Q2 2026 13F · SEC CIK 1004140

Pennsylvania Capital Management Inc /adv

Hedge fundFiled 2026-07-24 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $394.8M
Reported positions: 123
Top holdings a year, 3 yrs: +18.3%
Average holding period: 4.8 yrs

Pennsylvania Capital Management Inc /adv is a hedge fund that reported 123 positions worth $394.8M in its Q2 2026 13F, filed 2026-07-24. Its largest holdings were Apple Inc (AAPL, 10.3%), Ishares Core S&p 500 ETF (IVV, 8.8%), Microsoft Corp (MSFT, 7.1%). A portfolio copying its top holdings returned 18.3% a year over the last 3 years, against 20.4% for the S&P 500.

Pennsylvania Capital Management Inc /adv holdings largest 50 of 123 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.

Pennsylvania Capital Management Inc /adv 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
AAPLApple Inc	10.3%	10.8%	140,052	-5.9%	$40.5M
IVVIshares Core S&p 500 ETF	8.8%	8.5%	46,506	+2.0%	$34.8M
MSFTMicrosoft Corp	7.1%	8.2%	75,371	-2.6%	$28.1M
FNDXSchwab Strategic Tr	5.5%	5.4%	698,020	+3.4%	$21.7M
JPIEJpmorgan Income ETF	5.4%	6.1%	466,095	+1.0%	$21.5M
AMZNAmazon Com Inc Com	4.8%	5.2%	80,292	-7.9%	$19.1M
BINCIshares Flexible Income Active ETF	4.8%	5.3%	362,510	+1.1%	$19.0M
NVDANvidia Corporation Com	4.0%	4.0%	79,243	-0.9%	$15.9M
FNDFSchwab Strategic Tr	3.8%	3.9%	286,731	+3.7%	$15.1M
MGKVanguard World Fd	3.4%	3.2%	152,625	+396.0%	$13.4M
VOOVanguard S&p 500 ETF	3.0%	2.9%	17,050	-0.0%	$11.7M
JNJJohnson & Johnson	2.7%	3.0%	42,653	-0.7%	$10.8M
IJHIshares Tr	2.3%	2.3%	118,382	+0.4%	$9.1M
SMHVaneck Semiconductor ETF	2.3%	1.5%	13,892	-0.1%	$9.1M
GOOGLAlphabet Inc	1.8%	1.8%	20,317	-6.3%	$7.3M
SOXXIshares Semiconductor ETF	1.3%	0.8%	7,990	-0.4%	$5.1M
LLYLilly Eli & Co	1.3%	1.1%	4,204	+1.5%	$5.0M
JPSTJ P Morgan Exchange Traded Fd	1.3%	0.4%	99,482	+307.0%	$5.0M
VMCVulcan Matls Co Com	1.1%	1.2%	15,219	-0.7%	$4.5M
DSIiShares ESG MSCI KLD 400 ETF	1.1%	0.9%	31,148	+18.9%	$4.4M
IXUSIshares Core Msci Total International St	1.0%	1.1%	42,618	+0.0%	$4.1M
SCHXSchwab Stratgc Tr	1.0%	0.7%	128,782	+36.2%	$3.8M
SPYSpdr S&p 500 ETF Tr	0.9%	0.9%	4,863	-0.9%	$3.6M
IJRIshares Core S&p Small Cap ETF	0.9%	0.9%	24,464	-1.3%	$3.6M
XLYConsumer Discretionary Select S	0.9%	1.0%	30,720	+0.0%	$3.6M
VOVanguard Index Fds	0.7%	0.7%	35,463	+300.1%	$2.9M
TSLATesla Inc Com	0.6%	1.0%	5,669	-38.8%	$2.4M
CZNCCitizens & Northn Corp	0.6%	0.6%	99,967	+0.0%	$2.3M
VBVanguard Indx Fd	0.6%	0.6%	7,619	+0.0%	$2.3M
GOOGAlphabet Inc	0.6%	0.5%	6,438	-0.3%	$2.3M
SCHDSchwab Strategic Tr	0.6%	0.7%	69,237	-7.1%	$2.2M
BRK-BBerkshire Hathaway Inc Del	0.5%	0.6%	4,175	+3.7%	$2.1M
ADIAnalog Devices Inc	0.5%	0.5%	5,075	-2.4%	$2.0M
MSMorgan Stanley Com New	0.5%	0.4%	8,817	+0.0%	$1.8M
SCHGSchwab U.s. Large-Cap Growth ETF	0.5%	0.4%	53,696	+14.0%	$1.8M
EPDEnterprise Prods Partners L	0.4%	0.5%	43,335	+0.0%	$1.6M
SCHMSchwab Strategic Tr	0.4%	0.3%	42,803	+24.7%	$1.6M
VOTVanguard Index Fds	0.4%	0.4%	4,882	+0.0%	$1.5M
XOMExxon Mobil Corp	0.4%	0.5%	10,567	+0.0%	$1.4M
RTXRtx Corporation Com	0.4%	0.4%	7,514	+0.0%	$1.4M
IVWIshares	0.4%	0.3%	10,356	+0.0%	$1.4M
VYMVym	0.4%	0.4%	8,976	-14.0%	$1.4M
IVESWedbush Ser Tr	0.4%	0.3%	36,533	-5.3%	$1.4M
VOXVanguard World Fd	0.3%	0.4%	6,952	+0.0%	$1.3M
JPMJpmorgan Chase & Co	0.3%	0.2%	3,546	+30.6%	$1.2M
NEENextera Energy Inc Com	0.3%	0.3%	13,131	+0.0%	$1.2M
IVEIshares S&p 500 Value ETF	0.3%	0.3%	5,034	-0.1%	$1.1M
VTIVanguard Index Fds	0.3%	0.3%	3,081	-16.8%	$1.1M
JMSTJ P Morgan Exchange Traded F	0.3%	0.3%	21,463	-9.5%	$1.1M
CNCCentene Corp Del	0.3%	—	16,691	—	$1.1M

