Note Advisors, LLC
Sector Allocation
- Other93.3%$215.1M
- Technology2.9%$6.7M
- Financials2.1%$5.0M
- Consumer Discretionary0.9%$2.0M
- Industrials0.3%$790,510
- Consumer Staples0.2%$444,127
- Healthcare0.1%$338,999
- Energy0.1%$255,973
AUM History
13fpro.ai/research/fund/note-advisors-llc-2056243
Conviction and streaks
Concentrating · top 10 = 65.2%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
- DIMENSIONAL$54.8M
- DIMENSIONAL$24.4M
- DIMENSIONAL$19.1M
- DIMENSIONAL$11.2M
- VANGUARD$9.2M
- DIMENSIONAL$7.6M
- VANGUARD$7.2M
- VANGUARD$5.9M
- ISHARES$5.4M
- VANGUARD$5.3M
- FIRST$4.2M
- ISHARES$4.2M
- DIMENSIONAL$3.7M
- VANGUARD$3.5M
- VANGUARD$3.2M
- SPDR$3.1M
- DIMENSIONAL$3.0M
- DIMENSIONAL$3.0M
- GLOBAL$2.8M
- DIMENSIONAL$2.7M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/note-advisors-llc-2056243
Note Advisors, LLC 13F holdings — Q2 2026
$230.6M portfolio (+15.2% QoQ) · 86 holdings · Q2 2026 13F · top 10 are 65% of the stock portfolio
- 1
DIMENSIONAL ETF TRUST - US CORE EQT MKT
$54.8M
23.8% of stocks
+13%This quarter—Since filed—HeldAIQuality—Est. buy— - 2
DIMENSIONAL ETF TRUST - CORE FIXE IN ETF
$24.4M
10.6% of stocks
+22%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
DIMENSIONAL ETF TRUST - INTL CORE EQT MK
$19.1M
8.3% of stocks
+13%This quarter—Since filed—HeldAIQuality—Est. buy— - 4
DIMENSIONAL ETF TRUST - US COR EQU 2 ETF
$11.2M
4.9% of stocks
+1%This quarter—Since filed—HeldAIQuality—Est. buy— - 5
VANGUARD BD INDEX FDS - TOTAL BND MRKT
$9.2M
4.0% of stocks
+7%This quarter—Since filed—HeldAIQuality—Est. buy— - 6
DIMENSIONAL ETF TRUST - EMGR CRE EQT MNG
$7.6M
3.3% of stocks
+2%This quarter—Since filed—HeldAIQuality—Est. buy— - 7
VANGUARD SCOTTSDALE FDS - VNG RUS1000IDX
$7.2M
3.1% of stocks
-3%This quarter—Since filed—HeldAIQuality—Est. buy— - 8
VANGUARD INDEX FDS - REAL ESTATE ETF
$5.9M
2.6% of stocks
+0.6%This quarter—Since filed—HeldAIQuality—Est. buy— - 9
ISHARES TR - NEW YORK MUN ETF
$5.4M
2.4% of stocks
+4%This quarter—Since filed—HeldAIQuality—Est. buy— - 10
VANGUARD WHITEHALL FDS - INTL HIGH ETF
$5.3M
2.3% of stocks
+4%This quarter—Since filed—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | DIMENSIONAL ETF TRUST - US CORE EQT MKT | $54.8M | 23.8% | +13% | — | — | — | — | |
| 2 | DIMENSIONAL ETF TRUST - CORE FIXE IN ETF | $24.4M | 10.6% | +22% | — | — | — | — | |
| 3 | DIMENSIONAL ETF TRUST - INTL CORE EQT MK | $19.1M | 8.3% | +13% | — | — | — | — | |
| 4 | DIMENSIONAL ETF TRUST - US COR EQU 2 ETF | $11.2M | 4.9% | +1% | — | — | — | — | |
| 5 | VANGUARD BD INDEX FDS - TOTAL BND MRKT | $9.2M | 4.0% | +7% | — | — | — | — | |
| 6 | DIMENSIONAL ETF TRUST - EMGR CRE EQT MNG | $7.6M | 3.3% | +2% | — | — | — | — | |
| 7 | VANGUARD SCOTTSDALE FDS - VNG RUS1000IDX | $7.2M | 3.1% | -3% | — | — | — | — | |
| 8 | VANGUARD INDEX FDS - REAL ESTATE ETF | $5.9M | 2.6% | +0.6% | — | — | — | — | |
| 9 | ISHARES TR - NEW YORK MUN ETF | $5.4M | 2.4% | +4% | — | — | — | — | |
