Rational Advisors, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 30, 2024), Rational Advisors, Inc. reported 165 stock positions worth $1.0 billion. Its top holding was Vanguard Total Bond Market (BND) at 9.0% of the portfolio, followed by SS SPDR P Agg Bond ETF (SPAB, 9.0%) and iShares Core U.S. Aggregate (AGG, 8.9%). Compared with Q2 2024, it opened 16 new positions, sold out of 36, added to 33 and reduced 106. The biggest buy was St Sr Utl SL SE SPDR ETF-Usd (XLU, shares +44%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- San Juan, PR
- CIK
- 0001143565
- Portfolio Value
- $1.0B (Q3 2024)
- SEC Filing
- 0001162044-24-001178 ↗ filed Oct 30, 2024
Holdings Value
Holdings 165 stocks · $1.0B
| BND Vanguard Total Bond Market | 8.95% | 1,205,695 | $90.6M | Reduce -3.2% |
| SPAB SS SPDR P Agg Bond ETF | 8.95% | 3,463,260 | $90.5M | Reduce -3.1% |
| AGG iShares Core U.S. Aggregate | 8.95% | 893,650 | $90.5M | Reduce -3.4% |
| QQQM Invesco Nasdaq 100 ETF | 5.82% | 293,000 | $58.8M | Reduce -4.6% |
| AMLP Alerian MLP ETF | 5.82% | 1,248,180 | $58.8M | Reduce -2.6% |
| NTSX Wisdomtree US Efficient Core | 5.47% | 1,177,860 | $55.3M | Reduce -7.7% |
| IVV iShares Core S&P 500 ETF | 5.21% | 91,395 | $52.7M | Reduce -15.0% |
| VIG Vanguard Dividend Apprec ETF | 4.91% | 250,515 | $49.6M | Reduce -7.3% |
| SCHH Schwab US REIT ETF | 4.50% | 1,963,100 | $45.5M | Add +12.8% |
| JEPI JPMorgan Equity Premium Inco | 3.94% | 669,505 | $39.8M | Reduce -13.6% |
| HYLB Xtrackers Usd High Yield Cor | 3.45% | 944,925 | $34.9M | Reduce -14.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 3.09% | 386,760 | $31.2M | Add +43.7% |
| PFFD Global X US Preferred ETF | 2.50% | 1,214,485 | $25.2M | Reduce -18.3% |
| VOO Vanguard S&P 500 ETF | 1.97% | 37,813 | $20.0M | Reduce -2.0% |
| DFCF Dimensional Core Fixed Inc. | 1.97% | 461,475 | $19.9M | Reduce -22.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.93% | 288,605 | $19.5M | Reduce -6.1% |
| SCHI Schwab 5-10 Year Corporate B | 1.48% | 323,765 | $14.9M | Reduce -2.9% |
| AMZN Amazon.com Inc. | 1.09% | 59,243 | $11.0M | Add +19.5% |
| BAB Invesco Taxable Municipal Bo | 0.98% | 358,925 | $9.9M | Add +92.6% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | 0.64% | 6,120,000 | $6.5M | No change |
| MELI MercadoLibre Inc. | 0.62% | 3,073 | $6.3M | Add +119.5% |
| DEXCOM INC (DXCM 0.25 11/15/25) | 0.58% | 6,190,000 | $5.9M | No change |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | 0.54% | 4,440,000 | $5.4M | Reduce -21.0% |
| AAPL Apple Inc. | 0.54% | 23,313 | $5.4M | Add +0.6% |
| META Meta Platforms Inc. Class A | 0.53% | 9,365 | $5.4M | Add +16.7% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | 0.52% | 5,156,000 | $5.3M | No change |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | 0.51% | 4,970,000 | $5.2M | Add +16.9% |
| MBB iShares MBS ETF | 0.49% | 51,275 | $4.9M | Reduce -51.8% |
| MSFT Microsoft Corp. | 0.48% | 11,261 | $4.8M | Add +6.4% |
| GOOGL Alphabet Inc. Class A | 0.47% | 28,582 | $4.7M | Reduce -23.2% |
| WMT Walmart Inc. | 0.46% | 57,955 | $4.7M | Add +946.1% |
| FORD MOTOR COMPANY (F 0 03/15/26) filed as FORD MTR CO | 0.46% | 4,750,000 | $4.6M | Reduce -23.9% |
| APO Apollo Global Management Inc. | 0.46% | 37,200 | $4.6M | Add +26.1% |
| BKNG Booking Holdings Inc. | 0.46% | 1,100 | $4.6M | Reduce -21.4% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | 0.38% | 3,200,000 | $3.9M | Add +137.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.38% | 48,950 | $3.8M | Add +125.9% |
| CYBR Cyberark Software Ltd./Israel | 0.37% | 12,800 | $3.7M | Add +45.5% |
| KKR KKR & Co. Inc. | 0.36% | 27,900 | $3.6M | Reduce -12.5% |
