POTOMAC FUND MANAGEMENT INC /ADV
CIK 826000 · View on SEC EDGAR ↗
- Portfolio value
- $2.9B
- Positions
- 105
- As of
- March 31, 2026 Data as of Q1 2026
#1,203 of 9,443 by 13F value · top 12.7%
Portfolio value QoQ: +6.1% 13F does not disclose cash
- Top 10 holdings weight
- 90.28%
- Top 25 holdings weight
- 97.52%
- Positions above 1%
- 5
- Effective number of positions
- 2.1
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q1 2026: 72.22% Est. buys $2,181,335,186 · sells $2,019,046,168
Median holding: 5.0 quarters Tracked Q4 2024–Q1 2026 · 70.5% still held
- New positions
- 14
- Increased
- 56
- Decreased
- 35
- Closed
- 16
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Consumer Discretionary
0.6%
Technology
0.3%
Healthcare
0.3%
Financials
0.3%
Energy
0.2%
Industrials
0.2%
Consumer products
0.1%
Retail
0.1%
Communication Services
0.1%
Real Estate
0.1%
Materials
0.1%
Consumer Staples
0.0%
Logistics & Transportation
0.0%
Utilities
0.0%
Financial Services
0.0%
Other/Unmapped
97.4%
Full portfolio 105 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| IVV | $1,969,740,451 | 68.45% | 3,015,478 | $1,968,689,772 | Up ×1 | ||
| XHLF | $322,966,704 | 11.22% | 6,416,982 | $-83,736,847 | Down ×2 | ||
| SGOV iShares 0-3 Month Treasury Bond ETF | $91,163,333 | 3.17% | 905,656 | $5,286,135 | Up ×1 | ||
| SECT | $50,272,700 | 1.75% | 832,467 | $-2,900,861 | Up ×2 | ||
| PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | $29,141,402 | 1.01% | 1,682,529 | Up ×1 | |||
| DBMF | $28,492,383 | 0.99% | 945,021 | $4,383,848 | Up ×2 | ||
| KMLM | $28,070,336 | 0.98% | 995,402 | Up ×1 | |||
| UUP | $27,998,962 | 0.97% | 1,007,882 | ||||
| DXJ | $25,204,071 | 0.88% | 158,936 | $2,115,982 | Down ×1 | ||
| XLV XLV | $25,180,241 | 0.87% | 171,750 | $1,827,455 | Up ×2 | ||
| XLP XLP | $24,819,281 | 0.86% | 302,748 | ||||
| VHT | $24,809,263 | 0.86% | 91,100 | $1,839,121 | Up ×1 | ||
| ROE Astoria US Equal Weight Quality Kings ETF | $24,153,552 | 0.84% | 681,726 | Up ×1 | |||
| SIL SIL | $16,142,336 | 0.56% | 179,200 | $2,454,327 | Up ×1 | ||
| SMH SMH | $15,796,080 | 0.55% | 41,200 | $1,772,978 | Up ×2 | ||
| ILF | $15,657,216 | 0.54% | 440,800 | $1,656,428 | Down ×1 | ||
| XME XME | $15,596,644 | 0.54% | 144,400 | $1,958,149 | Up ×1 | ||
| ITA ITA | $15,509,375 | 0.54% | 70,900 | ||||
| EFV | $15,345,840 | 0.53% | 206,400 | ||||
| XLE XLE | $14,720,778 | 0.51% | 240,300 | Up ×1 | |||
| BUYW | $10,047,156 | 0.35% | 713,576 | $-21,090 | Up ×5 | ||
| EDGF | $7,932,911 | 0.28% | 320,716 | $5,328,359 | Up ×3 | ||
| EDGH | $2,694,410 | 0.09% | 78,761 | $-218,296 | Down ×2 | ||
| SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) | $2,498,696 | 0.09% | 26,868 | $569,410 | Up ×1 | ||
| TMAT | $2,413,871 | 0.08% | 104,091 | $-205,213 | Down ×3 | ||
| MSFT Microsoft Corporation - Common Stock | $2,348,262 | 0.08% | 6,344 | $-631,341 | Up ×3 | ||
| SPYM | $2,331,561 | 0.08% | 30,462 | ||||
| LHX L3Harris Technologies, Inc. Common Stock | $2,305,154 | 0.08% | 6,679 | $160,617 | Down ×3 | ||