| 10 | VANGUARD WHITEHALL FDS - INTL HIGH ETF | $5.3M | 2.3% | +4% | — | — | — | — |
All holdings — Note Advisors, LLC (Q2 2026)
86 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | — | FIRST TR EXCH TRADED FD III - PFD SECS INC ETFpreferred | — | $4.2M | 1.8% | 236K | +10% | — | — | 13F |
| 12 | — | ISHARES TR - IBOXX INV CP ETFetf/fund | — | $4.2M | 1.8% | 38K | +9% | — | — | 13F |
| 13 | — | DIMENSIONAL ETF TRUST - INTL COR FIX ETFetf/fund | — | $3.7M | 1.6% | 69K | +12% | — | — | 13F |
| 14 | — | VANGUARD CHARLOTTE FDS - TOTAL INT BD ETFetf/fund | — | $3.5M | 1.5% | 73K | -1% | — | — | 13F |
| 15 | — | VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKTetf/fund | — | $3.2M | 1.4% | 45K | +0.9% | — | — | 13F |
| 16 | — | SPDR SERIES TRUST - ST STR TIPS ETFetf/fund | — | $3.1M | 1.4% | 121K | +5% | — | — | 13F |
| 17 | — | DIMENSIONAL ETF TRUST - US REAL ESTA ETFetf/fund | — | $3.0M | 1.3% | 114K | +19% | — | — | 13F |
| 18 | — | DIMENSIONAL ETF TRUST - NATL MUN BD ETFetf/fund | — | $3.0M | 1.3% | 62K | +7% | — | — | 13F |
| 19 | — | GLOBAL X FDS - NASDAQ 100 COVER | — | $2.8M | 1.2% | 153K | +2% | — | — | 13F |
| 20 | — | DIMENSIONAL ETF TRUST - US COR EQU 1 ETFetf/fund | — | $2.7M | 1.2% | 33K | +10% | — | — | 13F |
| 21 | — | ISHARES U S ETF TR - GSCI CMDTY STGYetf/fund | — | $2.4M | 1.1% | 80K | +8% | — | — | 13F |
| 22 | — | SCHWAB STRATEGIC TR - US DIVIDEND EQ | — | $2.4M | 1.1% | 76K | +3% | — | — | 13F |
| 23 | — | J P MORGAN EXCHANGE TRADED F - EQUITY PREMIUM | — | $2.3M | 1.0% | 42K | +6% | — | — | 13F |
| 24 | — | VANGUARD SPECIALIZED FUNDS - DIV APP ETFetf/fund | — | $2.3M | 1.0% | 9,769 | +3% | — | — | 13F |
| 25 | Alphabet Inc. | Technology | $2.2M | 1.0% | 6,326 | -0.5% | 7+ qtrs | 77.7 | 13F | |
| 26 | — | VANGUARD MUN BD FDS - TAX EXEMPT BD | — | $1.9M | 0.8% | 38K | +8% | |||
| 27 | $IVZ | Invesco Ltd. | Financials | $1.9M | 0.8% | 81K | +11% | |||
| 28 | — | ISHARES INC - JP MRGN EM HI BD | — | $1.5M | 0.7% | 37K | New | |||
| 29 | — | ISHARES TR - CORE MSCI TOTAL | — | $1.3M | 0.6% | 14K | -0.0% | |||
| 30 | — | ISHARES TR - RUS 1000 ETF | — | $1.3M | 0.6% | 3,165 | -0.1% | |||
| 31 | — | DIMENSIONAL ETF TRUST - INTL CORE EQUITY | — | $1.2M | 0.5% | 32K | +0.1% | |||
| 32 | — | SPDR SERIES TRUST - ST PORT HIGH ETF | — | $1.2M | 0.5% | 51K | +6% | |||
| 33 | — | ISHARES TR - TIPS BD ETF | — | $1.2M | 0.5% | 11K | -6% | |||
| 34 | $AAPL | Apple Inc. | Technology | $1.1M | 0.5% | 3,791 | -2% | |||
| 35 | $MCD | MCDONALDS CORP | Consumer Discretionary | $1.1M | 0.5% | 4,027 | — | |||
| 36 | — | ISHARES TR - NATIONAL MUN ETF | — | $1.0M | 0.5% | 9,677 | -2% | |||
| 37 | — | ISHARES TR - CORE INTL AGGR | — | $978K | 0.4% | 19K | -3% | |||
| 38 | $GS | GOLDMAN SACHS GROUP INC | Financials | $917K | 0.4% | 20K | -11% | |||
| 39 | $NBTB | NBT BANCORP INC | Financials | $891K | 0.4% | 18K | +0.9% | |||
| 40 | $MSFT | MICROSOFT CORP | Technology | $793K | 0.3% | 2,125 | -14% | |||
| 41 | $UAL | United Airlines Holdings, Inc. | Industrials | $791K | 0.3% | 5,813 | -1% | |||
