Fell Capital Management

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 24, 2026), Fell Capital Management reported 96 stock positions worth $118.7 million. Its top holding was iShares Russell 2000 Value E (IWN) at 5.1% of the portfolio, followed by Apple (AAPL, 5.1%) and SS SPDR S&P 500 ETF Trust-US (SPY, 5.0%). Compared with Q1 2026, it opened 4 new positions, sold out of 1, added to 16 and reduced 40. The biggest buy was Fidelity Total Bond ETF (FBND, shares +181%) and the biggest sale SPDR Gold Shares (GLD, shares −5%).

Most Recent 13F
Q2 2026
Location
NEWPORT BEACH, CA
CIK
0000850601
Portfolio Value
$118.7M (Q2 2026)
SEC Filing
0000850601-26-000005 ↗ filed Jul 24, 2026

Holdings Value

0$50.0M$100.0M$150.0M Q4 2025: $102.6M Q4 2025 Q1 2026: $104.8M Q1 2026 Q2 2026: $118.7M $118.7M Q2 2026

Holdings 96 stocks · $118.7M
IWN iShares Russell 2000 Value E 5.07% 27,215 $6.0M Add +5.8%
AAPL Apple Inc. 5.06% 20,767 $6.0M Reduce -2.7%
SPY SS SPDR S&P 500 ETF Trust-US 5.00% 7,952 $5.9M Reduce -2.6%
IWO iShares Russell 2000 Growth 4.88% 14,692 $5.8M Add +4.2%
GOOG Alphabet Inc. Class C 4.19% 14,087 $5.0M Reduce -5.0%
SDY SS SPDR S&P Dividend ETF 3.81% 29,718 $4.5M Add +11.7%
FBND Fidelity Total Bond ETF 3.29% 85,956 $3.9M Add +181.3%
SLYV SS SPDR S&P 600 SC Val ETF 2.53% 27,495 $3.0M Add +6.2%
SPYV SS SPDR P S&P 500 Value ETF 2.33% 45,423 $2.8M Add +13.4%
VAW Vanguard Materials ETF 2.22% 11,495 $2.6M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.18% 32,136 $2.6M Reduce -0.1%
AMZN Amazon.com Inc. 2.10% 10,476 $2.5M Reduce -0.9%
VWO Vanguard Ftse Emerging Marke 1.97% 39,181 $2.3M Add +0.4%
SLYG SS SPDR S&P 600 SC GR ETF 1.87% 18,674 $2.2M Add +5.2%
MSFT Microsoft Corp. 1.85% 5,880 $2.2M Reduce -12.4%
SPYG SS SPDR P S&P 500 Growth ETF 1.73% 17,248 $2.1M Add +3.3%
GLD SPDR Gold Shares 1.59% 5,115 $1.9M Reduce -4.8%
GS Goldman Sachs Group Inc. 1.57% 1,847 $1.9M Reduce -4.2%
PFF iShares Preferred & Income S 1.57% 60,984 $1.9M Reduce -2.9%
JPM JPMorgan Chase & Co. 1.49% 5,420 $1.8M Reduce -4.0%
GOOGL Alphabet Inc. Class A 1.48% 4,930 $1.8M Reduce -1.0%
NVDA Nvidia Corp. 1.44% 8,522 $1.7M Reduce -0.6%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 1.37% 20,282 $1.6M Reduce -2.1%
XOM Exxon Mobil Corp. 1.26% 10,955 $1.5M Reduce -1.4%
IJH iShares Core S&P Midcap ETF 1.25% 19,205 $1.5M No change
QQQ Invesco QQQ Trust Series 1 1.23% 1,990 $1.5M No change
AMGN Amgen Inc. 1.23% 4,040 $1.5M Reduce -0.6%
BRK.B Berkshire Hathaway Inc. Class B 1.13% 2,672 $1.3M Reduce -2.4%
XLV SS Health Care Select Sector 1.11% 8,335 $1.3M No change
CVX Chevron Corp. 1.11% 7,949 $1.3M No change
SPMD SS SPDR P S&P 400 Midcap ETF 1.09% 19,207 $1.3M Add +6.0%
JNJ Johnson & Johnson 0.95% 4,417 $1.1M Reduce -0.6%
HD Home Depot Inc. 0.88% 2,967 $1.0M No change
TIP iShares Tips Bond ETF 0.82% 8,920 $976K No change
KMI Kinder Morgan Inc. 0.82% 30,400 $972K No change
XBI SS SPDR S&P Biotech ETF 0.81% 6,075 $961K Reduce -0.4%
CSCO Cisco Systems Inc. 0.81% 8,158 $958K Reduce -2.4%
GE General Electric filed as GE AEROSPACE 0.76% 2,425 $906K No change
FDX FedEx Corp. 0.75% 2,855 $894K No change
FCX Freeport-McMoran Inc. 0.75% 14,175 $891K Reduce -0.7%
