Castellan Group

Portfolio Overview

Castellan Group disclosed 37 positions worth $725.7M in its Form 13F-HR for Q1 2026 — $722.6M in common stock plus $3.1M of put/call option positions (reported at underlying notional value, not premium at risk). During the quarter the fund opened 2 new positions and exited 24 — including a new stake in $ORCL and a full exit from $GOOG. The portfolio is most concentrated in Other (87.7% of disclosed assets). All figures are sourced directly from Castellan Group’s Form 13F-HR filing with the SEC under CIK 1832521.

• EA SERIES TRUST

  —

  Quality

  $441.4M6,499,741 sh

• EA SERIES TRUST

  —

  Quality

  $160.3M3,303,710 sh

• EA SERIES TRUST

  —

  Quality

  $20.6M177,481 sh
• 

  Clearway Energy, Inc.

  $CWEN

  64.2

  Quality

  $5.6M142,230 sh
• 

  NEXTERA ENERGY INC

  $NEE

  71.7

  Quality

  $5.0M54,095 sh
• 

  abrdn Precious Metals Basket ETF Trust

  $GLTR

  —

  Quality

  $5.0M22,882 sh
• 

  PORTLAND GENERAL ELECTRIC CO /OR/

  $POR

  59.2

  Quality

  $5.0M94,433 sh

• SELECT SECTOR SPDR TR

  —

  Quality

  $4.9M79,591 sh
• 

  NEW JERSEY RESOURCES CORP

  $NJR

  79.3

  Quality

  $4.9M88,321 sh
• 

  CareTrust REIT, Inc.

  $CTRE

  73.4

  Quality

  $4.8M130,179 sh

Company	Quality	Value	Shares
EA SERIES TRUST	—	$441.4M	6,499,741
EA SERIES TRUST	—	$160.3M	3,303,710
EA SERIES TRUST	—	$20.6M	177,481
Clearway Energy, Inc.$CWEN	64.2	$5.6M	142,230
NEXTERA ENERGY INC$NEE	71.7	$5.0M	54,095
abrdn Precious Metals Basket ETF Trust$GLTR	—	$5.0M	22,882
PORTLAND GENERAL ELECTRIC CO /OR/$POR	59.2	$5.0M	94,433
SELECT SECTOR SPDR TR	—	$4.9M	79,591
NEW JERSEY RESOURCES CORP$NJR	79.3	$4.9M	88,321
CareTrust REIT, Inc.$CTRE	73.4	$4.8M	130,179

Showing top 10 of 37 holdings.

Full Holdings — Castellan Group (Q1 2026)

All 37 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	EA SERIES TRUST	$441.4M	61.1%	+1%	—
2	—	EA SERIES TRUST	$160.3M	22.2%	+12%	—
3	—	EA SERIES TRUST	$20.6M	2.9%	+85%	—
4	$CWEN	Clearway Energy, Inc.	$5.6M	0.8%	+9%	64.2
5	$NEE	NEXTERA ENERGY INC	$5.0M	0.7%	+4%	71.7
6	$GLTR	abrdn Precious Metals Basket ETF Trust	$5.0M	0.7%	-40%	—
7	$POR	PORTLAND GENERAL ELECTRIC CO /OR/	$5.0M	0.7%	+10%	59.2
8	—	SELECT SECTOR SPDR TR	$4.9M	0.7%	-45%	—
9	$NJR	NEW JERSEY RESOURCES CORP	$4.9M	0.7%	+11%	79.3
10	$CTRE	CareTrust REIT, Inc.	$4.8M	0.7%	+9%	73.4
11	$ATO	ATMOS ENERGY CORP	$4.7M	0.7%	+8%	72
12	$FR	FIRST INDUSTRIAL REALTY TRUST INC	$4.6M	0.6%	+7%	67.5
13	$ES	EVERSOURCE ENERGY	$4.6M	0.6%	+10%	67
14	$DKL	Delek Logistics Partners, LP	$4.5M	0.6%	+8%	61.8
15	$WEC	WEC ENERGY GROUP, INC.	$4.5M	0.6%	+11%	67
16	$TRNO	Terreno Realty Corp	$4.5M	0.6%	+10%	75.4
17	$EGP	EASTGROUP PROPERTIES INC	$4.4M	0.6%	+10%	72.4
18	$MPLX	MPLX LP	$4.4M	0.6%	+8%	76.5
19	$GTY	GETTY REALTY CORP /MD/	$4.3M	0.6%	+9%	67.3
20	$HESM	Hess Midstream LP	$3.8M	0.5%	+10%	78.4
21	$XOM	EXXON MOBIL CORP	$2.5M	0.3%	-76%	61.8
22	—	PGIM ROCK ETF TR	$2.5M	0.3%	+0%	—
23	$CVX	CHEVRON CORP	$2.4M	0.3%	-45%	54.7
24	$SPY	SPDR S&P 500 ETF TRUST	$2.3M	0.3%	-67%	—
25	$MSFT	MICROSOFT CORP	$2.3M	0.3%	-64%	83.7
26	$RIO	RIO TINTO PLC	$2.0M	0.3%	+0%	—
27	$BHP	BHP Group Ltd	$2.0M	0.3%	+0%	—
28	—	INNOVATOR ETFS TRUST	$1.5M	0.2%	+0%	—
29	$SPYPUT	SPDR S&P 500 ETF TRUST	$1.5M	—	-8%	—
30	$ORCL	ORACLE CORP	$1.1M	0.1%	NEW	67.2
31	$SPYPUT	SPDR S&P 500 ETF TRUST	$877,148	—	+0%	—
32	$QQQPUT	INVESCO QQQ TRUST, SERIES 1	$694,116	—	NEW	—
33	$META	Meta Platforms, Inc.	$572,130	0.1%	-84%	80.9
34	$LRN	Stride, Inc.	$511,386	0.1%	-9%	71.1
35	$AMZN	AMAZON COM INC	$499,848	0.1%	-93%	74.6
36	$PGR	PROGRESSIVE CORP/OH/	$396,480	0.1%	+0%	83.6
37	$AAPL	Apple Inc.	$236,025	0.0%	-96%	76.1