| GILD Gilead Sciences, Inc. - Common Stock | $2,259,253 | 0.08% | 16,210 | $157,699 | Down ×4 | ||
| JPM JP Morgan Chase & Co. Common Stock | $2,056,957 | 0.07% | 6,993 | $-145,151 | Up ×1 | ||
| AZN AstraZeneca PLC - American Depositary Shares | $2,050,632 | 0.07% | 10,398 | Up ×1 | |||
| WFC Wells Fargo & Company Common Stock | $1,970,331 | 0.07% | 24,750 | $-278,933 | Up ×1 | ||
| HON Honeywell International Inc. - Common Stock | $1,956,619 | 0.07% | 8,656 | $312,238 | Up ×1 | ||
| MCD McDonald's Corporation Common Stock | $1,917,743 | 0.07% | 6,171 | $90,513 | Up ×1 | ||
| PG Procter & Gamble Company (The) Common Stock | $1,690,880 | 0.06% | 11,706 | $93,228 | Up ×2 | ||
| EDGU | $1,671,091 | 0.06% | 60,145 | $316,463 | Up ×1 | ||
| HD Home Depot, Inc. (The) Common Stock | $1,665,309 | 0.06% | 5,063 | $826 | Up ×1 | ||
| ABT Abbott Laboratories Common Stock | $1,591,570 | 0.06% | 15,502 | $-498,693 | Down ×3 | ||
| COP ConocoPhillips Common Stock | $1,552,661 | 0.05% | 11,763 | $481,371 | Up ×2 | ||
| CMCSA Comcast Corporation - Class A Common Stock | $1,550,251 | 0.05% | 53,997 | $44,921 | Up ×5 | ||
| USB U.S. Bancorp Common Stock | $1,472,642 | 0.05% | 28,315 | $-6,498 | Up ×1 | ||
| ADI Analog Devices, Inc. - Common Stock | $1,448,893 | 0.05% | 4,554 | $7,509 | Down ×3 | ||
| PNC PNC Financial Services Group, Inc. (The) Common Stock | $1,443,846 | 0.05% | 6,939 | $23,907 | Up ×1 | ||
| AJG Arthur J. Gallagher & Co. Common Stock | $1,382,442 | 0.05% | 6,383 | $-130,919 | Up ×2 | ||
| EQIX Equinix, Inc. - Common Stock | $1,380,077 | 0.05% | 1,408 | $330,153 | Up ×1 | ||
| BAC Bank of America Corporation Common Stock | $1,345,461 | 0.05% | 27,599 | $-136,788 | Up ×1 | ||
| Q Qnity Electronics, Inc. Common Stock | $1,345,316 | 0.05% | 11,660 | $380,054 | Down ×1 | ||
| PEP PepsiCo, Inc. - Common Stock | $1,218,589 | 0.04% | 7,847 | $142,534 | Up ×1 | ||
| TEL TE Connectivity plc Ordinary Shares | $1,193,504 | 0.04% | 5,710 | Up ×1 | |||
| DD DuPont de Nemours, Inc. Common Stock | $1,179,241 | 0.04% | 25,748 | $183,933 | Up ×2 | ||
| UPS United Parcel Service, Inc. Common Stock | $1,168,625 | 0.04% | 11,879 | $45,417 | Up ×5 | ||
| WM Waste Management, Inc. Common Stock | $1,059,615 | 0.04% | 4,611 | $112,387 | Up ×2 | ||
| AGG | $977,116 | 0.03% | 9,843 | $68,206 | Up ×2 | ||
| EDGI | $942,964 | 0.03% | 33,285 | $-4,571,668 | Down ×1 | ||
| CVX Chevron Corporation Common Stock | $813,251 | 0.03% | 3,931 | $199,097 | Down ×4 | ||
| VEA | $800,894 | 0.03% | 12,498 | $-57,988 | Down ×5 | ||
| JNJ Johnson & Johnson Common Stock | $775,227 | 0.03% | 3,171 | $38,170 | Down ×4 | ||
| TFLO | $754,155 | 0.03% | 14,895 | $119,343 | Up ×1 | ||
| STIP | $743,550 | 0.03% | 7,189 | $82,871 | Up ×2 | ||
| SOLS Solstice Advanced Materials Inc. - Common Stock | $731,505 | 0.03% | 9,605 | $98,896 | Down ×1 | ||
| SRE DBA Sempra Common Stock | $704,137 | 0.02% | 7,246 | $87,895 | Up ×1 | ||
| VUG | $698,277 | 0.02% | 1,599 | $-27,625 | Up ×1 | ||
| EVRG Evergy, Inc. - Common Stock | $685,165 | 0.02% | 8,364 | $104,462 | Up ×2 | ||
