Rational Advisors, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 23, 2024), Rational Advisors, Inc. reported 204 stock positions worth $1.1 billion. Its top holding was Vanguard Total Bond Market (BND) at 9.1% of the portfolio, followed by iShares Core U.S. Aggregate (AGG, 9.0%) and SS SPDR P Agg Bond ETF (SPAB, 9.0%). Compared with Q4 2023, it opened 40 new positions, sold out of 23, added to 17 and reduced 87. The biggest buy was a new position in Vanguard Total Bond Market (BND) and the biggest sale an exit from Schwab US Aggregate Bond ETF (SCHZ).
- Most Recent 13F
- Q2 2026
- Location
- San Juan, PR
- CIK
- 0001143565
- Portfolio Value
- $1.1B (Q1 2024)
- SEC Filing
- 0001162044-24-000402 ↗ filed Apr 23, 2024
Holdings Value
Holdings 204 stocks · $1.1B
| BND Vanguard Total Bond Market | 9.05% | 1,313,739 | $95.4M | New |
| AGG iShares Core U.S. Aggregate | 9.05% | 973,864 | $95.4M | Reduce -3.9% |
| SPAB SS SPDR P Agg Bond ETF | 9.04% | 3,771,284 | $95.3M | New |
| AMLP Alerian MLP ETF | 6.17% | 1,370,926 | $65.1M | Reduce -6.1% |
| QQQM Invesco Nasdaq 100 ETF | 5.83% | 336,613 | $61.5M | New |
| VIG Vanguard Dividend Apprec ETF | 5.55% | 320,269 | $58.5M | Reduce -10.3% |
| IVV iShares Core S&P 500 ETF | 5.47% | 109,601 | $57.6M | Reduce -8.3% |
| NTSX Wisdomtree US Efficient Core | 5.03% | 1,256,568 | $53.1M | Reduce -2.6% |
| JEPI JPMorgan Equity Premium Inco | 4.52% | 823,543 | $47.7M | Reduce -16.0% |
| SCHH Schwab US REIT ETF | 4.01% | 2,081,886 | $42.3M | Add +49.2% |
| HYLB Xtrackers Usd High Yield Cor | 3.48% | 1,027,792 | $36.7M | New |
| PFFD Global X US Preferred ETF | 2.97% | 1,550,666 | $31.3M | Reduce -30.8% |
| DFCF Dimensional Core Fixed Inc. | 2.48% | 624,190 | $26.2M | Reduce -31.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.98% | 339,880 | $20.9M | New |
| MBB iShares MBS ETF | 1.98% | 225,492 | $20.8M | Add +92.2% |
| VOO Vanguard S&P 500 ETF | 1.94% | 42,485 | $20.4M | Reduce -13.3% |
| SCHI Schwab 5-10 Year Corporate B | 1.49% | 352,947 | $15.7M | New |
| AMZN Amazon.com Inc. | 1.20% | 69,967 | $12.6M | New |
| BAB Invesco Taxable Municipal Bo | 0.99% | 392,160 | $10.4M | Reduce -36.9% |
| DEXCOM INC (DXCM 0.25 11/15/25) | 0.58% | 5,530,000 | $6.1M | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | 0.56% | 6,120,000 | $5.9M | New |
| FORD MOTOR COMPANY (F 0 03/15/26) filed as FORD MTR CO DEL | 0.55% | 5,560,000 | $5.7M | Add +98.6% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | 0.54% | 5,620,000 | $5.6M | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.52% | 83,338 | $5.5M | New |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | 0.49% | 5,380,928 | $5.2M | No change |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | 0.48% | 5,332,000 | $5.1M | No change |
