Arax Advisory Partners

Registered adviser

CIK

1586767

Location

DENVER, CO

Portfolio Value

Large $15,059,354,184

Diversification

Diversified

Filing Date

Global Rank

#421 / 8,825 ▲ 582

Top Industry

Semiconductors 9.4%

Period ended 4 months ago

Filed Aug 10, 2026 · 3mo

25 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 133535

Roster of Nov 1, 2026

Regulatory AUM

$26,524,973,206

Main clients

Individuals and high net worth (92% of AUM)

Private funds

17 funds · Private equity funds

Focus by fund count, roster of Nov 1, 2026

$571,275,258 gross assets

Form ADV history

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

Rosters	Regulatory AUM	Main clients
Aug 2026 to Nov 2026	$26,524,973,206	Individuals and high net worth (92%)
Jul 2026	$23,183,966,708	Individuals and high net worth (92%)
Mar 2026 to Jun 2026	$11,304,032,152	Individuals and high net worth (87%)
Dec 2025 to Feb 2026	$8,960,126,874	Individuals and high net worth (86%)
Jul 2025 to Sep 2025	$7,319,089,239	Individuals and high net worth (86%)
Feb 2025 to Jun 2025	$2,805,108,884	Individuals and high net worth (89%)

8 earlier changes not shown.

Schedule 13D/13G stakes

Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.

Company	Schedule	Event date	Filed	Shares	% of class	Change	Status
LDSF now AIRR First Trust Exchange-Traded Fund VI	13G	Dec 31, 2024	1y	643,026	9.5%	—	Current
WCMI now ACYN First Trust Exchange-Traded Fund	13G	Dec 31, 2024	1y	609,775	13.4%	—	Current

A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis.

Portfolio style

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

Style

Diversified active

Top 10 weight 33.9%, 45.8 effective positions, active share 47.7% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

78.0% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 12.3 quarters (12+), a floor since 31.9% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 47.7%; sector active share 39.4% against the combined 13F book's sector weights.

Over time 25 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

5,114 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.9%

−1.2 pts

Top 5

25.6%

−8.4 pts

Top 10

33.9%

−10.3 pts

HHI

218

Diversified−145

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	50.9%	$7,671,726,559	1,290
Technology	13.2%	$1,981,862,826	497
Financial Services	7.2%	$1,083,643,353	874
Industrials	6.8%	$1,028,978,255	477
Energy	4.7%	$708,043,832	183
Healthcare	4.6%	$692,522,437	601
Consumer Cyclical	3.8%	$568,071,156	370
Communication Services	3.1%	$468,699,553	163
Consumer Defensive	2.2%	$333,244,801	160
Utilities	1.2%	$176,415,164	94
Real Estate	1.2%	$174,685,011	215
Basic Materials	1.1%	$171,461,237	190

