Phraction Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 24, 2026), Phraction Management LLC reported 61 stock positions worth $362.5 million. Its top holding was Amazon.com (AMZN) at 8.2% of the portfolio, followed by Alphabet Class A (GOOGL, 7.1%) and Analog Devices (ADI, 6.7%). Compared with Q4 2025, it opened 6 new positions, sold out of 9, added to 28 and reduced 12. The biggest buy was Transdigm (TDG, shares +269%) and the biggest sale Bank of America (BAC, shares −35%).
- Most Recent 13F
- Q2 2026
- Location
- COLCHESTER, CT
- CIK
- 0001907803
- Portfolio Value
- $362.5M (Q1 2026)
- SEC Filing
- 0002085853-26-000477 ↗ filed Apr 24, 2026
Holdings Value
Holdings 61 stocks · $362.5M
| AMZN Amazon.com Inc. | 8.24% | 143,428 | $29.9M | Add +15.5% |
| GOOGL Alphabet Inc. Class A | 7.07% | 89,158 | $25.6M | Add +0.1% |
| ADI Analog Devices Inc. | 6.72% | 76,630 | $24.4M | Add +0.7% |
| MSFT Microsoft Corp. | 6.43% | 62,928 | $23.3M | Add +7.1% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 5.23% | 14,360 | $19.0M | Add +0.7% |
| GOOG Alphabet Inc. Class C | 4.58% | 57,904 | $16.6M | Add +0.9% |
| TMO Thermo Fisher Scientific Inc. | 4.40% | 32,445 | $15.9M | Add +4.7% |
| DHR Danaher Corp. | 4.18% | 79,844 | $15.1M | Add +21.4% |
| HON Honeywell International Inc. | 3.80% | 61,008 | $13.8M | Add +0.1% |
| ENTG Entegris Inc. | 3.44% | 106,464 | $12.5M | Reduce -0.9% |
| LIN Linde PLC | 3.31% | 24,170 | $12.0M | Add +0.1% |
| SPGI S&P Global Inc. | 3.06% | 26,071 | $11.1M | Add +11.3% |
| RTX RTX Corp. | 3.05% | 57,260 | $11.0M | Reduce -11.5% |
| PHYS Sprott Physical Gold Trust | 2.60% | 266,467 | $9.4M | Add +13.2% |
| TDG Transdigm Group Inc. | 2.45% | 7,665 | $8.9M | Add +268.7% |
| V Visa Inc. Class A | 2.43% | 29,157 | $8.8M | Add +42.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.38% | 18,040 | $8.6M | Add +2.8% |
| WMB Williams Cos Inc. | 2.22% | 110,505 | $8.0M | No change |
| AMAT Applied Materials Inc. | 2.03% | 21,494 | $7.3M | Reduce -21.4% |
| BDX Becton Dickinson and Co. | 2.01% | 46,348 | $7.3M | Add +2.8% |
| TDY Teledyne Technologies Inc. | 1.99% | 11,944 | $7.2M | Add +0.2% |
| TXN Texas Instruments Inc. | 1.69% | 31,614 | $6.1M | Reduce -2.2% |
| ICE Intercontinental Exchange Inc. | 1.64% | 37,697 | $5.9M | Add +2.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.53% | 114,048 | $5.6M | Reduce -35.0% |
| SNPS Synopsys Inc. | 1.51% | 13,787 | $5.5M | Add +4.1% |
| LRCX Lam Research Corp. | 1.30% | 21,974 | $4.7M | Reduce -2.2% |
| PM Philip Morris International | 1.20% | 26,369 | $4.4M | Add +0.8% |
| FERG Ferguson Enterprises Inc. | 1.19% | 18,435 | $4.3M | No change |