| MCHP Microchip Technology Incorporated - Common Stock | $678,857 | 0.02% | 10,507 | $-31,077 | Down ×4 | ||
| RTX RTX Corporation Common Stock | $664,098 | 0.02% | 3,443 | $17,092 | Down ×3 | ||
| NVDA NVIDIA Corporation - Common Stock | $654,408 | 0.02% | 3,752 | $-51,373 | Down ×1 | ||
| EMN Eastman Chemical Company Common Stock | $639,976 | 0.02% | 8,385 | $132,552 | Up ×5 | ||
| LLY Eli Lilly and Company Common Stock | $607,738 | 0.02% | 661 | $-105,681 | Down ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $601,187 | 0.02% | 1,942 | $-84,767 | Down ×1 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $597,265 | 0.02% | 4,638 | Up ×1 | |||
| AMZN Amazon.com, Inc. - Common Stock | $587,113 | 0.02% | 2,819 | $-525,439 | Down ×1 | ||
| NOW ServiceNow, Inc. Common Stock | $574,398 | 0.02% | 5,494 | $152,972 | Up ×3 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $571,739 | 0.02% | 1,993 | $-55,700 | Down ×1 | ||
| IEI iShares 3-7 Year Treasury Bond ETF | $570,954 | 0.02% | 4,814 | $219,263 | Up ×1 | ||
| VMBS Vanguard Mortgage-Backed Securities ETF | $564,222 | 0.02% | 12,018 | $61,386 | Up ×1 | ||
| MA Mastercard Incorporated Common Stock | $552,841 | 0.02% | 1,106 | $-87,146 | Down ×1 | ||
| ORCL Oracle Corporation Common Stock | $544,430 | 0.02% | 3,701 | $-180,909 | Down ×1 | ||
| VTV | $537,384 | 0.02% | 2,739 | $-23,864 | Down ×5 | ||
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | $534,620 | 0.02% | 4,507 | $-92,680 | Up ×5 | ||
| V Visa Inc. | $525,311 | 0.02% | 1,738 | $-90,299 | Down ×1 | ||
| NTES NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares | $510,387 | 0.02% | 4,559 | $-81,241 | Up ×1 | ||
| IAU | $490,699 | 0.02% | 5,566 | $56,277 | Up ×1 | ||
| EAGG | $490,347 | 0.02% | 10,312 | $55,309 | Up ×3 | ||
| SHY iShares 1-3 Year Treasury Bond ETF | $483,185 | 0.02% | 5,852 | $19,082 | Up ×1 | ||
| BNDX Vanguard Total International Bond ETF | $468,912 | 0.02% | 9,759 | $12,540 | Up ×2 | ||
| BSV | $446,028 | 0.02% | 5,688 | $7,284 | Up ×1 | ||
| SNPE | $427,421 | 0.01% | 7,178 | $-38,027 | Down ×3 | ||
| CSGP CoStar Group, Inc. - Common Stock | $378,672 | 0.01% | 9,387 | Up ×1 | |||
| ZTS Zoetis Inc. Class A Common Stock | $375,446 | 0.01% | 3,176 | $-24,077 | Up ×5 | ||
| MSCI MSCI Inc. Common Stock | $360,651 | 0.01% | 669 | $-19,846 | Up ×3 | ||
| VWO | $327,614 | 0.01% | 6,061 | $-8,564 | Down ×5 | ||
| SBUX Starbucks Corporation - Common Stock | $327,163 | 0.01% | 3,652 | $17,360 | Down ×1 | ||
| IJH | $310,013 | 0.01% | 4,591 | $14,511 | Up ×1 | ||
| AON Aon plc Class A Ordinary Shares (Ireland) | $295,792 | 0.01% | 916 | $-30,785 | Down ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $290,022 | 0.01% | 502 | $-5,977 | Up ×1 | ||
| IDXX IDEXX Laboratories, Inc. - Common Stock | $286,564 | 0.01% | 510 | $-63,202 | Down ×1 | ||
| IJR | $274,388 | 0.01% | 2,207 | $-44,646 | Down ×5 | ||
| ISRG Intuitive Surgical, Inc. - Common Stock | $230,034 | 0.01% | 499 | $-52,013 | Up ×1 | ||
| XLF XLF | $222,016 | 0.01% | 4,497 | $-123 | Up ×1 | ||