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
HPK	HighPeak Energy, Inc.	+13,899,878	13,900,110	$97,161,768
VUG	VANGUARD GROWTH INDEX FUND	+3,271,582	3,519,123	$303,137,255
EPD	Enterprise Products Partners L.P.	+2,617,771	2,647,573	$97,324,783
CORO		+2,089,985	2,633,020	$96,368,532
PZA	Invesco National AMT-Free Municipal Bond ETF	+1,812,494	1,813,866	$42,662,128
DYNF	iShares U.S. Equity Factor Rotation Active ETF	+1,714,883	2,961,917	$201,439,975
ET	Energy Transfer LP	+1,692,331	1,743,645	$33,338,496
—		+1,360,747	1,361,510	$34,078,595
BAC	Bank Of America Corp	+1,299,317	1,406,039	$80,116,102
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	+1,298,333	1,303,595	$65,479,576
NVDA	Nvidia Corp	+1,264,758	1,492,942	$298,722,764
OTF	Blue Owl Technology Finance Corp.	+1,244,465	2,436,370	$25,216,429
T	At&T Inc.	+1,181,630	1,258,587	$26,052,750
AAPL	Apple Inc.	+1,156,704	1,391,949	$402,774,362
JAAA	Janus Henderson AAA CLO ETF	+1,137,681	1,781,343	$89,940,008
VEU	Vanguard International Equity Index Funds	+1,124,036	1,147,363	$96,091,651
BAI	BlackRock ETF Trust	+1,080,919	1,817,689	$95,828,564
GOVT	iShares U.S. Treasury Bond ETF	+998,327	1,516,171	$34,538,375
FSCO	FS Credit Opportunities Corp.	+967,331	980,930	$4,894,840
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	+966,339	973,489	$85,579,417
VO	VANGUARD MID-CAP INDEX FUND	+949,792	1,078,534	$86,897,484
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	+827,401	828,427	$13,155,420
FSK	FS KKR Capital Corp	+789,543	903,927	$9,491,233
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	+762,075	829,634	$131,107,061
FNDX	Schwab Fundamental U.S. Large Company ETF	+758,898	781,859	$24,315,814
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HIMU		−92,824	29,880	$1,488,024
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	−57,236	478,612	$19,450,791
EWZ	iShares MSCI Brazil ETF	−37,673	3,404	$117,438
LDSF	First Trust Exchange-Traded Fund VI	−34,476	532,477	$10,063,815
CGGR	Capital Group Growth ETF	−32,134	33,114	$1,562,980
QS	QuantumScape Corp	−31,477	25,514	$192,885
RSPR	Victory Portfolios II	−27,870	3,348	$122,412
UAA	Under Armour, Inc.	−16,801	16,272	$103,978
—		−16,585	61,052	$1,771,118
TRIP	TripAdvisor, Inc.	−16,223	1,752	$24,019
DFGR	Dimensional Global Real Estate ETF	−14,479	242,418	$7,022,849
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	−13,884	74,105	$18,006,773
SCHY	Schwab International Dividend Equity ETF	−11,787	34	$1,078
VOE	VANGUARD MID-CAP VALUE INDEX FUND	−11,422	57,354	$11,333,150
WU	Western Union CO	−10,406	11,286	$86,902
DUHP	Dimensional US High Profitability ETF	−8,433	21,223	$885,635
BSOL	Bitwise Solana Staking ETF	−7,402	2,518	$25,205
XME	State Street(R) SPDR(R) S&P(R) Metals & Mining ETF	−6,430	5,028	$537,644
BJUL		−6,191	5,113	$277,687
XDSQ		−5,628	28,161	$1,209,655
USO	United States Oil Fund, LP	−4,998	2,429	$258,542
AVIG	Avantis Core Fixed Income ETF	−4,892	101,790	$4,215,123
BJUN		−4,768	7,017	$341,587
CHWY	Chewy, Inc.	−4,758	1,726	$33,915
VVV	Valvoline Inc	−4,653	1,639	$64,806
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
—		984,286	$92,038,615
IBTI	iShares iBonds Dec 2028 Term Treasury ETF	1,889,290	$41,828,880
IBTG	iShares iBonds Dec 2026 Term Treasury ETF	1,538,030	$35,205,506
IBTH	iShares iBonds Dec 2027 Term Treasury ETF	1,559,602	$34,888,296
—		301,756	$30,198,231
CPAI	Northern Lights Fund Trust III	426,425	$22,157,043
VUSB	VANGUARD ULTRA-SHORT BOND ETF	398,105	$19,817,666
PAAA	PGIM AAA CLO ETF	364,643	$18,695,246
IALT		665,563	$18,669,042
IBTJ	iShares iBonds Dec 2029 Term Treasury ETF	781,914	$16,928,438
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	731,584	$16,343,586
BSCR	Invesco BulletShares 2027 Corporate Bond ETF	816,899	$16,023,473
BSCQ	Invesco BulletShares 2026 Corporate Bond ETF	807,564	$15,767,687
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	633,193	$15,614,539
BSCS	Invesco BulletShares 2028 Corporate Bond ETF	765,181	$15,586,736
GBIL	Goldman Sachs ETF Trust	135,763	$13,598,022
UBND	VictoryShares Core Plus Bond ETF	540,076	$11,733,151
FJAN	FT Vest U.S. Equity Buffer ETF - January	189,959	$10,464,841
FICO	Fair Isaac Corp	7,673	$9,167,546
IBTK	iShares iBonds Dec 2030 Term Treasury ETF	459,994	$8,988,282
MAIN	Main Street Capital CORP	151,274	$7,848,095
REVS	Columbia Research Enhanced Value ETF	239,615	$7,533,495
INEQ	Columbia International Equity Income ETF	174,945	$6,741,155
BSCT	Invesco BulletShares 2029 Corporate Bond ETF	355,165	$6,597,189
JHCP	John Hancock Core Plus Bond ETF	260,844	$6,540,141
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
—		82,412	$379,096
—		1,076	$191,388
HYMB	State Street(R) SPDR Nuveen ICE High Yield Municipal Bond ETF	4,963	$123,082
VTWV	VANGUARD RUSSELL 2000 VALUE INDEX FUND	600	$100,332
—		1,354	$87,921
—		6,226	$87,724
—		2,444	$85,883
—		801	$60,549
TLTW	iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	2,519	$56,979
BBIN	JPMorgan BetaBuilders International Equity ETF	700	$51,184
—		2,066	$43,159
CWEN-A	Clearway Energy, Inc.	981	$38,426
NCIQ	Hashdex Nasdaq CME Crypto Index ETF	1,345	$23,174
TIPZ	PIMCO Broad U.S. TIPS Index Exchange-Traded Fund	430	$22,850
—		1,190	$22,456
PSI	Victory Portfolios II	234	$22,084
DDFS		806	$17,019
—		945	$14,516
—		2,251	$13,282
—		265	$12,384
AMZA	ETFis Series Trust I	250	$11,522
EOS	Eaton Vance Enhanced Equity Income Fund II	500	$10,230
—		686	$9,920
—		1,212	$9,818
GSG	iShares S&P GSCI Commodity-Indexed Trust	279	$8,997
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

