Sepio Capital, LP

Salt Lake City, UT

$2.0bn in 346 US stocks at the end of 30 June 2026. The top 10 are 56.0% of the money. It changed about 6.9% of the portfolio this quarter.

Value

$2.0bn

Stocks

346

Top 10 share

56.0%

Turnover

6.9%

What changed this quarter

New

Bought for the first time this quarter.

IsharesEMXC
0.1% of the fund
Micron TechnologyMU
<0.1% of the fund
Space Exploration TechnologiesSPCX
<0.1% of the fund
MercadoLibreMELI
<0.1% of the fund
Robinhood MarketsHOOD
<0.1% of the fund
HealthequityHQY
<0.1% of the fund
Houlihan LokeyHLI
<0.1% of the fund
Ameris BancorpABCB
<0.1% of the fund
Honeywell InternationalHON
<0.1% of the fund
Honeywell AerospaceHONA
<0.1% of the fund
Ishares TREEM
<0.1% of the fund
Global X FDSAIQ
<0.1% of the fund
O'Reilly AutomotiveORLY
<0.1% of the fund
Ishares TRMTUM
<0.1% of the fund
Western DigitalWDC
<0.1% of the fund
Qnity ElectronicsQ
<0.1% of the fund
Devon EnergyDVN
<0.1% of the fund
SandiskSNDK
<0.1% of the fund
Performance Food GroupPFGC
<0.1% of the fund
Analog DevicesADI
<0.1% of the fund
Alpha & Omega SemiconductorAOSL
<0.1% of the fund
Elevance HealthELV
<0.1% of the fund
Rockwell AutomationROK
<0.1% of the fund
Carrier GlobalCARR
<0.1% of the fund
Match GroupMTCH
<0.1% of the fund

Added

Bought more of a stock they already held.

Vanguard Index FDSVOO
6.8% of the fund
+4%
Vanguard Tax-Managed FDSVEA
3.9% of the fund
+2%
Invesco Exchange Traded FD TRSP
1.6% of the fund
+10%
Pacer FDS TRICOW
1.4% of the fund
+8%
Ishares TRACWI
1.2% of the fund
+16%
Cambria ETF TREYLD
1.1% of the fund
+12%
Meta PlatformsMETA
1.0% of the fund
+8%
Ishares TRGVI
0.6% of the fund
+35%
Hartford FDS Exchange TradedHMOP
0.6% of the fund
+9%
CorningGLW
0.5% of the fund
+9%
BoeingBA
0.4% of the fund
+5%
Ishares TREFA
0.4% of the fund
+3%
Monster BeverageMNST
0.3% of the fund
+5%
Fidelity Wise Origin BitcoinFBTC
0.2% of the fund
+117%
CumminsCMI
0.2% of the fund
+6%
Dominion EnergyD
0.2% of the fund
+17%
Vertex PharmaceuticalsVRTX
0.2% of the fund
+4%
Everest GroupEG
0.2% of the fund
+12%
Vanguard Index FDSVO
0.2% of the fund
+2%
Vanguard Index FDSVTI
0.2% of the fund
+3%
Proshares TRTBF
0.2% of the fund
+6%
LennarLEN
0.2% of the fund
+20%
Regeneron PharmaceuticalsREGN
0.1% of the fund
+18%
Republic ServicesRSG
0.1% of the fund
+813%
SEI InvestmentsSEIC
0.1% of the fund
+2%

Cut

Sold some of their stake.

