RATIONAL ADVISORS, INC.

Registered adviser

CIK

1143565

Location

San Juan, PR

Portfolio Value

Small $877,709,964

Diversification

Diversified

Filing Date

Global Rank

#2,636 / 8,827 ▼ 33 · as of Jun 2026

Top Industry

Internet Content & Information 14.7%

3Y Alpha vs SPY

-6.5%

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

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 111452

Roster of Nov 1, 2026

Regulatory AUM

$2,562,080,825

Main clients

Registered funds and BDCs (100% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$9,746,017 gross assets

Registered funds advised

12 series (2 index, 4 ETFs)

$2,435,874,694 net assets· N-CEN Apr 30, 2026

LEI

549300ET55X70OD5IF61

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$2,562,080,825	Registered funds and BDCs (100%)
Apr 2025 to Mar 2026	$2,283,242,065	Registered funds and BDCs (100%)
Apr 2024 to Mar 2025	$2,218,085,727	Registered funds and BDCs (100%)
May 2023 to Mar 2024	$2,576,883,155	Registered funds and BDCs (100%)
Apr 2023	$2,576,883,155	Registered funds and BDCs (100%)
Apr 2022 to Mar 2023	$3,003,778,020	Registered funds and BDCs (100%)

3 earlier changes not shown.

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 74.0% of the book (60%+)

Turnover

Medium turnover

50.7% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 13.2 quarters (12+), a floor since 27.6% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 80.6%; sector active share 68.2% 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

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

Top Position

20.9%

+0.7 pts

Top 5

54.9%

+1.5 pts

Top 10

75.1%

+1.1 pts

HHI

873

Diversified+38

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	85.6%	$751,195,558	38
Technology	4.7%	$41,651,872	39
Communication Services	2.3%	$20,472,988	9
Industrials	2.1%	$18,259,122	26
Real Estate	1.3%	$11,116,752	4
Financial Services	1.2%	$10,886,835	20
Consumer Cyclical	1.0%	$8,495,435	8
Healthcare	0.7%	$6,204,227	20
Energy	0.6%	$5,110,637	5
Consumer Defensive	0.4%	$3,710,198	3
Basic Materials	0.1%	$606,340	4

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SCHZ	Schwab U.S. Aggregate Bond ETF	+105,952	3,248,112	$71,783,275
PFFD	Global X U.S. Preferred ETF	+67,866	1,330,341	$23,414,001
USIG	iShares Broad USD Investment Grade Corporate Bond ETF	+49,140	330,868	$16,116,580
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	+47,265	318,425	$16,032,698
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	+34,759	1,025,102	$71,910,905
AGG	iShares Core U.S. Aggregate Bond ETF	+25,147	760,188	$71,868,173
VIG	Vanguard Specialized Funds	+15,514	167,011	$38,965,336
BAB	Invesco Exchange-Traded Fund Trust II	+14,702	463,582	$11,728,624
SCHH	Schwab U.S. REIT ETF	+13,006	1,379,286	$30,399,463
DFCF	Dimensional Core Fixed Income ETF	+12,868	391,612	$15,711,473
SPY	Spdr S&P 500 ETF Trust	+10,852	36,529	$27,858,111
VOO	VANGUARD 500 INDEX FUND	+8,549	59,025	$41,368,260
SCYB	Schwab High Yield Bond ETF	+7,992	310,986	$7,849,286
NTSX	WisdomTree U.S. Efficient Core Fund	+7,882	742,923	$43,423,849
QQQM	Invesco Ltd.	+6,881	158,378	$0
META	Meta Platforms, Inc.	+6,854	7,781	$5,642,625
MSFT	Microsoft Corp	+6,700	11,506	$5,901,426
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	+5,600	11,600	$2,270,700
WMB	Williams Companies, Inc.	+5,435	8,576	$582,910
PLTR	Palantir Technologies Inc.	+5,089	5,962	$1,115,191
AMZN	Amazon Com Inc	+4,578	23,276	$5,799,214
WM	Waste Management Inc	+4,001	4,146	$845,451
AVGO	Broadcom Inc.	+3,407	7,547	$2,650,430
SHY	iShares 1-3 Year Treasury Bond ETF	+3,157	4,620	$375,144
CME	Cme Group Inc.	+3,114	3,248	$850,911
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NFLX	Netflix Inc	−76,764	24,770	$1,723,496
SPIB	State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF	−75,084	519,894	$16,782,178
GOOGM	Alphabet Inc.	−62,300	111,000	$5,447,880
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	−50,589	174,591	$17,839,708
SCHI	Schwab 5-10 Year Corporate Bond ETF	−42,945	141,413	$3,031,894
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	−38,944	866,735	$34,184,028
MLPX	Global X MLP and Energy Infrastructure ETF	−25,575	642,134	$44,833,795
WMT	Walmart Inc.	−19,484	7,810	$811,614
V	Visa Inc.	−7,274	826	$296,806
JEPI	JPMorgan Equity Premium Income ETF	−6,979	492,400	$27,682,728
COPX	Global X Copper Miners ETF	−6,672	3,417	$289,419
UBER	Uber Technologies, Inc	−5,963	29,275	$2,005,630
ITT	Itt Inc.	−4,800	15,200	$3,067,664
APP	AppLovin Corp	−4,274	149	$43,274
GOOGL	Alphabet Inc.	−4,148	12,226	$4,206,722
AAPL	Apple Inc.	−3,220	12,290	$4,092,814
XOM	ExxonMobil Holdings Corp	−2,598	8,204	$1,335,201
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	−2,544	289,241	$22,650,462
IVV	iShares Core S&P 500 ETF	−2,297	67,566	$51,745,419
DLR	Digital Realty Trust, Inc.	−1,706	2,309	$405,298
NVS	Novartis AG	−1,609	3,244	$462,497
NSC	Norfolk Southern Corp	−1,300	1,121	$346,389
WDC	Western Digital Corp	−1,100	7,200	$3,272,112
HSBC	Hsbc Holdings PLC	−1,015	7,020	$697,156
ANET	Arista Networks, Inc.	−958	3,692	$751,654
No positions match the current search.

