Paul John Balson
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Dec 31, 2020, never from the firm's own description.
Closest benchmark: the Nasdaq-100 as of 2020-12-31, active share 80.0%; sector active share 64.3% against the combined 13F book's sector weights.
Over time 4 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 backtestPortfolio Concentration
88 tracked positions · as of Dec 31, 2020 · Δ vs Sep 30, 2020Portfolio Trend
Sector Breakdown
As of Dec 31, 2020| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 81.1% | $378,435,606 |
| Unclassified | 11.8% | $54,868,135 |
| Consumer Cyclical | 4.8% | $22,622,693 |
| Financial Services | 1.0% | $4,863,056 |
| Communication Services | 0.6% | $3,013,166 |
| Healthcare | 0.6% | $2,681,671 |
| Consumer Defensive | 0.1% | $235,356 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AAPL | Apple Inc. | +16,946 | 2,611,743 | $346,552,178 | |
| MDB | MongoDB, Inc. | +7,275 | 20,206 | $7,254,762 | |
| EEM | iShares MSCI Emerging Markets ETF | +7,135 | 16,661 | $860,873 | |
| — | +6,238 | 12,464 | $1,279,429 | ||
| VTV | VANGUARD VALUE INDEX FUND | +5,295 | 20,139 | $2,395,735 | |
| TWLO | Twilio Inc | +4,390 | 17,082 | $5,782,257 | |
| — | +4,308 | 12,628 | $1,177,687 | ||
| — | +3,750 | 16,310 | $810,770 | ||
| IWR | iShares Russell Mid-Cap ETF | +3,304 | 39,834 | $0 | |
| VB | Vanguard Index Funds | +3,258 | 5,629 | $1,095,853 | |
| IDU | iShares U.S. Utilities ETF | +3,058 | 6,055 | $0 | |
| DIA | Spdr Dow Jones Industrial Average ETF Trust | +2,686 | 22,508 | $6,882,721 | |
| EFA | iShares MSCI EAFE ETF | +2,593 | 19,423 | $0 | |
| — | +2,205 | 9,740 | $1,425,546 | ||
| TDOC | Teladoc Health, Inc. | +1,858 | 5,499 | $1,099,580 | |
| SPY | Spdr S&P 500 ETF Trust | +1,791 | 19,629 | $7,338,890 | |
| VO | VANGUARD MID-CAP INDEX FUND | +1,730 | 14,743 | $3,048,410 | |
| — | +1,549 | 20,669 | $2,573,083 | ||
| VUG | VANGUARD GROWTH INDEX FUND | +1,407 | 11,838 | $2,999,036 | |
| DIS | Walt Disney Co | +1,190 | 6,210 | $1,125,127 | |
| VIG | Vanguard Specialized Funds | +1,096 | 20,388 | $2,878,173 | |
| IWM | iShares Russell 2000 ETF | +1,058 | 12,747 | $0 | |
| QQQ | Invesco Qqq Trust, Series 1 | +964 | 29,043 | $9,111,950 | |
| BRK-B | Berkshire Hathaway Inc | +740 | 7,600 | $1,762,212 | |
| FSLY | Fastly, Inc. | +700 | 5,750 | $502,377 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| LMND | Lemonade, Inc. | 8,500 | $1,041,250 | |
| — | 3,878 | $510,926 | ||
| VFH | VANGUARD FINANCIALS INDEX FUND | 6,131 | $446,643 | |
| VIS | VANGUARD INDUSTRIALS INDEX FUND | 2,365 | $402,026 | |
| VAW | VANGUARD MATERIALS INDEX FUND | 2,438 | $382,692 | |
| VIGI | Vanguard Whitehall Funds | 3,084 | $251,006 | |
| MSCI | MSCI Inc. | 558 | $249,163 | |
| DEO | Diageo PLC | 1,482 | $235,356 | |
| ZS | Zscaler, Inc. | 1,160 | $231,663 | |
| SBUX | Starbucks Corp | 2,144 | $229,365 | |
| LRCX | Lam Research Corp | 480 | $226,689 | |
| SYK | Stryker Corp | 899 | $220,290 | |
| ADSK | Autodesk, Inc. | 680 | $207,631 | |
| FVRR | Fiverr International Ltd. | 1,040 | $202,904 | |
| SNPS | Synopsys Inc | 780 | $202,207 | |
| IEMG | iShares Trust | 5,212 | $0 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| — | 3,225 | $452,000 | ||
| DXCM | Dexcom Inc | 599 | $246,925 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| AAPL |
Apple Inc.
Technology
|
Added | 2,611,743 | $346,552,178 | 74.25% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Reduced | 20,075 | $14,166,323 | 3.04% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Added | 29,043 | $9,111,950 | 1.95% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Held | 2,526 | $8,227,005 | 1.76% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Added | 19,629 | $7,338,890 | 1.57% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 32,695 | $7,272,021 | 1.56% | |
| MDB |
MongoDB, Inc.
