Wellspring Financial Advisors, LLC
SEC Form 13F institutional filer · CIK 0001811308
13F-HR · 157 reported holdings · 2026-03-31
Reported long-US-equity value
$1.05B
Top-10 concentration
78.6%
Wellspring Financial Advisors, LLC — $1.05B AUM allocation strategy
Wellspring Financial Advisors, LLC files SEC Form 13F and reports $1.05B of long US equity value across 157 reported holdings for 2026-03-31.
Its largest sector bet is Financials 18.4%, followed by Information Technology 7.9% and Communication Services 2.3%.
The top 10 holdings account for 79% 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.
Wellspring Financial Advisors, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$1.05B
total across 157 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
79% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$GS +87.2K sh · +$22.2M+$AAPL +76.9K sh · +$17.7M+$XLK +29.7K sh · +$2.38M
Biggest trims (shares)
−$MSFT −508K sh · −$1.92M−$SPY −17.2K sh · −$1.11M−$VOO −13.1K sh · −$1.07M
Exited to nil (held last quarter, gone now)
$BSX ($1.15M last qtr)$AON ($629K last qtr)$SHW ($568K last qtr)$EQIX ($280K last qtr)$PFG ($276K 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 & Brokerage10.2%—
- Asset Management & Custody Banks5.9%—
- Technology Hardware, Storage & Peripherals4.3%—
- Interactive Media & Services2.3%—
- Semiconductors2.2%—
- Financial Exchanges & Data1.8%—
- Systems Software1.3%—
- Broadline Retail1.3%—
- Other holdings70.8%—
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
4 of 4 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $GS | Goldman Sachs Group Inc | 2.08M | $108M | +87.2K | 10.2% |
| $BLK | BlackRock Inc | 375K | $61.5M | -8.28K | 5.8% |
| $AAPL | Apple Inc | 180K | $45.6M | +76.9K | 4.3% |
| $NVDA | NVIDIA Corporation | 106K | $18.5M | +18.8K | 1.8% |
…and 153 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
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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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