Brave Asset Management Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 17, 2026), Brave Asset Management Inc. reported 154 stock positions worth $420.8 million. Its top holding was iShares MSCI Eafe Value ETF (EFV) at 13.0% of the portfolio, followed by iShares Core U.S. Aggregate (AGG, 9.4%) and SS Technology Select Sector (XLK, 8.5%). Compared with Q4 2025, it opened 10 new positions, sold out of 20, added to 42 and reduced 35. The biggest buy was Ziff Davis (ZD, shares +12%) and the biggest sale Alphabet Class C (GOOG, shares −4%).

Most Recent 13F
Q2 2026
Location
Summit, NJ
CIK
0001085867
Portfolio Value
$420.8M (Q1 2026)
SEC Filing
0001172661-26-001505 ↗ filed Apr 17, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $385.2M Q1 2024 Q2 2024: $392.5M Q2 2024 Q3 2024: $402.6M Q3 2024 Q4 2024: $314.5M Q4 2024 Q1 2025: $318.1M Q1 2025 Q2 2025: $367.2M Q2 2025 Q3 2025: $409.4M Q3 2025 Q4 2025: $423.9M Q4 2025 Q1 2026: $420.8M $420.8M Q1 2026 Q2 2026: $467.5M Q2 2026

Holdings 154 stocks · $420.8M
EFV iShares MSCI Eafe Value ETF 13.03% 737,659 $54.8M Add +2.0%
AGG iShares Core U.S. Aggregate 9.42% 399,490 $39.7M Add +4.4%
XLK SS Technology Select Sector 8.45% 267,555 $35.6M Add +0.3%
AAPL Apple Inc. 5.25% 87,041 $22.1M Add +0.4%
ZD Ziff Davis Inc. 4.69% 470,282 $19.7M Add +11.9%
SPY SS SPDR S&P 500 ETF Trust-US 4.66% 30,124 $19.6M Add +5.2%
VOO Vanguard S&P 500 ETF 4.51% 31,773 $19.0M Add +0.1%
GOOG Alphabet Inc. Class C 4.25% 62,322 $17.9M Reduce -4.0%
IAU iShares Gold Trust 3.60% 172,049 $15.2M Reduce -5.0%
MSFT Microsoft Corp. 3.52% 39,973 $14.8M Add +1.9%
JPM JPMorgan Chase & Co. 3.37% 48,165 $14.2M Add +0.8%
XLV SS Health Care Select Sector 3.05% 87,515 $12.8M Add +1.6%
AMZN Amazon.com Inc. 2.20% 44,484 $9.3M Add +0.2%
VEU Vanguard Ftse All-World Ex-U 1.89% 105,611 $7.9M Add +5.1%
XLY SS Consumer Disc Select Sect 1.82% 70,235 $7.7M Add +1.1%
XLP SS Consumer Staples Sel Sect 1.49% 76,333 $6.3M Add +1.0%
AXP American Express Co. 1.15% 16,064 $4.9M No change
GLW Corning Inc. 1.11% 34,250 $4.7M No change
BRK.B Berkshire Hathaway Inc. Class B 0.95% 8,320 $4.0M Add +2.7%
GOOGL Alphabet Inc. Class A 0.86% 12,567 $3.6M Add +2.8%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.79% 72,784 $3.3M Add +1.4%
IVE iShares S&P 500 Value ETF 0.66% 13,242 $2.8M No change
NOC Northrop Grumman Corp. 0.60% 3,712 $2.5M Add +3.2%
JNJ Johnson & Johnson 0.54% 9,367 $2.3M Reduce -1.2%
NVDA Nvidia Corp. 0.53% 12,731 $2.2M Add +6.6%
WTM White Mountains Insurance GP 0.48% 924 $2.0M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.42% 7,229 $1.8M No change
MRK Merck & Co. Inc. 0.40% 14,164 $1.7M Add +3.1%
