Note Advisors, LLC

CIK 2056243 · View on SEC EDGAR ↗

Portfolio value QoQ: +15.2% 13F does not disclose cash

Top 10 holdings weight65.18%

Top 25 holdings weight84.78%

Positions above 1%24

Effective number of positions11.7

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 1.78% Est. buys $19,632,083 · sells $3,837,295

Median holding: 6.0 quarters Tracked Q1 2025–Q2 2026 · 91.5% still held

New positions3

Increased33

Decreased34

Closed2

Portfolio value $230.6M #6,054 of 9,337 by 13F value · top 64.8%

Positions 86

As of June 30, 2026 Data as of Q2 2026

Sector breakdown

Communication Services 1.4%

Technology 1.3%

Financials 0.9%

Consumer Discretionary 0.6%

Retail 0.4%

Industrials 0.3%

Energy 0.1%

Health Care 0.1%

Other/Unmapped 94.8%

Full portfolio 86 positions

					Streak
DFAU Dimensional ETF Trust	$54,811,164	23.77%	1,060,382	$12,530,063	Up ×6
DFCF Dimensional ETF Trust	$24,446,935	10.60%	579,174	$4,325,854	Up ×6
DFAI Dimensional ETF Trust	$19,059,564	8.27%	462,050	$3,107,572	Up ×6
DFAC Dimensional ETF Trust	$11,238,340	4.87%	253,344	$1,510,283	Up ×6
BND Vanguard Total Bond Market ETF	$9,178,624	3.98%	125,032	$574,122	Up ×5
DFAE Dimensional ETF Trust	$7,643,640	3.32%	190,093	$1,360,443	Up ×6
VONE Vanguard Russell 1000 ETF	$7,239,510	3.14%	21,373	$726,466	Down ×6
VNQ VANGUARD SPECIALIZED FUNDS	$5,922,667	2.57%	61,419	$509,010	Up ×6
NYF iShares Trust	$5,421,146	2.35%	100,569	$303,306	Up ×6
VYMI Vanguard International High Dividend Yield ETF	$5,315,370	2.31%	54,128	$391,801	Up ×6
FPE First Trust Exchange-Traded Fund III	$4,215,264	1.83%	235,753	$412,486	Up ×1
LQD iShares Trust	$4,167,312	1.81%	38,208	$354,114	Up ×6
DFGX Dimensional Global ex US Core Fixed Income ETF	$3,687,644	1.60%	68,806	$465,610	Up ×6
BNDX Vanguard Total International Bond ETF	$3,530,439	1.53%	72,898	$-24,035	Down ×1
VEA VANGUARD TAX-MANAGED FUNDS	$3,226,271	1.40%	45,281	$349,720	Up ×1
SPIP SPDR SERIES TRUST	$3,103,504	1.35%	120,853	$116,257	Up ×5
DFAR Dimensional ETF Trust	$2,988,571	1.30%	114,242	$725,384	Up ×6
DFNM Dimensional ETF Trust	$2,972,699	1.29%	61,502	$206,131	Up ×6
QYLD Global X NASDAQ 100 Covered Call ETF	$2,817,984	1.22%	152,902	$255,637	Up ×6
DCOR Dimensional ETF Trust	$2,733,787	1.19%	33,347	$550,195	Up ×6
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	$2,438,347	1.06%	80,288	$-63,762	Up ×1
SCHD SCHWAB STRATEGIC TRUST	$2,423,183	1.05%	76,417	$138,658	Up ×6
JEPI J.P. Morgan Exchange-Traded Fund Trust	$2,348,156	1.02%	41,575	$121,255	Up ×6
VIG VANGUARD SPECIALIZED FUNDS	$2,311,541	1.00%	9,769	$281,375	Up ×6
GOOG Alphabet Inc. - Class C Capital Stock	$2,235,205	0.97%	6,326	$411,891	Down ×1
VTEB VANGUARD MUNICIPAL BOND FUNDS	$1,945,560	0.84%	38,465	$174,764	Up ×1
PZT Invesco Exchange-Traded Fund Trust II	$1,851,688	0.80%	81,448	$236,208	Up ×3
EMHY iShares, Inc.	$1,490,901	0.65%	36,663		Up ×1
IXUS iShares Core MSCI Total International Stock ETF	$1,322,035	0.57%	13,852	$121,551	Down ×1
IWB iShares Trust	$1,296,068	0.56%	3,165	$166,486	Down ×1
DFIC Dimensional ETF Trust	$1,203,759	0.52%	32,307	$57,241	Up ×1
SPHY SPDR SERIES TRUST	$1,186,580	0.51%	50,622	$70,252	Up ×5
TIP iShares Trust	$1,177,795	0.51%	10,763	$-83,841	Down ×2
AAPL Apple Inc. - Common Stock	$1,096,878	0.48%	3,791	$114,353	Down ×1
MCD McDonald's Corporation Common Stock	$1,088,559	0.47%	4,027	$-163,015
MUB iShares Trust	$1,041,439	0.45%	9,677	$-1,803	Down ×1
IAGG iShares Trust	$978,199	0.42%	19,332	$-19,248	Down ×1
GIGB Goldman Sachs ETF Trust	$916,869	0.40%	19,971	$-115,967	Down ×1
NBTB NBT Bancorp Inc. - Common Stock	$891,008	0.39%	18,048	$129,702	Up ×1
