Facet Wealth, Inc.
"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 19 quarters, returned +2.9% per quarter — versus +2.3% per quarter from simply owning every 13F stock. It beat that baseline in only 47.4% of quarters (excess t = -0.16, 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 349 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| VEA | $894M | | ADD |
| VTI | $716M | | ADD |
| QUAL | $569M | | ADD |
| BND | $524M | | ADD |
| VTV | $312M | | ADD |
| VWO | $202M | | ADD |
| EMXC | $171M | | ADD |
| VCIT | $166M | | ADD |
| SPMD | $153M | | ADD |
| MUB | $148M | | TRIM |
| IEFA | $132M | | ADD |
| VTEB | $132M | | ADD |
| IUSG | $126M | | ADD |
| IEI | $125M | | ADD |
| MGK | $120M | | ADD |
| ITOT | $112M | | ADD |
| CMF | $90M | | ADD |
| JQUA | $78M | | ADD |
| SPDW | $63M | | ADD |
| SPYV | $50M | | 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.