| KKR KKR & Co. Inc. | 0.44% | 46,300 | $4.7M | Add +32.3% |
| MSFT Microsoft Corp. | 0.43% | 10,680 | $4.5M | Reduce -17.2% |
| BKNG Booking Holdings Inc. | 0.42% | 1,221 | $4.4M | Reduce -0.6% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | 0.41% | 5,020,000 | $4.3M | Add +66.2% |
| OKTA INC (OKTA 0.375 06/15/26) | 0.40% | 4,649,000 | $4.3M | No change |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | 0.40% | 4,250,000 | $4.2M | New |
| META Meta Platforms Inc. Class A | 0.39% | 8,487 | $4.1M | Reduce -20.8% |
| ETSY INC (ETSY 0.25 06/15/28) | 0.39% | 5,200,000 | $4.1M | Reduce -14.6% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | 0.34% | 3,895,000 | $3.6M | Reduce -36.4% |
| LYV Live Nation Entertainment Inc. | 0.34% | 33,850 | $3.6M | Reduce -20.1% |
| CRM Salesforce Inc. | 0.34% | 11,799 | $3.6M | Add +1454.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.34% | 35,025 | $3.6M | New |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | 0.32% | 3,646,000 | $3.4M | New |
| BX Blackstone Inc. | 0.32% | 25,600 | $3.4M | Add +50.6% |
| APO Apollo Global Management Inc. | 0.32% | 29,700 | $3.3M | No change |
| UBER Uber Technologies Inc. | 0.30% | 41,600 | $3.2M | Add +2.2% |
| GOOGL Alphabet Inc. Class A | 0.29% | 20,493 | $3.1M | Add +12.7% |
| KBR KBR Inc. | 0.29% | 48,500 | $3.1M | Add +33.6% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | 0.29% | 3,030,000 | $3.1M | Add +94.2% |
| LLY Eli Lilly & Co. | 0.28% | 3,750 | $2.9M | New |
| COST Costco Wholesale Corp. | 0.27% | 3,865 | $2.8M | Reduce -14.3% |
| DKNG Draftkings Inc. Class A | 0.27% | 62,000 | $2.8M | Reduce -13.9% |
| MELI MercadoLibre Inc. | 0.24% | 1,665 | $2.5M | Reduce -54.9% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | 0.23% | 2,493,000 | $2.5M | No change |
| PROS HOLDINGS INC (PRO 2.25 09/15/27) | 0.23% | 2,211,000 | $2.4M | No change |
| WIX LTD (WIX 0 08/15/25) filed as WIX COM LTD | 0.22% | 2,540,000 | $2.3M | No change |
| NVDA Nvidia Corp. | 0.21% | 2,503 | $2.3M | Add +25.4% |
| FRPT Freshpet Inc. | 0.21% | 18,900 | $2.2M | New |
| XOM Exxon Mobil Corp. | 0.21% | 18,813 | $2.2M | Add +3088.6% |
| BSX Boston Scientific Corp. | 0.19% | 28,700 | $2.0M | New |
| CYBR Cyberark Software Ltd./Israel | 0.19% | 7,400 | $2.0M | New |
| NFLX Netflix Inc. | 0.17% | 2,914 | $1.8M | Add +727.8% |
| BLDR Builders Firstsource Inc. | 0.17% | 8,465 | $1.8M | New |
| CHEGG INC (CHGG 0 09/01/26) | 0.16% | 2,057,000 | $1.7M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 3,911 | $1.6M | New |
| VOOV Vanguard S&P 500 Value ETF | 0.14% | 8,409 | $1.5M | Reduce -27.1% |
| IVE iShares S&P 500 Value ETF | 0.14% | 8,113 | $1.5M | Reduce -27.3% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.14% | 29,974 | $1.5M | Reduce -27.9% |
