Sjbenen Advisory

CHAPEL HILL, NCfiles as SJBENEN ADVISORY, LLC

$169m in 29 US stocks at the end of 30 June 2026. The top 10 are 86.9% of the money. It changed about 13.7% of the portfolio this quarter.

Value

$169m

Stocks

Top 10 share

86.9%

Turnover

13.7%

What changed this quarter

New

Bought for the first time this quarter.

Wells Fargo
0.4% of the fund
Spdr Gold TRGLD
0.3% of the fund
State STR Spdr DOW Jones INDDIA
0.2% of the fund
Cisco SystemsCSCO
0.1% of the fund
Vanguard Index FDSVBK
0.1% of the fund
Vanguard World FDVIS
0.1% of the fund

Added

Bought more of a stock they already held.

State STR Spdr S&P 500 ETF TSPY
38.0% of the fund
+37%
Ishares TRITOT
10.5% of the fund
+76%
Vanguard Index FDSVTI
10.4% of the fund
+94%
Ishares TRTLT
9.2% of the fund
+60%
Pimco ETF TRLTPZ
2.0% of the fund
+35%
Schwab Strategic TRSCHB
1.8% of the fund
+38%
Ishares TRIXUS
1.8% of the fund
+37%
Vanguard Intl Equity Index FVEU
1.4% of the fund
+17%
Vanguard Index FDSVOO
0.8% of the fund
+2%
Ishares TRIVV
0.6% of the fund
+12%
Vanguard Index FDSVNQ
0.2% of the fund
+39%

Cut

Sold some of their stake.

Coinbase GlobalCOIN
4.7% of the fund
-12%
Ishares Bitcoin Trust ETFIBIT
4.4% of the fund
-22%
Ishares TRSGOV
1.7% of the fund
-21%
Berkshire HathawayBRK-B
0.9% of the fund
-3%
Bank of Amer
0.2% of the fund
-4%

Sold out

Sold their entire stake.

None this quarter.

Holdings

State STR Spdr S&P 500 ETF TSPY
Share
38.0%
Value
$64m
Shares
86,012
+37%
Ishares TRITOT
Share
10.5%
Value
$18m
Shares
107,979
+76%
Vanguard Index FDSVTI
Share
10.4%
Value
$18m
Shares
47,687
+94%
Ishares TRTLT
Share
9.2%
Value
$15m
Shares
179,700
+60%
Coinbase GlobalCOIN
Share
4.7%
Value
$8m
Shares
50,300
-12%
Ishares Bitcoin Trust ETFIBIT
Share
4.4%
Value
$7m
Shares
222,000
-22%
AppleAAPL
Share
3.5%
Value
$6m
Shares
19,221
Held
Palantir TechnologiesPLTR
Share
2.3%
Value
$4m
Shares
29,426
Held
TeslaTSLA
Share
2.0%
Value
$3m
Shares
8,000
Held
Pimco ETF TRLTPZ
Share
2.0%
Value
$3m
Shares
66,474
+35%
JPMorgan ChaseJPM
Share
1.9%
Value
$3m
Shares
9,700
Held
Schwab Strategic TRSCHB
Share
1.8%
Value
$3m
Shares
105,153
+38%
Ishares TRIXUS
Share
1.8%
Value
$3m
Shares
31,690
+37%
Ishares TRSGOV
Share
1.7%
Value
$3m
Shares
27,935
-21%
Vanguard Intl Equity Index FVEU
Share
1.4%
Value
$2m
Shares
27,418
+17%
Berkshire HathawayBRK-B
Share
0.9%
Value
$2m
Shares
3,137
-3%
Vanguard Index FDSVOO
Share
0.8%
Value
$1m
Shares
1,940
+2%
Ishares TRIVV
Share
0.6%
Value
$974,691
Shares
1,302
+12%
Wells Fargo
Share
0.4%
Value
$618,605
Shares
532
New
Spdr Gold TRGLD
Share
0.3%
Value
$552,570
Shares
1,500
New
Charles SchwabSCHW
Share
0.3%
Value
$544,936
Shares
5,800
Held
Ishares TRIWM
Share
0.2%
Value
$420,630
Shares
1,400
Held
Bank of Amer
Share
0.2%
Value
$316,564
Shares
254
-4%
State STR Spdr DOW Jones INDDIA
Share
0.2%
Value
$309,765
Shares
590
New
Vanguard Index FDSVNQ
Share
0.2%
Value
$309,746
Shares
3,200
+39%
Cisco SystemsCSCO
Share
0.1%
Value
$250,960
Shares
2,231
New
Vanguard Index FDSVBK
Share
0.1%
Value
$232,047
Shares
650
New
Vanguard World FDVIS
Share
0.1%
Value
$228,884
Shares
646
New
NRX PharmaceuticalsNRXP
Share
<0.1%
Value
$57,750
Shares
15,000
Held

