JB Capital LLC
"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 17 quarters, returned +2.5% per quarter — versus +2.2% per quarter from simply owning every 13F stock. It beat that baseline in only 64.7% of quarters (excess t = 0.42, 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 259 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| IVV | $254M | | ADD |
| IVE | $171M | | TRIM |
| IVW | $151M | | ADD |
| DYNF | $145M | | TRIM |
| IEMG | $131M | | TRIM |
| EFV | $120M | | TRIM |
| IUSB | $116M | | ADD |
| EFG | $78M | | ADD |
| QUAL | $71M | | ADD |
| BAI | $70M | | ADD |
| MTUM | $69M | | ADD |
| THRO | $68M | | ADD |
| IDEF | $52M | | NEW |
| BLCR | $51M | | NEW |
| TLH | $50M | | ADD |
| AAPL | $34M | | HOLD |
| GOVT | $32M | | ADD |
| MBB | $32M | | ADD |
| IAGG | $30M | | ADD |
| JPM | $21M | | TRIM |
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.