| OKTA INC (OKTA 0.375 06/15/26) | 0.35% | 3,879,000 | $3.6M | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | 0.35% | 3,480,000 | $3.6M | New |
| BX Blackstone Inc. | 0.33% | 22,000 | $3.4M | Add +4.8% |
| NFLX Netflix Inc. | 0.33% | 4,700 | $3.3M | Reduce -9.6% |
| COST Costco Wholesale Corp. | 0.32% | 3,699 | $3.3M | Reduce -8.4% |
| LYV Live Nation Entertainment Inc. | 0.32% | 29,850 | $3.3M | Reduce -21.1% |
| LLY Eli Lilly & Co. | 0.32% | 3,600 | $3.2M | Reduce -10.2% |
| COHR Coherent Corp. | 0.31% | 35,430 | $3.2M | Add +86.5% |
| ETSY INC (ETSY 0.25 06/15/28) | 0.29% | 3,610,000 | $2.9M | Reduce -30.6% |
| CMG Chipotle Mexican Grill Inc. | 0.29% | 50,350 | $2.9M | Reduce -8.4% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | 0.29% | 3,350,000 | $2.9M | Reduce -33.3% |
| ORCL Oracle Corp. | 0.26% | 15,500 | $2.6M | New |
| ITT Itt Inc. | 0.25% | 17,200 | $2.6M | New |
| TDG Transdigm Group Inc. | 0.24% | 1,700 | $2.4M | Add +41.7% |
| KBR KBR Inc. | 0.24% | 37,200 | $2.4M | Add +128.2% |
| MOG.A Moog Inc. Class A | 0.22% | 11,235 | $2.3M | New |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | 0.22% | 2,342,000 | $2.3M | Reduce -56.1% |
| HD Home Depot Inc. | 0.22% | 5,500 | $2.2M | Add +570.7% |
| DKNG Draftkings Inc. Class A | 0.21% | 53,000 | $2.1M | Reduce -41.7% |
| UBER Uber Technologies Inc. | 0.20% | 27,100 | $2.0M | Reduce -44.2% |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | 0.20% | 2,040,928 | $2.0M | No change |
| PROS HOLDINGS INC (PRO 2.25 09/15/27) | 0.20% | 2,211,000 | $2.0M | No change |
| IEF iShares 7-10 Year Treasury B | 0.18% | 18,600 | $1.8M | New |
| WIX LTD (WIX 0 08/15/25) filed as WIX COM LTD | 0.17% | 1,790,000 | $1.7M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.17% | 3,639 | $1.7M | Add +22.3% |
| JPM JPMorgan Chase & Co. | 0.16% | 7,852 | $1.7M | Add +82.3% |
| VGT Vanguard Info Tech ETF | 0.16% | 2,729 | $1.6M | Add +110.9% |
| XLK SS Technology Select Sector | 0.15% | 6,841 | $1.5M | Add +107.2% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | 0.15% | 1,605,000 | $1.5M | No change |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | 0.15% | 1,470,000 | $1.5M | Reduce -36.9% |
| FRPT Freshpet Inc. | 0.14% | 10,600 | $1.4M | Reduce -21.5% |
| XOM Exxon Mobil Corp. | 0.14% | 12,283 | $1.4M | Reduce -49.0% |
| ITA iShares U.S. Aerospace & Def | 0.14% | 9,536 | $1.4M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.14% | 6,351 | $1.4M | Add +428.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.14% | 2 | $1.4M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.14% | 14,200 | $1.4M | Add +481.0% |
| IVE iShares S&P 500 Value ETF | 0.12% | 6,290 | $1.2M | Add +105.6% |
| BSX Boston Scientific Corp. | 0.12% | 14,200 | $1.2M | Reduce -62.3% |
| FOUR SHIFT4 Payments Inc. Class A | 0.11% | 12,900 | $1.1M | New |
| NVDA Nvidia Corp. | 0.11% | 9,193 | $1.1M | Reduce -29.2% |
| XLV SS Health Care Select Sector | 0.10% | 6,514 | $1.0M | New |
| TGT Target Corp. | 0.08% | 5,250 | $818K | New |
| CHEGG INC (CHGG 0 09/01/26) | 0.08% | 1,067,000 | $808K | No change |
| TSLA Tesla Inc. | 0.08% | 3,063 | $801K | Add +128.6% |
| INTU Intuit Inc. | 0.06% | 1,000 | $621K | Add +169.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.06% | 1,038 | $596K | New |
| ADBE Adobe Inc. | 0.05% | 1,000 | $518K | New |
| AVGO Broadcom Inc. | 0.05% | 2,843 | $490K | Reduce -75.0% |
| QCOM Qualcomm Inc. | 0.05% | 2,750 | $468K | Reduce -10.1% |
| PLTR Palantir Technologies Inc. Class A | 0.04% | 11,452 | $426K | Add +42.8% |
| PANW Palo Alto Networks Inc. | 0.04% | 1,223 | $418K | Reduce -16.6% |
| IHAK iShares Cybersecurity & Tech | 0.04% | 8,012 | $391K | New |
| JNJ Johnson & Johnson | 0.03% | 2,022 | $328K | Reduce -39.2% |
