Rational Advisors, Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 25, 2024), Rational Advisors, Inc. reported 185 stock positions worth $1000.0 million. Its top holding was iShares Core U.S. Aggregate (AGG) at 9.0% of the portfolio, followed by Vanguard Total Bond Market (BND, 9.0%) and SS SPDR P Agg Bond ETF (SPAB, 9.0%). Compared with Q1 2024, it opened 25 new positions, sold out of 45, added to 43 and reduced 106. The biggest buy was St Sr Utl SL SE SPDR ETF-Usd (XLU, shares +223%) and the biggest sale iShares MBS ETF (MBB, shares −53%).
- Most Recent 13F
- Q2 2026
- Location
- San Juan, PR
- CIK
- 0001143565
- Portfolio Value
- $1000.0M (Q2 2024)
- SEC Filing
- 0001162044-24-000738 ↗ filed Jul 25, 2024
Holdings Value
Holdings 185 stocks · $1000.0M
| AGG iShares Core U.S. Aggregate | 8.98% | 924,888 | $89.8M | Reduce -5.0% |
| BND Vanguard Total Bond Market | 8.98% | 1,246,052 | $89.8M | Reduce -5.2% |
| SPAB SS SPDR P Agg Bond ETF | 8.97% | 3,576,024 | $89.7M | Reduce -5.2% |
| AMLP Alerian MLP ETF | 6.15% | 1,281,676 | $61.5M | Reduce -6.5% |
| QQQM Invesco Nasdaq 100 ETF | 6.06% | 307,236 | $60.6M | Reduce -8.7% |
| IVV iShares Core S&P 500 ETF | 5.89% | 107,562 | $58.9M | Reduce -1.9% |
| NTSX Wisdomtree US Efficient Core | 5.60% | 1,275,588 | $56.0M | Add +1.5% |
| VIG Vanguard Dividend Apprec ETF | 4.93% | 270,136 | $49.3M | Reduce -15.7% |
| JEPI JPMorgan Equity Premium Inco | 4.39% | 775,108 | $43.9M | Reduce -5.9% |
| HYLB Xtrackers Usd High Yield Cor | 3.93% | 1,107,096 | $39.3M | Add +7.7% |
| SCHH Schwab US REIT ETF | 3.48% | 1,740,644 | $34.8M | Reduce -16.4% |
| PFFD Global X US Preferred ETF | 2.93% | 1,486,252 | $29.2M | Reduce -4.2% |
| DFCF Dimensional Core Fixed Inc. | 2.46% | 591,372 | $24.6M | Reduce -5.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.97% | 307,248 | $19.7M | Reduce -9.6% |
| VOO Vanguard S&P 500 ETF | 1.93% | 38,602 | $19.3M | Reduce -9.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.83% | 269,168 | $18.3M | Add +223.0% |
| SCHI Schwab 5-10 Year Corporate B | 1.47% | 333,512 | $14.7M | Reduce -5.5% |
| MBB iShares MBS ETF | 0.98% | 106,272 | $9.8M | Reduce -52.9% |
| AMZN Amazon.com Inc. | 0.96% | 49,574 | $9.6M | Reduce -29.1% |
| GOOGL Alphabet Inc. Class A | 0.68% | 37,200 | $6.8M | Add +81.5% |
| FORD MOTOR COMPANY (F 0 03/15/26) filed as FORD MTR CO DEL | 0.63% | 6,240,000 | $6.3M | Add +12.2% |
| DEXCOM INC (DXCM 0.25 11/15/25) | 0.62% | 6,190,000 | $6.2M | Add +11.9% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | 0.62% | 5,620,000 | $6.2M | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | 0.59% | 6,120,000 | $5.9M | No change |
| BKNG Booking Holdings Inc. | 0.55% | 1,400 | $5.5M | Add +14.7% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | 0.50% | 5,332,000 | $5.0M | No change |
| BAB Invesco Taxable Municipal Bo | 0.49% | 186,364 | $4.9M | Reduce -52.5% |
| AAPL Apple Inc. | 0.49% | 23,168 | $4.9M | Add +182.4% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | 0.49% | 5,156,000 | $4.9M | Add +41.4% |
| MSFT Microsoft Corp. | 0.47% | 10,586 | $4.7M | Reduce -0.9% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | 0.42% | 4,250,000 | $4.2M | No change |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | 0.42% | 5,020,000 | $4.2M | No change |
| ETSY INC (ETSY 0.25 06/15/28) | 0.41% | 5,200,000 | $4.1M | No change |
| META Meta Platforms Inc. Class A | 0.40% | 8,026 | $4.0M | Reduce -5.4% |
| LLY Eli Lilly & Co. | 0.36% | 4,009 | $3.6M | Add +6.9% |
| LYV Live Nation Entertainment Inc. | 0.35% | 37,850 | $3.5M | Add +11.8% |
| OKTA INC (OKTA 0.375 06/15/26) | 0.35% | 3,879,000 | $3.5M | Reduce -16.6% |
