1y return+13.7%S&P 500 +20.9%
3y return+36.2%S&P 500 +68.5%
5y return+33.5%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2019: $160 against $232 in the S&P 500.2
Sovereign Investment Advisors, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IVVIshares Tr | $68.4M | 12.8% | |
| QQQInvesco Qqq Tr | $38.0M | 7.1% | −1.7% |
| SPYState Str Spdr S&p 500 Etf T | $36.8M | 6.9% | +19.3% |
| IEFAIshares Tr | $31.5M | 5.9% | +1.6% |
| BKGIBny Mellon Etf Trust | $31.3M | 5.9% | −6.8% |
| VNLAJanus Detroit Str Tr | $26.8M | 5.0% | |
| VTHRVanguard Scottsdale Fds | $22.4M | 4.2% | +2939.5% |
| IDEVIshares Tr | $21.8M | 4.1% | +53.6% |
| MPLXMplx LP | $21.1M | 4.0% | |
| BNDVanguard Bd Index Fds | $14.6M | 2.7% | +14.0% |
| USMVIshares Tr | $14.5M | 2.7% | −6.6% |
| IEMGIshares Inc | $13.8M | 2.6% | −13.6% |
| EPDEnterprise Prods Partners L | $12.2M | 2.3% | |
| WESWestern Midstream Partners L | $12.0M | 2.3% | |
| PAAPlains All Amern Pipeline L | $11.8M | 2.2% | |
| VTIVanguard Index Fds | $11.5M | 2.2% | |
| SMTHAlps Etf Tr | $9.6M | 1.8% | |
| JAAAJanus Detroit Str Tr | $9.2M | 1.7% | −1.3% |
| Oneok Inc NewCUSIP 682680103 | $8.3M | 1.6% | |
| VMBSVanguard Scottsdale Fds | $8.1M | 1.5% | +1.0% |
| EMXCIshares Inc | $7.4M | 1.4% | −3.7% |
| IJHIshares Tr | $7.2M | 1.4% | |
| PSXPhillips 66 | $7.1M | 1.3% | |
| AGGIshares Tr | $7.0M | 1.3% | +1.0% |
| LVHDLegg Mason Etf Invt | $6.8M | 1.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| WESWestern Midstream Partners L | September 30, 2020 | +447.0% | $12.0M |
| PAAPlains All Amern Pipeline L | September 30, 2020 | +272.4% | $11.8M |
| MPLXMplx LP | September 30, 2020 | +257.9% | $21.1M |
| IVVIshares Tr | June 30, 2020 | +141.8% | $68.4M |
| VTIVanguard Index Fds | June 30, 2020 | +136.4% | $11.5M |
| EPDEnterprise Prods Partners L | September 30, 2020 | +132.8% | $12.2M |
| IJTIshares Tr | June 30, 2020 | +110.4% | $2.1M |
| PSXPhillips 66 | March 31, 2022 | +95.7% | $7.1M |
| IEMGIshares Inc | June 30, 2020 | +74.0% | $13.8M |
| VXUSVanguard Star Fds | June 30, 2020 | +73.9% | $5.2M |
Sold off last quarter
- IVWIshares Tr was $9.5M
- Exxon Mobil CorpCUSIP 30231G102 was $646K
- LMTLockheed Martin Corp was $235K
- BRK/BBerkshire Hathaway Inc Del was $228K
- QCOMQualcomm Inc was $216K
- IBMInternational Business Machs was $215K
- PEPPepsico Inc was $214K
- SLBSlb Limited was $211K
- SYKStryker Corporation was $206K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +7.9% | +14.8% |
| March 31, 2026 | +2.0% | −4.6% |
| December 31, 2025 | +1.2% | +2.4% |
| September 30, 2025 | +2.1% | +7.8% |
| June 30, 2025 | +1.8% | +10.5% |
| March 31, 2025 | +2.4% | −4.6% |
| December 31, 2024 | −1.1% | +2.1% |
| September 30, 2024 | +4.4% | +5.4% |
| June 30, 2024 | +0.4% | +4.0% |
| March 31, 2024 | +5.9% | +10.0% |
| December 31, 2023 | +5.7% | +11.2% |
| September 30, 2023 | −1.2% | −3.6% |
| June 30, 2023 | +2.1% | +8.3% |
| March 31, 2023 | +3.1% | +7.0% |
| December 31, 2022 | +5.3% | +7.1% |
| September 30, 2022 | −3.2% | −5.3% |
| June 30, 2022 | −9.2% | −16.5% |
| March 31, 2022 | −1.3% | −4.9% |
| December 31, 2021 | +3.9% | +10.7% |
| September 30, 2021 | −1.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Sovereign Investment Advisors, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1908165&type=13F-HR&dateb=&owner=include&count=40CIK 1908165
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1908165/000190816526000009/Filed August 14, 2026 · accession 0001908165-26-000009