AbbVieABBV
1.6% of the fund
-5%
NvidiaNVDA
1.5% of the fund
-3%
Vanguard Index FDSVTV
1.4% of the fund
-30%
MicrosoftMSFT
1.1% of the fund
-7%
TeslaTSLA
1.1% of the fund
-5%
Invesco Exch Traded FD TR IIQQQM
1.0% of the fund
-10%
Amazon.comAMZN
1.0% of the fund
-22%
AppleAAPL
1.0% of the fund
-8%
AlphabetGOOG
0.8% of the fund
-24%
AlphabetGOOGL
0.8% of the fund
-29%
Invesco QQQ TRQQQ
0.8% of the fund
-5%
State STR Spdr S&P 500 ETF TSPY
0.8% of the fund
-27%
Vanguard Malvern FDSVTIP
0.5% of the fund
-4%
VisaV
0.5% of the fund
-9%
CloudflareNET
0.4% of the fund
-3%
NetflixNFLX
0.3% of the fund
-4%
OracleORCL
0.3% of the fund
-4%
Berkshire HathawayBRK-B
0.3% of the fund
-13%
Johnson & JohnsonJNJ
0.3% of the fund
-6%
ChevronCVX
0.3% of the fund
-11%
UnitedHealth GroupUNH
0.3% of the fund
-8%
Cisco SystemsCSCO
0.3% of the fund
-21%
Costco WholesaleCOST
0.3% of the fund
-11%
Texas InstrumentsTXN
0.2% of the fund
-19%
ShopifySHOP
0.2% of the fund
-7%

Sold out

Sold their entire stake.

Vaneck ETF TrustGDX
-100%
Ishares TRIWR
-100%
Vaneck ETF TrustGDXJ
-100%
Honeywell InternationalHON
-100%
Agnico Eagle MinesAEM
-100%
Amplify ETF TRSILJ
-100%
Schwab Strategic TRSCHD
-100%
Alamos GoldAGI
-100%
Lockheed MartinLMT
-100%
NewmontNEM
-100%
AmgenAMGN
-100%
Natixis ETF Trust IILSGR
-100%
PayPal HoldingsPYPL
-100%
Coeur MiningCDE
-100%
Southern CompanySO
-100%
Consolidated EdisonED
-100%
TargetTGT
-100%
PepsiCoPEP
-100%
Booz Allen Hamilton HoldingBAH
-100%
AflacAFL
-100%
AccentureACN
-100%
Digital Realty TrustDLR
-100%
Sprott Asset Management LPCEF
-100%
Quanta ServicesPWR
-100%
Ishares TRIBB
-100%

