13F
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Heck Capital Advisors, LLC

13F equity value
$1.3B
Positions
202
Top 10 concentration
52.3%
Quarters / total new picks
27 / 593
13F equity value over time
$0M$735M$1B2017201820192020202120222023202420252026

"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 27 quarters, returned +4.3% per quarter — versus +2.4% per quarter from simply owning every 13F stock. It beat that baseline in only 48.1% of quarters (excess t = -0.14, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-0.7%
t-stat
-0.14
Quarterly win rate
48%
Annualized excess
+2.6%
$1 → follow vs universe
$1.99 vs $1.69
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920181231: universe 0.94920190331: universe 0.93220190630: universe 1.00220190930: universe 1.07720191231: universe 0.86920200331: universe 1.04820200630: universe 1.15820200930: universe 1.42020210331: universe 1.43220210930: universe 1.28620211231: universe 1.09420220331: universe 1.17520220630: universe 1.08820220930: universe 1.16920221231: universe 1.08620230630: universe 1.04720230930: universe 1.18820231231: universe 1.24220240331: universe 1.26920240630: universe 1.38520241231: universe 1.29220250331: universe 1.40920250630: universe 1.45320250930: universe 1.63420251231: universe 1.690 20180331: follow 1.03320180630: follow 0.99220181231: follow 1.11920190331: follow 1.09920190630: follow 1.30820190930: follow 1.52020191231: follow 1.50520200331: follow 1.91620200630: follow 1.91920200930: follow 1.89720210331: follow 2.09520210930: follow 1.87220211231: follow 1.37620220331: follow 1.59620220630: follow 1.38720220930: follow 1.45720221231: follow 1.29520230630: follow 0.79020230930: follow 0.86520231231: follow 0.93420240331: follow 0.92120240630: follow 1.63220241231: follow 1.56520250331: follow 1.65220250630: follow 1.81020250930: follow 2.04620251231: follow 1.991 0.73 1.49 2.26 20182019202020212022202320242025 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 202 · 2026 Q1

Ticker Value Weight QoQ
IVV $194M
14.4%
HOLD
IAUM $114M
8.4%
ADD
VTI $112M
8.3%
TRIM
ONEQ $50M
3.7%
HOLD
DIA $49M
3.6%
HOLD
IEMG $43M
3.2%
TRIM
GOVT $38M
2.8%
HOLD
IEFA $38M
2.8%
TRIM
FRDM $34M
2.5%
ADD
IWL $33M
2.4%
HOLD
QUAL $28M
2.1%
TRIM
LMBS $26M
1.9%
HOLD
RSP $24M
1.8%
TRIM
ITOT $20M
1.5%
TRIM
FTCS $17M
1.3%
HOLD
RECS $17M
1.2%
HOLD
DGRW $16M
1.2%
HOLD
IJR $16M
1.2%
HOLD
COWG $16M
1.2%
HOLD
MBB $15M
1.1%
TRIM

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

ACWIAPLDCRDOEOSEFANGFCOMFNCLGLDGOOGHEQTIWCMECPLTRREMXSCZSMRSPYURAUUUUVOWDCZFEB

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.