| ABNB Airbnb, Inc. - Class A Common Stock | $219,222 | 0.01% | 1,736 | $-17,745 | 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 |
|---|---|---|---|
| BUYW | $10,047,156 | 0.35% | up ×5 |
| EDGF | $7,932,911 | 0.28% | up ×3 |
| MSFT | $2,348,262 | 0.08% | up ×3 |
| CMCSA | $1,550,251 | 0.05% | up ×5 |
| UPS | $1,168,625 | 0.04% | up ×5 |
| EMN | $639,976 | 0.02% | up ×5 |
| NOW | $574,398 | 0.02% | up ×3 |
| SHOP | $534,620 | 0.02% | up ×5 |
| EAGG | $490,347 | 0.02% | up ×3 |
| ZTS | $375,446 | 0.01% | up ×5 |
| MSCI | $360,651 | 0.01% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| PDBC | $29,141,402 | 1,682,529 | 1.01% |
| KMLM | $28,070,336 | 995,402 | 0.98% |
| UUP | $27,998,962 | 1,007,882 | 0.97% |
| XLP | $24,819,281 | 302,748 | 0.86% |
| ROE | $24,153,552 | 681,726 | 0.84% |
| ITA | $15,509,375 | 70,900 | 0.54% |
| EFV | $15,345,840 | 206,400 | 0.53% |
| XLE | $14,720,778 | 240,300 | 0.51% |
| SPYM | $2,331,561 | 30,462 | 0.08% |
| AZN | $2,050,632 | 10,398 | 0.07% |
| TEL | $1,193,504 | 5,710 | 0.04% |
| QCOM | $597,265 | 4,638 | 0.02% |
| CSGP | $378,672 | 9,387 | 0.01% |
| SNDA | $205,981 | 6,387 | 0.01% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| XHLF | Trimmed | -1.7M | -$83.7M |
| EDGF | Bought more | +215K | +$5.3M |
| SGOV | Bought more | +50K | +$5.3M |
| DBMF | Bought more | +86K | +$4.4M |
| SECT | Bought more | +8K | -$2.9M |
| SIL | Bought more | +15K | +$2.5M |
| DXJ | Trimmed | -1K | +$2.1M |
| XME | Bought more | +13K | +$2.0M |
| VHT | Bought more | +11K | +$1.8M |
| XLV | Bought more | +21K | +$1.8M |
2 positions hidden (data completeness check)
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 |
|---|---|---|---|---|
| VOO | March 31, 2026 | 2,653,203 | $1,663,903,198 | No longer tracked |
| SPXL | March 31, 2025 | 2,418,474 | $407,996,564 | No longer tracked |
| SPXL | Dec. 31, 2025 | 1,105,270 | $234,206,713 | No longer tracked |
| UPRO | Dec. 31, 2025 | 2,095,597 | $233,638,110 | No longer tracked |
| SPMD | March 31, 2025 | 1,341,805 | $73,383,315 | No longer tracked |
| XBB | March 31, 2026 | 1,174,307 | $48,316,157 | No longer tracked |
| XCCC | March 31, 2026 | 1,264,638 | $48,087,860 | No longer tracked |
| QQQ | June 30, 2025 | 98,669 | $46,267,867 | |
| USHY | March 31, 2026 | 676,301 | $25,290,276 | No longer tracked |
| VWOB | March 31, 2026 | 374,164 | $25,229,879 | |
| XEMD | March 31, 2026 | 564,718 | $25,175,128 | No longer tracked |
| VTI | March 31, 2026 | 68,273 | $22,889,889 | No longer tracked |
| CWB | March 31, 2026 | 255,798 | $22,817,182 | No longer tracked |
| HYG | Dec. 31, 2025 | 275,943 | $22,403,812 | No longer tracked |
| FALN | Dec. 31, 2025 | 805,526 | $22,377,512 | |
| DGRW | Dec. 31, 2025 | 222,766 | $19,817,263 | |
| JNK | Dec. 31, 2025 | 201,975 | $19,791,530 | No longer tracked |
| EMB | Sept. 30, 2025 | 207,762 | $19,242,916 | |
| VWOB | June 30, 2025 | 269,193 | $17,282,191 | |
| USHY | June 30, 2025 | 467,101 | $17,193,988 | No longer tracked |
| SPHY | June 30, 2025 | 732,526 | $17,155,759 | No longer tracked |
| SPLV | Sept. 30, 2025 | 230,966 | $16,818,944 | No longer tracked |
