Wright Fund Managment, LLC

CIK 1538052 · View on SEC EDGAR ↗

Portfolio value QoQ: -18.7% 13F does not disclose cash

Top 10 holdings weight72.87%

Top 25 holdings weight92.97%

Positions above 1%19

Effective number of positions13.3

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

Turnover Q1 2026: 17.18% Est. buys $331,755,618 · sells $706,999,152

Median holding: 3.0 quarters Tracked Q1 2025–Q1 2026 · 40.3% still held

New positions13

Increased14

Decreased17

Closed42

Portfolio value $1.7B #1,746 of 9,337 by 13F value · top 18.7%

Positions 56

As of March 31, 2026 Data as of Q1 2026

Sector breakdown

Other/Unmapped 100.0%

Full portfolio 56 positions

					Streak
USHY iShares Broad USD High Yield Corporate Bond ETF	$261,512,719	15.11%	7,098,608	$-25,240,517	Down ×3
HYG iShares Trust	$214,023,640	12.36%	2,690,091	$-54,779,928	Down ×2
JNK State Street SPDR Bloomberg High Yield Bond ETF	$182,482,905	10.54%	1,906,424	$-2,840,572
SPYM State Street SPDR Portfolio S&P 500 ETF	$158,468,569	9.15%	2,070,402	$-7,671,624	Down ×1
BKLN Invesco Exchange-Traded Fund Trust II	$154,568,155	8.93%	7,573,158	$74,875,738	Up ×1
SPHY State Street SPDR Portfolio High Yield Bond ETF	$92,459,113	5.34%	3,964,799	$-143,276	Up ×2
BND Vanguard Total Bond Market ETF	$58,146,144	3.36%	789,600	$-53,469,939	Down ×2
SRLN State Street Blackstone Senior Loan ETF	$51,174,486	2.96%	1,274,900	$22,868,136	Up ×2
JMTG JPMorgan Mortgage-Backed Securities ETF	$45,949,878	2.65%	900,978	$-54,059
ICVT iShares Convertible Bond ETF	$42,772,158	2.47%	420,200
MBB iShares MBS ETF	$41,987,555	2.43%	442,207	$1,582,376	Up ×3
HYLB DBX ETF Trust	$41,782,880	2.41%	1,155,500	$-774,185
TLT iShares 20+ Year Treasury Bond ETF	$39,842,724	2.30%	459,600	$28,389,900	Up ×2
BLV VANGUARD BOND INDEX FUNDS	$32,677,378	1.89%	475,100		Up ×1
JAAA Janus Henderson AAA CLO ETF	$32,231,763	1.86%	639,900	$14,346,675	Up ×1
SHYG iShares Trust	$21,831,960	1.26%	516,000	$-21,411,009	Down ×3
VTV Vanguard Morningstar Value ETF	$19,406,731	1.12%	98,913
JBND JPMorgan Active Bond ETF	$18,910,909	1.09%	351,700	$-105,510
BOND PIMCO Active Bond Exchange-Traded Fund Exchange-Traded Fund	$18,834,348	1.09%	204,100	$-163,280
SJNK SPDR SERIES TRUST	$16,351,908	0.94%	654,600	$-32,108,040	Down ×1
EWC iShares MSCI Canada Index Fund	$16,318,982	0.94%	297,846	$3,015,853	Up ×1
JBBB Janus Henderson B-BBB CLO ETF	$12,872,301	0.74%	276,200
BBHY J.P. Morgan Exchange-Traded Fund Trust	$12,177,031	0.70%	265,700	$-178,019
IDV iShares International Select Dividend ETF	$11,369,734	0.66%	267,146	$11,086,483	Up ×1
GCOW Pacer Global Cash Cows Dividend ETF	$11,272,433	0.65%	243,781		Up ×1
VBK Vanguard Morningstar Small-Cap Growth ETF	$11,029,103	0.64%	36,490	$-5,051,608	Down ×2
TIP iShares TIPS Bond ETF	$10,903,568	0.63%	98,800		Up ×1
