TRAPHAGEN INVESTMENT ADVISORS LLC
CIK 2023380 · View on SEC EDGAR ↗
- Portfolio value
- $1.4B
- Positions
- 219
- As of
- June 30, 2026
#1,952 of 9,443 by 13F value · top 20.7%
Portfolio value QoQ: +13.0% 13F does not disclose cash
- Top 10 holdings weight
- 67.82%
- Top 25 holdings weight
- 84.72%
- Positions above 1%
- 18
- Effective number of positions
- 10.7
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 4.3% Est. buys $96,011,443 · sells $56,463,134
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 83.9% still held
- New positions
- 24
- Increased
- 118
- Decreased
- 65
- Closed
- 12
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
Technology
5.3%
Financial Services
2.4%
Retail
1.0%
Industrials
1.0%
Communication Services
0.8%
Healthcare
0.8%
Utilities
0.6%
Financials
0.5%
Energy
0.4%
Consumer Staples
0.4%
Communications
0.2%
Telecommunication
0.2%
Consumer Discretionary
0.2%
Consumer products
0.1%
Materials
0.0%
Logistics & Transportation
0.0%
Real Estate
0.0%
Other/Unmapped
86.0%
Full portfolio 219 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| IVV | $361,317,458 | 25.91% | 482,471 | $50,146,572 | Up ×6 | ||
| AVUS | $130,097,334 | 9.33% | 1,015,751 | $12,942,065 | Down ×2 | ||
| VFLO VictoryShares Free Cash Flow ETF | $99,175,219 | 7.11% | 2,167,764 | $13,037,678 | Down ×2 | ||
| GFLW VictoryShares Free Cash Flow Growth ETF | $78,581,140 | 5.63% | 2,292,105 | $43,659,403 | Up ×3 | ||
| JSI | $55,346,695 | 3.97% | 1,080,779 | $3,216,822 | Up ×4 | ||
| GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | $51,877,877 | 3.72% | 270,550 | $6,050,690 | Down ×2 | ||
| AAPL Apple Inc. - Common Stock | $46,051,049 | 3.30% | 159,148 | $10,161,601 | Up ×3 | ||
| JAAA | $44,473,382 | 3.19% | 880,835 | $1,158,985 | Up ×6 | ||
| FENI | $41,815,578 | 3.00% | 1,042,003 | $15,887,021 | Up ×1 | ||
| TPYP Tortoise North American Pipeline ETF | $37,125,987 | 2.66% | 885,428 | $449,585 | Up ×4 | ||
| FUTY | $26,262,330 | 1.88% | 449,543 | $2,794,378 | Up ×3 | ||
| VGIT Vanguard Intermediate-Term Treasury ETF | $26,068,809 | 1.87% | 441,994 | $234,454 | Up ×1 | ||
| SGOV iShares 0-3 Month Treasury Bond ETF | $25,271,536 | 1.81% | 251,033 | $-573,590 | Down ×2 | ||
| GPZ | $22,753,979 | 1.63% | 1,061,286 | $1,140,227 | Up ×4 | ||
| ALAI | $18,866,070 | 1.35% | 413,367 | $8,332,191 | Up ×2 | ||
| VOO | $17,634,799 | 1.26% | 25,676 | $3,255,277 | Up ×2 | ||
| VTI | $17,231,717 | 1.24% | 46,567 | $2,927,443 | Up ×2 | ||
| BPRE Bluerock Private Real Estate Fund Common Shares of Beneficial Interest | $15,201,073 | 1.09% | 1,168,414 | $-4,248,690 | Down ×1 | ||
| CME CME Group Inc. - Class A Common Stock | $10,731,299 | 0.77% | 48,595 | $-3,609,464 | Up ×6 | ||
| BITB | $10,512,625 | 0.75% | 329,963 | $-647,220 | Up ×6 | ||
| BRKA | $10,483,900 | 0.75% | 14 | $429,940 | |||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $10,253,430 | 0.74% | 10,138 | $1,677,510 | Up ×3 | ||
