13F
中
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Wescott Financial Advisory Group, LLC

13F equity value
$1.1B
Positions
192
Top 10 concentration
54.0%
Quarters / total new picks
20 / 102
13F equity value over time
$0M$573M$1B2020202120222023202420252026

"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 20 quarters, returned +1.1% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 40.0% of quarters (excess t = -0.86, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-2.4%
t-stat
-0.86
Quarterly win rate
40%
Annualized excess
-3.1%
$1 → follow vs universe
$1.16 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 1.11820210630: follow 1.09820210930: follow 0.92020211231: follow 0.70720220331: follow 0.71520220630: follow 0.68320220930: follow 0.71420221231: follow 0.66520230331: follow 0.76620230630: follow 0.77620230930: follow 0.83120231231: follow 0.85920240331: follow 0.90720240630: follow 0.98520240930: follow 1.01320241231: follow 1.04620250331: follow 1.09420250630: follow 1.10620250930: follow 1.18420251231: follow 1.159 0.61 1.03 1.45 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 192 · 2026 Q1

Ticker Value Weight QoQ
VOO $167M
14.7%
HOLD
QQQ $87M
7.6%
ADD
VTES $73M
6.4%
ADD
IVV $49M
4.3%
ADD
IEFA $46M
4.0%
TRIM
IWP $43M
3.8%
HOLD
IEMG $42M
3.7%
HOLD
DFIS $40M
3.5%
TRIM
DFUV $37M
3.3%
HOLD
IWB $31M
2.7%
HOLD
BIV $30M
2.6%
ADD
DFLV $27M
2.4%
ADD
IWS $26M
2.3%
TRIM
VCSH $25M
2.2%
ADD
DFGR $24M
2.1%
TRIM
DFIV $21M
1.9%
TRIM
DFAE $16M
1.4%
HOLD
MRK $16M
1.4%
TRIM
AAPL $16M
1.4%
ADD
DFAS $13M
1.1%
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

BMYDGXETNHDLHXMUQQQMSGOVTVRT

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.