Q3 2026 13F · SEC CIK 850601

Fell Capital Management /adv

Hedge fundFiled 2026-10-09 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $116.3M
Reported positions: 94
Holdings vs S&P 500, 3 yrs: —
Average holding period: 1.0 yrs

Fell Capital Management /adv is a hedge fund that reported 94 positions worth $116.3M in its Q3 2026 13F, filed 2026-10-09. Its largest holdings were Apple Inc (AAPL, 5.5%), State Str Spdr S&p 500 ETF T (SPY, 5.1%), Ishares Tr (IWN, 4.9%).

Fell Capital Management /adv holdings largest 50 of 94 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Fell Capital Management /adv 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
AAPLApple Inc	5.5%	5.1%	19,317	-7.0%	$6.4M
SPYState Str Spdr S&p 500 ETF T	5.1%	5.0%	7,748	-2.6%	$5.9M
IWNIshares Tr	4.9%	5.1%	27,420	+0.8%	$5.7M
IWOIshares Tr	4.6%	4.9%	14,917	+1.5%	$5.3M
FBNDFidelity Merrimack Str Tr	3.9%	3.3%	103,942	+20.9%	$4.5M
SDYSpdr Ser Tr	3.8%	3.8%	30,218	+1.7%	$4.4M
GOOGAlphabet Inc	3.8%	4.2%	12,953	-8.0%	$4.4M
SPYVState Street Spdr Portfolio S&p 500 Valu	2.4%	2.3%	45,967	+1.2%	$2.8M
SLYVSpdr Series Trust	2.3%	2.5%	26,212	-4.7%	$2.7M
MSFTMicrosoft Corp	2.3%	1.8%	5,188	-11.8%	$2.7M
VOVanguard Index Fds	2.2%	2.2%	32,136	+0.0%	$2.5M
AMZNAmazon Com Inc	2.1%	2.1%	9,834	-6.1%	$2.5M
VAWVanguard World Fd	2.1%	2.2%	11,170	-2.8%	$2.4M
VWOVanguard Intl Equity Index F	2.0%	2.0%	38,806	-1.0%	$2.3M
SPYGState Street Spdr Portfolio S&p 500 Grow	1.8%	1.7%	17,445	+1.1%	$2.1M
SLYGSpdr Series Trust	1.7%	1.9%	18,373	-1.6%	$2.0M
GLDSpdr Gold Tr	1.6%	1.6%	5,015	-2.0%	$1.9M
NVDANvidia Corporation	1.6%	1.4%	8,261	-3.1%	$1.9M
PFFIshares Tr	1.5%	1.6%	60,384	-1.0%	$1.8M
XOMExxonmobil Holdings Corp	1.5%	—	10,830	—	$1.8M
JPMJpmorgan Chase & Co	1.5%	1.5%	5,245	-3.2%	$1.7M
AMGNAmgen Inc	1.5%	1.2%	4,040	+0.0%	$1.7M
GOOGLAlphabet Inc	1.5%	1.5%	4,930	+0.0%	$1.7M
CVXChevron Corporation	1.4%	1.1%	7,734	-2.7%	$1.6M
HYGIshares Tr	1.3%	1.4%	19,932	-1.7%	$1.5M
GSGoldman Sachs Group Inc	1.3%	1.6%	1,702	-7.9%	$1.5M
IJHIshares Tr	1.2%	1.2%	19,205	+0.0%	$1.4M
XLVSelect Sector Spdr Tr	1.2%	1.1%	8,185	-1.8%	$1.4M
QQQInvesco Qqq Tr	1.2%	1.2%	1,859	-6.6%	$1.4M
BRK-BBerkshire Hathaway Inc Del	1.1%	1.1%	2,622	-1.9%	$1.3M
SPMDSpdr Series Trust	1.0%	1.1%	19,065	-0.7%	$1.2M
JNJJohnson & Johnson	1.0%	0.9%	4,367	-1.1%	$1.2M
FCXFreeport Mcmoran Inc	0.8%	0.8%	13,975	-1.4%	$978K
MCKMckesson Corp	0.8%	0.7%	1,125	-3.0%	$961K
TIPIshares Tr	0.8%	0.8%	8,920	+0.0%	$928K
BITBBitwise Bitcoin ETF Tr	0.8%	—	20,170	—	$915K
XBISpdr Series Trust	0.8%	0.8%	5,775	-4.9%	$911K
KMIKinder Morgan Inc Del	0.8%	0.8%	29,900	-1.6%	$901K
VZVerizon Communications Inc	0.8%	0.7%	19,285	-4.5%	$885K
CSCOCisco Sys Inc	0.7%	0.8%	8,058	-1.2%	$867K
SPABSpdr Series Trust	0.7%	—	35,042	—	$854K
HDHome Depot Inc	0.7%	0.9%	2,917	-1.7%	$830K
VVisa Inc	0.7%	0.7%	2,289	+0.0%	$823K
FDXFedex Corp	0.7%	0.8%	2,855	+0.0%	$814K
IWMIshares Tr	0.7%	0.7%	2,845	+0.0%	$791K
AIQGlobal X Fds	0.7%	0.7%	11,807	-7.6%	$769K
SBUXStarbucks Corp	0.6%	0.7%	7,925	-4.8%	$745K
GEGe Aerospace	0.6%	0.8%	2,375	-2.1%	$742K
SGOVIshares Tr	0.6%	—	7,245	—	$729K
BTZBlackrock Cr Allocation	0.6%	0.7%	78,200	-2.5%	$728K

What Fell Capital Management /adv bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

FBND Fidelity Merrimack Str Tr+20.9% shares

Reduced

MSFT Microsoft Corp-11.8% shares
GOOG Alphabet Inc-8.0% shares
GS Goldman Sachs Group Inc-7.9% shares
AIQ Global X Fds-7.6% shares
AAPL Apple Inc-7.0% shares
QQQ Invesco Qqq Tr-6.6% shares
AMZN Amazon Com Inc-6.1% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: —
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$116.3M	94
Q2 2026	$118.7M	96
Q1 2026	$104.8M	91
Q4 2025	$102.6M	90

Questions about Fell Capital Management /adv's portfolio

What stocks does Fell Capital Management /adv own?

Fell Capital Management /adv's latest 13F, for Q3 2026 and filed Oct 9, 2026, lists 94 positions worth $116.3M. The largest are Apple Inc (AAPL) at 5.5%, State Str Spdr S&p 500 ETF T (SPY) at 5.1%, Ishares Tr (IWN) at 4.9%, Ishares Tr (IWO) at 4.6% and Fidelity Merrimack Str Tr (FBND) at 3.9%.

What did Fell Capital Management /adv buy last quarter?

In Q3 2026, Fell Capital Management /adv added Fidelity Merrimack Str Tr (FBND) (+20.9% shares), compared with its Q2 2026 filing.

What did Fell Capital Management /adv sell last quarter?

In Q3 2026, Fell Capital Management /adv cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Oracle Corp (ORCL), cut from its top 50 American Express Co (AXP), cut from its top 50 Rbb Fd Inc (TBIL), Microsoft Corp (MSFT) (-11.8% shares), Alphabet Inc (GOOG) (-8.0% shares) and Goldman Sachs Group Inc (GS) (-7.9% shares), compared with its Q2 2026 filing.

When is Fell Capital Management /adv's next 13F filing due?

13F filings are due 45 days after each quarter ends. Fell Capital Management /adv's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.