| META Meta Platforms Inc. Class A | 1.01% | 6,386 | $3.7M | Add +126.2% |
| IBIT iShares Bitcoin Trust ETF | 0.80% | 75,200 | $2.9M | Add +35.3% |
| BSX Boston Scientific Corp. | 0.63% | 36,608 | $2.3M | New |
| PEP Pepsico Inc. | 0.63% | 14,666 | $2.3M | Add +7.0% |
| MKTW Marketwise Inc. | 0.51% | 98,316 | $1.8M | Reduce -12.3% |
| NVDA Nvidia Corp. | 0.38% | 8,000 | $1.4M | No change |
| GDX Vaneck Gold Miners ETF | 0.35% | 13,770 | $1.3M | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.34% | 13,538 | $1.2M | New |
| BN Brookfield Corp. | 0.34% | 30,172 | $1.2M | Reduce -32.8% |
| ETN Eaton Corp. PLC | 0.32% | 3,238 | $1.2M | Add +48.3% |
| RSP Invesco S&P 500 Equal Weight | 0.31% | 5,896 | $1.1M | Add +0.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.25% | 12,062 | $906K | Add +0.8% |
| AAPL Apple Inc. | 0.24% | 3,499 | $888K | Reduce -0.0% |
| MOAT Vaneck Morningstar Wide Moat | 0.24% | 9,095 | $879K | No change |
| EPD Enterprise Products Partners | 0.23% | 22,209 | $840K | Add +4.3% |
| SPGP Invesco S&P 500 Garp ETF | 0.20% | 6,710 | $722K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.19% | 1,054 | $685K | Reduce -6.6% |
| IHI iShares U.S. Medical Devices | 0.16% | 11,091 | $592K | No change |
| ASHR Xtrackers Harvest Csi 300 CH | 0.16% | 17,610 | $575K | No change |
| INDA iShares MSCI India ETF | 0.13% | 10,196 | $478K | Add +61.7% |
| FMX Fomento Economico Mex-SP ADR | 0.12% | 3,955 | $439K | No change |
| HD Home Depot Inc. | 0.11% | 1,235 | $406K | No change |
| NOC Northrop Grumman Corp. | 0.11% | 570 | $389K | Reduce -63.7% |
| SGHC Super Group SGHC Ltd. | 0.09% | 30,031 | $324K | No change |
| NOBL Proshares S&P 500 Dividend A | 0.09% | 2,935 | $311K | New |
| AVGO Broadcom Inc. | 0.09% | 1,000 | $310K | No change |
| REGN Regeneron Pharmaceuticals | 0.08% | 367 | $284K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.07% | 425 | $245K | New |
| FE Firstenergy Corp. | 0.06% | 4,580 | $232K | Reduce -84.0% |
| MARA Mara Holdings Inc. | 0.06% | 25,000 | $204K | No change |
| SUIG Sui Group Holdings Ltd. | 0.01% | 32,060 | $39K | No change |
| SPLASH BEVERAGE GROUP INC | 0.01% | 70,000 | $25K | New |
| GUTS Fractyl Health Inc. | 0.01% | 41,000 | $19K | New |
Options reported separately and not counted above: SPY puts ($97.6M).
Other holdings (3): bonds, preferreds, convertibles and warrants · $22.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 12,225 | $14.6M | Add +16.0% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 6,437 | $7.4M | Add +26.2% |
| ENERGY TRANSFER LP (ET 9.25 PERP I) | 9.250% FXD PFD I | 68,700 | $795K | New |
Total filed on the 13F, all lines: $385.3M.
