13F
中
← All fund report cards

Falcon Wealth Planning

13F equity value
$1.5B
Positions
236
Top 10 concentration
61.2%
Quarters / total new picks
19 / 111
13F equity value over time
$0M$734M$1B2020202120222023202420252026

"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 19 quarters, returned +0.5% per quarter — versus +1.5% per quarter from simply owning every 13F stock. It beat that baseline in only 52.6% of quarters (excess t = 0.39, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+1.2%
t-stat
0.39
Quarterly win rate
53%
Annualized excess
-7.3%
$1 → follow vs universe
$0.88 vs $1.24
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210930: universe 0.90620211231: universe 0.77120220331: universe 0.82720220630: universe 0.76720220930: universe 0.82320221231: universe 0.76520230331: universe 0.80620230630: universe 0.77720230930: universe 0.88220231231: universe 0.92120240331: universe 0.94220240630: universe 1.02820240930: universe 1.01920241231: universe 0.95120250331: universe 1.03720250630: universe 1.06920250930: universe 1.20220251231: universe 1.244 20210331: follow 0.96820210930: follow 0.92920211231: follow 0.83120220331: follow 1.03620220630: follow 0.76220220930: follow 0.48420221231: follow 0.49820230331: follow 0.56020230630: follow 0.55620230930: follow 0.61420231231: follow 0.63820240331: follow 0.66620240630: follow 0.67920240930: follow 0.65220241231: follow 0.68520250331: follow 0.70420250630: follow 0.73720250930: follow 0.92220251231: follow 0.883 0.45 0.89 1.34 20212022202320242025 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 236 · 2026 Q1

Ticker Value Weight QoQ
KRMN $206M
14.0%
NEW
AVLV $159M
10.8%
ADD
MGK $86M
5.9%
ADD
AAPL $72M
4.9%
ADD
FBND $69M
4.7%
ADD
DFIV $66M
4.5%
HOLD
PYLD $62M
4.2%
ADD
BINC $62M
4.2%
ADD
QQQ $60M
4.1%
ADD
VGSH $57M
3.9%
ADD
AVEM $48M
3.3%
NEW
IHDG $45M
3.1%
ADD
VNQ $39M
2.7%
ADD
AVUV $29M
2.0%
ADD
FPE $27M
1.8%
ADD
AVDV $26M
1.8%
TRIM
IJT $26M
1.8%
ADD
AVMV $24M
1.6%
NEW
IWP $19M
1.3%
ADD
VTV $18M
1.3%
HOLD

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

AMGNAVEMAVMVAXPBRRCDECIENCOURDEDJANFEFFAIFIXFNDAGEVHONIVWIXUSKRMNMCHPMRSHNEENOWPFESCHDSCHFSLVSNDKSTXVZ

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.