1y return+14.4%S&P 500 +20.9%
3y return+40.9%S&P 500 +68.5%
5y return+27.8%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2018: $193 against $299 in the S&P 500.2
Balefire, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPYMSpdr Series Trust | $15.6M | 2.5% | +69.7% |
| IVVIshares Tr | $13.2M | 2.2% | +244.6% |
| NVDANvidia Corporation | $13.0M | 2.1% | −4.0% |
| SPTMSpdr Series Trust | $12.0M | 2.0% | −5.4% |
| VOOVanguard Index Fds | $11.9M | 1.9% | −1.1% |
| QQQInvesco Qqq Tr | $11.9M | 1.9% | −5.4% |
| SPYState Str Spdr S&p 500 Etf T | $11.8M | 1.9% | −8.7% |
| BILSpdr Series Trust | $10.9M | 1.8% | −1.7% |
| SDYSpdr Series Trust | $10.3M | 1.7% | −5.1% |
| AAPLApple Inc | $8.3M | 1.4% | +11.1% |
| DEDeere & Co | $8.3M | 1.4% | −1.8% |
| SPABSpdr Series Trust | $8.0M | 1.3% | −7.4% |
| HYGIshares Tr | $8.0M | 1.3% | −5.1% |
| MUMicron Technology Inc | $7.8M | 1.3% | −11.3% |
| MSFTMicrosoft Corp | $7.2M | 1.2% | −3.4% |
| GOOGAlphabet Inc | $6.4M | 1.0% | |
| BRK/BBerkshire Hathaway Inc Del | $6.3M | 1.0% | −1.0% |
| RSPInvesco Exchange Traded Fd T | $6.3M | 1.0% | −11.2% |
| IVWIshares Tr | $6.3M | 1.0% | +430.3% |
| DYNFBlackrock Etf Trust | $6.2M | 1.0% | +595.2% |
| LQDIshares Tr | $6.1M | 1.0% | −4.4% |
| IUSBIshares Tr | $5.6M | 0.9% | +447.0% |
| GLDSpdr Gold Tr | $5.4M | 0.9% | −1.8% |
| LLYEli Lilly & Co | $5.1M | 0.8% | +104.2% |
| SPDWSpdr Index Shs Fds | $5.1M | 0.8% | −19.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $13.0M |
| AVGOBroadcom Inc | December 31, 2021 | +467.7% | $4.9M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $6.4M |
| LLYEli Lilly & Co | June 30, 2022 | +270.0% | $5.1M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $8.3M |
| BRK/BBerkshire Hathaway Inc Del | June 30, 2020 | +180.3% | $6.3M |
| AMLPAlps Etf Tr | September 30, 2020 | +159.5% | $4.0M |
| JPMJpmorgan Chase & Co | December 31, 2020 | +157.6% | $4.0M |
| GLDSpdr Gold Tr | September 30, 2020 | +108.0% | $5.4M |
| GOOGLAlphabet Inc | June 30, 2025 | +102.8% | $4.5M |
Sold off last quarter
- IEFIshares Tr was $2.2M
- COMTIshares U S Etf Tr was $1.7M
- IBNIcici Bank Limited was $1.7M
- RPVInvesco Exchange Traded Fd T was $1.7M
- Honeywell Intl IncCUSIP 438516106 was $1.7M
- CRLCharles Riv Labs Intl Inc was $1.4M
- URIUnited Rentals Inc was $1.4M
- LDURPimco Etf Tr was $1.4M
- AVSFAmerican Centy Etf Tr was $1.4M
- LSTManaged Portfolio Series was $956K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.2% | +14.8% |
| March 31, 2026 | −0.8% | −4.6% |
| December 31, 2025 | +1.8% | +2.4% |
| September 30, 2025 | +4.8% | +7.8% |
| June 30, 2025 | +5.8% | +10.5% |
| March 31, 2025 | +0.7% | −4.6% |
| December 31, 2024 | −1.8% | +2.1% |
| September 30, 2024 | +6.5% | +5.4% |
| June 30, 2024 | −0.2% | +4.0% |
| March 31, 2024 | +5.8% | +10.0% |
| December 31, 2023 | +8.0% | +11.2% |
| September 30, 2023 | −3.2% | −3.6% |
| June 30, 2023 | +3.5% | +8.3% |
| March 31, 2023 | +3.3% | +7.0% |
| December 31, 2022 | +5.2% | +7.1% |
| September 30, 2022 | −7.1% | −5.3% |
| June 30, 2022 | −14.0% | −16.5% |
| March 31, 2022 | −0.4% | −4.9% |
| December 31, 2021 | +3.3% | +10.7% |
| September 30, 2021 | −1.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Balefire, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1750924&type=13F-HR&dateb=&owner=include&count=40CIK 1750924
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1750924/000175092426000003/Filed July 7, 2026 · accession 0001750924-26-000003