| 42 | — | VANGUARD SCOTTSDALE FDS - TOTAL CORP BND | — | $715K | 0.3% | 9,310 | — | |||
| 43 | — | VANGUARD INTL EQUITY INDEX F - FTSE EMR MKT ETF | — | $631K | 0.3% | 11K | -0.7% | |||
| 44 | $GOOGL | Alphabet Inc. | Technology | $585K | 0.3% | 1,637 | -5% | |||
| 45 | $AVGO | Broadcom Inc. | Technology | $565K | 0.3% | 1,497 | — | |||
| 46 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $513K | 0.2% | 696 | — | |||
| 47 | — | VANGUARD SCOTTSDALE FDS - VNG RUS2000VAL | — | $494K | 0.2% | 2,527 | +1% | |||
| 48 | — | VANGUARD STAR FDS - VG TL INTL STK F | — | $486K | 0.2% | 5,686 | — | |||
| 49 | — | VANGUARD INDEX FDS - VALUE ETF | — | $479K | 0.2% | 2,199 | -0.3% | |||
| 50 | — | BONDBLOXX ETF TRUST - BLOOMBERG SIX MN | — | $474K | 0.2% | 9,416 | -50% | |||
| 51 | — | GLOBAL X FDS - S&P 500 COVERED | — | $451K | 0.2% | 11K | -6% | |||
| 52 | — | VANGUARD INDEX FDS - MCAP VL IDXVIP | — | $447K | 0.2% | 2,263 | -0.5% | |||
| 53 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $427K | 0.2% | 853 | -0.7% | |||
| 54 | — | DIMENSIONAL ETF TRUST - INFLATION PROTE | — | $423K | 0.2% | 10K | — | |||
| 55 | $ADI | ANALOG DEVICES INC | Technology | $421K | 0.2% | 1,059 | -3% | |||
| 56 | $SNPS | SYNOPSYS INC | Technology | $419K | 0.2% | 6,238 | -41% | |||
| 57 | — | SCHWAB STRATEGIC TR - US AGGREGATE B | — | $416K | 0.2% | 18K | +2% | |||
| 58 | $AMZN | AMAZON COM INC | Consumer Discretionary | $396K | 0.2% | 1,660 | -15% | |||
| 59 | — | SCHWAB STRATEGIC TR - INT-TRM U.S TRES | — | $369K | 0.2% | 15K | — | |||
| 60 | $MTB | M&T BANK CORP | Financials | $366K | 0.2% | 1,539 | -1% | |||
| 61 | — | ISHARES TR - CORE US AGGBD ET | — | $366K | 0.2% | 3,695 | +1.0% | |||
| 62 | — | ISHARES TR - 0-3 MTH TREASURY | — | $366K | 0.2% | 3,632 | — | |||
| 63 | $NOTV | Inotiv, Inc. | Healthcare | $339K | 0.1% | 18K | -15% | |||
| 64 | $META | Meta Platforms, Inc. | Technology | $329K | 0.1% | 584 | +7% | |||
| 65 | — | ISHARES TR - MSCI EMG MKT ETF | — | $325K | 0.1% | 4,745 | — | |||
| 66 | — | ISHARES TR - ESG AWR MSCI USA | — | $323K | 0.1% | 1,974 | — | |||
| 67 | — | SSGA ACTIVE TR - ST STR MARKE ETF | — | $306K | 0.1% | 7,154 | -78% | |||
| 68 | — | ABRDN ETFS - BBRG ALL COMMDY | — | $305K | 0.1% | 8,944 | +28% | |||
| 69 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $287K | 0.1% | 814 | -15% | |||
| 70 | — | ISHARES TR - CORE DIV GRWTH | — | $277K | 0.1% | 3,657 | -0.8% | |||
| 71 | — | SPDR SERIES TRUST - ST STR P500VAL | — | $273K | 0.1% | 4,484 | — | |||
| 72 | $JPM | JPMORGAN CHASE & CO | Financials | $263K | 0.1% | 803 | -3% | |||
| 73 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $256K | 0.1% | 1,872 | — | |||
| 74 | — | ISHARES TR - CORE HIGH DV ETF | — | $254K | 0.1% | 9,271 | +389% | |||
| 75 | $C | CITIGROUP INC | Financials | $243K | 0.1% | 1,735 | -7% | |||
| 76 | $WMT | Walmart Inc. | Consumer Staples | $243K | 0.1% | 2,142 | — | |||