| SCHD | $8,826,787 | 0.63% | 278,360 | $1,777,548 | Up ×6 | ||
| NVDA NVIDIA Corporation - Common Stock | $7,893,641 | 0.57% | 39,450 | $961,879 | Down ×1 | ||
| TLTW | $7,715,231 | 0.55% | 345,355 | $6,135,001 | Up ×4 | ||
| SHY iShares 1-3 Year Treasury Bond ETF | $7,308,087 | 0.52% | 89,004 | $-5,335,423 | Down ×2 | ||
| ICE Intercontinental Exchange Inc. Common Stock | $6,917,255 | 0.50% | 56,188 | $-1,918,039 | Up ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $5,816,868 | 0.42% | 15,594 | $93,690 | Up ×3 | ||
| IGM | $5,424,596 | 0.39% | 33,162 | $1,463,798 | Down ×4 | ||
| PZA | $5,172,445 | 0.37% | 219,917 | $156,007 | Up ×2 | ||
| PEG Public Service Enterprise Group Incorporated Common Stock | $4,884,209 | 0.35% | 60,180 | $24,753 | Up ×2 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $4,770,778 | 0.34% | 13,502 | $794,907 | Down ×2 | ||
| AMZN Amazon.com, Inc. - Common Stock | $4,678,443 | 0.34% | 19,629 | $705,497 | Up ×1 | ||
| MUB | $4,493,654 | 0.32% | 41,755 | $-617,052 | Down ×2 | ||
| JPM JP Morgan Chase & Co. Common Stock | $4,405,522 | 0.32% | 13,459 | $448,341 | Up ×3 | ||
| BRKB | $4,313,328 | 0.31% | 8,620 | $203,724 | Up ×1 | ||
| HD Home Depot, Inc. (The) Common Stock | $4,056,565 | 0.29% | 11,502 | $159,766 | Down ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $4,006,706 | 0.29% | 11,212 | $831,430 | Up ×1 | ||
| GBTC | $3,792,472 | 0.27% | 83,314 | $-668,713 | Down ×6 | ||
| CAT Caterpillar, Inc. Common Stock | $3,397,759 | 0.24% | 3,191 | $1,134,036 | Down ×4 | ||
| SCHX | $3,301,457 | 0.24% | 112,180 | $432,689 | Up ×2 | ||
| IBIT iShares Bitcoin Trust ETF | $3,013,799 | 0.22% | 90,532 | $-312,760 | Up ×6 | ||
| SPY SPY | $2,941,867 | 0.21% | 3,939 | $247,899 | Down ×1 | ||
| COWZ | $2,828,511 | 0.20% | 45,474 | $-517,850 | Down ×6 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $2,762,990 | 0.20% | 23,523 | $859,961 | Down ×5 | ||
| STRV Strive 500 ETF | $2,647,742 | 0.19% | 54,819 | $356,364 | Up ×1 | ||
| JNJ Johnson & Johnson Common Stock | $2,494,344 | 0.18% | 9,821 | $120,932 | Up ×1 | ||
| ABBV AbbVie Inc. Common Stock | $2,383,466 | 0.17% | 9,472 | $293,127 | Down ×2 | ||
| VXF | $2,374,799 | 0.17% | 9,645 | $315,306 | Down ×1 | ||
| SCHB | $2,342,080 | 0.17% | 80,873 | $194,600 | Down ×6 | ||
| XOM Exxon Mobil Corporation Common Stock | $2,322,261 | 0.17% | 16,986 | $-493,044 | Up ×6 | ||
| CVX Chevron Corporation Common Stock | $2,298,409 | 0.16% | 13,866 | $-673,833 | Down ×1 | ||
| VZ Verizon Communications Inc. Common Stock | $2,199,142 | 0.16% | 51,940 | $-353,055 | Up ×2 | ||
| GE GE Aerospace Common Stock | $2,140,449 | 0.15% | 5,727 | $487,501 | Down ×1 | ||
| TXXI | $2,094,740 | 0.15% | 41,194 | $791,917 | Up ×1 | ||
| FTEC | $2,046,432 | 0.15% | 7,166 | $555,900 | Up ×1 | ||
| MU Micron Technology, Inc. - Common Stock | $2,035,963 | 0.15% | 1,764 | $1,503,940 | Up ×3 | ||
