Performa Ltd (US), LLC

Registered adviser

CIK

1650303

Location

CHARLESTON, SC

Portfolio Value

Small $621,832,518

Diversification

Highly concentrated

Files via

PZENA INVESTMENT MANAGEMENT LLC

Filing Date

Global Rank

#3,385 / 8,827 ▲ 449 · as of Jun 2026

Top Industry

Packaged Foods 21.2%

Period ended 38 days ago

Filed Nov 5, 2026 · 2d

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 154232

Roster of Nov 1, 2026

Regulatory AUM

$4,491,173,031

Main clients

Insurance companies (50% of AUM)

Private funds

2 funds · Mixed

Focus by fund count, roster of Nov 1, 2026

$320,407,856 gross assets

Private funds on Schedule D 7.B.(1)

As filed Apr 24, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$188,877,470 gross assets in 5 funds Other private funds $188,450,403 (4) Hedge funds $427,067 (1)

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	$4,491,173,031	Insurance companies (50%)
Apr 2025 to Mar 2026	$3,723,163,302	Pooled investment vehicles (53%)
Apr 2024 to Mar 2025	$3,375,104,696	Pooled investment vehicles (58%)
May 2023 to Mar 2024	$2,876,679,894	Pooled investment vehicles (58%)
Apr 2023	$2,876,679,894	Pooled investment vehicles (58%)
Apr 2022 to Mar 2023	$2,427,819,813	Pooled investment vehicles (68%)

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 98.7% of the book (60%+)

Turnover

Low turnover

8.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 18.9 quarters (12+), a floor since 21.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 92.1%; sector active share 86.9% 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

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

Top Position

45.0%

+3.9 pts

Top 5

96.8%

+4.3 pts

Top 10

99.9%

+1.2 pts

HHI

2,804

Highly concentrated+296

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	99.9%	$621,206,225	18
Technology	0.0%	$153,301	10
Communication Services	0.0%	$151,520	3
Consumer Defensive	0.0%	$132,678	1
Healthcare	0.0%	$74,417	6
Utilities	0.0%	$42,875	1
Consumer Cyclical	0.0%	$30,545	3
Basic Materials	0.0%	$13,251	3
Energy	0.0%	$12,206	1
Industrials	0.0%	$8,251	2
Financial Services	0.0%	$7,249	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
HYLB	Xtrackers USD High Yield Corporate Bond ETF	+414,476	2,023,154	$71,255,483
VEU	Vanguard International Equity Index Funds	+218,684	751,961	$62,390,204
VO	VANGUARD MID-CAP INDEX FUND	+38,488	978,903	$76,765,573
VOO	VANGUARD 500 INDEX FUND	+31,187	230,976	$161,881,839
SSTK	Shutterstock, Inc.	+24,844	28,000	$118,160
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	+19,879	130,970	$30,257,999
ANGL	VanEck Fallen Angel High Yield Bond ETF	+8,000	131,913	$3,668,500
VTGN	Vistagen Therapeutics, Inc.	+5,250	10,750	$3,308
XRAY	DENTSPLY SIRONA Inc.	+900	4,000	$35,440
OTLY	Oatly Group AB	+750	12,150	$132,678
OEC	Orion S.A.	+450	651	$3,658
—		+411	11,495	$0
TLRY	Tilray Brands, Inc.	+300	1,900	$7,125
ASPN	Aspen Aerogels Inc	+300	1,100	$6,028
PSFE	Paysafe Ltd	+200	1,750	$9,852
CLVT	Clarivate PLC	+200	1,450	$2,421
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	+31	31,790	$10,739,615
—		+4	4,472	$0
No positions match the current search.

Trimmed

Positions the filer reduced

10 positions

Ticker	Company	Δ Shares	Shares	Value
SPY	Spdr S&P 500 ETF Trust	−26,779	69,518	$53,016,512
IJR	iShares Core S&P Small-Cap ETF	−12,895	50,363	$6,851,382
GTM	ZoomInfo Technologies Inc.	−10,500	5,500	$20,845
XSW	State Street(R) SPDR(R) S&P(R) Software & Services ETF	−9,500	12,500	$2,431,750
ASAN	Asana, Inc.	−4,115	2,660	$22,423
SPHQ	Invesco S&P 500 Quality ETF	−1,048	95,839	$8,058,143
BLKB	Blackbaud Inc	−555	320	$13,318
QUAL	iShares MSCI USA Quality Factor ETF	−505	38,612	$8,581,130
ADBE	Adobe Inc.	−154	121	$29,032
PYPL	PayPal Holdings, Inc.	−33	138	$7,249
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
PCG	PG&E Corp	3,500	$42,875
SPHY	State Street(R) SPDR(R) Portfolio High Yield Bond ETF	1,275	$28,802
LUMN	Lumen Technologies, Inc.	3,500	$19,600
LESL	Leslie's, Inc.	115,000	$18,400
GETY	Getty Images Holdings, Inc.	160,000	$13,760
AAP	Advance Auto Parts Inc	175	$6,809
SBH	Sally Beauty Holdings, Inc.	325	$5,336
OLN	OLIN Corp	230	$3,565
HTZ	Hertz Global Holdings, Inc	1,250	$2,087
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
RSP	Victory Portfolios II	72,043	$15,328,589
QQQ	Invesco Qqq Trust, Series 1	8,000	$5,891,200
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	8,000	$2,960,320
IWV	iShares Russell 3000 ETF	2,500	$1,066,000
LESLQ	Leslie's, Inc.	57,700	$585,655
VREX	Varex Imaging Corp	600	$6,258
GETYQ	Getty Images Holdings, Inc.	3,500	$3,010
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