VZ Verizon Communications Inc. 0.40% 33,239 $1.7M Add +25.1%
ALL Allstate Corp. 0.39% 7,865 $1.6M No change
GS Goldman Sachs Group Inc. 0.38% 1,904 $1.6M Add +1.2%
KO The Coca-Cola Co. 0.38% 21,077 $1.6M Reduce -0.8%
LLY Eli Lilly & Co. 0.38% 1,737 $1.6M No change
CSCO Cisco Systems Inc. 0.35% 18,962 $1.5M Reduce -0.9%
BX Blackstone Inc. 0.34% 12,419 $1.4M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.31% 26,999 $1.3M No change
YUM Yum! Brands Inc. 0.31% 8,387 $1.3M No change
AMGN Amgen Inc. 0.29% 3,466 $1.2M Add +3.7%
XOM Exxon Mobil Corp. 0.29% 7,159 $1.2M Add +5.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.27% 5,719 $1.1M Reduce -4.6%
PG The Procter & Gamble Co. 0.25% 7,257 $1.0M Reduce -1.4%
T AT&T Inc. 0.23% 33,922 $983K No change
CVX Chevron Corp. 0.23% 4,706 $974K Add +7.8%
MMM 3M Co. 0.22% 6,495 $943K No change
CSX CSX Corp. 0.22% 22,641 $929K No change
HON Honeywell International Inc. 0.22% 4,078 $922K Add +5.2%
C Citigroup Inc. 0.22% 8,024 $910K No change
PFF iShares Preferred & Income S 0.21% 29,399 $891K Reduce -37.7%
VLO Valero Energy Corp. 0.21% 3,555 $878K No change
NFLX Netflix Inc. 0.21% 9,118 $877K Add +71.1%
APO Apollo Global Management Inc. 0.21% 7,778 $867K No change
CRSP Crispr Therapeutics AG 0.20% 18,034 $858K No change
HD Home Depot Inc. 0.20% 2,582 $849K Add +5.7%
MA Mastercard Inc. Class A 0.20% 1,699 $849K Reduce -1.4%
MKL Markel Group Inc. 0.20% 439 $840K No change
LOW Lowe's Cos Inc. 0.19% 3,445 $814K No change
TRV The Travelers Cos Inc. 0.19% 2,710 $790K No change
KMI Kinder Morgan Inc. 0.19% 23,500 $788K No change
COP Conocophillips 0.18% 5,846 $772K No change
NEM Newmont Corp. 0.18% 6,900 $747K No change
TXN Texas Instruments Inc. 0.18% 3,823 $742K Reduce -0.5%
MET Metlife Inc. 0.17% 9,850 $697K No change
CRS Carpenter Technology 0.16% 1,760 $694K No change
DE Deere & Co. 0.16% 1,229 $692K No change
EMR Emerson Electric Co. 0.16% 5,246 $687K Reduce -2.6%
TXT Textron Inc. 0.16% 7,773 $681K Reduce -0.3%
ORCL Oracle Corp. 0.16% 4,542 $668K Add +8.6%
TPL Texas Pacific Land Corp. 0.16% 1,401 $665K No change
RDNT Radnet Inc. 0.16% 11,791 $659K No change
MCO Moody's Corp. 0.15% 1,463 $638K No change
GLD SPDR Gold Shares 0.15% 1,472 $633K No change
HII Huntington Ingalls Industrie 0.14% 1,583 $601K No change
HIG Hartford Insurance Group Inc. 0.14% 4,425 $598K Reduce -1.4%
VB Vanguard Most SM-Cap ETF-Usd 0.14% 2,247 $589K New
ABT Abbott Laboratories 0.13% 5,221 $536K Reduce -3.4%
ABBV Abbvie Inc. 0.13% 2,447 $532K No change
ADP Automatic Data Processing 0.12% 2,527 $513K Add +2.2%
XLF SS Financial Select Sector 0.12% 10,374 $512K No change
