ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP

CIK

1103139

Location

Altamonte Springs, FL

Portfolio Value

Mid $3,817,204,205

Diversification

Highly concentrated

Filing Date

Global Rank

#1,218 / 8,827 ▲ 2 · as of Jun 2026

Period ended 38 days ago

Filed Nov 2, 2026 · 5d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 100.0% of the book (60%+)

Turnover

Medium turnover

52.8% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 18.1 quarters (12+), a floor since 60.7% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 94.5%; sector active share 86.8% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

21 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

64.5%

−2.0 pts

Top 5

90.6%

−2.7 pts

Top 10

100.0%

0.0 pts

HHI

4,432

Highly concentrated−257

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	100.0%	$3,817,204,205	20
Financial Services	0.0%	$0	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
—		+5,686,797	8,186,797	$0
XEMD	BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	+3,095,897	12,521,570	$538,114,470
EMLC	VanEck J.P. Morgan EM Local Currency Bond ETF	+1,731,493	5,790,877	$143,787,475
STIP	iShares 0-5 Year TIPS Bond ETF	+883,197	2,394,391	$238,720,782
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	+604,191	6,940,508	$630,475,746
BKLN	Invesco Ltd.	+485,700	979,500	$0
IEMG	iShares Trust	+452,884	1,592,784	$0
IAUM	iShares Gold Trust Micro	+362,019	653,274	$27,058,609
IVV	iShares Core S&P 500 ETF	+296,257	1,501,785	$1,150,142,042
IXUS	iShares Core MSCI Total International Stock ETF	+120,728	3,281,486	$311,708,355
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
VUSB	VANGUARD ULTRA-SHORT BOND ETF	−502,407	3,211,084	$159,109,212
SCHP	Schwab U.S. TIPS ETF	−135,182	2,826,200	$71,022,406
ALLW	SSGA Active Trust	−17,000	1,064,450	$30,411,336
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
JEMB	Janus Henderson Emerging Markets Debt Hard Currency ETF	2,367,000	$120,835,350
SPHY	State Street(R) SPDR(R) Portfolio High Yield Bond ETF	4,662,893	$105,334,752
SLQD	iShares 0-5 Year Investment Grade Corporate Bond ETF	1,795,300	$88,831,444
TLTW	iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	2,116,300	$42,897,401
JAAA	Janus Henderson AAA CLO ETF	695,300	$35,091,791
RSP	Victory Portfolios II	68,100	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
GOVT	iShares U.S. Treasury Bond ETF	13,957	$317,940
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

21 tracked positions · $3,817,204,205 total · filing declares 21 positions · $4,227,830,531 · as of Sep 30, 2026

All sectors Financial Services

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IVV	iShares Core S&P 500 ETF	Added	1,501,785	+296,257	$1,150,142,042	+27.4%	30.13%
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	Added	6,940,508	+604,191	$630,475,746	+3.2%	16.52%
XEMD	BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	Added	12,521,570	+3,095,897	$538,114,470	+27.1%	14.10%
IXUS	iShares Core MSCI Total International Stock ETF	Added	3,281,486	+120,728	$311,708,355	+3.3%	8.17%
STIP	iShares 0-5 Year TIPS Bond ETF	Added	2,394,391	+883,197	$238,720,782	+54.6%	6.25%
VUSB	VANGUARD ULTRA-SHORT BOND ETF	Reduced	3,211,084	-502,407	$159,109,212	−13.9%	4.17%
EMLC	VanEck J.P. Morgan EM Local Currency Bond ETF	Added	5,790,877	+1,731,493	$143,787,475	+38.6%	3.77%
JPST	JPMorgan Ultra-Short Income ETF	Held	2,455,093	0	$123,663,034	−0.4%	3.24%
JEMB	Janus Henderson Emerging Markets Debt Hard Currency ETF	NEW	2,367,000	NEW	$120,835,350	NEW	3.17%
SPHY	State Street(R) SPDR(R) Portfolio High Yield Bond ETF	NEW	4,662,893	NEW	$105,334,752	NEW	2.76%
SLQD	iShares 0-5 Year Investment Grade Corporate Bond ETF	NEW	1,795,300	NEW	$88,831,444	NEW	2.33%
SCHP	Schwab U.S. TIPS ETF	Reduced	2,826,200	-135,182	$71,022,406	−9.5%	1.86%
TLTW	iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	NEW	2,116,300	NEW	$42,897,401	NEW	1.12%
JAAA	Janus Henderson AAA CLO ETF	NEW	695,300	NEW	$35,091,791	NEW	0.92%
ALLW	SSGA Active Trust	Reduced	1,064,450	-17,000	$30,411,336	−3.9%	0.80%
IAUM	iShares Gold Trust Micro	Added	653,274	+362,019	$27,058,609	+132.2%	0.71%
RSP	Victory Portfolios II	NEW	68,100	NEW	$0	NEW	0.00%
		Added	8,186,797	+5,686,797	$0	−100.0%	0.00%
BKLN	Invesco Ltd. Financial Services	Added	979,500	+485,700	$0	−100.0%	0.00%
EUSA	iShares Trust	Held	99,998	0	$0	−100.0%	0.00%
IEMG	iShares Trust	Added	1,592,784	+452,884	$0	−100.0%	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.