New Positions

Positions the filer opened this quarter

17 positions

Ticker	Company	Shares	Value
OKTA	Okta, Inc.	18,600	$3,889,446
QQQ	Invesco Qqq Trust, Series 1	4,218	$3,120,349
GPIQ	Goldman Sachs Nasdaq-100 Premium Income ETF	36,300	$2,104,674
PWRD		19,000	$1,998,686
SHLD	Global X Defense Tech ETF	31,000	$1,862,480
TT	Trane Technologies plc	2,293	$1,036,390
CB	Chubb Ltd	2,848	$926,312
ALAI	Alger ETF Trust	19,500	$906,165
CP	Canadian Pacific Kansas City Ltd	9,539	$811,768
APH	Amphenol Corp	8,944	$753,979
MNST	Monster Beverage Corp	14,000	$582,680
URI	United Rentals, Inc.	571	$571,445
GEV	GE Vernova Inc.	500	$475,245
DELL	Dell Technologies Inc.	855	$459,947
JNJ	Johnson & Johnson	1,534	$406,111
MBGL	Mobility Global Inc.	120	$2,058
IEMG	iShares Trust	24,255	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

13 positions

Ticker	Company	Shares	Value
PINK	Simplify Health Care ETF	56,100	$2,196,315
GE	General Electric Co	5,500	$2,055,515
—		17,970	$1,646,770
HEI	Heico Corp	4,600	$1,638,474
POWR	iShares U.S. Power Infrastructure ETF	53,132	$1,485,570
GS	Goldman Sachs Group Inc	979	$990,131
—		11,852	$984,545
CBRE	Cbre Group, Inc.	7,100	$956,299
VRT	Vertiv Holdings Co	2,482	$831,023
SMCI	Super Micro Computer, Inc.	27,244	$799,066
MOD	Modine Manufacturing Co	2,991	$798,656
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	4,758	$754,904
IEF	iShares 7-10 Year Treasury Bond ETF	231	$21,845
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