GBTC Grayscale Bitcoin Trust ETF 0.12% 9,561 $504K Add +123.7%
PH Parker Hannifin Corp. 0.12% 555 $497K No change
WMS Advanced Drainage Systems Inc. 0.12% 3,600 $494K No change
FLR Fluor Corp. 0.12% 10,400 $485K No change
ITW Illinois Tool Works 0.11% 1,843 $480K No change
WPM Wheaton Precious Metals Corp. 0.11% 3,583 $469K No change
GE General Electric filed as GE AEROSPACE 0.11% 1,621 $460K No change
META Meta Platforms Inc. Class A 0.11% 792 $453K Reduce -26.1%
ET Energy Transfer LP 0.11% 23,178 $447K No change
SHEL Shell PLC-ADR 0.11% 4,800 $446K No change
ADBE Adobe Inc. 0.11% 1,834 $446K Reduce -0.4%
VGSH Vanguard Short-Term Treasury 0.11% 7,564 $443K Add +2.5%
AMAT Applied Materials Inc. 0.10% 1,282 $438K Add +22.2%
CRWD CrowdStrike Holdings Inc. Class A 0.10% 1,102 $430K Add +8.7%
APA Apa Corp. 0.10% 10,000 $424K No change
WAT Waters Corp. 0.10% 1,392 $415K Add +1.9%
AFL Aflac Inc. 0.10% 3,759 $412K Reduce -2.6%
DVN Devon Energy Corp. 0.10% 8,100 $408K Reduce -11.0%
B Barrick Mining Corp. 0.10% 10,000 $407K No change
BND Vanguard Total Bond Market 0.10% 5,524 $407K No change
CR Crane Co. 0.10% 2,355 $403K No change
SLV iShares Silver Trust 0.09% 5,627 $383K Reduce -28.0%
CACC Credit Acceptance Corp. 0.09% 891 $377K No change
WMT Walmart Inc. 0.09% 3,013 $374K Add +38.0%
XLE SS Energy Select Sector 0.09% 6,072 $372K Add +20.5%
CDE Coeur Mining Inc. 0.09% 19,088 $358K New
EFIV SS SPDR S&P 500 ESG ETF 0.08% 5,615 $354K Add +3.6%
AMD Advanced Micro Devices 0.08% 1,740 $354K Reduce -2.2%
GEV GE Vernova Inc. 0.08% 404 $353K No change
VGK Vanguard Ftse Europe ETF 0.08% 4,250 $350K New
OXY Occidental Petroleum Corp. 0.08% 5,208 $339K Reduce -32.4%
LH Labcorp Holdings Inc. 0.08% 1,245 $332K Add +25.1%
L Loews Corp. 0.08% 3,100 $331K No change
SCHW Schwab (charles) Corp. 0.08% 3,505 $329K No change
FLEX Flex Ltd. filed as FLEXTRONICS INTL LTD 0.08% 5,000 $327K No change
UNP Union Pacific Corp. 0.08% 1,333 $323K Add +9.9%
IWF iShares Russell 1000 Growth 0.08% 742 $316K Reduce -1.3%
BMY Bristol-Myers Squibb Co. 0.07% 5,140 $312K Add +16.8%
LNC Lincoln National Corp. 0.07% 8,736 $310K No change
URI United Rentals Inc. 0.07% 403 $294K No change
CI The Cigna Group 0.07% 1,093 $292K No change
NYT New York Times Co. Class A 0.07% 3,440 $288K No change
PRU Prudential Financial Inc. 0.07% 2,940 $287K New
ROM Proshares Ultra Technology 0.07% 3,620 $284K Reduce -13.3%
PFE Pfizer Inc. 0.07% 10,085 $283K Reduce -20.3%
SYY Sysco Corp. 0.07% 3,960 $282K Add +9.2%
MTDR Matador Resources Co. 0.07% 4,458 $282K New
MS Morgan Stanley 0.07% 1,700 $280K No change
ROP Roper Technologies Inc. 0.07% 773 $274K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.06% 618 $270K No change