5,114 tracked positions · $15,059,354,184 total · filing declares 5,207 positions · $15,084,117,843 · as of Jun 30, 2026

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

Showing 1–50 of 5,114 positions by value · page 1 of 103

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPY	Spdr S&P 500 ETF Trust PUT + SHARES	Added	567,053	+460,468	$423,458,168	+510.9%	3	$715.70	2.81%
AAPL	Apple Inc. Technology	Added	1,391,949	+1,156,704	$402,774,362	+574.6%	26+	before history	2.67%
IVV	iShares Core S&P 500 ETF	Added	434,087	+300,682	$325,083,413	+273.1%	3	unpriced	2.16%
VUG	VANGUARD GROWTH INDEX FUND	Added	3,519,123	+3,271,582	$303,137,255	+180.4%	3	unpriced	2.01%
NVDA	Nvidia Corp CALL + SHARES Technology	Added	1,495,542	+1,267,358	$299,242,998	+652.0%	26+	before history	1.99%
QQQ	Invesco Qqq Trust, Series 1	Added	378,588	+249,269	$278,792,203	+273.5%	26+	before history	1.85%
DYNF	iShares U.S. Equity Factor Rotation Active ETF	Added	2,961,917	+1,714,883	$201,439,975	+177.6%	10	$62.47	1.34%
FIX	Comfort Systems USA Inc Industrials	Added	91,674	+91,127	$181,693,284	+23987.4%	9	$1,810.35	1.21%
MSFT	Microsoft Corp CALL + SHARES Technology	Added	476,444	+395,059	$177,723,140	+489.9%	26+	before history	1.18%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	461,612	+271,355	$170,814,904	+179.9%	3	unpriced	1.13%
AMZN	Amazon Com Inc Consumer Cyclical	Added	661,042	+506,869	$157,552,750	+390.7%	26+	before history	1.05%
GOOG	Alphabet Inc. Communication Services	Added	374,486	+307,245	$132,317,138	+586.0%	26+	before history	0.88%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Added	829,634	+762,075	$131,107,061	+1210.4%	26+	before history	0.87%
VTV	VANGUARD VALUE INDEX FUND	Added	593,047	+141,485	$129,242,732	+45.9%	3	unpriced	0.86%
GOOGL	Alphabet Inc. Communication Services	Added	324,584	+258,485	$115,996,584	+510.3%	3	$344.85	0.77%
AVLV	Avantis U.S. Large Cap Value ETF	Added	1,076,147	+505,607	$98,155,367	+113.4%	3	$80.27	0.65%
EPD	Enterprise Products Partners L.P. PUT + SHARES Energy	Added	2,660,073	+2,630,271	$97,784,283	+8571.1%	26+	before history	0.65%
HPK	HighPeak Energy, Inc. Energy	Added	13,900,110	+13,899,878	$97,161,768	+6072510.5%	2	$6.90	0.65%
CORO		Added	2,633,020	+2,089,985	$96,368,532	+451.9%	2	$34.84	0.64%
VEU	Vanguard International Equity Index Funds	Added	1,147,363	+1,124,036	$96,091,651	+5385.1%	3	$81.58	0.64%
BAI	BlackRock ETF Trust	Added	1,817,689	+1,080,919	$95,828,564	+294.7%	3	$40.98	0.64%
AVGO	Broadcom Inc. Technology	Added	245,487	+199,414	$92,732,714	+550.3%	26+	before history	0.62%
		NEW	984,286	NEW	$92,038,615	NEW	1	$94.14	0.61%