MCK McKesson Corp. 0.74% 1,160 $876K Reduce -2.1%
IWM iShares Russell 2000 ETF 0.72% 2,845 $855K No change
VZ Verizon Communications Inc. 0.72% 20,185 $855K Reduce -3.8%
SBUX Starbucks Corp. 0.72% 8,325 $851K Reduce -4.5%
AIQ Global X Art Intel & Tech 0.71% 12,779 $838K Add +2.1%
BTZ BlackRock Credit Allocation 0.69% 80,184 $819K Reduce -1.2%
V Visa Inc. Class A 0.66% 2,289 $785K No change
ORCL Oracle Corp. 0.63% 5,141 $753K Reduce -1.4%
AXP American Express Co. 0.62% 2,190 $741K No change
TBIL F/M US Treasury 3 Month Bill 0.62% 14,850 $740K No change
AMAT Applied Materials Inc. 0.61% 1,000 $723K No change
PTY PIMCO Corporate & Income Opp 0.57% 55,950 $673K No change
SPDW Ste STR SPDR PT DW Eu ETF 0.55% 13,047 $657K Add +12.5%
SGOV iShares 0-3 Month Treasury B 0.55% 6,500 $654K Add +4.0%
BITB Bitwise Bitcoin ETF 0.55% 20,495 $653K No change
TSM Taiwan Semiconductor-SP ADR 0.54% 1,344 $642K Reduce -6.0%
BA The Boeing Co. 0.51% 2,815 $609K No change
UNH Unitedhealth Group Inc. 0.51% 1,458 $606K No change
ITW Illinois Tool Works 0.50% 2,205 $596K No change
RTX RTX Corp. 0.50% 3,125 $593K No change
MO Altria Group Inc. 0.49% 8,050 $579K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.48% 5,912 $569K Reduce -0.6%
MS Morgan Stanley 0.47% 2,670 $558K Reduce -1.5%
MRK Merck & Co. Inc. 0.46% 4,215 $542K Reduce -2.3%
VEA Vanguard Ftse Developed ETF 0.45% 7,483 $533K Add +0.6%
GEV GE Vernova Inc. 0.41% 418 $491K No change
NFLX Netflix Inc. 0.38% 6,350 $453K Reduce -1.2%
UNP Union Pacific Corp. 0.35% 1,525 $415K No change
HON Honeywell International Inc. 0.34% 1,816 $407K Reduce -0.2%
CVS CVS Health Corp. 0.34% 3,900 $403K No change
HONA Honeywell Aerospace Inc. 0.34% 1,816 $401K Reduce -0.2%
MCD McDonald's Corp. 0.34% 1,475 $399K No change
REMX Vaneck Rar Earth ND STG-Usdi 0.33% 4,460 $395K Reduce -1.1%
SPAB SS SPDR P Agg Bond ETF 0.33% 15,384 $393K Reduce -11.5%
WELL Welltower Inc. 0.33% 1,700 $386K No change
PG The Procter & Gamble Co. 0.30% 2,411 $354K No change
SPEM State Street SP PTF Em ETF 0.29% 6,548 $339K Add +27.4%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.27% 1,314 $319K Add +8.8%
VTI VG Morningstar TS MKT ETF-US 0.27% 856 $317K Reduce -0.7%
AVGO Broadcom Inc. 0.26% 822 $311K No change
META Meta Platforms Inc. Class A 0.26% 548 $309K No change
XLF SS Financial Select Sector 0.23% 5,025 $269K No change
CMCSA Comcast Corp. Class A 0.22% 10,822 $266K Reduce -4.4%
ETN Eaton Corp. PLC 0.21% 585 $249K Reduce -2.5%
UTWO F/M US Treasury 2 Year Note 0.21% 5,175 $248K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.20% 657 $240K New
J Jacobs Solutions Inc. 0.20% 1,905 $240K Reduce -1.8%
BNY Bank of New York Mellon Corp. 0.20% 1,625 $235K Reduce -9.7%
VGT Vanguard Info Tech ETF 0.19% 1,888 $226K New
SCHE Schwab Emrg Mrkts Eqty ETF 0.19% 6,200 $225K No change
SLV iShares Silver Trust 0.19% 4,200 $225K No change
TGT Target Corp. 0.18% 1,675 $219K No change
FDXF FedEx Freight Holding Co. 0.18% 1,423 $215K Reduce -0.3%
SCHW Schwab (charles) Corp. 0.17% 2,250 $208K No change
URI United Rentals Inc. 0.17% 180 $204K New
XEL Xcel Energy Inc. 0.17% 2,500 $201K New