| TDG Transdigm Group Inc. | 0.14% | 1,200 | $1.5M | Reduce -42.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.14% | 10,500 | $1.4M | New |
| AAPL Apple Inc. | 0.13% | 8,203 | $1.4M | Reduce -60.2% |
| DHI D.R. Horton Inc. | 0.12% | 7,800 | $1.3M | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.12% | 2 | $1.3M | New |
| FVAL Fidelity Value Factor ETF | 0.12% | 21,393 | $1.2M | Reduce -28.0% |
| MANU Manchester United PLC Class A | 0.11% | 85,000 | $1.2M | Add +146.4% |
| HD Home Depot Inc. | 0.11% | 3,036 | $1.2M | Add +745.7% |
| ORLY O'reilly Automotive Inc. | 0.11% | 1,020 | $1.2M | Add +43.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.11% | 15,264 | $1.1M | Reduce -63.0% |
| LEN Lennar Corp. Class A | 0.10% | 6,125 | $1.1M | New |
| TW Tradeweb Markets Inc. Class A | 0.10% | 9,700 | $1.0M | New |
| WIX Wix.com Ltd. | 0.09% | 7,100 | $976K | New |
| ISRG Intuitive Surgical Inc. | 0.09% | 2,400 | $958K | New |
| KMX Carmax Inc. | 0.08% | 10,200 | $889K | New |
| ANET Arista Networks Inc. | 0.08% | 2,900 | $841K | New |
| IYW iShares Ustechnology ETF | 0.07% | 5,478 | $740K | Reduce -29.9% |
| FTEC Fidelity MSCI Info Tech Indx | 0.07% | 4,712 | $734K | Reduce -29.4% |
| VGT Vanguard Info Tech ETF | 0.07% | 1,400 | $734K | Reduce -29.4% |
| XLK SS Technology Select Sector | 0.07% | 3,509 | $731K | Reduce -29.1% |
| AVGO Broadcom Inc. | 0.07% | 550 | $729K | Reduce -41.5% |
| CSCO Cisco Systems Inc. | 0.06% | 13,267 | $662K | Reduce -12.8% |
| GOOG Alphabet Inc. Class C | 0.06% | 4,291 | $653K | Reduce -21.3% |
| PETIQ INC (PETQ 4 06/01/26) | 0.06% | 635,000 | $630K | No change |
| OEF iShares S&P 100 ETF | 0.05% | 2,263 | $560K | Reduce -35.0% |
| MO Altria Group Inc. | 0.05% | 12,420 | $542K | Reduce -20.7% |
| AMGN Amgen Inc. | 0.04% | 1,543 | $439K | New |
| RACE Ferrari NV | 0.04% | 1,000 | $436K | New |
| IUSV iShares Core S&P U.S. Value | 0.04% | 4,761 | $431K | Reduce -27.1% |
| AMAT Applied Materials Inc. | 0.04% | 2,036 | $420K | Reduce -38.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.04% | 2,082 | $398K | Reduce -34.8% |
| LRCX Lam Research Corp. | 0.04% | 402 | $391K | Reduce -40.5% |
| GILD Gilead Sciences Inc. | 0.04% | 5,245 | $384K | Reduce -17.2% |
| MCD McDonald's Corp. | 0.03% | 1,299 | $366K | Reduce -24.3% |
| TGT Target Corp. | 0.03% | 2,000 | $354K | New |
| EBAY eBay Inc. | 0.03% | 5,856 | $309K | Reduce -32.4% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $24.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 99,600 | $6.3M | Reduce -9.3% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 5,100 | $6.2M | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 4,948 | $5.9M | New |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 150,700 | $5.9M | Reduce -6.3% |
Total filed on the 13F, all lines: $1.1B.