Holdings

EA Series TrustSMRI
Share
28.0%
Value
$556m
Shares
13,553,115
Held
EA Series TrustRNIN
Share
7.9%
Value
$157m
Shares
4,870,406
Held
Vanguard Index FDSVOO
Share
6.8%
Value
$136m
Shares
197,490
+4%
Vanguard Tax-Managed FDSVEA
Share
3.9%
Value
$77m
Shares
1,076,537
+2%
Vanguard Intl Equity Index FVWO
Share
1.9%
Value
$39m
Shares
649,410
Held
AbbVieABBV
Share
1.6%
Value
$33m
Shares
130,177
-5%
Invesco Exchange Traded FD TRSP
Share
1.6%
Value
$31m
Shares
147,612
+10%
NvidiaNVDA
Share
1.5%
Value
$30m
Shares
148,539
-3%
Pacer FDS TRICOW
Share
1.4%
Value
$28m
Shares
664,973
+8%
Vanguard Index FDSVTV
Share
1.4%
Value
$27m
Shares
125,736
-30%
Victory Portfolios IIVFLO
Share
1.3%
Value
$25m
Shares
545,660
Held
Ishares TRACWI
Share
1.2%
Value
$25m
Shares
156,594
+16%
MicrosoftMSFT
Share
1.1%
Value
$22m
Shares
59,287
-7%
Cambria ETF TREYLD
Share
1.1%
Value
$22m
Shares
486,941
+12%
TeslaTSLA
Share
1.1%
Value
$21m
Shares
50,466
-5%
Invesco Exch Traded FD TR IIQQQM
Share
1.0%
Value
$20m
Shares
67,099
-10%
Meta PlatformsMETA
Share
1.0%
Value
$20m
Shares
35,394
+8%
Amazon.comAMZN
Share
1.0%
Value
$20m
Shares
83,587
-22%
AppleAAPL
Share
1.0%
Value
$19m
Shares
67,146
-8%
Abbott LaboratoriesABT
Share
0.9%
Value
$18m
Shares
198,248
Held
AlphabetGOOG
Share
0.8%
Value
$16m
Shares
46,170
-24%
AlphabetGOOGL
Share
0.8%
Value
$16m
Shares
45,522
-29%
Invesco QQQ TRQQQ
Share
0.8%
Value
$16m
Shares
21,389
-5%
State STR Spdr S&P 500 ETF TSPY
Share
0.8%
Value
$16m
Shares
21,053
-27%
Ishares TRIVV
Share
0.8%
Value
$16m
Shares
20,923
Held
Select Sector Spdr TRXLK
Share
0.8%
Value
$15m
Shares
78,412
Held
Vanguard Index FDSVOE
Share
0.7%
Value
$13m
Shares
67,727
Held
Vanguard Index FDSVBR
Share
0.6%
Value
$13m
Shares
52,223
Held
Ishares TRGVI
Share
0.6%
Value
$12m
Shares
108,902
+35%
Hartford FDS Exchange TradedHMOP
Share
0.6%
Value
$11m
Shares
290,404
+9%
Ishares TRIWB
Share
0.6%
Value
$11m
Shares
26,737
Held
Vanguard Malvern FDSVTIP
Share
0.5%
Value
$10m
Shares
202,550
-4%
Ishares TRIWF
Share
0.5%
Value
$10m
Shares
77,965
Held
Victory Portfolios IIIFLO
Share
0.5%
Value
$10m
Shares
290,146
Held
VisaV
Share
0.5%
Value
$9m
Shares
27,662
-9%
CorningGLW
Share
0.5%
Value
$9m
Shares
35,774
+9%
Ishares TRIWD
Share
0.4%
Value
$8m
Shares
34,717
Held
Cambria Global ValueGVAL
Share
0.4%
Value
$8m
Shares
230,805
Held
BoeingBA
Share
0.4%
Value
$8m
Shares
36,461
+5%
Ishares TREFA
Share
0.4%
Value
$8m
Shares
74,988
+3%
Dimensional ETF TrustDISV
Share
0.4%
Value
$8m
Shares
191,566
Held
CloudflareNET
Share
0.4%
Value
$7m
Shares
29,156
-3%
CrowdStrike HoldingsCRWD
Share
0.3%
Value
$7m
Shares
8,947
Held
Spdr Gold TRGLD
Share
0.3%
Value
$7m
Shares
18,001
Held
NetflixNFLX
Share
0.3%
Value
$6m
Shares
90,667
-4%
Ishares Gold TRIAU
Share
0.3%
Value
$6m
Shares
77,908
Held
Monster BeverageMNST
Share
0.3%
Value
$6m
Shares
60,557
+5%
OracleORCL
Share
0.3%
Value
$6m
Shares
39,593
-4%
Berkshire HathawayBRK-B
Share
0.3%
Value
$5m
Shares
10,942
-13%
Johnson & JohnsonJNJ
