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Portfolio (Quarterly) Guide ↗

City State Bank

· CIK 0001910666
13F Portfolio $385M AUM 784 positions Filed Apr 20, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 34 New 149 Added 103 Reduced 17 Exited
Page 39 of 40  ·  784 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
761 MAR Marriott International, Inc. Ordinary Shares - Class A Consumer Cyclical 1.0 $327.0 $327.00 +17.3%
762 AROW Arrow Financial Corp. Ordinary Shares Financial Services 9.0 $302.0 $33.56 +20.3%
763 DHI D.R. Horton Inc. Ordinary Shares Consumer Cyclical 2.0 $274.0 $137.00 +21.5%
764 Brown-Forman Corp. Ordinary Shares - Class B 10.0 $264.0 $26.40
765 Annaly Capital Management Inc Ordinary Shares 12.0 $254.0 $21.17
766 AVNS Avanos Medical Inc Ordinary Shares Healthcare 18.0 $252.0 $14.00 +78.2%
767 CRON Cronos Group Inc Ordinary Shares Healthcare 100.0 $251.0 $2.51 +8.0%
768 BYRN Byrna Technologies Inc Ordinary Shares Industrials 25.0 $230.0 NEW $9.20 -38.2%
769 WDS Woodside Energy Group Ltd ADR Energy 9.0 $215.0 $23.89 -17.3%
770 KSS Kohls Corp. Consumer Cyclical 16.0 $206.0 $12.88 +46.9%
771 OKLO Oklo Inc. Ordinary Shares - Class A Utilities 4.0 $198.0 $49.50 +9.2%
772 HPE Hewlett Packard Enterprise Co Ordinary Shares Technology 8.0 $190.0 $23.75 +105.3%
773 JYD Jayud Global Logistics Ltd Ordinary Shares - Class A Industrials 60.0 $178.0 $2.97 -64.9%
774 WRAP Wrap Technologies Inc Ordinary Shares Technology 100.0 $154.0 $1.54 -22.7%
775 HELP Helus Pharma Inc. Ordinary Shares Healthcare 25.0 $120.0 $4.80 +6.0%
776 RGT Royce Global Value Trust Inc Financial Services 9.0 $120.0 $13.33 +5.7%
777 SNAP Snap Inc Ordinary Shares - Class A Communication Services 26.0 $120.0 $4.62 -1.8%
778 IQ Iqiyi, Inc Communication Services 85.0 $115.0 $1.35 -25.3%
779 VFC Vf Corp. Ordinary Shares Consumer Cyclical 4.0 $68.0 $17.00 +1.3%
780 RIOT Riot Platforms Inc Ordinary Shares Financial Services 4.0 $49.0 $12.25 +123.8%
Page 39 of 40  ·  784 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 31.0%
Financial Services 12.8%
Industrials 11.5%
Healthcare 9.9%
Consumer Cyclical 9.3%
Utilities 7.2%
Communication Services 6.8%
Consumer Defensive 6.0%
Energy 3.8%
Basic Materials 1.2%