Evanson Asset Management, LLC

CIK

1626379

Location

CARMEL, CA

Portfolio Value

Small $402,635,104

Diversification

Moderately concentrated

Filing Date

Global Rank

#2,640 / 8,232 ▲ 84

Top Industry

Asset Management 36.8%

3Y Alpha vs SPY

+0.9%

Period ended 2 months ago

Filed Apr 8, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+80.7%

SPY

+76.3%

Annualised alpha

+1.0%

Max drawdown

−16.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

129 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

33.8%

+1.8 pts

Top 5

68.6%

+0.2 pts

Top 10

78.5%

−0.4 pts

HHI

1,619

Moderately concentrated+90

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	38.3%	$154,200,378	17
Technology	30.1%	$121,211,756	30
Communication Services	12.6%	$50,801,926	6
Unclassified	5.9%	$23,614,809	7
Energy	4.3%	$17,474,035	12
Consumer Cyclical	3.4%	$13,874,327	11
Healthcare	2.2%	$8,849,260	14
Industrials	1.1%	$4,494,699	13
Consumer Defensive	1.1%	$4,357,289	7
Basic Materials	0.5%	$2,144,305	5
Utilities	0.3%	$1,391,235	5
Real Estate	0.1%	$221,085	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
ET	Energy Transfer LP	+42,540	83,001	$1,601,919
EPD	Enterprise Products Partners L.P.	+21,649	74,001	$2,800,197
AAPL	Apple Inc.	+1,584	266,862	$67,726,906
BN	BROOKFIELD Corp /ON/	+1,259	6,000	$242,820
AAL	American Airlines Group Inc.	+1,169	12,315	$132,263
PFE	Pfizer Inc	+652	13,677	$384,050
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+516	3,750	$1,267,312
TSLA	Tesla, Inc.	+481	8,711	$3,238,314
ORCL	Oracle Corp	+427	5,394	$793,511
AMZN	Amazon Com Inc	+351	33,971	$7,075,140
KRP	Kimbell Royalty Partners, LP	+261	12,209	$176,664
NOW	ServiceNow, Inc.	+204	4,337	$453,433
NEM	NEWMONT Corp /DE/	+179	2,628	$284,481
PANW	Palo Alto Networks Inc	+163	1,253	$200,880
PLTR	Palantir Technologies Inc.	+148	3,169	$463,561
NFLX	Netflix Inc	+110	7,511	$722,182
PBI	Pitney Bowes Inc /De/	+92	11,329	$125,185
OKLO	Oklo Inc.	+50	4,538	$225,039
CRWD	CrowdStrike Holdings, Inc.	+39	2,097	$818,689
ADBE	Adobe Inc.	+30	4,418	$1,073,927
CRM	Salesforce, Inc.	+26	1,173	$218,963
MDY	Spdr S&P Midcap 400 ETF Trust	+21	2,092	$1,290,261
MRK	Merck & Co., Inc.	+16	3,773	$453,854
VZ	Verizon Communications Inc	+10	6,300	$316,260
AEP	American Electric Power Co Inc	+9	2,004	$262,684
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PHYS	Sprott Physical Gold Trust	−240,703	3,839,307	$136,065,040
DXYZ	Destiny Tech100 Inc.	−7,500	7,500	$200,850
ALRM	Alarm.com Holdings, Inc.	−6,376	162,538	$7,020,016
SLV	iShares Silver Trust	−6,040	90,804	$6,187,384
GSG	iShares S&P GSCI Commodity-Indexed Trust	−5,496	41,851	$1,349,694
PSLV	Sprott Physical Silver Trust	−4,996	45,304	$1,104,964
IBIT	iShares Bitcoin Trust ETF	−1,995	10,592	$406,944
INTC	Intel Corp	−1,700	9,826	$433,621
BRK-B	Berkshire Hathaway Inc	−1,581	18,703	$8,962,477
OKE	Oneok Inc /New/	−1,371	31,977	$2,890,401
NVDA	Nvidia Corp	−1,163	56,789	$9,904,001
CVX	Chevron Corp	−955	16,253	$3,362,745
MSFT	Microsoft Corp	−871	27,261	$10,091,204
SPY	Spdr S&P 500 ETF Trust	−746	20,775	$13,510,813
FCX	Freeport-Mcmoran Inc	−600	3,800	$223,364
UNH	Unitedhealth Group Inc	−517	1,392	$376,661
ABBV	AbbVie Inc.	−395	3,925	$853,648
XYZ	Block, Inc.	−340	22,160	$1,333,588
XOM	Exxon Mobil Corp	−304	20,384	$3,458,349
INTU	Intuit Inc.	−237	1,493	$645,543
T	At&T Inc.	−179	18,496	$536,199
NEE	Nextera Energy Inc	−123	4,159	$386,287
AMD	Advanced Micro Devices Inc	−112	12,518	$2,546,536
ABT	Abbott Laboratories	−86	4,028	$413,554
CSCO	Cisco Systems, Inc.	−82	92,365	$7,166,600
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
WES	Western Midstream Partners, LP	18,082	$744,435
WMB	Williams Companies, Inc.	3,089	$224,817
ALGN	Align Technology Inc	1,200	$205,716
GEV	GE Vernova Inc.	234	$204,258
NRK	Nuveen New York Amt-Free Quality Municipal Income Fund	19,974	$203,934
ADM	Archer-Daniels-Midland Co	2,800	$203,532
BWXT	BWX Technologies, Inc.	991	$202,649
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
ADP	Automatic Data Processing Inc	1,511	$388,674
WELL	Welltower Inc.	2,010	$373,076
PYPL	PayPal Holdings, Inc.	5,857	$341,931
QBTS	D-Wave Quantum Inc.	9,484	$248,006
BKNG	Booking Holdings Inc.	45	$240,989
MDB	MongoDB, Inc.	537	$225,373
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

