Hernani LP

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

Reported portfolio value by quarter (16 quarters reported)

$458M $7.65M

Q4 21 Q4 22 Q4 23 Q4 24 Q3 25

$439M in Q4 2021 → $7.7M now. Hover for any quarter.

Holdings

As reported for the quarter ended September 30, 2025. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
SA Simplify Asset Management Inc.	64.2%	Unchanged	98,212	$4.94M
VB Vanguard Bd Index Fds	35.8%	Unchanged	37,105	$2.76M

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

quarter ended September 30, 2025 · filed November 14, 2025

No position changes this quarter.

quarter ended June 30, 2025 · filed August 14, 2025

No position changes this quarter.

quarter ended March 31, 2025 · filed May 15, 2025

Company	Action	Shares changed	Value of change	% of portfolio
VB Vanguard Bd Index Fds	Trimmed	−66,685	−$4.9M	35.6%

quarter ended December 31, 2024 · filed February 14, 2025

No position changes this quarter.

quarter ended September 30, 2024 · filed November 14, 2024

Company	Action	Shares changed	Value of change	% of portfolio
SA Simplify Asset Management Inc.	New	+98,212	+$5.06M	39.3%
VB Vanguard Bd Index Fds	Trimmed	−21,685	−$1.63M	60.7%

quarter ended June 30, 2024 · filed August 14, 2024

Company	Action	Shares changed	Value of change	% of portfolio
VB Vanguard Bd Index Fds	Trimmed	−51,705	−$3.73M	100.0%

quarter ended March 31, 2024 · filed May 15, 2024

Company	Action	Shares changed	Value of change	% of portfolio
VB Vanguard Bd Index Fds	Trimmed	−9,200	−$668K	100.0%

quarter ended December 31, 2023 · filed February 14, 2024

Company	Action	Shares changed	Value of change	% of portfolio
VI Vanguard Index Fds	Exited	−67,111	−$9.26M	—
VB Vanguard Bd Index Fds	Trimmed	−4,570	−$336K	100.0%

Comments