Portfolio (Quarterly) Guide ↗

BITTERROOT CAPITAL ADVISORS LLC

· CIK 0002110106

13F Portfolio $166M AUM 53 positions Filed Aug 14, 2026 EDGAR ↗ ← All Funds

Q2 2026 Q1 2026 · All 2 New 13 Added 7 Reduced 9 Exited

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
1	IWF	ISHARES TR	—	128,692.0	$16.0M	9.63%	+97K	+300.0%	$124.19	-1.2%
2	SPY	STATE STR SPDR S&P 500 ETF T	Financial Services	9,134.0	$6.8M	4.11%	+234.0	+2.6%	$746.73	+3.0%
3	EEM	ISHARES TR	—	18,102.0	$1.2M	0.75%	+2K	+13.3%	$68.41	-1.9%
4	PAGP	PLAINS GP HLDGS L P	Energy	42,059.0	$1.0M	0.61%	+705.0	+1.7%	$24.27	+15.2%
5	EPD	ENTERPRISE PRODS PARTNERS L	—	23,746.0	$873K	0.53%	+330.0	+1.4%	$36.76	—
6	WES	WESTERN MIDSTREAM PARTNERS L	Energy	14,298.0	$626K	0.38%	+1K	+9.7%	$43.76	+10.4%
7	MPLX	MPLX LP	Energy	9,703.0	$547K	0.33%	+185.0	+1.9%	$56.33	+5.2%
8	TOTL	SSGA ACTIVE ETF TR	—	10,215.0	$403K	0.24%	+95.0	+0.9%	$39.47	-1.7%
9	IEMG	ISHARES INC	—	2,648.0	$219K	0.13%	+20.0	+0.8%	$82.85	-1.2%
10	SOC	SABLE OFFSHORE CORP	Energy	48,000.0	$148K	0.09%	+46K	+3100.0%	$3.08	+45.8%
11	HYFI	AB ACTIVE ETFS INC	—	2,781.0	$104K	0.06%	+45.0	+1.6%	$37.34	-0.5%
12	BSJT	INVESCO EXCH TRD SLF IDX FD	—	4,138.0	$87K	0.05%	+67.0	+1.6%	$21.13	-0.0%
13	BSJU	INVESCO EXCH TRD SLF IDX FD	—	970.0	$25K	0.01%	+16.0	+1.7%	$25.82	-0.4%

① 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

Financial Services 66.3%

Consumer Cyclical 17.4%

Energy 11.8%

Technology 2.6%

Basic Materials 1.3%

Consumer Defensive 0.4%

Healthcare 0.2%

Communication Services 0.0%