Portfolio Sells Q4 2023 → Q1 2024
| SCHZ Schwab US Aggregate Bond ETF | Sold out | 0.00% | −10.42 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −6.84 |
| VCIT Vanguard Int-Term Corporate | Sold out | 0.00% | −3.44 |
| SCHX Schwab US Large-Cap ETF | Sold out | 0.00% | −2.26 |
| FUTY Fidelity MSCI US Utilities | Sold out | 0.00% | −2.26 |
| PFFD Global X US Preferred ETF | Reduce -30.8% | 2.97% | −1.55 |
| DFCF Dimensional Core Fixed Inc. | Reduce -31.3% | 2.48% | −1.51 |
| AGG iShares Core U.S. Aggregate | Reduce -3.9% | 9.05% | −1.39 |
| JEPI JPMorgan Equity Premium Inco | Reduce -16.0% | 4.52% | −1.07 |
| VIG Vanguard Dividend Apprec ETF | Reduce -10.3% | 5.55% | −0.77 |
| BAB Invesco Taxable Municipal Bo | Reduce -36.9% | 0.99% | −0.75 |
| SPLUNK INC (SPLK 1.125 06/15/27) | Sold out | 0.00% | −0.58 |
| USHY iShares Broad Usd High Yield | Sold out | 0.00% | −0.57 |
| IVV iShares Core S&P 500 ETF | Reduce -8.3% | 5.47% | −0.46 |
| ALTERYX INC (AYX 1 08/01/26) | Sold out | 0.00% | −0.43 |
| MELI MercadoLibre Inc. | Reduce -54.9% | 0.24% | −0.36 |
| CYBERARK SOFTWARE LTD (CYBR 0 11/15/24) | Sold out | 0.00% | −0.32 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.31 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.28 |
| VOO Vanguard S&P 500 ETF | Reduce -13.3% | 1.94% | −0.28 |
| AAPL Apple Inc. | Reduce -60.2% | 0.13% | −0.28 |
| AMLP Alerian MLP ETF | Reduce -6.1% | 6.17% | −0.27 |
| NKE Nike Inc. Class B | Reduce -96.6% | 0.01% | −0.26 |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | Reduce -36.4% | 0.34% | −0.26 |
| NTSX Wisdomtree US Efficient Core | Reduce -2.6% | 5.03% | −0.23 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.22 |
| NET Cloudflare Inc. Class A | Sold out | 0.00% | −0.20 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.20 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -63.0% | 0.11% | −0.19 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.17 |
| ATI Ati Inc. | Sold out | 0.00% | −0.16 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.13 |
| ETSY INC (ETSY 0.25 06/15/28) | Reduce -14.6% | 0.39% | −0.12 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.11 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.10 |
| TDG Transdigm Group Inc. | Reduce -42.9% | 0.14% | −0.08 |
| MSFT Microsoft Corp. | Reduce -17.2% | 0.43% | −0.08 |
| NTNX Nutanix Inc. Class A | Sold out | 0.00% | −0.08 |
| LYV Live Nation Entertainment Inc. | Reduce -20.1% | 0.34% | −0.07 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -27.9% | 0.14% | −0.06 |
| IVE iShares S&P 500 Value ETF | Reduce -27.3% | 0.14% | −0.06 |
| VOOV Vanguard S&P 500 Value ETF | Reduce -27.1% | 0.14% | −0.06 |
| FVAL Fidelity Value Factor ETF | Reduce -28.0% | 0.12% | −0.05 |
| TSLA Tesla Inc. | Reduce -80.1% | 0.01% | −0.04 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -14.3% | 0.27% | −0.04 |
| AVGO Broadcom Inc. | Reduce -41.5% | 0.07% | −0.04 |
| BKNG Booking Holdings Inc. | Reduce -0.6% | 0.42% | −0.03 |
| VGT Vanguard Info Tech ETF | Reduce -29.4% | 0.07% | −0.03 |
| FTEC Fidelity MSCI Info Tech Indx | Reduce -29.4% | 0.07% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| BND Vanguard Total Bond Market | New | 9.05% | +9.05 |
| SPAB SS SPDR P Agg Bond ETF | New | 9.04% | +9.04 |
| QQQM Invesco Nasdaq 100 ETF | New | 5.83% | +5.83 |
| HYLB Xtrackers Usd High Yield Cor | New | 3.48% | +3.48 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 1.98% | +1.98 |