| MRK Merck & Co. Inc. | 0.03% | 2,865 | $325K | Add +36.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.03% | 382 | $318K | Add +5.0% |
| AMD Advanced Micro Devices | 0.02% | 1,515 | $249K | Add +2.2% |
| INTC Intel Corp. | 0.02% | 10,466 | $246K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.02% | 1,371 | $238K | Reduce -3.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.02% | 2,650 | $220K | Add +221.2% |
| GLW Corning Inc. | 0.02% | 3,557 | $161K | New |
| MU Micron Technology Inc. | 0.01% | 1,089 | $113K | Reduce -19.4% |
| WMB Williams Cos Inc. | 0.01% | 1,447 | $66K | Reduce -8.8% |
Other holdings (5): bonds, preferreds, convertibles and warrants · $27.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 5,400 | $6.9M | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 5,248 | $6.7M | No change |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 91,900 | $6.2M | Reduce -7.7% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 77,100 | $4.7M | New |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 70,500 | $3.3M | Reduce -53.2% |
Total filed on the 13F, all lines: $1.0B.
Portfolio Sells Q2 2024 → Q3 2024
| IVV iShares Core S&P 500 ETF | Reduce -15.0% | 5.21% | −0.67 |
| MBB iShares MBS ETF | Reduce -51.8% | 0.49% | −0.49 |
| DFCF Dimensional Core Fixed Inc. | Reduce -22.0% | 1.97% | −0.49 |
| HYLB Xtrackers Usd High Yield Cor | Reduce -14.7% | 3.45% | −0.48 |
| JEPI JPMorgan Equity Premium Inco | Reduce -13.6% | 3.94% | −0.45 |
| PFFD Global X US Preferred ETF | Reduce -18.3% | 2.50% | −0.43 |
| AMLP Alerian MLP ETF | Reduce -2.6% | 5.82% | −0.33 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −0.33 |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | Reduce -56.1% | 0.22% | −0.27 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -4.6% | 5.82% | −0.24 |
| GOOGL Alphabet Inc. Class A | Reduce -23.2% | 0.47% | −0.21 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.19 |
| BSX Boston Scientific Corp. | Reduce -62.3% | 0.12% | −0.17 |
| FORD MOTOR COMPANY (F 0 03/15/26) | Reduce -23.9% | 0.46% | −0.17 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.16 |
| UBER Uber Technologies Inc. | Reduce -44.2% | 0.20% | −0.15 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −0.14 |
| DKNG Draftkings Inc. Class A | Reduce -41.7% | 0.21% | −0.14 |
| XOM Exxon Mobil Corp. | Reduce -49.0% | 0.14% | −0.13 |
| AVGO Broadcom Inc. | Reduce -75.0% | 0.05% | −0.13 |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | Reduce -33.3% | 0.29% | −0.13 |
| NTSX Wisdomtree US Efficient Core | Reduce -7.7% | 5.47% | −0.13 |
| ETSY INC (ETSY 0.25 06/15/28) | Reduce -30.6% | 0.29% | −0.12 |
| OEF iShares S&P 100 ETF | Sold out | 0.00% | −0.10 |
| BKNG Booking Holdings Inc. | Reduce -21.4% | 0.46% | −0.10 |
| SMH Vaneck Semiconductor ETF | Sold out | 0.00% | −0.09 |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | Reduce -36.9% | 0.15% | −0.09 |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | Reduce -21.0% | 0.54% | −0.08 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.07 |
| FTEC Fidelity MSCI Info Tech Indx | Sold out | 0.00% | −0.07 |
| PETQ Petiq Inc. | Sold out | 0.00% | −0.07 |
| MANU Manchester United PLC Class A | Sold out | 0.00% | −0.07 |
| PETIQ INC (PETQ 4 06/01/26) | Sold out | 0.00% | −0.07 |
| CMG Chipotle Mexican Grill Inc. | Reduce -8.4% | 0.29% | −0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.06 |
| SPYV SS SPDR P S&P 500 Value ETF | Sold out | 0.00% | −0.06 |
| NVDA Nvidia Corp. | Reduce -29.2% | 0.11% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -10.2% | 0.32% | −0.05 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.04 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -6.1% | 1.93% | −0.04 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.03 |