| QQQ Invesco QQQ Trust, Series 1 | $2,014,510 | 0.14% | 2,736 | $299,408 | Down ×1 | ||
| VIG | $1,919,574 | 0.14% | 8,112 | $220,635 | Up ×3 | ||
| IWF | $1,858,303 | 0.13% | 14,966 | $991,362 | Up ×2 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $1,851,315 | 0.13% | 3,287 | $3,363 | Up ×1 | ||
| GEV GE Vernova Inc. Common Stock | $1,782,747 | 0.13% | 1,517 | $459,704 | Up ×6 | ||
| COST Costco Wholesale Corporation - Common Stock | $1,767,159 | 0.13% | 1,889 | $-119,456 | Down ×1 | ||
| V Visa Inc. | $1,753,091 | 0.13% | 5,110 | $-176,139 | Down ×2 | ||
| WMT Walmart Inc. - Common Stock | $1,721,504 | 0.12% | 15,200 | $-123,517 | Up ×1 | ||
| INTC Intel Corporation - Common Stock | $1,703,793 | 0.12% | 12,202 | $1,162,397 | Down ×1 | ||
| AVUV | $1,611,354 | 0.12% | 12,916 | $-377 | Down ×6 | ||
| LLY Eli Lilly and Company Common Stock | $1,542,577 | 0.11% | 1,286 | $381,714 | Up ×2 | ||
| COWG Pacer US Large Cap Cash Cows Growth Leaders ETF | $1,536,132 | 0.11% | 38,263 | $-28,457,994 | Down ×4 | ||
| KLAC KLA Corporation - Common Stock | $1,499,910 | 0.11% | 4,971 | $792,994 | Up ×4 | ||
| TSLA Tesla, Inc. - Common Stock | $1,489,970 | 0.11% | 3,542 | $118,434 | Down ×2 | ||
| IEI iShares 3-7 Year Treasury Bond ETF | $1,328,669 | 0.10% | 11,313 | $-805,875 | Down ×6 | ||
| ORCL Oracle Corporation Common Stock | $1,294,513 | 0.09% | 8,833 | $33,734 | Up ×3 | ||
| ED Consolidated Edison, Inc. Common Stock | $1,291,515 | 0.09% | 11,674 | $-28,607 | Up ×4 | ||
| IJH | $1,269,498 | 0.09% | 16,463 | $157,794 | Up ×1 | ||
| T AT&T Inc. | $1,184,448 | 0.08% | 57,220 | $-348,042 | Up ×2 | ||
| SUSA | $1,166,201 | 0.08% | 7,558 | $168,904 | Up ×3 | ||
| MDLZ Mondelez International, Inc. - Class A Common Stock | $1,145,094 | 0.08% | 19,798 | $-41,393 | Down ×1 | ||
| GINN | $1,129,213 | 0.08% | 14,336 | $60,917 | Down ×6 | ||
| LMT Lockheed Martin Corporation Common Stock | $1,111,049 | 0.08% | 2,181 | $-180,251 | Up ×1 | ||
| KO Coca-Cola Company (The) Common Stock | $1,102,500 | 0.08% | 13,566 | $49,000 | Down ×1 | ||
| BTC | $1,096,247 | 0.08% | 42,245 | $-155,612 | Up ×5 | ||
| GSLC | $1,080,696 | 0.08% | 7,616 | $129,493 | Up ×2 | ||
| PM Philip Morris International Inc Common Stock | $1,041,321 | 0.07% | 5,756 | $108,666 | Up ×3 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $1,023,233 | 0.07% | 1,761 | $645,701 | Down ×2 | ||
| IBM International Business Machines Corporation Common Stock | $1,014,759 | 0.07% | 3,609 | $143,152 | Up ×1 | ||
| VXUS Vanguard Total International Stock ETF | $999,289 | 0.07% | 11,689 | $103,055 | Up ×5 | ||
| ESGU iShares ESG Aware MSCI USA ETF | $987,406 | 0.07% | 6,033 | $125,518 | Down ×6 | ||
| CRWD CrowdStrike Holdings, Inc. - Class A Common Stock | $981,012 | 0.07% | 1,285 | $502,176 | Up ×2 | ||
| VV | $954,229 | 0.07% | 2,775 | $90,407 | Down ×1 | ||
