Joule Financial, LLC
SEC Form 13F institutional filer · CIK 0001929070
13F-HR · 65 reported holdings · 2026-03-31
Reported long-US-equity value
$0.15B
Top-10 concentration
82.3%
Joule Financial, LLC — $148M AUM allocation strategy
Joule Financial, LLC files SEC Form 13F and reports $148M of long US equity value across 65 reported holdings for 2026-03-31.
Its largest sector bet is Financials 70.9%, followed by Information Technology 4.9% and Communication Services 2.4%.
The top 10 holdings account for 82% 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.
Joule Financial, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$148M
total across 65 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
82% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$IVV +44.7K sh · +$2.28M+$AAPL +2.83K sh · +$625K+$MDLZ +718 sh · +$58K
Biggest trims (shares)
−$SCHW −97.3K sh · +$339K−$XLE −17.8K sh · −$164K−$BKR −5.58K sh · −$86K
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 & Brokerage41.6%—
- Asset Management & Custody Banks28.6%—
- Communications Equipment2.5%—
- Interactive Media & Services2.4%—
- Technology Hardware, Storage & Peripherals1.4%—
- Construction Machinery & Heavy Transportation Equipment1.3%—
- Integrated Oil & Gas1.3%—
- Automobile Manufacturers1.1%—
- Other holdings19.8%—
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
8 of 8 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $SCHW | Charles Schwab Corporation | 2.08M | $61.4M | -97.3K | 41.6% |
| $IVZ | Invesco Ltd | 232K | $42.2M | -1.24K | 28.6% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 12.2K | $3.5M | -390 | 2.4% |
| $AAPL | Apple Inc | 8.07K | $2.05M | +2.83K | 1.4% |
| $CSCO | Cisco Systems Inc | 25.5K | $1.98M | +653 | 1.3% |
| $CIEN | Ciena Corporation | 4.43K | $1.72M | -4.92K | 1.2% |
| $TSLA | Tesla Inc | 4.21K | $1.57M | -90 | 1.1% |
| $XOM | ExxonMobil Holdings Corporation | 6.68K | $1.13M | +199 | 0.8% |
…and 57 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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