Sjbenen Advisory, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 13, 2026), Sjbenen Advisory, LLC reported 22 stock positions worth $119.4 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 34.1% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 9.2%) and Coinbase Global Class A (COIN, 8.3%). Compared with Q4 2025, it opened 3 new positions, sold out of 2, added to 3 and reduced 13. The biggest buy was iShares 20+ Year Treasury BD (TLT, shares +16%) and the biggest sale iShares Core S&P Total U.S. (ITOT, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- CHAPEL HILL, NC
- CIK
- 0001813225
- Portfolio Value
- $119.4M (Q1 2026)
- SEC Filing
- 0002085853-26-000365 ↗ filed Apr 13, 2026
Holdings Value
Holdings 22 stocks · $119.4M
| SPY SS SPDR S&P 500 ETF Trust-US | 34.12% | 62,651 | $40.7M | Reduce -32.4% |
| IBIT iShares Bitcoin Trust ETF | 9.19% | 285,600 | $11.0M | Reduce -4.7% |
| COIN Coinbase Global Inc. Class A | 8.32% | 56,900 | $9.9M | Reduce -5.0% |
| TLT iShares 20+ Year Treasury BD | 8.16% | 112,400 | $9.7M | Add +15.6% |
| ITOT iShares Core S&P Total U.S. | 7.33% | 61,481 | $8.8M | Reduce -43.6% |
| VTI VG Morningstar TS MKT ETF-US | 6.60% | 24,562 | $7.9M | Reduce -49.0% |
| AAPL Apple Inc. | 4.09% | 19,221 | $4.9M | Reduce -0.2% |
| PLTR Palantir Technologies Inc. Class A | 3.60% | 29,426 | $4.3M | No change |
| SGOV iShares 0-3 Month Treasury B | 2.98% | 35,306 | $3.6M | Reduce -18.2% |
| TSLA Tesla Inc. | 2.52% | 8,100 | $3.0M | No change |
| JPM JPMorgan Chase & Co. | 2.39% | 9,700 | $2.9M | Add +6.4% |
| LTPZ PIMCO 15+ YR US Tips Indx | 2.10% | 49,101 | $2.5M | Reduce -38.4% |
| IXUS iShares Core Intl Stock ETF | 1.68% | 23,186 | $2.0M | Reduce -27.1% |
| SCHB Schwab US Broad Market ETF | 1.61% | 76,428 | $1.9M | Reduce -27.3% |
| VEU Vanguard Ftse All-World Ex-U | 1.48% | 23,492 | $1.8M | Reduce -14.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.30% | 3,237 | $1.6M | Add +191.1% |
| VOO Vanguard S&P 500 ETF | 0.95% | 1,900 | $1.1M | New |
| IVV iShares Core S&P 500 ETF | 0.63% | 1,159 | $757K | Reduce -11.0% |
| SCHW Schwab (charles) Corp. | 0.46% | 5,800 | $545K | New |
| IWM iShares Russell 2000 ETF | 0.29% | 1,400 | $347K | Reduce -70.2% |
| VNQ Vanguard Real Estate ETF | 0.17% | 2,300 | $204K | New |
| NRXP NRX Pharmaceuticals Inc. | 0.03% | 15,000 | $32K | No change |
Options reported separately and not counted above: TLT puts ($52K), TIP puts ($47K), IBIT puts ($6K), TSLA puts ($50).
Other holdings (1): bonds, preferreds, convertibles and warrants · $315K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 264 | $315K | No change |
Total filed on the 13F, all lines: $119.7M.
Portfolio Sells Q4 2025 → Q1 2026
| ITOT iShares Core S&P Total U.S. | Reduce -43.6% | 7.33% | −9.48 |
| IBIT iShares Bitcoin Trust ETF | Reduce -4.7% | 9.19% | −6.25 |
| COIN Coinbase Global Inc. Class A | Reduce -5.0% | 8.32% | −5.73 |
| LTPZ PIMCO 15+ YR US Tips Indx | Reduce -38.4% | 2.10% | −2.18 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -49.0% | 6.60% | −1.39 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −1.38 |
| AAPL Apple Inc. | Reduce -0.2% | 4.09% | −1.34 |
| SCHB Schwab US Broad Market ETF | Reduce -27.3% | 1.61% | −1.25 |
| IXUS iShares Core Intl Stock ETF | Reduce -27.1% | 1.68% | −1.11 |
| IWM iShares Russell 2000 ETF | Reduce -70.2% | 0.29% | −0.91 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.29 |
| IVV iShares Core S&P 500 ETF | Reduce -11.0% | 0.63% | −0.29 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -14.7% | 1.48% | +1.17 |
| SGOV iShares 0-3 Month Treasury B | Reduce -18.2% | 2.98% | +2.59 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -32.4% | 34.12% | +20.74 |
Portfolio Buys Q4 2025 → Q1 2026
Options Activity Q4 2025 → Q1 2026
| SDS Proshares Ultrashort S&P500 | put | Sold out | 37,100 | $2.5Mbefore exit |
| SRS Proshares Ultrashort Re | put | Sold out | 23,300 | $1.1Mbefore exit |
| IEF iShares 7-10 Year Treasury B | put | Sold out | 3,500 | $337Kbefore exit |
| TLT iShares 20+ Year Treasury BD | put | Add +98.2% | 11,100 | $52K |
| TIP iShares Tips Bond ETF | put | Add +175.0% | 15,400 | $47K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Sold out | 468 | $264Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.