Share
0.3%
Value
$5m
Shares
20,642
-6%
ChevronCVX
Share
0.3%
Value
$5m
Shares
31,135
-11%
UnitedHealth GroupUNH
Share
0.3%
Value
$5m
Shares
12,397
-8%
Cisco SystemsCSCO
Share
0.3%
Value
$5m
Shares
43,527
-21%
Costco WholesaleCOST
Share
0.3%
Value
$5m
Shares
5,396
-11%
Texas InstrumentsTXN
Share
0.2%
Value
$5m
Shares
16,586
-19%
Fidelity Wise Origin BitcoinFBTC
Share
0.2%
Value
$5m
Shares
95,806
+117%
CumminsCMI
Share
0.2%
Value
$5m
Shares
6,785
+6%
ShopifySHOP
Share
0.2%
Value
$5m
Shares
40,855
-7%
Norfolk SouthernNSC
Share
0.2%
Value
$5m
Shares
14,630
-2%
Dominion EnergyD
Share
0.2%
Value
$5m
Shares
67,109
+17%
Philip Morris InternationalPM
Share
0.2%
Value
$4m
Shares
23,892
Held
Vertex PharmaceuticalsVRTX
Share
0.2%
Value
$4m
Shares
8,623
+4%
StarbucksSBUX
Share
0.2%
Value
$4m
Shares
41,255
-12%
Select Sector Spdr TRXLV
Share
0.2%
Value
$4m
Shares
26,202
-4%
BlackRockBLK
Share
0.2%
Value
$4m
Shares
4,266
-23%
State STR Spdr S&P Midcap 40MDY
Share
0.2%
Value
$4m
Shares
5,810
Held
Meritage HomesMTH
Share
0.2%
Value
$4m
Shares
47,395
Held
MatsonMATX
Share
0.2%
Value
$4m
Shares
20,406
Held
Everest GroupEG
Share
0.2%
Value
$4m
Shares
10,906
+12%
Vanguard Index FDSVO
Share
0.2%
Value
$4m
Shares
47,916
+2%
Angel StudiosANGX
Share
0.2%
Value
$4m
Shares
959,485
-10%
Air Products & ChemicalsAPD
Share
0.2%
Value
$3m
Shares
11,922
-8%
BILL HoldingsBILL
Share
0.2%
Value
$3m
Shares
96,498
Held
RTXRTX
Share
0.2%
Value
$3m
Shares
17,779
Held
Charles SchwabSCHW
Share
0.2%
Value
$3m
Shares
36,204
-8%
Spdr Index SHS FDSEWX
Share
0.2%
Value
$3m
Shares
43,898
Held
ProgressivePGR
Share
0.2%
Value
$3m
Shares
14,837
Held
Vanguard Index FDSVTI
Share
0.2%
Value
$3m
Shares
8,681
+3%
Proshares TRTBF
Share
0.2%
Value
$3m
Shares
131,300
+6%
Walt DisneyDIS
Share
0.2%
Value
$3m
Shares
32,888
-10%
LennarLEN
Share
0.2%
Value
$3m
Shares
34,397
+20%
IsharesIEMG
Share
0.2%
Value
$3m
Shares
37,419
-10%
Upbound GroupUPBD
Share
0.2%
Value
$3m
Shares
144,609
Held
FastenalFAST
Share
0.1%
Value
$3m
Shares
61,083
Held
Regeneron PharmaceuticalsREGN
Share
0.1%
Value
$3m
Shares
4,417
+18%
IsharesEWO
Share
0.1%
Value
$3m
Shares
64,776
Held
MastercardMA
Share
0.1%
Value
$3m
Shares
5,330
-9%
Republic ServicesRSG
Share
0.1%
Value
$3m
Shares
12,825
+813%
Renaissancere HoldingsRNR
Share
0.1%
Value
$3m
Shares
8,370
Held
SEI InvestmentsSEIC
Share
0.1%
Value
$3m
Shares
30,232
+2%
Vanguard Scottsdale FDSVGSH
Share
0.1%
Value
$3m
Shares
45,210
+107%
Global X FDSGREK
Share
0.1%
Value
$3m
Shares
34,729
Held
Lowe's CompaniesLOW
Share
0.1%
Value
$3m
Shares
11,823
-6%
2023 ETF Series TrustEAGL
Share
0.1%
Value
$3m
Shares
78,643
Held
IsharesEMXC
Share
0.1%
Value
$3m
Shares
24,511
New
Altria GroupMO
Share
0.1%
Value
$2m
Shares
33,956
-4%
Ishares TRIJR
Share
0.1%
Value
$2m
Shares
16,443
-45%
Invesco Exch Traded FD TR IIPXH
Share
0.1%
Value
$2m
Shares
87,307
Held
SalesforceCRM
Share
0.1%
Value
$2m
Shares
15,432
-9%
AutodeskADSK
Share
0.1%
Value
$2m
Shares
12,318
-3%

