RW Investment Management 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 11 quarters, returned +13.0% per quarter — versus +4.4% per quarter from simply owning every 13F stock. It beat that baseline in only 54.5% of quarters (excess t = 1.72, 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 113 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| DFIC | $150M | | NEW |
| VTI | $150M | | NEW |
| BSV | $105M | | NEW |
| VCSH | $101M | | NEW |
| AVUV | $101M | | NEW |
| DUHP | $95M | | NEW |
| DFEM | $68M | | NEW |
| DFCF | $52M | | NEW |
| DFAT | $48M | | NEW |
| DFUV | $28M | | NEW |
| DFNM | $8M | | NEW |
| VOO | $7M | | NEW |
| VB | $7M | | NEW |
| AAPL | $7M | | NEW |
| VTES | $5M | | NEW |
| COST | $5M | | NEW |
| ITOT | $5M | | NEW |
| MU | $5M | | NEW |
| MSFT | $4M | | NEW |
| VO | $4M | | NEW |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
None.
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.