Round Hill Asset Management
SEC Form 13F institutional filer · CIK 0001696438
13F-HR · 33 reported holdings · 2026-03-31
Reported long-US-equity value
$0.11B
Top-10 concentration
67.4%
Round Hill Asset Management — $114M AUM allocation strategy
Round Hill Asset Management files SEC Form 13F and reports $114M of long US equity value across 33 reported holdings for 2026-03-31.
Its largest sector bet is Health Care 38.8%, followed by Financials 24.8% and Communication Services 21.9%.
The top 10 holdings account for 67% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Round Hill Asset Management — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$114M
total across 33 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
67% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$KHC +44.4K sh · +$875K+$ZBH +20.3K sh · +$1.85M+$KVUE +17.6K sh · +$303K
Biggest trims (shares)
−$AMGN −3.1K sh · −$81.5K−$PFE −2.35K sh · +$720K−$COF −1.96K sh · −$610K
Added from nil (new positions)
None this quarter
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Pharmaceuticals17.5%—
- Financial Exchanges & Data17.0%—
- Biotechnology14.7%—
- Cable & Satellite8.9%—
- Movies & Entertainment6.9%—
- Health Care Equipment6.6%—
- Consumer Finance4.5%—
- Diversified Banks3.3%—
- Other holdings20.6%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $AMGN | Amgen Inc | 38K | $13.4M | -3.1K | 11.7% |
| $SPGI | S&P Global Inc | 24.7K | $10.5M | -165 | 9.2% |
| $MRK | Merck & Company Inc | 72K | $8.66M | -724 | 7.6% |
| $CMCSA | Comcast Corporation | 291K | $8.34M | +5.29K | 7.3% |
| $DIS | Walt Disney Company | 81.6K | $7.87M | -245 | 6.9% |
| $NDAQ | Nasdaq Inc | 87.7K | $7.45M | -645 | 6.5% |
| $PFE | Pfizer Inc | 245K | $6.88M | -2.35K | 6.0% |
| $SYF | Synchrony Financial | 74.7K | $5.08M | -1.05K | 4.5% |
| $BMY | Bristol-Myers Squibb Company | 72.4K | $4.39M | -752 | 3.9% |
| $MDT | Medtronic plc | 48.5K | $4.21M | -845 | 3.7% |
…and 23 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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