13F
中
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SAX WEALTH ADVISORS, LLC

13F equity value
$2.1B
Positions
482
Top 10 concentration
46.5%
Quarters / total new picks
20 / 259
13F equity value over time
$0M$1B$2B2020202120222023202420252026

"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.

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. Buying this fund's new positions the day each filing went public, over 20 quarters, returned +2.1% per quarter versus +1.8% from owning every 13F stock, beating that baseline in 40.0% of quarters (excess t = 2.34, statistically significant). Caveat: across all 5,072 funds we tested, past performance shows near-zero persistence (rank correlation −0.018) — with thousands of funds, some will look significant by chance alone.

Avg 2Q excess
+6.2%
t-stat
2.34
Quarterly win rate
40%
Annualized excess
+1.7%
$1 → follow vs universe
$1.45 vs $1.34
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210630: universe 1.09020210930: universe 0.97820211231: universe 0.83220220331: universe 0.89420220630: universe 0.82820220930: universe 0.88920221231: universe 0.82620230331: universe 0.87020230630: universe 0.83920230930: universe 0.95220231231: universe 0.99520240331: universe 1.01720240630: universe 1.11020240930: universe 1.10020241231: universe 1.02720250331: universe 1.11920250630: universe 1.15520250930: universe 1.29820251231: universe 1.343 20210331: follow 1.06720210630: follow 1.04320210930: follow 1.02020211231: follow 0.98720220331: follow 1.03120220630: follow 0.87920220930: follow 0.92420221231: follow 0.87820230331: follow 0.92220230630: follow 1.07520230930: follow 1.19720231231: follow 1.24920240331: follow 1.27020240630: follow 1.35920240930: follow 1.36820241231: follow 1.32320250331: follow 1.40120250630: follow 1.37220250930: follow 1.40220251231: follow 1.454 0.76 1.17 1.57 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 482 · 2026 Q1

Ticker Value Weight QoQ
DFUS $287M
13.9%
HOLD
FBND $184M
8.9%
HOLD
QQQM $112M
5.4%
HOLD
QUAL $91M
4.4%
HOLD
DFAC $81M
3.9%
HOLD
DFAT $45M
2.2%
HOLD
DFIV $45M
2.2%
HOLD
IJH $40M
1.9%
HOLD
DFAS $38M
1.8%
HOLD
DFUV $38M
1.8%
HOLD
DFAI $36M
1.8%
HOLD
SPHQ $34M
1.6%
HOLD
PVAL $31M
1.5%
HOLD
AAPL $29M
1.4%
TRIM
DUHP $27M
1.3%
HOLD
JIRE $24M
1.2%
HOLD
ITOT $20M
1.0%
HOLD
IVV $20M
1.0%
HOLD
SPY $20M
1.0%
HOLD
DFAU $20M
1.0%
HOLD

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

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.