PGIM Custom Harvest 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 15 quarters, returned +6.5% per quarter — versus +3.4% per quarter from simply owning every 13F stock. It beat that baseline in only 66.7% of quarters (excess t = 0.99, 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 276 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| IYW | $825M | | ADD |
| VGT | $574M | | HOLD |
| XLK | $514M | | ADD |
| VOX | $361M | | HOLD |
| VIS | $315M | | ADD |
| XLY | $265M | | TRIM |
| XLF | $247M | | TRIM |
| VHT | $241M | | TRIM |
| VFH | $196M | | ADD |
| XLI | $191M | | HOLD |
| XLC | $183M | | ADD |
| VCR | $142M | | ADD |
| XLV | $141M | | TRIM |
| IYF | $126M | | ADD |
| XLE | $112M | | ADD |
| IXN | $110M | | ADD |
| VDC | $105M | | ADD |
| IYE | $95M | | HOLD |
| IYC | $93M | | HOLD |
| XLP | $78M | | HOLD |
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.