Company	Share of fund	Value	Shares	Change
State STR Spdr S&P 500 ETF TSPY	38.0%	$64m	86,012	+37%
Ishares TRITOT	10.5%	$18m	107,979	+76%
Vanguard Index FDSVTI	10.4%	$18m	47,687	+94%
Ishares TRTLT	9.2%	$15m	179,700	+60%
Coinbase GlobalCOIN	4.7%	$8m	50,300	-12%
Ishares Bitcoin Trust ETFIBIT	4.4%	$7m	222,000	-22%
AppleAAPL	3.5%	$6m	19,221	Held
Palantir TechnologiesPLTR	2.3%	$4m	29,426	Held
TeslaTSLA	2.0%	$3m	8,000	Held
Pimco ETF TRLTPZ	2.0%	$3m	66,474	+35%
JPMorgan ChaseJPM	1.9%	$3m	9,700	Held
Schwab Strategic TRSCHB	1.8%	$3m	105,153	+38%
Ishares TRIXUS	1.8%	$3m	31,690	+37%
Ishares TRSGOV	1.7%	$3m	27,935	-21%
Vanguard Intl Equity Index FVEU	1.4%	$2m	27,418	+17%
Berkshire HathawayBRK-B	0.9%	$2m	3,137	-3%
Vanguard Index FDSVOO	0.8%	$1m	1,940	+2%
Ishares TRIVV	0.6%	$974,691	1,302	+12%
Wells Fargo	0.4%	$618,605	532	New
Spdr Gold TRGLD	0.3%	$552,570	1,500	New
Charles SchwabSCHW	0.3%	$544,936	5,800	Held
Ishares TRIWM	0.2%	$420,630	1,400	Held
Bank of Amer	0.2%	$316,564	254	-4%
State STR Spdr DOW Jones INDDIA	0.2%	$309,765	590	New
Vanguard Index FDSVNQ	0.2%	$309,746	3,200	+39%
Cisco SystemsCSCO	0.1%	$250,960	2,231	New
Vanguard Index FDSVBK	0.1%	$232,047	650	New
Vanguard World FDVIS	0.1%	$228,884	646	New
NRX PharmaceuticalsNRXP	<0.1%	$57,750	15,000	Held

Options (5)

Ishares Bitcoin Trust ETFIBIT
Type
Put
Value
$3m
Contracts
79,200
Ishares TRTIP
Type
Put
Value
$2m
Contracts
15,400
Direxion Shares ETF TrustTMV
Type
Put
Value
$1m
Contracts
32,000
Ishares TRTLT
Type
Put
Value
$1m
Contracts
13,500
TeslaTSLA
Type
Put
Value
$1m
Contracts
2,500

Company	Type	Value	Contracts
Ishares Bitcoin Trust ETFIBIT	Put	$3m	79,200
Ishares TRTIP	Put	$2m	15,400
Direxion Shares ETF TrustTMV	Put	$1m	32,000
Ishares TRTLT	Put	$1m	13,500
TeslaTSLA	Put	$1m	2,500

Over time and by industry

Value over time

Dec '25

Jun '26

Value is up 74.0% since 31 December 2025.

Where the money is

Financial services7.9%

Technology5.9%

Retail & consumer2.0%

Health care0.0%

Other84.2%

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.