Q2 2026 13F · SEC CIK 1929070

Joule Financial, LLC

Investment managerFiled 2026-07-15 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $368.8M
Reported positions: 116
Top holdings a year, 3 yrs: +10.4%
Average holding period: 2.0 yrs

Joule Financial, LLC is an investment manager that reported 116 positions worth $368.8M in its Q2 2026 13F, filed 2026-07-15. Its largest holdings were Vanguard Total Bond Market ETF (BND, 18.7%), Invesco S&p 500 Equal Weight ETF (RSP, 12.6%), iShs 7-10 ys Tsy (IEF, 8.4%). A portfolio copying its top holdings returned 10.4% a year over the last 3 years, against 20.4% for the S&P 500.

Joule Financial, LLC holdings largest 50 of 116 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 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.

Joule Financial, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
BNDVanguard Total Bond Market ETF	18.7%	19.7%	941,400	+2.6%	$69.1M
RSPInvesco S&p 500 Equal Weight ETF	12.6%	12.3%	218,109	-0.5%	$46.4M
IEFiShs 7-10 ys Tsy	8.4%	9.1%	326,912	-0.4%	$30.9M
LQDIshares Tr	8.1%	8.5%	272,760	+2.1%	$29.7M
SCHASchwab U.s. Small-Cap ETF	7.6%	6.7%	776,769	-2.5%	$28.1M
SCHDSchwab Strategic Tr	7.0%	7.3%	812,806	+0.2%	$25.8M
VEAVanguard Tax-Managed Fds	2.6%	2.5%	133,661	-1.0%	$9.5M
VWOVanguard Intl Equity Index F	2.3%	2.3%	144,763	-0.7%	$8.6M
VGTVanguard Info Tech	1.7%	1.4%	53,143	+685.2%	$6.4M
TLTIshares 20 Year Treasury Bond ETF	1.6%	1.8%	69,761	+0.4%	$6.0M
SCHESchwab Strategic Tr	1.6%	1.5%	158,537	+0.9%	$5.7M
SCHBSchwb US Broad	1.4%	1.3%	174,664	-1.7%	$5.1M
PAYSPaysign Inc	1.4%	1.1%	614,175	+0.0%	$5.0M
VISVanguard World Fd	1.1%	1.0%	11,003	-1.0%	$4.0M
VFHVanguard Financials ETF	1.0%	1.1%	29,304	-3.7%	$3.9M
BEBloom Energy Corp	1.0%	0.5%	12,211	-4.2%	$3.7M
VDCVanguard World Fd	0.9%	1.0%	15,287	-3.1%	$3.4M
VOXVanguard World Fd	0.9%	0.9%	17,987	-0.1%	$3.3M
VHTVanguard Health Care ETF	0.9%	0.9%	10,567	-1.6%	$3.2M
GOOGLAlphabet Inc	0.8%	1.0%	8,763	-28.0%	$3.1M
VCRVanguard World Fd	0.7%	0.8%	6,930	-4.3%	$2.7M
VEUVanguard FTSE All	0.7%	0.5%	29,635	+19.1%	$2.5M
CSCOCisco Sys Inc	0.7%	0.6%	20,603	-19.2%	$2.4M
AAPLApple Inc	0.6%	0.6%	8,244	+2.2%	$2.4M
IUSVIshares Tr	0.6%	0.5%	19,474	+21.7%	$2.1M
CIENCiena Corp	0.6%	0.5%	4,281	-3.3%	$2.1M
SPYGSpdr Series Trust	0.5%	0.4%	16,535	+22.4%	$2.0M
XLEState Street Energy Select Sector Spdr E	0.5%	0.7%	35,964	-5.7%	$1.9M
IGVIshares Tr	0.5%	0.5%	19,897	-2.3%	$1.8M
TSLATesla Inc Com	0.5%	0.5%	4,191	-0.5%	$1.8M
BIDUBaidu Inc Ads	0.5%	0.5%	14,733	-2.3%	$1.7M
FSLRFirst Solar Inc Com	0.4%	0.2%	6,583	+71.5%	$1.6M
ARMArm Hldgs PLC Equity A Funsponsored ADR	0.4%	—	4,195	—	$1.5M
VPUVanguard World Fd	0.4%	0.4%	7,180	-0.9%	$1.4M
CMICummins Inc	0.4%	0.3%	1,964	-2.7%	$1.4M
CATCaterpillar Inc Com	0.4%	0.3%	1,224	+0.3%	$1.3M
IUSBIshares Core Universal Usd Bond ETF	0.4%	0.3%	28,030	+15.5%	$1.3M
VXFVanguard Index Fds	0.3%	—	4,209	—	$1.0M
SCHXSchwab Stratgc Tr	0.3%	0.3%	35,195	-4.4%	$1.0M
DEDeere & Co Com	0.3%	0.2%	1,620	+15.0%	$1.0M
CCJCameco Corp Com	0.3%	0.3%	10,056	-2.5%	$1.0M
JPMJpmorgan Chase & Co	0.3%	0.3%	3,079	-8.0%	$1.0M
GLWCorning Inc.	0.3%	—	3,796	—	$970K
PFEPfizer Inc	0.2%	0.3%	36,687	+1.0%	$883K
SCHMSchwab Strategic Tr	0.2%	0.2%	22,277	-3.1%	$821K
PGProcter & Gamble Co Com	0.2%	0.2%	5,426	-0.5%	$796K
VAWVanguard World Fd	0.2%	0.3%	3,463	-9.3%	$793K
MSFTMicrosoft Corp	0.2%	0.2%	2,036	-3.8%	$760K
BABAAlibaba Group Hldg Ltd	0.2%	0.3%	7,708	-3.1%	$740K
IBMInternational Business Machs	0.2%	—	2,524	—	$710K