DXJ WisdomTree Trust	$10,107,255	0.58%	63,736	$919,073
EFAV iShares Trust	$9,114,249	0.53%	99,751		Up ×1
FLMI Franklin Templeton ETF Trust	$8,706,248	0.50%	351,200	$6,559,967	Up ×1
AVUV AMERICAN CENTURY ETF TRUST	$6,535,847	0.38%	59,164	$4,045,291	Up ×1
FLOT iShares Floating Rate Bond ETF	$6,241,375	0.36%	122,500	$-746,789	Down ×2
BKHY BNY Mellon ETF Trust	$6,239,156	0.36%	131,600	$-86,856
SCHX SCHWAB STRATEGIC TRUST	$5,562,572	0.32%	216,949	$2,128,264	Up ×1
FMHI First Trust Municipal High Income ETF	$5,528,902	0.32%	116,300	$-45,869
RSPG Invesco Exchange-Traded Fund Trust	$4,500,750	0.26%	41,114
PHYL PGIM ETF Trust	$4,443,029	0.26%	128,300	$-109,055
FXU First Trust Exchange-Traded AlphaDEX Fund	$4,259,979	0.25%	85,904		Up ×1
CWB SPDR SERIES TRUST	$3,887,312	0.22%	42,475	$1,726,442	Up ×1
MLPX Global X Funds	$3,844,954	0.22%	52,001		Up ×1
XYLD Global X Funds	$3,736,915	0.22%	95,500		Up ×1
PREF Principal Exchange-Traded Funds	$3,613,440	0.21%	192,000	$-48,000
CMBS iShares Trust	$3,083,927	0.18%	63,286	$-22,150
OIH VanEck ETF Trust	$2,311,273	0.13%	5,718	$-256,783	Down ×1
IJH iShares Trust	$1,218,917	0.07%	18,050	$-138,703	Down ×2
RSP Invesco Exchange-Traded Fund Trust	$1,192,975	0.07%	6,216	$-164,419	Down ×3
DFLV Dimensional ETF Trust	$760,623	0.04%	21,300		Up ×1
DFAS Dimensional ETF Trust	$739,752	0.04%	10,400		Up ×1
COWZ Pacer Funds Trust	$641,428	0.04%	10,253	$-61,418	Down ×2
DVY iShares Select Dividend ETF	$629,563	0.04%	4,158	$-39,441	Down ×3
VOE Vanguard Morningstar Mid-Cap Value ETF	$622,314	0.04%	3,377	$-60,738	Down ×3
IJR iShares Trust	$617,448	0.04%	4,967	$-62,410	Down ×2
BBCA J.P. Morgan Exchange-Traded Fund Trust	$567,652	0.03%	6,035	$112,138	Up ×1
MTUM iShares Trust	$552,217	0.03%	2,301	$-103,846	Down ×1
VBR Vanguard Morningstar Small-Cap Value ETF	$306,974	0.02%	1,413	$-34,220	Down ×2
DUKZ Ocean Park Diversified Income ETF	$215,101	0.01%	8,631	$-2,919	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
MBB	$41,987,555	2.43%	up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
ICVT	$42,772,158	420,200	2.47%
BLV	$32,677,378	475,100	1.89%
VTV	$19,406,731	98,913	1.12%
JBBB	$12,872,301	276,200	0.74%
GCOW	$11,272,433	243,781	0.65%
TIP	$10,903,568	98,800	0.63%
EFAV	$9,114,249	99,751	0.53%
RSPG	$4,500,750	41,114	0.26%
FXU	$4,259,979	85,904	0.25%
MLPX	$3,844,954	52,001	0.22%
XYLD	$3,736,915	95,500	0.22%
DFLV	$760,623	21,300	0.04%
DFAS	$739,752	10,400	0.04%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
BKLN	Bought more	+3.8M	+$74.9M
HYG	Trimmed	-644K	-$54.8M
BND	Trimmed	-717K	-$53.5M
SJNK	Trimmed	-1.3M	-$32.1M
TLT	Bought more	+328K	+$28.4M
USHY	Trimmed	-570K	-$25.2M
SRLN	Bought more	+589K	+$22.9M
SHYG	Trimmed	-493K	-$21.4M
JAAA	Bought more	+286K	+$14.3M
SPYM	Trimmed	-655	-$7.7M