| LYV Live Nation Entertainment Inc. | Reduce -21.1% | 0.32% | −0.03 |
| FRPT Freshpet Inc. | Reduce -21.5% | 0.14% | −0.03 |
| AGG iShares Core U.S. Aggregate | Reduce -3.4% | 8.95% | −0.03 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -7.3% | 4.91% | −0.03 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.03 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.03 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.02 |
| BND Vanguard Total Bond Market | Reduce -3.2% | 8.95% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +43.7% | 3.09% | +1.25 |
| SCHH Schwab US REIT ETF | Add +12.8% | 4.50% | +1.02 |
| BAB Invesco Taxable Municipal Bo | Add +92.6% | 0.98% | +0.49 |
| WMT Walmart Inc. | Add +946.1% | 0.46% | +0.43 |
| MELI MercadoLibre Inc. | Add +119.5% | 0.62% | +0.39 |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | New | 0.35% | +0.35 |
| ORCL Oracle Corp. | New | 0.26% | +0.26 |
| ITT Itt Inc. | New | 0.25% | +0.25 |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | Add +137.0% | 0.38% | +0.24 |
| MOG.A Moog Inc. Class A | New | 0.22% | +0.22 |
| IEFA iShares Core MSCI Eafe ETF | Add +125.9% | 0.38% | +0.22 |
| HD Home Depot Inc. | Add +570.7% | 0.22% | +0.19 |
| IEF iShares 7-10 Year Treasury B | New | 0.18% | +0.18 |
| COHR Coherent Corp. | Add +86.5% | 0.31% | +0.17 |
| ITA iShares U.S. Aerospace & Def | New | 0.14% | +0.14 |
| KBR KBR Inc. | Add +128.2% | 0.24% | +0.14 |
| AMZN Amazon.com Inc. | Add +19.5% | 1.09% | +0.13 |
| CYBR Cyberark Software Ltd./Israel | Add +45.5% | 0.37% | +0.13 |
| META Meta Platforms Inc. Class A | Add +16.7% | 0.53% | +0.13 |
| IBM Intl Business Machines Corp. | Add +428.4% | 0.14% | +0.12 |
| FOUR SHIFT4 Payments Inc. Class A | New | 0.11% | +0.11 |
| APO Apollo Global Management Inc. | Add +26.1% | 0.46% | +0.11 |
| DIS The Walt Disney Co. | Add +481.0% | 0.14% | +0.11 |
| XLV SS Health Care Select Sector | New | 0.10% | +0.10 |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | Add +16.9% | 0.51% | +0.09 |
| TDG Transdigm Group Inc. | Add +41.7% | 0.24% | +0.09 |
| VGT Vanguard Info Tech ETF | Add +110.9% | 0.16% | +0.08 |
| TGT Target Corp. | New | 0.08% | +0.08 |
| XLK SS Technology Select Sector | Add +107.2% | 0.15% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +82.3% | 0.16% | +0.08 |
| BX Blackstone Inc. | Add +4.8% | 0.33% | +0.07 |
| IVE iShares S&P 500 Value ETF | Add +105.6% | 0.12% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.06% | +0.06 |
| TSLA Tesla Inc. | Add +128.6% | 0.08% | +0.05 |
| ADBE Adobe Inc. | New | 0.05% | +0.05 |
| AAPL Apple Inc. | Add +0.6% | 0.54% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +22.3% | 0.17% | +0.04 |
| IHAK iShares Cybersecurity & Tech | New | 0.04% | +0.04 |
| INTU Intuit Inc. | Add +169.5% | 0.06% | +0.04 |
| INTC Intel Corp. | New | 0.02% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +42.8% | 0.04% | +0.02 |
| GLW Corning Inc. | New | 0.02% | +0.02 |
| SHY iShares 1-3 Year Treasury Bo | Add +221.2% | 0.02% | +0.02 |
| MRK Merck & Co. Inc. | Add +36.7% | 0.03% | +0.01 |
| MSFT Microsoft Corp. | Add +6.4% | 0.48% | +0.01 |
| XLF SS Financial Select Sector | New | 0.00% | +0.00 |
| CVX Chevron Corp. | New | 0.00% | +0.00 |
| AMD Advanced Micro Devices | Add +2.2% | 0.02% | +0.00 |
| ASML ASML Holding NV-NY Reg SHS | Add +5.0% | 0.03% | −0.01 |
Notes & Other Activity Q2 2024 → Q3 2024
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -7.7% | 91,900 | $6.2M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | New | 77,100 | $4.7M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -53.2% | 70,500 | $3.3M |
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 |