129 positions · $402,635,104 total · as of Mar 31, 2026

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

Showing 1–50 of 129 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PHYS	Sprott Physical Gold Trust Financial Services	Reduced	3,839,307	-240,703	$136,065,040	+1.0%	33.79%
AAPL	Apple Inc. Technology	Added	266,862	+1,584	$67,726,906	−6.1%	16.82%
GOOGL	Alphabet Inc. Communication Services	Added	169,395	+2	$48,711,226	−8.1%	12.10%
SPY	Spdr S&P 500 ETF Trust	Reduced	20,775	-746	$13,510,813	−7.9%	3.36%
MSFT	Microsoft Corp Technology	Reduced	27,261	-871	$10,091,204	−25.8%	2.51%
NVDA	Nvidia Corp Technology	Reduced	56,789	-1,163	$9,904,001	−8.4%	2.46%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	18,703	-1,581	$8,962,477	−12.1%	2.23%
CSCO	Cisco Systems, Inc. Technology	Reduced	92,365	-82	$7,166,600	+0.6%	1.78%
AMZN	Amazon Com Inc Consumer Cyclical	Added	33,971	+351	$7,075,140	−8.8%	1.76%
ALRM	Alarm.com Holdings, Inc. Technology	Reduced	162,538	-6,376	$7,020,016	−18.5%	1.74%
SLV	iShares Silver Trust	Reduced	90,804	-6,040	$6,187,384	−0.8%	1.54%
ACN	Accenture plc Technology	Reduced	18,389	-26	$3,646,354	−26.2%	0.91%
XOM	Exxon Mobil Corp Energy	Reduced	20,384	-304	$3,458,349	+38.9%	0.86%
CVX	Chevron Corp Energy	Reduced	16,253	-955	$3,362,745	+28.2%	0.84%
TSLA	Tesla, Inc. Consumer Cyclical	Added	8,711	+481	$3,238,314	−12.5%	0.80%
JNJ	Johnson & Johnson Healthcare	Reduced	12,914	-77	$3,156,698	+17.4%	0.78%
OKE	Oneok Inc /New/ Energy	Reduced	31,977	-1,371	$2,890,401	+17.9%	0.72%
EPD	Enterprise Products Partners L.P. Energy	Added	74,001	+21,649	$2,800,197	+66.8%	0.70%
AMD	Advanced Micro Devices Inc Technology	Reduced	12,518	-112	$2,546,536	−5.9%	0.63%
ET	Energy Transfer LP Energy	Added	83,001	+42,540	$1,601,919	+140.1%	0.40%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	4,623	-76	$1,359,901	−10.2%	0.34%
GSG	iShares S&P GSCI Commodity-Indexed Trust	Reduced	41,851	-5,496	$1,349,694	+23.6%	0.34%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	9,284	-76	$1,340,980	−0.0%	0.33%
XYZ	Block, Inc. Technology	Reduced	22,160	-340	$1,333,588	−8.9%	0.33%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	2,092	+21	$1,290,261	+3.3%	0.32%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	3,750	+516	$1,267,312	+29.0%	0.31%
MA	Mastercard Inc Financial Services	Held	2,513	0	$1,255,645	−12.5%	0.31%
AXP	American Express Co Financial Services	Held	3,990	0	$1,206,895	−18.2%	0.30%
PSLV	Sprott Physical Silver Trust Financial Services	Reduced	45,304	-4,996	$1,104,964	−7.1%	0.27%
ADBE	Adobe Inc. Technology	Added	4,418	+30	$1,073,927	−30.1%	0.27%
RWAY	Runway Growth Finance Corp. Financial Services	Held	150,467	0	$1,033,708	−23.1%	0.26%
APPF	Appfolio Inc Technology	Held	6,000	0	$946,920	−32.2%	0.24%
ENB	Enbridge Inc Energy	Held	16,908	0	$915,399	+13.2%	0.23%
CAT	Caterpillar Inc Industrials	Held	1,250	0	$885,575	+23.7%	0.22%
ABBV	AbbVie Inc. Healthcare	Reduced	3,925	-395	$853,648	−13.5%	0.21%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	2,664	-49	$827,944	−0.1%	0.21%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	828	-17	$825,044	+13.2%	0.20%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	4,970	-15	$821,739	+2.8%	0.20%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	2,097	+39	$818,689	−15.1%	0.20%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	4,023	-25	$816,588	+19.0%	0.20%
ORCL	Oracle Corp Technology	Added	5,394	+427	$793,511	−18.0%	0.20%
WES	Western Midstream Partners, LP Energy	NEW	18,082	NEW	$744,435	NEW	0.18%
NFLX	Netflix Inc Communication Services	Added	7,511	+110	$722,182	+4.1%	0.18%
INTU	Intuit Inc. Technology	Reduced	1,493	-237	$645,543	−43.7%	0.16%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Reduced	5,000	-80	$627,300	−15.8%	0.16%
IBM	International Business Machines Corp Technology	Reduced	2,577	-5	$624,639	−18.3%	0.16%
LLY	ELI LILLY & Co Healthcare	Reduced	671	-20	$617,165	−16.9%	0.15%
V	Visa Inc. Financial Services	Reduced	2,005	-24	$605,991	−14.8%	0.15%
AGI	Alamos Gold Inc Basic Materials	Held	13,200	0	$586,476	+15.2%	0.15%
UNP	Union Pacific Corp Industrials	Reduced	2,416	-11	$586,169	+4.4%	0.15%