1

Ticker Value Weight QoQ
AAPL $243M
2.4%
HOLD
SPDW $177M
1.8%
TRIM
MSFT $150M
1.5%
ADD
SPMB $144M
1.4%
ADD
SPYG $135M
1.3%
ADD
IUSV $134M
1.3%
ADD
IUSG $122M
1.2%
ADD
CGXU $120M
1.2%
ADD
SPYV $112M
1.1%
ADD
NVDA $112M
1.1%
HOLD
CGGR $106M
1.1%
ADD
CGUS $106M
1.1%
ADD
XOM $99M
1.0%
TRIM
CASY $92M
0.9%
TRIM
APH $89M
0.9%
HOLD
SCHF $88M
0.9%
TRIM
COST $86M
0.9%
TRIM
WMT $83M
0.8%
HOLD
AVGO $81M
0.8%
ADD
VCIT $79M
0.8%
ADD

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

ACMALHCAMCRAMEARMKAUBAVLVBANRBENBSYCACICALMCCLCECINFCMCCNXCOPXCPCRCLCSREDCOMEEMELANENTGEQNRETHEXELFCELFCG

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.