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Portfolio (Quarterly) Guide ↗

RATIONAL ADVISORS, INC.

· CIK 0001143565
13F Portfolio $976M AUM 229 positions Filed Feb 10, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 12 New 106 Added 55 Reduced 21 Exited
Page 1 of 6  ·  106 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 XLU SELECT SECTOR SPDR TR 967,683.0 $41.3M 4.23% +427K +78.9% $42.69 +6.2%
2 VOO VANGUARD INDEX FDS 33,388.0 $20.9M 2.14% +288.0 +0.9% $627.13 +9.3%
3 IEFA ISHARES TR 177,332.0 $15.9M 1.62% +37K +26.5% $89.46 +8.7%
4 GLOBAL PMTS INC 10,637,000.0 $9.5M 0.98% +1.2M +12.5% $0.90
5 NEXTERA ENERGY INC 190,800.0 $9.3M 0.95% +116K +156.4% $48.75
6 AMERICAN WTR CAP CORP 8,110,000.0 $8.1M 0.83% +1.6M +24.6% $1.00
7 ARES MANAGEMENT CORPORATION 158,000.0 $8.0M 0.82% +116K +275.3% $50.40
8 PPL CAP FDG INC 7,190,000.0 $7.9M 0.81% +910K +14.5% $1.10
9 MERITAGE HOMES CORP 7,542,000.0 $7.4M 0.76% +520K +7.4% $0.98
10 SPY SPDR S&P 500 ETF TR Financial Services 10,760.0 $7.3M 0.75% +5K +91.9% $681.92 +9.3%
11 MICROCHIP TECHNOLOGY INC. 89,600.0 $5.2M 0.54% +20K +27.8% $58.28
12 CCL CARNIVAL CORP Consumer Cyclical 138,600.0 $4.2M 0.43% +35K +33.9% $30.54 -14.9%
13 NOW SERVICENOW INC Technology 25,839.0 $4.0M 0.41% +21K +442.4% $153.19 -33.3%
14 TDG TRANSDIGM GROUP INC Industrials 2,917.0 $3.9M 0.40% +3K +10000.0% $1329.85 -8.7%
15 ITT ITT INC Industrials 20,000.0 $3.5M 0.35% +2K +9.3% $173.51 +12.4%
16 LLY ELI LILLY & CO Healthcare 2,925.0 $3.1M 0.32% +2K +148.7% $1074.68 -0.9%
17 MELI MERCADOLIBRE INC Consumer Cyclical 1,525.0 $3.1M 0.32% +275.0 +22.0% $2014.26 -17.4%
18 SPOT SPOTIFY TECHNOLOGY S A Communication Services 5,275.0 $3.1M 0.31% +500.0 +10.5% $580.71 -10.5%
19 NFLX NETFLIX INC Communication Services 30,152.0 $2.8M 0.29% +26K +654.2% $93.76 -5.5%
20 BERKSHIRE HATHAWAY INC DEL 4,916.0 $2.5M 0.25% +3K +199.9% $502.65
Page 1 of 6  ·  106 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 24.4%
Financial Services 17.7%
Consumer Cyclical 15.1%
Communication Services 13.8%
Industrials 9.8%
Healthcare 7.6%
Consumer Defensive 4.8%
Real Estate 2.7%
Utilities 2.2%
Energy 1.9%