TTE Totalenergies SE 0.06% 2,800 $261K New
VWO Vanguard Ftse Emerging Marke 0.06% 4,709 $255K New
WFC Wells Fargo & Co. 0.06% 3,187 $254K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 2,590 $250K Reduce -6.8%
DOV Dover Corp. 0.06% 1,179 $246K No change
LIN Linde PLC 0.06% 494 $245K No change
RSP Invesco S&P 500 Equal Weight 0.06% 1,261 $242K New
ENB Enbridge Inc. 0.05% 4,224 $228K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.05% 780 $224K New
BN Brookfield Corp. 0.05% 5,400 $218K No change
SBUX Starbucks Corp. 0.05% 2,400 $215K No change
PEP Pepsico Inc. 0.05% 1,372 $213K New
FLNG Flex LNG Ltd. 0.05% 6,750 $201K Reduce -44.9%
HYT BlackRock Corp. Hi YLD 0.04% 18,000 $153K Reduce -18.2%
RIG Transocean Ltd. 0.04% 23,000 $152K No change
BTG B2GOLD Corp. 0.03% 30,000 $136K No change
PLUG Plug Power Inc. filed as PLUG PWR INC 0.02% 30,400 $69K Reduce -24.8%
DHF BNYM High Yield Strategies filed as BNY MELLON HIGH YIELD STRATE 0.01% 25,100 $61K No change
DLTH Duluth Holdings Inc. Class B 0.01% 14,000 $44K Reduce -42.9%
KSCP Knightscope Inc. Class A 0.01% 10,000 $42K Reduce -54.5%
XRX Xerox Holdings Corp. 0.01% 29,000 $37K Reduce -46.3%
URG Ur-Energy Inc. 0.01% 18,000 $27K Reduce -50.0%
SRFM Surf Air Mobility Inc. 0.01% 22,500 $26K Reduce -43.8%
MIN Aberdeen Intermediate Inc. FD 0.01% 10,000 $25K No change
PROP Prairie Operating Co. 0.00% 10,000 $20K Reduce -50.0%
MDCX Medicus Pharma Ltd. 0.00% 10,000 $5K Reduce -50.0%

Options reported separately and not counted above: SPY puts ($4.6M), CRSP calls ($794K), BAC calls ($458K), XLF calls ($49K), XLE calls ($25K).

Other holdings (2): bonds, preferreds, convertibles and warrants · $3K (not counted above)
SecurityClassShares / PrincipalValueChange
XRXDW Xerox Holdings Corp. *W EXP 02/11/202 19,500$2KReduce -27.8%
LUCYW Innovative Eyewear Inc.-CW23 *W EXP 08/16/202 31,388$2KNo change

Total filed on the 13F, all lines: $420.8M.

Portfolio Sells Q4 2025 → Q1 2026
GOOG Alphabet Inc. Class C Reduce -4.0% 4.25% −0.56
PFF iShares Preferred & Income S Reduce -37.7% 0.21% −0.13
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −0.12
IBIT iShares Bitcoin Trust ETF Sold out 0.00% −0.11
SQQQ Proshares Ultrapro Short QQQ Sold out 0.00% −0.09
NGD New Gold Inc. Sold out 0.00% −0.08
UNH Unitedhealth Group Inc. Sold out 0.00% −0.07
ACN Accenture PLC Class A Sold out 0.00% −0.06
META Meta Platforms Inc. Class A Reduce -26.1% 0.11% −0.06
FYBR Frontier Communications Pare Sold out 0.00% −0.06
FCX Freeport-McMoran Inc. Sold out 0.00% −0.05
QCOM Qualcomm Inc. Sold out 0.00% −0.05
SHOP Shopify Inc. Class A Sold out 0.00% −0.05