| MA Mastercard Incorporated Common Stock | $953,733 | 0.07% | 1,857 | $12,595 | Down ×2 | ||
| TXN Texas Instruments Incorporated - Common Stock | $950,259 | 0.07% | 3,188 | $363,919 | Up ×2 | ||
| VO | $897,095 | 0.06% | 11,134 | $97,704 | Up ×1 | ||
| ADP Automatic Data Processing, Inc. - Common Stock | $865,928 | 0.06% | 3,867 | $80,486 | Up ×1 | ||
| BK The Bank of New York Mellon Corporation Common Stock | $848,012 | 0.06% | 5,864 | $640,480 | Up ×1 | ||
| LRCX Lam Research Corporation - Common Stock | $836,894 | 0.06% | 1,931 | $427,260 | Up ×1 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $822,632 | 0.06% | 1,931 | $140,845 | Up ×3 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $807,008 | 0.06% | 6,280 | $11,285 | Down ×4 | ||
| ITOT | $789,062 | 0.06% | 4,803 | $-12,101 | Down ×1 | ||
| BAC Bank of America Corporation Common Stock | $780,779 | 0.06% | 13,703 | $122,029 | Up ×2 | ||
| 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 |
|---|---|---|---|
| IVV | $361,317,458 | 25.91% | up ×6 |
| GFLW | $78,581,140 | 5.63% | up ×3 |
| JSI | $55,346,695 | 3.97% | up ×4 |
| AAPL | $46,051,049 | 3.30% | up ×3 |
| JAAA | $44,473,382 | 3.19% | up ×6 |
| TPYP | $37,125,987 | 2.66% | up ×4 |
| FUTY | $26,262,330 | 1.88% | up ×3 |
| GPZ | $22,753,979 | 1.63% | up ×4 |
| CME | $10,731,299 | 0.77% | up ×6 |
| BITB | $10,512,625 | 0.75% | up ×6 |
| GS | $10,253,430 | 0.74% | up ×3 |
| SCHD | $8,826,787 | 0.63% | up ×6 |
| TLTW | $7,715,231 | 0.55% | up ×4 |
| MSFT | $5,816,868 | 0.42% | up ×3 |
| JPM | $4,405,522 | 0.32% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| IVE | $465,574 | 2,050 | 0.03% |
| BOTZ | $422,128 | 11,126 | 0.03% |
| Unknown issuer (CUSIP: 438516205) | $366,973 | 1,639 | 0.03% |
| Unknown issuer (CUSIP: 43849R105) | $362,351 | 1,639 | 0.03% |
| PLD | $325,926 | 2,406 | 0.02% |
| VEA | $286,792 | 4,025 | 0.02% |
| SPYM | $280,011 | 3,186 | 0.02% |
| D | $267,150 | 3,912 | 0.02% |
| STX | $257,655 | 267 | 0.02% |
| IGV | $249,947 | 2,759 | 0.02% |
| CB | $224,217 | 658 | 0.02% |
| IEMG | $217,429 | 2,625 | 0.02% |
| ASML | $216,840 | 109 | 0.02% |
| IJR | $213,021 | 1,436 | 0.02% |
| HUT | $212,583 | 1,841 | 0.02% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| IVV | Bought more | +6K | +$50.1M |
| GFLW | Bought more | +964K | +$43.7M |
| FENI | Bought more | +345K | +$15.9M |
| VFLO | Trimmed | -14K | +$13.0M |
| AVUS | Trimmed | -38K | +$12.9M |
| AAPL | Bought more | +18K | +$10.2M |
| ALAI | Bought more | +95K | +$8.3M |
| TLTW | Bought more | +275K | +$6.1M |
| GRID | Trimmed | -10K | +$6.1M |
| SHY | Trimmed | -64K | -$5.3M |
1 position 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 |
|---|---|---|---|---|
| TPYPXXXX | June 30, 2025 | 692,171 | $25,174,256 | No longer tracked |
| GOVZ | June 30, 2025 | 625,223 | $6,421,044 | No longer tracked |
| TLT | June 30, 2025 | 26,196 | $2,384,644 | |
| BND | Dec. 31, 2025 | 13,827 | $1,028,277 | |
