Cassaday & Co Wealth 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 12 quarters, returned +5.3% per quarter — versus +4.3% per quarter from simply owning every 13F stock. It beat that baseline in only 50.0% of quarters (excess t = 0.36, 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 1361 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| MGK | $1.4B | | HOLD |
| GLDM | $309M | | HOLD |
| SCHD | $294M | | ADD |
| IWO | $294M | | HOLD |
| IWP | $280M | | HOLD |
| VGLT | $269M | | ADD |
| IVE | $253M | | ADD |
| IWS | $149M | | HOLD |
| XLRE | $136M | | HOLD |
| IWN | $122M | | HOLD |
| EEM | $105M | | TRIM |
| SCZ | $99M | | HOLD |
| IWD | $89M | | HOLD |
| NOBL | $68M | | HOLD |
| DJP | $66M | | HOLD |
| SPEM | $53M | | HOLD |
| AAPL | $52M | | HOLD |
| NVDA | $28M | | TRIM |
| VOT | $27M | | HOLD |
| MSFT | $26M | | HOLD |
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.