Freestone Capital Holdings, LLC

13F equity value

$3.3B

Positions

530

Top 10 concentration

46.4%

Quarters / total new picks

32 / 1,170

13F equity value over time

"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 32 quarters, returned +3.1% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 59.4% of quarters (excess t = 0.46, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess

+0.7%

t-stat

0.46

Quarterly win rate

59%

Annualized excess

+1.4%

$1 → follow vs universe

$2.31 vs $2.09

Cumulative return: $1 invested in new picks vs 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 530 · 2026 Q1

Ticker	Value	Weight	QoQ
IVV	$450M	13.7%	ADD
VEA	$189M	5.8%	ADD
MSFT	$166M	5.1%	HOLD
NVDA	$141M	4.3%	TRIM
AAPL	$129M	3.9%	HOLD
AGG	$94M	2.9%	ADD
SPY	$93M	2.8%	HOLD
BSV	$92M	2.8%	ADD
VWO	$87M	2.6%	ADD
AMZN	$82M	2.5%	HOLD
GOOGL	$72M	2.2%	HOLD
VOO	$54M	1.6%	ADD
BRK/B	$42M	1.3%	HOLD
AVGO	$41M	1.2%	HOLD
META	$40M	1.2%	HOLD
COST	$40M	1.2%	HOLD
JPM	$31M	0.9%	HOLD
XOM	$30M	0.9%	TRIM
KLAC	$29M	0.9%	TRIM
NKE	$28M	0.8%	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

ALK ANET APD ARCC CCL CORP CRCL CRWV CSX DOW EMLC EQT EXEL FITB FSK GSK HCA HUM HYG IBRX IGV ILF LQD LYFT MGK MNTN MQY MSIF NBIS RKLB

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.