Sepio Capital, LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Sepio Capital, LP reported 284 stock positions worth $1.2 billion. Its top holding was Bushido Cap US Equity ETF (SMRI) at 15.7% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 6.9%) and Vanguard Ftse Developed ETF (VEA, 4.9%). Compared with Q4 2023, it opened 18 new positions, sold out of 22, added to 84 and reduced 159. The biggest buy was Vanguard Ftse Emerging Marke (VWO, shares +12%) and the biggest sale Bushido Cap US Equity ETF (SMRI, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- Salt Lake City, UT
- CIK
- 0001751412
- Portfolio Value
- $1.2B (Q1 2024)
- SEC Filing
- 0001751412-24-000002 ↗ filed May 15, 2024
Holdings Value
Holdings 284 stocks · $1.2B
| SMRI Bushido Cap US Equity ETF | 15.68% | 6,154,531 | $182.8M | Reduce -26.8% |
| VOO Vanguard S&P 500 ETF | 6.93% | 168,169 | $80.8M | Reduce -3.1% |
| VEA Vanguard Ftse Developed ETF | 4.91% | 1,140,671 | $57.2M | Reduce -5.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 3.45% | 247,244 | $40.3M | Reduce -24.1% |
| ABBV Abbvie Inc. | 2.52% | 161,247 | $29.4M | Reduce -0.9% |
| MSFT Microsoft Corp. | 2.02% | 55,914 | $23.5M | Reduce -12.8% |
| ABT Abbott Laboratories | 1.98% | 202,807 | $23.1M | Add +4.6% |
| VWO Vanguard Ftse Emerging Marke | 1.90% | 531,273 | $22.2M | Add +11.9% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.90% | 115,344 | $22.1M | Add +3.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.76% | 39,151 | $20.5M | Reduce -2.0% |
| NVDA Nvidia Corp. | 1.74% | 22,509 | $20.3M | Reduce -26.8% |
| COWZ Pacer US Cash Cows 100 ETF | 1.72% | 344,377 | $20.0M | Reduce -8.9% |
| META Meta Platforms Inc. Class A | 1.47% | 35,280 | $17.1M | Reduce -22.7% |
| ICOW Pacer Developed Markets Inte | 1.47% | 534,754 | $17.1M | Add +1.6% |
| AMZN Amazon.com Inc. | 1.46% | 94,495 | $17.0M | Reduce -9.5% |
| AAPL Apple Inc. | 1.45% | 98,353 | $16.9M | Reduce -4.2% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 1.19% | 88,933 | $13.9M | Reduce -1.9% |
| XLK SS Technology Select Sector | 1.09% | 61,264 | $12.8M | Reduce -4.9% |
| IVE iShares S&P 500 Value ETF | 1.01% | 62,804 | $11.7M | No change |
| GOOG Alphabet Inc. Class C | 0.99% | 75,851 | $11.5M | Add +6.5% |
| GOOGL Alphabet Inc. Class A | 0.91% | 70,427 | $10.6M | Reduce -4.6% |
| ACWI iShares MSCI Acwi ETF | 0.85% | 89,692 | $9.9M | Add +2.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.82% | 38,169 | $9.5M | Add +4.0% |
| V Visa Inc. Class A | 0.79% | 32,956 | $9.2M | Reduce -5.1% |
| TSLA Tesla Inc. | 0.73% | 48,281 | $8.5M | Add +40.0% |
| RSP Invesco S&P 500 Equal Weight | 0.68% | 46,581 | $7.9M | Reduce -77.5% |
| IJS iShares S&P Small-Cap 600 Va | 0.67% | 75,771 | $7.8M | No change |
| IWB iShares Russell 1000 ETF | 0.66% | 26,755 | $7.7M | No change |
| IWF iShares Russell 1000 Growth | 0.61% | 21,186 | $7.1M | Reduce -23.9% |
