Q2 2026 13F · SEC CIK 2056243

Note Advisors, LLC

Wealth managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $230.6M
Reported positions: 86
Holdings vs S&P 500, 3 yrs: —
Assets under management: $437.0M

Note Advisors, LLC is a wealth manager that reported 86 positions worth $230.6M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Dimensional US Core Equity Market ETF (DFAU, 23.8%), Dimensional ETF Trust (DFCF, 10.6%), Dimensional International Core Equity Ma (DFAI, 8.3%).

Note Advisors, LLC holdings largest 50 of 86 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.

Note Advisors, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
DFAUDimensional US Core Equity Market ETF	23.8%	21.1%	1,060,382	+13.2%	$54.8M
DFCFDimensional ETF Trust	10.6%	10.1%	579,174	+21.5%	$24.4M
DFAIDimensional International Core Equity Ma	8.3%	8.0%	462,050	+12.8%	$19.1M
DFACDimensional U.s. Core Equity 2	4.9%	4.9%	253,344	+1.2%	$11.2M
BNDVanguard Total Bond Market ETF	4.0%	4.3%	125,032	+7.0%	$9.2M
DFAEDimensional ETF Trust	3.3%	3.1%	190,093	+2.4%	$7.6M
VONEVanguard Scottsdale Fds	3.1%	3.3%	21,373	-3.2%	$7.2M
VNQVanguard Real Estate ETF	2.6%	2.7%	61,419	+0.6%	$5.9M
NYFIshares Tr	2.4%	2.6%	100,569	+4.4%	$5.4M
VYMIVanguard International High Dividend Yie	2.3%	2.5%	54,128	+3.6%	$5.3M
FPEFirst Tr Exch Traded Fd III	1.8%	1.9%	235,753	+10.0%	$4.2M
LQDIshares Tr	1.8%	1.9%	38,208	+9.2%	$4.2M
DFGXDimensional ETF Trust	1.6%	1.6%	68,806	+12.0%	$3.7M
BNDXVanguard Charlotte Fds	1.5%	1.8%	72,898	-1.5%	$3.5M
VEAVanguard Tax-Managed Fds	1.4%	1.4%	45,281	+0.9%	$3.2M
SPIPSpdr Series Trust	1.3%	1.5%	120,853	+5.2%	$3.1M
DFARDimensional ETF Trust	1.3%	1.1%	114,242	+19.4%	$3.0M
DFNMDimensional ETF Trust	1.3%	1.4%	61,502	+6.6%	$3.0M
QYLDGlobal X Fds	1.2%	1.3%	152,902	+2.3%	$2.8M
DCORDimensional ETF Trust	1.2%	1.1%	33,347	+10.1%	$2.7M
COMTIshares U S ETF Tr	1.1%	1.3%	80,288	+8.5%	$2.4M
SCHDSchwab Strategic Tr	1.1%	1.1%	76,417	+2.6%	$2.4M
JEPIJpmorgan Equity Premium Income ETF	1.0%	1.1%	41,575	+5.8%	$2.3M
VIGVanguard Dividend Appreciation ETF	1.0%	1.0%	9,769	+3.5%	$2.3M
GOOGAlphabet Inc	1.0%	0.9%	6,326	-0.5%	$2.2M
VTEBVanguard Tx Ex Bd	0.8%	0.9%	38,465	+8.4%	$1.9M
PZTInvesco Exch Traded Fd Tr II	0.8%	0.8%	81,448	+11.3%	$1.9M
EMHYIshares Inc	0.6%	—	36,663	—	$1.5M
IXUSIshares Core Msci Total International St	0.6%	0.6%	13,852	-0.0%	$1.3M
IWBIshares Russell 1000 ETF	0.6%	0.6%	3,165	-0.1%	$1.3M
DFICDfa Dimensional Intl Core Equit	0.5%	0.6%	32,307	+0.1%	$1.2M
SPHYSpdr Series Trust	0.5%	0.6%	50,622	+5.7%	$1.2M
TIPiShares TIPS Bond ETF	0.5%	0.6%	10,763	-5.9%	$1.2M
AAPLApple Inc	0.5%	0.5%	3,791	-2.1%	$1.1M
MCDMcdonalds Corp Com	0.5%	0.6%	4,027	+0.0%	$1.1M
MUBIshares National Muni Bond ETF	0.5%	0.5%	9,677	-1.5%	$1.0M
IAGGiShares International Aggregate Bond Fun	0.4%	0.5%	19,332	-3.0%	$978K
GIGBGoldman Sachs ETF Tr	0.4%	0.5%	19,971	-11.4%	$917K
NBTBNbt Bancorp Inc	0.4%	0.4%	18,048	+0.9%	$891K
MSFTMicrosoft Corp	0.3%	0.5%	2,125	-13.9%	$793K
UALUnited Airls Hldgs Inc	0.3%	0.3%	5,813	-1.2%	$791K
VTCVanguard Total Corporate Bond ETF	0.3%	0.4%	9,310	+0.0%	$715K
VWOVanguard Intl Equity Index F	0.3%	0.3%	10,571	-0.7%	$631K
GOOGLAlphabet Inc	0.3%	0.2%	1,637	-4.7%	$585K
AVGOBroadcom Inc	0.2%	0.2%	1,497	+0.0%	$565K
QQQInvesco Qqq Tr	0.2%	—	696	—	$513K
VTWVVanguard Scottsdale Fds	0.2%	—	2,527	—	$494K
VXUSVanguard Star Fds Vanguard Total Intl St	0.2%	0.2%	5,686	+0.0%	$486K
VTVVanguard Value ETF	0.2%	—	2,199	—	$479K
XHLFBondbloxx ETF Trust	0.2%	0.5%	9,416	-49.6%	$474K

