Ritholtz Wealth Management
Ritholtz Wealth Management, led by CEO Josh Brown and Chairman Barry Ritholtz, is a New York-based investment advisory firm managing approximately $5.76 billion in assets. Both Brown and Ritholtz are well-known figures in the financial sector, recognized for their insightful market commentary and contributions to financial media. The firm's investment philosophy emphasizes long-term, growth-oriented strategies with a focus on broad market exposure and risk management.
AUM figures shown are calculated by summing the reported market value of all positions in SEC 13F-HR filings — not the fund's actual assets under management.
- Excludes cash, bonds, private equity, short positions, and foreign-listed stocks not required to be reported.
- For PUT and CALL options, the reported Value is the notional value of the underlying shares — not the option premium paid. This significantly overstates the actual capital at risk.
- Actual fund AUM is typically higher and includes strategies, instruments, and positions that never appear in a 13F.
- 13F filings cover institutional managers with ≥$100M in 13F securities. Positions reflect end-of-quarter holdings, disclosed up to 45 days after the period ends.
Data sourced from SEC EDGAR. This tracker is for informational purposes only and does not constitute investment advice.
Portfolio Holdings
Top 30 positions
| Ticker | Issuer | Notional | Port % | @ Filing | Now (EOD) | Since Filing | Allocation |
|---|---|---|---|---|---|---|---|
| VTI | $505.1M | 8.76% | $319.89 | $369.27 | +15.4% | 8.8% | |
| IVV | $343.9M | 5.96% | $651.46 | $750.20 | +15.2% | 6.0% | |
| STIP | $249.3M | 4.32% | $101.68 | $101.32 | -0.3% | 4.3% | |
| FBND | $182.7M | 3.17% | $45.11 | $45.31 | +0.4% | 3.2% | |
| QQQ | $175.7M | 3.05% | $576.55 | $707.88 | +22.8% | 3.0% | |
| AAPL | $165.2M | 2.87% | $253.56 | $312.16 | +23.1% | 2.9% | |
| BND | $156.3M | 2.71% | $72.91 | $72.86 | -0.1% | 2.7% | |
| VFMO | $139.4M | 2.42% | $196.71 | $232.76 | +18.3% | 2.4% | |
| DFSV | $135.2M | 2.34% | $34.92 | $38.56 | +10.4% | 2.3% | |
| AGG | $123.4M | 2.14% | $98.27 | $98.23 | -0.0% | 2.1% | |
| IEFA | $121.5M | 2.11% | $89.07 | $96.99 | +8.9% | 2.1% | |
| NVDA | $118.7M | 2.06% | $174.40 | $196.04 | +12.4% | 2.1% | |
| DISV | $90.0M | 1.56% | $38.87 | $40.85 | +5.1% | 1.6% | |
| IMTM | $82.7M | 1.44% | $47.48 | $52.11 | +9.8% | 1.4% | |
| BIL | $76.1M | 1.32% | $90.84 | $91.45 | +0.7% | 1.3% | |
| USMV | $74.2M | 1.29% | $92.45 | $98.34 | +6.4% | 1.3% | |
| MSFT | $68.4M | 1.19% | $369.37 | $389.74 | +5.5% | 1.2% | |
| IEMG | $63.0M | 1.09% | $69.19 | $79.61 | +15.1% | 1.1% | |
| AMZN | $56.0M | 0.97% | $208.27 | $245.62 | +17.9% | 1.0% | |
| DFEV | $51.0M | 0.88% | $35.59 | $40.96 | +15.1% | 0.9% | |
| GOOGL | $47.6M | 0.83% | $287.39 | $367.46 | +27.9% | 0.8% | |
| GOOG | $43.5M | 0.76% | $286.69 | $364.31 | +27.1% | 0.8% | |
| IGSB | $43.1M | 0.75% | $51.96 | $52.17 | +0.4% | 0.8% | |
| LQD | $38.8M | 0.67% | $107.74 | $107.86 | +0.1% | 0.7% | |
| AVGO | $31.8M | 0.55% | $309.02 | $368.79 | +19.3% | 0.6% | |
| WMT | $30.9M | 0.54% | $124.04 | $111.47 | -10.1% | 0.5% | |
| SUB | $28.9M | 0.50% | $105.82 | $106.31 | +0.5% | 0.5% | |