| BILL Bill Holdings Inc. | 0.60% | 102,473 | $7.0M | Reduce -0.0% |
| BA The Boeing Co. | 0.58% | 35,208 | $6.8M | Add +16.3% |
| XLV SS Health Care Select Sector | 0.57% | 45,286 | $6.7M | Reduce -2.5% |
| NFLX Netflix Inc. | 0.55% | 10,509 | $6.4M | Reduce -0.3% |
| IWD iShares Russell 1000 Value E | 0.53% | 34,373 | $6.2M | Reduce -0.8% |
| EFA iShares MSCI Eafe ETF | 0.50% | 73,171 | $5.8M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.48% | 13,266 | $5.6M | Reduce -7.1% |
| APD Air Products & Chemicals Inc. | 0.47% | 22,744 | $5.5M | Add +56.6% |
| ORCL Oracle Corp. | 0.46% | 42,817 | $5.4M | Reduce -2.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.45% | 43,143 | $5.3M | Add +22.8% |
| BLK BlackRock Finance Inc. | 0.45% | 6,310 | $5.3M | Reduce -10.0% |
| CVX Chevron Corp. | 0.44% | 32,269 | $5.1M | Reduce -2.4% |
| SBUX Starbucks Corp. | 0.43% | 54,387 | $5.0M | Reduce -6.8% |
| VTIP Vanguard Short-Term Tips | 0.41% | 99,888 | $4.8M | Add +0.9% |
| TXN Texas Instruments Inc. | 0.41% | 27,261 | $4.7M | Reduce -6.0% |
| LOW Lowe's Cos Inc. | 0.41% | 18,641 | $4.7M | Reduce -1.2% |
| CRM Salesforce Inc. | 0.40% | 15,621 | $4.7M | Add +6.9% |
| JNJ Johnson & Johnson | 0.40% | 29,351 | $4.6M | Reduce -2.8% |
| MACK Merrimack Pharmaceuticals Inc. | 0.38% | 298,545 | $4.4M | Reduce -2.6% |
| NSC Norfolk Southern Corp. | 0.38% | 17,185 | $4.4M | Reduce -11.6% |
| MRK Merck & Co. Inc. | 0.37% | 33,041 | $4.4M | Reduce -10.9% |
| COST Costco Wholesale Corp. | 0.35% | 5,635 | $4.1M | Reduce -3.0% |
| SCHW Schwab (charles) Corp. | 0.35% | 57,046 | $4.1M | Reduce -1.7% |
| PGR Progressive Corp. | 0.35% | 19,838 | $4.1M | Reduce -16.0% |
| MNST Monster Beverage Corp. | 0.34% | 66,497 | $3.9M | Reduce -4.3% |
| PM Philip Morris International | 0.32% | 40,701 | $3.7M | Add +2.9% |
| FAST Fastenal Co. | 0.32% | 47,658 | $3.7M | Reduce -15.4% |
| GREK Global X MSCI Greece ETF | 0.31% | 91,128 | $3.6M | Add +1.9% |
| EWI iShares MSCI Italy ETF | 0.31% | 95,399 | $3.6M | Add +0.2% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.31% | 71,041 | $3.6M | Add +0.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.30% | 7,992 | $3.5M | Add +0.8% |
| GLD SPDR Gold Shares | 0.30% | 17,171 | $3.5M | Add +1.5% |
| MDY State Street SPDR S&P Midcap | 0.30% | 6,300 | $3.5M | No change |
| HMOP Hartford Municipal Opp ETF | 0.30% | 89,567 | $3.5M | Reduce -31.9% |
| EWW iShares MSCI Mexico ETF | 0.30% | 50,071 | $3.5M | Add +0.1% |
| FIS Fidelity National Info Serv | 0.29% | 46,294 | $3.4M | Add +65.6% |
| NOC Northrop Grumman Corp. | 0.29% | 7,133 | $3.4M | Add +31.7% |
| EWP iShares MSCI Spain ETF | 0.29% | 106,107 | $3.4M | Add +0.2% |
| ADSK Autodesk Inc. | 0.29% | 13,010 | $3.4M | Reduce -5.3% |
| QCOM Qualcomm Inc. | 0.29% | 20,008 | $3.4M | Reduce -5.3% |
| IVV iShares Core S&P 500 ETF | 0.29% | 6,404 | $3.4M | Add +0.0% |
