13F
中
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WNY Asset Management, LLC

13F equity value
$967M
Positions
249
Top 10 concentration
51.2%
Quarters / total new picks
19 / 119
13F equity value over time
$0M$519M$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 19 quarters, returned +4.9% per quarter — versus +1.7% per quarter from simply owning every 13F stock. It beat that baseline in only 68.4% of quarters (excess t = 1.57, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+4.7%
t-stat
1.57
Quarterly win rate
68%
Annualized excess
+12.8%
$1 → follow vs universe
$2.24 vs $1.30
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 1.298 20210331: follow 1.04720210630: follow 1.20320210930: follow 1.08820211231: follow 0.85120220331: follow 0.87520220630: follow 0.88720220930: follow 0.98820221231: follow 0.91920230331: follow 0.97020230630: follow 1.05820230930: follow 1.27420231231: follow 1.31120240331: follow 1.39620240630: follow 1.78820240930: follow 1.74720241231: follow 1.83320250331: follow 2.11120250630: follow 2.05120250930: follow 2.238 0.76 1.59 2.42 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 249 · 2026 Q1

Ticker Value Weight QoQ
CGCP $94M
9.7%
NEW
CGGR $73M
7.5%
NEW
CGDV $68M
7.0%
NEW
DFAC $62M
6.4%
NEW
DFAI $56M
5.8%
NEW
JAVA $33M
3.4%
NEW
JEMA $30M
3.1%
NEW
VPLS $28M
2.9%
NEW
GLD $28M
2.9%
NEW
CGGO $24M
2.5%
NEW
VOO $22M
2.2%
NEW
HECA $21M
2.1%
NEW
XLU $19M
2.0%
NEW
GPIX $19M
2.0%
NEW
AAPL $17M
1.7%
NEW
PAAA $17M
1.7%
NEW
BBIN $15M
1.6%
NEW
FLOT $11M
1.2%
NEW
FBND $9M
1.0%
NEW
QQQ $9M
1.0%
NEW

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.