Phraction Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 20, 2026), Phraction Management LLC reported 62 stock positions worth $390.5 million. Its top holding was Amazon.com (AMZN) at 8.9% of the portfolio, followed by Alphabet Class A (GOOGL, 7.0%) and ASML Holding NV-NY Reg SHS (ASML, 6.9%). Compared with Q1 2026, it added to 13 and reduced 24. The biggest buy was Meta Platforms Class A (META, shares +150%) and the biggest sale Analog Devices (ADI, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- COLCHESTER, CT
- CIK
- 0001907803
- Portfolio Value
- $390.5M (Q2 2026)
- SEC Filing
- 0002085853-26-000778 ↗ filed Jul 20, 2026
Holdings Value
Holdings 62 stocks · $390.5M
| AMZN Amazon.com Inc. | 8.86% | 145,203 | $34.6M | Add +1.2% |
| GOOGL Alphabet Inc. Class A | 7.03% | 76,858 | $27.5M | Reduce -13.8% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 6.88% | 13,512 | $26.9M | Reduce -5.9% |
| MSFT Microsoft Corp. | 5.98% | 62,618 | $23.4M | Reduce -0.5% |
| ADI Analog Devices Inc. | 4.83% | 47,530 | $18.9M | Reduce -38.0% |
| TMO Thermo Fisher Scientific Inc. | 4.43% | 34,535 | $17.3M | Add +6.4% |
| ENTG Entegris Inc. | 4.42% | 95,964 | $17.3M | Reduce -9.9% |
| GOOG Alphabet Inc. Class C | 4.06% | 44,885 | $15.9M | Reduce -22.5% |
| AMAT Applied Materials Inc. | 3.96% | 21,394 | $15.5M | Reduce -0.5% |
| DHR Danaher Corp. | 3.37% | 69,059 | $13.2M | Reduce -13.5% |
| LIN Linde PLC | 3.21% | 24,156 | $12.5M | Reduce -0.1% |
| TDG Transdigm Group Inc. | 2.65% | 7,754 | $10.3M | Add +1.2% |
| V Visa Inc. Class A | 2.57% | 29,298 | $10.1M | Add +0.5% |
| RTX RTX Corp. | 2.48% | 50,960 | $9.7M | Reduce -11.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.39% | 18,625 | $9.3M | Add +3.2% |
| META Meta Platforms Inc. Class A | 2.30% | 15,964 | $9.0M | Add +150.0% |
| PHYS Sprott Physical Gold Trust | 2.24% | 290,467 | $8.8M | Add +9.0% |
| SPGI S&P Global Inc. | 2.24% | 21,505 | $8.8M | Reduce -17.5% |
| WMB Williams Cos Inc. | 2.06% | 108,275 | $8.0M | Reduce -2.0% |
| TDY Teledyne Technologies Inc. | 2.04% | 11,944 | $8.0M | No change |
| TXN Texas Instruments Inc. | 2.00% | 26,146 | $7.8M | Reduce -17.3% |
| BDX Becton Dickinson and Co. | 1.80% | 46,448 | $7.0M | Add +0.2% |
| HON Honeywell International Inc. | 1.77% | 30,832 | $6.9M | Add +1.1% |
| LRCX Lam Research Corp. | 1.75% | 15,774 | $6.8M | Reduce -28.2% |
| HONA Honeywell Aerospace Inc. | 1.75% | 30,821 | $6.8M | Add +1.0% |
| SNPS Synopsys Inc. | 1.64% | 14,316 | $6.4M | Add +3.8% |
| BAC Bank of America Corp. | 1.40% | 95,835 | $5.5M | Reduce -16.0% |
| ICE Intercontinental Exchange Inc. | 1.18% | 37,525 | $4.6M | Reduce -0.5% |
| PM Philip Morris International | 1.16% | 25,004 | $4.5M | Reduce -5.2% |