Portfolio Sells Q4 2025 → Q1 2026
| BAC Bank of America Corp. | Reduce -35.0% | 1.53% | −1.20 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.58 |
| ALC Alcon Inc. | Sold out | 0.00% | −0.35 |
| RTX RTX Corp. | Reduce -11.5% | 3.05% | −0.32 |
| FE Firstenergy Corp. | Reduce -84.0% | 0.06% | −0.30 |
| BN Brookfield Corp. | Reduce -32.8% | 0.34% | −0.25 |
| NOC Northrop Grumman Corp. | Reduce -63.7% | 0.11% | −0.15 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.13 |
| UL Unilever PLC-Sponsored ADR | Sold out | 0.00% | −0.10 |
| CVNA Carvana Co. | Sold out | 0.00% | −0.08 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.07 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.07 |
| EMLC Vaneck JPM Em Local Curr BND | Sold out | 0.00% | −0.06 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -6.6% | 0.19% | −0.03 |
| AAPL Apple Inc. | Reduce -0.0% | 0.24% | −0.02 |
| MKTW Marketwise Inc. | Reduce -12.3% | 0.51% | +0.03 |
| AMAT Applied Materials Inc. | Reduce -21.4% | 2.03% | +0.03 |
| TXN Texas Instruments Inc. | Reduce -2.2% | 1.69% | +0.10 |
| LRCX Lam Research Corp. | Reduce -2.2% | 1.30% | +0.20 |
| ENTG Entegris Inc. | Reduce -0.9% | 3.44% | +0.88 |
Portfolio Buys Q4 2025 → Q1 2026
| TDG Transdigm Group Inc. | Add +268.7% | 2.45% | +1.67 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.7% | 5.23% | +0.91 |
| ADI Analog Devices Inc. | Add +0.7% | 6.72% | +0.87 |
| BSX Boston Scientific Corp. | New | 0.63% | +0.63 |
| META Meta Platforms Inc. Class A | Add +126.2% | 1.01% | +0.48 |
| HON Honeywell International Inc. | Add +0.1% | 3.80% | +0.44 |
| PHYS Sprott Physical Gold Trust | Add +13.2% | 2.60% | +0.40 |
| V Visa Inc. Class A | Add +42.2% | 2.43% | +0.39 |
| LIN Linde PLC | Add +0.1% | 3.31% | +0.39 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.34% | +0.34 |
| TDY Teledyne Technologies Inc. | Add +0.2% | 1.99% | +0.27 |
| ETN Eaton Corp. PLC | Add +48.3% | 0.32% | +0.12 |
| AMZN Amazon.com Inc. | Add +15.5% | 8.24% | +0.12 |
| NOBL Proshares S&P 500 Dividend A | New | 0.09% | +0.09 |
| PEP Pepsico Inc. | Add +7.0% | 0.63% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.07% | +0.07 |
| EPD Enterprise Products Partners | Add +4.3% | 0.23% | +0.04 |
| INDA iShares MSCI India ETF | Add +61.7% | 0.13% | +0.04 |
| IBIT iShares Bitcoin Trust ETF | Add +35.3% | 0.80% | +0.01 |
| PM Philip Morris International | Add +0.8% | 1.20% | +0.01 |
| SPLASH BEVERAGE GROUP INC | New | 0.01% | +0.01 |
| GUTS Fractyl Health Inc. | New | 0.01% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.8% | 0.25% | +0.00 |
| RSP Invesco S&P 500 Equal Weight | Add +0.7% | 0.31% | −0.01 |
| ICE Intercontinental Exchange Inc. | Add +2.1% | 1.64% | −0.06 |
| DHR Danaher Corp. | Add +21.4% | 4.18% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.8% | 2.38% | −0.12 |
| SNPS Synopsys Inc. | Add +4.1% | 1.51% | −0.26 |
| SPGI S&P Global Inc. | Add +11.3% | 3.06% | −0.41 |
| BDX Becton Dickinson and Co. | Add +2.8% | 2.01% | −0.47 |
| GOOG Alphabet Inc. Class C | Add +0.9% | 4.58% | −0.52 |
| TMO Thermo Fisher Scientific Inc. | Add +4.7% | 4.40% | −0.69 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 7.07% | −0.83 |
| MSFT Microsoft Corp. | Add +7.1% | 6.43% | −1.63 |
Notes & Other Activity Q4 2025 → Q1 2026
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +16.0% | 12,225 | $14.6M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +26.2% | 6,437 | $7.4M |
| ENERGY TRANSFER LP (ET 9.25 PERP I) | 9.250% FXD PFD I | New | 68,700 | $795K |
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 |