Salvus Wealth Management, LLC
SEC Form 13F institutional filer · CIK 0001809236
13F-HR · 91 reported holdings · 2026-03-31
Reported long-US-equity value
$0.12B
Top-10 concentration
42.4%
Salvus Wealth Management, LLC — $123M AUM allocation strategy
Salvus Wealth Management, LLC files SEC Form 13F and reports $123M of long US equity value across 91 reported holdings for 2026-03-31.
Its largest sector bet is Financials 24.8%, followed by Information Technology 18.3% and Consumer Discretionary 6.5%.
The top 10 holdings account for 42% of reported value — a broadly spread portfolio. 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.
Salvus Wealth Management, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$123M
total across 91 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
42% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$GS +37.7K sh · +$3.78M+$CSGP +10.4K sh · +$326K+$NOW +3.97K sh · +$217K
Biggest trims (shares)
−$IVV −11K sh · −$1.61M−$GLW −6.54K sh · +$23.1K−$ADI −5.96K sh · −$977K
Exited to nil (held last quarter, gone now)
$HSY ($554K last qtr)$GEHC ($490K last qtr)$CTVA ($477K last qtr)$ABT ($410K last qtr)$ADBE ($405K last qtr)
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)
- Investment Banking & Brokerage9.7%—
- Semiconductors7.0%—
- Multi-Sector Holdings6.5%—
- Interactive Media & Services4.9%—
- Technology Hardware, Storage & Peripherals4.2%—
- Property & Casualty Insurance3.9%—
- Hotels, Resorts & Cruise Lines3.2%—
- Pharmaceuticals3.1%—
- Other holdings57.5%—
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 |
|---|---|---|---|---|---|
| $BRK.B | Berkshire Hathaway Inc.-Class B | 16.8K | $8.05M | -19 | 6.5% |
| $SCHW | Charles Schwab Corporation | 71.7K | $6.74M | -1.36K | 5.5% |
| $GOOGL | Alphabet Inc | 21.2K | $6.08M | +2.02K | 4.9% |
| $GS | Goldman Sachs Group Inc | 52.4K | $5.25M | +37.7K | 4.3% |
| $AAPL | Apple Inc | 20.6K | $5.22M | -164 | 4.2% |
| $PGR | Progressive Corporation | 24.2K | $4.81M | -153 | 3.9% |
| $ADI | Analog Devices Inc | 13.6K | $4.32M | -5.96K | 3.5% |
| $NVDA | NVIDIA Corporation | 24.4K | $4.26M | +223 | 3.5% |
| $BKNG | Booking Holdings Inc | 939 | $3.95M | -1 | 3.2% |
| $AXP | American Express Company | 12K | $3.62M | -125 | 2.9% |
…and 81 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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