What Note Advisors, 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

DFCF Dimensional ETF Trust+21.5% shares
DFAR Dimensional ETF Trust+19.4% shares
DFAU Dimensional US Core Equity Market ETF+13.2% shares
DFAI Dimensional International Core Equity Ma+12.8% shares
DFGX Dimensional ETF Trust+12.0% shares
PZT Invesco Exch Traded Fd Tr II+11.3% shares
DCOR Dimensional ETF Trust+10.1% shares
FPE First Tr Exch Traded Fd III+10.0% shares

Reduced

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: +13.2% /yr; S&P 500 +20.1%
3 years: —
5 years: —

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	$230.6M	86
Q1 2026	$200.1M	85
Q4 2025	$194.9M	82
Q3 2025	$168.2M	83
Q2 2025	$144.6M	74
Q1 2025	$121.1M	74
Q4 2024	$112.9M	75

Questions about Note Advisors, LLC's portfolio

What stocks does Note Advisors, LLC own?

Note Advisors, LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 86 positions worth $230.6M. The largest are Dimensional US Core Equity Market ETF (DFAU) at 23.8%, Dimensional ETF Trust (DFCF) at 10.6%, Dimensional International Core Equity Ma (DFAI) at 8.3%, Dimensional U.s. Core Equity 2 (DFAC) at 4.9% and Vanguard Total Bond Market ETF (BND) at 4.0%.

What did Note Advisors, LLC buy last quarter?

In Q2 2026, Note Advisors, LLC added Dimensional ETF Trust (DFCF) (+21.5% shares), Dimensional ETF Trust (DFAR) (+19.4% shares) and Dimensional US Core Equity Market ETF (DFAU) (+13.2% shares), compared with its Q1 2026 filing.

What did Note Advisors, LLC sell last quarter?

In Q2 2026, Note Advisors, LLC cut from its top 50 Ssga Active Tr (EMTL), cut from its top 50 Vanguard Whitehall Fds (VWOB), cut from its top 50 Vanguard Index Fds (VTI), cut from its top 50 Global X Fds (XYLD), Bondbloxx ETF Trust (XHLF) (-49.6% shares), Microsoft Corp (MSFT) (-13.9% shares) and Goldman Sachs ETF Tr (GIGB) (-11.4% shares), compared with its Q1 2026 filing.

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

13F filings are due 45 days after each quarter ends. Note Advisors, 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.

How much money does Note Advisors, LLC manage?

Note Advisors, LLC reported $437.0M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $230.6M.