| EPOL iShares MSCI Poland ETF | 0.29% | 142,169 | $3.4M | Add +0.2% |
| UPS United Parcel Service Class B | 0.29% | 22,426 | $3.3M | Reduce -2.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.29% | 14,572 | $3.3M | Add +0.1% |
| IAU iShares Gold Trust | 0.27% | 75,142 | $3.2M | Reduce -7.7% |
| PAYX Paychex Inc. | 0.27% | 25,592 | $3.1M | Reduce -4.3% |
| DEO Diageo PLC-Sponsored ADR | 0.26% | 20,659 | $3.1M | Reduce -9.2% |
| CSCO Cisco Systems Inc. | 0.26% | 61,482 | $3.1M | Reduce -6.1% |
| TBF Proshares Short 20+ Treasury | 0.26% | 131,600 | $3.1M | No change |
| SHOP Shopify Inc. Class A | 0.26% | 39,174 | $3.0M | Add +0.5% |
| ICE Intercontinental Exchange Inc. | 0.26% | 21,815 | $3.0M | Reduce -7.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.26% | 7,140 | $3.0M | Reduce -2.3% |
| GVI iShares Intermediate Governm | 0.25% | 28,277 | $2.9M | New |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.25% | 33,022 | $2.9M | Reduce -12.5% |
| SEIC Sei Investments Company | 0.25% | 40,249 | $2.9M | Reduce -4.4% |
| RTX RTX Corp. | 0.25% | 29,629 | $2.9M | Reduce -1.1% |
| UNH Unitedhealth Group Inc. | 0.25% | 5,802 | $2.9M | Reduce -9.5% |
| CSL Carlisle Cos Inc. | 0.24% | 7,020 | $2.8M | Add +1.7% |
| SYY Sysco Corp. | 0.23% | 33,435 | $2.7M | Reduce -0.7% |
| IJR iShares Core S&P Small-Cap E | 0.23% | 24,402 | $2.7M | Reduce -1.1% |
| COIN Coinbase Global Inc. Class A | 0.23% | 10,064 | $2.7M | Add +7.4% |
| NVR NVR Inc. | 0.23% | 325 | $2.6M | Reduce -1.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.22% | 20,274 | $2.6M | Reduce -8.9% |
| MATX Matson Inc. | 0.22% | 23,151 | $2.6M | Reduce -0.2% |
| CERS Cerus Corp. | 0.22% | 1,347,500 | $2.5M | Add +813.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.22% | 7,927 | $2.5M | Add +0.7% |
| CMCSA Comcast Corp. Class A | 0.22% | 58,591 | $2.5M | Add +2.9% |
| NET Cloudflare Inc. Class A | 0.22% | 26,091 | $2.5M | Add +1.9% |
| CCI Crown Castle Inc. | 0.21% | 23,685 | $2.5M | Add +26.3% |
| REGN Regeneron Pharmaceuticals | 0.21% | 2,589 | $2.5M | Reduce -4.2% |
| CINF Cincinnati Financial Corp. | 0.21% | 19,768 | $2.5M | Reduce -9.6% |
Portfolio Sells Q4 2023 → Q1 2024
| SMRI Bushido Cap US Equity ETF | Reduce -26.8% | 15.68% | −3.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -77.5% | 0.68% | −2.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -24.1% | 3.45% | −0.64 |
| AAPL Apple Inc. | Reduce -4.2% | 1.45% | −0.21 |
| HMOP Hartford Municipal Opp ETF | Reduce -31.9% | 0.30% | −0.13 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.12 |
| BILL Bill Holdings Inc. | Reduce -0.0% | 0.60% | −0.10 |
| IWF iShares Russell 1000 Growth | Reduce -23.9% | 0.61% | −0.10 |
| ADBE Adobe Inc. | Reduce -55.2% | 0.04% | −0.07 |
| EXPD Expeditors Intl Wash Inc. | Reduce -25.4% | 0.15% | −0.06 |
| NOW ServiceNow Inc. | Reduce -70.7% | 0.02% | −0.05 |
| SBUX Starbucks Corp. | Reduce -6.8% | 0.43% | −0.04 |