| FERG Ferguson Enterprises Inc. | 1.12% | 18,375 | $4.4M | Reduce -0.3% |
| IBIT iShares Bitcoin Trust ETF | 0.64% | 75,200 | $2.5M | No change |
| PEP Pepsico Inc. | 0.51% | 14,666 | $2.0M | No change |
| MKTW Marketwise Inc. | 0.42% | 92,316 | $1.6M | Reduce -6.1% |
| NVDA Nvidia Corp. | 0.41% | 8,000 | $1.6M | No change |
| BSX Boston Scientific Corp. | 0.40% | 36,558 | $1.6M | Reduce -0.1% |
| ETN Eaton Corp. PLC | 0.35% | 3,238 | $1.4M | No change |
| BN Brookfield Corp. | 0.33% | 30,172 | $1.3M | No change |
| RSP Invesco S&P 500 Equal Weight | 0.31% | 5,648 | $1.2M | Reduce -4.2% |
| GDX Vaneck Gold Miners ETF | 0.27% | 13,770 | $1.0M | No change |
| AAPL Apple Inc. | 0.26% | 3,499 | $1.0M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.26% | 12,062 | $1.0M | No change |
| MOAT Vaneck Morningstar Wide Moat | 0.24% | 9,095 | $946K | No change |
| SPGP Invesco S&P 500 Garp ETF | 0.21% | 6,710 | $821K | No change |
| EPD Enterprise Products Partners | 0.21% | 22,209 | $816K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.20% | 1,054 | $787K | No change |
| ASHR Xtrackers Harvest Csi 300 CH | 0.17% | 17,610 | $646K | No change |
| IHI iShares U.S. Medical Devices | 0.14% | 11,091 | $548K | No change |
| INDA iShares MSCI India ETF | 0.13% | 10,196 | $504K | No change |
| FMX Fomento Economico Mex-SP ADR | 0.13% | 3,845 | $492K | Reduce -2.8% |
| HD Home Depot Inc. | 0.11% | 1,235 | $436K | No change |
| SGHC Super Group SGHC Ltd. | 0.10% | 30,031 | $407K | No change |
| AVGO Broadcom Inc. | 0.10% | 1,000 | $378K | No change |
| MARA Mara Holdings Inc. | 0.09% | 25,000 | $347K | No change |
| NOBL Proshares S&P 500 Dividend A | 0.08% | 5,870 | $330K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 425 | $313K | No change |
| NOC Northrop Grumman Corp. | 0.08% | 605 | $308K | Add +6.1% |
| REGN Regeneron Pharmaceuticals | 0.06% | 367 | $229K | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.06% | 2,383 | $218K | Reduce -82.4% |
| FE Firstenergy Corp. | 0.05% | 4,405 | $209K | Reduce -3.8% |
| SUIG Sui Group Holdings Ltd. | 0.01% | 32,060 | $37K | No change |
| GUTS Fractyl Health Inc. | 0.01% | 41,000 | $33K | No change |
| SPLASH BEVERAGE GROUP INC | 0.00% | 123,648 | $19K | Add +76.6% |
Options reported separately and not counted above: SPY puts ($181.5M).
Other holdings (3): bonds, preferreds, convertibles and warrants · $23.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 12,158 | $15.3M | Reduce -0.6% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 6,522 | $7.5M | Add +1.3% |
| ENERGY TRANSFER LP (ET 9.25 PERP I) | 9.250% FXD PFD I | 71,510 | $820K | Add +4.1% |
Total filed on the 13F, all lines: $414.1M.