MSFT Microsoft Corporation - Common Stock	$792,599	0.34%	2,125	$-121,155	Down ×2
UAL United Airlines Holdings, Inc. - Common Stock	$790,510	0.34%	5,813	$248,770	Down ×1
VTC Vanguard Total Corporate Bond ETF	$715,008	0.31%	9,310	$-279
VWO VANGUARD INTERNATIONAL EQUITY INDEX FUNDS	$631,009	0.27%	10,571	$55,540	Down ×1
GOOGL Alphabet Inc. - Class A Common Stock	$585,015	0.25%	1,637	$91,274	Down ×1
AVGO Broadcom Inc. - Common Stock	$565,492	0.25%	1,497	$102,156
QQQ Invesco QQQ Trust, Series 1	$512,534	0.22%	696	$110,817
VTWV Vanguard Russell 2000 Value ETF	$493,877	0.21%	2,527	$77,499	Up ×2
VXUS Vanguard Total International Stock ETF	$486,096	0.21%	5,686	$47,649
VTV VANGUARD INDEX FUNDS	$479,228	0.21%	2,199	$46,607	Down ×1
XHLF BondBloxx ETF Trust	$473,625	0.21%	9,416	$-466,891	Down ×2
XYLD Global X Funds	$451,015	0.20%	11,057	$-11,032	Down ×1
VOE VANGUARD INDEX FUNDS	$447,169	0.19%	2,263	$28,116	Down ×1
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B	$426,899	0.19%	853	$15,202	Down ×1
DFIP Dimensional ETF Trust	$422,823	0.18%	10,249	$-4,765
ADI Analog Devices, Inc. - Common Stock	$420,629	0.18%	1,059	$73,836	Down ×1
VWOB Vanguard Emerging Markets Government Bond ETF	$419,443	0.18%	6,238	$-278,382	Down ×1
SCHZ SCHWAB STRATEGIC TRUST	$415,908	0.18%	17,981	$7,710	Up ×3
AMZN Amazon.com, Inc. - Common Stock	$395,536	0.17%	1,660	$-13,412	Down ×1
SCHR SCHWAB STRATEGIC TRUST	$369,111	0.16%	14,968	$-3,742
MTB M&T Bank Corporation Common Stock	$366,291	0.16%	1,539	$43,406	Down ×1
AGG iShares Trust	$365,731	0.16%	3,695	$2,403	Up ×4
SGOV iShares Trust	$365,633	0.16%	3,632	$36
PFFD Global X Funds	$338,999	0.15%	18,138	$-55,055	Down ×2
META Meta Platforms, Inc. - Class A Common Stock	$329,030	0.14%	584	$15,433	Up ×2
EEM iShares, Inc.	$324,605	0.14%	4,745	$55,136
ESGU iShares ESG Aware MSCI USA ETF	$323,085	0.14%	1,974	$43,922
EMTL SSGA Active Trust	$305,502	0.13%	7,154	$-1,093,543	Down ×1
BCD abrdn ETFs	$305,438	0.13%	8,944	$55,228	Up ×1
HD Home Depot, Inc. (The) Common Stock	$287,097	0.12%	814	$-29,309	Down ×1
DGRO iShares Trust	$277,164	0.12%	3,657	$18,551	Down ×4
SPYV SPDR SERIES TRUST	$272,582	0.12%	4,484	$18,877
JPM JP Morgan Chase & Co. Common Stock	$262,846	0.11%	803	$19,282	Down ×1
XOM Exxon Mobil Corporation Common Stock	$255,973	0.11%	1,872	$-61,672
HDV iShares Trust	$254,118	0.11%	9,271	$-3,343	Up ×1
C Citigroup, Inc. Common Stock	$242,831	0.11%	1,735	$31,548	Down ×1
WMT Walmart Inc. - Common Stock	$242,645	0.11%	2,142	$-23,609
VTI VANGUARD INDEX FUNDS	$241,266	0.10%	652	$-327,209	Down ×1
TSLA Tesla, Inc. - Common Stock	$231,981	0.10%	552	$26,943
MDYV SPDR SERIES TRUST	$227,925	0.10%	2,403	$23,310
SCZ iShares MSCI EAFE Small-Cap ETF	$227,394	0.10%	2,764	$10,198	Down ×1
EVSD Eaton Vance Short Duration Income ETF	$221,931	0.10%	4,364	$-371
SPYM State Street SPDR Portfolio S&P 500 ETF	$221,370	0.10%	2,519
NVDA NVIDIA Corporation - Common Stock	$212,036	0.09%	1,060	$-37,299	Down ×1
ICF iShares Trust	$208,233	0.09%	3,079	$-17,789	Down ×1
SCHX SCHWAB STRATEGIC TRUST	$202,684	0.09%	6,887		Up ×1
COR Cencora, Inc. Common Stock	$201,482	0.09%	712	$-28,783	Down ×1
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security	Value	% of portfolio	Streak
DFAU	$54,811,164	23.77%	up ×6
DFCF	$24,446,935	10.60%	up ×6
DFAI	$19,059,564	8.27%	up ×6
DFAC	$11,238,340	4.87%	up ×6
BND	$9,178,624	3.98%	up ×5
DFAE	$7,643,640	3.32%	up ×6
VNQ	$5,922,667	2.57%	up ×6
NYF	$5,421,146	2.35%	up ×6
VYMI	$5,315,370	2.31%	up ×6
LQD	$4,167,312	1.81%	up ×6
DFGX	$3,687,644	1.60%	up ×6
SPIP	$3,103,504	1.35%	up ×5
DFAR	$2,988,571	1.30%	up ×6
DFNM	$2,972,699	1.29%	up ×6
QYLD	$2,817,984	1.22%	up ×6

