13F
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Koss-Olinger Consulting, LLC

13F equity value
$1.2B
Positions
254
Top 10 concentration
67.1%
Quarters / total new picks
18 / 526
13F equity value over time
$0M$645M$1B202120222023202420252026

"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 18 quarters, returned +1.5% per quarter — versus +1.2% per quarter from simply owning every 13F stock. It beat that baseline in only 55.6% of quarters (excess t = 0.13, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+0.3%
t-stat
0.13
Quarterly win rate
56%
Annualized excess
+0.8%
$1 → follow vs universe
$1.23 vs $1.18
Cumulative return: $1 invested in new picks vs universe
1.00 20210630: universe 1.08020210930: universe 0.96920211231: universe 0.82520220331: universe 0.88620220630: universe 0.82120220930: universe 0.88120221231: universe 0.81920230331: universe 0.86320230630: universe 0.83220230930: universe 0.94420231231: universe 0.98620240331: universe 1.00820240630: universe 1.10020240930: universe 1.09120241231: universe 1.01820250331: universe 1.11020250630: universe 1.14420251231: universe 1.184 20210630: follow 1.11920210930: follow 1.10420211231: follow 0.95020220331: follow 0.96820220630: follow 0.87520220930: follow 1.04420221231: follow 0.99620230331: follow 1.04220230630: follow 0.95220230930: follow 1.02720231231: follow 1.04620240331: follow 1.10320240630: follow 1.19320240930: follow 1.22820241231: follow 1.16620250331: follow 1.27820250630: follow 1.17120251231: follow 1.228 0.75 1.07 1.38 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 254 · 2026 Q1

Ticker Value Weight QoQ
SCHX $269M
22.6%
ADD
BOND $117M
9.8%
TRIM
AGG $82M
6.9%
ADD
ACWX $82M
6.9%
NEW
SPMD $63M
5.3%
ADD
JPSE $54M
4.5%
TRIM
USHY $46M
3.9%
TRIM
SPEM $35M
2.9%
TRIM
BLV $27M
2.2%
TRIM
EFIV $26M
2.2%
HOLD
IVE $20M
1.6%
TRIM
VWO $17M
1.5%
TRIM
BKLN $17M
1.4%
NEW
GVI $16M
1.4%
TRIM
ISTB $15M
1.3%
TRIM
IWB $14M
1.1%
TRIM
IWR $11M
0.9%
TRIM
IVW $9M
0.7%
HOLD
NVDA $8M
0.7%
TRIM
EFG $8M
0.7%
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

ACWXBKLNBNDXBSCTEEMFLRNHYLBIBTJJPSTMMMMQYSFMSPSBSPTMTEXTGTTMUSIGVEAVGITVGSHVTIP

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.