Catalyst Capital Advisors 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 +1.7% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 43.8% of quarters (excess t = -0.45, 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 365 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| IWB | $585M | | ADD |
| IJH | $559M | | ADD |
| IWM | $398M | | ADD |
| USMV | $393M | | ADD |
| VWO | $380M | | ADD |
| SPY | $341M | | ADD |
| IJR | $306M | | ADD |
| VOO | $153M | | ADD |
| INDA | $146M | | ADD |
| VV | $133M | | ADD |
| DFAC | $129M | | ADD |
| VNQ | $124M | | ADD |
| VO | $121M | | ADD |
| VB | $92M | | ADD |
| IWR | $75M | | ADD |
| IQLT | $73M | | ADD |
| EWT | $69M | | TRIM |
| EWJ | $68M | | ADD |
| EWU | $66M | | ADD |
| DFAE | $58M | | 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.