Super Investors / American Capital Advisory, LLC

American Capital Advisory, LLC

Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.

Portfolio value: $275M
Positions: 1164
Quarter ended: June 30, 2026
Filed: July 28, 2026

Reported portfolio value by quarter (11 quarters reported)

$275M $115M

Q4 23 Q3 24 Q2 25 Q1 26 Q2 26

$140M in Q4 2023 → $275M now. Hover for any quarter.

Holdings

As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
DE Dimensional ETF Trust	11.7%	Trimmed 0.1%	724,338	$32.1M
DE Dimensional ETF Trust	9.5%	Added 5.9%	511,900	$26M
DE Dimensional ETF Trust	8.9%	Added 11%	297,466	$24.4M
IA Invesco Actively Managed Exc	7.3%	Added 9.4%	429,003	$20.1M
DE Dimensional ETF Trust	5.3%	Added 16%	355,694	$14.7M
DE Dimensional ETF Trust	4.8%	Added 0.4%	354,625	$13.2M
DE Dimensional ETF Trust	3.5%	Trimmed 0.1%	188,177	$9.73M
DE Dimensional ETF Trust	2.4%	Added 13%	164,221	$6.6M
Apple Inc	2.2%	Trimmed 0.1%	21,329	$6.17M
DE Dimensional ETF Trust	1.9%	Added 5.7%	131,314	$5.34M
VI Vanguard Index Fds	1.8%	Added 521%	57,225	$4.93M
CS Cisco Sys Inc	1.2%	Trimmed 11%	28,123	$3.3M
SS State Str SPDR S&P 500 ETF T	1.1%	Trimmed 0.6%	4,211	$3.14M
Labcorp Holdings Inc	1.1%	Added 0.6%	11,001	$3.08M
PM Philip Morris Intl Inc	1.1%	Trimmed 4.3%	16,706	$3.02M
Amazon Com Inc	1.0%	Trimmed 7.6%	11,885	$2.83M
Mgm Resorts International	1.0%	Trimmed 0.1%	58,512	$2.8M
Alphabet Inc	1.0%	Trimmed 1.6%	7,719	$2.73M
SS State Str Corp	1.0%	Trimmed 18%	15,579	$2.64M
Nvidia Corporation	0.9%	Added 2.1%	12,453	$2.49M
IE Invesco Exchange Traded Fd T	0.9%	Trimmed 21%	11,573	$2.46M
Shell PLC	0.8%	Trimmed 0.1%	29,527	$2.29M
VI Vanguard Intl Equity Index F	0.8%	Trimmed 0.4%	27,071	$2.27M
BO Bank Of Amer Corp	0.8%	Trimmed 9.9%	36,934	$2.1M
SA Sprott Asset Management LP	0.7%	Trimmed 0.1%	103,538	$1.95M
Markel Group Inc	0.7%	Unchanged	922	$1.8M
Walmart Inc	0.6%	Added 0.0%	15,158	$1.72M
SS State Str SPDR S&P Midcap 40	0.6%	Trimmed 0.4%	2,275	$1.6M
Meta Platforms Inc	0.6%	Trimmed 0.9%	2,795	$1.57M
Uber Technologies Inc	0.6%	Added 0.1%	21,428	$1.55M
AD Arcos Dorados Hldgs Inc	0.5%	Trimmed 0.2%	185,375	$1.49M
VE Vaneck ETF Trust	0.5%	Trimmed 0.1%	18,912	$1.43M
PA Pan Amern Silver Corp	0.5%	Added 1.0%	31,073	$1.39M
Toast Inc	0.5%	Added 51%	49,241	$1.37M
SG SPDR Gold Tr	0.5%	Trimmed 3.3%	3,569	$1.31M
Microsoft Corp	0.5%	Added 23%	3,454	$1.29M
NG Northrop Grumman Corp	0.5%	Unchanged	2,443	$1.24M
IT Ishares Tr	0.4%	Trimmed 0.7%	27,645	$1.15M
IT Ishares Tr	0.4%	Unchanged	6,958	$1.14M
Oracle Corp	0.4%	Trimmed 0.0%	7,699	$1.13M
IT Ishares Tr	0.4%	Trimmed 0.1%	7,332	$1.09M
Rio Tinto PLC	0.4%	Added 0.7%	10,947	$1.04M
VE Vaneck ETF Trust	0.4%	New	82,000	$1.04M
SS Schwab Strategic Tr	0.4%	Added 29%	32,441	$1.03M
AR Ah Rlty Tr Inc	0.4%	Trimmed 0.0%	145,170	$1.03M
Core & Main Inc	0.4%	Added 95%	21,284	$1.03M
Netflix Inc.	0.4%	Trimmed 0.1%	13,981	$998K
WT Wisdomtree Tr	0.4%	Trimmed 0.9%	15,209	$984K
VW Vanguard World Fd	0.4%	Added 700%	8,216	$982K
Jpmorgan Chase & Co	0.4%	Trimmed 1.4%	2,995	$980K
Equinox Gold Corp	0.4%	Trimmed 0.0%	100,038	$972K
IE Invesco Exch Traded Fd Tr Ii	0.3%	Trimmed 1.2%	12,160	$911K
Ast Spacemobile Inc Call	0.3%	Unchanged	10,000	$889K
YC Yum China Hldgs Inc	0.3%	Unchanged	21,676	$886K
VI Vanguard Index Fds	0.3%	Trimmed 1.4%	2,330	$862K
DE Dimensional ETF Trust	0.3%	Added 0.6%	12,094	$845K
JP J P Morgan Exchange Traded F	0.3%	Added 0.6%	14,681	$829K
Merck & Co Inc	0.3%	Added 9.4%	6,146	$790K
Abbvie Inc	0.3%	Added 7.7%	3,087	$777K
Salesforce Inc	0.3%	Trimmed 3.1%	4,758	$745K

