13F
中
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Frank, Rimerman Advisors LLC

13F equity value
$1.5B
Positions
590
Top 10 concentration
38.4%
Quarters / total new picks
19 / 779
13F equity value over time
$0M$789M$2B2020202120222023202420252026

"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 +1.5% per quarter — versus +1.2% per quarter from simply owning every 13F stock. It beat that baseline in only 47.4% of quarters (excess t = -0.70, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-1.5%
t-stat
-0.70
Quarterly win rate
47%
Annualized excess
+0.3%
$1 → follow vs universe
$1.20 vs $1.18
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210630: universe 1.09020210930: universe 0.97820211231: universe 0.83220220331: universe 0.89420220630: universe 0.82820220930: universe 0.88920221231: universe 0.82620230331: universe 0.87020230630: universe 0.83920231231: universe 0.87720240331: universe 0.89620240630: universe 0.97820240930: universe 0.96920241231: universe 0.90520250331: universe 0.98620250630: universe 1.01720250930: universe 1.14420251231: universe 1.183 20210331: follow 1.09120210630: follow 1.04520210930: follow 0.89920211231: follow 0.79320220331: follow 0.93720220630: follow 0.92820220930: follow 1.15220221231: follow 1.14120230331: follow 1.21720230630: follow 1.01020231231: follow 1.05920240331: follow 1.03320240630: follow 1.10120240930: follow 1.05520241231: follow 0.98320250331: follow 1.00920250630: follow 1.08020250930: follow 1.19520251231: follow 1.200 0.73 1.02 1.31 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 590 · 2026 Q1

Ticker Value Weight QoQ
NVDA $99M
6.5%
HOLD
QQQ $85M
5.6%
HOLD
GOOGL $73M
4.8%
HOLD
AAPL $73M
4.8%
HOLD
NFLX $57M
3.7%
HOLD
SPY $48M
3.1%
TRIM
MSFT $47M
3.1%
ADD
GOOG $40M
2.6%
HOLD
QQQM $34M
2.2%
HOLD
VTI $31M
2.0%
HOLD
AMZN $28M
1.8%
TRIM
AVGO $26M
1.7%
ADD
META $24M
1.6%
ADD
TSM $19M
1.2%
HOLD
JPM $17M
1.1%
HOLD
TSLA $16M
1.0%
HOLD
JNJ $12M
0.8%
HOLD
VEA $12M
0.8%
HOLD
RSP $11M
0.7%
TRIM
WMT $11M
0.7%
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

ADCAEISAEMAMCRAPAAURBAMCCLCHTCLXCOHRCRWVDDOGDEOENBFLEXGFIGISGRABGTMINSMKDPKMBLILITELYBLYVMCHPMSTRNTRS

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.