PDS Planning, Inc
"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 32 quarters, returned +2.6% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 53.1% of quarters (excess t = 1.59, 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 561 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| VEA | $112M | | HOLD |
| IVV | $100M | | ADD |
| AGG | $84M | | ADD |
| VO | $67M | | ADD |
| AVUV | $67M | | HOLD |
| VIG | $61M | | HOLD |
| VWO | $57M | | HOLD |
| BNDX | $49M | | ADD |
| IGSB | $40M | | ADD |
| REET | $40M | | ADD |
| AAPL | $34M | | ADD |
| BSV | $34M | | ADD |
| NVDA | $31M | | ADD |
| ABBV | $24M | | HOLD |
| VBR | $22M | | HOLD |
| MSFT | $20M | | ADD |
| IEFA | $17M | | HOLD |
| BND | $17M | | ADD |
| IJH | $16M | | HOLD |
| MUB | $15M | | ADD |
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.