| HON | June 30, 2026 | 3,427 | $774,590 | -1.9% |
| BNDX | Dec. 31, 2025 | 8,740 | $432,270 | |
| ULTA | March 31, 2026 | 580 | $350,985 | -0.8% |
| VUG | March 31, 2025 | 852 | $349,506 | No longer tracked |
| UNH | March 31, 2026 | 1,039 | $342,911 | 43.1% |
| ULXXXX | Dec. 31, 2025 | 5,360 | $317,752 | No longer tracked |
| GILD | June 30, 2026 | 2,140 | $298,197 | 14.6% |
| UPS | Sept. 30, 2025 | 2,835 | $286,176 | 23.7% |
| TKO | June 30, 2026 | 1,406 | $283,545 | -4.0% |
| CMCSA | June 30, 2026 | 9,351 | $268,455 | 7.8% |
| SPGI | March 31, 2026 | 509 | $265,920 | 2.0% |
| XLU | March 31, 2025 | 3,494 | $264,437 | No longer tracked |
| AVGO | Sept. 30, 2025 | 947 | $261,100 | 13.0% |
| FAST | June 30, 2026 | 5,514 | $255,870 | 6.1% |
| HES | March 31, 2025 | 1,837 | $244,366 | No longer tracked |
| BKNG | June 30, 2026 | 58 | $242,633 | 16.1% |
| COP | June 30, 2026 | 1,837 | $242,443 | 30.3% |
| CTRE | March 31, 2026 | 6,686 | $241,762 | 8.4% |
| VEA | Dec. 31, 2025 | 3,997 | $239,503 | No longer tracked |
| SO | Sept. 30, 2025 | 2,580 | $236,915 | -3.9% |
| BX | June 30, 2026 | 1,994 | $229,268 | 21.8% |
| BR | June 30, 2026 | 1,395 | $226,624 | 30.8% |
| GDLC | March 31, 2026 | 5,446 | $225,036 | No longer tracked |
| APH | June 30, 2026 | 1,769 | $223,464 | -11.6% |
| DRI | Sept. 30, 2025 | 1,000 | $217,970 | 14.7% |
| QUAL | June 30, 2025 | 1,269 | $216,915 | No longer tracked |
| CMI | March 31, 2025 | 620 | $216,010 | 91.1% |
| XLF | Sept. 30, 2025 | 4,117 | $215,612 | No longer tracked |
| TMUS | June 30, 2025 | 806 | $214,893 | -23.2% |
| SOXQ | March 31, 2025 | 5,473 | $214,646 | |
| TGT | Sept. 30, 2025 | 2,158 | $212,924 | 81.1% |
| HYMC | June 30, 2026 | 6,010 | $211,552 | 14.1% |
| D | Dec. 31, 2025 | 3,432 | $209,959 | 15.3% |
| VRSK | Dec. 31, 2025 | 827 | $208,062 | -16.8% |
| ROP | Dec. 31, 2025 | 415 | $206,988 | -9.1% |
| BP | June 30, 2025 | 6,066 | $204,965 | 51.1% |
| EFA | March 31, 2026 | 2,130 | $204,511 | No longer tracked |
| FAN | June 30, 2026 | 8,219 | $203,330 | No longer tracked |
| KMB | Sept. 30, 2025 | 1,571 | $202,592 | -12.8% |
| NOW | March 31, 2025 | 190 | $201,423 | -18.6% |
| ESML | March 31, 2025 | 4,778 | $200,916 | No longer tracked |
| CFG | Dec. 31, 2025 | 3,777 | $200,808 | 20.5% |
| VLO | Dec. 31, 2025 | 1,179 | $200,748 | 112.5% |
| ESML | Dec. 31, 2025 | 4,443 | $200,312 | No longer tracked |
| FAN | June 30, 2025 | 10,236 | $153,644 | No longer tracked |
| BKN | March 31, 2026 | 11,115 | $124,488 | No longer tracked |
| EXG | Sept. 30, 2025 | 12,315 | $107,758 | 8.7% |
| RC | June 30, 2025 | 17,260 | $87,856 | -57.2% |
| FPAY | March 31, 2025 | 17,300 | $29,583 | No longer tracked |
| CTMX | June 30, 2025 | 30,500 | $19,392 | 48.9% |
| PRSO | Sept. 30, 2025 | 17,500 | $19,075 | -47.2% |
| BLNE | March 31, 2025 | 15,000 | $14,444 | -45.4% |
| DYAI | March 31, 2026 | 13,000 | $12,220 | -13.4% |