Showing top 60 of 1164 positions.

Timeline of changes

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.

Q2 2026

quarter ended June 30, 2026 · filed July 28, 2026

Company	Action	Shares changed	Value of change	% of portfolio
VI Vanguard Index Fds	Added	+48,012	+$4.14M	1.8%
DE Dimensional ETF Trust	Added	+30,143	+$2.47M	8.9%
DE Dimensional ETF Trust	Added	+49,585	+$2.05M	5.3%
IA Invesco Actively Managed Exc	Added	+36,953	+$1.73M	7.3%
DE Dimensional ETF Trust	Added	+28,383	+$1.44M	9.5%
VE Vaneck ETF Trust	New	+82,000	+$1.04M	0.4%
VW Vanguard World Fd	Added	+7,189	+$859K	0.4%
DE Dimensional ETF Trust	Added	+19,273	+$775K	2.4%
Global Business Travel Group	Exited	−122,645	−$684K	—
IE Invesco Exchange Traded Fd T	Trimmed	−3,063	−$652K	0.9%

Showing the 10 largest of 876 changes.

Q1 2026

quarter ended March 31, 2026 · filed April 29, 2026

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+133,078	+$6.75M	9.9%
IA Invesco Actively Managed Exc	Added	+121,863	+$5.71M	7.4%
DE Dimensional ETF Trust	Added	+32,061	+$2.27M	7.7%
DE Dimensional ETF Trust	Added	+41,019	+$1.46M	5.1%
DE Dimensional ETF Trust	Added	+35,024	+$1.19M	2.0%
Shell PLC	Added	+10,326	+$960K	1.1%
DE Dimensional ETF Trust	Added	+21,380	+$833K	4.8%
DE Dimensional ETF Trust	Added	+21,061	+$818K	11.4%
Alphabet Inc	Trimmed	−2,684	−$770K	0.9%
Becton Dickinson & Co	Added	+4,404	+$692K	0.3%

Showing the 10 largest of 886 changes.

Q4 2025

quarter ended December 31, 2025 · filed January 30, 2026

Company	Action	Shares changed	Value of change	% of portfolio
IA Invesco Actively Managed Exc	Added	+75,702	+$3.59M	5.6%
DE Dimensional ETF Trust	Added	+18,388	+$1.36M	7.6%
Netflix Inc	Added	+12,506	+$1.17M	0.6%
AH Armada Hoffler Pptys Inc	New	+145,952	+$966K	0.4%
DE Dimensional ETF Trust	Added	+27,598	+$913K	1.5%
SS SPDR S&P 500 ETF Tr	Added	+1,155	+$788K	1.3%
Ast Spacemobile Inc	New	+10,000	+$726K	0.3%
SA Sprott Asset Management LP	Trimmed	−29,401	−$695K	1.3%
Labcorp Holdings Inc	Trimmed	−2,692	−$675K	1.2%
DE Dimensional ETF Trust	Added	+17,497	+$667K	4.7%

Showing the 10 largest of 821 changes.