49 tracked positions · $621,832,518 total · filing declares 50 positions · $624,856,832 · as of Sep 30, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VOO	VANGUARD 500 INDEX FUND	Added	230,976	+31,187	$161,881,839	+18.0%	26.03%
IWR	iShares Russell Mid-Cap ETF	Held	1,124,020	0	$119,944,174	−3.3%	19.29%
VO	VANGUARD MID-CAP INDEX FUND	Added	978,903	+38,488	$76,765,573	+1.3%	12.35%
HYLB	Xtrackers USD High Yield Corporate Bond ETF	Added	2,023,154	+414,476	$71,255,483	+21.3%	11.46%
VEU	Vanguard International Equity Index Funds	Added	751,961	+218,684	$62,390,204	+39.7%	10.03%
SPY	Spdr S&P 500 ETF Trust	Reduced	69,518	-26,779	$53,016,512	−26.3%	8.53%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Added	130,970	+19,879	$30,257,999	+12.1%	4.87%
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	Added	31,790	+31	$10,739,615	−7.5%	1.73%
QUAL	iShares MSCI USA Quality Factor ETF	Reduced	38,612	-505	$8,581,130	−0.0%	1.38%
SPHQ	Invesco S&P 500 Quality ETF	Reduced	95,839	-1,048	$8,058,143	−7.7%	1.30%
IJR	iShares Core S&P Small-Cap ETF	Reduced	50,363	-12,895	$6,851,382	−27.0%	1.10%
EWJ	iShares MSCI Japan ETF	Held	40,531	0	$3,950,151	+4.5%	0.64%
ANGL	VanEck Fallen Angel High Yield Bond ETF	Added	131,913	+8,000	$3,668,500	+1.2%	0.59%
XSW	State Street(R) SPDR(R) S&P(R) Software & Services ETF	Reduced	12,500	-9,500	$2,431,750	−35.7%	0.39%
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	Held	9,455	0	$1,384,968	−3.7%	0.22%
OTLY	Oatly Group AB Consumer Defensive	Added	12,150	+750	$132,678	+24.5%	0.02%
SSTK	Shutterstock, Inc. Communication Services	Added	28,000	+24,844	$118,160	+168.4%	0.02%
PCG	PG&E Corp Utilities	NEW	3,500	NEW	$42,875	NEW	0.01%
XRAY	DENTSPLY SIRONA Inc. Healthcare	Added	4,000	+900	$35,440	+7.7%	0.01%
DOCU	Docusign, Inc. Technology	Held	500	0	$33,575	+51.2%	0.01%
ADBE	Adobe Inc. Technology	Reduced	121	-154	$29,032	−48.5%	0.00%
SPHY	State Street(R) SPDR(R) Portfolio High Yield Bond ETF	NEW	1,275	NEW	$28,802	NEW	0.00%
ASAN	Asana, Inc. Technology	Reduced	2,660	-4,115	$22,423	−52.7%	0.00%
GTM	ZoomInfo Technologies Inc. Technology	Reduced	5,500	-10,500	$20,845	−55.5%	0.00%
LUMN	Lumen Technologies, Inc. Communication Services	NEW	3,500	NEW	$19,600	NEW	0.00%
LESL	Leslie's, Inc. Consumer Cyclical	NEW	115,000	NEW	$18,400	NEW	0.00%
MRVI	Maravai Lifesciences Holdings, Inc. Healthcare	Held	2,000	0	$15,320	+22.8%	0.00%
GETY	Getty Images Holdings, Inc. Communication Services	NEW	160,000	NEW	$13,760	NEW	0.00%
BLKB	Blackbaud Inc Technology	Reduced	320	-555	$13,318	−48.6%	0.00%
XOM	ExxonMobil Holdings Corp Energy	Held	75	0	$12,206	+19.0%	0.00%
MD	Pediatrix Medical Group, Inc. Healthcare	Held	467	0	$12,015	+1.6%	0.00%
PSFE	Paysafe Ltd Technology	Added	1,750	+200	$9,852	−14.9%	0.00%
SONO	Sonos Inc Technology	Held	459	0	$8,211	+32.2%	0.00%
P	Everpure, Inc. Technology	Held	60	0	$7,846	+66.0%	0.00%
PYPL	PayPal Holdings, Inc. Financial Services	Reduced	138	-33	$7,249	−1.8%	0.00%
TLRY	Tilray Brands, Inc. Healthcare	Added	1,900	+300	$7,125	−0.8%	0.00%
AAP	Advance Auto Parts Inc Consumer Cyclical	NEW	175	NEW	$6,809	NEW	0.00%
JELD	JELD-WEN Holding, Inc. Industrials	Held	3,350	0	$6,164	+22.7%	0.00%
ASPN	Aspen Aerogels Inc Basic Materials	Added	1,100	+300	$6,028	+18.8%	0.00%
PATH	UiPath, Inc. Technology	Held	450	0	$5,778	+18.1%	0.00%
SBH	Sally Beauty Holdings, Inc. Consumer Cyclical	NEW	325	NEW	$5,336	NEW	0.00%
OEC	Orion S.A. Basic Materials	Added	651	+450	$3,658	+174.6%	0.00%
OLN	OLIN Corp Basic Materials	NEW	230	NEW	$3,565	NEW	0.00%
VTGN	Vistagen Therapeutics, Inc. Healthcare	Added	10,750	+5,250	$3,308	+161.5%	0.00%
CLVT	Clarivate PLC Technology	Added	1,450	+200	$2,421	−10.3%	0.00%
HTZ	Hertz Global Holdings, Inc Industrials	NEW	1,250	NEW	$2,087	NEW	0.00%
RVP	Retractable Technologies Inc Healthcare	Held	1,750	0	$1,209	−4.0%	0.00%
		Added	11,495	+411	$0	−100.0%	0.00%
		Added	4,472	+4	$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.