| PINS Pinterest Inc. Class A | Reduce -60.4% | 0.03% | −0.04 |
| RNG Ringcentral Inc. Class A | Sold out | 0.00% | −0.04 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -9.5% | 0.25% | −0.04 |
| SHM SS SPDR N Ice St Muni ETF | Sold out | 0.00% | −0.03 |
| IEMG iShares Core MSCI Emerging | Reduce -17.2% | 0.20% | −0.03 |
| TQQQ Proshares Ultrapro QQQ | Sold out | 0.00% | −0.03 |
| IBN Icici Bank Ltd.-Spon ADR | Sold out | 0.00% | −0.03 |
| BLK BlackRock Finance Inc. | Reduce -10.0% | 0.45% | −0.03 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.02 |
| SNOW Snowflake Inc. | Reduce -9.5% | 0.07% | −0.02 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.02 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.02 |
| HERD Pacer Cash Cows Fund of Fund | Sold out | 0.00% | −0.02 |
| SO The Southern Co. | Sold out | 0.00% | −0.02 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.02 |
| CPNG Coupang Inc. | Reduce -24.1% | 0.11% | −0.02 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −0.02 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.02 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.02 |
| INTC Intel Corp. | Reduce -17.0% | 0.05% | −0.02 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.02 |
| UPS United Parcel Service Class B | Reduce -2.5% | 0.29% | −0.02 |
| ZS Zscaler Inc. | Reduce -0.3% | 0.14% | −0.02 |
| AFL Aflac Inc. | Sold out | 0.00% | −0.02 |
| MCO Moody's Corp. | Reduce -16.5% | 0.10% | −0.02 |
| LII Lennox International Inc. | Reduce -21.2% | 0.11% | −0.02 |
| DEO Diageo PLC-Sponsored ADR | Reduce -9.2% | 0.26% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -6.1% | 0.26% | −0.01 |
| SNAP Snap Inc. Class A | Sold out | 0.00% | −0.01 |
| AGG iShares Core U.S. Aggregate | Reduce -12.8% | 0.10% | −0.01 |
| NVS Novartis AG-Sponsored ADR | Reduce -8.3% | 0.11% | −0.01 |
| U Unity Software Inc. | Reduce -10.5% | 0.02% | −0.01 |
| ACGL Arch Capital Group Ltd. | Reduce -51.8% | 0.02% | −0.01 |
| TYRA Tyra Biosciences Inc. | Sold out | 0.00% | −0.01 |
| FDS Factset Research Systems Inc. | Reduce -3.7% | 0.18% | −0.01 |
| RBLX Roblox Corp. Class A | Reduce -11.6% | 0.04% | −0.01 |
| EGHT 8X8 Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| VWO Vanguard Ftse Emerging Marke | Add +11.9% | 1.90% | +0.26 |
| GVI iShares Intermediate Governm | New | 0.25% | +0.25 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +3.3% | 1.90% | +0.21 |
| CERS Cerus Corp. | Add +813.6% | 0.22% | +0.19 |
| DIS The Walt Disney Co. | Add +22.8% | 0.45% | +0.19 |
| ABT Abbott Laboratories | Add +4.6% | 1.98% | +0.18 |
| FIS Fidelity National Info Serv | Add +65.6% | 0.29% | +0.15 |
| GOOG Alphabet Inc. Class C | Add +6.5% | 0.99% | +0.15 |
| APD Air Products & Chemicals Inc. | Add +56.6% | 0.47% | +0.14 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.14% | +0.14 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +4.0% | 0.82% | +0.10 |