| SPY | $28.6M | 0.50% | $648.67 | $746.86 | +15.1% | 0.5% | |
| JPM | $28.5M | 0.50% | $291.35 | $339.04 | +16.4% | 0.5% | |
| TSM | $24.5M | 0.43% | $337.16 | $431.20 | +27.9% | 0.4% |
Quarter-on-Quarter Activity
Q1 2026 vs. Q4 2025
New Positions (8)
| Ticker | Issuer | Notional | Since Filing |
|---|---|---|---|
| USMV | $74.2M | +6.4% | |
| AZN | $8.2M | ||
| NFLT | $3.9M | ||
| INDV | $3.5M | ||
| SYLD | $3.3M | ||
| DMBS | $2.1M | ||
| GRNY | $1.8M | ||
| ENS | $1.7M |
Exited Positions (8)
| Ticker | Issuer | Notional |
|---|---|---|
| AZN | $8.1M | |
| INDV | $4.2M | |
| REVG | $2.6M | |
| LNC | $1.0M | |
| NGD | $0.9M | |
| DASH | $0.7M | |
| KRC | $0.7M | |
| IBB | $0.7M |
Increased (8)
| Ticker | Issuer | Notional | Shares Δ | Since Filing |
|---|---|---|---|---|
| NVDACALL | $118.3M | +19913.7% | +12.4% | |
| BIL | $73.3M | +2553.9% | +0.7% | |
| GCT | $2.4M | +969.3% | ||
| VTRS | $1.3M | +904.2% | ||
| F | $1.6M | +860.5% | ||
| AVEM | $1.4M | +504.8% | ||
| IHS | $1.0M | +463.3% | ||
| RUSHA | $1.4M | +375.6% |
Trimmed (8)
| Ticker | Issuer | Notional | Shares Δ | Since Filing |
|---|---|---|---|---|
| NVDACALL | $-124.6M | -99.9% | +12.4% | |
| MAPS | $-0.1M | -89.5% | ||
| NVDACALL | $-0.1M | -85.3% | +12.4% | |
| AJG | $-2.2M | -83.1% | ||
| ACIW | $-1.4M | -82.9% | ||
| SPY | $-100.9M | -76.8% | +15.1% | |
| SSNC | $-1.4M | -70.6% | ||
| DORM | $-2.6M | -70.1% |
Quarter Activity
During the quarter, Ritholtz Wealth Management initiated notable new positions in USMV, totaling $74 million, and in AZN and NFLT, valued at $8 million and $4 million respectively. The fund also exited several positions including AZN and INDV, each at $8 million and $4 million. Additionally, there was a significant increase in their holding of NVDA by $19.914 billion, while simultaneously reducing their position in the same stock by $185 million, indicating a rebalancing strategy.
AI Commentary
<p>Ritholtz Wealth Management's portfolio showcases a significant concentration in broad market index funds and technology, with top holdings including VTI (Vanguard Index Funds) and IVV (iShares Trust) representing 8.8% and 6.0% of the portfolio respectively. The fund also holds substantial positions in sector-specific ETFs like QQQ (Invesco QQQ Trust) and individual stocks such as AAPL (Apple Inc). This indicates a strong belief in the performance of the U.S. equity market and technology sector, as these investments cover a diverse range of the largest U.S. companies and tech giants.</p> <p>The recent portfolio adjustments suggest a nuanced view on market volatility and sector rotation. The opening and closing of positions in AZN (AstraZeneca) and INDV (Indivior) within the same quarter, alongside significant increases in positions like NVDA (Nvidia Corporation) by 19914%, reflect a tactical adjustment rather than a long-term conviction. The massive scaling down of NVDA by 100% and other stocks like MAPS and ACIW by over 80% could signal risk aversion or profit-taking after substantial gains. These moves indicate a strategy responsive to market conditions, possibly aiming to capitalize on short-term market movements or rebalance the portfolio towards more stable, less volatile assets.</p>