Portfolio Sells Q1 2026 → Q2 2026
GLD SPDR Gold Shares Reduce -4.8% 1.59% −0.62
XOM Exxon Mobil Corp. Reduce -1.4% 1.26% −0.54
MSFT Microsoft Corp. Reduce -12.4% 1.85% −0.52
HON Honeywell International Inc. Reduce -0.2% 0.34% −0.44
VZ Verizon Communications Inc. Reduce -3.8% 0.72% −0.29
PFF iShares Preferred & Income S Reduce -2.9% 1.57% −0.25
MCK McKesson Corp. Reduce -2.1% 0.74% −0.24
NFLX Netflix Inc. Reduce -1.2% 0.38% −0.21
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -2.1% 1.37% −0.21
LMT Lockheed Martin Corp. Sold out 0.00% −0.20
AMGN Amgen Inc. Reduce -0.6% 1.23% −0.13
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.4% 1.13% −0.13
AAPL Apple Inc. Reduce -2.7% 5.06% −0.11
ORCL Oracle Corp. Reduce -1.4% 0.63% −0.10
SPAB SS SPDR P Agg Bond ETF Reduce -11.5% 0.33% −0.09
BTZ BlackRock Credit Allocation Reduce -1.2% 0.69% −0.09
JNJ Johnson & Johnson Reduce -0.6% 0.95% −0.09
JPM JPMorgan Chase & Co. Reduce -4.0% 1.49% −0.09
CMCSA Comcast Corp. Class A Reduce -4.4% 0.22% −0.09
DIS The Walt Disney Co. Reduce -0.6% 0.48% −0.07
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.6% 5.00% −0.06
FCX Freeport-McMoran Inc. Reduce -0.7% 0.75% −0.05
REMX Vaneck Rar Earth ND STG-Usdi Reduce -1.1% 0.33% −0.05
HONA Honeywell Aerospace Inc. Reduce -0.2% 0.34% −0.05
MRK Merck & Co. Inc. Reduce -2.3% 0.46% −0.04
J Jacobs Solutions Inc. Reduce -1.8% 0.20% −0.03
SBUX Starbucks Corp. Reduce -4.5% 0.72% −0.03
FDXF FedEx Freight Holding Co. Reduce -0.3% 0.18% −0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -0.1% 2.18% −0.02
BNY Bank of New York Mellon Corp. Reduce -9.7% 0.20% −0.01
AMZN Amazon.com Inc. Reduce -0.9% 2.10% +0.00
VTI VG Morningstar TS MKT ETF-US Reduce -0.7% 0.27% +0.00
ETN Eaton Corp. PLC Reduce -2.5% 0.21% +0.01
NVDA Nvidia Corp. Reduce -0.6% 1.44% +0.01
GS Goldman Sachs Group Inc. Reduce -4.2% 1.57% +0.02
MS Morgan Stanley Reduce -1.5% 0.47% +0.04
XBI SS SPDR S&P Biotech ETF Reduce -0.4% 0.81% +0.07
TSM Taiwan Semiconductor-SP ADR Reduce -6.0% 0.54% +0.08
GOOGL Alphabet Inc. Class A Reduce -1.0% 1.48% +0.12
GOOG Alphabet Inc. Class C Reduce -5.0% 4.19% +0.13
CSCO Cisco Systems Inc. Reduce -2.4% 0.81% +0.19

Portfolio Buys Q1 2026 → Q2 2026
FBND Fidelity Total Bond ETF Add +181.3% 3.29% +1.96
IWO iShares Russell 2000 Growth Add +4.2% 4.88% +0.65
IWN iShares Russell 2000 Value E Add +5.8% 5.07% +0.42
SLYG SS SPDR S&P 600 SC GR ETF Add +5.2% 1.87% +0.24
VBK Van Morst SML-Cap Gro-Usd Inc. New 0.20% +0.20
SLYV SS SPDR S&P 600 SC Val ETF Add +6.2% 2.53% +0.19
VGT Vanguard Info Tech ETF New 0.19% +0.19
URI United Rentals Inc. New 0.17% +0.17
XEL Xcel Energy Inc. New 0.17% +0.17
SPYG SS SPDR P S&P 500 Growth ETF Add +3.3% 1.73% +0.17
SPYV SS SPDR P S&P 500 Value ETF Add +13.4% 2.33% +0.16
AIQ Global X Art Intel & Tech Add +2.1% 0.71% +0.15
SDY SS SPDR S&P Dividend ETF Add +11.7% 3.81% +0.10
SPMD SS SPDR P S&P 400 Midcap ETF Add +6.0% 1.09% +0.07
SPEM State Street SP PTF Em ETF Add +27.4% 0.29% +0.06
SPDW Ste STR SPDR PT DW Eu ETF Add +12.5% 0.55% +0.05
VBR Vngrd Mrngst SL-CP Val ETF-U Add +8.8% 0.27% +0.02
VEA Vanguard Ftse Developed ETF Add +0.6% 0.45% −0.01
VWO Vanguard Ftse Emerging Marke Add +0.4% 1.97% −0.04
SGOV iShares 0-3 Month Treasury B Add +4.0% 0.55% −0.05

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 96$118.7MIWN, AAPL, SPY, IWO, GOOG
Q1 2026 91$104.8MAAPL, SPY, IWN, IWO, GOOG
Q4 2025 90$102.6MSPY, AAPL, GOOG, IWO, IWN