| ACWI iShares MSCI Acwi ETF | Add +2.1% | 0.85% | +0.10 |
| COIN Coinbase Global Inc. Class A | Add +7.4% | 0.23% | +0.09 |
| ICOW Pacer Developed Markets Inte | Add +1.6% | 1.47% | +0.08 |
| D Dominion Energy Inc. | Add +61.6% | 0.19% | +0.08 |
| CRM Salesforce Inc. | Add +6.9% | 0.40% | +0.08 |
| NOC Northrop Grumman Corp. | Add +31.7% | 0.29% | +0.08 |
| CSL Carlisle Cos Inc. | Add +1.7% | 0.24% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +0.7% | 0.22% | +0.05 |
| ILMN Illumina Inc. | Add +67.4% | 0.12% | +0.05 |
| LKQ LKQ Corp. | Add +36.2% | 0.13% | +0.05 |
| PYPL PayPal Holdings Inc. | Add +48.9% | 0.12% | +0.05 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.05% | +0.05 |
| VZ Verizon Communications Inc. | Add +14.4% | 0.19% | +0.04 |
| XYZ Block Inc. | Add +25.2% | 0.15% | +0.04 |
| CACI Caci International Inc. Class A | Add +11.4% | 0.15% | +0.04 |
| NET Cloudflare Inc. Class A | Add +1.9% | 0.22% | +0.04 |
| EWI iShares MSCI Italy ETF | Add +0.2% | 0.31% | +0.04 |
| BURL Burlington Stores Inc. | Add +18.9% | 0.11% | +0.03 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.03% | +0.03 |
| GREK Global X MSCI Greece ETF | Add +1.9% | 0.31% | +0.03 |
| BAH Booz Allen Hamilton Holdings | Add +9.6% | 0.15% | +0.03 |
| CCI Crown Castle Inc. | Add +26.3% | 0.21% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +0.0% | 0.29% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.8% | 0.30% | +0.03 |
| GLD SPDR Gold Shares | Add +1.5% | 0.30% | +0.03 |
| HLAL Wahed Ftse USA Shariah ETF | New | 0.03% | +0.03 |
| TMO Thermo Fisher Scientific Inc. | Add +6.0% | 0.18% | +0.03 |
| CHH Choice Hotels Intl Inc. | Add +16.3% | 0.11% | +0.03 |
| TRMB Trimble Inc. | Add +5.6% | 0.12% | +0.03 |
| CTVA Corteva Inc. | New | 0.03% | +0.03 |
| VFLO Victoryshares Free Cash Flow | New | 0.03% | +0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.1% | 0.29% | +0.02 |
| DLB Dolby Laboratories Inc. Class A | Add +23.9% | 0.13% | +0.02 |
| VFC VF Corp. | New | 0.02% | +0.02 |
| ATR Aptargroup Inc. | Add +2.1% | 0.13% | +0.02 |
| ZBH Zimmer Biomet Holdings Inc. | New | 0.02% | +0.02 |
| MKL Markel Group Inc. | Add +6.6% | 0.15% | +0.02 |
| LYG Lloyds Banking Group PLC-ADR | New | 0.02% | +0.02 |
| DFCF Dimensional Core Fixed Inc. | New | 0.02% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 346 | $2.0B | SMRI, RNIN, VOO, VEA, VWO |
| Q1 2026 | 369 | $1.8B | SMRI, RNIN, VOO, VEA, VWO |
| Q4 2025 | 362 | $1.8B | SMRI, RNIN, VOO, VEA, VWO |
| Q3 2025 | 312 | $1.7B | SMRI, RNIN, VOO, VEA, VTV |
| Q2 2025 | 274 | $1.4B | SMRI, RNIN, VOO, VEA, ABBV |
| Q1 2025 | 287 | $1.3B | SMRI, VOO, VEA, ABBV, VTV |
| Q4 2024 | 291 | $1.2B | SMRI, VOO, VEA, BILL, VTV |
| Q3 2024 | 295 | $1.3B | SMRI, VOO, VEA, ABBV, VTV |
| Q2 2024 | 276 | $1.1B | SMRI, VOO, VEA, VTV, MSFT |
| Q1 2024 | 284 | $1.2B | SMRI, VOO, VEA, VTV, ABBV |