176 tracked positions · $877,709,964 total · filing declares 241 positions · $1,076,791,508 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 176 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Added	1,025,102	+34,759	$71,910,905	−1.1%	8.19%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	760,188	+25,147	$71,868,173	−1.2%	8.19%
SCHZ	Schwab U.S. Aggregate Bond ETF	Added	3,248,112	+105,952	$71,783,275	−1.2%	8.18%
IVV	iShares Core S&P 500 ETF	Reduced	67,566	-2,297	$51,745,419	−1.1%	5.90%
MLPX	Global X MLP and Energy Infrastructure ETF	Reduced	642,134	-25,575	$44,833,795	−8.8%	5.11%
NTSX	WisdomTree U.S. Efficient Core Fund	Added	742,923	+7,882	$43,423,849	+0.0%	4.95%
VOO	VANGUARD 500 INDEX FUND	Added	59,025	+8,549	$41,368,260	+19.3%	4.71%
VIG	Vanguard Specialized Funds	Added	167,011	+15,514	$38,965,336	+8.7%	4.44%
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	Reduced	866,735	-38,944	$34,184,028	−16.8%	3.89%
SCHH	Schwab U.S. REIT ETF	Added	1,379,286	+13,006	$30,399,463	−6.0%	3.46%
SPY	Spdr S&P 500 ETF Trust	Added	36,529	+10,852	$27,858,111	+45.3%	3.17%
JEPI	JPMorgan Equity Premium Income ETF	Reduced	492,400	-6,979	$27,682,728	−1.9%	3.15%
PFFD	Global X U.S. Preferred ETF	Added	1,330,341	+67,866	$23,414,001	−0.8%	2.67%
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	Reduced	289,241	-2,544	$22,650,462	−6.1%	2.58%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Reduced	174,591	-50,589	$17,839,708	−27.4%	2.03%
SPIB	State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF	Reduced	519,894	-75,084	$16,782,178	−15.7%	1.91%
USIG	iShares Broad USD Investment Grade Corporate Bond ETF	Added	330,868	+49,140	$16,116,580	+11.5%	1.84%
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	Added	318,425	+47,265	$16,032,698	+11.2%	1.83%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Added	175,632	+1,691	$15,764,728	+3.1%	1.80%
DFCF	Dimensional Core Fixed Income ETF	Added	391,612	+12,868	$15,711,473	−1.7%	1.79%
BAB	Invesco Exchange-Traded Fund Trust II	Added	463,582	+14,702	$11,728,624	−2.7%	1.34%
WELL	Welltower Inc. Real Estate	Held	43,800	0	$10,084,512	+1.4%	1.15%
IEFA	iShares Core MSCI EAFE ETF	Reduced	91,014	-770	$8,817,436	−0.5%	1.00%
SCYB	Schwab High Yield Bond ETF	Added	310,986	+7,992	$7,849,286	−1.0%	0.89%
NVDA	Nvidia Corp Technology	Added	26,560	+2,203	$6,065,772	+24.5%	0.69%
MSFT	Microsoft Corp Technology	Added	11,506	+6,700	$5,901,426	+229.2%	0.67%
AMZN	Amazon Com Inc Consumer Cyclical	Added	23,276	+4,578	$5,799,214	+30.1%	0.66%
META	Meta Platforms, Inc. Communication Services	Added	7,781	+6,854	$5,642,625	+980.6%	0.64%
GOOGM	Alphabet Inc. Communication Services	Reduced	111,000	-62,300	$5,447,880	−38.2%	0.62%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	9,750	-509	$4,447,852	−9.2%	0.51%
GOOGL	Alphabet Inc. Communication Services	Reduced	12,226	-4,148	$4,206,722	−28.1%	0.48%
MOG-A	Moog Inc. Industrials	Held	10,800	0	$4,119,876	−10.0%	0.47%
AAPL	Apple Inc. Technology	Reduced	12,290	-3,220	$4,092,814	−8.8%	0.47%
OKTA	Okta, Inc. Technology	NEW	18,600	NEW	$3,889,446	NEW	0.44%
VMBS	VANGUARD MORTGAGE-BACKED SECURITIES INDEX FUND	Added	86,385	+2,220	$3,836,357	−2.6%	0.44%
WDC	Western Digital Corp Technology	Reduced	7,200	-1,100	$3,272,112	−38.3%	0.37%
LLY	ELI LILLY & Co Healthcare	Reduced	2,799	-437	$3,238,666	−16.6%	0.37%
QQQ	Invesco Qqq Trust, Series 1	NEW	4,218	NEW	$3,120,349	NEW	0.36%
ITT	Itt Inc. Industrials	Reduced	15,200	-4,800	$3,067,664	−22.4%	0.35%
SCHI	Schwab 5-10 Year Corporate Bond ETF	Reduced	141,413	-42,945	$3,031,894	−27.4%	0.35%
ATI	Ati Inc Industrials	Held	14,100	0	$2,670,540	−3.9%	0.30%
AVGO	Broadcom Inc. Technology	Added	7,547	+3,407	$2,650,430	+69.5%	0.30%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	5,234	+253	$2,606,270	+4.6%	0.30%
COST	Costco Wholesale Corp Consumer Defensive	Added	2,544	+22	$2,315,904	−1.8%	0.26%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	Added	11,600	+5,600	$2,270,700	+98.6%	0.26%
GPIQ	Goldman Sachs Nasdaq-100 Premium Income ETF	NEW	36,300	NEW	$2,104,674	NEW	0.24%
UBER	Uber Technologies, Inc Technology	Reduced	29,275	-5,963	$2,005,630	−21.1%	0.23%
PWRD		NEW	19,000	NEW	$1,998,686	NEW	0.23%
SHLD	Global X Defense Tech ETF	NEW	31,000	NEW	$1,862,480	NEW	0.21%
JPM	Jpmorgan Chase & Co Financial Services	Added	5,424	+252	$1,794,421	+6.0%	0.20%

Showing the top 50 of 176 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.