What Pennsylvania Capital Management Inc /adv bought and sold in Q2 2026, against Q1 2026.

New positions

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

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: +17.2% /yr; S&P 500 +20.1%
3 years: +18.3% /yr; S&P 500 +20.4%
5 years: +10.1% /yr; S&P 500 +11.6%

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	$394.8M	123
Q1 2026	$349.5M	112
Q4 2025	$365.4M	113
Q3 2025	$343.6M	108
Q2 2025	$312.7M	107
Q1 2025	$272.4M	99
Q4 2024	$291.6M	100
Q3 2024	$278.4M	98
Q2 2024	$259.9M	87
Q1 2024	$242.8M	85
Q4 2023	$252.2M	90
Q3 2023	$241.0M	91

Questions about Pennsylvania Capital Management Inc /adv's portfolio

What stocks does Pennsylvania Capital Management Inc /adv own?

Pennsylvania Capital Management Inc /adv's latest 13F, for Q2 2026 and filed Jul 24, 2026, lists 123 positions worth $394.8M. The largest are Apple Inc (AAPL) at 10.3%, Ishares Core S&p 500 ETF (IVV) at 8.8%, Microsoft Corp (MSFT) at 7.1%, Schwab Strategic Tr (FNDX) at 5.5% and Jpmorgan Income ETF (JPIE) at 5.4%.

What did Pennsylvania Capital Management Inc /adv buy last quarter?

In Q2 2026, Pennsylvania Capital Management Inc /adv added Vanguard World Fd (MGK) (+396.0% shares), J P Morgan Exchange Traded Fd (JPST) (+307.0% shares) and Vanguard Index Fds (VO) (+300.1% shares), compared with its Q1 2026 filing.

What did Pennsylvania Capital Management Inc /adv sell last quarter?

In Q2 2026, Pennsylvania Capital Management Inc /adv cut from its top 50 Meta Platforms Inc Class A (META), Tesla Inc Com (TSLA) (-38.8% shares), Vanguard Index Fds (VTI) (-16.8% shares) and Vym (VYM) (-14.0% shares), compared with its Q1 2026 filing.

How has Pennsylvania Capital Management Inc /adv's portfolio performed?

A portfolio copying Pennsylvania Capital Management Inc /adv's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +17.2% against +20.1%. Over 5 years: +10.1% a year against +11.6%.

When is Pennsylvania Capital Management Inc /adv's next 13F filing due?

13F filings are due 45 days after each quarter ends. Pennsylvania Capital Management Inc /adv's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.