| SCHI Schwab 5-10 Year Corporate B | New | 1.49% | +1.49 |
| AMZN Amazon.com Inc. | New | 1.20% | +1.20 |
| SCHH Schwab US REIT ETF | Add +49.2% | 4.01% | +1.01 |
| MBB iShares MBS ETF | Add +92.2% | 1.98% | +0.83 |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | New | 0.56% | +0.56 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.52% | +0.52 |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | New | 0.40% | +0.40 |
| TJX TJX Companies Inc. | New | 0.34% | +0.34 |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | New | 0.32% | +0.32 |
| CRM Salesforce Inc. | Add +1454.5% | 0.34% | +0.32 |
| LLY Eli Lilly & Co. | New | 0.28% | +0.28 |
| FORD MOTOR COMPANY (F 0 03/15/26) | Add +98.6% | 0.55% | +0.26 |
| FRPT Freshpet Inc. | New | 0.21% | +0.21 |
| XOM Exxon Mobil Corp. | Add +3088.6% | 0.21% | +0.20 |
| BSX Boston Scientific Corp. | New | 0.19% | +0.19 |
| CYBR Cyberark Software Ltd./Israel | New | 0.19% | +0.19 |
| BLDR Builders Firstsource Inc. | New | 0.17% | +0.17 |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | Add +66.2% | 0.41% | +0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.16% | +0.16 |
| NFLX Netflix Inc. | Add +727.8% | 0.17% | +0.15 |
| KKR KKR & Co. Inc. | Add +32.3% | 0.44% | +0.14 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.14% | +0.14 |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | Add +94.2% | 0.29% | +0.13 |
| DHI D.R. Horton Inc. | New | 0.12% | +0.12 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.12% | +0.12 |
| NVDA Nvidia Corp. | Add +25.4% | 0.21% | +0.11 |
| LEN Lennar Corp. Class A | New | 0.10% | +0.10 |
| HD Home Depot Inc. | Add +745.7% | 0.11% | +0.10 |
| TW Tradeweb Markets Inc. Class A | New | 0.10% | +0.10 |
| WIX Wix.com Ltd. | New | 0.09% | +0.09 |
| ISRG Intuitive Surgical Inc. | New | 0.09% | +0.09 |
| BX Blackstone Inc. | Add +50.6% | 0.32% | +0.09 |
| KMX Carmax Inc. | New | 0.08% | +0.08 |
| KBR KBR Inc. | Add +33.6% | 0.29% | +0.08 |
| ANET Arista Networks Inc. | New | 0.08% | +0.08 |
| UBER Uber Technologies Inc. | Add +2.2% | 0.30% | +0.04 |
| AMGN Amgen Inc. | New | 0.04% | +0.04 |
| RACE Ferrari NV | New | 0.04% | +0.04 |
| MANU Manchester United PLC Class A | Add +146.4% | 0.11% | +0.04 |
| ORLY O'reilly Automotive Inc. | Add +43.7% | 0.11% | +0.04 |
| TGT Target Corp. | New | 0.03% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +12.7% | 0.29% | +0.03 |
| BAC Bank of America Corp. | New | 0.01% | +0.01 |
| AMD Advanced Micro Devices | New | 0.01% | +0.01 |
| JNJ Johnson & Johnson | New | 0.01% | +0.01 |
Notes & Other Activity Q4 2023 → Q1 2024
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -9.3% | 99,600 | $6.3M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | New | 4,948 | $5.9M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -6.3% | 150,700 | $5.9M |
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 | 187 | $1.0B | AGG, BND, SCHZ, IVV, MLPX |
| Q1 2026 | 171 | $919.0M | SCHZ, AGG, BND, NTSX, MLPX |
| Q4 2025 | 176 | $918.2M | BND, AGG, SPAB, MLPX, IVV |
| Q3 2025 | 185 | $958.5M | SPAB, BND, AGG, QQQM, MLPX |
| Q2 2025 | 185 | $963.5M | BND, SPAB, AGG, MLPX, QQQM |
| Q1 2025 | 110 | $953.7M | BND, SPAB, AGG, IVV, MLPX |
| Q4 2024 | 99 | $986.3M | BND, AGG, SPAB, IVV, QQQM |
| Q3 2024 | 165 | $1.0B | BND, SPAB, AGG, QQQM, AMLP |
| Q2 2024 | 185 | $1000.0M | AGG, BND, SPAB, AMLP, QQQM |
| Q1 2024 | 204 | $1.1B | BND, AGG, SPAB, AMLP, QQQM |