Company	Share of fund	Value	Shares	Change
EA Series TrustSMRI	28.0%	$556m	13,553,115	Held
EA Series TrustRNIN	7.9%	$157m	4,870,406	Held
Vanguard Index FDSVOO	6.8%	$136m	197,490	+4%
Vanguard Tax-Managed FDSVEA	3.9%	$77m	1,076,537	+2%
Vanguard Intl Equity Index FVWO	1.9%	$39m	649,410	Held
AbbVieABBV	1.6%	$33m	130,177	-5%
Invesco Exchange Traded FD TRSP	1.6%	$31m	147,612	+10%
NvidiaNVDA	1.5%	$30m	148,539	-3%
Pacer FDS TRICOW	1.4%	$28m	664,973	+8%
Vanguard Index FDSVTV	1.4%	$27m	125,736	-30%
Victory Portfolios IIVFLO	1.3%	$25m	545,660	Held
Ishares TRACWI	1.2%	$25m	156,594	+16%
MicrosoftMSFT	1.1%	$22m	59,287	-7%
Cambria ETF TREYLD	1.1%	$22m	486,941	+12%
TeslaTSLA	1.1%	$21m	50,466	-5%
Invesco Exch Traded FD TR IIQQQM	1.0%	$20m	67,099	-10%
Meta PlatformsMETA	1.0%	$20m	35,394	+8%
Amazon.comAMZN	1.0%	$20m	83,587	-22%
AppleAAPL	1.0%	$19m	67,146	-8%
Abbott LaboratoriesABT	0.9%	$18m	198,248	Held
AlphabetGOOG	0.8%	$16m	46,170	-24%
AlphabetGOOGL	0.8%	$16m	45,522	-29%
Invesco QQQ TRQQQ	0.8%	$16m	21,389	-5%
State STR Spdr S&P 500 ETF TSPY	0.8%	$16m	21,053	-27%
Ishares TRIVV	0.8%	$16m	20,923	Held
Select Sector Spdr TRXLK	0.8%	$15m	78,412	Held
Vanguard Index FDSVOE	0.7%	$13m	67,727	Held
Vanguard Index FDSVBR	0.6%	$13m	52,223	Held
Ishares TRGVI	0.6%	$12m	108,902	+35%
Hartford FDS Exchange TradedHMOP	0.6%	$11m	290,404	+9%
Ishares TRIWB	0.6%	$11m	26,737	Held
Vanguard Malvern FDSVTIP	0.5%	$10m	202,550	-4%
Ishares TRIWF	0.5%	$10m	77,965	Held
Victory Portfolios IIIFLO	0.5%	$10m	290,146	Held
VisaV	0.5%	$9m	27,662	-9%
CorningGLW	0.5%	$9m	35,774	+9%
Ishares TRIWD	0.4%	$8m	34,717	Held
Cambria Global ValueGVAL	0.4%	$8m	230,805	Held
BoeingBA	0.4%	$8m	36,461	+5%
Ishares TREFA	0.4%	$8m	74,988	+3%
Dimensional ETF TrustDISV	0.4%	$8m	191,566	Held
CloudflareNET	0.4%	$7m	29,156	-3%
CrowdStrike HoldingsCRWD	0.3%	$7m	8,947	Held
Spdr Gold TRGLD	0.3%	$7m	18,001	Held
NetflixNFLX	0.3%	$6m	90,667	-4%
Ishares Gold TRIAU	0.3%	$6m	77,908	Held
Monster BeverageMNST	0.3%	$6m	60,557	+5%
OracleORCL	0.3%	$6m	39,593	-4%
Berkshire HathawayBRK-B	0.3%	$5m	10,942	-13%
Johnson & JohnsonJNJ	0.3%	$5m	20,642	-6%
ChevronCVX	0.3%	$5m	31,135	-11%
UnitedHealth GroupUNH	0.3%	$5m	12,397	-8%
Cisco SystemsCSCO	0.3%	$5m	43,527	-21%
Costco WholesaleCOST	0.3%	$5m	5,396	-11%
