Q3 2026 13F · SEC CIK 1660328

Freestate Advisors LLC

Wealth managerFiled 2026-10-09 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $130.0M
Reported positions: 43
Top holdings a year, 3 yrs: +14.1%
Assets under management: $181.8M

Freestate Advisors LLC is a wealth manager that reported 43 positions worth $130.0M in its Q3 2026 13F, filed 2026-10-09. Its largest holdings were State Street Spdr Portfolio S&p 500 Valu (SPYV, 14.0%), Vanguard Index Fds (VOO, 13.4%), Schwab Strategic Tr (SCHF, 12.0%). A portfolio copying its top holdings returned 14.1% a year over the last 3 years, against 22.3% for the S&P 500.

Freestate Advisors LLC holdings all 43 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.

Freestate Advisors LLC 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
SPYVState Street Spdr Portfolio S&p 500 Valu	14.0%	14.8%	297,424	-8.6%	$18.2M
VOOVanguard Index Fds	13.4%	13.2%	24,915	-3.5%	$17.5M
SCHFSchwab Strategic Tr	12.0%	12.3%	568,369	-4.4%	$15.6M
AGGIshares Tr	9.5%	10.1%	130,766	-4.6%	$12.4M
SHYGIshares Tr	8.4%	8.4%	263,228	-0.7%	$10.9M
IGIBIshares Tr	6.6%	7.2%	170,095	-5.7%	$8.6M
AVUVAmerican Centy ETF Tr	5.3%	5.8%	58,702	-6.2%	$6.9M
SPIBSpdr Series Trust	3.6%	3.8%	145,686	-5.4%	$4.7M
BILSpdr Series Trust	2.6%	2.8%	37,555	-8.6%	$3.4M
SCHDSchwab Strategic Tr	2.5%	2.4%	98,572	-3.7%	$3.2M
SPYState Str Spdr S&p 500 ETF T	2.3%	2.8%	3,932	-20.7%	$3.0M
LVHILegg Mason ETF Invt	1.8%	1.8%	56,465	-2.2%	$2.4M
CGSDCapital Grp Fixed Incm ETF T	1.7%	1.6%	86,157	+5.9%	$2.2M
SGOVIshares Tr	1.6%	1.3%	20,970	+24.0%	$2.1M
AVLVAmerican Centy ETF Tr	1.4%	0.3%	20,419	+305.7%	$1.8M
MGVVanguard World Fd	1.3%	New	10,440	—	$1.7M
AAPLApple Inc	1.2%	1.0%	4,505	+2.4%	$1.5M
JAAAJanus Detroit Str Tr	1.1%	1.1%	28,951	+1.8%	$1.5M
SHYIshares Tr	1.1%	1.1%	17,592	-2.3%	$1.4M
DGROIshares Tr	1.0%	1.0%	17,255	+0.4%	$1.3M
QGROAmerican Centy ETF Tr	0.9%	0.8%	9,616	+0.1%	$1.1M
CGDVCapital Group Dividend Value	0.9%	0.8%	22,962	+1.7%	$1.1M
VWOVanguard Intl Equity Index F	0.6%	0.5%	12,214	+15.7%	$724K
MMM3m Co	0.5%	0.5%	4,104	+0.0%	$674K
DIASpdr Dow Jones Indl Average	0.4%	0.4%	1,026	+0.4%	$522K
CGCBCapital Grp Fixed Incm ETF T	0.4%	0.4%	20,428	+0.1%	$510K
VZVerizon Communications Inc	0.4%	0.3%	10,900	+18.3%	$500K
IBMInternational Business Machs	0.4%	0.4%	2,123	+0.1%	$467K
JPMJpmorgan Chase & Co	0.4%	0.3%	1,398	-2.0%	$462K
CGMSCapital Grp Fixed Incm ETF T	0.3%	0.3%	17,362	+1.2%	$455K
IQLTIshares Tr	0.3%	0.3%	9,007	+0.2%	$446K
TAt&t Inc	0.3%	0.3%	16,612	+0.0%	$405K
DEDeere & Co	0.3%	0.3%	582	+0.2%	$391K
TMUST-Mobile US Inc	0.3%	0.3%	2,258	-1.1%	$368K
FDHYFidelity Covington Trust	0.2%	0.2%	6,171	+1.3%	$293K
AVIVAmerican Centy ETF Tr	0.2%	0.2%	3,455	+0.3%	$275K
NVDANvidia Corporation	0.2%	0.2%	1,082	+0.0%	$247K
VGSHVanguard Scottsdale Fds	0.2%	0.2%	4,221	+1.2%	$243K
RFICohen & Steers Total Return	0.2%	0.2%	21,036	+2.2%	$221K
EDVVanguard World Fd	0.2%	0.2%	3,776	+0.2%	$209K
FSCOFs Credit Opportunities Corp	0.1%	0.1%	14,641	+3.5%	$76K
ECCEagle Point Cr Co	0.0%	0.0%	14,331	+4.8%	$50K
CCIFCarlyle Credit Income Fund	0.0%	0.0%	14,885	+9.2%	$36K

What Freestate Advisors LLC bought and sold in Q3 2026, against Q2 2026.

Sold out

Nothing sold out.

Share counts compared with the Q2 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +7.6% /yr; S&P 500 +11.7%
3 years: +14.1% /yr; S&P 500 +22.3%
5 years: +5.1% /yr; S&P 500 +10.6%

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	$130.0M	43
Q2 2026	$133.9M	42
Q1 2026	$125.1M	42
Q4 2025	$123.1M	41
Q3 2025	$119.2M	42
Q2 2025	$112.0M	46
Q1 2025	$100.8M	38
Q4 2024	$96.7M	37
Q3 2024	$96.1M	36
Q3 2021	$88.2M	8
Q2 2021	$88.5M	8
Q1 2021	$85.7M	8

Questions about Freestate Advisors LLC's portfolio

What stocks does Freestate Advisors LLC own?

Freestate Advisors LLC's latest 13F, for Q3 2026 and filed Oct 9, 2026, lists 43 positions worth $130.0M. The largest are State Street Spdr Portfolio S&p 500 Valu (SPYV) at 14.0%, Vanguard Index Fds (VOO) at 13.4%, Schwab Strategic Tr (SCHF) at 12.0%, Ishares Tr (AGG) at 9.5% and Ishares Tr (SHYG) at 8.4%.

What did Freestate Advisors LLC buy last quarter?

In Q3 2026, Freestate Advisors LLC added a new position in Vanguard World Fd (MGV), American Centy ETF Tr (AVLV) (+305.7% shares), Ishares Tr (SGOV) (+24.0% shares) and Verizon Communications Inc (VZ) (+18.3% shares), compared with its Q2 2026 filing.

What did Freestate Advisors LLC sell last quarter?

In Q3 2026, Freestate Advisors LLC State Str Spdr S&p 500 ETF T (SPY) (-20.7% shares), Spdr Series Trust (BIL) (-8.6% shares) and State Street Spdr Portfolio S&p 500 Valu (SPYV) (-8.6% shares), compared with its Q2 2026 filing.

How has Freestate Advisors LLC's portfolio performed?

A portfolio copying Freestate Advisors LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +14.1% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +7.6% against +11.7%. Over 5 years: +5.1% a year against +10.6%.

When is Freestate Advisors LLC's next 13F filing due?

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

How much money does Freestate Advisors LLC manage?

Freestate Advisors LLC reported $181.8M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $130.0M.