13F
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Unison Advisors LLC

13F equity value
$1.3B
Positions
175
Top 10 concentration
69.2%
Quarters / total new picks
27 / 242
13F equity value over time
$0M$659M$1B2017201820192020202120222023202420252026

"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 27 quarters, returned +2.6% per quarter — versus +4.1% per quarter from simply owning every 13F stock. It beat that baseline in only 40.7% of quarters (excess t = 1.70, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+6.1%
t-stat
1.70
Quarterly win rate
41%
Annualized excess
-8.1%
$1 → follow vs universe
$1.63 vs $2.66
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820190930: universe 1.12720191231: universe 0.90920200331: universe 1.09620200630: universe 1.21120200930: universe 1.48520201231: universe 1.55320210630: universe 1.67720210930: universe 1.50520220331: universe 1.61620220630: universe 1.49720220930: universe 1.60820230630: universe 1.55020230930: universe 1.76020231231: universe 1.83920240331: universe 1.88020240630: universe 2.05120240930: universe 2.03320250331: universe 2.21720250630: universe 2.28620250930: universe 2.57120251231: universe 2.660 20180331: follow 0.97520180630: follow 0.93020180930: follow 0.89620181231: follow 0.88720190331: follow 0.76720190630: follow 0.68520190930: follow 0.63620191231: follow 0.41520200331: follow 0.50020200630: follow 0.57120200930: follow 0.68120201231: follow 0.77420210630: follow 0.80020210930: follow 0.78320220331: follow 0.80220220630: follow 0.88120220930: follow 1.03920230630: follow 1.03520230930: follow 1.14920231231: follow 1.23120240331: follow 1.24020240630: follow 1.34220240930: follow 1.26520250331: follow 1.31520250630: follow 1.27220250930: follow 1.56120251231: follow 1.634 0.38 1.63 2.87 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 175 · 2026 Q1

Ticker Value Weight QoQ
VTEI $237M
17.9%
ADD
VTV $157M
11.9%
ADD
AVUV $147M
11.1%
HOLD
QUAL $116M
8.8%
ADD
AVDV $83M
6.3%
HOLD
IQLT $40M
3.0%
ADD
FNDF $39M
2.9%
HOLD
FNDE $37M
2.8%
TRIM
DEHP $31M
2.3%
HOLD
DGS $27M
2.0%
HOLD
VCSH $22M
1.7%
ADD
VYM $18M
1.3%
HOLD
VTEB $16M
1.3%
HOLD
COF $14M
1.1%
HOLD
VGSH $14M
1.0%
ADD
VYMI $13M
1.0%
TRIM
META $9M
0.7%
HOLD
NUE $7M
0.6%
HOLD
SYF $7M
0.5%
HOLD
AMD $7M
0.5%
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.