Portfolio Sells Q1 2026 → Q2 2026
| ADI Analog Devices Inc. | Reduce -38.0% | 4.83% | −1.89 |
| SPGI S&P Global Inc. | Reduce -17.5% | 2.24% | −0.82 |
| DHR Danaher Corp. | Reduce -13.5% | 3.37% | −0.81 |
| RTX RTX Corp. | Reduce -11.0% | 2.48% | −0.57 |
| GOOG Alphabet Inc. Class C | Reduce -22.5% | 4.06% | −0.52 |
| ICE Intercontinental Exchange Inc. | Reduce -0.5% | 1.18% | −0.45 |
| MSFT Microsoft Corp. | Reduce -0.5% | 5.98% | −0.44 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -82.4% | 0.06% | −0.29 |
| BSX Boston Scientific Corp. | Reduce -0.1% | 0.40% | −0.23 |
| WMB Williams Cos Inc. | Reduce -2.0% | 2.06% | −0.16 |
| BAC Bank of America Corp. | Reduce -16.0% | 1.40% | −0.14 |
| LIN Linde PLC | Reduce -0.1% | 3.21% | −0.09 |
| MKTW Marketwise Inc. | Reduce -6.1% | 0.42% | −0.09 |
| FERG Ferguson Enterprises Inc. | Reduce -0.3% | 1.12% | −0.07 |
| PM Philip Morris International | Reduce -5.2% | 1.16% | −0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -13.8% | 7.03% | −0.04 |
| FE Firstenergy Corp. | Reduce -3.8% | 0.05% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -4.2% | 0.31% | −0.00 |
| FMX Fomento Economico Mex-SP ADR | Reduce -2.8% | 0.13% | +0.00 |
| TXN Texas Instruments Inc. | Reduce -17.3% | 2.00% | +0.30 |
| LRCX Lam Research Corp. | Reduce -28.2% | 1.75% | +0.46 |
| ENTG Entegris Inc. | Reduce -9.9% | 4.42% | +0.98 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -5.9% | 6.88% | +1.65 |
| AMAT Applied Materials Inc. | Reduce -0.5% | 3.96% | +1.94 |
Portfolio Buys Q1 2026 → Q2 2026
| META Meta Platforms Inc. Class A | Add +150.0% | 2.30% | +1.30 |
| AMZN Amazon.com Inc. | Add +1.2% | 8.86% | +0.62 |
| TDG Transdigm Group Inc. | Add +1.2% | 2.65% | +0.19 |
| V Visa Inc. Class A | Add +0.5% | 2.57% | +0.14 |
| SNPS Synopsys Inc. | Add +3.8% | 1.64% | +0.13 |
| TMO Thermo Fisher Scientific Inc. | Add +6.4% | 4.43% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.2% | 2.39% | +0.00 |
| SPLASH BEVERAGE GROUP INC | Add +76.6% | 0.00% | −0.00 |
| NOC Northrop Grumman Corp. | Add +6.1% | 0.08% | −0.03 |
| HONA Honeywell Aerospace Inc. | Add +1.0% | 1.75% | −0.12 |
| BDX Becton Dickinson and Co. | Add +0.2% | 1.80% | −0.21 |
| PHYS Sprott Physical Gold Trust | Add +9.0% | 2.24% | −0.36 |
| HON Honeywell International Inc. | Add +1.1% | 1.77% | −2.04 |
Options Activity Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +62.0% | 243,000 | $181.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -0.6% | 12,158 | $15.3M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +1.3% | 6,522 | $7.5M |
| ENERGY TRANSFER LP (ET 9.25 PERP I) | 9.250% FXD PFD I | Add +4.1% | 71,510 | $820K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 62 | $390.5M | AMZN, GOOGL, ASML, MSFT, ADI |
| Q1 2026 | 61 | $362.5M | AMZN, GOOGL, ADI, MSFT, ASML |
| Q4 2025 | 64 | $352.9M | AMZN, MSFT, GOOGL, ADI, GOOG |
| Q3 2025 | 64 | $327.5M | MSFT, AMZN, GOOGL, ADI, TMO |
| Q2 2025 | 71 | $294.7M | MSFT, AMZN, ADI, GOOGL, HON |
| Q1 2025 | 72 | $279.1M | AMZN, MSFT, TMO, HON, ADI |
| Q4 2024 | 69 | $266.0M | AMZN, MSFT, HON, TMO, ADI |
| Q3 2024 | 67 | $262.6M | MSFT, AMZN, TMO, ADI, BRK.B |
| Q2 2024 | 64 | $249.9M | MSFT, AMZN, ADI, TMO, HON |
| Q1 2024 | 60 | $237.4M | MSFT, AMZN, TMO, HON, ADI |