Q3 2025

quarter ended September 30, 2025 · filed October 28, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+20,240	+$1.03M	8.1%
DE Dimensional ETF Trust	Added	+18,769	+$724K	12.9%
Amazon Com Inc	Added	+3,152	+$692K	0.8%
Equinox Gold Corp	Added	+55,640	+$624K	0.3%
VE Vaneck ETF Trust	Trimmed	−6,806	−$520K	0.8%
PM Philip Morris Intl Inc	Trimmed	−2,783	−$451K	1.3%
DE Dimensional ETF Trust	Added	+6,146	+$445K	7.3%
IT Ishares Tr	Trimmed	−12,184	−$385K	0.3%
Caterpillar Inc	Added	+798	+$381K	0.2%
Ast Spacemobile Inc	Trimmed	−7,480	−$367K	0.3%

Showing the 10 largest of 710 changes.

Q2 2025

quarter ended June 30, 2025 · filed August 05, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+20,819	+$1.06M	8.2%
DE Dimensional ETF Trust	Added	+19,415	+$822K	4.2%
Rio Tinto PLC	New	+13,347	+$779K	0.4%
Mgm Resorts International	Trimmed	−19,838	−$682K	1.0%
Amazon Com Inc	Trimmed	−3,046	−$668K	0.5%
Etsy Inc	Trimmed	−11,124	−$567K	—
Arcos Dorados Holdings Inc	Added	+70,905	+$559K	1.2%
IE Invesco Exchange Traded Fd T	Added	+2,779	+$505K	1.3%
Markel Group Inc	Trimmed	−252	−$503K	1.0%
Alphabet Inc	Trimmed	−2,763	−$490K	1.0%

Showing the 10 largest of 815 changes.

Q1 2025

quarter ended March 31, 2025 · filed April 28, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+40,277	+$2.44M	7.0%
IA Invesco Actively Managed Exc	Added	+46,132	+$2.16M	4.7%
Unilever PLC	Trimmed	−22,484	−$1.34M	—
Mgm Resorts International	Added	+38,930	+$1.15M	1.3%
DE Dimensional ETF Trust	Added	+22,048	+$1.12M	8.3%
DE Dimensional ETF Trust	Added	+31,475	+$983K	4.6%
DE Dimensional ETF Trust	Added	+20,541	+$678K	12.5%
Uber Technologies Inc	New	+8,802	+$641K	0.3%
DE Dimensional ETF Trust	Added	+22,648	+$629K	4.5%
Markel Group Inc	Trimmed	−333	−$623K	1.2%

Showing the 10 largest of 685 changes.

Q4 2024

quarter ended December 31, 2024 · filed January 28, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+37,161	+$1.88M	7.8%
IA Invesco Actively Managed Exc	Added	+35,767	+$1.66M	3.6%
GL Great Lakes Dredge & Dock Co	New	+91,578	+$1.03M	0.6%
DE Dimensional ETF Trust	Added	+29,042	+$1M	13.1%
DE Dimensional ETF Trust	Added	+13,796	+$879K	6.2%
Mgm Resorts International	Trimmed	−19,260	−$667K	0.8%
Etsy Inc	Added	+12,049	+$637K	0.4%
DE Dimensional ETF Trust	Added	+24,560	+$635K	4.0%
Rogers Communications Inc	Added	+15,776	+$485K	0.3%
Neogen Corp	Added	+39,623	+$481K	0.4%

Showing the 10 largest of 245 changes.

Q3 2024

quarter ended September 30, 2024 · filed October 30, 2024

Company	Action	Shares changed	Value of change	% of portfolio
SS Schwab Strategic Tr	Trimmed	−273,371	−$13.4M	0.5%
DE Dimensional ETF Trust	New	+242,256	+$12.3M	7.1%
DE Dimensional ETF Trust	Added	+83,185	+$5.17M	5.8%
IA Invesco Actively Managed Exc	Added	+100,871	+$4.87M	2.9%
Labcorp Holdings Inc	New	+14,436	+$3.23M	1.9%
Meta Platforms Inc	Trimmed	−2,998	−$1.72M	1.4%
Mgm Resorts International	Trimmed	−39,600	−$1.55M	1.4%
Unilever PLC	Added	+22,391	+$1.45M	0.9%
VI Vanguard Index Fds	Added	+3,546	+$1.36M	1.6%
Nvidia Corporation	Added	+10,816	+$1.31M	0.9%

Showing the 10 largest of 340 changes.