| XLP | Sept. 30, 2025 | 205,651 | $16,651,561 | No longer tracked |
| UUP | March 31, 2025 | 534,082 | $15,712,692 | No longer tracked |
| CWB | March 31, 2025 | 199,200 | $15,515,688 | No longer tracked |
| DXJ | March 31, 2025 | 136,911 | $15,099,914 | No longer tracked |
| SPLV | March 31, 2025 | 215,088 | $15,056,160 | No longer tracked |
| JEPI | March 31, 2025 | 261,188 | $15,026,146 | No longer tracked |
| VTI | March 31, 2025 | 51,688 | $14,979,699 | No longer tracked |
| TQQQ | June 30, 2025 | 260,997 | $14,955,128 | |
| SDIV | March 31, 2026 | 584,970 | $14,056,829 | No longer tracked |
| IBB | March 31, 2026 | 81,760 | $13,798,635 | 26.6% |
| ARKK | March 31, 2026 | 176,624 | $13,585,918 | No longer tracked |
| ITA | Dec. 31, 2025 | 58,686 | $12,280,632 | No longer tracked |
| FDN | Sept. 30, 2025 | 37,911 | $10,210,570 | No longer tracked |
| IAI | Sept. 30, 2025 | 60,114 | $10,167,682 | No longer tracked |
| EFG | Sept. 30, 2025 | 90,361 | $10,120,432 | No longer tracked |
| SILJ | Sept. 30, 2025 | 681,015 | $10,079,022 | No longer tracked |
| IGF | Sept. 30, 2025 | 169,697 | $10,046,062 | |
| EFV | Sept. 30, 2025 | 158,182 | $10,041,393 | No longer tracked |
| XLF | March 31, 2025 | 182,105 | $8,801,135 | No longer tracked |
| IAI | March 31, 2025 | 61,030 | $8,794,423 | No longer tracked |
| IWP | March 31, 2025 | 67,930 | $8,610,128 | No longer tracked |
| XLY | March 31, 2025 | 38,328 | $8,598,887 | No longer tracked |
| FDN | March 31, 2025 | 35,185 | $8,555,936 | No longer tracked |
| IGV | March 31, 2025 | 85,300 | $8,540,236 | No longer tracked |
| ARKK | March 31, 2025 | 148,183 | $8,412,349 | No longer tracked |
| HYEM | March 31, 2025 | 328,266 | $6,391,339 | No longer tracked |
| SPYM | March 31, 2025 | 55,177 | $3,803,902 | No longer tracked |
| SPYM | Dec. 31, 2025 | 37,732 | $2,955,925 | No longer tracked |
| ABT | March 31, 2025 | 16,399 | $1,854,917 | -13.8% |
| NVO | March 31, 2026 | 32,510 | $1,654,086 | 27.1% |
| BAC | March 31, 2025 | 28,019 | $1,231,429 | 49.6% |
| AZN | March 31, 2025 | 16,763 | $1,098,322 | 125.2% |
| ADI | March 31, 2025 | 5,003 | $1,062,996 | 86.6% |
| AMZN | March 31, 2025 | 3,663 | $803,626 | 35.5% |
| AMGN | Sept. 30, 2025 | 2,118 | $633,317 | 54.5% |
| RTX | March 31, 2025 | 4,292 | $496,704 | 60.5% |
| AMGN | March 31, 2025 | 1,854 | $483,318 | 40.0% |
| DEO | Dec. 31, 2025 | 5,046 | $481,563 | 8.1% |
| NOW | March 31, 2025 | 320 | $339,238 | -18.6% |
| AAPL | March 31, 2025 | 1,247 | $312,276 | 38.7% |
| NFLX | March 31, 2025 | 331 | $295,027 | -91.5% |
| ADBE | March 31, 2026 | 739 | $258,643 | 12.3% |
| XAR | Sept. 30, 2025 | 1,133 | $246,318 | No longer tracked |
| NFLX | Sept. 30, 2025 | 193 | $241,310 | -93.4% |
| SPIB | March 31, 2026 | 6,693 | $226,277 | No longer tracked |
| ABNB | Sept. 30, 2025 | 1,636 | $223,658 | 52.3% |
| ADBE | March 31, 2025 | 502 | $223,229 | -28.8% |
| BSX | March 31, 2026 | 2,317 | $220,926 | -21.2% |
| TMO | June 30, 2025 | 482 | $203,462 | 53.0% |
| INTU | March 31, 2026 | 303 | $200,979 | -16.6% |