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Portfolio (Quarterly) Guide ↗

Frec Markets, Inc.

· CIK 0002111359
13F Portfolio $587.2B AUM 644 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 316 New 310 Added 15 Reduced 15 Exited
Page 2 of 16  ·  316 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 AVB AVALONBAY CMNTYS INC Real Estate 3,859.0 $630K 0.11% NEW $163.35 +12.7%
22 TPL TEXAS PACIFIC LAND CORPORATI Energy 1,316.0 $625K 0.11% NEW $474.56 -19.2%
23 PFG PRINCIPAL FINANCIAL GROUP IN Financial Services 6,866.0 $619K 0.10% NEW $90.11 +13.0%
24 INCY INCYTE CORP Healthcare 6,334.0 $596K 0.10% NEW $94.12 +0.8%
25 WY WEYERHAEUSER CO Real Estate 24,373.0 $595K 0.10% NEW $24.43 -6.1%
26 OVV OVINTIV INC Energy 9,979.0 $592K 0.10% NEW $59.36 +1.5%
27 LYB LYONDELLBASELL INDUSTRIES NV Basic Materials 7,051.0 $568K 0.10% NEW $80.56 -8.0%
28 CRBG COREBRIDGE FINL INC Financial Services 23,804.0 $568K 0.10% NEW $23.86 +15.0%
29 NET CLOUDFLARE INC Technology 2,738.0 $565K 0.10% NEW $206.34 -2.1%
30 MTZ MASTEC INC Industrials 1,754.0 $564K 0.10% NEW $321.74 +21.1%
31 KIM KIMCO REALTY CORP Real Estate 25,012.0 $562K 0.10% NEW $22.47 +4.0%
32 EQIX EQUINIX INC Real Estate 567.0 $556K 0.10% NEW $980.24 +8.0%
33 DOW DOW HLDGS INC Basic Materials 13,260.0 $552K 0.09% NEW $41.65 -7.2%
34 LIBERTY GLOBAL LTD 44,530.0 $538K 0.09% NEW $12.09
35 TXT TEXTRON INC Industrials 5,971.0 $523K 0.09% NEW $87.56 +3.0%
36 REGCO REGENCY CTRS CORP Real Estate 6,884.0 $521K 0.09% NEW $75.66 -70.7%
37 NTRS NORTHERN TR CORP Financial Services 3,700.0 $516K 0.09% NEW $139.57 +18.1%
38 RGA REINSURANCE GROUP AMER INC Financial Services 2,438.0 $498K 0.09% NEW $204.16 +5.0%
39 PPL PPL CORP Utilities 12,978.0 $496K 0.08% NEW $38.20 -8.9%
40 AIR LEASE CORP 7,556.0 $491K 0.08% NEW $64.94
Page 2 of 16  ·  316 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 37.5%
Financial Services 12.3%
Consumer Cyclical 8.4%
Communication Services 8.1%
Industrials 8.0%
Healthcare 8.0%
Consumer Defensive 5.0%
Energy 4.2%
Utilities 3.4%
Real Estate 2.9%