| UBER Uber Technologies Inc. | 0.35% | 48,600 | $3.5M | Add +16.8% |
| NFLX Netflix Inc. | 0.35% | 5,200 | $3.5M | Add +78.5% |
| APO Apollo Global Management Inc. | 0.35% | 29,500 | $3.5M | Reduce -0.7% |
| DKNG Draftkings Inc. Class A | 0.35% | 90,900 | $3.5M | Add +46.6% |
| CMG Chipotle Mexican Grill Inc. | 0.34% | 55,000 | $3.4M | New |
| COST Costco Wholesale Corp. | 0.34% | 4,039 | $3.4M | Add +4.5% |
| KKR KKR & Co. Inc. | 0.34% | 31,900 | $3.4M | Reduce -31.1% |
| ORLY O'reilly Automotive Inc. | 0.33% | 3,120 | $3.3M | Add +205.9% |
| BSX Boston Scientific Corp. | 0.29% | 37,700 | $2.9M | Add +31.4% |
| XOM Exxon Mobil Corp. | 0.28% | 24,078 | $2.8M | Add +28.0% |
| BX Blackstone Inc. | 0.26% | 21,000 | $2.6M | Reduce -18.0% |
| CYBR Cyberark Software Ltd./Israel | 0.24% | 8,800 | $2.4M | Add +18.9% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | 0.23% | 2,330,000 | $2.3M | Reduce -23.1% |
| MELI MercadoLibre Inc. | 0.23% | 1,400 | $2.3M | Reduce -15.9% |
| PROS HOLDINGS INC (PRO 2.25 09/15/27) | 0.21% | 2,211,000 | $2.1M | No change |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | 0.20% | 2,040,928 | $2.0M | Reduce -62.1% |
| HLT Hilton Worldwide Holdings Inc. | 0.19% | 8,510 | $1.9M | New |
| AVGO Broadcom Inc. | 0.18% | 1,139 | $1.8M | Add +107.1% |
| FRPT Freshpet Inc. | 0.17% | 13,500 | $1.7M | Reduce -28.6% |
| WIX LTD (WIX 0 08/15/25) filed as WIX COM LTD | 0.17% | 1,790,000 | $1.7M | Reduce -29.5% |
| SPOT Spotify Technology SA | 0.16% | 5,200 | $1.6M | New |
| NVDA Nvidia Corp. | 0.16% | 12,985 | $1.6M | Reduce -48.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.16% | 21,670 | $1.6M | Add +42.0% |
| TDG Transdigm Group Inc. | 0.15% | 1,200 | $1.5M | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | 0.15% | 1,605,000 | $1.5M | Reduce -58.8% |
| WIX Wix.com Ltd. | 0.14% | 9,100 | $1.4M | Add +28.2% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | 0.14% | 1,350,000 | $1.4M | New |
| COHR Coherent Corp. | 0.14% | 19,000 | $1.4M | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.12% | 2 | $1.2M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.12% | 2,976 | $1.2M | Reduce -23.9% |
| KBR KBR Inc. | 0.10% | 16,300 | $1.0M | Reduce -66.4% |
| OEF iShares S&P 100 ETF | 0.10% | 3,654 | $966K | Add +61.5% |
| SMH Vaneck Semiconductor ETF | 0.09% | 3,435 | $896K | Add +165.3% |
| JPM JPMorgan Chase & Co. | 0.09% | 4,307 | $871K | Add +186.8% |
| CHEGG INC (CHGG 0 09/01/26) | 0.08% | 1,067,000 | $844K | Reduce -48.1% |
| GOOG Alphabet Inc. Class C | 0.07% | 4,088 | $750K | Reduce -4.7% |
| XLK SS Technology Select Sector | 0.07% | 3,302 | $747K | Reduce -5.9% |
| FTEC Fidelity MSCI Info Tech Indx | 0.07% | 4,354 | $747K | Reduce -7.6% |
| VGT Vanguard Info Tech ETF | 0.07% | 1,294 | $746K | Reduce -7.6% |
| PETQ Petiq Inc. | 0.07% | 32,600 | $719K | New |
| MANU Manchester United PLC Class A | 0.07% | 42,500 | $686K | Reduce -50.0% |
| PETIQ INC (PETQ 4 06/01/26) | 0.07% | 635,000 | $676K | No change |
| QCOM Qualcomm Inc. | 0.06% | 3,060 | $609K | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.06% | 1,499 | $574K | New |
| SPYV SS SPDR P S&P 500 Value ETF | 0.06% | 11,453 | $558K | Reduce -61.8% |
| IVE iShares S&P 500 Value ETF | 0.06% | 3,059 | $557K | Reduce -62.3% |
| PANW Palo Alto Networks Inc. | 0.05% | 1,466 | $497K | New |
| JNJ Johnson & Johnson | 0.05% | 3,327 | $486K | Add +533.7% |
| UNH Unitedhealth Group Inc. | 0.04% | 787 | $401K | New |
| WMT Walmart Inc. | 0.04% | 5,540 | $375K | Add +109.5% |
| ASML ASML Holding NV-NY Reg SHS | 0.04% | 364 | $372K | New |
| PG The Procter & Gamble Co. | 0.03% | 1,935 | $319K | Add +191.9% |