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
EMHY	$1,490,901	36,663	0.65%
SPYM	$221,370	2,519	0.10%
SCHX	$202,684	6,887	0.09%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
DFAU	Bought more	+123K	+$12.5M
DFCF	Bought more	+103K	+$4.3M
DFAI	Bought more	+53K	+$3.1M
DFAC	Bought more	+3K	+$1.5M
DFAE	Bought more	+5K	+$1.4M
EMTL	Trimmed	-26K	-$1.1M
VONE	Trimmed	-696	+$726K
DFAR	Bought more	+19K	+$725K
BND	Bought more	+8K	+$574K
DCOR	Bought more	+3K	+$550K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
FPE	Dec. 31, 2025	51,885	$946,382
EVBN	June 30, 2025	12,597	$490,918	No longer tracked
EZM	June 30, 2025	5,718	$340,793
URI	Dec. 31, 2025	350	$334,131	33.6%
ANGL	June 30, 2025	11,084	$319,884	-3.9%
VTI	June 30, 2025	1,118	$307,271
ORCL	Dec. 31, 2025	906	$254,803	-27.0%
GLTR	June 30, 2026	1,044	$228,344
ANGL	June 30, 2026	7,472	$214,596
NVDA	Dec. 31, 2025	1,118	$208,541	25.4%
V	Dec. 31, 2025	608	$207,650	2.8%
SPYM	March 31, 2026	2,504	$201,923	18.4%
BX	Dec. 31, 2025	1,174	$200,578	-27.5%