JPM	Jpmorgan Chase & Co Financial Services	Added	279,772	+229,108	$91,577,768	+514.5%	26+	before history	0.61%
JAAA	Janus Henderson AAA CLO ETF	Added	1,781,343	+1,137,681	$89,940,008	+177.4%	5	$50.57	0.60%
VO	VANGUARD MID-CAP INDEX FUND	Added	1,078,534	+949,792	$86,897,484	+135.0%	3	unpriced	0.58%
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	Added	973,489	+966,339	$85,579,417	+3157.4%	3	unpriced	0.57%
JNJ	Johnson & Johnson Healthcare	Added	326,790	+285,409	$82,994,856	+720.5%	26+	before history	0.55%
BAC	Bank Of America Corp Financial Services	Added	1,406,039	+1,299,317	$80,116,102	+1439.9%	26+	before history	0.53%
VOO	VANGUARD 500 INDEX FUND	Added	115,381	+61,517	$79,244,824	+146.2%	26+	before history	0.53%
MRK	Merck & Co., Inc. Healthcare	Added	608,608	+304,752	$78,206,128	+114.0%	26+	before history	0.52%
MU	Micron Technology Inc PUT + SHARES Technology	Added	62,396	+51,872	$72,023,078	+1925.7%	21	before history	0.48%
META	Meta Platforms, Inc. Communication Services	Added	127,822	+101,798	$72,000,854	+383.6%	26+	before history	0.48%
VEA	Vanguard FTSE Developed Markets ETF	Added	961,454	+421,263	$68,503,597	+97.9%	26+	before history	0.45%
XOM	ExxonMobil Holdings Corp Energy	Added	486,494	+423,701	$66,513,458	+524.3%	26+	before history	0.44%
BINC		Added	1,270,067	+576,944	$66,475,306	+84.7%	6	$52.52	0.44%
THRO		Added	1,541,826	+411,686	$66,468,118	+62.4%	3	$38.98	0.44%
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	Added	1,303,595	+1,298,333	$65,479,576	+24812.7%	3	$50.26	0.43%
GAUG	FT Vest U.S. Equity Moderate Buffer ETF - August	Added	1,526,954	+737,068	$63,246,434	+106.9%	2	$39.97	0.42%
		Added	1,348,815	+334,008	$61,775,727	+34.3%	3	$45.76	0.41%
INMU		Added	2,463,671	+306,067	$59,744,021	+15.8%	3	$24.23	0.40%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	116,509	+101,057	$58,299,938	+687.3%	5	$481.62	0.39%
CLOZ	Eldridge BBB-B CLO ETF	Added	2,188,929	+675,569	$57,831,504	+49.0%	5	$26.45	0.38%
DFUS	Dimensional U.S. Equity Market ETF	Added	703,277	+648,630	$57,626,517	+1387.1%	3	$78.64	0.38%
RDVY	First Trust Rising Dividend Achievers ETF	Added	709,083	+228,481	$57,478,267	+75.2%	3	$70.31	0.38%
SGOV	iShares 0-3 Month Treasury Bond ETF	Added	561,309	+468,757	$56,506,977	+506.5%	3	unpriced	0.38%
LLY	ELI LILLY & Co Healthcare	Added	46,821	+39,823	$56,158,516	+772.5%	26+	before history	0.37%
IEMG	iShares Trust	Added	677,057	+624,734	$56,087,401	—	3	unpriced	0.37%
CVX	Chevron Corp Energy	Added	330,878	+304,188	$54,846,337	+893.2%	26+	before history	0.36%
SHV	iShares 0-1 Year Treasury Bond ETF	Added	495,679	+493,482	$54,698,177	+22453.5%	3	unpriced	0.36%

Showing the top 50 of 5,114 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.