Technology
|
Added | 20,206 | $7,254,762 | 1.55% | |
| DIA |
Spdr Dow Jones Industrial Average ETF Trust
|
Added | 22,508 | $6,882,721 | 1.47% | |
| TWLO |
Twilio Inc
Technology
|
Added | 17,082 | $5,782,257 | 1.24% | |
| VO |
VANGUARD MID-CAP INDEX FUND
|
Added | 14,743 | $3,048,410 | 0.65% | |
| VUG |
VANGUARD GROWTH INDEX FUND
|
Added | 11,838 | $2,999,036 | 0.64% | |
| VIG |
Vanguard Specialized Funds
|
Added | 20,388 | $2,878,173 | 0.62% | |
|
|
Added | 20,669 | $2,573,083 | 0.55% | ||
| VTV |
VANGUARD VALUE INDEX FUND
|
Added | 20,139 | $2,395,735 | 0.51% | |
| SDY |
State Street(R) SPDR(R) S&P(R) Dividend ETF
|
Added | 19,855 | $2,103,240 | 0.45% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 7,600 | $1,762,212 | 0.38% | |
| CRWD |
CrowdStrike Holdings, Inc.
Technology
|
Held | 7,700 | $1,631,014 | 0.35% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 2,750 | $1,436,050 | 0.31% | |
|
|
Added | 9,740 | $1,425,546 | 0.31% | ||
| SHOP |
Shopify Inc.
Technology
|
Added | 1,246 | $1,410,409 | 0.30% | |
|
|
Added | 12,464 | $1,279,429 | 0.27% | ||
| VBR |
VANGUARD SMALL-CAP VALUE INDEX FUND
|
Added | 8,850 | $1,258,558 | 0.27% | |
| XYZ |
Block, Inc.
Technology
|
Held | 5,660 | $1,231,842 | 0.26% | |
|
|
Added | 12,628 | $1,177,687 | 0.25% | ||
| MGC |
VANGUARD MORNINGSTAR MEGA CAP INDEX FUND
|
Held | 8,599 | $1,147,536 | 0.25% | |
| DIS |
Walt Disney Co
Communication Services
|
Added | 6,210 | $1,125,127 | 0.24% | |
| TDOC |
Teladoc Health, Inc.
Healthcare
|
Added | 5,499 | $1,099,580 | 0.24% | |
| VB |
Vanguard Index Funds
|
Added | 5,629 | $1,095,853 | 0.23% | |
| TTD |
Trade Desk, Inc.
Communication Services
|
Added | 1,348 | $1,079,748 | 0.23% | |
| LMND |
Lemonade, Inc.
Financial Services
|
NEW | 8,500 | $1,041,250 | 0.22% | |
| EEM |
iShares MSCI Emerging Markets ETF
|
Added | 16,661 | $860,873 | 0.18% | |
|
|
Added | 16,310 | $810,770 | 0.17% | ||
| MA |
Mastercard Inc
Financial Services
|
Added | 2,183 | $779,200 | 0.17% | |
| SPLV |
Invesco S&P 500 Low Volatility ETF
|
Added | 13,183 | $741,280 | 0.16% | |
| NOW |
ServiceNow, Inc.
Technology
|
Added | 1,258 | $692,440 | 0.15% | |
|
|
Added | 4,041 | $612,171 | 0.13% | ||
| UNH |
Unitedhealth Group Inc
Healthcare
|
Added | 1,650 | $578,622 | 0.12% | |
| CRM |
Salesforce, Inc.
Technology
|
Held | 2,594 | $577,242 | 0.12% | |
| PYPL |
PayPal Holdings, Inc.
Financial Services
|
Added | 2,455 | $574,961 | 0.12% | |
| INTU |
Intuit Inc.
Technology
|
Added | 1,463 | $555,720 | 0.12% | |
| XSD |
State Street(R) SPDR(R) S&P(R) Semiconductor ETF
|
Added | 3,128 | $534,199 | 0.11% | |
| OKTA |
Okta, Inc.
Technology
|
Held | 2,070 | $526,318 | 0.11% | |
|
|
NEW | 3,878 | $510,926 | 0.11% | ||
| FSLY |
Fastly, Inc.
Technology
|
Added | 5,750 | $502,377 | 0.11% | |
| V |
Visa Inc.
Financial Services
|
Added | 2,086 | $456,270 | 0.10% | |
| VFH |
VANGUARD FINANCIALS INDEX FUND
|
NEW | 6,131 | $446,643 | 0.10% | |
| XLI |
State Street(R) Industrial Select Sector SPDR(R) ETF
|
Added | 4,897 | $433,629 | 0.09% | |
| VYM |
VANGUARD HIGH DIVIDEND YIELD INDEX FUND
|
Added | 4,706 | $430,646 | 0.09% | |
| ADBE |
Adobe Inc.
Technology
|
Held | 856 | $428,102 | 0.09% | |
| VIS |
VANGUARD INDUSTRIALS INDEX FUND
|
NEW | 2,365 | $402,026 | 0.09% |
Showing the top 50 of 88 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.