SAFT Safety Insurance Group Inc. Sold out 0.00% −0.05
ADBE Adobe Inc. Reduce -0.4% 0.11% −0.05
SMR Nuscale Power Corp. Sold out 0.00% −0.03
ABT Abbott Laboratories Reduce -3.4% 0.13% −0.03
MA Mastercard Inc. Class A Reduce -1.4% 0.20% −0.03
SLV iShares Silver Trust Reduce -28.0% 0.09% −0.03
ROM Proshares Ultra Technology Reduce -13.3% 0.07% −0.03
FLNG Flex LNG Ltd. Reduce -44.9% 0.05% −0.02
TDOC Teladoc Health Inc. Sold out 0.00% −0.02
XRX Xerox Holdings Corp. Reduce -46.3% 0.01% −0.02
DIS The Walt Disney Co. Reduce -6.8% 0.06% −0.02
UROY Uranium Royalty Corp. Sold out 0.00% −0.01
SRFM Surf Air Mobility Inc. Reduce -43.8% 0.01% −0.01
RXRX Recursion Pharmaceuticals-A Sold out 0.00% −0.01
HYT BlackRock Corp. Hi YLD Reduce -18.2% 0.04% −0.01
KSCP Knightscope Inc. Class A Reduce -54.5% 0.01% −0.01
IWF iShares Russell 1000 Growth Reduce -1.3% 0.08% −0.01
SNOW LAKE RES LTD Sold out 0.00% −0.01
PFE Pfizer Inc. Reduce -20.3% 0.07% −0.01
MDCX Medicus Pharma Ltd. Reduce -50.0% 0.00% −0.01
AMD Advanced Micro Devices Reduce -2.2% 0.08% −0.01
KOPN Kopin Corp. Sold out 0.00% −0.01
URG Ur-Energy Inc. Reduce -50.0% 0.01% −0.01
EMR Emerson Electric Co. Reduce -2.6% 0.16% −0.01
ONCY Oncolytics Biotech Inc. Sold out 0.00% −0.01
HIG Hartford Insurance Group Inc. Reduce -1.4% 0.14% −0.00
VTV Vanguard Mrngstr Val ETF-Aui Reduce -4.6% 0.27% −0.00
PROP Prairie Operating Co. Reduce -50.0% 0.00% −0.00
AFL Aflac Inc. Reduce -2.6% 0.10% −0.00
PLUG Plug Power Inc. Reduce -24.8% 0.02% −0.00
BLNK Blink Charging Co. Sold out 0.00% −0.00
DLTH Duluth Holdings Inc. Class B Reduce -42.9% 0.01% −0.00
ORIGIN MATERIALS INC Sold out 0.00% −0.00
PG The Procter & Gamble Co. Reduce -1.4% 0.25% +0.00
TXT Textron Inc. Reduce -0.3% 0.16% +0.00
CSCO Cisco Systems Inc. Reduce -0.9% 0.35% +0.00
OXY Occidental Petroleum Corp. Reduce -32.4% 0.08% +0.01

Portfolio Buys Q4 2025 → Q1 2026
ZD Ziff Davis Inc. Add +11.9% 4.69% +1.21
EFV iShares MSCI Eafe Value ETF Add +2.0% 13.03% +0.85
AGG iShares Core U.S. Aggregate Add +4.4% 9.42% +0.41
VZ Verizon Communications Inc. Add +25.1% 0.40% +0.14
VEU Vanguard Ftse All-World Ex-U Add +5.1% 1.89% +0.14
VB Vanguard Most SM-Cap ETF-Usd New 0.14% +0.14
NOC Northrop Grumman Corp. Add +3.2% 0.60% +0.12
XLP SS Consumer Staples Sel Sect Add +1.0% 1.49% +0.10
XOM Exxon Mobil Corp. Add +5.1% 0.29% +0.10
NFLX Netflix Inc. Add +71.1% 0.21% +0.09
CDE Coeur Mining Inc. New 0.09% +0.09
VGK Vanguard Ftse Europe ETF New 0.08% +0.08
CVX Chevron Corp. Add +7.8% 0.23% +0.07
XLU St Sr Utl SL SE SPDR ETF-Usd Add +1.4% 0.79% +0.07
PRU Prudential Financial Inc. New 0.07% +0.07
MTDR Matador Resources Co. New 0.07% +0.07
MRK Merck & Co. Inc. Add +3.1% 0.40% +0.06