1 position hidden — reported move looks larger than the position itself (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
EMLC	March 31, 2026	2,776,482	$71,688,765
EMB	March 31, 2026	621,800	$59,866,904
PYLD	March 31, 2026	1,948,900	$51,996,652
VUG	March 31, 2026	94,697	$46,198,878	26.5%
JAAA	Sept. 30, 2025	767,006	$38,894,874
AVDV	March 31, 2026	402,737	$37,845,196
EFV	Sept. 30, 2025	622,179	$36,671,230
VOO	Sept. 30, 2025	67,861	$34,874,447	16.3%
FALN	Dec. 31, 2025	1,133,100	$31,477,518
PFF	March 31, 2026	868,252	$26,881,082
USMV	Sept. 30, 2025	285,868	$26,774,358
VCLT	Dec. 31, 2025	342,600	$26,602,890
FLRN	Dec. 31, 2025	835,100	$25,771,186
EWH	Sept. 30, 2025	1,407,375	$24,643,136
ANGL	March 31, 2026	812,100	$23,847,317
JBBB	Sept. 30, 2025	481,100	$23,415,137
DFIV	March 31, 2026	463,800	$23,143,620
XLF	Sept. 30, 2025	460,427	$22,933,856	-0.3%
ICVT	Dec. 31, 2025	219,900	$22,000,995
EWG	Sept. 30, 2025	585,364	$21,705,297
HYDB	Dec. 31, 2025	427,800	$20,468,091
DIA	Sept. 30, 2025	47,356	$19,883,709
IYK	Sept. 30, 2025	269,466	$19,285,682	4.7%
EMLP	Sept. 30, 2025	494,000	$18,520,060
IMTM	March 31, 2026	358,247	$17,185,109
CLOI	Dec. 31, 2025	265,100	$14,076,810
DISV	March 31, 2026	330,674	$12,565,612
PFFD	Dec. 31, 2025	560,100	$10,882,743
PFFA	March 31, 2026	495,100	$10,669,405
FTSL	March 31, 2026	231,800	$10,634,984
VOT	March 31, 2026	37,660	$10,512,412
LONZ	March 31, 2026	208,900	$10,503,492
FLTR	March 31, 2026	412,000	$10,497,760
HYGV	Dec. 31, 2025	248,800	$10,250,560
HYLS	Dec. 31, 2025	241,600	$10,159,280
FLBL	Dec. 31, 2025	408,400	$9,809,768
CLOZ	March 31, 2026	364,527	$9,652,675
EBND	March 31, 2026	358,900	$7,669,693
FPE	March 31, 2026	412,900	$7,523,038
IBB	March 31, 2026	43,823	$7,396,008	21.2%
VWO	March 31, 2026	131,198	$7,053,204	12.1%
EWI	Dec. 31, 2025	135,257	$7,026,601	5.8%
FPEI	March 31, 2026	355,500	$6,893,145
VTV	Sept. 30, 2025	39,800	$6,875,052
XLP	Sept. 30, 2025	77,021	$6,290,305	No longer tracked
VCIT	March 31, 2026	72,800	$6,097,000
JEPI	Sept. 30, 2025	106,094	$6,062,211
XLU	Sept. 30, 2025	76,092	$5,999,854	No longer tracked
LEMB	March 31, 2026	119,900	$4,984,243
EMHY	March 31, 2026	102,900	$4,154,073
TPYP (filed as TPYPXXXX)	Sept. 30, 2025	107,700	$3,917,049	12.4%
ITA	March 31, 2026	18,130	$3,892,330	-5.4%
IVV	Dec. 31, 2025	5,651	$3,782,214
EZU	March 31, 2026	53,800	$3,448,580	6.6%
QQQM	Dec. 31, 2025	12,664	$3,129,528
RSPG	Sept. 30, 2025	34,954	$2,861,684
ILF	March 31, 2026	93,278	$2,840,315	6.6%
SCHG	March 31, 2026	84,396	$2,752,998	24.5%
QTUM	March 31, 2026	22,484	$2,465,595
FLHY	March 31, 2026	96,400	$2,353,606
HYBL	March 31, 2026	81,800	$2,326,392
FLRT	Sept. 30, 2025	49,336	$2,323,232
VGK	Sept. 30, 2025	32,305	$2,268,134
HYEM	March 31, 2026	112,800	$2,243,592
LQD	March 31, 2026	19,898	$2,192,561
BNDX	March 31, 2026	44,893	$2,169,230
SMMU	Dec. 31, 2025	41,300	$2,088,541
HYD	March 31, 2026	40,805	$2,085,952	-4.3%
CEMB	March 31, 2026	39,300	$1,802,691
VWOB	March 31, 2026	23,591	$1,590,741
ACWX	Sept. 30, 2025	23,168	$1,284,666
PFRL	Dec. 31, 2025	23,300	$1,168,029
HYMB	March 31, 2026	46,600	$1,162,204	-4.5%
VEU	March 31, 2026	15,338	$1,128,263
VTEB	March 31, 2026	22,168	$1,114,829
VXUS	Dec. 31, 2025	15,156	$1,113,360
JMHI	Dec. 31, 2025	22,000	$1,110,780
VEU	Sept. 30, 2025	15,062	$913,661
SPMO	Dec. 31, 2025	6,596	$798,512
JMST	Dec. 31, 2025	14,500	$740,080
SPEM	Dec. 31, 2025	15,258	$714,227	12.8%
EFG	Sept. 30, 2025	5,831	$583,100
PFXF	March 31, 2026	24,100	$425,606
YLD	Sept. 30, 2025	21,978	$418,681
CQQQ	Dec. 31, 2025	7,012	$413,778
MUB	Sept. 30, 2025	3,875	$408,580
SCZ	Sept. 30, 2025	3,770	$239,508
DXJ	Sept. 30, 2025	2,153	$237,218
VIGI	Sept. 30, 2025	2,811	$233,144
SHYD	March 31, 2026	9,200	$210,772