What Joule Financial, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

VGT Vanguard Info Tech+685.2% shares
FSLR First Solar Inc Com+71.5% shares
SPYG Spdr Series Trust+22.4% shares
IUSV Ishares Tr+21.7% shares
VEU Vanguard FTSE All+19.1% shares
IUSB Ishares Core Universal Usd Bond ETF+15.5% shares
DE Deere & Co Com+15.0% shares

Reduced

GOOGL Alphabet Inc-28.0% shares
CSCO Cisco Sys Inc-19.2% shares
VAW Vanguard World Fd-9.3% shares
JPM Jpmorgan Chase & Co-8.0% shares
XLE State Street Energy Select Sector Spdr E-5.7% shares

Left the top 50

Share counts compared with the Q1 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: +12.8% /yr; S&P 500 +20.1%
3 years: +10.4% /yr; S&P 500 +20.4%
5 years: +7.1% /yr; S&P 500 +15.9%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 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
Q2 2026	$368.8M	116
Q1 2026	$343.3M	114
Q4 2025	$333.8M	109
Q3 2025	$333.8M	114
Q2 2025	$308.0M	108
Q1 2025	$284.9M	103
Q4 2024	$282.9M	108
Q3 2024	$274.8M	107
Q2 2024	$37.3M	65
Q1 2024	$36.7M	68
Q4 2023	$215.0M	101
Q3 2023	$195.7M	98

Questions about Joule Financial, LLC's portfolio

What stocks does Joule Financial, LLC own?

Joule Financial, LLC's latest 13F, for Q2 2026 and filed Jul 15, 2026, lists 116 positions worth $368.8M. The largest are Vanguard Total Bond Market ETF (BND) at 18.7%, Invesco S&p 500 Equal Weight ETF (RSP) at 12.6%, iShs 7-10 ys Tsy (IEF) at 8.4%, Ishares Tr (LQD) at 8.1% and Schwab U.s. Small-Cap ETF (SCHA) at 7.6%.

What did Joule Financial, LLC buy last quarter?

In Q2 2026, Joule Financial, LLC added Vanguard Info Tech (VGT) (+685.2% shares), First Solar Inc Com (FSLR) (+71.5% shares) and Spdr Series Trust (SPYG) (+22.4% shares), compared with its Q1 2026 filing.

What did Joule Financial, LLC sell last quarter?

In Q2 2026, Joule Financial, LLC cut from its top 50 Snowflake Inc (SNOW), cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 The Kroger Co (KR), cut from its top 50 Chevron Corp New (CVX), Alphabet Inc (GOOGL) (-28.0% shares), Cisco Sys Inc (CSCO) (-19.2% shares) and Vanguard World Fd (VAW) (-9.3% shares), compared with its Q1 2026 filing.

How has Joule Financial, LLC's portfolio performed?

A portfolio copying Joule Financial, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +10.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +12.8% against +20.1%. Over 5 years: +7.1% a year against +15.9%.

When is Joule Financial, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Joule Financial, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.