TTE Totalenergies SE New 0.06% +0.06
VWO Vanguard Ftse Emerging Marke New 0.06% +0.06
RSP Invesco S&P 500 Equal Weight New 0.06% +0.06
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.05% +0.05
SPY SS SPDR S&P 500 ETF Trust-US Add +5.2% 4.66% +0.05
GBTC Grayscale Bitcoin Trust ETF Add +123.7% 0.12% +0.05
PEP Pepsico Inc. New 0.05% +0.05
HON Honeywell International Inc. Add +5.2% 0.22% +0.04
AMAT Applied Materials Inc. Add +22.2% 0.10% +0.04
XLE SS Energy Select Sector Add +20.5% 0.09% +0.04
AMGN Amgen Inc. Add +3.7% 0.29% +0.03
WMT Walmart Inc. Add +38.0% 0.09% +0.03
LH Labcorp Holdings Inc. Add +25.1% 0.08% +0.02
BMY Bristol-Myers Squibb Co. Add +16.8% 0.07% +0.02
UNP Union Pacific Corp. Add +9.9% 0.08% +0.01
SYY Sysco Corp. Add +9.2% 0.07% +0.00
HD Home Depot Inc. Add +5.7% 0.20% +0.00
VGSH Vanguard Short-Term Treasury Add +2.5% 0.11% +0.00
NVDA Nvidia Corp. Add +6.6% 0.53% +0.00
EFIV SS SPDR S&P 500 ESG ETF Add +3.6% 0.08% −0.00
GS Goldman Sachs Group Inc. Add +1.2% 0.38% −0.01
CRWD CrowdStrike Holdings Inc. Class A Add +8.7% 0.10% −0.01
BRK.B Berkshire Hathaway Inc. Class B Add +2.7% 0.95% −0.01
WAT Waters Corp. Add +1.9% 0.10% −0.02
ADP Automatic Data Processing Add +2.2% 0.12% −0.03
ORCL Oracle Corp. Add +8.6% 0.16% −0.03
GOOGL Alphabet Inc. Class A Add +2.8% 0.86% −0.04
XLV SS Health Care Select Sector Add +1.6% 3.05% −0.10
XLY SS Consumer Disc Select Sect Add +1.1% 1.82% −0.14
VOO Vanguard S&P 500 ETF Add +0.1% 4.51% −0.18
AMZN Amazon.com Inc. Add +0.2% 2.20% −0.22
JPM JPMorgan Chase & Co. Add +0.8% 3.37% −0.27
AAPL Apple Inc. Add +0.4% 5.25% −0.31

Options Activity Q4 2025 → Q1 2026
SPY SS SPDR S&P 500 ETF Trust-US put New 7,100 $4.6M
CRSP Crispr Therapeutics AG call Add +34.7% 16,700 $794K
BAC Bank of America Corp. call New 9,400 $458K
NOC Northrop Grumman Corp. put Sold out 500 $285Kbefore exit
XLF SS Financial Select Sector call New 1,000 $49K
XLE SS Energy Select Sector call New 400 $25K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2025 → Q1 2026
XRXDW Xerox Holdings Corp. *W EXP 02/11/202 Reduce -27.8% 19,500 $2K
ASTLW Algoma Steel Group Inc. -CW26 *W EXP 10/19/202 Sold out 10,000 $750before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 144$467.5MEFV, XLK, AGG, ZD, AAPL
Q1 2026 154$420.8MEFV, AGG, XLK, AAPL, ZD
Q4 2025 164$423.9MEFV, XLK, AGG, AAPL, GOOG
Q3 2025 165$409.4MEFV, AGG, XLK, AAPL, MSFT
Q2 2025 162$367.2MEFV, AGG, XLK, MSFT, VOO
Q1 2025 157$318.1MEFV, XLK, SPY, AAPL, VOO
Q4 2024 159$314.5MXLK, EFV, AAPL, SPY, ZD
Q3 2024 162$402.6MAGG, XLK, EFV, IAU, AAPL
Q2 2024 157$392.5MAGG, XLK, QQQ, EFV, AAPL
Q1 2024 164$385.2MAGG, XLK, QQQ, EFV, ZD