Texas InstrumentsTXN	0.2%	$5m	16,586	-19%
Fidelity Wise Origin BitcoinFBTC	0.2%	$5m	95,806	+117%
CumminsCMI	0.2%	$5m	6,785	+6%
ShopifySHOP	0.2%	$5m	40,855	-7%
Norfolk SouthernNSC	0.2%	$5m	14,630	-2%
Dominion EnergyD	0.2%	$5m	67,109	+17%
Philip Morris InternationalPM	0.2%	$4m	23,892	Held
Vertex PharmaceuticalsVRTX	0.2%	$4m	8,623	+4%
StarbucksSBUX	0.2%	$4m	41,255	-12%
Select Sector Spdr TRXLV	0.2%	$4m	26,202	-4%
BlackRockBLK	0.2%	$4m	4,266	-23%
State STR Spdr S&P Midcap 40MDY	0.2%	$4m	5,810	Held
Meritage HomesMTH	0.2%	$4m	47,395	Held
MatsonMATX	0.2%	$4m	20,406	Held
Everest GroupEG	0.2%	$4m	10,906	+12%
Vanguard Index FDSVO	0.2%	$4m	47,916	+2%
Angel StudiosANGX	0.2%	$4m	959,485	-10%
Air Products & ChemicalsAPD	0.2%	$3m	11,922	-8%
BILL HoldingsBILL	0.2%	$3m	96,498	Held
RTXRTX	0.2%	$3m	17,779	Held
Charles SchwabSCHW	0.2%	$3m	36,204	-8%
Spdr Index SHS FDSEWX	0.2%	$3m	43,898	Held
ProgressivePGR	0.2%	$3m	14,837	Held
Vanguard Index FDSVTI	0.2%	$3m	8,681	+3%
Proshares TRTBF	0.2%	$3m	131,300	+6%
Walt DisneyDIS	0.2%	$3m	32,888	-10%
LennarLEN	0.2%	$3m	34,397	+20%
IsharesIEMG	0.2%	$3m	37,419	-10%
Upbound GroupUPBD	0.2%	$3m	144,609	Held
FastenalFAST	0.1%	$3m	61,083	Held
Regeneron PharmaceuticalsREGN	0.1%	$3m	4,417	+18%
IsharesEWO	0.1%	$3m	64,776	Held
MastercardMA	0.1%	$3m	5,330	-9%
Republic ServicesRSG	0.1%	$3m	12,825	+813%
Renaissancere HoldingsRNR	0.1%	$3m	8,370	Held
SEI InvestmentsSEIC	0.1%	$3m	30,232	+2%
Vanguard Scottsdale FDSVGSH	0.1%	$3m	45,210	+107%
Global X FDSGREK	0.1%	$3m	34,729	Held
Lowe's CompaniesLOW	0.1%	$3m	11,823	-6%
2023 ETF Series TrustEAGL	0.1%	$3m	78,643	Held
IsharesEMXC	0.1%	$3m	24,511	New
Altria GroupMO	0.1%	$2m	33,956	-4%
Ishares TRIJR	0.1%	$2m	16,443	-45%
Invesco Exch Traded FD TR IIPXH	0.1%	$2m	87,307	Held
SalesforceCRM	0.1%	$2m	15,432	-9%
AutodeskADSK	0.1%	$2m	12,318	-3%

Showing the largest 100 of 346.

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 41.5% since 30 June 2025.

Where the money is

Technology7.9%

Health care4.2%

Financial services3.6%

Retail & consumer3.5%

Media & telecom3.3%

Industrials3.0%

Everyday goods1.2%

Utilities0.4%

Materials0.4%

Energy0.4%

Real estate0.1%

Other72.0%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.