| WFC Wells Fargo & Co. | 0.03% | 4,797 | $285K | Add +170.4% |
| HD Home Depot Inc. | 0.03% | 820 | $282K | Reduce -73.0% |
| TSLA Tesla Inc. | 0.03% | 1,340 | $265K | Add +240.1% |
| MRK Merck & Co. Inc. | 0.03% | 2,096 | $259K | New |
| ABBV Abbvie Inc. | 0.03% | 1,473 | $253K | New |
| CSCO Cisco Systems Inc. | 0.03% | 5,260 | $250K | Reduce -60.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.02% | 1,418 | $246K | Reduce -86.5% |
| ABT Abbott Laboratories | 0.02% | 2,367 | $246K | Add +439.2% |
| INTU Intuit Inc. | 0.02% | 371 | $244K | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.02% | 2,444 | $243K | Add +154.6% |
| AMD Advanced Micro Devices | 0.02% | 1,483 | $241K | Add +214.2% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $25.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 99,600 | $6.5M | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 5,400 | $6.4M | Add +5.9% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 5,248 | $6.3M | Add +6.1% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 150,700 | $6.3M | No change |
Total filed on the 13F, all lines: $1.0B.
Portfolio Sells Q1 2024 → Q2 2024
| MBB iShares MBS ETF | Reduce -52.9% | 0.98% | −1.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -15.7% | 4.93% | −0.62 |
| SCHH Schwab US REIT ETF | Reduce -16.4% | 3.48% | −0.53 |
| BAB Invesco Taxable Municipal Bo | Reduce -52.5% | 0.49% | −0.50 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.34 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.34 |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | Reduce -62.1% | 0.20% | −0.30 |
| AMZN Amazon.com Inc. | Reduce -29.1% | 0.96% | −0.24 |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | Sold out | 0.00% | −0.23 |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | Reduce -58.8% | 0.15% | −0.19 |
| KBR KBR Inc. | Reduce -66.4% | 0.10% | −0.19 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −0.17 |
| VOOV Vanguard S&P 500 Value ETF | Sold out | 0.00% | −0.14 |
| JEPI JPMorgan Equity Premium Inco | Reduce -5.9% | 4.39% | −0.13 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.12 |
| FVAL Fidelity Value Factor ETF | Sold out | 0.00% | −0.12 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -86.5% | 0.02% | −0.11 |
| KKR KKR & Co. Inc. | Reduce -31.1% | 0.34% | −0.11 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.10 |
| TW Tradeweb Markets Inc. Class A | Sold out | 0.00% | −0.10 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.09 |
| IVE iShares S&P 500 Value ETF | Reduce -62.3% | 0.06% | −0.09 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -61.8% | 0.06% | −0.09 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.08 |
| HD Home Depot Inc. | Reduce -73.0% | 0.03% | −0.08 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.08 |
| CHEGG INC (CHGG 0 09/01/26) | Reduce -48.1% | 0.08% | −0.08 |
| BND Vanguard Total Bond Market | Reduce -5.2% | 8.98% | −0.07 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −0.07 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -5.2% | 8.97% | −0.07 |
| AGG iShares Core U.S. Aggregate | Reduce -5.0% | 8.98% | −0.07 |
| BX Blackstone Inc. | Reduce -18.0% | 0.26% | −0.06 |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | Reduce -23.1% | 0.23% | −0.06 |
| WIX LTD (WIX 0 08/15/25) | Reduce -29.5% | 0.17% | −0.06 |
| NVDA Nvidia Corp. | Reduce -48.1% | 0.16% | −0.05 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.05 |
| OKTA INC (OKTA 0.375 06/15/26) | Reduce -16.6% | 0.35% | −0.05 |
| MANU Manchester United PLC Class A | Reduce -50.0% | 0.07% | −0.04 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.04 |
| RACE Ferrari NV | Sold out | 0.00% | −0.04 |
