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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 14 of 33  ·  644 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
261 NBIX NEUROCRINE BIOSCIENCES INC Healthcare 3,723.0 $490K 0.08% NEW $131.74 +17.6%
262 SAP SAP SE Technology 2,861.0 $490K 0.08% +843.0 +41.8% $171.21 +6.7%
263 WEC WEC ENERGY GROUP INC Utilities 4,223.0 $489K 0.08% +2K +116.8% $115.77 -5.3%
264 VRSN VERISIGN INC Technology 1,962.0 $487K 0.08% +946.0 +93.1% $248.36 +21.9%
265 BKR BAKER HUGHES COMPANY Energy 7,931.0 $484K 0.08% +3K +55.5% $61.05 +8.5%
266 BIIB BIOGEN INC Healthcare 2,628.0 $482K 0.08% +474.0 +22.0% $183.33 +3.4%
267 NTRA NATERA INC Healthcare 2,409.0 $482K 0.08% NEW $199.99 -4.3%
268 MDLZ MONDELEZ INTL INC Consumer Defensive 8,319.0 $480K 0.08% NEW $57.64 +7.0%
269 VICI VICI PPTYS INC Real Estate 17,528.0 $479K 0.08% NEW $27.32 +3.9%
270 MCO MOODYS CORP Financial Services 1,086.0 $474K 0.08% $436.25 +1.0%
271 CI THE CIGNA GROUP Healthcare 1,775.0 $473K 0.08% +702.0 +65.4% $266.75 +6.2%
272 GEHC GE HEALTHCARE TECHNOLOGIES I Healthcare 6,649.0 $473K 0.08% NEW $71.18 -13.9%
273 WBD WARNER BROS DISCOVERY INC Communication Services 17,227.0 $473K 0.08% +2K +13.8% $27.46 -1.5%
274 CPT CAMDEN PPTY TR Real Estate 4,827.0 $471K 0.08% NEW $97.66 +6.6%
275 NSA NATIONAL STORAGE AFFILIATES Real Estate 12,425.0 $469K 0.08% NEW $37.74 +8.5%
276 DLR DIGITAL RLTY TR INC Real Estate 2,586.0 $466K 0.08% NEW $180.21 +4.6%
277 MLI MUELLER INDS INC Industrials 4,195.0 $465K 0.08% NEW $110.80 +19.9%
278 FRT FEDERAL RLTY INVT TR NEW Real Estate 4,371.0 $464K 0.08% NEW $106.21 +7.4%
279 CFR CULLEN FROST BANKERS INC Financial Services 3,381.0 $463K 0.08% NEW $137.08 -0.3%
280 JBL JABIL INC Technology 1,735.0 $461K 0.08% +262.0 +17.8% $265.63 +25.6%
Page 14 of 33  ·  644 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%