Peirce Capital Management, LLC

CIK 2008166 · View on SEC EDGAR ↗

Portfolio value QoQ: +1.8% 13F does not disclose cash

Top 10 holdings weight80.20%

Top 25 holdings weight96.51%

Positions above 1%16

Effective number of positions11.9

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

Turnover Q1 2026: 1.6% Est. buys $4,065,658 · sells $6,407,607

Median holding: 5.0 quarters Tracked Q1 2025–Q1 2026 · 81.1% still held

New positions3

Increased10

Decreased19

Closed3

Portfolio value $255.7M #5,728 of 9,337 by 13F value · top 61.3%

Positions 43

As of March 31, 2026 Data as of Q1 2026

Sector breakdown

Energy 1.1%

Technology 0.8%

Materials 0.3%

Consumer Discretionary 0.2%

Healthcare 0.1%

Retail 0.1%

Other/Unmapped 97.4%

Full portfolio 43 positions

					Streak
BSVO EA Bridgeway Omni Small-Cap Value ETF	$46,110,406	18.04%	1,817,517	$3,378,099	Down ×1
DFAC Dimensional ETF Trust	$31,069,126	12.15%	799,514	$-816,008	Down ×4
ITOT iShares Trust	$22,703,463	8.88%	159,401	$83,527	Up ×1
AVDV AMERICAN CENTURY ETF TRUST	$22,098,222	8.64%	221,292	$-105,609	Down ×2
DFIV Dimensional ETF Trust	$16,960,598	6.63%	321,345	$11,613	Down ×5
DFEM Dimensional ETF Trust	$16,481,454	6.45%	477,032	$197,304	Down ×2
VGIT Vanguard Intermediate-Term Treasury ETF	$15,852,218	6.20%	266,200	$655,679	Up ×3
IDEV iShares Core MSCI International Developed Markets ETF	$14,916,619	5.83%	178,493	$291,388	Up ×1
DFUV Dimensional ETF Trust	$9,428,087	3.69%	194,554	$260,666	Down ×1
DFSD Dimensional ETF Trust	$9,424,176	3.69%	196,829	$439,081	Up ×3
DFAX Dimensional ETF Trust	$7,693,023	3.01%	226,465	$43,172	Down ×5
DFGR Dimensional ETF Trust	$6,725,351	2.63%	253,023	$77,101	Up ×3
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares	$6,591,465	2.58%	131,961	$388,278	Up ×3
AVUV AMERICAN CENTURY ETF TRUST	$4,146,602	1.62%	37,536	$-80,367	Down ×3
VTI Vanguard Morningstar Total Stock Market ETF	$3,590,506	1.40%	11,192	$-261,746	Down ×2
DFIC Dimensional ETF Trust	$2,775,408	1.09%	78,115	$-236,935	Down ×1
DISV Dimensional ETF Trust	$1,797,636	0.70%	45,579	$9,736	Down ×1
SPDW State Street SPDR Portfolio Developed World ex-US ETF	$1,428,936	0.56%	31,302	$38,814
DFAU Dimensional ETF Trust	$1,175,556	0.46%	26,054	$-43,771
DFAT Dimensional ETF Trust	$1,142,480	0.45%	18,294	$30,849	Down ×1
REET iShares Trust	$1,141,634	0.45%	45,393	$-32,363	Down ×2
MSFT Microsoft Corporation - Common Stock	$1,068,005	0.42%	2,885	$-327,323
IEMG iShares, Inc.	$906,310	0.35%	12,994	$16,270	Down ×3
XOM Exxon Mobil Corporation Common Stock	$813,555	0.32%	4,795	$297,087	Up ×2
DFSV Dimensional ETF Trust	$698,452	0.27%	19,933	$42,856
COP ConocoPhillips Common Stock	$684,024	0.27%	5,182	$259,596	Up ×1
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF	$680,390	0.27%	8,606	$-131,575	Down ×1
CMC Commercial Metals Company Common Stock	$673,641	0.26%	10,966	$-85,426
ESGV VANGUARD WORLD FUND	$660,278	0.26%	5,881	$-50,879	Up ×4
IVLU iShares Trust	$658,807	0.26%	16,603	$-30,811	Down ×1
NVDA NVIDIA Corporation - Common Stock	$646,501	0.25%	3,707	$-44,855
TSLA Tesla, Inc. - Common Stock	$606,696	0.24%	1,632	$-104,311	Up ×1
TALO Talos Energy, Inc. Common Stock	$575,366	0.23%	36,508	$173,048
VWO Vanguard FTSE Emerging Markets ETF	$570,049	0.22%	10,547	$-9,645	Down ×1
VB Vanguard Morningstar Small-Cap ETF	$522,530	0.20%	1,995		Up ×1
RSP Invesco Exchange-Traded Fund Trust	$443,251	0.17%	2,310
CVX Chevron Corporation Common Stock	$435,938	0.17%	2,107	$24,736	Down ×1
LNG Cheniere Energy, Inc. Common Stock	$356,686	0.14%	1,257	$112,338
LLY Eli Lilly and Company Common Stock	$346,753	0.14%	377	$-58,401
DFAE Dimensional ETF Trust	$344,864	0.13%	10,185	$13,139
AMZN Amazon.com, Inc. - Common Stock	$262,212	0.10%	1,259	$-47,087	Down ×1
AAPL Apple Inc. - Common Stock	$235,771	0.09%	929	$-16,787
VUG Vanguard Morningstar Growth ETF	$207,912	0.08%	476		Up ×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
VGIT	$15,852,218	6.20%	up ×3
DFSD	$9,424,176	3.69%	up ×3
DFGR	$6,725,351	2.63%	up ×3
VTIP	$6,591,465	2.58%	up ×3
ESGV	$660,278	0.26%	up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
VB	$522,530	1,995	0.20%
RSP	$443,251	2,310	0.17%
VUG	$207,912	476	0.08%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
BSVO	Trimmed	-16K	+$3.4M
DFAC	Trimmed	-6K	-$816K
VGIT	Bought more	+13K	+$656K
DFSD	Bought more	+9K	+$439K
VTIP	Bought more	+7K	+$388K
MSFT	Price move only	+0	-$327K
XOM	Bought more	+503	+$297K
IDEV	Bought more	+1K	+$291K
VTI	Trimmed	-298	-$262K
DFUV	Trimmed	-2K	+$261K

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
RSP	Sept. 30, 2025	15,252	$2,771,816	11.3%
EQAL	Sept. 30, 2025	24,113	$1,187,315
VOE	Sept. 30, 2025	6,826	$1,122,522
VNQ	Sept. 30, 2025	9,543	$849,915
QTWO	March 31, 2026	6,501	$469,083	21.4%
MCHP	March 31, 2026	6,000	$382,320	25.8%
MGY	March 31, 2026	11,731	$256,792	-24.2%
VBR	Sept. 30, 2025	1,148	$223,870
VBK	Sept. 30, 2025	758	$209,856
OXY	June 30, 2025	4,143	$204,498	38.8%
ABBV	Dec. 31, 2025	873	$202,237	16.7%