| IUSV iShares Core S&P U.S. Value | Sold out | 0.00% | −0.04 |
| PFFD Global X US Preferred ETF | Reduce -4.2% | 2.93% | −0.04 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -60.4% | 0.03% | −0.04 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.04 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -23.9% | 0.12% | −0.03 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.03 |
| TGT Target Corp. | Sold out | 0.00% | −0.03 |
| FRPT Freshpet Inc. | Reduce -28.6% | 0.17% | −0.03 |
Portfolio Buys Q1 2024 → Q2 2024
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +223.0% | 1.83% | +1.32 |
| NTSX Wisdomtree US Efficient Core | Add +1.5% | 5.60% | +0.57 |
| HYLB Xtrackers Usd High Yield Cor | Add +7.7% | 3.93% | +0.44 |
| GOOGL Alphabet Inc. Class A | Add +81.5% | 0.68% | +0.38 |
| AAPL Apple Inc. | Add +182.4% | 0.49% | +0.35 |
| CMG Chipotle Mexican Grill Inc. | New | 0.34% | +0.34 |
| ORLY O'reilly Automotive Inc. | Add +205.9% | 0.33% | +0.22 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.19% | +0.19 |
| NFLX Netflix Inc. | Add +78.5% | 0.35% | +0.18 |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | Add +41.4% | 0.49% | +0.17 |
| SPOT Spotify Technology SA | New | 0.16% | +0.16 |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | New | 0.14% | +0.14 |
| COHR Coherent Corp. | New | 0.14% | +0.14 |
| BKNG Booking Holdings Inc. | Add +14.7% | 0.55% | +0.13 |
| AVGO Broadcom Inc. | Add +107.1% | 0.18% | +0.11 |
| BSX Boston Scientific Corp. | Add +31.4% | 0.29% | +0.10 |
| LLY Eli Lilly & Co. | Add +6.9% | 0.36% | +0.09 |
| FORD MOTOR COMPANY (F 0 03/15/26) | Add +12.2% | 0.63% | +0.08 |
| DKNG Draftkings Inc. Class A | Add +46.6% | 0.35% | +0.08 |
| COST Costco Wholesale Corp. | Add +4.5% | 0.34% | +0.07 |
| PETQ Petiq Inc. | New | 0.07% | +0.07 |
| XOM Exxon Mobil Corp. | Add +28.0% | 0.28% | +0.07 |
| SMH Vaneck Semiconductor ETF | Add +165.3% | 0.09% | +0.06 |
| QCOM Qualcomm Inc. | New | 0.06% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +186.8% | 0.09% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.06% | +0.06 |
| CYBR Cyberark Software Ltd./Israel | Add +18.9% | 0.24% | +0.05 |
| WIX Wix.com Ltd. | Add +28.2% | 0.14% | +0.05 |
| IEFA iShares Core MSCI Eafe ETF | Add +42.0% | 0.16% | +0.05 |
| PANW Palo Alto Networks Inc. | New | 0.05% | +0.05 |
| UBER Uber Technologies Inc. | Add +16.8% | 0.35% | +0.05 |
| OEF iShares S&P 100 ETF | Add +61.5% | 0.10% | +0.04 |
| DEXCOM INC (DXCM 0.25 11/15/25) | Add +11.9% | 0.62% | +0.04 |
| JNJ Johnson & Johnson | Add +533.7% | 0.05% | +0.04 |
| UNH Unitedhealth Group Inc. | New | 0.04% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.04% | +0.04 |
| MRK Merck & Co. Inc. | New | 0.03% | +0.03 |
| ABBV Abbvie Inc. | New | 0.03% | +0.03 |
| INTU Intuit Inc. | New | 0.02% | +0.02 |
| WMT Walmart Inc. | Add +109.5% | 0.04% | +0.02 |
| DHR Danaher Corp. | New | 0.02% | +0.02 |
| PG The Procter & Gamble Co. | Add +191.9% | 0.03% | +0.02 |
| PFE Pfizer Inc. | New | 0.02% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | New | 0.02% | +0.02 |
| PEP Pepsico Inc. | New | 0.02% | +0.02 |
| ABT Abbott Laboratories | Add +439.2% | 0.02% | +0.02 |
| TSLA Tesla Inc. | Add +240.1% | 0.03% | +0.02 |
| V Visa Inc. Class A | New | 0.02% | +0.02 |
| WFC Wells Fargo & Co. | Add +170.4% | 0.03% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | New | 0.02% | +0.02 |
Notes & Other Activity Q1 2024 → Q2 2024
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +5.9% | 5,400 | $6.4M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +6.1% | 5,248 | $6.3M |
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 |