| 77 | — | VANGUARD INDEX FDS - TOTAL STK MKT | — | $241K | 0.1% | 652 | -63% | |||
| 78 | $TSLA | Tesla, Inc. | Consumer Discretionary | $232K | 0.1% | 552 | — | |||
| 79 | — | SPDR SERIES TRUST - ST STR SP400VAL | — | $228K | 0.1% | 2,403 | — | |||
| 80 | — | ISHARES TR - EAFE SML CP ETF | — | $227K | 0.1% | 2,764 | -0.2% | |||
| 81 | — | MORGAN STANLEY ETF TRUST - EATO VA DURA ETF | — | $222K | 0.1% | 4,364 | — | |||
| 82 | — | SPDR SERIES TRUST - ST STR P500ETF | — | $221K | 0.1% | 2,519 | New | |||
| 83 | $NVDA | NVIDIA CORP | Technology | $212K | 0.1% | 1,060 | -26% | |||
| 84 | — | ISHARES TR - SELECT US REIT | — | $208K | 0.1% | 3,079 | -16% | |||
| 85 | — | SCHWAB STRATEGIC TR - US LRG CAP ETF | — | $203K | 0.1% | 6,887 | New | |||
| 86 | $COR | Cencora, Inc. | Consumer Staples | $201K | 0.1% | 712 | -3% |
What changed in Q2 2026
Against the previous quarter's 13F: 3 new, 33 added to, 34 trimmed, 2 sold out. Share-count changes; largest moves by dollar size first.
New positions (3)
- ISHARES INC - JP MRGN EM HI BD$1.5M
first bought this quarter
- SPDR SERIES TRUST - ST STR P500ETF$221K
first bought this quarter
- SCHWAB STRATEGIC TR - US LRG CAP ETF$203K
first bought this quarter
Added to (33)
- DIMENSIONAL ETF TRUST - US CORE EQT MKT+13%
now $54.8M
- DIMENSIONAL ETF TRUST - CORE FIXE IN ETF+22%
now $24.4M
- DIMENSIONAL ETF TRUST - INTL CORE EQT MK+13%
now $19.1M
- VANGUARD BD INDEX FDS - TOTAL BND MRKT+7%
now $9.2M
- DIMENSIONAL ETF TRUST - US REAL ESTA ETF+19%
now $3.0M
- DIMENSIONAL ETF TRUST - INTL COR FIX ETF+12%
now $3.7M
+27 more in the Excel export
Trimmed (34)
- SSGA ACTIVE TR - ST STR MARKE ETF-78%
now $306K
- BONDBLOXX ETF TRUST - BLOOMBERG SIX MN-50%
now $474K
- VANGUARD INDEX FDS - TOTAL STK MKT-63%
now $241K
$SNPSSYNOPSYS INC-41%
now $419K · held 7+ qtrs
- VANGUARD SCOTTSDALE FDS - VNG RUS1000IDX-3%
now $7.2M
$MSFTMICROSOFT CORP-14%
now $793K · held 7+ qtrs, 2 trims in a row
+28 more in the Excel export
Sold out (2)
$GLTRabrdn Precious Metals Basket ETF Trustwas $228K
held 2 qtrs
- VANECK ETF TRUSTwas $215K
Holdings by quarter
Every 13F Note Advisors, LLC has filed, 6 earlier quarters. Pick one to see what it held then.
Is it too late to follow Note Advisors?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Note Advisors's top 20 holdings: 72/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-6.9%
Value-weighted move of the 10 largest stock positions
Turnover
2%
Last quarter; 11% over the last 4
Top 10 weight
65%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
99%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Note Advisors, LLC disclosed 86 positions worth $230.6M in its Form 13F-HR for Q2 2026. During the quarter the fund opened 3 new positions and exited 2 and a full exit from $GLTR. The portfolio is most concentrated in Other (93.3% of disclosed assets). All figures are sourced directly from Note Advisors, LLC’s Form 13F-HR filing with the SEC under CIK 2056243.
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