1y return+15.1%S&P 500 +20.9%
3y return+50.6%S&P 500 +68.5%
5y return+78.7%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 March 31, 2019: $240 against $264 in the S&P 500.2
Traphagen Investment Advisors 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 |
|---|---|---|---|
| IVVIshares Tr | $361.3M | 25.8% | +1.3% |
| AVUSAmerican Centy Etf Tr | $130.1M | 9.3% | −3.6% |
| VFLOVictory Portfolios II | $99.2M | 7.1% | |
| GFLWVictory Portfolios II | $78.6M | 5.6% | +72.6% |
| JSIJanus Detroit Str Tr | $55.3M | 4.0% | +6.9% |
| GRIDFirst Tr Exchange-traded Fd | $51.9M | 3.7% | −3.4% |
| AAPLApple Inc | $46.1M | 3.3% | +12.5% |
| JAAAJanus Detroit Str Tr | $44.5M | 3.2% | +2.4% |
| FENIFidelity Covington Trust | $41.8M | 3.0% | +49.5% |
| TPYPTortoise Capital Series Trus | $37.1M | 2.7% | +2.3% |
| FUTYFidelity Covington Trust | $26.3M | 1.9% | +13.2% |
| VGITVanguard Scottsdale Fds | $26.1M | 1.9% | +1.9% |
| SGOVIshares Tr | $25.3M | 1.8% | −2.2% |
| GPZVaneck Etf Trust | $22.8M | 1.6% | +5.4% |
| ALAIThe Alger Etf Trust | $18.9M | 1.3% | +29.7% |
| VOOVanguard Index Fds | $17.6M | 1.3% | +6.7% |
| VTIVanguard Index Fds | $17.2M | 1.2% | +4.4% |
| BPREBluerock Pvt Real Estate Fd | $15.2M | 1.1% | |
| CMECme Group Inc | $10.7M | 0.8% | |
| BITBBitwise Bitcoin Etf Tr | $10.5M | 0.8% | +8.8% |
| BRK/ABerkshire Hathaway Inc Del | $10.5M | 0.7% | |
| GSGoldman Sachs Group Inc | $10.3M | 0.7% | |
| SCHDSchwab Strategic Tr | $8.8M | 0.6% | +21.1% |
| NVDANvidia Corporation | $7.9M | 0.6% | |
| TLTWIshares Tr | $7.7M | 0.6% | +394.4% |
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 | March 31, 2023 | +620.3% | $7.9M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $4.0M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $4.8M |
| IGMIshares Tr | June 30, 2020 | +251.6% | $5.4M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $4.4M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $46.1M |
| GSGoldman Sachs Group Inc | September 30, 2023 | +212.6% | $10.3M |
| BRK/BBerkshire Hathaway Inc Del | June 30, 2020 | +180.3% | $4.3M |
| BRK/ABerkshire Hathaway Inc Del | June 30, 2020 | +180.2% | $10.5M |
| VOOVanguard Index Fds | June 30, 2020 | +142.3% | $17.6M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $775K
- GILDGilead Sciences Inc was $298K
- TKOTko Group Holdings Inc was $284K
- CMCSAComcast Corp New was $268K
- FASTFastenal Co was $256K
- BKNGBooking Holdings Inc was $243K
- COPConocophillips was $242K
- BXBlackstone Inc was $229K
- BRBroadridge Finl Solutions In was $227K
- APHAmphenol Corp was $223K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.8% | +14.8% |
| March 31, 2026 | −2.1% | −4.6% |
| December 31, 2025 | +0.8% | +2.4% |
| September 30, 2025 | +6.2% | +7.8% |
| June 30, 2025 | +7.4% | +10.5% |
| March 31, 2025 | −2.5% | −4.6% |
| December 31, 2024 | +0.3% | +2.1% |
| September 30, 2024 | +5.9% | +5.4% |
| June 30, 2024 | +0.6% | +4.0% |
| March 31, 2024 | +6.4% | +10.0% |
| December 31, 2023 | +7.7% | +11.2% |
| September 30, 2023 | +2.0% | −3.6% |
| June 30, 2023 | +9.9% | +8.3% |
| March 31, 2023 | −0.4% | +7.0% |
| December 31, 2022 | +14.3% | +7.1% |
| September 30, 2022 | −0.8% | −5.3% |
| June 30, 2022 | −21.4% | −16.5% |
| March 31, 2022 | +14.2% | −4.9% |
| December 31, 2021 | +10.7% | +10.7% |
| September 30, 2021 | −3.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Traphagen Investment Advisors LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2023380&type=13F-HR&dateb=&owner=include&count=40CIK 2023380
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2023380/000202338026000003/Filed July 16, 2026 · accession 0002023380-26-000003