13F
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Johnson Financial Group, LLC

13F equity value
$1.5B
Positions
185
Top 10 concentration
86.4%
Quarters / total new picks
23 / 154
13F equity value over time
$0M$808M$2B2017201820192020202120222023202420252026

"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 23 quarters, returned +6.8% per quarter — versus +4.3% per quarter from simply owning every 13F stock. It beat that baseline in only 65.2% of quarters (excess t = -0.14, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-0.6%
t-stat
-0.14
Quarterly win rate
65%
Annualized excess
+8.7%
$1 → follow vs universe
$3.72 vs $2.46
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120190630: universe 1.11920200331: universe 1.34920200630: universe 1.49020200930: universe 1.82720201231: universe 1.91120210331: universe 1.92820210630: universe 2.08220211231: universe 1.77220220331: universe 1.90220220630: universe 1.76220220930: universe 1.89320221231: universe 1.75820230331: universe 1.85220230630: universe 1.78620231231: universe 1.86620240630: universe 2.03520240930: universe 2.01820241231: universe 1.88320250331: universe 2.05320250630: universe 2.11820250930: universe 2.38120251231: universe 2.463 20180331: follow 1.07320190630: follow 1.19320200331: follow 1.36920200630: follow 1.26520200930: follow 1.36620201231: follow 1.51520210331: follow 1.55020210630: follow 1.72220211231: follow 1.65920220331: follow 1.87720220630: follow 1.88720220930: follow 3.27520221231: follow 3.17920230331: follow 3.41520230630: follow 3.25320231231: follow 3.37120240630: follow 3.63120240930: follow 3.63520241231: follow 3.40720250331: follow 3.71720250630: follow 3.34920250930: follow 3.51720251231: follow 3.716 0.92 2.47 4.01 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 185 · 2026 Q1

Ticker Value Weight QoQ
VV $764M
50.9%
HOLD
VEA $234M
15.6%
HOLD
VWO $115M
7.7%
TRIM
VTI $49M
3.3%
TRIM
VB $43M
2.9%
TRIM
SCHC $28M
1.9%
TRIM
VNQ $19M
1.2%
HOLD
PDBC $16M
1.1%
HOLD
SCHF $16M
1.1%
HOLD
SPY $12M
0.8%
TRIM
AAPL $10M
0.7%
ADD
VSS $10M
0.7%
TRIM
MINT $9M
0.6%
TRIM
SCHX $8M
0.5%
ADD
IVV $6M
0.4%
ADD
SCHE $6M
0.4%
TRIM
HLF $6M
0.4%
HOLD
EEMS $6M
0.4%
TRIM
SCHG $6M
0.4%
ADD
NVDA $5M
0.4%
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

ABTADBEADIAEHRAMATANETASMLBACBBYBWXTCATCBCGBLCLCMCMECOSTCRHCRMCSCOCVXCWKDUKEQIXETNFDXFFIVGEGEVGLD

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.