13F
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Orgel Wealth Management, LLC

13F equity value
$4.6B
Positions
95
Top 10 concentration
68.7%
Quarters / total new picks
23 / 54
13F equity value over time
$0M$2B$5B2017201820192020202120222023202420252026

"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 +0.9% per quarter — versus +2.9% per quarter from simply owning every 13F stock. It beat that baseline in only 34.8% of quarters (excess t = -0.48, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-1.6%
t-stat
-0.48
Quarterly win rate
35%
Annualized excess
-9.1%
$1 → follow vs universe
$1.05 vs $1.73
Cumulative return: $1 invested in new picks vs universe
1.00 20180630: universe 0.92120190630: universe 0.99020190930: universe 1.06520191231: universe 0.85920200331: universe 1.03520200630: universe 1.14420200930: universe 1.40320201231: universe 1.46720210331: universe 1.48020210930: universe 1.32820211231: universe 1.13120220331: universe 1.21420220630: universe 1.12420221231: universe 1.04420230331: universe 1.10020230930: universe 1.24920231231: universe 1.30520240331: universe 1.33420240930: universe 1.32320250331: universe 1.44220250630: universe 1.48820250930: universe 1.67320251231: universe 1.730 20180630: follow 0.84820190630: follow 0.86820190930: follow 0.91120191231: follow 0.89020200331: follow 1.04620200630: follow 1.11120200930: follow 0.99120201231: follow 1.18920210331: follow 1.16720210930: follow 0.99420211231: follow 0.85720220331: follow 0.85120220630: follow 0.77620221231: follow 0.81620230331: follow 0.88120230930: follow 1.07120231231: follow 1.11620240331: follow 1.12820240930: follow 1.20220250331: follow 0.93220250630: follow 0.90420250930: follow 1.08720251231: follow 1.053 0.71 1.29 1.87 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 95 · 2026 Q1

Ticker Value Weight QoQ
QUAL $632M
13.6%
ADD
IVV $398M
8.6%
ADD
VGSH $341M
7.4%
TRIM
SPYG $336M
7.2%
TRIM
VYMI $289M
6.2%
ADD
MUB $284M
6.1%
ADD
VSDB $266M
5.7%
NEW
PMBS $239M
5.1%
HOLD
SCHF $233M
5.0%
ADD
VTEB $173M
3.7%
TRIM
VOE $166M
3.6%
ADD
MTUM $164M
3.5%
HOLD
MMIT $158M
3.4%
ADD
PFFD $130M
2.8%
TRIM
VIOO $125M
2.7%
ADD
SCHX $120M
2.6%
HOLD
FLQM $99M
2.1%
ADD
SCHE $70M
1.5%
ADD
FQAL $65M
1.4%
HOLD
IEFA $64M
1.4%
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

DGREGOOGGOOGLIGROIWSMLPX

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.